Best Ethereum Wallet (2017 Update) – 5 Options Reviewed

Google+ Pinterest LinkedIn Tumblr +

Last updated on October 14th, 2017 at 11:22 am

Ethereum, the blockchain platform that allows smart contracts, is becoming more and more popular. Since the beginning of 2017 the price has spiked from $8.22 to around $50. I’ve covered how to buy Ethereum in a previous post but that’s only part of the process. Today I want to cover 5 different types of Ethereum wallets so you will know where to store your Ethereum.

Ethereum is a very technical currency (even more than Bitcoin), therefore most wallets out there aren’t newbie friendly. I will go over them from the simplest to the most complex so you can choose the one that is best suited to your knowledge level.

Hardware wallets – Best security (for a price)

If you’re serious about securing your altcoins I suggest storing your Ethereum on a hardware wallet. However these hardware wallets aren’t free and cost anywhere between $50-$100 (shipping not included). Today’s leading hardware wallets TREZOR, Ledger and KeepKey all supply you with the option to store Ethereum on them. Instead of explaining about each one I’ll just link to my previous reviews on the wallets:

Here’s my TREZOR review

Here’s my Ledger Nano S Review

Here’s my KeepKey review

Personally, I use a TREZOR but all three are excellent choices for maximum security.

Coinbase’s Ethereum wallet – The simplest option

Coinbase supplies an Ethereum wallet as well as a Bitcoin wallet. Coinbase’s wallet is simple to set up and very easy to use, however it has a few limitations you’ll need to be aware of:

  • The company holds the private key of the wallet for you. This means you’re not in control of your funds and Coinbase can decide to shut down your account if they want to. There were cases in the past that Coinbase shut down user accounts do to illegal activity.
  • The Coinbase ETH wallet doesn’t support ETC (Ethereum Classic). For a simple explanation about ETC vs ETH read this post.

Once you open a Coinbase account you’ll immediately see an ETH wallet appearing under the “accounts” tab.

Coinbase accounts

You can then enter your ETH account and click on “wallet address” in order to get your Ethereum public address.

Ethereum address coinbase

Click here to check out Coinabase’s ethereum wallet.

Exodus wallet – The desktop option for increased control

Exodus is a Bitcoin and Altcoin desktop wallet with beautiful design and an intuitive interface. I’ve reviewed the wallet in the past and thought it was one of the best I’ve found so far. When it comes to limitations for exodus keep in mind that it’s not 100% open source.  Many components inside Exodus are open source, but not all of them. This means that the code doesn’t get reviewed in full by the community.

Also the wallet is currently available only in a desktop version (no mobile version yet). Like Coinbase, Exodus does not support ETC only ETH. However, unlike Coinbase, Exodus is an independent wallet that stores the private key on your machine and not on any external sever. This means you have full control (and full responsibility) for your coins.

Exodus wallet

Exodus allows you to accept Bitcoin, Ethereum, Dash, Dogecoin and Litecoin. Just go to “Wallet” and choose the cryptocurrency you want. Afterward click on “Receive” to view your Ethereum address.

Exodus Ethereum address

Click here to view Exodus for yourself.

Jaxx Wallet – The new kid on the block

While I haven’t fully reviewed Jaxx yet (I plan to do so next week), from my first impression it seems to be a very good Bitcoin and Altcoin wallet for all your devices (desktop and mobile). Similar to Exodus Jaxx provides a simple and intuitive interface for many altcoins.

Jaxx altcoins

Unlike most other wallets out there Jaxx supports ETH and ETC. Also, your private keys are never shared with Jaxx’s server and are safely stored on your machine. Jaxx is not open source but the code is freely available on the wallet’s website which makes it a bit more accessible for review.

In order to receive Ethereum with Jaxx just make sure you have that currency set up when you first install the program. Then choose the currency on the top bar and you will see your Ethereum address right below.

Jaxx ethereum address

Click here to check out Jaxx for yourself

ETHAdress – The cold storage option

For those of you who wish to store Ethereum offline you can print out an Ethereum Paper wallet. ETHAdress is an open source project that will create Ethereum paper wallets for you. Similar to BitAddress.org, the site will create a private and public key pair with the click of a button. You can then print out this information and store it in a safe place so no external hacker will be able to get your coins.

One more option that’s available is to encrypt your private key so that if you or anyone else wants to use the coins they will need to know the password to decrypt it.

ethereum paper wallet

You should NEVER share your private key with anyone. In the image above my private key is publicly exposed but it’s because there are no coins in this wallet. The minute someone knows your private key he has control over your coins.

Using ETHaddress will probably be a relatively secure way of storing Ethereum. However, ETHaddress can be used only with ETH (not ETC). Also, if you ever want to send your coins to someone else you will need to import the keys into an online wallet (e.g. Exodus, Jaxx) and only then you will be able to use them.

Click here to visit ETHAddress.

MyEtherWallet – A web interface for Ethereum

MyEtherWallet is a website that allows you to create, send and receive Ethereum without it having any control over your private keys. When you first enter the site you can choose if you want to generate a wallet, send Ethereum or a variety of other options.

MyEthereWallet

If you generate a wallet the site will create a public-private key pair which will be protected by a password of your choosing. You will then get a downloadable file with that key pair for future use. Whenever you will want to send Ethereum from this file you will need to upload it to the site and supply the password.

Sending can be done via the website itself or through other wallets such as TREZOR or Ledger. The site’s code is open source and it only works with ETH.

MyEthereWallet keys

Click here to visit MyEtherWallet.

 

Ethereum wallets are still in their early days

Even though Ethereum has been around for a few years, as you can see from the variety above it’s not as popular as Bitcoin (yet). However, since Ethereum’s price is on the rise lately I guess we will be seeing more Ethereum wallets and exchange support for this currency soon.

At the time of writing there are also several exchanges that support Ethereum (e.g. BitPanda, Cex.io and more) however I don’t think it’s a good option to use them as wallets, that’s why I didn’t cover them in this post.

If you’ve had any experience with the wallets above or any other Ethereum wallet not mentioned here I’d love to hear about it in the comment section below.

Ofir Beigel

Owner at 99 Coins ltd.
Blogger and owner of 99Bitcoins. I've been dealing with Bitcoin since the beginning of 2013 and it taught me a lesson in finance that I couldn't get anywhere else on the planet. I'm not a techie, I don't understand "Hashes" and "Protocols", I designed this website with people like myself in mind. My expertise is online marketing and I've dedicated a large portion of 99Bitcoins to Bitcoin marketing.
Share.

Leave a Reply

57 Comments on "Best Ethereum Wallet (2017 Update) – 5 Options Reviewed"

Notify of
avatar
 
Sort by:   newest | oldest | most voted
Cliff
Guest
Member
Cliff

How do we upload our pic here? I’m now a member, is there a login?

Cliff
Guest
Member
Cliff

I’m a novice to cryptos. I need a wallet so I can send ETH to an ICO. atm I have my portfolio of Bitcoin and altcoins at Bittrex. Is there a simple wallet to send some ETH to and then resend to the ICO on the same day? ICO is on 20th Sept so this is time sensitive.

Cliff
Guest
Member
Cliff
I’m a novice in cryptos. I need a wallet so I can move some ETH from Bittrex into and then send those ETH to an ICO. The two exchanges I have Bitcoin, ETH and altcoins at say I can’t send to an ICO (which is on the 20th Sept). The ICO @ COBINHOOD says you cannot send the ETH from an exchange also. My PC is about to expire so I’m guessing a desktop wallet isn’t what I need. I don’t have a smart phone or a laptop atm. Any suggestions for a wallet? I have a bunch of different… Read more »
Zsofia Elek
Admin
Member
Zsofia Elek

Hi Cliff, you could try using a paper wallet or a hardware wallet too, here you can read more about the different wallet types: https://99bitcoins.com/what-is-bitcoin-wallet-bwbt-3/

nik
Guest
Member
nik

Hello,
and what about PARITY
Thanks

Next
Guest
Member
Next

You say with myetherwallet you have to UPLOAD file and password to the SITE. Are you sure that this is true? Doesnt that happen all local?

Wan
Guest
Member
Wan

I’m probably asking for the impossible, but can you recommend an all-in-one, an app or desktop programme that not only stores my keys in a software wallet that can be accessed via an android app but will also allow me to buy/sell and send/receive BTC & ETH. I expect some fees to be involved, but not the rather painful fees incurred at coinbase.

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Wan, please bear in mind, you can buy and sell Bitcoins on exchanges, but storing Bitcoins in these wallets are not considered too safe. Here you can read more about the different wallet types: https://99bitcoins.com/what-is-bitcoin-wallet-bwbt-3/. You can find a couple of Android wallets : https://99bitcoins.com/best-4-bitcoin-wallets-android-mobile-review/ and the other wallets on the market with reviews here: https://99bitcoins.com/best-bitcoin-wallet-2015-bitcoin-wallets-comparison-review/

ivan
Guest
Member
ivan
I am about a week in this crypto world and it just amazed me. I am pretty sure I will not make any big money, but its future and the fun of minitrading is something very interesting. Your articles and videos are really great. My learning curve is going fast. What was more tricky was the multy-wallet options stuff and the problems with security. Only a couple of questions: so far I dont know where is the best option to store altcoins for medium term trading and how much value would be the maximum you would advice to store in… Read more »
Zsofia Elek
Admin
Member
Zsofia Elek

Hi Ivan, I suggest you go through the article we have about the different types of Bitcoin wallets, it will be useful for you even if you are looking for wallets to store your altcoins. You can find it here: https://99bitcoins.com/what-is-bitcoin-wallet-bwbt-3/

Enrique Blanco Cerda
Guest
Member
Enrique Blanco Cerda

What do you think about Uphold????

feo
Guest
Member
feo

Is etherum Android wallet safe?

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Feo, we have recently composed a review for Android wallets, some of them also support Ethereum, I suggest you check out this article here: https://99bitcoins.com/best-4-bitcoin-wallets-android-mobile-review/ These are safe options to choose from.

helene
Guest
Member
helene

does anyone know if myetherwallet can also be used on imac osx?

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Helene, yes, Myetherwallet supports Mac users as well.

Dayo A
Guest
Member
Dayo A
Hi, Briegel. From your excellent write up, I have been able to create a Wallet on MyEtherWallet, thnx. Pls can u hlp me with information on How I can generate a paper wallet using MyEtherWallet ? I am new on Crypto hence got no Hardware wallet yet and from your write up, I understand it is next to Hardware wallet in terms of security. I am also not clear on how a ‘paper’ will be able to keep an update of my changing Balances from the Wallet as I spend. In other words, what data will change on a paper… Read more »
Zsofia Elek
Admin
Member
Zsofia Elek

Hi Dayo, we have a walkthrough about how to use a paper wallet here: https://99bitcoins.com/know-more-send-from-paper-wallet/. Although this is for Bitcoin, the process is very similar for Ethereum too. Please check it out and let us know if you still have any questions.

dayo
Guest
Member
dayo

Hi, Zsofia. I tried follow up on your instruction on paper wallet . met a wall. Your instruction appear to be for a different version of Blockchain. Here is how (Screen Shot) my wallet Home page looks like on Windows imgur.com/RtgGBWN. As you can see, your instruction was not helpful as it is completely diffrent from what you described.

Can you assist more clearly?

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Dayo, I think you just need to proceed by downloading the json file, please check out the suggestion here: https://ethereum.stackexchange.com/questions/15798/how-to-generate-paper-wallet-on-myetherwallet-com

Vitl
Guest
Member
Vitl

How to import Ethereum Wallet purse from PC to your account myetherwallet.com (on WEB ETH purse)

Register on http://www.myetherwallet.com and write down all your credentials (very important).
Open purse mist / efiruma and click on My Account, then click on the backup, which will display keystore.in and geth file.
Copy the keystore.in file to the desktop for easy access.
Navigate to and select https://www.myetherwallet.com/#send-transaction Keystore file (UTC / JSON).
You will be prompted to select the option “Select wallet file”, click on it and download keystore.in file from your desktop, place the password for the wallet / purse-air and decode it.
This is the whole process.

Frank
Guest
Member
Frank

I could really use some help! I created an ETH wallet using Mist. I got fed up when I could not make anything work so I deleted everything and tried to start over. Mist created another wallet.. I have my wallet address and passcode. How can I access my wallet without using Mist? I need something that would import my wallet address. Any suggestions?

crpguru
Guest
Member
crpguru

Thanks for the article..

I am using myetherwallet transfered ETH from CB & Polo 5 hours ago.. still not showin up?

Is it really this slow?

Thanks

Femi O
Member
Member
Femi O

Am just a bit confused about which wallet to use for Ethereum,i keep seeing positive and Neg reviews on almost all.. i currently use jaxx but how secure is it?

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Femi, probably you will always see both negative and positive feedbacks for any wallets. Here is our review on Jaxx, hope it helps you a bit: https://99bitcoins.com/jaxx-wallet-review-bitcoin/

Larry
Guest
Member
Larry

Well done article!

I would like to hear more about the cold storage. It’s fine to print out an account key on paper but how is that key returned to a computer app for future usage?

Also, do any of these wallets have USB memory key storage for cold storage usage? I realise that utimately paper torage should be used for backup of the memory key also, but it should make it easy to “break the piggy bank’ for easy spending, with the resultant back on the memory key stored away in your firesafe.

Thanks

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Larry, here is an article for you about the different types of wallets available, I think it can be useful for you: https://99bitcoins.com/what-is-bitcoin-wallet-bwbt-3/

Michael
Guest
Member
Michael

Hi, I’m a little confused. U say hardware wallets are the most secure (for a price) but how is it that an offline wallet like myetherwallet (if I did my research correctly) is less secure than a hardware wallet that u actually have to connect to your computer online. If I’m not mistaken myetherwallet works like armory for bitcoin with signing transactions offline and broadcasting them on another online computer? Looking forward to your response.

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Michael, here is an article summarizing the differences between the wallet types. https://99bitcoins.com/what-is-bitcoin-wallet-bwbt-3/

Michael
Guest
Member
Michael

Hi thanks for the quick response and the awesome link.
So the offline paper wallet and the hardware wallet are both cold storages which do exactly the same thing as the hardware wallet can’t be hacked even if connected to the internet.

Thanks alot Zsofia

Zsofia Elek
Admin
Member
Zsofia Elek

Exactly.

rob
Guest
Member
rob

Hi, I recently opened an ETH wallet at ethereum-wallet.info but never received my coins – repeated attempts to contact them at : and 73467 Kirchheim am Ries
Kirchheim am Ries, Germany has proven fruitless. Does anyone have a suggestion? ETH was transfered from Cex.io using the CORRECT address and Cex.io wont help either.

Thanks

mike
Guest
Member
mike

hi Rob.

i am having same problem with that site. i opened a new wallet there and then transferred a small amount of ETH to them just to try it out. no show on my deposit but TX shows ETH was transferred. I’ve subsequently opened a case with them and also emailed their customer support. it’s been 4 days and no response from either and still no deposit.

have you figured out what the problem is with THEM or is it scam only ?

thanks. mike

Stefan
Guest
Member
Stefan

Any experience with this wallet? I registered but am not sure if it fake.

Mike
Guest
Member
Mike

Kudos to u for these excellent write-up,am very impressed keep it up!

Zsofia Elek
Admin
Member
Zsofia Elek

Thanks Mike for the feedback.

Sam
Guest
Member
Sam

Hello,

Why do you find wallets from exchanges, such as CEX inadvisable to use?

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Sam, it is not advisable to store your coins on exchanges as they can be vulnerable to hacking attacks. You can read more about the types of wallets in this article: https://99bitcoins.com/what-is-bitcoin-wallet-bwbt-3/

ST
Guest
Member
ST

Thanks for this great article; it clears up a lot for me.
If I do cloud mining ETH can I save my ETH dollars in a cold storage wallet directly?

Zsofia Elek
Admin
Member
Zsofia Elek

Generally speaking, when you do cloud mining the mined coins first appear on the account of the platform then you can send it your cold wallet.

Sean M Hicks
Guest
Member
Sean M Hicks

It says do not send rewards directly to the coinbase.com option…? So can we not use it for mining as an address?

Ali
Guest
Member
Ali

Love your blog I keep coming to it everyday and make sure to click on your affiliates ?

Zsofia Elek
Admin
Member
Zsofia Elek

Hey Ali, thanks for the feedback!

akhilesh mishra
Member
Member
akhilesh mishra

Hi please review Litecoin wallets, i found this article http://cryptocreed.com/2017/04/27/best-litecoin-wallets/ but i think i will find here with more details

Zsofia Elek
Admin
Member
Zsofia Elek

Hi, so far we only have experience with the wallets mentioned in this article: https://99bitcoins.com/complete-guide-selecting-litecoin-wallet/

Arnost
Guest
Member
Arnost

You could have at least mentioned MetaMask, Mist, plus the option of having a full node (Parity, geth, …). Ethereum as a currency is secondary to Ethereum as a smart contract platform, you know.

jp
Guest
Member
jp
I tried to use the Windows Desktop JAXX wallet, but found it buggy. I can’t say the math or crypto was wrong, I never got that far. I found the windows, ui, font rendering buggy enough on Windows 7 that I scrapped it. I installed their Android JAXX wallet last week though I haven’t used it yet. In large part because I am a total Eth n00b. When you review Jaxx, can you take time to mention the integration with shapeshift.io, how it works with JAXX, and what its fees are? My intention with the JAXX wallet is to use… Read more »
Jessica
Guest
Member
Jessica

airbitz.co wallet is my goto I like the simplicity and all the attached applications.

wpDiscuz