Best Ethereum Wallet (2018 Update) – 5 Options Reviewed

Last updated on November 24th, 2017 at 08:15 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.

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75 Comments on "Best Ethereum Wallet (2018 Update) – 5 Options Reviewed"

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Lee M Deckard
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Lee M Deckard

Suppose a person is waiting for a transfer of bitcoin from coinbase to trezor and the computer that the trezor is attached to goes asleep, will the transaction ever complete?

Lee M Deckard
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Lee M Deckard

I just purchased trezor and tried to get an eth address to send my coins from coinbase to my trezor. Trevor referred me to myetherwallet rather than providing an address. I know I was doing it correctly as I have moved bitcoin to my trezor.Any suggestions as to how I can use Trezor to store eth?

Mary Rose
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Mary Rose

Hi, what is the best ETH wallet available in the Philippines?

Steven Hay
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Steven Hay

Hi Mary Rose,

I suggest MyEtherWallet.com as an online wallet which can be accessed from anywhere. If you accumulate a significant amount of ethers there, it would be best to get a hardware wallet to contain their private key.

Moureen
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Moureen

Good day, Please advice me on how and where i can buy Ehereum

Zsofia Elek
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Zsofia Elek

Hi Moureen, please refer to our Ethereum buying guide in this post: https://99bitcoins.com/guide-buy-ether-ethereum/

Moureen
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Moureen

Thanks so much for the info.

peter
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peter

MyEtherWallet can manage any ERC-20 token (not just ETH)

Brian
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Brian
Word of advice to everyone concerning wallets. I’ve tried several wallets and devices, including Keepkey, which suddenly lost access to all my bitcoin, litecoin, and ethereum wallets (I can partially recover some of my accounts through 3rd party software, but not most of it. I’m waiting for Keepkey to resolve the situation through a software update, got my fingers crossed). And I lost all of my remaining ethereum through a glitch in Coinomi’s mobile app. I sent a large transaction to my coinomi wallet, and zilch arrived. I can see it was sent, but nothing arrived. I’ve heard it could… Read more »
Warren B
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Warren B

Hey Brian, I had a keepkey and the button somehow got stuck so could not use the funds. Mailed it in to replace. Keep key recommended me to Download EXODUS to your computer and use your 12-word phrase to revover your account, all your funds will be there. (They are all on the blockchain anyway) Then, once you get a replacement hardware wallet you can transfer them back on it or leave it on exodus. Good luck.

Steven Hay
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Steven Hay
Hey Brian, Thanks for sharing this information. That’s a very concerning situation regarding the Keepkey. Do you have any more information on exactly what went wrong there? Perhaps a public thread on this issue? It certainly sounds like an issue which people should be aware of, especially if the cause of the error was the KeepKey device itself. As for Coinomi, I’m sorry to hear about your loss there but less surprised. Mobile wallets aren’t that secure given the nature of the mobile platform, which is designed for communicating. Mobile phones give away a tremendous amount of info by default… Read more »
Philip
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Philip

I need to generate a ERC-20 ETH Compatible Wallet. But I only have a choice between MyEsterWallet or Mist or MetaMask or Parity. Which is the best for security & ease of use & is there any YouTube videos showing how to ??

Steven Hay
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Steven Hay

Hey Philip,

I’m not an Ethereum expert but I’d suggest a hardware wallet, such as the Trezor or Ledger Nano, paired with MyEtherWallet. This combination should give you maximum convenience and functionality with excellent security.

James Humphries
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James Humphries

Hi, lm trying to open an account with Coinbase. I am a US citizen with a US bank account living in Colombia. Coinbase sees that I live in Colombia and automatically tells me that I cannot open an account. Any advice or ideas would be gratefully received.

C V
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C V

Get Tunnel Bear VPN, and change your location to US.

JD2oz
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JD2oz

ok , ist a convenient way to keep tunneling through VPN every time i wanna log into coinbase ?
given the fact that am having the same issue

Steven Hay
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Steven Hay

Hey JD2oz,

I don’t quite understand your question. You’re looking for an easier way than using a VPN to avoid Coinbase’s country rules? Well, I think the only possibility is to contact Coinbase and see if they’ll clear your account for your current location… This might backfire and see them lock you out though. Then again, if they catch on that you’re using a VPN they might lock you out too… Probably safest to use a local exchange, if possible.

Steven Hay
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Steven Hay
Hi James, You can try using a VPN which changes your IP address to an American one. I’ve seen PrivateVPN and IPVanish recommended for good pricing and security. Provided that you’re a US citizen with a US bank account, I don’t see any potential legal problems with this… Essentially you’re just routing around Coinbase’s dumb filter. Still, the “proper” way of doing it would be to contact Coinbase support and explain the situation to them. This will probably take some time though – maybe weeks – as I believe Coinbase are processing a massive influx of new users at present.… Read more »
Cliff
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Cliff

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

Cliff
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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.