Created by Vitalik Buterin in 2014, Ethereum is a network of computers, all running on the Ethereum blockchain and enabling people to exchange coins.
In terms of market share, Bitcoin holds the largest share of the crypto market and currently holds 43 percent of market share. Ethereum, Bitcoin’s largest opponent, totals around 17.4 percent of the market, which is a significant percentage considering the huge number of other cryptocurrencies.
How to store Ethereum?
Discovering how to store your Ether safely and securely is a matter of great significance. You should take it seriously, otherwise, you may end up losing your hard-earned coins. ETH is stored on crypto-currency wallets. There are several types of wallets out there – hardware wallets, web, desktop, mobile and paper wallets.
Top 7 Ethereum Wallets
Security should be your main priority when it comes to choosing a wallet. Our guide unveils the best ethereum wallets, and by the end you will have a much better idea of which wallet to choose.
1. Trezor (Hardware wallet)
TREZOR was the first hardware wallet invented initially for Bitcoin. Nowadays, Trezor can be used for Ethereum too with the MyEtherWallet interface. It is a very light and portable device. It costs $99.
2. Ledger Nano S
Ledger Nano S is the most popular hardware wallet for Ethereum and ERC20 token users. It supports the most coins and has integrations with MyEtherWallet. It is one of the cheapest Ethereum hardware wallets available ($65). Here, Ether is stored offline on the device.
3. Coinbase (Web Wallet)
Coinbase is an inexpensive and fast way of storing Ethereum, provided that their service is available in your country. It is significant to emphasize that the private keys are not in your control because they are stored on Coinbase’s hosted servers.
4. ETHAdress (Paper Wallet)
Paper wallets are the cheapest form of cold storage available. If you want to use paper wallets, you can choose the open-source project ETHAdress to create an Ethereum paper wallet.
MetaMask is a very handy Ethereum wallet for desktop. It is significant to stress that by using Metamask, nearly any website you browse can see that you have it installed and therefore understand that you are a cryptocurrency owner. It is just a privacy leak that could make you the subject of a malware attack. Be sure that you are downloading it directly from Metamask’s website.
6. Exodus Wallet
Exodus has become a very prominent wallet in the cryptocurrency world. It supports various coins so there is no need for creating a different wallet for each new coin you buy. It also possesses an attractive portfolio feature that allows you to see your crypto holdings in an easy to understand way.
MyEtherWallet is a website that allows you to create, send, and receive Ethereum, but it does not have any controls over your private keys. If you generate a wallet the website will create a public-private key pair which will be protected by a password of your choosing. Afterwards you will get a downloadable file with that key pair for future use.