In this article, we explore the best Ethereum wallets available to help you pick the right one. Ethereum, being a major player in the cryptocurrency market, requires a secure and efficient wallet for effective management and transactions.

Our review covers various wallets, focusing on their security features, ease of use, and compatibility with different devices. Whether you’re a seasoned investor or new to the Ethereum world, this guide is tailored to help you find a wallet that suits your needs and preferences.

Which Wallet Is Best for Ethereum?

Here’s a list of the top Ethereum wallet apps that lead the market in 2024:

  1. Best Wallet — Overall best Ethereum wallet that supports multiple blockchains
  2. Exodus — Best ETH wallet for beginners
  3. Zengo — Safest non-custodial wallet for ethereum
  4. Elllipal — Best hardware wallet for storing ETH
  5. Ledger — Reputable hardware ethereum wallet with the best app
  6. Trezor — Highly Secure Hardware Ethereum Wallet
  7. Binance Wallet — Best ETH wallet for active traders

Ethereum Wallets List Reviewed

The best ETH wallets in the market offer a good balance of security, convenience, and functionality.

After analyzing many providers, we found that the top Ethereum wallets to consider right now are those discussed below:

1. Best Wallet — Best Crypto Wallet for Ethereum

Best Wallet is the best Ethereum wallet according to our team. It’s non-custodial and focuses on ease of use and security. It’s arguably the best Ethereum wallet for Android and iOS devices, while a desktop version is also underway to cater to a broader audience.

It supports numerous blockchains, including Ethereum Mainnet, Polygon Mainnet, and BSC Mainnet, with plans for further expansion.

Best Wallet uses advanced cryptographic methods, two-factor authentication, and biometric identification, emphasizing robust security. This multi-layered approach ensures that users’ digital assets are safe.

Apart from asset storage, Best Wallet allows buying cryptos using fiat through a third-party app — Wert. It also comes with a built-in DEX, allowing the seamless trading of thousands of different tokens directly within the app.

Best Wallet

The wallet is designed to support non-fungible tokens (NFTs), with features for viewing, managing, trading, and selling NFTs planned for future updates.

The $BEST token, integral to the Best Wallet ecosystem, offers its holders various perks. These include early access to token presales, staking rewards, and zero gas fees during transfers.

The wallet’s roadmap is user-focused, with upcoming additions like biometric security, in-app swaps, a comprehensive crypto news feed, and NFT functionalities to make the platform more comprehensive and user-ready.

You can follow Best Wallet on X (previously Twitter) and join the Best Wallet Telegram channel for the latest information.

Type of Wallet Non-custodial 
Fee Structure Depends on the 3rd party providers.
Fee for buying Ethereum Network fee, if Done via DEX – depends on the liquidity pool.
Top 3 features
  • NFT Integration
  • In-built DEX
  • Market Insights

Pros

  • Market Insights On Upcoming Tokens
  • Multi-Chain Support
  • Strong Security Measures
  • In-built DEX & NFT Integration

Cons

  • Only a mobile version is available to download. (A browser extension will launch soon.)

2. Exodus — Best ETH wallet for beginners

Exodus is the best ETH wallet for beginners that, besides ethereum, supports 300+ cryptocurrencies and 50+ networks. This is also the most secure ethereum wallet because it’s integrated with Trezor’s hardware wallet. I.e., it keeps the private keys of its users offline and utilizes additional security options, such as PIN protection, biometric authentication, and 2FA. In addition to that, Exodus supports privacy coins like Monero ZCash, which makes it a very flexible wallet.

best ethereum wallets exodus

Traders can use its built-in swap option to trade ETH on 16 networks, such as BSC, OP, ARB1, and base. They can also earn passive income by staking ethereum for a minimum of 0.1 ETH. Exodus can be connected to Lido, which means that ETH holders can keep 90% of staking rewards.

This non-custodial Web 3 wallet has an intuitive interface. Its setup process is straightforward, and there is no need for KYC verification. Its dashboard includes a balance overview, real-time market data, and price alerts.

Exodus is also available on desktop and mobile devices, and it regularly adds new features and updates.

Type of Wallet Non-custodial 
Fee Structure Fee for sending crypto, depending on the network
Fee for buying Ethereum Depending on the payment option
Top 3 features
  • Supports 300+ digital assets and 50+ networks
  • Built-in swap option
  • Available for desktop and mobile devices as well as a browser extension

Pros

  • Trade ETH on 16 networks
  • Stake ethereum for a minimum of 0.1 ETH
  • No need for KYC verification
  • Integrated with Trezor’s hardware wallet

Cons

  • Debit/credit card fees for buying crypto go up to 5.45%

3. Zengo — Safest non-custodial wallet for ethereum

Next on our best ethereum wallets list, we have Zengo, a non-custodial wallet that supports over 120 digital coins, as well as ERC-20 tokens, like Axie Infinity and Chainlink, and ethereum NFTs.

In addition to that, Zengo uses MPC technology, which makes it the safest ethereum wallet. Namely, MPC enables the creation of a key management system that won’t have a single point of failure. This makes MPC wallets resistant to private key theft. MPC wallets are also chain-agnostic, i.e., they work with multiple blockchains. Its other security features include facial recognition software and 3FA recovery.

best ethereum wallet Zengo

Zengo users can buy and sell ETH using credit cards, SEPA, Apple Pay, Google Pay, and MoonPay. They can also stake ETH and earn up to 8% p/a. There are no lock-up periods, and the yield is automatically reinvested. 

This platform is available in over 188 regions, and it has over 1 million customers. It’s suitable for both beginners and advanced traders. The Zengo Pro subscription utilizes advanced self-custody tools. On that note, Zengo Pro users can use the Legacy Transfer feature to transfer their ownership and the Theft Protection feature to customize their biometric confirmation.

Type of Wallet Non-custodial 
Fee Structure Fee for sending and swapping crypto, depending on the network 
Fee for buying Ethereum $2-$6
Top 3 features
  • Trade ETH directly within the wallet
  • No lock-up periods for staking ETH, up to 8% p/a
  • Supports ethereum NFTs

Pros

  • MPC technology and 3FA recovery
  • Zengo Pro subscription offers advanced self-custody tools
  • Chain-agnostic wallet
  • Suitable for beginners and advanced traders

Cons

  • You have to pay to use the Zengo Pro version

4. Elllipal — Best hardware wallet for storing ETH

Ellipal was featured on Forbes’s top ethereum wallets list twice due to its security aspects and a large number of supported coins. That said, Ellipal is one of the best crypto cold wallets that use air-gapped security. This means that instead of connecting to the Internet, Ellipal uses a QR code scanning camera to conduct transactions. It also uses dual-layer defense, anti-disassembly, and anti-tamper technology.

best ethereum wallets Illipal

Moreover, Ellipal is one of the few hardware wallets that have CC EAL5+ certification, which means that it has passed the highest level of security.

Ellipal supports 41 blockchains and 10,000+ tokens, and it can be connected to over 50 NFT marketplaces. It has a beginner-friendly interface and it features a touchscreen. Traders can sync their cold wallet with Ellipal’s native app to access dApps and buy ETH via third-party providers. They can also connect their wallet to DeFi apps, such as Uniswap, to swap ETH. What’s best, the app can be used as a hot wallet. This means that its users will be able to trade ETH directly from the app.

Type of Wallet Non-custodial 
Fee Structure Standard network fees
Fee for buying Ethereum Depends on the third-party provider
Top 3 features
  • Air-gapped cold wallet
  • Large touchscreen
  • Its app can be used as a hot wallet 

Pros

  • Fully air-gapped 
  • Supports 10,000+ tokens and 41 blockchains
  • CC EAL5+ certification
  • Anti-disassembly and anti-tamper technology 

Cons

  • No ETH staking option

5. Ledger  — Reputable hardware ethereum wallet with the best app

What wallet do I need for Ethereum? The one that offers the best app, such as Ledger. Ledger is one of the leading names in the crypto hardware wallet industry. This non-custodial cold wallet supports 5,500 coins and is compatible with Android, iOS, Windows, macOS, and Linux devices. Traders can use the Ledger Live app to manage their portfolio, trade and swap ETH, and access dApps and NFT marketplaces.

best ethereum wallets Ledger

Unlike standard apps, the Ledger Live app keeps users’ data on their phones. This means that they won’t be required to sign in every time they use the app. The app is user-friendly and can be connected to the wallet via a USB cable.

Traders can use the app to buy ETH using multiple payment options, from credit/debit cards to bank transfers, Paypal, Ramp, and MoonPay. They can also earn passive income by staking their coins. For example, users who stake ETH with Kiln will earn an APY of up to 7%, while staking ETH on Lido offers an APY of 4%.

Type of Wallet Non-custodial  
Fee Structure Standard network fees
Fee for buying Ethereum 4.5% for credit/debit card payments, 1.7% for bank transfers
Top 3 features
  • Built-in staking tool for Ethereum
  • Purchase ETH directly from the Ledger Live app
  • Integration with dApps  

Pros

  • Its mobile app supports Bluetooth connection
  • Stores over 5,500 tokens
  • Built-in staking and NFT management 
  • Easy to use and set up

Cons

  • High debit/credit card fees

6. Trezor — Highly Secure Hardware Ethereum Wallet 

Like Ledger, Trezor is another leading company that designs and manufactures hardware Ethereum wallets. It supports over 1,000 digital assets, including Ethereum, Bitcoin, and other altcoins. Trezor offers two different models of Ethereum Bitcoin wallets.

Its latest version allows users to set the PIN and recovery phrase directly via the device. It also integrates additional security features such as U2F authentication, Shamir backup, password manager, and more. In addition to this, the Trezor model T also supports a micro SD card to encrypt the PIN of the device.

best ethereum wallets Trezor

For accessing Ethereum, users can utilize the Trezor Suite app which is available as a desktop and web version. Users can buy and exchange Ethereum and other digital currencies via a secure environment. As with Ledger, Trezor can also be connected to other software wallets such as MetaMask and Exodus.

Trezor has partnered with over 12 crypto exchanges to facilitate crypto investments, as such, the fees for buying Ethereum depend on the chosen service provider. Additionally, the Trezor Model T is costlier compared to the Ledger Nano X. It also lacks Bluetooth support, making it slightly less inconvenient.

Type of wallet Non-custodial hardware wallet
Fee structure Pay up to $280 for the device
Fee for buying Ethereum Depends on the third-party exchange
Top 3 features
  • High security
  • Shamir backup
  • Support for microSD card

Pros

  • Supports 1,000+ digital assets
  • Support for microSD
  • Buy, sell, and exchange Ethereum via Trezor Suite

Cons

  • No Bluetooth connectivity
  • Less convenient when compared to software wallets

7. Binance Wallet — Best ETH wallet for active traders

Binance Wallet is a native wallet of one of the most popular crypto exchanges – Binance. This non-custodial Web 3 wallet supports over 350 digital coins, yield farming, savings accounts, and dual investments. This makes it one of the best ETH wallets for active traders. Traders can also use it to access DeFI, CeFi, and Web 3 apps, and to connect to the Binance exchange and the best decentralized exchanges,like Uniswap and PancakeSwap.

best ethereum wallets Binance Wallet

Binance wallet is powered by MPC, and it has built-in risk tools, such as security alerts, wrong address protection, and malicious contract detection. In addition to that, the Binance Bridge option will enable traders to bridge listed and unlisted tokens from ETH to BNB Smart Chain.

And finally, Binance is the best wallet for ethereum stakers because it enables its holders to earn daily rewards in the form of WBETH. The staking option has a flexible exit policy, while stakeholders can earn an APR of up to 2.84%. Direct staking via the ethereum network requires a minimum of 32 ETH.

Type of Wallet Non-custodial  
Fee Structure Standard fee of 0.1% for regular users
Fee for buying Ethereum 1% card transaction fee 
Top 3 features
  • Connects to the Binance exchange and other popular DEXs
  • ETH stakers can earn daily rewards in the form of WBETH 
  • Traders can bridge listed and unlisted tokens from ETH to BNB Smart Chain

Pros

  • Ideal for active traders
  • Gives access to DeFI, CeFi, and Web 3 apps
  • Powered by MPC
  • Built-in exchange functionality

Cons

  • A bit complex for beginners 

Top Ethereum Wallets Compared

The table below offers a summary of the top features offered by the best Ethereum wallets we discussed above.

Type of wallet Pricing system Free to buy Ethereum Top 3 features
Exodus Non-Custodial Fee for sending crypto, depending on the network Depending on the payment option Supports 300+ digital assets and 50+ networks, built-in swap option, available for desktop and mobile devices
Zengo Non-Custodial Fee for sending and swapping crypto, depending on the network  $2-$6 Trade ETH directly within the wallet, no lock-up periods for staking ETH, supports ethereum NFTs
Ellipal  Non-Custodial Standard network fees Depends on the third-party provider Air-gapped cold wallet, large touchscreen, its app can be used as a hot wallet
Ledger Non-Custodial Standard network fees 4.5% for credit/debit card payments, 1.7% for bank transfers Built-in staking tool for Ethereum,

purchase ETH directly from the Ledger Live app,

integration with dApps

Trezor Non-Custodial  Up to $280 for the device Depends on the chosen crypto exchange High security, Shamir backup, support for microSD card
Binance Wallet Non-Custodial Standard fee of 0.1% for regular users 1% card transaction fee  Connects to the Binance exchange and other popular DEXs, ETH stakers can earn daily rewards in the form of WBETH , traders can bridge listed and unlisted tokens from ETH to BNB Smart Chain

How Do Ethereum Wallets Work?

Ethereum wallets are described as applications that can hold ETH tokens. However, technically, digital currencies such as Ethereum are not ‘stored’ in a wallet. Instead, they are always held on the blockchain.

Ethereum wallets connect directly to these blockchain nodes and provide information about the ETH tokens.

Anyone who holds public keys to an Ethereum wallet can send assets to that address. However, to send or swap Ethereum on the address, users will need access to the private keys.

This is why it is important to make sure that the private keys to the wallet are always safe.

Why You Need an Ethereum Wallet

The Ethereum ecosystem is growing by leaps and bounds. It has enabled the building of decentralized applications in different sectors, including finance, gaming, collectibles, and more.

Given this popularity, more and more individuals are looking to invest in this digital asset.

  • However, it is important to consider how ETH tokens need to be stored before purchasing them.
  • For instance, when buying Ethereum from a regulated broker, users need not concern themselves about choosing an ETH wallet app.
  • Instead, this secure platform will add the Ethereum tokens directly to the user’s brokerage account.
  • That being said, if individuals are using an unregulated crypto exchange, it would be best to store ETH tokens in some of the most secure Ethereum wallets like Best Wallet instead.

Depending on personal requirements, one can choose between hardware and software wallets for this purpose. We cover the different types of ETH wallets in detail further down this guide.

How to Choose the Best Ethereum Wallet for You

Finding the best Ethereum wallet can be tedious, given the number of choices out there.

To choose the right provider from our Ethereum wallet list, we suggest that you consider the following parameters.

Security

When choosing the best Ethereum wallet, it is necessary to consider the provider’s reputation. After all, if a wallet provider has set up an established name for itself, this should indicate that it offers a secure, yet reliable service.

Type of Wallet

Earlier in the guide, we discussed the different types of Ethereum wallets available.

One common mistake made by beginners is not understanding how different types of wallets function, especially when choosing software storage for Ethereum.

For instance, when using a non-custodial software wallet such as Coinbase and MetaMask, one should take utmost care about the recovery phase – which will be displayed when setting up the wallet.

Supported Coins

Ethereum wallets are designed to hold ETH tokens. That being said, the best Ethereum wallets are compatible with other networks, allowing users to store alternative digital currencies.

Mobile Experience

The ease of using an Ethereum wallet app should also be given some thought. While a hardware Ethereum wallet can be highly secure, they are also less convenient when compared to its software counterpart.

And among software Ethereum wallets, the user experience varies vastly from one provider to another.

How to Get an Ethereum Wallet 

Now that we have covered the basics, let us get into the details of how to get an Ethereum wallet.

This section includes a step-by-step guide on setting up an Ethereum wallet with one of the best crypto exchanges — Best Wallet.

Step 1 — Get the App

Navigate to the Play Store on Android or the App Store on iOS. Search for “Best Wallet” and click the ‘download’ button. You can get the app for free.

Best Wallet - Download

Step 2 — Create an Account

After installing the app, open it to start setting it up. To sign up, you have two choices:

  • Type in an email address.
  • ‘Continue with Apple/Google’ lets you link an email to your computer and have it filled in automatically.

Best Wallet - Login

Step 3 — Take Steps to Protect Your Account

After you register, you’ll be asked to make your account safer. Setting up Two-Factor Authentication (2FA) is strongly suggested but not required. Every time you log in, this will send a six-digit code to your phone. Also, you have to set a four-digit PIN. For more ease, you can also use your fingerprint to log in.

Best Wallet

Step 4 — Explore the Features

After making sure the account is safe, you can use the app as you please:

  • Token Updates: Find out about new and popular digital tokens.
  • Decentralized Trading: You can trade different cryptos on the built-in DEX app.
  • Third-Party Purchases: You can get coins through the app using other apps.

Best Wallet

Conclusion

Our guide has compared the best Ethereum wallets — in terms of security, supported coins, convenience, features, and more.

To get started with the best Ethereum app today, visit Best Wallet and sign up as a user. This platform offers unique features like NFT and DEX integration alongside exclusive market insights on upcoming tokens.

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