Wallets

What is a Wallet?

An Ether wallet is similar to an account. Resembling fiat currency bank accounts, they’re used for holding, storing, and transferring Ether. Wallet providers are entities that provide these wallets through a software application or other mechanism. Wallet providers give the user their public key which is their Ether address. The wallet also holds the user’s private keys, which allows the user to spend the Ether that’s allocated to the Ether address in the blockchain.

Ethereum wallet depiction
Ethereum is a decentralized, peer-to-peer system for everything!

Also similar to a fiat bank account, these wallet providers hold a user’s balance and provide storage and transaction security.

Which Wallet Do I Use?

Wallets can come in different forms such as a mobile wallet, a desktop wallet, stored on the web, or even on a tangible hardware wallet. To differentiate between the wallet forms, they are referred to by two terms: A Hot Storage Wallet and a Cold Storage Wallet.

A Hot Storage Wallet refers to a wallet that’s kept online. Hot Wallets are generally more vulnerable to hacking and theft due to internet access.

A Cold Storage Wallet refers to an offline wallet (something that’s not connected to the internet, and can be in a tangible form). Cold Wallets are intended to help protect the stored Ether against hacking and theft, due to the inaccessibility of the internet.

Exchanges may offer built in wallets with their services, however these wallets are typically Hot Storage Wallets. A user has the option to obtain Ether through a particular exchange of their choosing, then transfer their funds to a Cold Storage Wallet.

There are many Wallets available for virtual currency users, however listed below are purely wallets used for storing Ether.

Jaxx, formerly known as EthereumWallet, offers a wide variety of wallet platforms. Users can choose between a mobile or tablet app, an extension for Chrome or Firefox, and even a desktop platform. Jaxx suggests that their simple and easy interface works well for beginners to send and receive their funds, and users can easily sync all their devices together.

PlatformDesktop (Windows, Mac OS, Linux), Extension (Chrome, Firefox), Mobile/Tablet (Apple, Android)
Independent WalletNo
PrivacyNo personal information needed
SecurityLow (No 2FA)
User InterfaceYes
SupportsETH, ETC
View Wallet
Ledger Blue Logo

Ledger Blue

View Wallet

Ledger, which is known for its bitcoin cold storage, is providing users the capability to save their Ether on hardware. Using a pin to unlock this wallet, an EAL6 secure chip, users are able to backups their funds. With Ledger Blue, users can use this small handheld device to easily transfer their funds through USB, Bluetooth, or NFC (Near Field Communication). Geared more toward developers, users can check the open source code to contribute their input.

PlatformHardware
Independent WalletYes
PrivacyEncryption
Security2FA, Pin Number
User InterfaceYes
SupportsETH
View Wallet
Ledger Nano S Logo

Ledger Nano S

View Wallet

Ledger offers a small USB devices for Ether users. Users submit their pin into the small OLED to verify and validate their payments. The devices includes built-in apps for Bitcoin and Ethereum. However, users can choose to use third-party apps or build their own. For more convenience, Nano S users can sync their device to Ledger’s Google Chrome plug-in.

PlatformHardware; Extension (Chrome)
Independent WalletYes
PrivacyEncryption, Private keys never shared with third party
SecurityOffline Storage, Pin Number, Malware Proof
User InterfaceYes
SupportsETH, ETC
View Wallet
MyEtherWallet Logo

MyEtherWallet

View Wallet

MyEtherWallet operates as an open source Javascript client-side Ether wallet which allows users to create their own encrypted addresses to secure their funds. With the options of generating their own keys online and offline, users will know their funds are protected. Private keys can be sent to a Mist or Geth account for safe keeping. Users also have the choice to keep their Ether offline by transferring their funds to a paper wallet or JSON, CSV, or TXT file. No personal information is needed for this wallet and all funds are not stored online. This wallet also offers a Chrome extension for easier send and receive transactions.

PlatformPaper, Offline, Extension (Chrome)
Independent WalletYes. Open source Javascript client-side
PrivacyYes. No personal information needed
SecurityOffline storage
User InterfaceYes
SupportsETC
View Wallet
Coinbase Logo

Coinbase

View Wallet

Coinbase, One of Bitcoin’s most popular wallets now supports Ethereum. Its easy-to-use interface can make a novice buy/sell/trade like an expert. Users must add their bank account in order to purchase Ether. These transactions would take approximately 5 business days to complete. However, if a user needs Ether right away, they can add their credit or debit information for instant purchase. Coinbase’s mobile app makes it easier for those on the go. Price trends can be looked up while paying for coffee in Ether, and for those who worry about security, Coinbase offers a MultiSig Vault to safely secure their coins.

PlatformMobile, Desktop
Independent WalletNo
PrivacyEncryption
Security2FA, multi-signature
User InterfaceYes
SupportsETH
View Wallet
Classic Ether Wallet Logo

Classic Ether Wallet

View Wallet

Classic Ether Wallet forked from the original wallet, MyEtherWallet. This version still uses the open source Javascript client-side tool which allows users to have better control over their coins. Users can generate their own addresses by creating a strong password. Users will have to save their coins on their Mist wallet, a JSON file, or a paper wallet. Since the hard fork, there have been reports of replay attacks. Classic Ether Wallet will protect you from sending your coins to the wrong chain.

PlatformPaper, Offline, Extension (Chrome)
Independent WalletYes. Open source JavaScript client-side
PrivacyYes. No personal information needed
SecurityOffline storage
User InterfaceYes
SupportsETC
View Wallet
HolyTransaction Logo

HolyTransaction

View Wallet

The web-based wallet is known as a universal wallet with an instant exchange. Users can set up their wallets in minutes without the need for a bank account.

PlatformWeb
Independent WalletNo. Private keys stored by third party that can be easily accessed
PrivacyLow
Security2FA, Multi-signature
User InterfaceYes
SupportsETH
View Wallet
Geth - ETH

Geth - ETH

View Wallet

Geth is a wallet designed for programmers who want to mine ether, create contracts, and send transactions. Users can participate in the Ethereum Frontier live network. The wallet can be downloaded on Linux, Mac OS, and Windows. Geth also offers users with a developer’s guide where it highlights tips such as how to built from source.

PlatformFull Node
Independent WalletYes
PrivacyUp to the user’s design
SecurityUp to the user’s design
User InterfaceCommand Line
SupportsETH
View Wallet
Geth - ETC

Geth - ETC

View Wallet

Geth is a wallet designed for programmers who want to mine ether, create contracts, and send transactions. The wallet can be downloaded on Linux, Mac OS, and Windows. Geth also offers users with a developer’s guide where it highlights tips such as how to built from source.

PlatformFull Node
Independent WalletYes
PrivacyUp to the user’s design
SecurityUp to the user’s design
User InterfaceCommand Line
SupportsETC
View Wallet
EthAddress

EthAddress

View Wallet

EthAddress offers another paper wallet for users to handle. Running on an open source Javascript client-side, users can generate their own addresses. They have the options to choose a single address wallet, bulk addresses, and split wallets. Users can also choose a vanity wallet if they want to personally generate their own address.

PlatformPaper
Independent WalletYes
PrivacyNo personal information needed
SecurityOffline storage
User InterfaceNo
SupportsETH
View Wallet
Ethereum’s Mist

Ethereum’s Mist

View Wallet

Ethereum’s own wallet, Mist, grants users access to the world of decentralized applications. Through this wallet, users have the opportunity to “write, deploy, and use smart contracts”. Mist incorporates the “Shifty Button” from Shapeshift into its wallet making it easier for users to transfer any virtual currency into ether. To access this wallet, the user must download it onto their desktop. The downside is the download may take a while since the wallet has to sync with every node within the blockchain.

PlatformFull Node
Independent WalletYes
PrivacyNo personal information needed
SecurityMulti-signature
User InterfaceYes
SupportsETH
View Wallet
   

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