Ethereum was first launched in 2015. According to the inventor of Ethereum, he invents this cryptocurrency to improve the Bitcoin. This was invented by a 19-year-old student. In very short time, the price of Ethereum has increased. Today, it has been increased by 2900% from its launched price. If you are a little aware of digital currencies that are in trade online, you will find that Ethereum is second most popular and trading digital currency. The price of Ethereum is still low as compare to the Bitcoin but from other digital currencies, it is already reached at the top of them. That’ why the people who lost their faith in BTC (due to its very high price) perfect to invest in Ethereum. But sadly, it is not as easy as to invest in the Bitcoin.
The main problem which Ethereum investor faces is the Ethereum wallet. Yes, there are many reliable Ethereum wallets available which can be used to receive this currency, send, and exchange but finding a true reliable or best Ethereum wallet is not really easy until you try it by your own. Recently, I got the chance to test some of the self-claimed Ethereum wallets which are being used by the investors. I decided to share my reviews about them. So, that if you are one of them who is still looking for a reliable and best in services Ethereum wallets can get help.
The following reviews of best Ethereum wallets are based on the rank. The first wallet which I have ranked at number 1 is Ledger Nano S, the second one is the Coinpayment and third is MyEthereum Wallet. Let’s read more about their price, service charges, the commission fee, features and security they are offering to their users below:
Ledger Nano S: (Editor Choose)
Hard wallets for digital currency still something new for many of us. Even I have not believed in it until I found Ledger Nano S, a hard wallet which has been made for the digital currencies only, including Ethereum. The idea of this wallet is just amazing while they are offering those features over security, which you may not find anywhere else. That’s why I have decided to rank it at the top of my list of best Ethereum wallets. Yes, it is bit expensive as compare to others but in return, you are getting a life time solution and excellent features and security over your Ethereum.
Price of Ledger Nano S:
The price of Ledger Nano S wallet is 58 Euro which is almost $69 USD. which is indeed expensive wallet for Ethereum coins as compared to the others. But at the same time, you are getting totally different, unique and hard wallet for your digital currencies.
What is includes in a box?
The box will include more than just Ledger Nano S which works and look like a USB device. Other than this, you will also get the USB cable to connect your wallet to different devices like the computer. The other accessories, instructions and recovery sheet are also included in the box.
It is safe and secure:
Yes, it is a hardware Ethereum wallet and you have to take care of this wallet in the same way as you take care about your wallet. But other than this, the company offer you several other online security features to keep your Ethereum save from the thieves or in case you lost your wallet somewhere. To use the wallet for the transaction, you can secure it with a PIN code. This means that if someone tries to access your account, he or she needs to enter the PIN code to process.
Ledger Nano S Voted #1 Best Wallet For Cryptocurrencies in 2017
Ethereum is not the only coins which the Ledger Nano S allow you store in your wallet, but you can store multiple coins at a time in your.
Auto backup generated
To make it more secure for you, the device will automatically generate a backup of your wallet. In case if you lost your wallet somewhere, the up to dated backup will be available online on your account all the time. The recovery sheet can work with another compatible wallet or ledge device if you want to move to any other ledger device in future.
Use it more than just wallet
The wallet does not have a display screen but Ledger Nano S have it where you can use other companion apps too like cryptocurrencies wallets, SSH, U2F and your own customized applications etc.
Ledger Nano S Voted #1 Best Wallet For Cryptocurrencies in 2017
CoinPayments is one of the most popular web based wallet designed for the all major and minor digital currencies. The best thing of about this wallet which attracts me most was the low fee, easy to understand, simple to use and support multiple currencies on one platform. The number of features which CoinPayments offering over the wallet accounts is also great. Although, it is being accepted by a large number of online stores which means that you can use your Eheruem for online shopping purpose easily.
The CoinPayments does not charge you anything for creating an account on their website. Even the identity verification process is totally free. You will only be charged for your online transaction, when you use the wallet ID of CoinPayments to receive your coins in your wallet, use your Ethereum for online shopping and transfer to another network for investment purpose. The transaction cost is only 0.5% of the total transaction. The transaction fee does not increase the amount of Ethereums.
CoinPayments is using BitGo Instant to not only make your payment faster but also secure your Ethereum. The BitGo set a number of barriers to make it difficult for hackers to hack your wallet account. This technology also uses multi sig technology for further securities.
To make it easy for the users, CoinPayments comes up with mobile app solution. Whether you have Android, Windows or Apple Smartphone, CoinPayments work fine equally on all of their operating systems.
The best thing which makes this wallet best is the system behind it. Like other web based wallet, it does not allow you to create a wallet on their server or even you won’t have an option to create an account on MEW. But it allows you to create your own wallet on your browser which can be used on the hard wallet too. For the transaction, you can use their blockchain but for this, you need to broadcast your transaction first.
MyEthereum Wallet is free:
If you are looking for a free wallet for your Ethereum, then this is what you need to choose. No registration fee, no transaction fee and there is no commission fee at all. MEW is totally free because they are not providing you any server to host your wallet. They will only provide you a place to generate your own wallet for Ethereum.
Security! What security?
Remember, it is an open source system. They will create a file for you and you are the one who will save it in your browser or hard wallet. In short, they are not providing any security at all. It is you, who has to take care of this wallet. You can save it as a soft copy on your computer or any other digital device including hard wallet like Ledget Nano S.
MEW feature :
The main best feature of MEW is its cost which is zero and second, you will get the source file of your wallet and you are the one who has to take care of it. Chances of getting hacked or theft are almost zero until you share the password of your computer. This works in same way as your regular wallet.
Every wallet which has been designed for Ethereum comes up with different features but the purpose of three of them is same. The ledger nano s is a hard wallet which can be secured by you and the company through online wallet system where Coinpayment is a web based wallet whose security is the liability of the company. The MEW is an open source wallet which does not store on online server hence chances of getting hacked are almost zero. So, choose one of them wisely on the basis of a circumstance which suits you. (The ledger nano s is our recommend wallet)