Compiled List of Best ERC20 Wallets | 2020 Edition

ERC20 tokens are used exclusively on the Ethereum platform. The term ERC20 stands for “Ethereum Request for Comments” and 20 is a unique ID number that is used to distinguish the token standard from other tokens. The ERC20 tokens follow a list of rules and regulations on the Ethereum platform. An ERC20 compliant token or smart contract brings certain benefits to its users. There are few wallets supporting

ERC20 tokens which make it difficult to choose the best ERC20 wallets for you.

The Ethereum Blockchain supports more than 550 ERC20 compliant coins and smart contracts, so one needs to be really diligent and careful while choosing their wallet for storing ERC20 coins.

Points to remember while choosing your ERC20 wallet:

The wallet should support ERC20 Token Standard.

Control over private keys of the wallet.

The user interface should be easy and simple to use.

Check the security features.

A 24/7 Support team in case there is any problem.

An active community for further development of the wallet.

List of Best ERC20 Wallets:

Let us now look into some of the best ERC20 wallets for Ethereum Tokens:

MetaMask

MetaMask is a web browser extension and is completely free to use. It allows you to stor, send, receive and also manage your ERC20 coins. However, it can be used along with Ledger Nano S and it also gives users the ability to import/export wallet. Users have full control of the private keys of the wallet. Users can smoothly switch between their own network browsers and the Ethereum network. Users can also access DApps and smart contracts securely through this wallet. Now available for download on Android & Apple stores.

Trust Wallet

Trust wallet — best for ERC20 tokens, is a mobile wallet. It supports ERC20 coins as well as ERC223 tokens as well. Users here need not worry about security as all their private keys are stored locally. It supports multiple coins like Ethereum, Ethereum Classic, EOS, Callisto, Otum, BAT, Augur, and other ERC20 coins. You can also connect with other DApps through this wallet. Trust has also partnered with the Kyber network that allows it to trade with other exchanges.

Ledger Nano-S Hardware Wallet

Ledger Nano S is a hardware wallet that can easily be plugged into any USB port. It supports multiple coins and tokens. It has an OLED screen and a side button on the device. You can use the button to view and check all your transactions and your balance in the wallet. It is backed by a great support team and is constantly under development and will include more currencies in the future. The security features are quite strong in Ledger Nano. It is secured by pass phrase, PIN codes, and seed keys that make it one of the most popular and secured wallets in the ERC20 platform.

Ledger Nano x hardware wallet

Ledger Nano X is an upgraded version of Nano S wallet with few extra features. It has a USB type C port instead of a micro USB connectivity slot. It is equipped with Bluetooth for easy connection with your mobile device. There is also a minor change in the physical buttons available on the device.

Trezor

Trezor model is another hardware wallet and is one of the oldest wallets that are active so far. It contains an OLED screen and the user interface is very simple. Trezor has a very unique sleek design and has touch buttons and a magnetic dock that gives a safe hold to the wallet. Users need to store its 12-digit passphrase as a backup for future references, loss or damage of the device. The wallet has seed keys, PIN code protection and passphrase features that make the wallet extremely secure. Trezor is slightly costlier than Ledger and costs around $110 and it comes in three different colors white, grey and black.

MyEtherWallet (MEW)

MyEtherWallet is an open-source web wallet and its user interface is very easy to use. It is completely secure as it is an offline wallet and it stores no personal information or data of its user in its server. Users have full control of its private keys and hence it is very secure. MEW is a hot wallet so it is recommended not to store large amounts in this wallet. However, it can be used along with Ledger Nano S and in that case; it comes completely secure and can store bigger amounts of funds. MyEtherWallet can also be used to store coins on Trezor and Ledger Nano through its web browser.

Blockchain.com (not recommended)

The Blockchain Wallet, founded in 2012, is the world’s most popular crypto wallet with over 53M+ users. The Blockchain Wallet is non-custodial, which means that only YOU control access to your crypto and private keys.

The Blockchain Wallet enables you to buy, sell, send, receive, earn interest, store, exchange, and swap between cryptocurrencies without ever having to leave the security of your wallet.

Supported Cryptocurrencies:

Bitcoin (BTC),Ethereum (ETH),Bitcoin Cash (BCH),Stellar (XLM),ALGO (Algorand),USDT(Tether),USD Paxos Standard (PAX),USD — LEND,USDT — LEND,USD — YFI,USDT — YFI

Features:

• Send Bitcoin, Ethereum, Bitcoin Cash, Stellar, Algorand, Tether, and USD PAX instantly to anyone in the world
• Seamlessly buy and sell Bitcoin in 36 countries and exchange one crypto for another with live, best-in-class exchange rates from the safety of your wallet.
• Only you have access to your private keys and your crypto.
• Set 4-digit-pin or biometrically authenticate
• Keep the bad guys out with advanced Two-Factor Authentication
• Simplified backup and recovery with your unique 12-word backup phrase.
• Hierarchical deterministic address architecture for increased transaction privacy

NOTE: Why I personally don’t recommend it, is simply because if the erc -20 you store on the Blockchain App is not supported by the App you will not have the access to move out such token, you either export the wallet to metamask before you get access to this unsupported tokens.

Coinbase Wallet — Crypto Wallet & DApp Browser

Coinbase Wallet is a mobile crypto wallet and Web 3 DApp browser. Wallet makes it easy for you to securely store, send and receive Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Ether Classic (ETC), Litecoin (LTC), XRP, and Ethereum-based ERC20 tokens. It also allows you to interact with Web 3 decentralized applications (DApps) powered by Ethereum.

Coinbase Wallet combines several powerful capabilities:

• SECURE USER-CONTROLLED CRYPTO WALLET — securely store, send and receive Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Ether Classic (ETC), Litecoin (LTC), XRP and ERC20 tokens, and ERC721 collectibles. You remain in control of your private keys, which are stored only on your device using Secure Element technology.

• WEB 3 DAPP BROWSER — Access Web 3 Decentralized Applications (DApps) powered by Ethereum smart contracts. Discover and access popular DApps.

CoinBox Wallet

CoinBox positions itself as a cloud-based mobile and desktop cryptocurrency storage and exchange app with a focus on security, speed, and convenience. In addition to the top 100 cryptocurrencies, including the most popular ones, like Bitcoin, Ethereum, XRP and others, CoinBox also supports any ERC20 tokens. This platform creates comfortable conditions for carrying out any operations with cryptocurrency and monitoring the prices of all cryptocurrencies and tokens. The service is ideal for buying, selling, exchanging and storing coins without any restrictions and limits. In addition to being available on iOS and Android, customers can use it from the browser.

Atomic Wallet

Atomic wallet is a desktop wallet. It is one of the best wallets by far as it supports all ERC20 coins. Users have full control of their private keys and seeds as all of them are stored in the device itself and none is shared in the browser or server. Users are still advised to safely store their seed passphrase for future use. The Atomic Wallet is available in Android phones as well. The iOS version will soon be launched. Another unique feature of Atomic Wallet is that it has its own official token called the AWC.

Coinomi

Coinomi is a mobile wallet. It is a multicurrency wallet and supports forked coins. Coinomi also supports the ERC20 coins and is backed by a very good community of developers. It stores all your private keys securely within the wallet itself and you have full control of your funds. It is an HD wallet protected by a PIN code, a seed code, and a passphrase feature. However, you have to activate its token feature by adding your set of tokens. You can download the Coinomi App into your Android phones. The iOS version will be launched soon.

Lumi Wallet

Lumi wallet Launched in 2017, it is an easy to use cryptocurrency wallet suitable for new and experienced users. Lumi wallet is a hierarchical deterministic wallet that uses a 12-word master seed key. This wallet is available for the web as well as a mobile platform supporting Android and iOS. Lumi wallet is a multi-coin wallet that supports Bitcoin Ethereum Bitcoin Cash, EOS and ERC20 tokens. Users can exchange their tokens within Lumi wallet as it has built-in Changelly exchange.

MyCrypto

mycrypto wallet — Top ERC20 Wallets for Ethereum tokens MyCrypto wallet allows complete control of your private keys and you are in full control of your funds. It never stores personal data, passwords, or private keys. MyCrypto is completely free and there are no transaction fees. You can run MyCrypto from your computer without an internet connection. Users are advised to keep a record or backup of their private keys in case of any loss or misplacement.

Parity

Another popular wallet for your crypto coins is the Parity wallet. It is a desktop wallet. It is also a full-node wallet and is available for Windows, Ubuntu, Docker as well as OSX. It has a GUI based web browser that allows its users to access DApps. Parity also hopes to support ERC223 coins in the near future.

Mist

Mist is often considered as the official wallet of Ethereum as it is backed and developed by the developers of the Ethereum Blockchain. Mist is a desktop wallet and it has a built-in Shape-Shift trading feature that allows its users to exchange their tokens easily from their wallet. It is, in fact, one of the most secure wallets with an added multi-signature feature.

Guarda Wallet

Guarda is a multi-currency non-custodial wallet offering support for Ethereum and Ethereum-based tokens. ERC20 token storages are available on a variety of platforms — Web, Desktop, Chrome Extension and Mobile (iOS and Android). As Guarda is a custody-free service, the users have full control over their funds — the private keys are never shared with any third parties. Besides offering secure and cross-platform ERC20 token management, Guarda allows users to exchange tokens with a built-in swap service and even create their own ERC20 with an additional service — Guarda Token Generator.

The list of default ERC20 tokens is available under Ethereum wallet “Token” section; users can also add token wallets by pasting the smart contract address.

Some of the key features of ERC20 token wallets on Guarda are:

Secure backup encryption and custody-free storage policy

Built-in purchase and exchange services

Wide range of supported cryptocurrencies

Cross-platform operations — all the wallets are easily synced across available versions

Currency-specific features of supported coins

Ledger Nano S integration

Eidoo

Eidoo wallet is a multicurrency light wallet that supports ETH, ERC20 as well as ERC223 tokens. Eidoo was initially launched as a mobile wallet for Android and iOS phones, but now it is also available as a desktop app as well. It will soon launch its hybrid exchange where users can exchange tokens with very minimum fees. Eidoo also plans to launch some new features in the future like DApps, an exchange marketplace and also a cryptocurrency debit card. Eidoo is completely free to use and can be downloaded into your desktop from the Eidoo website and to your mobile phones from Google Play.

Enjin Wallet

Enjin wallet is a multicurrency wallet that supports ENJ, BTC, ETH, LTC, ERC20, ERC721, and ERC1155 tokens. It is a mobile wallet available for Android and iOS.

ImToken Wallet

ImToken is the largest Ethereum asset wallet, with approx 6M users. Users can store ETH as well as ERC20 tokens to the wallet. It is multichain wallet support another chain-like EOS as well. It also has built-in exchange. ImToken wallet is available for Android and iOS Users.

Exodus

Exodus is a popular and secure desktop wallet. It has a cool portfolio feature where users can track their crypto holding. It supports ERC20 tokens and also equipped with Shapeshift instant exchange.

Jaxx

Jaxx is another popular and secure mobile and desktop wallet like Exodus. It supports multi-chain coins including ERC20 tokens.

Bread (BRD) wallet

Bread wallet is a crypto wallet available for Android and iOS. It supports major crypto coins like Bitcoin, BCH, ETH including ERC20 token support. BRD app provides a paper key of 12 words to recover your wallet.

KeepKey

KeepKey is a secure multi-coin hardware wallet. You can connect it to your PC with a USB cable. It supports multi-chain cryptocurrencies including ERC20 token support. KeepKey wallet is also having the capability of generating multiple Pvt. Keys.