Which Ethereum Wallet is Best?

Previously, we highlighted a few solid wallet options for keeping your Bitcoin and EOS safe and sound. And almost unwittingly, we ended up writing a series of articles on the best crypto wallets that have cornered the market. So it’s only natural that we now draw a bottom line with a review that explores the best Ethereum wallets one might want to use in 2019.

Additionally, in this article, we want to share some words of wisdom, answering a few burning questions on ETH wallets.

Are Ethereum wallets safe?

On a global scale, crypto wallets can be divided into two groups: custodial and non-custodial (also known as client-side). The crucial difference between those two depends on who holds the private keys.

Custodial wallets might seem pretty easy to deal with, conveniently releasing you from the burden of dealing with the responsibility of protecting your funds. On the other hand, it means that you willingly give up control and rely on somebody else. In essence, it’s not that different from the good old banking system.

And then there are client-side wallets which means that you control the private keys and look after your safety yourself. Considering that protecting your device from malware and taking basic security measures should be a part of your routine anyway, the choice is hardly a tough call.

How to use a paper wallet Ethereum?

A paper wallet is basically an Ethereum wallet address printed on a piece of paper together with a private key. First, you need to create an account on a trusted platform like MyEtherWallet, download a Keystore file that encrypts a private key, save the private key, and print the paper wallet.

It will contain all the info you might need such as public key and private key. Just make sure you don’t lose it as your funds could be lost forever. You can check your funds on Etherscan, use the address from the paper to receive funds, and send ETH via MyEtherWallet.

So if you don’t believe that online Ethereum wallets can be safe and you’re used to depending solely on yourself, this is definitely your option. Luckily for others, there are plenty of more convenient and secure alternatives.

Can I use the same wallet for Bitcoin and Ethereum?

These days, most wallets allow their users to work with multiple cryptocurrencies. You can use all the ETH wallets we’re going to mention below (apart from MyEtherWallet) to manage your BTC.

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