7 of the Best Ethereum Wallets [The Ultimate List]- Blockgeeks
In this article, we are going to be reviewing the seven best Ethereum wallets of 2019. In this list, we will be dealing with a mix of hardware, desktop, mobile, and paper wallets. If you want a more in-depth explanation of these different wallet types, then check out the guide here.
Ethereum is one of the most critical projects in the cryptospace. Vitalik Buterin’s brainchild creates a decentralized internet, wherein developers from all over the world can develop their dApps. To power this platform, Ethereum fuels itself by using the native Ether (ETH) tokens.
Ether like Bitcoin and all other cryptocurrencies uses private and public keys for transactions instead of a bank account. The device/software which stores both these keys and allows you to send and receive Ether is called an Ethereum wallet.
7 of the Best Ethereum Wallets
#1 Ledger Nano S
Ledger Nano S is a widely-used hardware wallet developed by the French company Ledger. A hardware wallet is a type of cryptocurrency wallet where you can store your private keys in a secure physical device. At the heart of Ledger’s innovation lies a distinct operating system called BOLOS, which they integrate to a secure chip for their wallets.
The cryptocurrencies stores in the wallet are stored offline, so they can’t be hacked. If you are not that well-versed in coding and technical details, the hardware wallet is a great way to store the majority of your cryptos.
In terms of hardware, the Ledger Wallet Nano is a compact USB device based on a smart card. It is roughly the size of a small flash drive, measuring 39 x 13 x 4mm (1.53 x 0.51 x 0.16in) and weighing in at just 5.9g.
Ledger Nano S Package
Ledger Nano S comes in a neat little package which contains the following:
- Ledger Nano S
- 1 micro-USB cable
- Lanyard for wearing the device around the neck
- One keychain and a keyring
- Recovery sheet for writing down the seed keyword.
Activating Ledger Nano S
To activate the Nano S, you need to connect it to the computer via the USB cable. When you choose the option to create a new wallet, you will need to confirm the PIN code. You must remember the PIN code because you will need to remember it each time you connect your Nano S.
When you had opened the package, you’d find a piece of paper that looks like this:
These 24 words will be your private key. You will need to write down your words in the same order that they are given to you. In case you ever forget your pin, in order to recover your wallet, they will ask you questions like:
“Enter the 17th word in your recovery sheet.”
Ledger Nano S Supported Coins