13 Best Ethereum Wallets for 2023

Best Ethereum Wallets

In recent years, Ethereum has been one of the most notable blockchain ecosystems in the cryptocurrency space – and the year 2023 promises to be even more exceptional than the previous years. This community-run blockchain allows you to interact with Ethereum’s native token (ETH), numerous ERC-20 coins, and a variety of decentralized applications (dApps).

To explore the Ethereum blockchain and trade and store ETH and other Ethereum-based tokens, you will need an Ethereum wallet. This digital wallet gives you access to your Ethereum balance and various dApps, such as decentralized finance (DeFi) protocols, play-to-earn (P2E) games, decentralized exchanges (DEXs), and NFT marketplaces.

There are several Ethereum wallets with different features on the market today. As a result, it can be challenging to select a wallet for your crypto storage needs. For this reason, we’ve curated a list of the best Ethereum wallets, highlighting their major features, advantages, and potential downsides of each.

Best Ethereum Wallets

1. Metamask

Best Ethereum wallet for dApps

metamask wallet

When it comes to the best Ethereum wallets, Metamask might just be the cream of the crop. It is the most widely-used Ethereum wallet in the crypto world. Although it began as an extension on various browsers, like Google Chrome, Opera, and Firefox, Metamask is now available as a mobile app.

Metamask is a hot wallet that operates like a hub to access the Ethereum network. It allows you to store and send Ethereum tokens while also providing you access to thousands of dApps on the Ethereum network. With the wallet’s intuitive design, you can conveniently alternate between the Ethereum network and other supported layer-1 and layer-2 solutions.

Read more: 

If you’re interested in learning more about other wallets similar to MetaMask, then you can read our guide to the best MetaMask alternatives.

Features

  • Key vault secure login
  • In-built DEX for token swaps
  • Web wallet for Firefox, Chrome, Opera, and Brave
  • Mobile wallet for Andriod and IOS
  • Liquid ETH staking

Pros

  • No KYC or personal information needed to set up
  • #1 for dApp support across Ethereum
  • Support for EMV-compatible chains
  • Can create multiple Ethereum accounts
  • Compatible with Ethereum hardware wallets

Cons

  • Prone to attacks due to it being a hot wallet
  • Limited blockchain support (No support for Bitcoin or Solana)

2. Ledger Nano X

Best Ethereum wallet for cold storage

ledger wallet

Ledger Nano X is the most popular Ethereum wallet when it comes to cold storage, keeping your keys (and crypto) stored offline. 

The Ledger is a physical hardware wallet, which differs from the traditional software wallet like MetaMask, which can just be downloaded and accessed online. 

With the ability able to store your assets offline, security is a major highlight. Using a Ledger can prevent cyber attacks and other exploits that you may come across when using a hot wallet.

You can also pair the Ledger Nano X with software wallets like MetaMask to gain access to dApps across Ethereum – so the only downside of getting one is the cost. 

Features

  • Multi-factor authentication
  • Bluetooth connectivity
  • USB-C cable
  • Offline key storage
  • Access to Ledger Live – buy, sell, swap crypto

Pros

  • Supports Ethereum and other numerous coins and tokens
  • Secure against online theft and fraud
  • Easy to use
  • Compatible with software wallets

Cons

  • Physical
  • Cost to purchase

3. Trezor Model T

Best Ethereum hardware wallet with Bitcoin support

trezor model t

Trezor is the first Bitcoin hardware wallet, but it is also considered one of the best Ethereum wallets around. 

Similar to Ledger, Trezor is a hardware wallet that keeps ETH – and other crypto tokens – on a secure electric chip, which only gets activated when the wallet owner enters their PIN.

One of the strongest features of the Trezor Model T is security. It has a PIN that is stored in the wallet, making it almost impossible for hackers to access your assets

The Trezor Model T wallet allows the storage of over a thousand cryptocurrencies, including Ethereum and Bitcoin.

Features

  • Super-secure offline storage
  • Supports 1000+ cryptocurrencies
  • Touchscreen

Pros

  • Easy to set up and use
  • Offers optimum security and privacy
  • Open-source firmware

Cons

  • Fairly expensive

4. Exodus

Best Ethereum wallet for device compatibility

exodus wallet

Exodus is one of the world’s first multi-cryptocurrency soft wallets and is an excellent choice for an Ethereum wallet, especially for beginners. After all, the desktop and mobile wallet is free to use and has an extremely simple user interface.

Exodus has also launched a new Web3 wallet that is compatible with dApps across Ethereum as well as Solana, BSC, and more. The browser-based wallet can be linked with the Exodus desktop and mobile wallets to make transferring and storing funds super simple.

Exodus features support for over 260 cryptocurrencies and comes with an in-built exchange, live charts, and portfolio management for the desktop and mobile versions.  

Exodus has also partnered with Trezor to bring secure storage to their platform, allowing users to securely store their assets offline. 

Features

  • Built-in portfolio and exchange function
  • Compatible with Trezor hardware wallet
  • Web3 wallet for dApps
  • Desktop, mobile, and browser compatible

Pros

  • Simple user interface
  • Supports a wide range of cryptocurrencies
  • Provides complete control of crypto assets
  • Excellent customer assistance

Cons

  • Absence of 2-factor authentication
  • Limited blockchain support

5. CEX.IO

Best custodial Ethereum wallet for beginners

cex wallet

CEX.IO is another top contender for the best Ethereum wallet – and is definitely one to look out for in 2023. If you’re in search of an all-in-one exchange and wallet, then look no further than CEX.IO. 

CEX is a trusted and secure crypto exchange that has an in-built multi-currency wallet to track and manage your Ethereum and other assets.

The CEX wallet allows you to buy and sell ERC20 cryptocurrencies without any hassle, offering a direct fiat-to-crypto onramp. Users of the wallet can purchase Ethereum-based tokens with MasterCard, Visa, or PayPal Debit MasterCard.

Another of the major highlights of the CEX wallet is its simple interface, enabling users to carry out their activities conveniently. The ERC20 wallet allows you to manage your crypto assets and monitor the changes in your portfolio easily. 

Security is another one of CEX’s strongest suits, providing a custodial wallet for your digital assets. You can set up a strong password and enable 2-factor authentication to reduce your wallet’s vulnerability to online hacks.

Features

  • Portfolio and trade function
  • Full crypto exchange 
  • Fiat onboarding
  • Downloadable reports displaying real-time balance and transaction history

Pros

  • Protection against DDOS attacks with the aid of full data encryption
  • Provides advanced order-matching algorithms

Cons

  • Does not support many tokens
  • Controlled by a third party (you do not hold your keys)

6. MyEtherWallet

Best Ethereum web wallet

mew wallet

MyEtherWallet (MEW) is a one-of-a-kind Ethereum web wallet that puts you in control of your private keys

It is an open-source, client-side interface that allows you to interact with the blockchain through the web via the Enkrypt browser extension, MEW mobile app, or any other third-party wallet. 

MEW is beginner-friendly and also supports hardware wallets such as Ledger and Trezor.

Furthermore, MyEtherWallet allows you to buy, swap, and send ETH, ERC20 tokens, and even NFT collectibles. The self-acclaimed “Ethereum’s original wallet” does not store funds or users’ personal data in its servers. 

That said, this wallet only supports a limited range of cryptocurrencies, such as ETH and other ERC20 tokens. 

Features

  • Swap function
  • Hardware wallet support
  • Paper wallets

Pros

  • Highly secure
  • Compatible with hardware wallets
  • Free to use

Cons

  • Limited coin support
  • Lack of customer support

7. Atomic 

Best Ethereum wallet for staking

atomic wallet

If you are a crypto amateur looking for a suitable Ethereum wallet, then Atomic Wallet should definitely be on your radar. 

Atomic is a decentralized crypto wallet for buying, staking, and exchanging. Atomic allows you to purchase, swap, and store cryptocurrencies such as Ethereum, Bitcoin, and XRP.

Atomic also has staking support for tons of tokens and comes fully equipt for NFTs

Atomic wallet is ideal for a beginner since you can directly trade crypto tokens via the wallet immediately after downloading it.

Security is one of Atomic Wallet’s best features, with a user-generated password and a secure 12-word backup recovery phrase.

Features

  • Buy, sell, stake, and swap
  • 12-word recovery phase
  • Customer support via live chat or email

Pros

  • Simple to use
  • Supports over 500 cryptocurrencies
  • Able to purchase crypto directly 

Cons

  • Does not support hardware wallet
  • Clunky UI
  • No dApp support

8. Rainbow Wallet

Best Ethereum wallet for user experience

rainbow wallet

If you’re all about a great user experience then Rainbow wallet is your go-to pick. 

Rainbow is particularly good for beginners looking to start their journey into Ethereum – thanks to its playful and enticing interface

Rainbow is targeted to those looking to get into DeFi and NFTs on Ethereum with support for thousands of dApps and integration with Ethereum Name Service (ENS) domains. 

Rainbow is a secure platform to store your assets, so long as you keep your private details and recovery phrase to yourself. In essence, this wallet is only as safe as you make it.

Rainbow is available to download as a mobile app on IOS and Android devices. 

Features

  • dApps 
  • Multiple wallets
  • iOS and Android support
  • Buy and swap directly within the app

Pros

  • Amazing user interface
  • Ethereum Naming Service allows simplified crypto addresses

Cons

  • Lack of web browser extension
  • Only supports Ethereum

9. Guarda

Best Ethereum wallet for account recovery

guarda wallet

Without a doubt, Guarda Wallet is one of the top multi-asset wallets to safely send, receive, and store Ethereum tokens and other Ethereum-based tokens. 

Guarda enables a smooth and secure interaction with the Ethereum blockchain and is available as both desktop and mobile applications, as well as a web interface where you can interact with Ethereum-based dApps.

Guarda is a non-custodial wallet, meaning that you are in full control of your funds and the private keys for safeguarding the wallet. 

Guarda implements robust security features to ensure that your holdings are not tampered with, making it one of the most secure options on the list

Features

  • Portfolio and exchange function
  • Simplified Payment Verification (SPV)
  • Customer service live chat
  • Supports desktop, mobile, and web use

Pros

  • Supports over 400,000 cryptocurrencies
  • Top-notch security
  • Exceptional customer service

Cons

  • Relatively high in-app purchase fees

10. Trust Wallet

Best Ethereum wallet for multi-asset support

trust wallet

Trust Wallet is a popular multi-asset wallet that supports over 4.5 million digital assets across 65+ blockchains, including Ethereum. 

Owned by Binance – the world’s biggest crypto exchange, this wallet allows you to trade, swap, and store cryptocurrencies, collect NFTs, and access dApps on the Ethereum network.

Trust Wallet is a non-custodial wallet, enabling users to retain control over holdings (tokens and NFTs) and private keys. 

In order to ensure the security of your wallet, you must keep your private keys safe. That said, you can further enhance the wallet’s security by enabling the Touch ID or Face ID feature on the mobile wallet app.

Trust wallet comes as a mobile app on both IOS and Android and has recently launched a browser extension for Chrome, Brave, Opera, and Edge.

Features

  • Supports over 4.5 million digital assets on 65+ blockchains
  • Android, IOS, and Browser compatibility
  • dApp browser extension
  • In-built swaps and staking for mobile app

Pros

  • Supports a diverse range of Ethereum-based coins
  • Easy to set up
  • 12 available staking options (BNB, TRX, LUNA, and more)
  • Non-custodial

Cons

  • Limited customer support
  • No hardware storage support
  • Browser extension has limited features

11. Argent

Best Ethereum wallet for low fees

argent wallet

Argent is a one-of-a-kind Ethereum wallet that uses a zkSync layer 2 scaling solution to reduce fees and increase transaction speeds.

Due to its smooth user interface, Argent is quite appealing to the wider crypto audience, especially newcomers. But that’s not all – this wallet is also highly rated by experienced crypto enthusiasts, as it offers a large range of advanced features such as staking, earning, in-app crypto purchasing, and token swaps.

Argent’s security is also pretty impressive, and you can trust the wallet to keep your digital assets safe.  

Argent is a non-custodial wallet, giving users full access to and control over their funds. Users can also set a daily transfer limit that helps reduce the amount of funds that can be stolen in case the wallet is hacked.

Features

  • Multi-signatures
  • Remote locking
  • Compatible with DeFi protocols
  • Hardware wallet support

Pros

  • Offers multiple layers of security 
  • Can be easily recovered

Cons

  • Only available as a mobile app

12. Coinbase Wallet

Best Ethereum wallet for NFTs

coinbase wallet

Coinbase is one of the world’s biggest cryptocurrency exchanges. But that’s not all – it offers one of the top Ethereum wallets that can be used for trading and storing Ethereum, ERC-20 tokens, and other cryptocurrencies. 

Coinbase provides users with a simple and secure way to access the Ethereum dApps and NFTs with an in-built browser and external connection support (like WalletConnect). 

Coinbase Wallet offers you full control over your coins, keys, and data, making it a secure choice for non-custodial enthusiasts. 

Features

  • Portfolio and exchange function
  • Support for more than 100,000 crypto assets
  • Available staking options

Pros

  • Easy to set up
  • Simple user interface 
  • Convenient transfer of assets

Cons

  • Limited NFT support

13. ZenGo

Best Ethereum wallet for security

zengo wallet

If you are concerned about the security of your ETH and Ethereum-based assets, ZenGo is one wallet to consider. 

Due to the lack of private key vulnerability, this wallet is regarded as one of the most secure non-custodial wallets in the crypto space. Instead of traditional private keys, ZenGo employs threshold signatures to generate two ‘mathematical secret shares’ – one on your device and the other on the wallet’s server.

With ZenGo, you can purchase and sell over 70 crypto assets directly within the mobile wallet app, with the added ability to access and store NFTs. 

Given its top-notch security and satisfactory customer service, ZenGo is considered a great option wallet for new crypto enthusiasts that enjoy an extra security boost

Features

  • NFT support
  • 24/7 Live Customer Service

Pros

  • Offers 3-factor authorization
  • Slick user interface
  • No private key vulnerability 

Cons

  • Limited range of cryptocurrencies

Frequently Asked Questions

Which is the best Ethereum Wallet? 

Quite frankly, there is no clear-cut answer to this question. This is because the best Ethereum wallet may vary from one individual to another, depending on what each person desires in a wallet.

Is there an official Ethereum wallet?

No, there is no official Ethereum wallet. Various wallets – from different developers – enable people to interact with their Ethereum account – or network. 

Is MetaMask the best wallet?

No, it is not the best wallet. While it is perfect for crypto beginners interested in only Ethereum, MetaMask may not be ideal for individuals interested in other cryptocurrencies.

Is there a free Ethereum wallet?

Yes, there are many Ethereum wallets available for free. Some of them include MetaMask, MyEtherWallet, and Trust Wallet.

What’s the best Ethereum wallet for OpenSea?

You can use different wallets on OpenSea. However, most users prefer MetaMask on desktop devices and Coinbase Wallet on mobile devices.

What’s the best Ethereum wallet for NFTs?

Although there is no designated best wallet for non-fungible tokens, MetaMask is the most widely-used Ethereum wallet for NFTs.

What’s the best Ethereum wallet for Android?

Trust Wallet, Guarda Wallet, Rainbow, and Argent are some of the best Ethereum wallets for Android devices.

What’s the best Ethereum wallet for iOS?

Trust Wallet, Guarda Wallet, Coinbase, and Rainbow are some of the best Ethereum wallets for iOS devices.

Conclusion

Choosing an Ethereum wallet for your portfolio can be a time-consuming process, especially when you consider the numerous options available to you.

Fortunately, we’ve simplified the process with the above list of the best Ethereum wallets in 2023. 

However, it’s recommended you still do your own research into each wallet’s features, benefits, and drawbacks in order to select a wallet that will meet your Ethereum needs.

Disclaimer
All articles published on Coinmash are strictly for informational purposes only. Coinmash has no involvement with any assets discussed and urges everyone to do their own research before making any financial decisions.

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