6 Diffrent ways to store your Ethereum

1. Ledger Nano S
The Ledger Nano S is one of the most inexpensive Ethereum hardware wallets available ($65). Here, Ether is stored offline on the device. Whenever you want to spend Ether, Ledger signs it using the private key stored on the device. You can store both ETH & ETC. Harsh has made few videos guide about Ledger Nano S that you must check out. This will help you to learn everything about Ledger Nano S.
The best thing about the Ledger Nano S is that it comes with a small OLED screen which allows you to control your transactions. The security is so robust that you can use your Nano S device even on a hacked computer.

2. Trezor
Trezor was the first hardware wallet invented for Bitcoin. However, now Trezor can be used for Ethereum too with the MyEtherWallet web interface.
It also stores Ether offline on a secure electronic chip which can be activated only when you log in with your password.
It is a very light and portable device.

3. Exodus
Exodus is the world’s first multi-cryptocurrency desktop wallet. It is free to use and has an attractive UI. As soon as you open the Exodus wallet, a pie chart will show your entire portfolio of coins.

It supports seven cryptocurrencies (including Ethereum), and is the first desktop wallet to have ShapeShift built in for exchanging cryptocurrencies.

However, while using Exodus, one needs to always be connected to the internet, but you need not worry as your private keys never leave your machine.

Features like one-click email recovery and backup seed keys for restoring your wallet ensure the security of your funds.

4. Jaxx
Jaxx is a multi-asset wallet created by the Canada-based company, Decentral. It supports 13 cryptocurrencies (including ETH) and has an elegant design with robust security features.

On Jaxx, private keys never leave the device, and features like seed keys enable you to restore your funds whenever required.

It has an amazing development community which looks after innovation and maintenance of the product.

Supported Platforms Desktop (Windows, Mac OS, Linux), Extension (Chrome, Firefox), Mobile/Tablet (Apple, Android)
Privacy No registration or personal information needed
Smart Contracts Support Yes
Jaxx wallet is available for Android, iOS, Mac OS, Windows, Linux. They are also launching hardware wallet in coming months.

5. MetaMask
Metamask is like a browser to access the Ethereum network. It not only enables you to store and send Ethereum, but also allows you to access decentralized Ethereum apps.

It has an intuitive design where you can switch quickly between a test network and the main Ethereum network. Here is a video showcasing how MetaMask works:
The private keys are password encrypted and are stored on your machine, which you can export at any time.

6. MyEtherWallet
MyEtherWallet is a web wallet but different from other traditional web wallets.

Why? Because unlike other web wallets, here you control Ethereum’s private key on your machine.

It is an open-source wallet, with no third-party servers, where you can write and access smart contracts. Harsh has written an article about this here. It has an inbuilt BTC to ETH (and vice-versa) swap facility. You can also connect your Trezor or Ledger Nano S to access your funds in MyEther’s browser environment.

Leave a Reply

Your email address will not be published. Required fields are marked *