Six Most Popular Ethereum Wallets

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06.07.2016

While until recently Ethereum users could lament that their ecosystem lacked simple and convenient wallets, now the selection has definitely expanded. Still, the more the choice is, the harder it is to find what suits you best. ForkLog has compiled an overview for six most popular Ethereum wallets.

Mist

Any crypto-project has its own standard implementation and default wallet, and Ethereum is no exception here. Ethereum Foundation that supports the project has created Mist, an Ethereum browser capable of acting like a standard means of storing ETH and interacting with smart contracts.

Still, one shouldn’t forget that currently Mist isn’t quite ready to serve as a full-fledged decentralized app, as it’s still undergoing beta testing. You will have to install it on your HDD with blockchain syncing that takes a while. Additionally, you’ll need basic coding skills. The latest recommended version 0.7.6 (Beta 20) with vulnerabilities removed was released June 26. It’s available on Ethereum’s official site and at GitHub.

The final release of Mist is expected to coincide with the next version of Ethereum protocol titled Metropolis. Anyways, even though developers issued some warnings, Mist is quite good for storing ETH and other cryptoassets on Ethereum blockchain, as well as for deploying and using smart contracts. Additionally, Mist is integrated with ShapeShift, which enables the fast exchange of ETH for BTC and vice versa.

Newbies should pay some attention to the fact that Mist implies the difference between Account and Wallet. Both the account and the wallet may store coins. Account, however, implies a standard and BTC user-friendly method of storing private and public keys, while Wallet is a smart contract controlled by one or several accounts.

Disadvantages of the wallet include the interface that may confuse newbies, and absence of mobile version (Mist is currently available for Windows, Linux and OS X).

MyEtherWallet

If for some reason you don’t want software installed on your computer and don’t welcome the entire blockchain’s download, your choice might be MyEtherWallet. The site is based on JavaScript and collects data on client side. It allows creating and using an Ethereum address for sending and receiving assets. The creators claim that it is not an online wallet, as all data are generated in the user’s browser, not on the wallet’s servers.

Apart from ETH, the wallet also supports The DAO and DigixDAO (DGD) tokens. One may also effect offline transactions while Windows users may enjoy a Chrome extension.

EthereumWallet

Released by Canada-based Kryptokit (Decentral’s subdivision), EthereumWallet bears some resemblance with MyEtherWallet. It’s the same old JavaScript collecting data at the client side. You may create an Ethereum address in your browser. The wallet has been popular for a while, however, its development halted at beta. Still, the wallet remains functional, but you’re not recommended to run big amounts through it.

Jaxx

Having halted further development of EthereumWallet, Decentral focused on Jaxx, which is sometimes considered one of the most user-friendly and convenient multicurrency wallets. Initially a bitcoin wallet, Jaxx added Ethereum support and The DAO tokens later. The team plans to add support for another popular cryptocurrency, Dash.

Another interesting option here is linking an existing account to multiple devices, as Jaxx is available not in a desktop version for Windows, Linux and OS X, but also for Android and iOS devices. There are also extensions for Chrome and Firefox.

Combined with ShapeShif integration, importing paper wallets and the forthcoming release of a hardware wallet makes Jaxx a truly unique solution. Other advantages include HD (hierarchical determenistic) addresses and smart contracts support.

Geth

Geth is a good old console for using, sending, receiving and creating Ethereum contracts. Geth is assembled for Windows, Linux and OS X. The wallet wouldn’t suit those willing to use a regular cryptowallet. However, it’s quite popular amidst coders.

EthAddress

It’s yet another JavaScript-based Ethereum wallet building data on client side. EthAddress is a generator of paper wallets supporting several kinds thereof, including brain wallets and collective wallets.

 

Disclaimer: even though the aforementioned wallets are popular, ForkLog wishes it to be known that we’re not affiliated with official representatives of their manufacturers and their products. It is your responsibility to research and analyze all offered products prior to using your money.

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