Best Ethereum Wallets for Beginners, Low Fees, and Security

Ethereum is a multipurpose blockchain, whose main function is to act as a base blockchain on which decentralized applications (dApps) can be developed. In fact, it was the first such blockchain to offer such functionality, which is one of the reasons why it is so popular among blockchain developers. 

This is a large reason why Ether (ETH) is the second-most valuable cryptocurrency by both unit price and market capitalization. Below, we have provided a list of the more popular Ethereum wallets, with a brief summary of their top features.

MetaMask Wallet is probably the most well-known Ethereum wallet on this list, as it is compatible with a wide variety of cryptocurrency exchange platforms, apps, gaming dApps, DeFi apps and more. 

MetaMask is also one of the simpler wallets, as it is a straightforward crypto wallet for storing and transacting with dApps that are built on the Ethereum blockchain and side-chains. It may soon also offer staking services as well.

Pros

• Tokens can be traded and bought within the wallet itself
• Available across all platforms

Cons

• No fiat compatibility
• Only Ethereum-based tokens are supported

Why choose MetaMask Wallet

MetaMask is arguably the most trusted pure Ethereum wallet. The major benefit of using a wallet that is dedicated to a single blockchain is that the coding is less complex than a wallet that offers more services and access to more cryptocurrencies, which makes it less vulnerable to hacks. Additionally, when cryptocurrencies are spread across different wallets, it means that even if there is a hack, you will only lose some and not all of your digital assets should you fall victim to a phishing attack or hack. 

Available on: Desktop, iOS and Android devices

Read our MetaMask wallet review or visit the MetaMask website.

Coinbase Wallet – Best for Multiple Crypto

Coinbase Wallet is Coinbase’s official, stand-alone multichain cryptocurrency wallet. It is designed to counter the concerns of those who did not want to risk storing the keys to all of their cryptocurrency directly on Coinbase’s cryptocurrency exchange platform. It accomplishes this by allowing its users self-custody to manage their accounts and keys in a single off-platform wallet. It is not just a wallet, as it also allows its holders to use DeFi liquidity pools to supply or borrow crypto and join and participate on DAOs. It also supports over 50 fiat currencies.

Pros

• Supports over 100,000 digital assets
• Multi-blockchain compatibility

Cons

• Poor customer support
• High transaction fees
• Limited desktop functions

Why choose Coinbase Wallet

Coinbase is a multi-chain wallet. This means that it provides the user with private addresses to multiple blockchains, thus enabling digital assets from many unaffiliated blockchains to be stored in a single wallet. It also allows for various decentralised financial services to be conducted within the wallet itself.

Available on: Desktop, iOS and Android devices

Read our Coinbase wallet review or visit the Coinbase website.

Exodus – Best for low fees

Exodus Wallet is another multichain, self-custodial cryptocurrency wallet that not only allows the users to store and transact ETH, Bitcoin (BTC) and other altcoins, but which also offers DeFi services such as staking and token swapping, as well as having an NFT display section for all of your compatible NFTs. 

Another significant feature of Exodus Wallet is that it allows for users to buy and sell cryptocurrency with 39 different fiat currency options, with the fiat being transferred directly to and from your bank account.

Pros

• Inbuilt cryptocurrency exchange platform
• Multi-chain compatibility

Cons

• Only available in English and Spanish

Why choose Exodus Wallet

Exodus is a multi-chain wallet that charges lower fees than the Coinbase Wallet, with fees built into spread pricing. Additionally, it offers in-app DeFi services which are fully functional on its desktop app.

Available on: Desktop, iOS and Android devices

Visit the Exodus website.

Trust Wallet – Best for security

The Trust Wallet is a self-custody wallet whose multi-chain compatibility allows users to store and transact over 4.5 million different digital assets. It has an intuitive, user-friendly interface and provides live updates on the price indexes of altcoins stored in your wallet thanks to its integration with various partnered payment networks and cryptocurrency exchange platforms, as well as enabling token swapping and staking of some cryptocurrencies.

Pros

• Inbuilt cryptocurrency exchange platform
• In-app staking for 12 cryptocurrencies

Cons

• Minimum purchase of $50 USD
• Indirect transactions through exchange platforms
• Can only purchase crypto through the mobile app or third-party sites

Why choose Trust Wallet

Trust Wallet is a multi-chain wallet. It also has the added benefit of allowing users to interact with external dApps and charges a low service fee. Its biggest draw is that it offers extra security options of 2FA, fingerprint recognition and facial recognition, which can help to keep your cryptocurrency extra secure should someone unauthorised somehow discover your private key.

Available on: Desktop, iOS and Android devices

Visit the Trust Wallet website.

BitKeep – Best for beginners

BitKeep is a self-custody multi-blockchain compatible wallet that enables users to import their existing wallets to their BitKeep wallet, thereby allowing them to manage their cryptocurrency portfolio from a single wallet. 

BitKeep also provides real-time prices for compatible cryptocurrencies, which can then be purchased, sold or swapped directly through the wallet. It also features an in-app NFT marketplace, dApp store and decentralized exchange platform (DEX) allowing for cross-chain token swapping.

Pros

• Supports around 25 mainstream protocols
• Supports over 25,000 dApps

Cons

• Customer service contact via email only

Why choose BitKeep Wallet

BitKeep is a multi-chain wallet that is useful for beginners since the interface is simple and straightforward. It has an in-app cryptocurrency exchange platform and NFT marketplace, and also facilitates cross-chain token swaps. Additionally, BitKeep’s code is open-source. 

Available on: Desktop, iOS and Android devices

Visit the BitKeep website.

Comparing Ethereum wallet features

Feature	MetaMask	Coinbase	Exodus	Trust Wallet	BitKeep
Secure	Yes	2FA	Yes	Yes	Has DESM features
Support	Only tickets and email	24/7	24/7 Email support, also accessible via social media	Email support	Not great
Mobile app	Yes	Yes	Yes	Yes	Yes
Desktop app	Yes	Yes	Yes	Limited – no purchases	Yes
Cloud Storage	Yes, on iOS	No	No	No	Yes
Cold storage	Yes	No	Yes	No	No
Account backup	Yes	Yes	Yes	Yes	Yes
Decentralized	Yes	Yes	Yes	Yes	Yes
Anonymous	Yes	Yes	Yes	Yes	Yes
Multichain	No	Yes	Yes	Yes	Yes
Staking	No	Yes	Yes	Yes	No
Num. of users	10M	1.4M	1.25M	25M	8M

• SEO Powered Content & PR Distribution. Get Amplified Today.
• Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
• Source: https://bitcoinchaser.com/best-ethereum-wallets/