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Author Topic: How Do You Choose a Token Wallet?  (Read 73 times)
DavidBooker
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May 23, 2018, 11:12:22 AM
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Are you ready to buy some ERC20 tokens? Before you do it, you need to decide where you will store them. Navigating through numerous wallets can be challenging and therefore, based on our experience at assetrush.com, we have decided to give you a brief overview of the most common ones.

First of all, you should answer some questions about your future wallet:

· Will you use it to make everyday transactions or to buy crypto for investment?
· Do you need your wallet to be at hand regardless of where you are?
· Should it have certain specific features such as complete privacy and security, great interface, etc.?
· Do you plan to store lots of different tokens and coins?
· Do you want an easy visual way to keep up with the rates of tokens you have and other altcoins?

Having answered these questions, you’re ready to consider the pros and cons of the wallets we have examined.

imToken Wallet
Pretty nice wallet with a good interface designed by a Chinese team. It will keep your ETH and ERC20 tokens safe.

Pros

· Runs on Android and iOS
· Accessible interface
· ETH and tokens rates

Cons

· No other coins supported
· No in-wallet exchange
· Tokens supported are not so popular (according to the coinmarketcap.com rates)

Trust Wallet
This wallet has lots of useful options and can become a real friend in the crypto world. It’s a proper platform for storing your ETH and tokens, however note that its interface is aimed at more advanced users.

Pros

· Available for Android and iOS
· ETH and tokens supported
· Collectibles supported

Cons

· No in-wallet exchange
· No rate graph
· Interface for more advanced users

Jaxx
It is a well-known wallet that allows you to store several kinds of coins and tokens. Some newbies seem to find its interface inconvenient, however Jaxx’s useful options help make up for its drawbacks.

Pros

· Runs on a lot of platforms
· Many coins and tokens inside
· In-wallet exchange
· Secure

Cons

· Inconvenient interface
· No price graph

Lumi Wallet
The creators of this wallet care about their users: it’s convenient and the interface is highly intuitive. Another bonus is that it has daily, weekly, monthly, and yearly price graphs. In addition, each token in Lumi has a separate wallet.

Pros

· iOS and web interface supported
· In-wallet exchange
· Lots of coins and tokens can be added
· Intuitive interface
· Absolute security
· Informative price graph

Cons

· Android version doesn’t support tokens or ETH

BreadWallet
A wallet with bright design where you can store your tokens and ETH and have an opportunity to buy or exchange them right within the wallet.

Pros

· Runs on Android and iOS
· ETH and tokens supported
· In-wallet exchange (also can buy crypto for fiat)

Cons

· No price graph

Final Thoughts
When choosing a wallet, be sure to think about the aforementioned questions, as they will allow you to clearly understand what you’re looking for and thus, narrow down your choice. Carefully examine the pros and cons of every wallet you’re considering and don’t forget that any article about wallets has a healthy dose of subjectivity, so the final decision should ultimately be yours.
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May 23, 2018, 11:32:02 AM
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I use cryptoexchanges to save my coins, its more comfortable to react on quotation of currencies
Avalonist
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May 23, 2018, 08:37:24 PM
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Jaxx seems to be laggy last couple of months
and not friendly to newbies especially when it comes to gas fees for transfers,
had to google the answers by myself
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May 23, 2018, 10:53:39 PM
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I'm surprised that you didn't mentioned MyEtherWallet (MEW) which are most popular. Is there are any specific reasons? I use MEW and so far I'm happy with it and I haven't looked for alternatives so far.
I tried Jaxx in past but if I remember correctly they supported very limited number of ERC20 tokens. Maybe situation had changed now. And in past Jaxx had security vulnerability, so it's not recommend for bigger amounts of money.

DavidBooker
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May 24, 2018, 11:25:07 AM
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I'm surprised that you didn't mentioned MyEtherWallet (MEW) which are most popular. Is there are any specific reasons?

We didn't forget about MyEtherWallet. The reason we didn't write about it is because it's extremely popular and widely used; we wanted to examine some alternative wallets.
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May 24, 2018, 01:59:18 PM
 #6

another web wallet and recommended for token wallet is mycrypto.com, for mobile wallet can use Eidoo wallet.

one more, you can receive free token if project make a airdrop partnership program with Eidoo.

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Muhammad Bahrul Ulum
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May 24, 2018, 02:37:52 PM
 #7

For every token it is go with the respective wallet provided by the one who develop the particular token. When the same is an ERC-20 token it is good to go with the myetherwallet. With every wallets hacking and other ways of scams were happening, but I feel it to be more secure than many other wallets that support tokens.

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catchandeat
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May 24, 2018, 03:39:56 PM
 #8

As for me the best choise for anybody new here is MyEtherWallet. It's friendly to use and the most common wallet across the cryptocommunity
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May 24, 2018, 04:26:51 PM
 #9

i using myetherwallet to save all ether  Wink
Yudi96
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May 28, 2018, 06:30:18 AM
 #10

if you guys are Airdrop and Bounty fans are advised to use Imtoken wallet app in playstore and appstore, a little safer than MyetherWallet save good advice either privatekey do not let anyone know besides you if do not want to lose your money
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