TOP 6 BEST WALLETS TO STORE YOUR ERC-20

[George Alex]

TOP 6 BEST WALLETS TO STORE YOUR ERC-20

CRYPTO BUSINESS

In 2017/2019, There are many projects supported by ethereum network up to this time Which makes ethereum the most popular platform for smart contracts and The most Token type under ethereum token used are ERC-20 tokens with different projects that lead to the initiative of different platforms support ERC-20 TOKENS.

This article will show the major trusted and popular wallets to store ERC-20 token. Therefore I think it is imperative to mention conditions a credible ERC-20 token wallet should meet:

Backup & restore:             To store and retrieve files easily
Compatibility:                   Works on a varying operating system
User-friendly:                   Stylish with a good UI(user interface)
Development community:  Availability of active developers
Private keys:                    You must have control over your wallet


1. Myether Wallet

Myetherwallet is an open-source web-based service wallet. It is the top choice for some when it comes to securing their ether mostly due to convenience. ERC20 token aid seamless communication with smart contracts. It is normal when people get skeptical about online storage after considering how malware and cybercrime keep increasing at every passing day. Be rest assured that your data are saved and secure because it uses a machine's browser to generate relevant data and never save any data on their server.

It is not a wise course of action to save all funds on this platform because it is an online platform, where 100% of safety might not be guaranteed. Beware of phishing sites especially. For extra safety, couple the use of Myetherwallet with a hardware wallet like ledger nano s or Trezor which necessitate all outgoing transactions with a confirmation on your hardware wallet.

2.Metamask

Metamask is a browser extension that allows the same functions, features, and ease of access like an ethereum wallet. You can interact with dAPP (distributed autonomous application) and smart contracts without stress; you don’t have to install any software, just get Metamask in your browser extension and start using a portable yet proficient wallet for your ERC20 token.

It is by far one of the most flexible web wallets, which has active development experts who have designed metamask in a way that makes it easier for investors to stay on top of the controlling of their funds through the seed words generated at first setup. This browser extension not only serves as a storage solution for all ERC20 in existence but also as an Ethereum blockchain browser where you can access other Dapps like a crypto kitty, simply amazing if you ask me.

3.Coinomi

Coinomi is a wonderful crypto wallet that provides supports to more than 70 coins. It keeps your private keys as private as it sounds, right on your device. It gives you full control of the funds and by providing you with a master password, it helps to protect your account against hackers and malware of any sort. The developers claimed coinomi as the quickest and most convenient wallet solution when it comes to cross-chain transaction and payment. One demerit is that it is still only functional on the Android platform. However, they announced some months back that they are working on the soon to be released IOS version.

4.Trust

Trust provides full support for any ERC20 and ERC223 token in the market. Albeit being lesser known to the public, Trust is a completely open-source wallet and one of the most popular option that supports not only the ERC20 but also the ERC223 token. A few unique selling points of Trust includes its introduction of Android and IOS wallets as well as its partnership with Kyber Network that will essentially allow the wallet owner to perform instant trades on a decentralized exchange. Not only, but Trust wallet also allows its users to access Dapps directly from their wallet which is made possible with the integration of the Web3 browser. It is definitely an option worth checking out.

Available  on Android | IOS

5.Parity

Parity is quite a popular choice among the Ethereum enthusiasts. It is an Ethereum client that not only allows its user to access the function of a token wallet but also features an Ethereum GUI browser like some of its counterparts ( e.g. Trust ) that provide user access to decentralized applications.  Parity is also a full node wallet and is available for multiple platforms like Windows, Ubuntu, Docker as well as OSX. The development team is also very active, constantly making releases every 6 weeks. It is believed that Parity will roll out native support for ERC223 Ethereum token in the near future which is definitely something to look forward to.

6.Mist

Mist is another wallet worth checking out. It is the so-called official ethereum wallet that is built by the same group of folks that are moving and contributing to the Ethereum Ecosystem. It is a desktop client like Parity and it has Shapeshift built-in which enables you to exchange your token right from the wallet. It supports all ERC20 tokens and provides a multisignature wallet option as well. It is by no means a lightweight client by the way as it requires you to synchroizes will all Ethereum nodes during your setup initially. Aside from that, Mist is a very powerful and convenient ERC20 token compatible wallet solution that is definitely worth considering.

More Check on:: https://bizzysumbi.blogspot.com

[terizla]

Why not add hardware wallet in this list ? Hardware wallet is more best and secure. I think you must add hardware wallet in yhe list like a Trezor and Ledger.

[OasisDre]

Coinomi and trust are the best here, why metamask? its an browser extension that's very risky for storing your Ethereum and tokens, there are other better wallets out there than metamask, bread wallet, jaxx wallet etc

[andulolika]

Why not add hardware wallet in this list ? Hardware wallet is more best and secure. I think you must add hardware wallet in yhe list like a Trezor and Ledger.

I agree with you, I like satochip, they are affordable quality hardware wallets, nice looking and imho quite collectible too.

[metenjean]

Why not add hardware wallet in this list ? Hardware wallet is more best and secure. I think you must add hardware wallet in yhe list like a Trezor and Ledger.

I agree with you, I like satochip, they are affordable quality hardware wallets, nice looking and imho quite collectible too.

Hard wallet most trusted store for your ERC-20 because support with saving many coins kind and you available save for your bitcoin assets there, just purchase money about $100 for buying hard ware wallet like nano ledger you can hold and save assets coins for long term with safety.

[Kemarit]

How about this? (https://mycrypto.com/)

I think this is one of the most popular, only second to MEW as far as storing your ERC-20 tokens. If you're interested on the story of mycrypto you can visit this link: (https://medium.com/@badrinat/myetherwallet-mycrypto-the-litigation-story-between-kosala-kvhnuke-hemachandra-and-taylor-36d88f4786cb).

So there is a history between the two. And as far as MEW is concern, there has been a lot of attacks in the past so just to let everyone know. So regardless of any wallets we used, if we are not educated enough on how to protect our assets, sooner or later we will be a target for the hackers.

[Coll3]

I prefer MEW , it's more safety wallet and very convenient for using

Metamask is too very comfortable . I use both of them

[GreatArkansas]

Why not add hardware wallet in this list ? Hardware wallet is more best and secure. I think you must add hardware wallet in yhe list like a Trezor and Ledger.

Trezor is good. I just explore their Ethereum wallet last night and found out it's something similar with other wallets in Ethereum as long as it has support with ERC20, like the Coinomi wallet or Myetherwallet.

I tried Trezor last night of their Ethereum wallet, there you can see that they have some option, either you operate your Trezor Ethereum wallet with Myetherwallet or they have their own wallet, with also you can manage your ERC20 tokens.

[istiak2277]

A hardware wallet like Trezor is very good. It is best for security. Blockchain and Mycelium is also two good wallets for mobile users. But coinbase is the best overall. Trust wallet also shows good improvements and became very popular.

[bgaf]

Why not add hardware wallet in this list ? Hardware wallet is more best and secure. I think you must add hardware wallet in yhe list like a Trezor and Ledger.

I'm indeed hearing a lot of feedback that hardware wallets are good for security purposes and yes but not all can afford and know how it is used. For the time being the list you put is good. I'm just wondering why imtoken isn't listed here. Maybe you can add it to the list. I'm using it and its supported some other coin aside from ethereum which is more advantage IMO. Even bitcoin and major coin such as eos are now accepted.

[mocacinno]

Why not add hardware wallet in this list ? Hardware wallet is more best and secure. I think you must add hardware wallet in yhe list like a Trezor and Ledger.

I'm indeed hearing a lot of feedback that hardware wallets are good for security purposes and yes but not all can afford and know how it is used. --snip--

A trezor one sets you back €59
A trezor model T sets you back €180
A ledger Nano S costs €59
A ledger Nano X costs €119, and at the moment you get a free Nano S when you buy a Nano X
A satochip costs €25 (but since i don't own one, i can't endorse it)

I don't get why anybody holding upwards of €500 in BTC, altcoins or ERC20 tokens (combined) would ever use the argument a hardware wallet is to expensive... Wouldn't it be more expensive if you lost your €500 in crypto?
There are people out there that hold the equivalent of several thousand dollars into a web wallet, exchange, mobile wallet,... and they complain when they get hacked, or their account gets frozen, or there is a vulnerability in their wallet (or os),... Sigh  

In the fiat world, would you keep an enveloppe holding €500 in a mailbox that can be accessed by anybody outside if you can buy a secure safe for €60?

As for the part of people not knowing how a hardware wallet is being used: i tought my 11 year old daughter how to use my hardware wallets in case i pass away. She has been able to spend testnet coins since she was ~8 years old. If an 8 year old kid is able to figure out how a hardware wallet works, you should be able to do the same...

Back on topic, have you read https://bitcointalk.org/index.php?topic=5114708.0 ? It's about a critical vulnerability that was discovered in coinomi... Now, any wallet can have a vulnerability, but i personally did not like the way coinomi reacted to this disclosure. I wouldn't use coinomi myself because of the way they reacted...

[Sebas.tian]

Coinomi and trust are the best here, why metamask? its an browser extension that's very risky for storing your Ethereum and tokens, there are other better wallets out there than metamask, bread wallet, jaxx wallet etc

Frankly speaking, the only true wallet I would have suggested for any one who have a good sense of humane is that of true wallet. This wallet has been tested and trusted many times. Backed in those days, I used true wallet with huge transactions and had no reason or reasons to be afraid compare to some wallets you have just mentioned now. Let's be careful with our funds by not dumping our pins and tokens for hackers or hijackers. The security level of true wallet is second to none, check them out to confirm this.

[cryptoaddictchie]

As for the part of people not knowing how a hardware wallet is being used: i tought my 11 year old daughter how to use my hardware wallets in case i pass away. She has been able to spend testnet coins since she was ~8 years old.

This is cool bro. Actually isn't that expensive for a device which can be used for a long term. I will buy Ledger nano X soon and before this year end. One of my bucket list to have this cool device.

I made by the way an instruction to help our local who are gonna buy also this device by posting this. And also for those who have not yet funds imtoken version 2.0 too is quite useful too.

(1).
https://bitcointalk.org/index.php?topic=5219665.msg53669490#msg53669490
(2).
https://bitcointalk.org/index.php?topic=5222071.msg53742722#msg53742722

[Becky666]

Coinomi and trust are the best here, why metamask? its an browser extension that's very risky for storing your Ethereum and tokens, there are other better wallets out there than metamask, bread wallet, jaxx wallet etc

The first wallet you mentioned above is shit wallet. March, 2019 my blossom friend loose almost the sum of $2,000 because she's a fund manager, this happened when she deposited the said amount and of a sudden she wasn't able to access her fund. Their security build up are very poor considering wallet like true wallet and others with good security. They send your information to a third party servers and thereby exposing your secret passphrase among others to a third party on a plain text without encryption.

[mocacinno]

--snip--

The first wallet you mentioned above is shit wallet. March, 2019 my blossom friend loose almost the sum of $2,000 because she's a fund manager, this happened when she deposited the said amount and of a sudden she wasn't able to access her fund. Their security build up are very poor considering wallet like true wallet and others with good security. They send your information to a third party servers and thereby exposing your secret passphrase among others to a third party on a plain text without encryption.

That's the second time in 3 posts that i see somebody mentioning a wallet callet "true wallet"? I've been around for a long time, but i can honestly say i've never heared about this wallet... Can't find it using google either... Are you shilling for this wallet, the owner, payed by the owner,... or can you honestly say you've used this (unknown?) wallet and you would vouch for it?

[quarkfx]

1. Myether Wallet          2.Metamask

I use both of this and they are the best , very safe and secure 

[Kasabus]

On the list, only 2 sites I used storing my ETH and ETH tokens, but mostly i just only store in MEW.
MEW now looks different compared to the past, I think they upgrade their program to give more security to the users, but never I have experience my account got compromise until now so I can say that MEW is good as long as you know how to keep your private information safe.

[gunungkembar]

I don't think you need to need a wallet that is very much like that, you only need a few wallets to be able to accommodate all the coins you have, for Erc20 you can use myetherwallet and if you have coins like bitcoin you can use wallets from the blockchain directly.

[letyouearn]

Prefer using MyEtherWallet combined with Metamask. Metamask is just a key, my way to access the wallet on MyEtherWallet website. This combination is safe and convenient enough.

[masterrex]

These topic is not the first here, but since you are pointed out ethereum and its erc20 tokens, and the best ethereum erc20 capable wallets that you mentioned according to you. honestly, I never try using some of them only Trust wallet in your list, but I'm using an imtoken wallet longtime ago. l still consider the hardware wallet is the most secure way comparing to those wallets that you give. that was only my opinion I'm not an expert about it.