What is Ethereum Wallet: Alternatives and Types

The growing interest for cryptocurrencies has boosted the digital currency market thanks to currencies such as Bitcoin or Ethereum. Still, many traders do not dare to make the definitive leap because of market instability, lack of currency regulation or lack of security in digital operations.

These fears are exaggerated. Transactions protection begins to improve with new security algorithms included in the personal accounts of the users. In fact, Ethereum uses a blockchain with an integrated Turing-complete programming language that makes it a completely secure system. To take any action like accepting, selling or storing Ether (the official currency of Ethereum) you need a Wallet that will help you to add a new level of security in your transactions.

Nowadays, we can find numerous models of Wallet ranging from virtual accounts in specialized platforms to portable devices that we can carry with us at all times. Among the most popular options, we have:

Wallet to download

Jaxx has a high level of security thanks to its blockchain encryption, allowing to be used in your computer, tablet or mobile phone with total privacy. This device does not require you a personal registration. Therefore it is not necessary to introduce confidential information to use it.

XETH is an open source Wallet whose main advantages are its constant updates and its security features. It is also free and has numerous customization options. Among its latest update we can highlight its privacy and anonymity that can help you make safe payments with Ether.

Exodus Wallet aims to store all the user's private keys securely. It must be downloaded on your computer (no mobile version, that’s a software) then you will be able to work offline. It supports cryptocurrencies like Bitcoin, Litecoin or Dash among others.

Hardware Wallet

Ledger Wallet allows you to keep all your Ether in your pocket because it works like an ordinary mobile devices compatible with any computer. It is a hardware Wallet with a design similar to a tablet or a USB, where you keep your passwords. It is multi cryptocurrencies (such as Bitcoin and Litecoin) 

Keep Key is another small Wallet Hardware where you can store all your keys. Connected to a computer it will serve to send, store or receive cryptocurrencies, regardless of whether we work with Windows, Mac or Linux.

Online Wallet

My Ether Wallet adds a new option to the storage of our cryptocurrencies. It is a web page from where to operate with Ethereum. In addition, create and manage Ethereum accounts quickly even for new users who begin to start in this market.

Holly Transaction is defined as an online Wallet for multi cryptocurrencies that also allows the exchange between currencies like Bitcoin, Litecoin or Gamecoin, among others. By registering an account, for free, we will be able to perform any exchange or storage action.

Before choosing one of these options, you should carefully read more about the compatibility with the different cryptocurrencies because each option is specialized in specific currencies and might not support all of them.
 

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