I personally prefer metamask over Mew because there was a ton of times mew got hacked and a lot of money was gone, I know that is still a viable possibility for metamask as well (I suppose?) but that doesn't change the fact that it is a safe one so far whereas mew got hacked multiple times and that is a risk I am not willing to take.
Plus, the ability to have a chrome extension as your wallet is simpler than anyone can imagine without using, its literally the best possible thing for ease of use there ever is, all other options are slightly harder, not insanely harder but serious difference when we talk about a chrome extension. Long story short pick one that you use and like, you can test all of them since they are simple to download and install, and pick the best one for you.
Topic: TOP 6 BEST WALLETS TO STORE YOUR ERC-20 - page 2. (Read 503 times)
Adding hardware wallets would be better also for security purposes.
These are pretty much free wallets mostly. I wouldn't mind investing in hardware wallets to buy, but I am not that long-term hodler yet for alts.
I just stick to MEW although I might need to create another wallet file from it.
These are pretty much free wallets mostly. I wouldn't mind investing in hardware wallets to buy, but I am not that long-term hodler yet for alts.
I just stick to MEW although I might need to create another wallet file from it.
I only got MEW and Metamask.
Most of the exchange now are looking for Chrome extension of it and that is why I am using it now.
It may not sound secure for some but it is Metamask and I guess they won't stain the name of it just for some bucks.
MEW though had already been through a lot.
Phishing and other problems which they had resolved.
But for the other 4 on your list? I still don't have any idea about it. Haven't even tried it.
Most of the exchange now are looking for Chrome extension of it and that is why I am using it now.
It may not sound secure for some but it is Metamask and I guess they won't stain the name of it just for some bucks.
MEW though had already been through a lot.
Phishing and other problems which they had resolved.
But for the other 4 on your list? I still don't have any idea about it. Haven't even tried it.
BASE ON THE TOPIC RELAY WAS ON THE FOLLOWING GROUNDS TO SPECULATERY THOSE WALLETS EXCLUDE SECURITY ASPECT
1.Backup & restore: To store and retrieve files easily
2.Compatibility: Works on a varying operating system
3.User-friendly: Stylish with a good UI(user interface)
4.Development community: Availability of active developers
5.Private keys: You must have control over your wallet
But when we Add Security Aspect Hardware wallets Become the Best, But it's Costly And few people may afford that may be regarded as an unfriendly wallets in one hand, also there were several attacks when we come to metamask and because it is extension become vanulable to attacks But Cover all aspects exclude security which finds shown on the Topic , And the big issues why Security didn't put on concern because online staff may be attacked at any time that why wallets develop suppose to update after sometimes.
Not everyone really need a hardware wallet when mobile wallets are fully functioning well, I see no need for hardware wallet because I don't have a PC or Macbook, I'm stuck with smartphone so to use hardware wallet I will have to buy PC again
no mate you dont need a pc or a macbook/laptop before you decide if you will buy a hardware wallet or not . i know you think that hardware wallets are like usb flash drive where they need to be inserted on pc/laptop for importing and exporting but you dont know that mobile phones right now are usb ost capable where you can also insert flash drive like devices including these hardware wallets . but its still up to you if you will buy or not , if your happy and contented about your mobile wallet then your fine .
only use metamask as a wallet for PC, for now, because the security is more guaranteed and now its use is quite easy because I can transfer erc20 tokens directly from there, for mobile wallet I use trust wallet because their security is very good and there is also a walletconnect feature very helpful in my opinion.
TOP 6 BEST WALLETS TO STORE YOUR ERC-20
CRYPTO BUSINESSIn 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.
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.
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
You missed Atomic wallet and Exodus. Basically all wallets are good if you know how to keep them safe and secure. I have not heard or read any negative news and feedback about any wallets. The only discussion that I have read is which type of wallet is good and mostly cold wallet have been recommended.
Not everyone really need a hardware wallet when mobile wallets are fully functioning well, I see no need for hardware wallet because I don't have a PC or Macbook, I'm stuck with smartphone so to use hardware wallet I will have to buy PC again
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.
I agree with you, im using one wallet for storing my erc20 tokens and that is MEW. They say hardware wallet is much better because of the security but im contented using MEW, maybe because its convenient for me even im using a mobile phone to access it. Since I dont encounter any problem eversince I use it, I decided to stick to 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.
It might not be the best but just like what you have said as long as you know how to keep the important keys to avoid your account being compromise then you're safe.
If you follow the safety first, it is definitely the most secure hardware wallet, but many people do not like hardware wallets. It is estimated that it is not convenient to use them. I usually use mobile wallets for bounty, such as MYkey, and Using Myether Wallet on your computer，It is also very convenient. Looking at your comments, it seems that many people think like me.
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.
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.
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.
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.
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.
1. Myether Wallet 2.Metamask
I use both of this and they are the best , very safe and secure
I use both of this and they are the best , very safe and secure
--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.
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?
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.
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://bitcointalksearch.org/topic/m.53669490
(2).
https://bitcointalksearch.org/topic/m.53742722
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.
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://bitcointalksearch.org/topic/warning-coinomi-wallet-critical-vulnerability-made-me-lose-my-life-savings-5114708 ? 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...
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