Topic: TOP 6 BEST WALLETS TO STORE YOUR ERC-20 (Read 516 times)

Both are giving less security compared with the desktop or software wallet. Im still using MEW but it's not so impressive right now. Both are good but i just try to give a criticism for metamask if that was a buggy wallet service.

It seems like what you are doing might not be different from what I am doing, so far I am very familiar and feel safe using MEW and Metamask and there are no obstacles that I experienced while using it and just felt safe. although now MEW has made innovations and improvements that lead to more alternatives, because they want users to feel even safer. so I think as long as there are no obstacles for me just enough with these two, I feel quite happy.

I don't think anyone should look over a specifical tokens since they mostly worthless shit, as long as you can have secure a ethereum address you can have any token you wish.

Atomic wallet is a good wallet for more than 500 tokens but not each of our tokens can be found there. Also they have a lot of benefits which include buying coins with our card directly, holding or staking, them, etc but they only should keep their hands on most of the tokens and coins. They have minimum amount of coins which might not make them that popular but yet it might be a good option for us who want to store the coins which are already listed on atomic wallet. Their mobile application too is user friendly.

Yet, most of the times I prefer to hold my altcoins or ERC20 tokens onto myetherwallet because it seems much easy and convenient for me.

of all the wallet that you recommend, I only use MyEtherWallet and MetaMask, because I think both of these wallet are enough to store the altcoin that I have, besides that I also like to use MyEtherWallet and MetaMask, because it is very easy to use (simple) and safe, so until now I still use MyEtherWallet and MetaMask to store all the altcoin that I have.

If you store them and are worth something you should use some hardware wallets like Ledger or Trezor. To use them then these valets you mention are for sure better.

I use MEW and Coinomi but why Ledger isn't on the list?

Ledger wallets are good to store ERC20 tokens and it's one of the best hardware wallets ever.

https://support.ledger.com/hc/en-us/articles/115005197845-Manage-ERC20-tokens

https://www.ledger.com/supported-crypto-assets/

I think the best one is myetherwallet with hardware wallet connected to it. is very easy to use it on this way.

Hardware wallets can be a good choice but I do not think they are much needed to store some of our ERC20 tokens. These kind of tokens might be stored onto some platform from where we could quickly move them onto the exchanges in terms of trading with those tokens. These tokens might also not have that huge price which makes them not necessary to store onto some hardware wallets.

I prefer using web wallets like Myetherwallet , etc because they really give huge benefits as they can be accessed in a single click and even you can secure them by additional security like backup phrase, etc. You could even download the paper wallet and store your funds onto that wallet and secure that paper wallet in one of your locker where no one can access without the pass-code. This would secure your account as no one else might be knowing the private keys, etc which would not allow them to access your account so it entirely depends on you how securely you want to store your funds.

from the beginning I joined the crypto world and went through the days with a bounty campaign, myetherwallet is a wallet that I use until now. in terms of security, and the ease of use makes me comfortable using this wallet. especially with the latest updates that make the display look better and also the addition of several features, in my opinion myetherwallet is one of the best wallets for erc20 tokens.

Hardware wallets aren't easier to use because not every one own a PC or laptop but every one has a mobile phones with them so yes they will prefer mobile wallet than hardware wallets, if care is taken there won't be any problem using mobile wallet

In the list you made, there are only hardwallets that don't exist, maybe because it costs money to buy, but I think hardwallets are a very safe wallet for storing cryptocurrency assets. So far I only use numbers 1-4, but if I have to choose from the six I prefer metamask and trust because I almost got phished myetherwallet when I want to enter a private key.

   He really missed Atomic wallet! I am using Atomic wallet for a long time, never had any issues with them. They have upgrades every once
in a while, they are adding new coins and tokens, you can stake some coins in their wallet, you can swap some coins fast, all in all great wallet,
I would recommend Atomic. They also have their own token! I know there are some benefits for their token holders but I don't know much about
that I have just around 1000 of their tokens.

Craken had discovered quite a while ago a fail in the trezor wallets (no idea of others but perhaps too) that without a strong password your wallet is prone to physical cracking. No idea if it was fixed or the vulnerability is there for whoever doesn't have a password.

Based on my experience, the Myetherwallet, Metamask wallet, and Trust wallet (I just recently used) are the good wallet when it comes to storing of ERC-20. In fact, in just a couple of minutes, you can instantly set up those wallets. I've trust wallet in my phone and it is also easy to set up just like other wallet and upon seeing the feedback on the play store seems many people already download this app. Aside from that, you can set up a pin code or fingerprint on the Trust wallet to add more security to your wallet and it can also able to create multiple wallet accounts. You can also use the mobile of MyEtherwallet which is the Mewconnect but as of now, I still don't have any experience with this wallet. But, I guess it just like a Trust wallet and it seems you just need to connect it in your Myetherwallet account. We should always consider the security of the wallet if we going to store our investment.

Hardware wallet can also support ERC-20 and you should add it in your choices when it comes to the best wallet for cryptocurrency. Then, do not forget to keep your private key and make a back up of it. And, Never ever share or show your private key to anyone.

Just like you, I can't find true wallet on Google.
Is it possible that what he means is a trust wallet?
Their website is https://trustwallet.com/
They claim to be the official Binance wallet.

From the aforementioned I have tried trust wallet and I really liked it for its minimalism and the layers of security it offers. Of course I imagine there must be better.

I am currently using it to save ethereum tokens as airdrops or a recent project of which I am a participant called review hunt, a crodwsourcing site which I strongly recommend to earn extra money thanks to the ease of your tasks and good payments.

I recommend to use metamask wallet because, it safely stores your private key, also it supports hardware wallets, it allows you to interact with smart contracts, the payments done by metamask are much cheaper (especially when you send ERC-20 tokens) than when you send it through myetherwallet, probably they use more optimized software for calculating the lowest transaction fee (GAS) for each transaction.

I have used only three of the wallets that are mentioned here. The first one I used was Trust wallet and I used it to receive coins a few times then I dropped it and started using MyEtherwallet and after that I switched to Coinomi. Used Coinomi for quite longer than I used the other two, and then I stopped as well and started using wallets that are not for Erc20 tokens.

These wallets are good and they give you control over your assets, but when it comes to their interface, the look is often what I dislike. They carry too much features that are not hidden and not properly designed the way I would want it. You can take Blockchain wallet as an example, it’s not an Erc20 wallet but it is simple and nice.

TrustWallet trump most of the alternatives with its intuitive and easy to use interface. It's as secure as a hardware wallet, it is my go-to recommendation for crypto wallet.

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.

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.

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.

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

 

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.

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

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.

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.

1. Myether Wallet          2.Metamask

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

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?

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.

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

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.

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...

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.

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.

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.

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

Metamask is too very comfortable . I use both of them

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.

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.

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

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

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.

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



2.Metamask


3.Coinomi


4.Trust



Available  on Android | IOS

5.Parity


6.Mist


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