The Best Wallets to Store Ethereum in 2023

While the regulatory qualm is a puzzle, many still want to try investing in ETH. But, to invest in this coin, you must obtain the best wallet. That is an intricate task, especially for rookies. This guide highlights the five best Ethereum wallets in 2022 that anyone can use to buy ETH.

Know All About The Best Ethereum Wallets in 2023 For Mining:

Metamask

Understood to be the biggest wallet for DeFi and NFT tokens, the Metamask hot and non-custodial wallet, has options for buying ETH. The process of signing up and procuring is easy, owing to the great user interface installed. Metamask is accessible as a chrome extension but also a windows application.

Accordingly, Metamask is the best ethereum mining wallet and instills several payment modes like ApplePay and Debit cards. They charge a fee ranging from 0.3% to 0.875%. You can earn some rewards for staking your ETH coins on Metamask.

Security-wise, Metamask can be among the safest web-based wallets for ETH. You are responsible for safeguarding your assets and addresses. But if you lose the wallet, Metamask offers a seed phrase for recovery.

Cons

MyEtherWallet

Acronymed MEW, MyEtherWallet is an one of the best wallets for mining Ethereum and has a considerable user base, with Google PlayStore indicating over 500 thousand downloads. This cold paper wallet supports other hardware wallets like Trezor and Ledger to bolster security. The most exciting thing about MEW is its support for the many ERC20 tokens.

MEW requires a gas of 0.000441 to process ETH transactions, with a high intuitive user interface making it easy to initiate trades. You can either print the keys or save them on a USB drive as a cold wallet.

They also offer a recovery phrase with their open-sourced software, meaning there are no strict KYC procedures and data tracking. MEW is one of the few wallets you can easily access offline.

Cons

Trezor Wallet

The hardware wallet Trezor is one of the most outstanding options for buying and storing ETH. This hardware wallet comes in different types and prices, ranging from €61 to about €600. The network advises you to purchase the wallets directly from their shop. This network serves people in 100 countries globally.

Additionally, Trezor wallet offers competitive rates, allowing people to set custom trading fees. Trezor Wallet has no direct earning options, but you can link the wallet to another ETH staking pool.

All versions of Trezor will provide you with a recovery key; Trezor T uses a 12-word phrase, while Trezor One uses a 24-word phrase. Trezor will guarantee you the best security with offline storage.

Cons

Guarda Wallet

As one of the best ETH wallets, Guarda has achieved over 100k installs on Android devices. It has a highly intuitive user interface and reliable customer support via Email, Tickets, and Live Chat. The team also offers you a seed phrase and is ready to assist you if you lose your wallet.

This tool comes with both a desktop application and those for mobile in Android and iPhone. They charge a 5.5% purchase fee for Ethereum. However, it's interesting that you can stake your ETH on this wallet and earn up to 14.5% APY. You can also use their crypto ATM card to spend your Ethereum easily in any part of the world.

Guarda has never been hacked because of the top security features it has. The wallet is non-custodial and allows you to set face ID verification.

Cons

HB Wallet

HB Wallet is a top wallet focused primarily on the Ethereum network and Ethereum tokens, although it supports a few other assets. This wallet is free for everyone to use when buying ETH and swapping other tokens. HB wallet is available in different types of OS, including Windows, Android, macOS, and iOS.

Accordingly, many reviews indicate that HB wallet is a highly user-friendly application. With the wallet, you can use different payment modes, including debit cards and credit cards, in just a few steps.

HB wallet offers 2 Factor authentication to ensure your assets are very secure. Moreover, the wallet encourages high anonymity for the users. They implant the hierarchical deterministic feature to enhance the security of the assets.

Cons

Conclusion

As the growth of crypto increases, the demand for ETH also increases. While many people prefer buying directly from exchanges, ethereum wallets offer benefits like simple transactions. The five wallets mentioned above are the best wallets to mine Ethereum.

Metamask, ZenGo, MEW, Trezor, and HB wallets are the 5 best ethereum wallets in 2022all offer good features for ETH. But the one exciting aspect of all the wallets is the convenience since most of them provide Desktop and mobile phone solutions.