As anyone who is even vaguely aware of the ins and outs of cryptocurrency will tell you, it is of prime importance to make sure that you have sufficient knowledge of the safest, most-trusted Ethereum wallets of 2017.
The cryptocurrency revolution is well and truly underway. Despite its relatively recent launch Ethereum has managed to make quite a mark in the cryptocurrency community and has gained mainstream appeal to the point that many big businesses are already recognizing Ethereum as legitimate. Don’t believe us? You can browse through our list of the 10 Companies and Businesses That Accept Ethereum to find out more about the scale of this new technological shift.
Due to the fact that it has been a little more than a couple of years since the launch of Ethereum, there are only a few options for safe and secure Ethereum wallets in the market. To further compound problems, there are many hackers on the prowl who are always on the lookout for the slightest weakness through which they can deploy attacks and hack wallets. In case you are wondering about best Ethereum wallet android applications, check out what Redditors have to say on the subject. The same goes in case you want to know what’s the best Ethereum wallet for iOS.
Our ranked list is an amalgamation talking to practitioners within the cryptocurrency sphere, opinions of the thought leaders in cryptocurrency fraternity and opinions gathered through social media sites like Reddit and Quora. We have also taken into account reports of the various options in our list being compromised in some form, in articles found on Medium which has led to the disqualification of wallets such as Mist. We also surveyed the latest insider news through articles which reveal the latest news about wallet hacks. You can even subscribe to one such list here to stay up-to-date with the latest news on wallet security. Additionally, we have also added greater variety in our list by allocating two spots for hardware wallets, five spots for online options and 1 for paper wallets. Despite the difficulty associated with reaching a general consensus within a young eco-system where opinions are often greatly divided and hard data is very hard to come by, we have managed to compile the following list of the most safest, most-trusted Ethereum wallets of 2017, based on the general preferences within the online community.
MetaMask is a chrome extension that gives users the option to link up to their Ethereum wallet. The big pros are that it is relatively secure, despite it being an online wallet, compared to other options in the market, but some users feel that its user interface is a bit arcane and one needs sufficient knowledge of the technology to make it work smoothly. Users are also quick to complain about the manual control required to execute a few operations.