Top Wallets For ERC 20 Tokens

By Rushali Shome

Crypto wallets, especially those for ERC 20 tokens are dime a dozen but finding the best ones are tough. Hence, in this article, we tell you about the top wallets to store your ERC20 tokens.

Given the unceasing popularity of the Ethereum blockchain, it hardly comes as a surprise that ERC20 Tokens are so common in the world of crypto. Therefore, it is natural that many of you would want to know how to store your tokens well.

The top wallets, listed in no particular order are as follows

MyEtherWallet

This is perhaps the simplest option of the lot. It is open-source and web-based and you can store your tokens in it without going through too many complicated steps. Here, the tokens can easily and seamlessly work with smart contracts.

As your token holdings’ data is not stored directly on their server, it a rather secure option to go for, despite the risks that would ordinarily come with an online wallet like this.

However, no matter how convenient or secure it may be, we would still recommend you don’t store all your ERC 20 tokens in the same wallet, just to steer clear of possible phishing site attacks.

You May Also Read: How to Create a Paper Wallet on Myetherwallet.com

Ledger Nano S

The Ledger Nano S is an extremely popular choice when it comes to crypto wallets and for good reason.

It is a secure offline wallet in the hardware form, developed using the OLED Technology.

Easy to use with a USB drive, a mini display screen and ease of connectivity, this wallet also makes security of your crypto holdings a priority, by using a security pin, seed keys and passwords.

What’s more, you don’t have to tear your hair out if you somehow lose this wallet.

With the option of backup and remote recovery/restoration, this wallet is a winner in terms of both security and convenience.

You May Also Read: How to Use Ledger Nano S Hardware Wallet?

Trezor

Trezor is another crypto wallet that frequently tops the popularity charts alongside Ledger Nano S and we are not surprised.

This wallet, which provides support for many leading ERC20 tokens and has launched a beta version in December, 2018 to be able to host almost all of them (more than the original number of 65,000), is a top choice for many.

Just like Ledger Nano S, Trezor also is securely encrypted and has a suitable backup option. In addition, it is also usable just like you would a USB drive with your PC, giving you added convenience.

Coinomi

If you don’t want to shell out big bucks to protect your crypto holdings, then we recommend you go for this easy web wallet option.

This is an online wallet so it does not come with the guaranteed security of hardware wallets such as Ledger Nano S or Trezor but it does have rather robust features meant to safeguard your crypto coins and tokens.

It has a very smooth and easy-to-use interface and is a great wallet to choose, especially if you have a small amount of holdings to stash away.

MetaMask

MetaMask is a very flexible option meant for the multitasker. It is a actually a web browser extension that doubles as a crypto wallet as well as an Ethereum browser.

Therefore, not only can you store your ERC 20 tokens here, you can also use this application to access to various dApps and blockchain smart contracts hosted on the Ethereum platform.

The interface generates seed words constantly, to make sure you can directly view what is going on with your holdings.

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Rushali Shome

Rushali Shome is a history undergraduate with a keen interest in puns, politics and beyond. When not typing away furiously in the “Notes” section of her phone, she can be found trying to catch the eye of servers at restaurants or weddings for a second helping.

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