Atomic Wallet Archive - Crypto News Flash https://www.crypto-news-flash.com/tag/atomic-wallet-2/ Mon, 22 Aug 2022 17:44:38 +0000 en-US hourly 1 https://www.crypto-news-flash.com/wp-content/uploads/2021/04/cropped-favicon_128-32x32.png Atomic Wallet Archive - Crypto News Flash https://www.crypto-news-flash.com/tag/atomic-wallet-2/ 32 32 The best Stellar Lumens (XLM) wallets put to the test | Review and guide https://www.crypto-news-flash.com/stellar-lumens-wallet-test-review/?utm_source=rss&utm_medium=rss&utm_campaign=stellar-lumens-wallet-test-review Tue, 03 Sep 2019 13:51:52 +0000 https://www.crypto-news-flash.com/stellar-lumens-wallet-test-review/ To make the search for a Stellar Lumens (XLM) wallet as easy as possible for you, we have tested several wallets extensively and created a ranking of the best Stellar Lumens wallets. In this article we summarize the experiences from our tests as well as the most important information about the different wallets. Depending on [...]

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To make the search for a Stellar Lumens (XLM) wallet as easy as possible for you, we have tested several wallets extensively and created a ranking of the best Stellar Lumens wallets. In this article we summarize the experiences from our tests as well as the most important information about the different wallets.

Depending on whether you are looking for a hardware wallet, desktop wallet, Smartphone wallet or Web Wallet, you will receive a recommendation from us. The article is structured in such a way that we go from the most secure wallets (hardware wallets) to the most insecure wallets (web wallets).

As an introduction to the topic, however, we will first give you a theoretical introduction to the topic. From our point of view, a basic understanding of the technology is essential to understand which wallet is the best XLM wallet and why. If you already know your way around, you can also skip the info boxes and read our recommendations for the best Stellar Lumens hardware wallets.

The Basics of Cryptocurrency wallets:
A Stellar Lumens (XLM) wallet is a kind of digital wallet. In comparison to a wallet for Fiat currencies, however, it is not the cryptocurrency itself that is stored in the wallet, but the access key. The access key is the “private key”. Depending on whether this is stored online or offline, the technical language speaks of a

  • cold wallet or
  • hot wallet.

While the private keys in a cold wallet never come into contact with the Internet, they are in contact with the Internet in hot wallets. Experts therefore consider hot wallets to be much less secure, as hackers have a point of attack over them. The moment the transaction is signed (i.e. released) using the private key, hackers have the chance to intercept the access key and gain control over your Stellar Lumens.

This pragmatic but decisive difference is the reason why crypto investment companies and cryptocurrency exchanges store most of their customers’ money on cold wallets in order to protect Stellar Lumens (XLM) from possible theft. You should take an example from this! The storage of Stellar Lumens offline can be realized in the private customer area using paper wallets or hardware wallets.

In addition, there are three types of hot wallets, which differ in that the “private keys” are saved on different types of media or data carriers:

  • Stellar Lumens desktop wallets
  • Stellar Lumens mobile wallets
  • Stellar Lumens online wallets
What are the Private and Public Key??

The terms private key and public key are derived from asymmetric cryptography, a method of encrypting data. This technology is used for Bitcoin, Stellar Lumens and other cryptocurrencies to mask the data to be transmitted. The private key and the public key are a pair of keys which are inseparably connected to each other and are necessary for encryption and decryption.

The private key is a randomly generated string that represents the ownership of the cryptocurrency. On the other hand, the public key represents, simply put, the wallet address, which is the receiving address of a transaction. (Strictly speaking, the wallet address is a hash version of the public key). In contrast to the private key, the public key or wallet address is not secret. The private key must therefore not be passed on to a third party at any time. The Private Key enables the owner to send the cryptocurrency.

Important to know!
The minimum amount of XLM on a wallet is currently 0.5 XLM.
Each Stellar account must have this amount in order to be active on the network. Any transaction that would reduce the balance of an account to less than the minimum will not work. Further information can be found under this link.

Beyond the theoretical understanding, we want to give you two pieces of advice:

1.Even before buying Stellar Lumens (click here to read our guide) you should consider which wallet you want to use to store your private key. If you have made this decision before purchasing, you can enter your wallet address as your destination address during the purchase process and save time and money.

2.Second, you should get your XLM off an exchange or broker as soon as possible. From our point of view, there are two very important reasons for this. As you know (now), the private keys are the access keys to your cryptocurrency. When you use a trading platform such as Binance or Coinbase, you transfer ownership to them. The second problem arises from this: cryptocurrency exchanges are popular targets for hacker attacks. The list of exchanges that have been hacked in recent years is long! Therefore, you should manage the Private Key yourself and keep XLM on an exchange only as long as necessary.

Stellar Lumens hardware wallets

Cold storages include hardware wallets and are the safest and best possible alternative for private customers to store cryptocurrencies in the long term according to the current state of technology. With established and proven hardware wallets, it is almost impossible for the private keys to be stolen from the device due to numerous security mechanisms. The main reason for this is that the private keys are stored isolated on the Hardware wallet without ever coming into contact with the Internet.

Since the hardware wallet has to be connected to the Internet for at least a short time to enable incoming and outgoing transactions, hardware wallets are built in such a way that only “non-critical” components are online.

This means that the private keys as well as the backup phrase are stored isolated on the device and do not leave the device even when signing a transaction, i.e. confirming it on the device (by pressing a key on the hardware wallet). As a result, even if hackers succeed in compromising the management software (Ledger Live or Trezor Bridge), they cannot make a transaction.

In addition, the hardware wallets presented in the following have additional security functions that optimally secure them in the event of analog theft. The Ledger hardware wallets as well as the Trezor Model T can be secured with a PIN and 2-factor authentication. This makes it very difficult to steal Stellar Lumens (XLM) even in the event of physical theft.

Therefore hardware wallets are for us an absolute must-have for crypto investors, even if they are not free of charge. The cost/benefit ratio clearly speaks for an investment. Even the price for our test winner, the Ledger Nano X (about 120 Euro), is compared to the amount you probably invested in XLM and other cryptocurrencies as rather low.

The advantages of Stellar Lumens hardware wallets:
✅ Highest security standard
✅ Cold Storage: Storage of private keys offline
✅ Each transaction must be confirmed on the wallet at the push of a button.
✅ Ledger and Trezor support more than 1,000 cryptocurrencies
✅ Regular updates
✅ Very good customer support

The disadvantages of hardware wallets are:
❌No deposit insurance as with eToro
❌ The storage of Stellar Lumens (XLM) is your responsibility. However, this can also be an advantage!

The best 3 Hardware Wallets in 2019
Hardware WalletInfoTest
Ledger Nano X kaufen

⚡ OUR test champion: The Ledger Nano X
✅ Manage 100 cryptocurrencies simultaneously
✅ Compatible with more than 1,100 cryptocurrencies
✅ Bluetooth connection for mobile wallet
✅ New flagship of the market leader
⛔ Price: 119,90 € - in the middle range

Testbericht lesen

Read our review

Ledger Nano S kaufen

⚡ Best price/performance ratio: The Ledger Nano S
✅ Very good Price: 59,90 €
✅ Compatible with more than 1,100 cryptocurrencies
✅ Proven quality: more than 1.3 million units already sold
⛔ Manage max. 5 cryptocurrencies simultaneously

Testbericht Ledger Nano S

Read our review

Trezor Model T kaufen

⚡ 3rd place: The Trezor Model T
✅ Over 1,000 cryptocurrencies supported
✅ Proven quality from Trezor
✅ Firmware is not installed on the device until you start it
⛔ In comparison to the Nano X: less features and functions 
⛔ High price: about 180 €

Testbericht Trezor Model T

Read our review

1.Ledger Nano X

Not only for Stellar Lumens (XLM), but also in our comparison test of 8 hardware wallets the Ledger Nano X is our test winner in the category Stellar Lumens hardware wallets. The successor of the Ledger Nano S was introduced in May 2019 and offers some new features compared to the “old” model that justify the purchase even if you already own a Nano S. The new Nano S is a Nano S with a new design and a new design:

  • Bluetooth function: The Ledger Nano X can be paired with a smartphone via the Bluetooth function. This allows users to send their Stellar (XLM) via a smartphone without compromising the security of the cold wallet.
  • Larger memory: The internal memory of the device has been greatly increased, so that now 100 apps for cryptocurrencies and additional functions can be stored on the new Ledger Nano X.
  • Larger screen: The screen has been enlarged. This means that longer reception addresses can now be shown completely on the display, making it much easier to check the address.
  • Improved security chip: The central component of the hardware wallet has been reworked and further improved from a security point of view.

Conclusion: From our point of view, there is currently no safer and more user-friendly hardware wallet than the Ledger Nano X! If you would like to learn more about the Ledger Nano X wallet, we recommend that you read our detailed guide and review.

Supported cryptocurrencies
The Legder Nano X can store the private keys of over 1,100 different cryptocurrencies. In addition, the list is constantly expanded by ledger. A big advantage of the Nano X over the Nano S is that it can store up to 100 apps (instead of 5). This allows users to manage up to 100 cryptocurrencies on the device.
Operation
The usability of the Ledger Nano X is unbeatable. All steps, from setup to operation, are well explained and very easy to learn. In addition to hardware, the free Ledger Live App is required to view the portfolio and initiate transactions.
Transparency & Fees
The Ledger Live Software is Open Source and therefore tested by the crypto community. However, the operating system is a secret to ensure (according to Ledger) a higher level of security.

The transaction fees are displayed transparently and correspond to the network fees. There are no costs for using the Ledger services (beyond the purchase price for the Nano X).

Security
Ledger’s technology is considered to be industry-leading and is used not only in hardware wallets, but also in the corporate sector.

The Bluetooth function, which was initially strongly criticized by the crypto community, can also be regarded as secure and does not represent a security risk, since only non-critical data (not the private key and not the recovery seed) is transferred via Bluetooth. Thus the Bluetooth can be used without hesitation.

2.Ledger Nano S

Even though the Ledger Nano S has been on the market for a few years, it is still one of the best hardware wallets on the market. In recent years, there has not been a single (known) incident in which cryptocurrencies could be stolen by the ledger Nano S.

With a price of only 59 euros, half the price of the Ledger Nano X, it is an absolute bargain that can store the private keys of well over 1,000 different cryptocurrencies via Ledger Live Software.

Conclusion: If you have only a few different cryptocurrencies besides XLM and can do without the additional functions of the Nano X, the Nano S with a price of only 59 Euro is our top recommendation.

Supported cryptocurrencies
Both the Ledger Nano X and Nano S use the Ledger Live Software and can manage over 1,100 different cryptocurrencies. However, due to the smaller memory of the Nano S, a maximum of 5 apps (for cryptocurrencies and other programs) can be installed on the Nano S at the same time.

This means that the apps for cryptocurrencies have to be installed and uninstalled alternately. The balance is not lost because all data is stored on the blockchain. If the little effort is not too much for you, the Nano S is the best choice for you.

Operation
The operation of the Ledger Nano S is also very simple and intuitive. This is done via the 2 buttons on the device. Additionally you need the Ledger Live App, which is identical for the Nano S and Nano X.
Transparency & Fees

The Ledger Live Software is open source software whose source code is publicly available. However, the operating system of the Ledger devices is a trade secret.

The fees for a transaction (network fees) are transparently listed in the Ledger Live Software. Ledger himself doesn’t charge.

Security
Ledger’s technology is industry-leading. This is not only used by Ledger Hardware wallets, but also by the company to securely store private keys of cryptocurrencies.

3.Trezor Model T

Like Ledger, SatoshiLabs has completely revamped its long-standing success model, the Trezor One, and released the Trezor Model T in May 2019. A major innovation is the Trezor Bridge software, which makes more cryptocurrencies compatible with the Trezor. The software serves as a “bridge” between the Trezor Model T and third-party software to support previously incompatible coins.

In the case of Stellar (XLM), the Stellar Account Viewer, a lightweight client, is required to send and receive XLM over the Stellar network. Apart from the larger number of compatible cryptocurrencies, Trezor has upgraded its hardware wallet with numerous other improvements:

  • Touchscreen: The Trezor Model T has a touch screen that confirms the transactions on the device.
  • Firmware Upgrade: The firmware, Trezor Core, has been completely revised and improved for security reasons.
  • More powerful processor: The new Model T has a faster processor, which makes operation even smoother.
  • Card slot for Micro-SD: A Micro-SD card slot has been added that can be used for data encryption.
  • USB-C Port: The “old” USB port has been replaced by the new industry standard, USB-C.

Conclusion: Due to the high price (around 180 euros), the Trezor Model T only came third in our ranking. From our point of view, the Ledger Nano X offers a better price/performance ratio, as it is around 60 euros cheaper and has a few more practical features. In addition, the Nano X has more native apps, requires less third-party software, and is more intuitive to use.

Supported cryptocurrencies
The Trezor Model T can manage more than 1,000 cryptocurrencies using specific third-party software of individual cryptocurrencies (e.g. Stellar Account Viewer, AdaLite, MyEtherWallet, Monero GUI Wallet, etc.). A complete list of all supported cryptocurrencies and the necessary third-party software can be found on the official Trezor website.
Operation
The Trezor Model T is very high quality. The touch display works very well and due to the new processor the Model T runs very smoothly. In addition, the new Trezor Bridge software offers numerous new functions that are very easy to use.
Transparency & Fees
Most of the Trezor software and hardware is publicly available on GitHub and therefore transparent. Apart from the acquisition costs, there are no additional fees apart from the network fees of Stellar.
Security
Ledger and Trezor are the best known and most popular manufacturers of hardware wallets worldwide. With the Trezor One, Trezor has launched the first hardware wallet on the market, which was widely used. This gives Trezor the longest experience in the development of hardware wallets, which is also reflected in the quality and security standards of the Trezor Model T.

Stellar Lumens (XLM) Desktop wallets

Desktop wallets are downloadable programs that are installed on a computer to store private keys and send and manage cryptocurrencies. Compared to hardware wallets, they have the serious advantage that they are completely free of charge. However, they also have the disadvantage that all hot wallets have in common: The private keys are not stored offline, but come (at least temporarily) into contact with the Internet.

Because of this, desktop wallets require a great deal of responsibility, as the PC used must be regularly supplied with updates and (good) anti-virus software must be installed. If there is insufficient protection, there is a risk that the private keys will be stolen by hackers. However, if the computer is adequately protected, desktop wallets offer a significantly higher degree of security than web wallets. Desktop wallets are therefore the best free option for storing Stellar Lumens (XLM) in addition to mobile wallets.

Below we have ranked the best Stellar Lumen (XLM) desktop wallets in 2019. But first we’ll show you the advantages and disadvantages of using a desktop wallet:

The advantages of Stellar Lumens desktop wallets:
✅ Storage of private keys on your own Computer
✅ High safety standard
✅ No acquisition costs – use is free of charge
✅ Multi-join wallets partly support over 300 different cryptocurrencies
✅ Regular updates

The disadvantages of Stellar Lumens desktop wallets:
❌ Less security than using a hardware wallet (more vulnerable to hacker attacks)
❌ Responsibility to protect your own PC
❌ Be careful when choosing an unknown wallet: There are known cases of fraud.

Below you will find our top recommendations for a safe and serious Stellar Lumens desktop wallet:

Best Stellar Lumens desktop wallets
  1. Solar wallet (Windows, MacOS, Linux)
  2. Atomic wallet (Windows, Mac, Ubuntu, Debian und Fedora)
  3. Foxlet Stellar wallet (Windows, MacOS, Linux)

1.Solar Stellar wallet

Solar Wallet XLM

The Solar is an open-source wallet developed specifically for Stellar by SatoshiPay and recommended by the Stellar Foundation on the project’s official website. The goal of SatoshiPay is to create a user-friendly wallet that emphasizes speed and security. Accordingly, it is easy to create an account and manage the XLM.

The private keys are stored encrypted on the user’s computer. The key used for this is derived from the user’s password using PBKDF2 with SHA256. This means that the private key is never given to any third party and is very secure as long as the password is strong enough. However, if you forget your password, there is no way to recover your private key unless a backup has been made.

Other features of the Solar wallet include:

  • Multi-Sig functionality to add an additional security level to the wallet.
  • Integration of the decentralized Stellar Exchange (DEX)
  • Testnet support

Conclusion: The Solar wallet is a modern and well designed Stellar Lumens Wallet. If you are looking for a wallet specifically designed for the Stellar network, the Solar wallet is an excellent choice.

You can download the Solar wallet at the following link for Windows, MacOS and Linux.

Supported cryptocurrencies
Only Stellar Lumens (XLM) is supported.
Operation
The Solar wallet is a modern and good looking Stellar Wallet, which arranges all necessary functions of a wallet clearly on the start page, so that the operation is very simple and intuitive.
Transparency & Fees
For full transparency, the code is published under the GPL license, so anyone can audit it. There are no fees for download and use.
Security
The security of the wallet is good. The private keys are stored encrypted on the user’s computer so that no third party has access to them. It also offers optional multi-sig functionality.

2.Atomic wallet

Atomic Wallet

If you don’t want to use Stellar-specific development for the storage of XLM, the Atomic Wallet, a Multi-Coin-Wallet, is our top recommendation for you. With over 300 compatible cryptocurrencies, the Atomic is one of the most comprehensive multi-coin wallets on the market and some of the few that support Stellar Lumens (XLM).

The Atomic wallet is also supported by the fact that it has a very well-known publisher, the CEO and co-founder of the popular crypto-exchange platform Changelly.com, Konstantin Gladych. In addition, it implements three central demands of the crypto industry:

  • Security,
  • Anonymity and
  • Decentralization.

To ensure security and anonymity, the private keys and transaction data are stored encrypted on the user’s computer. This means that neither the developers nor any third parties have access to this sensitive data. Decentralization is implemented by the Atomic Swap function, from which the wallet gets its name.

Atomic Swaps allow users to exchange cryptocurrencies directly with each other, peer-to-peer. Since the function is not yet available for all coins, the developers of the wallet have also integrated the exchange services of Changelly and ShapeShift.

Considering the functional scope and the high security level, the Atomic wallet is our top recommendation among the multi-coin wallets. To download the Atomic Wallet, you can visit the official website (click here!). There you can find the wallet for Windows, Mac, Ubuntu, Debian and Fedora.

Supported cryptocurrencies
The Atomic wallet supports over 300 cryptocurrencies, including almost all known cryptocurrencies and all ERC20 tokens.
Operation
The installation of the wallet is done with a few clicks. At least as easy to use is the user interface, which should be self-explanatory even for absolute beginners.
Transparency & Fees
The Atomic wallet is a community-based product that uses open source libraries, block explorers, and other components. However, in order to ensure the security of the Wallet, part of the source code is not publicly accessible.

When using the Atomic wallet there are no additional fees in addition to the network fees. For additional services such as Atomic Swaps, ShapeShift and Changelly fees will be charged.

Security
The Atomic wallet offers very good security. The wallet – as a decentralized solution – does not request any personal data from its users. In addition, all data is transmitted in encrypted form. The control of the private keys lies exclusively with the user, so that nobody else has access to your cryptocurrencies. Furthermore, a backup phrase can be created for the recovery case.

3.Foxlet Stellar wallet

Foxlet Stellar wallet

The Foxlet wallet is an open source desktop wallet for the exclusive storage of XLM, which operates a complete node. This means that the download of the complete Stellar Blockchain is required. In addition, the wallet must be synchronized with the blockchain with every login in order to be up to date.

The Foxlet wallet stores the private keys as a file locally on the user’s computer and encrypts them. The wallet is thus as secure as the security of your PC. Another advantage of the wallet is that the transactions are signed offline. Another advantage of the Foxlet is that there is no obligation to register, which makes it possible to act anonymously.

In addition, it is a well-designed and easy-to-use wallet that also allows Asian users to deposit, withdraw and manage Chinese yuan and Japanese yen. However, the Foxlet also has two disadvantages: On the one hand, no two-factor authentication is offered. In addition, multi-signature is not supported.

The Foxlet is available for the operating systems Windows, Mac and Linux on the official website.

Supported cryptocurrencies
The Foxlet wallet only supports Stellar Lumens (XLM).
Operation
The Foxlet wallet is a well designed and easy to use wallet, which is also suitable for beginners.
Transparency & Fees
The wallet software is open source and can be viewed on GitHub.

Both the download and the use of the Foxlet are completely free of charge. There are only the usual Stellar network fees.

Security
Due to the lack of two-factor authentication and multi-signature, the Solar wallet and the Atomic are considered to be more secure. As a result, the Foxlet wallet only ranks third among desktop wallets.
Summary: Stellar Lumens desktop wallets
Desktop Wallets for Stellar Lumens offer very good protection, but do not come close to the security level of hardware wallets. Nevertheless, as a free option, they have the advantage that the private key is stored exclusively on the user’s computer.

The disadvantage of this is that the private key is connected to the Internet (if your PC is connected to the Internet). However, if the computer is protected with anti-virus and anti-malware software, desktop wallets offer a very good level of security.

Mobile Stellar Lumens wallets for iOS and Android

Mobile wallets are programs (apps) that, as the name suggests, can be installed on a smartphone and then offer the advantage that you can also make transactions while on the move. Beyond this feature, they are very similar to desktop wallets.

The private keys are stored on the user’s terminal device, just like in a desktop wallet. Like your computer, your smartphone (probably) is also permanently connected to the Internet, potentially putting your private keys at risk.

The topic is even more critical for smartphones, as many smartphone users use public hotspots in cafés, restaurants or at the airport. The problem is that hotspots are public networks in which your data is transmitted completely unencrypted.

If you don’t use a data encryption yourself, the login data to your exchange account or your wallet can be stolen, for example. This makes it all the more important to protect a mobile wallet in the best possible way when using it.

The following overview provides an overview of the advantages and disadvantages of mobile wallets:

The advantages of mobile Stellar Lumens wallets are:
✅ Access to Stellar Lumens (XLM) via Smartphone
✅ No acquisition costs – use is free of charge
✅ More cryptocurrencies than just Stellar Lumens are often supported.
✅ The user interface is often simple and intuitive.

The disadvantages are as follows:
Less security than a hardware wallet
❌ No deposit insurance, as offered e.g. by eToro Wallet
❌ Vulnerable to hacker or phishing attacks

The selection of mobile Stellar wallets is rather limited. A few wallets are recommended on the official Stellar Foundation website. However, in various online forums and Reddit there are also some negative testimonials. So the Lobstr wallet is recommended. Experience reports, like this one, have kept us from recommending more mobile wallets for Stellar.

The best Stellar Lumens wallets for iOS and Android
  1. Infinito wallet (iOS und Android)
  2. Stargazer Stellar wallet (Android)

1.Infinito wallet

Infinito Wallet Cardano

Since there is no mobile Stellar Wallet, which is developed exclusively for XLM and can convince all along the line, the Infinito wallet is our top recommendation. The Infinito is a Multi-Coin-Wallet, which is exclusively available for iOS and Android and has over one million active users worldwide. Since 2017, it has been developed by the Infinity Blockchain Group, a company headquartered in Singapore.

The Infinito wallet is a hierarchically deterministic (HD) wallet that places great emphasis on security and ease of use. To protect the wallet, the user can assign a password, touch ID and passphrase. Furthermore, the private keys are stored locally on the user’s smartphone and not on centralized servers.

For each transaction, a new address is generated, which is connected to the “original address” (= HD-Wallet), which is very important from the aspect of improving anonymity. A further plus point with regard to security is that the Infinito wallet has been audited by the IT security company Smart Dec.

In addition to the very good security level, the wallet scores particularly well with its numerous additional functions:

  • Touch-ID: The Touch-ID can optionally be used to unlock the account.
  • Contact management: Frequently used crypto addresses can be stored in a list, a kind of contact management.
  • Support for multiple languages: English, French, Russian, Korean, Vietnamese, Chinese and Japanese.
  • QR-Code-Scanner: Import of addresses via QR Scanner
  • Optimization of transaction speed: Economy, Regular or Premium
  • Import and export of private keys: The private keys can be imported and exported.
  • Crypto credit function: Cryptocurrencies can be loaned via the “Crypto Lending” function in order to earn passive income.
  • Export transaction history: Export your own transaction history, filtered by date and cryptocurrency.

Beside these numerous functions there is only one point of criticism! The Infinito wallet does not offer 2-factor authentication.

Supported cryptocurrencies
Bitcoin, Ethereum, Ethereum Classic, Bitcoin Cash, EOS, Litecoin, Stellar Lumens, DASH, NEO, DOGE, Ontology, Binance Coin, TomoChain, as well as all ERC20 Token, ETC Token, EOS Tokens, NEP-5 Token and BEP-2 Token.
Operation
The wallet is suitable for beginners, to allow an easy introduction without support, as well as for advanced users.
Transparency & Fees
The Infinito wallet is open source and therefore offers complete transparency.

Both the download from the App Store or Google Play Store, as well as the use are completely free of charge. As with all wallets, only the transaction fees of the Stellar Lumens Blockchain are charged. Users can choose transaction fees from three options – Economy, Regular and Premium

Security
The security of the wallet is good. The only drawback is the missing option for 2-factor authentication.

2.Stargazer Stellar wallet

Stargazer Stellar Wallet

The Stargazer is a Stellar wallet available for desktop and mobile devices (Android only). It is an uncomplicated interface to the Stellar Ledger that simplifies the process of sending and receiving lumens (XLM). There are several features that have made Stargazer popular. First, it is open source software, which means that the source code can be verified by anyone. In addition, it offers the possibility to create multiple accounts, set up Federated Addresses and has a multi-signature function integrated.

A big advantage of the wallet is its safety. So the private keys are stored locally, encrypted on the Android smartphone of the user. The encryption, decryption and signing of the transaction takes place within the app (within the keychain service in app/core/services/keychain.js). The only time an unencrypted private key leaves the App service is when an account is exported and the user does not use password protection.

There have been a number of complaints in the past about errors in the Stargazer wallet that did not allow users to send or receive XLM. However, they all seem to have been corrected by now. In addition, there have been no complaints about the impairment of the security of the wallet so far.

The functions of the wallet include:

  • Multiple accounts (personal and joint)
  • Send to: Stellar Addresses, Federated Addresses, E-mail Addresses
  • Creating/Receiving Multi-Sig/Multi-party Signing
  • Creation of a contact book
  • Add comments to transactions
  • Import/export of accounts
Supported cryptocurrencies
The Stargazer wallet only supports Stellar Lumens (XLM).
Bedienung
With Stargazer you get an easy to use and easy to learn XLM-Wallet, which is even suitable for beginners.
Transparency & Fees
The source code of the Stargazer Stellar wallet is open source and therefore completely transparent.

There is no charge for downloading the app. However, a minimum balance of 20 XLM is required and you can withdraw 19.5 XLM. Only the current minimum must be kept on the account (currently 0.5 XLM) to keep the account active.

Security
The security of the wallet is very good. In particular, the multi-sig feature is very important and provides an additional layer of security, requiring transactions to be signed by multiple accounts/private keys.
Summary: Stellar Lumen wallets for iOS and Android
The selection of proven and safe XLM wallets is rather small, so you should choose between one of the two presented wallets. Mobile wallets generally offer good protection, which is lower than hardware wallets, but better than online wallets. In contrast to the latter, users of mobile wallets retain control over their private keys, as these are stored on the user’s smartphone.

Stellar Lumens online wallets

Online wallets are among the most popular wallets on the market, although they offer the lowest level of security. This is mainly due to the fact that no installation but only a registration is required. Thus they make a fast entrance possible in particular for beginners.

This is especially true for wallets on cryptocurrency exchanges, which newcomers are very happy to use to store their cryptocurrencies. What users of Exchange wallets must be aware of is that the trading platform is in possession of the Private Key. Since exchanges are a popular target for hackers, the user must fully trust the platform. On the other hand, there are Stellar Lumens specific wallets. Here at a whole, Stellar Account Viewer should be mentioned first.

Below we have compiled an overview of the advantages and disadvantages of online wallets:

The advantages of Stellar Lumens Online wallets:
✅ Access from anywhere in the world where an Internet connection exists
✅ Exchange wallets enable trading out of the Wallet
✅ In the case of exchange wallets, there is no installation work required.
✅ You can define limits for maximum payouts per transaction.
✅ The user interface is often very simple and intuitive.
✅ Often very good customer support

The disadvantages of Stellar Lumens Online wallets:
❌ Lower security standard than hardware, desktop and smartphone wallets
❌ The management of the private keys is (often) transferred to a third party.
❌ Greater likelihood of hacking or phishing attacks
❌ Some web wallet vendors have turned out to be SCAM in the past.

Best Stellar Lumens Online wallets
  1. Stellar Account Viewer
  2. Binance
  3. eToro

1.Stellar Account Viewer

stellar account viewer

Due to the lack of secure and trustworthy online wallets developed specifically for Stellar Lumen (XLM), the Stellar Account Viewer is our top recommendation, even if the tool is not really a wallet!

The Stellar Account Viewer is a simple tool offered by the Stellar Foundation, on the official website (stellar.org), to create an account in the Stellar network (creation of a public and private key), display and perform transactions with it. No more, no less! In order to carry out transactions, only the Private Key must be entered on the website, which also serves as the login for the account.

Note: Even if the Stellar Account Viewer is ranked first in our online wallet ranking, you should still look for another option for long-term investments. A good option might be to print the Private Key and store it offline (=”paper wallet”). If you own a Ledger or Trezor hardware wallet, you can use it in combination with the Stellar Account Viewer to store your private key.

Supported cryptocurrencies
Only Stellar Lumen (XLM) is supported.
Operation
Due to the rudimentary functions and the clear user interface the operation is very simple. You don’t even need a login to use it.
Transparency & Fees
The source code of the Stellar Account Viewer is available on GitHub and completely transparent. No fees are charged for the use.
Security
The security of the wallet is sufficient, but by far not optimal. After you have created an account on the Stellar Network and a private key, you are responsible for storing the (not yet encrypted) access key securely. Here it is definitely a good idea to create a paper wallet by printing the public and private keys on a piece of paper.

Under no circumstances should you store the private key unencrypted, in a plain text file on your PC! Also, when you visit the website, always check that it is the official website and not a fake website!

2.Binance wallet

Binance

From our point of view, storing Stellar Lumens (XLM) on Binance is only a good idea if you want to trade actively with XLM. For this purpose, Binance, one of the world’s largest and most popular cryptocurrency exchanges, offers over 150 cryptocurrencies. Stellar Lumens is one of these cryptocurrencies that can be traded against Bitcoin, Ethereum, Binance Coin and Tether.

If you use the Binance Wallet, you should be aware of the disadvantages. On the one hand, Binance is in possession of your private keys, so you must rely on sufficient protection. Secondly, Binance is a popular target for hacker attacks. The numerous hacks of cryptocurrency exchanges in recent years have shown how vulnerable cryptocurrency exchanges are.

Not even Binance is safe from attack, as demonstrated by a hack in May 2019, in which 7,000 BTC were stolen due to a vulnerability in the Binance API. It is true that Binance strengthened the security measures again immediately after the hack and compensated for the loss itself. Nevertheless, the hack clearly shows the vulnerability of exchange wallets. Our recommendation is therefore: Use the Binance wallet only as long as you trade in cryptocurrencies!

If you would like to set up a Binance account, you can do so via this link*.

Supported cryptocurrencies
Binance offers a wallet for each of the 150 cryptocurrencies offered for trading.
Operation
Due to the multitude of functions and options, the operation of the Binance user interface can be somewhat difficult for beginners. In our Binance Review we therefore explain in detail how you can use Binance correctly.
Transparency & Fees
Use of the Binance wallet is free of charge. Trading fees are charged, as you can read in our Binance Review.
Security
Binance is considered one of the safest exchanges in the world. However, you should only keep your Stellar Lumens on the exchange as long as you are actively trading. Hardware as well as desktop and mobile wallets offer better protection.

3.eToro wallet

eToro Wallet and Exchange

The eToro wallet is not a “classic” exchange wallet as you probably know it from Binance, Bitfinex or another cryptocurrency exchange. This is because eToro is not only a cryptocurrency broker, but also offers traditional financial instruments (such as ETFs, securities, etc.).

You can click on this link (click here*) to create an account and wallet with eToro.

**68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

Supported cryptocurrencies
15 cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Binance Coin (BNB), Cardano (ADA), Dash (DASH), EOS (EOS), Ethereum (ETH), Ethereum Classic (ETC), MIOTA (IOTA), NEO (NEO), Ripple (XRP), Stellar Lumens (XLM), Stellar Lumens (XLM), ZCash (ZEC),
Operation
For beginners as well as advanced traders, eToro offers a very modern and intuitive trading platform, with numerous advanced trading options.
Transparency & Fees
As described above, eToro charges fees. These can add up, especially when holding for a longer period of time. You can read in detail in our eToro test report when they occur and how high they are
Security
The deposit insurance of up to 20,000 USD per customer makes the eToro wallet a very secure option. However, you should keep in mind that the private keys are managed by eToro.

In the following we have summarized the most important aspects of the use of web wallets:

Summary
Online wallets offer the least protection! Because of this you should only use them at short notice if this is necessary. This can be the case, for example, if you want to trade on a cryptocurrency exchange. Then you can’t get around the use. On the other hand, the Stellar Account Viewer is recommended if you have created a paper wallet and want to send the XLM.

Stellar Lumen paper wallets

Creating a Stellar Lumen paper wallet can be a very good choice if you want to save XLM offline and don’t want to store it for a long time. Since the password, address and private key are “stored” on a piece of paper, hackers cannot access these data. Only when you want to send a transaction do you have to use a wallet. Receiving XLM also works “offline”, because you only have to give your (public) XLM address to the sender.

1.Stellar Account Viewer

Even though the Stellar Account Viewer is not directly a paper wallet generator, we believe it is still the best way to create a public and private key. It is offered on the official website, stellar.org, and can therefore be regarded as absolutely trustworthy.

After generating the keys you can print them out and keep the note offline so that no hacker can gain access to your XLM. When creating the Wallet, make sure that your PC is free of malware.

Further important information about the Stellar Lumens wallet test

Finally, we would like to give a hint: In this article, we have compiled the available information according to our best consciences and from our own experiences as well as from the experiences of acquaintances.

Despite all efforts on our part, you should seek further information and opinions. In the best case you should just install some wallets yourself and try them out. This is the best way to find out which wallet is best for you.

If you have a question or a suggestion for improvement, please leave us a comment. We are happy to help you and are open for constructive criticism! We would also appreciate a positive review if you liked our contribution to the best Stellar Lumen wallets!

[ratings]

Der Beitrag The best Stellar Lumens (XLM) wallets put to the test | Review and guide erschien zuerst auf Crypto News Flash.

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The best EOS wallets put to the test | Review and guide https://www.crypto-news-flash.com/eos-wallet-test-review/?utm_source=rss&utm_medium=rss&utm_campaign=eos-wallet-test-review Mon, 02 Sep 2019 08:41:39 +0000 https://www.crypto-news-flash.com/eos-wallet-test-review/ In this article we have compiled an overview of the best wallets for the cryptocurrency EOS. Our goal is to give you an overview of the currently available EOS wallets. We would also like to show you the special features of creating an EOS Wallet. In particular, we would like to explain how you can [...]

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In this article we have compiled an overview of the best wallets for the cryptocurrency EOS. Our goal is to give you an overview of the currently available EOS wallets. We would also like to show you the special features of creating an EOS Wallet. In particular, we would like to explain how you can set up an EOS account in the form of an address so that you can then import your private key and address into the wallet.

Before we dive into the topic, however, it is very important from our point of view to have a basic understanding of cryptography (the technology behind cryptocurrencies) and wallets. Therefore, we will first give you a short theoretical introduction to the topic. If you are already well informed, you can skip this part of the post.

The basic knowledge of cryptocurrency wallets:

You can imagine a wallet like a virtual wallet. In contrast to traditional wallets, however, in a crypto wallet it is not the coins themselves that are stored, but the access keys for them. The access keys are the so-called “private keys”. Depending on whether they are stored online or offline, all wallets can be divided into two types:

  • cold wallet
  • hot wallet

The distinguishing feature is the connection to the Internet. Cold wallets are the safest way to store cryptocurrencies, as the private keys never come into contact with the Internet. Due to this, hackers have no way to get the access keys to the wallet. In contrast, hot wallets have this point of attack because the private keys are stored on a device that is connected to the Internet.

This serious difference is also the reason why cold wallets are used by large crypto investment companies and cryptocurrency exchanges. In our opinion you should take a role model from this and also rely on a cold wallet solution. Small investors can choose between a paper wallet and a hardware wallet.

Not only cold wallets, but also hot wallets can be divided into three different types. They all have in common that they store the private keys on a medium that is connected to the Internet. The subspecies of hot wallets are:

  • EOS desktop wallets
  • EOS mobile wallets
  • EOS online wallets
What is the Private and public key?
A cryptographic method is used to encrypt data in cryptocurrencies: asymmetric cryptography. This means that a key pair consisting of a private key and a public key is used for encryption.

The private key is a randomly generated string that represents the ownership of the cryptocurrency. The public key is used to generate the public wallet address (is a hash version of the public key). In contrast to the wallet address, the private key is secret and should never be passed on to third parties. If you have the private key, you can access the wallet address and send the corresponding EOS.

Create an EOS Account

If you want to buy EOS (click here to read our guide) and create a wallet, you will come across a peculiarity that will initially be very confusing for many beginners. You have to create an EOS account! While a few wallets have already integrated this step into their software, others do not, which is why external software must be used.

In order to be able to use a Wallet, it is mandatory to set up a chargeable EOS Account in advance..

The “surprising” thing is that new accounts can only be created by someone with an existing account. If you don’t have a friend who has an EOS account, however, there are several websites and tools that can set up an EOS account for you for a fee. In addition, some wallets have already integrated this service to serve as a “friend”.

The best known site is currently: https://eos-account-creator.com/. In the following we want to explain the process to you briefly on the basis of the aforementioned website.

  • Step 1: Select Account Name

Once you have accessed the above website, you will need to specify an account name. An EOS Account Name must be exactly 12 characters long and may only consist of small letters and numbers up to 5. You can either make up your own name and check if it is still available or you can click on “I’m feeling lucky” to automatically generate a name.

Create EOS Account

  • Step 2: Generate Private und public keys

Then you have to generate the Private and public keys for your EOS account. To do so, we recommend the “Simple javascript generator”, which can be seen in the middle part of the website. This generator generates a public key and a corresponding private key. The public key is public for everyone. The private key is your secret. Therefore you must write it down on a piece of paper and keep it safe. You can use the first pair of keys for the “Owner” addresses.

After you have entered the “Owner public key”, you have to use the generator a second time for the “Active” addresses. You can enter the public key again on the website (under “Active public key”). The “Active”-private key is again your secret!

Generate EOS Public Key

The “Active” key is the key you will use for daily operations, such as interaction with dApps or money transfers. This is also the key that you can later enter into a wallet. If this key is compromised, there are “Owner” keys that you can use to restore control over your account and cancel outgoing transfers that have not yet been made, for example. The “owner” key is therefore also very important, since the person who owns it is the actual owner of the account. For both private keys, it is essential that you keep them safe offline.

  • Step 3: Payment of the EOS account

The cost of creating an EOS account on the aforementioned website is currently USD 6.37 for payment by cryptocurrency or USD 8.44 for payment by credit card. Included in the price are 0.2 EOS strokes and 4 KB RAM delegated to your newly created account.

Payment for EOS Account

  • Step 4: Set up an EOS Wallet

In the fourth step you can now download or set up an EOS Wallet. Please note, however, that some wallets have an EOS Account Generator integrated, so you can choose between the generator presented above and that of the wallet. If you have used the EOS Account Creator, you can also import the keys into (almost) any wallet.

The best EOS hardware wallets

Hardware wallets are by far the best option to store cryptocurrencies. They have the highest security standard and are more practical than paper wallets. While the private keys in hot wallets are connected to the Internet, in hardware wallets they are stored exclusively on the device.

Due to the architecture of the hardware wallet operating system, the private key stored in isolation will never have an conntection to the Internet even if an EOS transaction is released. The architecture makes it almost impossible for hackers to gain access to the private key.

In addition, hardware wallets are also very well protected if the device itself is stolen. All hardware wallets presented in the following section have both PIN and 2-factor authentication, making it very difficult to steal the stored EOS from the hardware wallet even in the event of physical theft.

For us hardware wallets are an absolute must-have if you want to invest in EOS or other cryptocurrencies in the long run. In relation to your investment the prices for a hardware wallet are very low. Even our test winner, the Ledger Nano X, is comparatively inexpensive with 120 euros. If this is too expensive for you, you should have a look at the Ledger Nano S, which costs only 60 Euro and offers an unbeatable price/performance ratio.

In the following box we have compiled a summary of the advantages and disadvantages of hardware wallets:

The advantages of EOS hardware wallets:
✅ Highest security standard
✅ Storage of private keys offline
✅ Support for over 1,000 cryptocurrencies
✅ Confirm each transaction by pressing a button
✅ Regular updates
✅ Very good customer support

The disadvantages of hardware wallets are:
Not free of charge
❌ No deposit insurance, as with eToro

The best 3 Hardware Wallets in 2019
Hardware WalletInfoTest
Ledger Nano X kaufen

⚡ OUR test champion: The Ledger Nano X
✅ Manage 100 cryptocurrencies simultaneously
✅ Compatible with more than 1,100 cryptocurrencies
✅ Bluetooth connection for mobile wallet
✅ New flagship of the market leader
⛔ Price: 119,90 € - in the middle range

Testbericht lesen

Read our review

Ledger Nano S kaufen

⚡ Best price/performance ratio: The Ledger Nano S
✅ Very good Price: 59,90 €
✅ Compatible with more than 1,100 cryptocurrencies
✅ Proven quality: more than 1.3 million units already sold
⛔ Manage max. 5 cryptocurrencies simultaneously

Testbericht Ledger Nano S

Read our review

Trezor Model T kaufen

⚡ 3rd place: The Trezor Model T
✅ Over 1,000 cryptocurrencies supported
✅ Proven quality from Trezor
✅ Firmware is not installed on the device until you start it
⛔ In comparison to the Nano X: less features and functions 
⛔ High price: about 180 €

Testbericht Trezor Model T

Read our review

1.Ledger Nano X

The Ledger Nano X is our test winner of 8 hardware wallets we have tested. Of these 8 wallets, however, only three support the EOS cryptocurrency. One of these is the Ledger Nano X, which was launched on the market in May 2019 as the successor to the Ledger Nano S.

Compared to its predecessor, it has some new features. The most striking change is certainly the new Bluetooth function, which allows the Nano X to be paired with a smartphone. Via the Ledger Live App the Nano X can be operated like a mobile Smartphone Wallet.

Furthermore, the Ledger Nano X contains an improved security chip, which should make the hardware wallet even more secure. In addition, the Nano X has a much larger memory than the Nano S, which means that up to 100 apps for cryptocurrencies, security features, etc. can now be installed on the device. The fourth major change is the enlargement of the display, which makes it much easier to check the EOS address before releasing a transaction.

Conclusion: From our point of view there is currently no better hardware wallet than the Ledger Nano X! Ledger sets a new standard in terms of both functionality and operation that can be surpassed.

Supported cryptocurrencies
The Legder Nano X can store the private keys of over 1,100 different cryptocurrencies. In addition, new cryptocurrencies are constantly being added.

An advantage of the Nano X over the Nano S is that up to 100 apps can be installed on the device at the same time and thus up to 100 cryptocurrencies can be managed simultaneously.

Operation
Operation of the Ledger Nano X is very simple and intuitive. This is done using the 2 buttons on the top of the unit. In addition to the hardware, the Ledger Live App is needed to view the performance of your portfolio and to send and receive cryptocurrencies.
Transparency & Fees
The Ledger Software is Open Source and therefore accessible to everyone. However, the code of the operating system is secret.

The fees incurred for a transaction by EOS are transparent or can be adjusted. They correspond to the network charges. Ledger itself does not charge any fees.

Security
Ledger’s technology is considered the industry leader. This applies not only to the private customer segment, but also to the corporate segment. The French company has numerous cooperations, including with Neufund, blockchain.com and Switcheo. In addition, the global Samsung Group announced a 2.6 million USD investment in April 2019.

Although there was initially a big outcry in the crypto community that the Bluetooth feature was not secure, it is not a security hole. Ledger explained that only non-critical data (not the private key and not the recovery seed) is transferred via Bluetooth. Furthermore, a release with the Ledger Nano X is always necessary to send transactions. So you can use the Bluetooth function without hesitation

2.Ledger Nano S

Although the Ledger Nano S got replaced by the Nano X, there are still good reasons to buy the Ledger Nano S. It has been purchased more than 1.3 million times worldwide, which speaks for a very strong and reliable security of the wallet. So far, no cryptocurrencies have been stolen from the Nano S.

The second big plus point of the Nano S is the currently low price of only 59 euros. Who can live without the new functions of the Ledger Nano X and wants to manage only a small number of cryptocurrencies, e.g. only EOS and Bitcoin, gets a hardware wallet whose price/performance ratio is unbeatable.

Supported cryptocurrencies
The Nano S is operated with the same Ledger Live software as the Nano X, so that the software (also for the Nano S) is always further developed. Ledger Live allows the Nano S to manage over 1,100 different cryptocurrencies. Because of the smaller memory only 5 apps can be installed at the same time. This means that users must always install and uninstall the various cryptocurrency apps (the data / account balances will not be lost!) if more than 5 cryptocurrencies (or their private keys) are to be stored on the wallet. If you don’t mind this small effort, the Nano S is the best choice for you.
Operation
The operation of the Ledger Nano S is also very simple and intuitive. This is done via the 2 buttons on the device. Additionally the Ledger Live App is required. The software allows you to send and receive cryptocurrencies and view your portfolio in real time.
Transparency & Fees
The Ledger Live Software is Open Source Software and therefore completely transparent. However, the operating system of the Ledger hardware wallets is a trade secret.

The fees for a transaction (network fees) are transparently listed in the Ledger Live Software. Ledger itself does not charge any fees for using the software.

Security
Ledger’s technologies are industry-leading and are not only implemented in Ledger’s hardware wallets, but are also used by various companies to store the private keys of cryptocurrencies.

3.Trezor Model T

Also in May 2019 SatoshiLabs has presented a new hardware wallet with the Trezor Model T. Just like Ledger, SatoshiLabs has completely redesigned its long-standing success model, the Trezor One, and launched a hardware wallet with numerous new features and improvements.

Compared to the Trezor One, the hardware wallet now supports significantly more cryptocurrencies, which is realized via the new Trezor Bridge software (which is only compatible with the Model T and not the Trezor One). It serves as a “bridge” between the Trezor Hardware wallet and numerous third-party software wallets. In the case of EOS, this is the less well-known Bloks.io Web Wallet. In addition, the Trezor Model T offers the following functions and new features:

  • Touchscreen: The Trezor Model T has received a touch screen for releasing the transactions on the device.
  • Firmware upgrade: The firmware (Trezor Core) has been completely renewed and improved from a security point of view.
  • Faster processor: In addition, the new model has a faster processor, which makes operation even smoother.
  • Micro SD card slot: A Micro SD card slot has also been added that can be used for data encryption.
  • USB-C port: The old port has been replaced by a modern USB-C port.

Conclusion: The Ledger Nano X performs better than the Trezor Model T in a direct price/performance comparison. The Nano X is around 60 euros cheaper and also has more functions. Nevertheless, the Trezor Model T is one of the best hardware wallets on the market. Supporters of the Trezor wallets point out that, unlike Ledger, the code for all components of the Trezor hardware wallets is open source. It thus offers greater transparency.

Supported cryptocurrencies
The Trezor Model T can manage more than 1,000 different cryptocurrencies. It is a pity that not all coins can be sent and received directly with the Trezor Bridge software (currently only 51 cryptocurrencies). The remaining cryptocurrencies must be managed by third-party software, e.g. Bloks.io, MyEtherWallet, etc. You can find a complete list of all coins under this link.
Operation
The Trezor Model T is much higher quality than its predecessor. In addition, the new Trezor Bridge software offers numerous new, useful functions.
Transparency & Fees
The Trezor software and hardware is largely open source and publicly available on GitHub. The code was designed by Trezor with third-party extensibility in mind.

Before sending a transaction, the amount of the transaction fee can be set according to priority. There are no additional fees (other than network fees) for using the Trezor software.

Security
Ledger and Trezor are the best known and most popular manufacturers of hardware wallets worldwide. There is a good reason for this. With the Trezor One, Trezor has the longest experience in the development of hardware wallets.

The best EOS desktop- and mobile wallets

In contrast to hardware wallets, desktop and mobile wallets are hot wallets. These are programs that are installed on a computer or smartphone. After installation, EOS can be sent and received via the software. However, the wallets differ in some respects with regard to their functional scope.

While EOS specific wallets, such as the Greymass or SimplEOS Wallet, offer the advantage that they are fully compatible with the EOS ecosystem and can be used via decentralized applications (dApps) on the EOS blockchain, multi-coin wallets offer numerous other useful functions. Depending on which functions are more important to you, you should choose your wallet.

If one considers the security standard of desktop and mobile wallets and classifies them in a ranking, they can be classified between hardware and web wallets. Compared to web wallets, they have the advantage that the private keys are stored on your own computer and not on an external server. However, they do not offer by far the same security as a hardware wallet.

Desktop as well as mobile wallets are our top recommendation if you are looking for a free wallet for EOS. Below you will find an overview of the advantages and disadvantages:

The advantages of EOS desktop and mobile wallets:
✅ Sole control over the private keys
✅ Use of the EOS dApp ecosystem (via special EOS wallets)
✅ Higher security than with online wallets
✅ Mobile Wallets: access to EOS via smartphone
✅ Multi-join wallets support over 100 cryptocurrencies

The disadvantages of EOS desktop and mobile wallets:
❌ Less security than with a hardware wallet (more vulnerable to hacker attacks)
❌ Responsibility to install regular updates
❌ No deposit insurance, as with eToro

Below you will find our top recommendations for secure and reputable EOS desktop and mobile wallets:

The best EOS desktop- and smartphone wallets (iOS and Android)
  1. SimplEOS wallet (desktop wallet)
  2. Infinito wallet (mobile wallet)
  3. GreyMass EOS Voter wallet (desktop wallet)
  4. Atomic wallet (desktop – and mobile wallet)
  5. Exodus wallet (desktop – and mobile wallet)

1.SimplEOS Wallet

simpleEOS Wallet

The SimplEOS wallet was specially developed for the EOS platform and therefore offers all the functions provided by the EOS.io software. The wallet is developed by EOS Rio, a block producer of EOS, and is recognized as an ‘official’ EOS wallet by the EOS community and other block producers. The wallet only stores the private keys locally. In addition, they can be encrypted with a user-defined password of more than 10 characters. Another advantage is the very clear user interface, which is very easy to use.

The numerous functions of the SimplEOS wallet include:

  • Support of airdrops of the EOS ecosystem
  • Staking for RAM and bandwidth
  • Voting for block producers
  • Using EOS dApps
  • Contact list and transaction history management
  • Creation of multiple accounts
  • Importing the Exodus wallet
  • Integration of the Block Explorer EOS Flare

It is important to know that with the SimplEOS wallet you can also create an EOS account from within the Wallet. However, payment is only possible in EOS, so you must already own EOS on Binance or another cryptocurrency exchange in order to use this function.

Conclusion: SimplEOS supports practically all functions offered by the EOS ecosystem. In this respect, the SimplEOS wallet is clearly aimed at users who not only see EOS as an investment, but also want to participate in the EOS ecosystem. The software can be downloaded for the Windows, Linux and MacOS operating systems from the official website.

Supported cryptocurrencies
The SimplEOS wallet only supports EOS, as well as tokens based on the EOS blockchain.
Operation
Both the installation and the operation are very simple. The wallet is therefore also ideally suited for beginners who want to participate in the EOS ecosystem and use decentralized applications from EOS.
Transparency & Fees
The SimplEOS is an open source wallet. This means that the source code is completely transparent and has been reviewed by the EOS community.

There are no additional costs for the use (after the creation of the EOS account.

Security
The level of security and anonymity of the wallet is very good. The private keys are stored locally on the user’s computer and are not transmitted at any time.

2.Infinito Wallet

Infinito Wallet Cardano

The Infinito is a Multi-Coin-Wallet, which is only available as Smartphone version for iOS and Android and is developed by the Infinity Blockchain Group. The wallet was released in 2017 and has since been used by over a million users worldwide.

Since it is a hierarchically deterministic (HD) wallet, the security of the wallet can be rated as good. A password, touch ID and passphrase are available to protect the wallet. In addition, the private keys are stored locally on the user’s smartphone and not on centralized servers. A further security advantage is that the Infinito wallet has been audited by the IT security company Smart Dec.

The great strength of the wallet, however, are the numerous functions that set it apart from other multi-coin wallets and make it the best mobile EOS wallet:

  • dApp-Browser for EOS: The dApp-Browser “App Square” enables the user not only to keep his cryptocurrencies, but also to use them in decentralized applications (dApps) of EOS, Ethereum, NEO, Ontology and the Binance Chain.
  • Contact management: Frequently used crypto addresses can be stored in a kind of contact management.
  • Touch-ID: Touch-ID can optionally be used to unlock the wallet.
  • Multilingual: English, French, Russian, Korean, Vietnamese, Chinese and Japanese.
  • QR code scanner: Addresses can be imported very easily using the QR scanner.
  • Import and export of private keys: Any private key of all supported cryptocurrencies can be imported and exported.
  • Crypto credit function: Cryptocurrencies can be loaned via the “crypto lending” function in order to earn passive income.
  • Export transaction history: Display and export your own transaction history, filtered by date and cryptocurrency.

Beside these numerous functions there is only one big point of criticism! The Infinito wallet does not offer 2-factor authentication. Furthermore, you should know that the Infinito does not have an integrated EOS Account Generator, so you should use our recommendation, the ‘EOS Account Creator’.

Supported cryptocurrencies
Bitcoin, Ethereum, Stellar, Ethereum Classic, Bitcoin Cash, EOS, Litecoin, Cardano, DASH, NEO, DOGE, Ontology, Binance Coin, TomoChain, sowie alle ERC20 Token, ETC Token, EOS Tokens, NEP-5 Token und BEP-2 Token.
Operation
The wallet is suitable for beginners, to allow an easy introduction without support, as well as for advanced users.
Transparency & Fees
The Infinito wallet is open source and therefore offers complete transparency.

Both the download from the App Store or Google Play Store and the use are completely free of charge. An external service must be used to create the chargeable EOS Account, as this function is not integrated in the Infinito Wallet.

Security
The security of the wallet is good. The only drawback is the missing option for 2-factor authentication.

3.Greymass EOS Voter wallet

Greymass EOS Voter wallet

The GreyMass EOS Voter is a light client and desktop wallet released by Team GreyMass, a block producer of EOS. The wallet was created in the first days of the EOS mainnet because the developers of GreyMass wanted to develop a simple EOS voting tool so that everyone could participate in the EOS Delegated Proof of Stake. In addition to the usual wallet functions, the wallet has the following features:

  • Vote on the block producers: Via the wallet you can directly select a block producer you would like to support.
  • CPU / Bandwidth Staking: You can stack your EOS for either bandwidth or CPU to get rights to use these resources on the network.

The security of the wallet is very good. When using the GreyMass Wallet, all transactions within the application are signed and the private keys are stored locally on the user’s computer and never transferred to third parties. If a local wallet password is specified, it will be encrypted with AES-256 encryption.

A disadvantage of the wallet is that it is designed to be particularly user-friendly. On the one hand the user interface is a bit confusing, on the other hand a download exclusively from GitHub in the form of a zip file is possible. Thus the installation can already be a first obstacle for beginners. In this respect, from our point of view the wallet is aimed more at advanced users who would like to participate in EOS Staking.

The GreyMass wallet is available via this link to GitHub for Windows and Mac: https://github.com/greymass/eos-voter.

Supported cryptocurrencies
The GreyMass EOS Voter wallet only supports EOS.
Operation
Both the installation and the operation are not quite easy. The wallet is aimed at advanced EOS users who wish to participate in staking.
Transparency & Fees
The source code of the GreyMass EOS Voter wallet is open source and therefore completely transparent. There are no additional costs for the use (after the creation of the EOS account.
Security
The level of security and anonymity of the wallet is very good. The private keys are stored locally on the user’s computer and are not transferred at any time.

4.Atomic wallet

Atomic Wallet

If you see EOS as a pure investment, don’t want to use EOS decentralized applications and don’t want to participate in the voting of the EOS block producers, the Atomic wallet could be a very good choice for you. The Atomic wallet is a multi-coin-wallet , which addresses itself above all to users, who want to administer different cryptocurrencies in a Wallet.

With over 300 cryptocurrencies, the Atomic Wallet can meet this requirement perfectly. With the multi-coin-wallets there is hardly a Wallet, which can administer a larger number of different cryptocurrencies.

This is probably one reason why the wallet is so popular in the community. It was released in 2017 by Konstantin Gladych, CEO and co-founder of Changelly.com. Another reason is certainly that the developers have focused their development on three central demands of the crypto industry:

  • Security,
  • Anonymity and
  • Decentralization.

In accordance with these requirements, both the private keys and transaction data are stored in encrypted form on the user’s terminal device. Neither the developers nor other third parties have access to it. The third requirement – decentralisation – is implemented by the fact that the wallet has integrated Atomic swaps.

This enables users to exchange cryptocurrencies directly with each other, peer-to-peer, without the need for a third party to act as an intermediary. For cryptocurrencies that are not yet supported via Atomic Swaps, the Atomic wallet provides the Changelly and ShapeShift services integrated into the Wallet.

In addition, the Atomic wallet has a cooperation with EOS, whereby an EOS account can be created from the wallet, as the following video shows.

The wallet is available on the official website for Windows, Mac, Ubuntu, Debian and Fedora. The mobile versions for iOS and Android are also available from the App Store and Google Play Store.

Supported cryptocurrencies
Currently the Atomic wallet supports over 300 cryptocurrencies, including all known cryptocurrencies and all ERC20 tokens.
Operation
The installation of the wallet is done with a few clicks. At least as easy to use is the user interface, which should be self-explanatory even for absolute beginners.
Transparency & Fees

The Atomic wallet is a community-based product that uses open source libraries, block explorers, and other components. However, in order to ensure the security of the wallet, some of the developments will be kept secret.

There are no fees for using the Atomic wallet other than the cost of setting up the EOS Account. In addition, fees are charged for the additional features (Atomic Swaps, Changelly and ShapeShift.

Security
The wallet does not request any personal data from its users. In addition, all data is transmitted in encrypted form. The control of the Private Keys is the exclusive responsibility of the user, so that nobody else has access. Furthermore, a backup phrase can be created for the recovery case.

5.Exodus wallet

Exodus Wallet

The Exodus wallet is also a Multi-Coin wallet that can manage more than 100 cryptocurrencies and display their value in over 30 different Fiat currencies. The wallet is one of the oldest Multi-Coin wallets on the market and was released in July 2016. The wallet has three main components:

  • the Multi-Coin Wallet,
  • a portfolio tracker (in 30 Fiat currencies)
  • and an integrated exchange service from ShapeShift.

In addition to these functions, the Exodus wallet offers a good basic protection for your EOS. Neither the developers nor other third parties have access to your private keys, as they are stored locally and encrypted on your computer. However, in the crypto community there are also two criticisms of the wallet.

For example, the backup function by e-mail is criticized because sending by e-mail is classified as potentially insecure. On the other hand, the lack of the possibility of two-factor authentication is criticised. Both facts show that the security can be classified as rather mediocre, since attackers only have to hack the password via the e-mail backup and then already have full access to the wallet.

From the point of view of EOS users, there are also three other disadvantages:

  • EOS Airdrops are credited to the account, but cannot (yet) be accessed or managed via the Exodus Wallet. The Airdrop tokens can only be viewed in EOS Block Explorer.
  • Currently, it is not possible to vote for block producers within Exodus. For this you have to use another wallet like GreyMass Voter, SimplEOS or Scatter.
  • It is currently not possible to create multiple accounts within Exodus.

If these are not K.O. criteria for you, you can follow the link, which will take you directly to the official website of the wallet (click here!). The wallet is available as desktop version for Windows, Mac and Linux. Smartphone versions for iOS and Android are also available.

Supported cryptocurrencies
The Exodus wallet supports over 100 cryptocurrencies including Bitcoin, Ethereum, EOS, Litecoin, EOS, Monero, Binance Coin, Tron, Stellar, XRP, Vechain and Monero as well as a variety of ERC20 tokens.
Operation
The wallet is known for its ease of use and intuitive design. A special feature of the wallet is that the portfolio balances can be displayed in over 30 fiat currencies.
Transparency & Fees
Within the crypto community the Exodus wallet has one (further) big criticism: The wallet is not open source. Accordingly, the users of the wallet must trust the developers and rely on the trustworthiness of the developers of the Wallet.

In principle, there are no additional fees for the Exodus Wallet. Only when using the built-in Shapeshift service to exchange cryptocurrencies do variable fees of 2-5 percent apply.

Security
During the initial installation, the users are prompted to create a 12-word recovery seed phrase. In case your computer breaks down, the wallet can be restored. Beyond that no personal data of the users are stored on the servers of Exodus. The private keys and transaction data are encrypted and stored locally on the mobile devices.

The best online wallets for EOS

The great advantage of online wallets is that they can be set up very quickly and used immediately. Unlike the other wallets, no installation or backup is necessary. All users have to do is create an account and usually enter only a small amount of information.

It is important to know that there are two types of online wallets. The better known type are the wallets of the cryptocurrency exchanges. They offer the advantage that the user not only owns a wallet but can also use the trading platform to trade and buy cryptocurrencies. This is probably also the main reason why exchange wallets are among the most popular wallets, although they have some serious disadvantages.

Thus the private keys are stored by the cryptocurrency exchange. As a result, users must be confident that the vendor is storing EOS and other cryptocurrencies securely and protecting them from hacker attacks. The second type are EOS-based specific developments of online wallets. In this category there is currently no recommended wallet from our point of view, after the Scatter web wallet was discontinued and is now only available as a desktop version.

Below we have compiled an overview of all the advantages and disadvantages of online wallets:

The advantages of EOS online wallets:
✅ Access from anywhere in the world where an Internet connection exists
✅ Exchange wallets enable trading out of the Wallet
✅ In the case of exchange wallets, there is no installation work required.
✅ You can define limits for maximum payouts per transaction.
✅ The user interface is often very simple and intuitive.
✅ Often very good customer support

The disadvantages of EOS online wallets:
❌ Lower Security standard as hardware and desktop and smartphone wallets
❌ The management of the private keys is (often) transferred to a third party.
❌ Danger of market hacks
❌ Some web wallet vendors have turned out to be scam in the past

The best EOS online wallets
  1. Binance
  2. eToro

1.Binance wallet

Binance

Binance is one of the best options for an exchange wallet if you want to trade with cryptocurrencies. Binance has earned a very good reputation over the past few years and is therefore very popular in the crypto community. Nevertheless, you should be aware that storing your EOS on Binance is the most insecure storage solution. The Private Keys are owned by Binance and are stored by the exchange on the company servers (or cold storages).

In May 2019, Binance experienced one of the biggest hacks (after Mt. Gox) in Bitcoin’s young history when 7,000 BTCs were stolen when a vulnerability in the Binance API was exploited. Even though Binance took responsibility for the hack, did not pass the loss on to its customers and significantly increased its security measures after the hack, this clearly demonstrates the vulnerability of exchange wallets.

Our tip is therefore that you should only use the Binance wallet as long as you actively trade in cryptocurrencies. For long-term storage, you should transfer EOS to another wallet, preferably a hardware wallet.

If you would like to register an account on Binance, you can do so via this link*.

Supported cryptocurrencies
Over 150 cryptocurrencies: All cryptocurrencies traded at Binance can also be stored via the web wallets.
Operation
The handling of the platform can be a bit complicated and confusing for beginners. In our Binance Review, we explain in detail how you can make full use of the platform.
Transparency & Fees
Use of the Binance wallets is free of charge. Trading fees are charged, as you can read in our Binance Review
Security
Binance is considered one of the safest exchanges in the world. Nevertheless, you should only keep your EOS on the exchange as long as you are actively trading.

2.eToro wallet

eToro Wallet and Exchange

Our second choice is eToro, which, however, only appeals to residents outside of the US and UK (as of 01/2021). eToro is one of the largest CFD providers in the world and offers various cryptocurrencies in “physical form” as well as CFD (outside of the two aforementioned regions). Due to its high security standards and reputation, eToro can be a good option for custody in our view.

For more information, you can read our eToro review. If you want to sign up for the wallet, you can use this link (click here*) to create an account with eToro.

**68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

Supported cryptocurrencies
15 cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), Dash (DASH), Ethereum Classic (ETC), Cardano (ADA), MIOTA (IOTA), Stellar Lumens (XLM), EOS (EOS), NEO (NEO), Tron (TRX), ZCash (ZEC), Binance Coin (BNB)
Operation
For beginners as well as advanced traders eToro offers a very clear and intuitive trading platform, with numerous advanced trading options.
Transparency & Fees
As described above, eToro charges fees. These can add up, especially when holding for a longer period of time. You can read in detail in our eToro review when they occur and how high they are.

Below we have summarized the advantages and disadvantages of Web wallets:

Summary

Exchange wallets are very convenient and practical, because you can trade cryptocurrencies without any major detours. However, they have the serious disadvantage that you are not in possession of the Private Keys and exchanges are popular targets for hacker attacks. You should therefore never keep EOS permanently on an exchange such as Binance, Bitfinex, CEX.IO or Bittrex.

Further important information about the EOS wallet test

The information presented was compiled to the best of our knowledge and experience. Therefore, you should gather more information yourself and test different wallets to find the best one for you.

If you have any questions or suggestions about our EOS wallet test, please leave us a comment. We’ll be glad to help you! If you liked this article about the best EOS Wallets, we would appreciate a positive review!

[ratings]

Der Beitrag The best EOS wallets put to the test | Review and guide erschien zuerst auf Crypto News Flash.

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The best Tron (TRX) Wallets in the test | Review and guide https://www.crypto-news-flash.com/tron-trx-wallet-review-test/?utm_source=rss&utm_medium=rss&utm_campaign=tron-trx-wallet-review-test Mon, 26 Aug 2019 12:13:16 +0000 https://www.crypto-news-flash.com/tron-trx-wallet-review-test/ In this guide we introduce you to the best Tron (TRX) wallets, sorted by hardware, desktop, smartphone and online wallet. But before we delve deeper into the topic, it is important that you understand how the different wallet types differ and what advantages and disadvantages they offer. Therefore, a small theoretical introduction to the topic [...]

Der Beitrag The best Tron (TRX) Wallets in the test | Review and guide erschien zuerst auf Crypto News Flash.

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In this guide we introduce you to the best Tron (TRX) wallets, sorted by hardware, desktop, smartphone and online wallet. But before we delve deeper into the topic, it is important that you understand how the different wallet types differ and what advantages and disadvantages they offer.

Therefore, a small theoretical introduction to the topic follows. If you are already familiar with the subject, you can skip this section and go to the best hardware wallets for Tron (TRX).

The basic knowledge of cryptocurrency wallets:
You can imagine a wallet for Tron (TRX) as a digital purse. The wallet is responsible for storing the access keys for the cryptocurrency. The access key is the private key. In principle, these can be managed in two categories of wallets:

  • cold wallet or
  • hot wallet.

These two types of wallet can be distinguished by the “Internet connection” feature. Cold wallets are so called because the private keys never come into contact with the Internet. Colloquially it is also said that the cryptocurrencies are stored “offline”.

In other words, however, it should mean that the private keys are stored offline. In contrast, hot wallets have a connection to the Internet, which is why they are considered less secure from a security point of view. Because of the Internet connection, hackers have a point of attack: the moment the transaction is signed (i.e. released) using the private key, hackers can access the private key and gain control over the cryptocurrency.

This essential difference, which significantly influences the security of the wallet, is also the reason why investment companies and cryptocurrency exchanges store the majority of their customers’ money on cold wallets in order to store Tron (TRX) and other cryptocurrencies as securely as possible.

In our opinion you should take this as a role model! In the private customer segment, cold wallets can be purchased in the form of hardware wallets. These are mostly small devices that are used to store the private keys on them and release transactions via them.

In addition to the cold wallets, the hot wallets can be categorized into three types. These differ in that the “private keys” are stored on different media. The subcategories of hot wallets are:

  • Tron desktop wallets
  • Tron mobile wallets
  • Tron online wallets
What is the Private and Public Key?

The terms private key and public key originate from information technology, especially from asymmetric cryptography, which is used to encrypt data in cryptocurrencies. A private key is a randomly generated string that represents the ownership of the cryptocurrency and allows you to send Tron.

Therefore the private key must never be passed on. If you control the private key, you can also access the corresponding address and send the corresponding TRX. The wallet address is a hash version of the public key, which cannot be reversed thanks to cryptography. In contrast to the private key, the public key or wallet address is not secret.

Furthermore, we would like to give you two pieces of advice in advance:

1.Even before buying Tron (click here to read our guide) you should know which wallet you want to use. This allows you to enter your own wallet address during the purchase process and save time and money.

2.In addition, we would like to expressly point out that the storage of Tron (TRX) on an online wallet of an exchange or broker is the worst and least secure option. On the one hand, you don’t have control over the private key. On the other hand, cryptocurrency exchanges are very popular targets for hacker attacks. The list of exchanges that have already been hacked is really long! Our second advice is therefore to take care of the management of the private keys yourself.

Tron hardware wallets

As explained in the introduction, cold storage solutions in the form of hardware wallets are the most secure method of storing cryptocurrencies according to current industry standards. The access key to the wallet, the private key, is stored exclusively on the hardware wallet. Even when confirming a transaction, the private key does not come into contact with the Internet.

The confirmation takes place exclusively on the device. Only other components are connected to the Internet to send the transaction over the Internet to the blockchain. Due to this mechanism it is almost impossible that the TRX Coins are stolen.

Even if the software used to manage the wallet (e.g. Ledger Live) is hacked, the hackers still cannot make a transaction (e.g. to a manipulated address). Since the devices themselves can be protected with a PIN and often with 2-factor authentication, they are also very well protected in the event of theft. This makes it very difficult to steal your Tron (TRX) even in the event of physical theft.

From our point of view, hardware is therefore an absolute must for crypto investors. However, there is one major drawback. Unlike all other wallets, they are not free of charge. However, our opinion is that the purchase of a hardware wallet is definitely worthwhile. Even the price for our test winner, the Ledger Nano X (about 120 Euro), is to be regarded as rather small compared to the amount you probably invested.

However, the selection of hardware wallets for Tron (TRX) is very limited. Currently only the Ledger Nano X and the Nano S support the TRX Coin. The second renowned manufacturer of hardware wallets, Trezor, has not yet announced any support.

The advantages of Tron hardware wallets:
✅ Highest security standard
✅ Storage of private keys offline
✅ Each transaction must be confirmed on the wallet at the push of a button.
✅ Hardware wallets mostly support numerous cryptocurrencies
✅ Regular updates by Ledger
✅ Very good customer support by Ledger

The disadvantages of hardware wallets are:
❌ No deposit insurance as with eToro
❌ The storage of Tron (TRX) is your responsibility. However, this can also be an advantage!

The best 3 Hardware Wallets in 2019
Hardware WalletInfoTest
Ledger Nano X kaufen

⚡ OUR test champion: The Ledger Nano X
✅ Manage 100 cryptocurrencies simultaneously
✅ Compatible with more than 1,100 cryptocurrencies
✅ Bluetooth connection for mobile wallet
✅ New flagship of the market leader
⛔ Price: 119,90 € - in the middle range

Testbericht lesen

Read our review

Ledger Nano S kaufen

⚡ Best price/performance ratio: The Ledger Nano S
✅ Very good Price: 59,90 €
✅ Compatible with more than 1,100 cryptocurrencies
✅ Proven quality: more than 1.3 million units already sold
⛔ Manage max. 5 cryptocurrencies simultaneously

Testbericht Ledger Nano S

Read our review

Trezor Model T kaufen

⚡ 3rd place: The Trezor Model T
✅ Over 1,000 cryptocurrencies supported
✅ Proven quality from Trezor
✅ Firmware is not installed on the device until you start it
⛔ In comparison to the Nano X: less features and functions 
⛔ High price: about 180 €

Testbericht Trezor Model T

Read our review

1.Ledger Nano X

The Ledger Nano X is not only our top recommendation for Tron (TRX), but is also the test winner in our comparative test of 8 different hardware wallets. The Nano X is the successor of the Ledger Nano S, which has been sold over 1.3 million times worldwide. After the Nano S had been on the market for several years, Ledger presented the Ledger Nano X in May 2019. This can come up with numerous new features:

  • Bluetooth function: The bluetooth function of the Ledger Nano X allows you to manage your Tron (TRX) via smartphone (via the Ledger Live App) while keeping the security of a cold wallet.
  • Larger memory: Compared to the Ledger Nano S, the internal memory of the device has been significantly increased. With the Ledger Nano X you can now manage up to 100 different cryptocurrencies at the same time.
  • Larger screen: Ledger has enlarged not only the memory of the Nano X, but also the screen. This means that it is now possible to display the complete reception addresses on the display, eliminating the need for scrolling, as with the Nano S ledger.
  • Improved security chip: The central component of the hardware wallet has been revised and certified by the French cyber security authority ANSSI.

Conclusion: From our point of view there is currently no better and safer hardware wallet than the Ledger Nano X! If you want to know more details about the Ledger Nano X, we recommend you to read our detailed guide and test report.

Supported cryptocurrencies
The Legder Nano X can store the private keys of over 1,100 different cryptocurrencies. Therefore there is hardly a (known) cryptocurrency that is not compatible with the Nano X. In addition, new cryptocurrencies are constantly being added
Operation
The operation of the Ledger Nano X is done via the 2 buttons on the top of the device as well as via the Ledger Live App. Both are really very easy to set up and use. Via Ledger Live you can check your account balance in real time and the performance of your portfolio, as well as send cryptocurrencies.
Transparency & Fees
The Ledger Software is Open Source and therefore accessible to everyone. However, the operating system, i.e. the code for the hardware, is secret. Ledger chose this architecture because it is not possible to “reach the level of physical security with generic chips”.

No fees are charged for the use of the software and hardware.

Security
Ledger’s security standards are industry-leading. Ledger’s technology is appreciated not only by private investors, but also by many companies. The French company has established cooperations with Neufund, blockchain.com and Switcheo. Samsung also announced a 2.6 million investment in the French company in April 2019.

Even the Bluetooth function is not a security hole, although there was initially a big outcry in the crypto community that the Bluetooth function was not secure. However, as Ledger clarified, only non-critical data (not the private key and not the recovery seed) is transferred via Bluetooth. In addition, a transaction always requires release with the Nano X ledger.

2.Ledger Nano S

Even though the Ledger Nano S has been replaced by the Nano X as the current Ledger model, there are still good reasons to buy the hardware wallet. Obviously, the price is certainly half the price of the Ledger Nano X (120 EUR vs. 59 EUR).

In addition, the Nano S is still one of the most secure hardware wallets on the market. Over the past few years it has proven to be very safe. There was no (known) incident in which cryptocurrencies could be stolen by the Ledger Nano S.

Conclusion: If you live without the new features of the Nano X and only want to manage a small number of different cryptocurrencies, then the Nano S is a very good choice for you.

Supported cryptocurrencies
Like the Legder Nano X, the Nano S supports over 1,100 different cryptocurrencies. However, due to the small memory, a maximum of 5 apps (for cryptocurrencies and other programs) can be installed on the Nano S at the same time. This means that the apps for cryptocurrencies must always be installed and uninstalled (the data / account balances are not lost!) if you manage more different cryptocurrencies over them. If you don’t mind this (small) effort, the Nano S is the best choice.
Operation
The operation of the Ledger Nano S is also very simple and intuitive. This is done via the 2 buttons on the device. Additionally the Ledger Live App is required. Both models use the same Ledger Live software.
Transparency & Fees
The Ledger Live Software is open source software whose source code is publicly available. However, the operating system of the ledger devices is (still) a trade secret, which according to Ledger will only be revealed in the future.

The fees for a transaction (network fees) are transparently listed in the Ledger Live Software. Ledger himself doesn’t charge.

Security
Ledger’s technology is industry-leading. It is not only used by Ledger Hardware Wallets, but also by companies to securely store private keys of cryptocurrencies.

Tron (TRX) desktop wallets

Desktop wallets belong to the category of hot wallets. Accordingly, they have the disadvantage over Hardware Walles that the private keys come into contact with the Internet. Compared to online wallets, however, they offer the significant advantage that the private keys are not stored on a company server, but on the user’s own computer. Thus, they provide a free way to retain sole control over Tron’s private keys without having to purchase a hardware wallet.

The storage of the private keys on your own computer also means a great responsibility, since it must always be provided with updates and a (good) anti-virus software installed. Because of the (probably) permanent connection to the Internet, there is an increased risk of malware and phishing attacks.

However, if the computer is adequately protected, desktop wallets offer much better protection than online and web wallets. They are therefore the best option if you are looking for a free wallet for Tron (TRX).

Below we have created a ranking for the best Tron (TRX) Desktop wallets in 2019. But first we would like to introduce you to the advantages and disadvantages of desktop wallets in an overview:

The advantages of Tron Desktop wallets:
✅ Sole control over the private keys
✅ High safety standard
✅ No acquisition costs – use is free of charge
✅ Multi-join wallets support over 300 different cryptocurrencies in some cases
✅ Regular updates

The disadvantages of Tron desktop wallets:
❌ Less security than using a hardware wallet (more vulnerable to hacker attacks)
❌ Responsibility to adequately protect your own PC
❌ Be careful when choosing an unknown wallet: There are known cases of fraud.

Below you will find our top recommendations for a safe Tron desktop wallet:

The best Tron desktop wallets
  1. Atomic wallet
  2. Exodus wallet

1.Atomic wallet

Atomic Wallet

The Atomic wallet is a multi-coin-wallet, which is aimed at users who are looking for an all-in-one solution for all their cryptocurrencies. With over 300 cryptocurrencies, the Atomic Wallet can manage the largest number of coins (in our comparison) and is available both as a desktop and mobile version for iOS and Android.

Although the wallet was not released until 2017 by Konstantin Gladych, who is also CEO and co-founder of the popular crypto exchange platform Changelly.com. Nevertheless, it is already one of the most popular wallets on the market. One reason for this is certainly the popularity of Gladych. On the other hand, the wallet focuses on the fulfilment of three central requirements in the crypto industry:

  • Security,
  • Anonymity and
  • Decentralization.

In accordance with these guiding principles, both the private keys and the transaction data are stored in encrypted form on the users’ computers. This means that neither the developers nor other third parties can access this important data. A very useful function, which corresponds to the dezentral character of the wallet and from which the wallet gets its name, are the Atomic Swaps.

These enable the direct exchange of cryptocurrencies, peer-to-peer, i.e. from user to user. Since the Atomic swaps are not available for all coins, the wallet provides the possibility to use the exchange services of Changelly and ShapeShift.

The Atomic wallet is our top recommendation among multi-coin-wallets due to its functional scope and high safety standard. To download it, you can visit the official website (click here). There the wallet is available for Windows, Mac, Ubuntu, Debian and Fedora. In addition, the mobile versions for iOS and Android are available in the App Stores.

Supported cryptocurrencies
The Atomic wallet supports over 300 cryptocurrencies, including all known cryptocurrencies and all ERC20 tokens.
Operation
The installation of the wallet is done with a few clicks. At least as easy to use is the user interface, which should be self-explanatory even for absolute beginners.
Transparency & Fees
The Atomic wallet is a community-based product that uses open source libraries, block explorers, and other components. However, in order to ensure the security of the wallet, some of the developments will be kept secret.

When using the Atomic wallet there are no additional fees in addition to the network fees. For additional services such as Atomic Swaps, ShapeShift and Changelly fees will be charged.

Security
The Atomic wallet offers very good security. The wallet – as a decentralized solution – does not request any personal data from its users. In addition, all data is transmitted in encrypted form. The control of the private keys lies exclusively with the user, so that nobody else has access to your cryptocurrencies. In addition, each user can create a backup phrase to restore the Wallet.

2.Exodus wallet

Exodus Wallet

Like the Atomic wallet , the Exodus is a multi-coin wallet . It was launched in July 2016 by Daniel Castagnoli and JP Richardson and has since become firmly established in the crypto market and has developed a large user base. The Exodus Wallet was one of the first multi-coin wallets to convince with its simple and intuitive user interface.

Currently, the wallet can send and receive more than 100 cryptocurrencies. In addition, their value can be displayed in over 30 different Fiat currencies. The wallet has a total of three main components:

  • the multi-coin wallet ,
  • a portfolio tracker (in 30 Fiat currencies)
  • and an integrated exchange service from ShapeShift

The crypto community also praises the very good customer support. In addition to an extensive FAQ area, including tutorial videos, the Exodus team can be contacted via e-mail, Twitter, Facebook and Slack channel.

Security and anonymity are also very important issues. In this respect, it should be noted that neither the developers nor other third parties have access to your private keys. These are stored encrypted on your computer.

However, there are two criticisms of the Exodus wallet : First, the backup is sent by email, which is a potential security vulnerability. Second, the Exodus wallet does not have two-factor authentication. Both deficiencies together are to be regarded as critical, since hackers “only” have to crack the password or intercept an e-mail and then already have full access to the wallet.

If you consider this to be uncritical, you can follow the link below which will take you directly to the download page of the wallet (click here!). Exodus is available as desktop version for Windows, Mac and Linux. There are also smartphone versions for iOS and Android.

Supported cryptocurrencies
The Exodus wallet supports over 100 cryptocurrencies including Bitcoin, Ethereum, Tron, EOS, Monero, Binance Coin, Tron, Stellar, XRP, Vechain and Monero as well as a variety of ERC20 tokens.
Operation
The wallet is known for its ease of use and intuitive design. It also offers some useful features, such as the Portfolio View and the Exchange Service. The dashboard also shows current market trends. A special feature of the wallet is that the portfolio balances can be displayed in over 30 fiat currencies.
Transparency & Fees
Within the crypto community the Exodus wallet has one (further) big criticism: The wallet is not open source. Accordingly, the users of the Wallet must trust the developers and rely on the trustworthiness of the developers of the Wallet.

In principle, there are no additional fees for the Exodus wallet. Only if you use the built-in service of ShapeShift to exchange cryptocurrencies, you will have to pay the (usual) fees for ShapeShift of 2-5 percent.

Security
During the initial installation, the users are prompted to create a 12-word recovery seed phrase. In case your computer breaks down, the wallet can be restored. Beyond that no personal data of the users are stored on the servers of Exodus. The private keys and transaction data are encrypted and stored locally on the mobile devices.

Mobile Tron wallets for iOS and Android

Mobile wallets have the advantage that they can be installed on (almost) any smartphone and can therefore also be used on the road to send and manage TRX. Apart from that, mobile wallets are very similar to desktop wallets. Thus the private keys (usually) are also stored encrypted on the user’s terminal device.

In addition, the private keys are potentially at risk due to the connection of the smartphone to the Internet. As with the desktop wallet, the smartphone must therefore be optimally protected by the user himself.

The topic of security has also been aggravated for smartphones, because many smartphone users use public hotspots in cafés and restaurants. In these public networks the data is transmitted unencrypted (without own security measures). This is why it is particularly important for mobile wallets to protect the smartphone with regular updates and anti-malware software and, if necessary, to use a data encryption program.

By the way, they also offer the same advantages as desktop wallet. In the following we have created an overview:

The advantages of mobile Tron wallets are:
✅ Access to Tron (TRX) via Smartphone
✅ Access to the wallet from anywhere where there is an Internet connection
✅ No acquisition costs – use is free of charge
✅ More cryptocurrencies than just Tron are often supported.
✅ The user interface is often very simple and intuitive.

The disadvantages are as follows:
Less security than a hardware wallet
❌ No deposit insurance, as offered e.g. by eToro wallet
❌ Vulnerable to hacker or phishing attacks
The best Tron wallets for iOS and Android
  1. TronLink wallet
  2. Atomic wallet
  3. Trust wallet

1.TronLink wallet

Tronlink TRX wallet

The TronLink wallet is developed by the TRON community and was released in February 2019. It is the first official TRON wallet supported by the TRON Foundation and promoted on the official website of Justin Sun, the inventor of Tron. It is available for iOS and Android, as well as Google Chrome browser extension.

It is important to know that the TronLink does not collect any user data. In addition, the private keys for the wallet are stored locally on your smartphone, so that third parties have no access to them. It is also good to know that a recovery phrase can be created for the private key if the smartphone is defective and a backup is necessary.

It can be seen that the wallet was primarily developed for Asian users. Nevertheless, the account balance can be expressed in three fiat currencies: Euro, US Dollar, British Pound, Bitcoin and Ethereum. In addition to Chinese and Japanese, English is also available for the language selection.

A major advantage of the wallet is that TronLink supports all TRON-based TRC20 tokens and provides access to the TRON dApp ecosystem. In addition, it has numerous functions that are specially tailored to the Tron network and are not offered by multi-coin wallets. This makes TronLink ideal for Tron enthusiasts. Other functions include the following:

  • Switching between multiple user accounts
  • Integrated voting system for Super Representatives (SRs) and the ability to exchange certain rewards for voting on the wallet
  • dApp browser
  • Settings for advanced Tron trailers, e.g. selecting a node or adding your own node
  • Integrated decentralised exchange (DEX)
Supported cryptocurrencies
Tron (TRX) and all Tron-based TRC20 and TRC10 tokens are supported.
Operation
The operation is very simple and easy to understand. In addition, there are numerous functions for advanced users.
Transparency & Fees
TronLink wallet is developed by the TRON community, is open-source and therefore completely transparent. There are also no additional fees for using or downloading the TronLink App for iOS or Android.
Security
The security of the TronLink wallet can be rated as good, because the project is supported by the Tron Foundation and it is open-source code. There is also a backup function. The private keys are stored locally only.

2.Atomic wallet

Atomic Wallet

As with the desktop wallets, the Atomic wallet is our Top 2 recommendation in the Wallets category for your smartphone. The wallet is especially useful if you are looking for a multi-join wallet with which you want to send and receive Tron. With the Atomic Wallet you don’t have direct access to the Tron dApp ecosystem and can’t participate in the Super Representatives election!

The mobile version of the Atomic wallet is a very similar version to the desktop version. Accordingly, it also offers the same advantages:

  • Management of over 300 different cryptocurrencies
  • Storage and encryption of private keys and transaction data on your smartphone
  • Atomic Swaps
  • Use of Changelly and ShapeShift exchange services

You can download the wallet from the official website. In addition there are the iOS and Android versions in the respective App Store.

Supported cryptocurrencies
With the Atomic wallet you can manage and send over 300 cryptocurrencies and all ERC20 tokens.
Operation
The installation of the wallet works like a normal installation of a smartphone app. No personal data is requested during setup. The operation of the wallet is very simple, so that it is also suitable for absolute beginners.
Transparency & Fees
The Atomic wallet is a community-based product that uses open source libraries. However, in order to ensure the security of the wallet, part of the source code will be kept secret.

There are no fees for the use of the wallet other than the usual network fees. For the additional features (Atomic Swaps, Changelly and ShapeShift) you have to pay variable fees.

Security
The Atomic wallet offers very good security. The wallet – as a decentralized solution – does not request any personal data from its users. In addition, all data is transmitted in encrypted form. The control of the private keys lies exclusively with the user, so that nobody else has access to your cryptocurrencies. In addition, each user can create a backup phrase to restore the Wallet.

3.Trust wallet

Trust wallet Tron

The Trust wallet is a multi-coin wallet specifically designed for smartphones, iOS and Android, developed by a company called Six Days LLC (US Office). It is available in English, Spanish, French, German, Italian, Arabic, Japanese, Russian, Traditional Chinese, Simplified Chinese and Vietnamese. In addition, it is (currently) compatible with 42 cryptocurrencies and over 2,000 ERC20 tokens.

The name of the wallet (“trust”) should already indicate the intention of the developers, who focus on security and anonymity during development. The Trust wallet was tested by the security company Stateful. The complete review can be viewed online on the wallets website.

In addition, the wallet operates in a server-free environment so that each wallet is installed locally and the private keys are stored locally only. This means that neither the developers nor third parties have access to the private key. In addition, the wallet code is open-source and has been reviewed by the community. Overall, the wallet can therefore be classified as very secure and trustworthy.

Other features of the wallet include:

  • A decentralized exchange: the wallet has integrated the decentralized exchange from its partner, the Kyber Network, so that the users can trade out of the wallet.
  • FaceID and TouchID: In addition to classic passwords, FaceID and TouchID can also be activated to protect the wallet.
  • “Watch function: Users can use this mode to view their accounts without revealing their private key.
  • Real-time portfolio: View the entire crypto portfolio and its value in real time
  • Push notifications: can be enabled to be notified about transactions
Supported cryptocurrencies
42 cryptocurrencies: Bitcoin, Ethereum, Ethereum Classic, GoChain, POA Network, VeChain, Tron, Wanchain, Callisto, ICON, Litecoin, Bitcoin Cash, TomoChain, Dash, Zcash, Zcoin, Ripple, Kin, Nimiq, Thunder Token, Aion, Stellar, Tezos, Theta, Doge, Ontology, Cosmos, Groestlcoin, Qtum, Viacoin, Binance Coin, IoTeX, Ravencoin, Zilliqa, Waves, Aeternity, Nebulas
Operation
The wallet is very easy to use and understand. It has an intuitive user interface and a whole range of useful functions that are specially tailored to the user.
Transparency & Fees
The code of the wallet is open-source. The Company behind the wallet currently charges fees for the use of the wallet.
Security
Due to the features described above, the wallet is secure and trustworthy.
Summary
Mobile wallets provide good basic protection that can be rated lower than hardware wallets and higher than online wallets . The advantage over the latter is that the private key is stored on the user’s smartphone.

However, this entails a great responsibility, as the user has to protect the private key himself. Since your smartphone is probably (almost) permanently connected to the Internet, it can be infected with malware that is aimed at stealing private keys. Therefore you should update your smartphone regularly and install good anti-malware software if necessary. With this you can greatly reduce this risk. Depending on whether you want to actively use the Tron ecosystem, either the TronLink wallet or the Atomic wallet is our top recommendation.

Tron Online wallets

Tron online wallets offer the easiest way to manage Tron. Basically, online wallets can be divided into two types. The first type are the wallets of cryptocurrency exchanges. As described at the beginning, these offer the least protection and have the considerable disadvantage that the private keys are owned and stored by the trading platform. In this respect, they presupposed a great deal of trust in the market.

Users must be confident that the Exchange will store the cryptocurrencies in cold storages and that the IT infrastructure will not be hacked. In addition, the employees of the exchange have administrative access to the private keys, which is why they must also be trusted. Established exchanges and brokers generally have very good security precautions for each of these weak points.

Nevertheless, exchange wallets are not recommended for the permanent storage of Tron from our point of view. On the other hand, there are specific developments among the Online wallets Tron. The TronLink wallet is available as a browser extension for Google Chrome and the Brave Browser.

Below we have compiled an overview of the advantages and disadvantages of online wallets:

The advantages of Tron Online wallets:
✅ Access from anywhere in the world where an Internet connection exists
✅ Exchange wallets enable trading out of the wallet
✅ In the case of exchange wallets, there is no installation work required.
✅ You can define limits for maximum payouts per transaction.
✅ The user interface is often very simple and intuitive.
✅ Often very good customer support

The disadvantages of Tron online wallets:
❌ Lower security standard as hardware and desktop and smartphone wallets
❌ The Management of private keys is (often) transferred to a third party
❌ Greater likelihood of hacking or phishing attacks
❌ Some web wallet vendors have turned out to be SCAM in the past.

The best Tron online wallets
  1. TronLink Browser Extensions
  2. Tronscan
  3. Binance
  4. eToro

1.TronLink Browser Extension

Tronlink TRX wallet

Like the smartphone versions of TronLink, the browser extension is a recommendation of the Tron Foundation to connect to the Tron ecosystem. The Browser Extension for Google Chrome is a program that simplifies the access to the Tron Blockchain. With TronLink, decentralized applications (dApps) can easily be used from the browser and linked to the wallet.

TronLink is therefore very popular with developers and the Tron community. In addition, the private keys for the wallet are stored locally in your browser so that third parties have no access to them. In addition, the TronLink Chrome Extension has numerous functions:

  • Switching between multiple user accounts
  • Integrated voting system for Super Representatives (SRs) and the ability to exchange certain rewards for voting on the wallet
  • Integrated dApp browser
  • Setting a node or adding a custom node
  • Integrated decentralised exchange (DEX)
Supported cryptocurrencies
Tron (TRX) and all Tron-based TRC20 and TRC10 tokens are supported.
Operation
The operation is very simple and easy to understand. In addition, there are numerous functions for advanced users.
Transparency & Fees
TronLink wallet is developed by the TRON community, is open-source and therefore completely transparent. There are also no additional fees for using or downloading the TronLink App for iOS or Android.
Security
The security of the TronLink wallet can be rated as good, because the project is supported by the Tron Foundation and it is open-source code. There is also a backup function. The private keys are stored locally only. The security of the TronLink wallet can be rated as good, because the project is supported by the Tron Foundation and it is open-source code. There is also a backup function. The private keys are stored locally only.

2.Tronscan wallet

Tronscan wallet

The Tronscan wallet is also a very popular web wallet within the Tron Community, but it doesn’t have the same functionality as the TronLink wallet. In comparison, however, it is set up much faster, since only an account with a secure password needs to be created. Afterwards only the file with the private key has to be saved on your own computer. The wallet is then ready for use.

A big advantage of Tronscan is that Tron and Ledger have worked together to make the Ledger hardware wallets compatible with Tronscan. This allows Tronscan users to manage their TRX via Tronscan with a Ledger Hardware Wallet and store the private keys offline on the device! The setup is not particularly difficult and can be initiated directly on the Tronscan website.

Supported cryptocurrencies
Only Tron (TRX) is supported.
Operation
Because only one account has to be created and because of the clear functions the Tronscan wallet is very popular with beginners.
Transparency & Fees
The code of Tronscan is open-source. The wallet is provided by the Tron Foundation, so it can be considered very trustworthy. There are additional fees for use.
Security
Especially in combination with a Ledger Hardware wallet Tronscan is a very secure alternative for storing Tron (TRX). Otherwise the wallet only offers basic protection.

3.Binance wallet

Binance Wallet

Managing Tron (TRX) on Binance can also be an option if you intend to trade TRX. More than 150 cryptocurrencies can be traded on the globally popular exchange. Since this is a exchange wallet, you should be aware that the private keys are owned by Binance. This is problematic for two main reasons.

First, the private keys are located on an external server, so you need to trust sufficient security. Secondly, Binance is a popular target for hacking attacks, which is why the security of the Binance Web wallet is rated significantly lower.

This was also demonstrated by the Binance Hack in May 2019, when 7,000 BTC were stolen due to a security hole in the Binance API. Binance can nevertheless be counted among the safest exchanges. According to the CEO of Binance, Changpeng Zhao, the security measures were again significantly strengthened and improved after the hack.

Nevertheless, the hack shows the vulnerability of online wallets. We therefore recommend that you only use the Binance wallet as long as you are trading cryptocurrencies. If you are planning a longer-term investment, you should ship the TRX to an external wallet.

If you would like to register an account on Binance, you can do so via this link*.

Supported cryptocurrencies
Binance offers a wallet for each of the 150 cryptocurrencies offered for trading.
Operation
For beginners it can be a bit difficult and complicated to keep track of the trading platform due to the multitude of functions and options. In our Binance review we therefore explain in detail how you can use Binance correctly.
Transparency & Fees
Use of the Binance wallets is free of charge. Trading fees are charged, as you can read in our Binance Review.
Security
Binance is considered one of the safest exchanges in the world. However, you should only keep your Tron on the exchange as long as you are actively trading. Other wallet types offer a significantly higher level of safety.

4.eToro wallet

eToro Wallet and Exchange

Our second choice is eToro, which, however, only appeals to residents outside of the US and UK (as of 01/2021). eToro is one of the largest CFD providers in the world and offers various cryptocurrencies in “physical form” as well as CFD (outside of the two aforementioned regions). Due to its high security standards and reputation, eToro can be a good option for custody in our view.

For more information, you can read our eToro review. If you want to sign up for the wallet, you can use this link (click here*) to create an account with eToro.

**68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

Supported cryptocurrencies
15 cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Binance Coin (BNB), Cardano (ADA), Dash (DASH), EOS (EOS), Ethereum (ETH), Ethereum Classic (ETC), MIOTA (IOTA), NEO (NEO), Ripple (XRP), Stellar Lumens (XLM), Tron (TRX), ZCash (ZEC),
Operation
For beginners as well as advanced traders eToro offers a very clear and intuitive trading platform, with numerous advanced trading options.
Transparency & Fees
As described above, eToro charges fees. These can add up, especially when holding for a longer period of time. You can read in detail in our eToro test report when they occur and how high they are
Security
You should keep in mind that the private keys are managed by eToro.

In the following we have summarized the most important aspects of the use of web wallets:

Summary
Online wallets can be divided into two categories: Exchange wallets and Tron specific developments. The former offer themselves when you want to trade. However, you should only leave the coins on the wallet as long as you actively use the trading platform. Exchange wallets have the disadvantage that you do not have private keys and exchanges are popular targets for hacking attacks.

Tron specific online wallets have the great advantage that the private key is in your possession. Nevertheless, you should keep in mind that the private keys are connected to the Internet, which is why protecting your own computer against malware is very important.

Overall, online wallets offer the lowest security standard and should therefore not be used permanently.

Further important information about the Tron wallet test

Finally, we would like to make a point on our own behalf: Please note that we have compiled the information to the best of our knowledge and experience. Despite our best efforts, you should check back for information and opinions. In particular, we recommend that you test different wallets to find the best one for you.

If you have any questions or suggestions for improvement, please leave us a comment. We are happy to help you and are open for constructive criticism!

We would also appreciate a positive review if you liked our contribution to the best Tron wallets!

[ratings]

Der Beitrag The best Tron (TRX) Wallets in the test | Review and guide erschien zuerst auf Crypto News Flash.

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The best Litecoin wallets in comparison | Guide and review https://www.crypto-news-flash.com/litecoin-wallet-guide-test/?utm_source=rss&utm_medium=rss&utm_campaign=litecoin-wallet-guide-test Wed, 21 Aug 2019 15:46:59 +0000 https://www.crypto-news-flash.com/litecoin-wallet-guide-test/ With Bitcoin’s “little brother”, Litecoin, the selection of wallets is at least as large as with BTC. So that you can find the right wallet for you, we have created this guide, which presents you the best Litecoin wallets, sorted according to the type of wallet. To help you understand the differences between the individual [...]

Der Beitrag The best Litecoin wallets in comparison | Guide and review erschien zuerst auf Crypto News Flash.

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With Bitcoin’s “little brother”, Litecoin, the selection of wallets is at least as large as with BTC. So that you can find the right wallet for you, we have created this guide, which presents you the best Litecoin wallets, sorted according to the type of wallet. To help you understand the differences between the individual wallets, we would like to give you a brief introduction to the topic. The most basic distinction is that between a

  • cold wallet and
  • hot wallet.

The difference between both types is the connection to the Internet. Cold wallets carry that name because they have no connection to the Internet. On the other hand, hot wallets have a permanent connection to the Internet, which is why they are considered unsafe in regards of security reasons. This is because hot wallets can be attacked by hackers via the Internet connection. cold wallets doesn’t have this point of attack for hackers.

The security of cold wallets is therefore much safer than that of hot wallets. This is also the reason why large crypto investment companies and cryptocurrency exchanges store the majority of their customers’ money on cold wallets.

You should take this as an example! In the private customer segment, cold wallets can be purchased in the form of hardware wallets or created in the form of free paper wallets. The former are devices that are usually not much larger than a USB stick and can be used to manage Bitcoin and various Altcoins.

You should also know that the hot wallets can also be divided into various other subcategories. These types have in common that the “Private Keys” are stored on different media. The subcategories of hot wallets are:

  • Litecoin desktop wallets
  • Litecoin mobile wallets
  • Litecoin online wallets
What are the Private and Public Key?
The terms private key and public key originate from information technology, especially from asymmetric cryptography, which is used to encrypt data in cryptocurrencies.

A private key is a randomly generated string that represents the ownership of the cryptocurrency and allows you to send Litecoin. Therefore the private key must never be passed on. If you control the private key, you can also access the associated address and send the associated LTC.

The wallet address is a hash version of the public key, which cannot be reversed thanks to cryptography. In contrast to the private key, the public key or wallet address is not secret. .

We’d also like to give you two pieces of advice first: Before you buy Litecoin (click here to read our guide), you should know which wallet you would like to use for storing Litecoin (LTC) in order to provide the external wallet address during the purchase process. This will allow you to save time and fees if necessary.

You should also be aware that storing your Litecoin (LTC) on the wallet of an exchange or broker is always the worst and least secure alternative. If you choose to do so, you give control of the private key to the trading platform. Our advice is therefore to set up an external wallet and to manage the private keys yourself.

Litecoin hardware Wallets

Hardware wallet test 2019

Hardware wallets are the de-facto standard when it comes to the secure management of large amounts of cryptocurrencies. Compared to all other wallet types they have the highest safety standard as cold Wallet! Litecoin’s private key does not come into contact with the Internet in a hardware wallet.

This is exclusively stored on the hardware Wallet! This means that the private key is not connected to the Internet even if an LTC transaction is released – the release takes place on the device. hardware wallets are thus very effectively protected against phishing attacks and other malware, as only other components of the hardware wallet are connected to the Internet. A theft of the Litecoin private keys from the hardware wallet is almost impossible.

In addition, hardware wallet also provide very good protection if the device itself is stolen. The hardware wallets presented below all have an additional authorisation by means of a PIN. In addition, some hardware wallets have the ability to set up an additional layer of security through 2-factor authentication. This makes the devices very difficult to hack even in the event of theft.

From our point of view, the purchase of a hardware wallet is always recommended if you invest larger amounts in Litecoin. Even the price for our test winner, the Ledger Nano X (around 120 euros) is probably rather low compared to the amount you probably invested. In the following box we have summarized the advantages and disadvantages of hardware wallets:

The advantages of Litecoin hardware wallets:
✅ Highest security standard
✅ Storage of private keys offline
✅ hardware wallets mostly support numerous cryptocurrencies
✅ Regular updates by the renowned hardware wallet manufacturer
✅ Physical confirmation is required on the device for each transaction.
✅ Very good customer support with the renowned manufacturers

The disadvantages of hardware wallets are:
❌ No deposit insurance as offered by few brokers, e.g. eToro
❌ Storage of the coins is your own responsibility. However, this can also be an advantage!

In the following we introduce you to five Litecoin hardware wallets. If you would like to know more about the individual wallets, we recommend that you read our detailed test reports on the hardware wallets.

The best 3 Hardware Wallets in 2019
Hardware WalletInfoTest
Ledger Nano X kaufen

⚡ OUR test champion: The Ledger Nano X
✅ Manage 100 cryptocurrencies simultaneously
✅ Compatible with more than 1,100 cryptocurrencies
✅ Bluetooth connection for mobile wallet
✅ New flagship of the market leader
⛔ Price: 119,90 € - in the middle range

Testbericht lesen

Read our review

Ledger Nano S kaufen

⚡ Best price/performance ratio: The Ledger Nano S
✅ Very good Price: 59,90 €
✅ Compatible with more than 1,100 cryptocurrencies
✅ Proven quality: more than 1.3 million units already sold
⛔ Manage max. 5 cryptocurrencies simultaneously

Testbericht Ledger Nano S

Read our review

Trezor Model T kaufen

⚡ 3rd place: The Trezor Model T
✅ Over 1,000 cryptocurrencies supported
✅ Proven quality from Trezor
✅ Firmware is not installed on the device until you start it
⛔ In comparison to the Nano X: less features and functions 
⛔ High price: about 180 €

Testbericht Trezor Model T

Read our review

1.Ledger Nano X

In our comparative test, in which we tested 8 different hardware wallets, the Ledger Nano X became our test winner. This model is the successor to the Ledger Nano S. Ledger’s successful model has been sold more than 1.3 million times worldwide.

In May 2019, after several years, Ledger launched a significantly improved model with numerous new features. The biggest and most popular innovation is the Bluetooth function, with which the Nano X can be connected to a smartphone. Via the Ledger Live App the wallet can be operated like a mobile Smartphone Wallet, only that it offers the same security as a cold wallet.

In addition, the Ledger Nano X has three more new functions or changes. It has a much larger memory than the Nano S, and can manage up to 100 cryptocurrencies simultaneously. Furthermore, the display was slightly enlarged. This means that Litecoin addresses can now be shown on the display without scrolling, which makes it much easier to check the LTC address. Finally, an improved safety chip was also installed.

Conclusion: From our point of view there is no hardware wallet for Litecoin that can compete with the Ledger Nano X in terms of functionality and ease of use!

Supported cryptocurrencies

The Legder Nano X can store over 1,100 different cryptocurrencies. Within the Top 100 by market capitalization there is hardly a cryptocurrency that is not compatible with the Nano X. In addition, new cryptocurrencies are constantly being added.

Due to the larger memory, up to 100 Apps can be installed on the device simultaneously instead of 5 Apps (as with the Nano S) and thus up to 100 cryptocurrencies can be managed at the same time.

Operation
Operation of the Ledger Nano X is very simple and intuitive. The device is operated via the 2 buttons on the top. Additionally the Ledger Live App is required. With the app you can check your account balance in real time and the performance of your portfolio, as well as send and receive cryptocurrencies. The transaction is released exclusively via the hardware wallet.
Transparency & Fees
The Ledger Software is Open Source and therefore accessible to everyone. However, the code for the hardware is secret. Ledger says it chose this architecture because it is not possible to “reach the level of physical security with generic chips”.

The fees for a transaction of Litecoin are transparent and can be adjusted. They correspond to the network charges. Ledger itself does not charge any fees.

Security

Ledger’s security standards are industry-leading. Ledger has become a brand not only appreciated by private investors, but also used and supported by numerous companies. The French company has established cooperations with Neufund, blockchain.com and Switcheo. Samsung also announced a 2.6 million investment in the French company in April 2019.

Also the Bluetooth function is not a security hole, although there was initially a big outcry in the crypto community that the Bluetooth function is hackable and therefore not secure. As Ledger explained, however, only non-critical data (not the private key and not the recovery seed) is transferred via Bluetooth. In addition, a release with the Ledger Nano X is always necessary to send transactions.

2.Ledger Nano S

Even though the Ledger Nano S is no longer Ledger’s newest model, there are still good reasons to buy it. The Nano S continues to be one of the most secure hardware wallets on the market. Those who can do without the new and extended functions of the Nano X and only want to manage a small number of different cryptocurrencies, e.g. only Litecoin and Bitcoin, will receive a hardware wallet with an unbeatable price/performance ratio (at a current price of 59 EUR).

Supported cryptocurrencies
Just like the Legder Nano X the Nano S is operated with the Ledger Live Software. This allows the Nano S to store over 1,100 different cryptocurrencies. Because of the smaller memory only 5 apps can be installed at the same time. This means that users must always install and uninstall the various cryptocurrency apps (the data / account balances are not lost!). If you don’t mind this small effort, the Nano S is the best choice for you.
Operation
The operation of the Ledger Nano S is also very simple and intuitive. This is done via the 2 buttons on the device. Additionally the Ledger Live App is required. Both models use the same Ledger Live software. This allows you to check your account balance in real time and the performance of your portfolio, as well as send and receive cryptocurrencies.
Transparency & Fees

The Ledger Live Software is open source software whose source code is publicly available. However, the operating system of the ledger devices is (still) a trade secret, which according to Ledger will only be revealed in the future.

The fees for a transaction (network fees) are listed in the Ledger Live software are transparent and can be customized. Ledger itself does not charge any additional fees.

Security
Ledger’s security technologies are industry-leading. They are not only used by Ledger hardware Wallets, but also by companies to securely store cryptocurrencies.

3.Trezor Model T

Almost at the same time as the Ledger Nano X, SatoshiLabs also presented its successor for the Trezor One in May 2019. Just like the Nano X, the Trezor Model T comes with some new features and improvements that make the wallet one of the best on the market. The Trezor Model T, for example, has a touch screen on which all transactions must be confirmed. In addition, the firmware (Trezor Core) has been completely revised and improved for security reasons.

Furthermore, the Model T has a faster processor, so that the operation runs even smoother. In addition, there is a micro SD card slot for data encryption and a modern USB-C port for connecting to a computer. Compared to the Trezor One, the Model T can thus be classified as a premium version of SatoshiLabs.

In a direct price/performance comparison, however, the Ledger Nano X performs better. The Nano X is much cheaper than the Trezor Model T and also has the better complete package. This makes the Ledger software a little easier and more intuitive to use. In addition, the Nano X has a few more functions. Nevertheless, the Trezor Model T is an excellent hardware wallet, which also has some advantages over the Nano X.

Supported cryptocurrencies
The Trezor Model T can manage more than 1,000 different cryptocurrencies. It is a pity that not all coins can be sent and received directly with the Trezor Bridge software (currently only 51 cryptocurrencies, including Litecoin). The remainder must be managed via third-party software, e.g. MyEtherWallet. You can find a complete list of all coins under this link.
Operation
The Trezor Model T is much higher quality than its predecessor. The buttons have a better grip and the colour touch display works perfectly. In addition, the new Trezor Bridge software offers many great new features.
Transparency & Fees

The Trezor software and hardware is largely open source and publicly available on GitHub and therefore adaptable. The code was written by Trezor with extensibility in mind.

Before sending each transaction, you can set how much the transaction fee should be. There are no extra fees (besides the network fees) for using the Trezor software.

Security
Ledger and Trezor are the best known and most popular manufacturers of hardware wallets worldwide. There is a good reason for this. With the Trezor One, Trezor has the longest experience in the development of hardware wallets.

4.Trezor One

The Trezor One was launched in 2014 by SatoshiLabs and is the oldest hardware wallet on the market! According to SatoshiLabs it should be the most trustworthy and secure hardware wallet in the world.

It is a fact that the Trezor One has already been sold over a million times, which clearly speaks for the quality of the wallet. Due to its low price, the Trezor can be a very inexpensive and good alternative to more expensive hardware wallets, especially for newcomers.

Supported cryptocurrencies
The Trezor One can store over 1,000 different cryptocurrencies. This works partly through the use of third-party software, such as Electrum, bitwala and the MyEtherWallet. You can send and receive the following cryptocurrencies directly with the Trezor software: Bitcoin, Ethereum, Litecoin, Dogecoin, ZCash, DASH, Namecoin, Bitcoin Cash, Ethereum Classic, Bitcoin Gold, Ubiq, NEM, Expanse and all ERC20 tokens.
Operation
The Trezor One is very easy to use, even for beginners, because the user interface is very clear. In addition, there are numerous explanations in the application to expand your own knowledge.
Transparency & Fees
Most of Trezor’s hardware and software is publicly available on GitHub. The transaction fees are just as transparent. Before you complete a transaction, you can determine how much the transaction fee should be. There are no additional fees for use.
Security
Ledger and Trezor are the best known manufacturers of hardware wallets. This is certainly also due to the fact that they have the longest experience in developing hardware wallets. Accordingly, the Litecoin hardware wallets of both companies are considered to be very secure.

5.Digital Bitbox

The Digital BitBox is a cheap and very small hardware wallet which supports Litecoin as well as Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and all ERC20 tokens. The minimalist device generates a wallet (bip32) during the starting process by the integrated microcontroller. A very practical security feature is the slot for a micro SD card, which can be used to create an offline backup for recovery.

Supported cryptocurrencies
At the moment the bitbox 01 supports: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin and all ERC20 tokens using a third party app (e.g. the MyEtherWallet).
Operation
Operation is basically simple when it comes to functions such as “Send” and “Receive”. However, the setup is a bit more complicated than Ledger or Trezor.
Transparency & Fees
The Digital Bitbox software is open source, so the code is publicly viewable and tested. For the use of the Opendime wallet there are no extra fees (as with all other hardware wallets).
Security
The Digital Bitbox itself has no display, so the transactions have to be verified on the screen of a computer. This allows the user to check whether a transaction has been manipulated. This mode of operation is somewhat less secure than the Ledger and Trezor hardware wallet, which require confirmation on the device.

You should know this about hardware wallets:

Summary
If you are looking for the best possible protection for storing Litecoin, hardware wallets are the right choice for you! Since the private keys are never connected to the Internet, Litecoin hardware wallets are in fact not hackable. Even if the price may initially discourage you a little, the purchase of a hardware wallet is highly recommended. Especially the Ledger Nano S is currently so cheap that the price should no longer be an excuse to protect the LTC in the best possible way.

Litecoin desktop wallets

Desktop wallets belong to the hot wallets. As the name suggests, this type of wallet is a program (software) that is installed on a computer to send and receive Litecoin.

Compared to online wallets, they offer the significant advantage that the private keys are not stored on a company server but on the user’s own computer. Thus they offer the possibility to keep the sole control over your Litecoin without having to buy a hardware wallet.

However, there is also a certain responsibility involved. Since the private keys are stored on your own computer, it is essential to keep your computer up to date with updates and good anti-malware software.

Due to the (presumably) permanent connection to the Internet, there is an increased risk of becoming a victim of a phishing attack, for example. Nevertheless, the protection is significantly higher compared to online and web wallets. desktop wallets are from our point of view the best alternative if you are looking for a free wallet for Litecoin.

Below we give you an overview of the best desktop wallets for Litecoin in 2019, but first of all we would like to present you again the advantages and disadvantages of desktop wallets compared to the other types of wallets:

The advantages of Litecoin desktop wallets:
✅ Sole control over the private keys
✅ No acquisition costs – use is free of charge
✅ Regular updates
✅ Each transaction must be confirmed manually.
✅ High safety standard

The disadvantages of Litecoin desktop wallets:
❌Less security than using a hardware wallet (more vulnerable to hacker attacks)
❌ No deposit insurance, e.g. with the eToro Wallet
❌ Be careful when choosing an unknown wallet: There are known cases of fraud.

Below you will find our top recommendations for a safe and serious Litecoin desktop Wallet:

The best Litecoin desktop Wallets
  1. Electrum LTC
  2. Guarda Wallet
  3. Atomic Wallet
  4. Jaxx Liberty
  5. Exodus Wallet
  6. Litecoin Core Wallet

1.Electrum LTC Wallet

electrum ltc wallet

The Electrum LTC wallet is a fork of the very popular Bitcoin Electrum wallet (which is also our top recommendation for a Bitcoin Wallet). The code for the Electrum Bitcoin wallet was already released in 2011 and was later forced (adapted) as Litecoin version. It is important to know that the Electrum LTC is not an official product of Electrum Technologies GmbH, but a joint project of various developers who have developed the wallet as open source software on a desktop basis.

In contrast to the Litecoin Core Wallet, the Electrum LTC wallet is a lightweight client that does not require the download of the entire Litecoin blockchain, but uses a specialized server that indexes the blockchain. This makes the wallet available immediately after the download.

As a deterministic wallet, the Electrum LTC wallet also provides very good protection by offering the ability to create a 12-digit seed passphrase. In addition, the private keys and the seed are stored encrypted on the hard disk of the computer and are not passed on to third parties (e.g. the Electrum servers).

The design of the Electrum LTC is simple and intuitive. Nevertheless, the wallet offers numerous functions, so that it is suitable for all users from beginners to advanced. It is also practical that the same wallet can be used on separate systems as the wallet synchronizes itself automatically.

The Electrum LTC is available for Windows, Mac and Linux and can be downloaded from this link (click).

Supported cryptocurrencies
The Electrum LTC only supports Litecoin (LTC.
Operation
The operation of the wallet is very easy thanks to the intuitive and clear design. Even beginners should not have any problems with the installation, as well as the use.
Transparency & Fees
The source code is available on GitHub. It is also important to know that there are no “hidden” costs. Only the LTC network fees apply.
Security
The security of the wallet as a deterministic wallet can be classified as very good. The private keys are stored exclusively on your own computer (encrypted). You can also set up a seed passphrase.
Sicherheit
Die Sicherheit des Wallets ist als deterministisches Wallet als sehr gut einzustufen. Die Private Keys werden ausschließlich auf dem eigenen Rechner (verschlüsselt) gespeichert. Außerdem kann eine Seed-Passphrase eingerichtet werden.

2.Guarda Desktop- and mobile Wallet

guarda wallet

The Guarda Wallet offers the possibility to store and manage more than 50 different cryptocurrencies, including Litecoin. The Wallet is available as desktop and mobile version. There is also a Google Chrome extension. In addition, Guarda also offers a web wallet, which is the least secure of the options available.

The download as well as the first setup is fast and easy. The subsequent use is completely free of charge, only the normal network fees for sending transactions of the Litecoin Blockchain apply.

Your private keys are stored on your computer or smartphone so that only you have access to them. Make sure you use an up-to-date virus program so that hackers and phishing attacks are detected early in an emergency.

The Guarda Wallet has a built-in feature that allows users to purchase cryptocurrencies by credit card. Guarda works together with the payment service provider Simplex (Binance and KuCoin also use Simplex). In addition, a connection can be established with the Ledger Hardware Wallet when using the Web Wallet.

You can download the wallet from Guarda’s official website.

Supported cryptocurrencies
The wallet supports more than 50 different cryptocurrencies, including Litecoin.
Operation
The wallet can be set up with just a few clicks, whether mobile or desktop version. The wallet interface is designed simply and clearly, so that even beginners will quickly find their way around the wallet.
Transparency & Fees
The download as well as the use and the installation is completely free of charge. There are only transaction fees for the use of the Litecoin Blockchain. The fees can be set manually, depending on the priority of the transaction. The higher the fees, the faster the transaction will be processed.
Security
Your private keys are stored on your computer or smartphone. Only you have access to your private keys. The security of the wallet is very good. However, when using the wallet, make sure that you use an up-to-date virus program.

3.Atomic wallet

Atomic Wallet

The Atomic wallet is a Multi-Coin-Wallet, which can manage more than 300 different cryptocurrencies and is available as desktop as well as mobile version for the smartphone. The developers of the Atomic wallet have focused their development on security, anonymity and decentralization.

As a result, the Atomic wallet is also very popular, although it was not launched until 2017. Another advantage of the wallet is that it is published by the well-known developer, Konstantin Gladych, who is also CEO and co-founder of the crypto exchange platform Changelly.com.

In accordance with the focus on security and anonymity, the wallet stores the private keys as well as the transaction data encrypted on its own computer. Neither the developers nor other third parties have access to this data. A very useful function, from which the wallet gets its name, are the Atomic Swaps.

These enable the direct exchange of (supported) cryptocurrencies between two persons, peer-to-peer, without an exchange platform being involved. For cryptocurrencies that cannot yet be exchanged via Atomic swaps, the wallet provides the possibility to use Changelly or ShapeShift from the wallet to exchange cryptocurrencies.

Our experience with the Atomic wallet is consistently positive. Especially if you are looking for a Multi-Coin-Desktop-Wallet which also supports Litecoin, the Atomic wallet is our top recommendation.

You can download the wallet under this link. It is available as desktop version for Windows, Mac, Ubuntu, Debian and Fedora. There are also mobile versions for iOS and Android in the respective App Store.

Supported cryptocurrencies
Currently the Atomic wallet supports over 300 cryptocurrencies, including all known cryptocurrencies and all ERC20 tokens.
Operation
The installation of the wallet is done with a few clicks. At least as easy to use is the user interface, which is self-explanatory even for absolute beginners.
Transparency & Fees

The Atomic wallet is a community-based product that uses open source libraries, block explorers, and other components. However, in order to ensure the security of the wallet, some of the developments will be kept secret.

There are no fees for using the Atomic Wallet, except for the network fees. However, fees may apply for the additional features of the wallet. For example, in-wallet peer-to-peer transactions are subject to low fees.

Security
The Atomic wallet offers very good security. The wallet – as a decentralized solution – does not request any personal data from its users. In addition, all data is transmitted in encrypted form. The control of the private keys lies exclusively with the user, so that nobody else has access to your cryptocurrencies. In addition, each user can create a backup phrase to restore the wallet.

4.Jaxx Liberty wallet

Jaxx Liberty Wallet

The Jaxx Liberty is a wallet, which can manage 80 different cryptocurrencies and is available as desktop and smartphone version. Both the predecessor and the new version with the suffix “Liberty”, which was released in 2019, were developed by Anthony Di Iorio, a co-founder of Ethereum. Due to its famous name – Di Iorio – the wallet enjoys an excellent reputation in the crypto scene.

But not only because of that the Jaxx Liberty wallet is very popular, but also because of its numerous functions, as well as the good security. As with the Atomic Wallet, neither the developers nor third parties can access your “private keys”. These are encrypted and stored locally on the user’s computer.

Very important is also the easy way to create a backup in case your computer breaks down. Another advantage of the wallet is its outstanding support, which is highly praised in numerous online forums and is available around the clock.

If you want to download the wallet, you can click this link to the official website where both the desktop and mobile versions and a web browser version are available. You can choose between a Mac and Windows version, as well as a browser extension for Google Chrome. You can also download the mobile versions for your Android or iOS smartphone from the App Store.

Supported cryptocurrencies
More than 80 different cryptocurrencies: 0x, Aion, Aragon, Augur, Bancor,Bankex, Basic Attention Token, BCH, Binance Coin, Bitclave, Bitcoin, Bitcore, Blockmason,BOXX, Brickblock, Civic, Cofoundit, Creditbit, Dash, Dentacoin, DigiByte, DigixDAO, Dogecoin, DomRaider, DPP, Edgeless, Enjin Coin, ETC, Ethereum, FirstBlood, Flixxo, Fuel, Gnosis, Golem, GRS, Helbiz, Huobi, Iconomi, iExec, Insureum, LIF, Link, Litecoin, Loom, Maecenas, Matchpool, MCI, MCO, Melonport, Metronome, Mithril, MobileGO, Monaco, NEO, OmiseGo,Paypie, Po.et, Polymath, Presearch, RCN, RLC, RLTC, Santiment, Scanetchain, Sense, SHIP, Shivom, SONM, Status, Storj, Storm, Stox,SWT, TenX, Tokencard,Ucash, Unikoin, Viberate, WAX, Wings, Worldcore, Zap, Zcash.
Operation
The installation and operation is very easy even for beginners! In addition to the usual functions, the user interface also offers a few practical features, such as the latest news, market data and a multi-chain block explorer.
Transparency & Fees
There are no separate transaction fees for the Jaxx Liberty wallet.
Security
The security of the Jaxx Liberty wallet is very good. Neither the developers, nor a third party has access to your “private keys”. These are stored on the device used for access. Users of the wallet can also create a backup phrase. If the PC or Smartphone is broken or lost, the Jaxx wallet can be restored via this backup.

5.Exodus wallet

Exodus Wallet

The Exodus wallet is a Multi-Coin Wallet, which was launched in July 2016 by Daniel Castagnoli and JP Richardson. Since then the Exodus wallet has firmly established itself in the crypto market and developed a large user community. The wallet is particularly popular because it is very easy and intuitive to use.

It was also one of the first known multi-join wallets. Currently, the Exodus wallet can send and receive more than 100 cryptocurrencies and display their values in over 30 different Fiat currencies.

The wallet has three main components that are very practical and easy to use:

  • the Multi-Coin Wallet,
  • a portfolio tracker (in 30 Fiat currencies)
  • and an integrated exchange service from Shapeshift.

A very big advantage of the Exodus wallet is also very good customer support. In addition to an extensive FAQ area (including videos) there is the possibility to contact the Exodus team via e-mail, Twitter, Facebook and Slack channel. Furthermore, the security of the Exodus wallet can also be rated as good. Neither the developers nor other third parties have access to your “private keys”. These are encrypted, stored locally on your computer.

In the crypto community, however, there are two criticisms of the Exodus that we don’t want to withhold from you. Firstly, the backup function via e-mail is criticised because, although this is very convenient for the user, it also represents a security vulnerability. Second, the Exodus wallet does not have two-factor authentication. If both “problems” are considered together, hackers “only” have to crack the password, e.g. using a keylogger. Afterwards they already have full access to the wallet.

If you consider this to be uncritical, you can follow the link below which will take you directly to the Wallet’s download page (click here!). The wallet is available as desktop version for Windows, Mac and Linux. Smartphone versions for iOS and Android are also available.

Supported cryptocurrencies
The Exodus wallet supports over 100 cryptocurrencies including Bitcoin, Ethereum, Litecoin, EOS, Monero, Binance Coin, Tron, Stellar, XRP, Vechain and Monero as well as a variety of ERC20 tokens.
Operation
The wallet is known for its ease of use and intuitive design. Especially the navigation through the wallet addresses, the portfolio and the exchange service are very simple. On the dashboard, users can view current market trends and developments in their own portfolio. A special feature of the wallet is that the portfolio balances can be displayed in over 30 fiat currencies.
Transparency & Fees
Within the crypto community the Exodus wallet has one (further) big criticism: The wallet is not open source. Accordingly, the users of the wallet must trust the developers and rely on the trustworthiness of the developers of the wallet.

In principle, there are no additional fees for the Exodus wallet. Only if you use the built-in service of Shapeshift to exchange cryptocurrencies, you have to pay a variable fee of 2-5 percent

Security
During the initial installation, the users are prompted to create a 12-word recovery seed phrase. In case your computer breaks down, the wallet can be restored. Beyond that no personal data of the users are stored on the servers of Exodus. The private keys and transaction data are encrypted and stored locally on the mobile devices.

6.Litecoin Core wallet

The Litecoin Core wallet is the official full node client of the Litecoin project, which is supported by the Singapore-registered Litecoin Foundation and led by the directors Charlie Lee, Xinxi Wang and Franklyn Richards. The wallet, which was formerly known as Litecoin-QT, is aimed exclusively at advanced crypto investors and Litecoin miners.

Since the wallet is the Full Node Client, the entire blockchain must be downloaded and permanently synchronized, so appropriate hardware is required. The advantage of the Litecoin Core wallet is that, unlike other wallets, all protocols and rules required for accessing the Litecoin blockchain are implemented. It is also open source software that is regularly updated by the Litecoin development team to make it easier for anyone to use and more stable and secure.

The range of functions includes all the functions you would expect from a wallet. The wallet can be used to store, send and receive LTC and to view the transaction history. Furthermore, the Litecoin-Wallet can be encrypted for additional security and thus the private and public keys can be securely stored on your own computer.

The Litecoin Core wallet is available for Windows, MacOS and Linux and can be downloaded from this link.

Supported cryptocurrencies
Only Litecoin (LTC).
Operation
The wallet is only suitable for advanced users and especially for Litecoin miners.
Transparency & Fees
The wallet is free to use. The source code can also be viewed on GitHub. This is under MIT license.
Security
Since the software is regularly updated by the developers of Litecoin, the wallet is very secure.
Summary
Desktop wallets for Litecoin offer a good security standard. They offer the advantage that the private key is stored exclusively on the user’s computer. However, they have the disadvantage that the private key is connected to the Internet. This can infect computers and smartphones with malware aimed at stealing private keys. With a good anti-virus and anti-malware software you can protect yourself against it very well. Nevertheless you should be aware that there is still no absolute security!

Mobile Litecoin wallets

Mobile wallets have the advantage that, as the name suggests, they can be installed on ordinary smartphones. So you can access and send your Litecoin from any place in the world where there is an internet connection via smartphone.

Technically, mobile wallets have a lot in common with desktop wallets. So the private keys (usually) are also stored encrypted on your device, here your smartphone. Many desktop vendors now also offer a version for the smartphone.

Due to these similarities, however, they have the same problem as desktop wallets: There is a permanent Internet connection, through which hackers can access the private key. This topic is exacerbated even further with smartphones, because many users use public hotspots in cafés and restaurants, for example, where data is usually transmitted unencrypted.

This is another reason why it is particularly important to protect your smartphone with regular updates and, if necessary, anti-malware software. On the other hand, they also offer the same advantages as desktop wallets. In the following we have created an overview:

The advantages of mobile Litecoin wallets are:
✅ Access to Litecoin via Smartphone
✅ Access to the wallet from anywhere where there is an Internet connection
✅ More cryptocurrencies than just Litecoin are often supported.
✅ The user interface is often very simple and intuitive.
✅ If you have any questions, please contact customer support.

The disadvantages are as follows:
Less security than a hardware wallet
❌ No deposit insurance, as offered e.g. by eToro Wallet
❌ Vulnerable to hacker or phishing attacks
The best Litecoin wallets for iOS and Android
  1. Loaf Wallet
  2. Atomic Wallet
  3. Jaxx Liberty Wallet
  4. Coinomi Wallet
  5. Edge Wallet

1.LoafWallet

Loafwallet Litecoin

The LoafWallet is the official mobile wallet for the cryptocurrency Litecoin, which was launched by Charlie Lee, the inventor of Litecoin and is now being further developed by the Litecoin Foundation. It is an independent Litecoin Wallet, which can only send and receive Litecoin (LTC) and is now available for free download for both iOS and Android in the respective App Store.

A big advantage of the LoafWallet is that it is developed by the Litecoin Foundation. Because of this the wallet is always up to date and is regularly updated. No personal data is required to download the wallet.

In addition, it also has good privacy, since the private keys are stored exclusively on the user’s terminal device and not on external servers. In order to increase the security of the LoafWallet, users can create a PIN and passphrase to have a backup option in case the terminal device breaks down.

Another plus point when considering security is that the Loafwallet has no servers that can be hacked or go offline, so users can access their money anytime, anywhere. The LoafWallet connects directly to the Litecoin network and also offers strong performance with “Simple Payment Verification” (SPV mode). Very simple and useful is also the feature to import existing Litecoin wallets quickly and easily. In case of problems there is also a reliable support which can be contacted on Twitter, Google+ and Reddit.

Supported cryptocurrencies
The LoafWallet is an independent Litecoin wallet which can only send and receive LTC.
Operation
The user interface is very clear and simple. Therefore the wallet is not only suitable for advanced players, but also for beginners.
Transparency & Fees
The LoafWallet is an open source software whose code is available on GitHub and will be verified by everyone.
Security
The security and privacy of the wallet is very good. The private keys are stored exclusively on the user’s terminal device. In addition, a PIN and passphrase can be created to provide a backup option in case the device breaks down. Another advantage is that the Loafwallet has no servers that can be hacked.

2.Atomic wallet

Atomic Wallet

As with the desktop Wallets, the Atomic wallet is our Top 2 recommendation in the wallets category for your smartphone. The wallet is especially useful if you are looking for a Multi-Coin-Wallet which is not only able to manage Litecoin. The mobile version of the Atomic wallet is the same as the desktop wallet.

Accordingly, it also offers the same advantages. Thus over 300 different cryptocurrencies can be managed. In addition, the private keys and transaction data are stored encrypted on your smartphone. This means that neither the developers nor other third parties have access to it. The smartphone version also has Atomic swaps, as well as the option of using the exchange services of Changelly or ShapeShift.

You can download the wallet from the official website. In addition there are the iOS and Android versions in the respective App Store.

Supported cryptocurrencies
Using the Atomic wallet you can manage and send over 300 cryptocurrencies and all ERC20 tokens.
Operation
Installing the wallet works like installing an app on your smartphone. No personal data is requested during setup. The operation of the wallet is also very simple. Therefore the wallet is also suitable for absolute beginners.
Transparency & Fees

The Atomic wallet is a community-based product that uses open source libraries. However, in order to ensure the security of the Wallet, part of the source code will be kept secret.

There are no fees for the use of the wallet other than the usual network fees. For the additional features (Atomic Swaps, Changelly and ShapeShift) you have to pay variable fees.

Security
The Atomic wallet offers very good security. The wallet – as a decentralized solution – does not request any personal data from its users. In addition, all data is transmitted in encrypted form. The control of the private keys lies exclusively with the user, so that nobody else has access to your cryptocurrencies. In addition, each user can create a backup phrase to restore the wallet.

3.Jaxx Liberty wallet

Jaxx Liberty Wallet

The mobile version of the Jaxx Liberty wallet is identical to the desktop version, except that it is programmed for iOS and Android. Accordingly, the security and anonymity of the mobile Jaxx Liberty wallet can also be classified as very good.

Neither the developers nor third parties have access to your private keys, as they are stored encrypted on the user’s smartphone. In addition, the mobile version also offers a very simple way to create a backup. Otherwise, the same advantages from the description of the Jaxx desktop Wallet apply.

You can download the versions for your Android or iOS smartphone from the App Store.

Supported cryptocurrencies
More than 80 cryptocurrencies: 0x, Aion, Aragon, Augur, Bancor,Bankex, Basic Attention Token, BCH, Binance Coin, Bitclave, Bitcoin, Bitcore, Blockmason,BOXX, Brickblock, Civic, Cofoundit, Creditbit, Dash, Dentacoin, DigiByte, DigixDAO, Dogecoin, DomRaider, DPP, Edgeless, Enjin Coin, ETC, Ethereum, FirstBlood, Flixxo, Fuel, Gnosis, Golem, GRS, Helbiz, Huobi, Iconomi, iExec, Insureum, LIF, Link, Litecoin, Loom, Maecenas, Matchpool, MCI, MCO, Melonport, Metronome, Mithril, MobileGO, Monaco, NEO, OmiseGo,Paypie, Po.et, Polymath, Presearch, RCN, RLC, RLTC, Santiment, Scanetchain, Sense, SHIP, Shivom, SONM, Status, Storj, Storm, Stox,SWT, TenX, Tokencard,Ucash, Unikoin, Viberate, WAX, Wings, Worldcore, Zap, Zcash
Operation
The user interface of the wallet is very simple and intuitively designed, which makes it very intuitive to use. In addition to the usual functions, the wallet offers a few useful features, such as the latest news, market data and a multi-chain block explorer.
Transparency & Fees
For the Jaxx Liberty wallet there are no fees for the use of the software, only the regular network fees.
Security
The security of the Jaxx Liberty wallet is very good. Neither the developers, nor a third party has access to your “private keys”. These are stored on the smartphone. Users of the wallet can also create a backup phrase. If the smartphone is broken or lost, the Jaxx wallet can be restored via this backup.

4.Coinomi wallet

Coinomi Wallet

The Coinomi wallet is also a Multi-Coin-Wallet, which is suitable for iOS and Android operating systems and can store Litecoin (LTC) and over 275 other cryptocurrencies. It is one of the oldest multi-join wallets on the market and was released in 2014. Since the release, both the desktop and mobile versions have been downloaded by over a million users.

In addition to the very large number of coins, the wallet scores particularly well in the area of privacy. Besides the usual features for a good privacy – the private keys and transaction data are stored locally on your device – the wallet offers an integrated encryption for the IP addresses of the users.

Another useful function is the connection of the wallet to the Coinomi cryptocurrency exchange of the same name. Thus cryptocurrencies can be traded directly out of the wallet. However, there is also a point of criticism with the Coinomi wallet. It doesn’t offer two-factor authentication. Beyond password protection, a second security layer is therefore lacking. If attackers succeed in hacking the user’s computer, a keylogger is sufficient to steal the password and thus gain full access to the wallet.

If you want to use the wallet, you can download it from the official website (click!).

Supported cryptocurrencies
Litecoin and 275 other cryptocurrencies.
Operation
The user interface is very clear and intuitive. This makes the wallet ideal for beginners.
Transparency & Fees

Open source software is seen by many users as an important feature of transparency. Coinomi was part of the open source software movement.

However, in 2018 Coinomi postponed its project as closed source. This doesn’t mean their code is malicious. However, a certain amount of transparency has been lost as a result. It is also important to know that Coinomi does not charge any extra fees. The wallet is free of charge.

Security

The main reason for the popularity of the Coinomi wallet is the privacy, which is very high by default. Coinomi does not collect any personal data and encrypts the IP addresses of its users. In addition, the private keys are stored on the user’s device (PC or smartphone) so that no third party has access.

In addition, the Litecoin wallet provides the ability to create a recovery seed during setup that can be used to reinstall the wallet on another device if the user’s device breaks down.

Important note: The Coinomi wallet was never hacked before 27 February 2019. On this day a critical bug was discovered for the Coinomi desktop wallet. However, this bug was fixed very quickly by the Coinomi team. Further details can be found here.

5.Edge wallet

Edge

The Edge wallet is only available for Android and iOS. In addition to Litecoin, it can manage 17 other cryptocurrencies. A feature that sets the wallet apart from other competitors is the possibility to transfer US dollars and euros to the wallet and thus buy Litecoin. In addition, it has a good safety standard.

This allows 2-factor authentication, a PIN and a Touch ID to be set up to protect the account. Very practical for owners of several smartphones is also that the wallet can be used from several end devices.

To download the wallet you can visit the official website of the Edge wallet (click!).

Supported cryptocurrencies
Bitcoin, Ethereum, Litecoin, Monero, Ripple/XRP, Bitcoin Cash, Dash, Augur, Wings, Indorse, Zcoin, Feathercoin, DigiByte, Vertcoin, Bitcoin Gold, DAI, Stellar, Smartcash, Groestlcoin, Bitcoin SV, EOS.
Operation
One of the main focuses during the development of the Edge wallet was the easy handling. The developers also succeeded in doing this very well.
Transparency & Fees
The Edge wallet is completely anonymous. No personal or transactional information is transferred to the Company’s servers. In addition, the Edge wallet is fully open source and has been tested by leading security experts such as the Open Bitcoin Privacy Project.
Security
The Edge wallet uses a special security model. Instead of giving users the usual seed phrase, users choose a username and password. Alternatively you can also activate the use of a seed.
Summary
Mobile wallets for Litecoin basically have a good basic protection, which can be classified lower than for hardware wallets and higher than for Online wallets. The advantage over the latter is that the private key is stored on the user’s smartphone.

However, this advantage also entails a certain responsibility, since you must protect the private key in the best possible way. Since your smartphone is probably (almost) permanently connected to the Internet, it can be infected with malware that is aimed at stealing your private keys and your litecoin (LTC). Therefore you should update your smartphone regularly and install good anti-malware software if necessary. With this you can greatly reduce this risk. Our top recommendation for a mobile wallet is the official LoafWallet for Litecoin. .

Litecoin online wallets

Litecoin Online wallets offer an even simpler way to manage Litecoin than the previously introduced wallets. Online wallets have the great advantage that there is no need to set up, install or create a backup and only one login is required. Basically, online wallets can be grouped in two ways.

The first type are the accounts (wallets) on a cryptocurrency exchange. These offer the considerable advantage that the user does not have to worry about anything. The major disadvantage is that they require a high level of trust in the trading platform.

The users of a Exchange wallet must be confident that the platform will store the cryptocurrencies in cold storages and that the IT infrastructure will not be hacked. In addition, the employees who have administrative access must be trusted. At this point we would like to mention Mt. Gox Hack, which may have been an inside job (which could never be clarified). Well-known exchanges and brokers generally have very good security measures for each of these points of attack. However, exchange wallets are not very recommendable for the permanent storage of Litecoin.

The second type of online wallets are Litecoin specific developments. The LiteVault is probably the most popular and best-known Litecoin Online wallet. Below we have compiled an overview of the advantages and disadvantages of online wallets:

The advantages of Litecoin Online wallets:
✅ Access from anywhere in the world where an Internet connection exists
✅ Exchange wallets enable trading out of the Wallet
✅ In the case of exchange wallets, there is no installation work required.
✅ You can define limits for maximum payouts per transaction.
✅ The user interface is often very simple and intuitive.
✅ Often very good customer support

The disadvantages of Litecoin Online wallets:
❌ Lower security standard as hardware and desktop and smartphone wallets
❌Die Management of private keys (often) transferred to a third party
❌ Greater likelihood of hacking or phishing attacks
❌ Some web wallet vendors have turned out to be SCAM in the past.

The best Litecoin Online Wallets
  1. LiteVault
  2. Binance
  3. eToro
  4. Litebit

1.LiteVault

Litevault LTC wallet

LiteVault is an online wallet that was developed especially for Litecoin and features an open source design. It is practically an online wallet service that uses in-browser cryptography to store the LTC and is based on the same system as Blockchain.info. With LiteVault Litecoin transactions can be sent and received. It also offers integration with Changelly, allowing users to purchase LTC by credit card and exchange it with other Altcoins.

Technically, the wallet works as follows: When you log in to LiteVault, your web browser sends your identifier to a LiteVault server that returns the encrypted version of the wallet using the AES algorithm. Your browser decrypts this data with your password (which is never sent to the server) to load your private key to sign transactions.

When you perform a transaction, LiteVault uses the private key stored in the browser’s memory. After signing with the private key, the transaction is transferred as a hash to the LiteVault server, which forwards the transaction to the Litecoin network.

LiteVault is developed by Someguy123, who writes to himself on the official website:

I am a trustworthy website developer within the Litecoin community who is responsible for various services including the Litecoin Block Explorer and the administration of various official Litecoin resources such as Wiki and IRC:

Supported cryptocurrencies
Only Litecoin (LTC) is supported.
Operation
The operation of the LiteVault is super easy. After the successful registration you can already access all functions. Thus it is probably the fastest established Litecoin wallet in this list.
Transparency & Fees
The LiteVault wallet features an open source design. In addition, there are no Litevault wallet fees other than the usual network fees paid to the miners for transaction confirmation.
Security
For an online wallet LiteVault offers a good protection. In this way a two-factor authentication can be set up. Like many web wallets, however, LiteVault stores the private keys of its users. In contrast to the web wallets presented below, however, these are encrypted using in-browser cryptography before they are transmitted to the LiteVault servers. This effectively prevents third parties from accessing it. .

2.Binance wallet

Binance

Managing Litecoin (LTC) on Binance can also be an option if you intend to trade cryptocurrencies. Over 150 cryptocurrencies can be traded out of the wallet on one of the world’s most popular exchanges. However, since this is a exchange wallet, you must be aware that you are handing over the management of the private keys to Binance, which will store them for you.

The security of the Binance Web wallet can therefore also be classified as significantly lower than that of the wallets presented above. This has two main reasons in our opinion: First, your private keys are located on external servers. Secondly, Binance is a popular target for hacking attacks.

Binance is one of the safest exchanges in the world. Nevertheless, the market has already been hacked, with a total of 7,000 BTC being stolen in May 2019. Even if Binance has assumed full responsibility and has therefore not passed on the loss to its customers, this shows the vulnerability of online wallets.

We therefore recommend that you only use the Binance wallet as long as you are actively trading cryptocurrencies. If you are looking for a long-term storage option, you should send the LTC to an external wallet.

If you would like to register an account on Binance, you can do so via this link*.

Supported cryptocurrencies
Over 150 cryptocurrencies: All cryptocurrencies that can be traded at Binance can also be stored via the Web wallets.
Operation
The operation of the cryptocurrency exchange and the associated wallets can be somewhat complicated and confusing for beginners. In our Binance review, we explain in detail how you can use the platform.
Transparency & Fees
Use of the Binance wallets is free of charge. Trading fees are charged, as you can read in our Binance review.
Security
Binance is considered one of the safest exchanges in the world. Nevertheless, you should only keep your Litecoin on the exchange as long as you actively trade it.

3.eToro wallet

eToro wallet and Exchange

Our second choice is eToro, which, however, only appeals to residents outside of the US and UK (as of 01/2021). eToro is one of the largest CFD providers in the world and offers various cryptocurrencies in “physical form” as well as CFD (outside of the two aforementioned regions). Due to its high security standards and reputation, eToro can be a good option for custody in our view.

For more information, you can read our eToro review. If you want to sign up for the wallet, you can use this link (click here*) to create an account with eToro.

**68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

Supported cryptocurrencies
15 cryptocurrencies: Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), Dash (DASH), Litecoin (LTC), Litecoin Classic (ETC), Cardano (ADA), MIOTA (IOTA), Stellar Lumens (XLM), EOS (EOS), NEO (NEO), Tron (TRX), ZCash (ZEC), Binance Coin (BNB)
Operation
For beginners as well as advanced traders eToro offers a very clear and intuitive trading platform, with numerous advanced trading options.
Transparency & Fees
As described above, eToro charges fees. These can add up, especially when holding for a longer period of time. You can read in detail in our eToro review when they occur and how high they are.
Security
You should keep in mind that the private keys are managed by eToro.

4.Litebit wallet

Litebit

For the direct purchase and sale of Litecoin (LTC) Litebit is our top recommendation for investors from Europe. In addition to the brokerage service, the platform also offers a wallet to store Litecoin. Here you have to keep in mind that Litebit manages the private keys (according to the classical definition of a exchange web wallet).

While Litebit stores large portions of customer funds in cold Storages (offline) and provides 2-factor authentication for user accounts, Litebit does not provide a single point of authentication for all customer accounts. Nevertheless you should keep the Litecoin on the Litebit wallet for a short time only. We recommend you at least install a free desktop wallet or better still buy a hardware wallet.

If you want to buy Litecoin, just click on this link*. You will be directed to the official website of Litebit where you can register.

Supported cryptocurrencies
Over 50 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Cardano, DASH, Dogecoin and many more.
Operation
In the past years we made very good experiences with Litebit, because it offers a very easy to use user interface, which is understandable even for beginners.
Transparency & Fees
There are no fees for using the Litebit Web wallet.
Security
Even if we don’t know a hack and the majority of Litebit’s customer money is kept in cold wallets, we recommend you use a desktop wallet or a hardware wallet.

In the following we have summarized the most important aspects of the use of Web Wallets:

Summary
Online wallets for Litecoin are to be grouped into two categories: Exchange wallets and Litecoin specific developments. The former only offer basic protection for your Litecoin. While they are very convenient and easy to use. There is no installation required. However, they have the crucial disadvantage that you are not in possession of the private keys and exchanges are popular targets for hacking attacks.

Litecoin specific online wallets (e.g. LiteVault) have the advantage that you own the private keys. Nevertheless, the private keys are connected to the Internet and are stored in the web browser. Therefore, it is very important to install anti-malware software in order not to become a victim of a phishing attack or keylogger.

Overall, online wallets offer the lowest security standard and should therefore not be used permanently.

Litecoin paper wallets

Litecoin Paper Wallets can be a very good option if you want to save LTC offline and don’t want to buy a hardware wallet. By “storing” the password, the address and the private key on a piece of paper, the sensitive data will not be connected to the Internet. Only when you want to send a transaction do you have to use another wallet.

Since your private key then comes into contact with the Internet, you should then create a new Paper wallet. However, this process can be somewhat cumbersome for many transactions. From our point of view Litecoin Paper wallets are therefore always useful if you do not want to access the Litecoin (LTC) for a longer period of time.

The advantages of Litecoin Paper wallets are:
✅ Storage of private keys offline
✅ Best suited for beginners
✅ Easy and fast to create
The disadvantages are as follows:
Sending of transactions is not possible with paper wallets
❌Scam Danger! Only serious providers like liteadress.org should be used.
❌ Not 100% safe from hacker or phishing attacks (as soon as you use another wallet)

1. Best Litecoin paper wallet: LiteAdress

Paper wallet Litecoin

LiteAdress is a service that generates a private litecoin key and an address. After the generation you can print the key and the address and keep the note offline, so that no hacker can gain access to your Litecoin (LTC). It is important that your PC and printer are free of viruses and malware. This can be a potential weak point of the Litecoin paper wallet.

If you use Litecoin Paper Wallets, you should note the following:

Summary
Litecoin Paper or offline wallets are a good and safe way to store your Litecoin offline, free of charge. When creating the Wallet, make sure that your PC is free of malware.

Further important information about the Litecoin wallet test

Please also allow us a final piece of advice: Please note that we have gathered the information to the best of our knowledge and experience. However, despite all efforts, you should always gather further information and test different wallets to find the best wallet for you.

If you have questions or suggestions about our Litecoin wallet review, please leave us a comment. We’ll be glad to help you!

If you enjoyed this entry for the best Litecoin Wallets, we would appreciate a positive review!

[ratings]

Der Beitrag The best Litecoin wallets in comparison | Guide and review erschien zuerst auf Crypto News Flash.

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The best Ethereum Wallets in comparison | Guide and review https://www.crypto-news-flash.com/ethereum-wallet-test-guide/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-wallet-test-guide Wed, 14 Aug 2019 11:46:22 +0000 https://www.crypto-news-flash.com/ethereum-wallet-test-guide/ Not only for Bitcoin there is a seemingly innumerable number of wallets, but also for Ethereum (ETH) new wallets have come onto the market in recent years. Some of the wallets differ significantly in terms of their functions and security. Each type of wallet has specific advantages as well as disadvantages. Keeping track of the [...]

Der Beitrag The best Ethereum Wallets in comparison | Guide and review erschien zuerst auf Crypto News Flash.

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Not only for Bitcoin there is a seemingly innumerable number of wallets, but also for Ethereum (ETH) new wallets have come onto the market in recent years. Some of the wallets differ significantly in terms of their functions and security. Each type of wallet has specific advantages as well as disadvantages. Keeping track of the multitude and variety can be especially difficult for beginners.

To keep you informed, we have created this Ethereum wallet guide, which presents the best Ethereum wallets. Before we introduce the individual wallets, it is important to understand what distinguishes the different Ethereum wallets. The most basic distinction is the differentiation between a

  • cold wallet and
  • hot wallet.

The distinguishing feature is the connection to the Internet. While cold wallets are not connected to the Internet, hot wallets have a permanent connection to the World Wide Web. This makes cold wallets much safer than hot wallets. The reason is obvious. While hot wallets can be attacked by hackers via the Internet connection, cold wallets have no point of attack.

Because the difference in security between the two is so significant, large crypto investment firms and cryptocurrency exchanges never keep most of their customers’ money in a hot wallet, but always in a cold wallet! In our opinion, you should take this as an example. In the private customer segment, cold wallets comprise hardware wallets and paper wallets. Hardware Wallets are physical devices that are used to manage Bitcoin and Altcoins over them. In contrast to cold wallets, hot wallets can be divided into various other subcategories. These types have in common that the “Private Keys” come into contact with the Internet in different ways.

What is the Private and Public Key?
The terms Private Key and Public Key have their origin in asymmetric cryptography, which is used to encrypt data in cryptocurrencies. A private key is a randomly generated string that allows you to manage Ethereum. Thus the Private Key practically represents your property right to the cryptocurrency, which is why it must never be passed on. If you control the private key, you can also access the corresponding address and output the stored cryptocurrency.

The private key is mathematically linked to the wallet address, which is a hash version of the public key and cannot be reversed thanks to cryptography. In contrast to the private key, the public key or wallet address is not secret.

The subcategories of hot wallets are:

  1. Ethereum desktop wallets
  2. Ethereum mobile wallets
  3. Ethereum online wallets

Before you decide to purchase Ethereum (click here to read our guide), you should already know which wallet you are going to use. This will effectively save you fees and time.

First, we’d like to give you one more piece of advice: The storage of your Ether (ETH) on a wallet of an exchange or a broker (belong to the online wallets) is basically the worst variant. This is because you give control of the private key to the trading platform. You must remember that the Private Key reflects the ownership of your ETH. Our recommendation is therefore very clear: take responsibility yourself and install an external wallet.

Ethereum hardware wallets

Hardware wallet test 2019

Hardware Wallets have the highest security standard compared to all other Wallets! As already mentioned at the beginning, the Private Key of an Ethereum hardware wallet does not come into contact with the Internet. This is stored on the hardware wallet. A transaction can only be released via the physical device. This effectively protects hardware wallets against phishing attacks and other malware. A theft of your Ethereum (ETH) from the Hardware wallet is almost impossible.

In addition, hardware wallets are also physically very well protected in the event that the device is stolen. The hardware wallets presented below all have an additional authorization by means of a PIN. In addition, some hardware wallets offer the ability to set up 2-factor authentication, making the devices virtually unhackable even in the event of theft.

From our point of view you should buy a hardware wallet, if you invest larger amounts in Ethereum. Even the price for our test winner (around 120 Euros) is rather low compared to the amount you probably invested. In the following box we have summarized the advantages and disadvantages of hardware wallets:

The advantages of Ethereum hardware Wallets:
✅ Highest security standard
✅ Storage of private keys offline
✅ Hardware Wallets mostly support numerous cryptocurrencies
✅ The renowned hardware wallet manufacturers provide regular updates
✅ Each transaction must be physically confirmed via the device
✅ Very good customer support with the renowned manufacturers

The disadvantages of hardware wallets are:
❌No deposit insurance as offered by few brokers, e.g. eToro
❌ Storage of the coins is your own responsibility. However, this can also be an advantage!

In the following we introduce you to 5 different ETH hardware wallets. If you would like to know more about the individual wallets, we recommend that you read our detailed test reports on the hardware wallets.

The best 3 Hardware Wallets in 2019
Hardware WalletInfoTest
Ledger Nano X kaufen

⚡ OUR test champion: The Ledger Nano X
✅ Manage 100 cryptocurrencies simultaneously
✅ Compatible with more than 1,100 cryptocurrencies
✅ Bluetooth connection for mobile wallet
✅ New flagship of the market leader
⛔ Price: 119,90 € - in the middle range

Testbericht lesen

Read our review

Ledger Nano S kaufen

⚡ Best price/performance ratio: The Ledger Nano S
✅ Very good Price: 59,90 €
✅ Compatible with more than 1,100 cryptocurrencies
✅ Proven quality: more than 1.3 million units already sold
⛔ Manage max. 5 cryptocurrencies simultaneously

Testbericht Ledger Nano S

Read our review

Trezor Model T kaufen

⚡ 3rd place: The Trezor Model T
✅ Over 1,000 cryptocurrencies supported
✅ Proven quality from Trezor
✅ Firmware is not installed on the device until you start it
⛔ In comparison to the Nano X: less features and functions 
⛔ High price: about 180 €

Testbericht Trezor Model T

Read our review

1.Ledger Nano X

The Ledger Nano X is the test winner in our hardware comparison test, in which we tested 8 different hardware wallets and tested all functions of the devices extensively. The successor to the Ledger Nano S, which has been sold over 1.3 million times worldwide, offers some new features that are very practical and helpful. The biggest innovation in the Ledger Nano X is the Bluetooth function, which allows the device to be operated with a smartphone and the mobile Ledger Live app. The Nano X thus practically becomes a mobile wallet that offers the same security as the desktop version.

In addition to this new function, the Ledger Nano X also features three major innovations. Ledger’s new flagship has a much larger memory than its predecessor and can manage up to 100 cryptocurrencies simultaneously. In addition, the display has been slightly enlarged, so that Bitcoin addresses can be displayed completely – without scrolling. In our opinion, there is currently no other hardware wallet that offers a better price-performance ratio than the Ledger Nano X.

Supported cryptocurrencies

The Legder Nano X can manage over 1,100 different cryptocurrencies in total. There is hardly a cryptocurrency from the Top 100 by market capitalization that is not compatible with the Nano X.

Due to the larger memory, up to 100 Apps can be installed on the device simultaneously instead of 5 Apps (as with the Nano S) and thus up to 100 cryptocurrencies can be managed at the same time.

Operation
Operation of the Ledger Nano X is very simple and intuitive. The device is operated via the 2 buttons on the top. Additionally the Ledger Live App is required. With the app you can check your account balance in real time and the performance of your portfolio, as well as send and receive cryptocurrencies. The transaction is released exclusively via the hardware wallet.
Transparency & Fees

Ledger is open source software, so it is publicly available. However, the code for the hardware is secret. Ledger says it chose this architecture because it is not possible to “reach the level of physical security with generic chips”.

The fees charged for a transaction by Ethereum are transparent and can be adjusted. They correspond to the network fees. Ledger itself does not charge any fees.

Security
Ledger’s security standards are industry-leading. Ledger has become a brand not only appreciated by private investors, but also used and supported by numerous companies. The French company has established cooperations with Neufund, blockchain.com and Switcheo. Samsung also announced a $2.6 million investment in the French company in April 2019.

Also the Bluetooth function is no security gap or danger. Only non-critical data (not the private key and not the recovery seed) is transferred via Bluetooth. In addition, a release with the Ledger Nano X is always necessary to send transactions.

2.Ledger Nano S

With the release of the Nano X, the Ledger Nano S is no longer Ledger’s latest model. Nevertheless, it can still be an interesting investment as it is still one of the most secure hardware wallets on the market. Especially the low price of 59 Euro offers newcomers a hardware wallet with an unbeatable price/performance ratio. Who can live without the new and extended functions of the Nano X and only wants to manage a small number of different cryptocurrencies, e.g. only Ethereum and Bitcoin, should bux the Nano S from our point of view.

Supported cryptocurrencies
As with the Legder Nano X, over 1,100 different cryptocurrencies can be managed via the Ledger Nano S using the Ledger Live Software. Due to the smaller memory, only 5 apps can be installed on the device at the same time, so that users always have to install and uninstall the apps (the data / account balances are not lost!). However, this works without problems and within a few seconds..
Operation
The operation of the Ledger Nano S is also very simple and intuitive. Operation is via the 2 buttons on the device. Additionally the Ledger Live App is required. Both models use the same Ledger Live software. You can check your account balance in real time and the performance of your portfolio, as well as send and receive cryptocurrencies..
Transparency & Fees
The Ledger Live Software is open source software whose source code is publicly available. The operating system of the Ledger devices is (still) a secret, which according to Ledger should only be revealed in the future.

The fees for a transaction are transparent, can be set and correspond to the network fees of the respective blockchain. Ledger himself doesn’t charge anything.

Security
Ledger’s security technologies are industry-leading. These are not only used by Ledger hardware wallets, but also by companies to securely store cryptocurrencies

3.Trezor Model T

Shortly after Ledger released the Nano X, SatoshiLabs also released a successor to its successful model, the Trezor One. The Trezor Model T must therefore measure up to the Nano X in direct comparison. It is noticeable that the Model T has also received numerous new features and extended functions. The Trezor Model T, for example, has a touch screen on which all transactions must be confirmed.

In addition, the firmware (Trezor Core) has been completely revised for security reasons. In addition, the Model T has a faster processor, a MicroSD card slot for data encryption, and a modern USB-C port to connect to your computer. Compared to the Trezor One it is the premium version.

Supported cryptocurrencies
The Trezor Model T can manage more than 1,000 different cryptocurrencies. It is a pity that not all coins can be sent and received directly with the Trezor Bridge software (currently 51 crypto currencies, including Ethereum). The remainder must be managed via third-party software, e.g. MyEtherWallet. You can find a complete list of all coins under this link.
Operation
The Trezor Model T is much higher quality than its predecessor. The buttons have a better grip and the colour touch display works perfectly. In addition, the new Trezor Bridge software offers many great features.
Transparency & Fees
The Trezor software and hardware is largely open source and publicly available on GitHub and therefore adaptable. The code was written by Trezor with extensibility in mind.

Before each transaction, you can determine how high the transaction fee should be, depending on how fast the transaction is to be processed in the network. There are no extra fees for this, only the network fees of the respective blockchain

Security
Ledger and Trezor are the best known and most popular manufacturers of hardware wallets worldwide. There is a good reason for this. With the Trezor One, Trezor has the longest experience in the development of hardware wallets

4.Trezor One

The Trezor One is the oldest hardware wallet on the market. It was first released in 2014 by SatoshiLabs and is said to be the most trusted and secure hardware wallet on the market according to SatoshiLabs. The Trezor One has already been sold over a million times, which clearly speaks for the quality and safety of the wallet. The Trezor One can be an inexpensive but very good alternative, especially for newcomers.

Supported cryptocurrencies
In total, Trezor One can manage over 1,000 different cryptocurrencies. This works through the use of third-party software, such as Electrum, bitwala, and MyEtherWallet. You can send and receive the following cryptocurrencies directly with the Trezor software: Bitcoin, Ethereum, Litecoin, Dogecoin, ZCash, DASH, Namecoin, Bitcoin Cash, Ethereum Classic, Bitcoin Gold, Ubiq, NEM, Expanse and all ERC20 tokens.
Operation
Operation of Trezor One and Trezor Software is very easy, even for beginners, as the user interfaces are very clearly laid out. In addition, the explanations on the user interface support the user to expand their own knowledge.
Transparency & Fees
Most of Trezor’s hardware and software is publicly available on GitHub. The transaction fees are transparent. Before you complete a transaction, you can determine how much the transaction fee should be. There are no additional fees for use.
Security
Ledger and Trezor are the best known manufacturers of hardware wallets. This is certainly also due to the fact that they have the longest experience in developing hardware wallets. Accordingly, the Ethereum hardware wallets are considered very secure by both companies.

5.Digital Bitbox

The Digital BitBox is an inexpensive and very small hardware wallet that supports five different cryptocurrencies, including Ethereum and all ERC20 tokens. The device is a minimalist Ethereum hardware wallet, which generates a wallet (bip32) at startup by the integrated micro controller. A very useful and good security feature is the slot for a micro SD card, which can be used to create an offline backup for recovery.

Supported cryptocurrencies
At the moment the Bitbox 01 supports: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin and all ERC20 tokens using a third party app (e.g. the MyEtherWallet).
Operation
Operation is basically simple when it comes to functions such as “Send” and “Receive”. However, setting up an Ether (ETH) wallet is a bit more complicated.
Transparency & Fees
The Digital Bitbox software is open source, so the code is publicly viewable and tested. There are no extra fees for using the Ethereum wallet (as with all other hardware wallets).
Security
The Digital Bitbox itself has no display, so the transactions have to be verified on the screen of a computer. This allows the user to check whether a transaction has been manipulated. However, in contrast to verification via the hardware wallet (as with Ledger and Trezor), this method is slightly less secure.

You should know this about hardware wallets:

Summary
Hardware Wallets offer the best possible protection for the storage of ether (ETH). Since the private keys are never connected to the Internet, Ethereum hardware wallets are in fact not hackable. Currently there is no stronger protection on the market!

Even if the price may initially discourage you a little, the purchase of a hardware wallet is recommended. Especially the Ledger Nano S is now so cheap that the price should no longer be an excuse to protect the Ether (ETH) in the best possible way.

Ethereum desktop- and mobile Wallets

As the name suggests, desktop wallets are programs that are installed on the computer to manage Ethereum. The advantage over online wallets is that the private keys are stored on your own device and not on the server of a company. Thus you retain full control over your ETH. However, a desktop is not as well protected against hacker attacks as a hardware wallet, since your PC is (probably) permanently connected to the Internet. Nevertheless, the protection is significantly higher compared to online and web wallets.

Desktop Wallets are the best alternative from our point of view if you are looking for a free wallet for Ethereum. To help you keep track, we introduce you to the best desktop wallets for Ethereum in 2019. But first we would like to show you again the advantages and disadvantages of Ethereum desktop wallets compared to the other types of wallets:

The advantages of Ethereum desktop wallets:
✅ Sole control over the Private Keys
✅ No acquisition costs – use is free of charge
✅ Regular updates
✅ Each transaction must be confirmed manually.
✅ High security standard

The disadvantages of Ethereum desktop wallets:
Less security than using a hardware wallet (more vulnerable to hacker attacks)
❌ Be careful when choosing an unknown wallet: There are known cases of fraud.

Mobile Ethereum Wallets have the advantage that you can access the wallet with your mobile phone and thus make transactions very quickly and from anywhere. However, smartphones are a very popular target for hackers. You are only effectively protected against hacker or phishing attacks with a hardware wallet. Below we have summarized the advantages and disadvantages of mobile wallets:

The disadvantages are as follows:
✅ You can access your wallet from anywhere, as long as you have an Internet connection
✅ More crypto currencies than just Ethereum are often supported.
✅ The user interface is often very simple and intuitive.
✅ If you have any questions, please contact customer support.

The disadvantages are as follows:
Less security than a hardware wallet
❌ No deposit protection, as offered e.g. by the eToro Wallet
❌ Susceptible to hacking or phishing attacks

Below you will find our top recommendations for a safe Ethereum desktop or mobile wallet. Since all manufacturers provide both a desktop version and a version for the smartphone, we have combined these two types of wallet in one ranking.

  1. Guarda
  2. Atomic Wallet
  3. Jaxx Liberty
  4. Exodus Wallet
  5. Coinomi
  6. Edge Wallet

1.Guarda Wallet

Guarda Wallet

The Guarda Wallet supports more than 50 different cryptocurrencies, including Ethereum, of course. The wallet is available both as desktop and mobile version or as Chrome browser extension. For those who don’t want to download any software, Guarda also offers a web wallet that offers the least security but is the fastest and easiest to set up.

Your private keys are stored on your computer or smartphone, so only you have access to them. Since there is at least a temporary connection to the Internet, you should make sure you use an up-to-date virus program.

It’s quick and easy to set up for the first time and only takes a few minutes. The wallet interface is clearly laid out and intuitive, so even newcomers will quickly get to grips with the wallet.

You can download the wallet from the official website.

Supported cryptocurrencies
The wallet supports more than 50 different cryptocurrencies, including Ethereum.
Operation
The initial setup is very quick and easy. The surface is simple and intuitive. Accordingly, the wallet is also ideal for beginners..
Transparency & Fees
There are no fees for downloading, installing or using the Wallet. Only the normal network charges of the Ethereum blockchain apply for sending transactions.
Security
The safety of the wallet can be classified as very good. Your private keys are stored on your computer or smartphone, so only you have access to them. The Webwallet offers basic security and easy login. However, we recommend using the desktop or mobile wallet.

2.Atomic Wallet

Atomic Wallet

The Atomic wallet is a multi-Coin desktop wallet that supports over 300 different cryptocurrencies, in addition to Ethereum. The focus of wallet developers is on security, anonymity and decentralization. It is therefore not surprising that the wallet is very popular in the crypto space, even though it was not launched on the market until 2017. Another reason for the popularity of the Atomic wallet is certainly that it was founded by Konstantin Gladych, CEO and co-founder of the popular crypto exchange platform Changelly.com.

It is very important that the Atomic wallet does not store the private keys or the transaction data itself or pass them on to third parties. Both private key and transaction data are stored exclusively on your own device. A very useful feature, from which the wallet gets its name, are the Atomic Swaps. This allows different cryptocurrencies in the wallet – peer-to-peer – to be exchanged without an exchange being involved (which charges additional fees for the trade in addition to the network fees). For coins that do not yet support Atomic Swaps, the wallet offers the option to use Changelly or ShapeShift to execute trades from within the wallet.

We personally have had very good experiences with the Atomic wallet over the past two years. Due to the extensive features, the large number of compatible coins and the intuitive user interface, the Atomic wallet is our top recommendation. Whether in the desktop or mobile version, the Atomic wallet is the best option for beginners and advanced users.

You can download the wallet under this link. It is available as desktop version for Windows, Mac, Ubuntu, Debian and Fedora. There are also mobile versions for iOS and Android in the respective App Store.

Supported cryptocurrencies
Currently the Atomic wallet supports over 300 cryptocurrencies, including all known cryptocurrencies and all ERC-20 tokens.
Operation
The operation and installation is very simple and intuitive even for absolute beginners.
Transparency & Fees
The Atomic wallet is a community-based product that uses open source libraries, block explorers and other important elements. However, in order to ensure the security of the wallet, some of the developments will be kept secret.

There are no fees when using the Atomic wallet, except of course the network fees. However, fees may apply for the additional features of the wallet. In-wallet peer-to-peer transactions are subject to different fees. However, the fees for the Atomic swaps are minimal and are carried out at normal market condition.

Security
The Atomic wallet offers very good security. The wallet – as a decentralized solution – does not request any personal data from its users. In addition, all data is transmitted in encrypted form. The control of the Private Keys lies exclusively with the user, so that nobody else has access to the cryptocurrencies. In addition, each user can create a backup phrase to restore the wallet.

3.Jaxx Liberty Wallet

Jaxx Liberty Wallet

The Jaxx Liberty wallet is also a Multi-Coin-Wallet, which is available as desktop and smartphone version for 80 different cryptocurrencies. The wallet is developed and continuously updated by Anthony Di Iorio, a co-founder of Ethereum, and therefore enjoys a good reputation in the crypto industry.

The safety of the Jaxx Liberty wallet is very good. As with the Atomic wallet, neither the developers nor third parties have access to your “private keys”. These are stored encrypted locally on your computer. The Jaxx wallet offers the possibility to create a backup in case your computer is broken or stolen. Overall, the operation of the wallet is really very simple. The support team, which is available around the clock, is also highly praised in various online forums.

To download the Jaxx Liberty wallet you can click on this link. You will then be taken to the official website. There you can download the desktop wallet, as well as a mobile version and a version for a web browser. The application is available as desktop version for Mac and Windows, as well as mobile version for Android and iOS. There is also a browser extension for Google Chrome.

Supported cryptocurrencies
More than 80 cryptocurrencies: Ethereum, Ethereum, BCH, Litecoin, Dash, ETC, Zcash, Dogecoin, RETH, DigiByte, GRS, Binance Coin, Huobi, Fuel, OmiseGo Flixxo, Insureum, MCO, NEO, FirstBlood, Augur, Bitcore, Golem, Status, DigixDAO, Dentacoin, Bancor, Monaco, TenX, WAX, Iconomi, Civic, Polymath, Santiment, Gnosis, Aragon, Link, DomRaider, Loom, Enjin Coin, Bankex, BOXX, Tokencard, iExec, RLC, Maecenas, Matchpoo,l Melonport, Metronome, Mithril, Aion, MobileGO, Ox, Edgeless, Po.et, SONM, Wings, Shivom, Helbiz, Presearch, Bitclave, Creditbit, Paypie, MCI, Brickblock, Blockmason, RCN, SWT, Ucash, Unikoin, Cofoundit, LIF, DPP, Basic Attention, Scanetchain, Sense, SHIP, Storj, Stox Viberate, Worldcore, Zap, Storm
Operation
The installation and operation is very easy even for beginners! The user interface also offers some helpful features, such as the latest news, market data and a multi-chain block explorer.
Transparency & Fees
There are no separate transaction fees for the Jaxx Liberty wallet. No other fees are charged for the use of the Wallet
Security
The security of the Jaxx Liberty wallet is very good. Neither the developers, nor a third party has access to your “Private Keys”. These are stored on the device used for access. Users of the wallet can also create a backup phrase. If the PC or Smartphone is broken or lost, the Jaxx wallet can be restored via this backup.

4.Exodus Wallet

Exodus Wallet

The Exodus wallet is also a Multi-Coin wallet with which we have had very good experiences. Exodus was officially launched by Daniel Castagnoli and JP Richardson in July 2016. The wallet is known for its ease of use and intuitive design. In addition, it is very popular due to the number of over 100 compatible cryptocurrencies, the value of which is displayed in over 30 different Fiat currencies.

In total, the Exodus wallet has three main components: the Multi-Coin wallet, a Portfolio Tracker and an integrated exchange service from Shapeshift. A very big advantage of the Exodus wallet is the good customer support. In addition to an extensive FAQ area (including videos) there is the possibility to contact the Exodus team via e-mail, Twitter, Facebook and Slack channel. Furthermore, the security of the Exodus wallet can also be rated as good. Neither the developers nor other third parties have access to your “Private Keys”. These are encrypted, stored locally on your computer.

However, there are two vulnerabilities that cannot be considered optimal. On the one hand, the Exodus wallet offers a backup function via e-mail. This function makes the backup very convenient, but also a bit less secure. On the other hand, Exodus does not provide two-factor authentication, which lacks a second layer of security. This means that hackers “only” have to steal the password, e.g. hack using a keylogger, and then have full access to the wallet.

If you still decide for the free Exodus wallet, you can click on the following link which will take you directly to the Wallet’s download page (click here!). The wallet is offered as desktop version for Windows, Mac and Linux. There are also mobile versions for iOS and Android.

Supported cryptocurrencies
The Exodus wallet supports over 100 cryptocurrencies, including popular currencies such as Bitcoin, Ethereum, Litecoin, EOS, Monero, Binance Coin, Tron, Stellar, XRP, Vechain and Monero, as well as a variety of ERC20 tokens.
Operation
The wallet is known for its ease of use and intuitive design. In particular, the navigation through the wallet addresses, the portfolio and the exchange service make the wallet easy to use. On the dashboard, users can view current market trends and developments in their own portfolio. A special feature of the wallet is that the portfolio balances can be displayed in over 30 fiat currencies.
Transparency & Fees
Within the crypto community the Exodus wallet has a big criticism: It is not open source. Accordingly, the users of the wallet must trust the developers and rely on the security and trustworthiness of the wallet.

In principle, there are no additional fees for the Exodus wallet. Only if you use the built-in service of Shapeshift to exchange cryptocurrencies, you have to pay a variable fee of 2-5 percent.

Security
During the initial installation, the users are prompted to create a 12-word recovery seed phrase. In case your computer breaks down, the wallet can be restored. Beyond that no personal data of the users are queried. Users’ private keys and transaction data are encrypted and stored locally on their devices. Neither the developers nor other third parties have access to this sensitive data.

5.Coinomi Wallet

Coinomi Wallet

Also the Coinomi wallet is a Multi-Coin-Wallet, which can manage more than 275 other cryptocurrencies besides Ether (ETH)! The Coinomi wallet is the oldest Multi-Coin wallet on the market and was launched in 2014. Since then, millions of users have already used it. In addition to the large number of coins, the wallet scores particularly well in the area of privacy. In addition to the usual privacy features – the private keys and transaction data belong to the user and are not passed on to third parties – the wallet offers integrated encryption for the IP address of its users.

Another feature of the wallet is the connection to the cryptocurrency exchange Coinomi. This allows users to trade cryptocurrencies directly from the wallet. The function can save the detour via an exchange, such as Coinmerce or Coinbase. However, the Coinomi Wallets also has a point of criticism. As with the Exodus wallet, no two-factor authentication is offered. This means that there is no second level of security besides protecting the wallet with a password. If attackers succeed in hacking the user’s computer, a keylogger is sufficient to steal the password and thus gain full access to the wallet.

You can download the wallet on the official website (click!).

Supported cryptocurrencies
Ethereum and 275 different cryptocurrencies.
Operation
The user interface is very clear and intuitive. This makes the wallet ideal for beginners.
Transparency & Fees

Open source software is seen by many users as an important feature of transparency. Coinomi was part of the open source software movement. However, in 2018 Coinomi postponed its project as closed source. This doesn’t mean their code is malicious. However, a certain amount of transparency has been lost as a result.

It is also important to know that Coinomi does not charge any extra fees. The use of the wallet is free of charge.

Security

The main reason for the popularity of the Coinomi Ethereum wallet is the privacy, which is very high by default. Coinomi does not collect any personal data and encrypts the IP addresses of its users. In addition, the private keys are stored on the user’s device (PC or smartphone) so that no third party has access.

In addition, the Ethereum wallet provides the ability to create a recovery seed during setup, which can be used to reinstall the wallet on another device if the user’s device breaks down.

Important note: The Coinomi wallet was never hacked before 27 February 2019. On this day a critical bug was discovered for the Coinomi desktop wallet. However, this bug was fixed very quickly by the Coinomi team. Further details can be found here.

6.Edge Wallet

Edge

The Ethereum Edge wallet is a wallet that is only available as a mobile wallet for Android and iOS. In addition to Ethereum, it can manage 17 other cryptocurrencies. One feature that sets the wallet apart from other desktop and mobile wallets is the ability to transfer Fiat currencies to the wallet (Euro and US dollars) and purchase Ethereum directly.

In addition, it has a good safety standard. This allows 2-factor authentication to be enabled to protect the user account. You can also secure your account with a PIN or Touch ID. Very useful for owners of multiple smartphones is also that the wallet can be used from multiple devices.

To download the wallet you can visit the official website of the Edge wallet (click!).

Supported cryptocurrencies
Bitcoin, Ethereum, Litecoin, Monero, Ripple/XRP, Bitcoin Cash, Dash, Augur, Wings, Indorse, Zcoin, Feathercoin, DigiByte, Vertcoin, Bitcoin Gold, DAI, Stellar, Smartcash, Groestlcoin, Bitcoin SV, EOS.
Operation
One of the main focuses during the development of the Edge wallet was the easy handling. The developers also succeeded in doing this very well.
Transparency & Fees
The Edge wallet is completely anonymous. No personal or transactional information is transferred to the Company’s servers. In addition, the Edge wallet is fully open source and has been tested by leading security experts such as the Open Bitcoin Privacy Project.
Security
The Edge wallet uses a special security model. Instead of giving users the usual seed phrase, users choose a username and password. Alternatively you can also activate the use of a seed.
Summary

Desktop and mobile wallets for Ethereum provide a good level of security that can be rated lower than hardware wallets and higher than online wallets. They offer the advantage that the Private Key is stored exclusively on the user’s terminal device.

However, they have the disadvantage that the private key is connected to the Internet. This can infect computers and smartphones with malware aimed at stealing Private Keys and your Ether (ETH). With a good anti-virus and anti-malware software you can protect yourself against it very well. Nevertheless you should be aware that there is still no absolute security!

Ethereum Online Wallets

Ethereum Online Wallets offer an even easier and faster way to manage Ethereum than desktop wallets. The classic example of an online wallet are the accounts on a cryptocurrency exchange. These offer the considerable advantage that the user does not have to worry about anything. Both the installation and the creation of a backup are omitted. However, exchange wallets also require a great deal of trust in the trading platform. Users must be confident that the platform will store the cryptocurrencies in cold storages and that the IT infrastructure will not be hacked. In addition, the employees of the trading platform who have administrative access must be trusted.

At this key point, only the Mt. Gox Hack shall be mentioned briefly, which was possibly an inside job. Ultimately, however, well-known and established exchanges and brokers have very good security precautions for each of these points of attack. This is another reason why it cannot be assumed in principle that online wallets are insecure. They just do not offer the same level of security as hardware wallets!

Beyond exchange wallets, there are also online wallets that are not operated by cryptocurrency exchanges. Here two Ethereum specific developments are to be mentioned above all. This is on the one hand the MyEtherWallet, probably the most popular and best known Ethereum wallet. On the other hand, there is the MetaMask wallet, which occupies a special position and offers some special functions that set it apart from other wallets.

Below we have compiled an overview of the advantages and disadvantages of online wallets:

The advantages of Ethereum Online Wallets:

Access from anywhere in the world where an Internet connection exists
✅ Exchange Wallets enable trading out of the wallet.
✅ In the case of exchange wallets, there is no installation work required.
✅ You can define limits for maximum payouts per transaction.
✅ The user interface is often very simple and intuitive.
✅ Often very good customer support

The disadvantages of Ethereum Online Wallets are:
❌ Less Security standard as hardware and desktop wallets
❌ The Management of private keys is (often) transferred to a third party
❌ Greater likelihood of hacker or phishing attacks
❌ Some web wallet vendors have turned out to be SCAM in the past.

1.Our test winner: MyEtherWallet

MyEtherWallet

The MyEtherWallet (MEW) is a user interface for accessing the Ethereum blockchain and sending transactions. MEW was already released in July 2015 and is valued in the crypto community, especially by developers, for its ability to build distributed applications (dApps). But the MEW is also very popular among ETH investors. It is the most commonly used Ether (ETH) wallet.

A big advantage of the MEW is that no special technology or software is required to use the wallet. After the first versions of MyEtherWallet were technically quite sophisticated, the user interface has become very clear and intuitive over the years. Users can easily send and receive Ether (ETH) and all ERC20 tokens, check the balance and access Smart Contracts.

In addition, users have several options to choose from to access their Ether addresses: MEWConnect (mobile version for the smartphone), via hardware wallet (e.g. Ledger, Trezor, Keepkey, Digital Bitbox, etc.) and Metamask extension and software (via keystore file, private key or mnemonic phrase).

MEW has also partnered with a number of companies to enable users to exchange their Ethers for other cryptocurrencies. These include Bity, Kyber Network, Changelly and Simplex, so users can switch Fiat to Crypto, ETH and BTC, ETH and ERC-20.

In addition to these reasons, we believe that two criteria are decisive that make the MyEtherWallet the best online wallet for Ethereum and our test winner:

  1. The MEW provides an interface to the well-known Ledger and Trezor hardware wallets, eliminating the security vulnerabilities of web-based wallets.
  2. Although the MyEtherWallet is accessible via the Internet, the private keys and transaction data are not stored on external servers, but only on the user’s computer
Supported cryptocurrencies
Since this is a specific development for the Ethereum blockchain, Ethereum (ETH) and all ERC20 tokens are supported by the MyEtherWallet. The Ethereum Fork, Ethereum Classic (ETC) can also be managed with the MEW.
Operation
The user interface of the MyEtherWallet can now compete with other wallets in terms of usability. In addition, users have many ways to access their Ether addresses.
Transparency & Fees
Since the MyEtherWallet is an interface to the Ethereum blockchain, the user will not be charged any additional fees besides the ETH transaction fees. The use of the MEW is completely free of charge. In addition, the code is open source and the project is completely transparent.
Security
Because the MyEtherWallet is a web-based wallet you have to be very careful! Users should always ensure that they visit the original website. One indication of this is the HTTPS protocol (“https://”). There are already numerous documented victims of phishing attacks on the MyEtherWallet that have led to the loss of Ether (ETH)!

Nevertheless, the MEW offers the highest security for online wallets. The Private Key is not stored online, but on the user’s device. The MyEtherWallet is also compatible with Ledger and Trezor hardware wallets, making it a very secure option for Ethereum investors.

If no hardware wallet is used as the interface, the MEW has the disadvantage that there is no possibility of recovery if the KeyStore files or seed phrases are lost. The passwords and the private key should therefore be written down physically on paper as a backup.

2.MetaMask

Metamask Wallet

Metamask is an Ethereum hot wallet that can be installed via browser extension for Google Chrome, Firefox, Opera and Brave and already has more than one million active users. The browser extension is an important part of the Ethereum ecosystem in order to access decentralized applications (dApps) from a web browser and execute transactions within dApps by storing the private keys. With this functionality, MetaMask is of central importance for Ethereum’s dApp ecosystem.

It is important to know that the MetaMask wallet stores the private keys locally in the user’s own browser and not on external servers. This gives the user full control. However, browser access also has a disadvantage: Although neither MetaMask nor the browser has access to the sensitive information, browsers such as Google Chrome can collect information about usage behavior – when and how MetaMask is used. Like many other wallets, MetaMask offers an integrated solution to buy cryptocurrencies. MetaMask users can select Coinbase and ShapeShift to purchase Ether or ERC20 tokens.

Conclusion: The MetaMask wallet is a very special wallet which we can recommend if you plan to use dApps on the Ethereum Blockchain. For security reasons you should (in our opinion) refrain from storing larger amounts of Ether (ETH) permanently via MetaMask wallet. Other wallets are better suited for this.

Supported cryptocurrencies
MetaMask is an application that allows users to manage Ethereum and all ERC20 tokens. Please note that not all ERC20 tokens are supported by default. If necessary, they have to be added manually in MetaMask, which is a very simple task.
Operation
Once set up, MetaMask is very easy to use. All functions are clearly arranged, so that sending and receiving transactions is easy even for beginners.
Transparency & Fees
The MetaMask code is open source and freely accessible online. There are no additional fees in addition to the Ethereum network fees.
Security
The big disadvantage of the MetaMask wallet is the security. MetaMask itself does not offer sufficient safety measures to protect the wallet in the best possible way!

3.Binance Web Wallet

Binance

Custody of Ether (ETH) on Binance, one of the largest and most popular cryptocurrency exchanges in the world, can also be an option if you plan to actively trade cryptocurrencies. On the exchange you can trade over 150 crypt currencies out of the online wallet. However, you should be aware that if you use the Binance wallet, you will hand over the responsibility for managing the Private Keys to Binance. Accordingly, security can also be classified as significantly lower than with the wallets presented so far. On the one hand, your private keys are stored on external servers; on the other, Binance is a popular target for hackers.

Although it is one of the safest exchanges in the world. Nevertheless, Binance has already been hacked. The biggest Binance Hack happened in May 2019, when hackers succeeded in stealing a total of 7,000 BTCs. From the users’ point of view, Binance fortunately took full responsibility for the hack and therefore did not pass the loss on to its customers. Nevertheless, our recommendation is that you use the platform exclusively for trading cryptocurrencies and not for permanent storage. If you want to store your Ethereum for a long time, you should send the ETH to an external wallet.

You can register an account on Binance by clicking on this link*.

Supported cryptocurrencies
Over 150 cryptocurrencies: All can be traded at Binance and stored in the Web wallet.
Operation
The operation of the cryptocurrency exchange and the associated wallets can be somewhat complicated and confusing for beginners. In our Binance Review, we explain in detail how you can use the platform.
Transparency & Fees
Use of the Binance Wallets is free of charge. Trading fees are charged, as you can read in our Binance Review.
Security
Binance is considered to be one of the safest exchanges in the world, which until today has only once been the victim of a hack and has not passed the loss on to its customers. Nevertheless, you should only keep your Ethereum on the exchange as long as you actively trade.

4.eToro Wallet

eToro wallet and Exchange

Our second choice is eToro, which, however, only appeals to residents outside of the US and UK (as of 01/2021). eToro is one of the largest CFD providers in the world and offers various cryptocurrencies in “physical form” as well as CFD (outside of the two aforementioned regions). Due to its high security standards and reputation, eToro can be a good option for custody in our view.

For more information, you can read our eToro review. If you want to sign up for the wallet, you can use this link (click here*) to create an account with eToro.

**68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

Supported cryptocurrencies
15 cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Dash (DASH), Litecoin (LTC), Ethereum Classic (ETC), Cardano (ADA), MIOTA (IOTA), Stellar Lumens (XLM), EOS (EOS), NEO (NEO), Tron (TRX), ZCash (ZEC), Binance Coin (BNB)
Operation
eToro offers a very clear and intuitive trading platform for beginners as well as advanced traders.
Transparency & Fees
As described above, eToro charges fees. These can add up, especially when holding cryptocurrencies for a longer period of time. You can read in detail in our eToro review when they occur and how high they are.

5.Litebit Online Wallet

Litebit

Litebit is our top recommendation for European customers to buy and sell Ethereum (ETH). Besides the brokerage service, the platform also offers an Ethereum Web wallet, where Litebit takes care of the management of your private keys (according to the classic definition of a stock exchange web wallet).

Litebit stores a large part of its customers’ money in cryptocurrencies in a cold storage (offline). Litebit also offers the option of 2-factor authentication for the account (and thus the wallet). However, we recommend that you rather use a free desktop wallet or buy a hardware wallet if you want to keep ETH long term. For the short-term storage of your Ether (ETH) the Litebit wallet is suitable from our point of view.

If you want to buy Ethereum, just click on this link*. You will be taken directly to the home page where you can register.

Supported cryptocurrencies
Over 30 crypto currencies including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Cardano, DASH, Dogecoin and many more.
Operation
In the past years we made very good experiences with Litebit, because it offers a very easy to use user interface, which is understandable even for beginners.
Transparency & Fees
There are no fees for using the Litebit Web Wallet!
Security
Even if we don’t know a hack and the majority of Litebit’s customer money is kept in cold wallets, we recommend you to use a desktop wallet or a hardware wallet.

In the following we have summarized the most important aspects of the use of Web Wallets:

Summary
Online Wallets for Ethereum are divided into two categories: Exchange Wallets and Ethereum specific developments. The former only provide basic protection for your Ethereum. Operation is often very simple and free of charge. In addition, you can trade on the respective exchange (when using an exchange wallet). However, they have the big disadvantage that you are not in possession of the Private Keys. Moreover, exchanges are popular targets for hacking attacks. So you have to trust the security of the exchanges.

Ethereum specific online wallets (MEW and MetaMask) have the advantage that you are the sole owner of the private keys. They also offer a higher level of protection in principle. However, you must keep in mind that the private keys are connected to the Internet (MetaMask stores them in the browser). This means that your computer may come into contact with malware that is aimed at stealing your Ether (ETH). With a good anti-virus and anti-malware software you can protect yourself against it very well. Nevertheless, one should be aware that there is no absolute certainty.

Both categories of web wallets also have the disadvantage that they are particularly susceptible to phishing attacks because they use a browser to access them.

Ethereum Offline Wallets / Ethereum Paper Wallets

Ethereum Paper Wallets can be a very good option if you want to save ETH offline and don’t want to use a hardware wallet. They have a very good reputation in the crypto community. The explanation for this is quite simple: Because the password, address and private key are “stored” on a piece of paper, the sensitive data is not connected to the Internet. However, you should note that a web wallet must be used to send transactions.

Ethereum offline Wallets are especially useful if you don’t want to access the Ether (ETH) for a long time. You can keep your Ethereum Paper wallet in a safe place. It is important that your PC and printer are free of viruses and malware. This can be a potential weakness of the Ethereum Paper wallet.

The advantages of Ethereum Paper Wallets are:
✅ You can access your wallet from anywhere if you have an Internet connection
✅ Best suited for beginners
✅ Easy and secure to create

The disadvantages are as follows:
❌ No deposit insurance as offered by some Ethereum exchanges like eToro
❌ Storage of coins is your own responsibility, this can also be an advantage, depending on what you prefer
❌ Not 100% safe from hacker or phishing attacks

1. Best Ethereum paper wallet: MyEtherWallet

MyEtherWallet allows you to print an Ethereum Paper wallet. The website creates the Private Key and the Public Key with one click. You can then print out the information and keep it in a safe place so that no external hacker can gain access to your Ether (ETH).

If you use Ethereum Paper wallets, you should note the following:

Summary
Ethereum Paper or offline wallets are a good and safe way to store your Ethereum for the long term. Make sure that your PC is free of Trojans and other malicious programs when creating it.

Further important information in the Ethereum wallet test

Please note that we have compiled the information to the best of our knowledge and experience. However, you should always seek further information and test different wallets to find the best wallet for you.

If you have any questions or suggestions about our Ethereum wallet review, please feel free to leave us a comment. We’ll be glad to help you!

If you liked this entry for the best Ethereum wallets, we would appreciate a positive review!

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