ERC20 tokens are used exclusively on the Ethereum platform. The term ERC20 stands for “Ethereum Request For Comments” and 20 is an unique ID number that is used to distinguish the token standard from other tokens. The ERC20 tokens follow a list of rules and regulations on the Ethereum platform. An ERC20 compliant token or smart contract brings certain benefits to its users. There are few wallets supporting ERC20 tokes which makes it difficult to choose best ERC20 wallets for you.
The Ethereum Blockchain supports more than 550 ERC20 compliant coins and smart contracts, so one need to be really diligent and careful while choosing their wallet for storing ERC20 coins.
Points to remember while choosing your ERC20 wallet:
- The wallet should support ERC20 coins.
- Control over pvt keys of the wallet.
- The user interface should be easy and simple to use.
- Look into the security features.
- A 24/7 backup team in case there is any problem.
- An active community platform for further development of the wallet.
List of Best ERC20 Wallets:
Let us now look into some of the best ERC20 wallets for Ethereum Tokens:
Ledger Nano S:
Ledger Nano S is a hardware wallet that can easily be plugged into any USB port. It supports multiple coins and tokens. It has an OLED screen and a side button on the device. You can use the button to view and check all your transactions and your balance in the wallet. It is backed by a great support team and is constantly under development and will include more currencies in the future. The security features are quite strong in Ledger Nano. It is secured by passphrases, PIN codes and seed keys that makes it one of the most popular and secured wallets in the ERC20 platform. Buy Ledger Nano S Wallet
Trezor is another hardware wallet and is one of the oldest wallets that are active so far. It contains an OLED screen and the user interface is very simple. Trezor has a very unique sleek design and has touch buttons and magnetic dock that gives a safe hold to the wallet. Users need to store its 12-digit passphrase as a backup for future references, loss or damage of device. The wallet has seed keys, PIN code protection and passphrase features that make the wallet extremely secure. Trezor is slightly costlier than Ledger and costs around $110 and it comes in three different colours white, gray and black. Buy Trezor Wallet
MyEtherWallet is an open source web wallet and its user interface is very easy to use. It is completely secure as it is an offline wallet and it stores no personal information or data of its user in its server. Users have full control of its private keys and hence it is very secure. MEW is a hot wallet so it is recommended not to store large amounts in this wallet. However, it can be used along with Ledger Nano S and in that case it comes completely secure and can store bigger amounts of funds. MyEtherWallet can also be used to store coins on Trezor and Ledger Nano through its web browser. Get MyEtherWallet Now
MetaMask is a web wallet and is completely free to use. MetaMask browser allows you to store send and manage your ERC20 coins. Users have full control of its private keys of the wallet. Users can smoothly switch between their own network browsers and the Ethereum network. Users can also access DApps and smart contracts securely through this wallet. Get Metamask Wallet
Atomic wallet is a desktop wallet. It is one of the best wallets by far as it supports all ERC20 coins. Users have full control of their private keys and seeds as all of them are stored in the device itself and none is shared in the browser or server. Users are still advised to safely store their seed passphrase for future use. The Atomic Wallet is available in Android phones as well. The iOS version will soon be launched. Another unique feature of Atomic Wallet is that it has its own official token called the AWC. Get Atomic Wallet
Coinomi is a mobile wallet. It is a multicurrency wallet and supports forked coins. Coinomi also supports the ERC20 coins and is backed by a very good community of developers. It stores all your private keys securely within the wallet itself and you have full control of your funds. It is an HD wallet protected by a PIN code, a seed code and a passphrase feature. However, you have to activate its token feature by adding your set of tokens. You can download the Coinomi App into your Android phones. The iOS version will be launched soon. Get Coinomi Wallet
Trust is a mobile wallet. It supports ERC20 coins as well as ERC223 tokens as well. Users here need not worry about security as all their private keys are stored locally. It supports multiple coins like Ethereum, Ethereum Classic, EOS, Callisto, Otum, BAT, Augur and more than 30,000 other ERC20 coins. You can also connect with other DApps through this wallet. Trust has also partnered with the Kyber network that allows it to trade with other exchanges. Get Trust Wallet
MyCrypto wallet allows complete control of your private keys and you are in full control of your funds. It never stores personal data, password, or private keys. MyCrypto is completely free and there are no transaction fees. You can run MyCrypto from your computer without an internet connection. Users are advised to keep a record or backup of their private keys in case of any loss or misplacement. Get MyCrypto Wallet
Coinbase is one of the safest crypto wallets for storing your ERC20 tokens. It stores all your digital collectibles and assets securely. Your private keys are secured through a biometric authentication feature. The wallet allows you to buy or sell your crypto assets through other exchanges available in the crypto market. Get Coinbase Wallet
Another popular wallet for your crypto coins is the Parity wallet. It is a desktop wallet. It is also a full-node wallet and is available for Windows, Ubuntu, Docker as well as OSX. It has a GUI based web browser that allows its users to access DApps. Parity also hopes to support ERC223 coins in the near future. Get Parity Wallet
Mist is often considered as the official wallet of Ethereum as it is backed and developed by the developers of the Ethereum Blockchain. Mist is a desktop wallet and it has a built in Shape-Shift trading feature which allows its users to exchange their tokens easily from their wallet. It is in fact one of the most secure wallets with an added multi signature feature. Download MIST Wallet
Guarda is a mobile-based wallet and is currently available for Android phones only. Users have full control of their keys and their funds. The private keys are securely stored in your own device and none is shared to the wallet servers. It also has an exchange service within the wallet through which you can securely trade your coins. Guarda is a multicurrency wallet and supports not only ERC20 coins like Guarda Ethereum, Guarda Ethereum Classic but other currencies like Guarda Bitcoin, Monero, etc. Guarda has partnered with Changelly that allows them to exchange currencies. Download Guarda Wallet
Eidoo is a multicurrency light wallet that supports ETH, ERC20 as well as ERC223 tokens. Eidoo was initially launched as a mobile wallet for Android and iOS phones, but now it is also available as a desktop app as well. It will soon launch its hybrid exchange where users can exchange tokens with very minimum fees. Eidoo also plans to launch some new features in future like DApps, an exchange marketplace and also a cryptocurrency debit card. Eidoo is completely free to use and can be downloaded into your desktop from the Eidoo website and to your mobile phones from Google Play. Get Eidoo Wallet