The list of best Ethereum wallet in 2021
Whether you purchase Bitcoins or Ethereum or any other crypto, you will eventually need a wallet to store it. Since the digital coins are not present in their physical form, therefore you will need a virtual wallet to store them. Speaking about the wallets to store crypto, there are different types of crypto wallets including a cold wallet and a hot wallet. But, there are some differences between the two and you need to find out which Ethereum wallet is the best for you. So, in this article, we shall try to explain to you how you can choose the best Ethereum wallet and how to use it.
So, if you are also interested to know about these wallets, then you have landed at the right place as we are going to tell you all the important details related to the Ethereum wallet. But, before that, we shall have a look at what is Ethereum, how to mine it, and the price of Ethereum.
What is Ethereum?
If you are curious to know what is Ethereum, then you should note that it is a decentralized, open-source blockchain with smart contract functionality, that was released in the year 2015. The token name of this crypto is Ether and its market value is quite similar to that of a Bitcoin. In simple terms, we can say that it is the seconds most actively used blockchain.
How much is Ethereum?
Before opening up our discussion on the best Ethereum wallet, let us understand more about Ethereum. Since we know that the price of every crypto keeps on fluctuating a sometimes it may see a huge slippage and vice versa. As of August 12, 2021, the price of Ethereum is 3,151.72 United States Dollar. However, this price keeps on fluctuating day by day which means you can keep a check on its price and decide when you wish to buy it for yourself. Moving on, let us now shift our focus on how to mine Ethereum.
How to mine Ethereum?
Mining Ethereum is a complex as well as time-consuming process. It usually takes around 60 days to mine 1 Ethereum. On the other hand, if you want to mine Ethereum, you will need to choose one of the ways to do so. You can mine Ethereum in different ways including NiceHash, Mining Pools, and Optimal Settings. Well, one of the easiest ways to mine Ethereum is opting for the Mining Pools. You can join one of the mining pools that are available in the market. A few of them include SparkPool, Nanopool, and F2Pool. After you are successful in Ethereum mining, you will need the best Ethereum wallet to store it about which we are going to discuss later on.
How to buy Ethereum?
After you have known enough about Ethereum, you should know the price of Ethereum before moving on to the purchase process. To buy Ethereum there are multiple stages you need to go through:
STAGE 1- At first, you need to choose an exchange to make the purchase (This could be Coinbase, Coinmama, Bittrex, etc.)
STAGE 2- Sign up and add a payment method to the chosen exchange
STAGE 3- Go to the Buy and Sell tab and select Ethereum from the given option
STAGE 4- Choose the best Ethereum wallet and transfer your Ether to it
Just make sure that you know the Ethereum price USD and the fee that a particular platform charges you to buy it. The moment you complete the buying process, you will be charged according to the current Ethereum value.
The list of best Ethereum wallet
Whether you trade with any kind of cryptocurrency Bitcoin Ethereum, you will eventually need a wallet to store it. Therefore, I have compiled this list of the best Ethereum wallet to choose from:
- Ledger Nano X.
- Ledger Nano S (Hardware Wallet)
- Trezor (Hardware Wallet)
- Guarda (Desktop + Mobile)
- Exodus (Desktop Wallet + mobile)
- Jaxx (Mobile Wallet)
- Atomic Wallet (Desktop and Mobile)
Among them, the safest and oldest Ethereum wallet is Trezor One and is the best for beginners who do not have much idea about using a wallet.
We hope that you were able to learn about Ethereum, mining it, its value, price, and much more. Being more specific about the best Ethereum wallet, you can choose any one of the wallets that I have mentioned in this post. Just make sure that you know how to use these wallets and how to transfer or withdraw Ethereum from them.