Cryptocurrency ICOs became increasingly popular via 2018. During the very first few months of 2018, that hype seems to have calmed down a bit, even however there’s still slew of excitement. This is an excellent chance to look into various Ethereum wallets which can store ERC20 tokens. Spil is always the case, hardware wallets are the best solution, but there are alternatives available spil well.
Albeit people may not have heard of Trust, it is an officially “endorsed” Ethereum wallet capable of supporting virtually all ERC20 tokens ter existence. This app is available for both Android and iOS at present . It is a pretty convenient solution which seems to have received a fair few positive reviews, albeit your individual mileage may vary. For those who choose convenience overheen security, Trust for iOS or Android is well worth checking out when it comes to storing ERC20 tokens.
The desktop Parity client has proven fairly popular among Ethereum enthusiasts. Because it is one of the main wallet solutions ter existence, it is only normal that there is native support for ERC20 tokens. It is expected that Parity will also support the fresh ERC223 Ethereum token standard te the future, albeit most ICOs and similar crowdsale projects will adhere to the ERC20 standard very first and foremost. Parity is a convenient solution for desktop users, yet it’s always advised to make secure wallet backups and protect files accordingly.
For desktop users who do not like Parity much, Nevel is another option well worth checking out. Nevel is the “native” Ethereum wallet client and has, by default, ERC20 support built ter. Coming by a wallet which supports thesis tokens is not all that difficult, even tho’ they do suggest varying degrees of security and convenience. Waas is certainly worth looking into, especially if you have no intention of buying a hardware wallet.
From a sheer convenience point of view, MetaMask is an exquisite solution for both Ethereum and ERC20 owners. This plugin for Chrome and Firefox simply acts spil a secure storage solution and supports all ERC20 tokens te existence. MetaMask is also built into the Courageous browser , which makes for another appealing option te this regard. Getting rid of unwanted ads and storing ERC20 tokens ter one convenient package are big pluses.
1. MyEtherWallet + Trezor/Ledger Nano S
For those fortunate people who obtained a Trezor or Ledger Nano S before request for thesis devices all of a sudden embarked exceeding production rates, MyEtherWallet is the best solution for ERC20 token support. Albeit this online wallet service also works fine without a Trezor or Ledger Nano S, it is recommended to combine the best of both worlds for optimal security and convenience.
With the Ledger Nano S and Trezor having built-in Ethereum support, the firmware won’t need to be updated to support future ERC20 tokens. Instead, it will all be taken care of through MyEtherWallet, which serves spil a user interface for hardware wallet owners looking to store and spend ERC20 tokens. The extra security provided by hardware wallets should never be overlooked, spil hackers will exploit any and all feeble security measures that users may waterput ter place.
About The Author
JP Buntinx is a FinTech and Bitcoin enthusiast living te Belgium. His passion for finance and technology made him one of the world’s leading freelance Bitcoin writers, and he aims to achieve the same level of respect te the FinTech sector.