If you are looking for EOS wallets for safely storing your EOS tokens, here are five of the best.
EOS is a platform for the growth of decentralised applications designed as a scalable and user-friendly version of Ethereum. EOS tokens are the platform’s original token. This cryptocurrency is decisively set up as one among the twenty major digital currencies by market cap.
In case you want an EOS, you have to get wallet supporting ERC20 tokens. They offer easy, convenient storage. You will find many options.
Things to look for in an EOS wallet
Look for the following features while purchasing an EOS to make sure you find a safe and secure EOS wallet.
- EOS support: An ERC20 token on the Ethereum blockchain, it requires you to utilize a wallet supporting these types of tokens. Know that following the full release of the EOS platform in 2018, the tokens will shift to the EOS blockchain.
- Security features:It is vital to ensure the security of your EOS tokens. Verify the features offered by the EOS wallet to secure your funds against hacking and theft. Look out for features like advanced encryption and two-factor authentication.
- Private keys:Private keys can permit you to send and receive funds by means of your cryptocurrency balance.
- Continued development: Confirm that the wallet is constantly being upgraded and developed with innovative features and improvements. It will ensure optimum functionality and safeguard against the latest security threats.
- Customer support: See whether you will be able to speedily contact the wallet provider’s support team. Also, ensure the team is prompt in responding and helpful.
- Positive reviews: Look for independent reviews from different wallet users. Are they recommending it to others? Is it supported by a well-built development team? Also, check for any security flaws.
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Five best EOS wallets
Following are the 5 of the best EOS wallets we review to help you safely store your EOS tokens.
Ledger Nano S (Hardware EOS wallet)
Pros: Increased level of security. It supports a variety of coins and tokens. It requires simple set-up and is practical for daily use.
Cons: It is not free
Hardware wallets offer increased level of security for crypto coins and tokens. It permits storing your EOS tokens in a secluded offline environment. One of the superior hardware wallets is the Ledger Nano S. It offers support for a variety of cryptocurrencies and many vital security features.
It doesn’t come free, unlike desktop and web wallets. Nevertheless, you can easily connect it to your computer through USB to set up your wallet and manage your ERC20 tokens.
It is perfect for the MyEtherWallet web interface. It comes with an OLED display and has buttons that require pressing to verify a transaction.
You can lock your device by a secure PIN code. It also include a two-factor authentication feature. You can also utilize Nano S to hold Bitcoin Cash, Bitcoin, Ethereum, Litecoin, and other cryptocurrencies.
TREZOR (Hardware EOS Wallet)
Pros: Increased level of security. It supports numerous cryptocurrencies. It is secure and easy to use.
Cons: High cost
Check out the TREZOR USB wallet if you want to store your EOS in a hardware wallet.
It is a well-liked cold storage option. You can store EOS, Ethereum bitcoin, and several ERC20 tokens. It is compatible with MyEtherWallet.
This hardware wallet comes with a built-in screen. It has manual buttons that you have too press to confirm transactions. You will also find two-factor authentication feature and superior cryptography that offers an increased level of protection for your crypto funds.
It is easy to set up the wallet. You will easily understand how everything works.
Jaxx (Desktop & Mobile EOS Wallet)
Pros: It is easy to use and offers convenience of access across multiple devices. It supports manifold cryptocurrencies.
Cons: It has a few security drawbacks and is not compatible with the EOS token sale.
Go for Jaxx if you are a newbie searching for a wallet to store numerous cryptocurrencies. It has a simple user interface and you can access it from:
- Windows, Mac and Linux operating systems
- Android and iOS smartphones and tablets
- Chrome browser extension
Jaxx supports over 50 coins and tokens. It includes EOS, Ethereum, bitcoin, bitcoin cash, and litecoin.
You will be offered detailed instructions when registering your ERC20 EOS token for the alteration to the EOS mainnet in June.
The ShapeShift integration is for quickly and easily exchanging one cryptocurrency for another. It uses a 12-word “masterseed” to handle private keys.
MyEtherWallet (Web based EOS Wallet)
Pros: It allows control of your private keys and has a simple set-up process.
Cons: The user interface is not the prettiest. It has some security concerns.
MyEtherWallet provides one main advantage over ordinary online wallets. You can retain full control of your private keys. It wallet stores keys on your computer, store ERC20 tokens, and operates as an interface that permits access to the blockchain.
You don’t have to give out you personal information to create a wallet. It permits anonymity. And incorporation with hardware wallets like the TREZOR and Ledger Nano S offers optimum security.
You can easily create a wallet to send and receive payments even if the interface can be confusing to someone new to cryptocurrency. A few users, reportedly were targeted by phishing attacks.
Exodus (Desktop EOS Wallet)
Pros: It has a striking user interface. It is simple to set up and use and supports several cryptocurrencies. It offers 24/7 support.
Cons: It is not as secure as a hardware wallet and is not compatible with the EOS token sale.
The Exodus desktop wallet is the perfect choice for someone looking for a user-friendly EOS wallet. It is a free software wallet that is aesthetic and has user-friendly interfaces. You will find several other useful features for managing of your crypto coins and tokens easily.
There are live charts for quickly and easily tracking the value of your portfolio. The features are easy to find and use. ShapeShift allows quick cryptocurrency exchanges. The private keys and transaction data are encrypted and stored on the computer.
It will give you instructions on how to register your ERC20 EOS tokens for the EOS mainnet release in June.
Exodus also permits you to store Ethereum, bitcoin, dash, and 30 more cryptocurrencies. Further, it offers 24/7 customer support.
But remember that it will never provide the same level of security as a hardware wallet. The lack of two-factor authentication is a disadvantage. Launched only in July 2016, Exodus is still a relatively new company.
How to securely store your EOS
Follow these important tips to keep your EOS or any other crypto coins and tokens safe:
- Do research before transferring: Ensure you research the pros and cons of the wallet in and out before transferring your EOS tokens to any wallet to see it’s right for you. Only make use of wallets from reputable providers.
- Don’t get scammed: Crypto holders are a target for hackers and thieves. They target with the use of counterfeit websites with very similar URLs to those of official, highly regarded wallets. Ascertain you are clicking the right before visiting sites and downloading any software.
- Take a test: Transfer only a small amount of cryptocurrency into your EOS wallet at first.
It will let you know if it is safe, legitimate and works as promised.
- Protect your EOS wallet. Though it can take some time to set them all up, utilize all the security features provided by your wallet.
- Update your antivirus protection.Get the latest antivirus protection installed on any device you will be utilizing to access your EOS wallet. Update it regularly to defend against new threats.
- Pick your password cautiously: Use upper and lower case letters, numbers and other characters when choosing a password. Make it impossible to crack.
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