Ethereum is the second most popular cryptocurrency after the king, Bitcoin. It is also a decentralized cryptocurrency that works on its own network, commonly called a blockchain. It is a technical service that manages and tracks transactions efficiently. Today, the Ethereum price in India is reaching 2,96,752. 68 INR.
Many investors have shown interest in this crypto which is why it is now available in every crypto exchange in India. However, they can’t be stored in physical wallets as fiat currency. So, there are digital wallets available in various crypto trading platforms and independent firms to serve you the best. In this write-up, we have enlisted top ether wallets which you can consider in 2022 to suit your needs.
But, before that, let’s just catch up with a brief introduction of crypto wallets to build a better understanding of the same.
What exactly is a crypto wallet?
A crypto wallet is software that allows a user to interact with digital assets. In addition, it lets the investor or trader store both public and private keys for spending ether. An Ethereum wallet comprises features and options of importing paper wallets which is more secure compared to the alternate means since they are not connected to the internet. You have to keep this wallet hidden for better safety. For this, it has inbuilt several points of verification before accessing any funds.
After getting insights on the meaning of crypto wallets, let’s move forward to the best Ethereum wallets to look out for in 2022.
Trezor One
It is the oldest bitcoin hardware wallet created in SatoshiLabs. When talking about security, Trezor is quite advanced as it has a security PIN. It means even if you connect to a compromised device your data and information will remain safe. Many crypto capitalists believe that this platform can be the best for Ethereum storage and transactions.
Metamask
It is the easiest and most user-friendly wallet for Ethereum. Also, if you are a beginner then this wallet can do wonders for you. It has a chrome extension that can be easily added and accessed. Furthermore, it provides an abstraction to its users which leads to lowering the entry barrier for freshers. However, it is not as secure as the hardware wallet or paper one. But, it can do the job efficiently if you are at the starting stage.
Ledger Nano S
It is among the most preferred hardware by investors and traders. No doubt, the list will be incomplete without mentioning it. Financial and crypto investors assert that this crypto wallet is here to stay in 2022 as well. Moreover, it is a hardware wallet that works offline. So, it becomes the safest place to store your Ethereum without fail. No fraudulent practices such as hacking can be practiced in this wallet.
Furthermore, Exodus, Mist, and Mycelium are other Ethereum wallets gaining hype. In case you want more detail on the wallets covered in this article, you must explore their websites to have better knowledge of the same. Plus, they regularly update the Ethereum price in INR and related affairs on their pages to be aware of the ongoing changes in the crypto.
Moreover, whichever wallet you choose, make sure to look for the background of the company and its reputation. Reliability is important in this highly volatile market.
