At Edge, we’re builders first and foremost, but we’re also users and appreciators of any and all great crypto tools available to us. We love our Ethereum wallet, however, no matter how useful, our wallet, like the others on this list, contains limitations determined by unavoidable trade-offs. Each wallet has to contend with seemingly never ending questions from design, to feature requests, to asset support, chain support, etc. No wallet has everything but there is probably a great wallet out there for you and what you’re trying to accomplish.
Below is a list of some of the best Ethereum wallets we’ve had the pleasure of using in an unranked order, including our own.
The Argent Wallet has excellent security and provides a great mobile Ethereum experience.
Argent users can assign trusted devices or individuals – known as “Guardians” – to help recover their assets. If a user loses access to their phone, they can send request(s) to Guardian(s) and recover their assets upon majority (Guardian) approval.
While Argent might not have as many chain options as other wallets, it’s great for the loyal Ethereum user. The lack of other chains allows the Argent team to focus on optimizing Argent to be a unique and ground-breaking Ethereum wallet. Through Argent, users have secure, easy to use, in-app access to some of the best Ethereum dapps on layer 1 and layer 2. For users who want a simple, secure, and cutting edge Ethereum experience, Argent is a great option.
Convenience and unlimited access define the Metamask experience. Metamask is a browser plug-in and mobile wallet that allows users to connect to almost anything and everything in the Ethereum ecosystem: Dapps, testnets, layer 2s, developer features, etc. If it’s in the Ethereum ecosystem, you can probably access it with your Metamask wallet and can do it conveniently through your desktop and/or on mobile device, whichever you might prefer.
Although not known for its security features, Metamask does allow users to connect their hardware wallets to Metamask for an extra layer of protection. Like any security measure, it’s not foolproof if you’re not being diligent, but many users and Ethereum developers alike use this to combine the extra layer of security provided by a hardware wallet with the convenience and universal access provided by Metamask itself.
This tool is still in its infancy but the Tally (browser extension) is a very new Ethereum wallet that’s owned and operated by its users, while also being less reliant on centralized infrastructure. Although non-custodial wallets are less reliant on third parties than a typical banking application, there are still choke points that rely on third-party service providers instead of an open-source protocol. The typical example of this in regard to Metamask is its reliance on the company Infura for many of its functions.
Tally is the Ethereum community’s alternative to some of the potential problems that may come down the road for Metamask or any other non-custodial wallet provider that depends on centralized infrastructure for some of its functions.
The Tally wallet is in its infancy so users shouldn’t expect a mature wallet right away. Features that are common in other wallets won’t be there. However, the manner and medium in which Tally is being formed and operated are quite unique. Tally could show the way forward for all non-custodial wallets to become increasingly decentralized themselves.
Last but not least, Edge is a secure, feature-rich, multi-chain wallet. Edge incorporates a slew of tools such as encrypted password recovery, one-touch 2FA, device synchronization, spending limits, etc. that work together to make a user’s mobile crypto experience as safe as possible.
Edge has the big stuff like security covered, but we also have some little features under the covers that make using crypto-networks like Ethereum much smoother. Some examples include being able to speed up a transaction after it’s already been sent by increasing ethereum fees and easily splitting wallets if non-ETH assets are inadvertently sent to an ETH address.
Unlike the others we listed, Edge is a multi-asset and multi-chain supporting application. The others are great Ethereum wallets, but that is the full extent of their scope, whereas Edge services a much broader crypto ecosystem and user base.
Depending on who you are and what you’re trying to accomplish in the Ethereum ecosystem, one of these wallets will probably be able to get the job done. Ethereum explained simply doesn’t begin to scratch the surface with respect to the multitude of functionality the network has available. Each wallet listed above brings its own mix of greatness to the table. The crypto ecosystem is too vast for any tooling or business to be all things to all types of users all at once, but in aggregate everyone should be able to find the right solution for them.
Every team is forced to make tradeoffs and focus on what they do best. And luckily, there are a lot of teams laser focused on what they do best.