What is the best Ethereum wallet?
Before you can start your cryptocurrency journey, you are required to have created and set up your personal Ethereum wallet. By using your Ethereum wallet, you can store and send Ethereum. In this guide, we will explain you what a Ethereum wallet is, what kind of Ethereum wallets are available, which Ethereum wallets we recommend and how you can use your Ethereum. wallet at Anycoin Direct.
What is a Ethereum wallet?
A Ethereum wallet is a physical device, software program or service that stores your public and private keys and interacts with the blockchain. You can compare your wallet's public key, which also functions as your "coin address", to your bank account number for Ethereum, where anyone can track the transactions made, but no one knows they are yours. The private key of your wallet can be seen as the password for your Ethereum bank account, which you can use to send Ethereum (ETH) from your wallet to another.
What kind of Ethereum wallets are there?
There is a wide variety of different Ethereum wallets on the market you can use. The options differ from online wallets accessible through the web, to hardware wallets that are a bit more costly. The different kind of wallets and their properties are described below.
Which Ethereum wallets does Anycoin Direct recommend?
At Anycoin Direct we have made a selection of recommended Ethereum wallets for our customers:
- Online wallet: MyEtherWallet
- Software wallet: Exodus
- Mobile wallet: Exodus Mobile
- Full node wallet: Parity
- Hardware wallets: Ledger, Trezor
Be aware, that Anycoin Direct is not responsible for the usage of these wallets. Always do your own research!
How can you use your Ethereum wallet on the Anycoin Direct platform?
You can use your Ethereum wallet to buy, sell or trade Ethereum on the Anycoin Direct platform. If you prepare your Ethereum wallet and click the receive button, your Ethereum wallet address will be shown, which you need to enter in the flow to buy Ethereum. To sell Ethereum you need to click on the 'send' button in your wallet, which will let you fill in the Ethereum address of Anycoin Direct provided to you in the sell flow.