Join over 94,000 students, learn all you need to know about Bitcoin. One Email a Day, 7 Days in a Row. Ethereum, the mining dogecoin vs bitcoin calculator platform that allows smart contracts, is becoming more and more popular. I’ve covered how to buy Ethereum in a previous post but that’s only part of the process.
Today I want to cover 5 different types of Ethereum wallets so you will know where to store your Ethereum. I will go over them from the simplest to the most complex so you can choose the one that is best suited to your knowledge level. If you’re serious about securing your altcoins I suggest storing your Ethereum on a hardware wallet. Personally, I use a TREZOR but all three are excellent choices for maximum security.
The simplest option Coinbase supplies an Ethereum wallet as well as a Bitcoin wallet. The company holds the private key of the wallet for you. This means you’re not in control of your funds and Coinbase can decide to shut down your account if they want to. There were cases in the past that Coinbase shut down user accounts do to illegal activity.
For a simple explanation about ETC vs ETH read this post. The desktop option for increased control Exodus is a Bitcoin and Altcoin desktop wallet with beautiful design and an intuitive interface. I’ve reviewed the wallet in the past and thought it was one of the best I’ve found so far. Like Coinbase, Exodus does not support ETC only ETH. However, unlike Coinbase, Exodus is an independent wallet that stores the private key on your machine and not on any external sever. Exodus allows you to accept Bitcoin, Ethereum, Dash, Dogecoin and Litecoin.