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Best EOS wallets

Best wallets for holding EOS

We review 5 of the best EOS wallets to help you safely store your EOS tokens.

Designed as a scalable and user-friendly version of Ethereum, EOS is a platform for the development of decentralised applications (dapps). EOS tokens (EOS) are the native token of the platform, and this cryptocurrency is firmly established as one of the 20 biggest digital currencies by market cap.

If you’re thinking of buying EOS, you’ll need to find a wallet that supports ERC20 tokens and provides easy, convenient storage. There are several options to choose from, so let’s take a closer look at five of the best wallets and the key features they have to offer. Please note that when the EOS mainnet is released in June 2018, EOS will swap to a different network, meaning new requirements for storage. Please check back closer to the date for an update on available wallets.

Learn more Where to buy EOS

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Compare wallets for EOS

Name Product Wallet type Supported Cryptocurrencies
Securely store some of the world's most popular cryptocurrencies on the Ledger Nano S hardware wallet.
TREZOR hardware wallet is a secure way to keep your cryptocurrency safe from hackers and malware.
Desktop Client
A relatively new wallet on the market, Jaxx offers multi-platform support for seven different cryptocurrency assets.
ETH, ETC, EOS & ETH20 tokens
MyEtherWallet (MEW) is a free, open source tool for creating wallets that work with the Ethereum platform.
Desktop Client
Founded in July 2016, this free desktop wallet offers support for multiple cryptocurrencies including live chart tracking features.

Compare up to 4 providers

What to look for in an EOS wallet

To ensure that you find a safe and secure EOS wallet, remember to look for the following features:

  • EOS support. EOS is an ERC20 token on the Ethereum blockchain, so you’ll need to use a wallet that supports these types of tokens. However, take note that following the full release of the EOS platform in 2018, these tokens will move to the EOS blockchain.
  • Security features. Ensuring the security of your EOS tokens is hugely important. Check what features a wallet offers to protect your funds against hacking and theft, such as two-factor authentication, advanced encryption and more.
  • Private keys. You need your private keys to be able to send and receive funds using your cryptocurrency balance, so look for a wallet that allows you to retain control of your private keys at all times.
  • Continued development. Make sure that any wallet you choose is continually being upgraded and developed with new features and improvements. This will help ensure that it’s as functional as possible and provides protection against the latest security threats.
  • Customer support. Will you be able to quickly get in touch with the wallet provider’s support team if you ever experience any problems? Does the team promptly (and helpfully) respond to customer queries?
  • Positive reviews. Finally, check out independent reviews from other users of a wallet. Would they recommend it to others? Is it backed by a strong development team? Does it have any security flaws?

Considering these issues will help you narrow the field down to a selection of suitable wallets. Now let’s take a look at some of the best wallets for storing EOS tokens.

5 EOS-compatible wallets

Ledger Nano S (hardware wallet)

  • High level of security, supports a wide range of coins and tokens, simple set-up and practical for everyday use
  • It doesn’t come free
Ledger Nano S
Hardware wallets provide high-level security for crypto coins and tokens, allowing you to store your EOS tokens in an isolated offline environment. The Ledger Nano S is one of the leading hardware wallets on the market at the moment, providing support for a wide range of cryptocurrencies and several important security features.

Unlike desktop and web wallets, it doesn’t come free, so you’ll need to pay €79 (around AUD$125 at time of writing) to order one of these devices. However, it’s simple to connect to your computer via USB and set up your wallet to start managing your ERC20 tokens.

Read our full review of the Ledger Nano S wallet

Compatible with the MyEtherWallet web interface, the Nano S features an OLED display and buttons you’ll need to physically press in order to verify a transaction.

Your device is locked by a secure PIN code and support for two-factor authentication is also included. As well as EOS, you can use your Nano S to hold bitcoin, Bitcoin Cash, Litecoin, Ethereum and a number of other popular cryptocurrencies.

TREZOR (hardware wallet)

  • High level of security, supports multiple cryptocurrencies, secure and easy to use
  • Cost

If you’re keen to store your EOS in a hardware wallet, it’s also worth taking a closer look at the TREZOR USB wallet. Another popular cold storage option, this device allows you to store EOS, bitcoin, Ethereum and a wide range of ERC20 tokens, and you can use the TREZOR’s compatibility with MyEtherWallet to manage your EOS tokens.

Just like the Nano S, this hardware wallet features a built-in screen and manual buttons for confirming transactions. It also includes two-factor authentication and advanced cryptography to provide a high level of protection for your crypto funds.

Read our full review of the TREZOR wallet here

The set-up process is reasonably simple and straightforward, and it doesn’t take long to understand how everything works.

The downside of this option is once again the cost. At €89 (around AUD$140 at time of writing), it’s slightly more expensive than the Nano S, so do your research before deciding which wallet is the right choice for you.

Jaxx (desktop and mobile wallet)

  • Easy to use, convenience of access across multiple devices, support for multiple cryptocurrencies
  • Some security drawbacks
  • Not compatible with the EOS token sale
Jaxx wallet
Jaxx is another wallet designed to suit cryptocurrency beginners looking to store multiple cryptocurrencies. With a focus on user experience, Jaxx offers a simple user interface and the flexibility of being accessible from the following platforms:

  • Windows, Mac and Linux operating systems
  • Android and iOS smartphones and tablets
  • Chrome browser extension

Another big bonus is the fact that Jaxx supports more than 50 coins and tokens, including EOS, bitcoin, Ethereum, Bitcoin Cash (BCH) and Litecoin (LTC).

Importantly for EOS users, Jaxx provides detailed instructions on how to register your ERC20 EOS tokens for the change to the EOS mainnet in June.

It also offers ShapeShift integration so that you can quickly and easily exchange one cryptocurrency for another. A 12-word “masterseed” is used to manage your private keys, so backing up this masterseed is essential if you need to recover your wallet.

However, Jaxx doesn’t support two-factor authentication, and it’s also worth pointing out that the wallet made headlines in June 2017 due to the reported theft of US$400,000 of customer funds.

Read more in our review of Jaxx

Storing EOS in an exchange wallet

If you’ve just purchased EOS, you may be considering storing your tokens on an exchange. For short-term storage, such as if you’re planning to place a trade, this is an option worth thinking about.

However, for long-term storage, exchange wallets aren’t recommended for two key reasons:

  • They’re regularly targeted by hackers.
  • They usually don’t allow you to retain full control of your private keys.

As a result, storing your tokens on a cryptocurrency exchange exposes them to security risks, so many crypto users recommend transferring your holdings off the exchange and into a secure wallet elsewhere.

Which exchanges list EOS? Find out in our guide.

MyEtherWallet (web wallet)

  • You retain control of your private keys, simple set-up process
  • Not the prettiest user interface, some security concerns

While it’s classified as a web wallet, MyEtherWallet offers a key advantage over ordinary online wallets – it allows you to retain full control of your private keys. This open-source wallet stores keys on the user’s computer, acts as an interface that allows you to access the blockchain, and is a popular choice for anyone looking to store ERC20 tokens.

There’s no personal information required to create a wallet, allowing you to maintain anonymity, while integration with hardware wallets like the Ledger Nano S and TREZOR provides increased security.

It’s quick to create a wallet and start sending and receiving payments, although the interface may seem a little intimidating and confusing to anyone who’s new to cryptocurrency. Some users have also reported being targeted by phishing attacks, so remember to use common sense safety precautions if you choose this wallet.
Find out more in our review of MyEtherWallet

Exodus (desktop wallet)

  • Impressive user interface, simple to set up and use, support for multiple cryptocurrencies, 24/7 support
  • Not as secure as a hardware wallet
  • Not compatible with the EOS token sale
Exodus wallet
If you’re looking for an EOS wallet designed to be as user-friendly as possible, the Exodus desktop wallet might be right at the top of your shopping list. This free software wallet boasts one of the most aesthetic, easiest-to-understand interfaces you’ll find anywhere, along with a host of useful features to provide easy day-to-day management of your crypto coins and tokens.

The use of live charts allows you to quickly and easily track the value of your portfolio, while all the features you’d expect from your wallet are easy to find and use.

ShapeShift integration is a convenient addition to enable fast cryptocurrency exchanges, while private keys and transaction data are encrypted and stored on your computer.

Better yet, Exodus provides instructions on how to register your ERC20 EOS tokens for the EOS mainnet release in June.

As well as EOS, Exodus allows you to store bitcoin (BTC), Ethereum (ETH), Dash (DASH) and more than 30 other cryptocurrencies. Best of all, it’s backed by 24/7 customer support.

Of course, it’s simply never going to offer the same level of security as a hardware wallet, and the lack of two-factor authentication is a drawback. It’s also worth pointing out that as Exodus was launched in July 2016, it’s still a relatively new company that hasn’t yet built the same top-level reputation as some other providers.

Read more about Exodus in our full review

Tips for securely storing your EOS

Want to keep your EOS or any other crypto coins and tokens as safe as possible? Remember these important tips:

  • Research before you transfer. Before transferring your EOS tokens to any wallet, make sure you thoroughly research the pros and cons of the wallet to make sure it’s right for you. Also be careful to only use wallets from reputable providers.
  • Watch out for scams. Hackers and thieves sometimes target crypto holders using fake websites with very similar URLs to those of official, reputable wallets. Double-check URLs before visiting sites and downloading any software.
  • Test it first. If you’re using a new wallet, you may wish to transfer a small amount of cryptocurrency into it first to make sure it’s safe, legitimate and works as promised. Once you’re happy with its functionality you can then transfer a larger balance over.
  • Secure your wallet. While it might take a little time to set them all up, make an effort to use all the available security features your wallet provides. There’s no such thing as too much protection, so switch all available protective measures on before storing any funds.
  • Update your antivirus protection. Make sure you’ve got the latest antivirus protection installed on any device you’ll be using to access your wallet. Update it regularly to protect against new threats.
  • Pick your password carefully. When choosing a password, don’t just phone it in; use upper and lower case letters, numbers and other characters to create a code that’s essentially impossible to crack.

Check out our comprehensive guide to choosing a crypto wallet

Images: Shutterstock

At the time of writing, the author holds IOTA and XLM.

Tim Falk

A freelance writer with a passion for the written word, Tim loves helping Australians find the right home loans and savings accounts. When he's not chained to a computer, Tim can usually be found exploring the great outdoors.

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