The best EOS wallets put to the test | Review and guide

In this article we have compiled an overview of the best wallets for the cryptocurrency EOS. Our goal is to give you an overview of the currently available EOS wallets. We would also like to show you the special features of creating an EOS Wallet. In particular, we would like to explain how you can set up an EOS account in the form of an address so that you can then import your private key and address into the wallet.

Before we dive into the topic, however, it is very important from our point of view to have a basic understanding of cryptography (the technology behind cryptocurrencies) and wallets. Therefore, we will first give you a short theoretical introduction to the topic. If you are already well informed, you can skip this part of the post.

The basic knowledge of cryptocurrency wallets:

You can imagine a wallet like a virtual wallet. In contrast to traditional wallets, however, in a crypto wallet it is not the coins themselves that are stored, but the access keys for them. The access keys are the so-called “private keys”. Depending on whether they are stored online or offline, all wallets can be divided into two types:

  • cold wallet
  • hot wallet

The distinguishing feature is the connection to the Internet. Cold wallets are the safest way to store cryptocurrencies, as the private keys never come into contact with the Internet. Due to this, hackers have no way to get the access keys to the wallet. In contrast, hot wallets have this point of attack because the private keys are stored on a device that is connected to the Internet.

This serious difference is also the reason why cold wallets are used by large crypto investment companies and cryptocurrency exchanges. In our opinion you should take a role model from this and also rely on a cold wallet solution. Small investors can choose between a paper wallet and a hardware wallet.

Not only cold wallets, but also hot wallets can be divided into three different types. They all have in common that they store the private keys on a medium that is connected to the Internet. The subspecies of hot wallets are:

  • EOS desktop wallets
  • EOS mobile wallets
  • EOS online wallets
What is the Private and public key?
A cryptographic method is used to encrypt data in cryptocurrencies: asymmetric cryptography. This means that a key pair consisting of a private key and a public key is used for encryption.

The private key is a randomly generated string that represents the ownership of the cryptocurrency. The public key is used to generate the public wallet address (is a hash version of the public key). In contrast to the wallet address, the private key is secret and should never be passed on to third parties. If you have the private key, you can access the wallet address and send the corresponding EOS.

Create an EOS Account

If you want to buy EOS (click here to read our guide) and create a wallet, you will come across a peculiarity that will initially be very confusing for many beginners. You have to create an EOS account! While a few wallets have already integrated this step into their software, others do not, which is why external software must be used.

In order to be able to use a Wallet, it is mandatory to set up a chargeable EOS Account in advance..

The “surprising” thing is that new accounts can only be created by someone with an existing account. If you don’t have a friend who has an EOS account, however, there are several websites and tools that can set up an EOS account for you for a fee. In addition, some wallets have already integrated this service to serve as a “friend”.

The best known site is currently: https://eos-account-creator.com/. In the following we want to explain the process to you briefly on the basis of the aforementioned website.

  • Step 1: Select Account Name

Once you have accessed the above website, you will need to specify an account name. An EOS Account Name must be exactly 12 characters long and may only consist of small letters and numbers up to 5. You can either make up your own name and check if it is still available or you can click on “I’m feeling lucky” to automatically generate a name.

Create EOS Account

  • Step 2: Generate Private und public keys

Then you have to generate the Private and public keys for your EOS account. To do so, we recommend the “Simple javascript generator”, which can be seen in the middle part of the website. This generator generates a public key and a corresponding private key. The public key is public for everyone. The private key is your secret. Therefore you must write it down on a piece of paper and keep it safe. You can use the first pair of keys for the “Owner” addresses.

After you have entered the “Owner public key”, you have to use the generator a second time for the “Active” addresses. You can enter the public key again on the website (under “Active public key”). The “Active”-private key is again your secret!

Generate EOS Public Key

The “Active” key is the key you will use for daily operations, such as interaction with dApps or money transfers. This is also the key that you can later enter into a wallet. If this key is compromised, there are “Owner” keys that you can use to restore control over your account and cancel outgoing transfers that have not yet been made, for example. The “owner” key is therefore also very important, since the person who owns it is the actual owner of the account. For both private keys, it is essential that you keep them safe offline.

  • Step 3: Payment of the EOS account

The cost of creating an EOS account on the aforementioned website is currently USD 6.37 for payment by cryptocurrency or USD 8.44 for payment by credit card. Included in the price are 0.2 EOS strokes and 4 KB RAM delegated to your newly created account.

Payment for EOS Account

  • Step 4: Set up an EOS Wallet

In the fourth step you can now download or set up an EOS Wallet. Please note, however, that some wallets have an EOS Account Generator integrated, so you can choose between the generator presented above and that of the wallet. If you have used the EOS Account Creator, you can also import the keys into (almost) any wallet.

The best EOS hardware wallets

Hardware wallets are by far the best option to store cryptocurrencies. They have the highest security standard and are more practical than paper wallets. While the private keys in hot wallets are connected to the Internet, in hardware wallets they are stored exclusively on the device.

Due to the architecture of the hardware wallet operating system, the private key stored in isolation will never have an conntection to the Internet even if an EOS transaction is released. The architecture makes it almost impossible for hackers to gain access to the private key.

In addition, hardware wallets are also very well protected if the device itself is stolen. All hardware wallets presented in the following section have both PIN and 2-factor authentication, making it very difficult to steal the stored EOS from the hardware wallet even in the event of physical theft.

For us hardware wallets are an absolute must-have if you want to invest in EOS or other cryptocurrencies in the long run. In relation to your investment the prices for a hardware wallet are very low. Even our test winner, the Ledger Nano X, is comparatively inexpensive with 120 euros. If this is too expensive for you, you should have a look at the Ledger Nano S, which costs only 60 Euro and offers an unbeatable price/performance ratio.

In the following box we have compiled a summary of the advantages and disadvantages of hardware wallets:

The advantages of EOS hardware wallets:
✅ Highest security standard
✅ Storage of private keys offline
✅ Support for over 1,000 cryptocurrencies
✅ Confirm each transaction by pressing a button
✅ Regular updates
✅ Very good customer support

The disadvantages of hardware wallets are:
Not free of charge
❌ No deposit insurance, as with eToro

The best 3 Hardware Wallets in 2019
Hardware WalletInfoTest
Ledger Nano X kaufen

⚡ OUR test champion: The Ledger Nano X
✅ Manage 100 cryptocurrencies simultaneously
✅ Compatible with more than 1,100 cryptocurrencies
✅ Bluetooth connection for mobile wallet
✅ New flagship of the market leader
⛔ Price: 119,90 € - in the middle range

Testbericht lesen

Read our review

Ledger Nano S kaufen

⚡ Best price/performance ratio: The Ledger Nano S
✅ Very good Price: 59,90 €
✅ Compatible with more than 1,100 cryptocurrencies
✅ Proven quality: more than 1.3 million units already sold
⛔ Manage max. 5 cryptocurrencies simultaneously

Testbericht Ledger Nano S

Read our review

Trezor Model T kaufen

⚡ 3rd place: The Trezor Model T
✅ Over 1,000 cryptocurrencies supported
✅ Proven quality from Trezor
✅ Firmware is not installed on the device until you start it
⛔ In comparison to the Nano X: less features and functions 
⛔ High price: about 180 €

Testbericht Trezor Model T

Read our review

1.Ledger Nano X

The Ledger Nano X is our test winner of 8 hardware wallets we have tested. Of these 8 wallets, however, only three support the EOS cryptocurrency. One of these is the Ledger Nano X, which was launched on the market in May 2019 as the successor to the Ledger Nano S.

Compared to its predecessor, it has some new features. The most striking change is certainly the new Bluetooth function, which allows the Nano X to be paired with a smartphone. Via the Ledger Live App the Nano X can be operated like a mobile Smartphone Wallet.

Furthermore, the Ledger Nano X contains an improved security chip, which should make the hardware wallet even more secure. In addition, the Nano X has a much larger memory than the Nano S, which means that up to 100 apps for cryptocurrencies, security features, etc. can now be installed on the device. The fourth major change is the enlargement of the display, which makes it much easier to check the EOS address before releasing a transaction.

Conclusion: From our point of view there is currently no better hardware wallet than the Ledger Nano X! Ledger sets a new standard in terms of both functionality and operation that can be surpassed.

Supported cryptocurrencies
The Legder Nano X can store the private keys of over 1,100 different cryptocurrencies. In addition, new cryptocurrencies are constantly being added.

An advantage of the Nano X over the Nano S is that up to 100 apps can be installed on the device at the same time and thus up to 100 cryptocurrencies can be managed simultaneously.

Operation
Operation of the Ledger Nano X is very simple and intuitive. This is done using the 2 buttons on the top of the unit. In addition to the hardware, the Ledger Live App is needed to view the performance of your portfolio and to send and receive cryptocurrencies.
Transparency & Fees
The Ledger Software is Open Source and therefore accessible to everyone. However, the code of the operating system is secret.

The fees incurred for a transaction by EOS are transparent or can be adjusted. They correspond to the network charges. Ledger itself does not charge any fees.

Security
Ledger’s technology is considered the industry leader. This applies not only to the private customer segment, but also to the corporate segment. The French company has numerous cooperations, including with Neufund, blockchain.com and Switcheo. In addition, the global Samsung Group announced a 2.6 million USD investment in April 2019.

Although there was initially a big outcry in the crypto community that the Bluetooth feature was not secure, it is not a security hole. Ledger explained that only non-critical data (not the private key and not the recovery seed) is transferred via Bluetooth. Furthermore, a release with the Ledger Nano X is always necessary to send transactions. So you can use the Bluetooth function without hesitation

2.Ledger Nano S

Although the Ledger Nano S got replaced by the Nano X, there are still good reasons to buy the Ledger Nano S. It has been purchased more than 1.3 million times worldwide, which speaks for a very strong and reliable security of the wallet. So far, no cryptocurrencies have been stolen from the Nano S.

The second big plus point of the Nano S is the currently low price of only 59 euros. Who can live without the new functions of the Ledger Nano X and wants to manage only a small number of cryptocurrencies, e.g. only EOS and Bitcoin, gets a hardware wallet whose price/performance ratio is unbeatable.

Supported cryptocurrencies
The Nano S is operated with the same Ledger Live software as the Nano X, so that the software (also for the Nano S) is always further developed. Ledger Live allows the Nano S to manage over 1,100 different cryptocurrencies. Because of the smaller memory only 5 apps can be installed at the same time. This means that users must always install and uninstall the various cryptocurrency apps (the data / account balances will not be lost!) if more than 5 cryptocurrencies (or their private keys) are to be stored on the wallet. If you don’t mind this small effort, the Nano S is the best choice for you.
Operation
The operation of the Ledger Nano S is also very simple and intuitive. This is done via the 2 buttons on the device. Additionally the Ledger Live App is required. The software allows you to send and receive cryptocurrencies and view your portfolio in real time.
Transparency & Fees
The Ledger Live Software is Open Source Software and therefore completely transparent. However, the operating system of the Ledger hardware wallets is a trade secret.

The fees for a transaction (network fees) are transparently listed in the Ledger Live Software. Ledger itself does not charge any fees for using the software.

Security
Ledger’s technologies are industry-leading and are not only implemented in Ledger’s hardware wallets, but are also used by various companies to store the private keys of cryptocurrencies.

3.Trezor Model T

Also in May 2019 SatoshiLabs has presented a new hardware wallet with the Trezor Model T. Just like Ledger, SatoshiLabs has completely redesigned its long-standing success model, the Trezor One, and launched a hardware wallet with numerous new features and improvements.

Compared to the Trezor One, the hardware wallet now supports significantly more cryptocurrencies, which is realized via the new Trezor Bridge software (which is only compatible with the Model T and not the Trezor One). It serves as a “bridge” between the Trezor Hardware wallet and numerous third-party software wallets. In the case of EOS, this is the less well-known Bloks.io Web Wallet. In addition, the Trezor Model T offers the following functions and new features:

  • Touchscreen: The Trezor Model T has received a touch screen for releasing the transactions on the device.
  • Firmware upgrade: The firmware (Trezor Core) has been completely renewed and improved from a security point of view.
  • Faster processor: In addition, the new model has a faster processor, which makes operation even smoother.
  • Micro SD card slot: A Micro SD card slot has also been added that can be used for data encryption.
  • USB-C port: The old port has been replaced by a modern USB-C port.

Conclusion: The Ledger Nano X performs better than the Trezor Model T in a direct price/performance comparison. The Nano X is around 60 euros cheaper and also has more functions. Nevertheless, the Trezor Model T is one of the best hardware wallets on the market. Supporters of the Trezor wallets point out that, unlike Ledger, the code for all components of the Trezor hardware wallets is open source. It thus offers greater transparency.

Supported cryptocurrencies
The Trezor Model T can manage more than 1,000 different cryptocurrencies. It is a pity that not all coins can be sent and received directly with the Trezor Bridge software (currently only 51 cryptocurrencies). The remaining cryptocurrencies must be managed by third-party software, e.g. Bloks.io, MyEtherWallet, etc. You can find a complete list of all coins under this link.
Operation
The Trezor Model T is much higher quality than its predecessor. In addition, the new Trezor Bridge software offers numerous new, useful functions.
Transparency & Fees
The Trezor software and hardware is largely open source and publicly available on GitHub. The code was designed by Trezor with third-party extensibility in mind.

Before sending a transaction, the amount of the transaction fee can be set according to priority. There are no additional fees (other than network fees) for using the Trezor software.

Security
Ledger and Trezor are the best known and most popular manufacturers of hardware wallets worldwide. There is a good reason for this. With the Trezor One, Trezor has the longest experience in the development of hardware wallets.

The best EOS desktop- and mobile wallets

In contrast to hardware wallets, desktop and mobile wallets are hot wallets. These are programs that are installed on a computer or smartphone. After installation, EOS can be sent and received via the software. However, the wallets differ in some respects with regard to their functional scope.

While EOS specific wallets, such as the Greymass or SimplEOS Wallet, offer the advantage that they are fully compatible with the EOS ecosystem and can be used via decentralized applications (dApps) on the EOS blockchain, multi-coin wallets offer numerous other useful functions. Depending on which functions are more important to you, you should choose your wallet.

If one considers the security standard of desktop and mobile wallets and classifies them in a ranking, they can be classified between hardware and web wallets. Compared to web wallets, they have the advantage that the private keys are stored on your own computer and not on an external server. However, they do not offer by far the same security as a hardware wallet.

Desktop as well as mobile wallets are our top recommendation if you are looking for a free wallet for EOS. Below you will find an overview of the advantages and disadvantages:

The advantages of EOS desktop and mobile wallets:
✅ Sole control over the private keys
✅ Use of the EOS dApp ecosystem (via special EOS wallets)
✅ Higher security than with online wallets
✅ Mobile Wallets: access to EOS via smartphone
✅ Multi-join wallets support over 100 cryptocurrencies

The disadvantages of EOS desktop and mobile wallets:
❌ Less security than with a hardware wallet (more vulnerable to hacker attacks)
❌ Responsibility to install regular updates
❌ No deposit insurance, as with eToro

Below you will find our top recommendations for secure and reputable EOS desktop and mobile wallets:

The best EOS desktop- and smartphone wallets (iOS and Android)
  1. SimplEOS wallet (desktop wallet)
  2. Infinito wallet (mobile wallet)
  3. GreyMass EOS Voter wallet (desktop wallet)
  4. Atomic wallet (desktop – and mobile wallet)
  5. Exodus wallet (desktop – and mobile wallet)

1.SimplEOS Wallet

simpleEOS Wallet

The SimplEOS wallet was specially developed for the EOS platform and therefore offers all the functions provided by the EOS.io software. The wallet is developed by EOS Rio, a block producer of EOS, and is recognized as an ‘official’ EOS wallet by the EOS community and other block producers. The wallet only stores the private keys locally. In addition, they can be encrypted with a user-defined password of more than 10 characters. Another advantage is the very clear user interface, which is very easy to use.

The numerous functions of the SimplEOS wallet include:

  • Support of airdrops of the EOS ecosystem
  • Staking for RAM and bandwidth
  • Voting for block producers
  • Using EOS dApps
  • Contact list and transaction history management
  • Creation of multiple accounts
  • Importing the Exodus wallet
  • Integration of the Block Explorer EOS Flare

It is important to know that with the SimplEOS wallet you can also create an EOS account from within the Wallet. However, payment is only possible in EOS, so you must already own EOS on Binance or another cryptocurrency exchange in order to use this function.

Conclusion: SimplEOS supports practically all functions offered by the EOS ecosystem. In this respect, the SimplEOS wallet is clearly aimed at users who not only see EOS as an investment, but also want to participate in the EOS ecosystem. The software can be downloaded for the Windows, Linux and MacOS operating systems from the official website.

Supported cryptocurrencies
The SimplEOS wallet only supports EOS, as well as tokens based on the EOS blockchain.
Operation
Both the installation and the operation are very simple. The wallet is therefore also ideally suited for beginners who want to participate in the EOS ecosystem and use decentralized applications from EOS.
Transparency & Fees
The SimplEOS is an open source wallet. This means that the source code is completely transparent and has been reviewed by the EOS community.

There are no additional costs for the use (after the creation of the EOS account.

Security
The level of security and anonymity of the wallet is very good. The private keys are stored locally on the user’s computer and are not transmitted at any time.

2.Infinito Wallet

Infinito Wallet Cardano

The Infinito is a Multi-Coin-Wallet, which is only available as Smartphone version for iOS and Android and is developed by the Infinity Blockchain Group. The wallet was released in 2017 and has since been used by over a million users worldwide.

Since it is a hierarchically deterministic (HD) wallet, the security of the wallet can be rated as good. A password, touch ID and passphrase are available to protect the wallet. In addition, the private keys are stored locally on the user’s smartphone and not on centralized servers. A further security advantage is that the Infinito wallet has been audited by the IT security company Smart Dec.

The great strength of the wallet, however, are the numerous functions that set it apart from other multi-coin wallets and make it the best mobile EOS wallet:

  • dApp-Browser for EOS: The dApp-Browser “App Square” enables the user not only to keep his cryptocurrencies, but also to use them in decentralized applications (dApps) of EOS, Ethereum, NEO, Ontology and the Binance Chain.
  • Contact management: Frequently used crypto addresses can be stored in a kind of contact management.
  • Touch-ID: Touch-ID can optionally be used to unlock the wallet.
  • Multilingual: English, French, Russian, Korean, Vietnamese, Chinese and Japanese.
  • QR code scanner: Addresses can be imported very easily using the QR scanner.
  • Import and export of private keys: Any private key of all supported cryptocurrencies can be imported and exported.
  • Crypto credit function: Cryptocurrencies can be loaned via the “crypto lending” function in order to earn passive income.
  • Export transaction history: Display and export your own transaction history, filtered by date and cryptocurrency.

Beside these numerous functions there is only one big point of criticism! The Infinito wallet does not offer 2-factor authentication. Furthermore, you should know that the Infinito does not have an integrated EOS Account Generator, so you should use our recommendation, the ‘EOS Account Creator’.

Supported cryptocurrencies
Bitcoin, Ethereum, Stellar, Ethereum Classic, Bitcoin Cash, EOS, Litecoin, Cardano, DASH, NEO, DOGE, Ontology, Binance Coin, TomoChain, sowie alle ERC20 Token, ETC Token, EOS Tokens, NEP-5 Token und BEP-2 Token.
Operation
The wallet is suitable for beginners, to allow an easy introduction without support, as well as for advanced users.
Transparency & Fees
The Infinito wallet is open source and therefore offers complete transparency.

Both the download from the App Store or Google Play Store and the use are completely free of charge. An external service must be used to create the chargeable EOS Account, as this function is not integrated in the Infinito Wallet.

Security
The security of the wallet is good. The only drawback is the missing option for 2-factor authentication.

3.Greymass EOS Voter wallet

Greymass EOS Voter wallet

The GreyMass EOS Voter is a light client and desktop wallet released by Team GreyMass, a block producer of EOS. The wallet was created in the first days of the EOS mainnet because the developers of GreyMass wanted to develop a simple EOS voting tool so that everyone could participate in the EOS Delegated Proof of Stake. In addition to the usual wallet functions, the wallet has the following features:

  • Vote on the block producers: Via the wallet you can directly select a block producer you would like to support.
  • CPU / Bandwidth Staking: You can stack your EOS for either bandwidth or CPU to get rights to use these resources on the network.

The security of the wallet is very good. When using the GreyMass Wallet, all transactions within the application are signed and the private keys are stored locally on the user’s computer and never transferred to third parties. If a local wallet password is specified, it will be encrypted with AES-256 encryption.

A disadvantage of the wallet is that it is designed to be particularly user-friendly. On the one hand the user interface is a bit confusing, on the other hand a download exclusively from GitHub in the form of a zip file is possible. Thus the installation can already be a first obstacle for beginners. In this respect, from our point of view the wallet is aimed more at advanced users who would like to participate in EOS Staking.

The GreyMass wallet is available via this link to GitHub for Windows and Mac: https://github.com/greymass/eos-voter.

Supported cryptocurrencies
The GreyMass EOS Voter wallet only supports EOS.
Operation
Both the installation and the operation are not quite easy. The wallet is aimed at advanced EOS users who wish to participate in staking.
Transparency & Fees
The source code of the GreyMass EOS Voter wallet is open source and therefore completely transparent. There are no additional costs for the use (after the creation of the EOS account.
Security
The level of security and anonymity of the wallet is very good. The private keys are stored locally on the user’s computer and are not transferred at any time.

4.Atomic wallet

Atomic Wallet

If you see EOS as a pure investment, don’t want to use EOS decentralized applications and don’t want to participate in the voting of the EOS block producers, the Atomic wallet could be a very good choice for you. The Atomic wallet is a multi-coin-wallet , which addresses itself above all to users, who want to administer different cryptocurrencies in a Wallet.

With over 300 cryptocurrencies, the Atomic Wallet can meet this requirement perfectly. With the multi-coin-wallets there is hardly a Wallet, which can administer a larger number of different cryptocurrencies.

This is probably one reason why the wallet is so popular in the community. It was released in 2017 by Konstantin Gladych, CEO and co-founder of Changelly.com. Another reason is certainly that the developers have focused their development on three central demands of the crypto industry:

  • Security,
  • Anonymity and
  • Decentralization.

In accordance with these requirements, both the private keys and transaction data are stored in encrypted form on the user’s terminal device. Neither the developers nor other third parties have access to it. The third requirement – decentralisation – is implemented by the fact that the wallet has integrated Atomic swaps.

This enables users to exchange cryptocurrencies directly with each other, peer-to-peer, without the need for a third party to act as an intermediary. For cryptocurrencies that are not yet supported via Atomic Swaps, the Atomic wallet provides the Changelly and ShapeShift services integrated into the Wallet.

In addition, the Atomic wallet has a cooperation with EOS, whereby an EOS account can be created from the wallet, as the following video shows.

The wallet is available on the official website for Windows, Mac, Ubuntu, Debian and Fedora. The mobile versions for iOS and Android are also available from the App Store and Google Play Store.

Supported cryptocurrencies
Currently the Atomic wallet supports over 300 cryptocurrencies, including all known cryptocurrencies and all ERC20 tokens.
Operation
The installation of the wallet is done with a few clicks. At least as easy to use is the user interface, which should be self-explanatory even for absolute beginners.
Transparency & Fees

The Atomic wallet is a community-based product that uses open source libraries, block explorers, and other components. However, in order to ensure the security of the wallet, some of the developments will be kept secret.

There are no fees for using the Atomic wallet other than the cost of setting up the EOS Account. In addition, fees are charged for the additional features (Atomic Swaps, Changelly and ShapeShift.

Security
The wallet does not request any personal data from its users. In addition, all data is transmitted in encrypted form. The control of the Private Keys is the exclusive responsibility of the user, so that nobody else has access. Furthermore, a backup phrase can be created for the recovery case.

5.Exodus wallet

Exodus Wallet

The Exodus wallet is also a Multi-Coin wallet that can manage more than 100 cryptocurrencies and display their value in over 30 different Fiat currencies. The wallet is one of the oldest Multi-Coin wallets on the market and was released in July 2016. The wallet has three main components:

  • the Multi-Coin Wallet,
  • a portfolio tracker (in 30 Fiat currencies)
  • and an integrated exchange service from ShapeShift.

In addition to these functions, the Exodus wallet offers a good basic protection for your EOS. Neither the developers nor other third parties have access to your private keys, as they are stored locally and encrypted on your computer. However, in the crypto community there are also two criticisms of the wallet.

For example, the backup function by e-mail is criticized because sending by e-mail is classified as potentially insecure. On the other hand, the lack of the possibility of two-factor authentication is criticised. Both facts show that the security can be classified as rather mediocre, since attackers only have to hack the password via the e-mail backup and then already have full access to the wallet.

From the point of view of EOS users, there are also three other disadvantages:

  • EOS Airdrops are credited to the account, but cannot (yet) be accessed or managed via the Exodus Wallet. The Airdrop tokens can only be viewed in EOS Block Explorer.
  • Currently, it is not possible to vote for block producers within Exodus. For this you have to use another wallet like GreyMass Voter, SimplEOS or Scatter.
  • It is currently not possible to create multiple accounts within Exodus.

If these are not K.O. criteria for you, you can follow the link, which will take you directly to the official website of the wallet (click here!). The wallet is available as desktop version for Windows, Mac and Linux. Smartphone versions for iOS and Android are also available.

Supported cryptocurrencies
The Exodus wallet supports over 100 cryptocurrencies including Bitcoin, Ethereum, EOS, Litecoin, EOS, Monero, Binance Coin, Tron, Stellar, XRP, Vechain and Monero as well as a variety of ERC20 tokens.
Operation
The wallet is known for its ease of use and intuitive design. A special feature of the wallet is that the portfolio balances can be displayed in over 30 fiat currencies.
Transparency & Fees
Within the crypto community the Exodus wallet has one (further) big criticism: The wallet is not open source. Accordingly, the users of the wallet must trust the developers and rely on the trustworthiness of the developers of the Wallet.

In principle, there are no additional fees for the Exodus Wallet. Only when using the built-in Shapeshift service to exchange cryptocurrencies do variable fees of 2-5 percent apply.

Security
During the initial installation, the users are prompted to create a 12-word recovery seed phrase. In case your computer breaks down, the wallet can be restored. Beyond that no personal data of the users are stored on the servers of Exodus. The private keys and transaction data are encrypted and stored locally on the mobile devices.

The best online wallets for EOS

The great advantage of online wallets is that they can be set up very quickly and used immediately. Unlike the other wallets, no installation or backup is necessary. All users have to do is create an account and usually enter only a small amount of information.

It is important to know that there are two types of online wallets. The better known type are the wallets of the cryptocurrency exchanges. They offer the advantage that the user not only owns a wallet but can also use the trading platform to trade and buy cryptocurrencies. This is probably also the main reason why exchange wallets are among the most popular wallets, although they have some serious disadvantages.

Thus the private keys are stored by the cryptocurrency exchange. As a result, users must be confident that the vendor is storing EOS and other cryptocurrencies securely and protecting them from hacker attacks. The second type are EOS-based specific developments of online wallets. In this category there is currently no recommended wallet from our point of view, after the Scatter web wallet was discontinued and is now only available as a desktop version.

Below we have compiled an overview of all the advantages and disadvantages of online wallets:

The advantages of EOS online wallets:
✅ Access from anywhere in the world where an Internet connection exists
✅ Exchange wallets enable trading out of the Wallet
✅ In the case of exchange wallets, there is no installation work required.
✅ You can define limits for maximum payouts per transaction.
✅ The user interface is often very simple and intuitive.
✅ Often very good customer support

The disadvantages of EOS online wallets:
❌ Lower Security standard as hardware and desktop and smartphone wallets
❌ The management of the private keys is (often) transferred to a third party.
❌ Danger of market hacks
❌ Some web wallet vendors have turned out to be scam in the past

The best EOS online wallets
  1. Binance
  2. eToro

1.Binance wallet

Binance

Binance is one of the best options for an exchange wallet if you want to trade with cryptocurrencies. Binance has earned a very good reputation over the past few years and is therefore very popular in the crypto community. Nevertheless, you should be aware that storing your EOS on Binance is the most insecure storage solution. The Private Keys are owned by Binance and are stored by the exchange on the company servers (or cold storages).

In May 2019, Binance experienced one of the biggest hacks (after Mt. Gox) in Bitcoin’s young history when 7,000 BTCs were stolen when a vulnerability in the Binance API was exploited. Even though Binance took responsibility for the hack, did not pass the loss on to its customers and significantly increased its security measures after the hack, this clearly demonstrates the vulnerability of exchange wallets.

Our tip is therefore that you should only use the Binance wallet as long as you actively trade in cryptocurrencies. For long-term storage, you should transfer EOS to another wallet, preferably a hardware wallet.

If you would like to register an account on Binance, you can do so via this link*.

Supported cryptocurrencies
Over 150 cryptocurrencies: All cryptocurrencies traded at Binance can also be stored via the web wallets.
Operation
The handling of the platform can be a bit complicated and confusing for beginners. In our Binance Review, we explain in detail how you can make full use of the platform.
Transparency & Fees
Use of the Binance wallets is free of charge. Trading fees are charged, as you can read in our Binance Review
Security
Binance is considered one of the safest exchanges in the world. Nevertheless, you should only keep your EOS on the exchange as long as you are actively trading.

2.eToro wallet

eToro Wallet and Exchange

The eToro wallet is not an ordinary exchange wallet because it offers a service that no other wallet has. It includes deposit insurance of up to €20,000 per customer. This can be an important argument, especially for newcomers who are uncertain about choosing the right wallet or broker.

However, this service also has its price. For holding EOS on the eToro wallet you have to pay so-called ‘overnight fees‘, which can add up to higher amounts in the long run, as you can read in our eToro Review. In addition, the eToro wallet has another major disadvantage.

Users cannot withdraw the EOS from eToro and, for example, transfer it to a hardware or desktop wallet. This function is only offered by the mobile eToro Wallet, which only supports Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Stellar and XRP. More coins will follow. Until then, however, the EOS cannot be withdrawn from eToro.

If the advantage of the eToro wallet is more important to you, you can use this link (click here*) to create an account with eToro.

Supported cryptocurrencies
15 cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), Dash (DASH), Ethereum Classic (ETC), Cardano (ADA), MIOTA (IOTA), Stellar Lumens (XLM), EOS (EOS), NEO (NEO), Tron (TRX), ZCash (ZEC), Binance Coin (BNB)
Operation
For beginners as well as advanced traders eToro offers a very clear and intuitive trading platform, with numerous advanced trading options.
Transparency & Fees
As described above, eToro charges fees. These can add up, especially when holding for a longer period of time. You can read in detail in our eToro test report when they occur and how high they are.
Security
The deposit protection per customer of up to USD 20,000 makes the eToro wallet a very secure option. However, you should keep in mind that the Private Keys are managed by eToro.

Below we have summarized the advantages and disadvantages of Web wallets:

Summary

Exchange wallets are very convenient and practical, because you can trade cryptocurrencies without any major detours. However, they have the serious disadvantage that you are not in possession of the Private Keys and exchanges are popular targets for hacker attacks. You should therefore never keep EOS permanently on an exchange such as Binance, Bitfinex, CEX.IO or Bittrex.

Further important information about the EOS wallet test

The information presented was compiled to the best of our knowledge and experience. Therefore, you should gather more information yourself and test different wallets to find the best one for you.

If you have any questions or suggestions about our EOS wallet test, please leave us a comment. We’ll be glad to help you! If you liked this article about the best EOS Wallets, we would appreciate a positive review!

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About Author

Jake Simmons

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

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