The Ethereum blockchain supports a large number of ERC20-compliant tokens and smart contracts, so you need to be very diligent and careful when choosing a wallet to store ERC20 tokens.

ERC20 tokens are only used on the Ethereum platform. The term ERC20 stands for “Ethereum Request for Comment,” and 20 is a unique ID number that distinguishes this token standard from other tokens. ERC20 tokens follow a set of rules and regulations on the Ethereum platform. ERC20-compliant tokens or smart contracts bring certain benefits to their users. There are very few wallets that support ERC20 token development, which makes it difficult to choose the best ERC20 wallet for you.

The Ethereum blockchain supports a large number of ERC20-compliant tokens and smart contracts, so you need to be very diligent and careful when choosing a wallet to store ERC20 tokens.

Key points to remember when choosing an ERC20 wallet:

• The wallet should support ERC20 tokens.

• Control the private key of the wallet.

• The user interface should be simple and easy to use.

• Check out the safety features.

• A backup team is available 24/7 in case any issues arise.

• An active community platform for further wallet development.

List of best ERC20 wallets:

The list of best ERC20 wallets includes hardware wallets, web wallets, and mobile wallets for storing Ethereum ERC20 tokens. Now let’s take a look at some of the best ERC20 wallets for Ethereum tokens:

Cornerstone Wallet:

If security and control of your crypto assets is a priority for you, then the Keystone hardware wallet should be at the top of your list. This stylish device allows you to store private keys for over 5,000 cryptocurrencies (including ERC20 tokens) offline on a separate secure chip. Since it does not require an internet connection, the risk of hacking is eliminated. With this wallet, you have complete control over your private keys, ensuring complete control over your funds.

Designed to cater to both beginners and experienced users, the wallet offers an easy-to-use interface and step-by-step setup process that makes getting started simple. Advanced users will appreciate features such as plausible deniability, coercion PINs, and the Shamir secret-sharing algorithm for key sharing. To send or receive funds, you simply connect your Keystone wallet to a web wallet or exchange and enter your PIN. The device immediately signs the transaction and returns you to your online wallet. Additionally, for enhanced security, all data on the device is deleted after each session.

Whether you’re interested in investing in popular coins like Bitcoin or Ethereum or exploring new projects, Keystone Wallet provides a secure place to store all your valuable digital assets. This hardware wallet costs less than $200 and offers bank-grade security and an intuitive user experience.

Ledger Nano S/Ledger Nano X:

The Ledger Nano S is a hardware wallet that easily plugs into any USB port. It supports multiple coins and tokens. You can use this button to view and check all your transactions and the balance in your wallet. It is backed by a strong support team and is constantly under development, with more currencies to be included in the future. The security features of the Ledger Nano are quite strong. It is protected by a password, PIN, and seed key, making it one of the most popular and secure wallets on the ERC20 platform. Buy Ledger Nano S Wallet

The Ledger Nano X is an upgraded version of the Nano S wallet, adding some extra features. It has a USB Type-C port instead of a micro USB connection slot. It comes with Bluetooth for easy connection with your mobile devices. There are also subtle changes to the physical buttons available on the device.

My Ethereum wallet:

MyEther Wallet is an open-source web wallet with a user interface that is very easy to use. It is completely safe as it is an offline wallet and no user’s personal information or data is stored in its servers. Users have full control over their private keys, so it is very secure. MEW is a hot wallet, so it is recommended not to store large amounts of funds in this wallet. However, it can be used with the Ledger Nano S, in which case it is completely safe and allows for the storage of larger amounts of funds. MyEther wallet can also be used to store coins on Trezor and Ledger Nano via its web browser.

Metamask:

MetaMask is a web wallet that is completely free to use. MetaMask browser allows you to store, send and manage your ERC20 development tokens. Users have full control over the wallet’s private keys. Users can smoothly switch between their web browser and the Ethereum network. Users can also securely access DApps and smart contracts through the wallet.

Trust wallet:

Trust is a mobile wallet. It also supports ERC20 tokens and ERC223 tokens. Users here don’t need to worry about security as all their private keys are stored locally. It supports multiple tokens such as Ethereum, Ethereum Classic, EOS, Callisto, Otum, BAT, Augur and other ERC20 tokens. Trust has also partnered with the Kyber network, allowing it to trade with other exchanges.

Visit: ERC20 Token Development service

Lumi Wallet:

Launched in 2017, Lumi Wallet is an easy-to-use cryptocurrency wallet suitable for both new and experienced users. Lumi Wallet is a layered deterministic wallet that uses a 12-word master seed key. The wallet is available on the web as well as on mobile platforms supporting Android and iOS. Lumi Wallet is a multi-currency wallet that supports Bitcoin, Ethereum, Bitcoin Cash, EOS and ERC20 tokens. Users can exchange tokens within the Lumi wallet as it has the Changelly exchange built-in.

Coinbase Wallet:

Coinbase is one of the most secure cryptocurrency wallets for storing ERC20 tokens. It securely stores all your digital collectibles and assets. Your private keys are protected with biometric authentication capabilities. The wallet allows you to buy or sell your crypto assets through other exchanges in the cryptocurrency market.

Mist:

Mist is often considered the official wallet of Ethereum, as it is supported and developed by developers of the Ethereum blockchain. Mist is a desktop wallet that has built-in Shape-Shift trading functionality, allowing users to easily swap tokens from the wallet. It is one of the most secure wallets with the added multi-signature feature.

Guarda Wallet:

Guarda is a multi-currency non-custodial wallet that provides support for Ethereum and Ethereum-based tokens. ERC20 token storage is available on multiple platforms — web, desktop, Chrome extension and mobile devices (iOS and Android). Because Guarda is a custodial-free service, users have full control over their funds — private keys are never shared with any third parties. In addition to providing secure and cross-platform ERC20 token management, Guarda also allows users to exchange tokens through the built-in exchange service and even create their own ERC20 through an add-on service (Guarda Token Generator).

The default ERC20 token list is located in the “Tokens” section of the Ethereum wallet. Some of the key features of the ERC20 token wallet on Guarda include:

• Secure Backup Cryptocurrency and Custody-Free Storage Policy

• Built-in purchasing and redemption services

• Widely supported cryptocurrencies

• Cross-platform operation — all wallets can be easily synced between available versions

• Currency-specific features for supported coins

• Ledger Nano S integrated

Atom wallet:

Atom wallet is a desktop wallet. It is by far one of the best wallets as it supports all ERC20 token generator. Users have full control over their private keys and seeds as they are stored on the device itself and are not shared across the browser or server. Users are still advised to store their seed password securely for future use. Atomic Wallet is also available for Android phones. The iOS version coming soon. Another unique feature of the Atomic wallet is that it has its official coin called AWC.