Where to store ERC20 Tokens – Best ERC20 tokens wallets

Lizzy Murray

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As Ethereum is the no. 1 blockchain platform for dapps and smart contracts, more and more tokens end up hosted on it. This also means there’s a growing interest in buying ERC20 tokens, and the resulting need for storing them in a secure wallet.

ERC20 tokens are all Ethereum-based tokens following the ERC20 standard protocol. Their value will definitely increase over time, so they’re an excellent long-term investment. For this reason, you’ll also need a reliable wallet to store them in.

Best ERC20 tokens wallets

In today’s guide, we’ll take a look at the best ERC20 tokens wallets and all of them have been analyzed to have some key features no crypto wallet should lack. These include: control over private keys, friendly UI, active development community, support for different platforms, and backup and restore functions.

ERC20 tokens hardware wallets

Before looking at any other wallets to store your crypto assets you should consider hardware wallets. This type of wallet can operate offline and as a result, your funds will be safe from hacker attacks. We recommend them as the most secure solution for storing cryptocurrencies.

Ledger Nano S

Best ERC20 tokens wallets

The Ledger Nano S is probably the most popular cryptocurrency wallet, and we mentioned it quite a few times in our posts.

This wallet’s security includes features such as seed keys, PIN and passphrases. The Ledger Nano S has an enthusiastic development team and provides support for over 20 cryptocurrencies.

The Ledger Nano S also allows you to store any ERC20 tokens on it and the budget-friendly price is unbeatable.

Trezor

best wallets for storing ERC20 tokens

Trezor is another robust hardware wallet that also packs an OLED screen just like the Ledger Nano S. Regarding security features, the wallet doesn’t lack passphrase, PIN code protection, and seed keys to keep your ERC20 tokens safe.

On top of that, Trezor comes with a 12-digit recovery code, and the large touchscreen is super convenient to use.

Best ERC20 tokens desktop wallets

The choice of desktop wallets for ERC20 tokens is somewhat limited but there are still some great options available. Here are some of our favorites:

Parity

top ERC20 tokens wallets

Parity is a well-known Ethereum desktop wallet that also supports ERC20 tokens. Like other similar wallets, Parity includes an Ethereum GUI browser that lets you access dapps.

This is a full node wallet you can use on various platforms such as Windows, Mac OSX, Ubuntu, and Docker. New releases are launched every 6 weeks and we can expect native support for ERC223 Ethereum token sometime in the near future.

Mist

best Ethereum wallets with support for ERC20 tokens

Mist is the official Ethereum wallet developed by the same team that is contributing to the Ethereum network.

This is also a desktop wallet with built-in Shapeshift, which would allow you to exchange your tokens directly from the wallet. The client requires synchronizing with all Ethereum nodes during the initial setup.

Mist offers support for all ERC20 tokens and bundles a multi-signature wallet.

Best ERC20 tokens web wallets

Web wallets are easy to use and you can access them from any Internet-connected device as long as the platform is supported.  If you’re looking for a friendly web wallet where you can safely HODL your ERC20 tokens, check out our top picks below.

MyEtherWallet

MyEtherWallet is an excellent web wallet which we already recommended for storing ETH in our Ethereum wallets post. This is an open-source web wallet with an intuitive UI that stores all the data on your machine, with nothing being transferred to MyEtherWallet’s servers.

It allows you to fully control your private key and the web-based UI allows you to use the ERC20 tokens stored on your Ledger Nano S or Trezor hardware wallet.

MetaMask

MetaMask is a web wallet that’s available as a browser extension, which means you don’t need to install a client on your machine.

It allows you to interact with dapps and smart contracts, and the minimal interface makes using it as convenient as possible. You can use MetaMask to store any ERC20 token and the extension is available for Google Chrome, Mozilla Firefox, and Opera web browsers.

Best ERC20 tokens mobile wallets

It’s always a good idea to be able to access your stored crypto assets while on the go, in which case a mobile wallet is the perfect choice.

Coinomi

Coinomi is a modern mobile wallet that can be used with over 100 blockchains and almost 400 tokens. You control your private keys and security is reinforced with a master password.

It’s worth mentioning you will need to enable the token feature on Coinomi if you want to store ERC20 tokens. Select ‘+TOKENS’ from the app’s overview section, then tap on ‘Ethereum’ and the list of all supported ERC20 tokens will appear. Then, you just need to select your token and click ‘Finish’.

Coinomi is available as Android, and iOS apps, and according to their official website, a desktop client is to be released in the near future.

Trust

Trust is one of the best mobile wallets that experienced a surge in popularity after being acquired by Binance.

Trust offers support for Ethereum, Ethereum-based ERC20 tokens, as well as ERC223 tokens. It stores your private key only on your computer and offers support for more than 30,000 ERC20 tokens such as EOS, BAT, OmiseGO, Augur, Qtum, TenXPay, and others.

Furthermore, Trust also works like a web browser, allowing you to access decentralized applications. You can use the Trust wallet on both Android and iOS devices.