[Ethereum] the recommended way to safely store Ether


There are several options for storing Ether :



In short there are a lot of options.
So my question is is there an official recommended way of securely storing Ether?

If the answer is 'Multi-signature' how should this be backed up (both files & printing the wallet address on paper) and how should the accounts which control the wallet be created and backed up.

Best Answer

There is no "official" when it comes to crypto. It definitely depends on your desire for security, how much you are going to be holding, what you plan on doing with the ETH or tokens stored there, and more.

I recommend that people use whatever tool they can understand best and use with confidence. I do NOT believe that recommending someone who has never used command line to use geth. There's too much room for error and it deters people from investing and getting involved.

Regardless of what tool you use to create an account/wallet, you should always safely store all of the necessary information in multiple places. Multiple places means multiple physical locations. If your house burns down, that computer and piece of paper are both gone. Read the instructions. Ask questions.

Here is a list of trusted wallets I've put together.

Last Updated: April 2019


Hardware Wallets

Desktop Applications

  • MyCrypto — also has a web version with support via Ledger, Trezor, Safe-T Mini, MetaMask, Parity Signer.

  • Exodus: Desktop, multi-asset wallet with ShapeShift integration


  • imToken - iOS, Android. Longest running mobile solution for Ethereum. Dominates in Asia, tons of features, for some reason just hasn't quite breached the western market completely.

  • Trust Wallet - iOS + Android, dApp browser

  • WallETH - Android, Open Source

  • Parity Signer - Turns your old phone into a hardware wallet / transaction signer. Super safe. Can use with MyCrypto

  • Ambo - iOS

No Longer Maintained

  • Mist Ethereum Wallet: GUI, Official, Full Node, App, Supports ETH, Generic Token Interface, Generic Contract Interface

  • Eth (c++ implementation): Command Line, Official

  • Icebox: by christianlundkvist @ ConsenSys, Primarily for Cold Storage, Downloaded, Open-Source

  • EthAddress.org: by ryepdx, GUI, Client-Side, Website, Can be Downloaded, Open-Source

  • ethereumwallet.com: By Kryptokit, GUI, Website, no longer under development (see Jaxx)

  • EtherLi: Multi-sig Ethereum Web Wallet, GUI, Website, online

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