Ever since Ethereum was introduced to the world back in 2015, the macroeconomics of the fintech world has been revolutionized for the better.
Part of the reason behind the meteoric rise to popularity for Ethereum lies in the fact that it is not just a currency that is defined by its utility of storing value or serving as a medium of exchange, but the fact that Ethereum is also an application development platform.
Thousands of applications are run on the Ethereum network as decentralized applications (dApps), many of which have their own tokenized economy. On average, there have been at least 55 new dApps created every month between April 2015 to 2019.
Correspondingly, the number of Ethereum based tokens has also been rising in recent years. Since not only dApps, but even startups and pre-existing companies have started tokenizing real-world assets, leading to an increasingly diverse range of both utility and security tokens based on Ethereum.
All this is great for the crypto-industry, but it leaves the average user confused about how to safely store this increasingly wide variety of digital assets on their device.
To help make your life a little easier, we will take a look at the top 3 exclusive Ethereum wallets for Android, comparing their features to help you discover a new wallet that suits your needs.
MEWconnect is the official companion app to Myetherwallet.com — which is a client-side tool that lets users access, store and manage their assets.
MEWconnect was launched in January 2019 as a part of Myetherwallet’s launch of the new MEWV5 interface for the website, and in this short time, the app has already amassed an impressive 50,000 downloads on the App Store.
MEWconnect boasts the same security features that its IOS and website based counterpart does. With features like client-side encryption, dual-sided transaction verification, 2FA verified checkpoints, and a recovery system that supports phrases of multiple lengths, ensuring users are always in control of their funds.
- Hardware wallet level security with locally stored and isolated vaults for funds.
- Decentralized and open source, collecting no personal data.
- Checksummed formatted addresses for ease of use.
Wall§eth is an open source Ethereum wallet that falls within the category of libre software or free software. It is developed by Marcus Ligi and is written in Kotlin — a general purpose and open source programming language.
Kotlin is a safer and more secure alternative for JVM and Android, making WallETH inherently safer than most other non-native Android wallets, the bulk of which are built on Java.
WallETH is a light client, meaning it does not need to download the entire network data for it to be a functional wallet. However, it does allow importing of JSON UTC keystore files, which is deemed to be a fairly insecure method of accessing the wallet. Beyond its already impressive security, WallETH also allows you to connect to Trezor hardware wallets, allowing for truly secure ETH storage.
- Compatible with all major Ethereum Hardware wallets, including the Trezor Model One.
- Support for offline transactions and watch-only accounts.
- Interoperable with MyEtherWallet.
HB Wallet is perhaps the most decked out, fully featured exclusive Ethereum wallet out there. In addition to being a wallet, it is also a dApp browser with inbuilt chat feature, which allows HB Wallet users to establish their own private or public communities.
It was launched in July 2017 by Bacoor Inc., a blockchain technology company headquartered from Malaysia with branches all over Asia. Bacoor inc. is also the creator of the HB Infinity token, which can be purchased directly on the HB decentralized exchange (DEX) within the wallet. This token is used for reducing transaction fees, and DEX trading fees.
HB Wallet makes use of Wrapped Ether (WETH), instead of ETH directly, when swapping between one token to another on the Ethereum Blockchain. Additionally, with its clean UI, regional currency converter and market watcher features, HB Wallet is quickly becoming a community favorite and is certainly worth a look.
- Internal DEX to support direct token exchanges with WETH.
- Inbuilt dApp browser and community channels.
- Highly secure, featuring PIN lock and fingerprint login options.
|Wallet Name||ERC 223 Support||ERC 721 Support||Pin Lock||JSON UTC Key Import||Review Score|
|HB Wallet||YES||NO||YES||NO||4.6 Stars|
Do you want something more secure than an Android wallet to store your Ethereum? See our guide to the top 3 Ethereum hardware wallets — with state-of-the-art security features!
Image credits: MEWConnect, WallETH, HB Wallet