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Designed as a scalable and user-friendly version of Ethereum, EOS is a platform for the development of decentralized applications (dapps). EOS coins (EOS) are the native token of the platform, and this cryptocurrency is firmly established as one of the 10 biggest digital currencies by market cap.
If you’re planning on buying any EOS, you’ll need to find a safe and secure wallet where you can store your coins. There are several options to choose from, so let’s take a closer look at the best wallets and the key features they have to offer.
To ensure that you find a safe and secure EOS wallet, remember to look for the following features:
Considering these issues will help you narrow the field down to a selection of suitable wallets. Now let’s take a look at some of the best wallets for storing EOS coins.
Since the full release of the EOS platform in June 2018, EOS is no longer an ERC20 token on the Ethereum blockchain. If you’re choosing a wallet to store your EOS tokens, ERC20-compatibility is no longer relevant criteria to consider.
With Touch ID support, Infinito Wallet offers fast and convenient access to your cryptos without sacrificing security. This multilingual app will also support 12 languages by the end of Q3 2018 and offers an intuitive interface that novice users should be able to understand quickly. Your private keys remain on your device, and your passphrase and private keys are fully encrypted.
Developed by EOS Rio, an EOS Block Producer candidate based in Rio de Janeiro, SimplEOS is a wallet made for the sole purpose of interacting with the EOS ecosystem. It’s completely integrated with all features of the EOS.IO software and is compatible with Windows, Mac and Linux operating systems.
Once downloaded, SimplEOS makes it easy to send, receive and store EOS coins. It offers multiple accounts support, is compatible with EOS airdrops and includes a voting portal.
When you use Scatter, all your important data is stored on your device. When Scatter does send any data to a blockchain, it’s only transmitted as a “hashed fingerprint,” which is an irreversible jumble of characters and numbers.
Scatter currently supports the EOS and Ethereum blockchains, but more will be added in the future. While the setup process is easy, newcomers to blockchain and digital currency might find it a little difficult to wrap their head around. A desktop version is also in the works but was in the beta phase at the time of this writing (July 2018).
The last wallet on our list is this desktop offering from block production firm Greymass.
Greymass eos-voter supports full interaction with the EOS blockchain in the form of smart contracts. Available for Windows, Mac and Linux operating systems, it lets you transfer and store EOS coins, vote for Block Producers and stake your EOS as either Bandwidth or CPU. All transactions are signed within the app, which means your private key is never transmitted, and there’s a temporary usage option if you’d rather not store your keys within the application.
If you’ve just purchased EOS, you may be considering storing your tokens on an exchange. For short-term storage, such as if you’re planning to place a trade, this is an option worth thinking about.
However, for long-term storage, exchange wallets aren’t recommended for two key reasons:
As a result, storing your tokens on a cryptocurrency exchange exposes them to security risks, so many crypto users recommend transferring your holdings off the exchange and into a secure wallet elsewhere.
Want to keep your EOS or any other crypto coins and tokens as safe as possible? Remember these important tips:
Check out our comprehensive guide to choosing a crypto wallet
At the time of this writing, the author holds ADA and ICX.
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