Compare Ethereum Online Wallets

The best Ethereum wallets online.

Online wallets can be accessed anywhere, making trading and storing your ether simple. Find the best Ethereum wallet for you using our reviews.

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What should I look for in an cryptocurrency online wallet?

Before signing up for a wallet, you'll want to make sure you know the security and backup features offered by the provider. Online wallets are a good option for holding smaller amounts of ether, especially if you want to trade them on an exchange, but make sure you're covered if the provider gets hacked or shuts down.

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The biggest online ETH wallet providers.


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£2
BTC
ETH
LTC
BCH
  • Secure vault storage
  • Digital currencies covered by insurance
  • Manage your assets using a mobile app
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£2
BTC
ETH
NEM
DASH
  • Supports multiple cryptocurrencies
  • Easy to use and manage
  • Highly secure
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-
BTC
ETH
LTC
XRP
  • Integrated with exchange and card
  • Can spend cryptocurrency in real world
  • Holds lots of crypto and fiat currencies
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-
BTC
ETH
LTC
XRP
DASH
BCH
KMD
MIOTA
  • Easy and convenient
  • Many different cryptocurrencies
  • Can both buy and sell coins
These are highly volatile investment products. Your capital is at risk.

Finding the top Ethereum online wallet in 2018.


What is an online Ethereum wallet?

Commonly known as an Ethereum web wallet, an online Ethereum wallet is a wallet you sign up for an access through your browser. The advantage of this type of wallet is that you can access it anywhere that you can go online, and with any device (smartphone, tablet or PC). This makes it ideal for day traders or those who use ether to make payments regularly. However, this wallet is more vulnerable to hacks since the private key is stored online in an encrypted form by the provider.

How do online Ethereum wallets work?

Signing up for an online wallet is simple: you just need to choose your preferred provider, create an account by following the prompts and use a username and password of your choosing to access it. Sending or receiving ether (Ethereum’s cryptocurrency) is easy. You will need your wallet address for receiving ether, and the receiver’s address if you’re looking to transfer Ethereum to someone else. On a technical level, your keys are stored on a server owned by the company you create your wallet with, meaning that they are responsible for their security.

So they’re like online banking?

Correct. Just like you access your online banking account, you simply need to enter your password and username on an online wallet to access your ether. Once you are logged in, you can view your transaction history, account balance, and make or receive transactions.

What other types of wallet are there?

There are four main alternative types of Ethereum wallets that you can consider. Here’s a summary of the differences between them:

  • Mobile wallet. This is similar to an online wallet, only that it’s stored on a native mobile phone application. Examples for mobile wallets include Jaxx, BRD, and Abra.
  • Desktop wallet. This is effectively a wallet that you can download and install on your PC. It stores the private key on your computer, giving you control of your funds and their security. Examples of good desktop wallets include Exodus, Mist, and Electrum.
  • Hardware wallet. This is an electronic device that’s specifically built to hold ether. It stores your private key completely offline, guaranteeing the maximum protection of your coins from online attacks. Some of the most widely-known manufacturers of these wallets include KeepKey, Trezor, and Ledger.
  • Paper wallet. This is basically a piece of paper with both the private and public keys of ether addresses printed on it. Just like the hardware wallet, it keeps the ether completely offline, making it a great choice for those looking to hold their coins for long-term. Some of the best places that allow you to create a paper wallet include ETHAdress and WalletGenerator.

Are online Ethereum wallets free?

Yes, they are absolutely free to sign up to. Just choose your preferred wallet, create an account, and you can start using the wallet instantly.

Are there additional fees with online Ethereum wallets?

Yes, but they’re not usually charged by the wallet provider themselves. When sending ether between addresses, you will be charged a small fee called ‘gas’ which is used to pay miners to verify transactions. These rates vary depending on a mixture of factors, such as how busy the network is, and the priority of your transaction (some wallets allow you to pay more to incentivize miners to prioritise verifying your transaction), but typically they’re very low, often an amount of ether worth less than £1.

What are the best online Ethereum wallet providers?

There are many different options when it comes to online wallets. Here are some of the best:

Blockchain

One of the most common online wallets, Blockchain allows you to hold multiple cryptocurrencies (Bitcoin, Bitcoin Cash, and Ethereum), and lets you exchange between the coins for a small fee.

StrongCoin

Launched in 2011, this web wallet is one of the oldest out there. They employ a security feature they call ‘hybrid wallet’, which effectively means they encrypt your private keys on your browser before saving the encrypted version on their servers.

Coinbase

This is also a popular wallet because it is coupled with the brokerage, allowing you to purchase Ethereum, Bitcoin, Bitcoin Cash, and Litecoin directly on its platform. It has a friendly user interface perfect for beginners.

MetaMask

This is simply a Chrome browser extension that allows you to interact with the Ethereum Blockchain and store your ether. It doesn’t require login to access it and the private keys are stored in Chrome instead of a server.

MyEtherwallet

Released in 2015, MyEtherwallet is an open-source tool that allows you to create your wallet that works with the Ethereum blockchain. The private keys are stored on your computer and not by the provider. This allows it to eliminate the vulnerabilities that come with keeping digital assets online.

Binance

Binance is an exchange with an integrated web wallet, just like Coinbase. It allows you to hold your ether and other altcoins all in one place, and exchange them between one another.

Bittrex

Like Binance, this is an exchange too with an integrated wallet. It allows you to store ether and hundreds of other coins as well as trade them.

Gatehub

This wallet is attached to the Gatehub exchange, operates just like the Bittrex and Binance exchanges.

Can online wallets hold multiple cryptocurrencies?

Definitely. Online wallets can often hold a variety of different cryptocurrencies. Some online wallets such as Coinbase and Blockchain support the storage of top coins like Bitcoin, Ethereum, BitcoinCash, and Litecoin, whilst others such as Gatehub and Bittrex support the storage of hundreds of coins.

So online Ethereum wallets can be connected to exchanges?

Yes, but it actually works the other way around. Most exchanges have their own online wallets that can be used in conjunction with their own exchange features. However, it’s not possible to pair existing online wallets with exchanges unless it is their own proprietary wallet.

Can I backup an online Ethereum wallet?

Yes, but it depends on your online wallet provider. Considering that a web wallet is similar to an online account, each provider will have its own security features that allow you to gain access to your wallet in case you forget your password. For example, a wallet provider such as Coinbase allows you to reset your password, whereby you receive an email with a link to help you reset your password.

Others such as Blockchain lets you set up a 12-word recovery phrase (also known as recovery seed), which you can use in future if you forget your wallet details. MyEtherWallet, on the other hand, requests you to safely save a file containing details of your wallet to allow you to access your account in an event that your computer defaults.

How to set up an online Ethereum Wallet

To set up an online Ethereum wallet, the process is very like signing up for any online service. Each provider will be slightly different, but these are the general steps:

  1. Select the online wallet provider you want to use.
  2. Go to the website and click ‘sign up’ or ‘register’.
  3. Fill in your details (usually this will be your first name, last name, and email address) and agree to the terms and conditions.
  4. Set up your password. Sometimes you do this on the registration page, and sometimes it’s through a link in your confirmation email. Make sure you set your own secure password as it is what will protect your bitcoin wallet.
  5. (Optional): Download the mobile app offered by the wallet provider so you can access your coins on the move.
  6. Set up any additional security features offered by your web wallet provider (e.g. a recovery seed).
  7. Transfer ether into your wallet using the wallet address.

What are the risks of using an online Ethereum wallet?

Compared to mobile, desktop, hardware and paper wallets, online wallets are the least secure. This is because the private keys are stored on the providers’ servers, meaning that you don’t have much control over their security. If the wallet provider is hacked or closes down, it is highly likely you will lose your coins. It’s advisable to use online wallets only when trading or when you need to store coins to make transactions back and forth quickly. If you have a sizeable amount, consider more secure options such as hardware and paper wallets.

And what are the advantages?

Convenience is the biggest advantage of web-based wallets. For example, if you were a day trader, you’d be better off with a wallet that you can access quickly and easily. Furthermore, online wallets are also user-friendly, allowing beginners to get into the cryptocurrency space without much hassle. Additionally, online wallets that are often integrated with exchanges are a plus as you can trade between multiple coins without having to keep transferring funds into and out of an exchange.

Should I use an online Ethereum wallet?

Well, yes, you should if you are looking for quick access to your Ethereum, either for trading purposes or making payments. Otherwise, consider other safer options such as hard wallet for safer storage of a large amount of coins.

How do I find the best online Ethereum wallet?

You can find them right here. We have reviewed the most reliable and reliable online wallet options for you so you can narrow down what the best online wallet for you is.

Should I use use an online wallet to store my ether?


Advantages

  • You can access your wallet anywhere
  • It's easy to exchange your ether fast if it's value starts to change
  • You don't have to download software
  • They're free to use

Drawbacks

  • It's not recommended if you wish to store large amounts of ether
  • They're hosted on remote servers
  • You face the risk of the provider closing down

Frequent questions.


Are online wallets supported by all browsers?

Yes. Almost all web wallets are compatible with all major browsers, including Opera, Internet Explorer, Mozilla Firefox, and Google Chrome. Some might need you to use the latest browser updates, so make sure to keep yours up to date.

How is an online wallet with a mobile app different to a mobile wallet?

The major difference between an online wallet with an app and mobile wallets is where the details of the wallets are stored. An online wallet with an app is just an extension that allows you to access your web wallet through your phone and enjoy all its features, but the private keys are still stored on the provider’s server. On the other hand, a mobile wallet stores your private key on the memory of your mobile phone, giving you complete control of your ether’s security.

What if I forget my password?

This depends on your online wallet provider’s recovery options. Wallets such as Strongcoin, MyEtherWallet, and Blockchain don’t store your password but will allow you to set up a recovery seed to help you regain access to your account in the future if you forget your details. Online wallets such as Coinbase and Binance have the option of resetting your password to help you restore your account.

What if the company hosting my wallet goes out of business?

This depends. If you had the details of your wallet, such as the public and private key addresses, you will be able to access your funds on another device. However, if you don’t have such details, you will likely have lost your funds.

What is an Ethereum wallet?

Also referred to as an Ethereum digital wallet, an Ethereum wallet is a program or software where ether is stored. The wallets come in many forms, each providing unique features. There are web-based wallets, mobile wallets, and offline based wallets such as paper and hardware wallets.

Why are they called wallets?

Because, just like regular wallets, the purpose of an Ethereum wallet is to store your money. However, an Ethereum wallet does this by recording the movement of ether in and out of itself on a publicly displayed ledger (the blockchain). The wallet facilitates receiving and sending of ether and gives you ownership of your ethereum balance. Although they function similar to a banking app, wallets are not only online; there are options such as hardware and paper wallets that store your ether offline.

How fast are transactions between Ethereum wallets?

Transactions between Ethereum wallets are executed instantly, but the verification process might take a bit of time. Depending on network traffic, the transaction could take 2 hours to process, but they usually complete within a few minutes time. The expediency of transactions on the Ethereum network is one of the reasons why Ethereum is popular, as transaction speeds on the Bitcoin blockchain are usually longer.

What are private and public keys?

Also referred to as a wallet address, a public key is essentially your account number (to use a banking example). You need it to make payments to another wallet. And as the name suggests, the key is viewable publicly and can be obtainable by anyone. A private key, on the other hand, is like a PIN number: it is the password required to access your funds and transfer ether out of a wallet. This key should be kept confidential (in cases where you are using paper or desktop wallets) as anyone with access to it can access your coins and transfer them.

Can I have more than one wallet at a time?

Absolutely. You can register as many wallets as you want to. You can have any type of wallet, from an online wallet, to a mobile wallet, to a hardware wallet, to a paper wallet. Further, multiple wallets might allow you to transact more anonymously. Wallets might also help you fit different purposes, such as being able to use funds on an online wallet for trading, or keeping funds in a hardware wallet for long term storage. Moreover, it can be a good idea to spread your ether across multiple wallets depending on your needs. For example, if you want to trade your ether regularly you can keep your funds on an online or mobile wallet, and you can use a hardware or paper wallet to store your other funds offline long term.

Can I transfer from my Ethereum wallet to my bank account?

No, it’s not possible. You see, Ethereum wallets hold ether rather than regular (fiat) currency held by bank accounts, so you cannot transfer directly between them. What you can do is sell your ether on a platform such as Coinbase and transfer the money into your bank account. Services like Wirex are making this process easier by offering users Ethereum debit cards that are linked to a fiat currency and Ethereum account.

On a technical level, how do transactions work?

Think of internet banking. An Ethereum wallet comprises of a public and private key, which correspond to an account number and private PIN respectively. To access your own funds or ether, you will need the private key. However, when sending ether to another address, all that is necessary is the account number of another person, like when you send funds to a friend for the first time. When the transaction goes through, all that will be visible on the blockchain is both the incoming and outgoing wallet’s public addresses. Ultimately, funds will be deducted from your wallet address.

What is a deterministic wallet?

This is effectively a wallet that can generate multiple different keys from a single ‘seed’ for the purpose of backing up your wallet to recover funds at a later date, so long as you have the recovery passphrase saved. These wallets also carry additional strong security features, making general storage of ether less of a worry.

Do I need a wallet to mine Ethereum?

Yes. In order to receive your block rewards and transaction fees generated through mining, you will need to have a wallet. A cloud mining account may have an integrated wallet where your coins will be sent to, but eventually you will need to have your own wallet to transfer your funds into.

What connection do Ethereum wallets have to the blockchain?

The blockchain is simply a technology behind Ethereum transactions, recording the movement of coins. If you make a transfer from your wallet to another, the blockchain will show the transaction between the two wallet addresses, but not anything relating to the identity of the wallet owners.

Do I have to pay tax on the ether in my wallet?

In the UK, if you earn profits from trading with ether, you are technically required to declare it as a taxable profit under capital gains, so long as you make a profit above £11,700. Otherwise, profits are tax free. However, if you are located within another country, you should look at your local legislation as the tax status of cryptocurrencies might be different.

Are transactions between wallets irreversible?

Yes. You can’t possibly reverse a transaction after it’s initiated on the Ethereum network. If you’re making a payment using ether, make 100% sure you’re sending it to the right wallet address.

Can wallets be hacked?

Ethereum wallets cannot be ‘hacked’ in the sense of forceful entry into the wallet. The private keys, which allow transfer of coins, are impossible to guess because they comprise of a long tail code, unlike regular passwords. What hackers try to do is acquire your private key/password and target exchanges to try and acquire user’s details. Always make sure you’re using a reputable exchange with solid security features to keep your online funds safe. If you have stored your private keys offline, you do not have to worry at all.

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