Best Altcoin Wallets
Image: Electrum lightweight wallet supports not only BTC. There are forks for ETH and DASH too.
And right off the obligatory annoying reminder – You must be reading this all the time, but still: Never keep untraded coins on an altcoin exchange and never send coins from one exchange to another. You don’t know what method the exchange uses to send and it is not always clear whether the target exchange supports transactions done in that way.
And as the second thing, quick bottom line for those who don’t want to read:
Your best bets
Everyone’s Favorite: The Ledger Hardware Wallet for bitcoin and altcoins, specifically, the Ledger Nano S. It is not expensive (but come on, you must have earned the fortune of your lifetime in 2017 already) and the code is fully opensource. Buy directly from ledgerwallet.com.
- Supported cryptocurrencies: Bitcoin, Ethereum, Ethereum Classic, Dogecoin, Litecoin, Zcash, Dash, Ripple, Stratis and all ERC20 compliant Ethereum tokens available with myetherwallet.com.
The best desktop+mobile wallet: It is not a secure solution, it is not even a tiny bit cold, but as a quick intermediary destination for transfers between exchanges you’ll find Jaxx.io works just alright.
- Supported cryptocurrencies: BTC, ETH, ETC, DASH, LTC, REP, RSK, ZEC.
Now for the detailed stuff.
Hardware Altcoin Wallets
If you want to hold an altcoin that you think should grow in the future, you should get either wallet as a software or a hardware wallet.
Ledger Wallet for Altcoins
Ledger Wallet used to claim they would not support any altcoins but they added support for several of them in 2017. A Ledger Nano can act as a BTC wallet, an Ethereum wallet, it also stores DASH, ZCASH, Stratis and other altcoins via their companion apps.
There are several HW products that Ledger offers:
1/ Ledger Nano and HW.1 support Bitcoin only.
2/ Ledger Nano S and Ledger Blue natively support:
Bitcoin Ethereum, Ethereum Classic, Dogecoin, Litecoin, Zcash, Dash, Ripple, Stratis.
Some Ethereum tokens can be managed using Ledger Nano S and Ledger Blue with MyEtherWallet: 1ST, ARC, BeerCoin, BCDN, CRB, CryptoCarbon, DAO, DAO_extraBalance, DGD, DGX 1.0, EDG, EMV, GNO, GNT, GUP, HKG, HMQ, ICN, LUN, MIT, MKR, MLN, NxC, PLU, REP, RLC, ROL, ROUND, SNGLS, SWT, TaaS, TIME, TKN, TRST, Unicorn, VSL, WINGS, XAUR.
Trezor wallet for Altcoins
Trezor vs Ledger?
Ledger Wallet used to be taken for the number one choice because the wallet was significantly cheaper than Trezor. However, since Trezor v2 came out with a change in code licensing, Ledger Wallet got even further plus points for being a more open project.
u/stickac: We are in the process of evaluating various licensing options for TREZORv2 source code. You are correct that the current code is published using a shared-source license, but this could change.
There is one thing that only particularly paranoid people consider although it is indeed no fantasy:
- 99% of hardware wallet users never actually read the codebase of their hardware wallet and are not planning to with every upgrade.
- 100% of hardware wallet users haven’t taken the device apart to see what’s in it and if it’s really safe.
Nobody ever will. That’s what people buy hardware wallets: for convenience.
But when everyone starts using hardware wallets, everyone’s coins are in a blackbox - in the same blackbox - the same software, the same hardware, that means possibly also the same vulnerabilities.
This is a fact, and it makes a case for an Electrum wallet (open source and time proven) on a USB stick, used from a computer that runs on Tails or another Linux and is not used for common day to day web browsing and the rest of it.
Electrum for Litecoin
Get it here (official website). It is a regular Electrum wallet, still with the privacy flaw of being able to tell which pool of addresses belong to a single wallet.
Electrum for Dash
Another Electrum flavor is Dash wallet. You can get it from Dash homepage.
The strange case of XMR wallet
There is a whole article on this sad, sad thing! For here just one thing:
MyMonero Web Wallet
This is something that is actually endorsed on the getmonero.com website.
MyMonero is website that will get you a Monero address, sign up pretty much takes one click. You click the one and only button on the landing page and in thenext step it is already showing you your private login key:
Below this you will find your thirteen word “Private Login Key”. Keeping this secure and private is very important, as it is the only way that you will be able to login to your MyMonero account. As we don’t store your private login key on the server there is no way to recover it if it is lost!
The next step is already your web wallet:
Pretty impressive, the drawback is you have to enter your private key at every login. It wouldn’t top a Monero light client, if it existed.
Desktop Multi-Coin Wallets
The best and most popular multicoin wallet these days is Jaxx. It is available as browser extension, desktop app and mobile app - although the choice of supported coins differs.
User-friendliness level is the top of top - you launch the software and wallets are automatically generated for you. To get the private keys you need to run backup. In all versions, the only owner of the private keys is you.
After the recent update to Jaxx 1.2 you get Shapeshift onboard as well.
Supported coins: BTC, ETH, ETC, DASH, LTC, REP, RSK, ZEC
In the future, Jaxx aims to be blockchain-agnostic though.
This is the first launch screen of Jaxx. The very next step will take you directly to your wallets.
If you want to withdraw into your wallet you can simply copy the address it wil give you:
Don’t forget to backup the seed of your Jaxx wallet (under settings on the right hand side) should your computer crash.
If you are looking for an Ethereum wallet Jaxx is probably your best option in 2017 in terms of convenience vs security. Hardware wallets are still far more safe than whatever lives on your unsafe laptop that you use for both altcoin trading and downloading stuff illegally from dodgy websites.
Here is one more option though - Exodus. That’s a desktop wallet that had Shapeshift integration before Jaxx, and currently has a very clear and upfront roadmap as you can see below.
However, if you also want to exchange one altcoin for another without sending your coins to Poloniex you could like Exodus better than Jaxx.
Exodus is a desktop multiwallet that integrates Shapeshift in it so you can do basic spot trading right from the desktop client.
For the time being Exodus only supports BTC, LTC, DASH, ETH and DOGE though. Head over here for the full roadmap, regularly updated
|Asset or Feature||Roadmap Status||Details|
|ERC20 asset support in v1.23.0 (2017-04-14)|
|Excludes InstantX and PrivateSend features.|
|Ethereum ERC20 asset support enables assets such as Augur, Golem, and Iconomi.|
|Golem is the first ERC20 token to be supported by Exodus.|
|Factom||Q2 2017||Factom support entered private beta as of 10th Feb 2017, the public release slated for 31 March 2017 has been delayed until Q2 2017.|
|Decred||2017||Decred is in internal testing see Twitter announcement on 22 Apr 2017 for a screenshot.|
|Monero||2017||Monero remains on the Exodus roadmap and we are excited to include this asset. Unfortunately, the UI/UX of Monero remains difficult and is still not ideal. Today novice users continue have difficulty with transaction notifications from the current beta GUI wallet from the Monero core team. Because Exodus does personal one-on-one support for each Exodus user we feel including Monero too early would cause a massive support burdon and confuse casual digital asset enthusiasts. Good news is we are getting closer and we do expect Monero to be included in 2017. Although pros and technical users may like bleeding edge technology, until Monero is rock solid, tested and “dog-fooded” internally Exodus will not release Monero until it is ready for “normal” (non-technical) digital asset consumers.
Exodus posted an update on Reddit regarding the history and details on XMR integration (Jan 31, 2017).
|ICONOMI||2017||Iconomi is an ERC20 token and expected to be released in 2017|
|DigixDAO||2017||DigixDAO is an ERC20 token and expected to be released in 2017|
|Omni||2017||Likely in 2017. Omni, Maid, Tether all fall in the same body of work for Exodus|
|OMNI TOKEN SUPPORT||2017||Omni token support will enable tokens such as Maid and Tether. Support is planned for 2017.|
|Maidsafe||2017||Maid is an Omni token and expected to be released in 2017.|
|Tether||2017||Tether is an Omni token and expected to be released in 2017. We are most excited about Tether because of the ability to have a stable peg inside of the Exodus environment.|
|HARDWARE WALLET SUPPORT||Planned||The Exodus team is very keen to add hardware wallet support (eg Trezor, KeepKey, Ledger Nano).
I can also tell you that personally JP and I both want hardware wallet support ASAP… We also have heard from a number of high-net worth investors this is the ideal platform with the added hardware auth.
|Ethereum Classic||Under Evaluation||Exodus are undecided on Ethereum Classsic support.|
|Zcash||Under Evaluation||If the Zcash network remains stable and has continual upgrades it is likely we will support this asset in 2017.|
|Storj||Under Evaluation||Storj has announced in Mar 2017 a transition from Counterparty to Ethereum. Exodus supports Ethereum’s ERC20 assets. Storj will be evaluated when this transition is complete.|
|Siacoin||Under Evaluation||Exodus is intrigued with Sia but have not looked the tech to see what the options are.|
|SingularDTV||Under Evaluation||SingularDTV is an ERC20 token.|
|Counterparty||Not on roadmap|
|Lisk||Not on roadmap|
|NEM||Not on roadmap|
|Steem||Not on roadmap|
|Waves||Not on roadmap|
|GameCredits||Not on roadmap|
|NXT||Not on roadmap|
|Synereo||Not on roadmap|
|Ripple||Not on roadmap|
|Stellar||Not on roadmap|
|Bytecoin||Not on roadmap|
|Peercoin||Not on roadmap||Exodus will have more interest in integrating staking protocols once Ethereum moves to proof-of-stake with Casper|
|Blackcoin||Not on roadmap||Exodus will have more interest in integrating staking protocols once Ethereum moves to proof-of-stake with Casper|
Retrieved from woobull.com on May 17 2017.
Web Based Multi-Altcoin Wallets
For altcoin trading you will be best off with a multi-currency wallet. If you want quick solution for Cryptonator. It can hold litecoins, dash, bitcoin and other coins. You will also be able to generate addresses as you go.
Know the risks though: On Cryptonator the private keys are stored by a third party. You should not use Cryptonator as a safe long-term storage.
Given the risks of third-parties your coins are already better off at Bitfinex lending where you at least get paid interest for storing your coins unsafely. Bitfinex allows USD, BTC, ETH, ETC, ZEC, LTC, XMR and DASH as a collateral for margin trading which means you can lend all those mentioned coins.
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