The cryptocurrency industry has a standard called ERC20, as well as a number of tokens that are associated with it. This is a set of rules according to which smart contracts in the Ethereum blockchain are developed. The introduction of this standard allowed to simplify the procedure of creating new cryptocurrencies, as well as their transfer and storage. Developers have eliminated the need to run a separate blockchain, which is an undeniable advantage. An ERC-20 wallet is crucial for managing these tokens, ensuring secure storage and smooth transactions on the Ethereum blockchain. This guide explores the best ERC-20 wallets, their features, and tips for safe usage.
ERC-20 tokens like UNI, AXS, LINK, AAVE, APE, and USDT are widely used in DeFi, gaming, and other innovative crypto projects. Storing these tokens requires ERC-20 compatible wallets to ensure safety, accessibility, and compatibility with Ethereum-based smart contracts.
An ERC-20 wallet is a type of crypto wallet specifically designed to store and manage ERC-20 tokens, which follow a standard protocol on the Ethereum blockchain. This standard defines how tokens interact with wallets and smart contracts, making transactions seamless and efficient.
Whether for participating in token airdrops, ICOs, or storing DeFi tokens, selecting the right wallet is critical to avoid risks like sending tokens to the wrong address or losing access due to inadequate backup options.
Popular currencies with the ERC-20 standard include the following:
These tokens are used in various crypto projects as an internal currency, as well as performing a number of other functions. They are held on specialized services designed to retain and conduct transactions.
This article is for informational and introductory purposes only. We do not urge readers to invest their personal funds in risky assets, but only describe existing opportunities.
You can choose a wallet for ERC20 tokens from the top popular and reliable services for holding digital currencies. The best options that provide the necessary level of protection and support for ERC20 tokens include the following:
We'll explore these choices in more detail below.
MetaMask is one of the most popular ERC-20 compatible wallets, offering a simple and secure way to manage Ethereum-based assets directly from a browser or a mobile device. It functions as both a crypto wallet and a gateway to decentralized applications (DApps), allowing users to swap, stake, and manage tokens without leaving the interface.
The extension connects with platforms like Uniswap, OpenSea, and Compound, making DeFi easily accessible. In MetaMask, private keys are encrypted and stored locally on the user’s device, so that only the owner has access.
It supports custom networks and tokens, allowing users to explore various Ethereum-compatible chains, including Polygon and BNB Smart Chain. Users can also import or export wallets via seed phrases and hardware integrations with devices like Trezor or Ledger.
Overall, MetaMask is characterized by simplicity, flexibility, and DeFi connectivity, which is great for both newcomers and advanced crypto users.
Trust Wallet is a versatile mobile application designed to manage ERC-20 tokens and a lot of other cryptocurrencies. Owned by Binance, it is one of the most downloaded multi-chain wallets on the market.
Its main strength lies in its accessibility — it’s free, open-source, and available for both Android and iOS devices. The wallet provides users with full control of their private keys, stored only on their devices, ensuring maximum autonomy and safety.
Trust Wallet supports over 70 blockchains and 10 million assets, including NFTs, It is most suitable for users who seek an all-in-one solution for DeFi, staking, and trading.
It also has a built-in Web3 browser that allows direct access to decentralized exchanges and blockchain-based games. With simple backup and recovery features, biometric authentication, and multi-token support, it is one of the best ERC-20 wallets for mobile users.
MyEtherWallet, also known as MEW, is a popular Ethereum wallet platform that operates through the web. It allows users to generate wallets, send ERC-20 tokens, and interact with smart contracts without relying on third-party custodians.
MEW is an open-source and non-custodial wallet, meaning that users retain complete ownership of their private keys. One of its biggest advantages is hardware wallet compatibility: MEW works well with Trezor and Ledger devices, offering cold storage for the tokens.
Users can also connect via the MEW mobile app for portfolio tracking, swapping tokens, and accessing DeFi protocols. For experienced users, MEW offers custom gas settings and advanced transaction management, , making it a top choice as a wallet for ERC-20 tokens.
Exodus is a beginner-friendly desktop and mobile wallet that supports ERC-20 tokens and many other digital assets. It is great for users who prefer a visually intuitive interface, providing quick access to portfolio tracking, crypto swaps, and live charts.
Unlike many other wallets, Exodus doesn’t require account registration; all private keys are encrypted and stored locally, ensuring privacy and control.
Exodus also offers built-in integration with hardware wallets like Trezor for cold storage security. It also provides an in-app exchange feature powered by third-party APIs, allowing users to instantly trade ERC-20 tokens without leaving the wallet. Exodus is the best ERC-20 wallet for those who value simplicity and reliability.
Trezor is a hardware wallet that provides the highest level of protection for ERC-20 tokens and other cryptocurrencies. Developed by SatoshiLabs, it was the world’s first hardware wallet, designed to store private keys offline and protect users from hacks, phishing, or malware attacks.
The device connects to computers or smartphones via USB and comes with a built-in OLED screen that allows users to verify transactions physically. Trezor wallets are PIN- and passphrase-protected, with recovery options through a seed phrase in case of loss or damage. Trezor users can manage ERC-20 tokens, interact with DeFi apps, and perform swaps directly within the wallet.
It supports over 1,000 coins and tokens and integrates with popular wallets like MetaMask and MyEtherWallet. For years, Trezor remained one of the most trusted choices for long-term crypto storage.
| Wallet | Platforms | Blockchains Supported | Key Features |
|---|---|---|---|
| MetaMask | Web, browser extension, mobile. | Ethereum, ERC-20 tokens. | Easy-to-use, DApp integration, secure seed phrase, widely adopted. |
| Trust Wallet | Mobile (iOS, Android) | Ethereum, Binance Smart Chain, ERC-20 tokens. | Mobile-friendly, multi-token support, multiple security layers. |
| MyEtherWallet | Web, desktop. | Ethereum, ERC-20 tokens. | Hardware wallet compatibility, frequent small transactions, secure. |
| Exodus | Desktop, mobile. | Ethereum, ERC-20 tokens, other major coins. | User-friendly, simple interface, light blockchain sync. |
| Trezor | Hardware (USB). | Ethereum, ERC-20 tokens, multiple chains. | Offline storage, PIN & passphrase protection, onboard display, very secure. |
When you need to choose a wallet that is compatible with ERC20, you can do so based on the recommended criteria. These include certain points such as:
Security is paramount, especially for long-term storage or large holdings. Choosing the best ERC-20 wallets ensures both safety and seamless interaction with Ethereum tokens.
In crypto space, securing your wallet for ERC-20 tokens is your sole responsibility. To prevent loss or theft, make sure to follow these guidelines:
Backup your recovery phrase which consists of 12 or 24 words. It is best to write the phrase down on paper and store it in a secured place. Don’t write it in an online doc or notes, or take pictures of it, as these locations can be hacked.
Use a strong password for your wallet that combines a variety of letters, numbers, and symbols. Avoid using personal information like a date of birth or passwords used elsewhere.
Enable two-factor authentication (2FA) for extra protection. In that case, even if someone gains access to your password, they cannot log in without the second factor.
Keep software updated to ensure you have the latest security patches.
Be wary of phishing attempts and double-check URLs when accessing web wallets. Don’t click on suspicious links from emails or social media messages.
Use cold storage for significant token holdings so that your private keys remain offline, thus inaccessible to bad actors.
Don't skip these basic steps to secure your ERC-20 wallet against theft, hacking, and accidental loss.
We discussed what an ERC20 wallet is and reviewed some of the best services for holding digital currency based on this standard. For small amounts and small transactions you can use any wallets with the Ethereum network support. Most importantly, you need to understand how to get an ERC20 wallet address to get your funds to the right place.
Those who mine their cryptocurrency using ASIC can download custom firmware that will help increase the profitability of mining without the need to upgrade the equipment itself.
ERC-20 tokens can be used as a currency within decentralized applications, token sales or airdrops, staking for rewards, paying transaction fees, as well as assets or voting rights tokens in blockchain governance systems.
To create an ERC-20 wallet, choose a platform (e.g., MetaMask or Trust Wallet), follow the setup instructions, and securely store your recovery seed phrase.
Yes, most ERC-20 wallets support multiple cryptocurrencies, especially those on the Ethereum blockchain.
Hardware wallets like Trezor are considered among the best ERC-20 wallets in terms of safety due to their offline storage capabilities.
An ERC-20 wallet address is a unique identifier used to send and receive ERC-20 tokens on the Ethereum blockchain.
Use the recovery seed phrase provided during wallet setup. Keep it secure to avoid losing access.
Yes, wallets like MetaMask are designed for seamless DApp integration, enabling easy interaction with Ethereum blockchain projects.
ERC-20 wallets are specifically designed to support Ethereum-based tokens, while general crypto wallets may support multiple blockchain protocols.
