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Provider
Type
Hardware Wallet Compatibility
Security
Our Score
Hardware
YES
Very Secure
Hardware
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Very Secure
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For anyone using the Ethereum network, having the best ERC-20 wallet to store your crypto is pretty much a must. These tokens power everything from DeFi apps to stablecoins and are supported by a wide range of wallets.

Some of you might wonder: "What is an ERC-20 wallet?" Basically, it’s the wallet that supports these Ethereum-based tokens and lets you use them across different platforms and services.

I’ve taken a close look at some of the top wallets available, including trusted hardware options from Ledger and Trezor that are known for their strong security features. Here are the wallets I’ve reviewed:

With that being said, let's explore what makes these wallets so compelling!

1. Ledger Stax - The Premium Touchscreen Wallet

Ranks #1 out of 8 Crypto Wallets

Ledger Stax is a premium hardware wallet that stands out for its sleek design and impressive user experience. It features a large, curved E Ink touchscreen that makes transaction signing easy to read and lets you personalize the lock screen with your favorite NFTs.

ERC-20 token support is seamless through the Ledger Live app. Just install the Ethereum app on both Ledger Live and your device to manage your tokens securely. Want to buy an ERC-20 token easily? You can. With the companion app's buy and sell feature, getting and cashing out crypto couldn't be easier.

Best ERC20 wallet: Ledger Stax description on its landing page.

On the security side, Ledger Stax uses a CC EAL6+ certified Secure Element and runs on Ledger’s custom BOLOS operating system. With PIN protection and a recovery phrase, it checks all the boxes for safe ERC-20 storage.

It does come with a higher price tag, but for those who want top-tier design, usability, and security, Ledger Stax is easily one of the best ERC-20 wallets out there.

Want to know more about how Ledger Stax can safeguard your crypto funds? Check out this Mission to build knowledge and get the chance to win various prizes by accumulating Bits!

Key Features

As one of the best ERC-20 wallets, Ledger Stax comes with a set of useful features to help you store and manage your funds efficiently. Here are some of them:

  • Seamless ERC-20 Token Support. Ledger Stax works flawlessly with the Ledger Live app, allowing users to securely manage a wide range of ERC-20 tokens by simply installing the Ethereum app.
  • Curved E Ink Touchscreen Display. Its innovative curved E Ink display offers a clear, user-friendly interface for signing transactions and navigating your wallet.
  • Wireless Charging and Bluetooth Connectivity. Ledger Stax supports wireless charging and Bluetooth, giving users a more flexible and cable-free experience.
  • Top-Tier Security Architecture. Built with a CC EAL6+ certified Secure Element and Ledger’s proprietary BOLOS operating system, it provides robust protection for your assets.
  • Personalized NFT Lock Screen. You can customize the lock screen with your favorite NFTs, blending security with a touch of personal style.

So, if you always dreamed of having a secure crypto wallet with a stylish and intuitive touch screen, I'd say Ledger Stax is the best wallet for ERC-20 tokens.

👉🏻 Visit Ledger Stax
...or read our Ledger Stax review

2. Ledger Flex - Ledger’s Most Portable and Flexible Cold Wallet

Ranks #2 out of 8 Crypto Wallets

Ledger Flex is a lightweight hardware wallet that still delivers where it matters, making it a strong contender for the best ERC-20 wallet out there. It supports thousands of assets, including major ERC-20 tokens like ETH, SHIB, and AAVE, through the Ledger Live app. Since it uses the same companion app as other Ledger devices, you can buy and sell tokens easily via the software.

Best ERC20 wallet: Ledger Flex description on its landing page.

Designed for portability, it features a smaller E Ink touchscreen and Bluetooth support for easy mobile access. While it doesn’t offer wireless charging, it’s more affordable and still built around the CC EAL6+ certified Secure Element for top-notch security.

Additionally, you can opt for additional features like Ledger Recover to give you more peace of mind in case the unexpected happens.

📚 Read More: What is Ledger Recover?

Its compact design and user-friendly interface make it a strong option for users who want secure ERC-20 storage with touchscreen convenience. However, it’s worth noting that some Android users have reported occasional Bluetooth issues, and the plastic back cover might feel less premium compared to its higher-end sibling.

Key Features

Looking to learn what Ledger Flex has to offer at a glance? I got you! Here are five of the wallet's key features that make it the best wallet for ERC-20 tokens:

  • Extensive Token Support. Ledger Flex, in conjunction with the Ledger Live app, allows users to securely manage and view a vast array of ERC-20 tokens.
  • Secure E Ink Touchscreen. It features a 2.84-inch E Ink touchscreen that offers a clear and intuitive user experience for reviewing and signing transactions directly on the device, significantly enhancing security by ensuring "what you see is what you sign".

Best ERC20 wallet: Ledger Flex main features on its landing page.

  • Secure Element Chip. The Ledger Flex is equipped with a CC EAL6+ certified Secure Element chip, the highest level of security for this type of device, ensuring that your private keys are isolated and protected from online threats.
  • Multi-Device Connectivity. It offers versatile connectivity options, including Bluetooth 5.2 and USB-C, allowing users to seamlessly connect and manage their crypto assets from iOS, Android smartphones, or desktop computers.
  • Customizable Lock Screen and NFT Display. The E Ink screen allows for a customizable always-on lock screen, enabling users to display their favorite NFTs or images, adding a personal touch to their secure hardware wallet.

With a wide range of features and robust security measures, I think Ledger Flex is certainly one of the best ERC-20 token wallets. But if a touch screen is not in your crypto wallet checklist, you can always opt for the tried and true Ledger Nano X, which still offers excellent security and plenty of features.

👉🏻 Visit Ledger Flex
...or read our Ledger Flex review

3. Trezor Safe 5 - Advanced Wallet with Biometric Security

Ranks #3 out of 8 Crypto Wallets

Trezor Safe 5 is Trezor’s latest flagship wallet, combining strong security features with a smooth user experience. It fully supports ERC-20 tokens via the Trezor Suite app, making it a reliable choice for users managing Ethereum-based assets.

The wallet includes a vibrant color touchscreen with haptic feedback, so it is easier to verify and approve transactions. Under the hood, it features an NDA-free, EAL 6+ certified Secure Element and open-source firmware, meaning anyone can audit the code, adding an extra layer of trust.

Best ERC20 wallet: Trezor Safe 5 illustration on its landing page.

One standout feature is the support for Shamir Backup, which gives users a more secure and flexible recovery option than traditional seed phrases. While it’s priced higher than the Safe 3, you get a more responsive interface and advanced security tools in return.

However, the screen can sometimes lag, and it doesn’t natively support Solana SPL tokens, something to keep in mind if you're juggling multiple blockchain ecosystems.

Learn more about Trezor Safe 5 by tackling this BitDegree Mission. Earn Bits as you acquire new knowledge about the crypto industry!

Key Features

Does the Trezor Safe 5 fit all the checklist for your best ERC-20 token wallet? Check out its core features to make a more educated decision:

  • Broad ERC-20 Token Support. The Trezor Safe 5, when used with Trezor Suite or compatible third-party wallets, can securely manage thousands of crypto assets, including native support for all ERC-20 tokens on the Ethereum network and tokens on other EVM-compatible chains like Binance Smart Chain and Polygon.
  • Vibrant Color Touchscreen with Haptic Feedback. It boasts a 1.54-inch color touchscreen with haptic feedback, making on-device interactions like confirming transactions and navigating menus more intuitive and providing a tactile experience.
  • Secure Element Chip. The Trezor Safe 5 incorporates a CC EAL6+ certified Secure Element chip, which significantly strengthens its defense against both online and offline attacks by securely protecting sensitive information like your PIN.
  • Advanced Multi-Share Backup Option. Beyond standard 12 or 24-word backups, it offers an enhanced 20-word wallet backup standard that allows for a seamless transition to an Advanced Multi-share Backup, providing greater redundancy and security for your recovery phrase.
  • Robust Open-Source Design. True to Trezor's philosophy, the Safe 5 maintains an open-source design, allowing the community to inspect and verify its code, fostering transparency and continuous security improvements.

What do you think? Do you agree that the Trezor Safe 5 can be considered one of the best wallets for ERC-20 tokens?

👉🏻 Visit Trezor Safe 5
...or read our Trezor Safe 5 review

wallet-compare.compareCryptoExchangesSideBySide

Did you know?

Compare Crypto Wallets Side by Side With Others

All Crypto wallets may look similar to you but they're NOT all the same!

Yes! Show me the Comparison Chart

4. KeepKey - Budget-Friendly Hardware Wallet with a Large Display

Ranks #4 out of 8 Crypto Wallets

KeepKey is a minimalist hardware wallet that’s all about keeping your crypto safe, ERC-20 tokens included. It works with the ShapeShift platform to give users access to Ethereum and thousands of ERC-20 tokens, making it a strong option for the best ERC-20 token wallet with a security-first approach.

You can’t buy or sell tokens directly from the device itself, but when paired with the ShapeShift app, you can easily trade ERC-20 tokens without giving up custody. It’s also a great introduction for those wondering how to get an ERC-20 wallet that combines cold storage with simple token management, especially with a limited budget.

Best ERC20 wallet: KeepKey hardware wallet product page.

The wallet features a large display, physical confirmation button, and support for PIN protection, giving you peace of mind when securing your assets. It may not have the touchscreen flair of newer wallets, but for those focused on long-term ERC-20 storage, KeepKey remains a reliable and affordable choice.

Key Features

Interested in using KeepKey as your ERC-20 wallet? Here are five standout features that make it worth a closer look:

  • ERC-20 Token Compatibility. KeepKey supports Ethereum and a wide range of ERC-20 tokens, making it a secure choice for users looking to store, manage, or trade assets within the Ethereum ecosystem.
  • Integration with ShapeShift. When paired with the ShapeShift platform, KeepKey allows you to trade crypto directly from your wallet, without giving up control of your private keys.
  • Large, Easy-to-Read Display. Its big screen makes it easier to verify transactions and addresses, which is especially helpful for users who prioritize clarity and safety.
  • Minimalist Design. KeepKey focuses on straightforward functionality, with a clean design and a single physical button for transaction confirmation.
  • Cold Storage Security. As a hardware wallet, it keeps your private keys offline, protecting your ERC-20 assets from online threats and potential hacks.

KeepKey may not have all the bells and whistles of pricier models, but for reliable ERC-20 storage and peace of mind, it does the job well.

👉🏻 Visit KeepKey
...or read our KeepKey review

5. Trezor Safe 3 - Affordable Security with Open-Source Transparency

Ranks #5 out of 8 Crypto Wallets

Trezor Safe 3 is a budget-friendly hardware wallet that delivers strong security without the premium price tag. It's a great entry point for users looking to store their tokens safely, thanks to full support via the Trezor Suite app. This app also lets you buy various ERC-20 tokens like USDT, USDC, and WBTC directly without going to an exchange platform.

The wallet features a compact design with a monochromatic OLED screen and two-button navigation. While it lacks a touchscreen, the interface is functional and familiar to many crypto users. It includes an EAL6+ certified Secure Element for secure private key storage and supports PIN protection, passphrases, and even Shamir Backup for added recovery options.

Best ERC20 wallet: Trezor Safe 3 illustration on its landing page.

One of the biggest selling points of the Safe 3 is its affordability. It offers many of the same core security features at a much lower price. This makes it ideal for users who want peace of mind without overspending.

However, it does have some trade-offs: the screen is basic and can be prone to scratches, and the two-button interface might feel outdated if you're used to touchscreens.

📚 Read More: Best Hardware Crypto Wallets

Key Features

If you’re considering the Trezor Safe 3 as your go-to ERC-20 wallet, here are five standout features that make it a reliable and affordable option:

  • ERC-20 Token Support via Trezor Suite. Manage Ethereum and a wide range of ERC-20 tokens with ease through the Trezor Suite desktop and browser app.
  • Secure Element (EAL6+ Certified). The built-in Secure Element ensures your private keys stay protected, even if the device itself is compromised.

Best ERC20 wallet: key features of the Trezor Safe 3 wallet on its landing page.

  • Open-Source Firmware. Trezor’s transparent approach allows the community to audit the firmware, adding an extra layer of trust and accountability.
  • Shamir Backup Support. Instead of a single recovery phrase, you can split your backup into multiple shares for better protection against loss.
  • Compact, Budget-Friendly Design. The minimalist design, combined with a lower price point, makes it an ideal choice for newcomers or users seeking a no-frills hardware wallet.

Whether you're storing ERC-20 tokens or a broader crypto portfolio, the Trezor Safe 3 delivers essential features and security without stretching your budget.

👉🏻 Visit Trezor Safe 3
...or read our Trezor Safe 3 review

6. MetaMask - The World’s Most Widely Used Web3 Wallet

Ranks #6 out of 8 Crypto Wallets

If you're into ERC-20 tokens, MetaMask is basically the OG. It’s been the go-to wallet for Ethereum users for years, and it’s not slowing down. What makes it great? Simplicity, flexibility, and massive ecosystem support.

MetaMask lets you manage your ERC-20 tokens with ease, whether you're swapping coins, minting NFTs, or diving into DeFi. It supports custom tokens and networks, which means you’re never locked into one ecosystem. And yes, it works great on mobile, making it a strong contender for the best ERC-20 wallet for Android.

Best ERC20 wallet: MetaMask main features on its homepage.

What really sets it apart is how widely it’s accepted. From Uniswap to OpenSea, if a dApp exists, chances are it supports MetaMask. Plus, you’re always in control – your keys, your crypto.

So, no matter if you're a beginner just buying your first stablecoin or a DeFi veteran yield farming across chains, MetaMask is the kind of tool that grows with you.

📚 Read More: The Power of Crypto Self-Custody

Key Features

There’s a high chance that you’ve heard of MetaMask, but are you familiar with its core offerings? Let’s take a look at five key features that make this wallet a favorite among Ethereum users:

  • Strong ERC-20 Token Support. MetaMask was built with Ethereum in mind, so managing ERC-20 tokens like UNI, LINK, USDC, and DAI is seamless.
  • Easy dApp Integration. MetaMask connects instantly to thousands of Ethereum-based dApps, allowing you to access DeFi protocols, NFT platforms, and blockchain games with just a few clicks.
  • Cross-Platform Access. It’s available as a browser extension and a mobile app, so you can manage your assets whether you're at your desk or on the go.
  • Built-In Token Swaps. Swap tokens directly within the wallet using aggregated liquidity sources, which helps you get the best rates without using an external exchange.
  • Custom Network & Token Support. Advanced users can easily add custom tokens or connect to networks like Arbitrum, Optimism, and more – great for exploring beyond the Ethereum Mainnet.

I think MetaMask is still one of the most powerful ERC-20 wallets out there, especially if you value flexibility, decentralization, and access to everything the Ethereum ecosystem has to offer.

Do you know that you can connect your MetaMask wallet to the BitDegree platform? Create an account now, tackle Missions, and get the chance to earn various crypto rewards!

👉🏻 Visit MetaMask
...or read our MetaMask review

7. Binance Web3 Wallet - Integrated Gateway to DeFi and dApps

Ranks #7 out of 8 Crypto Wallets

Binance Web3 Wallet is a solid choice for anyone deep into the Ethereum ecosystem. Built right into the Binance app, it gives you easy access to thousands of ERC-20 tokens without needing to juggle multiple platforms. It’s also one of the best ERC-20 wallets for Android and iOS devices, thanks to its seamless integration and mobile-first design.

Best ERC20 wallet: the CTA banner on Binance Web3 Wallet's landing page.

You can swap, stake, and bridge ERC-20 tokens directly from the wallet, all while keeping control of your private keys. The wallet also connects to a wide range of dApps, which makes managing DeFi positions or NFT collections feel smooth and intuitive.

While it's non-custodial, Binance adds an extra layer of security with MPC (multi-party computation) technology. That way, your assets stay safe – even if your phone isn’t. If you're looking for a beginner-friendly, mobile-native wallet for ERC-20 tokens, Binance Web3 Wallet is definitely worth considering.

Key Features

As one of the contenders for the best ERC-20 wallet in the market, the Binance Web3 Wallet offers a lot more than just basic crypto storage. Here are five key features that make it stand out:

  • Extensive ERC-20 Token Support. You can store, send, and swap a wide range of ERC-20 tokens like ETH, USDT, SHIB, and AAVE directly from the wallet, with full compatibility across Ethereum-based dApps.
  • Seamless Integration with the Binance App. Since it's built into the Binance app, you don’t need to install anything extra. Just open the app, activate the Web3 Wallet, and you're good to go.

Best ERC20 wallet: description of Binance Web3 Wallet's bridging capability on its landing page.

  • Non-Custodial with MPC Technology. The wallet uses multi-party computation (MPC) to secure your assets while giving you full control over your private keys.
  • Built-In Swap, Bridge, and Staking Functions. Easily swap tokens, bridge between networks, or stake assets, all without needing to leave the wallet.
  • DApp and NFT Access. Explore DeFi platforms, play blockchain games, or manage your NFTs directly within the wallet interface.

So, what do you think of the Binance Web3 Wallet? Personally, I think it’s a feature-packed option that combines convenience, security, and solid ERC-20 support. Definitely worth considering.

👉🏻 Visit Binance Web3 Wallet
...or read our Binance Web3 Wallet review

8. Coinbase Wallet - A Self-Custody Wallet from a Trusted U.S. Exchange

Ranks #8 out of 8 Crypto Wallets

Coinbase Wallet is a non-custodial wallet designed for users who want full control of their crypto, including ERC-20 tokens. Unlike the main Coinbase exchange app, this wallet lets you manage your private keys and interact directly with dApps, NFTs, and DeFi platforms.

Coinbase Wallet works completely independently from the Coinbase exchange app, so you don’t need to have a Coinbase account or install the exchange app to use it.

It supports thousands of ERC-20 tokens, including popular names like USDC, DAI, UNI, LINK, and APE. You can easily swap tokens within the app or connect to Ethereum-based protocols like Uniswap or Compound without ever leaving your wallet.

What's better is that Coinbase Wallet has a user-friendly design and deep ecosystem integration. It's ideal for beginners who want a smooth onboarding experience but also powerful enough for advanced users managing multiple ERC-20 assets.

Best ERC20 wallet: Coinbase Wallet's description on its landing page.

If you’re looking for the best ERC-20 token wallet that blends ease of use with Web3 functionality, Coinbase Wallet strikes a strong balance between accessibility and control.

📚 Read More: Is Coinbase Safe?

Key Features

Ready to install the Coinbase Wallet on your phone? Here are five features that make it a strong choice:

  • Full ERC-20 Token Support. Coinbase Wallet lets you store, send, and swap thousands of ERC-20 tokens, including stablecoins like USDC and popular assets like UNI, LINK, and AAVE.
  • Built-in Decentralized Exchange (DEX) Access. You can trade tokens directly from the app using integrated DEXs like Uniswap – no centralized exchange or middleman required.

Best ERC20 wallet: the Google Play page for the Coinbase Wallet app.

  • Web3 and NFT Compatibility. The wallet connects to Ethereum-based dApps and NFT marketplaces, so you can explore DeFi, games, and collectibles all in one place.
  • Multi-Chain Support. In addition to Ethereum, Coinbase Wallet supports other networks like Polygon, BNB Chain, and Avalanche, giving you flexibility across ecosystems.
  • Standalone Functionality. You don’t need a Coinbase exchange account to use the wallet. It runs independently, giving you full ownership of your crypto and keys.

So, I think Coinbase Wallet offers both power and simplicity, no matter if you just want a secure place to manage your ERC-20 tokens or diving into the wider DeFi ecosystem.

👉🏻 Visit Coinbase Wallet
...or read our Coinbase Wallet review

Comparing the Best ERC-20 Wallets

By now, you’ve seen a detailed breakdown of each wallet and what makes them unique. But sometimes, it’s just easier to compare things side by side. If you're still trying to decide which one suits your needs, this table gives you a quick snapshot of how these best ERC-20 wallets stack up to each other:

Private Keys Ownership

Price

Supported Cryptocurrencies

Customer Support

Ledger Stax

 

$399

5,500+

Email, Help center

Ledger Flex

 

$249

5,500+

Email, Help center

Trezor Safe 5

 

$169

9,000+

Email, Live chat, Help center

KeepKey

 

$78

7,000+

Email, Live chat, Help center

Trezor Safe 3

 

$79

8,000+

Community forum, Email support

MetaMask

 

Free

1,000+

Email, Live chat (via Binance app)

Binance Web3 Wallet

 

Free

400+

Help center, In-app support

Coinbase Wallet

 

Free

5,000+

Email, Help center

Table: Comparison between the best ERC-20 wallets

So, which one is the best wallet for ERC-20 tokens? That depends on your needs. Is it affordability, user experience, or advanced security? Regardless, this table should help you compare each option at a glance so you can pick the one that fits your style of crypto management.

📚 Read More: Best Cryptocurrency Wallet

How to Choose the Best Crypto Wallet for ERC-20 Tokens

Obviously, these are just the tip of the iceberg. There is a plethora of options available for you out there, with a wide range of prices and features. So, maybe you want to continue your search for the best ERC-20 wallet, but don't know where to start. No worries! Here are some essential steps to make your search easier:

1

Identify Your Own Needs. It is important to set a baseline before you start exploring crypto wallets by asking yourself several questions about your preferences. What type of wallet do you need? Do you plan on HODLing for the long term? Will you trade your coins frequently? These questions can help narrow down your options and make the search less overwhelming.

2

Set Your Budget. If you haven't noticed, crypto wallets come in various price points. So, it is best to decide how much you're willing to spend. If you only have $100 to spend on a wallet, you can immediately skip the ones with a higher cost and save time.

Best ERC20 wallet: a Ledger device with BTC and LTC coins.

3

Check the Security Features. I can't stress this enough: security is extremely crucial when it comes to crypto wallets. In most cases, it should come before convenience and even price. You may think that you can just get any wallet and call it a day. But trust me, paying attention to the security measures goes a long way. The last thing you want is to lose your crypto because you don't take security seriously.

4

Make Sure It Supports Your Crypto. Don't forget to check for compatibility. Nowadays, most popular wallets support a wide range of ERC-20 tokens. But you can never be too sure. Check the wallet's official page and make sure you can store your preferred coin there.

5

Look for Reviews. Personally, I like to look for reviews from other users before making the final decision. If many people think it's a good wallet and there weren't too many complaints, I'll go for it. But remember that other people may have different preferences from yours. So, simply use this as a reference instead of the sole determining factor.

I don't recommend buying a second-hand hardware wallet due to the potential risk of tampering.[1] If you're wondering how to get an ERC-20 wallet, the best method is to buy it from its official website.

Remember, no rush. Take your time looking through the nitty gritty of each of your options, especially if you plan on spending money on the crypto wallet. After all, this should be a long-term investment, and you wouldn't want to make a wrong decision.

📚 Read More: How to Choose a Crypto Wallet

How to Set Up an ERC-20 Wallet

Alright, now is the time to get started with your ERC-20 wallet. Each wallet product will have a different setup process. But to make things simpler, I will use the Ledger Live app on desktop as an example to demonstrate the steps. Without further ado, here is what you should do to set up your Ledger wallet before using it to store ERC-20 tokens:

STEP 1:

Connect Your Device and Open Ledger Live. Connect your Ledger wallet to your preferred device (computer or mobile phone) using a USB cable or via Bluetooth. Then open the Ledger Live app on your device and click [Get Started]. The app will help you navigate through the setup process.

Best ERC20 wallet: the initial page on Ledger Live set up process with the Get started button highlighted.

STEP 2:

Choose a Wallet. Look for your crypto wallet, then click [Select]. In this example, I'm choosing the Ledger Nano X.

Best ERC20 wallet: the product option page on Ledger Live.

STEP 3:

Select Your Setup Method. If this is the first time you use the device, select [Setup a New Device]. Otherwise, you can use other options to recover your previous Ledger accounts.

Best ERC20 wallet: the set up method option on Ledger Live.

STEP 4:

Set Your PIN Code. Set a 4-8 digits long PIN code to secure your Ledger wallet. Enter your PIN again to confirm it.

Best ERC20 wallet: the instructions to set up a PIN code on Ledger Live.

STEP 5:

Write Down the Recovery Phrase. Take your recovery sheet (included in the package) to write down your recovery phrase. Scroll through the words until you find Word #1 by pressing the right button on your Ledger wallet. Validate by pressing both buttons. Repeat the process for all 24 words.

Your 24-word recovery phrase is the master key to your crypto. Always keep it in a safe place and avoid making a digital copy of it.[2]

STEP 6:

Complete the Genuine Check. The app will verify whether your Ledger wallet is genuine. Click [Check My Device] on the app to get started. Wait until the process is complete.

STEP 7:

Install the Ethereum App. Open Ledger Live and click [My Ledger]. Once you reconnect the wallet to the app, look for the Ethereum app and click [Install]. You can also add a new Ethereum account by clicking the [Add Account] button once you install the app.

Best ERC20 wallet: the My Ledger Page on the Ledger Live app with the install button for the ETH app highlighted.

That's it! Now you're ready to use your Ledger wallet to safely keep your ERC-20 tokens. Remember to always keep your wallet (and the recovery phrase) safe and stay vigilant against scams and phishing attempts.

📚 Read More: Crypto Wallet Security Guide

Conclusions

Alright, I've covered a lot of ground, and hopefully, you're now feeling much more confident about picking your crypto home. The truth is, there's no single best ERC-20 wallet that fits everyone perfectly. It really boils down to what matters most to you.

Are you all about top-tier security for a long-term hold? Or do you prefer something super easy for daily transactions? Whatever your priority, remember the golden rules: always double-check that your chosen wallet supports your specific tokens, and give those user reviews a quick scan.

Last but not least, guard that recovery phrase with your life. With these practical tips in hand, you're all set to securely manage your digital assets.

Ready to get your ERC-20 wallet? Check out Ledger and Trezor for some of the best hardware wallet products on the market right now!

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.


Scientific References

1. Dabrowski A., Pfeffer K., Reichel M., Mai A., Weippl E., Franz M.: 'Better Keep Cash in Your Boots - Hardware Wallets are the New Single Point of Failure';

2. Deshpande V., Harish J., Khade A. V.: 'A Practical Recovery Mechanism for Blockchain Hardware Wallets'.

About Article's Experts & Analysts

By Aaron S.

Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W...
Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
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Recent Best ERC-20 Wallet User Reviews

loren7956
4.0/5.0 - MetaMask User
07/04/2025
not worth it

typical software wallet - very convenient, but not secure enough for me

Evaluation
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Walter Larson
4.0/5.0 - KeepKey User
23/04/2025
Design is on-point

I love Keepkey's sleek design

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murray bryan
5.0/5.0 - Coinbase Wallet User
13/05/2025
Hi, guys!

Anyone here a happy Coinbase user too? 🙋

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Viv_Peralta
5.0/5.0 - MetaMask User
12/05/2025
Not only for the crypto-savy

I like being part of this community and my programming skills came in handy few times already. Happy to be able to help

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Lincoln Obrien
5.0/5.0 - KeepKey User
27/05/2025
good cold wallet

Keepkey to anyone looking to use a cold wallet because they can count on excellent customers service.

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h.brennan
5.0/5.0 - Coinbase Wallet User
26/04/2025
My Opinion

In my humble opinion, a company as big as Coinbase could afford cheaper fees and still profit well enough to keep its business running and its owners rich.

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programmingbear
5.0/5.0 - KeepKey User
23/05/2025
Nice & Tidy

This wallet is the best. Keeps all my crypto organized and easily accessible.

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Pamela Nguyen
5.0/5.0 - KeepKey User
12/05/2025
As Always.

Great review, insightful and well-informed.

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Cormac Mullins
4.0/5.0 - Coinbase Wallet User
01/05/2025
Past For Me

Coinbase was really promising at first. It was very popular, had a lot of options... But, after some time, it just couldn't follow the industry's standards... It's disappointing, even...

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Amelia-Rose Henderson
4.6/5.0 - KeepKey User
08/05/2025
Average

Our experience was good

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kyraclayton
5.0/5.0 - Coinbase Wallet User
03/03/2025
great fees

you literally CANNOT find a BETTER wallet for LESS than what Coinbase charges

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Afsana Alfaro
4.2/5.0 - KeepKey User
30/03/2025
Hmm…

For some reason, from the very beginning, I did not like to use this wallet.

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AVILA
5.0/5.0 - Coinbase Wallet User
08/04/2025
sounds ok

even tho coinbase is good, i still prefer my good ol' cold storage

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diane
4.4/5.0 - KeepKey User
10/04/2025
10/10 would recommend

i still prefer trezor personally but i know some friends dont love the design

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T.B.
4.0/5.0 - Coinbase Wallet User
30/04/2025
i like it

it was better in the past but im so lazy to change wallets

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Alexandru Tucker
5.0/5.0 - KeepKey User
07/03/2025
KeepKey is a great device

KeepKey is a great device . Customer service is wonderful. Very recommended.Thank you.

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PeGUSus
5.0/5.0 - MetaMask User
27/05/2025
For beginners

I have no issue using this wallet, few tokens that i have are always easy to access

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inventive.bell
4.8/5.0 - MetaMask User
19/03/2025
In arm's reach

Easy access is a plus, I store my nft on the browser, safety is not such a big concern for me

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TK Cline
4.4/5.0 - MetaMask User
17/05/2025
Not my main storage

I only store NFTs in metamask wallet. It is very easy to access, but i don't trust it enough to store my ethereum crypto in large sums

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Suraj
5.0/5.0 - KeepKey User
23/05/2025
Highly recommend

Great people who make a great wallet! I highly recommend to anyone who is interested.

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FAQ

What is the best ERC-20 wallet?

The best ERC-20 wallet depends on your needs. If you prioritize security, hardware wallets like Ledger Stax or Trezor Safe 5 are excellent choices. For convenience and dApp access, MetaMask and Binance Web3 Wallet are top picks. All in all, the right wallet should support ERC-20 tokens reliably and match your preferred way of managing crypto.

What is an ERC-20 wallet?

An ERC-20 wallet is a crypto wallet that supports tokens built on the Ethereum blockchain using the ERC-20 standard. These tokens include popular assets like USDT, UNI, and SHIB. ERC-20 wallets let you store, send, receive, and interact with Ethereum-based tokens and dApps. They can be hardware like Ledger or Trezor wallets, or software like MetaMask or Coinbase Wallet. If you're just getting started, it helps to know what is ERC-20 wallet and how it fits into the Ethereum ecosystem.

What happens if I lose my ERC-20 wallet or forget my password?

Losing your ERC-20 wallet or forgetting your password can be stressful, but your crypto usually isn't lost if you have your recovery phrase. This 24-word seed phrase is the ultimate backup. To restore access, you'll typically use this phrase on a new wallet device or software. For example, to recover Ledger, you'd initiate the "Restore from recovery phrase" process on the device, carefully entering your 24 words. Without this phrase, recovery is often impossible, underscoring its critical importance.

Do I need a separate wallet for each type of ERC-20 token I own?

No, you generally don't need a separate wallet for each ERC-20 token. Most wallets use a single Ethereum address that can hold many different ERC-20 tokens. These wallets interact with the Ethereum blockchain to display your various token balances linked to that one address. While some centralized exchanges might show separate deposit addresses for different tokens, a self-custody wallet simplifies managing multiple wallets by consolidating all your ERC-20 assets under one primary Ethereum address.

Can I stake my ERC-20 tokens directly from a wallet?

Yes, you can often stake certain ERC-20 tokens directly from a compatible wallet, but it depends on the specific token and its associated staking mechanism. Many DeFi protocols and dApps integrate with wallets like MetaMask or Ledger Live to allow users to participate in staking directly. For example, some wallets offer integrated services for liquid staking derivatives like stETH, which is an ERC-20 token. Always check the token's project page or your wallet's features for available staking options.

Can I connect my ERC-20 wallet to dApps?

Yes. Connecting your ERC-20 wallet to decentralized applications (dApps) is one of its core functions and a key part of the Web3 experience. Wallets like Binance Web3 Wallet act as your gateway to dApps. You simply click a [Connect Wallet] button on the dApp, approve the connection within your wallet, and then you can interact with smart contracts, swap tokens, join DeFi protocols, or explore NFTs directly from your self-custodied funds.

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5.0 Rating