Ethereum Classic Wallets: Top 9 Safest Places to Store ETC
Ethereum Classic (ETC) is the most well known fork of Ethereum that came about because of the infamous DAO hack back in 2016.
Since then, the project has gone from strength to strength and has even been able to shake the moniker of "an Ethereum Fork". Today, it remains one of the top 20 cryptocurrencies in terms of market cap and is listed on a number of exchanges.
Of course, if you hold Ethereum Classic, you will want to find the best ETC storage option.
In this post, I will give you the top 9 best Ethereum Classic wallets. I will also give you some top tips to safely "Hodl" your ETC.
Top 9 Ethereum Classic Wallets
Given that Ethereum Classic is a fork of Ethereum, it is also an ERC20 standard token. This means that all of the wallets that support Ethereum should support Ethereum classic too. Therefore there are quite a selection of wallets that you can use to store your ETC.
Given this wide selection, I decided to zone in on those that tick most of my boxes. This includes factors such as security, usability and community support. Below is the list of the best ETC wallets and storage options (in order of preference).
1. Ledger Nano S (Hardware Wallet)
Because hardware wallets are the most secure way to store cryptocurrency it comes as no surprise that the popular Ledger Nano S is a top choice among Ethereum Classic users. People not only love the security they get from this small USB-like device, but they also love the convenience and ease of use.
Simply plug it into the USB port of any computer and you have a wallet that can store ETC and hundreds of other different cryptocurrencies, not to mention all the thousands of ERC-20 compatible tokens.
While ease of use is great, it remains security that keeps this wallet at the top of almost any list of best wallets. The Ledger Nano S includes recovery seed, PIN protection, 2-factor authentication, and a proprietary secure operating system together with a smart chip to make the wallet tamper-proof.
Moreover, because this is a hardware wallet, it keeps your private keys offline and away from the threat of hackers. When you sign a transaction with a Ledger, it remains on the device so even if you did have malware or viruses on your PC, there is no way that they could read your private key.
Although the Ledger Nano S is sufficient for your ETC storage needs, you may want to wait for the Ledger Nano X to come out. This will have much more storage and a number of exciting features that are not on the Ledger Nano. They are currently accepting pre-orders and will start shipping soon.
2. Trezor Model One (Hardware Wallet)
This is another really popular hardware wallet that is developed by a company in Prague called "Satoshi Labs". Like the Ledger Nano, this can store much more than just Ethereum Classic. There are over 1,000 coins and tokens that it supports.
The Trezor Model One is slightly cheaper than the Ledger Nano and costs €69. In terms of functionality, it also connects to your PC through a USB cable. It will then use a Chrome Browser plugin and the "Trezor Bridge" so that your device can interact with your browser.
Although the Trezor Model One should be sufficient for you to store your Ethereum Classic, there is a more advanced model. That is the Trezor Model T which costs €149. Apart from supporting more coins than the Model One, it has an LCD color touch screen which makes it slightly more intuitive and easy to use.
3. Exodus (Desktop Wallet)
The Exodus wallet is a desktop wallet which can be used for storing Ethereum Classic and over 100 other digital assets. When it was launched it was a ground-breaking wallet for its beautiful and intuitive user interface. It hasn’t lost that spark, and both new and experienced cryptocurrency enthusiasts will enjoy the Exodus UI.
Something that I really liked about Exodus was their Shapeshift integration. Shapeshift is a non-custodial cryptocurrency exchange service that you can use to quickly switch your ETC into any one of the coins that are supported by the exchange. No need to send out to an external exchange first!
Another benefit of Exodus is that they have partnered with Trezor to give your coins hardware level security. Essentially, the partnership means that you can manage all of the coins that you have on your Trezor through the Exodus wallet software. So, if you are not a fan of the Trezor browser UI, you can always use Exodus!
For the mobile users, Exodus does have a mobile app available on iOS. Unfortunately, it only has support for a handful of assets which does not include Ethereum classic. However, these are just the introductory stages and they will be adding more support. They are also due to release a version for Android in the not too distant future.
4. Jaxx Liberty Wallet (Multi Platform)
Jaxx Liberty is a multi-currency and multi-platform wallet that was developed by Anthony Di Iorio, the co-founder of Ethereum. In addition to storing Ethereum Cash, the Jaxx wallet has support for over 80 other cryptocurrencies. And it has desktop versions (Windows, Mac OS and Linux), mobile versions (Android, iOS) and a Chrome browser extension.
The Jaxx Liberty has been designed as a one-stop shop for cryptocurrency enthusiasts and in addition to the secure wallet, it also provides a portfolio feature, news feeds, markets data, blockchain explorers and an in-wallet exchange.
The wallet itself comes with an industry-standard 12-word seed phrase for backup and recovery. This allows you to restore the wallet if necessary on any device. To maintain your privacy and security this seed phrase and the private keys of the wallet are kept solely on your device and are never sent to Jaxx.
Encryption and password hashing add another layer of security. You also get the convenience of QR code support and integration with Shapeshift for quick and easy cryptocurrency exchange.
On the downside is a lack of 2-factor authentication and some questions about the security of the wallet in the past.
5. Atomic Wallet (Desktop & Mobile Wallet)
The Atomic Wallet is more than just a wallet, it is also a decentralized exchange that allows for transparent, cross-chain, immutable cryptocurrency trades through the wallets decentralized atomic swap exchange.
One of the great features of this type of atomic swap is that it can be done without a need to register or to provide invasive KYC/AML verifications. And for those who prefer a more traditional exchange, Shapeshift, Changelly and ChangeNOW are integrated with the wallet.
Atomic is currently able to support over 500 cryptocurrencies in addition to Ethereum Classic, and they are adding support for more all the time. And it is available as both mobile (Android and iOS) and desktop (Windows, Mac OS, Ubuntu, Debian, Fedora) versions.
The wallet has an easy to understand user interface, that is both intuitive and powerful. Besides supporting the seamless exchange of so many cryptocurrencies it also supports purchases with your credit card within the wallet. When you combine that with the atomic swap capability and integration with Shapeshift / Changelly / ChangeNOW this is not only a wallet but a full-fledged trading platform.
The team behind Atomic Wallet are a powerful force in the blockchain world too. That team includes the CEO of Changelly, Konstantin Gladych, founding member of the Bitcoin Foundation Charlie Shrem and Simon Dixon who is the CEO of BnkToTheFuture.com.
The downsides to the wallet are a lack of 2-factor authentication and multi-signature capability and the lack of open source code.
6. Coinomi (Desktop & Mobile Wallet)
Coinomi is a multi-currency wallet that can store over 1,500 cryptocurrency assets. It was solely an Android app for a very long time, but recently iOS support has been added, and desktop versions have been made available for all the major operating systems (Windows, Linux, and Mac OS).
Coinomi is a hierarchical deterministic wallet, which means you get easy backup and recovery, and secure private keys stored locally on your own device. The wallet also protects your privacy, with no sign-up required to download and use the wallet.
Coinomi was launched in 2014, and since then it has gained millions of users. It also boasts no successful hacking attempts in all that time. It is also highly rated, with 4.5 stars on the Apple App store and 4.6 stars on the Play store. Coinomi also syncs seamlessly between desktop and mobile versions.
Like the other Multicurrency wallets that we have listed above, Coinomi also has Shapeshift integration. So, if you want to quickly exchange your Ethereum Classic for another coin, you can do so right from the wallet.
7. Trust Wallet (Mobile Wallet)
Trust Wallet is one of the most highly rated mobile cryptocurrency wallets that can be used to send, receive and store not only Ethereum Classic, but nearly every ERC-20 and ERC-223 token. The Android version of Trust Wallet, which is also open-source, has a 4.6-star rating on the Play store, while the iOS version, which is unfortunately closed-source, has a 4.8-star rating in the Apple App store.
Trust Wallet stores all your keys locally on your own device, and since there are no account registration requirements to use the app you remain anonymous while your keys remain totally in your control. The wallet also acts as a Web 3.0 browser that lets you interact with any of the dApps running on the Ethereum blockchain.
The Trust Wallet takes security seriously and allows for increased security with optional PIN and fingerprint scanning. This means that even if someone was able to steal your device, they would not be able to sign a transaction unless they knew your PIN and had your finger!
And for those who like the steady income provided by proof-of-stake coins, the Trust Wallet has built-in support for staking of Tezos, VeChain, Callisto, and TomoChain.
8. Emerald Wallet (Core Wallet)
This is the official Ethereum Classic Core wallet that you can download from the Ethereum Classic Github. This is not the most easy wallet to use, is only available on PC and can only hold ETC.
However, the main benefit of the Emerald wallet is that it allows you to run a full node. When you are running a full node, you are contributing to the decentralisation of the network and hence its security. This requires you to download the entire blockchain that could take quite some time.
Of course, if you would prefer to just use the Emerald wallet as is and not wait for it to download the entire blockchain then you can always run it as a remote node. However, this does then defeat the purpose of using the Emerald wallet and you may want to opt for one of the more user friendly options above.
9. Paper Wallet (Cold Storage)
If you are planning on holding your Ethereum Classic for an extended period of time without accessing them then you may want to consider cold storage. This is method whereby you take your keys offline and make them inaccessible to hackers through the internet.
Perhaps one of the best ways to store coins in this fashion is through the use of a paper wallet. Essentially, you will store your private key on a physical piece of paper with a QR code. You can use this ETC paper wallet generator in order to set yours up.
Warning ⚠️: Don't save your paper wallet in any electronic form on your PC. This will defeat the purpose if a hacker can get access!
Of course, there are other risks that come with a paper wallet. If someone gets their hands on it they can easily steal your coins. Also, if you lose the paper seed, you lose access to all of your coins. So, you will probably want to keep more than one copy all in very safe and secure locations.
There you have it, the top 9 best Ethereum Classic wallets and storage options currently available.
Perhaps the best method for safe storage and regular use is with a Hardware wallet. Of course, if you wanted to store your coins for a longer term "hodl" then you can use a paper wallet and cold storage. You can even split your Ethereum Classic across numerous different paper / hardware wallets to spread your risk.
The multicurrency crypto wallets are great if you hold other coins and want to keep them all on the same wallet. It is also a plus if these wallets have mobile apps as well. From the above, it seems as if the Exodus wallet and Coinomi / Jaxx Liberty are your best bet for this.
Of course, whatever wallet you do decide to get, make sure that you practice security 101. Don't download any suspicious files, keep your wallet software updated and your anti-virus programs running.
Last, but not least, Hodl your coins in silence. No one needs to know how much ETC you hold and letting them know is inviting excessive risks.
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Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.