Are you ready to buy some ERC20 tokens? Before you do it, you need to decide where you will store them. Navigating through numerous wallets can be challenging and therefore, we have decided to give you a brief overview of the most common ones.

First of all, you should answer some questions about your future wallet:

· Will you use it to make everyday transactions or to buy crypto for investment?

· Do you need your wallet to be at hand regardless of where you are?

· Should it have certain specific features such as complete privacy and security, great interface, etc.?

· Do you plan to store lots of different tokens and coins?

· Do you want an easy visual way to keep up with the rates of tokens you have and other altcoins?

Having answered these questions, you’re ready to consider the pros and cons of the wallets we have examined.

imToken Wallet

Pretty nice wallet with a good interface designed by a Chinese team. It will keep your ETH and ERC20 tokens safe.

Pros

· Runs on Android and iOS

· Accessible interface

· ETH and tokens rates

Cons

· No other coins supported

· No in-wallet exchange

· Tokens supported are not so popular (according to the coinmarketcap.com rates)

Trust Wallet

This wallet has lots of useful options and can become a real friend in the crypto world. It’s a proper platform for storing your ETH and tokens, however note that its interface is aimed at more advanced users.

Pros

· Available for Android and iOS

· ETH and tokens supported

· Collectibles supported

Cons

· No in-wallet exchange

· No rate graph

· Interface for more advanced users

Jaxx

It is a well-known wallet that allows you to store several kinds of coins and tokens. Some newbies seem to find its interface inconvenient, however Jaxx’s useful options help make up for its drawbacks.

Pros

· Runs on a lot of platforms

· Many coins and tokens inside

· In-wallet exchange

· Secure

Cons

· Inconvenient interface

· No price graph

Lumi Wallet

The creators of this wallet care about their users: it’s convenient and the interface is highly intuitive. Another bonus is that it has daily, weekly, monthly, and yearly price graphs. In addition, each token in Lumi has a separate wallet.

Pros

· iOS and web interface supported

· In-wallet exchange

· Lots of coins and tokens can be added

· Intuitive interface

· Absolute security

· Informative price graph

Cons

· Android version doesn’t support tokens or ETH

BreadWallet

A wallet with bright design where you can store your tokens and ETH and have an opportunity to buy or exchange them right within the wallet.

Pros

· Runs on Android and iOS

· ETH and tokens supported

· In-wallet exchange (also can buy crypto for fiat)

Cons

· No price graph

Final Thoughts

When choosing a wallet, be sure to think about the aforementioned questions, as they will allow you to clearly understand what you’re looking for and thus, narrow down your choice. Carefully examine the pros and cons of every wallet you’re considering and don’t forget that any article about wallets has a healthy dose of subjectivity, so the final decision should ultimately be yours.