EOS is the native token of the EOS Network, and it’s a popular cryptocurrency with a market cap of over $1 billion. The network is an open-source blockchain with unique technology and community surrounding it. It’s often traded on various platforms, and many traders swap EOS to BTC and vice versa.
In the following article, we’ll explore EOS in detail and present the four best wallets for keeping this token safe when you’re not trading it.
What Is EOS?
You can think of EOS as a competitor to Ethereum, as it makes it possible to program and integrate smart contracts, as well as develop decentralized apps (dApps). It features unique structuring that makes its fees very low, which is one of this platform’s main advantages. All transactions on the network are conducted via EOS, the native cryptocurrency.
EOS is currently considered the 44th most popular coin based on its market cap crypto. Therefore, it’s not a superstar like BTC or ETH, but it’s definitely among the actively traded ones, similar to Stellar, as XLM to BTC is also a frequent trading pair.
Top 4 Wallets for EOS
Our team of experts carefully researched a range of wallets that accept EOS, narrowing down the selection to the following four options as the most reliable and most secure. Let’s check them out.
FreeWallet
FreeWallet was built to make access to digital coins more convenient and simplify all crypto-related operations. It accepts more than 280 digital currencies, and you can download it for iOS and Android devices. The wallet also features a web interface.
The wallet has daily and weekly transaction limits to prevent theft and associated risk. It also improves security with multi-signature options. It’s made with simplicity in mind, and registering an account takes a couple of seconds, as you can connect it to your Google or Facebook profile. You can add various security options, including a PIN code, 2FA, and more.
All transactions among FreeWallet users are free of charge.
Lumi Wallet
Lumi is a non-custodial wallet aimed at beginners, but it can be used by professional crypto traders, too. It’s also a multi-coin wallet that accepts a range of popular ERC-20 tokens and other cryptos — over 1200 in total.
It’s available for iOS and Android and offers security features such as PIN, Touch ID, and Face ID. Moreover, Lumi Wallet features an open-source code, which adds more security to it. The wallet doesn’t feature any KYC processes or any other identity verification form.
Guarda Wallet
Guarda is a light wallet that makes it easy to store, transfer, and manage your coins. There’s also an option to buy cryptos with fiat via an exchange-like service. The wallet supports over 400,000 coins.
Client info isn’t stored anywhere, contrary to many other wallets, meaning your data remains anonymous and your account is secure. Instead of being stored on servers, your private key is kept in the device. It’s automatically deleted once you log out of Guarda. It’s also one of the most recommended digital wallets for EOS.
GreyMass EOS Voter Wallet
GreyMass is much more than just a wallet; it aims to educate users on using EOS, making it closer to the masses. One of the essential parts of GreyMass is a GUI Light Wallet for storing EOS.
The wallet features AES-265 encryption, storing your private key in the device itself. Moreover, it makes it allows you to choose an API node to vote if you want to be an active part of the EOS ecosystem and network, voting being an important part of it. Voting via GreyMass is even more secure than using the standard EOS interface.
How to Choose the Best EOS Wallet?
The four wallets mentioned here should do the trick for you. Make sure to sift through them and pick the one that meets your needs. If you’re going to vote, GreyMass is the right choice, while Guarda is the best for those seeking a light type of wallet. Lumi Wallet is for those who also want to store Ethereum tokens, and FreeWallet is the best for beginners.
