EOS started as an ERC20 token on the Ethereum blockchain but since launching its mainnet, it’s become a separate entity entirely. Token swaps quite often become an issue as the community gets confused about where to store their new coins.
The process of adding a new ERC20 token is a lot easier than adding a whole new coin that runs on its own blockchain. So when your favorite projects move to their own mainnet, sometimes you have to look for another wallet that supports its native currency.
Ever since EOS carried out its token swap, Lumi Wallet’s team has been aiming at supporting the new coin. At this time, we have already released the Android update which allows you to import and export your existing EOS wallets, and the IOS update is on its way. We are working on bringing a lot more exciting add-ons that the EOS community is definitely going to appreciate.
Top 5 wallets for EOS
There are a few EOS wallets out there, of different types and for different likings, and today we want to tell you about the ones that are in demand.
But before we start reviewing them, there are a few things to consider.
First of all, keep in mind that creating EOS accounts is not free.
Secondly, EOS wallets that support airdrops from various EOS-powered project are ones that support EOS-based tokens.
And, finally, pay attention to the security features, constant development process, and, our favorite topic, who holds the private keys.
Freewallet is a well-known, multicurrency wallet, supported on Android and IOS and it has a web version. It allows for the execution of EOS transactions free of charge and instantly between Freewallet users. And the best thing is that you can create an EOS wallet there for free. The wallet also has a built-in exchange so you can swap your tokens and coins to EOS and back. It is perfect for beginners due to the ease of use.
Additional security features include email confirmation for each transaction and daily and weekly withdrawal limits.
However, it comes with a trick. Freewallet holds access to your private keys to ensure the safety of the coins cold storage themselves. So those of you who prefer to play by your own rules should consider choosing an alternative.
SimplEOS is an open-source desktop wallet created by EOS Rio. It was made specifically to fill the needs of the EOS ecosystem and is integrated with all the EOS.IO software features. It allows you to vote on the EOS Mainnet and will be soon able to interact with EOS-powered dapps. It is also one of the few EOS wallets that support airdrops. And your private keys stay private with SimplEOS (meaning, you control them and your funds).
The two main disadvantages are that mobile version is still under development and you cannot use it for any other coin or token that is not EOS related.
GreyMass/EOS Voter Wallet
EOS-Voter wallet is one of the most popular EOS mainnet wallets, made by EOS Block Producers GreyMass. It is an open source desktop wallet that lets you manage your EOS tokens, vote for BPs, and stake your EOS as Bandwidth or CPU.
There is an option to create a local wallet right on your device by importing your private key and setting up a password. And if you don’t want to store your private keys on the device, you don’t have to, the choice is all yours.
It is a great EOS wallet for EOS and working within that ecosystem, however, it is not that easy either.
Scatter started out as MetaMask for EOS, and used to be a browser extension for Google Chrome, but eventually graduated to the desktop version. It is considered to be one of the safest desktop configurations of EOS compatible wallets. It allows you to store your private keys on your own device and you don’t need to expose them while executing a transaction.
Users are not required to share any sensitive information while setting up the account. If you’re into smart contracts and still cannot choose between EOS, Ethereum, and TRON, Scatter gives you the opportunity to work with them all.
On the negative side, its interface is quite difficult to figure out and not very suitable for beginners.
Lumi Wallet is only starting its EOS-inspired journey, having a greater goal in mind. Although it’s not exactly reasonable to establish the best EOS wallet for airdrops, we aim to add EOS token support and thus allow users to use it for such airdrops. In fact, we plan to add as many EOS tokens as possible.
Also, Lumi Wallet plans to integrate the voting process and allow users to vote for block producers. We are already cooperating with MinerGate, a newly minted EOS block producer and a large mining pool, that is also focused on contributing to the EOS community.
Apart from that, we scheduled to add dapp support, so users will be able to interact with EOS-powered dapps via an in-wallet browser.
We believe in the unity of purpose and that partnership matters, that’s why we encourage all the aspiring projects to get in touch and drop us a line at email@example.com.
Lumi still has a long way to go and as adding new features takes time, we’re implementing them at a moderate pace, one-by-one. Next month we will make a special gift for the EOS community, that will be of service not only to beginners, but also to long-devoted EOS supporters, so please, bear with us.
The Best EOS wallet
So what is the best EOS wallet? Obviously, it is rather challenging to give a clear-cut answer as it depends on one’s personal preferences and special needs. Whether you need a multicurrency wallet with maximum features that will allow you to navigate in the EOS ecosystem, or you simply need a wallet to vote for block producers, you’ve got a few options to choose from.