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5 Best ERC20 Wallets of 2020

CoinTikka – Adding Spice to your Wealth

Looking for a safe and secure ERC20 wallet, then you have come to the right page.  As we all know Ethereum is one of the most popular blockchains for new crypto projects as it easily allows them to create utility tokens to fund the development of their projects. With the influx of investors into these […]

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Looking for a safe and secure ERC20 wallet, then you have come to the right page. 

As we all know Ethereum is one of the most popular blockchains for new crypto projects as it easily allows them to create utility tokens to fund the development of their projects.

With the influx of investors into these projects, there was a demand to store these tokens also known as ERC20 tokens in wallets that are easy to use, compatible, safe, and secure.

In this guide, I will be listing out the most trusted and credible wallets to store your ERC20 tokens. I have listed them on the basis of the following four parameters.

  • Easy to use.
  • Access to Private key.
  • Easy to create Backup and Restore.
  • Compatible with different Platforms.

So. let’s get started.

Best ERC20 wallets:

1.MEW wallet:

The first one on our list of Best ERC20 wallets is My Ether Wallet also known as MEW.

Anyone who has invested in Ethereum or in ERC20 projects might have used this wallet for the first time. 

It is one of the most recommended wallets from the Ethereum community and to store ERC20 tokens. 

It is a free, opensource web wallet and I have personally used it many times for different purposes. It has a very simple and easy to understand user interface.

Being a web wallet it is still many times secure than other wallets in the market. Nothing is stored on their platform, that is why when you set up MEW it will ask you to write down the Private key and the Backup phrases.

Still, I would not recommend you to use it to store your ERC20 tokens or Ethereum for long term holding. For a short duration, you can certainly use it.

As a web wallet, you can access it on any device that has a web browser or you can now download its mobile app which is available for both Android and iOS.

Do not download any other application to access it as most of them are scams. I personally use it for trading purposes and not for holding my crypto assets.

Visit Website

2. MetaMask:

Metamask is an open-source browser extension that acts as a bridge between your browser and the Ethereum blockchain. It is a web wallet exclusively to store Ethereum and ERC20 tokens.

Here is an explainer video on MetaMask

You can add the extension to any browser that is built on chromium platform, for example, Google Chrome, Brave, and Edge. I have been personally using it on my Chrome and Brave browser.

With MetaMask you get access to your wallet’s Private key and you can also create a backup of your wallet while setting it up for the first time.

It has a very simple user interface and can be easily installed and set up with only a few clicks. I only use it to trading it on Ethereum DEX or while using Ethereum dApps.

As it is a web wallet I do not recommend holding your crypto assets for the long term in it. You can also connect it to other ERC20 wallets such as Atomic Wallet.

Visit Website

3. Atomic Wallet:

Atomic Wallet is a custody free Muti-cryptocurrency wallets that supports all top blockchains and more than 500 tokens.

It is available on both desktop and mobile platforms. As a custody free wallet, you get access to your Private keys and while setting up the wallet it will ask you to create a backup.

Three features that make it superior to any other cryptocurrency wallets available in the market are

  • Buy Crypto – You can buy cryptocurrencies using your credit card.
  • Atomic Exchange – Swap cryptocurrencies using the Atomic Swap.
  • Staking – Stake your favorite POS coins and start a passive income stream.

I personally have been using the desktop version of this wallet to hold cryptocurrency assets for the long term and for staking.

If you are interested in knowing more about this wallet then you can read the following articles listed below.

Visit Website

4. Ledger Nano (X & S):

Both Ledger Nano X and Ledger Nano S are the best available hardware wallet for your ERC20 tokens.

A hardware wallet is a cold wallet which means they are good for holding cryptocurrency assets for the long term.

These ERC20 token wallets are highly recommended for those individuals who are occasional traders or are long term holders.

They both come with a very simple and easy to use user interface. Private keys are generated and stored inside the wallets and you can also create backups of your wallet.

They both come with free shipping and lifetime upgrades. The cost of Ledger Nano X is $119 and the cost of Ledger Nano S is $59.

To know the difference between both the wallets you need to check this page.

Visit Website.

5. Trust Wallet:

Trust wallet is a mobile-based opensource Multi cryptocurrency wallet. It is the official wallet of the Binance Exchange.

Trust wallet supports ERC20 tokens and also BEP2 tokens. You can easily connect it to Binance DEX and Kyber Network.

With it, you can directly access dApss within the wallet which has been made possible with the integration of Web3browser.

I have personally used it to trade a few of my ERC20 tokens which were listed on the Binance Exchange.

The private key of your wallet is stored locally and is protected by many layers of security which makes it safer. You can also create a backup of your wallet.

Visit Website

My Thoughts:

For all the wallets listed in this article, I have also mentioned the reason why I am using them or why I had used them.

You can also do the same or you can decide what suits you according to your requirement.

It is always advised to keep a written record of your Private key and the backup phrases on a piece of paper.

Please keep them somewhere safe so that in time of emergency you can get access to your wallets.

It is always advised to treat your crypto wallet in the same manner as you treat your Fiat wallet or pocket wallet. So that you do not lose them.

Never reveal your Private key to anyone and never disclose the backup phrases of your wallet.

Handpicked articles for you:

In The End:

Thanks for reading my articles about the 5 best ERC20 wallets in 2020. I hope you enjoyed reading it as much I enjoyed writing it for you.

I hope you have got all the relevant information required to choose from one of the listed ERC20 wallets.

In case if you have not joined our community on social media, you do so now. We are available on the following platforms.

Source: https://cointikka.com/best-erc20-wallets/

Blockchain

TA: Ethereum Steadies Above $1,280, Why ETH Could Restart Its Rally

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Ethereum corrected lower and tested the $1,250 support zone against the US Dollar. ETH price is consolidating above $1,280 and it looks set for a fresh increase in the near term.

  • Ethereum is holding gains above the $1,250 and $1,280 support levels.
  • The price is currently correcting lower from $1,385, but it is above the 100 hourly simple moving average.
  • There is a crucial contracting triangle forming with support near $1,275 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could correct again, but it is likely to remain well bid above the $1,250 and $1,275 support levels.

Ethereum Price is Holding Key Support

Yesterday, we saw a downside correction in Ethereum below the $1,350 and $1,300 support levels. ETH price even spiked below the $1,280 support level and the 100 hourly simple moving average.

It tested the $1,250 support zone and recovered steadily above $1,300. There was a break above the $1,350 resistance and a close above the 100 hourly simple moving average. However, ether price failed to surpass the $1,400 resistance zone.

A high was formed near $1,388 and the price is currently correcting lower. It is testing the 50% Fib retracement level of the upward wave from the $1,251 swing low to $1,388 high. There is also a crucial contracting triangle forming with support near $1,275 on the hourly chart of ETH/USD.

Ethereum Price

Source: ETHUSD on TradingView.com

The triangle support is close to the 76.4% Fib retracement level of the upward wave from the $1,251 swing low to $1,388 high. On the upside, the triangle resistance is near the $1,360 and $1,365 levels.

The main resistance is near the $1,385 and $1,400 levels. A successful close above the $1,400 resistance could open the doors for a fresh surge towards the $1,450 and $1,480 levels.

Dips Supported in ETH?

If ethereum struggles to remains stable above $1,300, it could correct further. An initial support on the downside is near the $1,280 level and the triangle trend line.

The main support is now forming near the $1,250 level. If ether fails to stay above the $1,250 support, it could decline further towards the $1,180 and $1,165 support levels.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is slowly moving in the bullish zone.

Hourly RSIThe RSI for ETH/USD is currently close to the 50 level.

Major Support Level – $1,280

Major Resistance Level – $1,380

Source: https://www.newsbtc.com/analysis/eth/ethereum-steadies-above-1280/

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Blockchain

Kraken Daily Market Report for January 20 2021

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Overview


  • Total spot trading volume at $1.68 billion, 8% higher than the 30-day average of $1.55 billion.
  • Total futures notional at $750.6 million.
  • The top 5 traded coins were, respectively, Bitcoin, Ethereum, Tether, Polkadot, and Cardano.
  • Strong returns today from Curve Dao (+17%) and Mana (+8.9%).

January 20, 2021 
 $1684.5M traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
XBT 
$34827. 
↓2.8% 
$693.8M
ETH 
$1320.9 
↓3.3% 
$547.8M
USDT 
$1.0004 
↓0.01% 
$168.2M
DOT 
$17.561 
↑7.3% 
$98.1M
ADA 
$0.3645 
↓0.6% 
$37.9M
XRP 
$0.2925 
↓0.7% 
$30.6M
LINK 
$21.131 
↑2.8% 
$30.5M
USDC 
$0.9999 
↑0.0% 
$24.9M
LTC 
$147.10 
↓3.0% 
$23.5M
XLM 
$0.2894 
↓2.8% 
$11.8M
BCH 
$493.17 
↓2.5% 
$11.0M
XTZ 
$2.8637 
↓0.24% 
$6.62M
ATOM 
$8.6476 
↓2.4% 
$5.85M
GRT 
$0.5118 
↓4.9% 
$5.32M
REP 
$23.266 
↑5.5% 
$5.13M
DAI 
$0.9998 
↓0.02% 
$4.99M
FIL 
$22.405 
↓1.2% 
$4.5M
UNI 
$8.7212 
↑1.8% 
$4.4M
YFI 
$33270. 
↓3.3% 
$4.4M
KSM 
$106.22 
↑4.3% 
$4.38M
XMR 
$151.54 
↓3.6% 
$3.86M
AAVE 
$189.44 
↑1.6% 
$3.78M
WAVES 
$7.0911 
↑0.08% 
$3.46M
CRV 
$1.5485 
↑17% 
$3.39M
EOS 
$2.7554 
↓1.1% 
$3.25M
DASH 
$120.02 
↓3.4% 
$3.11M
ALGO 
$0.5353 
↑2.8% 
$2.49M
ZEC 
$98.494 
↓3.6% 
$2.29M
NANO 
$3.3128 
↓5.5% 
$2.28M
OMG 
$3.7666 
↓2.3% 
$2.21M
SNX 
$15.334 
↑1.2% 
$1.92M
TRX 
$0.0302 
↓1.3% 
$1.89M
KAVA 
$2.1977 
↓1.1% 
$1.54M
QTUM 
$3.1710 
↑0.12% 
$1.25M
ICX 
$0.7395 
↑6.3% 
$1.13M
COMP 
$208.88 
↓1.3% 
$1.11M
BAT 
$0.2737 
↑1.8% 
$1.11M
XDG 
$0.0089 
↓0.8% 
$1.07M
MANA 
$0.1321 
↑8.9% 
$1.02M
KEEP 
$0.3149 
↓2.9% 
$863K
SC 
$0.0050 
↑1.5% 
$812K
ETC 
$7.7530 
↓0.4% 
$695K
KNC 
$1.2653 
↑0.16% 
$684K
MLN 
$40.959 
↓4.8% 
$649K
LSK 
$1.4740 
↑6.9% 
$536K
REPV2 
$21.115 
↓2.8% 
$521K
OXT 
$0.2914 
↓0.23% 
$483K
PAXG 
$1880.9 
↑1.6% 
$406K
BAL 
$21.470 
↓2.7% 
$244K
GNO 
$115.89 
↓4.0% 
$223K
ANT 
$3.9536 
↓1.3% 
$217K
STORJ 
$0.3956 
↓3.5% 
$191K
TBTC 
$36825. 
↑1.6% 
$76.9K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (January 20 2021)



Figure 2: Mid-size trading assets: (measured in USD) (January 20 2021)



Figure 3: Smallest trading assets: (measured in USD) (January 20 2021)



#####################. Spread %. ##########################################

Spread %


Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (January 20 2021)



.


#########. Returns and Volume ############################################

Returns and Volume


Figure 5: Returns of the four highest volume pairs (January 20 2021)


Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (January 20 2021)



###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (January 20 2021)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

Source: https://blog.kraken.com/post/7516/kraken-daily-market-report-for-january-20-2021/

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Blockchain

83% of cryptocurrencies that peaked in 2018 are still down by 90%

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Data published by crypto market data aggregator Messari shows that 83% of crypto assets that tagged all-time highs in January 2018 are still down by at least 90%.

The data was spotted by CMT Digital analyst Matt Casto, who tweeted data showing the average return-on-investment, or ROI, of crypto assets sorted by the year in which they posted record price highs.

The data set included 410 assets that posted record prices during 2017 or later, with 2018’s 157 star coins performing the worst with an average of -90.71% since the previous ATH. 

2017’s top crypto’s have since crashed by 82% on average, while 2019’s crop is down 72%, and 2020’s standouts have shed 53%.

The data may help support the ‘great repricing’ concept, that the capital that once flowed into the “ghost-chain” layer-one blockchains that dominated the sector in 2017 and 2018 is now being redirected towards the nascent DeFi sector.

The concept is even a trading strategy for some, with dHedge pool manager Wangarian describing his strategy as longing “tokens that obtain direct value accrual (DeFi)” while shorting “dogs**t L1s that have no value accrual whatsoever.”

However, despite the poor performances of many altcoins from yesteryear when compared to their record highs, many older altcoins have still produced enormous percentage gains since bottoming out.

Since finding local lows during the “Black Thursday” crash of March 2020, Cardano (ADA) has increased nearly 1,700%, Zilliqa (ZIL) is up 2,670%, and Decred (DCR) has gained 14,130% from their respective price floors.

Source: https://cointelegraph.com/news/83-of-cryptocurrencies-that-peaked-in-2018-are-still-down-by-90

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