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Ethereum Wallet by Freewallet claims the top spot as the most widely used Ethereum wallet in the Google Play store and is also available for iOS. With a monthly user base exceeding 80,000, it is built and maintained by Freewallet. This wallet empowers users to send, receive, and securely store Ethereum, offering accessibility in multiple languages.
Users do relinquish control of their private keys, as they are stored by Freewallet, potentially limiting control over their funds. However, it's worth noting that user data and private keys are encrypted for added security.
Ethereum Wallet boasts a built-in exchange supporting over ten cryptocurrencies. Users can send Ethereum to supported altcoin addresses and top up their wallet with other cryptocurrencies, receiving Ether in return. The balance can also be displayed in fiat currencies alongside Ether.
The wallet prioritizes security with the majority of funds stored offline in cold storage. It utilizes hierarchical deterministic technology and provides multi-signature functionality. Users can further enhance account security by enabling two-factor authentication.
Ethereum Wallet offers 24/7 support from the development team and garners positive reviews within the cryptocurrency community. Despite its strengths, it's important to consider that the outsourcing of the private key to Freewallet is a notable drawback.