Electroneum is a British cryptocurrency designed for everyday use, and it is made so that it can be mined on any android device.
To keep the mined electroneum safe, there is a need for a wallet that does not only give you complete control over your private keys but is also impossible to access without your authorization.
Quite a number of wallets that can be used to store electroneum exists out there. But which one can be trusted?
List of 6+ Best Electroneum Wallet and Reviews 2022
In this section are the best electroneum wallets that are designed to protect you from hackers who might want to steal your funds or from server downtime that could result in lost coins
Let’s Get Started!
1. Electroneum Wallet Mobile App
The app was designed in a way that is very user friendly. It is straightforward to learn how to use the app. The security of the app is also top-notch. All information is encrypted, so if anyone were to get their hands on your phone, they wouldn’t be able to use it.
It also has two-factor authentication so you can feel more secure about your account. Furthermore, you can send and receive ETN, check the value of your ETN, and check your transaction history.
The Electroneum Wallet is available for Android devices running 4.2 or higher and iOS devices running 9.0 or higher. And as of the date of this article, Electroneum is offering an iOS beta version of the wallet.
To download the Electroneum Wallet app on your mobile device, you need to go to the Google Play Store or Apple App Store, respectively, and search for Electroneum.
2. Electroneum Paper Wallet
Electroneum paper wallet is another electroneum wallet that uses a paper wallet to store private keys. – It is an unhackable wallet, but unfortunately, there is has a high difficulty for beginners to set up.
It is worth noting that even with the risk-free nature of electroneum paper wallets, users can still get their funds stolen connecting to public Wi-Fi or have funds stolen through physical theft.
To keep your funds safe using an electroneum paper wallet, make sure you generate both private and public keys offline alone, stay away from using a third-party PC to login into your account and make sure to keep your paper wallet from where anyone can lay hands on it.
3. Electroneum CLI Wallet
The Electroneum CLI wallet is a high-tech storage alternative. Command Line Interface (CLI) is an acronym for Command Line Interface. This wallet effectively transforms your device into an Electroneum blockchain node that is completely synchronized.
A user would have to install and learn how to use some very complex software on their laptop to store Electroneum in this wallet. For crypto enthusiasts, this choice would be a better fit. The Electroneum CLI wallet is compatible with macOS, Windows, and Linux-based systems.
4. Electroneum Web Wallet
For people who prefer to store their assets online, the Electroneum web wallet is a great choice. You must pass a two-factor identification process to access your funds (PIN code and CAPTCHA).
Users who plan to store substantial quantities of Electroneum value should explore alternate solutions, as this web wallet, like all hot wallets, may have certain security risks.
Frequently Asked Questions and Answers
Do you have questions on the Best Electroneum Wallet or other related topics? Here are answers to common questions you might want to know about.
How Do I Access the Electroneum Wallet?
The Electroneum Wallet has many features and benefits that make it stand out from the rest. It is user-friendly and has a simple interface. Moreover, it comes with mobile and desktop versions that provide users with an easy way to access their funds, no matter where they are.
Electroneum also offers two-factor authentication as an additional layer of protection for your account. This means that only those who have physical access to your phone can access your account or send funds from it.
Is Electroneum Wallet Safe?
The Electroneum wallets are secured with a PIN code. This PIN code generates a randomized number that is then sent to the user’s phone. This system makes it difficult for hackers to access users’ wallets because they would need the PIN and access their phones.
However, it is also recommended that users keep their wallets updated to the latest version of the software.
Is Electroneum a Cryptocurrency?
Electroneum is a digital currency that aims to make the process of mining easier for users and make it more accessible to people from all walks of life.
Electroneum is a type of cryptocurrency. It is an altcoin, which means it is a cryptocurrency other than bitcoin. Electroneum doesn’t have the same level of security and decentralization as other cryptocurrencies because it doesn’t use blockchain technology.
Does Electroneum Have a Future?
Electroneum has a bright future. It is an innovative, decentralized cryptocurrency that is designed for mass adoption.
There are many reasons to believe that Electroneum has a future. For example, they are building a new blockchain that will scale to handle billions of users on the platform simultaneously. This will enable new use cases for their app and give them more potential partners who can work with them on this blockchain.
Why Is Electroneum So Low?
The cryptocurrency has fallen significantly in value due to various factors, including the coin’s recent hard fork.
There are various reasons why the value is so low. One of them is that Electroneum experienced a hard fork on October 18th, so the price dipped because of this. Another reason why it is so low is that it has been experiencing instability in the price for some time now.
It also has not done well in regards to media coverage which could be another factor for its low value.
Can You Buy ETN on Coinbase?
If you are interested in buying ETN on Coinbase, the answer is no. However, you can use a cryptocurrency exchange like Binance to buy Ethereum and then use that to purchase ETN.
Binance offers a secure trading environment with more than 180 coins available for trade. These coins are referred to as altcoins or alternative currencies to differentiate them from mainstream cryptocurrencies like Bitcoin.