A list of ER20 Compatible Wallets Perfect for Airdrops & ICOs

If you've been following my posts on airdrops you may have wondered what exactly an ER20 or ERC-20 Wallet is, as I've mentioned it numerous times but never actually discussed what it is.

Ethereum has been the blockchain of choice when it comes to ICOs and these wallets allow for interaction with the Ethereum blockchain. Token sales require this so that the network can properly interact with smart contract functions, such as transferring tokens or participating in an ICO (Initial Coin Offering).

What is An ERC20 token and wallet

So you’ve probably heard the term ERC20 Token thrown around when it comes to airdrops and ICOs, especially in the wake of the recent boom in ICO funded blockchain start-ups.

ERC stands for Ethereum Request for Comments. This is an official protocol for proposing improvements to the Ethereum network. '20’ is the unique proposal ID number.

ERC20 defines a set of rules which need to be met in order for a token to be accepted and called as 'ERC20 Token'. The standard rules apply to all ERC20 Tokens since these rules are required to interact with each other on the Ethereum network.

These tokens are blockchain assets that have value and can be sent and received, like Bitcoin, Litecoin, Ethereum, or any other cryptocurrency.

Known ERC-20 Compatible Wallets:

There is a range of ER20 wallets available all with their own pros and cons.

MyEtherWallet RECOMMENDED

This wallet is available as a web wallet as well as a chrome extension

Create one here

MetaMask RECOMMENDED

This wallet is available as a web wallet as well as a chrome and firefox browser extension

Mist

This wallet is avialable as a desktop application and can be downloaded here

Parity (Desktop)

This wallet is available as a desktop application and can be downloaded here

imToken

This wallet is available for both iOS and Android devices and for more you can check out their site here - https://token.im/

Trust

This wallet is available for both iOS and Android devices and for more you can check out their site here - https://trustwalletapp.com/

Cipher

This wallet is available for both iOS and Android devices and for more you can check out their site here - https://www.cipherbrowser.com/

DO NOT USE:

Do not use popular hot wallets that have Ethereum based wallets, they do not have token capture capabilities and you will not be able to recover tokens sent to these addresses.

• Jaxx
• Exodus
• Any wallet on an Exchange-like Bitrexx, HitBTC, Coinbase, Binance, Kucoin etc

Any questions?

If you have any questions please feel free to drop me a comment, I'm always happy to help

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