Creating an Ethereum wallet is as easy as installing software on your mobile device or laptop/desktop. When you install the app, your Ethereum wallet is automatically created. You can then receive ether (ETH) to your wallet immediately, store it safely, and use it as you please.
Use the multichain Bitcoin.com Wallet app, trusted by millions to safely and easily send, receive, buy, sell, trade, and manage Bitcoin (BTC), Ether (ETH), and the most popular cryptocurrencies. Since the Bitcoin.com Wallet app provides full support for the Ethereum network, you can use it to access thousands of dAPPs, enabling use cases like lending & borrowing, staking, web3 games, financial derivatives, and many more.
Why do I need an Ethereum wallet?
Centralized cryptocurrency exchanges are a popular place for many newcomers to buy their first ETH. However, when you buy ETH on a cryptocurrency exchange, the exchange retains control over your ETH. Not only does this expose you to the risk of the exchange getting hacked or going bankrupt, it also means you have to ask for permission to withdraw your ETH, wait longer to withdraw, and generally pay higher transaction fees for withdrawals. Furthermore, by holding your ETH on a centralized exchange, you won't be able to put it to use in the wide range of dApps available on the Ethereum network. Cryptocurrency exchanges are best used only for trading-not for storing or using your ETH.
Read more: What is ETH used for?
