When managing ERC20 digital assets, choosing the right wallet is crucial. The article provides a detailed overview of different types of ERC20-compatible wallets, including custodial wallets, non-custodial wallets, hot wallets, and cold wallets, and compares some mainstream products such as MetaMask, Ledger Nano X, and Trust Wallet. It also discusses the market performance of Ethereum as an important underlying asset, and finally offers practical guidelines for selecting and using wallets, emphasizing the balance between security and user habits.