A Solana wallet is essential to store and manage your SOL and Solana-based tokens securely. However, selecting the right one involves considering various factors. This article outlines the top options, detailing their key features, advantages, disadvantages, and costs. Additionally, it details the ideal search criteria to help you identify the wallet that best fits your needs.
Methodology
BeInCrypto carefully chose wallets for Solana, prioritizing security, user experience, and trading and storage capabilities for SOL. Our assessment criteria focused on the wallets’ functionality, robust security features, ease of navigation, support for a broad range of cryptocurrencies, NFT integration, and the quality of customer service. Our product teams dedicated six months to rigorously testing each wallet, which led to the following findings:
Phantom
- Phantom enhances security through user-friendliness combined with Ledger integration.
- It supports a wide ecosystem, including Ethereum and Polygon, connecting users to leading Solana DApps and NFT markets.
- The wallet also offers straightforward token swap functionality for convenience.
Solflare
- Solflare ensures asset safety with its platform-wide compatibility and innovative security features.
- It enables secure cross-chain operations and includes a preventive staking system to protect users’ investments.
- Future expansions are planned through integration with the Solrise investment platform.
Exodus
- Exodus is known for its sleek design, strong security features, and seamless integration with Solana DApps.
- It partners with Everstake to offer its users a secure staking process.
- The wallet is committed to providing excellent user support and regular updates for efficient asset management.
Atomic Wallet
- Atomic Wallet is designed for beginners, focusing on secure staking and storage for NFTs across multiple blockchains.
- It features a secure, decentralized Atomic Swap exchange for direct cryptocurrency trading.
Math Wallet
- Math Wallet delivers security through its Ledger integration and allows users to choose from validators for safe staking.
- It has extensive tools, including MathGas for gas tracking and a comprehensive DApp store for enhanced functionality.
Coinbase Wallet
- Coinbase Wallet is ideal for DeFi beginners, offering a secure and intuitive platform through integration with the Coinbase exchange.
- It simplifies cryptocurrency transactions and gives users easy access to DeFi and NFT markets.
Glow Wallet
- Glow Wallet is designed specifically for iPhone users and integrates features like Safari and iCloud backups for enhanced security.
- It also offers a fee-free swap functionality and supports secure NFT gallery and marketplace listings.
Ledger Wallet
- Ledger Wallet provides affordable security options, and the user-friendly Ledger Live app supports easy management.
- It enhances user safety with a PIN code and recovery phrase and is compatible with various Solana wallets for versatility.
Trust Wallet
- Trust Wallet supports over ten blockchains with a mobile-centric design for secure, on-the-go management.
- It is ideal for managing Solana assets and engaging with DApps in a secure crypto environment.
Ellipal: Titan Wallet
- The Ellipal Titan Wallet features a smartphone-like interface with QR code scanning for secure transactions.
- It offers air-gapped security with two-factor authentication and a self-destruction option for maximum asset protection.
NGRAVE ZERO Wallet
- NGRAVE ZERO Wallet provides unparalleled security with biometric access and a completely offline, air-gapped setup.
- It is targeted at investors seeking the highest level of security for their crypto holdings.
Slope Wallet
- Slope Wallet provides a user-friendly platform for Solana NFT collectibles, supporting secure access across multiple devices.
- It appeals to NFT enthusiasts with its secure and accessible design across blockchains.
CLV Wallet
- CLV Wallet is an open-source option that offers robust security and supports networks like Ethereum and Polkadot.
- It features an easy-to-use browser extension, facilitating secure access to various decentralized applications.
For further details on BeInCrypto’s verification methodology, follow this link.
- Best Solana wallets in March 2024
- 1. Coinbase Wallet
- 2. Exodus
- 3. Ledger Wallet
- 4. Atomic Wallet
- 5. Math Wallet
- 7. Glow Wallet
- 8. Solflare
- 9. Trust Wallet
- 10. Ellipal: Titan Wallet
- 11. NGRAVE ZERO Wallet
- 12. Slope Wallet
- 13. CLV Wallet
- Solana wallets compared
- What are Solana wallets?
- How do Solana wallets work?
- How to choose the best Solana wallet
- Pros and cons of self-custody
- Hardware wallets that support Solana
- Which Solana wallet is best for staking SOL?
- Which Solana wallet is best for trading SOL?
- Best Solana wallet for storing and trading NFTs
- Solana wallet security tips
- Unlocking the potential of Solana wallets
- Frequently asked questions
Best Solana wallets in March 2024
1. Coinbase Wallet
Coinbase Wallet is a non-custodial wallet that allows you to access your crypto holdings on Solana, Ethereum, Bitcoin, and other blockchains, including layer-2 networks. It’s accessible both on desktop and mobile. The wallet integrates with hardware wallets such as Ledger and connects with various DeFi apps.
Because Coinbase Wallet is compatible with the Coinbase exchange, users can buy, sell, and transfer crypto assets between both accounts. For newbies, Coinbase Wallet presents a user-friendly option for interacting with DeFi.
- Easy to use
- Supports several leading chains
- Intuitive in-app trading and swaps
- Not open-source
2. Exodus
Exodus is a non-custodial multichain wallet that enables users to hold a range of digital assets, including BTC, ETH, and SOL. Users can access it on desktop, browser, and mobile apps, it supports staking and swapping, and has an integration with the Trezor hardware wallet.
Exodus is known for its sleek design, responsive customer support via email and chat, user-friendly interface, and regular updates.
Since the Solana Wallet Adapter integrates with the Exodus Mobile app, users can connect their Solana DApps to Exodus. Additionally, Exodus boasts its third-party staking API provider Everstake, making the staking process more straightforward.
- Cheaper transactions on Solana Pay
- No staking fees when utilizing Solana on Exodus
- No two-factor authentication (2FA)
3. Ledger Wallet
Ledger Wallet is a popular hardware wallet that supports multiple cryptoassets and chains, including Bitcoin, Ethereum, and Solana. The wallet integrates with different software wallets, elevating its functionality and allowing users to send/receive, trade, and manage their cryptoassets, including Solana (SOL).
The hardware wallet stores crypto holdings offline, protecting funds from hackers. Users can use this wallet as their primary wallet, staking cryptoassets through the available extensions.
Ledger offers investors a relatively affordable rate for a hardware wallet, which comes with the user-friendly Ledger Live app. Ledger Live helps users manage their crypto holdings and transactions on a desktop.
Ledger Wallet integrates with several Solana wallets, such as Phantom and Solflare. Moreover, stakers can select their Solana validators from the list available. Meanwhile, the wallet has a PIN code, which provides an additional security level, while a 24-word seed phrase will help recover cryptoassets in case the device is lost.
Ledger Wallet is available in three models: Ledger Nano X, Nano S Plus, and Stax.
- High security
- Affordable models, e.g., Ledger Nano X, which comes at an entry-friendly price
- Comprehensive support for software wallets like Phantom and Solfare
- Not free
4. Atomic Wallet
Atomic Wallet is available across all devices and has a user-friendly interface. This multichain wallet lets users trade, swap, and stake an expansive range of cryptoassets, including Solana (SOL). The wallet is available both as a desktop and mobile app.
Simple Atomic Wallet’s design is beginner-friendly. Apart from SOL, investors can stake other proof-of-stake (PoS) coins and store their Solana, Ethereum, or BNB Chain NFTs in Atomic Wallet.
Atomic Wallet also operates a crypto exchange known as Atomic Swap, which they claim is decentralized and allows swapping cryptoassets without a middleman.
- Supports over 1,000 cryptoassets
- Offers a range of staking opportunities
- No integration with cold wallets
- Doesn’t support multi-signature permissions or two-factor authentication
5. Math Wallet
Math Wallet is a multi-purpose web3 application that supports many blockchains, including popular ones like Ethereum and Polygon. Users can stake SOL and other cryptos, perform DeFi (decentralized finance) activities, and navigate DApps on different networks.
Math Wallet is available on desktop and mobile.
One notable aspect of Math Wallet is its extensive features. It also allows stakers to choose between several validators, offers Ledger integration, and features MathGas, a gas price tracker for supported cryptos, and MathVault, a staking pool. It also provides a DApp store.
- Demo account helps new users learn without losing funds
- Works on more than 100 chains, including Bitcoin and Ethereum
- All-in-one wallet, DApp store, and staking application
- It’s custodial, meaning you don't own your private keys.
7. Glow Wallet
Glow Wallet is a user-friendly Solana wallet designed primarily for iOS, though it’s now also available on Android and as a browser extension. Glow Wallet enables users to trade, send/receive, and earn rewards by staking SOL or burning spam tokens.
Glow Wallet features several iPhone-specific functionalities like Safari mobile integration and iCloud backups. Users can display their NFTs in a gallery and list them in marketplaces like Magic Eden without switching wallets. They can also swap coins with no fees.
- Tailored for NFT holders and iPhone users
- Allows users to burn received spam tokens and earn SOL
- Mainly designed for iOS
- No multi-chain support
8. Solflare
Solflare is another popular non-custodial Solana wallet with a browser extension and a mobile app. Like Phantom, it enables you to buy Solana and supports token swapping, SOL staking, NFT storage, and HD wallet integration (Ledger).
Solflare works on more platforms and boasts unique features. Additionally, Solflare supports bridging operations with other chains, integrates Solana DApps with the MetaMask wallet, and is Solana-Pay-compatible (a payment network).
Solflare’s staking system prevents users from staking all their tokens, which may help avert challenges related to accessing staked tokens in the future. A possible integration with the Solrise investment platform is also in the works.
- Seamless access to the Solana ecosystem
- Potential investment platform integration
- No multi-chain support
9. Trust Wallet
Trust Wallet is a platform with an intuitive interface that helps users trade, earn, and manage SOL. Additionally, Trust Wallet allows you to manage NFTs and explore DApps.
The multichain wallet facilitates the exploration of other digital assets and supports Bitcoin, Solana, Ethereum, and Polygon, among others. This wallet is available on iOS, Android, and as a Chrome extension.
Trust Wallet facilitates exploration into 10+ blockchains. Moreover, its mobile-centric design provides convenience by allowing users to manage their Solana assets on the go. Users also enjoy interaction with DApps on the Solana network. This non-custodial wallet is a great option for investors with diverse cryptoasset holdings since it supports multi-currency wallets and other blockchains.
- Beginner-friendly user interface
- Supports a wide array of digital assets
- Seamless interactions with Solana NFTs and the DeFi ecosystem
- Browser extension only available for Chrome
10. Ellipal: Titan Wallet
Ellipal Titan Wallet is a hardware wallet for managing a wide range of digital assets. It is user-friendly for new and experienced users looking to invest in cryptocurrency, stake, make transfers, and exchanges.
The wallet also has its own iOS and Android apps and supports NFTs.
This wallet acts more like a smartphone than a regular hardware wallet. It boasts a touchscreen and lets you scan a QR code to authorize private transactions.
Ellipal Titan’s air-gapped hardware wallet security is an option for investors seeking to protect their cryptoassets against hacking. It allows two-factor authentication and automatic self-destruction. You can also connect the mobile app to third-party wallets like MetaMask.
- High level of security
- Comprehensive support for 10,000+ tokens and coins
- Quite pricey
- Lacks a web interface and desktop app
11. NGRAVE ZERO Wallet
NGRAVE Zero is a Solana wallet with a user-friendly interface and sleek look. The hardware wallet supports multiple cryptoassets, including SOL, BTC, and ERC-20 tokens. Users can also receive funds, make transactions, and explore NFTs.
It boasts security features like biometric access and a fully offline setup with complete air-gapped operation. The latter means it doesn’t come into contact with the internet or network connections like bluetooth. This wallet is another option for investors seeking security for their crypto holdings.
- Excellent security features
- Built using military-grade materials
- Comes with NGRAVE LIQUID, an app that commences, manages, and signs transactions
- Expensive
- Limited functionality in terms of asset support and DApp integrations
12. Slope Wallet
Slope Wallet is a non-custodial wallet that supports Solana and other networks. While it’s mobile-first, it allows for web integration and is accessible on Chrome Extension. The web3 wallet supports SOL, SPL tokens, token swaps, Solana DApps, and NFTs.
Slope Wallet offers a user-friendly interface for a cross-blockchain user. Another notable feature is the appealing interface for displaying Solana NFT collectibles and support for multiple devices.
- Seamless access to the Solana ecosystem
- Accessible on mobile and browser extension
- Enhanced security measures required to curb vulnerabilities
13. CLV Wallet
CLV Wallet works on mobile devices, desktops, and web browsers. In addition to Solana, it connects to Ethereum, Polkadot (DOT), BNB Smart Chain, and integrates DeFi applications.
CLV users can send, receive, wrap, and unwrap cryptoassets in a non-custodial setting. The wallet offers users multichain DApp support, internal swap, and NFT support.
Clover is an open-source wallet. Clover’s MetaMask-like browser extension wallet provides integrated support for many networks, including Ethereum, Polkadot, and Avalanche.
- Offers cross-chain DeFi utility
- No hardware wallet integration
Solana wallets compared
| Wallet | Staking | Swap | NFT support | Customer support | Hardware wallet integration | Support for other chains | Interface |
| Phantom | Yes | Yes | Yes | Chatbot, Ticket, Social Media | Yes | Yes | Mobile, Browser Ext. |
| Solflare | Yes | Yes | Yes | 24/7 Live chat | Yes | No | Mobile, Browser Ext. |
| Exodus | Yes | Yes | Yes | E-mail, Social Media | Yes | Yes | Mobile, Browser Ext. |
| Atomic | Yes | Yes | Yes | Email, Social Media | No | Yes | Mobile, Browser Ext. |
| Math | Yes | Yes | Yes | Phone, App | Yes | Yes | Mobile, Browser Ext. |
| Coinbase | Yes | Yes | Yes | Email, Live chat, Twitter | Yes | Yes | Mobile, Browser Ext. |
| Glow | Yes | Yes | Yes | Yes | No | MobileBrowser Ext. | |
| Ledger | Yes | Yes | Yes | Email, Social Media | Yes | Yes | Mobile, Desktop |
| Trust Wallet | Yes | Yes | Yes | Social Media, Submit a ticket online | Yes | Yes | Mobile, Browser Ext. |
| Elipall Titan | Yes | Yes | Yes | Twitter, Social Media, Email | Yes | Yes | Mobile |
| NGRAVE ZERO | Yes | No | Yes | Email, Social Media | Yes | Yes | Mobile |
| Slope | Yes | Yes | Yes | Email, Chat | Yes | Yes | Mobile, Web |
| CLV Wallet | Yes | Yes | Yes | Facebook, Twitter, Email | No | Yes | Mobile, Browser Ext. |
What are Solana wallets?
Solana is a major blockchain ecosystem ($65+ billion in market capitalization). The layer-1 public chain boasts faster transaction speeds and lower fees than Ethereum.
Launched in March 2020, Solana’s value has fluctuated sharply, with BeInCrypto’s in-house Solana price prediction forecasting highs of up to $876 by 2035.
Generally, a crypto wallet is a software or hardware that permits a wallet owner to send and receive tokens and/or interact with web3 decentralized applications (DApps).
A Solana wallet is a unique crypto wallet that stores SOL, Solana’s native coin. It also facilitates the transfer of tokens issued on this blockchain.
It supports DeFi activities on the Solana blockchain, including swapping, staking, and bridging. It can be a software (hot) or hardware (cold) wallet. The distinction between hot vs cold wallets lies in their nature: cold wallets are physical devices, whereas hot wallets are digital, existing as browser extensions and apps.
Hardware wallets are usually more secure and are only sometimes connected to the internet. Conversely, software wallets remain connected to the internet, offering easy access and convenience.
Since cryptoassets typically reside on a blockchain, Solana hardware wallets don’t store cryptoassets. Instead, they keep the private keys that provide access to your SOL, helping you safeguard the private keys from hackers.
How do Solana wallets work?
Solana wallets store your private keys, which give you access to your SOL, Solana Program Library (SPL) tokens, and any Solana-based NFTs. Transferring funds between Solana wallets is straightforward. You paste the Solana wallet address you are sending to, select the amount, and click send.
To send Solana, you sign a transaction using your private keys. The transaction includes the token amount and the destination address. This transaction is broadcasted to the Solana network, verified, and then added to the next block on the blockchain.
How to choose the best Solana wallet
Aside from robust security, a good Solana wallet should have several essential features. To select the best Solana wallet, go for one with the below characteristics:
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- User-friendliness: A great user interface allows users to navigate the site easily and experience intuitively, making it suitable for beginners and well-versed users.
- Multifunctional: You want a wallet that facilitates multiple uses, including buying, storing, native swapping and staking, and DApp connectivity.
- Multi-blockchain support: Consider getting a wallet that supports different blockchains. This feature lets you hold all your crypto in one wallet while enabling interaction with other wallets and blockchains.
- DApp connectivity: A wallet should allow you to interact with NFTs, DApps, and DeFi on the Solana ecosystem. Therefore, go for one that connects to popular marketplaces and exchanges.
- Device compatibility: Opt for a wallet accessible on multiple devices and platforms. This includes mobile, desktop, and web browser extensions. A mobile-friendly wallet promotes on-the-go transactions and facilitates payments through QR codes.
- Regular updates: Frequent updates ensure your wallet stays up-to-date, eliminating bugs and minimizing vulnerabilities.
- Price: Most wallets allow free access, though some wallets may charge fees for services like swapping, which might affect your returns.
Pros and cons of self-custody
While self-custody wallets offer crypto investors higher control over their digital assets, they demand increased responsibility. Below are their advantages and disadvantages.
Pros
- Self-custody wallets typically charge lower transaction fees than custodial wallets
- They boost ownership and control since you own your crypto’s private keys
- There’s increased privacy since you don’t have to share your personal details with third parties
Cons
- You are solely responsible for the security of your assets. Hence, losing your keys means losing your crypto
- Managing a self-custody wallet requires a deeper understanding of crypto security
- Users may experience limited customer support, unlike with centralized exchanges
Hardware wallets that support Solana
Hardware wallets (cold storage) mitigate against online attacks, including hacks, because the device stays offline. They are ideal for investors with considerable crypto holdings or those desiring long-term storage. The best hardware wallets that support Solana are Ledger, Ellipal, and NGRAVE.
Multichain wallets
The best multichain wallets that support Solana tokens include Phantom, Solflare, Glow, Exodus, Atomic, Math, Trust Wallet, and Coinbase Wallet. These wallets support wallets from other chains, such as Ethereum and Polygon.
Which Solana wallet is best for staking SOL?
Phantom is arguably the best Solana Wallet for staking SOL. The wallet streamlines the staking process, making it easy and straightforward. All you need to do is access the Solana token balance in your Phantom wallet, choose the “Start earning SOL” button, and select a validator. After specifying the staking amount, click the “Stake” button to finalize the process.
Which Solana wallet is best for trading SOL?
Solflare is arguably the best Solana wallet for trading SOL. The popular Solana wallet supports many Solana-based assets, making token swapping easy. Moreover, Solflare can be connected to MetaMask to interact with DApps and supports bridging to other blockchains, providing a range of features for traders.
Best Solana wallet for storing and trading NFTs
NFT collectors looking for the best Solana Wallet to store and trade NFTs will like Solflare. The user-friendly wallet seamlessly stores your Solana NFT collection in one place. If you are a MetaMask user, you can also manage your NFTs via the Snap interface since Solflare integrates with MetaMask.
Solana wallet security tips
Follow these crypto wallet security best practices to prevent theft or online attacks:
- Select a reputable wallet. Conduct thorough research to ensure your solution provider is trustworthy and their service secure.
- Opt for a cold wallet: Cold wallets like Ledger keep your digital assets offline, making it harder for attackers to gain access.
- Store your recovery code safely: Write down your passphrase and safely store the paper. The recovery code grants you access to your holdings if you lose access to your account.
- Get a multi-signature wallet: A multisig wallet provides additional security. It entails using multiple signatures to validate a transaction. Investors considering Solana-based projects can capitalize on wallets like Liminal and Cashmere to ensure secure crypto storage.
Unlocking the potential of Solana wallets
The Solana ecosystem offers crypto investors numerous opportunities. Users can buy NFTs, stake, receive, swap, or transact tokens, and interact with the multiple DApps on the chain. The right wallet is crucial as it aids in securing, transacting, and effectively managing SOL tokens. Moreover, it allows you to engage in DeFi activities.
Choose the best Solana wallet based on your needs. Whether you seek security, ease of use, or multi-chain support, there’s a wallet that will work for you. Leverage this comprehensive Solana wallet review to select the most suitable home for your digital assets.
Frequently asked questions
What happened to Sollet?
What’s the best Solana wallet app?
Can you mine Solana?
Can I use MetaMask for Solana?
Is there an official Solana wallet?
What wallets are the best for Solana?
What wallets support Solana Pay?
How do I get a Solana wallet?
Can I store Solana on Trust Wallet?
Is Phantom a Solana wallet?
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