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13 Best Solana (SOL) Wallets To Consider In March 2024

17 mins
Updated by Maria Petrova
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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

Best Solana wallets in March 2024

1. Coinbase Wallet

Best for beginners in web3
Custody
Non-custodial
Platforms
Android, iOS, browser extension.
Wallet type
Hot wallet, Software

2. Exodus

Best for versatility
Custody
Non-custodial
Platforms
Windows, iOS 12 or higher, Android 8.0 Oreo or higher, browser.
Wallet type
Hot wallet, Software

3. Ledger Wallet

Best hardware wallet for beginners
Custody
Non-custodial
Platforms
iOS, Android, MacOS & Windows compatibility.
Wallet type
Cold wallet, Hardware

4. Atomic Wallet

Best for staking
Custody
Non-custodial
Platforms
Windows, MacOS, Android, iOS
Wallet type
Cold wallet, Software

5. Math Wallet

Best for versatility
Custody
Non-custodial
Platforms
Android and iOS, has an extension for desktop browsers
Wallet type
Hot wallet, Software

7. Glow Wallet

Best for iOS
Custody
Non-custodial
Platforms
Desktop browser extension, iOS 15.0 or later, Android
Wallet type
Hot wallet, Software

8. Solflare

Best for experienced users
Custody
Non-custodial
Platforms
OS and Android, browser
Wallet type
Hot wallet, Hardware

9. Trust Wallet

Best user experience
Custody
Non-custodial
Platforms
Android, iOS

Wallet type
Hot wallet, Software

10. Ellipal: Titan Wallet

Best air-gapped wallet
Custody
Non-custodial
Platforms
Android, browser, iOS
Wallet type
Cold wallet, Hardware

11. NGRAVE ZERO Wallet

Best for enhanced cold wallet security
Custody
Self-custody
Platforms
iOS or Android
Wallet type
Cold wallet, Hardware

12. Slope Wallet

Best for Solana DeFi
Custody
Non-custodial web wallet
Platforms
Android, iOs, browser
Wallet type
Hot wallet, software

13. CLV Wallet

Best for multi-chain DeFi
Custody
Non-custodial
Platforms
Android, iOs, browser
Wallet type
Hot wallet, Software

Solana wallets compared 

WalletStakingSwapNFT supportCustomer supportHardware wallet integrationSupport for other chainsInterface
Phantom YesYesYesChatbot, Ticket, Social MediaYesYesMobile, Browser Ext.
SolflareYesYesYes24/7 Live chat YesNoMobile, Browser Ext.
ExodusYesYesYesE-mail, Social MediaYesYesMobile, Browser Ext. 
AtomicYesYesYesEmail, Social MediaNoYesMobile, Browser Ext. 
MathYesYesYesPhone, AppYesYesMobile, Browser Ext.
CoinbaseYesYesYesEmail, Live chat, TwitterYesYesMobile, Browser Ext.
GlowYesYesYesEmailYesNoMobileBrowser Ext.
LedgerYesYesYesEmail, Social MediaYesYesMobile, Desktop
Trust WalletYesYesYesSocial Media, Submit a ticket onlineYesYesMobile, Browser Ext. 
Elipall TitanYesYesYesTwitter, Social Media, EmailYesYesMobile
NGRAVE ZEROYesNoYesEmail, Social MediaYesYesMobile
SlopeYesYesYesEmail, ChatYesYesMobile, Web
CLV WalletYesYesYesFacebook, Twitter, EmailNoYesMobile, 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. 

SOL one-year price history: BeInCrypto
SOL one-year price history: BeInCrypto

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:

  • 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 

crypto wallet privacy security web3 person hand phone

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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Alex Lielacher
Alex Lielacher is the founder & CEO of Rise Up Media, a content marketing agency that works with a range of bitcoin businesses. He first came across bitcoin in 2011 and has worked full-time in the cryptocurrency industry since 2016. Alex started his career in the banking industry in London, working in bond trading and sales. After a little over half a decade, he swapped his seat on the trading floor for a spot in cafés around the world, where he started his career as a freelance...
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