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5 Best Worldcoin (WLD) Wallets in 2024

15 mins
Updated by Ish Bautista
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Worldcoin is an ambitious project with a groundbreaking approach to digital identity. It aims to leverage state-of-the-art iris scan technology to offer users a unique and secure way to participate in the digital economy without compromising their privacy. If you are also intrigued and want to invest in Worldcoin, you will need a Worldcoin wallet (any crypto wallet that is WLD-compatible) to start with. This guide will help you find the best Worldcoin wallets in 2024, considering security, ease of use, and features.

Methodology

What are the best Worldcoin wallets?

While most Worldcoin wallets come with more or less the same set of features, the best choice for you depends on your priorities. The following is a rundown of some top options to consider.

Coinbase Wallet

User-friendly crypto storage & DeFi
Custody
Non-custodial
NFT support
Yes
Multi-chain support
Extensive
Platforms
Android, iOS, browser extension.

MetaMask

An ideal wallet to buy, swap & store crypto
Custody
Non-custodial
NFT support
Yes
Multi-chain support
No direct access, can integrate with bridging services
Platform
Android, iOS, browser extension

OKX Wallet

Trade, store, and manage crypto in one place
Custody
Non-custodial
NFT support
Yes
Multi-chain support
Yes
Platforms
Android, iOS, browser extension

Trust Wallet

A secure haven for buy, swap & store crypto
Custody
Non-custodial
NFT compatibility
Yes
Multi-chain support
Yes
Platforms
Android, iOS

Wirex Wallet

Best for user-friendly and secure WLD storage
Wirex.com
Wirex.com
Custody
Non-custodial
NFT-compatibility
Yes
Cross-chain support
Yes
Platforms
Android, iOS

What to look for while selecting a Worldcoin wallet

If you are looking for a Worldcoin wallet, you’ll want to prioritize user-friendliness. An intuitive interface is crucial. After all, you want your self-custodial wallet to be able to offer you a smooth, hassle-free user experience, not a navigational nightmare. 

Security features should be closely followed on your “must-have” list. Ideally, your wallet should have key features, including two-factor authentication (2FA), multi-signature options, and even hardware wallet support. These are the absolute minimums that you should not compromise on. Wallets like MetaMask and Trust Wallet — as well as the other wallets mentioned in this guide — stand out in all those aspects.

Don’t overlook the wallet’s track record, either. A storied history of reliability can go a long way toward ensuring your peace of mind.

Accessibility to liquidity is another key consideration; ensure the wallet can facilitate quick exchanges and transactions. It’s also wise to dive deeper and check for DeFi and NFT compatibility — these could be the winds propelling your investment journey to new horizons. And yes, check if the wallet supports cross-chain support. This feature can significantly expand your trading/investment strategy by allowing you to effortlessly traverse various blockchain territories — without limitations.

Wallets like MetaMask and Trust Wallet, as well as the other wallets mentioned in this guide, stand out in all those aspects.

Pros and cons of using self-custodial wallets to store Worldcoin

Self-custodial wallets, also known as non-custodial wallets, are digital wallets that give users full control over their private keys and, consequently, their crypto stash.

In the context of Worldcoin (WLD), or for that matter, any other crypto, using a self-custodial wallet presents both advantages and disadvantages. These wallets offer a higher level of security and privacy compared to custodial wallets operated by third parties. Users have complete control over their funds, and no external entity can access or freeze their assets without their consent.

Furthermore, one of the core principles of cryptocurrencies like Worldcoin is decentralization. Self-custodial wallets align with this principle by eliminating the need for a centralized authority to manage users’ funds. Additionally, by holding their private keys, users have true ownership and responsibility over their Worldcoin assets.

However, with great power comes great responsibility. While self-custodial wallets offer greater control, they also place the burden of security and asset management entirely on the user. Losing or compromising private keys can result in permanent loss of funds, as there is no central authority to recover them. 

Managing self-custodial wallets can be more complex than using custodial wallets, especially for those with limited technical knowledge. This may deter some users from adopting these wallets. Also, in the event of technical issues or lost funds, users of self-custodial wallets have limited support options.

Considering these factors, you should carefully evaluate your technical expertise and risk tolerance. Also, understand the responsibilities that come with managing your own private keys when considering self-custodial wallets for storing Worldcoin (WLD).

How to create a Worldcoin wallet?

It’s simple — you follow the same procedures that you follow while creating any other crypto wallet. Let’s use the Coinbase Wallet (browser extension) to demonstrate.

Step 1: Download the Coinbase Wallet extension if you have not done so already.

Worldcoin wallets

Step 2: Once you add it to your browser, access the extension. It will prompt you to create a new wallet or link an existing one. Here, we will be creating a new wallet from scratch. Just hit the “Create New Wallet” button.

create new wallet

Step 3: Up next, the Wallet will create a 12-word seed phrase for you. You have to save this secret seed phrase somewhere. Remember, if you lose this seed phrase, you may irretrievably lose access to the wallet and its funds. 

seed phrase

Step 4: Once you move on to the next screen, the wallet will ask you to confirm that you have saved the seed phrase somewhere secure. Once you confirm, it will prompt you to create a password and then a unique username.

Step 5: That’s it — after you have created your password and username, your wallet is ready for transactions. As you can see in the screen below, you can send and receive Worldcoin (WLD) by selecting an appropriate option from the main menu.

add crypto

Remember, the steps described here are more or less consistent across all platforms. However, expect a few variations depending on your wallet and/or platform.

The double-edged sword of self-custody

The wallets discussed above are some of the best options available for securely storing your WorldCoin (WLD) holdings, as per BeInCrypto’s findings. However, it’s crucial to exercise caution when exploring these non-custodial wallet solutions. Since you retain full control over your private keys, the responsibility of safeguarding your digital assets lies squarely on your shoulders.

And as always, ultimately, the decision to entrust your WorldCoin holdings to a particular non-custodial wallet should be made after careful consideration of your technical expertise, risk tolerance, and overall comfort level with managing your private keys.

Frequently asked questions

What wallet supports Worldcoin?

Does MetaMask support Worldcoin?

Does Trust Wallet support Worldcoin?

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Shilpa Lama
Shilpa is a Highly experienced freelance Crypto and tech journalist who is deeply passionate about artificial intelligence and pro-freedom technologies such as distributed ledgers and cryptocurrencies. She has been covering the blockchain industry since 2017. Before her ongoing stint in tech media, Shilpa was lending her skills to government-backed fintech endeavors in Bahrain and a leading US-based non-profit dedicated to supporting open-source software projects. In her current...
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