As the saying goes, a rising tide lifts all boats. The steady climb of decentralized finance (DeFi) and the increasing demand for the utility of decentralized applications (DApps) has given rise to Fantom. As a smart chain-enabled blockchain, it offers a fast yet secure and scalable solution derived from its unique consensus mechanism — Lachesis. Essentially, the Fantom network allows easy development of crypto assets and DApps with supposedly easier-to-integrate solutions, offering an alternative to Ethereum. So, what is a Fantom wallet?
Well, while the Fantom Network offers developers the flexibility to design their own DApps and networks, they must also utilize the network’s native currency, Fantom (FTM), for all transactions. To securely store and manage FTM tokens, you need a Fantom wallet. Here are our best picks.
BeInCrypto Trading Community in Telegram: read reviews on the best crypto wallets & cards, read technical analysis on coins & get answers to all your questions from PRO traders & experts!
Methodology: How did we choose the best FTM wallets?
This piece helps locate the best wallets to buy, hold, and store FTM tokens. We tested each as the primary crypto wallet for anywhere between 3 to 6 months tested FTM swaps, security standards, staking capabilities, and more.
Here is what we found:
Ledger Nano X for securely storing FTM
Ledger Nano X helps store and manage FTM holdings with ease. Nano X supports FTM swapping and transaction with relevant Dapps. As a hardware wallet, security, courtesy of the impeccable design choice, is top-notch. Direct FTM staking via the fWallet is also available.
Coinbase wallet for your Fantom Dapps
Coinbase wallet is compatible with the native Fantom network, letting move the FTM tokens to the relevant DeFi apps. Plus, with the Coinbase wallet, you can seamlessly link Fantom’s Opera network and even indulge with several FTM Dapps for swapping, lending, earning, and doing more with the tokens.
OKX wallet to explore the Web3 side of FTM
With OKX wallet, you can use FTM holdings to interact with Dapps, getting a feel of the Web3 ecosystem. Cross-chain compatibility exists allowing you to swap FTM with other assets. There are direct staking options available as part of OKX Earn, followed by the inclusion of potent security implementations like KYT integration.
fWallet for native FTM support
fWallet happens to be the native Fantom wallet that is compatible with the likes of Ledger and more. fWallet supports direct token integrations and swaps, Dapp interactions, and multi-address management to reduce risk exposure.
Fantom network Dapps with Metamask
Metamask is one of the few FTM-compatible wallets to support cross-chain asset movement to Ethereum at a low fee. The wallet also supports Fantom-specific smart contract transactions. Adding FTM mainnet to Metamask is also possible, for Dapp interactions.
Storing FTM with the Trust Wallet
Trust Wallet lets you do more with your FTM tokens. It boasts native Fantom support, easily sending and receiving tokens. There are nifty security enhancements like the Encrypted Cloud Backup and Security Scanner. Trust Wallet also lets stake and earn directly using FTM, with APY levels going as high as 12%.
Exodus wallet for storing and HODLing FTM
Exodus lets you store, swap, and transact using FTM, courtesy of the mainnet support. It extends support to over 100 cryptocurrencies for exchanging with the Fantom token. Getting started ASAP is possible, as setting up this wallet doesn’t require KYC verification.
Math Wallet and your FTM reserves
Math wallet lets you interact with 50+ blockchains and move 3000+ tokens, including FTM. Also, it is the first third-party wallet to extend support to the Fantom mainnet, also allowing Dapp integrations. Plus, the interface is such that even mobile users can interact with the Fantom Dapps.
Non-custodial BitKeep wallet for FTM
BitKeep is a multichain and decentralized wallet for FTM. What stands out is the unique security posture, including two-factor authentication and the DESM algorithm for secured storage. It even supports NFTs that you can purchase and transact using FTM tokens and other 45,000+ supported assets.
Each of the mentioned wallets is free of UI glitches and works swimmingly. In case you have your eyes on any of these, we would still recommend independent research.
For additional info on BeInCrypto’s methodology verification , check out this part.
What are the top Fantom wallets?
While there are many Fantom wallet options to choose from, we have narrowed down the list to highlight some of the best ones. We aim to help you decide which Fantom wallet is right for you by discussing the features and benefits of each option.
Ledger Nano X
The Ledger Nano X is one the latest hardware wallets by the Ledger company, introduced in 2019, offering users top-tier security to send and receive coins.
Ledger Nano X, alongside other Ledger products, such as the Ledger Nano S, is one of the most popular and trusted hardware wallets. It is compatible with Windows, Linux, Mac, Android, and iOS devices. It supports more than 5,500+ coins and tokens, including Fantom FTM.
With Fantom Foundation and Ledger’s partnership, Fantom users can use it to access their fWallet and easily stake FTM to earn rewards. The hardware device can also be connected to the MetaMask browser extension wallet to access many DApps on the Fantom network.
-Ledger Nano X works with the Ledger Live app, allowing users to buy, sell, exchange, and lend FTM and other supported assets.
-With the Fantom App, users can receive, store, and send Fantom FTM in Ledger Live.
-Since all transaction details go to the Ledger Live software, users can track their portfolios.
-The Ledger Nano X also provides detailed technical support as well as troubleshooting.
-It has secure Bluetooth capability and a bigger screen making it easier to use than the Nano S.
- Supports over 5500 crypto assets and tokens
- Bluetooth support
- Available on all major desktop and mobile operating systems
- Stores private keys inside the hardware wallet's chip
- Relatively expensive, costing €149
- Bluetooth is only compatible with the mobile app, not desktop
Coinbase Wallet
Coinbase Wallet is a product of the Coinbase exchange, one of the world’s largest cryptocurrency exchanges. It is a non-custodial wallet that uses hot storage. With Coinbase Wallet, users can buy, trade, and earn rewards on cryptocurrency and NFTs without leaving their assets in the custody of a centralized exchange.
Coinbase Wallet offers a secure way to easily store FTM and connect to the Fantom network. The wallet is available as an app or a browser extension with Google Chrome. Additionally, users can connect this wallet to a Ledger hardware wallet via the browser extension.
-Coinbase Wallet supports all FTM tokens and ERC-20 tokens, as well as bitcoin, dogecoin, and litecoin.
-The wallet supports thousands of digital assets, including NFTs. It also has features that include purchases, swaps, and staking directly from the wallet.
-Users can connect to dedicated offline storage devices such as Ledger as a hot wallet.
-Coinbase Wallet has a built-in browser for dApps, making it easy for users to explore different Fantom DApps, such as crypto exchanges, lending platforms, games, and digital collectibles.
- Seamless access to Coinbase, the largest U.S.-based exchange.
- Large selection of supported cryptocurrencies.
- Easy access to staking tools and NFT marketplaces.
- No desktop application
- No 2FA: Coinbase Wallet does not use two-factor authentication or multi-signature support.
- Coinbase Wallet is not completely open source.
Secure your Fantom. Get the Coinbase wallet today!
OKX Wallet
OKX is a secure web3 and a developer-friendly blockchain wallet featuring multichain, security, and decentralization features. With OKX wallet, users can integrate with DApps, securely exchange crypto assets, trade NFTs, and ultimately earn rewards. OkX wallet allows you to earn yield with your Fantom tokens and access its Earn platform that supports Save, Vault, Stake, Pool, Farm, etc., to maximize your DeFi experience.
It is also worth noting that this web3 wallet is backed by the OKX exchange. As a result, it is connected to the KYT system, where scam projects can be detected and prevented. Using the 200 million address labels, the KYT system automatically alerts users based on several risk monitoring tools safeguarding users’ funds.
-Explore the NFT world
-Create and trade your favorite NFTs across Fantom network and other 11+ networks for free
-Track your portfolio performance and transaction history.
- Offers high staking APY's
- Buy/Sell dashboard that's easy to use
- Active customer support available online via chat
- Not available to residents in several countries, including the U.S.
- Fairly complex interface
Don’t skip on security. Secure your FTM with the OKX wallet today!
fWallet
Fantom (FTM) Wallet, fWallet, is the native wallet for the Fantom network. The wallet offers easy ways for users to store and utilize their FTM tokens. Launched by the Fantom Foundation, fWallet allows users to send, receive, stake, and hold FTM.
One exciting feature of fWallet is its multi-address management component, which divides the wallet into three accounts: main, deposit, and withdrawal. This is essentially a security feature that limits the susceptibility of wallets to attacks from wallet address exposure occurring.
-Participate in governance
-Swap tokens: The fWallet has an integrated swap feature, giving you the best prices and liquidity on the market.
-0Bridge FTM: Users can transfer tokens between other chains and Fantom.
-Use the address book: Users can save long and complicated wallet addresses as normal contacts.
- fWallet is a web or mobile wallet
- The multi-address management function reduces the chance of the wallet address being hacked after risk exposure.
- Simple interface
- Access to various wallets within the Fantom Wallet application makes it user-friendly and adds to its overall convenience.
- Only stores FTM and Ethereum tokens making it less flexible to convert to other tokens.
- No 2FA: the password is pretty much the only thing keeping people from hacking the wallet
- Not available on mobile app
MetaMask Wallet
MetaMask is a popular non-custodial wallet that allows users to send, receive, and store FTM cryptocurrency. Although MetaMask primarily interacts with the Ethereum network, you can connect it to DApps that operate on the Fantom blockchain and others EVM-compatible. Users can add Fantom tokens by providing details such as RPC URL, chain ID, and network name.
MetaMask is available as both a mobile app and a browser extension. Supported devices include Android and iOS devices, as well as extensions such as Google Chrome, Mozilla Firefox, Brave, and Microsoft Edge.
Launched in 2016 by New York-based Ethereum development company Consensys, MetaMask is a suitable wallet for users who want to explore the world of NFTs, DeFi, and dApps using a user-friendly wallet.
-MetaMask is available to use on any EVM-compatible blockchain network. On MetaMask, users have access to the following applications.
-A cryptocurrency and NFT storage wallet.
-A Swap feature that allows you to complete crypto-to-crypto transactions.
-A DEX (decentralized exchange) that allows you to buy cryptocurrencies directly on the application through a third-party payment method like Moon Pay and Transac.
-Mobile app so you can make transactions and check your wallet on the go.
-Live support feature available on both mobile application and web extension.
- Supports a wide range of cryptocurrencies, including Fantom and other ERC-20 tokens.
- User-friendly interface – easy to set up
- Uses very little processing power
- Supports NFTs
- Since it is an Ethereum browser-enabled wallet, it has native integration with the vast majority of Ethereum-compatible DApps.
- Users can directly stake and transact within the wallet.
- No support for bitcoin and other fiat currencies, making it pretty difficult to exchange tokens
- Slow customer support
Trust Wallet
Trust Wallet is a non-custodial wallet widely known for its wide range of support for over 1 million cryptocurrencies and 53 different blockchains. Users can store, purchase, and transact FTM tokens of most of the major cryptocurrencies, including bitcoin (BTC), ethereum (ETH), binance coin (BNB), and many different stablecoins with Trust Wallet.
In terms of security, Trust Wallet is considered one of the most secure hot wallets in the world. It protects transactions using military-grade encryption and secures private keys with bank-level security. It adds biometric identification to protect users’ funds. Users can use FaceID, TouchID, or normal passwords to access their wallets. Additionally, since Trust Wallet is owned by Binance, one of the biggest crypto exchanges, it has placed a level of reputation on the wallet’s security.
-Trust Wallet supports millions of digital assets, allowing users to sell, swap, and purchase cryptocurrencies, collect NFTs and explore DApps.
-Trust Wallet launched a browser extension on Nov. 14, 2022, with support for Ethereum, Solana, and all EVM chains like BNB, Avalanche, and Polygon.
-One of the key features of the Trust Wallet is its DApp browser, which allows users to interact with decentralized applications like UniSwap, Compound, Aave, etc.
- Easy to use with intuitive interface
- Free
- Built-in staking
- DApp browser to access NFT marketplaces like OpenSea to view, collect, and exchange NFTs.
- No cold storage
- Private Android source code: the iOS version is open source that is available on GitHub, but the Android source code isn't available.
- No iOS DApp browser
Exodus Wallet
Exodus wallet is a web3 wallet allowing users to connect to any Fantom web3 app, and it is available as a multichain browser extension wallet for Chrome and Brave. Since it’s a non-custodial wallet, Exodus doesn’t store users’ transaction details. All private keys and transaction data are stored on the users’ devices, providing privacy and security.
Exodus can run on PCs, Windows or Linux, as well as Apple computers running MacOS. Additionally, users can access Exodus via mobile apps for both Android and iOS operating systems.
-Exodus supports hardware wallets, including Trezor One and Trezor Model T
-Users can send FTM bought on a centralized exchange to Exodus
-Users can swap Fantom tokens with no sign-up or account creation necessary
-Using Exodus Swap, you can securely swap crypto directly from your wallet via both
-Exodus doesn’t require KYC, and transactions are often completed in minutes.
- One-click crypto exchanges any time
- Strong customer desk available 24/7
- Easy to user interface
- Free to download with no registration required
- Hardware wallet support (Trezor One and Trezor Model T)
- The mobile app supports fewer cryptocurrencies
- No way to buy cryptocurrency in the app
- No 2FA: Exodus does not support 2FA or multi-sig security. Instead, it recommends cold storage for users
- Doesn't support cryptocurrency to fiat transactions in-wallet
Math Wallet
MathWallet is a decentralized crypto wallet that allows users to trade Fantom tokens and more than 3000+ tokens and 100+ blockchains via mobile (Android and iOS), browser extensions, web wallet, and hardware wallet (Ledger and Wookong Bio).
Launched by Eric Yu, CTO of Zhongtopia, MathWallet offers users various access to standard wallet features like receiving and transferring tokens, as well as accessing different DApps. Additionally, the wallet offers services such as curated, aggregated news feed, MathSwap token exchange, staking services, and a multichain DApp store connected to everything from Aave to Yearn.
The wallet is backed by Binance Labs, Alameda Research, Fenbushi Capital, Fundamental Labs, Multicoin Capital, and NGC Ventures.
-MathWallet employs security features such as private keys, mnemonic phrases, 2-factor authentication, and biometric safe locks.
-Supports iOS and Android, desktop app, and hardware solutions.
-MathWallet is free to use
-MathWallet is a highly functional multi-platform universal cryptocurrency wallet that supports tokens on over 100 blockchains.
- Stake FTM tokens directly within the app
- Supports hardware wallets
- User-friendly interface
- Supports existing private keys
- Poor customer support
BitKeep Wallet
BitKeep is a decentralized and multichain wallet offering users easy access to store and uses digital assets. Launched in May 2018, Bitkeep offers a simple way to store and trade FTM and thousands of other coins and tokens.
BitKeep wallet offers users a comprehensive and easy-to-use DApp store, NFT marketplace, and more. The wallet is available for mobile devices running either Android or iOS, and it’s free to download on either the App Store or the Google Play Store. Bitkeep is also available via a browser extension available on Chrome-based browsers.
-BitKeep uses state-of-the-art security measures, including 2FA and a unique DESM algorithm, to securely store crypto assets.
-Since it is a non-custodial wallet, you only need a recovery phrase to access your wallet.
-Supports NFTs
- Non-custodial wallet with several features, including DeFi, NFTs, and swaps
- 24/7 security check
- Supports DEX that, offers different asset swaps
- Offers additional security layers such as DESM encryption
- One of the most versatile wallets with support for 245,400 coins/assets including Fantom, Ethereum, BNB, Polkadot, and Solana.
- Still in its infant stage
- Pretty complex user interface
What to look for while selecting a Fantom wallet?
Some key features to consider when selecting a Fantom wallet include security, flexibility, user-friendly interface, Ethereum compatibility, and the overall reputation of the wallet provider.
Let’s explore a few of these requisites in detail.
Security
While blockchain technology is pretty secure, ensuring the wallet you choose has high-grade security features such as two-factor authentication is important.
Security features offered and the reputations of wallet providers must be core considerations when choosing any wallet.
User-friendly interface
You don’t want to have to solve a Rubik’s cube to use a wallet. Choose a wallet with an intuitive user interface that lets you easily manage the assets in your wallet as well as quickly send and receive them. Some Fantom wallets offer QR code support, a convenient feature that allows you to securely store your keys in QR codes rather than typing out the whole address.
Flexibility and compatibility
A flexible wallet can be accessed from anywhere and should be compatible with different devices, including Android, iOS, and Linux, Windows. It might be wise to choose a wallet that supports a variety of other cryptos that can be easily exchanged for your Fantom tokens.
Exchange integration
Some Fantom wallets can be integrated with other platforms, such as decentralized exchange and other DApps. Integrating these wallets enables seamless funds transfer. Also, you can trade, sell, buy, and stake cryptos without stress.
Choose a Fantom wallet to suit your needs
While the fWallet is the native wallet of the Fantom network, users can utilize other web3 wallets such as Coinbase Wallet, MetaMask, MathWallet, or OKX Wallet. It is important to do your own research before choosing. Make a decision based on your individual requirements.
/Related
More Articles
Although hot wallets are easiest to interact with, when it comes to safety and security, hardware wallets such as Ledger or Trezor are the most secure options, particularly if you plan to hold FTM long-term.
Frequently asked questions
MetaMask is currently one of the leading software wallet and browser extensions for managing mainnet FTM and accessing Fantom DApps. On the other hand, Ledger Nano (hardware wallet) stands out as the top choice for those who prioritize maximum security in storing their mainnet FTM and interacting with dApps on the Fantom network.
No. Although their pronunciation is pretty similar, Phantom is a popular self-custody wallet for Solana-based decentralized applications and NFTs, while fWallet is native to the Fantom network.
It’s pretty difficult to state which blockchain is better because both networks have their unique features, pros, and cons. Fantom offers excellent interoperability and EVM support, while Solana is fast and less expensive.
Yes. Trust Wallet, a trusted and secure crypto wallet, has been a popular choice for users to store their FTM and access the Fantom network with ease. Trust Wallet is the official wallet of the Binance exchange.
MetaMask is a top cryptocurrency wallet that supports the Ethereum blockchain, layer-2 networks, and EVM blockchains. Users can easily add Fantom to MetaMask.
Trusted
Disclaimer
In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only. BeInCrypto prioritizes providing high-quality information, taking the time to research and create informative content for readers. While partners may reward the company with commissions for placements in articles, these commissions do not influence the unbiased, honest, and helpful content creation process. Any action taken by the reader based on this information is strictly at their own risk. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
