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.
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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.
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.
Features
-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.
Pros and cons
Pros
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
Cons
Relatively expensive, costing €149
Bluetooth is only compatible with the mobile app, not desktop
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.
Features
-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.
Pros and cons
Pros
Seamless access to Coinbase, the largest U.S.-based exchange.
Large selection of supported cryptocurrencies.
Easy access to staking tools and NFT marketplaces.
Cons
No desktop application
No 2FA: Coinbase Wallet does not use two-factor authentication or multi-signature support.
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.
Features
-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.
Pros and cons
Pros
Offers high staking APY’s
Buy/Sell dashboard that’s easy to use
Active customer support available online via chat
Cons
Not available to residents in several countries, including the U.S.
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.
Features
-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.
Pros and cons
Pros
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.
Cons
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
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.
Features
-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.
Pros and cons
Pros
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.
Cons
No support for bitcoin and other fiat currencies, making it pretty difficult to exchange tokens
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.
Features
-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.
Pros and cons
Pros
Easy to use with intuitive interface
Free
Built-in staking
DApp browser to access NFT marketplaces like OpenSea to view, collect, and exchange NFTs.
Cons
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.
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.
Features
-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.
Pros and cons
Pros
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)
Cons
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
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.
Features
-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.
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.
Features
-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
Pros and cons
Pros
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.
Cons
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
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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.
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
Which wallet is best for Fantom?
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.
Is Fantom a Solana wallet?
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.
Is Fantom better than Solana?
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.
Can you use a Trust Wallet for Fantom?
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.
Is MetaMask a Fantom wallet?
MetaMask is a top cryptocurrency wallet that supports the Ethereum blockchain, layer-2 networks, and EVM blockchains. Users can easily add Fantom to MetaMask.
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