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16 Best Web3 Wallets

24 mins
Updated by Maria Petrova
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The term web3 has been tagged as the future version of the internet, poised to disrupt several industries the same way web2 disrupted web1 or the same way Netflix impeded Blockbuster movies. This new wave of technology has been firmly rooted in decentralized applications making extensive use of blockchain technology, as well as machine learning and artificial intelligence (AI), to help improve smart and adaptive applications.

Hence, with the massive adoption, many DApps, DeFi, wallets, and other innovations are being developed to ease the mode of entry. Web3 wallets essentially grease the wheels of web3; helping individuals, as well as companies, manage their digital assets conveniently. It provides accessibility and scalability. This article will highlight the top 6 wallets you can harness to manage your assets and find your way into the web3 space.

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Methodology

What is a web3 wallet?

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In simple words, web3 wallets are digital platforms that give access to the web3 space. They are similar to regular crypto wallets, allowing users to store, send, and receive cryptocurrencies. Moreover, through these wallets, users can interact with smart contracts, transact NFTs, develop blockchain platforms, and connect with communities. Web3 wallets create a wide range of valuable applications beyond the normal existing digital wallets out there. Usually, these wallets have in-built browsers.

Overall, they are non-custodial wallets, meaning you can transact in a more secure way without worrying about middlemen such as banks. Also, you have full control over your funds, and you don’t have to go through the series of KYC/AML steps while creating one. 

Here are some of the major terms associated with web3 wallets:

  • Public Key: This is an alphanumeric string that allows you to deposit and receive crypto transactions. 
  • Private Key: Similar to passwords, it is a large number used to confirm transactions. Everyone has access to web3 wallet public keys, but a private key allows you to claim ownership to access your funds.
  • Seed Phrase: It is a list of 12–24 random words used to retrieve a crypto wallet

You can use your web3 wallet from anywhere in the world. Let’s explore its major benefits.

What are the top 16 web3 wallets

Here are the most popular and reliable web3 wallets to pick from.

1. Exodus

Best for multi platform support
Custody
Non-custodial
NFT support
Yes
Multi-Chain Support
Extensive
Platforms
Chrome, Brave, mobile, and desktop

2. Coinbase Wallet

Best for broad DeFi and NFT interactions
Custody
Non-Custodial
NFT Support
Yes
Multi-Chain Support
Extensive
Platforms
Android, IOS, Browser Extension

3. Bitget Wallet

Best for advanced trading and security features
Custody
Non-Custodial
NFT Support
Yes
Multi-Chain Support
Extensive
Platforms
Android, IOS, Browser Extension, Web interface

4. COCA Wallet

Best for unmatched MPC security
Custody
Non-Custodial (MPC)
NFT Support
Yes
Multi-Chain Support
Extensive
Platforms
Android, IOS

5. YouHodler Wallet

Best for maximizing crypto holdings and loans
Custody
Custodial
NFT Support
Yes
Multi-Chain Support
Extensive
Platforms
Android, IOS

6. Zengo Wallet

Best for user-friendly, biometric-secured storage
Custody
Custodial (Multi-Party Computation)
NFT Support
Yes
Multi-Chain Support
Bitcoin, Ethereum, Tezos and Terra (Luna)
Platforms
Android, IOS

7. OKX Wallet

Best for integrated trading and crypto management
Custody
Non-Custodial (MPC)
NFT Support
Yes
Multi-Chain Support
Extensive
Platforms
Android, IOS

8. Paybis Wallet

Best for user-friendly crypto trading
Custody
Non-Custodial
NFT Support
Yes
Multi-Chain Support
Extensive
Platforms
Android, IOS, Browser

9. Guarda Wallet

Best for extensive multi-chain token support
Custody
Non-Custodial
NFT Support
Yes
Multi-Chain Support
Extensive
Platforms
Android, IOS, Linux, Mac, Windows

10. MetaMask Wallet

Best for Ethereum-based DApp integration
Custody
Non-Custodial
NFT Support
Metamask Mobile
Multi-Chain Support
EVM-compatible chains
Platforms
Android, IOS, Linux, Windows, Mac

11. Rainbow Wallet

Best for Ethereum-based DApp integration
Custody
Non-Custodial
NFT Support
Yes
Multi-Chain Support
EVM
Platforms
IOS, Android currently in Public Beta Phase

12. Trust Wallet

Best for diversified cryptocurrency accessibility
Custody
Non-Custodial
NFT Support
Yes
Multi-Chain Support
Extensive
Platforms
Android, IOS, Browser Extension

13. Argent Wallet

Best for seamless Ethereum Layer 2 activities
Custody
Non-Custodial
NFT Support
Yes
Multi-Chain Support
Ethereum and zkSync
Platforms
Android, IOS, Chrome Extension (Argent X)

14. Math Wallet

Best for extensive multi-chain integration
Custody
Non-Custodial
NFT Support
Yes
Multi-Chain Support
Extensive
Platforms
Android, IOS, Browser Extension

15. Cypher Wallet

Best for seamless blockchain bridging
Custody
Non-Custodial
NFT Support
Yes
Multi-Chain Support
Limited
Platforms
Android, IOS

16. FoxWallet

Best for diverse web3 functionalities
Custody
Non-Custodial
NFT Support
Yes
Multi-Chain Support
Extensive
Platforms
Android, IOS
Platform nameBest FeaturePlatformsLink
Paybis WalletBest for user-friendly crypto tradingAndroid, IOS, BrowserGo to Paybis
Coinbase WalletBest for broad DeFi and NFT interactionsAndroid, IOS, Browser ExtensionGo to Coinbase
COCA WalletBest for unmatched Multi-Party Computation (MPC) securityAndroid, IOSGo to COCA
Zengo WalletBest for user-friendly, biometric-secured storageAndroid, IOSGo to Zengo
OKX WalletBest for integrated trading and crypto managementAndroid, IOSGo to OKX
YouHodler WalletBest for maximizing crypto holdings and loansAndroid, IOSGo to YouHodler
Bitget WalletBest for advanced trading and security featuresAndroid, IOS, Browser Extension, Web interfaceGo to Bitget
Guarda WalletBest for extensive multi-chain token supportAndroid, IOS, Linux, Mac, WindowsGo to Guarda
MetaMask WalletBest for Ethereum-based DApp integrationAndroid, IOS, Linux, Windows, MacGo to MetaMask
Rainbow WalletBest for Ethereum-based DApp integrationIOS, Android currently in Public Beta PhaseGo to Rainbow
Trust WalletBest for diversified cryptocurrency accessibilityAndroid, IOS, Browser ExtensionGo to Trust
Argent WalletBest for seamless Ethereum Layer 2 activitiesAndroid, IOS, Chrome Extension (Argent X)Go to Argent
Math WalletBest for extensive multi-chain integrationAndroid, IOS, Browser ExtensionGo to Math
Cypher WalletBest for seamless blockchain bridgingAndroid, IOSGo to Cypher
FoxWalletBest for diverse web3 functionalitiesAndroid, IOSGo to FoxWallet
Exodus WalletBest for enduring web3 innovationsAndroid, IOS, Linux, Android, MacGo to Exodus

Benefits of using web3 wallets

web3 wallet

Web3 wallets offer various scopes of control and more flexibility in managing transactions. Below are a few advantages of using these wallets.

User-friendly

Since you have full control over your asset, web3 wallets are typically easy to use. You can easily manage different assets since you have direct access to many details about each of them. Furthermore, most web3 wallets are simple to set up, which is a great advantage for users who are new to the crypto space. 

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The set up process only takes a few minutes. Once you have created an account, you can start transacting, as well as have easy access to several web3 products. This is very easy to use compared to other traditional digital wallets.

Privacy and anonymity

Protection of users’ privacy is one of the best features web3 wallets brought. Using these wallets, your personal data is safe and protected. This means that while you transact with another address, it is almost impossible to know the recipient.

Enhanced security 

The safety of your funds is another important benefit you get from using web3 wallets. They ensure your investment is safe and secure while transacting. In addition, your information, identification, and accessibility to your funds are secure. Most of the wallets use an encrypted sign-up/sign-in procedure, requiring you to input your details. This ensures there’s no breach and others can’t access your wallets.

Let’s examine the top 6 web3 wallets making waves in the crypto space.

Why do I need a web3 wallet?

One of the most essential factors to consider before getting involved in the web3 space is that you must have a suitable web3 wallet in place. They store your private keys securely, allowing you to send and receive crypto assets like ethereum, bitcoin, solana, and much more. 

There are hundreds of them out there, but the above ones are the most popular and reliable platforms to start with. They offer various tools to help you manage and store your assets securely.

In order to invest in web3, you’re going to need a web3 wallet — as well as the latest info on web3 itself. Hear from the community and stay on top of the latest developments through the BeInCrypto Telegram group.

Frequently asked questions

How do I create a Web3 wallet?

How many Web3 wallets are there?

Is Trust Wallet a Web3 wallet?

What is an example of a Web3 wallet?

What is a web3 wallet?

What is the best web3 wallet?

Is Coinbase a web3 wallet?

Is MetaMask a web3 wallet?

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Ayotomiwa Oladotun
Ayotomiwa is a tech writer and marketer focused on blockchain, crypto, DeFi, the metaverse, and NFTs. Ayotomiwa works with a number of emerging tech startups and crypto exchange platforms, including being the content manager for BeArt LLC. Ayotomiwa holds a Bachelor of Engineering from the Federal University of Technology, Akure.
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