Solana stands out as a top contender in the crypto market, showing remarkable growth and unwavering strength despite challenges along the way. Discover the best Solana wallets for secure crypto storage!
Thanks to its impressive speed and efficiency, Solana has fostered a dynamic environment bustling with NFTs, DeFi platforms, and even the trendy meme coins. The recent surge in network activity underscored Solana’s scalability, hinting at its potential to transform blockchain technology for the better.
If you’re considering investing in Solana, securing your assets in a reliable wallet is crucial. To help you with this, we’ve put together a list of the seven best wallets for 2024.
Solflare
Solflare is a popular wallet designed specifically for Solana. It’s easy to use and lets you do basic things like buying, selling, and moving assets on the Solana blockchain.
What’s great about Solflare is how it puts your safety first. It works with Ledger devices on your computer or phone, adding an extra layer of security. Plus, it shows you a preview of transactions before you confirm, so you can understand what’s happening with your money.
Features
| Compatibility | Staking | Customer support | NFT marketplace | Hardware wallet integration | DeFi integrations |
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Liquid with validator options | Live chat 24/7 | Yes | Ledger |
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Live chat support. Solflare offers live chat customer support during the weekdays (Monday to Friday), ensuring that help is always available when you need it.
Staking rewards. You can earn interest rewards by staking your Solana tokens with Solflare, with potential rewards reaching up to 9% APY.
Anti-phishing protection. Solflare’s anti-phishing feature safeguards you by alerting you to potentially harmful websites, providing a secure environment for exploring Solana dApps.
Solflare Academy. Explore a variety of guides and articles in Solflare Academy to enhance your understanding of blockchain technology, Solana, and its different applications.
Phantom
Phantom Wallet was launched in 2022 and has since garnered over $100 million in funding and gained over 3 million users.
While primarily recognized as a Solana wallet, Phantom Wallet also extends support to Ethereum and Polygon, offering multi-chain functionality on both desktop and mobile through its app. It’s one of the two wallets that are ready to use on the Solana Saga phone, but you can use it on any compatible device.
Features
| Compatibility | Staking | Customer support | NFT marketplace | Hardware wallet integration | DeFi integrations |
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Liquid with validator options |
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Yes | Ledger |
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Security. Phantom Wallet prioritizes your security by being self-custodial, meaning you have sole control over your funds without Phantom having access. It also ensures privacy as it doesn’t require personal information like your name, email, or phone number. The wallet includes scam detection, quickly identifying and flagging any suspicious transactions.
Staking. With Phantom, you can stake your SOL tokens with independent validators to earn rewards. Historically, Solana staking has yielded around 5.5% APY in rewards.
User-friendly interface. Phantom offers an intuitive mobile app and browser extension, making it easy for users to navigate and manage their assets.
Auto-grouping NFTs. As Solana NFTs gain popularity due to their affordability, Phantom Wallet’s auto-grouping feature keeps your NFTs organized, ensuring a seamless experience in managing your digital collectibles.
Coinbase
Coinbase Wallet is a self-custody wallet created by Coinbase, designed to give you full control over your crypto funds.
You can use this wallet to securely access your holdings on various networks like Solana, Ethereum, Bitcoin, Polygon, Dogecoin, and others.
While it’s a standalone product, you can also link it to your Coinbase account if you prefer.
Coinbase Wallet is compatible with popular DeFi apps, making it simple to connect and use. Plus, it allows for in-app trading and swaps for added convenience.
Features
| Compatibility | Staking | Customer support | NFT marketplace | Hardware wallet integration | DeFi integrations |
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Liquid with validator options |
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Yes | Ledger |
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Multi-chain support. Coinbase Wallet offers support for various cryptocurrencies, including Ethereum, Polygon, Bitcoin, Dogecoin, Litecoin, Stellar Lumens, Ripple, and Solana.
Coinbase integration. The wallet seamlessly integrates with the Coinbase exchange, simplifying processes like buying, selling, and transferring crypto assets between your Coinbase Wallet and Coinbase exchange accounts.
Simple dApp connections. Coinbase Wallet is commonly listed alongside MetaMask as a connection option for dApps (decentralized applications), making it easy for users to interact with a wide range of blockchain-based applications.
Token detection. Coinbase Wallet excels in detecting tokens that may be missed by other wallets like MetaMask, enhancing your ability to manage a diverse range of digital assets efficiently.
Exodus
Exodus is a wallet that handles over 250 cryptocurrencies, including Solana. It also supports Ethereum and ERC-20 tokens without causing confusion. Users appreciate its user-friendly design and helpful customer support.
Features
| Compatibility | Staking | Customer support | NFT marketplace | Hardware wallet integration | DeFi integrations |
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Liquid with validator options |
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Yes | Trezor |
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Multi-chain support. Exodus supports over 250 cryptocurrencies, providing versatility for managing different digital assets.
Frequent updates. Users can expect regular updates, approximately every two weeks, to improve their experience with the wallet.
Swap and buy crypto. Easily add to your crypto holdings directly from the wallet, though keep in mind that fees may apply.
Staking. Exodus offers rewards for staking Solana and other tokens.
High compatibility. Exodus is available on various devices, including mobile and desktop. Users can manage multiple portfolios, buy and stake crypto, view NFTs, and explore Web3. Additionally, Exodus integrates with hardware wallets like Trezor and offers a browser extension for added functionality.
Ledger
The Ledger hardware wallet series has been established since 2014, becoming one of the most favored options in the market.
Unlike other wallets mentioned earlier, Ledger stores your cryptocurrency offline, safeguarding your assets from potential cyber threats. This offline storage method is widely regarded as the most secure option available.
Users have a range of Ledger options to choose from, including discreet thumb-drive-shaped models to touchscreen versions that offer advanced features and aesthetics similar to top-tier smartphones. Additionally, Ledger wallets enjoy widespread support from software wallets like MetaMask, further enhancing their security measures.
Moreover, Ledger also offers Ledger Live, a crypto wallet app available for mobile devices as well as for desktop.
Features
| Compatibility | Staking | Customer support | NFT marketplace | Hardware wallet integration | DeFi integrations |
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Liquid. Validator is chosen randomly. |
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In Ledger Live | Ledger |
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High security. Ledger is a hardware wallet that stores your private keys offline. This means that hackers can’t use techniques like online phishing to gain access to your crypto!
Affordable price. For investors seeking a hardware wallet, Ledger offers relatively affordable products. The Ledger Nano S, for instance, is currently listed at $79.
USB or Bluetooth connectivity. Premium Ledger models connect via Bluetooth, allowing you to use them with mobile devices. Others connect via USB-C.
Integrations. Ledger integrates with leading DeFi wallets mentioned above, such as Phantom and Coinbase Wallet.
Extensive crypto support. Ledger’s support for over 5,500 cryptocurrencies lets you store just about anything on your Ledger.
Backpack
Backpack is a speedy and secure crypto wallet that’s community-built and non-custodial, designed for Solana and Ethereum. It handles tasks like sending and receiving digital assets, token swapping, NFT security, hardware wallet connections, and xNFT launches. It’s also proud to be the only open-source wallet on Solana.
You can access Backpack as a desktop extension or a mobile app on iOS and Android.
Features
| Compatibility | Staking | Customer support | NFT marketplace | Hardware wallet integration |
|
Liquid with validator options |
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Yes | Ledger |
Install xNFT dApps. Backpack supports xNFTs, which are tokenized NFTs functioning as applications within the wallet. This innovation has generated excitement around Backpack.
Additional rewards. Users can earn reward points by using Backpack on platforms like MarginFi, Zeta Markets, and Tensor.
Spam filtering. Backpack includes spam filtering for tokens and collectibles, ensuring your wallet stays organized and clutter-free.
Staking. Users can earn rewards by staking tokens using Backpack.
Atomic Wallet
Atomic Wallet is a non-custodial wallet known for its user-friendly interface and a large user base of over 5 million individuals worldwide. The wallet supports over 500 coins and tokens, including Solana.
Features
| Compatibility | Staking | Customer support | NFT marketplace | Hardware wallet integration |
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Liquid with validator options |
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No |
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Instant swap with cashback. Users can easily swap Solana for over 1000 crypto pairs anonymously and receive up to 1% cashback on transactions.
Staking. Atomic Wallet provides a 5% APY for staking Solana and more than 10 other assets, allowing users to earn rewards on their holdings.
24/7 online support. Atomic Wallet offers round-the-clock support with live chat and email assistance, catering to customers from around the world.
Final thoughts
Solana’s blockchain offers inexpensive transactions, making it a promising wallet choice. Its popularity is on the rise, attracting many investors. There are several Solana wallets available, each with its own advantages and disadvantages, so it’s essential to research to find the best fit for you.
Here are some factors to consider when choosing a Solana wallet:
Security. Look for a wallet that prioritizes security to protect your assets from hacks and theft.
Protocol support. If you plan to explore DeFi and NFTs, choose a wallet that can connect to popular protocols and marketplaces.
Multi-blockchain support. Consider a wallet that supports multiple blockchains if you prefer to keep all your cryptocurrencies in one place.
And if you don’t have a crypto wallet yet or are unsure about which type of wallet you need, we recommend checking out our detailed, beginner-friendly guide to crypto wallets.
