Looking for the best Solana wallet? Our team of crypto experts found the best options for investors in 2023 — based on factors like security, user interface, and staking support!
Quick Look: The 6 Best Solana Wallets in 2023 Phantom Wallet: Most Popular Solana Wallet Solflare: Best Solana-only Wallet Exodus: Best for Customer Support Coinbase Wallet: Best for Beginners Glow: Best for iOs Ledger: Best Hardware Wallet Phantom Wallet Most Popular Solana wallet Phantom Wallet first started in 2022. Since then, the wallet has raised more than $100 million in funding and attracted more than 3 million users. Features Simple interface: Phantom has an easy-to-use mobile app and browser extension. Phantom has been called the MetaMask of the Solana ecosystem! Solana staking: Phantom allows you to stake your SOL with independent validators to earn rewards. Historically, Solana has yielded 5.5% APY in staking rewards. Multi-chain support: Phantom supports Ethereum, Solana, and Polygon. You can import your existing ETH and SOL wallets to Phantom and view all of your assets from the three chains in one place! Hardware wallet integration: Phantom can integrate with hardware wallets like Ledger for added security. Solflare Best Solana-only Wallet
Next to Phantom,
Solflare is one of the most popular Solana wallets on the market! Solflare offers a user-friendly software wallet that allows you to buy, sell, transfer, and receive assets on the Solana blockchain. Features Browser and mobile: Solflare is user-friendly and is available as both a browser extension and a mobile app! Live chat: If you have questions or need help, Solflare customer support is available on live chat from Monday to Friday. Staking support: Solflare allows you to earn interest rewards from Solana staking! Hardware integration: Solflare integrates with hardware wallets like Ledger. Exodus Best for Customer Support Exodus is a multi-chain wallet that offers more than 250 cryptocurrencies — including Solana. The wallet is known for its user-friendly features and responsive customer support. Multi-chain support: Exodus offers support for more than 250 different cryptocurrencies! Customer support: Exodus offers responsive customer service through chat and email support. Frequent updates: Exodus updates its software approximately every 2 weeks — regularly giving users a new & improved experience. Staking: Exodus allows users to get started with Solana staking! Hardware wallet: Exodus integrates with hardware wallets like Trezor. Coinbase Wallet Best for Beginners Coinbase Wallet is a non-custodial wallet designed by Coinbase. The wallet allows you to have secure access to your cryptocurrency holdings on Solana, Ethereum, Bitcoin, Polygon, Dogecoin and more! Easy interface: Just like the Coinbase exchange, the Coinbase Wallet was designed to be easy to use for new investors! The wallet offers a browser extension and a mobile application that makes it easy to keep track of your crypto holdings. Multi-chain support: Coinbase Wallet currently supports Ethereum, Polygon, Bitcoin, Dogecoin, Litecoin, Stellar Lumens, Ripple, and Solana. Coinbase integration: Coinbase Wallet integrates with the Coinbase exchange — making it easy for you to buy and sell crypto and transfer holdings between the two accounts. Hardware wallet support: Coinbase Wallet integrates with hardware wallets like Ledger! Glow Best for iOs Glow is a user-friendly Solana wallet available on iOs and as a browser extension. The wallet has been praised as a great option for iPhone users and NFT holders! iOs: While Glow recently released a browser extension, the wallet is primarily designed for iOs. The application offers many iPhone-specific features like iCloud backups and a Safari mobile integration. Staking support: Glow allows users to earn Solana rewards through staking! NFT support: Glow is known for its fantastic NFT support. The wallet features a gallery display for your NFT and even allows you to list your NFTs on marketplaces like Magic Eden without leaving the wallet! Ledger Best Hardware Wallet Ledger is one of the most popular hardware wallets on the market. Unlike the wallets listed above, Ledger stores your cryptocurrency offline to protect your holdings from potential hacks! As a result, hardware wallets like Ledger are considered the best option for security. High security: Ledger is a hardware wallet that stores your private keys offline. That means that hackers can’t use techniques like online phishing to gain access to your crypto! Low price tag: Ledger offers relatively affordable products for investors looking for a hardware wallet. The Ledger Nano S is currently listed at $79. Integrations: Ledger integrates with some of the software wallets mentioned above — such as Phantom and Coinbase Wallet! What should I look for in a Solana wallet?
Here are a few factors you should keep in mind when selecting a Solana wallet.
Security: Make sure you select a wallet that takes measures to protect your holdings from hacks and theft. Protocol support: If you wish to experiment with DeFi and NFTs, you should find a wallet that can connect to popular protocols and marketplaces. Multi-blockchain support: If you want to hold all of your cryptocurrency in a single wallet, you may want to consider getting started with a wallet that supports multiple blockchains. Solana wallet security tips
Once you get started with a Solana wallet, it’s important to take steps to ensure that your cryptocurrency is secure from potential hacks and theft.
Remember, cryptocurrency transactions are permanent and irreversible. If a hacker gains access to a non-custodial wallet, it can be difficult to recover your funds.
Here are a few security tips to keep your SOL and other cryptocurrencies safe.
Choose a reputable wallet: Before you choose a wallet, do research to make sure that your wallet provider has a reputation for trust and security. Keep your recovery code safe: When you create a wallet, you’ll be given a recovery code that you can use to regain access to your funds if you ever lose access to your account. You should write down your recovery code on a piece of paper and store it in a safe place. Cold storage: Consider using a cold wallet like Ledger. Cold wallets store your cryptocurrency offline — meaning that hackers cannot gain access to your funds using traditional methods. Hardware wallet vs. software wallet: which should I use?
Not sure whether you should choose a hardware or software wallet for Solana? Let’s walk through the pros and cons of both.
Why should I choose a hardware wallet?: Hardware wallets are often considered the gold standard for secure long-term storage. However, they can be more costly than software wallets and may not be as convenient for quick access to your funds. Why should I choose a software wallet?: Software wallets are convenient for day-to-day transactions and are generally free to use. However, they are more vulnerable to online threats such as phishing attacks, malware, and viruses.
One alternative option is to integrate your hardware wallet to a software wallet like Phantom. If you choose this option, your private keys will continue to be stored with the hardware wallet, while your software wallet will act as a visual interface.
Can I use MetaMask for Solana?
MetaMask supports Ethereum and EVM-compatible assets. Currently,
MetaMask does not support SOL and Solana-based assets. What happened to Sollet?
The Sollet wallet was once a popular wallet for Solana users. However, the project abruptly went offline in December 2022.
If you had a Sollet wallet, you can regain access to your holdings. You can import your Sollet seed phrase into another wallet provider such as Phantom or Solflare.
Is there an official Solana wallet?
Unlike other blockchain networks, Solana does not have an official wallet for users. However, there are several wallets with a stellar reputation in the Solana community — such as the options recommended above!