The 15 Best Web3 Wallets for 2025

TIntroduction to Web3 Wallets

Web3 wallets change the way ownership and monetization of one’s assets, identity, and content happens as we enter the next iteration of the internet. Web3 wallets are so much more than a spot to store cash, as they unlock doorways to decentralized programs, bankless financial services, NFT collections, on-chain identities, and shared communities with ease. They operate on a much broader set of functionalities than conventional digital wallets.

Just like physical wallets that store cash, Web3 wallets store digital access to assets. They also facilitate easier interaction with decentralized applications (dApps) and cryptocurrencies without the need for an intermediary.

While cryptocurrencies themselves are not stored in the wallets, they store key information required to access digital funds.

A Web3 wallet has three main components:

Public Key: A sending and receiving address.

Private Key: A secret key needed to sign transactions and unlock funds.

Seed Phrase: A master key that produces several private keys, allowing access to all the keys and addresses in a wallet.

There are different types of Web3 wallets, each of which is best for a particular use case. The correct choice depends on how you plan to handle your data and digital assets.

Hot Wallets

Hot wallets or software wallets are internet-connected and connected to the cryptocurrency network. They are an easy solution to store, send, receive, and even look at tokens, which is why they rank among the most used Web3 wallets.

Their connectivity to the internet makes them vulnerable to hackers compared to cold wallets.

Desktop Wallets

Desktop wallets are directly installed applications on a computer. They run locally, which is one of the most secure hot wallet types.

Web Wallets

Web wallets are hosted on third-party servers, and one can interact using a browser-based interface without requiring software installation on the device. They behave like desktop wallets and utilize blockchain explorers to track transactions.

Mobile Wallets

Implemented as mobile phone applications, mobile wallets provide easy access to digital currencies. They are similar to desktop wallets but tailored for mobile use. Because of the limited space, mobile wallets tend to offer a less complicated user interface.

Cold Wallets

Cold wallets offer a safer option for holding cryptocurrencies because they are offline and thus very immune to attacks of hacking.

Hardware Wallets

Hardware wallets are small electronic devices, typically in the form of USB drives, that use random number generators (RNGs) to generate public and private keys. The wallets store the keys offline, offering a highly secure level of protection against unauthorized access.

Hardware wallets, being offline from the internet, are best suited for long-term investment, especially for holding large amounts of digital assets that are not heavily used.

Paper Wallets

A paper wallet is a printed blockchain address and private key, usually in the form of QR codes. It can be used to send funds by scanning the QR codes.

Paper wallets were popular before but are now deemed obsolete because of their drawbacks. One significant disadvantage is that they can send only a whole balance at one time, unlike partial transfers.

CEX (Centralized exchanges) vs. DEX (Decentralized exchanges)

Centralized exchanges and decentralized exchanges are both an unavoidable aspect of the cryptocurrency world. Even while decentralized exchanges (DEXs) have made progress in recent days, centralized exchanges (CEXs) dominate the scene. Recognizing the distinction between the two systems is a part of the proper management of virtual assets.

Standard Crypto Exchanges (CEXs)

In centralized exchanges, wallets are normally hot and custodial, with support for instant transactions via standard username-password authentication. The platforms also offer the ability to withdraw cryptocurrencies via exchange-hosted private keys.

However, using a centralized exchange means entrusting your assets to a third-party entity that controls your private keys. To mitigate risks, reputable exchanges store most funds in cold storage hardware wallets, ensuring security. Some platforms even offer insurance to protect users against potential hacking incidents.

Decentralized Exchanges (DEXs)

Decentralized exchanges work with non-custodial wallets, allowing users to have full control of private keys and money. This disintermediates the process and eliminates limitations concerning fees, withdrawals, and transaction caps.

As there is no third-party dependency, users are solely responsible for their wallets and private keys. Loss of a wallet without backup can cause permanent loss of money, so security measures are crucial.

Top Cryptocurrency Wallet Picks

There are a big number of Web3 wallets that one can pick from, and all except for a handful of them are downloadable and installable for free. While the DeFi and Web3 infrastructure continues to be worked on, the most popular wallets have established a good foundation for an open and decentralized web.

1. MetaMask

The most popular Web3 wallet is MetaMask, which has around 21 million active monthly users. It offers a simple interface to work with blockchain networks while permitting backup of the account through a seed phrase. MetaMask allows users to directly buy ERC-20 tokens, offers complete control of private keys (non-custodial), and supports special chains like Binance Smart Chain and Layer 2 solutions like Polygon.

Furthermore, MetaMask supports a vast majority of decentralized applications (dApps), so it is the go-to wallet for Web3 users.

Disadvantages:

* Being a hot wallet, it is also more susceptible to hacking than cold wallets.

* Although MetaMask does not monitor user information, web browsers can collect data about usage of the extension.

* Restricted to Ethereum and ETH-based tokens.

2. Coinbase Wallet

Coinbase Wallet is a non-custodial wallet designed by Coinbase, the biggest U.S.-based cryptocurrency exchange. It is not an exchange wallet but instead provides users with the ability to send and control assets themselves. Coinbase Wallet also incorporates security features such as biometric verification and PIN locking.

The wallet is compatible with various digital assets such as Ethereum ERC-20 tokens, Dogecoin, Litecoin, Bitcoin, DAI, Ripple (XRP), and others. It also supports various ETH Layer-2 solutions like Arbitrum, Avalanche C-Chain, Binance Smart Chain, Optimism, and Polygon.

Disadvantages:

* Adherence to KYC (Know Your Customer) guidelines by virtue of Coinbase’s policies.

* As it is a hot wallet, it is still vulnerable to online security threats.

3. Trust Wallet

Trust Wallet is a multi-asset mobile wallet with support for a wide variety of cryptocurrencies. It is blockchain-agnostic, as it supports multiple chains. Moreover, Trust Wallet provides staking and earning rewards on assets that are held, yet it is non-custodial.

Unlike other wallets, Trust Wallet charges no fees for wallet use, swaps, or dApp interaction.

Disadvantages:

* There is no desktop or web version.

* There have been complaints about withdrawing funds.

* Being a hot wallet, it is still susceptible to hacking.

4. Zerion

Zerion is a mobile-first Web3 social wallet for DeFi and NFT portfolio management. It has one of the best features of being able to integrate non-Zerion wallets, even hardware wallets such as Ledger, for hassle-free portfolio management.

Zerion further offers a bridging and trading aggregator, so users can obtain the best available prices across big blockchain networks. Moreover, its social aspect facilitates users to track favorite assets, receive NFT drops, and follow wallets.

Developers can leverage Zerion’s Websocket API and DeFi SDK, which integrate DeFi protocols without requiring independent node infrastructure.

Disadvantages:

* Limited customization options for advanced users.

5. ZenGo Wallet

ZenGo is one of the most secure Web3 wallets, with over 1 million users and zero hacks since its launch in 2018. As a multi-party computation (MPC) wallet, it eliminates the need for a seed phrase, reducing vulnerabilities. It also supports multi-chain assets, in-app staking, and NFTs.

ZenGo’s security model leverages encrypted biometrics for easy recovery and features a Web3 firewall (ClearSign) to prevent unauthorized transactions. Additionally, 24/7 live in-app support is available.

Disadvantages:

* Lacks support for some advanced DeFi tools.

6. Argent

Argent is a mobile-first DeFi wallet designed to offer enhanced security and user-friendliness. It allows users to earn interest by lending assets through integrated DeFi protocols and provides a smooth Ethereum-based experience.

Additionally, Argent natively integrates dApps into its mobile app, making lending and borrowing simpler.

Disadvantages:

* No desktop version is available.

* Supports only Ethereum-based applications and tokens.

* Users must pay an initial network fee to create a wallet.

7. Rainbow

Rainbow is another Ethereum-only non-custodial wallet that supports dApps for executing swaps directly within the application. It also allows users to display NFTs within the wallet interface, providing a visually appealing experience.

Rainbow is known for its intuitive UI and is popular among Ethereum users.

Disadvantages:

* Being a hot wallet, it has a higher risk of hacking.

* Requires regular backup of wallet data and seed phrases.

8. Trezor Model T

Trezor is known for pioneering hardware wallets, and the Model T provides an added layer of security with an LED touchscreen display and PIN-based authentication. It supports two-factor authentication (2FA) for transactions and has integrated over 1,600 cryptocurrencies.

Disadvantages:

* The interface is not as beginner-friendly as competitors like Ledger.

* The higher price may be a barrier for some users.

9. Ledger Nano S

Ledger Nano S is a budget cold wallet intended for users who want to save their private keys in a secure offline manner. It hosts more than 1,100 cryptocurrencies and has an easy setup process for better security.

Disadvantages:

* Limited storage capacity for crypto apps.

* Small screen with manual button controls rather than a touchscreen.

* Less mobile-friendly compared to other wallets.

10. Ledger Nano X

The Ledger Nano X is among the best-selling hardware wallets, ideally used in conjunction with the Ledger Live phone app. It allows users to verify balances without having to plug in the device, thus offering a more convenient cold wallet option.

The Nano X has Bluetooth connectivity to facilitate confirmations of transactions without needing to plug in the device. It has support for more than 1,800 tokens and is very secure.

Disadvantages:

* Pricier than the majority of hardware wallets.

11. Exodus

Exodus has made a name for itself as a top desktop wallet, and it does this with a built-in exchange. This capability lets users purchase and sell assets within the wallet without having to move funds to another exchange or brokerage. Exodus has a wide variety of cryptocurrencies supported, including specialized tokens, which makes it one of the top desktop wallets around.

Disadvantages:

Security limitations : Lacks two-factor authentication (2FA), which is a standard industry practice.

Higher transaction fees : Designed to prioritize speed, which may result in higher costs.

12. Phantom

Phantom is widely recognized as the best Solana wallet in the ecosystem. It allows users to manage crypto, stake, swap tokens, and access NFTs, all while maintaining control of their private keys. Phantom is lightweight, non-custodial, and available on multiple browsers with a beginner-friendly interface. The development of a Phantom Ethereum wallet is also underway, bringing its features to the Ethereum ecosystem.

Users can connect Phantom to Ledger hardware wallets for added security. Unlike other wallets that require Ethereum gas fees, Phantom transactions are processed with Solana’s native token (SOL), significantly reducing costs due to Solana’s high transaction efficiency.

Disadvantages:

* Limited to Solana-based assets (Ethereum support is still in development).

* Being relatively new, it has not yet been tested as extensively as some competitors.

13. Frame

Frame is an Ethereum-focused wallet optimized for macOS, Windows, and Linux. It functions as both a hot wallet and a desktop/web wallet, offering seamless asset transfers across active chains. Unique features include Twitter name verification via the extension and gas fee displays in the menu bar.

Frame prioritizes a minimalist user experience, making it easier for users to send assets efficiently.

Disadvantages:

* Still in beta, meaning users may encounter occasional bugs and errors.

* No mobile wallet version currently available.

With continued improvements, Frame is expected to become more relevant in the Web3 wallet ecosystem.

14. Glow

Glow is designed to be one of the simplest mobile wallets for the Solana blockchain. It allows users to send, receive, and swap assets directly on Solana, with a clear transaction display for transparency. Similar to Rainbow Wallet, Glow also enables users to browse NFTs seamlessly.

A standout feature of Glow is its upcoming Solana Pay integration, which will enable in-person payments at retail locations using Solana’s blockchain technology.

Disadvantages:

* Does not currently have a web or desktop version.

* Relatively new compared to other established wallets, though it shows strong potential for future growth.

15. OKX Wallet

OKX Wallet is a non-custodial wallet that places total control over crypto, NFTs, and digital assets in the user’s hands. It has a capability to manage over 50 blockchains like Bitcoin, Ethereum, Solana, Binance Smart Chain (BSC), Aptos, and OKT Chain.

Since its launch, OKX Wallet has gained widespread usage, having:

* Over 100,000 Chrome Extension installations

* 5 million+ Google Play Store downloads

* 14,000+ Apple App Store ratings with a 4.8/5-star average

OKX Wallet allows customers to buy, exchange, earn, and hold digital assets in over a dozen languages, providing an easy solution for foreign users.

Final Thoughts

Regardless of which wallet you choose, regular backup of wallet data files and seed phrases is necessary, as losing access to your crypto can have catastrophic consequences. Software wallets are easy to use and will continue to improve with new technology. But for security-minded users, hardware wallets remain the most secure, providing safe, offline storage of digital assets.