13 Best Solana (SOL) Wallets To Consider In March 2024

AmQA...BeT9
14 Mar 2024
4

A Solana wallet is essential to store and manage your SOL and Solana-based tokens securely. However, selecting the right one involves considering various factors. This article outlines the top options, detailing their key features, advantages, disadvantages, and costs. Additionally, it details the ideal search criteria to help you identify the wallet that best fits your needs.

In this guide:
Best Solana wallets in March 2024
Best Solana Wallets comparison chart
What are Solana wallets?
How do Solana wallets work?
How to choose the best Solana wallet
Pros and cons of self-custody
Hardware wallets that support Solana
Which Solana wallet is best for staking SOL?
Which Solana wallet is best for trading SOL?
Best Solana wallet for storing and trading NFTs
Solana wallet security tips
Unlocking the potential of Solana wallets
Frequently asked questions
Best Solana wallets in March 2024
1. Phantom
1. Phantom
Go to Phantom
What is it?
Phantom is one of the most popular Solana wallets. This software wallet boasts a simple layout, hardware wallet integration, and a wide range of features. It’s compatible with web browsers, including Chrome, Firefox, and Edge, and is also accessible on iOS and Android.

Phantom wallet is a non-custodial crypto wallet that allows you to purchase SOL. You can also send, receive, and store SOL on the Solana network and it enables users to earn rewards by staking SOL with validators. The wallet also helps in storing Solana NFTs (non-fungible tokens).

Why we chose it?
Phantom stands out with its simplicity and user-friendly interface when it comes to managing crypto tokens and NFTs. Moreover, there is a simple swap function to enable easy token swaps.

Phantom also supports other chains like Ethereum (ETH) and Polygon (MATIC), enabling you to import other tokens to Phantom and view all your assets in one place. The wallet also connects with multiple Solana DApps and leading NFT markets like SolSea and Solanart, while the integration with the Ledger hardware wallet (HD) boosts security.

Pros and cons
Pros
User-friendly interface
Token-swapping with low gas fees
Cons
The staking process could be more user-friendly
Validators offering the highest APY (annual percentage yield) are typically more expensive
2. Solflare
2. Solflare
Go to Solflare
What is it?
Solflare is another popular non-custodial Solana wallet with a browser extension and a mobile app. Like Phantom, it enables you to buy Solana and supports token swapping, SOL staking, NFT storage, and HD wallet integration (Ledger).

Why we chose it?
Solflare works on more platforms and boasts unique features. Additionally, Solflare supports bridging operations with other chains, integrates Solana DApps with the MetaMask wallet, and is Solana-Pay-compatible (a payment network).

Solflare’s staking system prevents users from staking all their tokens, which may help avert challenges related to accessing staked tokens in the future. A possible integration with the Solrise investment platform is also in the works.

Pros and cons
Pros
Seamless access to the Solana ecosystem
Potential investment platform integration
Cons
No multi-chain support
3. Exodus
3. Exodus
Go to Exodus
What is it?
Exodus is a non-custodial multichain wallet that enables users to hold a range of digital assets, including BTC, ETH, and SOL. Users can access it on desktop, browser, and mobile apps, it supports staking and swapping, and has an integration with the Trezor hardware wallet.

Why we chose it?
Exodus is known for its sleek design, responsive customer support via email and chat, user-friendly interface, and regular updates.

Since the Solana Wallet Adapter integrates with the Exodus Mobile app, users can connect their Solana DApps to Exodus. Additionally, Exodus boasts its third-party staking API provider Everstake, making the staking process more straightforward.

Pros and cons
Pros
Cheaper transactions on Solana Pay
No staking fees when utilizing Solana on Exodus
Cons
No two-factor authentication (2FA)
4. Atomic Wallet
4. Atomic Wallet
Go to Atomic Wallet
What is it?
Atomic Wallet is available across all devices and has a user-friendly interface. This multichain wallet lets users trade, swap, and stake an expansive range of cryptoassets, including Solana (SOL). The wallet is available both as a desktop and mobile app.

Why we chose it?
Simple Atomic Wallet’s design is beginner-friendly. Apart from SOL, investors can stake other proof-of-stake (PoS) coins and store their Solana, Ethereum, or BNB Chain NFTs in Atomic Wallet.

Atomic Wallet also operates a crypto exchange known as Atomic Swap, which they claim is decentralized and allows swapping cryptoassets without a middleman.

Pros and cons
Pros
Supports over 1,000 cryptoassets
Offers a range of staking opportunities
Cons
No integration with cold wallets
Doesn’t support multi-signature permissions or two-factor authentication
5. Math Wallet
5. Math Wallet
https://mathwallet.org/en-us/
What is it?
Math Wallet is a multi-purpose web3 application that supports many blockchains, including popular ones like Ethereum and Polygon. Users can stake SOL and other cryptos, perform DeFi (decentralized finance) activities, and navigate DApps on different networks.

Math Wallet is available on desktop and mobile.

Why we chose it?
One notable aspect of Math Wallet is its extensive features. It also allows stakers to choose between several validators, offers Ledger integration, and features MathGas, a gas price tracker for supported cryptos, and MathVault, a staking pool. It also provides a DApp store.

Pros and cons
Pros
Demo account helps new users learn without losing funds
Works on more than 100 chains, including Bitcoin and Ethereum
All-in-one wallet, DApp store, and staking application
Cons
It’s custodial, meaning you don't own your private keys.
6. Coinbase Wallet
6. Coinbase Wallet
Go to Coinbase
What is it?
Coinbase Wallet is a non-custodial wallet that allows you to access your crypto holdings on Solana, Ethereum, Bitcoin, and other blockchains, including layer-2 networks. It’s accessible both on desktop and mobile. The wallet integrates with hardware wallets such as Ledger and connects with various DeFi apps.

Why we chose it?
Because Coinbase Wallet is compatible with the Coinbase exchange, users can buy, sell, and transfer crypto assets between both accounts. For newbies, Coinbase Wallet presents a user-friendly option for interacting with DeFi.

Pros and cons
Pros
Easy to use
Supports several leading chains
Intuitive in-app trading and swaps
Cons
Not open-source
7. Glow Wallet
7. Glow Wallet
Go to Glow Wallet
What is it?
Glow Wallet is a user-friendly Solana wallet designed primarily for iOS, though it’s now also available on Android and as a browser extension. Glow Wallet enables users to trade, send/receive, and earn rewards by staking SOL or burning spam tokens.

Why we chose it?
Glow Wallet features several iPhone-specific functionalities like Safari mobile integration and iCloud backups. Users can display their NFTs in a gallery and list them in marketplaces like Magic Eden without switching wallets. They can also swap coins with no fees.

Pros and cons
Pros
Tailored for NFT holders and iPhone users
Allows users to burn received spam tokens and earn SOL
Cons
Mainly designed for iOS
No multi-chain support
8. Ledger Wallet
8. Ledger Wallet
Go to Ledger
What is it?
Ledger Wallet is a popular hardware wallet that supports multiple cryptoassets and chains, including Bitcoin, Ethereum, and Solana. The wallet integrates with different software wallets, elevating its functionality and allowing users to send/receive, trade, and manage their cryptoassets, including Solana (SOL).

Why we chose it?
The hardware wallet stores crypto holdings offline, protecting funds from hackers. Users can use this wallet as their primary wallet, staking cryptoassets through the available extensions.

Ledger offers investors a relatively affordable rate for a hardware wallet, which comes with the user-friendly Ledger Live app. Ledger Live helps users manage their crypto holdings and transactions on a desktop.

Ledger Wallet integrates with several Solana wallets, such as Phantom and Solflare. Moreover, stakers can select their Solana validators from the list available. ‍Meanwhile, the wallet has a PIN code, which provides an additional security level, while a 24-word seed phrase will help recover cryptoassets in case the device is lost.

Ledger Wallet is available in three models: Ledger Nano X, Nano S Plus, and Stax.

Pros and cons
Pros
High security
Affordable models, e.g., Ledger Nano X, which comes at an entry-friendly price
Comprehensive support for software wallets like Phantom and Solfare
Cons
Not free
9. Trust Wallet
9. Trust Wallet
Go to Trust Wallet
What is it?
Trust Wallet is a platform with an intuitive interface that helps users trade, earn, and manage SOL. Additionally, Trust Wallet allows you to manage NFTs and explore DApps.

The multichain wallet facilitates the exploration of other digital assets and supports Bitcoin, Solana, Ethereum, and Polygon, among others. This wallet is available on iOS, Android, and as a Chrome extension.

Why we chose it?
Trust Wallet facilitates exploration into 10+ blockchains. Moreover, its mobile-centric design provides convenience by allowing users to manage their Solana assets on the go. Users also enjoy interaction with DApps on the Solana network. This non-custodial wallet is a great option for investors with diverse cryptoasset holdings since it supports multi-currency wallets and other blockchains.

Pros and cons
Pros
Beginner-friendly user interface
Supports a wide array of digital assets
Seamless interactions with Solana NFTs and the DeFi ecosystem
Cons
Browser extension only available for Chrome
10. Ellipal: Titan Wallet
10. Ellipal: Titan Wallet
Go to ELLIPAL
What is it?
Ellipal Titan Wallet is a hardware wallet for managing a wide range of digital assets. It is user-friendly for new and experienced users looking to invest in cryptocurrency, stake, make transfers, and exchanges.

The wallet also has its own iOS and Android apps and supports NFTs.

Why we chose it?
This wallet acts more like a smartphone than a regular hardware wallet. It boasts a touchscreen and lets you scan a QR code to authorize private transactions.

Ellipal Titan’s air-gapped hardware wallet security is an option for investors seeking to protect their cryptoassets against hacking. It allows two-factor authentication and automatic self-destruction. You can also connect the mobile app to third-party wallets like MetaMask.

Pros and cons
Pros
High level of security
Comprehensive support for 10,000+ tokens and coins
Cons
Quite pricey
Lacks a web interface and desktop app
11. NGRAVE ZERO Wallet
11. NGRAVE ZERO Wallet
Go to NGRAVE Zero
What is it?
NGRAVE Zero is a Solana wallet with a user-friendly interface and sleek look. The hardware wallet supports multiple cryptoassets, including SOL, BTC, and ERC-20 tokens. Users can also receive funds, make transactions, and explore NFTs.

Why we chose it?
It boasts security features like biometric access and a fully offline setup with complete air-gapped operation. The latter means it doesn’t come into contact with the internet or network connections like bluetooth. This wallet is another option for investors seeking security for their crypto holdings.

Pros and cons
Pros
Excellent security features
Built using military-grade materials
Comes with NGRAVE LIQUID, an app that commences, manages, and signs transactions
Cons
Expensive
Limited functionality in terms of asset support and DApp integrations
12. Slope Wallet
12. Slope Wallet
Go to Slope Wallet
What is it?
Slope Wallet is a non-custodial wallet that supports Solana and other networks. While it’s mobile-first, it allows for web integration and is accessible on Chrome Extension. The web3 wallet supports SOL, SPL tokens, token swaps, Solana DApps, and NFTs.

Why we chose it?
Slope Wallet offers a user-friendly interface for a cross-blockchain user. Another notable feature is the appealing interface for displaying Solana NFT collectibles and support for multiple devices.

Pros and cons
Pros
Seamless access to the Solana ecosystem
Accessible on mobile and browser extension
Cons
Enhanced security measures required to curb vulnerabilities
13. CLV Wallet
13. CLV Wallet
Go to CLV Wallet
What is it?
CLV Wallet works on mobile devices, desktops, and web browsers. In addition to Solana, it connects to Ethereum, Polkadot (DOT), BNB Smart Chain, and integrates DeFi applications.

CLV users can send, receive, wrap, and unwrap cryptoassets in a non-custodial setting. The wallet offers users multichain DApp support, internal swap, and NFT support.

Why we chose it?
Clover is an open-source wallet. Clover’s MetaMask-like browser extension wallet provides integrated support for many networks, including Ethereum, Polkadot, and Avalanche.

Pros and cons
Pros
Offers cross-chain DeFi utility
Cons
No hardware wallet integration
Best Solana Wallets comparison chart
Wallet Staking Swap NFT Support Customer support Hardware Wallet integration Support for Other Chains Interface
Phantom Yes Yes Yes Chatbot, Ticket, Social Media Yes Yes Mobile, Browser Ext.
Solflare Yes Yes Yes 24/7 Live chat Yes No Mobile, Browser Ext.
Exodus Yes Yes Yes E-mail, Social Media Yes Yes Mobile, Browser Ext.
Atomic Yes Yes Yes Email, Social Media No Yes Mobile, Browser Ext.
Math Yes Yes Yes Phone, App Yes Yes Mobile, Browser Ext.
Coinbase Yes Yes Yes Email, Live chat, Twitter Yes Yes Mobile, Browser Ext.
Glow Yes Yes Yes Email Yes No MobileBrowser Ext.
Ledger Yes Yes Yes Email, Social Media Yes Yes Mobile, Desktop
Trust Wallet Yes Yes Yes Social Media, Submit a ticket online Yes Yes Mobile, Browser Ext.
Elipall Titan Yes Yes Yes Twitter, Social Media, Email Yes Yes Mobile
NGRAVE ZERO Yes No Yes Email, Social Media Yes Yes Mobile
Slope Yes Yes Yes Email, Chat Yes Yes Mobile, Web
CLV Wallet Yes Yes Yes Facebook, Twitter, Email No Yes Mobile, Browser Ext.
What are Solana wallets?
Solana is a major blockchain ecosystem ($65+ billion in market capitalization). The layer-1 public chain boasts faster transaction speeds and lower fees than Ethereum.

Launched in March 2020, Solana’s value has fluctuated sharply, with prices predicted to hit highs of up to $876 by 2035.

Generally, a crypto wallet is a software or hardware that permits a wallet owner to send and receive tokens and/or interact with web3 decentralized applications (DApps).

A Solana wallet is a unique crypto wallet that stores SOL, Solana’s native coin. It also facilitates the transfer of tokens issued on this blockchain.

It supports DeFi activities on the Solana blockchain, including swapping, staking, and bridging. It can be a software (hot) or hardware (cold) wallet. The distinction between hot vs cold wallets lies in their nature: cold wallets are physical devices, whereas hot wallets are digital, existing as browser extensions and apps.

Hardware wallets are usually more secure and are only sometimes connected to the internet. Conversely, software wallets remain connected to the internet, offering easy access and convenience.

Since cryptoassets typically reside on a blockchain, Solana hardware wallets don’t store cryptoassets. Instead, they keep the private keys that provide access to your SOL, helping you safeguard the private keys from hackers.

How do Solana wallets work?
Solana wallets store your private keys, which give you access to your SOL and Solana Program Library (SPL) tokens. In some cases, also Solana NFTs. Transferring funds between Solana wallets is pretty straightforward. You paste the Solana wallet address you are sending to, select the amount, and click send. To send Solana, you sign a transaction using your private keys. The transaction includes the token amount and the destination address. This transaction is broadcasted to the Solana network, verified, and then added to the next block on the blockchain.

How to choose the best Solana wallet
Aside from robust security, a good Solana wallet should have several essential features. To select the best Solana wallet, go for one with the below characteristics:

User-friendliness: A great user interface allows users to navigate the site easily and experience intuitively, making it suitable for beginners and well-versed users.
Multifunctional: You want a wallet that facilitates multiple uses, including buying, storing, native swapping and staking, and DApp connectivity.
Multi-blockchain support: Consider getting a wallet that supports different blockchains. This feature lets you hold all your crypto in one wallet while enabling interaction with other wallets and blockchains.
DApp connectivity: A wallet should allow you to interact with NFTs, DApps, and DeFi on the Solana ecosystem. Therefore, go for one that connects to popular marketplaces and exchanges.
Device compatibility: Opt for a wallet accessible on multiple devices and platforms. This includes mobile, desktop, and web browser extensions. A mobile-friendly wallet promotes on-the-go transactions and facilitates payments through QR codes.
Regular updates: Frequent updates ensure your wallet stays up-to-date, eliminating bugs and minimizing vulnerabilities.
Price: Most wallets allow free access, though some wallets may charge fees for services like swapping, which might affect your returns.
Pros and cons of self-custody
While self-custody wallets offer crypto investors higher control over their digital assets, they demand increased responsibility. Below are their advantages and disadvantages.

Pros
Self-custody wallets typically charge lower transaction fees than custodial wallets
They boost ownership and control since you own your crypto’s private keys
There’s increased privacy since you don’t have to share your personal details with third parties
Cons
You are solely responsible for the security of your assets. Hence, losing your keys means losing your crypto
Managing a self-custody wallet requires a deeper understanding of crypto security
Users may experience limited customer support, unlike with centralized exchanges
Hardware wallets that support Solana
Hardware wallets (cold storage) mitigate against online attacks, including hacks, because the device stays offline. They are ideal for investors with considerable crypto holdings or those desiring long-term storage. The best hardware wallets that support Solana are Ledger, Ellipal, and NGRAVE.

Multichain wallets
The best multichain wallets that support Solana tokens include Phantom, Solflare, Glow, Exodus, Atomic, Math, Trust Wallet, and Coinbase Wallet. These wallets support wallets from other chains, such as Ethereum and Polygon.

Which Solana wallet is best for staking SOL?
Phantom is arguably the best Solana Wallet for staking SOL. The wallet streamlines the staking process, making it easy and straightforward. All you need to do is access the Solana token balance in your Phantom wallet, choose the “Start earning SOL” button, and select a validator. After specifying the staking amount, click the “Stake” button to finalize the process.

Which Solana wallet is best for trading SOL?
Solflare is arguably the best Solana wallet for trading SOL. The popular Solana wallet supports many Solana-based assets, making token swapping easy. Moreover, Solflare can be connected to MetaMask to interact with DApps and supports bridging to other blockchains, providing a range of features for traders.

Best Solana wallet for storing and trading NFTs
NFT collectors looking for the best Solana Wallet to store and trade NFTs will like Solflare. The user-friendly wallet seamlessly stores your Solana NFT collection in one place. If you are a MetaMask user, you can also manage your NFTs via the Snap interface since Solflare integrates with MetaMask.

Solana wallet security tips
crypto wallet privacy security web3 person hand phone
Follow these crypto wallet security best practices to prevent theft or online attacks:

Select a reputable wallet. Conduct thorough research to ensure your solution provider is trustworthy and their service secure.
Opt for a cold wallet: Cold wallets like Ledger keep your digital assets offline, making it harder for attackers to gain access.
Store your recovery code safely: Write down your passphrase and safely store the paper. The recovery code grants you access to your holdings if you lose access to your account.
Get a multi-signature wallet: A multisig wallet provides additional security. It entails using multiple signatures to validate a transaction. Investors considering Solana-based projects can capitalize on wallets like Liminal and Cashmere to ensure secure crypto storage.
Unlocking the potential of Solana wallets
The Solana ecosystem offers crypto investors numerous opportunities. Users can buy NFTs, stake, receive, swap, or transact tokens, and interact with the multiple DApps on the chain. The right wallet is crucial as it aids in securing, transacting, and effectively managing SOL tokens. Moreover, it allows you to engage in DeFi activities.

Choose the best Solana wallet based on your needs. Whether you seek security, ease of use, or multi-chain support, there’s a wallet that will work for you. Leverage this comprehensive Solana wallet review to select the most suitable home for your digital assets.

Frequently asked questions
What happened to Sollet?
Sollet was a popular Solana Wallet that ceased operations abruptly. It shut down in December 2022. Fortunately, Sollet wallet users can regain access to their digital holdings by importing their Sollet seed phrase to a different wallet.

What’s the best Solana wallet app?
The best Solana Wallet app is the one that best meets your needs. That said, the most popular Solana wallet apps include Phantom, Solflare, and Exodus. They all provide a secure and reliable way to interact with the Solana ecosystem.

Can you mine Solana?
You cannot mine Solana in the traditional way because it is a proof-of-stake cryptocurrency. That said, you can earn rewards by staking your tokens with a validator. Validators also earn commissions on rewards generated by those who stake with them.

Can I use MetaMask for Solana?
You cannot use MetaMask for Solana because the two are incompatible. While you can’t use MetaMask directly for Solana, you can use the Solflare interface (Solana Snap for MetaMask) or connect your MetaMask to Solflare.com. Solana Snap lets MetaMask users manage SOL tokens by providing access to the Solana ecosystem.

Is there an official Solana wallet?
There is no official Solana Wallet. However, there are several reputable wallet options suitable for use on the Solana blockchain. Users can use such wallets to send, receive, exchange, buy, and interact with SOL tokens. Examples include Phantom, Solflare, Atomic, and Coinbase Wallet.

What wallets are the best for Solana?
The best wallets for Solana are those tailored to specific user needs. For instance, Phantom and Solflare are excellent for users focused solely on Solana. Safety-conscious Solana users can go for NGRAVE Zero and Ellipal, which boast top-rate security features, while those seeking multi-coin functionality can pick Math Wallet.

What wallets support Solana Pay?
Wallets that support Solana Pay include Phantom, Trust, Solflare, and Glow. Solana Pay is a protocol that allows developers to integrate payments into their apps. It promotes payments on the Solana blockchain.

How do I get a Solana wallet?
To get a Solana Wallet, head to the Solana website and select your preferred wallet app from the options available. You will find different browser and mobile app-based wallets on the site.

Can I store Solana on Trust Wallet?
Yes. You can store Solana on Trust Wallet. This non-custodial wallet allows Solana users to receive, buy, send, and exchange Solana tokens. Other than Solana, Trust Wallet supports dozens of cryptoassets across different blockchains.

Is Phantom a Solana wallet?
Phantom began as a Solana-focused crypto wallet. However, it now provides multichain support. Other supported tokens include Ethereum’s ERC-20.

Get fast shipping, movies & more with Amazon Prime

Start free trial

Enjoy this blog? Subscribe to Naser9

1 Comment