Solana (SOL) is a blockchain project that showed significant promise throughout 2021. The coin was so popular at one point that it flipped Cardano! Now that it has cooled off a little, it might be time to add some SOL to your wallet. But, of course, this begs the question, which is the best Solana wallet?
Let’s look at some of the best options in the market.
1. Solflare
Source: https://solflare.com/
First up on the list is Solflare, although this could easily be Phantom. Solflare was among the first wallets developed specifically for Solana. Created by Solana Labs, Solflare is a high-quality Solana wallet available on various platforms.
This non-custodial wallet supports Android and iOS mobile platforms, along with a Chrome extension, which allows you to manage your funds in your web browser. In addition to staking your SOL right in your Solflare wallet, you can also perform in-wallet swaps and store your visual and audio NFTs.
Solflare aims to encourage new SOL holders and investors to start staking and actively participate on the chain. That’s why Solflare focuses on providing services appealing to anyone in the crypto industry. So whether you’re a newbie or a veteran trader, you’ll find value with Solflare.
If you’re looking for a multi-platform Solana wallet that offers a feature-rich experience and simple to use interface, Solflare is an excellent option. Users can easily swap and stake tokens, store NFTs with complete metadata, and learn more about crypto with Solflare’s guide and academy. You’ll be hard-pressed to find a Solana wallet that offers more.
Pros
- Chrome, iOS, and Android support
- Stake SOL
- Swap tokens
- Store NFTs
- Solflare Academy offers ways to learn about Solana and crypto
- 24-word recovery phrase for additional security
- Non-custodial
Cons
- Not open-source software
- Doesn’t support all NFT mints
2. Phantom
Source: https://phantom.app/
Phantom gives Solflare a run for its money when it comes to the best Solana wallets. This non-custodial wallet comes in second on our list mostly because it’s only available through web browsers and on iOS. Unfortunately, there’s no Android support at this time. However, you can install its Solana web extension on Brave, Chrome, Edge, and Firefox.
Like Solflare, Phantom offers swaps with low fees, SOL staking, and a home for your favorite NFTs. Plus, you’ll have plenty of privacy as Phantom doesn’t track any of your personal information, including your account balances, addresses, or any other types of identifiable data.
While Phantom doesn’t offer an academy like Solflare, it does offer a support bot. So, if you run into trouble, you can reach out and get your questions answered.
Pros
- Multi-browser support
- Non-custodial
- Stake SOL
- Swap tokens
- Store NFTs
Cons
- No Android support
- Only 12-word recovery phrase
- New to the Solana world (launched in 2021)
3. Sollet
Source: https://www.sollet.io/
Third on the list of best Solana wallets is Sollet. However, this wallet sets itself apart by stating that it is a wallet for developers and advanced users. If you’ve just dipped your toes in crypto, or haven’t moved too far from the shore, Sollet is not the wallet for you.
On the other hand, if you’re looking for an advanced wallet to store your SOL, Sollet is an excellent option. Sollet sets itself apart from Solflare and Phantom by supporting Ethereum ERC-20 tokens like USDT, wETH, and wBTC. Plus, it supports digital assets often used on Solana. These include Serum (SRM), MegaSerum (MSRM), and Oxygen Protocol (OXY).
Like Solflare, Sollet offers a 24-word secret recovery phrase for its users. This provides an additional layer of security to the wallet itself. Plus, you can connect your Sollet wallet with a Ledger hardware device, making it even more secure.
Deciding whether to choose Sollet wallet depends on your comfort level with using a crypto wallet and how much you really need ERC-20 support. If you’re new to the crypto game, you’re probably better off going with another wallet for your Solana.
Pros
- 24-word secret recovery phrase
- ERC-20 support
- Supports most coins on the Solana platform
- Integrates with Ledger hardware wallet
- Non-custodial wallet
Cons
- Not ideal for those new to crypto
- Basic UI
- No staking functionality
4. Exodus
Source: Exodus.com
One of the best multi-currency wallets available is Exodus. This desktop and mobile wallet is available with Mac, Windows, Android, and iOS. With support for more than 150 different digital assets, Exodus has made a name for itself as a one-stop-shop for all things crypto.
In addition to supporting a wide range of cryptocurrencies, the wallet also offers an exchange and a staking platform, which includes Solana as an option. Exodus also offers an NFT app that lets you store all your Solana NFTs.
Exodus ranks among the best in crypto wallets because of its dedication to providing a high-quality product. Users will receive regular updates as the application is constantly providing new features and adding more coins.
With all these features and a sleek user interface, it’s hard not to be impressed by Exodus. If you need a wallet that supports Solana along with other digital assets, Exodus might be just what you need.
Pros
- Supports multiple cryptocurrencies
- Desktop and mobile apps available
- Sleek, easy to use interface
- Staking support
- Built-in exchange
- Store Solana NFTs
- Updates every two weeks
Cons
- High transaction fees
- No two-factor authentication
5. Math
Source: https://mathwallet.org/en-us/
After Exodus, we have Math, which is a well-known multi-currency wallet. Math supports well over 90 different digital assets, including Solana. It’s one of the best Solana wallets due to the features it offers users. It’s available across a wide variety of platforms, including iOS and Android.
This highly secure mobile wallet gives you a way to quickly and easily track your crypto portfolio. With Math, you can send, receive, and transfer your tokens in one easy-to-use application. Plus, Math supports decentralized applications like Ethereum, Cosmos, Polkadot, and others.
MathVault is the application that allows you to stake your SOL. With this application, you aren’t required to lock in your tokens to earn rewards. Plus, rewards are paid out on a daily basis, so you don’t have to wait around for a few weeks to receive your accumulated returns.
Pros
- Staking platform
- Very secure
- Multi-currency support
- Available on iOS and Android
- User-friendly interface
Cons
- Customer support needs improvement
- Reports of challenges when staking in iOS
6. Trust
Source: https://trustwallet.com/
As its name would suggest, Trust wallet is among the most trusted third-party wallets in the crypto market. If you’re looking for a high-quality third-party wallet for your Solana, Trust wallet offers all the features you need.
For starters, Trust wallet supports multiple cryptocurrencies, allowing users to quickly and easily buy, sell, and trade as they see fit. Additionally, users can purchase more crypto through Trust’s built-in exchange. So when you start running low on SOL, you can always buy more.
Additionally, Trust wallet supports many NFT games, like Axie Infinity and MyCrypto Heroes. It doesn’t hurt that there are multiple chains integrated into Trust wallet, including Binance Smart Chain, Thunder Token, TomoChain, and several others.
Pros
- Supports multiple cryptocurrencies and blockchains
- Excellent wallet for beginners
- In-app exchange lets you buy more crypto when you want it
- Supports staking
- User friendly interface
Cons
- Only offers mobile apps
- No two-factor authentication
7. Atomic
Source: https://atomicwallet.io/
Another well-known wallet that supports Solana is Atomic wallet. With support for over 300 digital assets, you’ll have a hard time finding a wallet that offers more coins in one place. When you’re ready to stake your SOL, you can do so with Atomic. The app even lets you select your own validator node.
Users can also purchase Solana through an on-ramp feature offered through Atomic wallet. Through wire transfers or credit cards, you can fund your account and select which crypto you want (SOL, of course). Additionally, you can use Atomic on many platforms, including macOS, Windows, Linux, iOS, and Android. So no matter what type of device you use, there’s a good chance Atomic is available.
Pros
- Easy to navigate interface
- Supports more than 300 digital assets
- Available on most widely used platforms
- Staking available
- Integration with Changelly and Shapeshift
Cons
- No hardware wallet support
- Can only purchase specific cryptocurrencies
8. Clover
Source: https://clover.finance/
If you’re big into the NFT space, Clover is among the best Solana wallets you can use. This multi-chain wallet supports a wide variety of digital currencies, including, of course, SOL. In addition to Solana, Clover supports Ethereum, Binance Smart Chain, Polkadot, Avalanche, and more.
You can add Clover as a Chrome extension or download it for either iOS or Android. When it comes to wallets that support Solana, Clover offers all the features you could want. For example, there’s an internal swap feature, multi-chain and multi-currency support, staking, and NFT support.
Pros
- Supports multiple currencies and blockchains
- iOS and Android support
- NFT support
- Staking available
Cons
- Not as secure as other wallets
- New to Solana ecosystem
9. Ledger
Source: https://www.ledger.com/
Ledger has some of the most popular hardware wallets in the industry, which include its Nano Wallet X and Wallet S offerings. These physical devices set the standard in the world of hardware wallets. With amazing security encryption levels and support, Ledger ensures your Solana is always safe.
Both devices support Solana, so you can choose the one that works best for you and your needs. Plus, there are many third-party wallets that offer Ledger integration, so you can move your SOL whenever you need to. Ledger wallets offer amazing performance and plenty of features, so you always have complete control over your cryptocurrencies.
Pros
- Very secure
- Cold storage wallet
- Excellent for beginners
- Nano X offers Bluetooth support
- Nano X supports up to 100 crypto assets
Cons
- Two small buttons make navigation tiresome
- More expensive than free wallets
- Not open-source
10. Paper Wallet
Source: https://docs.solana.com/wallet-guide/paper-wallet
The last type of wallet on our list is the paper wallet, which is exactly what it says it is. These are the most secure types of wallets you can have because they are literal pieces of paper. You print off your SOL information and store it in a safe place like a bank or storage vault. The only information on the paper is your wallet information, not the number of coins you own.
With a paper wallet, your private keys aren’t kept online with a paper wallet, so it’s impervious to hackers. However, you must enter each transaction manually, so it can be tedious if you plan on moving your SOL often. Paper wallets offer the best protection and security you could want. It’s simply a matter of printing it off and keeping it in a safe place.
Pros
- Easy to create
- Doesn’t cost anything
- Safest way to store your wallet information
Cons
- Vulnerable to fire and water damage
- Not ideal if you have a lot of coins
- Can be a challenge to transfer funds or bring them back online
Plenty of Choices
So then, which one? The right Solana wallet is going to depend on what you need. What features do you prefer to have? Do you just plan to send and receive your Solana? Do you want a wallet that lets you stake your assets? What about NFTs?
As you can see, there are a variety of options available. Keep in mind, Solana hasn’t been around and isn’t as popular as Bitcoin and Ethereum, so their wallets aren’t quite as clean and sleek. It’s still early though, so don’t get discouraged. These wallets have the functionality you want. That’s why they’re among the best Solana wallets out there.
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