Guide to the Best Solana Wallets

With over 400K monthly users, Phantom is a popular choice for managing Solana assets. The wallet features an efficient token-swapping capability with low fees for quick exchanges. Users can stake their SOL tokens to earn rewards, which are automatically transferred to their wallet.

Phantom integrates easily with various Solana dApps and popular NFT marketplaces like SolSea, Solanart, and Metaplex. Users can mint media as NFTs directly and burn unwanted NFTs for SOL.

Phantom is available as a mobile app (Android, iOS) and a browser extension (Brave, Chrome, Firefox). It has been audited by Kudelski Security, and the audit report is available on Phantom's website.

Phantom wallet also offers the following features:

• Easy-to-use staking for earning rewards

• NFT management for storing and interacting with Solana NFTs

• Low-fee token-swapping functionality

• Multi-chain support (Solana, Ethereum, Polygon)

• Security audit performed by Kudelski Security

2. Solflare - Secure Solana wallet for staking

Solflare is one of the best Solana wallets, designed specifically for the Solana ecosystem. Like Phantom, it offers features such as token swapping, NFT storage, SOL staking, and Ledger integration for enhanced security.

Solflare strengthens security with a 24-word mnemonic phrase, and supports staking, swapping, and bridging through the wallet.

Solflare is also compatible with Solana Pay, allowing businesses to accept fast transactions with minimal gas fees. It is easily accessible through Google Play, the App Store, and as a Chrome browser extension.

Solflare wallet offers the following features:

• Manage investment assets through integration with Solrise

• Connect MetaMask to Solana dApps via Solana Wallet Snap

• Enhanced security with a 24-word mnemonic phrase

• Staking, swapping, and bridging capabilities

• Compatibility with Solana Pay for fast transactions and near-zero gas fees

• Available on mobile (Android, iOS) and as a Chrome extension

3. Torus - User-friendly Solana Wallet

Torus, launched in 2019, offers a Solana-based crypto wallet with one-click login for web3 platforms like decentralized exchanges and NFT marketplaces.

It provides a simple gateway to decentralized ecosystems by using familiar web2 login methods like Google, Facebook, and Discord, attracting over 640K monthly users.

The login service only holds one part of the private key, making it impossible to access the full key independently, with other shares held through device authentication or recovery passwords.

Key features of Torus Wallet include:

• Simple setup using a Gmail account, bypassing most web3 jargon.

• No need for complicated seed phrases; users can regain access via email or social login.

• Access billions of existing social network accounts through web2 authentication.

• Trustless user identities with no single authority in control.

• Secure social login using Shamir Secret Sharing as part of TKI.

• Supports Ethereum, Solana, Polygon, and BSC.

Torus ensures the security of its infrastructure with regular audits, conducted by trusted experts such as Certik (backend), Aniket Kate (academic), Cure53, and Kudelski, making it a reliable choice for those seeking the best Solana wallet.

4. Backpack - Solana Wallet Supporting xNFTs

Backpack stands out as one of the best Solana wallets, designed specifically for enthusiasts and NFT collectors. It integrates seamlessly with Solana's dApps and DeFi platforms, providing smooth functionality for staking, swapping, and managing liquidity.

Its standout feature is an NFT-centric design that enhances displaying, managing, and interacting with NFTs, including xNFTs—tokens representing fractional ownership of real-world assets or experiences.

Backpack also includes seed phrase backup for secure recovery and supports hardware wallet integration for offline storage.

However, as a new wallet focused on xNFTs, it may have a learning curve and fewer support options compared to more established wallets.

5. Exodus - Multi-Currency Solana Wallet

Exodus Wallet is a multi-currency wallet with an intuitive interface that supports Solana (SOL), SPL tokens, NFTs, and DeFi features like SOL staking. Explore our guide on the best Solana validators to boost rewards and enhance security.

Renowned for its 24/7 support and integrated exchange, Exodus is a strong contender for the title of best Solana wallet, despite lacking two-factor authentication and multi-signature support.

In September 2024, Exodus integrated XO Swap into Ledger Live, allowing Ledger users to securely swap thousands of crypto pairs directly from their hardware wallets.

Best Solana Hardware Wallets

For those who prioritize security when managing their Solana assets, hardware wallets are an excellent choice.

1. Ledger Flex

Ledger Flex is a strong contender for the best Solana wallet, striking a balance between security and usability at a competitive price. Like other Ledger devices, it uses a Secure Element chip to keep your private keys safe from threats.

Its 2.8-inch Secure E Ink® touchscreen offers an intuitive interface without compromising security. Additional features like NFC, USB-C, Bluetooth, and up to 10 hours of battery life make Ledger Flex a convenient choice for secure self-custody of Solana and other assets.

2. Ledger Stax

Designed by Tony Fadell, the creator of the iPod, Ledger Stax features the world's first 3.7-inch curved secure E Ink® touchscreen, which wraps around the device. Users can customize the lock screen and spine with images or NFTs, and even label the spine.

Ledger Stax supports over 5,500 cryptocurrencies and integrates with Ledger Live for asset management, staking, and DeFi.

3. Trezor

The Trezor wallet, created by Satoshi Labs, is a leading contender for the best Solana wallet, offering secure hardware solutions since 2014. It supports Solana, Bitcoin, Ethereum, and over 1,200 other cryptocurrencies.

The flagship models are Trezor One and Trezor Safe, with the latter featuring a touchscreen. Trezor wallets function as cold storage, keeping private keys offline for maximum security. They are managed through Trezor Suite, a platform for buying, selling, and swapping crypto.

4. SafePal

Launched in 2018, SafePal is Binance Labs' first hardware wallet investment. SafePal wallets are non-custodial, allowing users to maintain control of their private keys.

The SafePal S1 hardware wallet includes EAL5+ certification and a self-destruct feature for enhanced security. It supports over 54 blockchains and thousands of coins and tokens.