The best crypto wallet depends on how you use crypto. For daily trading and dApp access, a hot wallet gives you speed and flexibility. For storing larger holdings long-term, a cold wallet keeps private keys completely offline. Most serious users run both.
Best Hot Wallets
Hot wallets are best suited for daily use for trading, swapping, connecting to dApps, and managing assets across chains.
Backpack
Backpack is a non-custodial wallet available on iOS, Android, and browser extension. It supports Sui, Solana, Ethereum, Monad, Eclipse, Polygon, and 15+ other blockchains from one interface.
For active users managing assets across chains, Backpack covers the full workflow from self-custodial storage to regulated trading without leaving the app. It is one of the few hot wallets that supports three hardware wallet brands simultaneously, Ledger, Trezor, and Keystone, giving users flexibility in how they secure private keys. Cross-chain swap and bridge happen natively inside the wallet, no third-party bridge apps. Tokenized U.S. stocks on Solana can be held directly in the wallet alongside crypto. Backpack Exchange, accessible directly from the wallet, supports spot trading, perpetual futures, earn yield, and U.S. stocks, all in one app.
Features:
- Store, send, and receive tokens across 15+ blockchains
- In-wallet swap and bridge across supported networks, no third-party apps
- Tokenized U.S. stocks on Solana: hold tokens redeemable 1:1 for real shares through Backpack Securities, alongside your crypto in the wallet
- NFT management: view, trade, and lock collections to prevent unauthorized transfers
- Hardware wallet support: Ledger, Trezor, Keystone
- Testnet faucet access for dApp developers
- Connected to Backpack Exchange for spot, perpetuals, earn yield, and U.S. stock trading, all in one app
Phantom
Phantom is a self-custodial wallet available on iOS, Android, Chrome, Firefox, Brave, and Edge. It supports Solana, Ethereum, Base, Polygon, Sui, Monad, and Bitcoin.
Features:
- Multi-chain asset management across all supported networks from one interface
- Cross-chain swapper
- NFT management with dedicated NFT tab
- Token Pages: discover trending tokens with market cap and volume data
- Sign in with Google or Apple account (no seed phrase required)
- Staking for supported assets
MetaMask
MetaMask is a self-custodial wallet developed by Consensys, available on iOS, Android, Chrome, and Firefox. It is built for Ethereum and EVM-compatible networks, with Solana support added in 2025.
Features:
- Ethereum and all EVM-compatible networks, plus Solana and Bitcoin
- Open-source firmware
- MetaMask Swaps: aggregates liquidity from multiple DEXs (0.875% service fee)
- MetaMask Snaps: third-party extensions that add functionality beyond EVM chains
- MetaMask Card: Mastercard-backed debit card for spending crypto at 150M+ merchants
- Hardware wallet support: Ledger, Trezor
Trust Wallet
Trust Wallet is a self-custodial wallet available on iOS, Android, Chrome, Brave, Firefox, and Edge. It supports 100+ blockchains and 10M+ digital assets.
Features:
- 100+ blockchains natively, including Ethereum, Solana, BNB Chain, Bitcoin, and more
- Staking for ETH, BNB, SOL, ADA, TRX, and other supported assets
- Token swaps with limit order support
- Perpetual futures trading via Hyperliquid integration (availability varies by region)
- Biometric authentication
- Open-source Wallet Core (MIT license)
Coinbase Wallet
Coinbase Wallet is a self-custodial wallet available on iOS, Android, and Chrome. It is developed by Coinbase and supports EVM chains with native Base network integration.
Features:
- Smart Wallet: passkey-based setup with no seed phrase required, gasless transactions on Base
- Token swaps and staking
- Ledger hardware wallet support
- Direct integration with Coinbase exchange for buying and selling crypto
Best Cold Wallets
Cold wallets store private keys on a physical device, offline. They are not connected to the internet during storage, making them the most secure option for long-term holdings.
Ledger
Ledger produces hardware wallets managed through Ledger Wallet (formerly Ledger Live), available on desktop and mobile. Current devices include Ledger Flex, Ledger Nano X, Ledger Nano Gen5, and Ledger Stax.
Features:
- Secure Element chip with CC EAL6+ certification (Ledger Flex)
- Secure Screen: transaction details displayed on a trusted display that cannot be spoofed
- Supports 5,000+ coins and tokens
- Connects via USB-C, Bluetooth (Nano X, Flex), and NFC (Flex)
- Direct dApp connectivity on Ledger Nano Gen5
- In-app swaps, staking, and earn features via Ledger Wallet
- Clear Signing: human-readable transaction details on the device screen before approval
- Compatible with MetaMask, Backpack, and other hot wallets as a signing device
- 8M+ devices sold
Trezor
Trezor produces open-source hardware wallets managed through Trezor Suite, available on desktop and mobile. Current devices include Trezor Safe 5 and Trezor Model T.
Features:
- Open-source firmware, publicly auditable on GitHub
- Supports Bitcoin, Ethereum, Solana, Cardano, Avalanche, Tron, and other major chains
- Trezor Suite: unified interface for managing assets, swapping, buying, and selling
- Suite Sync: secure cross-device data syncing
- WalletConnect integration for connecting to dApps
- Phishing protection with configurable dust detection
- Ethereum staking (stake, unstake, claim rewards) via Trezor Suite
- OTC/Concierge trading option for large trades
Keystone
Keystone produces air-gapped hardware wallets. The current flagship device is the Keystone 3 Pro, managed via the Keystone companion app or compatible software wallets.
Features:
- 100% air-gapped: no USB, Bluetooth, WiFi, or NFC. It communicates exclusively via QR codes
- Three Secure Element chips
- Fingerprint authentication
- 4-inch full-color touchscreen
- Supports 5,500+ coins including BTC, ETH, SOL
- Bitcoin-only firmware option for users who want a minimal attack surface
- Multi-seed phrase support
- Compatible with MetaMask, OKX, Backpack, and other software wallets as a signing device
- Open-source firmware
How to Keep Your Crypto Wallet Safe
Store your seed phrase offline. When setting up any wallet, you receive a 12 to 24-word seed phrase. This is the only way to recover your wallet. Store it on paper or a metal backup in a secure location. Never store it digitally or share it with anyone.
Use a hardware wallet for large holdings. Any amount worth protecting significantly benefits from cold storage. Hot wallets expose private keys to internet-connected devices; hardware wallets do not.
Use separate wallets for separate activities. Keep a dedicated wallet for trading, a separate one for NFT minting or dApp interaction, and a cold wallet for long-term storage. If one wallet is compromised, your other assets remain unaffected.
Enable multi-signature where available. Multi-signature requires multiple private key approvals before a transaction executes. Backpack supports multi-signature across multiple hardware vendors.
Connect your hot wallet to a hardware wallet before using dApps. This ensures transaction signing happens on the secure hardware device rather than on your internet-connected browser.
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Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Backpack. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Backpack is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice.

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