Solana wallets is are software apps that enable you to interact with the Solana blockchain. Solana wallets store your account information, and help you send and receive Solana SOL and SPL tokens. Also, Solana wallets provide a gateway to connect you with decentralized Web3 applications and NFT marketplaces such as OpenSea and Magic Eden.
Features That Make The Best Solana Wallet
Solana wallets vary greatly. Some charge low or no fees, while others charge high fees. Also, some wallets are easier to use and meant for general users, while others are packed full of features and intended for the technical crowd. The best Solana wallets usually include a good user interface design, Web3 app connectivity, in-app staking, NFT collections, and a focus on security.
1. User Interface Design
A good user interface (UI) allows you to seamlessly interact with the Solana blockchain. You can send, receive, and stake tokens easily, collect Solana NFTs, and connect to Web3 decentralized apps. A good wallet makes it easy to create a Solana account keypair, sign transactions, manage your tokens, and view your transaction history.
2. Web3 Decentralized App Connection
Solana features a fast-growing ecosystem of decentralized applications (dapps). Your Solana wallet enables you to interact with these dapps. Some Solana wallets such as Avana Wallet feature connectivity to these dapps inside of the wallet, which makes it more secure and reliable.
3. In-App Staking
Many Solana wallets give users the ability to stake their Solana SOL and earn staking rewards. Phantom, Glow, Avana Wallet, and Exodus all feature in-app staking. Staking is usually done in a couple of steps and takes less than one minute. Be aware that not all staking rewards are the same – staking rewards and fees vary by validator or liquid staking program. Always check the staking rewards yield before staking your Solana SOL.
4. NFT Collections
Solana NFTs have grown tremendously over the past couple years. Over 10 million NFTs have been minted, and thousands of collections exist. Solana wallets including Glow, Avana Wallet and Phantom provide an easy to use interface and space for you to collect, send, and list your Solana NFTs.
Security should be a focus when you select a Solana wallet. You should look for non-custodial wallet providers because these providers never have access to your Solana account’s private keys. Find a Solana wallet that is regularly updated by its developer team. Some wallets, such as Sollet, have been sunset and no longer receive active updated by developers.
Best Solana Wallets
Below is a list of the best Solana wallet when filtered by the criteria listed above. These choices include browser-based wallets and mobile-first wallets.
1. Avana Wallet
Avana Wallet is a popular Solana wallet as a browser extension. The wallet is easy to use and faster than other wallets, and it features in-wallet NFTs collectibles and liquid staking. Avana Wallet also features additional security features such as two-factor authentication.
Avana Wallet has the cheapest crypto token swaps with a 0% wallet fee. It also enables users to interact with Marinade Finance’s liquid staking smart contracts in-app. Liquid staking delegates your Solana SOL to over 400 validators, and it enables you to stake or unstake your SOL without long lockups. Avana Wallet also features a growing list of DeFi apps where you can explore the Solana Ecosystem. Avana Wallet is non-custodial, which means that you always have full control over your Solana account.
Clover Wallet is a multi-currency wallet that you can use with your smartphone or as an extension in your web browser. Clover Wallet is a multi-blockhain wallet, which means you can connect to Polkadot, Ethereum, Solana, and BNB Chain. Clover enables you to use DeFi applications cross-chain without switching between those networks.
Clover Wallet makes sending and receiving crypto easy and user friendly. Clover Wallet is non-custodial, which means you keep control over your private keys. The wallet is free to use and open-source.
Glow is a Solana wallet that enables you store, send, receive, stake, and exchange Solana tokens. The wallet features an intuitive user interface, and it enables to you to collect Solana NFTs.
Glow is now available on iOS. Glow’s mobile app features a pleasing user interface, and it works with Solana Pay. The wallet is easy to setup and features iCloud backups for iOS users.
MathWallet features the decentralized app marketplace where users can use their digital wallets to interact with services built on major chains. Math also features the Math Vault, the wallet’s mining pool. Math vault allows users to stake SOL.
Math Wallet works on multiple platforms (mobile, desktop, browser extension, and hardware integration with Ledger) and supports more than 80 blockchains. It is important to note that Math Wallet is custodial, which means that a third party controls your crypto account private keys. Some crypto custodians have lost user funds in the past.
Phantom is widely supported in the Solana decentralized app ecosystem. Phantom was released in 2021, and the wallet enables user to send, receive, store, stake, and trade digital assets on the Solana network.
Phantom has a browser extension and mobile app that you can download and use for free from their website. Phantom works with all of the major web browsers, like Chrome, Edge, Firefox, and Brave and mobile operating systems like iOS.
Solflare was one of the first wallets made for the Solana. Solflare features a browser extension, as well as a web and mobile app. At the moment, Solflare users can trade tokens on both the online app and the browser extension. The wallet is linked to the Solrise investing platform, which enables users to manage their investments from the wallet too.
Solflare uses a 24-word mnemonic phrase to improve security. Solflare’s staking system also automatically stops users from staking all of their tokens, which could prevent problems accessing staked tokens in the future.
Torus provides one-click logins for dApps through the user’s Google, Facebook, Reddit, Discord, Twitch, or Email accounts in a single step. Torus users can interact with Google emails, Reddit usernames, and Discord IDs on the blockchain, regardless of whether the recipient has logged into Torus before.
Choosing the best Solana wallet is a combination of personal preference and your experience level. The above list above provides several of the best Solana wallet options on the market today.