15+ Best DeFi Wallets to Store Your Crypto in 2024

Discover the ultimate gateway to decentralized finance with the best DeFi wallets available. Navigating the dynamic world of cryptocurrency requires the right tools.

DeFi wallets are the linchpin, offering secure storage and access to a spectrum of financial services.

17 Top DeFi Wallets — Reviewed

Much like the best DeFi exchanges, DeFi wallets remove the middleman from specific transactions, reducing fees and preserving anonymity.

So, without further ado, here’s a list of decentralized wallets reviewed by our team:

1. Best Wallet — Best Decentralized Wallet With Unique Features

Best Wallet is a self-custodial software wallet and a full DeFi platform offering users several unique features. For several reasons, we consider it one of the best crypto DeFi wallets available on the market.

Its mobile app — available on Android and iOS — is now available. It allows users to safely purchase, manage, and store crypto and access various DeFi features that give it an advantage over other wallets.

It has multi-chain functionality and a built-in decentralized exchange, allowing users to hold and trade thousands of different tokens. Leading tokens can be purchased with fiat currency via trusted third-party broker Wert.

Holding $BEST tokens allows users to earn high rewards on major crypto staking platforms and get early access to new crypto projects and NFTs. Holders also receive discounted trading and gas fees and get unique insights into trending crypto tokens and a crypto news feed from its built-in AI chatbot.

Best Wallet has enhanced security features with the app requiring a four-digit passcode as a minimum, with the option to add two-factor authentication and/or fingerprint ID.

2. Exodus — Best DeFi Wallet for Beginners

Exodus is a non-custodial DeFi wallet designed for beginners. Its user-friendly interface and dashboard display the most basic metrics, such as portfolio age, 24-hour change, and highest balance.

Exodus supports over 300 digital assets and more than 50 networks. It also has a built-in swap and stake option that allows users to swap over 1000 tokens and earn passive income. In addition, Exodus has a built-in marketplace for Solana, supports privacy coins like ZCash and Monero, and is integrated with Trezor. This means that its users will be able to keep their private keys offline.

Exodus is tailored for both desktop and mobile devices. The desktop app is available for Windows, Mac OSX, and Linux, while the mobile app is available for Android and iOS devices. Traders won’t have to register to use this Web 3 wallet, nor will they have to pass a KYC check. The setup process includes downloading the wallet to a desktop or mobile device and creating a secret recovery phrase.

3. Margex Wallet – Best Decentralized Crypto Wallet, Offering Price Alerts and Low Fees

Margex Wallet allows Margex users to hold their assets. The platform has more than 500,000 registered users and is available in 153 countries. Users can trade the most popular markets with 55+ assets available.

The dashboard offers an overview of the holdings and tools to stake certain assets and earn a yield. Staking on the platform is available for Ethereum and Bitcoin. It doesn’t require evident withdrawal restrictions or lock-up periods. Another feature offered by Margex is copy trading.

Users can get price alerts to stay in touch with all critical market movements. Moreover, the platform’s referral program offers users a 40% referral commission. 

The platform prioritizes security, providing an MP Shield system. If users experience issues, they should remember that there’s 24/7 live chat support. 

The platform provides some of the fastest order execution, low fees, and liquidity from over 12 providers. Its app is available for both Android and iOS users. 

4. Zengo — Mobile Crypto Wallet With DeFi Capabilities Facilitated by WalletConnect

Zengo is the perfect DeFi wallet example. It has grown rapidly and now has over a million customers in 180 countries worldwide.

The Zengo wallet has received numerous accolades from its users, including a 4.2 star rating on Trustpilot and a rating of 4.78/5 on the Apple App Store and Google Play Store. Zengo has never received a report of a hack. It undergoes security audits from different firms each year and offers its customers 24/7 support.

Zengo supports over 120+ cryptocurrencies, including some of the top DeFi protocol tokens. It also supports Wrapped Bitcoin, as an ERC20 on the Ethereum network, which allows users to use Bitcoin in DeFi protocols on the biggest DeFi blockchain.

Users can browse and access DeFi and other dApps through a dedicated dApp marketplace, with connections facilitated by WalletConnect, which results in seamless connections to some of the very best DeFi dApp on the market.

Those looking for extra security for their DeFi and trading activities can also upgrade to the Pro version of the Zengo wallet. All of the previously mentioned features are part of the free version. However, the Pro version offers users numerous benefits, including:

• Web3 Firewall — Alerts and protection from Web3 hacks
• Legacy Transfer — Automatically pass assets to another account after a period of inactivity
• Theft Protection — 2-factor authentication for large transactions
• Priority Support — Guaranteed responses within 1 hour, typically 5 minutes

5. BloFin Wallet – One of the Decentralized Crypto Wallets With Advanced Security Measures

Blofin Wallet is an easy-to-operate exchange platform led by a team of professionals that provides fund security and trading efficiency. It also offers asset transparency and security, holding a 1:1 reserve of all customer assets and giving users full transparency on its reserves and users’ funds. 

The platform offers numerous services, such as a welcome bonus, spot trading, futures and perpetual trading with up to 150x leverage, crypto buying, copy trading, educational resources, API access, and wealth management. 

Blofin emphasizes security, using advanced measures such as wallet-as-a-service custody, Merkle Tree proof of reserves, and Fireblocks insurance. The company partners with a leading blockchain intelligence platform powered by AI and aims to implement a Know-Your-Transaction solution from AnChain AI.

Right now, BloFin supports staking for three cryptocurrencies: BTC, ETH, and USDT. The app is available for iOS and Android users. The platform offers 24/7 customer support. 

6. Ledger Stax – Best Crypto Wallet for DeFi With a a First-Of-Its-Kind Screen

Ledger Stax is a next-generation hardware wallet with a first-of-its-kind screen. In fact, the screen makes the design different than the traditional Ledger’s wallet design, bringing the device to a new functionality level and enhancing user interaction.

Ledger Stax allows its users to manage over 5,500 tokens and coins and install a maximum of 100 applications. The Ledger Live App enables users to buy, swap, and stake crypto, pay with crypto, manage NFTs, and manage their portfolios.

It provides maximum security, storing users’ private keys offline on an isolated-from-the-internet secure chip. The Ledger devices are protected by PIN codes. The wallet combines the most advanced software and hardware security features to offer its users a safe and robust environment for managing their assets. 

The Ledger Live App is compatible with all the main operating systems, such as Windows, Android, and macOS. Users can connect their Ledger Stax wallet to the app through Bluetooth, guaranteeing a straightforward setup and connection process.

7. Cypherock – Among the Top 10 Decentralized Wallets With No Seed Phrase Vulnerability

Cypherock is one of the top DeFi hardware wallets with no seed phrase vulnerability. In fact, the team behind the project asserts it provides users 10x more security. Users can store four wallets within a single wallet. 

Using Shamir’s Secret Sharing, users’ private keys are cryptographically split into five parts. Users control the 4×1 Cards and X1 Vault, where each part of the keys is uniquely stored and distributed in different locations worldwide. When users want to make a crypto transaction, they fetch and tap one of the four cards on the X1 Vault. However, if they want, they’ll still be able to access their seed phrase and back it up.

The wallet is backed by strict security audits from WalletScrutiny and Keylabs, which are the same companies that noticed weaknesses in popular wallets like Trezor and Ledger. 

The platform supports over 9,000 digital assets. The Wallet Connect option allows users to participate in decentralized finance. 

Use the promo code “coldwallet” to get 17% off your purchase

8. Ellipal — Hardware Wallet That Enables Crypto Transactions via Offline QR Codes

Ellipal is the first crypto DeFi wallet that supports air-gapped transactions. This means this wallet doesn’t require wireless connections, like Wi-Fi and Bluetooth. Instead, all transactions are carried out via offline QR codes.

To conduct a transaction on Ellipal, users must enter the transfer data in the app. The app then generates a QR code that users must scan on their wallets. Best of all, the whole set-up process takes less than five minutes.

Ellipal’s other features include:

• Large touch screen
• Magnetic charging base
• Anti-tamper & anti-disassembly option
• Auto-selfdestruct feature 

Perhaps Ellipal’s most notable security feature is its auto-self-destruct feature. If tampered with, this option automatically deletes all data from the wallet.

This DeFi crypto wallet supports multiple accounts, 41 blockchains, and 10,000+ tokens, which makes it suitable for investors who want to build a diversified portfolio. It’s also available in three versions – ELLIPAL Titan Mini, ELLIPAL Titan, and ELLIPAL Titan 2.0.

9. Trezor — Best DeFi Wallet for High Security

If you’re looking for a high-security DeFi wallet, look no further than Trezor. Trezor offers two hardware wallets to purchase — the Trezor Model One and the Trezor Model T. The great thing about these wallets is that they hold your crypto in ‘cold storage’, making it virtually impossible for cyber attackers to steal your holdings.

Trezor is also compatible with Cryptotag, the best-selling seed phrase storage. This means that traders will be able to protect their wallet by recording their 12-, 18-, and 24-word BIP39 recovery words on a 6mm thick titanium.

Trezor wallets support over 1,000 coins and feature advanced security protocols to ensure that you are given the highest level of security. However, one of Trezor’s best features is the ‘Trezor Suite’, a desktop and browser app that links to your hardware wallet. This app allows you to buy, exchange, and spend without partnering with another exchange.

Trezor also offers some of the best customer support in the industry and provides a ‘Password Manager’ feature that allows you to store passwords for all of your online accounts while benefiting from Trezor’s advanced security features. Finally, Trezor even provides a unique ‘Recovery Seed’ that ensures your wallet is always accessible if you forget your other details.

10. Ledger — Leading DeFi Wallet Provider for Cold Storage

Ledger is a DeFi wallet provider that offers a hardware wallet to store crypto offline. Its wallet product, ‘Ledger Nano,’ is used by over four million people.

Although the Ledger Nano is a hardware wallet, it can connect seamlessly with the Ledger Live app, which is available on your mobile or browser. This app allows you to manage over 5,500 tokens, supporting many of the best DeFi coins. Not only that, but Ledger also enables you to buy cryptocurrency through Ledger Live in conjunction with its partner payment gateways.

Similar to the service we noted in our Crypto.com DeFi wallet review earlier, Ledger also offers a ‘Grow’ mechanism where you can stake up to seven tokens at one time. You can even run your own node if you wish, allowing you to earn rewards proportional to your stake. Finally, Ledger even provides access to a suite of other services, including DeFi apps and NFT trading platforms.

11. Blockstream Jade — An Open-Source Hardware Wallet That Allows Its Users to Store BTC and Liquid Bitcoin

Next on our DeFi wallets list is Blockstream Jade, one of the best Bitcoin-only hardware wallets that uses two security systems. Blockstream Jade offers two security models: Standard and 2FA Protected.

The standard model is more suitable for beginners since it uses one key to secure the funds. On the other hand, the 2FA Protected model is more complex, as it uses multiple keys. One is stored on the user’s device, while the other is stored on Jade’s servers.

In addition, Blockstream Jade uses a blind oracle to protect the wallet from physical attacks. Jade will communicate with a blind oracle by default, although this option can also be turned off.

Blockstream Jade is an open-source wallet that enables air-gapped transactions and is a standard wallet with a USB-C connector. It is also compatible with popular wallets like Electrum, BlueWallet, and Spectre. Jade can also be connected to Blockstream Green, Blockstram’s software wallet for iOS and Android devices.

12. Ngrave — An EAL7-Certified Cold Wallet That Places a Special Emphasis on Security

Ngrave ZERO is one of the best cold wallets that focuses on security. Users of this air-gapped wallet will have to use their fingerprints to create a perfect key and unlock their devices, in addition to an 8-digit password. Moreover, all transactions will be verified through QR scanning, light sensors, and biometric authentication.

In addition, Ngrave ZERO is the only blockchain DeFi wallet with EAL7 certification. This certificate is most commonly associated with security standards used by militaries or governments. It means that this device passed the most rigorous testing to meet specific security requirements.

Another feature that makes this wallet stand out is its recovery mechanism. This mechanism allows users to create a private key backup without the need for a third party and generates private keys in real time to ensure randomness.

Last but not least, Ngrave ZERO supports more than 3,700 cryptocurrencies, from ERC-20 and ESDT tokens to NFTs.

13. Bitbox — An Open-Source Wallet With an Intuitive Interface That Creates a Backup on Its Micro SD Card

If you’re looking for top DeFi wallets suitable for beginners, you should try BitBox02. This crypto wallet has a user-friendly interface and invisible touch sensors that facilitate navigation and verification.

Furthermore, users will be able to take advantage of its expert settings menu, where they can set custom fees, manage UTXOs, and create multiple accounts with separate addresses.

BitBox02 also has a user-friendly app that combines all BTC addresses within one menu. Users will be able to access the app using a 24-word passphrase. Likewise, they’ll be able to connect their wallet to their Android devices via a USB-C charger.

Other notable features include the Anti-Klepto protocol, which prevents the leak of private keys, and cross-platform compatibility, which enables it to work on all desktop operating systems. BitBox02 will also automatically create a backup on its micro SD card. Finally, the BitBox02 wallet supports over 1,500 cryptocurrencies.

14. SecuX — DeFi Wallet That Supports Over 10,000 Cryptocurrencies and Whose Battery Can Last Up to Seven Hours of Continuous Trading

SecuX V20 is a hardware crypto wallet that was released in 2018. What makes this wallet useful for traders on the go is its design and long battery life. On that note, the V20 has a touchscreen display of 2.8 inches, which is located inside a rectangular case made of polished aluminum. In addition to that, this device uses a 600mAh battery that lasts up to 7 hours.

SecuX V20 also includes a native DeFi wallet app for Android and iOS devices. The app supports up to 500 accounts and over 10,000 cryptocurrencies and NFTs.

When it comes to security, SecuX V20 doesn’t disappoint. This wallet uses a built-in CC EAL 5+ certified security chip to store its users’ private keys offline. It also uses tamper-resistant packaging, two-factor authentication, and a 24-word recovery passphrase. Users can also use its hidden wallet feature to separate their funds. These features make SecuX V20 suitable for traders with multiple accounts.

15. SafePal — DeFi Wallet With a Built-in Dex Feature That Also Enables Spot Trading on Binance

SafePal S1 is another participant on our list of DeFi wallets that uses robust security systems.  These include EAL5+ independent secure element, anti-tampering, and self-destruct. This is also an air-gapped wallet, which means that it doesn’t require Wi-Fi and a USB connection.

SafePal S1 also has one of the best DeFi wallet apps. The SafePal Swap app supports over 100 blockchains and has a built-in DEX feature. This means that users can trade their coins directly from the app. Users can also use the app for spot trading on Binance, connecting to multiple dApps, and yield farming.

Due to its credit card-sized dimensions, the SafePal S1 is also suitable for traders on the go. Unlike standard hardware wallets, which usually have only two buttons, the S1 has five buttons that enable different functions, from transactions to participating in DeFi activities. This device is also KYC-free.

16. Coldcard — A DeFi Wallet That Enables Interoperability Between Multiple BTC Hardware Wallets

Coldcard Mk4 is an air-gapped Bitcoin hardware wallet designed for individual use. I.e., its users won’t have to connect it with a PC or smartphone to access their digital assets. Its most notable features include brick pin mode and the timelock option. The first feature allows users to wipe their devices if a security breach occurs, while the second option allows them to delay their transactions.

Coldcard is compatible with many BTC desktop wallets, like Wasabi and Electrum. However, what makes it stand out is its PSBT support (partially signed Bitcoin transactions). This option allows users to share their partially signed BTC transactions without giving out their private keys.

In addition, Mk4 will store its users’ private keys on a micro SD card to facilitate the backup process. Moreover, ColdCard allows the use of multiple PINs, which can also be used to create fake wallets.

17. Floin — Fully-Regulated Wallet for Interacting With DeFi dApps

Floin is a fully regulated, safest DeFi wallet for your digital assets. Typically, crypto companies shy away from regulation because they fear it will affect their business operations — with some even moving their business to countries with less regulation. Floin is the opposite, as they seek to embrace regulation.

The company is based in Liechtenstein — a country that is well-known for its blockchain integration through laws. After a year of working closely with Liechtenstein’s regulatory agency — the Financial Market Authority — Floin became a fully certified Virtual Assets Service Provider (VASP).

In addition, they are KYC-, KYB-, and KYT-compliant through SumSub, Modulr, and NotaBene, three prominent verifiers in the space.

Overall, the DeFi wallet will have several components that come together to form the ecosystem. These include the following:

• A crypto and fiat wallet
• Visa integration with Google and Apple Pay
• An NFT marketplace
• A revolutionary marketplace for tokenized projects

The DeFi wallet itself is beautifully designed, allowing users to store their crypto tokens in one location. They added a fiat wallet complete with VISA integration, allowing users to purchase crypto using their credit/debit cards alongside Google and Apple Pay.

The token that powers the ecosystem is FLKT, a deflationary ERC-20-based token minted on Polygon. The starting supply for the token is one billion FLKT. Users using FLKT will enjoy benefits such as lower transaction fees and early access to STO projects. The Private Phase of the ICO started on March 16th and is now available to everyone.

What Is a DeFi Wallet?

DeFi wallets are non-custodial crypto wallets designed to store crypto assets safely. They could be hardware or software wallets, but they are most commonly software-based and can be downloaded as an app onto your mobile or tablet.

The true value and meaning of a DeFi wallet is that there is no central authority to control operations — it’s in your hands. Due to this, DeFi wallets are considered safer than other wallet types.

Aside from being used to store crypto, DeFi wallets tend to come with a host of additional services. These include token swapping, yield farming, staking, crypto purchasing, and more. Specific DeFi wallets even allow you to browse the decentralized web, meaning that you can access the entire universe of supported dApps.

How Do DeFi Wallets Work?

Whether you’re interested in a DeFi wallet for mobile devices or simply wish to store your holdings through a browser-based wallet, it’s crucial to understand how these platforms work. As touched on above, DeFi wallets are inherently ‘non-custodial’, meaning that only you have access to your private key.

The private key acts as proof of ownership and allows you to spend the funds that are contained within the wallet. Private keys can take numerous forms, although they tend to be long binary codes, hexadecimal codes, or QR codes. You may not actually have to handle your private key manually since most wallets contain a ‘seed phrase’ that encodes your private key as a backup.

Since your cryptocurrency holdings are stored on the blockchain rather than inside a DeFi wallet, private keys are crucial to showcasing ownership of those holdings. In essence, DeFi wallets keep your private key safe rather than your crypto. If you were to lose your private key and exhaust the recovery options, it’s likely that the crypto holdings tied to that key will be irreversibly lost.

Types of DeFi Wallet Accounts

Although most DeFi wallets offer services like crypto staking and token swapping, you can narrow the selection even further by opting for either a ‘cold’ or a ‘hot’ wallet. Let’s take a closer look at each of these wallet types:

How to Choose the Best DeFi Wallet for You

Choosing a DeFi wallet can be tricky, especially if you are new to the market. To help streamline the decision-making process, detailed below are some of the most important factors to keep in mind:

Security Level

Your top priority should be the wallet’s security level, which is crucial to keeping your private key safe. Although hardware wallets offer the highest level of security due to their offline nature, many ‘hot’ wallets also boast leading security protocols. These may include biometric authentication, two-factor authentication, standardization protocols, and many more.

Services Offered

Many DeFi wallets act as a ‘crypto bank,’ providing an easy way to store your holdings safely. However, the best DeFi wallets also offer additional features, such as token swapping, yield farming, staking, and more. Some wallets even provide a built-in ‘dApp browser,’ enabling you to surf the decentralized web.

Supported Assets

The assets that a DeFi wallet supports will be dictated by the blockchain that it is compatible with. For example, if a wallet links to the Ethereum blockchain, it will likely support most ERC-20 and ERC-721 tokens. However, some wallets offer multi-chain support, which exponentially increases the number of tokens they can work with.

Fees

When connecting your DeFi wallet to a bank account, you’ll likely want to review the wallet’s fees. Many wallets allow you to purchase crypto from within the platform’s interface, whether that be via credit/debit card or bank transfer. There will usually be a fee associated with this, along with network fees that accrue when a token is transferred — although these are dictated by the specific blockchain and not by the wallet provider.

User-Friendliness

Much like when choosing a DeFi staking platform, it’s a good idea to review the DeFi wallet’s user-friendliness — especially if you’re a beginner. Fortunately, platforms like DeFi Swap feature no advanced jargon or complex features, making it quick and easy to swap tokens and generate a yield right away.

Accessibility

Finally, the wallet’s accessibility should also be considered. This refers to how easy it is to access your holdings swiftly, meaning that hot wallets tend to be the most accessible. In addition, platforms like DeFi Swap can be accessed through your web browser, making them the most accessible when using services like swapping and staking.

How to Get a DeFi Wallet

Now that we’ve concluded the list of DeFi wallets, let’s discuss how to get started with one immediately. As noted earlier, Best Wallet is our top recommended platform for using decentralized finance mechanisms.

It is not only a fully secure crypto wallet with multi-chain functionality and a built-in DEX but has several other notable DeFi features.

With that in mind, the steps below will show you how to set up a Best Wallet account in less than five minutes.

Step 1 — Download App

Best Wallet is available as a mobile app for Android and iOS, and a desktop browser extension is in development.

Simply head to the App Store/Play Store and download the Best Wallet app.

Step 2 — Create Account

Next, simply input an active email address, and an account will be created. As a decentralized wallet, no further details are needed, and no KYC checks must pass.

At this stage, Best Wallet will ask you to create and confirm a four-digit passcode. Additional security features—two-factor authentication and/or fingerprint ID—can be added now or delayed until later.

Step 3 — Use Best Wallet

The Best Wallet account is now ready, and users can securely purchase and store crypto or trade in its decentralized exchange.

As mentioned above, some of the advanced features will be released in the near future.

Conclusion

In conclusion, we’ve reviewed 17 of the best DeFi wallets currently on the market to provide you with a comprehensive overview and more options to choose from. Our aim is to help you find the wallet that meets your specific needs.

Additionally, we’ve included a guide explaining DeFi wallets and how to purchase them so that you have all the necessary information in one place.

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