8 best crypto wallets for security, flexibility and control
The best crypto wallet for you depends on personal needs. Active traders may lean toward hot wallets with multi-chain support, while long-term holders often prioritize cold storage for added security.
Self-custody wallets give users direct control of their private keys, while custodial wallets entrust keys to a third party like an exchange or custodian.
Hot wallets remain connected to the internet for quick, convenient access to assets, making them convenient for frequent trading or DeFi use.
Cold wallets store private keys offline, offering enhanced security for long-term holding by reducing exposure to online threats.
Alternative wallets and backup methods can add layers of protection or convenience. These can offer users extra discretion but also come with varying degrees of complexity and risk.
Intro to the best crypto wallets 🔍
As the crypto ecosystem has matured across different types of digital assets and blockchain networks, so have crypto wallets. Today, there are a variety of different types of crypto wallets available to investors of all levels, each with their own unique advantages and limitations.
From robust hardware devices to versatile mobile apps and convenient web-based solutions to more alternative methods that cater to the most paranoid holders, there are a variety of different crypto wallets available today.
This evolution means that the specific wallet you choose can directly influence your crypto investing experience. While some users prioritize maximum security for long-term storage, others require easy access for frequent trading. Many others use a combination of different types of crypto wallets to segregate funds and provide the experience needed for their unique use case.
While some may choose to store their crypto in a custodial wallet, such as their Kraken or Kraken Pro account, a non-custodial wallet is the most effective way to truly be in full control of your own crypto.
That’s why we built Kraken Wallet, a self-custody solution that allows you to take complete control of your own private keys and not rely on any one else to keep your digital assets safe.
While we clearly think Kraken Wallet offers the ideal balance between security and convenience, the "best" crypto wallet ultimately depends on your unique goals.
This guide dives into top non-custodial wallet solutions to help you identify the best crypto wallet for your investment strategy.
Best hot wallets for crypto 🔥
Hot wallets stay connected to the internet, making them a common choice for crypto users who want quick and easy access to their funds. Most mobile and web-based wallets fall into this category, offering the convenience of managing your crypto from anywhere with an internet connection.
That said, the internet connection can heighten your vulnerability to online threats, including crypto scams. Because of these risks, it's best to steer clear of public Wi-Fi when using this type of wallet.
Let's explore some of the best hot wallets available based on their unique blend of features, security protocols, fees and availability.
Kraken Wallet
Built by the security-obsessed minds behind the Kraken crypto exchange, Kraken Wallet is a non-custodial hot wallet designed to put you firmly in control of your assets.
Kraken Wallet balances the convenience of a hot wallet with battle tested security foundation that the Kraken exchange was built upon.
As a self-custody solution, it champions the "not your keys, not your coins" mantra that crypto was built upon.
This gives Kraken Wallet users full control over the digital assets they hold in the wallet. This self-custody capability is crucial for crypto users who recognize the potential limitations and risks of third-party custody.
Kraken Wallet also offers multi-chain compatibility, which can be a significant advantage to investors who hold multiple types of cryptocurrencies across a range of blockchains, including Bitcoin (BTC), Ethereum (ETH) and Solana (SOL).
The wallet is designed with the same world-class security standards that Kraken Exchange is known for. This includes features like biometric authentication and end-to-end encryption that help to keep funds secure.
While transaction fees are inherent to blockchain networks, the wallet itself is free to download and use around the world.
Kraken Wallet is also particularly beneficial for active crypto users who engage with decentralized finance (DeFi) protocols and NFTs across multiple chains, as it provides a streamlined and secure portal to the decentralized web directly from their mobile device.
Base App
Formerly known as Coinbase Wallet, Base App is a self-custody cryptocurrency wallet developed by Coinbase. While the platform is undergoing changes, users can still access the same Coinbase Wallet features from Base.[2]
Similar to Kraken Wallet, Base offers multi-chain support which enables users to interact with an array of cryptocurrencies and decentralized applications across numerous networks.
While offering the fundamental security measures expected of a hot wallet, such as biometric authentication and PIN protection, it emphasizes the user's responsibility in securing their recovery phrase. The wallet is also available as mobile and browser extension platforms, providing access to crypto assets on the go or at a desktop.
Base could be well-suited for users who appreciate the familiar Coinbase brand but are also looking to engage more actively within the decentralized finance and NFT ecosystems.
Phantom Wallet
Originally gaining prominence as a wallet for the Solana ecosystem, Phantom Wallet is a self-custody solution for managing digital assets. It offers an experience for interacting with decentralized applications and NFTs across multiple blockchains, making it a common choice for many active Web3 participants.
While the wallet gained its initial reputation as a prominent wallet for the Solana blockchain, it has since expanded to include Ethereum, Polygon, Bitcoin and other networks. A notable feature of Phantom Wallet is its emphasis on proactive security, particularly its "Transaction Previews" functionality.
This feature provides real-time warnings if a user is about to sign a potentially malicious transaction. It aims to reduce the risk of falling victim to common crypto scams or unknowingly interacting with harmful smart contract.
Coupled with self-custody, biometric authentication and hardware wallet integration[9], Phantom provides layers of protection for user assets. This wallet is an option for active DeFi users who are deeply embedded in the Solana ecosystem or plan to explore it alongside other major blockchains.
Trust Wallet
Acquired by Binance in 2018, Trust Wallet is a mobile-first, self-custody crypto wallet that allows users to store, send and receive digital assets.
Trust Wallet supports multiple digital assets from a single application. This can benefit individuals with diverse portfolios or those who frequently explore different ecosystems, from major Layer 1s to various Layer 2 solutions as well as new crypto tokens. The ability to interact with dApps directly through their built-in browser could be a benefit for active Web3 participants.
The wallet operates on a self-custody model, ensuring users maintain direct control over their private keys, a fundamental aspect for those prioritizing ownership of their digital assets.
Trust Wallet integrates standard security measures, including biometric authentication and PIN protection, to help secure the wallet on the user's device. While the wallet itself is free to use, the respective blockchain networks users interact with charge transaction fees.
Trust Wallet is an option for both new and experienced crypto users seeking a versatile, multi-chain hot wallet with a focus on self-custody and broad dApp access.
MetaMask
MetaMask is a self-custody crypto wallet that has long served as a gateway for interacting with the Ethereum blockchain.
In fact, MetaMask was only compatible with Ethereum and EVM-compatible networks until May 2025 when they added support for Solana and SPL tokens. However, MetaMask still does not natively support Bitcoin and Bitcoin Runes tokens.[30][31]
Available as both a browser extension and a mobile app, MetaMask provides users with direct access to decentralized applications (dApps) and various Web3 functionalities.
MetaMask has long been known for its role as a key interface for the Ethereum and EVM-compatible blockchain ecosystems. Its primary strength is its integration with the decentralized web, making it a go-to tool for connecting to various dApps, decentralized exchanges (DEXs), NFT marketplaces and Web3 games.
The wallet operates on a self-custody model, providing users with control over their digital assets by maintaining their private keys locally. MetaMask also provides security measures, including on-device encryption for keys and options for biometric authentication. It can also integrate with hardware wallets for added security for high-value assets.
While transaction fees are determined by network congestion and the specific blockchain used, the wallet itself is free. MetaMask is particularly suited for users who are interacting with the Ethereum ecosystem and those who require a tool for daily Web3 activities.
Best cold wallets for crypto 🧊
Unlike hot wallets, cold wallets store crypto offline, which helps them to be considered the most secure options available for long-term crypto storage. These wallets typically come in the form of hardware devices or even paper backups. Because of that, they do not maintain a constant connection to the internet like hot wallets, which helps reduce the risk of hacks, phishing attempts or malware attacks.
However, cold wallet’s security comes with trade-offs. Cold wallets require more setup time, and accessing your funds isn’t as fast and easy as with a hot wallet. But, for long-term investors or those holding large balances, the added protection of more limited connection to the web often outweighs these added steps.
Cold storage may also appeal to users who prefer full custody of their assets and want peace of mind knowing their private keys are never online.
Here are some of the best crypto cold wallet options available today, as well as important details on their different supported assets, user experience and physical security standards.
Ledger
Ledger is a highly recognized cold wallet provider in the crypto space, best known for its hardware wallets that offer secure offline storage. With support for thousands of assets and strong integration across the broader Web3 ecosystem, Ledger is designed for users who want self-custody with institutional-grade protection.
Ledger offers a strong balance between usability and security. Each device stores private keys offline using a certified Secure Element chip, an advanced technology used across many passports and credit cards today.
Users can also choose to subscribe to Ledger Recover, which encrypts and splits a backup of the seed phrase into secure fragments across multiple independent providers.[17]
Beginners may find the initial setup and on‑device confirmations more involved than most hot wallets. Because of this, Ledger may be a stronger option for long-term, security-conscious investors who manage diverse portfolios across multiple chains. It can also be a good option for those who want to occasionally interact with decentralized apps (dApps) while keeping their keys off the internet.
Trezor
Trezor is another well-established self‑custody hardware wallet brand that emphasizes open-source design and secure offline key storage for a wide range of digital assets.
Trezor also strikes a balance balance of security, transparency and asset support. Their various wallets suit users who prioritize transparency, broad coin support and strong physical security.
Newer Trezor devices like the Trezor Safe 3 and Model T include a Secure Element, which enforces PIN verification and defends against physical tampering, while still retaining open-source firmware.[25]
Advanced recovery options are supported via SLIP39 multi-share backups, and users can enable passphrase-protected hidden wallets for an added layer of privacy and security.
Trezor’s open-source design appeals to privacy-conscious users and developers who favor auditability. Users comfortable with a USB-only device and slightly more involved setup may find Trezor’s security-first approach appealing, especially for long-term storage or high-value holdings.
Tangem Wallet
Tangem Wallet is a self‑custody hardware wallet built around contactless NFC smartcards that keep private keys offline. It combines cold storage security with a tap-and-go interface.
Tangem blends minimalist hardware design with high-assurance security. Since the private key is generated inside the card’s EAL6+ certified chip, there’s no digital backup or seed phrase to manage unless users opt in.
Users who want daily crypto access without compromising custody may appreciate Tangem’s card‑based NFC model. It works by tapping a card to a smartphone in order to authenticate crypto transactions.
The Tangem ecosystem also recently expanded with the Tangem Ring, which is an NFC-enabled device that allows users to approve transactions from a discrete and convenience piece of hardware worn on a finger.[22] Those comfortable with Tangem’s mobile‑only interface who also want seedless cold storage security could find Tangem to be a compelling cold wallet option.
Alternative cryptocurrency wallets🛡️
Not all crypto wallets fit neatly into the hot or cold categories. Alternative wallets offer different ways to store or secure private keys, sometimes combining elements of self-custody and external protection. These trading tools may appeal to users looking for added discretion or control over their assets.
Alternative wallet methods could appeal to a wide range of crypto holders, particularly long-term investors, security-conscious users or those managing crypto for groups or institutions. Below are several options that fall into this alternative category, each with its own set of strengths and trade-offs.
Metal seed phrase backups
Metal backups offer a low-tech but highly durable solution for protecting recovery phrases. These backups involve engraving or stamping the seed phrase onto stainless steel or titanium plates. The result is a durable copy that can withstand fire, water, corrosion, and other extreme conditions.
Unlike digital storage, there's no hackable surface area to attack from the web. Products like these are often designed for compatibility with 12- or 24-word phrases, using punch or tile-based systems to make imprinting possible.
This method is ideal for long-term crypto holders who prefer offline storage without relying on electronic devices. It’s especially useful as a secondary backup for hardware wallet users or anyone safeguarding significant assets. However, these metal plates are only as secure as where they are kept so a secret hiding spot or strong safe can still be essential.
Multi-signature wallets (multi-sig)
Tangem Wallet is a self‑custody hardware wallet built around contactless NFC smartcards that keep private keys offline. It combines cold storage security with a tap-and-go interface.
Multi-signature wallets require multiple private keys to approve a transaction. This helps to add multiple layers of protection against theft or accidental loss — as multiple parties need to agree to approve a traction in order for it to be processed.
Even if one key is compromised, the wallet remains secure as long as the remaining keys are safe. The main users of multisig setups are institutional investors, decentralized autonomous organizations (DAOs) and crypto companies.
Multisig wallets can help reduce reliance on a single device, backup method or individual.
However, their trade-off is that setup and recovery can be more complex, and some platforms don’t support multisig natively. This makes multi-sig wallets best suited for advanced users or teams with robust custody protocols.
Brain wallets with custom passphrases
Brain wallets generate private keys from a passphrase that only the user knows, eliminating the need for physical or digital storage.
The idea is appealing to some dedicated crypto users: No hardware, no backups, no third-party risk. However, this method can be extremely risky unless the passphrase is long, random and completely unpredictable, as short or guessable phrases are vulnerable to brute-force or dictionary attacks.
However, the same characteristics that are necessarily to make brain wallets secure can also make them difficult to reliably remember for their users.
Despite the downsides, brain wallets remain an option for privacy-focused users who can manage strong password hygiene. They're suited for niche use cases where minimalism, mobility or secrecy is prioritized.
Kraken Wallet: Your gateway to crypto 🌟
While the “best” crypto wallet may be dependent on your crypto goals, Kraken wallet strikes a balance between convenience and security for all different types of crypto investors.
Kraken Wallet puts control of your crypto in your hands, combining self-custody with the trusted infrastructure behind one of the industry's longest-running exchanges.
Ready to self-custody with confidence? Sign up for Kraken and download Kraken Wallet to start your journey.
Crypto wallet FAQ 📚
Which crypto wallet is the best?
There’s no one-size-fits-all answer. The best crypto wallet for you depends on how you use your assets, what level of control you want, and how much security you need. Active traders might prioritize convenience and speed, while long-term holders may value offline storage and self-custody.
Ultimately, the right wallet supports your assets and aligns with your broader investment strategy. Some users even rely on a combination of wallets, or wallet types, to help balance convenience and protection.
How do I choose a crypto wallet?
Start by identifying your priorities: Do you need fast access for daily use, or are you looking for secure long-term storage? Consider factors like supported blockchains, custody preferences and whether you plan to interact with decentralized apps or hold NFTs.
It’s also worth weighing security features and recovery options. For many users, combining a hot wallet for accessibility and a cold wallet for backup strikes the right balance.
Can my crypto wallet be hacked?
No wallet is immune to poor security practices. While hot wallets are more exposed to phishing, malware or security breaches compared to cold wallets, human error makes it possible for all wallets to be hacked or compromised.
Using strong passwords, enabling 2FA, safeguarding recovery phrases and avoiding public Wi-Fi could help reduce the risk of compromise. For additional security resources, check out our security video series to help keep your privacy and your crypto safe.
What's the difference between a hot and cold wallet?
Hot wallets are connected to the internet and often include mobile apps, browser extensions and custodial exchange wallets. They’re ideal for frequent transactions and active portfolio management but carry a higher risk of online attacks.
Cold wallets store keys offline, typically through hardware devices or physical backups. They’re harder to compromise remotely and are better suited for long-term holding or large balances where security takes priority.
Resources
- Kraken Wallet
- Coinbase Wallet
- Coinbase Wallet security
- Coinbase vs. Coinbase Wallet
- Coinbase Wallet downloads
- Phantom website
- Phantom downloads
- Security at Phantom
- How to use Ledger with Phantom extension
- Trust Wallet website
- Trust Wallet FAQ
- MetaMark crypto
- MetaMask security
- MetaMask downloads
- Ledger website
- Ledger academy basics
- What is ledger recover
- Trezor security and privacy
- Trezor slip39
- Trezor compare
- Tangem security
- Tangem ring
- Tangem ring pricing
- Tangem website
- Trezor FAQs
- Coinbase help center
- Kraken supported assets and networks
- Phantom support center
- Trust Wallet stablecoins
- MetaMast FAQs
- MetaMask support center
- Ledger supported crypto assets
- Trezor website
- Trezor supported assets
- Tangem supported assets
- MetaMask downloads
- MetaMask user guides
- Trust Wallet security overview
- Ledger hardware wallets
- Tangem pricing