Solana is an open-source blockchain that's extremely popular for all things decentralized finance (DeFi), NFTs, and a variety of decentralized applications (dApps).
The native token Solana (SOL) is also one of the most valuable cryptocurrencies by market cap. But if you want to buy and hold Solana outside of a centralized exchange, or if you want to use any Solana-based services or NFTs, you need a Solana-compatible wallet.
Thankfully, there are plenty of popular Solana wallets to help you store, earn, and interact using Solana. All wallets on this list are free to download and use, though you may incur fees for using embedded trading, staking, lending, or other services.
Editor's Pick For The Best Solana Wallets:
The Best Solana Cryptocurrency Wallets
While you may prefer to add Solana to an existing software or hardware wallet you already use, these are among the most popular Solana-specific wallets:
Soflare is a dedicated Solana wallet that works in your web browser or as a dedicated mobile app.
The browser plugin is made for Chrome and Firefox and works with Brave. The mobile version is listed for iOS devices in the Apple App Store and Android devices in the Google Play Store. For added security, it’s also compatible with Ledger hardware wallets.
Both versions support sending and receiving Solana, swapping for compatible currencies, NFTs, and staking.
Once you fund your wallet, you can stake or deposit your crypto in a pool that pays interest to depositors, much like a crypto savings account.
These are core features that any wallet should support, and Solflare makes it easy to use Solana on a wide range of devices.
Phantom works as a Chrome, Brave, Firefox, or Edge browser extension. Mobile users can download an Apple iOS version, but there is no Android version available.
If you’ve ever used software wallets like MetaMask, this wallet provides a similar experience. Overall, Phantom is incredibly beginner-friendly and is one of the most comprehensive Solana wallets out there.
The browser plugin also allows you to view your balances and holdings and connect with compatible websites. The mobile version has a built-in browser to handle all your crypto transactions in-app.
Sollet is a wallet designed for developers and advanced cryptocurrency users. If you don’t know the difference between a megabyte and a gigabyte, you should choose an easier-to-use wallet.
In fact, Sollet points beginners to Phantom or Solflare. However, serious DeFi advocates will appreciate the secure, open-source wallet features. And, Sollet supports SOL tokens, NFTs, and a variety of decentralized applications.
Creating a wallet takes place on Sollet.io, where you’re first required to write down your 24-word seed phrase and download a backup file.
This wallet works best through a dedicated Chrome extension. But if you use the Brave browser, any Chrome extension should install and work fine.
General Cryptocurrency Wallets With Solana Support
Here are some top cryptocurrency wallets that work with Solana.
The mobile and desktop apps work with the Exodus exchange and other supported DeFi exchanges. The desktop version is available for Windows, Mac, and Linux computers.
Mobile users can find versions for iOS and Android. Exodus is also compatible with the Trezor hardware wallet for additional security.
The built-in exchange is simple to use if you want to invest in cryptocurrency. Other apps the desktop version supports include Compound Finance, the FTX exchange, and a rewards staking service.
As of this writing, Solana holders can earn 5.93% APY when staking through Exodus rewards. It works well for holding cryptocurrencies but isn’t a good choice for NFTs compared to Solana wallets like Solflare and Phantom.
Atomic Wallet works with more than 300 coins and tokens. And, Solana holders can stake their SOL with Atomic Wallet to earn 7% APY.
Atomic wallet also features an integrated exchange. Alongside Solana, Atomic wallet supports 13 different currencies for staking, including:
Overall, if you want to earn passive income with your crypto, Atomic Wallet is one of the best wallets you can use.
Desktop versions are available for Windows, Mac, and three different Linux distributions. Mobile users can download Atomic wallet from the Google Play Store or Apple App Store. Android users can also directly download and install the APK outside of Google Play.
Math Wallet is a good choice for cryptocurrency enthusiasts who want a lot of flexibility. This is because the wallet works with 96 blockchains, including the Solana chain, of course. That gives you access to many Solana tokens, NFTs, and dApps.
Math Wallet is suitable for staking, yield farming, and transacting with NFTs and other DeFi services, like decentralized exchanges (DEXs), to buy and sell supported currencies.
Math Wallet is available as a download for iPhone and Android devices. The web browser extension supports Chrome, Brave, Edge, and other Chromium-based browsers.
Your unique cloud wallet is stored online in your Math account. Math Wallet also integrates with the Ledger and WOOKONG Bio hardware wallets for more security.
Pros And Cons Of Solana Wallets
Solana Wallet FAQs
Here are some of the most common questions crypto investors have about how to use Solana wallets and which wallets are the best options.
What Wallet Does Solana Use?
Solana is one of the most popular blockchains, and the native SOL token is also one of the most popular cryptocurrencies. However, Solana is a blockchain and doesn't have its own wallet. That said, Solana supports a variety of wallets so you can receive SOL and other Solana-based tokens.
Is MetaMask A Solana Wallet?
MetaMask is a leading cryptocurrency software wallet. However, MetaMask is an Ethereum wallet and isn't compatible with Solana.
Does Coinbase Wallet Support Solana?
However, if you want to move Solana-based tokens off an exchange and to your own wallet, you need to use a Solana wallet.
Cult of Money's goal is to help its readers build wealth by taking advantage of different crypto and decentralized finance (DeFi) income opportunities.
Part of this goal involves educating crypto investors on the tools they need to succeed. And when it comes to crypto, choosing the right wallet plays a massive role in protecting your digital assets and earning income with methods like staking.
This is our ranking of the best Solana wallets. Our reviews are based on factors like ease-of-use, fees, DeFi support, and a variety of other factors.
Additionally, this is just our list of the top Solana wallets. Other options exist, but hopefully, one of the wallets on this list helps you take advantage of exciting opportunities on the Solana blockchain.
The Bottom Line
Solana is a booming blockchain ecosystem. And if you’re looking for a cryptocurrency wallet that works with Solana, any of these top crypto wallets may fit the bill.
Whether you want something only for Solana or prefer a wallet that supports dozens, hundreds, or even thousands of digital currencies, there’s a wallet out there that works.
Just remember the importance of backing up your wallets and protecting your private keys so you stay safe from crypto scams or losing access to your crypto.
Eric Rosenberg is a financial writer, speaker, and consultant based in Ventura, California. He holds an undergraduate finance degree from the University of Colorado and an MBA in finance from the University of Denver. After working as a bank manager and then nearly a decade in corporate finance and accounting, Eric left the corporate world for full-time online self-employment. His work has been featured in online publications including Business Insider, Nerdwallet, Investopedia, The Balance, HuffPo, Investor Junkie, and other fine financial blogs and publications. When away from the computer, he enjoys spending time with his wife and three children, traveling the world, and tinkering with technology. Connect with him and learn more at EricRosenberg.com.