With the number of crypto users getting closer to 1 billion from 750 million in 2024, the need for DeFi wallets becomes even more evident. Unlike traditional crypto wallets, the best DeFi wallets are decentralized, support multiple currencies, and are typically non-custodial.
From being a storage base for your crypto assets, these wallets allow you to interact with dApps. As such, you can not only store your cryptos but also trade them as well. DeFi wallets are the ideal tool if you want financial autonomy with efficient security and access to interact with other Web3 technologies.
We’ll go over our top recommendations, including their pros and cons, and also show you how to pick a DeFi wallet that meets your exact needs.
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- 1. Best Wallet — Top-performing DeFi Wallet
- 2. Exodus — Best for trading pairs
- 3. Margex Wallet — Top Performer for Copy Trading
- 4. Ledger Stax — Best Hardware Wallet for Day-to-day Use
- 5. Cypherock — Best Hardware Wallet for Non-custodial Inheritance
- 6. Trezor — A hardware wallet with software support
- 7. Tangem — Easy to carry around
- 8. Ellipal — Top Cold Storage Solution
- 9. Zengo — Storage for crypto and NFTs
- 10. OKX Wallet — Store, Trade, and Interact
- 11. Kraken - Best to Trade and Store Your Crypto
- 12. Uphold - Trade in the EU, UK, and US
- 13. Bitpanda - Get Hard-to-Find Cryptos with Bitpanda Spotlight
- 14. Coinbase - Best for US-based Crypto Traders
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- 1. Best Wallet — Top-performing DeFi Wallet
- 2. Exodus — Best for trading pairs
- 3. Margex Wallet — Top Performer for Copy Trading
- 4. Ledger Stax — Best Hardware Wallet for Day-to-day Use
- 5. Cypherock — Best Hardware Wallet for Non-custodial Inheritance
- 6. Trezor — A hardware wallet with software support
- 7. Tangem — Easy to carry around
- 8. Ellipal — Top Cold Storage Solution
- 9. Zengo — Storage for crypto and NFTs
- 10. OKX Wallet — Store, Trade, and Interact
- 11. Kraken - Best to Trade and Store Your Crypto
- 12. Uphold - Trade in the EU, UK, and US
- 13. Bitpanda - Get Hard-to-Find Cryptos with Bitpanda Spotlight
- 14. Coinbase - Best for US-based Crypto Traders
- Show Full Guide
Which is the Best DeFi Wallet?
When it comes to DeFi wallets, there are several choices out there. The current market size CAGR (cumulative annual growth rate) puts the crypto wallet industry at 24.8%, indicating rapid expansion with new crypto wallets joining the industry regularly.
For the best crypto wallet experience that gives you access to a wide range of DeFi tools, these are my top recommendations:
1. Best Wallet — Top-performing DeFi Wallet
For compatibility and anonymity, there’s hardly any wallet out there that can beat Best Wallet. This option does not need KYC verifications, giving you a truly anonymous and decentralized experience, but that’s not all. It is non-custodial, allowing you to truly own your private keys and manage your resources.
With Best Wallet, you can manage your Bitcoin and other crypto wallets all in one app. Simply go to the add wallet section and create or import your new wallet.
As for the DeFi ecosystem, Best Wallet provides you with the tools to buy, sell, swap, stake, and store your crypto assets. The apps on board range from staking apps like Rocket Pool to iGaming, project directories, news, and DeFi like Dex Screener, DexTools, and Pancakeswap. All these are available on the mobile app, which you can easily install from the Play Store, App Store, or its official website.
Best Wallet should be your go-to choice if you work with multiple chains. I say that because the wallet supports over 60 chains.
The wallet is also a top choice for accessing new token presales. From the “Upcoming Tokens” tab, you’ll see the latest releases and get them at the lowest price possible.
Despite having a robust platform already, Best Wallet is still up and doing so to bring better features to its users. One of these upcoming features is extensive market insights, where you’ll get to know trending tokens, market sentiment, and real-time updates on crypto projects.
If you are ready to get Best Wallet now, you can do so within a few minutes. Simply install the app and create your account. For the best experience, I recommend you buy the Best Wallet token immediately. You can get it directly in the wallet with your bank card.
Notable Features
The following are some of the top features of Best Wallet:
- Best DEX: This decentralized exchange is accessible right from the Best crypto wallet app. It features the cheapest trades by matching with the top liquidity pools. In addition, you’ll get extra market insights, real-time charts, news, token info, analytics, security audits, and community sentiments.
- Identifying suspicious tokens: Best Wallet can filter and hide tokens that are potential scams or spam. This feature will keep you from investing in the wrong tokens.
- Security: For this, you can use a 4-digit passcode or set a biometric lock for your account. Two-factor authentication is also available.
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2. Exodus — Best for trading pairs
With support to swap cryptos across multiple networks and features for staking and earning rewards, Exodus stands out as another option for DeFi access. The wallet supports over 100,000 digital assets, providing safe storage for them all.
You can get Exodus on your Windows, MacOS, or mobile device. Download it, and you can swap Bitcoin, Ethereum, Monero, and other cryptocurrencies seamlessly without even having an account. To give you an unrivaled trading experience in the crypto industry, Exodus supports over 50 blockchains. That, plus the access to DeFi and other dApps on multiple networks, gives Exodus an edge over other wallets.
Like Best Wallet, Exodus supports staking. It does so through auto-staking, a feature that allows you to earn staking rewards on multiple assets and compound them over time.
As one of its most important characteristics, Exodus is self-custodial. That means you control your wealth on your own terms.
The products under Exodus include the following:
- Web3 Wallet
- Mobile wallet
- Desktop wallet
- Trezor Hardware wallet
- XO Swap
The Trezor hardware wallet brings improved security. With it, you can trade and manage over 90 Trezor-supported assets and track your Trezor performance in real time. To use the Trezor hardware wallet, simply connect it to your PC, install the Trezor bridge, and work directly with your Exodus wallet. You can also manage multiple Trezor devices simultaneously.
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3. Margex Wallet — Top Performer for Copy Trading
Unlike Best Wallet and Exodus, Margex is a custodial wallet. However, it steps up on security by providing cold storage for all your crypto assets. In other words, your assets are stored off the internet, making them more secure and impossible to hack.
With over $2 billion reported stolen from crypto hacks, Margex emerges as not only one of the best DeFi wallets in 2025 but also one of the top ones in terms of security. Your private keys, although not controlled by you, remain safe as Margex manages your assets.
One of the things that sets Margex apart from the rest is its copy-trading feature. You can follow over 100 pro traders through mobile or desktop platforms. This feature adds up with the regular trading platform with access to over 50 assets to make Margex a formidable player in the DeFi industry.
The Margex Exchange has over 500k users, over 12 liquidity providers, a presence in over 150 countries, and 180k daily trades. Opening an account with Margex is free. While the platform doesn’t charge you for deposits, be ready to pay when trading or withdrawing.
Besides being a place where you can trade cryptocurrencies by buying and selling, you can also convert your crypto to another one directly on the platform. The feature will present you with different conversion pairs, but you can still provide your own, provided it is supported.
Staking and referral programs are also available on Margex. These provide extra earning opportunities for the users.
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4. Ledger Stax — Best Hardware Wallet for Day-to-day Use
If you want a hardware wallet, but one that fits into your daily life, then Ledger Stax is the one for you. It is a premium touchscreen wallet but it gets even better. You can use it for your cryptos or NFTs.
From AI agent coins to meme coins, Ledger Stax can handle them all. With uncompromised security on one end and a customizable display on the other, Ledger Stax provides all you need to manage your assets.
Ledger Stax is one of the many products from Ledger. It is powered by the industry-leading Element Chip and Ledger OS, all embedded in a curved E-ink touchscreen. With these, you can easily review and sign transactions from the screen without having to refer to your smartphone or PC.
As for battery life, the hardware wallet can last up to 10 hours of usage. It has a standby time that extends into days, ensuring you transact with ease without worrying about running out of juice. You can charge the device wired or wirelessly with a 10W power supply.
When needed, you can seamlessly connect your Ledger Stax to your Android device, Windows, or iOS device. Add the Ledger Live, and you’ll have an even more robust ecosystem to store and trade your crypto assets. The Ledger Live is the companion crypto app for not just Ledger Stax but all your Ledger devices.
Like the previous wallets mentioned on this page, Ledger Live supports staking. It is also what you need to buy, sell, swap, and stay on top of your crypto assets.
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5. Cypherock — Best Hardware Wallet for Non-custodial Inheritance
Cypherock debuted the Cypherock X1 and the Cypherock Cover a while back and they’ve made impressive strides in the crypto community. Keeping the recent wallet hacks in mind, the company picked an innovative approach to storing private keys. Instead of keeping them in one place, the Cypherock wallet decentralizes the storage.
The keys are split into five parts using Shamir’s secret sharing. Each key is then stored in an X1 vault, accessible through an X1 card. Since the wallet is non-custodial, you have control over the four cards, but that is not even the best part. You only need to tap one of the X1 cards to make any transaction.
With Cypherock X1, you can securely store over 9,000 digital assets. The wallet supports cryptocurrencies on different blockchains, from Bitcoin to Ethereum, Solana, Cardano, and the rest.
As for inheritance, this is where Cypherock shines once again among the best DeFi wallets. Building on its decentralized private key storage solution, the Cypherock Cover is your one-stop solution for seamless PIN recovery and inheritance. The product is designed to ensure easy inheritance even when the original owner is no longer available to provide the PIN.
All you have to do is set a PIN recovery plan. You can use a threshold for inactivity to trigger the recovery. In other words, Cypherock will begin recovery if your account remains inactive for a specific period.
The PIN recovery process can remain valid for a set number of years. For a more robust plan, you can pick the Estate Recovery solution. This one allows you to have a nominee in the event you are unavailable to recover your wallet.
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6. Trezor — A hardware wallet with software support
Trezor is a hardware wallet serving over 2 million customers. With it, you can be sure of zero online hacks, unauthorized access, or malware attacks. The recovery process in the event of losing your wallet is also seamless.
With the wallet on one side, you can access even more services through the Trezor Suite app. This is where Trezor gets embedded even more in the DeFi industry. The app offers tools for buying, selling, and swapping over 1,000 coins, whether they’re meme tokens or utility coins.
The Trezor Suite app is available on desktops and mobile devices. Simply install it and connect your hardware wallet to enjoy its full range of services.
For the hardware wallet, Trezor has several in its product catalog, starting with the Trezor Model One. Despite being the most affordable of the bunch, it still rocks industry-leading security features.
The other two are the Trezor Safe 3 and the Trezor Safe 5. You can also get other accessories for better backups and device protection. Nevertheless, you’ll still miss out on full software DeFi integration like what Best Wallet offers.
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7. Tangem — Easy to carry around
Another hardware wallet that supports DeFi is Tangem. The wallet is as slim as a bank card, meaning you can easily carry it around just as you do with your bank cards. Despite being that slim, the wallet still packs bank vault-level security.
The Tangem hardware wallet uses the EAL6+ security standard and has been fully audited by Kudelski Security and Riscure. When used for the first time, the wallet generates its private key offline, eliminating any susceptibility or loophole for hacking. This key is stored on the chip and no extra copies are made. The setup process is also easy, as you can do it in less than three minutes.
You can keep three cards in your Tangem wallet or two cards and a ring. Whichever way you opt for, each can provide access like three identical keys.
The wallet supports access code protection and a biometric lock for further protection. So far, none of its 2 million cards have been hacked.
Moving on, the Tangem app is where the DeFi magic happens. With your crypto assets safely stored away and ready for use at any time, the Tangem wallet app is all you need to make purchases, swaps, and sales. The app also allows you to track prices and stake crypto for extra rewards. It is available on the App Store and Play Store.
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8. Ellipal — Top Cold Storage Solution
The Ellipal cold storage wallet ranks no. 3 on Forbes and has, since its inception, securely managed over 12 billion USDT in assets. It currently boasts over 1 million users, offers offline storage, works as a touchscreen, and has compatibility with MetaMask.
With Ellipal, you get a 4.0-inch touchscreen wallet that is easy to use. The large screen enables adequate legibility when signing transactions.
Unlike Best Wallet, Ellipal does not have a dApp of its own. Instead, it supports MetaMask and WalletConnect, through which it connects to over 200 dApps in the industry.
As for its DeFi functions, the Ellipal wallet app allows you to buy, sell, and swap crypto. Over 10,000 coins and tokens are supported, and you can seamlessly transact on ERC20, BEP20, TRC20, SOL, and other ecosystems.
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9. Zengo — Storage for crypto and NFTs
With Zengo, you can store, view, and use NFTs, DeFi, and thousands of dApps. The wallet supports over 380 crypto assets, and you can buy, sell, and swap with ease.
Zengo’s selling point among the best DeFi wallets is the use of MPC cryptography instead of seed phrases or private keys that leave room for hacking. There is no single point of failure with MPC but it gets even better. The approach brings easy recovery and allows the entire wallet to be user-controlled.
For a secure recovery process, Zengo offers three-factor authentication, starting with email verification. A 3D face unlock and a recovery message follow.
You can create up to 5 segregated wallets with Zengo. With such flexibility, you can keep one wallet for high-value assets, another for day-to-day trading, another for minting, and another for public facing. All these can easily be passed on through Zengo’s legacy transfer.
Theft protection and Web3 firewall are also available to enhance the wallet’s security.
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10. OKX Wallet — Store, Trade, and Interact
The OKX wallet gives you access to over 127 decentralized networks with more in the works. All you have to do is download the wallet app or the extension and you’ll have a platform to store your crypto assets, but it gets even better.
You can seamlessly connect to DeFi using the OKX wallet. Even if you have another wallet, OKX still provides a secure connection for you to manage your DeFi portfolio.
Another thing that sets OKX apart among the best DeFi wallets on this list is its crypto exchange ecosystem. With it, you can trade a wide variety of tokens and trading pairs. It doesn’t end with cryptocurrencies but extends to NFTs. Opt for the OKX platform, and you can create, sell, and buy NFTs with ease.
For even more professional trading of your crypto assets and NFTs, OKX offers a connection with the famed TradingView platform. This connection allows you to trade with supercharged charts, giving you an edge in your trading decisions.
To get started with OKX wallets, simply get to the wallet page. Select your preferred wallet, download it, and start using it to store, sell, swap, and buy crypto assets.
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11. Kraken – Best to Trade and Store Your Crypto
With support in over 190 countries, a quarterly trading volume of over $207 billion, and over ten million clients, Kraken stands tall as a top crypto exchange. Of course, you can store your crypto directly on the platform as well without worrying about getting another wallet.
Kraken supports 359 cryptocurrencies for sales and purchases. These include Dogecoin, Ripple, Polkadot, Shiba Inu, Litecoin, Pepe, etc. All these can be purchased or sold within a few minutes on the platform.
You can work with Kraken through its desktop platform or download the mobile app to enjoy crypto transactions on the go. When it comes to trading, you can trade spots and margins on its powerful interface, designed to be user-friendly while offering all the features you need. With this platform, you will enjoy low spreads, low liquidity across markets, and high rate limits.
Other notable features from Kraken include the following:
- The ability to place advance orders on the go through the apps
- Margin trading with up to 5x leverage
- 100+ multi-collateral Futures contracts are available for trading
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12. Uphold – Trade in the EU, UK, and US
With Uphold, you will not only be able to trade crypto but also store and stake them for extra rewards. The platform is fully reserved and radically transparent. Most of all, you’ll get to trade the newest tokens as soon as they are released and listed.
Uphold supports a broad range of crypto assets, and you can stake and unstake up to 19 assets instantly. The staking rewards are up to 14.4%, an impressive figure for those looking to make extra tokens while storing them.
To ensure transparency on its platform, Uphold publishes its assets and liabilities every 30 seconds on its official website. In addition, the platform never loans out its customer assets, ensuring your assets and those of other users are always available whenever the customers need them.
Uphold has licensed operating entities in the US, UK, and EU. As of this writing, the assets under its holding were over $8 billion in value. You can always look up these assets on the website, including crucial details like trading volume.
Besides getting a wallet to store your cryptos, Uphold also provides a few other essential features. These include limited stop orders and automatic recurring trades.
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13. Bitpanda – Get Hard-to-Find Cryptos with Bitpanda Spotlight
Bitpanda supports cryptocurrency trading, but it does more than that. You can also trade ETFs, stocks, commodities, and crypto indices. All these come with secure offline storage for your assets, a storage that is fully compliant with European data, IT, and money laundering security standards.
If you decide to use fiat currencies for transactions, Bitpanda will be happy to support your deposits and withdrawals without any fees. It will also bring hard-to-find crypto projects to your doorstep through its Bitpanda Spotlight feature. So far, the platform has over 6 million users using these features and many others.
To get started with Bitpanda, you simply have to register, get verified, and make your first deposit. Even so, the platform provides several features to keep tabs on all your crypto assets.
Bitpanda is available on the Play Store and the App Store. The installation takes a few minutes or less.
Like Uphold, you can stake tokens in Bitpanda for extra rewards. This feature adds up with BEST Rewards, Bitpanda Cash Plus, Bitpanda Club, and Bitpanda Card to provide robust earning opportunities to the users. The BEST Rewards feature provides earnings for every transaction, while the Cash Plus feature gives you high-yield returns for 24/7 availability.
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14. Coinbase – Best for US-based Crypto Traders
Coinbase is one of the largest US-based cryptocurrency exchanges. While you will enjoy the exchange services, you can also store your crypto assets directly on the Coinbase Wallet. The wallet supports crypto and NFTs, but that is not all. You can manage multiple wallets in your Coinbase Wallet account to ease access to all your crypto assets.
With the Coinbase Wallet, you can store hundreds of thousands of coins and access many decentralized applications. The supported networks include Bitcoin, Solana, Ethereum, Dogecoin, and Ethereum-compatible networks.
Coinbase Wallet is a self-custody wallet. In other words, you have control over your crypto assets, keys, and data. The wallet also supports payments through bank accounts or card transactions. These payments are supported across 130 countries.
When it comes to trading your crypto assets, Coinbase is equally up to the task. The platform brings powerful analytical features, from charting to real-time order books and deep liquidity across hundreds of markets.
Join Coinbase One, and you’ll enjoy zero trading fees, boosted rewards, priority support, and so much more. There is a learning platform to bring you up to speed on the latest in the crypto space. If you want more, you can join Coinbase Prime and other products under the Coinbase platform.
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What Are DeFi Wallets?
DeFi wallets are decentralized storage solutions that allow users to interact with dApps. With this connection to dApps, you can participate in DeFi activities like trading, borrowing, and even lending.
Another defining characteristic of DeFi wallets is their self-custodial nature. In other words, these wallets leave control over to the users instead of a centralized system in typical traditional crypto wallets. This approach also allows for improved privacy and security, like what we have with Best Wallet, which is KYC-free.
The absence of a centralized system also eliminates censorship or account freezes.
Other typical characteristics of DeFi wallets include the following:
- Interoperability: This feature allows you to transfer your assets across different blockchains. You can do this with Best Wallet, which is our top recommendation when picking a DeFi wallet.
- Early altcoin exposure: The best DeFi wallets typically provide early access to altcoins when they are released. Again, you will appreciate this feature even more with Best Wallet, as it not only lists the best altcoins early but also scans them to remove scams or spam coins.
How to Choose a DeFi Wallet App
We’ve already picked the best DeFi wallet apps for you, with Best Wallet being our first choice. However, if you were to consider the wallets yourself, then we recommend you check out the following before picking one:
- Custody: Self-custody or non-custodial is what you should look for when picking a DeFi wallet app. In other words, the private keys or recovery seeds should only be accessible to you. Anything short of that puts your assets at risk.
- Security: The next thing you want to consider is the wallet’s security. From access code locks to biometrics and advanced security like decentralized storage, your preferred wallet should have them all. The security features should be present on both the web browser extension and the mobile app. An advanced level is the ability to screen transactions and flag fraudulent ones.
- Compatibility and blockchain interoperability: Consider the coins or tokens you’ll be storing in the wallet and go for a wallet that is compatible with that blockchain. For added flexibility, you should consider a DeFi wallet with multi-chain support that allows transfers from one blockchain to another.
- Development and management team: Where you can research the team behind the wallet. You can also consider whether their code is open-source. Open-sourced codes improve transparency.
- Privacy features: The best DeFi wallets, like Best Wallet, have no KYC considerations. To that end, you can stay completely anonymous while managing your crypto assets without stress.
- Supporting features: Consider how many supporting features are available. For this, you’ll have to look at the dApps integration, support for NFTs if you love digital art, integration with diverse protocols, trading features to support quick sales, purchases, or swaps of assets, etc.
Decentralized Wallets: Different Types in Detail
You can have not just the best DeFi wallets but every other decentralized wallet, either as software or a physical device. Best Wallet is a typical example of a software wallet, while Trezor exemplifies how hardware wallets look.
Software decentralized wallets are also referred to as online or hot wallets. On the other hand, hardware wallets are also known as offline or cold wallets.
Software Wallets
These typically come as mobile apps or browser extensions. We recommend those that come as mobile apps, as you’ll have more flexibility when working on your mobile device.
To use these wallets, you must be connected to the internet. The wallet will also have to be connected to a dApp to help you manage your crypto assets. Prominent ones like Best Wallet offer several dApps directly, like staking apps, iGaming dApps, news, and DeFi applications.
Hardware Wallets
A typical hardware wallet is a physical device. It can be as small as a USB stick or as large as a physical wallet. Prominent providers like Tangem make theirs to be as flat as a bank card for easy carry-on. Whichever way they come, one thing is certain: you’ll have to connect it physically to your PC to access the storage.
For easy integration, hardware wallet providers offer apps to go with the physical devices. The app serves as the central point through which the wallet integrates with dApps and DeFi applications.
Comparison Table Between Hardware and Software Wallets
| Feature | Software Wallet | Hardware Wallet |
| Private key storage | Stored online | Stored offline |
| Convenience | Easy to use with a simple login | Requires physical access and carry-ons |
| Use cases | Suitable for small crypto holdings | Suitable for large and long-term crypto holdings |
| Cost | Typically free to download | Requires outright purchase of the physical device |
| Security | Resistant to hacking | Susceptible to hacks |
DeFi Wallets for Crypto: Advantages & Disadvantages
Even with hardware wallets, malfunctions can occur, leading to the loss of crypto assets. Nonetheless, they remain much safer options than software wallets.
Recent stats show that only about 2% use hardware wallets despite offering better security than their software counterparts. This low patronage is likely connected to the risk of physical damage and ease of usage.
With that said, here are the advantages and disadvantages of DeFi wallets:
Advantages
- Increased privacy and anonymity since KYC isn’t typically required
- They support dApp interactions
- The software wallets are accessible from anywhere
- The hardware wallets provide more secure offline storage of private keys
- Reduced fees and bottlenecks due to zero intermediaries
Disadvantages
- You are solely responsible for protecting your private keys
- Hardware wallets can get lost
- You may experience difficulty in retrieving your assets if you lose your physical wallet or private keys
Are DeFi Wallets Safe?
Yes, DeFi wallets are safe, but to a certain degree. They may provide industry- or bank-standard encryption, decentralize storage, and employ other measures to protect your assets. However, you are still responsible for keeping your private keys from falling into the wrong hands.
For a physical wallet, you’ll have to keep it in a safe place. Software wallets pose even greater risks as they can be targets of phishing attacks.
Best DeFi Wallets — Conclusion
For a DeFi wallet, you need something that offers anonymity, protects your assets with industry-leading encryption, and supports connection with dApps for DeFi activities like trading. To that end, we recommend Best Wallet, Exodus, Margex, Ledger Stax, Cypherock, Trezor, Tangem, Ellipal, Zengo, and OKX wallet as the best DeFi wallets.
If you are looking for an easy-to-use wallet to get started, Best Wallet tops our recommendations. The wallet offers cross-chain capabilities, supports the importation of other wallets, and integrates well with dApps. Download the wallet today on the App Store or the Play Store to get started.
