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Best Web3 Wallets On Solana, Polygon & Etherum to Download in 2023

The best Web 3 wallets for DeFi: MetaMask, Argent, Rainbow, Coinbase, Trust Wallet

Written by Niel Patel · 3 min read >
web3 wallets on polygon

You’re sitting at your favorite restaurant sharing a meal with one of your friends, and the waitress comes to the table and asks if the meal will be on one ticket or two. Unfortunately, your buddy doesn’t have his physical wallet with him, but you tell him he can send you over a part of a bitcoin to your Web3 wallet to cover his portion of the meal. 

He glares at you, showing that he has no idea what a Web3 wallet is. You explain that just like regular wallet apps, Web3 wallets let you share money just like cash, but in a much safer way.

Web3 wallets use hardware or software to access funds. Still, they also make it easy to interact with decentralized applications, serve as a gateway to bankless financial services, collect NFTs, create an on-chain identity, work with communities, and do many other things that aren’t possible with traditional wallets.

Web3 Wallet Apps List to Download in Your Android and iOS

Most Downloaded Web3 wallets on Polygon, Solana

  1. Coinbase Wallet
  2. MetaMask
  3. Rainbow
  4. Trust Wallet
  5. Argent

1. Coinbase Wallet – Ethereum blockchain based Web3 Wallet

Coinbase Wallet is first choice for Web3 wallets. It gives you access to the Ethereum blockchain and other blockchains like Binance, just like MetaMask. Coinbase Wallet is made especially for mobile use, so if you trade and collect digital assets mostly on your phone, it’s a wallet you should check out.

  1. Keep all your crypto and non-fungible tokens in one place.
  2. Support for tens of thousands of tokens and a whole world of decentralized applications.
  3. You can use your phone or browser to look around the decentralized web.
  4. Protect your digital assets with the best security in the business.

2. Metamask – Web3 wallet on the Ethereum blockchain

  • Metamask is our 2nd best pick for the Web3 ethereum wallet because it is easy to use and has network effects. Some people will say it’s a bad choice because it doesn’t support Bitcoin, but we don’t think this is a big deal.
    MetaMask is another wallet that many people use. The wallet makes it easy to connect to Web3 or the decentralized web.
  • MetaMask is both a wallet and a browser at the same time.
  • You can buy, spend, and trade your digital assets with this one. You can also use the app to pay for things easily, trade assets, play games, and do other things.
  • The best thing about it is that it makes it easy and safe to connect to blockchain-based apps, also called dApps.

Also, it has a ” swap ” feature that ensures you get the best price with the lowest network fees. MetaMask gets information from aggregators, market makers, and decentralized exchanges (DEXs).

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3. Rainbow – Web3 Wallet on Ethereum

Rainbow wallet provides a user-friendly platform with an integrated swap mechanism. This enables transactions between several ERC-20 tokens without a third-party exchange. This wallet also prevents you from falling prey to scam schemes by providing an approved list of safe tokens to exchange.

Rainbow, a revolutionary Web3 wallet, focuses on design and user interaction. Rainbow simplifies Defi & crypto trading and helps newcomers find dApps and NFTs on the Ethereum blockchain (it is important to note Rainbow is only for the Ethereum blockchain.)

4. Argent –  The best Ethereum wallet for DeFi and NFTs.

Buy, earn, stake and trade on Ethereum Layer 2 with low fees & bulletproof security.

Argent is a newer Web3 wallet. Argent only supports Ethereum tokens. The wallet focuses on user-friendly dApps and DeFi use (decentralized finance). Argent integrates dApps and protocols natively. So, you may borrow and lend assets directly through their app, avoiding an in-app browser.

ZenGo

Never lose access to your crypto and NFTs with industry-leading biometric encryption, 3FA authentication, and MPC wallet cryptography. Delete your manual private keys, convoluted settings, and seed words that are vulnerable to theft or loss, even with hardware wallets.

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5 Web3 Wallets on Solana

We’ll go through 5 Solana Web3 wallets you should consider using because you’ll need one if you wish to utilize or store your Solana.

A crucial first step in your cryptocurrency investment adventure is doing your research to discover the best Web3 wallet for you and your Solana. For investors at any experience level, we recommend the five wallets described above.

  1. Phantom Wallet
  2. Solflare Wallet
  3. Solong Wallet
  4. Ledger Nano X
  5. Atomic Wallet

5 Best Polygon MATIC Web3 Wallets in 2023

NameCoins SupportedType of Wallet
CoinbaseMATIC, BTC, ETH, LTC, DOGE, etc.Hot wallet
Crypto.comMATIC, Bitcoin (BTC), Dogecoin (DOGE), Polkadot LiteCoin (LTC), etc.Hot wallet
Ledger Nano XMATIC, Bitcoin (BTC), Ethereum (ETH), etc.Hardware wallet
BinanceMATIC, BTC and ETH, LTC, etc.Hot wallet
  1. Coinbase
  2. Crypto.com
  3. Ledger Nano X
  4. Binance
  5. D’CENT

Best Web3 Crypto Wallets of October 2023

Trade without a Wallet*Best Hardware Crypto WalletBest for BeginnersBest Desktop Bitcoin WalletBest for MobileBest for Desktop
PublicLedger Nano S Plus Crypto WalletCoinbase WalletElectrum Crypto WalletTrust WalletExodus Crypto Wallet
Company HighlightCrypto exchange to buy, sell, and hold crypto. Not a wallet.*Trade and stake crypto on your hardware Ledger wallet through the Ledger Live appInteract with websites using the Dapp (decentralized app) web browserRebroadcast transactions with a higher fee with Replace By Fee featureSupports Bitcoin and the main Ethereum blockchains; works with ERC20, BEP2 and ERC721 tokensBuilt-in no-commission trading provided by the exchange platform Shapeshift
Type of Walletn/aCold storageHot storageHot storageHot storageHot storage
Price/Fee Information$0 commission / 1% to 2% markup for executing transactions$80.39 for device; miner, wallet and exchange fees applyUser-set miner fees from low to high priority; wallet and exchange fees0.2 mBTC (default rate)User-set miner fees from low to high priority; third-party fiat-to-crypto feesUser-set miner fees from low to high priority (for BTC, ETH, and ERC-20 transactions)
Compatible with Hardware Wallets?N/AN/AYes (Ledger Devices)NoNoYes (Trezor Devices)
# of Supported Coins and Tokens295,500+45,000+1160,000+233
Best Web3 Crypto Wallets of October 2023

Top Blockchain Networks for Web3 Wallets

  1. Avalanche
  2. Cardano
  3. Chainalysis KYT
  4. Ethereum
  5. Hyperledger Fabric
  6. Hyperledger Sawtooth
  7. Polkadot
  8. Ripple 
  9. Solana 
  10. Tron DAO

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