A Decentralized Finance (DeFi) wallet allows users to store, manage, trade crypto, and, most importantly, interact with decentralized applications (dApps) and Web3 projects. They are essential for every user and that’s why choosing the best DeFi wallet is a first step that everyone must take.
In the following, we provide a comprehensive breakdown of the top DeFi wallets currently available in 2025.
Below are some of the top DeFi wallets to consider. These were selected based on their functionalities, key features, security levels, and more. Without further ado, let’s jump in.
Developed by Consensys, a company specializing in Ethereum-based tools and infrastructure, MetaMask is one of the best DeFi wallets in the industry. It supports a wide range of tokens and blockchain networks.
MetaMask was designed to enable users to seamlessly access Ethereum-based decentralized applications (dApps) and DeFi projects. It allows you to manage different Ethereum-based tokens, including standards such as ERC-721 and ERC-1155, which are widely used for NFTs and other digital collectibles.
Although it might not be the most user-friendly wallet initially, MetaMask offers significant versatility as a DeFi wallet once you become familiar with its features. It processes over 100M transactions monthly from over 17,000 dApps, so you’ll have plenty of options.
The wallet supports over 500,000 coins, NFTs, and Ethereum Virtual Machine (EVM)-compatible blockchain networks such as Binance Smart Chain (BNB) and Polygon (MATIC). Additionally, MetaMask provides staking options for MATIC and ETH in its Stake section.
Although the wallet supports other networks, it remains the most prominent and widely used DeFi wallet in Ethereum’s ecosystem.
Key Features of MetaMask
Trezor is a household name in the crypto industry. One of its latest products is the Trezor Safe 3, which features advanced security and extensive cryptocurrency support. It is also one of the best hardware wallets overall.
Let’s quickly go through some of the key aspects that set Trezor Safe 3 apart. First, it comes with a certified EAL6+ Secure Element chip for enhanced security, supports the anonymous web browser Tor and uses Coinjoin to anonymize Bitcoin transactions. Further, it’s also compatible with the Shamir backup standard, allowing multiple recovery methods for private keys.
Second, it has extensive support for numerous cryptocurrencies. The wallet supports over 8,000 coins and tokens, including major assets like Bitcoin, Solana, Ethereum, Cardano, Ripple, and Binance Coin, as well as ERC-20 and SLP tokens. Note that Cosmos and Avalanche are not supported. It’s also compatible with software wallets like Exodus, MetaMask, and Yoroi.
It also works with Linux, Microsoft, Mac, and mobile devices on iOS and Android through the Trezor Suite Lite app.
Key Features of Trezor Safe 3:
Trust Wallet allows you to buy, sell, and swap cryptocurrencies, collect and trade Non-Fungible Tokens (NFTs), and explore thousands of dApps on Ethereum and the Binance Smart Chain (BNB) ecosystem.
All these features are accessible within the wallet’s dashboard and available for mobile devices and desktop browsers.
Trust Wallet employs several security measures to protect your funds and data. These include biometric access, auto-lock timers to prevent unauthorized access, encrypted private keys, 12-word seed phrases, and two-factor authentication (2FA). It is generally considered a secure wallet, scoring 3.9 and 4.0 out of 5.0 on GetApp and Trust Pilot, respectively.
However, like all hot wallets, Trust Wallet is susceptible to risks such as hacking attempts, phishing scams, and address poisoning. While the wallet is non-custodial, it doesn’t hurt to enable 2FA. You can connect Trust Wallet to a hardware wallet like Ledger for added security.
Key Features of Trust Wallet:
Phantom, the most popular self-custody wallet on Solana with millions of active users, is also one of the best DeFi wallets for exploring not only Solana but also other ecosystems like Ethereum, Polygon, and even Bitcoin.
One of the main features that makes this wallet stand out is its simplicity of use. You can store, trade, swap, and stake crypto through your phone or using the browser extension for Chrome, Firefox, or Brave.
Further, almost all the dApps within the Solana network support Phantom, including some of the best Solana DEXs by total value locked.
Phantom has been audited by several security firms. You can watch all the reports here.Phantom has also offered a $50,000 bug bounty to white-hat hackers who find vulnerabilities or bugs that may result in the loss of user funds. Moreover, Phantom automatically detects and hides spam NFTs and their media, as well as fungible tokens with a URL in the name.Another perk of using Phantom is that they actually offer a decent customer support team. It’s global and works 24/7. You can always integrate your Phantom wallet into your Ledger device, adding a security touch.
Fun fact: CryptoPotato has conducted several interviews with Phantom’s CEO, Brandon Millman, also one of the co-founders. You can find them here and here.
Key Features of Phantom Wallet:
Edge is a mobile, non-custodial wallet released in 2018. It allows you to store, manage, and trade crypto and explore various dApps on your phone, whether it’s iOS or Android.
Edge aims to offer a user-friendly and secure platform for storing, managing, and interacting with various cryptocurrencies and DeFi protocols.
One of its most notable features is the ability to take out Bitcoin collateralized loans and deposit borrowed dollars directly into your bank account. This is achieved thanks to an integration with liquidity protocol Aave.
While Edge Wallet offers convenience for daily transactions, it is not the most secure option for storing large amounts of cryptocurrency due to mobile wallets’ inherent vulnerabilities. It is best suited for managing smaller amounts of cryptocurrency for everyday use.
Private keys are stored locally on the user’s device and are secured using a hash of the username and password. These credentials are never shared with or stored on Edge servers. If you happen to lose your phone, you can quickly regain access by installing Edge on a new device and synchronizing the wallet.
Key Features of Edge Wallet:
Coinbase Wallet is a secure, non-custodial wallet designed for storing and managing cryptocurrencies. It supports a vast range of over 100,000 digital assets, including NFTs, and provides access to dApps. The wallet is compatible with various networks, including Bitcoin, Ethereum, and Layer-2 solutions like Arbitrum and Optimism.
Unlike MetaMask, Coinbase Wallet is a good starting point for beginners. It is designed for easy use, with straightforward installation and setup. However, it’s also an extensive wallet for DeFi enthusiasts.
There are plenty of things to do with Coinbase Wallet: staking, managing NFTs, swapping assets, and accessing thousands of dApps and Web3 projects.
For a more detailed outlook on how to set it up, check out our fully-fledged Coinbase Web3 Wallet guide.
Coinbase Wallet enjoys some of the highest standards of crypto security in the industry, and it is backed by the Coinbase exchange. It’s a non-custodial wallet, meaning you own your private keys. You’ll get a 12-word seed phrase to access your accounts on new devices (so don’t lose it).
Guarda is a popular non-custodial wallet available across multiple platforms — mobile, desktop, and browser extensions.
This wallet lets you send, receive, manage, store, exchange, and stake cryptocurrency assets, including Cardano, Tezos, Tron, and more. Additionally, it supports blockchains such as Bitcoin, Ethereum, Ripple, and Binance Coin, offering robust functionality and security for digital asset management.
One of Guarda Wallet’s most notable features is the Token Generator. This mechanism simplifies the process of creating ERC-20 tokens on the Ethereum blockchain. You just set the token’s name and total supply and deploy the contract. The smart contracts are thoroughly audited and secure, ensuring they meet ERC-20 standards.
Guarda Wallet is one of the best DeFi wallets for security. It was launched over five years ago with no reported security incidents or breaches. It’s an open-source, non-custodial wallet with high-level security and encryption mechanisms, including AES-256 (Advanced Encryption Standard) for data protection. It also provides biometric authentication through fingerprint and face ID for mobile apps.
You can also connect it to a hardware device such as Ledger (Nano S and X)
Key Features of Guarda Wallet:
Binance Web3 Wallet is a self-custody cryptocurrency wallet also developed by Binance. It offers a secure and convenient way to interact with DeFi and manage, store, and trade coins, tokens, and NFTs on some of the most popular blockchain networks.
The wallet supports many blockchain networks besides Binance Smart Chain, including Ethereum, Polygon, and Avalanche. This allows you to manage their assets across different ecosystems seamlessly.
This wallet is integrated with the Binance ecosystem. Therefore, you should be able to set it up through the Binance dashboard on the application. You can switch between the exchange and the wallet directly through the app, regardless if you’re on mobile or desktop. Further, the integration allows you to transfer funds between your Binance exchange account and your Web3 Wallet, which is quite a handy feature for daily use.
The wallet uses advanced multi-party computation (MPC) technology to secure your assets without needing a seed phrase. This mitigates the risk of centralized storage of private keys. To be more specific, Binance Web3 Wallet creates three “key-shares.” Each key-share is secured with a recovery password and stored separately on your device, cloud storage, and the Web3 Wallet.
Key Features of Binance Web3 Wallet:
Crypto.com DeFi Wallet, developed by the renowned cryptocurrency platform Crypto.com, is a non-custodial wallet crafted to facilitate seamless interactions with the DeFi ecosystem, enabling you to engage with various dApps and Web3 projects.
The wallet integrates with the broader Crypto.com ecosystem, enabling easy transfers between the Crypto.com exchange and the DeFi Wallet, similar to how Binance Web3 Wallet works with the Binance exchange.
Crypto.com conducts frequent security audits and maintains several compliance certifications to uphold high-security standards for its products. The app is also compatible with hardware wallets, allowing you to connect it to Ledger and manage your tokens from there.
For mobile users, the wallet supports biometric authentication, including fingerprint and face recognition.
Key Features of Crypto.com Wallet:
Argent is a mobile non-custodial wallet tailored for DeFi and non-fungible tokens (NFTs) on the Ethereum and Starknet blockchains. It provides a user-friendly interface for managing digital assets and interacting with DeFi applications.
The wallet simplifies Layer 1 and Layer 2 network interactions with features like gasless transactions, easy recovery without seed phrases, and integrated DeFi services such as lending, borrowing, and earning interest.
Argent provides several advanced security measures to protect your assets, starting with multi-sig, biometric authentication through fingerprint or Face ID, as well as Two-Factor Authentication to add a security touch to your account.
Argent also provides an interesting security feature called Guardians. As the name implies, Guardians are people and devices you choose to help keep your wallet secure and recover in case you lose access to it.
Key Features of Argent:
Exodus is a versatile, non-custodial cryptocurrency wallet supporting over 50 blockchain networks. It is available as a desktop wallet, browser extension, and mobile app for iOS and Android. The multi-platform accessibility allows you to manage your digital assets conveniently across different devices.
It does not employ certain standard security features in most crypto wallets nowadays. However, the wallet’s security is as robust as the device it is installed on, and it is that simple. You’re responsible if your device is lost, compromised, or left unattended with the wallet visible; the funds within the wallet are at risk.
Exodus does not provide additional security mechanisms such as two-factor authentication (2FA), security locks, or scam alerts.
Key Features of Exodus Wallet:
The Ledger Nano S Plus is a hardware wallet designed to store cryptocurrencies and non-fungible tokens (NFTs) securely. It supports over 5,500 digital assets and includes various security and usability features.
Ledger Nano S Plus comes with a Secure Element chip certified to CC EAL5+ standards. The National Agency for the Security of Information Systems in France also independently certified it, highlighting its robustness.
It supports over 5,500 cryptocurrency coins, tokens, and NFTs. It also supports various token standards, including ERC-20, ERC-721, TRC-20, TRC-10, BEP-2, and SLP.
The wallet provides a dynamic and user-friendly interface. Moreover, it works with over 50 hot wallets to access dApps and Web3 applications, and you can install up to 100 applications on it.
Key Features of Ledger Nano S Plus:
Our expert reviewers took a comprehensive and hollistic approach to ranking the best DeFi wallets, taking multiple important criteria into consideration.
These are some of the factors that we took into account to create the list in the order above:
CryptoPotato is a veteran cryptocurrency content portal that’s delivering daily updated and extensive guides and reviews since 2016. Being amongst the first crypto news media outlets, our writers and analysts have the experience and expertise needed to properly evaluate the criteria necessary to produce a trustworhy review and ranking of the best DeFi wallets. We have also analyzed numerous networks in isolation and looked at the best available wallets for them, including but not limited to:
The difference between a regular crypto wallet and a DeFi wallet is that the former is designed to support a much wider array of coins and blockchain networks. The latter is tailored to meet DeFi users’ demands for yield farming, lending, trading, and other activities that require a powerful wallet.
DeFi Wallets share similar characteristics with regular crypto wallets:
To wrap up, DeFi wallets are tailored for the DeFi world and provide you with unique features and opportunities that regular crypto wallets don’t. However, they have their setbacks, which will be covered throughout the article.
DeFi wallets can be categorized into two main types: software (hot) wallets and hardware (cold) wallets. Each type offers distinct features and security levels.
Hot wallets are software applications connected to the internet, available on various devices such as browser extensions, mobile apps, and desktop programs. They offer various features for managing assets across multiple networks and accessing various dApps.
Web Wallets
Installed as browser extensions on browsers like Chrome, Firefox, and Opera. Web wallets provide flexibility and accessibility, allowing users to manage, store, and transact cryptocurrencies directly through a web browser. They often support dApps, Web3 applications, and NFTs, making them versatile for various digital asset activities.
Mobile Wallets
Available for iOS and Android devices, mobile wallets offer convenience for managing, storing, and transacting digital assets on the go. However, users should be aware of security risks, such as malware and the potential loss of their mobile devices, and should be cautious about signing malicious transactions.
Desktop Wallets
These are software programs installed on computers. Desktop wallets typically offer more features than browser extensions, including integrated staking and advanced security measures. However, they require a certain level of technical proficiency to use and are often dedicated to specific cryptocurrencies, limiting their support for a broader range of coins.
Cold wallets are physical devices that resemble pen drives. They store private keys offline, providing enhanced security by isolating them from the internet and minimizing the risk of hacking and online attacks. Hardware wallets offer the highest level of security for crypto funds but are less dynamic and flexible than software wallets.
Let’s do a quick rundown on hardware wallets:
Related: 9 Tips For Securing Your Bitcoin and Crypto Wallets You Must Follow
What is the best crypto DeFi Wallet?
It’s hard to gauge exactly which wallet is best for DeFi because that would depend on your intended purpose. However, MetaMask is widely regarded as one of the best DeFi wallets altogether, especially if your focus is on Ethereum.
What is the best decentralized wallet to use?
The term “decentralized wallet” is not accurate because all crypto wallets are developed by a team that’s actively backing and working on them. They may be open-source, but it’s hard to classify them as truly decentralized.
Are DeFi wallets safe?
DeFi wallets are as safe as the crypto security measures that you employ. If you do everything necessary to maintain proper online hygiene, don’t click on phishing links, and store your private keys correctly – they are perfectly safe.
Is Binance a DeFi wallet?
Binance is a centralized cryptocurrency exchange. However, it has developed a wallet called Binance Web3 Wallet, which is quickly becoming one of the more popular options for DeFi users in the Binance ecosystem.
Is MetaMask a DeFi wallet?
Yes, MetaMask is a DeFi wallet. It is one of the veterans in the space and currently the biggest hot wallet on the market.
What is the best wallet for crypto presales?
Participating in crypto presales requires a wallet that supports multiple networks. As such, MetaMask is undoubtedly one of the most popular choices.
These were some of the top DeFi wallets to check out in 2025. However, keep in mind that the best wallet is the one that suits your needs.
Some DeFi wallets are more suitable for beginners, while certain wallets like Binance Web3 Wallet are more complex but offer powerful features for those who know how to use them.
Besides content writing, José is a finance and blockchain journalist with over 5 years of experience, covering the latest news on Web3, DeFi, GameFi, and all things crypto. Contact.
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