Find out which Web3 wallets are the best in web3-verse for 2023!
Web3 has come a long since 15 years of Bitcoin came into existence and almost a decade for Ethereum. Your identity in Web3 runs by a complex alphanumeric string. That’s your web3 wallet address. That’s your identity.
What is Web3?
Web3 is an idea of the internet. A world wide web where read-and-write-only data is available to everyone. But, don’t worry about the risks of open information.
Encryptions ensure the protection of Information in Web3. These encryptions protect the block containing the data and are linked to the next block.
So, the only block with no previous blocks’ encryption is the Genesis block.
What are Web3 wallets?
A web3 wallet is a type of digital wallet that allows users to interact with decentralized applications (dApps) and decentralized finance (DeFi) platforms on the blockchain. It is designed to store and manage cryptographic assets, such as cryptocurrencies, digital tokens, and NFTs.
Furthermore, a web3 wallet typically connects to the blockchain through a browser or browser extension, eliminating the need for a separate client or software. This allows for seamless interaction with decentralized applications and platforms, enabling users to securely store, transfer, and manage their digital assets.
And, some prominent features of web3 wallets include the ability to generate and manage private keys, sign transactions, and view transaction history. Web3 wallets also often support multiple blockchain networks and digital assets, providing users with a single platform to manage their digital assets.
Best Web3 Wallets for 2023
Web3 has been here for almost 15 years now. Since the launch of Bitcoin in 2008, the decentral web has come a long way to provide general-purpose blockchains, wallets for identities and platforms to sell, trade and buy – from digital collectables to cryptocurrencies.
So, let’s visit and explore the best web3 wallets for 2023. The list of the web3 wallets in our selection is as follows:
MetaMask
MetaMask is one of the most popular, old, and versatile wallets to exist in today’s day and age. The Ethereum-supporting wallet exists as an extension and as a mobile wallet app.
The non-custodial wallet facilitates and supports more than 200+ various tokens across many chains. It’s a great space to swap tokens without hassle, within 30 sec, with a minimal gas fee, Metamask needs no introduction, it’s simply one of the best web3 wallets in 2023 that you’ll work seamlessly with.
Features:
- Easy set up
- Stake and Earn
- DApp compatible
- Multi-chain compatible
- Supports multiple currencies
- Easy management of digital assets
Supporting Blockchains: Easily supports EVM-compatible DApps and Networks. A few EVM-compatible blockchains are:
- Ethereum Mainnet
- Binance Smart Chain
- Harmony
- Polygon
- Arbitrum One
- Optimism
Supporting Standards: ERC20, ERC721, & ERC1155
Stablecoin Support: Yes.
Present as: Metamask Web Extension, Metamask Mobile App (Windows and iOS)
Uses: Cryptocurrencies, NFTs, Stablecoins, Stake and Earn
Trust Wallet
If you want to trust someone with your digital assets, Trust Wallet might be the right pit stop for you. This wallet comes with many features that bring in security and accessibility making DeFi transactions as smooth as butter.
Features:
- Buy crypto with credit card
- Exchange crypto in less than 5 min
- In-app exchange of crypto
- Interest for the token deposited
- Supports multiple currencies
- Easy management of digital assets
Supporting Blockchains: Bitcoin, Ethereum, Polkadot, Polygon, Tron, Cosmos, Filecoin, Stellar, Avalanche, Algorand, Waves, and much more!
Supporting Standards: ERC20, BEP2, & ERC721
Stablecoin Support: Yes.
Present as: Trust Wallet Web Extension, Trust Wallet Mobile App (Windows and iOS)
Uses: Cryptocurrencies, NFTs, Stablecoins, Stake and Earn, and manage digital assets
Coinbase Wallet
You can store all you want in your wallet, but where do you go for a smooth DEX experience? I’d choose Coinbase.
Additionally, Coinbase provides facilities to buy, sell, and trade cryptocurrencies within the system. You can store multiple tokens, exchange them and get your hands on NFTs.
Not to mention you can let your NFTs go live within the in-built marketplace
Features:
- Buy, Sell, Trade Crypto
- DeFi transactions
- Self Custody Wallet
- Store 100+ different tokens
- Store NFTs
Supporting Blockchains: Arbitrum, Avalanche C-Chain, BNB Chain, Gnosis Chain, Fantom Opera, Optimism, Polygon, xDai, Solana
Supporting Standards: ERC-20, ERC721, ERC1155 & many Ethereum-compatible standards.
Stablecoin Support: Yes.
Present as: Coinbase Mobile App (for iOS & Android) & Web Extension for Chrome
Uses: Cryptocurrencies, NFTs, DeFi transactions and managing digital assets
Exodus
Exodus takes pride in being a Bitcoin wallet for dedicated users who use BTC. But, it also provides a space like other wallets to store cryptocurrencies, swap tokens, state ADA, and buy Exodus shares!
Additionally, you have “EXIT tokens”, tokens that represent the share you hold. These tokens are available from the Algorand blockchain.
Features:
- Buy Exodus Shares
- Open-Source
- Self-Custody
- Hardware wallet with Trezor
- Functions on multiple networks such as ETH, BTC, SOL, etc.
Supporting Blockchains: Bitcoin, Ethereum, Fantom, UniSwap
Supporting Standards: ERC20, ERC721, TRC10, TRC20, and other Ethereum compatible tokens.
Stablecoin Support: Yes.
Present as: Web App Extensions (Chrome & Brave), Mobile App (iOS & Android), Desktop Wallet.
Uses: Exchange, Swap, Store, Stake and Earn
Argent
This wallet is just right for heavy DeFi users and NFT collectors. Argent presents wallets in many versions to suit your needs. The Vault is an Ethereum Mainnet wallet, but it also provides zkSync Wallet which runs in L2 protocol.
Besides running on the StarkNet protocol, this wallet comes in many forms and is a Dappland for Gamers, NFT collectors, protocols, DeFi apps, and more!
Features:
- Store NFTs
- Multi-sig security
- Non-custodial
- Independently audited
- No seed phrase
- Supports 240+ various tokens
Supporting Blockchains: Ethereum
Supporting Standards: ERC-20, ERC-721 and ERC-1155 and other Eth-based tokens
Stablecoin Support: Yes.
Present as:
Argent-X: Extensions for Chrome and Mozilla Firefox
Argent Vault: Mobile App (for iOS & Android)
Uses: Buy, Exchange, Swap, Store, Stake and Earn
Frame
Frame is a privacy-focused Ethereum wallet. It considers security as a top priority.
With its simple documentation that’s easy to surf, Frame gives you an easy hand in all DeFi activities you want to step into.
The protocol supports various functions and upgrades frequently to bring the best of DeFi. It’s a great web3 wallet for 2023 to protect all the data dear to you.
Features:
- DeFi transactions
- Multichain
- Store variety of Crypto and NFTs
Supporting Blockchains: Anything EVM compatible! Such as Ethereum Mainnet, Arbitrum, Optimism, Polygon, xDai and more!
Supporting Standards: EVM compatible digital ledgers call for EVM-compatible tokens.
Supporting Standard: ERC20, ERC721, & ERC1155
Stablecoin Support: Yes.
Present as:
Desktop App – Windows, Linux &macOS.
Web Extensions – Mozilla Firefox & Chrome
Zerion
Zerion is a decentralized finance (DeFi) wallet that enables users to manage their digital assets and participate in DeFi protocols. It provides a user-friendly interface that makes it easy for users to access DeFi services, such as lending, borrowing, staking, and yield farming.
Moreover, the Zerion wallet supports a wide range of assets, including Ethereum-based tokens, stablecoins, and other cryptocurrencies. Not to forget, it also integrates with a number of DeFi protocols, such as Aave, Compound, and Uniswap, allowing users to access these services directly from the wallet.
With its focus on ease of use and security, the Zerion wallet is a popular choice for individuals and organizations looking to get involved in the DeFi space.
Features:
- Multichain trading
- Non-custodial
- Swap tokens
- Secure encryption
- DeFi services
- Zerion DNA for NFTs
Supporting Blockchains: Ethereum, Arbitrum, Polygon, Fantom, Optimism, and other Ethereum-compatible blockchains.
Supporting Standards: BEP2 & ERC20
Stablecoin Support: Yes.
Present as: Web Wallet, Mobile app for iOS & Android.
Uses: Swap tokens, store NFTs and tokens. Multiple DeFi services.
ZenGo
The ZenGo wallet provides you with private keys and secures it with encryption tightly.
ZenGo provides a complete DEX experience, although a wallet. It supports buying, trading, and swapping, of tokens and DeFi features. Additionally, it comes with a secure opportunity for NFT hoarders and collectors to buy, sell, swap, trade and store securely.
Features:
- DeFi transactions
- Biometric locking
- No private key vulnerability
- Supports NFTs and DeFi functions
Supporting Blockchains: Ethereum, Polygon, Decentraland, Sandbox, and many more.
Supporting Standards:
Stablecoin Support: Yes.
Present as: Keyless mobile wallet in Mobile Apps for iOS & Android.
Uses: Stores more than 200+ tokens and various NFT collections. Performs DeFi functions.
Phantom
Solana’s Phantom blockchain is a decentralized, high-performance blockchain platform designed to meet the demands of modern applications. It uses a novel consensus mechanism known as Proof of History (PoH) to achieve high transaction throughput and low latency, making it well-suited for use cases such as decentralized finance (DeFi) and gaming.
Furthermore, one of the key features of Phantom is scalability. With its unique PoH consensus mechanism, Phantom can process up to 65,000 transactions per second, making it one of the fastest blockchains in the market. This high transaction throughput is made possible by the use of a hash time-locked contract (HTLC) to secure transactions and prevent double-spending.
Consequently, in terms of security, Phantom leverages the power of the Solana network to provide a secure and decentralized infrastructure. With its distributed and decentralized architecture, Phantom is resistant to censorship and provides users with full control over their assets and data.
In conclusion, Solana’s Phantom blockchain is a versatile and high-performance platform that provides businesses and developers with a fast, secure, and scalable infrastructure for building decentralized applications. Whether you are looking to build a DeFi application, a gaming platform, or any other decentralized application, Phantom is a platform worth considering.
Basically, it’s a great web3 wallet for your 2023!
Features:
- DeFi transactions
- Non-custodial
- Secure to store
- Hardware connect
- Biometric authentication
- Swap as many as 200+ tokens
- Save your NFT collections
Supporting Blockchains: Solana
Supporting Standards: SPL (Solana Program Library) and ERC20
Stablecoin Support: Yes.
Present as:
Mobile App for Android and iOS
Web Extensions for Chrome, Mozilla Firefox, Brave, and Edge
Uses: Swapping tokens, accessing various Solana Apps, Store NFTs, Store Cryptotokens.
Safe
The Safe wallet supports the leading blockchains such as Ethereum, Polygon, Aurora, and the Gnosis chain.
Furthermore, Safe is compatible with ERC 20 and ERC 721 standards, this wallet allows you to store more than 50+ cryptocurrencies and comes with a multi-sig feature. This provides the security that the ownership is not compromised.
Features:
- Multi-signature
- DeFi transactions
- Privacy
- Collectable NFTs
- Gasless signatures
- Open Source
- Formally verified
Supporting Blockchains: Ethereum, Binance Smart Chain, Polygon, Gnosis Chain, Avalanche, Arbitrum, Optimism, Aurora.
Supporting Standards: ERC20 & ERC 721
Stablecoin Support: Yes.
Present as: Safe Web App, Safe Desktop, Safe Mobile App (Windows and iOS)
Uses: Cryptocurrencies, NFTs, and DeFi transactions
Summary
So, winding up with listicles we see 10 web3 wallets for 2023. Most of them are functional on world’s first generic blockchain – Ethereum, however, not all are supported by the blockchain.
Consequently, wallets are multichain functional and most of them have a strict consensus that protects the user’s identity and assets.
What’s more, all wallets support multiple tokens and your basic ERC standards that aid you and developers alike to craft the best DApp for your code.
You can find out more about your blockchains for 2023 and see which blockchain suits your needs to create a wallet.
