14 Best Decentralized Crypto Wallets for 2025
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Finding the best decentralized wallets is challenging, as many providers claim top-tier security and broad compatibility with DeFi and Web3 but lack independent audits, true self-custody, or cross-chain support.
So, we tested and analyzed over 40 wallets to find those that excel in the above criteria. Best Wallet and Ledger topped our list for their privacy-focused features, robust security, wide coin support, and seamless integration with decentralized apps.
A decentralized crypto wallet will help you retain full control over your assets, as you’ll own your private keys, eliminating third-party risk. On the other hand, centralized platforms, like exchanges, manage your private keys on your behalf, which makes your funds more vulnerable to hacks, freezes, or regulatory seizures.
For this reason, choosing the right decentralized wallet is critical. Security, multi-chain support, gas fee controls, and dApp compatibility vary across wallets. And a poor choice can result in lost funds, high fees, or limited functionality. Read on to avoid those pitfalls and choose the right decentralized wallet for you:
Top Decentralized Wallets Shortlisted
Overall Best Crypto Wallet
- Non-custodial multi-chain wallet.
- Broad ecosystem of wallet features.
- Portfolio management and market insights within the wallet.
Best Hardware Wallet for Security
- Securely stores sensitive data with a tamper-proof Secure Element chip
- Leger Live App allows you to buy, sell, swap and stake tokens all in one place
- Custom-built BOLOS operating system ensures app updates are carried out automatically
Best For Seedless, Hardware-Based Storage
- Multi-part backup system that eliminates the need for a recovery seed
- Splits private key into multiple encrypted shards for enhanced security
- Supports over 3,000 cryptocurrencies
Safe Wallet with Staking and dApps
- Self-custodial crypto wallet with 1M customer base
- Multi-chain support powered by MPC for added security
- Buy, sell, send, receive and connect to Web3 dApps
- In This Article
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- 1. Best Wallet — Overall Best Decentralized Wallet
- 2. Ledger — Best Decentralized Wallet for Crypto for Long-Term Storage
- 3. Cypherock X1 — Best Decentralized Wallet for Multi-Wallet Management
- 4. Zengo — Safest Decentralized Crypto Wallet for Backup and Recovery
- 5. Trezor Safe 5 — Best Open-Source Decentralized Wallet
- 6. Ellipal Titan 2.0 — Best Air-Gapped Decentralized Cryptocurrency Wallet
- 7. Blockstream Jade — Best Decentralized Wallet for Bitcoin HODLers
- 8. BlueWallet — Best Decentralized Wallet for Bitcoin Hot Storage
- 9. NGRAVE ZERO — Top Decentralized Wallet for Advanced Security
- 10. SecuX Nifty — Best Decentralized Hardware Wallet for NFT Management
- 11. SafePal S1 — Best Value-for-Money Decentralized Wallet
- 12. Trust Wallet — Best for Decentralized Crypto Wallet for dApp Browsing
- 13. MetaMask — Best Ethereum and ERC-20 Decentralized Wallet
- 14. Phantom — Best Decentralized Crypto Wallet for Solana and SPL Tokens
- In This Article
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- 1. Best Wallet — Overall Best Decentralized Wallet
- 2. Ledger — Best Decentralized Wallet for Crypto for Long-Term Storage
- 3. Cypherock X1 — Best Decentralized Wallet for Multi-Wallet Management
- 4. Zengo — Safest Decentralized Crypto Wallet for Backup and Recovery
- 5. Trezor Safe 5 — Best Open-Source Decentralized Wallet
- 6. Ellipal Titan 2.0 — Best Air-Gapped Decentralized Cryptocurrency Wallet
- 7. Blockstream Jade — Best Decentralized Wallet for Bitcoin HODLers
- 8. BlueWallet — Best Decentralized Wallet for Bitcoin Hot Storage
- 9. NGRAVE ZERO — Top Decentralized Wallet for Advanced Security
- 10. SecuX Nifty — Best Decentralized Hardware Wallet for NFT Management
- 11. SafePal S1 — Best Value-for-Money Decentralized Wallet
- 12. Trust Wallet — Best for Decentralized Crypto Wallet for dApp Browsing
- 13. MetaMask — Best Ethereum and ERC-20 Decentralized Wallet
- 14. Phantom — Best Decentralized Crypto Wallet for Solana and SPL Tokens
Show Full Guide
The 14 Best Decentralized Crypto Wallets Compared
Choosing from so many options can be difficult, so we’ve created a head-to-head comparison table to help you understand what makes the top wallet picks on our list stand out. Here’s an overview of the best decentralized crypto wallets in 2025:
| Wallet | Wallet Type | Supported Cryptos | dApp Integration | Best for |
| Best Wallet | Software | 1,000+ | Excellent | Overall best decentralized wallet in 2025 |
| Ledger | Hardware | 15,000+ | Excellent | Long-term storage |
| Cypherock X1 | Hardware | 9,000+ | Excellent | Multi-wallet management |
| Zengo | Software | 1,000+ | Excellent | Backup and recovery options |
| Trezor Safe 5 | Hardware | 1,600+ | Good | Open-source security |
| Ellipal Titan 2.0 | Hardware | 10,000+ | Good | Air-gapped operation |
| Blockstream Jade | Hardware | BTC and Liquid Network assets | Limited | Bitcoin HODLers |
| BlueWallet | Software | Bitcoin only | Limited | Hot BTC storage |
| NGRAVE ZERO | Hardware | 1,500+ | Good | Advanced security |
| SecuX Nifty | Hardware | 10,000+ | Good | NFT management |
| SafePal S1 | Hardware | 30,000+ | Good | Value for money |
| Trust Wallet | Software | 10+ million | Excellent | dApp browsing |
| MetaMask | Software | All ERC-20 tokens | Excellent | Ethereum and ERC-20 Tokens |
| Phantom | Software | All SPL tokens | Excellent | Solana and SPL Tokens |
Best Decentralized Crypto Wallets: Full Reviews
We tested over 40 decentralized crypto wallets to find those that meet our strict criteria, which include security measures, self-custody, supported assets and networks, ease of use and user experience, backup and recovery options, and smart contract and DeFi integration.
After a deep analysis, we shortlisted the 14 best decentralized crypto wallets for 2025 that stand out for their security, usability, and functionality. In this section, we’ll review each wallet to help you find the one that best suits your needs:
1. Best Wallet — Overall Best Decentralized Wallet
We rank Best Wallet as the top decentralized wallet of 2025 due to its full self-custody, built-in decentralized exchange (DEX), multi-chain functionality, and privacy-first approach. It’s an all-in-one crypto solution for traders, stakers, and DeFi users who value control over their assets. It supports 1,000+ tokens, including Bitcoin and all Ethereum ecosystem tokens, as well as 60+ blockchains, allowing you to buy, sell, stake, and swap assets within a single app. With no KYC or ID verification requirements, it provides a high level of privacy.
As one of the top Web3 wallets available, Best Wallet integrates DEX trading, staking, and portfolio management. However, what sets it apart from the competition is its native token, $BEST. As a holder, you gain early access to new crypto projects, pay lower transaction fees, and earn higher staking rewards. We also appreciate the wallet’s support for biometric authentication and encrypted key storage, which further enhances its security.
In addition, Best Wallet offers seamless integration with decentralized applications (dApps). You can connect to staking providers, such as Rocket Pool and Lido, DeFi platforms like Dex Screener, and analysis platforms like CoinGecko and CoinMarketCap. In September 2025, Best Wallet also added support for top crypto tax apps, such as Blockpit and CoinTracking, to help you easily sort out your crypto taxes.
Best Wallet Key Features
- Wallet type: Software (non-custodial)
- Supported blockchains and assets: Bitcoin, Ethereum, and all ERC-20 tokens
- Supported devices: Mobile app (browser extension coming soon)
- Transaction fees: Network-dependent (no markup); holding $BEST tokens reduces fees
- Is it beginner-friendly? Yes. Simple UI but privacy-focused features may confuse new users
- Security audit: by CertiK
Pros
- No KYC or identity verification
- Built-in DEX for on-chain swaps
- Multi-chain & multi-wallet support
- Biometric & multi-factor authentication
- Offers access to top crypto presales
- Integrated market insights & portfolio tools
Cons
- Desktop app and browser extension still in development
2. Ledger — Best Decentralized Wallet for Crypto for Long-Term Storage
Ledger offers hardware wallets that store private keys offline, protecting your funds against online threats, such as phishing and malware. It’s ideal for long-term storage due to its cold storage, PIN protection, and recovery options. In addition, its Secure Element chip is designed to last between 20 and 30 years.
Ledger’s frequent firmware updates make it a future-proof solution. Models include the Nano S Plus ($79), Nano X ($149), Nano Gen5 ($179), Flex ($249), and Stax ($399), each with varying security, screen size, and connectivity features. The companion Ledger Live app enables portfolio management and diversification, staking, and secure transactions on desktop and mobile.
Ledger wallets support 15,000+ cryptocurrencies, but they have separate apps for different blockchains, which require manual installation. And while we liked its Bluetooth connectivity (Nano X, Flex, Stax), which enhances usability, the relatively complex setup may deter beginners. Furthermore, Ledger Recover ($9.99/month, optional) has raised concerns over privacy and security, as it works by backing up private keys on the company’s servers, which is against the ethos of decentralized, cold storage wallets.
Ledger Key Features
- Wallet type: Hardware
- Supported blockchains and assets: 15,000+ coins, including BTC, ETH, SOL, and ERC-20 tokens
- Supported devices: Desktop (Windows/macOS/Linux), mobile (iOS/Android)
- Transaction fees: Only network fees; no extra Ledger charges
- Is it beginner-friendly? No. The setup requires firmware updates, PIN creation, and secure recovery phrase storage
- Security audit: by Kudelsky Security
Pros
- Functional for 20 to 30 years
- Offline security, immune to hacks
- Ledger Live app for easy management
- Staking and NFT support
- Durable, compact design
Cons
- Expensive, especially Stax and Flex
- Complex setup process
3. Cypherock X1 — Best Decentralized Wallet for Multi-Wallet Management
Cypherock X1 is a decentralized hardware wallet that splits private keys across four encrypted cards and the main device, eliminating seed phrase vulnerabilities. The cards use NFC technology, allowing them to connect to the main device by simply tapping them together.
Unlike other hardware wallets, Cypherock X1 allows you to securely manage up to four wallets with separate private keys. This multi-wallet setup, combined with offline private key storage, ensures seamless portfolio segregation without compromising security.
Unlike traditional wallets, Cypherock decentralizes key storage, which removes single points of failure. This is possible through Shamir’s Secret Sharing, which splits your private key into several parts, eliminating the need for seed phrases, while giving you full control. However, the wallet’s plastic build felt less premium during our tests, and its companion software, cySync, could benefit from additional features, such as built-in swaps.
Cypherock X1 Key Features
- Wallet type: Hardware
- Supported blockchains and assets: 9,000+ assets, major blockchains including Bitcoin, Ethereum, Polygon, and Solana; no support for Cardano
- Supported devices: Desktop (Windows, Mac, Linux) and mobile (iOS, Android)
- Transaction fees: Network-based; no extra fees from Cypherock
- Is it beginner-friendly? No. Its advanced security features require technical understanding
- Security audit: by Keylabs
Pros
- Supports up to four separate wallets
- Open-source and security-audited
- No single point of failure
- Crypto inheritance feature available
- EAL6+ bank-grade security
Cons
- No built-in staking or swaps
- cySync desktop app lacks advanced features
4. Zengo — Safest Decentralized Crypto Wallet for Backup and Recovery
Zengo is a non-custodial, MPC-based crypto wallet that eliminates seed phrase vulnerabilities by splitting your private keys into two parts, storing one on your device and the other on Zengo’s servers. It earned its spot on our list due to its recovery kit, which allows you to recover your wallet even if you delete the app. The recovery kit consists of two mandatory authentication factors: email authentication and a recovery file stored in the cloud. You can also use the 3D FaceLock option to further protect your account.
Zengo supports 1,000+ assets, including Bitcoin, Ethereum, Solana, and stablecoins on 14 blockchains while offering three-factor authentication (3FA) and biometric security. You can buy, sell, and swap assets directly within the mobile app or the recently launched desktop version.
Unlike traditional wallets, you can’t extract the private keys, which Zengo claims reduces hacking risks. While it lacks native DeFi and dApp integration, its support for WalletConnect enables external Web3 access. In March 2025, the provider added Ripple to its list of natively supported networks and is now among our top picks for the best XRP wallets. Keep in mind, however, that Zengo’s MPC technology introduces a centralized element. While the provider never has access to your funds, an issue with its servers may prevent you from signing transactions.
Zengo Key Features
- Wallet type: Software (non-custodial, MPC-based)
- Supported blockchains and assets: 1,000+, including Bitcoin, Ethereum, Polygon, and stablecoins across 14 blockchains
- Supported devices: Mobile app (iOS, Android) and Desktop via web app
- Transaction fees: Variable network fees; additional fees for swaps and purchases
- Is it beginner-friendly? Yes. Lack of seed phrase, biometric security, and an intuitive UI make it easy for newcomers
- Security audit: by Kudelski, Certik, Scorpiones, and AppSec
Pros
- No seed phrase required
- MPC technology enhances security
- 3FA recovery system
- User-friendly mobile and web app interface
- Reliable customer support
Cons
- No private key extraction
- Depends on Zengo’s servers for operation
5. Trezor Safe 5 — Best Open-Source Decentralized Wallet
The Trezor Safe 5 is a hardware wallet designed for maximum security and ease of use. As an open-source wallet, it offers unmatched transparency. The community can audit and verify its security features, ensuring constant updates and protection. Unlike closed-source competitors like Ledger, Trezor’s code is fully accessible, reducing the risk of hidden vulnerabilities.
The wallet features an EAL 6+ Secure Element chip, a 1.54-inch color touchscreen, and haptic feedback for intuitive navigation. This means you’ll feel subtle vibrations when you approve or reject transactions or enter your PIN codes. We also liked its scratch-resistant Gorilla® Glass 3 screen, which highlights its robust construction.
The Trezor Safe 5 supports 1,600+ cryptocurrencies, and you can integrate it with the Trezor Suite app to manage your transactions. Its $169 price tag makes it a premium option for both novice and advanced crypto traders. Unlike Ledger, it lacks Bluetooth connectivity but compensates with Shamir Backup, an advanced wallet recovery system. However, it doesn’t support air-gapped transactions like the Ellipal Titan 2.0.
Trezor Safe 5 Key Features
- Wallet type: Hardware
- Supported blockchains and assets: 1,600+ cryptos, including BTC, ETH, ADA, and ERC-20 tokens
- Supported devices: Desktop, browser extension, mobile app (view-only on iOS)
- Transaction fees: Network fees only
- Is it beginner-friendly? Yes – Touchscreen and Trezor Suite make it easy for all users.
- Security audit: Open-source; regular audits by independent researchers
Pros
- Open-source, fully auditable security
- EAL 6+ Secure Element protection
- Shamir Backup for secure recovery
- Intuitive color touchscreen navigation
- Trezor Suite app for portfolio management
Cons
- No Bluetooth or mobile-only option
- Limited third-party wallet support
- The small screen is inconvenient for complex operations
6. Ellipal Titan 2.0 — Best Air-Gapped Decentralized Cryptocurrency Wallet
The Ellipal Titan 2.0 is a fully air-gapped hardware wallet that keeps your private keys offline at all times. This eliminates risks from WiFi, Bluetooth, or USB-based attacks, as the wallet only communicates via QR codes, which keeps your private keys away from online threats. Its CC EAL5+ Secure Element chip and offline firmware updates make the Ellipal Titan 2.0 one of the most secure hardware wallets available.
Ellipal supports over 50 blockchains and 10,000+ assets, including Bitcoin, Ethereum, and Solana. Its 4-inch touchscreen and aluminum alloy body provide durability and ease of use, while its QR code transactions are a big time saver.
We tested both the Ellipal Titan and the Ellipal Titan 2.0 models. What we liked about the Titan 2.0 model is its auto-shutdown feature, which saves battery, and its HD IPS display, which offers better color consistency and sharpness than Ellipal Titan’s LCD display. However, unlike Ledger or Trezor, Ellipal Titan 2.0 relies on a mobile app rather than a desktop interface.
Ellipal 2.0 Key Features
- Wallet type: Hardware
- Supported blockchains and assets: 50+ blockchains, 10,000+ assets (BTC, ETH, SOL, etc.)
- Supported devices: Mobile app (Android & iOS)
- Transaction fees: Network fees only
- Is it beginner-friendly? Yes. Touchscreen and companion app integration make it easy to use
- Security audit: CC EAL5+ certified chip; no formal audit, but has ongoing vulnerability bounty program
Pros
- Air-gapped security (QR-based transactions)
- Supports 10,000+ assets
- Durable, anti-tamper design
- Long battery life
- dApp and staking support
Cons
- No multi-sig support
- Limited native third-party integrations
7. Blockstream Jade — Best Decentralized Wallet for Bitcoin HODLers
Blockstream Jade is a Bitcoin-only hardware wallet that also supports the Liquid Network (a Bitcoin sidechain) for L-BTC and Liquid assets. It offers air-gapped protection, QR code transactions, and multi-sig support, making it ideal for self-custody. Unlike traditional wallets, the Jade uses server-enforced PIN protection instead of a Secure Element chip. This means that your recovery phrase is directly encrypted on the device.
Interestingly, air-gapped transactions are optional with Jade. This makes it more versatile than other air-gapped solutions, such as Ellipal, as you can also connect your wallet via USB and Bluetooth.
Jade’s open-source design allows for full transparency, but its small screen and lack of native iOS support may frustrate some users. Navigation relies on a scroll wheel and a single button, which isn’t as intuitive as touchscreens. Plus, it’s heavily focused on Bitcoin, making it unsuitable for altcoin holders. However, its affordability ($64.99) makes it an excellent entry-level cold wallet.
Blockstream Jade Key Features
- Wallet type: Hardware
- Supported blockchains and assets: Bitcoin, Liquid Network (L-BTC, USDT, L-CAD, JPYS)
- Supported devices: Desktop, mobile (iOS, Android)
- Transaction fees: Network fees only (customizable in Blockstream Green)
- Is it beginner-friendly? Yes. Simple setup, but limited controls may take getting used to
- Security audit: Fully open-source; regular audits by independent researchers
Pros
- Affordable Bitcoin-only cold storage
- Air-gapped with QR code transactions
- Open-source and highly transparent
- Compatible with various software wallets
- Beginner-friendly setup
Cons
- No native iOS support
- Small screen and basic navigation
- Requires third-party wallets for full functionality
8. BlueWallet — Best Decentralized Wallet for Bitcoin Hot Storage
BlueWallet is our top decentralized solution for those who want to securely store and manage Bitcoin on a software wallet. It offers multi-signature vaults, supports biometrics, and lets you create a passphrase alongside your seed phrase, making it one of the more secure hot wallets for BTC storage.
Security aside, BlueWallet is also one of the best Lightning Network wallets we’ve tested this year. The Lightning Network allows quick, cheap, and private Bitcoin transactions, and BlueWallet gives you seamless access to it straight from the app. In addition, BlueWallet is fully open-source, so the crypto community can analyze its code, review security patches, and verify that it remains a decentralized, non-custodial wallet.
Regarding usability, BlueWallet is available on both desktop and mobile. You get clean, minimalistic applications on all platforms, with an intuitive layout and clearly labeled settings. Keep in mind, however, that this is a Bitcoin-only wallet, so altcoin enthusiasts may want to consider other options, such as Best Wallet, Zengo, and MetaMask.
BlueWallet Key Features
- Wallet type: Software
- Supported blockchains and assets: Bitcoin only
- Supported devices: Desktop, mobile (iOS, Android)
- Transaction fees: Network fees only
- Is it beginner-friendly? Yes, but advanced features have a moderate learning curve
- Security audit: Open-source; regular audits by independent researchers
Pros
- Excellent security features for a software wallet
- Supports the Bitcoin Lightning Network
- Fully open-source
- Compatible with hardware wallets
- Customizable network fee settings
Cons
- Doesn’t support altcoins
- Lacks a fiat on/off-ramp
- Moderate learning curve for advanced features
9. NGRAVE ZERO — Top Decentralized Wallet for Advanced Security
The NGRAVE ZERO is a premium, anonymous hardware wallet designed for maximum security. It boasts an EAL7 certification, which is the highest security standard in the financial industry. With a completely air-gapped design, it operates without USB, WiFi, or Bluetooth, significantly reducing the attack surface. Its 4-inch touchscreen and fingerprint scanner enhance usability while maintaining strict security protocols.
If you want to go beyond protection from online threats, you can purchase the provider’s Graphene backup tool, which you can use for your private keys and seed phrases. It’s made of stainless steel and provides fire, water, and tamper resistance.
NGRAVE ZERO supports 15 blockchains, including Bitcoin, Ethereum, and Solana, plus NFTs on the Ethereum network. While great for security-focused users, those who need broader multi-chain support might prefer alternatives like Ledger or Trezor.
NGRAVE ZERO Key Features
- Wallet type: Hardware
- Supported blockchains and assets: Over 1,500 coins; 15 blockchains, including BTC, ETH, and SOL, all ERC-20 and ESDT tokens, and NFTs on the Ethereum network
- Supported devices: Mobile app (NGRAVE Liquid)
- Transaction fees: Network-based, customizable gas settings
- Is it beginner-friendly? No. It’s designed for security experts, and the multi-step setup process is difficult for beginners
- Security audit: EAL7 certification (highest rating)
Pros
- EAL7-certified – highest security level
- Wide cryptocurrency support
- Fully air-gapped, no online connections
- Tamper-proof with fingerprint authentication
- Ngrave Graphene backup tool for seed phrase protection
Cons
- Expensive compared to competitors ($398)
- Closed-source software reduces transparency
- Bulkier than standard hardware wallets
10. SecuX Nifty — Best Decentralized Hardware Wallet for NFT Management
The SecuX Nifty hardware wallet offers a secure, cross-platform solution for managing cryptocurrencies and NFTs. You can view and manage your NFTs directly from the wallet using its large touchscreen. It also enables you to send, receive, and share NFTs, as well as check their latest prices on popular DeFi marketplaces like Magic Eden and OpenSea. Plus, you can set any of your NFTs as your profile picture.
You can buy four SecuX wallet models – SecuX V20, W20, W10, Nifty, and Shield BIO. SecuX Nifty is specifically designed for NFT enthusiasts. You can connect it to the SecuX Wallet App, which is available for Android and iOS devices. All four wallets support 10,000+ crypto assets, 300+ chains, and NFTs on Ethereum. However, SecuX Nifty is the only wallet that supports NFTs on Polygon, BNB Smart Chain, and Solana.
SecuX Nifty is the first hardware wallet specifically designed for NFT collectors. It supports NFTs on Ethereum, Polygon, BNB Smart Chain, and Solana. The wallet comes with a 2.8-inch color touch screen, which enables you to see your NFT collections in full, and a dynamic keyboard for entering your PIN. You can also manage your NFTs through its mobile app, which features a personalized NFT gallery.
SecuX Nifty Key Features
- Wallet type: Hardware
- Supported blockchains and assets: 10,000+, including Bitcoin and ERC-20, BEP-20, SPL, TRC-10, and TRC-20 tokens
- Supported devices: Desktop and mobile (Windows, macOS, Linux, Android, iOS)
- Transaction fees: Network-based, customizable gas settings
- Is it beginner-friendly? Yes. It has a simple interface, touchscreen, and mobile support, but hidden wallets require manual setup
- Security audit: CC EAL5+ certified chip; no formal audit
Pros
- Supports NFTs on Ethereum, Polygon, BNB Smart Chain, and Solana
- 2.8-inch color touchscreen
- Personalized NFT gallery
- CC EAL5+ Secure Element protection
Cons
- The SecuX Nifty app is not available on desktop (coming soon)
- Comparatively pricey
- Hidden wallets require manual setup
11. SafePal S1 — Best Value-for-Money Decentralized Wallet
For just $49.99, SafePal S1 offers high-end security at a budget-friendly price. Unlike competitors like Ledger, which charge significantly more, it provides air-gapped security, multi-chain support, and DeFi/NFT integration at a fraction of the cost. In addition, you can use the wallet’s free software version without the hardware device if you need a decentralized hot wallet for quick transactions.
The wallet stores your private keys offline, eliminating exposure to online threats. We also loved its support for over 30,000 cryptocurrencies and the self-destruct mechanism that wipes data upon tampering, which strikes a strong balance of security and usability.
While its EAL 5+ secure element ensures top-tier protection, the lack of Bluetooth, WiFi, or USB means all transactions rely on QR codes. Some users may find this inconvenient, and beginners might struggle with the setup process. However, its compact design and backing from Binance make it a solid choice.
SafePal S1 Key Features
- Wallet type: Hardware
- Supported blockchains and assets: 100+ blockchains, 30,000+ cryptocurrencies
- Supported devices: Mobile app (iOS, Android)
- Transaction fees: Standard network fees apply
- Is it beginner-friendly? No. It requires QR code-based transactions and lacks traditional connectivity, making it difficult for new users
- Security audit: by Kraken Security Labs
Pros
- Affordable compared to competitors
- Air-gapped for maximum security
- NFT and DeFi integration
- Free software version available
Cons
- No Bluetooth, WiFi, or USB
- Requires recharging periodically
- QR code-only transaction signing
12. Trust Wallet — Best for Decentralized Crypto Wallet for dApp Browsing
Trust Wallet is a non-custodial software wallet that supports millions of crypto assets and NFTs across 100+ blockchains. We rate it as one of the best wallets for dApp browsing thanks to its seamless integration with DeFi platforms, NFT marketplaces, and Web3 applications. Its built-in dApp browser lets you explore decentralized finance, swap tokens, and access blockchain-based services without leaving the app.
Designed for convenience, Trust Wallet offers in-wallet staking, seamless token swaps, and direct crypto purchases. As a hot wallet, it connects to the internet, making it more accessible but less secure than hardware wallets.
Despite its user-friendly interface, we should note that its lack of two-factor authentication (2FA) is a potential security concern. Nevertheless, Trust Wallet remains a strong choice for those seeking a multi-chain, all-in-one wallet.
Trust Wallet Key Features
- Wallet type: Software
- Supported blockchains and assets: 100+ blockchains, millions of cryptocurrencies, and NFTs
- Supported devices: Browser extension, mobile app (iOS, Android)
- Transaction fees: No wallet fees, but network fees apply
- Is it beginner-friendly? Yes. Simple interface, built-in swaps, and direct crypto purchases make it easy for newcomers
- Security audit: by Halborn, Certik, Cure53, Kudelski, and more
Pros
- Integrated dApp browser for DeFi access
- Free to use, no wallet fees
- Built-in swapping, staking, and crypto purchases
- Works with Ledger for added security
Cons
- Lacks two-factor authentication
- Requires external exchanges for fiat withdrawals
- Limited customer support options
13. MetaMask — Best Ethereum and ERC-20 Decentralized Wallet
MetaMask is a non-custodial software wallet primarily designed for Ethereum (ETH) and ERC-20 tokens. We rate it as one of the best Ethereum wallets due to its deep integration with Ethereum-based dApps, decentralized exchanges, and NFT marketplaces.
It has customizable gas fees, multi-chain support, and compatibility with hardware wallets for added security. Apart from Ethereum, it also supports networks like Binance Smart Chain and all Ethereum Layer 2 networks. It’s available as a browser extension and mobile app, and allows seamless interaction with dApps. You can swap tokens, manage multiple accounts, and connect to Web3 platforms easily. In October 2025, MetaMask also introduced perpetual futures trading with up to 40x leverage, so the wallet now doubles down as a DEX.
However, we can’t recommend MetaMask to complete beginners. Setting up custom networks, managing gas fees, and handling private keys requires technical knowledge. The interface can be overwhelming, and errors like failed transactions or incorrect gas limits can result in frustrating user experiences and unnecessary costs. Security risks, such as phishing, also demand extra caution. While we consider MetaMask secure, it’s a software wallet connected to the internet, which makes it vulnerable to remote attacks.
MetaMask Key Features
- Wallet type: Software
- Supported blockchains and assets: Ethereum, ERC-20 tokens, Binance Smart Chain, Polygon, and other EVM-compatible networks
- Supported devices: Browser extension (Chrome, Firefox, Brave, Edge) and mobile app (iOS, Android)
- Transaction fees: Network fees apply, customizable gas settings
- Is it beginner-friendly? No. Complex setup, manual gas fee adjustments, and security risks make it difficult for new users
- Security audit: Least Authority, Hacken, Consensys Diligence, Spyglass, and more
Pros
- Seamless Ethereum and DeFi integration
- Free to use, no wallet fees
- Built-in token swaps and NFT access
- Open-source and widely adopted
Cons
- Not beginner-friendly (complex UI, manual settings)
- Private keys stored locally (risk of malware)
- No native Bitcoin support
14. Phantom — Best Decentralized Crypto Wallet for Solana and SPL Tokens
Phantom is a non-custodial software wallet designed primarily for Solana (SOL) and SPL tokens, with added support for Ethereum and Polygon. Available as a browser extension and mobile app, it provides a streamlined way to store, swap, and stake crypto while also offering NFT management and DeFi access.
As one of the best Solana wallets, Phantom is secure and easy to use. However, it only supports Solana staking, and we found the built-in swap feature’s 0.85% fee high, especially since it comes on top of the network fees. While security features like phishing protection and scam detection are strong, its lack of two-factor authentication is an issue.
Phantom is the best option for Solana meme coins and other SPL tokens due to its seamless staking, fast transactions, and strong ecosystem integration. It offers swaps, built-in NFT tools, and scam protection, making it the go-to wallet for Solana users.
Phantom Wallet Key Features
- Wallet type: Software
- Supported blockchains and assets: Solana (SPL tokens), Ethereum (ERC-20), and Polygon
- Supported devices: Browser extension (Chrome, Firefox, Edge, Brave), mobile app (iOS, Android)
- Transaction fees: Network fees apply, 0.85% swap fee
- Is it beginner-friendly? Yes. Simple UI, fast setup, and clear staking/swapping features make it easy for all users
- Security audit: by Kudelsky Security and Least Authority
Pros
- Native Solana staking support
- Built-in swaps and NFT tools
- Scam detection and phishing protection
- Open-source and frequently updated
Cons
- No Bitcoin or BNB chain support
- Limited staking (Solana only)
- 0.85% swap fee applies
- Can’t remove built-in accounts
What Is a Decentralized Wallet?
A decentralized wallet is a cryptocurrency wallet that gives you full control over your assets. Decentralized wallet providers don’t have access to your private keys, and they don’t rely on third-party companies, centralized servers, or exchanges to manage your crypto. Instead, you’re the only one who has access to the wallet’s private keys, giving you full, autonomous control over your funds.
That’s in contrast to centralized wallets, which are often provided by cryptocurrency exchanges or brokers. Centralized wallets don’t give you the wallet’s private keys, which means you need to trust the centralized provider to keep your funds safe.
Importantly, when setting up a decentralized wallet, you’ll usually receive the private keys in a simplified form. This is often a 12-word seed phrase that you need to enter in the correct order to reconstruct the private key and regain access to the wallet. Nevertheless, the provider will never have access to the private keys. This means you’re responsible for safeguarding your wallet.
If the wallet is compromised or you lose your seed phrase, the provider can’t help recover your funds. To ensure you don’t misplace your seed phrases, we recommend getting a physical seed phrase storage device, such as Cryptotag, instead of paper, which can be damaged or easily misplaced. The device is made of aerospace-grade titanium and is resistant to both water and heat.
Centralized vs. Decentralized Wallets
The main difference between centralized and decentralized wallets is who holds the responsibility of ‘custodianship’. Centralized wallet providers are tasked with keeping your cryptocurrencies safe. Conversely, decentralized wallets give you full control – meaning you’re responsible for looking after their private keys.
In the case of centralized wallets, private keys are secured by the provider. This is often a crypto exchange or broker. As such, you don’t have access to your private keys. In turn, if the custodian is hacked or goes bankrupt (like FTX), your crypto funds are at risk.
Decentralized crypto wallets, on the other hand, give you complete control of your funds and private keys. This means that you’re not relying on a third-party custodian. You can send and receive funds at any time without needing approval from another person or entity.
However, there’s nowhere to turn if your wallet is hacked or you lose your private keys. Therefore, while the best decentralized wallets give you control of your wealth, you should take the appropriate security measures.
This means keeping the private keys offline at all times, preferably written down on a sheet of paper. In doing so, you can recover your wallet if you forget your password or if the device you use your wallet on is lost or stolen.
Decentralized and Centralized Wallets: Head-to-Head Comparison
If you’re still wondering if a decentralized wallet will suit your needs, here’s a side-by-side comparison with centralized wallets that will help you make an informed decision:
| Decentralized Wallets | Centralized Wallets | |
| Control of Funds (Custody) | You have full control over your private keys and true ownership of your funds | The wallet provider controls the private keys and, by extension, the funds |
| Security | High if private keys are stored safely; you’re responsible for key management | Depends on the provider’s safety measures; vulnerable to hacks or mismanagement |
| Ease of Use | Can be complex for beginners; require understanding of key management and backups. | User-friendly, often with simple interfaces and customer support |
| Backup and Recovery | Recovery via seed phrase or private key; no third-party assistance | Recovery is available through provider support (e.g., password reset); no seed phrase is provided |
| Privacy | Higher privacy; no KYC required | Often require KYC, which means providing personal data |
| DeFi/ dApp Integration | Seamless integration with dApps and DeFi platforms. | Limited or no direct integration with DeFi; often restricted to platform services. |
| Risks | Loss of private keys or seed phrase results in permanent loss of funds | Risk of provider hacks, asset mismanagement, or regulatory issues; less user control |
| Best For | Users who prioritize control, privacy, and flexibility | Beginners or those who value convenience and customer support |
What are the Different Types of Decentralized Wallets?
There are two types of decentralized cryptocurrency wallets – software, which come as desktop, mobile, and browser applications, and hardware, which are physical devices. Let’s explore them in more detail:
Software (Hot) Wallets
Most crypto investors opt for a software-based decentralized wallet. Software wallets are often referred to as ‘hot storage’. This is because the funds remain online at all times, increasing both convenience and risk.
Software wallets come in many forms, but mobile apps are particularly popular. Providers like Best Wallet and Trust Wallet both offer iOS and Android apps. This enables you to secure your crypto funds with a PIN or fingerprint ID.
Mobile wallets are very convenient for actively managing crypto portfolios. At the click of a button, you can send, receive, and trade crypto right from your smartphone.
Software wallets also come with browser extensions. For example, MetaMask offers an extension for Chrome, Edge, Brave, and Firefox browsers, so you can access the crypto markets whenever you’re on your PC.
Some decentralized wallet apps come as desktop software, but this is less common. Popular choices include Exodus, Electrum, and the companion apps of some hardware wallets, like Ledger.
Hardware (Cold) Wallets
Hardware wallets allow you to store your private keys on a physical device, which keeps them offline at all times. To transfer crypto to another wallet, you must enter a PIN on the hardware device, scan a QR code, or use biometrics, which offers an ultra-secure way to store large amounts of crypto.
However, cold wallets are far from convenient for active crypto traders. That’s because making quick trades is cumbersome, considering you need access to the physical device.
The leading hardware wallet providers are Cypherock, Trezor, and Ledger. All three are decentralized, as neither provider has access to the wallet’s private keys.
However, keep in mind that you’ll need to provide some personal and financial information when buying a hardware wallet online.
How Secure Are Decentralized Crypto Wallets?
Decentralized wallets are secure, but use a non-custodial approach, which puts responsibility on the user. On one hand, you’re in possession of your private keys instead of third parties (like crypto exchanges), which are a common target for hackers. On the other hand, misplacing your seed phrase or having it compromised means losing your funds, with no way of getting them back.
Decentralized software wallets are at risk from remote hacking attempts and theft. As such, you must ensure that you follow sensible security practices to keep your crypto funds safe.
For example, those using a mobile wallet should ensure that they’ve enabled PIN or biometric protection. This should be in addition to a smartphone’s lock screen password. If someone is able to bypass these security measures, they’ll have access to the wallet. This is also the case for desktop and browser extension wallets.
Another way for hackers to access a decentralized wallet is through phishing links. For example, a scammer might impersonate the wallet’s support team and send a link for you to click.
Unwittingly, the link might install a virus or keylogger, enabling the scammer to access the wallet remotely. The safeguard here is to never click links from unknown sources, whether on social media or in emails.
The safest option is to keep the crypto wallet offline at all times. For example, consider installing the wallet on a cheap smartphone that you never connect to the internet.
Hardware wallets are more secure than software ones because they store your private keys offline. However, this doesn’t make them impenetrable. For example, on Dec. 14, 2023, Ledger detected an exploit using the Ledger Connect Kit. Fortunately, the vulnerability was quickly spotted and resolved.
This is why you should always use reputable wallet providers that implement robust security measures, such as providing regular firmware updates and security audits. Moreover, you should never share your private keys or recovery phrases.
Ultimately, decentralized wallets are safe, but you must also take responsibility. You need to consider that increased convenience often leads to reduced security.
What are the Benefits of Using a Decentralized Crypto Wallet?
Some of the core benefits decentralized wallets offer include sole custody of the private keys, access to dApps, and faster transaction times.
Still not sure if a decentralized wallet is the best option? Here are some of the benefits of using one:
True Ownership of Your Crypto Tokens
The main attraction of decentralized wallets is that you control your funds. That’s because only you can authorize outgoing transactions, and there’s no third party that could block them or misuse your funds.
Moreover, entities — whether that’s the wallet provider or the government — cannot access your crypto assets. This allows you to store wealth outside of the conventional financial system. In other words, you don’t need to trust decentralized wallet app providers as you do with centralized exchanges.
Store a Great Number of Coins
When using a centralized wallet, the number of supported tokens is often limited, as you can only store tokens that the exchange supports. In comparison, the best decentralized providers support thousands, sometimes millions, of cryptocurrencies. They also let you add custom tokens – as long as the wallet supports a blockchain network, you can manually add any token on that network by simply pasting its contract into the wallet.
Take Trust Wallet as an example. It’s compatible with over 100 blockchain networks and 10 million+ cryptocurrencies and NFTs. This enables you to store all your digital assets in one safe place.
Access Web3 Decentralized Applications (dApps)
The best decentralized crypto wallets provide seamless access to Web3 dApps. Some of the most commonly supported dApps include:
- Uniswap — the most popular DEX within the Ethereum ecosystem
- SushiSwap — a Uniswap fork that offers token swaps, liquidity provision, and yield farming
- PancakeSwap — a Binance Smart Chain-based DEX, popular for its low fees
- OpenSea — a marketplace for buying, selling, and trading NFTs
- Compound — a decentralized lending protocol that allows you to borrow and lend crypto assets while earning interest
- Yearn.finance — a platform that automatically moves your crypto across various DeFi protocols to maximize interest returns
But there are hundreds more. Crucially, these dApps offer access to decentralized finance tools, such as token swaps, staking, yield farming, and dual investments.
Use Decentralized Exchanges
Unlike centralized platforms, decentralized crypto exchanges require you to connect a wallet and trade with the funds in it, instead of depositing with a credit card or a bank transfer. DEXs are an excellent option for users who want to trade anonymously or access niche tokens that aren’t usually available on major exchanges.
Popular options you can access with a decentralized wallet include Hyperliquid (for high-volume trading), Uniswap (for Ethereum ecosystem tokens), PumpSwap (for meme coins), and Raydium (for Solana-based coins).
Anonymity
Another popular feature of decentralized crypto wallets is anonymity. This means you can create a wallet without providing any personal information or contact details. All you need to access your wallet is the respective password or private keys.
Keep in mind, however, that transactions on public blockchains are visible to anyone, so if anonymity is a top priority for you, you should avoid sending funds from your decentralized wallet to a centralized exchange that has your personal data.
What are the Drawbacks and Risks of Using a Decentralized Wallet for Crypto?
Although the advantages of decentralized, self-custody wallets are plenty, the main drawbacks you need to consider are the increased responsibility for your assets’ security, the usual complexity of decentralized wallets, and the lack of some quality-of-life features. Let’s unpack that in more detail:
Furthermore, decentralized wallets tend to be complex. Setting up, managing, and securely storing private keys or seed phrases may prove challenging if you lack the know-how. Interaction with various dApps, setting up gas fees and slippage, and executing cross-chain swaps is also usually difficult for beginners.
Finally, even the best decentralized wallets often lack the extensive features of centralized platforms. In many cases, you’ll find limited fiat on and off-ramp options, a lack of integrated trading capabilities (especially derivatives trading), and spotty customer support.
How to Use a Decentralized Crypto Wallet: Step-by-Step Guide
Before wrapping up this guide, let’s go over the steps to download and start using a decentralized wallet. Our recommended choice is Best Wallet, a user-friendly, free mobile app available on iOS and Android.
Follow these simple steps to set up Best Wallet and begin managing your crypto today:
Step 1: Download the Best Wallet App
Visit the official Best Wallet website and click the Download button. Then, scan the QR code with your mobile device to download the app. Alternatively, you can go to the Google Play Store or the Apple App Store, search for Best Wallet, and download the app. The installation is quick and completely free.
Step 2: Create an Account
Once you’ve installed the app, open it and enter an email address to set up your account. You’ll receive a verification link that you must click. If you want to maximize your privacy, we recommend using a burner email that isn’t linked to your identity.
Step 3: Secure Your Wallet
The app will prompt you to back up your private key. Since Best Wallet uses Multi-Party Computation (MPC) for decentralized key storage, you won’t get a seed phrase. Instead, the wallet will split your private key into separate parts and securely encrypt them on your device and on the cloud. Best Wallet will also require you to select a passcode and set up 2FA and/or biometric authentication (fingerprint/FaceID login) for added security.
Step 4: Start Using Best Wallet
Once set up, you can now send, receive, and manage your crypto assets directly from the Best Wallet app.
You can also buy crypto with fiat, use various decentralized applications, keep up with the latest crypto news, invest in presales, and more.
Visit Best WalletMethodology: How We Selected the Best Decentralized Wallets
Selecting the best decentralized wallets requires a rigorous evaluation of key factors that impact security, usability, and functionality. During our research, we prioritized security and private key control, ensuring you retain full custody of your assets
We also assessed multi-chain support, as broader compatibility enhances flexibility for trading, staking, and DeFi. Ease of use and UX play a crucial role, while backup and recovery options ensure funds aren’t lost. Finally, smart contracts and DeFi integration determine a wallet’s effectiveness in Web3 interactions. Here’s how we ranked the providers in our list of decentralized wallets:
Security and Private Key Control (25%)
Security and private key control determine whether you truly own your crypto. A decentralized wallet should be non-custodial, meaning only you hold the private keys. If a wallet manages your keys (like centralized exchanges do), you don’t truly own your assets — you trust a third party.
We assessed security by checking open-source code, audit history, and encryption standards. Open-source wallets like MetaMask and Trezor allow public scrutiny, submit themselves to regular audits from third-party firms like CertiK to boost trust, and use strong encryption and seed phrase backups, which we’ve taken into account during our analysis.
Furthermore, multi-signature support and hardware wallet integration reduce attack risks. If a wallet lacks these, it’s not truly secure. Never use wallets without a verified audit or recovery options.
Smart Contract and DeFi Integration (25%)
Smart contract and DeFi integration determine how efficiently you interact with dApps, DEXs, and staking platforms. A wallet should enable secure, seamless Web3 connections without exposing private keys.
We analyzed dApp compatibility, transaction previews, and contract risk analysis. If a wallet lacks multi-chain support or staking features, DeFi usability is limited. A good DeFi wallet ensures secure, efficient, and flexible Web3 interactions.
Supported Cryptocurrencies and Networks (25%)
A wallet’s supported cryptocurrencies and networks determine what assets you can store, trade, and interact with. A good decentralized wallet supports multiple blockchains, such as Ethereum (ERC-20), Bitcoin, Solana (SPL), and BSC (BEP-20).
To assess this, we checked native asset support, custom token imports, and cross-chain functionality. For instance, MetaMask supports ERC-20 tokens but lacks Bitcoin, while Best Wallet supports over 60 blockchain networks and various Web3 integrations.
Multi-chain support matters for DeFi, NFTs, and staking. If a wallet doesn’t support Layer 2 networks like Arbitrum and Optimism or custom RPCs, you’ll face higher fees and limited dApp access. A flexible, multi-network wallet ensures better usability and asset management.
Ease of Use and User Experience (UX) (15%)
Ease of use and UX impact how efficiently you manage crypto. A good wallet should be intuitive, responsive, and error-resistant. We evaluated our prospects’ UX by testing transaction flows, gas fee customization, and multi-platform syncing.
Gas control matters; some wallets let you adjust fees manually, while others offer fewer options. Poor fee settings can lead to failed or costly transactions. Multi-platform syncing ensures seamless access across devices — think browser extensions, desktop, and mobile apps.
A clunky UI or missing sync features make Web3 interactions frustrating. We looked for clear signing prompts, minimal approval clicks, and smooth dApp connections. A wallet that confuses users increases risks — one wrong click can drain funds. Simplicity and control are essential.
Backup and Recovery Options (10%)
Backup and recovery options ensure you don’t lose access to your crypto if your device is lost, stolen, or compromised. Without proper recovery, your funds are gone forever. We examined this by checking seed phrase security, encrypted backups, and alternative recovery methods. A strong wallet provides a 12-24 word seed phrase and local encrypted backups.
You should avoid wallets that store keys on centralized servers, as they could expose you to hacks. Multi-device support also matters — Ledger Live syncs securely, while MetaMask requires manual imports, for example. Essentially, a good wallet lets you restore quickly and securely. If recovery is complex or poorly implemented, you risk losing everything.
Conclusion: What is the Best Decentralized Wallet in 2025?
Choosing the right decentralized wallet is essential for maintaining full control over your crypto assets. Unlike centralized options, decentralized wallets give you sole ownership of your private keys, avoiding third-party risks like exchange hacks, regulatory seizures, and account freezes.
However, each wallet offers different security measures, blockchain support, and user experiences, making research crucial before selecting one. Security, backup options, and ease of use should be top priorities when selecting a wallet. Based on those factors, we recommend Best Wallet as the top decentralized wallet due to its non-custodial build, integrated DEX, and advanced security features.
However, regardless of the wallet you choose, you should always follow best security practices, including safely storing your seed phrase and avoiding phishing attacks and scams. Crypto security is ultimately your responsibility when utilizing decentralized wallets — choosing a secure wallet is only the first step.
Visit Best WalletFAQs
What is the safest decentralized crypto wallet?
Is Coinbase Wallet decentralized or centralized?
Is Trust Wallet decentralized or centralized?
What fees do decentralized wallets charge?
How secure are decentralized crypto wallets?
Can a decentralized wallet be traced?
Is Trust Wallet truly decentralized?
How to get money out of your decentralized wallet?
References
- Does Best Wallet Have a KYC Process? (Best Wallet)
- Supported Coins & Tokens (Ledger)
- How does Blockstream Jade’s oracle-enforced PIN protection work? (Blockstream Jade)
- Which coins are supported? (NGRAVE)
- Security Incident Report (Ledger)
- Compare Hardware Wallets (SecuX)
- Ellipal Cold Wallet Comparison (Ellipal)
- What is Zengo’s Recovery Kit (Zengo)
- What is Decentralization in Blockchain (Starknet)
- What is Self-Custody in Crypto (Trust Wallet)
- What Are Decentralized Applications (Fireblocks)
- Public and Private Keys Explained (Trezor)
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