If you are a crypto investor or a crypto newbie just getting into the crypto market, chances are that you have heard about Solana.

Solana is a cryptocurrency that was introduced into the crypto space in March 2020 and since then has witnessed massive popularity, which in turn has translated to its value moving from $0.75 all the way up to $31.10 at the time of writing.

It has, just like Ethereum, also been a bedrock for NFTs, adding to its uniqueness and desirability by a lot of investors. Hence, it is no surprise that you may have already bought some of this cryptocurrency.

However, while this might be the case, you may still be worried about how best to store them, which is what we shall be discussing here today. The crypto market has the best wallets, which you can use to safely store your Solana asset.

That said, let us take a look at each of them below:

Summary

• Phantom Wallet
• Exodus Wallet
• Ledger Nano X
• Atomic Wallet
• Math Wallet
• Solong Wallet
• D’CENT Wallet
• Guarda Wallet

Phantom Wallet

The Phantom Wallet is a top-tier Solana wallet that is crypto-friendly, providing an avenue for investors to store, buy, send, receive, swap tokens and collect NFTs on the Solana blockchain.

According to the creators of Phantom, Phantom does not have access to any of your data, and it does not track any personally identifiable information, your account addresses, or asset balances.

The wallet also has additional security and biometric authentication to protect your assets while on the go.

Depositing Solana onto your Phantom wallet is also easy, as all you have to do is simply get your Solana address, which you can get by clicking the wallet name or the wallet address present in the upper part of your wallet.

After that, you go to the withdraw section of the cryptocurrency exchange you're using and paste your Solana address and the amount you want to withdraw before moving on to confirm the transaction.

At this point, all you need to do is simply exercise patience, and before you know it, your Solana assets will be safely sent to your Phantom wallet for proper storage. It doesn’t get any simpler than this.

Features of the Phantom wallet

Has a built-in exchange

The phantom wallet has a very simple interface alongside a built-in exchange that gives investors such as you the ability to swap Sol tokens on the Solana ecosystem.

NFT integration

The Phantom wallet is one of those few wallets that has support for NFTs, meaning that you can also store NFTs built off of the Solana network in the Phantom wallet.

This alone is great news for investors who have largely diversified investment portfolios that cut across cryptocurrencies and NFTs.

Ledger hardware support

The Phantom wallet is known to support the Ledger hardware wallet, which means you can connect your Phantom wallet to the Ledger hardware wallet for even better security.

At the same time, you can also stake Solana of which you get rewards for participating in this activity.

Pros and Cons

Pros

• It is integrated with other browsers, such as Chrome, while having a simple-to-use interface
• It is a non-custodial wallet, which means that you are in total control of your private keys
• It has a built-in token swap feature, which is very convenient for investors who engage in this activity
• It has extremely low fees

Cons

• It was made solely for the Solana cryptocurrency and does not support other currencies such as Bitcoin and Ethereum
• Its mobile app does not have full functionality yet
• The wallet is relatively new, with a lot of developments to be made

Exodus Wallet

The Exodus wallet is another excellent option for safely storing and securing your Solana asset. Unlike the Phantom wallet, this wallet gives you the opportunity to also store other cryptocurrencies, such as Bitcoin, allowing for greater flexibility.

Apart from the fact that you can store your Solana on Exodus, there is also the option of storing Solana-based NFTs and exploring Solana DeFi, and Dapps.

You can even grow your own collection and browse other collections via the wallet.

This is made possible simply because Exodus wallet considers itself a one-size fits, acting as crypto and web3 wallet in order to give you the best of both worlds.

Moving on, this wallet was founded in 2015 by JP Richardson and since then, it has seen over 200 product updates, and over 235 digital assets supported.

Also, the Exodus wallet assures you that your private keys and transactions are well encrypted; hence, you don’t have much to worry about.

Features of the Exodus wallet

Simple user interface

With Exodus, you can trade your Solana and other cryptocurrencies just with a few clicks and within minutes.

This is made possible because Exodus keeps away the complex details to ensure that you get your business done without any hassle.

Friendly and trusted

With Exodus, you can easily learn how to buy, sell, and use cryptocurrencies. In addition, you are shown how to control your wealth while having fun doing it, which is quite laudable.

Offers crypto rewards

Exodus wallet offers you crypto rewards without risk once you stake your crypto assets. This reward oftentimes comes in the form of a percentage yield, which is given to you for your efforts.

This alone proves that you can make passive income using the Exodus wallet without doing too much and at no risk at all.

Desktop sync

You can use your 12-word backup phrase to sync your mobile wallet to your desktop. This is a feature that comes highly recommended, as you can exchange in seconds on your mobile device with transactions that mirror your desktop.

Pros and Cons

Pros

• Exodus wallet has 24/7 human support available
• It has a very simple and easy-to-use interface
• Supports other hardware wallets such as the Trezor hardware wallets
• It is free to download, with no registration or account setup required
• It allows users to buy crypto while on the go

Cons

• It doesn’t have support for cryptocurrency to fiat transactions
• You can’t buy cryptocurrencies in the Exodus mobile wallet
• The Exodus mobile wallet does not support as many cryptocurrencies as the desktop wallet.

Ledger Nano X

The Ledger Nano X hardware wallet is a flagship device of Ledger, known to be very suitable for safely storing and securing Solana.

In addition, you get to buy, exchange, and even grow your cryptocurrencies and manage your NFTs all on this device, which is something to take note of considering that not all wallets offer these features.

There is also the Ledger Live app, which you can combine with the Ledger Nano X for maximum security and control over your digital assets.

Also, thanks to the Ledger Live app, you can easily install the Solana app, which can be readily accessed through the app catalogue.

Moving on, the Ledger Nano X has an attribute that is not often seen in other wallets.

This attribute is pointed toward the fact that the Ledger Nano X has certain accessories that go along with it. These accessories include the Billfodl and the Cryptosteel capsule.

The Billfodl is made out of stainless steel, so it's rustproof, fire-resistant, and can withstand a shock of up to one million volts. The Cryptosteel Capsule is also made of stainless steel and is waterproof and fireproof. 

They exist to give the Ledger Nano X wallet added security, should you choose to want that.

Features of the Ledger Nano X

It has a good physical appearance

The Ledger Nano X, upon close inspection, is small and lightweight, with a weight of 34 grams, making it highly convenient for usage.

Also, upon purchase, you will be given the wallet, a USB Type C cable, instruction booklet, keychain strap and three separate sheets on which to note down your recovery phrase.

All of these are to make sure that the chances of your crypto assets getting compromised are close to zero.

Simple-to-use interface

The Ledger Nano X has a large built-in screen and two buttons that are nicely integrated to enable ease of access. It also has Bluetooth connectivity, which allows you to control the wallet right from your mobile device.

Supported cryptocurrencies

The Ledger Nano X, with the integration of the Ledger live app, supports over 5,500 cryptocurrencies and 100 apps, making it stand out among other Solana-supported wallets.

Connect services

The Ledger Nano X gives you access to their smart services, which includes DeFi apps, NFTs, and much more.

Pros and Cons

Pros

• It is highly secure and CC EAL5+ certified.
• Private keys are stored inside the chip of the wallet
• It is highly compatible with 64-bit desktop computers excluding ARM processors and is also compatible with smartphones
• It is Bluetooth enabled

Cons

• It is quite pricey
• The device is not suitable for mining
• It does not support more than 100 apps
• Bluetooth is only compatible with the mobile app, not desktop
• You can’t stake many cryptocurrencies using Ledger Live

Atomic Wallet

With the Atomic wallet, you are looking at a crypto wallet that allows you to buy, stake and exchange Solana and other cryptocurrencies.

With this wallet, you can swap over sixty cryptocurrency pairs anonymously and receive cash back for exchange.

In addition, you can stake Solana and other crypto assets, such as Tezos with 5-20% annual percentage revenue and get rewards in return for it.

Moving on, since your crypto assets are stored on the blockchain, the Atomic wallet connects directly to the blockchain nodes to show you all the information you need about your assets, such as your balance and transaction history.

Finally, this wallet is non-custodial, which means that you own your backup and private keys, thus fully controlling your funds.

Features of the Atomic Wallet

Atomic swaps

The Atomic wallet allows you to swap one cryptocurrency for another, such as Solana for Ethereum, and so on. In addition, this swap is cross-chain and does not involve any risk whatsoever.

Also, while performing an atomic swap, you can’t experience failed transactions simply because it is a straightforward process. It either occurs or does not, showing that you have nothing to worry about when carrying out this action.

Top-notch security

The atomic wallet uses state-of-the-art encryption to make sure that it is next to impossible to get your wallet compromised.

Also, your seed phrase and other relevant information are always on your device, further adding to its high security.

AWC token

Atomic wallet offers a utility token referred to as the AWC token. This token is used for marketing and to trade on Binance DEX. It is also a good alternative to use as a base cryptocurrency when performing atomic swaps.

NFT collection

The atomic wallet has an NFT collection where you can check your NFT portfolio even if you are not online.

Mind you, the NFTs supported by the Atomic wallet are those built off of the Solana, Ethereum, and Binance Smart Chain networks.

Pros and Cons

Pros

• The atomic wallet has a simple and straightforward, easy-to-use interface
• It supports over 300 coins and tokens
• It has 24/7 live support
• It is largely anonymous without the need for KYC
• It is compatible with desktop and smartphone devices

Cons

• It does not support any hardware wallet
• Cryptocurrencies available for purchase in the wallet are limited
• It is not open source

Math Wallet

Math Wallet is a multichain wallet that supports Solana and over 139 popular public chains, giving you the ability to switch between these chains. This wallet is an extension that is suitable for both mobile and desktop devices.

In addition, you have the option to explore and access many decentralized exchanges, connect to Solana decentralized applications and even use the desktop wallet extension with the Ledger hardware wallet.

The browsers that are suitable for the Math wallet extension include chrome browser, brave browser, edge browser, and other browsers.

Features of the Math Wallet

Math Dapp Store

The Math wallet has a Math Dapp Store where you can satisfy all your decentralized app needs and the entry for all dapp users.

Math Token

The Math Token is the official token of the Math wallet and is used to redeem all Math products.

MathGas

MathGas is an app that allows you to track real-time gas prices and can be downloaded on both Android and iOS devices.

Math Vault

On Math Vault, you have the chance to stake your crypto and get up to 30% annual percentage revenue.

This 30% APR can be obtained within a day, as you do not need to lock away your assets for certain periods of time simply because you want to earn high-interest rates.

Also, with Math Vault come varieties simply because it supports diverse tokens, has a high and competitive APR, and keeps adding new tokens.

Pros and Cons

Pros

• It has a friendly design
• It supports the use of Web 3.
• Supports a large variety of EVM blockchains
• It allows you to make a backup when creating a new wallet
• Has a browser extension

Cons

• It has a poor customer support system
• It has slow loading times for certain features

Solong Wallet

The Solong wallet is one of the easiest wallets to use to store your Solana. It is simply a web extension that works well with browsers such as Edge and Google Chrome.

This wallet, though simplistic in nature, may not have all the features you need in a Solana wallet.

Nonetheless, it is a good wallet for new crypto investors who are getting to know the Solana cryptocurrency and want to discover the benefits of an efficient blockchain.

Features of the Solong Wallet

Multiple browser integration

The Solong wallet is a web browser extension that supports multiple browsers and allows the user to connect with Dapps from the Solana cryptocurrency.

Tokens

With the Solong wallet, you can mint tokens and add SPL tokens.

Multiple accounts

Solong Wallet allows you to have multiple accounts, which is a good option for investors looking for more benefits.

Pros and Cons

Pros

• It is easy to use
• It supports multiple browsers

Cons

• It has limited functionality

D’CENT Wallet

The D’CENT wallet is the easiest and safest hardware wallet for storing Solana and other cryptocurrencies.

For starters, it has enhanced crypto protection built on the highest security standards, and it has three wallets: a biometric wallet, a card type wallet, and a software wallet, all of which can be managed from a single mobile app.

This wallet has top-notch security with the availability of a multi-IC architecture, which provides the strongest protection for privacy and private keys.

Also, the D’CENT wallet has a built-in fingerprint scanner that serves as biometric authentication to add convenience and enhanced security for access control and fast transaction signing.

Moving on, you can easily manage your crypto portfolio by the amount and price at a glance, send and receive cryptocurrency, easily check the history of your deposits and remittances, and also view your full transaction details.

Setting up the D’CENT wallet is very seamless. All you have to do is start by turning on the hardware device for two seconds before proceeding to choose your preferred choice of language.

After that, you will need to select the “create wallet” option and choose a four-digit pin, after which you will be provided with a 24-word recovery seed phrase, which you should keep safe and use when you need to recover your wallet.

Finally, you will be required to enter two words from your recovery phrase to verify that it has been recorded correctly. Once this is done, the wallet is now ready to use.

Features of the D’CENT Wallet

Secure cold storage

The D’CENT wallet securely stores all your cryptocurrencies, Solana-based NFTs and valuable game assets.

Large OLED display

The  D’CENT wallet has a 128x128 pixel display that allows a comprehensive view of your full transaction details and accounts.

Multiple cryptocurrency supports

This wallet supports over 1200 cryptocurrencies which include Bitcoin, Bitcoin Cash, Litecoin, XRP, Ethereum, ERC20, DigiByte, Binance, Klatyn and many more.

It is also continuously adding new cryptocurrencies so you can be sure to get new cryptocurrencies at the nearest possible time.

Backup and restoration

In the event of lost, stolen, or wiped-to-factory setting, The D’CENT wallet’s recovery process is optimized for easy and fast recovery.

Secure private key management

Unlike other products on the market, the D’CENT wallet supports secure private key generation from the device without connecting to an additional software program.

Pros and Cons

Pros

• It is Bluetooth and USB-enabled
• It has a built-in biometric scanner
• It has multiple buttons for easy navigation
• It is highly secured and certified with EAL5+
• It has support for PIN and fingerprint authentication
• Supports multiple wallets
• It comes with a 585mA durable battery

Cons

• It is not open source
• It does not have a durable body design
• It is a bit expensive

Guarda Wallet

Guarda wallet is a wallet that was tailored specifically for Solana, as it allows you to stake, exchange, earn, and buy Solana and other crypto assets as you deem fit.

The Guarda wallet has a native token, referred to as the Guarda token, that you can get as a reward for staking. This token can then be used to manage your accounts and even purchase checks in order to check addresses for illegal activities.

Moving on, the Guard wallet is also quite versatile, having a desktop wallet, a mobile wallet, and even a web wallet. It even comes as a chrome extension for investors who choose to have this option.

In terms of added security, the Guarda wallet integrates with the Ledger hardware wallet to protect your private keys responsible for your crypto holdings.

Why Ledger you might ask? Well, the Guarda wallet considers Ledger a worthy integration option for the following reasons:

Enhanced security

Ledger is a line of highly secure hardware wallets that encrypt the private keys to all of your assets. This ensures that nobody except you will ever gain access to your private keys.

Authorized by you

The activation of Ledger is done directly on the device. Transactions cannot be sent by mistake or fraudulently, without your confirmation on a device.

Easy to use

You can manage multiple assets on the ultimate security hardware cryptocurrency wallet, with a great addition to Guarda’s user-friendly interface.

Dual-chip setup

Guarda uses encrypted backup for extra security, while Ledger's security system uses a dual-chip setup. The first chip contains your confidential data and the other one acts as a bridge between your PC and the Secure Element.

Features of the Guarda wallet

Multi-platform cryptocurrency wallet

Guarda wallet is supported on both desktop and mobile platforms. This makes it highly flexible for day-to-day usage in your comfort.

Supported cryptocurrencies

The Guarda wallet supports over 400,000 cryptocurrencies and over 40 blockchains. This means that, apart from Solana, there is a good chance that you can store any other cryptocurrency of your choice in the wallet.

Ledger wallet integration

Guarda wallet has integrated with the Ledger wallet to provide added security and interestingly, this support works well on major platforms such as Chrome and firefox.

Finally, this integration allows you to leverage the excellent interface of the Guarda wallet and the exciting features of the Ledger wallet.

Pros and Cons

Pros

Compatible with desktop, web, browser, and mobile

Easy to use

Features: built-in exchange

Accepts credit card purchases

Multi-currency support

Good reputation

Does not hold private keys

Cons

High purchase fees

What is a Solana Wallet?

A Solana wallet is a digital wallet that allows you to safely secure and store your Solana tokens, in addition to sending and receiving them.

When we talk about Solana wallets, it is important to take note that there are different types of crypto wallets namely online wallets, software wallets and hardware wallets.

Generally, hardware wallets are the most secure type of wallets among these three but it is entirely up to you to decide which is best for you based on your needs and preferences.

Things to look out for in a Solana Wallet

If you want to get a Solana wallet, there are numerous factors you would need to consider, which are explained below:

Security and privacy

Security and privacy are two important concepts that are highly important in any wallet.

For this reason, you need to know the type of security that a particular Solana wallet has and the efforts that have been put in place to safely secure your crypto asset.

Ease of use

Every Solana wallet should have an easy-to-use interface, so if you are not getting the hang of that Solana wallet, it is best to switch it for another Solana wallet that offers you an easy-to-use interface with simple navigation.

Fees

It is important to note that not all Solana wallets are free. For this reason, it is best you compare different wallets based on your needs and go for the one that is affordable based on your standards.

Multichain support

If you don’t want your wallet transactions to experience high congestion and longer wait times, you would do well to ensure that your Solana wallet supports multiple network options.

Conclusion

This article has provided you with a list of top-notch Solana wallets that you can use to safely store and secure your Solana asset.

If you happen to be an experienced crypto investor or a crypto newbie, you can take your time to compare these wallets to know which works for you based on their features and your needs as well.