Best Solana Wallet May 2024 (Expert Verified)

Zac McClure
ByZac McClure, MBAReviewed byAlex MilesUpdated on May 15, 2024 · minute read
VerifiedExpert verified

TokenTax content follows strict guidelines for editorial accuracy and integrity. We do not accept money from third party sites, so we can give you the most unbiased and accurate information possible.

  • Our expert picks of the best Solana wallet available today include Exodus, Phantom, and Solflare. Each of these wallets is a credible and reliable way to engage with the Solana network.

We we've found the best Solana wallet for you, including top picks like Exodus, Phantom, and Solflare. Whether you're a pro crypto user looking for advanced trading features, looking for a wallet that balances low fees with advanced features, or new to cryptocurrency and needing a user-friendly starting point, our recommendations will help guide you to the best Solana wallet for your needs.

Always conduct your own research and understand the risks involved before investing in crypto.



Best Solana wallet for beginners



Best Solana wallet to begin staking



Best Solana wallet for multiple platforms

Best Solana wallet of 2024

Here are our crypto tax professionals’ picks of the best Solana wallets available to crypto users today, with reviews and reasons why we like each.

Atomic Wallet

Best wallet for Solana rewards

Earning crypto rewards through staking is easy with Atomic Wallet. Offering APYs ranging up to 20% and beyond, it provides an opportunity for investors to grow their assets while enjoying the simplicity of its user interface.

-  Pros & Cons


  • User-friendly interface

  • Staking opportunities for various crypto assets

  • Compatible with both desktop and mobile devices

  • Strong security measures

  • Supports a wide range of cryptocurrencies


  • Not compatible with hardware wallets

-  Why our experts picked it

Atomic Wallet simplifies and enhances the staking process with its cashback program, offering an appealing way to earn rewards. With hundreds of supported cryptocurrencies and a straightforward user interface, it's a top choice for both novice and experienced investors.


Best Solana wallet for beginners

If you're new to the world of Solana, Exodus can be a helpful resource. Its user-friendly interface and support for various digital assets, including Solana, make it a top choice for beginners to crypto.

-  Pros & Cons


  • Intuitive user interface

  • Diverse selection of supported crypto assets

  • Integration with exchanges and DeFi platforms


  • Limited fee customization for some coins

-  Why our experts picked it

Exodus provides new and experienced investors with a simple and versatile platform for managing their crypto assets. With support for hundreds of digital assets and the option to link with exchanges and DeFi platforms, it's perfect for beginners making their first foray into the crypto world.


Best wallet for Solana secure storage

When it comes to securing your Solana assets, Ledger Wallet stands out as an industry-standard, fully non-custodial cold wallet. Whether you opt for the Ledger Nano X as your primary wallet or use Ledger to fortify the security of your hot wallet, you're making a wise choice.

-  Pros & Cons


  • Industry-standard for security

  • Fully non-custodial cold wallet

  • Ledger Nano X offers an entry-friendly pricing

  • Comes with the user-friendly Ledger Live app

  • Enhanced security with a 24-word seed phrase and a regular password

  • Access to a list of Solana validators for staking


  • Comes with a price tag, unlike some free alternatives

  • However, the capabilities and security provided justify the cost

-  Why our experts picked it

Ledger Wallet stands as a beacon of security in the cryptocurrency world. With a Ledger Nano X, you get a beginner-friendly cold wallet that packs a punch. The Ledger Live app that accompanies it is user-friendly, simplifying the management of your assets. Security is top priority, with a 24-word seed phrase and a regular password providing robust protection.


Best wallet for Solana dApps

For developers and investors seeking a wallet that empowers them to explore and create decentralized applications, MathWallet is a top choice. With support for a wide range of digital assets and robust dApp connectivity, it's a central hub for simplifying game development, exchanges, and other dApps.

-  Pros & Cons


  • Multi-platform wallet

  • Offers dApp development tools

  • Earning potential through staking

  • Customizable fee structure


  • Card payments not supported

  • Limited 24/7 customer support

-  Why our experts picked it

MathWallet's exceptional support for various digital assets and versatile dApp development tools make it the go-to choice for those in the crypto space. While it boasts an impressive array of features, the wallet's customizable fee structure and earning potential through staking set it apart, making it one of the best Solana wallets for dApps.


Best Solana wallet to begin staking

Staking Solana tokens for passive income doesn't need to be complicated. Phantom streamlines the process into three easy steps, making it the ideal choice for those new to crypto investments.

-  Pros & Cons


  • Hassle-free handling of NFTs

  • Simplified staking process

  • Lightning-fast token swaps

  • Low transaction fees

  • Prioritizes privacy and anonymity


  • Limited fee customization options

  • Limited live customer support

-  Why our experts picked it

Phantom's straightforward approach to staking and its support for NFTs make it easy for everyone to participate in the Solana ecosystem. While it may have limited customization and customer support, its simplicity is a significant advantage.


Best Solana wallet for multiple platforms

For those who value the flexibility of managing their crypto portfolio across multiple platforms, Solflare is the solution. Accessible via web and mobile applications, it allows you to stay in control no matter where you are.

-  Pros & Cons


  • 24/7 live customer support

  • Multi-platform accessibility

  • Hardware wallet support

  • Abundant educational resources


  • Supports only the Solana blockchain

  • Limited selection of supported crypto assets

-  Why our experts picked it

Solflare's multi-platform support and commitment to security, demonstrated by its hardware wallet integration and anti-phishing technology, make it the preferred choice for those who demand versatility. The addition of educational resources and 24/7 customer support is an added bonus, catering to users at all levels.

What is the safest Solana wallet?

The safest Solana wallet, in terms of security and protecting your assets, is typically a non-custodial hardware wallet such as Ledger Nano X. Hardware wallets provide robust encryption and non-custodial control, and they give you full control over your private keys.

To maximize security, avoid sharing your login details, recovery phrases, or private keys with anyone. Hardware wallets are considered one of the most secure options for storing cryptocurrency assets.

How to choose the best Solana wallet

Selecting the best Solana wallet requires considering factors that include security and the ability to stake your crypto. Here are some key aspects to look for when choosing a Solana wallet.

Things to look for in a Solana wallet

  • User-Friendliness: A good Solana wallet should offer an intuitive user interface for easy navigation.

  • DApps Connectivity: Ensure the wallet supports decentralized applications, enabling you to explore the vast world of DeFi.

  • Staking Capabilities: Look for native staking features that allow you to earn rewards by locking up your SOL tokens.

  • Regular Updates: Choose a wallet that receives regular updates to maintain optimal functionality.

  • Security: Security should be a non-negotiable feature, including encryption, non-custodial control, and robust authentication methods.

How do crypto Solana wallets work?

Solana wallets function as secure digital storage for your SOL tokens. Both custodial and non-custodial wallets allow you to send, receive, and manage your assets.

Non-custodial wallets offer an added layer of security by giving you full control over your private keys, which are used to access and manage your funds.

The Solana network and Metamask

Adding Solana to MetaMask requires a workaround due to the platform's native focus on Ethereum-based tokens. Direct integration isn't feasible since Solana operates on a different blockchain architecture.

Native support for Solana in MetaMask remains unlikely in the near term due to the distinct technologies underlying both platforms. MetaMask is optimized for Ethereum's architecture and programming language, while Solana operates on a different technological framework.

Despite this, advancements in cross-chain interoperability and blockchain bridging technologies may facilitate easier integration in the future. Until then, users can utilize specialized Solana wallets like Phantom, Exodus, or Solflare for optimal performance and compatibility with the Solana network.

However, users can still manage Solana indirectly through MetaMask using wrapped tokens, such as wSOL. By wrapping SOL tokens to make them compatible with Ethereum-compatible blockchains like the Binance Smart Chain (BSC), users can import wSOL into MetaMask.

This process involves configuring BSC as the active network in MetaMask and importing the contract address for wSOL. While not a direct solution, this approach allows users to interact with their Solana holdings using the familiar MetaMask interface. Learn more about how to add Solana to MetaMask.

Hardware Wallet vs. Software Wallet: Which should I opt for on Solana?

Unsure about whether to go for a hardware or software wallet for Solana? Let's explore the advantages and disadvantages of both options.

Why Consider a Hardware Wallet? Hardware wallets are often regarded as the pinnacle for secure, long-term storage. However, they can be pricier compared to software wallets and might not be as convenient for swift access to your funds.

Why Consider a Software Wallet? Software wallets are handy for day-to-day transactions and are generally free to use. Nevertheless, they are more susceptible to online threats such as phishing attacks, malware, and viruses.

An alternative approach is to integrate your hardware wallet with a software wallet like Phantom. By opting for this solution, your private keys remain securely stored with the hardware wallet, while the software wallet serves as a visual interface.

Why do you need a Solana wallet

A Solana wallet is essential for anyone looking to hold, transact, and interact with SOL tokens. It provides a secure and convenient way to store your assets and participate in various activities within the Solana ecosystem, including staking, trading, and engaging with decentralized applications.

Schedule a FREE crypto tax consultation

Best Solana wallet FAQs

Here, we address some common questions about the best Solana wallets and which wallet is best for Solana.

What is Solana?

Solana is a decentralized blockchain designed to tackle the blockchain trilemma by enhancing scalability, security, and user-friendliness. It operates through the native token, SOL, which governs activities within the Solana ecosystem.

What's the best Solana wallet app?

The best Solana wallet app depends on your specific needs and preferences. Our top picks reviewed in this article cater to different requirements, making them all excellent choices. Beginners should look at Exodus, and every crypto user should consider a hardware wallet like Ledger for maximum security.

What's a Solana wallet adapter?

A Solana wallet adapter is a tool or interface that enables compatibility between your Solana wallet and different applications or services within the Solana ecosystem. It facilitates seamless interactions and operations.

Which is better: Phantom or Solflare?

Phantom and Solflare are both reputable Solana wallets, but which wallet is best for Solana? The answer between them depends on your priorities. Phantom is known for its ease of staking and user-friendly interface, while Solflare excels in multi-platform use and provides educational resources.

Does Solana have an official wallet?

Solana does not have an official wallet, but it supports various third-party wallets, including those we've recommended in our top picks.

What is the official wallet for Solana?

As noted above, Solana does not have an official wallet. Instead, it supports a variety of third-party wallets, each offering different features to cater to diverse user needs.

In our top picks for the best Solana wallet, we've highlighted options such as Atomic Wallet, Exodus, Ledger, MathWallet, Phantom, and Solflare to provide a range of options based on your preferences and priorities. Choose a Solana wallet that aligns with your specific requirements for security, user-friendliness, and functionality.

To stay up to date on the latest, follow TokenTax on Twitter @tokentax.

TokenTax reviews take an unbiased approach to our recommendations. When you use our links to buy products, we may earn a commission but that in no way affects our editorial independence.

Zac McClure
Zac McClureCo-Founder & CEO at TokenTax
Zac co-founded TokenTax after his career in international finance and accounting at JPMorgan, Imprint Capital and Bain. He has worked in more than half-dozen countries and received his MBA from the UPenn Wharton School.
Alex Miles
Reviewed byAlex MilesCo-Founder at TokenTax
Prior to TokenTax, Alex worked as a Product Designer at Dropbox and before that Readmill (acquired by Dropbox). He holds a BS in Digital Information Design - Interactive Media from Winthrop University.

Get a personalized crypto tax consultation.

Complete our questionaire and we'll evaluate your situation — for free.

Let’s get started.

Check out our plans and pricing to find out which solution best meets your needs.

Review plans