Mad Lads, Saga, airdrops… Solana has dominated the headlines over the past few months.
If you’ve been wondering what all the hype is about, and want to get started, you’ve come to the right place. In this guide, we’ll take a look at the top Solana wallets to help you find the right one and kick off your Solana journey.
Phantom
Since launch, more than three million people have chosen Phantom (that’s us!) as their dedicated wallet, making it one of the most proven and popular wallets in crypto.
Some of our most popular features include multi-chain capabilities, Cross-Chain Swapper, NFT experiences, and security measures.
Multi-chain capabilities
Although our wallet originated on Solana, we also support the Bitcoin, Ethereum, and Polygon blockchains as well. This means you can experience Solana, Bitcoin, Ethereum, and Polygon hassle-free through one single interface—your Phantom wallet.
Cross-Chain Swapper
Assets such as tokens and NFTs are exclusive to the blockchain they were created on. For example, Ether (ETH) or Bored Ape Yacht Club (BAYC) NFTs are native to the Ethereum blockchain, while SOL and Claynosaurz NFTs are Solana-specific assets. Other assets such as stablecoins—USDC or USDT—are available on multiple blockchains, however, USDC on Ethereum uses different tech than USDC on Solana.
But what if you’d like to use the USDC you have on Ethereum to trade coins, tokens, and NFTs on Solana? That’s where our Cross-Chain Swapper comes into play. Cross-Chain Swapper allows you to convert tokens from one chain to another fast and with low fees.
NFT experiences
An unrivaled user experience is at the core of everything we do. For NFTs, we offer two unique features: Shortcuts and Quests.
You can think of Shortcuts as the “Linktree of NFTs.” In one click, you can access a menu with all the top links and actions for your NFTs. Supported collection include Azuki, Claynosaurz, Degenerate Ape Academy, Famous Fox Federation, Okay Bears, Tensorians, The Heist, y00ts, and others (with more coming soon).
As for Quests, it’s a fun way to earn rewards for completing tasks. What kind of tasks? Sign up for apps, try out new features, and complete other fun web3-related actions.
Current Quests include: DRiP and Camera Mint. With Camera Mint on Phantom Mobile, you can turn photos and videos into Solana NFTs, stored on the blockchain forever. For more on this, make sure to browse through our Camera Mint article.
Security measures
One of the founding pillars of crypto is self custody, the notion that you, the user, should maintain total control of your assets at all times. In order to uphold this vision, we’re committed to all things security. Some of our security features include:
- Scam detections for malicious transactions
- Open-source blocklist to avoid phishing sites
- Non-tracking of personally identifiable information
- Code audit by Kudelski Security, a top software auditing firm trusted by technology companies worldwide
- Bug bounty program for white-hat hackers.
Although we’ve been the leading wallet on Solana since launch, there are some other solid options as well, such as Backpack, Solflare, and Espresso Cash.
Backpack
- Multi-chain support: Backpack is available for Solana and Ethereum.
- Backpack Exchange: The Backpack wallet is the most compatible wallet for the Backpack exchange, as both are built by the same team.
- NFT collection locking: As soon as this feature is activated, transaction signature requests for selected NFT collections in users' Backpack wallets are automatically rejected—thwarting wallet drains and keeping assets safe at all times.
- xNFTs: On Solana, NFTs can be upgraded to xNFTs. xNFTs are basically applications that allow for rich and immersive token-gated experiences. Two of these experiences have already been demonstrated: in-wallet games and in-wallet videos.
Solflare
- Provenance: Solflare was the first-ever Solana wallet.
- Staking: The Solflare team runs one of the largest Solana validators, which allows you to stake your SOL to earn rewards.
- MetaMask Snaps: Solflare partnered with MetaMask on a white label service that allows MetaMask users to interact with Solana dapps from their Ethereum wallet.
Espresso Cash
- FX: Espresso Cash has a strong focus on cross-border currency exchanges.
- Payments: In order to increase convenience, Espresso Cash allows users to simply share a secure link or QR code on any social platform to transfer funds instantly.
- Open source: Espresso Cash’s software is open and accessible to the public.
Now that we’ve covered the most popular crypto wallets on Solana, let’s take a look at the top Ethereum wallets.
For more general information, make sure to read our Best Crypto Wallets guide as well!
How to set up a Phantom wallet?
If you’d like a friendly multichain wallet for crypto, DeFi, and NFTs, try us out. We offer browser extensions for Firefox, Chrome, Brave, and Edge, as well as apps for iOS and Android.
First, download Phantom. Then, create a new wallet.
If you’d like to fund your Phantom wallet, you can do so via the “Buy” button on your asset tab. We offer various funding options, such as MoonPay, PayPal, and Robinhood to make it easy for you to fund your wallet.
Once you do that, you're ready to go.
How to bridge tokens to Solana with Phantom?
If this is your first time using Solana, you might have most of your assets on other blockchains, such as Ethereum and Polygon. With our Cross-Chain Swapper, you can bridge tokens across Solana, Ethereum, and Polygon right in your Phantom wallet. Here’s how:
Disclaimer: This guide is strictly for educational purposes only and doesn’t constitute financial or legal advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
