Best Solana Wallets: Hardware, Browser & Multisig (2024)

Best Solana Wallets in 2024

Solana wallets give users direct control over their SOL and SPL tokens by enabling self-custody of private keys, offering more autonomy than centralized exchanges.

However, managing private keys requires a solid grasp of crypto security, making user-friendly interfaces essential for secure and easy handling.

This guide covers the top 5 Solana wallets, each designed to meet specific needs, whether you’re focused on trading, staking, or long-term storage.

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1. Phantom Wallet

Phantom is the best Solana wallet, with over seven million users. It includes a unique NFT management system with customizable shortcuts for easy access to collections and a rewards-based "Quests" feature for an even better experience for NFT collectors.

Supporting Solana, Ethereum, and Bitcoin, it simplifies the management of multiple assets. The Cross-Chain Swapper allows for quick and cost-effective token conversions between blockchains.

Additionally, strong security features, such as scam detection and an open-source blocklist, ensure the protection of user assets. It is a top choice for users who are trading new meme coins listings on Pump.fun daily.

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2. Ledger Nano S Plus

The Ledger Nano S Plus is a hardware wallet designed to securely store cryptocurrencies like Solana and manage NFTs. Priced at $79, it features a larger screen and increased memory capacity, allowing users to manage multiple applications simultaneously.

This wallet stores private keys offline, protecting them from online threats, and integrates with the Ledger Live app for easy asset and NFT management on both mobile and desktop devices. Users can buy, send, receive, swap, stake Solana, and track their NFTs securely.

Additionally, users can connect their existing software wallets like Phantom or Solflare to access their Ledger's assets in case they need to.

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3. Solflare

Solflare is the Solana wallet, enabling users to manage SOL tokens and interact with decentralized applications. It allows staking through one of the largest validators operated by the Solflare team, enabling users to earn rewards.

The wallet integrates with MetaMask Snaps, providing access to Solana dApps from MetaMask. Additionally, Solflare offers strong NFT management for easy storage and trading of non-fungible tokens.

With its user-friendly design and robust security, Solflare is a top choice for navigating the Solana blockchain and is currently trusted by over 2 million active monthly users.

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4. Exodus

Exodus is a user-friendly, non-custodial wallet that supports a wide range of cryptocurrencies, including Solana. The wallet features a sleek design and simplistic interface, making it easy for both beginners and experienced users to manage their assets.

Exodus allows users to exchange tokens directly within the app, enabling smooth trading without needing to go through an exchange. It also provides robust security features, such as private key control and biometric authentication, to protect user funds.

Additionally, Exodus supports integration with hardware wallets like Trezor, increasing security for long-term storage, without the need for signup or registration.

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5. Glow

Glow is a Solana wallet available as a mobile app and browser extension, noted for its ease of use on iOS devices. It includes features beneficial for NFT holders, such as iCloud backup and the ability to list NFTs directly on Magic Eden from within the wallet.

This focus on accessibility and integration makes Glow a practical choice for users interested in NFT management and Solana interactions. Beyond iOS, Glow also introduced their app for Android users as well in 2022 but it still has only 50,000 downloads there.

Glow also offers streamlined access to Solana-native decentralized applications, allowing users to engage easily with the Solana network’s growing dApp offerings.

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What is the Safest Solana Wallet?

The safest strategy for managing Solana assets involves using three types of wallets: a hardware wallet for cold storage like Ledger Nano S Plus, a software wallet for interacting with trusted dApps, and a burner wallet for connecting to untrustworthy sites.

This three-way system balances ease of use and security, protecting users from hacks and wallet drainers. The hardware wallet securely stores assets offline, while the software wallet facilitates transactions with dApps, making it ideal for daily use.

Finally, the burner wallet limits exposure to risks by allowing users to connect to potentially malicious applications without compromising their main funds.

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Why is Solana not Supported on EVM Wallets?

Solana, an alternative Layer 1 blockchain, is not supported on EVM (Ethereum Virtual Machine) wallets because it operates on a distinct architecture that does not use the Ethereum protocol.

EVM-compatible wallets are designed specifically for Ethereum and its compatible networks, allowing them to execute smart contracts written in Solidity.

In contrast, Solana utilizes a different programming language called Rust and employs a unique consensus mechanism, Proof of History, which enables high throughput and low transaction costs.

This fundamental difference in architecture and technology means that EVM wallets cannot natively support Solana and its associated tokens.

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Best Multisig Wallet for Solana

A multisig (multi-signature) wallet requires multiple private keys to authorize a transaction, distributing control among several parties. In Solana, Squads is a leading multisig protocol that enables teams to manage and secure digital assets on-chain.

Squads offers features like time locks, spending limits, roles, sub-accounts, fee relayers, and multiple-party payments, making it a comprehensive solution for collaborative asset management.

As of late-2024, Squads has secured over $10 billion in assets and serves more than 250 clients, including top Solana projects like Jupiter, Jito, Tensor, Drift, Zeta, Backpack, and Kamino.

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Bottom Line

To make the most of Solana in 2024 and beyond, selecting the right wallet is key for both convenience and security, especially with the ongoing meme coins craze.

Among the countless available options, Phantom and Solflare remain the most popular hot wallets, while Ledger Nano S plus is the best for private stashing.

Whether you need a versatile software wallet, a reliable hardware wallet for cold storage, or a burner wallet for added protection, these top picks cover all essential functions.