The top Solana hardware and software wallets for HODLing, staking and trading SOL and Solana coins.
Since launching in 2020, Solana (SOL) has quickly established itself as one of the most popular cryptocurrency platforms due to its low fees and quick transactions.
It is one of the largest cryptocurrencies by market capitalisation (second only to Ethereum amongst smart contract platforms) and has become the unofficial home of meme coins.
To help you better manage your SOL and navigate the Solana ecosystem, we’ve researched dozens of wallets to find those that are best for Solana.
This includes the best Solana software and hardware wallet, the best for beginners and the best value wallet.
There are two main types of Solana wallet – software wallets (also known as hot wallets) and hardware wallets (also known as cold wallets).
The main advantage of a software wallet is that it can be installed on your mobile, desktop or browser extension and lets you interact directly with other crypto programs, like decentralised exchanges and staking platforms.
Phantom, Solflare and Coinbase Wallet are examples of Solana software wallets.
However, what software wallets offer in convenience they may lack in security compared to a hardware wallet.
Hardware wallets are physical devices that store the keys to your cryptocurrency offline, making it much less susceptible to hacks or other security risks.
Ledger and Trezor are the two leading hardware wallet providers.
Many crypto enthusiasts use a combination of software and hardware wallets to use and store their coins.
