The Best Solana Wallets for 2024

The Trezor One and Trezor Safe are the flagship models, with the Trezor Safe featuring a touchscreen. Trezor wallets operate as cold storage, keeping private keys offline and safe from online threats. They are supported by Trezor Suite, a platform for managing, buying, selling, and swapping crypto. The safest approach is to purchase a hardware wallet like Ledger to generate and securely store your private keys offline, then connect it to the software wallet as needed. Established in 2018, SafePal is Binance Labs’ first how to buy huobi token hardware wallet investment.

The Ledger app makes generating the seed phrase simple, and even forces you to double-check and verify it. This is the most important part of your Nano X. Do not lose that phrase. If you’re holding significant amounts of money on your Nano X, I highly recommend putting a copy of this seed phrase in a safe deposit box or similar secure location.

Phantom Wallet

Then press both buttons, and start to write down each word, in order and spelled correctly. Once you write down the final word, scroll back through your words to check for spelling and word order one last time. When you’ve checked them all, scroll right until the device shows “Confirm your recovery phrase”, and press both buttons.

On-the-go experience

WIRED has some firsthand experience with the pain of losing crypto keys. But fortunately, you can avoid making the mistakes bitcoin for beginners WIRED made. Provided you hang on to your 24-word seed phrase, you can lose your hardware and still regain access to your crypto. Once you have the public key, you can simply go to whatever exchange you’ve been using to buy your crypto and then send it to the address you generated in Ledger Live. The first time you do this, send a very, very small amount of crypto.

• This setup exposes private keys to potential attack vectors, as MCUs make it easier for hackers to access and extract sensitive information.
• Take one last look around, to make sure nobody is reading over your shoulder, then click “OK, I’m ready!
• Scroll right, then press both buttons to access the dashboard.
• With added features like token swapping and built-in staking rewards, it’s an all-in-one solution for those diving into the Solana ecosystem.
• The Nano S Plus is Ledger’s entry-level hardware wallet that offers robust security for managing Solana (SOL) and other digital assets.

Nano X – How to start using your device

Currently, Ledger Live doesn’t support viewing Solana SPL tokens directly. However, you can securely manage tokens like USDC, Tether, BONK, and more by connecting your Ledger device to compatible third-party wallets, such as Solflare, Phantom, or Backpack. First, ensure your Ledger device has the latest Solana app installed, then connect it to Solflare by accessing the wallet, selecting your Ledger device, and configuring the derivation path. To send SPL tokens, enable “Allow blind signing” in your Ledger’s Solana app settings, then review and approve transactions directly on your device.

Ease of use encompasses the interface, setup process, and daily usability. Trust Wallet and Atomic Wallet provide easy setup processes, allowing users to quickly create a new wallet or import an existing one using a seed phrase. Features like nexus 7 pwn pad kali linux nethunter wifi hack security penetration tablet kit in-app exchanges and staking options further enhance usability, making managing and growing your Solana holdings convenient. Non-custodial software wallets like Phantom and Solflare give users sole control over their private keys, ensuring no third party can access your funds.

Like all Ledger devices, Ledger Flex employs the Secure Element chip, which keeps your private keys isolated and safe from potential threats. Ledger Nano X is a pocket-size hardware wallet that seamlessly connects with your smartphone or computer. Through the Ledger Live app and our partners, you can securely buy, exchange and grow your crypto. To add to this experience, the Ledger Live app offers a straightforward interface for easily managing your Solana assets. Exodus Wallet is a multi-currency wallet with an intuitive interface supporting Solana (SOL), SPL tokens, NFTs, and various DeFi features, including SOL staking and token swaps.

Review: Ledger Nano X Crypto Wallet

Once your Nano is set up, it’s time to move your cryptocurrency out of any exchange accounts you’ve been using. To do this, you’ll use the Ledger Live app to set up an “account” for each currency you own. Assuming everything checks out, the next step is to generate a 24-word “seed” phrase, which is really just some random words. This is what the Nano X uses to protect and lock up your cryptocurrency private keys.

Ledger Live’s seamless integration with Phantom also allows you to navigate the Solana ecosystem, and simplifies the management of SOL NFTs through its direct connection with Magic Eden. The Trezor wallet, developed by Satoshi Labs, is a hardware wallet for managing cryptocurrency assets. Launched in 2014, the hardware wallet supports Solana, Bitcoin, Ethereum, and over 1,200 cryptocurrencies. Some hardware wallets also use a seedless backup approach.

Powered by the industry-leading Secure Element chip and Ledger OS™, experience seamless security on the world’s first-ever secure touchscreen. If you buy crypto through an exchange or brokerage, like Coinbase or Kraken, it stores your private keys for you. A crypto brokerage is conceptually similar to a bank, but with some very important differences—most notably that your crypto brokerage is not insured by the federal government. However, because Snaps are third-party additions, their functionality may vary, adding complexity for those new to cross-chain wallets. MetaMask (Snap) is ideal for users already comfortable with MetaMask who want to try Solana but may lack some native Solana wallet features. While it does not offer Bluetooth connectivity or iOS compatibility, it remains a highly secure and affordable option for users who prioritize safety.

Security features include password/PIN protection and a backup passphrase, but it lacks multi-signature support and two-factor authentication. Staking yields range from 5% to 22%, appealing to users interested in growing their crypto assets while maintaining control. Still, for any hot wallet, the safest approach is using it alongside a hardware wallet like Ledger, allowing users to explore Solana’s ecosystem confidently with self-custody of their digital assets. With Ledger Live, you can access the full Solana ecosystem directly from the crypto wallet app while ensuring that your private keys remain offline and secure within Ledger hardware. A friendly app and airtight hardware security means peace of mind when exploring Solana’s dApps, and DeFi platforms safely.

If you need to use a software wallet – perhaps to access certain decentralized applications (dApps) – your best option is still to use a hardware wallet like Ledger. This way, your private keys are generated and stored offline, and you can connect your hardware wallet to the software wallet when needed. If the exchange is hacked and your private key is stolen, you are out of luck (and money). Exchanges also sometimes disappear overnight, whether they declare bankruptcy or the founders decide to skip town with everyone’s digital currency. The simple truth is that if you don’t have your private key stored on a hardware device that’s under your control, you don’t really own any crypto. For a software wallet like Phantom, start by downloading the wallet extension or app.