If you’re getting involved in the crypto market, a cryptocurrency wallet is one of the most important choices you can make. This guide provides a thorough overview of the most secure wallet options on the market.

Most Secure Crypto Wallet Apps

• Bitget Wallet — comprehensive security solution

• Metamask — the most popular non-custodial wallet

• Phantom — non-custodial wallet offering benefits from Solana’s extremely low fees

• SafePal — versatile staking capabilities

1. Bitget Wallet

Launched in 2018, Bitget Wallet supports over 100 blockchains while offering a secure and convenient trading experience for its 20 million users. It has also secured a strong global presence, being available in more than 168 countries and regions across North America, Europe, and Asia. 

As Asia’s leading decentralized wallet, Bitget Wallet houses an impressive product suite within its app, comprising of a powerful swap feature that aggregates liquidity from hundreds of DEXs, an extensive DApp browser with over 20,000 different DApps, Staking platform, Inscribing marketplace, airdrop interaction tools, and many more. Whether you are a seasoned Web3 veteran or a newcomer into the space, you can be sure that Bitget Wallet has everything you will need to explore the best that Web3 has to offer. 

In 2022, Bitget Wallet completed a $15 million Series A funding round led by Dragonfly Capital at a $100 million valuation. Bitget Wallet then received a $30 million investment from Bitget Exchange, increasing its valuation to $300 million.

In terms of security, Bitget Wallet utilizes a unique 360° protection method that offers private key security, a $300 million user protection fund, transaction protection, and even crash courses for users to learn about personal security while transacting. It’s available for iOS and Android devices and as a Chrome extension.

Main Functionality

• Non-custodial wallet – user owns their keys

• In-wallet ETH/USDT staking

• Fast token swapping

• NFT market

• Built-in DApp Browser

• DApp Launchpad

• Comprehensive market trend displays 

• Airdrop interaction tools 

Security Overview

• Thorough contract audits conducted by Certik and SlowMist

• Shares a $300 million protection fund with the Bitget Exchange, ensuring the security of user assets and transactions

• Comprehensive risk assessments for tokens and DApps 

• MPC Wallet technology  

• Hardware wallet compatibility 

2. Metamask

With a user base of over 30 million, Metamask is one of the most popular self-custodial wallets in the crypto market. The wallet supports currencies on many popular Web3 networks such as Ethereum, Polygon, and the Binance Smart Chain.

Metamask is available as a browser extension or Android or iOS application. Once logged in, users will find an accessible path toward utilizing Web3 applications thanks to Metamask’s unified wallet solution and its large selection of tokens available to trade. While Metamask doesn’t charge any usage fees, users must cover gas charges.

The wallet partners with Blockaid to provide users with extra transaction security. Through Blockaid, users receive alerts if they appear to be involved in a potentially malicious transaction. 

Main Functionality

• Supports currencies on many popular Web3 networks such as Ethereum, Polygon, and the Binance Smart Chain  

• Available as a browser extension or on Android and iOS

• Self-custodial wallet

Security Overview

• Conducts frequent third-party security audits to verify the quality of its source code

• Seed phrases as a wallet recovery option

• Partners with Blockaid to prevent scams while making transactions 

3. Phantom

Phantom is a non-custodial crypto wallet that supports the Polygon, Solana, and Ethereum blockchain networks. The wallet offers various features, such as token swapping for its three supported networks and an NFT storage, but it’s most known for Solana staking support. 

The Phantom Wallet was first launched as a Solana-centric wallet before it expanded to Ethereum and Polygon. Thanks to this initial focus, Solana users can stake their SOL tokens through Phantom and earn rewards.

You can access Phantom Wallet on Android or iOS devices and through a browser extension on Chromium-based or Firefox browsers.

Main Functionality

• Supports Ethereum, Polygon, Solana

• Offers SOL staking for rewards

• In-wallet token swapping

• NFT storage

Security Overview

• Non-custodial

• Community-powered block list for tracking tokens and NFTs from harmful domains or wallet addresses

• Easy NFT burning to remove harmful NFTs from your wallet

4. SafePal

SafePal is a versatile wallet that supports Bitcoin, Ethereum, and many other digital currencies.

The wallet’s standout feature is its integration with the Binance Mini Program – a development framework for small decentralized applications powered by Binance’s network.

SafePal also offers staking in mining pools through the wallet with no third-party apps required. Its built-in yield aggregator automatically nets you the best possible interest rates while avoiding high gas fees.

SafePal is available as a browser extension, a mobile app, or through its various hardware wallets.

Main Functionality

• Supports thousands of cryptocurrencies

• Integration with Binance Mini

• In-wallet staking via mining pools

• Available in hardware wallet format

Security Overview

• Offers a hardware wallet for offline security

• All wallet types are non-custodial

• EAL5+ certified

• Self-destruct mechanism in case of tampering

There we have it. With this extensive look at five of the most secure crypto wallets on the market, we hope you feel ready to make an informed wallet decision. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.