Discover the ultimate gateway to decentralized finance with the best DeFi wallets available. Navigating the dynamic world of cryptocurrency requires the right tools.

DeFi wallets stand as the linchpin, offering not just secure storage but also access to a spectrum of financial services.

A List of Best DeFi Wallets

  1. Best Wallet – Overall Best DeFi Wallet
  2. Floin – Regulated DeFi Wallet
  3. DeFi Swap – Leading DeFi Wallet with Native Token
  4. DeFi Wallet– Top DeFi Crypto Wallet with Low Fees
  5. ZenGo – DeFi Dapp Compatible Wallet
  6. Trust Wallet – Best DeFi Wallet for Asset Selection
  7. MetaMask – Popular DeFi Wallet with 30 Million Active Users
  8. Coinbase Wallet – User-Friendly DeFi Wallet with Decentralized Web Browser
  9. Trezor – Best DeFi Wallet for High Security
  10. Ledger – Leading DeFi Wallet Provider for Cold Storage
  11. Argent – Best Wallet for Staking

Top 11 DeFi Wallets — Reviewed

Much like the best DeFi exchanges, DeFi wallets offer a way to remove the middleman from specific transactions, reducing fees and preserving anonymity.

So, without further ado, let’s review all the top products on the market right now:

1. Best Wallet — Best Overall

Best Wallet is a self-custodial software wallet and a full DeFi platform offering users several unique features.

Its mobile app – available on Android and iOS – is now available. It allows users to safely purchase, manage, and store crypto, as well as access various DeFi features that give it an advantage over other wallets.

Best Wallet home img

It has multi-chain functionality and a built-in decentralized exchange, allowing users to hold and trade thousands of different tokens. Leading tokens can be purchased with fiat currency, via trusted third-party broker Wert.

Holding $BEST tokens allows users to earn high staking rewards and get early access to new crypto projects and NFTs. Holders also receive discounted trading and gas fees, and get unique insights into trending crypto tokens and a crypto news feed from its built-in AI chatbot.

Best Wallet has enhanced security features with the app requiring a four-digit passcode as a minimum, with the option to add two-factor authentication and/or fingerprint ID.

2. Floin — Highly Regulated DeFi Wallet

Floin is a fully regulated, safest DeFi wallet for your digital assets out there. Typically, crypto companies will shy away from regulation, as they fear it will affect their business operations — with some even moving their business to countries with less regulation. Floin is the opposite as they seek to embrace regulation.

The company is based in Liechtenstein — a country that is well-known for its blockchain integration through laws. After a year of working closely with Liechtenstein’s regulatory agency — the Financial Market Authority — Floin became a fully certified Virtual Assets Service Provider (VASP).

In addition, they are KYC- , KYB-, and KYT-compliant through SumSub, Modulr, and NotaBene – three very prominent verifiers in the space.

Overall, the DeFi wallet will have several components that come together to form the ecosystem. These include the following:

  • A crypto and fiat wallet
  • Visa integration with Google and Apple Pay
  • An NFT marketplace
  • A revolutionary marketplace for tokenized projects.

The DeFi wallet itself is beautifully designed, allowing users to store their crypto tokens in one location. They added a fiat wallet complete with VISA integration, allowing users to purchase crypto using their credit/debit cards alongside Google and Apple Pay.

The token that powers the ecosystem is FLKT, a deflationary ERC-20-based token minted on Polygon. The starting supply for the token is one billion FLKT. Users using FLKT will enjoy benefits such as lower transaction fees and early access to STO projects. The Private Phase of the ICO started on March 16th and is now available to everyone.

3. DeFi Swap — Leading DeFi Wallet With Native Token

DeFi Swap is the best DeFi wallet to earn interest and swap tokens — all without a centralized intermediary. The exchange does this through a handy browser-based platform, with no requirement to complete any KYC checks.

Although DeFi Swap isn’t a DeFi wallet in the traditional sense, the platform does offer many of the same services that these wallets do. Token swapping is one of the most popular services, as DeFi Swap supports over 50 different coins, including the platform’s native ‘DeFi Coin’ token.

DeFi Swap review

We noted that users can participate in DeFi Swap’s yield farming mechanism, which offers four different tiers. Each tier has its own lock-up period and APY – with the platinum tier offering a yield of up to 75% per year. You can even earn a share of the commissions generated on the platform by becoming a liquidity provider and placing your tokens in one of the liquidity pools.

One of DeFi Coin’s most appealing characteristics is that token holders can generate a regular stream of passive income simply by storing the token in their crypto wallet.

This income stream is derived from DEFC’s innovative ‘static rewards’ system, which involves placing a 10% tax on buy and sell orders. Half of the tax income is distributed back to DEFC holders as a reward, whilst the other half is placed into DeFi Swap’s liquidity pools.

4. DeFi Wallet — Top DeFi Crypto Wallet With Low Fees

As the name implies, this wallet is provided by – one of the best crypto exchanges regarding fees and asset selection.

The DeFi wallet is non-custodial and available to download for free from the App Store or Google Play. As a non-custodial wallet, the wallet offers complete control over your holdings and your private key.

The wallet supports over 100 crypto assets, including many of the best altcoins and DeFi tokens. When sending any of these assets to another wallet, allows you to choose which speed you’d like to use. This way you can save money on network fees. DeFi wallet

The DeFi wallet also has a ‘DeFi Earn’ feature, which allows you to generate a yield on over 35 supported tokens. We also noted that you can provide liquidity to the platform and receive a share of the accrued token swap fees. Finally, when it comes to DeFi wallet taxes, you can use the ‘ Tax’ service to integrate with the wallet and optimize your tax reporting. also has a high-rated crypto app that provides all sorts of benefits for users.

5. ZenGo DeFi Dapp Compatible Wallet

ZenGo is one of the fastest rising DeFi wallets, now with 650,000+ customers across 180 countries worldwide.

Apart from offering storage of crypto and NFTs, ZenGo wallet can be used to trade on Uniswap, earn yield through Lido, game in The Sandbox, and explore the world of Dapps (decentralized apps).

ZenGo wallet

WalletConnect is the tool to integrate the ZenGo wallet with Dapps.

The ZenGo DeFi wallet is compatible with both Android and iOS mobile devices. It comes complete with industry leading security protocols, including 3-factor authentication and 3D biometric encryption. ZenGo has positive reviews in TechCrunch, CoinDesk and several other crypto and DeFi news publications.

6. Trust Wallet Best DeFi Wallet for Asset Selection

Another one of the best crypto wallets within the DeFi sector is Trust Wallet. Trust Wallet is mobile-based and used by over 25 million people worldwide, boasting support for more than seven million crypto-assets. A total of 69 blockchains are supported by Trust Wallet.

Trust Wallet’s best feature is its ‘Trust dApp Browser’, a fully-functioning Web 3.0 browser that allows you to use an array of decentralized applications (dApps). Ethereum and Binance Smart Chain (BSC) dApps are supported by this browser, meaning that you can use protocols such as PancakeSwap, 1inch, OpenSea, and more.

Aside from the dApp browser, Trust Wallet also allows seamless token swapping – even allowing you to buy crypto with a credit or debit card.

Trust Wallet review

Like the CRO DeFi wallet, Trust Wallet has a dedicated staking mechanism that supports 12 popular tokens. APYs can vary dramatically, although some supported tokens offer more than 10% per year. Finally, the Trust Wallet even has support for NFTs, allowing you to make your purchase on one of the best NFT marketplaces and then store your assets safely over the long term.

A great DeFi wallet to consider for iOS and Android is MetaMask. Investors who buy cryptocurrency regularly will likely have heard of MetaMask, as it reportedly has over 30 million monthly active users. The wallet has full support for the Ethereum blockchain and is available to download as a mobile app or a browser extension.

One of MetaMask’s best features is that it aggregates data from various sources, ensuring you get the best price with the lowest network fees when making a token swap. MetaMask also spreads your orders across multiple exchanges, protecting you against slippage. The wallet can do this thanks to partnerships with leading protocols like Uniswap, Curve, 1inch, and more.

MetaMask wallet

MetaMask also allows you to buy cryptocurrency from within the wallet’s interface, supporting tokens from Ethereum, Polygon, BSC, Avalanche, Fantom, and Celo. You can fund your purchase using a credit/debit card, bank transfer, or even Apple Pay/Google Pay.

Finally, MetaMask ensures you remain anonymous during the process by not storing your payment information and relinquishing control over your crypto-assets.

8. Coinbase Wallet — User-Friendly DeFi Wallet with Decentralized Web Browser

Another wallet that offers similar services to DeFi Swap is the Coinbase Wallet. The Coinbase Wallet has an exceptionally user-friendly interface with no advanced jargon or features, making it ideal for newcomers to the space. This wallet has support for over 100,000 tokens and can even store NFTs, too.

If you’re looking for a crypto app for security reasons, the Coinbase Wallet is undoubtedly a viable option, as it features industry-leading security whilst giving you complete control over your assets and keys. Like Trust Wallet, the Coinbase Wallet allows you to browse the decentralized web, enabling you to use a massive selection of dApps for yield generation and NFT investing.

Coinbase wallet

The Coinbase Wallet also connects seamlessly with the Coinbase Exchange, allowing you to transfer over your purchased assets instantly. However, you can also buy crypto from within the wallet’s interface with a credit/debit card, allowing you to take advantage of short-term price movements.

9. Trezor — Best DeFi Wallet for High Security

If you’re looking for a high-security DeFi wallet, look no further than Trezor. Trezor offers two hardware wallets to purchase — the Trezor Model One and the Trezor Model T. The great thing about these wallets is that they hold your crypto in ‘cold storage’, making it virtually impossible for cyber attackers to steal your holdings.

Trezor wallets support over 1,000 coins and feature advanced security protocols to ensure that you are given the highest level of security. However, one of Trezor’s best features is the ‘Trezor Suite’, a desktop and browser app that links to your hardware wallet. This app allows you to buy, exchange, and spend without partnering with another exchange.

Trezor wallet

Trezor also has some of the best customer support in the industry and even provides a ‘Password Manager’ feature that allows you to store passwords for all of your online accounts whilst benefiting from Trezor’s advanced security features. Finally, Trezor even provides a unique ‘Recovery Seed’ that ensures your wallet is always accessible if you forget your other details.

10. Ledger — Leading DeFi Wallet Provider for Cold Storage

Like Trezor, Ledger is a DeFi wallet provider that offers a hardware wallet to store your crypto offline. Ledger’s wallet product — ‘Ledger Nano’ — is used by over four million people.

Although the Ledger Nano is a hardware wallet, it can connect seamlessly with the Ledger Live app, which is available on your mobile or browser. This app allows you to manage over 5,500 tokens, supporting many of the best DeFi coins. Not only that, but Ledger also enables you to buy cryptocurrency through Ledger Live in conjunction with its partner payment gateways.

Ledger wallet

Similar to the service we noted in our DeFi wallet review earlier, Ledger also offers a ‘Grow’ mechanism where you can stake up to seven tokens at one time. You can even run your own node if you wish, allowing you to earn rewards proportional to your stake. Finally, Ledger even provides access to a suite of other services, including DeFi apps and NFT trading platforms.

11. Argent — Best DeFi Wallet for Staking

Rounding off our list of Defi wallet reviews is Argent. Argent is a mobile DeFi wallet that supports Ethereum-based assets, offering a way to use specific DeFi mechanisms quickly and cost-effectively. The wallet was launched in 2020 and has gained a stellar reputation due to its user-friendly interface and high level of security.

Argent allows you to stake ETH and earn up to 5% per year, with USDC and DAI deposits generating up to 15% per year – meaning that returns fall in line with many of the best crypto interest accounts. You can also instantly swap tokens using the Argent wallet or purchase new coins through Argent’s DeFi wallet to bank account link.

Argent wallet

Notably, Argent allows you to trade tokens for as little as $1, making the wallet ideal for beginners. The wallet is non-custodial and features biometric identification and multiple layers of security protocols. Finally, since Argent allows you to browse the decentralized web, you can even use leading DeFi protocols like Uniswap, Aave, and Compound.

Top DeFi Wallets — Comparison Table

Now that you understand what the best DeFi wallets are, let’s compare the services they offer. The table below presents a clear comparison between the eight wallet providers reviewed above, ensuring you have the information you need to make an effective wallet choice:

Wallet Services Number of Supported Coins Fee Structure Mobile App?
Best Wallet Token swapping, DEX, $BEST airdrop and staking, reduced fees, insights into new projects, early access to new projects Thousands via DEX Determined by third-party Yes
Floin Swapping, staking, storing, NFTs, DEX Thousands via DEX Variable Yes
DeFi Swap Token swapping, staking, yield farming 50+ Variable (paid in BNB) Currently in development DeFi Wallet Swapping, staking, storing 100+ No wallet fees Yes
Trust Wallet Crypto purchases, token swapping, dApp browser, staking 1,000,000+ No wallet fees Yes
MetaMask Token swapping, crypto purchases, dApp browser 500,000+ 0.875% service fee per swap Yes
Coinbase Wallet dApp browser, crypto purchases, NFT support, swapping, staking 100,000+ No wallet fees (exchange fees do apply) Yes
Trezor Cold storage, portfolio management, crypto purchases 1,000+ Variable network transfer fee + cost of the hardware wallet No
Ledger Cold storage, crypto purchases, token swapping, dApp browser, staking 5,500 Variable network transfer fee + cost of the hardware wallet Yes (Ledger Live)
Argent Staking, crypto purchases, swapping, dApp browser 500,000+ Network transfer fees + third-party fees on crypto payments Yes 

What Is a DeFi Wallet?

DeFi wallets are non-custodial crypto wallets designed to store your crypto-assets safely. These wallets could be hardware or software wallets. Even so, they are most commonly software-based and can be downloaded as an app onto your mobile or tablet.

The true value and meaning of DeFi wallet is that there is no central authority to control operations — it’s in your hands. Due to this, DeFi wallets are considered safer than other wallet types.

DeFi Wallets

Aside from being used to store crypto, DeFi wallets tend to come with a host of additional services. These include token swapping, yield farming, staking, crypto purchasing, and more. Specific DeFi wallets even allow you to browse the decentralized web, meaning that you can access the entire universe of supported dApps.

How Do DeFi Wallets Work?

Whether you’re interested in a DeFi wallet for mobile devices or simply wish to store your holdings through a browser-based wallet, it’s crucial to understand how these platforms work. As touched on above, DeFi wallets are inherently ‘non-custodial’, meaning that only you have access to your private key.

As defined by Gemini, the private key acts as proof of ownership and allows you to spend the funds that are contained within the wallet. Private keys can take numerous forms, although they tend to be long binary codes, hexadecimal codes, or QR codes. You may not actually have to handle your private key manually since most wallets contain a ‘seed phrase’ that encodes your private key as a backup.

Since your cryptocurrency holdings are stored on the blockchain rather than inside a DeFi wallet, private keys are crucial to showcasing ownership of those holdings. In essence, DeFi wallets keep your private key safe rather than your crypto. If you were to lose your private key and exhaust the recovery options, it’s likely that the crypto holdings tied to that key will be irreversibly lost.

Types of DeFi Wallet Accounts

Although most DeFi wallets offer services like crypto staking and token swapping, you can narrow the selection even further by opting for either a ‘cold’ or a ‘hot’ wallet. Let’s take a closer look at each of these wallet types:

  • Cold Wallets – Cold wallets are a type of DeFi wallet that stores your holdings offline. These wallets are hardware-based and must be purchased from a third-party supplier, such as Trezor or Ledger. However, cold wallets are deemed the safest option since your private key is stored offline, making it virtually impossible to access without your permission.
  • Hot Wallets – On the other hand, hot wallets are a type of DeFi wallet that is always connected to the internet. These wallets typically come in the form of an online platform, such as DeFi Swap, or a mobile app. Hot wallets are not considered as safe as cold wallets due to their perpetual connection to the internet, although they tend to be much more user-friendly and accessible than hardware wallets.

How to Choose the Best DeFi Wallet for You

Choosing a DeFi wallet can be tricky, especially if you are new to the market. To help streamline the decision-making process, detailed below are some of the most important factors to keep in mind:

Security Level

Your top priority should be the wallet’s security level, which is crucial to keeping your private key safe. Although hardware wallets offer the highest level of security, due to their offline nature, many ‘hot’ wallets also boast leading security protocols. These may include biometric authentication, two-factor authentication, standardization protocols, and many more.

Services Offered

Many DeFi wallets act as a ‘crypto bank‘, providing an easy way to store your holdings safely. However, the best DeFi wallets also offer additional features, such as token swapping, yield farming, staking, and more. Some wallets even provide a built-in ‘dApp browser’, enabling you to surf the decentralized web. DeFi wallet services

Supported Assets

The assets that a DeFi wallet supports will be dictated by the blockchain that it is compatible with. For example, if a wallet links to the Ethereum blockchain, it will likely support most ERC-20 and ERC-721 tokens. However, some wallets offer multi-chain support, which exponentially increases the number of tokens they can work with.


When connecting your DeFi wallet to a bank account, you’ll likely want to review the wallet’s fees. Many wallets allow you to purchase crypto from within the platform’s interface, whether that be via credit/debit card or bank transfer. There will usually be a fee associated with this, along with network fees that accrue when a token is transferred — although these are dictated by the specific blockchain and not by the wallet provider.


Much like when choosing a DeFi staking platform, it’s a good idea to review the DeFi wallet’s user-friendliness — especially if you’re a beginner. Fortunately, platforms like DeFi Swap feature no advanced jargon or complex features, making it quick and easy to swap tokens and generate a yield right away.

DeFi wallet reviews


Finally, the wallet’s accessibility should also be considered. This refers to how easy it is to access your holdings swiftly, meaning that hot wallets tend to be the most accessible. In addition, platforms like DeFi Swap can be accessed through your web browser, making them the most accessible when using services like swapping and staking.

How to Get a DeFi Wallet

Before we conclude this guide, let’s touch on how to get started with a DeFi wallet right away. As noted earlier, Best Wallet is our top recommended platform for using decentralized finance mechanisms.

It is not only a fully secure crypto wallet with multi-chain functionality and a built-in DEX but has several other notable DeFi features.

With that in mind, the steps below will show you how to set up a Best Wallet account in less than five minutes.

Step 1 – Download App

Best Wallet is available as a mobile app for both Android and iOS, with a desktop browser extension in development.

Simply head to the App Store/Play Store and download the Best Wallet app.

best wallet app

Step 2 – Create Account

Next, simply input an active email address and an account will be created. As a decentralized wallet there are no further details needed or any KYC checks to pass.

At this stage, Best Wallet will ask you to create and confirm a four-digit passcode, while additional security features — two-factor authentication and/or fingerprint ID — can be added now or delayed until another time.

Step 3 – Use Best Wallet

The Best Wallet account is now ready with users able to securely purchase and store crypto or trade in its decentralized exchange.

As mentioned above some of the advanced features will be released in the near future.


If you’re looking to get started with a DeFi wallet right away, our recommended provider is Best Wallet. Not only does the newly launched self-custody wallet enable users to securely purchase and hold tokens and trade on a built-in DEX.

That includes reduced trading and gas fees, insights into new and trending crypto tokens, a crypto news feed, and early access to new crypto projects and NFT drops.


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