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.

Best Decentralized Wallets List

  1. Best Wallet – Best Crypto DeFi Wallet With Unique Features
  2. Ellipal – The Best Air-Gapped Hardware Wallet
  3. Zengo – Seamless DeFi Connections and Support for Top DeFi Tokens
  4. LedgerStore Assets in Cold Storage and Interact with DeFi
  5. TrezorTop Hardware Wallet that Can be Connected to DeFi
  6. Blockstream Jade – Best DeFi Wallet for BTC Traders
  7. NgraveCrypto DeFi Wallet With the Best Security Protocols
  8. Bitbox – The Best User-Friendly Decentralized Wallet
  9. SecuX – The Best Decentralized Wallet for Traders on the Go
  10. SafePal – The Best DeFi Wallet App
  11. Coldcard – Most Secure BTC-Only Wallet
  12. Floin – A Fully-Regulated DeFi Wallet allowing in-App Token Purchases
  13. DeFi Swap – A DeFi Wallet with a Swap Interface and a Native Token

13 Top DeFi Wallets — Reviewed

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

So, without further ado, here’s a list of decentralized wallets reviewed by our team:

1. Best Wallet — Best Decentralized Wallet With Unique Features

Best Wallet is a self-custodial software wallet and a full DeFi platform offering users several unique features. We consider it one of the best crypto DeFi wallets available on the market for several reasons.

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 rewards on major crypto staking platforms 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. Ellipal – Hardware Wallet That Enables Crypto Transactions via Offline QR Codes

Ellipal is the first crypto DeFi wallet that supports air-gapped transactions. This means this wallet doesn’t require wireless connections, like Wi-Fi and Bluetooth. Instead, all transactions are carried out via offline QR codes.

To conduct a transaction on Ellipal, users must enter the transfer data in the app. The app then generates a QR code that users must scan on their wallets. Best of all, the whole set-up process takes less than 5 minutes.

ellipal defi wallet

Ellipal’s other features include: 

  • Large touch screen
  • Magnetic charging base
  • Anti-tamper & anti-disassembly option
  • Auto-selfdestruct feature 

The auto-selfdestruct feature is perhaps Ellipal’s most notable security feature. If tampered with, this option will automatically delete all data from the wallet.

This DeFi crypto wallet supports multiple accounts, 41 blockchains, and 10,000+ tokens, which makes it suitable for investors who want to build a diversified portfolio. It’s also available in three versions – ELLIPAL Titan Mini, ELLIPAL Titan, and ELLIPAL Titan 2.0.

3. Zengo – Mobile Crypto Wallet with DeFi Capabilities Facilitated by WalletConnect

Zengo is the perfect DeFi wallet example. It has had a fast rise and now has over a million customers in 180 countries worldwide.

The Zengo wallet has received numerous accolades from its users, including a 4.2 star rating on Trustpilot, and a rating of 4.78/5 on the Apple App Store and Google Play Store. Zengo has never received a report of a hack. They undergo security audits from different firms each year and offer their customers 24/7 support.

Zengo Services Banner

Zengo supports over 120+ cryptocurrencies, including some of the top DeFi protocol tokens. It also supports Wrapped Bitcoin, as an ERC20 on the Ethereum network, which allows users to use Bitcoin in DeFi protocols on the biggest DeFi blockchain.

Users can browse and access DeFi and other dApps through a dedicated dApp marketplace, with connections facilitated by WalletConnect, which results in seamless connections to some of the very best DeFi dApp on the market.

Those looking for extra security for their DeFi and trading activities can also upgrade to the Pro version of Zengo wallet. All of the previously mentioned features are part of the free version, however, the Pro version offers users numerous benefits, including:

  • Web3 Firewall – Alerts and protection from Web3 hacks
  • Legacy Transfer – Automatically pass assets to another account after a period of inactivity
  • Theft Protection – 2-factor authentication for large transactions
  • Priority Support – Guaranteed responses within 1 hour, typically 5 minutes

4. Ledger — Leading DeFi Wallet Provider for Cold Storage

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.

5. 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.

6. Blockstream Jade – An Open-Source Hardware Wallet That Allows Its Users To Store BTC and Liquid Bitcoin 

Next on our DeFi wallets list, we have Blockstream Jade – one of the best Bitcoin-only hardware wallets that uses two security systems. Namely, Blockstream Jade offers two security models – Standard and 2FA Protected.

The standard model is more suitable for beginners since it uses one key to secure the funds. On the other hand, the 2FA Protected model is more complex, as it uses multiple keys. One is stored on the user’s device, while the other is stored on Jade’s servers.

Blockstream Jade defi wallet

In addition to that, Blockstream Jade uses a blind oracle to protect the wallet from physical attacks. On that note, Jade will communicate with a blind oracle by default, although this option can also be turned off.

Blockstream Jade is both an open-source wallet that enables air-gapped transactions and a standard wallet that comes with a USB-C connector. And finally, Jade is compatible with popular wallets, like Electrum, BlueWallet, and Spectre. It can also be connected to Blockstream Green – Blockstram’s software wallet that’s compatible with iOS and Android devices.

7. Ngrave – An EAL7-Certified Cold Wallet That Places a Special Emphasis on Security

Ngrave ZERO is one of the best cold wallets that places a special focus on security. On that note, users of this air-gapped wallet will have to use their fingerprints to create a perfect key and unlock their devices, in addition to an 8-digit password. Moreover, all transactions will be verified through QR scanning, light sensors, and biometric authentication.

Ngrave defi wallet

In addition, Ngrave ZERO is the only blockchain DeFi wallet with EAL7 certification. This certificate is most commonly associated with security standards used by militaries or governments. It means that this device passed the most rigorous testing to meet specific security requirements.

Another feature that makes this wallet stand out is its recovery mechanism. This mechanism allows users to create a private key backup without the need for a third party and generates private keys in real time to ensure randomness.

Last but not least, Ngrave ZERO supports more than 3,700 cryptocurrencies, from ERC-20 and ESDT tokens to NFTs.

8. Bitbox – An Open-Source Wallet With an Intuitive Interface That Creates a Backup on Its Micro SD Card

If you’re looking for top DeFi wallets that are suitable for beginners, you should give BitBox02 a go. This crypto wallet has a user-friendly interface and invisible touch sensors that facilitate navigation and verification.  

BitBox defi wallet

Furthermore, users will be able to take advantage of its expert settings menu where they’ll be able to set custom fees, manage UTXOs, and create multiple accounts with separate addresses.

BitBox02 also has a user-friendly app that combines all BTC addresses within one menu. Users will be able to access the app using a 24-word passphrase. Likewise, they’ll be able to connect their wallet to their Android devices via a USB-C charger.

Other notable features include the Anti-Klepto protocol, which prevents the leaking of private keys, and cross-platform compatibility, which enables it to work on all desktop operating systems. BitBox02 will also automatically create a backup on its micro SD card. And finally, the BitBox02 wallet supports over 1,500 cryptocurrencies.

9. SecuX – Defi Wallet That Supports Over 10,000 Cryptocurrencies and Whose Battery Can Last Up to 7 Hours of Continuous Trading

SecuX V20 is a hardware crypto wallet that was released in 2018. What makes this wallet useful for traders on the go is its design and long battery life. On that note, the V20 has a touchscreen display of 2.8 inches, which is located inside a rectangular case made of polished aluminum. In addition to that, this device uses a 600mAh battery that lasts up to 7 hours.

SecuX defi wallet

SecuX V20 also comes with a native DeFi wallet app available for Android and iOS devices. Moreover, it supports up to 500 accounts and over 10,000 cryptocurrencies and NFTs.

When it comes to security SecuX V20 doesn’t disappoint. This wallet uses a built-in CC EAL 5+ certified security chip to store the private keys of its users offline. It also uses tamper-resistant packaging, two-factor authentication, and a 24-word recovery passphrase. On top of that, users can take advantage of its hidden wallet feature to separate their funds. These features make SecuX V20 suitable for traders with multiple accounts.

10. SafePal – DeFi Wallet With a Built-in Dex Feature That Also Enables Spot Trading on Binance

SafePal S1 is another participant on our list of DeFi wallets that uses robust security systems.  These include EAL5+ independent secure element, anti-tampering, and self-destruct. This is also an air-gapped wallet, which means that it doesn’t require Wi-Fi and a USB connection.

SafePal defi wallet

SafePal S1 also has one of the best DeFi wallet apps. On that note, the SafePal Swap app supports over 100 blockchains and it has a built-in DEX feature. This means that users will be able to trade their coins directly from the app. Users can also use the app for spot trading on Binance, connecting to multiple dApps, and yield farming.

The SafePal S1 is also suitable for traders on the go due to its credit card-sized dimensions. Unlike standard hardware wallets that usually have only 2 buttons, S1 has 5 buttons that enable the use of different functions, from transactions to participating in DeFi activities. This device is also KYC-free.

11. Coldcard – A DeFi Wallet That Enables Interoperability Between Multiple BTC Hardware Wallets

Coldcard Mk4 is an air-gapped bitcoin hardware wallet designed for individual use. I.e., its users won’t have to connect it with a PC or smartphone to access their digital assets. Its most notable features include brick pin mode and the timelock option. The first feature allows users to wipe their devices if a security breach occurs, while the second option allows them to delay their transactions.

Coldcard defi wallet

Coldcard is compatible with many BTC desktop wallets, like Wasabi and Electrum wallet. However, what makes it stand out is its PSBT support (partially signed bitcoin transactions). This option allows users to share their partially signed BTC transactions without giving out their private keys.

In addition to that, Mk4 will store the private keys of its users on a micro SD card to facilitate the backup process. Moreover, ColdCard allows the use of multiple PINs. These PINs can also be used to create fake wallets.

12. Floin — Fully-Regulated Wallet for Interacting with DeFi dApps

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.

13. DeFi Swap — Leading DeFi Wallet With Swap Feature and a 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.

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.

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

Now that we’ve concluded the list of DeFi wallets, let’s discuss how to get started with one immediately. 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 Android and iOS, and a desktop browser extension is 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, no further details are needed, and no KYC checks must pass.

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

Step 3 – Use Best Wallet

The Best Wallet account is now ready, and users can 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.


In conclusion, we’ve reviewed 13 of the best DeFi wallets currently on the market to provide you with a comprehensive overview and more options to choose from. Our aim is to help you find the wallet that meets your specific needs. Additionally, we’ve included a guide explaining what DeFi wallets are and how you can purchase them so that you have all the necessary information in one place.


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