14 Best Decentralized Crypto Wallets for 2025

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Eric Huffman's background includes a decade plus in business management as well as personal finance industry experience in insurance and lending. A strong understanding of consumer finance combined...

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March 10, 2025 07:24 EDT

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Decentralized wallets help you retain full control over your assets, as they allow you to own your private keys, eliminating third-party risk. Centralized platforms, like exchanges, on the other hand, manage keys for users, making funds vulnerable to hacks, freezes, or regulatory seizures.

For that reason, choosing the right decentralized wallet is critical. Security, multi-chain support, gas fee controls, and dApp compatibility vary across wallets. A poor choice can lead to lost funds, high fees, or limited functionality.

However, finding the best DeFi wallet is hard. Many claim top-tier security and features but lack audits, true self-custody, or cross-chain support. That’s why we’ve done the research for you. This guide breaks down the best decentralized wallets, helping you pick one that fits your needs.

Best Decentralized Crypto Wallets: Full Reviews

In this section, we review the best decentralized crypto wallets for 2025. We’ll give you detailed overviews of our top picks to help you make the right choice for your needs:

1. Best Wallet — Overall Best Decentralized Wallet

Best Wallet is a non-custodial, multi-chain decentralized crypto wallet that prioritizes anonymity and security. It supports Bitcoin and all ERC-20 tokens, allowing you to buy, sell, stake, and swap assets within a single app. With no KYC or ID verification, it provides complete financial privacy.

The wallet integrates DEX trading, staking, and portfolio management but lacks a browser extension. While it allows on-chain swaps, it doesn’t offer advanced trading features like limit orders yet. However, we appreciate its support for biometric authentication and encrypted key storage, which further enhance its security.

Why is Best Wallet the best decentralized wallet in 2025?

We rank Best Wallet as the top decentralized wallet of 2025 due to its privacy-first approach, multi-chain functionality, and built-in DEX. It’s an all-in-one crypto solution for traders, stakers, and DeFi users who value control over their assets.

2. Exodus Wallet — Best for Multi-Device Support

Exodus is a non-custodial, multi-chain crypto wallet designed for security and ease of use. It natively supports 310+ cryptocurrencies, including Bitcoin, Ethereum, and Solana, and lets you add unlimited custom tokens across 50+ chains. Plus, it features built-in staking and swaps. Available on desktop, mobile, and browser, it syncs seamlessly across devices, and we found its interface equally user-friendly on all platforms.

While Exodus offers biometric security and Trezor integration, we didn’t like its lack of 2FA and full open-source transparency. Transaction fees vary, and there’s no manual gas customization. The NFT marketplace and DeFi integration are growing but still limited.

Why is Exodus Wallet the best for multi-device support?

Exodus is the best multi-device crypto wallet due to its cross-platform syncing, intuitive interface, and secure design. Its desktop, mobile, and browser extensions work together, ensuring seamless asset management wherever you go.

3. Zengo — Best for Backup and Recovery Options

Zengo is a non-custodial, MPC-based crypto wallet that eliminates seed phrase vulnerabilities. It supports 1,000+ assets, including Bitcoin, Ethereum, and stablecoins, while offering three-factor authentication (3FA) and biometric security. You can buy, sell, and swap assets directly within the app.

Unlike traditional wallets, you can’t extract private keys, which Zengo claims reduces hacking risks. While it lacks DeFi and dApp integration, WalletConnect support enables external Web3 access. However, we should note that it lacks support for some major assets like Ripple and native Solana.

Why is Zengo the best for backup and recovery options?

Zengo is the best wallet for backup and recovery because of its 3FA, guaranteed recovery process, and encrypted cloud backup. Even if you lose your device, you can securely restore access without relying on seed phrases.

4. Ledger — Best for Long-Term Storage

Ledger offers hardware wallets that store private keys offline, protecting against online threats. Models include the Nano S Plus ($79), Nano X ($149), Flex ($249), and Stax ($399), each with varying security, screen size, and connectivity features. The Ledger Live app enables portfolio management, staking, and secure transactions.

Ledger wallets support 5,500+ cryptocurrencies but require manual app installations for different assets. But while we liked its Bluetooth connectivity (Nano X, Flex, Stax), which enhances usability, the high costs and complex setup may deter beginners. In addition, Ledger Recover ($9.99 a month, optional) has raised concerns over privacy and security.

Why is Ledger the best for long-term storage?

Ledger is ideal for long-term storage because it offers cold storage, a Secure Element chip, PIN protection, and recovery options. Its offline security ensures resistance to phishing, malware, and exchange failures.

5. Cypherock — Best for Multi-Wallet Management

Cypherock X1 is a decentralized hardware wallet that eliminates seed phrase vulnerabilities by splitting private keys across four encrypted NFC-enabled cards and the main device. Using Shamir’s Secret Sharing, it enhances security by ensuring there’s no single point of failure while maintaining full user control.

Unlike traditional wallets, Cypherock decentralizes key storage, reducing the risks of physical theft or hacks. However, its plastic build felt less premium during our tests, and its companion software, cySync, could benefit from more features like built-in swaps.

Why is Cypherock the best for multi-wallet management?

Cypherock X1 allows you to securely manage up to four wallets with separate private keys. Its multi-wallet setup, combined with Shamir backup, ensures seamless portfolio segregation without compromising security.

6. Ellipal Titan 2.0 — Best Air-Gapped Decentralized Wallet

The Ellipal Titan 2.0 is a fully air-gapped hardware wallet, keeping your private keys completely offline. It supports 50+ blockchains and 10,000+ assets, including Bitcoin, Ethereum, and Solana. Its 4-inch touchscreen and aluminum alloy body provide durability and ease of use, while QR code transactions ensure complete network isolation.

While the Titan 2.0 improves on speed, security, and design, we weren’t thrilled by its lack of multi-sig support, Xpub access, and full-node compatibility. Unlike Ledger or Trezor, it relies on a mobile app rather than a desktop interface. If you prefer a more compact, budget-friendly option, the Titan Mini is worth considering.

Why is Ellipal Titan 2.0 the best air-gapped wallet?

The Ellipal Titan 2.0 is the best air-gapped wallet because it remains completely offline, eliminating risks from WiFi, Bluetooth, or USB-based attacks. It only communicates via QR codes, ensuring your private keys never touch an online device.

For anti-tamper protection, its sealed metal body prevents physical breaches, and its self-destruct mechanism wipes all data if tampering is detected. With a CC EAL5+ Secure Element chip, offline firmware updates, and a durable aluminum alloy build, it’s one of the most secure hardware wallets available.

7. Trezor Safe 5 — Best Open-Source Decentralized Wallet

The Trezor Safe 5 is a hardware wallet designed for maximum security and ease of use. It features an EAL 6+ Secure Element chip, a 1.54-inch color touchscreen, and haptic feedback for intuitive navigation. It integrates seamlessly with Trezor Suite for managing transactions, staking, and portfolio tracking.

While the Trezor Safe 5 supports thousands of cryptocurrencies, its $169 price tag makes it a premium option. Unlike Ledger, it lacks Bluetooth connectivity but compensates with Shamir Backup, an advanced wallet recovery system. However, it doesn’t support air-gapped transactions like the Ellipal Titan 2.0.

Why is Trezor Safe 5 the best open-source wallet?

As an open-source wallet, the Trezor Safe 5 offers unmatched transparency. The community can audit, improve, and verify its security features, ensuring constant updates and protection. Unlike closed-source competitors like Ledger, Trezor’s code is fully accessible, reducing the risk of hidden vulnerabilities.

8. Blockstream Jade — Best for Bitcoin HODLers

The Blockstream Jade is a Bitcoin-only hardware wallet that also supports the Liquid Network for L-BTC and Liquid assets. It offers air-gapped security, QR code transactions, and multi-sig support, making it ideal for self-custody. Unlike traditional wallets, Jade uses server-enforced PIN protection instead of a Secure Element chip.

Jade’s open-source design allows for full transparency, but its lack of native iOS support and small screen may frustrate some users. Navigation relies on a scroll wheel and a single button, which isn’t as intuitive as touchscreens. Plus, it’s heavily focused on Bitcoin, so we don’t recommend it for altcoin holders. However, its affordability ($64.99) makes it an excellent entry-level cold wallet.

Why is Blockstream Jade the best for Bitcoin HODLers?

For Bitcoin HODLers, Jade’s air-gapped transactions, QR-based security, and multi-sig support make it one of the safest self-custody solutions. Its SeedQR and duress PIN features further enhance protection against physical theft or coercion.

9. Ngrave Zero — Best for Advanced Security

The Ngrave Zero is a premium hardware wallet designed for maximum security. It features an EAL7 certification, the highest security standard in the financial industry. With a completely air-gapped design, it operates without USB, WiFi, or Bluetooth, significantly reducing attack surfaces. Its 4-inch touchscreen and fingerprint scanner enhance usability while maintaining strict security protocols.

However, its closed-source software limits transparency, and while it supports over 1,500 cryptos, it may not cover every niche asset. While great for security-focused users, those needing broader multi-chain support might prefer alternatives like Ledger Nano X or Trezor Safe 5. The Ngrave Graphene backup system, made of stainless steel, provides fire, water, and tamper resistance for your recovery key.

Why is Ngrave Zero the best for advanced security?

With EAL7 security, an air-gapped architecture, and tamper-proof hardware, Ngrave Zero is the best choice for advanced security. It eliminates risks from online connections, protects against physical attacks, and ensures your private keys remain completely offline, making it one of the most secure wallets available.

10. SecuX — Best for Hardware Wallet Integration

The SecuX hardware wallet offers a secure, cross-platform solution for managing cryptocurrencies. It supports over 10,000 assets, including Bitcoin and ERC-20 tokens. The 2.8-inch touchscreen improves usability, while the CC EAL5+ secure element chip ensures strong protection against cyber threats and physical attacks.

However, we didn’t like that all transactions rely on SecuX’s servers, raising concerns about privacy and data exposure. The lack of native SegWit support, multi-sig, and PSBT functionality limits advanced security features. Hidden wallet functionality exists but requires manual setup, adding complexity for users.

Why is SecuX the best for hardware wallet integration?

SecuX excels in hardware wallet integration, offering USB and Bluetooth connectivity, multi-platform support, and seamless account synchronization. With built-in security features and tamper-resistant chips, it provides a reliable, hardware-based solution for long-term crypto storage.

11. SafePal S1 — Best Value-for-Money Decentralized Wallet

SafePal S1 is a fully air-gapped hardware wallet designed for maximum security. It stores your private keys offline, eliminating exposure to online threats. We also loved its support for over 30,000 cryptocurrencies and the self-destruct mechanism that wipes data upon tampering, which provides a strong balance of security and usability.

While its EAL 5+ secure element ensures top-tier protection, the lack of Bluetooth, WiFi, or USB means all transactions rely on QR codes. Some users may find this inconvenient, and beginners might struggle with the setup process. However, its compact design and Binance-backed reliability make it a solid choice.

Why is SafePal S1 the best value-for-money wallet?

For just $49.99, SafePal S1 offers high-end security at a budget-friendly price. Unlike competitors like Ledger, which charges significantly more, it provides air-gapped security, multi-chain support, and DeFi/NFT integration at a fraction of the cost.

12. Trust Wallet — Best for DApp Browsing

Trust Wallet is a non-custodial software wallet that supports millions of crypto assets and NFTs across 100+ blockchains. Designed for convenience, it offers in-wallet staking, seamless token swaps, and direct crypto purchases. As a hot wallet, it connects to the internet, making it more accessible but less secure than hardware wallets.

Despite its user-friendly interface, we should note that its lack of two-factor authentication (2FA) is a potential security concern. Additionally, its vast support for assets includes some questionable crypto projects, requiring you to research before investing. However, Trust Wallet remains a strong choice for those seeking a multi-chain, all-in-one wallet.

Why is Trust Wallet the best for dApp browsing?

We rate Trust Wallet as one of the best wallets for dApp browsing thanks to its seamless integration with DeFi platforms, NFT marketplaces, and Web3 applications. Its built-in dApp browser enables you to explore decentralized finance, swap tokens, and access blockchain-based services without leaving the app.

13. MetaMask — Best for Ethereum and ERC-20 Tokens

MetaMask is a non-custodial software wallet primarily designed for Ethereum (ETH) and ERC-20 tokens. It also supports networks like Binance Smart Chain and Polygon. Available as a browser extension and mobile app, it allows seamless interaction with dApps. You can swap tokens, manage multiple accounts, and connect to Web3 platforms easily.

However, we can’t recommend MetaMask to complete beginners. Setting up custom networks, managing gas fees, and handling private keys require technical knowledge. The interface can be overwhelming, and errors like failed transactions or incorrect gas limits can result in frustrating user experiences and unnecessary costs. Security risks, such as phishing attacks, also demand extra caution.

Why is MetaMask the best for Ethereum and ERC-20 tokens?

MetaMask is one of the best Ethereum wallets due to its deep integration with Ethereum-based dApps, decentralized exchanges, and NFT marketplaces. It has customizable gas fees, multi-chain support, and compatibility with hardware wallets for added security.

14. Phantom — Best for Solana and SPL Tokens

Phantom is a non-custodial software wallet designed primarily for Solana (SOL) and SPL tokens, with added support for Ethereum and Polygon. Available as a browser extension and mobile app, it provides a streamlined way to store, swap, and stake crypto while also offering NFT management and DeFi access.

As one of the best Solana wallets, Phantom is secure and easy to use. However, it only supports Solana staking, and we found the built-in swap feature’s 0.85% fee high, especially since it comes on top of the network fees. While security features like phishing protection and scam detection are strong, self-custody means lost seed phrases can’t be recovered.

Why is Phantom the best for Solana and SPL tokens?

Phantom is the best for Solana meme coins and other SPL tokens because of its seamless staking, fast transactions, and strong ecosystem integration. It offers swaps, built-in NFT tools, and scam protection, making it the go-to wallet for Solana users.

What Is a Decentralized Wallet?

Decentralized wallets give users full control of their crypto investments. Unlike centralized wallets, only the user has access to their private keys.

In a nutshell, decentralized wallets allow users to store their cryptocurrency tokens safely. This is because users control their private keys.

That’s in contrast to centralized wallets, which are often provided by cryptocurrency exchanges or brokers. This is because centralized wallets do not provide users with their private keys. This means users need to trust the centralized provider will keep their funds safe.

Importantly, when setting up a decentralized wallet, private keys are usually provided in a simplified form. This is often a 12-word passphrase that needs to be entered in the correct order. Nonetheless, the decentralized wallet provider will never have access to the private keys.

This means users are responsible for safeguarding their wallets. If the wallet is compromised or the private keys are misplaced – the provider cannot help recover the funds.

Centralized vs. Decentralized Wallets

The responsibility of ‘custodianship’ is how DeFi and centralized wallets are differentiated. Centralized wallet providers are tasked with keeping the user’s cryptocurrencies safe. While DeFi wallets give users full control – meaning they are responsible for looking after their private keys.

DeFi and centralized wallets both enable users to store their cryptocurrency tokens. The key difference is in who takes responsibility for safeguarding the wallet’s private keys.

In the case of centralized wallets, private keys are secured by the provider. This is often a crypto exchange or broker. As such, users do not have access to their private keys. In turn, if the custodian is hacked or goes bankrupt (like FTX), the user’s crypto funds are at risk.

DeFi crypto wallets, on the other hand, give users full control of their funds and private keys. This means that there is no reliance on a third-party custodian. Users can send and receive funds at any time without needing approval from another person or entity.

However, there is nowhere to turn if the DeFi wallet is hacked or the user loses their private keys. Therefore, while DeFi wallets give users control of their wealth – appropriate security practices should be taken.

This means keeping the private keys offline at all times – preferably written down on a sheet of paper. In doing so, the user can recover their wallet if they forget their password or the device is lost or stolen.

Benefits of Using a Decentralized Crypto Wallet

Some of the core benefits provided by decentralized wallets include sole custody of the private keys, access to dApps, and faster transaction times.

Still not sure if a decentralized wallet is the best option? Here are some of the benefits of using a decentralized wallet for storing cryptocurrencies:

Full Control of Crypto Tokens

The main attraction of decentralized wallets is that users control their funds. This is because only the user has access to their private keys. As such, only the user can authorize outgoing transactions.

Moreover, entities — whether that’s the wallet provider or the government — cannot access the crypto funds. This allows users to store wealth outside of the conventional financial system. In other words, users do not need to trust decentralized wallet providers as they do with centralized exchanges.

Store a Great Number of Tokens

When using a centralized wallet, the number of supported tokens is often limited. This is because users can only store tokens that are supported by the exchange. In comparison, the best DeFi wallets support thousands, sometimes millions, of cryptocurrencies.

Take Trust Wallet as an example. It is compatible with over 70 blockchain networks and 4.5 million cryptocurrencies and NFTs. This enables investors to store all of their digital assets in one safe place.

Access Web3 DApps

The best decentralized crypto wallets provide seamless access to Web 3.0 dApps. Some of the most commonly supported dApps include:

• Uniswap
• SushiSwap
• PancakeSwap
• OpenSea
• Compound
• Yearn.finance

But there are hundreds more. Crucially, these dApps offer access to decentralized finance tools, such as token swaps, staking, yield farming, and dual investments.

Anonymity

Another popular feature of decentralized crypto wallets is anonymity. This means users can create a wallet without providing any personal information or contact details. All users need to access their wallet is the respective password or private keys.

How Secure Are Decentralized Crypto Wallets?

First and foremost, there is no requirement to trust a third party when using a decentralized wallet. After all, decentralized wallets merely provide a bridge between crypto transactions and the blockchain.

However, decentralized wallets will always be at risk from remote hacking attempts and theft. As such, users must ensure that they follow sensible security practices to keep their crypto funds safe.

For example, those using a mobile wallet should ensure that a suitable PIN is used. This should be in addition to a smartphone’s lock screen password. If someone is able to bypass these security measures, they will have access to the wallet.

This is also the case for desktop and browser extension wallets. Another way for hackers to access a decentralized wallet is through ‘links’. For example, a scammer might impersonate the wallet’s support team and send a link for the user to click.

Unwittingly, the link might install a virus or keylogger, enabling the scammer to access the wallet remotely. The safeguard here is to never click links from unknown sources, whether on social media or emails.

The safest option is to keep the crypto wallet offline at all times. For example, consider installing the wallet on a cheap smartphone that is never connected to the internet. Similarly, users might also consider a paper wallet that is stored away from the risk of theft or damage,

Ultimately, decentralized wallets are safe, but users must also take responsibility. Users need to consider that increased convenience often leads to reduced security.

For example, while software wallets are convenient for actively trading and investing in crypto, the private keys are always vulnerable to hackers. As such, users should only keep small amounts of crypto in a software wallet.

Different Types of DeFi Wallets

Now that we have established the difference between centralized and DeFi wallets, we can explore the different types available.

Software Wallets

Most crypto investors opt for a software-based decentralized wallet. Software wallets are often referred to as ‘hot storage’. This is because the funds remain online at all times, increasing both convenience and risk.

Software wallets come in many forms, but mobile apps are particularly popular. Decentralized wallets like MetaMask and Trust Wallet both offer iOS and Android apps. This enables users to secure their crypto funds with a PIN or fingerprint ID.

Mobile wallets are very convenient for actively managing crypto portfolios. At the click of a button, users can send, receive, and trade crypto right from their smartphones.

Software wallets also come with browser extensions. For example, MetaMask offers an extension for Chrome, Edge, Brave, and Firefox browsers. This enables users to access the crypto markets whenever they are on their laptops.

Some decentralized wallets come as desktop software, but this is less common. One of the most popular desktop wallets is Electrum, which safely stores Bitcoin on Windows, Mac, and Linux.

Hardware Wallets

Hardware wallets allow users to store their cryptocurrencies on a device. The private keys are held on the device and kept offline at all times.

To transfer crypto to another wallet, users must enter a PIN on the hardware device. This offers an ultra-secure way to store large amounts of crypto.

Equally, hardware wallets are far from convenient for active crypto traders. This is because making last-minute trades is cumbersome, considering access to the hardware device is needed.

The leading hardware wallet providers are Trezor and Ledger Nano. Both are decentralized, as neither provider has access to the device’s private keys.

However, do remember that users will need to provide some personal and financial information when buying a hardware wallet online.

Tutorial on How to Use a Decentralized Crypto Wallet

Before wrapping up this guide, let’s go over the steps to download and start using a decentralized crypto wallet. Our recommended choice is Best Wallet, a user-friendly, free mobile app available on iOS and Android.

Follow these simple steps to set up Best Wallet and begin managing your crypto today:

Step 1: Download the Best Wallet App

Head to the Google Play Store or Apple App Store, search for Best Wallet, and download the app. The installation is quick and completely free.

Step 2: Create an Account

Open the app and enter a username and password to set up your account. This step is essential for securely accessing your wallet.

Step 3: Secure Your Wallet

The app will prompt you to back up your mnemonic phrase (12 words). This phrase is crucial for restoring your account, so store it securely and never share it. It’ll also require you to select a passcode and set up 2FA and/or biometric authentication (fingerprint login) for added security.

Step 4: Start Using Best Wallet

Once set up, you can now send, receive, and manage your crypto assets directly from the Best Wallet app.

Conclusion

Choosing the right decentralized wallet is essential for maintaining full control over your crypto assets. Unlike centralized options, decentralized wallets give you sole ownership of your private keys, eliminating third-party risks like exchange hacks, regulatory seizures, and account freezes.

However, each wallet offers different security measures, blockchain support, and user experiences, making research crucial before selecting one. Security, backup options, and ease of use should be top priorities when selecting a wallet. Based on those factors, we recommend Best Wallet as the top decentralized wallet due to its non-custodial build, integrated DEX, and advanced security features.

However, regardless of the wallet you choose, you should always follow best security practices, including safely storing your seed phrase and avoiding phishing attacks. Crypto security is ultimately your responsibility when utilizing DeFi wallets — choosing a secure wallet is only the first step.

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