Since launching in 2020, Solana (SOL) has quickly established itself as one of the most popular cryptocurrency platforms due to its low fees and quick transactions.
It is one of the largest cryptocurrencies by market capitalisation (second only to Ethereum amongst smart contract platforms) and has become the unofficial home of meme coins.
To help you better manage your SOL and navigate the Solana ecosystem, we've researched dozens of wallets to find those that are best for Solana.
This includes the best Solana software and hardware wallet, the best for beginners and the best value wallet.
Our selection of the best Solana wallets is based on our custom methodology and is updated by our editorial team throughout the year based on hands-on experience and changes in the market.
"Best for" picks are those we've evaluated to be best for certain product features or categories. If we show a "Promoted" pick, it's been chosen from among our commercial partners based on factors that include special features or offers and the commission we receive.
Keep in mind that these picks are suggestions and that the best Solana wallet for you will depend on your individual needs. There are other wallets on the market not included in our picks.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
The Ledger Nano X is an all-round great hardware wallet, with native support for Solana and many other crypto networks. It's compatible with both desktop and mobile devices, with bluetooth capabilities and a convenient, sturdy design.
Through its Ledger Live app you can manage your SOL and Solana-based tokens, stake SOL and trade securely without having to use a hot wallet.
The Coinbase Wallet features the same easy-to-use design of the Coinbase exchange without requiring you to create a Coinbase account.
It is available as a mobile app for both iOS and Android, as well as a browser extension, and supports many blockchains beyond Solana, including Ethereum.
Alongside Phantom, Solflare is one of the most popular Solana software wallets. It has all the bells and whistles of a fully-featured software wallet like swaps, staking, NFTs and more.
It even offers convenient in-app crypto purchases (through Banxa) with more than 200 payment methods including Google Pay, Apple Pay and PayID.
Pros
Supports variety of browsers and devices
Simple set-up and use
In-app crypto purchases
Cons
Solana only
5. Ledger Nano S Plus – Best value Solana wallet
The Ledger Nano S Plus is the best value hardware wallet that supports Solana, retailing for a very competitive $US79.
Like other Ledger models, it's compatible with Ledger Live, which offers lots of native functionality, including staking, swaps, NFTs and more.
It's arguably the best value-for-money hardware wallet on the market.
Pros
One of the most affordable hardware wallets available
Supports 5,500 tokens
Highly secure
CC EAL 5+ rating
Cons
Not Bluetooth enabled
No iOS support
Compare more Solana wallets
Prices are subject to change and should be used as a general guide only
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How do I pick a Solana wallet?
There are two main types of Solana wallet - software wallets (also known as hot wallets) and hardware wallets (also known as cold wallets).
The main advantage of a software wallet is that it can be installed on your mobile, desktop or browser extension and lets you interact directly with other crypto programs, like decentralised exchanges and staking platforms.
Phantom, Solflare and Coinbase Wallet are examples of Solana software wallets.
However, what software wallets offer in convenience they may lack in security compared to a hardware wallet.
Hardware wallets are physical devices that store the keys to your cryptocurrency offline, making it much less susceptible to hacks or other security risks.
Many crypto enthusiasts use a combination of software and hardware wallets to use and store their coins.
Methodology
To evaluate our 2025 picks for the best Solana wallets, we compared software and hardware wallets on a range of criteria, including the following:
Ease of use. Is it user-friendly and appropriate for new users?
Security. Does it offer non-custodial or offline cold storage for added security?
Cost. Is it a free software wallet? For hardware wallets, does it represent good value? Are there any hidden fees for using it?
Extra features. Does it support NFTs or offer additional features such as staking or in-wallet purchases?
Mobile accessibility. Can you manage your portfolio from a mobile device?
Frequently asked questions
Phantom is our pick for the best Solana software wallet due its user-friendliness and mutli-chain support. Our pick for best Solana hardware wallet is the Ledger Nano X because of its native support for Solana in the Ledger Live app.
We believe Phantom is the more user-friendly and accessible Solana wallet, while Solflare is good for NFT support.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Tom Stelzer is a journalist with 6 years of experience covering personal finance, specialising in investment and cryptocurrency. With a Master of Media Arts and Production and a Bachelor of Communications in Journalism from the University of Technology Sydney, Tom provides expert analysis on digital assets and market trends, helping readers navigate the fast-evolving world of finance. See full bio
Compare the security, features and capabilities of some of the best crypto hardware wallets on the market.
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