Most Popular Non-Custodial Crypto Wallets: The Complete List

Ledger remains one of the most secure options for cryptocurrency storage, keeping your valuable assets out of the reach of online attacks. Its commitment to security and privacy makes it ideal for users seeking peace of mind. However, the initial investment and the need for basic technical knowledge best non custodial wallets are important considerations.

Is Coinbase Wallet a Non-Custodial Wallet?

If you store your https://www.xcritical.com/ cryptocurrencies on a noncustodial cold wallet, you are protected if the crypto wallet company goes bankrupt. You still possess the keys and can transfer your cryptocurrencies to another wallet. If you use a hot wallet connected to the internet, it could still be exposed to hackers.

Why custodial wallets are popular

Unlike MM, however, the Coinbase Wallet extension also supports Solana and SPL tokens. The wallet was launched in 2018 and has become widely recognized as one of the most easy-to-use self-custody solutions in the market. In July 2018, Trust Wallet was purchased by the leading cryptocurrency exchange, Binance.

What crypto wallet should I use?

• To access your funding and corresponding details, it is a must to login into your Custodial wallet and make a request to centralized authority.
• It offers a clean and intuitive interface that makes it easy to send, receive, and track your cryptocurrencies.
• Custodial wallet providers are popular as they have good UI, but their numbers are still low because users demand more control over their crypto wallets.
• When someone sends bitcoin, ether, dogecoin or any other type of digital currency to your crypto wallet, you aren’t actually transferring any coins.
• You also potentially compromise your private key each time you unlock your wallet for use.

All of these are entirely subjective and depend on the user’s preferences, as well as technical background. As the name suggests, Coinbase Wallet was created by the leading US-based cryptocurrency exchange Coinbase and has grown to become a preferred wallet for a range of reasons. Users can interact with various decentralized applications on the number of supported blockchains, ranging from lending protocols to non-fungible token marketplaces and much more. Atomic Wallet is also a well-known non-custodial solution for those seeking to store their funds on-chain. It supports multiple networks, including Ethereum, Solana, the BNB Chain, Polygon, Fantom, and Avalanche.

List of Software Non Custodial Wallets

It lacks support for popular cryptocurrencies like Bitcoin, XRP, Solana, and Cardano. Also, while it does support other networks, you’ll have to add them manually. You’ll typically need to install software to set up the wallet, too. You can typically purchase a hardware wallet for between $50 and $150, although there are some higher-priced options, too. For each ranking, the sum of weighted values across all or some of these key factors was calculated to award each crypto wallet an overall rank. Whatever the vicissitudes of the crypto market, investors remain committed to bitcoin as both a buy-and-hold asset and as a means of transaction.

The best non-custodial wallet for buying, storing, swapping and spending crypto

It has gained immense popularity, particularly during the DeFi boom in 2020. Moreover, you can access and manage your wallet using their Ledger Live app on the go. Hot wallets are generally regarded as software solutions that don’t come with supporting hardware. As the crypto-verse flourishes, the choice of a wallet goes beyond mere safekeeping of assets.

How to Choose a Custodial Wallet?

Funds are also not stored on the platform as exchanges are performed wallet-to-wallet, and there are no extra or hidden fees on top of what users are shown at the time of the swap. There is no maximum number of swaps that users can conduct on the platform, and transactions take less than 15 minutes to be filled. ChangeNow also has its token (NOW) that users can use to cover fees on the platform. These non-custodial exchanges can also often provide users with the best prices and save on costly fees (more on that later).

Its integration with leading DeFi services and focus on ease of use make it attractive to users looking for a more secure and less technical experience. However, its limitation to the Ethereum network may be a restrictive factor for some. StealthEX was founded in 2018 and has a long, successful track record serving the community with non-custodial exchange services. Right from the start, StealthEX has placed a strong emphasis on privacy and anonymity, so the use of the platforms does not require registration or KYC, nor do they keep any personal data.

Top 5 best non custodial wallet for Crypto in 2024

In addition, Coinbase Wallet supports a variety of ETH Layer-2 solutions including Arbitrum, Avalanche C-Chain, Binance Smart Chain, Optimism, and Polygon. The wallet does come with high compliance features such as KYC rules due to the company’s policies. Just like Metamask, it isn’t the safest alternative out that because your crypto is online.

MEW is also available as a mobile application, offering flexibility to users. It ensures privacy and security while allowing users to interact with dApps on Ethereum and 14 other EVM-compatible ecosystems. Trust Wallet was acquired by Binance, a leading cryptocurrency exchange, in July 2018. However, their stripped-back and simple UI make it a favorite, with many that operate primarily inside the blockchain ecosystems its supports. To start with Phantom Wallet, you can download the Wallet extension from the official website. After installing the extension, you can create a new wallet and store your private keys.

It enables the wallet to sign transactions and messages on behalf of the user. The wallet’s operation begins when you create an account, initiating the generation of a unique cryptographic private key. In its unencrypted state, the wallet client can directly access this key, the interface that enables you to interact with your on-chain account. MEW also offers cross-chain swap capabilities, allowing users to exchange between Ether and Bitcoin, Litecoin, or Dogecoin. It collaborates with decentralized exchange aggregators like 1inch to provide competitive swap rates.

Supporting over 130 different cryptocurrencies, including BTC, ETH, BNB, SOL, and DOGE, Exodus ensures broad compatibility. It also allows users to earn a percentage of the profit when making crypto-to-crypto purchases, further enhancing its appeal. Each has its favorable use cases and may be useful depending on your intention of managing your data and funds.

Cold wallets, unlike hot wallets, are typically hardware solutions that don’t have to stay connected to the internet at all times. It operates independently of its parent company in a way that it doesn’t require any sort of registration, KYC, or a Coinbase account. Coinomi has tight security features as well and is available to a wide range of users from multiple operating systems and devices, including Android, iOS, Windows, macOS, and Linux. The prime feature of Electrum and what makes it different compared to other non-custodial wallets is its strict focus on Bitcoin.

Non-custodial wallets, also known as self-custody wallets, allow users to take full ownership of their assets. Non-custodial wallets are quintessential apparatuses in the modern-day cryptographic financial landscape. They embody the ethos of decentralization envisaged by Satoshi Nakamoto, placing the onus of asset security squarely on the individual. At Paybis, we wanted to provide a solution that provides the convenience on custodial solution and offers a level of asset control and security comparable to non-custodial wallets.

While new users will probably be thinking, “yes, of course,” they will never know the years of cross-network pain endured by early adopters. Launched in 2018, it has gained recognition as one of the most user-friendly self-custody solutions. Coinbase Wallet supports Ethereum and all EVM-compatible blockchains, making it comparable to MetaMask. MetaMask is a veteran in the browser extensions’ wallet field, launched in 2016 by ConsenSys, a market-leading blockchain technology company.

Get the support with financial, team hiring, tax, sales legal support, and IP protection matters. Finally, check the exchange or platform’s compliance with your jurisdiction. For instance, look for licenses and registrations like FIU for India, FCA for the UK, FinCEN for the USA, FINTRAC for Canada, etc. Get the basics of how cryptocurrencies are taxed and what it means for you. Sending bitcoin is as easy as choosing the amount to send and deciding where it goes. Passionate about financial literacy and inclusion, she has a decade of experience as a freelance journalist covering policy, financial news, real estate and investing.

It also extends support to EVM-compatible chains like Avalanche and Polygon. If you’re into stablecoins, you’ll be pleased to know that favorites like USDT, DAI, and USDC are all supported. MetaMask is a type of “hot wallet,” meaning it’s always connected to the internet. Like any self-respecting non-custodial wallet, MetaMask is secured by a password or PIN.

In addition to its visual appeal and intuitive interface, the wallet also features a growing number of apps that diversify its functionality. These include apps for live charts, crypto staking and crypto deposits. Creating a non-Custodial crypto wallet is an extensive and complicated process. So, it is advisable to consult with a reputed Blockchain development company for developing it.

However, it is crucial to acknowledge that this independence comes with inherent risks and challenges. If you lose your private keys, you also lose access to your funds, with no recourse from the crypto wallet provider. OKX Wallet is a leading self-custody wallet that empowers users to securely take control of their crypto, NFTs, and digital assets all in one place.