Which Solana Wallet is the Best: Complete Guide
If you are looking for the best wallet for Solana, this is the complete guide for you.
Int5his article, I will show you the best Solana wallets of 2022 that you can use to store your tokens and nfts as well.
To buy the nfts that are built on the Solana blockchain, you need to have one of these wallets:
- Sollet allet
- Phantom wallet
The Solana blockchain is considered to be the main competitor of the Ethereum blockchain.
Also, some experts say it can beat the Ethereum coin as well in terms of value.
What Is Solana Blockchain?
Solana is the native token of the Solana blockchain. Which is designed to host decentralized scalable applications.
Anatoly Yekavenko founded the Solana blockchain in 2017 and is now run by the Solana foundation based in geneva.
The Solana blockchain gained popularity due to its speed of transaction and the low fees it requires for the transaction.
What Is Solana Coin/Token?
Solana coin or token is the native token of the Solana blockchain. It is the 9th largest cryptocurrency in terms of market capitalization.
In 2021, it soared almost 12000% and reached a market cap of $66 Billion at a time.
However, 2022 was not a good year for almost all cryptocurrencies. And Solana also didn’t escape that bloodbath and it has now a market cap of $11 Billion.
What Are Solana Wallets?
The answer is:
Solana wallets are used to easily store, send, receive, swap tokens and collect NFTs on the Solana blockchain.
There is nothing different between Solana and other crypto wallets like Metamask and trust wallet. As they all are used to store, send, and receive cryptocurrencies.
However, the Solana wallets are specially designed to store and swap tokens and nFTs which are built on the Solana blockchain.
If you want to be able to buy, and mint your own Solana NFTs on the Solana blockchain using any of the Solana NFT marketplaces, you will need to have a different crypto wallet than Metamask.
And it requires you to manually add the Solana network to the Metamask.
That is the reason you need a Solana wallet.
Which Solana Wallet Is The Best?
The best Solana wallets are:
To choose one of them, and the best on the list, a Phantom wallet is the no.1 Solana blockchain wallet.
1- Phantom Wallet- Best Solana Wallet
The phantom wallet is the best Solana wallet available. It was founded in March 2021 by computer scientists Brandon Millman and Chris Kalani.
They aimed to build the most user-friendly cryptocurrency wallet in the world. From the start of this wallet, the project raised $9M from various crypto venture capitalists shortly.
When launched, it was available as a browser extension. It supports all famous browsers such as :
- Google Chrome
- Mozilla Firefox
- Microsoft Edge
It has now a growing number of Defi apps and has reached the milestone of 2 million downloads. Making it the second most downloaded browser extension wallet in cryptocurrency by user count.
However, it is now available to download on Android and IOS as well. You can think of a Phantom wallet as the Metamask of the Solana blockchain.
It is used to store, send, receive, and swap tokens and NFTs on the Solana blockchain.
YOu can use all your favorite Solana apps on this wallet.
How To Download Phantom Wallet
Downloading Phantom wallet is super easy. If you have one of these browsers ( must have ) then you are 1 step away.
First, go to the official website of phantom wallet. You will find a ‘Download’ button, just click on it to add it to your browser.
If you are using android, or IOS, then go to the Google Play Store or Apple App Store if you are an iPhone user.
Type ‘Phantom wallet’ to find it. Next, click on download to finish the installation.
2- Solflare- No.2 On The List
Solflare is another popular Solana wallet. It was one of the first movers in the Solana blockchain as it was the first ever wallet built on the Solana blockchain.
Solflare is also a safe way to buy, store, swap tokens & NFTs, and access Solana Defi from the web or mobile.
It is also a user-friendly Solana wallet for users to manage their Solana tokens and NFTs on the blockchain.
You can use Solflare to connect to all the Solana dapps and NFT marketplaces.
Solflare allows you to manage your cryptocurrencies, it is one of the best wallets to manage your NFTs as well.
YOu can use Solflare to store NFTs, floor prices, set an NFT profile picture, and more.
How To Download Solflare Wallet
You can download Solflare in multiple ways.
If you are using Chrome, you can download it as a Chrome browser extension.
To download Solflare, go to the official website of the Solflare wallet
There you will find a big ‘download’ button that will allow you to download the wallet extension on your browser.
However, if you are using Android or Ios, you can still download it from their website.
Scroll down the homepage to find the ‘download’ button for Android and IOS.
The phantom wallet is the best Solana wallet for users. IT user interface is simple, easy to use, and beginner friendly. It also allows you to add their networks and their token to your wallet.
I recommend it as the first choice because of its unique features and a growing number of dapps.