Polkadot (DOT) is one of the top 20 cryptocurrencies by market cap, and one of the best performing crypto assets historically.
This has attracted many investors to the native token. DOT, which is now commonly added to investors’ portfolios. If you’re reading this guide, chances are that you’re considering investing in this crypto asset, either for the long or short term.
If that’s the case, you need to have a good wallet to be able to invest and effectively manage your portfolio. There are several options to choose from, but not all options are suitable. To help you make the best choice, we have come up with this list of wallets that you can easily use to manage your DOT investment.
Trust Wallet
Trust Wallet is a household name when it comes to software wallets. It is a multi-currency wallet supporting millions of crypto assets across different blockchains. Users of Trust Wallet can seamlessly manage their own crypto portfolio and maintain control of their private keys because it is a non-custodial wallet.
You can also use the wallet to stake tokens and earn staking rewards, as well as buy and trade non-fungible tokens (NFTs). This makes Trust wallet a true web3 wallet that can be used to access everything that the web3 ecosystem has to offer.
If you have hardware wallets like Ledger, you can also use them with Trust wallet to access your portfolio on such hardware wallets.
Exodus Wallet
Exodus is an easy wallet to use for both experienced and beginner crypto users. The wallet is non-custodial, allowing you to manage your own private keys and your portfolio and enjoy greater security.
The wallet is available as a desktop wallet when used with a hardware wallet, and also as a mobile app for both Android and iOS devices. You can use it to buy and hold NFTs, as well as stake your tokens to earn staking rewards.
Exodus also supports hundreds of crypto assets, making it possible to easily swap tokens within the wallet as you wish. What’s more? The wallet supports top hardware wallets including Ledger, Trezor, and the others.
Ledger Nano X
Ledger Nano X is the most advanced of the Ledger hardware wallets. This is because it has support for Bluetooth, making it possible to access the hardware via a mobile phone. Also like the other Ledger wallets, it supports over 5,000 other crypto assets, allowing easy swapping of assets.
Ledger also supports NFTs and crypto staking through the Ledger Live App. As a hardware wallet, Ledger Nano X provides cold storage for your crypto portfolio. This gives it more protection than what software wallets can offer.
Of course you get to maintain control of your private keys, which are held securely on the device itself and never allowed to be accessed by unauthorized persons.
Pokawallet
This is a mobile wallet built specifically for the Pokadot ecosystem. It gives you full access to the Polkadot ecosystem and enhances the seamless management of your portfolio. With it, you can move between para chains, transfer via QR code, enjoy offline signatures for enhanced security, and access real-time on-chain data.
The wallet doesn’t only allow staking but also helps you pick the best validators to use. You can also use it to view governance proposals, take a vote, create proposals, select council members, participate in discussions and many other DOT-related activities.
Atomic Wallet
Atomic wallet is a great choice among crypto users looking for DOT and other altcoins. It supports over 500 assets currently, and is non-custodial, meaning you get to manage your portfolio and private keys.
The wallet has a user interface that is easy to use, allowing all kinds of people to use it.it also provides support for hardware wallets, so that you can use it to access your portfolio on such wallets as well.
It is available for desktop as well as Android and iOS mobile devices, and you can use it to stake assets and earn rewards as well.
