Are you a Solana investor or even an intending one? You have made a great choice, because Solana is currently one of the top-performing crypto assets.
It has often been referred to as the Ethereum killer, and for good reason. Ethereum has been recognized for years as the top platform for smart contract development, but Solana came later and is offering a better option.
For instance, Ethereum is notorious for its outrageous fees at times of high network activity. This has since made developers and general users seek a platform with better performance, and Solana came through.
Its network was designed for high throughput and low transaction fees while offering high-speed transactions as well. Solana also offers other things that Ethereum supports, such as non-fungible tokens (NFTs), decentralized applications and the others.
Now because of its better performance, developers are moving their projects to this network, which means it’s only a matter of time before the native token, SOL, begins to grow in value. If you buy the token, you’ll need a reliable wallet to hold them, and here are the best you can use.
Phantom is a browser extension wallet that runs on the Solana blockchain. This alone makes it a perfect one for holding your SOL.You can also use it to stake tokens for earning passive income.
As a browser wallet, there are no complexities in setting it up. All you have to do is install it from the right website and set it up. You can then use it to buy, send, and receive NFTs. The browser extension wallet can also be used as a mobile app, which can be synchronized to the computer.
The wallet is suitable for use by anyone because of the simple user interface. Staking with it is easy, and you can easily manage it yourself, even though it is non-custodial.
Ledger Nano S
You may have heard that cold wallets are the best when it comes to securing your digital assets. Well, it’s true, and one of the best cold wallets is the Ledger nano S. this is one of several wallets made by security company Ledger.
You can use it to hold your Solana in cold storage 100% offline. The hardware also serves as a place for securing your recovery seed phrase. If you’re also up for buying multiple assets, this wallet is with you because it supports several other blockchains.
The only downside is that it isn’t free. You’ll have to pay for it, unlike the other wallets on this list. However the fee you pay for the wallet is worth every penny because of the security you’ll enjoy.
Solflare is another wallet that runs on the Solana blockchain. This makes it another excellent option for holding Solana. It is solely used for SOL and other tokens based on the Solana blockchain.
Being a non-custodial wallet, you have full control of the wallet, and you can access it on different platforms, including web and mobile. It also supports hardware wallets like Ledger Nano S, so you can use it alongside hardware wallets.
Exodus is a good, beginner-friendly web3 wallet that you can access on your laptop and as a mobile phone. It is also a non-custodial wallet that gives users complete control of their portfolio.
The wallet supports several other blockchains other than Solana, giving users access to a wide range of crypto assets. With its easy-to-use interface, anyone can use it to manage his or her portfolio.
Math Wallet is a highly rated wallet in terms of security. It is therefore a reliable wallet to use for your SOL stash.
It is also a wallet known for supporting decentralized applications, with several tools that can be used to simplify the development of games, exchanges, and other dApps.
Apart from solana, the wallet also supports Bitcoin, Ethereum, Polkadot, and Cosmos. It is also a multi-platform wallet you can use to earn rewards from staking.