If you are a crypto user, you must be familiar with wallets. Wallets allow users to store assets and manage funds along with interacting with the underlying blockchain network. Wallets are non-custodial in nature which means Your Key, Your Ownership. With wallets, users have complete control over their private keys. They can recover their assets again if they have safely stored their wallet’s private keys.
Keeping funds in any centralized exchange is risky as they are prone to hacks. A few examples include the first and the most famous attack on Mt. Gox in 2011 and the recent KuCoin exchange hack in 2020. The Crypto industry has witnessed several such incidents. Due to this issue, users are reluctant to store their hard-earned assets in CEXs.
Wallets (software/hardware) on the other hand provide the utmost security as they let the user hold his keys. And due to this feature, it has become popular among crypto users.
Table of Contents
What Is A Wallet?
Basic Features That A Wallet Should Support
3 Best Browser Extension Wallets
Coin98 Wallet
Nami Wallet
Phantom Wallet
What Is A Wallet?
Wallets are applications that allow users to interact with the network and store funds. Users can easily download it on their mobile phone (iOS, Android), or desktop, or add it to their browser extension. The entire installation and setup process is pretty simple.
Talking about browser extensions, are plugins that can be easily installed for browsers like Google Chrome, Firefox, Brave, Edge, etc.
Important: Before installing any browser extension, check for its authenticity. You can do it by looking at the number of downloads.
Basic Features That A Wallet Should Support
There are a few basic things that each crypto user looks at in a wallet before using it. We have chosen these wallets based on the important criteria:
Simple and understandable UI
Basic features (send, receive) should be supported
Support to multiple networks
Safety and Security
Asset Management
Support to the hardware wallet
3 Best Browser Extension Wallets
Metamask is by far the most famous browser extension wallet that allows you to connect with numerous networks. It is available for Chrome, Firefox, Edge, and Brave. There is no doubt that it will be the first choice in any format. However, we will discuss other browser extension wallets that are full of features and can help you in carrying out day-to-day trading activities smoothly.
Here is the list:
Coin98 Wallet
Coin98 is a non-custodial, Chrome browser extension wallet that allows users to store, send, and receive crypto assets. The wallet supports many major networks like Ethereum, Binance Smart Chain, Near, Celo, Kava, Solana, Polkadot, Kusama, Avalanche C-Chain, HECO Chain, etc.
Features:
Support to a huge number of networks. The latest version support 50+ blockchains.
Attractive UI
Support to countless coins/tokens
Store, send, and receive NFTs
Multi-Sent option
Token Swap (support to multiple DEX to choose for swapping)
Optimized gas fee engine
You can check our guide on how to install, set up, and use the Coin98 wallet here.
Nami Wallet
Nami is a browser extension wallet for the Cardano blockchain. The wallet application currently supports Google Chrome, Brave, and Edge browsers. The application can be used to send and store assets, delegate, mint tokens, use multi-sigs, and much more.
Features:
Simple UI
Support only Cardano
ADA Delegation
Support to hardware device
Store, send, and receive NFTs
Read our guide here to install and set up Nami wallet.
Phantom Wallet
Phantom is a browser extension wallet for the Solana network. Users can use the wallet application to deposit, transfer, stake, and swap assets on the Solana blockchain. The wallet application currently supports Google Chrome, Brave, Firefox, and Edge browsers.
Features:
Simple and easy UI
Support only Solana network
Support to Ledger device
Store, send, and receive NFTs
Token swap
SOL Staking
Planning to support Ethereum and other blockchains shortly
