The Best DeFi Wallets in 2025: Your Gateway to Decentralized Finance

DeFi is rapidly becoming the future of finance, and finding a compatible wallet is a must if you don’t want to get left behind. However, with numerous options available, finding the best DeFi wallet in 2025 can be a daunting task.

Any reliable solution should offer the basics: security, speed, broad asset support, and access to the latest decentralized applications (dApps). This combination of features will help you safely manage your crypto and interact with Web3.

Still, whether you are a first-time crypto user or an experienced investor, researching all the options and picking the best wallet for you can be perplexing and time-consuming.

To make your search easier, we reviewed some of the top DeFi wallets, including Best Wallet, Zengo, and Cypherock, looking at their security and utility. We’ve also put together some tips on safely navigating the decentralized finance wallet landscape.

What Is a DeFi Wallet and Why Use One?

Decentralized finance (DeFi) is a framework that uses blockchain technology to offer financial services without relying on banks or intermediaries.

A DeFi wallet is your gateway into that crypto world, allowing you to lend, receive, trade, store, earn interest, and interact with decentralized applications (dApps). dApps are similar to the applications you use to access services on your phone, except they are built on blockchains.

Through dApps, you can carry out a multitude of financial activities, including the following:

• 🎯 Stake: Earn rewards by locking your tokens for a set period of time (a bit like earning interest on your savings).
• 👥 Trade: Swap tokens directly from your wallet through integrated decentralized exchanges (DEXs) like Uniswap, PancakeSwap, or SushiSwap.
• 📝 Manage: Buy, sell, or store non-fungible tokens (NFTs) through marketplaces.
• 🏦 Govern: Participate in decentralized autonomous organization (DAO) voting for DeFi protocols.

Unlike traditional wallets that store cash or cards, a DeFi wallet stores two cryptographic keys: a private key and a public key.

DeFi wallets are non-custodial, meaning you control these keys (and hence your funds), not a third party like a bank or an exchange.

Most DeFi wallets use security mechanisms like encrypted private keys, seed phrase backups, multi-factor authentication (MFA), and other layers of protection to safeguard your assets. These measures are essential in a largely unregulated and scam-prone space like the crypto ecosystem.

Hot Wallets vs Cold Wallets

Hot wallets (also sometimes called software wallets) require an internet connection to operate. They’re convenient and user-friendly, especially for quick access, trading on the go, and interacting with dApps. However, their online connection means they’re more vulnerable to cyber threats. Some of the most popular hot wallets include Zengo, Best Wallet, and Kraken.

Cold wallets, on the other hand, work offline. These wallets store your crypto keys physically, disconnected from any network. They offer greater protection from online hacks and malware, albeit at the expense of immediate accessibility for frequent or on-the-go transactions.

Some of the renowned players in the cold wallet market include Ledger and Cypherock.

Non-Custodial vs Custodial Wallets

DeFi wallets can be either hot or cold, but they’re always non-custodial, meaning you have complete control over your crypto without third-party oversight.

Non-custodial wallets store your keys, which grant you full control over your assets. You are the only one who can send or withdraw crypto using your wallet. Examples of non-custodial wallets include Best Wallet and Tangem.

On the other hand, custodial wallets operate through centralized authorities like crypto exchanges. Binance and Coinbase, for example, manage custodial wallets.

These platforms store your private keys and can freeze your funds, usually for anti-money laundering (AML) compliance purposes. These wallets are beginner-friendly but don’t offer much freedom or support for decentralization.

Essential Features of a Top DeFi Wallet in 2025

DeFi wallets offer crypto holders a myriad of features. However, there are a few non-negotiable essentials that you must first look for in a wallet:

• 🌐 Extensive multichain support: To expand your portfolio without needing multiple providers, look for multichain support so you can access tokens and dApps across major networks, including Ethereum, BNB Chain, and Polygon.
• 🧩 dApp integration & WalletConnect compatibility: Ensure the wallet has built-in dApps and that it connects to external platforms to interact with DeFi platforms, NFT marketplaces, and Web3 tools directly.
• 🌾 Staking & yield farming integration: This feature allows you to earn passive income through in-app staking and liquidity protocols. It can help you maximize your returns even without active trading.
• 🔐 Strong security features: Wallets today come with a variety of built-in security features like biometric login, multi-factor authentication (MFA), and multi-party computation (MPC). These features are essential to safeguard your funds from theft and online hackers.
• 🙋‍♂️ Intuitive design and user-friendly experience: If you’re a beginner navigating your way through crypto, you want a wallet with a clean interface. For that matter, even power users appreciate streamlined navigation while trading.
• 🔄 Built-in swaps & DEX aggregation: A well-designed wallet should allow you to swap tokens easily at the best available rates. Wallets with built-in DEX tools allow you to do this without leaving the app.

Together, these core features make for a secure, user-centric, and powerful DeFi wallet.

Best DeFi Wallets for 2025 – Our Recommendations Reviewed

Now that we’ve had a sneak peek at the key features that define a great DeFi wallet, let’s have a detailed look at how today’s popular options stack up.

1. Best Wallet – Multichain Self-Custody Wallet With In-App Staking and MPC Security

Whether you are actively trading across networks or just staking, Best Wallet delivers everything you need. It has an intuitive interface, multi-chain support, DeFi integrations, and secure non-custodial key management – all in one package.

This all-in-one wallet is built for the modern Web3 user, offering everything from decentralized Ethereum staking to meme coin swapping and advanced security with no seed phrases to lose.

Safety-wise, Best Wallet uses built-in MPC technology, which eliminates the vulnerability of a traditional single seed phrase. MPC splits your private key into multiple encrypted shares, which are stored across separate servers, thereby preventing single points of failure and reducing the risk of data leaks and hacks. It allows secure and flexible recovery, even if one part is compromised.

But security isn’t the only reason why Best Wallet earns our #1 spot. It’s also extremely versatile, covering multiple networks like Bitcoin, Ethereum, BSC, Base, and Polygon, and is Web3 compatible.

The app’s creators aim to expand this multichain support to over 60 networks in Phase 2. The ambitious roadmap suggests Best Wallet may become one of the most comprehensive multichain wallets available.

Best Wallet also has built-in Ethereum staking via third-party dApp integrations like Lido and Rocket Pool. This one-tap staking means you don’t have to worry about extra logins or external browser extensions.

While you can use the app to browse and connect to NFT marketplaces, you cannot hold or display NFTs directly in the wallet. Best Wallet is still new to the crypto space, but it’s actively developing such features along with advanced DeFi features like trading orders.

Its $14.2M $BEST token presale highlights early backing, providing solid funding for its roadmap, and indicating growing market confidence in the project’s long-term vision.

Best Wallet’s user-friendly interface, growing multichain support, and MPC-based security mechanism make it one of the top crypto wallets of 2025. It already allows users to create multiple wallets, making it easy to manage multiple assets, especially for beginners.

➡️ Learn more: What is Best Wallet Token? Is $BEST Trustworthy? Here’s a Complete Guide to This Presale

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2. Zengo Wallet – Seedless Security With MPC Technology & Comprehensive Mobile Features

Zengo is a non-custodial mobile wallet that, like Best Wallet, uses MPC to split and encrypt your private key across different servers. This eliminates the need for seed phrases and makes for a more secure and user-friendly crypto experience for both first-time and experienced crypto users.

Beyond MPC, Zengo enhances security with email verification, facial biometrics, and encrypted cloud recovery files. This multi-layered approach means you can still restore your wallet even if you lose your phone, without the risk of trying to remember or writing down sensitive keys.

Zengo provides multichain support, including essential networks like Ethereum, Polygon, Bitcoin, Tezos, and BNB Chain, allowing you to send, receive, and hold hundreds of tokens. You can also stake Ethereum and Tezos directly in the wallet.

The app also includes integrated token swaps, user-friendly portfolio management, and a fiat onramp where you can buy crypto with a debit or credit card.

Although not directly supported in the app, Zengo’s WalletConnect compatibility allows you to seamlessly interact with popular DeFi platforms like Uniswap, Aave, and Venus for lending, borrowing, or trading.

Zengo also supports NFTs on Ethereum and Polygon, allowing you to browse and connect to NFT marketplaces, as well as place bids, store, or receive NFTs.

Overall, Zengo is an excellent choice for users looking for a basic multichain wallet with top-notch security and NFT support.

➡️ Learn more: Zengo Wallet Review 2025 | Is This Keyless Crypto Wallet Worth It?

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3. Cypherock – Shard-Based, Cold Wallet With NFC & EAL6+ Security

Cypherock is a hardware wallet with cutting-edge security. It uses Shamir’s Secret Sharing mechanism, a cryptographic method that securely splits your private key into multiple parts, often called ‘shards’ or ‘shares.’

Cypherock distributes these parts across a vault and four cards so that no single wallet component holds your entire key. The cards are entirely offline and rely on near field communication (NFC) to sign transactions, meaning your key is never exposed to online platforms. This significantly reduces the risk of data theft; just tap one card on the vault and you’re good to go.

The cards also act as a backup system. You can access your wallet even if you lose up to three components – a security mechanism that eliminates the need for a recovery phrase.

The wallet’s vault has a user-friendly OLED display and a joystick, so you can also operate it without an interface. The CyLock proof-of-work PIN system locks the wallet for longer and longer periods of time after each successive incorrect PIN entry attempt. This protects your wallet from brute-force attacks.

The vault’s code is also open-source, and it has been publicly audited by Keylabs. The audit reported no critical flaws or vulnerabilities.

On the hardware front, the Cypherock X1 Vault and cards are built with EAL6+ secure elements – the same chip technology used in banks’ credit cards. They also feature ultrasonic welding to prevent tampering, ensuring physical security..

Cypherock supports 18K+ assets, including $BTC, $ETH, $MATIC, and virtually all other ERC-20 and BEP-20 tokens.

Cypherock also allows you to create multiple wallets, allowing you to organize your assets for different purposes, such as having one for long-term crypto investments, one for meme coins, and a third for altcoins.

For HODLers, Cypherock supports liquid staking for top cryptos like $ETH and $SOL, with APYs varying on the protocol.

Although the initial setup might be complex for beginners who have never used a cold wallet, Cypherock is a sleek option available for long-term, security-focused holders who want fortress-level security and support for thousands of cryptocurrencies.

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4. Ledger – Industry-Leading Cold Wallet With 5.5K+ Assets and Staking

Ledger is a highly trusted name in hardware wallets, known for its industry-leading security. Its diverse product range, from the affordable Nano S Plus to the premium Stax, caters to different users’ needs while consistently delivering top-tier security and broad ecosystem compatibility.

One standout feature is the Clear Signing feature, available on the Ledger Stax and Flex models. It displays transaction details in plain, human-readable language instead of confusing code. This means you know exactly what you’re approving and prevents phishing attacks and mistaken transfers.

All Ledger devices also come equipped with EAL5+ or EAL6+ secure element chips, offering the same level of security used in banking cards. They also support thousands of crypto assets and NFTs through the Ledger Live app and WalletConnect.

The wallets also enable staking for $ETH, $SOL, $ADA, and other assets directly via Ledger Live. Typical APYs range from 4% to 7%, depending on the asset and validator.

The touchscreen models enhance transaction clarity, approval confidence and come with wireless and Bluetooth connectivity (available in Flex and Stax). Users can enjoy better peace of mind with the optional Ledger Recover backup.

Here’s a quick breakdown to help you choose the right Ledger for your needs:

• Ledger Stax ($279): Ledger’s flagship model comes with a sleek 3.7-inch curved E-Ink touchscreen, NFC, Bluetooth, and Qi wireless charging. It offers weeks of battery life and a premium UX.
• Ledger Flex ($199): A mid-range touchscreen model with a 2.84-inch E-ink display and Clear Signing. It offers the same core security as the Stax, but without wireless charging.
• Ledger Nano X ($149): Ledger’s compact, Bluetooth-enabled model – the Nano is ideal for those looking for a mobile crypto wallet with lots of storage.
• Ledger Nano S Plus ($79): The entry-level USB-only model that, despite lacking a touchscreen, includes all of Ledger’s essential security features.

Ledger remains the gold standard for non-custodial hardware wallets, thanks to its unmatched security and innovation across all devices. While Ledger’s premium wallets might be costly, their security features and long-term reliability make them worth the investment.

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5. Tangem Wallet – NFC-Based Seedless Cold Storage With 6K+ Assets in a Convenient Card Form

Tangem reimagines cold storage with seedless security. It completely eliminates seed phrases and generates private keys using the True Random Number Generator (TRNG) inside a secure chip.

You have the option of creating three backups (keys) upon setup – either three cards or one ring and two cards. If you lose one of the keys, the others still grant access, ensuring no complicated recovery process.

Tangem Wallet keeps all your cryptographic processes offline and needs no firmware updates. Its code and hardware have been independently audited by security firms Kudelski Security (2018) and Riscure (2023), both of which found no critical vulnerabilities.

Tangem supports all major cryptocurrencies and offers native staking for tokens with competitive APRs, for example, around 7.35% APY for $SOL.

The TRNG ensures your private key is never exposed, and the multi-card backup system distributes key access across multiple physical shards, preventing a single point of failure.

However, as it’s a mobile-only hardware wallet, you’ll need an NFC-enabled smartphone to use it. Backups are limited to three shards, which might be a drawback for some users. Despite these points, with support for over 6K assets, in-app swaps, and fiat on-ramp options, Tangem can be a smart pick for everyday crypto users.

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6. Ellipal Wallet – Air-Gapped, Tamper-Proof Cold Storage With QR-Code Transaction Signing

Ellipal is a 100% air-gapped non-custodial hardware wallet that offers the best offline security and physical resilience. Air-gapped technology doesn’t use Bluetooth, Wi-Fi, NFC, or USB connections. Instead, it signs transactions using encrypted QR codes, effectively eliminating all risks of remote hacking.

Ellipal is built entirely around the principle of zero online exposure and isolates your private keys inside a sealed, metal-clad, tamper-proof wallet. The firmware and transaction data are only transferred via a scanned QR or a one-way SD card input.

In addition to QR-code signing, Ellipal also features security mechanisms like EAL5+ certified shielding and a self-destruct mechanism that wipes keys if it detects tampering or physical intrusion. It also offers optional passphrases to hide alternate wallets.

Ellipal supports over 10K tokens across 50+ blockchains, including Bitcoin, Ethereum, Solana, and BNB Chain. You can track your portfolio, connect to dApps via WalletConnect, and swap tokens using integrated services like Changelly and SWFT through the Ellipal app.

While Ellipal is one of the top-rated hardware wallets with a 100% offline air-gapped design,  EAL5+ security, and a tamper-resistant metal body, it is a mobile-only wallet. This means you will need a smartphone with a camera or NFC to use Ellipal.

Plus, because token swaps are handled through third-party services, your assets temporarily leave cold storage, which may not suit users who prefer to keep their funds completely offline.

That said, its unique architecture and robust security features make it a fortress for long-term crypto storage.

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How We Chose the Best DeFi Wallets to Feature

We believe that choosing the right wallet can make or break a crypto holder’s experience in the DeFi world. Here are a few key factors we consider when evaluating the best DeFi wallets.

We thoroughly researched and tested every wallet firsthand to bring you accurate and reliable information.

How to Set Up a DeFi Crypto Wallet – Tutorial

Setting up a DeFi wallet is generally straightforward, although the steps can vary depending on the provider. Hot wallets are often simpler.

For first-time users, we recommend starting with Best Wallet due to its intuitive, safe, user-friendly non-custodial design. Perfect for beginners getting started in the DeFi space.

1. Download the app: Head to the official Best Wallet website and download the mobile app. Open the app and tap ‘Create Wallet.’ Then follow the in-app prompts to start the setup process.
2. Set up security features: This step is essential for your wallet’s security. The app will prompt you to choose a PIN, enable security features such as biometric login (fingerprint or Face ID), and create a recovery credentials backup.
3. Buy crypto: You can use the built-in fiat onramp to buy cryptocurrency directly within the app.
4. Connect to DeFi platforms: Use the built-in dApp browser to explore DeFi platforms. Use WalletConnect to seamlessly connect to decentralized applications like Uniswap, Aave, or NFT marketplaces directly from your wallet.

For more details on how the app works, check out our Best Wallet review.

Are DeFi Wallets Safe?

DeFi wallets are generally safe due to their non-custodial design, advanced security features, and encryption technology. They give you complete control over your crypto, significantly reducing third-party interference and associated risks.

However, it’s important to remember that the DeFi space has seen major security incidents, involving hacks (like the $160M Wintermute hack in 2022), malicious smart contracts, rug pulls, and phishing scams.

The best DeFi wallet providers will try to mitigate these risks using advanced security features like phishing alerts, transaction whitelisting, and dApp connection approvals to protect users.

For example, Ellipal’s air-gapped QR scanning system blocks remote access by preventing any connection to the internet. Best Wallet’s MPC technology eliminates seed phrase risks, and Ledger’s Clear Signing shows transaction details in easy-to-read language, preventing phishing traps.

How to Secure Your Wallet: Security Best Practices

You can never be too vigilant in the DeFi ecosystem. Here are a few tips to help you navigate the crypto space safely:

• Store your seed phrase offline in a secure location, away from digital vulnerabilities.
• Never share your private keys or passwords with anyone. Legitimate platforms will never ask for them.
• Always enable biometric login and MFA for additional security layers..
• Refrain from clicking on suspicious links and be aware of phishing websites. Always verify URLs before connecting your wallet or entering sensitive information.
• Only download apps from official sites and steer clear of providers that haven’t been independently audited. Check whether the wallet has ever been hacked or suffered from any other security breaches.
• For large funds or HODLing, use a cold wallet like Ledger or Cypherock to store your assets securely offline.
• Regularly check for and install updates to ensure you have the latest security patches to protect your funds from new threats.

Final Thoughts: Choosing the Best DeFi Wallet in 2025

In the ever-evolving world of DeFi, a wallet is more than just a tool – it is your key to engaging with and controlling your Web3 future. While DeFi wallets don’t promise financial freedom, they offer significantly more flexibility and transparency than traditional financial options.

Whether you’re looking for multichain access, seamless staking capabilities, or a user-friendly design, the right wallet can make all the difference. We conducted extensive research to ensure our list of the best DeFi wallets has something for everyone.

Our top pick, Best Wallet, stands out for its usability, built-in ETH staking, and multichain access. Alternatively, if you’re looking for extreme cold wallet security with extensive crypto asset support, Ledger may be a better option.

That said, always do your own research before committing to any wallet or platform. While the ecosystem offers incredible opportunities, there are also inherent risks. Prioritize your safety, assess your needs, and choose a wallet that best aligns with your crypto goals

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FAQs

1. What is the safest DeFi wallet?

While there’s no ‘safest’ DeFi wallet, hardware wallets like Ledger, Cypherock, and Ellipal offer top security features with EAL5+/6+ chips and offline storage to reduce cyber-related threats.

Alternatively, if you prefer mobile wallets, hot wallets like Zengo and Best Wallet stand out for their seedless, MPC, and 3FA protection.

2. Which DeFi wallet is best for beginners?

Zengo and Best Wallet offer intuitive user experiences, making them excellent choices for beginners. These hot wallets have easy-to-use interfaces, support multiple assets and blockchains, and often include staking capabilities.

3. Which wallet is the most secure for long-term crypto holders?

Cold wallets are generally the most secure for long-term crypto holders due to their advanced security features. Some of the best DeFi wallets in 2025 include Ellipal, Ledger, and Cypherock.

4. What is the best crypto wallet for DeFi in 2025?

The best crypto wallet for DeFi in 2025 depends on your needs. If you’re looking for a wallet that offers the best multi-chain access and staking, Best Wallet may be the right pick. Ledger for security, or Tangem for simplicity. Do your own research to choose the right fit.

5. How do I recover a lost DeFi wallet?

Recovery methods vary depending on the type of wallet. Software wallets generally use a 12- or 24-word seed phrase for recovery, which you should store securely offline. Others use shard-based recovery (Cypherock) or MPC backups (Zengo, Best Wallet).

Always follow the manufacturer’s recovery process. Setting up backups when you first create your wallet is quintessential to avoid permanently losing your funds.