Best DeFi Wallets 2025 – Top 10 Reviewed

DeFi wallets connect users to decentralized finance apps. Below are reviews of the top 10 DeFi wallets, highlighting their connectivity, user experience, and security.

MetaMask is one of the most used wallets for DeFi enthusiasts on the Ethereum and other EVM networks making it a top choice for top DeFi Wallets. MetaMask’s EVM monotony has lasted since its first release in 2017. Users are able to easily connect to DeFi platforms directly using MetaMask Wallet installed on their desktop browsers as an extension or on their mobile app as a native Android or iOS application.

MetaMask browser extension is compatible with Chrome, Firefox, and Edge browsers. The mobile app wallet comes with an integrated browser through which users can access DeFi protocols. Connections to DeFi platforms accessed this secure and convenient way are direct.

However, mobile app wallet users can also connect to DeFi platforms on their Desktop browsers using the WalletConnect feature. MetaMask is developed by Consensys and is optimized to the EVM technology architecture.

Using the details of new and existing networks, users can add networks to their wallets and manage their assets as well as connect to DApps deployed on the network.

MetaMask also supports several in-wallet DeFi operations such as crypto asset swaps, bridging assets through different networks, and staking supported assets. The in-wallet staking and bridging are limited to selected assets at the time of writing.

MetaMask is one of the best crypto wallets and is used by over 10 Million cryptocurrency investors. Thanks to the recently developed MetaMask Snaps feature, the wallet now other networks through third-party permissioned applications that functions through MetaMask.

Metamask Wallet Summary 

Trust Wallet is a multichain cryptocurrency wallet for storing assets from over 70 blockchain networks. Users can connect to DeFi applications deployed on networks supported by Trust Wallet. DeFi support on networks like Bitcoin is not available at the time of writing, but Trust Wallet’s list of supported networks is growing.

Trust Wallet supports different connectivity technologies, including direct connections through WalletConnect. It provides users with a comprehensive interface to fully understand the details of each transaction before signing them.

Trust Wallet also features an integrated browser through which users can visit DeFi platforms. It also features pre-installed DeFi platforms to enable users to visit some vetted top DeFi protocols in a single click. Users can easily alternate between other supported networks while visiting multichain DApps with their Trust Wallet.

Unlike other hardware wallets, it also supports in-wallet DeFi operations such as staking, bridging, and cryptocurrency swaps. Other Web3 operations like NFT collection and GameFi is also supported by wallet.

Trust Wallet is available as a browser extension for desktop devices and as a native application for Android and iOS devices. Trust wallet is also designed for smooth DeFi operation and is a good MetaMask alternative, especially for multi-network DeFi enthusiasts. However, users cannot manually add new networks on Trust Wallet.

Trust Wallet Summary 

OKX Web3 wallet is developed by crypto financial service provider – OKX exchange. OKX wallet is optimized for web3 operations. It has an efficient connectivity feature that allows users to connect to smart contract applications and sign transactions from their wallets. OKX Wallet has a special DeFi tab that enables users to connect to the OKX web3 dashboard.

The dashboard features a marketplace for NFTs, a DeFi yield aggregator, and support for decentralized exchanges. Users can easily buy and trade NFT arts, game NFTs, and other tokenized multimedia on the OKX NFT marketplace. The yield section presents the best passive income opportunities from yield farming platforms and allows users to stake on these platforms from the interface.

Users can also perform swaps directly from the platform. The OKX DeFi platform also supports the OKX P2P market, allowing users to run trades from their wallets.

Apart from the constituted DeFi platform, the OKX Web3 wallet also supports other decentralized applications deployed on supported networks. OKX wallet supports over 60 blockchain networks including Solana, Ethereum, EVM layer-1 and Layer-2 networks, Bitcoin, and Litecoin. OKX also supports the Bitcoin economy. The OKX web3 platform features a marketplace where users can connect their OKX wallet and trade ordinal inscriptions.

OKX wallet also supports Bitcoin smart contract standards like BRC-20. OKX Web3 Wallet also supports advanced DeFi operations on the top DeFi projects. OKX web3 wallet is available for mobile devices as a native Android and iOS application. For desktop devices, it is available as a browser extension compatible with Chrome, Firefox, and Edge browser. OKX web3 wallet mobile application also has an integrated browser for accessing decentralized applications.

OKX Wallet Summary 

Zengo Wallet is one of the best MPC wallets for DeFi and asset storage. Zengo has a comprehensive interface for connecting to DeFi applications on supported platforms. Like other DeFi wallets, it easily creates a connection between the users and the underlying smart contracts of the DeFi platforms.

Zengo Wallet uses the WalletConnect feature to connect to Decentralized applications. Users can sign transaction requests securely on their wallet to complete DeFi transactions like swaps and DeFi lending.

Zengo also supports NFTs and web3 activities related to them. According to Zengo, over one thousand DApps and their tokens including top DeFi tokens like UNI, ENS, AAVE, and SNX are supported on the wallet.

Zengo Wallet uses the MPC (multi-party computation) technology for wallet security. MPC removes the need for wallet phrases and secures users’ wallets using split ‘shares’. Users are required to set up their wallets with information like emails and face locks which can be used to recover the wallet in case of a loss.

Apart from support for smart contract blockchain networks and DeFi applications, Zengo Wallet also supports other networks like Bitcoin, LiteCoin, Tezos, and Dogecoin. In-wallet DeFi operations like cryptocurrency swaps are also available on the wallet.

Zengo wallet is currently available for Mobile devices as a native Android and iOS application.

Zengo Wallet Summary 

Phantom is a multichain wallet and one of the best wallets for DeFi enthusiasts on the Solana Network. Phantom features an integrated browser that enables users to access DeFi platforms. It supports direct connection to DeFi applications and connections via WalletConnect.

Phantom Wallet supports DeFi applications on Ethereum, Solana, and Polygon networks. However, it has grown more popular as a Solana wallet. Users can also store their Bitcoin on the Phantom wallet.

Several DeFi operations can also be conducted directly on the Phantom wallet interface. Users can swap cryptocurrencies and stake supported assets from their wallets. It also has pre-installations for popular decentralized applications on the supported networks.

Native POS staking for selected assets and staking on DeFi platforms can also be performed directly from the wallet interface. For more Secure DeFi transactions, Phantom Wallet has an integrated scan detection algorithm that flags malicious transactions. It also supports hardware wallet connection for Ledger Wallet.

Phantom supports NFT-related operations like NFT trading, Minting, and GameFi. It features a specialized display system for NFTs and enables users to transact on popular NFT marketplaces easily.

Phantom Wallet is a native application for Android and iOS devices. Desktop device users can install the wallet as an extension on their Chrome, Edge, and Firefox browsers.

Phantom Wallet Summary 

Leather Wallet is a self-custody application for the Bitcoin ecosystem and is also a top choice for DeFi enthusiasts interested in exploring the Bitcoin economy. Leather Wallet allows users to connect to tools and other decentralized applications in the Bitcoin ecosystem.

Users can deploy Bitcoin smart contracts, inscribe Bitcoin ordinals, and transact Bitcoin tokens via Bitcoin Dapps. Leather Wallet supports popular Bitcoin Dapps like MagicEden, Gamma, and BTC.us.

It also supports Bitcoin Layer-2 networks like Stacks and applications in their ecosystem, such as Stackswap, Lockstacks, and StackingDAO.

Leather Wallet Summary 

Xverse is your gateway to the growing Bitcoin ecosystem. Xverse is one of the best Bitcoin Ordinals wallets and is designed for operations related to DeFi on the Bitcoin blockchain. Using Xverse Bitcoin investors can perform advanced DeFi operations like inscribing and trading Bitcoin ordinals and Bitcoin Runes.

Xverse also supports minting and trading of Bitcoin smart contract standard tokens like BRC-20 and SRC-20. It also supports Bitcoin Layer-2 networks like Stacks and their smart contract standards (Like STX-20). Xverse wallet also supports the Bitcoin lightning network.

In-wallet DeFi operations like direct swaps are also available on the Xverse Wallet. Xverse is available as a native mobile wallet for Android and iOS devices. Desktop device users can also install the Xverse browser extension for Chrome, Edge, and Firefox browsers.

Xverse Wallet Summary

Ledger Wallet keeps an offline store of crypto assets and is one of the best cold wallet devices. Ledger is also a good choice of wallet for DeFi activities. Via Ledger Live, Ledger wallet users can connect their wallets to a smart device and access DeFi applications.

The Ledger Live allows users to store and swap their assets with other supported assets and stake their assets. Ledger Live has a stable connection to DeFi applications. Ledger Live is available for Mobile and Desktop devices. The application’s interface is comprehensive and features key DeFi tools.

Ledger also supports several hot wallets, including the MetaMask and OKX wallet. Through this, users can connect to thousands of Dapps without moving their funds out of their wallets.

Ledger supports thousands of crypto assets from hundreds of networks, including Ethereum, EVM L-1, and L-2 networks, Bitcoin, and Litecoin. Ledger Wallet also supports NFTs and NFT-related activities like minting and collection.

Ledger Wallet Summary 

Trezor wallet supports DeFi operation through third-party connections. Trezor supports several mobile wallets including MetaMask wallet. To access DeFi applications via your Trezor wallet, users are required to connect their wallet to third-party wallets. When this is done, users can now enjoy a smooth connection to Dapps and approve transactions via their Trezor. Trezor attempts to maintain its top security architecture while interacting with decentralized applications.

Through this setup, Trezor wallet users are able to access thousands of DeFi applications on the networks supported by the wallet without moving their funds. Trezor’s transaction approval method supports these third-party connections.

Apart from third-party wallet connections, Trezor wallet users can also securely manage their assets using the Trezor Suit application. Users can perform operations like crypto purchases and staking from the Trezor Suite interface. Trezor Suite is available for desktop and mobile devices.

Trezor Wallet Summary

Coinbase Wallet is a self-custody wallet application developed by a US-based cryptocurrency financial service provider – Coinbase Exchange. Coinbase wallet supports several smart contract blockchains and thousands of DApps deployed on these networks.

DeFi connectivity on Coinbase wallet is simple thanks to direct DeFi connection and connection via WalletConnect which are supported by the wallet. Coinbase Wallet presents an interface for a comprehensive display of transaction prompts to enable users to get a full grasp of transaction requests before approving them.

.

Mobile Wallet users can approve DeFi transactions using Biometric security. Coinbase Wallet features in-wallet support for DeFi transactions like direct cryptocurrency swaps, multichain bridging, and staking for selected assets.

The browser section of the mobile wallet features an integrated browser for accessing DeFi platforms and NFT marketplaces. Top DeFi protocols are also pre-installed to enable users to visit these platforms with a single click.

Coinbase Wallet can easily handle interchanging networks for multichain Dapps. Thanks to its relation with the Coinbase Exchange, DeFi enthusiasts who trade on Coinbase exchange can easily interact with centralized and decentralized finance sectors using their Coinbase Wallet.

The Wallet is available as a native mobile app for Android and iOS devices and as a browser extension for desktop devices. Supported browsers include Chrome, Microsoft Edge, and Firefox browsers.

Coinbase Wallet Summary 

Decentralized Finance (DeFi) is a blockchain-based financial system that eliminates the need for traditional intermediaries like banks or governments, offering direct access to financial services such as lending, borrowing, and trading.

DeFi crypto wallets are non-custodial tools that serve as gateways to this ecosystem. It allows users to store, buy, and sell cryptocurrencies and NFTs while maintaining full ownership of their assets.

With these software wallets, users can borrow funds by using their assets as collateral or earn passive income through lending and staking on platforms like Aave and Uniswap.

DeFi users have grown significantly since their peak of 7.5 million in late 2021, with recent trends suggesting continued interest in 2024. Although the user base dipped in 2023, the ecosystem is poised for further growth. For a detailed look at the monthly number of unique DeFi users up to April 2024, you can explore more in this report.

Using a DeFi wallet is simple, especially with the software wallets we’ve tested and listed on this page. Each hardware wallet has undergone thorough evaluation to ensure it meets the highest standards of robust security and usability. Once you click the “Visit” button for any wallet listed here, follow these steps to get started:

1. Click the “Visit” button on this page to access the official website of the hardware wallet.
2. Create an Account or Wallet: Follow the wallet’s instructions to set up your account. This involves creating a secure password and generating a recovery phrase.
3. Back Up Your Recovery Phrase: Store the recovery phrase in a safe place; this is essential for regaining access to your wallet if needed.
4. Add Funds: Once your wallet is set up, you can deposit cryptocurrencies to begin transacting. Most defi wallets allow deposits via various tokens or cryptocurrencies.
5. Start Transacting: With funds in your wallet, you can now connect to DeFi platforms, trade tokens, stake, or provide liquidity based on the wallet’s supported features.

All wallets listed on this page are designed for ease of use, ensuring your experience is seamless. Our extensive testing confirms that registering and getting started with any of these wallets is straightforward, so you’re ready to explore DeFi safely and efficiently.

The best wallet for your DeFi transactions is one that covers the network where the application is deployed and also caters to the users and robust security.

For instance, if your network of choice is the Solana network, then Phantom is one of the best options for your DeFi activities.

Multichain wallets like Trustwallet are a good option for investors who transact on several (technologically) unrelated networks.

Best DeFi Wallet For Ethereum

For EVM applications, the MetaMask wallet is the best wallet to use for your DeFi activities, because it is designed to handle EVM commands easier. Its interface is highly intuitive alowing users to efficiently use the wallet.

MetaMask also has an impressive security record. Trust Wallet, OKX Wallet, and other wallets are also solid options for EVM and Multichain DeFi interaction.

Top Multi-chain DeFi Wallet

Trust Wallet, OKX Wallet, and Coinbase Wallet are some of the best multi-chain wallets for DeFi enthusiasts. They support regular self-custody of crypto assets and interaction with decentralized applications on different blockchain networks.

They support interaction with Ethereum, EVM layer-1 and Layer-2 networks, Solana, and several other smart contract networks. They are also rarely implicated in security mishaps. It is still advised that you store your cryptocurrencies in a cold wallet and use hot wallets for immediate transactions and storage of small amounts of cryptocurrencies.

While choosing between available DeFi wallet options for your DeFi operations, here are some factors to consider.

Wallet Interface

DeFi transactions often involve the movement of funds between personal wallets and smart contracts. Therefore, it is important to use a wallet with a comprehensive user interface.

This includes the wallet dashboard, transaction prompts, and settings section. A comprehensive user interface not only makes it easier to run regular and advanced secure transactions, it also has an important role in the safety of your funds as you transact on DeFi platforms.

Wallet Type

Crypto wallets are broadly categorized as cold and hot wallets. Cold wallets are the best crypto wallets in terms of security. Hot wallets score high in terms of convenience.

Select a wallet type that suits your type of transaction. If you transact on DeFi platforms regularly, it is advised to use a hot wallet and move your dormant funds to a cold wallet.

Key Features And Supported Networks

Review the wallet security features that concern your operations. Additional features like in-wallet staking and on-ramp trading could boost your performance.

Also, ensure that the wallet supports the network(s) where the DApps you wish to interact with are deployed.

Security and User Privacy

Evaluate the security architecture of the wallet. Reputable wallet applications usually publish their security strategies, review this where available to understand how the wallet keeps your funds safe.

Development Team

Ensure that the wallet application is being developed by a reputable and experience team.

Also, check the vendor before installing the application from your mobile app outlet. Malicious copies of a wallet can be created by foul players.

To ensure the safety of your decentralized finance wallet and funds, here are some recommended precautions.

Backup And Store Your Wallet Phrase

After creating your wallet account, make sure to correctly copy your wallet passphrases and store them in a safe medium. Offline storage of wallet phrases is recommended.

Set Up Password And Biometric Security For Your Wallet.

Set up a PIN or password for your wallet. Use 2FA authentication where available and also activate biometric locks for your wallet. These add an extra layer of security to your wallet and funds.

Evaluate the authenticity of a DeFi application 

Before connecting your wallet to a decentralized application, review the platform to ensure that it is secure enough.

Note the website address and differences as malicious replicas of popular DeFi platforms are rampant. Check the contracts of the tokens you are interacting with as well.

Terminate Connections Promptly

After interacting with a DeFi application, ensure to completely terminate your connection to the platform. You can revoke your connections by checking the connection tab of your wallet to see active connections. Tools like Revoke.cash can also be used to terminate sustained connections.

Keep Your Wallet Devices Safe

It is also important that you keep the devices where you hot wallet is installed safe. This applies to your cold wallets as well. Like your wallet, ensure the proper security of wallet-installed device(s).

Choosing the right wallet is essential for smooth DeFi transactions. This article reviewed top crypto wallets for DeFi, each with distinct features and security measures.

For the best DeFi wallet for Ethereum, we recommend MetaMask. For Bitcoin, Xverse Wallet is the top choice, and for multichain DeFi, Trust Wallet is highly recommended based on our analysis.