Best Solana Wallets for NFTs

Solana is one of the rising stars in the crypto world and there are solid reasons for that. Solana proclaims itself to be the fastest blockchain in the world, and its rise in Dapp users reflects its increasing popularity. Taking into account this rising number of DeFi and NFT projects, it’s fair to say that Solana will be with us for a while.

Solana has a large community and more than 250 projects that have been launched on its blockchain. Its blockchain can process many more transactions per second and charges much lower transaction fees than its main competitor Ethereum. Solana is a proof-of-stake (PoS) blockchain and also uses a new Proof-of-history (PoH) algorithm.

Where DeFi and NFTs are concerned, Solana is already one of the largest around, and this has led to demand for secure and easy-to-use wallets to manage Solana NFT assets. With all that choice around, the key question to ask is ‘what is the best Solana NFT wallet?’.

In this article we will look at the best wallets for Solana NFTs. All of the following wallets are well-known in the Solana community and cater for a variety of needs, so you’re sure to find the perfect way to store your freshly bought Solana NFT.

1. Phantom Wallet

Phantom Wallet

95%

Phantom is a native Solana wallet designed exclusively for the Solana ecosystem. According to their website, Phantom makes it ‘safe & easy for you to store, send, receive, stack, and swap tokens on the Solana blockchain’, and its popularity certainly makes Phantom wallet a clear contender for the title of best Solana NFT wallet.

The best thing about Phantom wallet is its versatility. Phantom is supported by nearly all Solana NFT marketplaces – in fact, this wallet alone would be more than enough to traverse the entire Solana ecosystem.

Phantom comes as an extension to the most popular browsers such as Chrome, Brave, Firefox and Edge. Recently, the Phantom developers also released the iOS app for the wallet.


Swap tokens via Raydium, Solana’s version of Uniswap. The transaction fee is just 0.25%.

Store and preview your NFTs in a separate section of the wallet.

Stake SOL within the wallet. The annual percentage yield usually ranges between 5% and 6%.

Supports SPL tokens that are common in Solana’s DeFi applications. The Ethereum analogue for these tokens are the ERC20 tokens.

For additional security you can easily integrate your Phantom with the Ledger cold wallet to provide added protection for your SOL and NFT assets.

There is no mobile version for Android (for now).

Currently, the in-wallet swapper sources trades using Raydium. Therefore, the prices are limited by the liquidity of this particular exchange.

There are concerns that all tokens in the wallet can be staked without taking into account the transaction fees, which could potentially rise over time. This may cause a situation where users have to add new tokens in order to unstake their old tokens.

2. Solflare

Solflare

93%

Another all-in-one solution is non-custodial wallet Solflare. In terms of functionality, Solflare’s main purpose is to allow you to store, swap, stack and send SOL tokens and NFTs.  

Unlike the Phantom wallet, Solflare is available on desktop and mobile devices and can also be used as a browser extension.


Store and preview your NFTs in a separate section of the wallet. Provides both visual and audio NFT compatibility.

Swap tokens within the wallet. Only available on the web and browser extension as for now.

A 24-word mnemonic phrase (unlike the 12-word mnemonic phrase used by Phantom), meaning greater security.

Browser extension, Android and iOS app

The staking function of Solflare prevents the user from staking all of their tokens. This means that the previously described situation with transaction fees will occur.

3. Sollet

Sollet

90%

The next wallet in our overview is very different from the first two. The Sollet wallet is an open source project that targets advanced crypto users and developers. Along with the regular sending/receiving operations it allows you to connect and interact with Dapps running on the Solana blockchain.

Sollet themselves state that if you’re looking for a regular wallet in which to hold your Solana NFTs then you’re better off with a less complex one, but for those who want a deeper experience Sollet could be for you.


Integration with Serum, a popular decentralized exchange of the Solana ecosystem.

The ability to hold ERC20 tokens, something that neither Phantom nor Solflare are capable of doing.

Staking for SOL and SPL tokens.

The 24-word mnemonic phrase and additional security through linkage to the Ledger hardware wallet.

More challenging to use than regular Solana wallets

Adding additional tokens types (e.g. ERC20) comes with a fee

4. MathWallet

MathWallet

88%

MathWallet may not be as well-known as the other Solana NFT wallets listed here, but it provides some additional benefits nevertheless. MathWallet is a multi-platform wallet, which means that you can use it either mobile, as a desktop app or as a browser extension. To get the most security it is also possible to integrate MathWallet with Ledger.

MathWallet offers cross-chain support for more than 90 blockchains and would be a great fit for those who are looking for a wallet that goes beyond the Solana ecosystem. MathWallet clearly has designs on becoming the top multichain wallet. So if you are not only looking for NFT opportunities on the Solana blockchain, but also are open to other networks, this wallet might be a great choice.


Multichain wallet for Web3 with support for most popular public chains like Ethereum, Bitcoin, and Solana.

One-click access to Math DApp Store, where users can browse without leaving the wallet.

Quick access to numerous DEXes.

Large developing ecosystem: Math Vault, Math Chain, Math Token, Math Giveaway, Math Gas.

Suitable for SOL staking.

5. Trust Wallet

Trust Wallet

80%

Trust wallet is a popular cross-platform app that is capable of holding a large number of cryptocurrencies such as BTC, ETH, and SOL (naturally) as well as NFTs and many other ERC20, BEP20 and ERC721 tokens.

While TrustWallet may hold SOL coins there is one major drawback to using it for Solana NFTs – it doesn’t currently accept them. However, if rumors are to be believed (and history is anything to go by) it is only a matter of time before TrustWallet starts accepting NFTs on the Solana blockchain, which is why we feel we can include it in our list.


Easy access to the latest DApps and DeFi platforms

NFT wallet support: send, receive, buy and sell your NFTs directly in the wallet

Stake your Solana NFTs through the wallet

Hold Ethereum-based NFTs in the same wallet

Support for Solana NFTs is yet to arrive


Conclusion

Overall, the most popular choices for wallets with support of Solana based NFTs are Phantom and Solflare. Even then there is a big difference – Phantom’s Chrome extension has been downloaded 2 million times, whereas Solflare only 200,000 times.

The good thing about the Solana blockchain is that it is constantly being developed, so the wallets in our list will continue to be developed while newer ones will emerge and may well steal the thunder of the current favorites.

When you consider what Solana NFT wallet is right for you, it’s important to think about what you want from a wallet. If you’re looking to buy and leave for a long time then the likes of Phantom and Solflare will be right for you, whereas if you’re looking to experiment then Sollet and MathWallet will be more up your street.

We hope our list of the best Solana NFT wallets has helped you understand the various ways in which you can store and interact with your Solana NFTs and helped you decide what to keep a look out for in the future.