Blockchains, for all their wonderfulness and fantastic abilities, do have their limitations. After all, it's a very young and nascent piece of technology. Of those issues, the most pressing concern that is plaguing the blockchain space at the moment is both its scalability and interoperability. In comes Polkadot's multichain to the rescue. And if you have just as much hype for this new decentralized protocol, then you'd perhaps want to know the best Polkadot wallet to store its DOT tokens safely.
This excitement and jubilation surrounding Polkadot and its stellar growth aren't without merits, and this goes both ways to see how its DOT cryptocurrencies have skyrocketed to becoming among the most valuable on the market. Polkadot wants to solve not just the limited scalability that has hampered growth and adoption for some blockchains but also by enabling interoperability between blockchains to bridge the gap and allow distant networks to “talk” to each other.
To say that this is revolutionary is an understatement. Polkadot's open-source multichain ecosystem isn't just one blockchain but several specialized blockchains interconnected within a wide cohesive environment. This can then interoperate with other existing blockchains, even “legacy” chains such as Ethereum or Bitcoin. That said, then, the promise does appear very bright for Polkadot. So, read along our best Polkadot wallet review to learn of the best vaults to keep your DOT tokens locked down.
Best Polkadot Wallet Comparison Table
|Guarda Wallet||Rating: 5 |
|Ledger||Rating: 5 |
|Trust Wallet||Rating: 5 |
|Exodus||Rating: 5 |
|Atomic Wallet||Rating: 5 |
Best Polkadot Wallet Reviews
Now that we've had a brief glimpse at some of our recommendations for the best Polkadot wallet on the market today, it's a good time to learn more about them with a bit of added depth. We can see that there are a huge number of different types of wallets, from the more convenient software-based ‘hot' wallets that allow easier access or, the more robust and vault-like hardware-based ‘cold' wallets to have your DOT tokens locked down. There's no end to the number of options that are available.
We've learned time and time again, through billions of dollars lost caused by cybertheft every single year, that using a proper wallet application is a must. Most of these hacking and theft campaigns could've been easily thwarted, too, if cryptocurrency adopters and holders had used a more secure form of storage. This is what our best Polkadot wallet guide is all about, not just showing you the best wallets for your precious DOT tokens but also why they matter and how you can use them.
1. Exodus Wallet
First up, in our competition to find the best Polkadot wallet, we have Exodus. The Exodus wallet is among the most well-known and positively reviewed wallet application used within the global cryptocurrency community. The simple reason – Exodus has one, if not the best, user interface of any cryptocurrency wallet application thus far. In the early days of cryptocurrencies some years earlier, and for quite some time afterward, dedicated wallets were never always pleasant to use.
They require complex set-up processes while also being very clunky to navigate and hard to get used to. Although most cryptocurrency wallets nowadays are far better in that regard, we think none have gotten close to Exodus' attempts in beautifying its wallet and without sacrificing core functionalities that matter most in a cryptocurrency wallet. It's very easy to use, fun to navigate around, with fluid and seamless animations and supremely colorful iconography. Using Exodus is a treat for the eyes.
Exodus is a purely software-based wallet application, made readily available as a feature-packed application on the desktop, with downloads for Windows, macOS, or Linux operating systems. Or, you can download Exodus' mobile wallet application for Android or iOS if you're planning to manage Polkadot's DOT tokens while on the go. Add to that; Exodus has trumped many other software wallets by offering easy integration with a more robust hardware wallet, thanks to a partnership with Trezor.
This way, you can easily sync and transfer assets – such as your Polkadot – between Exodus and your Trezor hardware wallet. This versatility offers you the best of both world's experiences in managing your cryptocurrency assets. However, the downside is that Exodus currently only supports a handful of cryptocurrencies for its wallet, with only around 130 as of writing this best Polkadot wallet review, including Polkadot's DOT. However, it makes up for this by offering more services within its wallet.
As such, Exodus is more than just a storage medium. You could buy, sell, send, or exchange cryptocurrencies using its wallet, including a built-in exchange. Third-party platforms can also offer their own applications baked into Exodus' wallet. For example, you can stake cryptocurrencies without ever leaving the Exodus wallet through the DeFi-favourite Compound Finance or Exodus' own staking platform and earn upwards of 9% yearly APY on passive rewards.
2. Ledger Wallet
History has shown us that storing your wallet in a hardware-based or ‘cold' wallet is far more secure. This is thanks to the fact that cold wallets are almost always kept offline and disconnected, removing any potential avenues for hackers to break into your cryptocurrency holdings. But for all their added robustness, hardware wallets in the olden days are hard to set up and use. Thankfully, things have changed over time, and as our best Polkadot wallet review can attest to now with Ledger.
Amongst all the different hardware cryptocurrency wallets on the market today, Ledger is by far the leader in this space. So much so, they want to make that threshold easier to cross by offering not just one but two unique wallets for your pickings – the Ledger Nano S ($59.00) and Nano X ($119.00). At the time of writing this best Polkadot wallet review, Ledger's compatibility is impressive among hardware wallets, with support for 27 major cryptocurrencies, including Polkadot's DOT tokens.
But that's not all, as Ledger's wallet also has support for more than 1,500 other cryptocurrency tokens and other forms of digital assets. You could easily monitor your assets using the Ledger Live companion software, made available on the desktop for Windows, macOS, and Linux. Alternatively, manage your DOT tokens while taking the subway with the Ledger Live iOS or Android apps. And as with Exodus, the Ledger wallet is more than just a vault, as it offers even more services for you.
You can buy tokens quite easily with the Ledger Live app or use its built-in exchange platform to swap them out for another cryptocurrency, such as Polkadot's DOT. Just like Exodus, Ledger has also partnered up with Compound Finance to offer a wider variety of decentralized finance (DeFi) services for you. Using the Ledger Live app, you could use that Compound Finance integration to lend out your cryptocurrencies or stake them to both earn passive rewards for your holdings.
As far as the physical part of the Ledger wallet is concerned, the hardware is made compact enough to be pocketable and beautifully machined with a brushed stainless steel finish. For better robustness, Ledger had even built its own proprietary operating system for running the wallet, along with an integrated chip design for the best performance. The more expensive Nano X wallet even has Bluetooth connectivity, so you could quickly pair it with the Ledger Live app on your phone.
3. Trust Wallet
Next up in our best Polkadot wallet comparison, we'll be taking a look at a more recent favorite amongst the cryptocurrency wallet community – Trust. Initially, a highly popular wallet application made for mobile, it never received the recognition it most deserved until Binance bought it outright and integrated Trust into their massive empire. As of writing this best Polkadot wallet review, Binance is by far the world's largest cryptocurrency exchange, and this effect has trickled down to Trust.
For one, Trust has been able to leverage its relationship with Binance cleverly by slowly adding some of its key technologies. One example would be how Trust has been able to integrate Binance's smart contracts capable Binance Smart Chain straight into its wallet. No wonder then that more than 5-million people around the world are using Trust wallet. However, unlike either Exodus or Ledger, the Trust wallet is a mobile-only affair, with its highly-rated apps made available on Android and iOS.
But despite what might seem like a limitation, Trust is still no less secure or capable than any of the aforementioned wallets. Moreover, this is helped with the Trust wallet's user interface, which is simplistic and makes the art of using cryptocurrencies very pleasing. This is especially a big bonus for newcomers and casual users. Trust also has a massive compatibility list for supported cryptocurrencies, with more than 160,000 different unique digital assets that can be stored there.
This doesn't just include Polkadot's DOT tokens and “simple” cryptocurrencies, but also other forms of goods such as NFTs (non-fungible tokens), such as tokenized artwork, memorabilia, collectibles, in-game items, playing cards, and more. As with the other wallets, Trust isn't just a regular storage space for cryptos. You could buy cryptocurrencies in the Trust wallet using your credit card, or exchange them around within Trust's built-in exchange, such as swapping your tokens into Polkadot's DOT.
Or, use Trust's wallet as a place to stake your cryptocurrencies and potentially earn up to 220% APY earnings yearly. The Trust wallet is also a secure, optimized, and featureful Web3 compatible browser. This means that you can browse through a variety of different decentralized applications (dApps), such as decentralized exchanges, DeFi services, social networking, games, read through blogs, news sites, NFT marketplaces, or even make bets on gambling platforms without even leaving the Trust wallet.
4. Atomic Wallet
The next contender in our search to find the very best Polkadot wallet to keep your precious DOT tokens safe, we have Atomic. They're certainly among the more popular cryptocurrency wallets made available, with more than 1-million users around the world. Skipping back in our best Polkadot wallet review, Atomic is similar to Exodus in that it is a software wallet with a desktop client made for Windows, macOS, and Linux. Atomic also has a mobile wallet app for both Android and iOS.
It even has a lovely user interface to interact with, pleasingly navigating around, and is filled with colorful graphics. However, there are some key differences here. For a start, Atomic does away with easy integration for a hardware wallet to lock down with your cryptocurrency holdings even further. However, Atomic does win back some points by having a larger compatibility list for the number of supported cryptocurrencies, standing at more than 500 as of writing this best Polkadot review.
Just like the aforementioned wallets, Atomic allows you to buy cryptocurrencies very easily from within its app. So, any old Mastercard or VISA credit card could easily let you buy a select number of cryptocurrencies without ever leaving the wallet. Atomic even has its own built-in exchange as well, so that you could swap cryptocurrencies around, like Polkadot's DOT. The Atomic Wallet also has support for staking options, where you can potentially earn upwards of 30% APY yearly rewards.
One other interesting part about the Atomic wallet is the inclusion of its native AWC tokens or the Atomic Wallet Coin. So far, they're the only wallet on this list that has a native cryptocurrency, and it certainly does have its uses. This includes being able to accept discounts on exchange services or for buying cryptocurrencies with your credit card. Optionally, you could use your AWCs to join for membership on Atomic and earn additional cashback up to 1% on purchases and exchanges.
5. Guarda Wallet
Finally, the last one we're going to look at today for our best Polkadot wallet review is Guarda. They are a highly underrated wallet application, and undeservingly so. Guarda is one of the best cryptocurrency wallets out there, including for keeping Polkadot's DOT tokens safe and sound. You could easily find their wallet as a desktop client on Windows, macOS, or Linux and as a mobile application for Android or iOS. Uniquely, Guarda's wallet is also accessible as a Chrome extension.
They also have one of the biggest compatibility lists when it comes to not just cryptocurrencies, but the wider world of tokenized assets. More than 10,000 different tokens are supported for storage on Guarda, from over 50 different blockchains. This includes support for the more common types of cryptocurrencies such as Polkadot's DOT tokens, stablecoins, decentralized finance (DeFi) based tokens, NFTs (non-fungible tokens), and so much more for anything digital that holds value.
If you'll be needing to add even more cryptocurrencies to your Guarda wallet, they offer an easy purchasing option to buy from nearly 50 different cryptocurrencies, using either a credit card, or even a SEPA bank transfer. Or, consider swapping out those cryptocurrencies and get yourself some of Polkadot's DOT tokens with Guarda's built-in exchange, without any limits on trading at all. Hell, you could even use Guarda's wallet to make up your own ERC20-compatible cryptocurrency and sell it.
As per many other wallets as well, Guarda's added services include staking, so that you could earn some passive income rather than leaving your cryptocurrencies to sit idly and gather dust. Guarda has among the larger assortment of different cryptocurrencies made available with staking options. From the selection made readily accessible as of writing this best Polkadot wallet review, you could potentially earn nearly 50% for staking cryptocurrencies, including popular ones such as Ethereum.
Best Polkadot Wallet – Conclusion
Now, we’ve come to the end of our best Polkadot wallet review, and it's time for us to recommend a winner that can best take care of those precious DOT tokens of yours. This isn't an easy thing to do, given how awesome all these wallets are, considering both their pros and cons and all the other wallets out there that we couldn't possibly fit into a single article. That said, it's hard to go wrong with one of these wallets, but we're still going to try and find a champion among them anyways.
The outright victor of this best Polkadot wallet review is Exodus. The only significant downside of Exodus is the fairly lackluster support for compatible cryptocurrencies. But hey, Polkadot's DOT tokens are included at least. And even more to that, Exodus' wallet is very easy and pleasing to use, with a quality of life factor that we might not consider but would appreciate. That's not to mention its robust set of options and added services, including the ability to easily sync up your hardware wallet.
For our runner-up, we're giving this well-deserved second place medal to Trust. It is unfortunately a mobile-only wallet, but for most people, does it really matter? We're spending more and more of our time moving around, and to have a powerful cryptocurrency wallet at the tip of your fingertips is worthy of celebration. As we've learned earlier in our best Polkadot wallet review, Trust has no shortage of features despite being mobile-only, and it even has a Web3 compatible browser to boot!