Best DeFi Wallets for dApps & Multichain Swaps – Reviewed for 2025

Are you on the hunt for the best DeFi wallet? You’ve come to the right place. We’re about to review the top DeFi crypto wallets – hot and cold – to help you choose the perfect one.

After all, a mediocre crypto wallet with limited functionality and security won’t cut it when accessing dApps, multichain swaps, NFTs, and more DeFi services.

Read on to discover why Best Wallet and Zengo are among the best decentralized wallets for DeFi that you’ll find this year.

The Best DeFi Wallets at a Glance

Before we delve into the finer details, here’s a quick overview of the best DeFi wallets we’ll be reviewing today:

1. Best Wallet – Top Fully Non-custodial DeFi Wallet for Multichain Swaps
2. Zengo Wallet – DeFi Hot Wallet for Seamless dApp and NFT Trading
3. Cypherock Wallet – Best Cold Wallet With MPC for Secure DeFi Access
4. Ledger Wallet – First Cold DeFi Wallet With a Curved E-Ink Touchscreen
5. Tangem Wallet – No-device DeFi Wallet That’s Light on the Pocket
6. Ellipal Wallet – First Air-Gapped Wallet for DeFi Transactions

Top DeFi Wallets in 2025 Reviewed

The burgeoning crypto wallet market offers DeFi wallets in all shapes and sizes. But you want the cream of the crop. That’s why we tested each one, and only the very best made the cut. So without further ado, let’s dive into our reviews of the best DeFi crypto wallets.

1. Best Wallet – Top Fully Non-Custodial DeFi Wallet for Multichain Swaps

If you’re looking for a free DeFi hot wallet that’s easy to use and fully non-custodial, the Best Wallet app is well worth considering. It scores top marks for seamless access to 330 DEXs, lending protocols (like Aave and Compound), and staking. Multichain swaps are also a breeze.

This multi-currency and multichain Web3 wallet – tailored for Android and iOS – gives you access to thousands of tokens from several leading blockchains, including Ethereum and BSC Mainnet (with more coming soon — 60+ is their goal). This will put the world of DeFi at your fingertips.

The Best Wallet app also has a no-KYC policy. That means you can access DeFi protocols and dApps like Dex Screener and PancakeSwap with complete anonymity. In addition, it’s the only crypto wallet that lets you buy the best crypto presales — all from within the app.

Thanks to Best Wallet’s on-ramp integration, lower transaction fees are another reason this is one of the best crypto DeFi wallets. This is a third-party aggregator that compares major crypto providers to give you the best fiat-to-crypto prices.

It gets better. Best Wallet also excels in terms of security. Hot wallets are often considered to be less secure than their cold wallet counterparts because of their online access. Best Wallet, however, has multiple layers of security.

That includes two-factor and biometric authentication to keep your private keys – and your digital assets – safe. Fireblocks’ MPC-CMP technology, meanwhile, means transactions are signed up to 800% faster.

With more features being added all the time, we expect big things to come from Best Wallet. This aligns with Best Wallet’s plan to dominate 40% of the $12 B+ crypto wallet market by the end of 2026. With a 24.8% CAGR, the market is forecast to be worth $94.45B by 2033.

To power its mission of market domination, Best Wallet has launched its native coin, the Best Wallet Token ($BEST). It’s currently on presale, and $BEST holders can look forward to even lower transaction fees, early access to presale projects, higher APY staking, and community governance.

That’s why we believe $BEST is one of the best cryptos to buy now, thanks to its potential for explosive returns.

2. Zengo – DeFi Hot Wallet With Seamless dApp and NFT Trading

Zengo is the only other hot wallet on our list of the best DeFi wallets for 2025. It rightfully earns the second spot because of its unique approach to private key management. This makes it a highly secure wallet that easily interacts with DeFi and dApps.

WalletConnect is built into the Zengo software. This creates a secure bridge to the DeFi ecosystem and gives you access to NFTs and dApps like OpenSea, Uniswap, and Sandbox. That’s in addition to multichain crypto swaps and $ETH staking.

Zengo supports 380+ cryptocurrencies across more than 10 blockchains. We’re also pleased that this crypto wallet has an excellent Trustpilot rating. Some 81% of 900+ reviewers give it a five-star rating, meaning their user experience is on par with ours.

Like the Best Wallet app, Zengo is a non-custodial wallet, meaning you have complete control of your private keys. But it ups the ante with multi-party computation (MPC) and splits your key into two parts.

One part lives on the Zengo servers (which are protected by bank-grade security) and the other half is stored on the device you use to access the wallet. This means extra security for your private keys. And that’s important in a world of hackers keen to get their hands on your crypto.

Zengo offers two subscription plans. Zengo Essentials is free; Zengo Pro isn’t – expect to pay $19.99p/m, or $129.99 p/a. The Pro plan, however, has added features, including up to 50% discounts on transaction fees, a Web3 firewall, theft protection, up to five wallets, and priority customer service.

3. Cypherock – Top Cold Wallet With MPC For Secure DeFi Access

Does the idea of using a hot wallet leave you a little, well, cold? You may want to consider a Cypherock X1, the top cold wallet on our list of the best DeFi wallets. Like Zengo, it uses WalletConnect to let you connect to DeFi, dApps, NFTs, and more.

Cold wallets are generally considered to be more secure than hot wallets. That’s because a cold wallet is a piece of hardware that never connects to the internet. Cypherock, however, ensures that your wallet is for your eyes only with a clever form of MPC — Shamir’s Secret Sharing.

It uses a cryptographic algorithm to split your private key into five parts. And it stores it across the X1 vault and four credit card-sized cards, making this one of the best decentralized hardware wallets.

Each key part is stored in an embedded CC EAL6+ certified chip, which is pretty much the highest level of security there is.

You need the X1 Vault and just one of the cards to access your wallet. That means you can lock away the remaining cards in a safe spot. By the way, it’s worth mentioning here that Cypherock is the first hardware wallet that doesn’t require a seed phrase – there’s simply no need.

Top security isn’t the only reason the Cypherock is our favorite cold wallet for DeFi. We’re impressed that it supports 9K+ cryptocurrencies across more than 10 blockchains. That means impressive access to DeFi, dApps like OpenSea, Uniswap, and PancakeSwap — plus NFTs.

As this device doesn’t connect to the internet, you’ll need to download the cySync software to the computer you want to use to access your wallet. Then connect the vault via a USB-C cable. Currently, Cypherock is compatible with Windows, macOS, and Linux. That means no Android or iOS for now.

Now, let’s talk about the price. The Cypherock X1 retails at $199. They’re currently running a promotion, so it can be yours for $131.97. We’re not sure how long that discount will apply, though. Check it out before it’s too late.

4. Ledger – First Cold DeFi Wallet With a Curved E-Ink Touchscreen

Next up in our line of the best cold wallets for DeFi is the Ledger range. Ledger Live, the accompanying software, has a section dedicated to DeFi, where you’ll find direct access to a range of 45+ dApps, including Artacle, DustSweeper, and Lido.

If less than 50 dApps doesn’t sound impressive, remember that you can use WalletConnect to access the wider world of DeFi. So you’re not limited to the dApps in Ledger Live’s Discover section.

You can stake, swap, or trade NFTs to your heart’s content. And that includes 500 Ethereum and Polygon NFTs through the Ledger Live app, and many more multichain NFTs through third parties like WalletConnect.

At 15K, Ledger supports more cryptocurrencies than its Cypherock counterpart. And it supports 50+ blockchains. The Ledger Live app also allows you to connect to various third-party wallets to access even more cryptos.

It’s not just Ledger’s easy access to dApps that puts it firmly in this list of the best DeFi wallets. The company has a range of four crypto wallets, two of which – the Flex and Stax – feature e-ink touchscreens. That’s a first for the hardware crypto wallet industry.

Those e-ink screens enable ‘clear signing’. In other words, you can easily read the transaction details you verify and sign to complete a transaction. E-ink screens are also light on the wallet’s battery. On a single charge, expect up to 150 transactions or 10 hours of normal use.

As for wallet security, Ledger has that covered. A CC EAL6+ certified Secure Element Chip (ST33K1M5) – and a PIN that only you know – will protect your private keys and access to your digital assets.

The Ledger Flex and Stax are compatible with Windows, macOS, Ubuntu, Android, and iOS. This sets Ledger apart from the rest. The downside? The Flex and Stax are also the most expensive crypto wallets on our list.

The Ledger Flex retails for $249. As for the Ledger Stax, it’ll set you back $399. Keep in mind, though, that the Stax has a curved 3.7-inch e-ink touchscreen and is capable of fast wireless charging.

A customizable screen that displays images, including NFTs, also adds to Stax’s appeal. And if that doesn’t justify its hefty price tag, you might be interested to know that the Stax was designed by iPod inventor and iPhone co-creator Tony Fadell. Enough said.

5. Tangem – No-Device DeFi Wallet That’s Light on the Pocket

Tangem is a card-based cold wallet that connects to your smartphone. This makes it ideal for accessing dApps and multichain swaps on the go. And because it’s a card and not an actual device, Tangem is the most affordable cold wallet we’re reviewing today.

Through WalletConnect, Tangem gives you access to the DeFiverse, including NFTs and dApps like Raydium, Jupiter, and OpenSea. Tangem also supports 13K+ cryptocurrencies – including the best meme coins – across 80+ blockchains.

While it doesn’t have the bells and whistles we’ve seen in Cypherock and Ledger, that doesn’t mean it compromises on functionality or security. The Tangem wallet looks similar to a credit card and has a CC EAL6+ certified chip that generates a private key.

It also uses near-field communication (NFC) to connect to the Tangem DeFi wallet app on your phone (it’s the first crypto wallet to do so). One tap of your card against your phone, and you’re ready to go. This and that high-grade security chip mean your wallet never has online access.

Add the Tangem app’s access code and biometrics, and you have the ultimate protective service to keep your private keys and crypto secure. Of the 2 M+ Tangem wallets already sold, there have been zero reports of any breaches.

Tangem is sold as a set of two or three cards. That said, you only need one card to access the app. The additional cards are simply backups. The two-card set costs $54.90, and the three-card set costs $69.90.

The cards are customizable too – choose from your favorite collection (from standard black, to ramen kitty, to US patriot) before hitting the checkout button. As for the Tangem app, it’s free and compatible with Android and iOS, both of which have good ratings on the respective app stores.

And if the lack of bells and whistles makes you feel like something is missing, the Tangem ring might be more up your alley. It’s a wearable zirconia ceramic ring with the same functionality and security as the cards. But at $160, we’re not convinced the ring is worth it.

What is a DeFi Wallet?

The world of decentralized finance is a wonderful thing, and a DeFi wallet gives you the ability to connect and interact with a multitude of dApps and platforms.

A standard crypto wallet stores the private keys that let you manage and interact with your digital assets. A DeFi wallet, on the other hand, also enables you to stake, lend, borrow, and trade your crypto on decentralized platforms.

There are various types of DeFi wallets. Here’s a rundown of the main ones:

1. Hot wallet — It’s software-based (an app or browser extension), which means it’s online and internet-enabled. If you’re using a hot wallet, you want the best non-custodial wallet for full control of your private keys.
2. Cold wallet — Cold differs from a hot wallet in that it stores your private keys on a physical device with no online access. They require an app to access your digital assets, but your private keys remain offline. That’s why a cold wallet is generally considered to be more secure than a hot wallet.
3. Non-custodial wallet — Also known as a self-custodial wallet, this is a wallet that gives you full control over your all-important private keys. There’s no third-party involvement (an exchange, for example), which means they don’t have access to your private keys.
4. Custodial wallet — This is a wallet that an exchange or crypto bank manages, and that means it also holds your private keys. Margex is an example of a custodial wallet. Those third parties typically have excellent security protocols in place to safeguard your private keys. But they’re prone to hacking attacks.

DeFi wallets are popular for several reasons. Here’s why:

• ✔️DeFi wallets offer seamless integration with dApps, including DEXs, yield farming protocols, staking, and lending platforms.
• ✔️They support multiple blockchains and cryptocurrencies. That means you aren’t limited to one network with its own specific selection of tokens.
• ✔️Built-in access to smart contracts and dApps means you don’t need to manually enter contract addresses or interact with multiple services.
• ✔️The best DeFi wallets support a wide range of token standards, from popular ERC-20 tokens to lesser-known ERC-4907 tokens (rentable NFTs, in case you were wondering).
• ✔️Security features are important for any crypto wallet. DeFi wallets, however, up the ante with advanced measures such as MPC, biometric authentication, and transaction signing for interacting with DeFi protocols.

Are DeFi Wallets Safe?

The good news is that yes, the best DeFi wallets are generally safe. They’re designed to interact with DeFi protocols, which means they need advanced security to protect your private keys and digital assets. However, it’s still important that you manage your online risk.

A wallet with a built-in Web3 firewall is always a good idea. That’s important because the DeFi space is no stranger to copycat scams, smart contract vulnerabilities, rug pulls, hacks, and other threats.

Chainanalysis’ 2025 Crypto Crime Report notes that of the $2.2B in stolen crypto funds last year, the biggest share was taken from DeFi services. In other words, DeFi platforms were the primary targets of crypto hacks.

Even scarier is that private key compromises accounted for the largest share – 43.8% – of stolen crypto in 2024. That’s why advanced security measures are crucial for a DeFi wallet. They’re the first – and best – line of defence against your private keys being breached.

What Security Features Do DeFi Wallets Have?

You don’t want a DeFi wallet with a single mechanism to keep your private keys safe. No, you want an arsenal; a fleet of security guards to protect them. That’s why the best DeFi wallets have a combination of security measures to ensure your private keys are for your eyes only.

These are some of the security features that the DeFi wallets we reviewed in this article have:

• Multi-party computation: Whether a DeFi wallet is hot or cold, MPC goes a long way in upping the security of your private keys. Shamir’s secret sharing is one example. It splits your key into separate parts, which makes it much harder to be hacked or stolen.
• Multi-factor authentication: Even if you’re using a cold wallet, you still need an app to access your digital assets. MFA adds extra security to crypto wallets by requiring two or more verification steps to access your funds.
• Web3 Firewall: This monitors, analyzes, and controls wallet interactions with smart contracts before you sign them. If there’s any indication of a scam, like phishing or a malicious transaction, the Web3 firewall will raise a red flag and let you know.
• Security chip: This applies to cold wallets. A security chip is crucial to protecting your private keys. The best DeFi wallets, like the ones we’ve reviewed here, have embedded CC EAL5+ or EAL6+ certified security chips to give your wallet bank-grade protection.
• Non-custodial architecture: A custodial wallet poses a greater risk of your private keys being hacked or stolen. That’s what is meant by the phrase ‘Not your keys, not your crypto.’ A non-custodial wallet, however, gives you full control of your private keys.

Hardware vs Software Wallets – Which is Best for DeFi?

If you’re wondering which type of wallet is best for DeFi, well, that depends. Both have their pros and cons. A cold wallet, like Cypherock, is generally more secure, as it stores your keys offline. However, Best Wallet is easier and quicker for you to access, as it’s a mobile app.

Best Wallet also has advanced bank-grade security to keep your private keys and crypto safe, so using a top hot crypto wallet for DeFi doesn’t have to mean compromising security.

When it comes to choosing the type of DeFi wallet, ask yourself: Are you a regular trader but intend to hold relatively small amounts of crypto in your wallet? If so, a hot DeFi wallet is a good choice.

If, however, you hold large amounts of crypto but trade your digital assets fairly infrequently, a cold wallet is a better option. As it’s a hardware wallet, you can store it in a safe place. And because there’s no online access, your private keys are less likely to be compromised.

It’s your call, but to help narrow down your choice, here’s a quick wrap-up of the pros and cons of hot and cold wallets:

How to Choose the Best Wallet for DeFi

There are many important factors to consider when choosing the best wallet for DeFi. You want one with a solid reputation for user friendliness, chain and crypto support, compatibility, and advanced security.

When it comes to crypto wallets, this isn’t our first rodeo. We know what to look for, and when compiling this review of the best DeFi wallets, we scrutinized each one, measuring them against the metrics that matter the most.

Here’s what we looked at, and we recommend that you do the same:

• Wallet type: As we explained earlier, hot and cold wallets have pros and cons. If you’re a regular trader, consider opting for a hot wallet. If not, a cold wallet will serve you well.
• dApp compatibility: Not all wallets are DeFi-compatible, and that means no access to dApps. Your DeFi wallet should at least offer the option of using a renowned third-party service, like WalletConnect, to access DeFi protocols.
• Cryptocurrency & blockchain support: In this instance, size does matter. You don’t want to be restricted in terms of the different types of tokens you can transact, or the blockchains they’re on.
• Security: Not all DeFi wallets are created equal when it comes to security. Look for a wallet with MPC, MFA, and other encrypted security measures if you want a hot wallet. As for a cold wallet, CC EAL6+ certified chips offer the highest level of security available.
• Device and platform compatibility: Most of the DeFi wallets in this review are mobile-first – they’re compatible with Android and iOS. But if you’re more comfortable managing your crypto on a computer, you need a wallet that’s Windows- or macOS-compatible.
• Ease of use: A user-friendly DeFi wallet that’s easy to use and manage will make your life easier, especially if you’re a crypto newbie. The Best Wallet app is a good example of this, and behind the scenes is a powerful DeFi wallet with advanced security and features.
• Reputation: There are a lot of fly-by-night DeFi wallets on the market. So we delve into the user experiences of each of the wallets in our reviews. The likes of Trustpilot and Reddit are our go-to hunting grounds. We suggest you take a look too.

How to Set Up a DeFi Wallet

The crypto world can be complicated at times, but thankfully, setting up a DeFi wallet is a comparatively simple process. Of course, the setup process differs slightly between hot and cold wallets, but they share many similarities.

For the purpose of this guide, we’ll be using the Best Wallet app as a beginner-friendly and convenient option.

Step 1: Install the Official App

To get started, you need to install the app on your smartphone. You can do this by visiting the official Best Wallet website. There you’ll find a QR that you can scan to download the app to your phone.

Alternatively, visit the Google Play Store (if you use an Android) or Apple App Store (iOS) and download the Best Wallet app directly from there. Either way, the Best Wallet app is free to use.

Step 2: Create an Account

Once you’ve downloaded Best Wallet to your device, open it and select ‘Get Started.’ Remember, Best Wallet is a no-KYC app, but to set up an account, you need to enter your email address.

Next, Best Wallet will prompt you to set up two-factor authentication using your mobile number. This is optional, but it increases the security of your DeFi. So we recommend taking a moment to set up the 2FA right away.

Next, create a four-digit PIN. Bear in mind the cardinal rule – 1234 is a terrible PIN, however easy it might be to remember. Choose a PIN that only you know. Unless you enable biometric logins, you’ll need that PIN every time you want to open the Best Wallet app.

Security is our favorite ‘S’ word, though. That’s why we recommend enabling biometric login too. It ups the security factor and makes signing in simpler. Simply use your fingerprint (Android) or facial recognition (iOS) to access the Best Wallet app.

Step 3: Top Up Your DeFi Wallet with Funds

Now that your DeFi wallet is set up and ready to use, you may want to add funds. If you’re starting from scratch and don’t yet hold any crypto, you can buy tokens using good ol’ traditional fiat. That means a bank transfer, Google Pay, PayPal, or a debit/credit card.

Keep in mind, though, that the fiat payment options available to you will depend on the region you’re in. At the top of the Best Wallet homepage is a window with transaction options. Select ‘Buy.’

Now it’s time to select the token you want to buy. From Ethereum to Bitcoin to Doge – and everything in between, the choice is yours. Remember, you can also buy the best cheap crypto (those in presale) through the Best Wallet app.

Enter the amount you want to spend in the fiat currency, and the app will automatically show you the token equivalent amounts. Then it’s time to select ‘Buy.’ At that point, the Best Wallet app will connect you to a trading platform to complete your purchase.

Don’t forget – you’ll need to include extra funds to cover the network and transaction fees, also called gas fees. Once the transaction has gone through, your tokens will appear in your wallet.

Step 4: Access the Built-in dApps

Like all the wallets in this review, you can use WalletConnect in the Best Wallet app to access and interact with a wide range of dApps. That said, Best Wallet also has a growing range of dApps. Access those by selecting ‘Apps’ at the bottom of the homepage.

Here you will find staking apps, such as Rocket Pool and Lido. Both dApps enable you to stake $ETH to earn rewards.

As for DeFi access, currently Best Wallet gives you direct access to Dex Screener and DexTools, for real-time price charts, trending tokens, trading history, and other blockchain information. You also have access to the multichain PancakeSwap DEX.

That’s not all you’ll find on the App page, where you can discover the latest crypto news and visit top exchanges directly. Perhaps best of all, though, is the project directory of the best new cryptocurrencies currently in presale.

The Takeaways on DeFi Crypto Wallets

A DeFi cryptocurrency wallet gives you direct access to the best of the crypto world – decentralized finance and dApps. In other words, it opens the door to more cryptocurrencies and platforms.

That’s the epitome of convenience right there – you need not hop from one wallet to another to perform the transaction you want. Choosing the best DeFi wallet to suit your needs takes consideration, though.

A hot wallet is ideal for regular traders and storing smaller amounts of crypto. If that sounds like you, then Best Wallet is well worth considering. It’s secure, convenient, and easy to use. Best of all, it enables you to buy presale tokens, in addition to giving you access to DeFi and dApps.

That said, a cold wallet, like Cyperock, is a solid option for optimum private key storage, especially if you hold a large amount of crypto. It’s super secure, as your private keys will never be exposed to online threats.

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FAQs

1. What is a DeFi wallet?

A DeFi wallet is a non-custodial wallet that gives you direct access to a range of DeFi services, like multichain swaps, staking, lending, and more. And because a DeFi wallet, like the Best Wallet app, connects directly to dApps and blockchains, you don’t need to rely on intermediaries.

Your wallet, however, does need to have high security measures in place to keep your private keys and digital access safe at all times.

2. Are DeFi wallets safe?

The best DeFi wallets are indeed generally safe. Remember, though, they’re designed to interact with DeFi and dApps. And because DeFi is often the target of hackers, it’s very important that your DeFi wallet has advanced security protocols.

Most of them do, and most certainly, the DeFi wallets in our review score top marks in the safety department. But not all DeFi wallets are created equal. Be sure to check out the security protocol of a wallet before you pick it.

3. Which DeFi wallet is the best in 2025?

Best Wallet takes the top spot as the best DeFi wallet of the year. This fully non-custodial hot wallet is multi-currency and multichain, giving you access to an impressive range of dApps and other DeFi.

If you’re looking for a cold wallet, however, we reckon Cypherock is the top contender. It takes security to the next level, using Shamir’s Secret Sharing to split your private key into five parts.