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Wallet Comparison

When interacting with Solana, your wallet choice affects user security, usability, and onboarding experience. Here’s a breakdown of different wallet types:
Wallet TypeDescriptionExamplesRecommended
Hot WalletInternet-connected, fast, and convenient for frequent use.Phantom, Backpack, SolflareEveryday users, DeFi, NFTs, dApps
Cold Wallet (Hardware)Offline storage with top-tier security. Private keys never touch the internet.Ledger, TrezorLong-term holders, large portfolio protection
Custodial WalletKeys managed by an exchange or third party for simplicity and recovery support.Coinbase Exchange, BinanceBeginners, users who prefer convenience over full control
Smart Contract WalletOn-chain programmable wallets with features like multi-sig and recovery.Squads,Teams, DAOs, advanced DeFi setups
Embedded WalletAbstracts keys for smooth Web2-like onboarding (via email, social, etc.).Privy, Web3AuthApps that onboard non-crypto users

Privy

You can easily empower non-crypto users with social login and onramp through Privy’s embedded wallet. Roll Dice GIF