Awesome Web3 Wallets for 2022

Awesome Web 3 Wallets for 2022

If you are someone with vast knowledge on cryptocurrency and the digital market, you must have heard about the web3 wallet and its awesome wonders. This wallet has significantly set a new industry standard in creating diverse ways to not only own but also monetize our assets, identity and content. 

With web3 wallets, you are able to use both software and hardware to access funds and interact with decentralized applications effortlessly. It also even serves as a gateway to financial services that are bankless, create on-chain identity, collect NFT’s and collaborate with communities.

Just like purses and wallets we use to store money and other valuables, these digital wallets store digital currencies securely.

Currently, there are several web3 wallet on the market that have been and are still making waves in the crypto space and they are quite easy to download and set up. Read to the end to find the one that’s suitable for you.

Guarda wallet

This web3 wallet has multiple platforms and it’s non –custodial. It allows you easily purchase well over 400 tokens and it also supports more than 60 blockchains. The guarda wallet is available as a goggle chrome extention, on the web, mobile phones (android and iOS), and desktop ( macOS, Windows and Linus).

On this wallet, tokens can be bought using SEPA transfer or better still, a bank card. You can also use prepaid visa cards to pay with crypto but this can only be gotten in the EU.

One mind-blowing thing about this web3 wallet is that its users can earn up to 20% in APY just by staking some assets in the wallet.

 It also has a section for learning called the Guarda Academy. Here, users can learn all they need to know about blockchain, DeFi and crypto.

This wallet absolutely requires no KYC and users are allowed to swap crypto without giving out any personal information.

Trust wallet

Trust wallet has been in existence for a very long time now and it’s a gaming wallet that gives access to thousands and thousands of cryptocurrencies and NFT’s hosted on diverse blockchains including Binance Chain and Ethereum.

Despite the fact that this amazing wallet offers a wide range of features, it doesn’t charge any wallet , dApp or swapping fees. It effortlessly allows staking and returns from earning held digital assets and it is totally non-custodial.

Currently, it doesn’t provide a web wallet or desktop for users. Moreover, several users have expressed concerns on cashing out their money but there wasn’t any documentation provided alongside the wallet itself. 

One of its major setbacks is it doesn’t provide 2FA thus, if someone intrudes your account, you won’t be able to stop their access as you can’t set up any confirmation code. It is safe to know that the trust wallet has been termed a “hot-wallet”. What this means is that it may be vulnerable to hacks.

MetaMask wallet

This is one of the most popular wallets currently used in web 3. It has over 21 million active users, it is user friendly and easily allows an interaction with the blockchain during account backup with a seed phrase. 

More so, this web 3 wallet lets users directly purchase ERC-20 tokens from the application itself and gives them total control of their private key. Therefore, it is also non-custodial. 

It supports trading on several custom chains including layer two solutions like Polygon and Binance Smart Chain. Also, due to how popular the metamask is, it can connect to apps that are decentralized.

However, since this web3 wallet is an online wallet, there is a high risk of it being hacked compared to cold wallets. Yes! this wallet doesn’t track your information  at all but the browser being used to access it could collect user data about how much you interact with the metamask extention and this could compromise your privacy.

Coinbase wallet

Another self-custody wallet that keeps making waves in the crypto space is the coinbase wallet. It offers access to a wide variety of  DApps and tokens, allowing to store your NFT’s in a place. 

This web3 wallet also offers easy access to decentralized finance and it also provides users the ability to link their Ethereum tokens to many DeFi projects. Users also get to partake in online airdrops that are legitimate, which totally increases their chances of acquiring free crypto coins.

The DeFi liquidity pools available allows users borrow and swaps accents on decentralized exchanges. The wallet supports ICO’s so users have access to new coins at the best price. This isn’t all as the coinbase wallet also lets users become members of DAO. This means they can participate in huge web 3 projects. 

Obviously, coinbase wallet is keen on securing users privacy so it not only stores the private keys locally, it also employs 2FA. It uses a 4 digit security pin to aid users unlock the wallet and make transactions.

Zerion wallet

This mobile-first web3 wallet is quite popular in the online space. It is an investing tool that allows anyone manage their NFT and DeFi portfolios without any hassle. One of its features that enables it stand out is its ability to allow users connect to wallets that are non-zerion including Ledger hardware wallets. This feature is not something you find anywhere so it’s a wallet that’s a must-have.

Zerion wallet has a bridging and trading aggregator across every major blockchain and it also helps users find sweet deals across all their devices whether it is an web app, iPad app or a mobile app. 

Another mind-blowing feature is its social feature. This allows users follow other people’s wallets, track their favorite assets and receive push notifications on NFT drops.

Subsequently, Zerion also shares a lot of tools to help other builders. It’s Websocket API allows developers to integrate the whole DeFI into their applications without the hassle of running their node infrastructure. It is also very safe and secure.


You can pick any from the web3 wallets above as they are quite popular and reliable. However, never forget to regularly back the wallet data file and seed phrase to prevent loading access.

Related: How A DeFi Web3 Wallet Is Created 

How A DeFi Web3 Wallet Is Created 

How A DeFi Web3 Wallet Is Created 

With the advent of the Web 3.0 internet phase, finance has taken a whole new different route. The typical financial system was built in a centralized fashion- intermediaries such as banks and other third party financial institutions were the ones in charge of money movement and many other financial activities.

This made them have almost absolute control over your financial life, while you had a limited control over your hard-earned money.  

Now decentralization of finance (DeFi) is the status quo, especially in the crypto space and the web3 wallet is at the core of this new financial system in the cryptoverse. DeFi gives you complete control over your money, digital assets, and access to financial services. 

The best part? 

You don’t need banks and other financial institutions to play “money-sucking” intermediary. 

The DeFi web3 wallet is essential to the development of the new financial system in the cryptoverse. In this piece, we shall be looking at how to create a DeFi web3 wallet. But first, we shall explore the benefits of creating one. 


The Non-custodial Feature: This feature of the DeFi web3 wallet ensures users store their digital assets without needing a third party. No one can access your tokens, and you have absolute control over all your assets. This also means you are solely responsible for the safety of your tokens. This guarantees financial independence. 

Super-fast Transactions: Traditional financial markets are pretty slow in processing transactions. To get a loan or to make a deposit in a traditional bank, it can take some days. However, the DeFi wallet is built on the blockchain and it requires just few seconds or minutes to process transactions. 

Avoid Paying Transfer Fees: DeFi web3 wallet users can also avoid paying transfer charges while making gains off their digital assets, loans and deposits.

Access Recovery Is Easy: If you ever lose access to your wallet, you could easily recover it with your seed phrase. 

An Offline Mode: An offline mode gives you the opportunity to store your recovery phrase. It’s best you don’t store it on your computer as that makes it prone to hacking and malware access. 

Going For The Best Offers: Users of Web 3 DeFi wallets like MetaMask can easily compare DEX prices and make the exchange after finding out the best offers. 

Web3 Apps Link To DApps: Web3 applications are mediums through which you can reach decentralized applications. This is gives you an advantageous position as there are no limitations brought about by centralized platforms. Web3 wallets offer engagement with DApps quite simply!        

Access to Financial Services: DeFi wallets typically have DApps (decentralized applications) which offer users financial services. Many if not all have in-built web browsers. So, you can access the web and gain more info on everything crypto while on your digital wallet. DeFi wallets are the full financial package we all need and they’re what Web 3.0 has come to offer us. 

Safety, Privacy and Anonymity: DeFi wallets ensure security and privacy as you alone have access to your seed phrase and private keys. You also appear anonymous when transacting with other users. This makes things quite easy for you. 


  1. Outline Your Objectives: Before creation, you must have a laid out plan and also know how the best nft wallet will solve some specific financial problems in the crypto space. You also need to determine whether it’ll run on the blockchain or not. Be sure to have a business analyst on board when planning on creating a DeFi wallet. 
  1. Determine The Architecture: This process involves deciding on how to store your wallet. You could either store it locally, in the cloud, or in a hybrid way (which involves both locally and cloud). However, cloud storage is still preferable. You’ll also need to select an access solution that’ll be convenient for your firm. 

It could be a hybrid blockchain, a private blockchain, public blockchain a permissionless solution. However, if you need a web3 DeFi wallet that has different types of responsibilities, then you best hire a blockchain team.

  1. Select The Consensus Algorithm: Every decentralized system has participants of a developer frame network required to verify a transaction. It could either by Proof of Work (PoW) or Proof of Stake (PoS).
  1. Select A Platform: Without a blockchain platform, you won’t be able to develop a DeFi wallet. Also consider some necessities such as affordability, stability, scale, and solutions. For instance, Ethereum operates an open-source platform. This minimizes cost and maximizing speed in development. 
  1. UX Design: Having a well-functioning backend isn’t enough as users will judge the DeFi wallet based on its user experience and interface. Thus, you need the services of a professional front-end designer and developer. He/she must be experienced in the creation of similar wallets. 
  1. Testing: One of the downsides of the blockchain is that once a crypto project is launched on it, changes can’t be made. Thus, you must ensure your DeFi web3 wallet goes through a testing phase before launch. MVP models are advised to scale and also connect it with other technologies like IoT, Big Data, and the likes.  


Web3 wallets give users access to DApps. They can also manage their assets without having to worry about the problems that come with centralization. However, you should know that the DeFi ecosystem’s success is dependent on how well web3 DeFi wallets perform. 

Still, it’s still much better than traditional banks and many other financial institutions. Many crypto firms and start-ups are going into the creation of DeFi wallets and this lets us know this new financial system is here to stay.

DeFi is one of the best things that ever happened to the cryptoverse and the web3 wallet is here to make transactions, interaction with DApps and storage easier. Getting into crypto is getting easier by the day. Web3 is gradually simplifying the technicalities involved in crypto and it can only get better from here!