Why startups should choose decentralized crypto wallets
First things first, what is a decentralized crypto wallet? A crypto wallet decentralized, also known as a non-custodial wallet, enables users to maintain complete control over their private keys and digital assets. Unlike centralized wallets, which rely on third parties to manage assets, decentralized wallets empower users to engage directly with their cryptocurrencies for security and autonomy.
Startups should consider integrating or developing decentralized wallets for the following main reasons:
Increased security – Users retain control over their private keys, significantly reducing the risk of hacks and unauthorized access. This self-custody model enhances user trust and safety.
Attracting users seeking autonomy – There are over 320 million cryptocurrency users worldwide as of 2022, with a substantial number gravitating towards decentralized solutions for the independence they offer.
Supporting ecosystem products – Decentralized wallets facilitate interactions with various decentralized finance (DeFi) applications, NFT marketplaces, and token staking platforms. This integration can enhance the utility of a startup’s offerings and attract a broader user base.
Revenue growth and reputation – By offering a secure, user-friendly wallet solution, startups can increase revenue through transaction fees from user activities like sending cryptocurrencies and engaging with decentralized applications. Also, prioritizing security and usability helps build a strong reputation.
Given these reasons, it is no surprise that the demand for decentralized crypto wallets is surging. More specifically:
- The DeFi market alone was valued at approximately $86 billion as of mid-2024, indicating a robust interest in self-custody solutions.
- There are approximately 6.68 million unique addresses actively engaging with DeFi applications, which implies a growing user base for decentralized wallets.
- Uniswap V3, one of the leading decentralized exchanges, recorded over 7.8 million monthly visits. This showcases the popularity and usage of platforms that require decentralized wallets for transactions.
Top 10 best decentralized crypto wallets in 2025
This table provides a comprehensive overview of what is the best decentralized crypto wallet with their characteristics. It allows you to compare them effectively as you consider your options in the decentralized crypto space.
| Name | Fee | Wallet types | Numbers of cryptos supported |
|---|---|---|---|
| Meta Mask | 0.875% (built into the exchange rate) | Hot wallet | 500,000+ |
| Trust wallet | No fees for sending; variable for swaps | Hot wallet | 200+ |
| Ledger Nano S | Commission built into the exchange rate | Cold wallet | 5,500+ |
| Exodus | Varies by currency and 3rd party | Hot wallet | 300+ |
| Trezor Model One | Approximately 4.5% to 6%, depending on the selected provider and cryptocurrency | Cold wallet | 1,200+ |
| Atomic Wallet | No extra fees for transactions, but swap fees apply | Hot wallet | 300+ |
| Margex wallet | Market makers pay a 0.019% fee, while market takers are charged 0.06% | Cold wallet | 100+ |
| Uniswap wallet | The swapping fee is 0.3%, with a potential future fee of 0.05% for liquidity providers only | Hot wallet | 1,800+ |
| Zengo | No fees for receiving or sending crypto. Offers discounts for Pro customers. Applies varying fees for transactions. | Hot wallet | 120+ |
| Crypto.com DeFi Wallet | Free but users pay network fees and a 0.05% service fee on DeFi earnings | Hot wallet | 1,000+ |
Following the overview of the top decentralized crypto wallets, we will now provide a detailed assessment of these ten wallets. With it, you can make a more informed decision based on your specific needs and preferences.
1. Meta Mask – top Ethereum-focused decentralized wallet
MetaMask is a widely used decentralized crypto wallet with over 30 million users, primarily focused on Ethereum and ERC-20 tokens. Available as a mobile app and browser extension, it facilitates buying, selling, swapping, and staking of cryptocurrencies, featuring a built-in token-swapping tool for trades without centralized exchanges.
Best for: Those looking to engage with the Ethereum ecosystem and DeFi applications
How can users benefit from this wallet?
It supports any Ethereum coin or ERC-20 token, making it ideal for beginners and seasoned users. With seamless connections to popular dApps like OpenSea and Uniswap, users can easily engage with decentralized applications, DeFi services, and NFTs.
Besides, MetaMask features built-in staking and token swap tools for enhanced functionality. With over 30 million users, it stands out as one of the best decentralized wallets for managing ERC-20 tokens.
What can you learn from them? Focusing on a user-friendly interface to attract beginners and integrating with popular dApps to enhance engagement. A non-custodial model fosters trust, while features like staking and token swaps improve user experience. Building a strong community can also drive growth and loyalty.
2. Trust wallet – user-friendly feature-rich crypto wallet decentralized
With over 60 million users, Trust Wallet allows individuals to securely store and manage cryptocurrencies and NFTs across more than 70 blockchains. It ensures that only users have access to their assets via a 12-word recovery phrase. The wallet features an intuitive mobile app and a Chrome extension, enabling users to buy, swap, and stake cryptocurrencies seamlessly.
Best for: Those seeking a secure, user-friendly wallet for managing a diverse range of cryptocurrencies
How can users benefit from this wallet?
Its extensive support of millions of tokens and compatibility with over 200+ cryptocurrencies make it perfect for managing diverse portfolios, offering seamless transactions and secure storage for any user.
As a fully decentralized wallet, it ensures user privacy by not storing private keys or personal data, while still allowing seamless connections to the Binance exchange. With over 60 million users, its user-friendly interface and robust features make it a top choice for beginners and experienced crypto investors.
What can you learn from them? One key lesson is the importance of multi-currency support, which allows users to manage a wide range of digital assets, enhancing user retention. Also, the wallet’s commitment to user privacy and non-custodial storage demonstrates the significance of building trust through transparency and security measures.
3. Ledger Nano S – secure offline self-custody wallet
The Ledger Nano S is a lightweight and secure hardware wallet from Ledger, a leading manufacturer in crypto space. Priced around $80, it supports over 5,500 cryptocurrencies and allows users to install up to 100 applications simultaneously. It offers offline storage for private keys while also supporting NFTs and staking for cryptocurrencies like Ethereum and Solana.
Best for: Those who want robust security features without the higher cost of the Ledger Nano X.
How can users benefit from this wallet?
Users can benefit from its robust security features and cold storage capabilities, ensuring that private keys remain offline and protected from cyber threats. With support for over 5,500 cryptocurrencies, it provides a versatile solution for managing diverse digital assets.
The wallet’s user-friendly interface and easy recovery process make it accessible for beginners and seasoned investors. Besides, its compatibility with more than 50 third-party wallets and a dedicated mobile app enhances functionality.
What can you learn from them? This wallet provides great user experience and security with its intuitive interface and robust cold storage. Its support for a wide range of cryptocurrencies and NFTs shows the value of multi-asset compatibility. Plus, integration with the Ledger Live app provides a seamless mobile experience for convenient asset management.
4. Exodus – popular secure decentralized wallet with built-in exchange
Exodus is one of the most user-friendly decentralized wallets for crypto supporting over 300 cryptocurrencies, allowing asset management and swaps without KYC verification. It offers staking for coins like Cardano and Solana and can be paired with a Trezor wallet for enhanced security. While it lacks two-factor authentication, Exodus provides a simple recovery process and strong customer support, making it suitable for all users.
Best for: Beginners and experienced users wanting a user-friendly wallet with a focus on privacy and security.
How can users benefit from this wallet?
It supports over 300 cryptocurrencies and offers a built-in exchange, allowing seamless asset management and trading without relying on centralized exchanges.
Besides, Exodus provides 24/7 customer support to ensure assistance is always available. The option to stake popular cryptocurrencies and the ability to connect with a Trezor hardware wallet for cold storage further enhance security.
What can you learn from them? The multi-asset support and built-in exchange feature highlight the value of offering diverse functionalities within a single platform, catering to varied user needs without relying on third-party services. Its commitment to privacy, such as not requiring KYC checks, fosters trust and encourages user adoption.
5. Trezor Model One – affordable beginner-friendly wallet
Trezor Model One is a $70 hardware wallet with strong security features, including a 50-digit PIN and offline storage. It supports over 1,200 cryptocurrencies and allows users to buy, sell, and swap assets through the Trezor Suite app. Its compact design and user-friendly interface make it great for beginners, providing excellent value and security in the cryptocurrency space.
Best for: Beginners and casual users seeking an affordable, secure hardware wallet for managing diverse cryptocurrencies
How can users benefit from this wallet?
Users can benefit from its combination of affordability and security. As one of the cheapest hardware wallets on the market, it provides quality security features, including a robust companion app and compatibility with various devices via USB.
Also, with its user-friendly design and proven reliability, the Trezor Model One serves as an amazing entry point into the world of hardware wallets for new and experienced users.
What can you learn from them? Prioritizing affordability without compromising security is what you can learn for this wallet’s success. It builds user trust with robust security features like PIN protection and offline storage. Its intuitive Trezor Suite app enhances usability, and USB compatibility allows seamless integration with various devices.
6. Atomic Wallet – universal multi-currency wallet
Atomic Wallet manages over 300 cryptocurrencies, combining storage and exchange functions. It enables atomic swaps and integrates with Shapeshift and Changelly for easy transactions. Users can also purchase cryptocurrencies like Bitcoin and Ethereum directly with a bank card.
Best for: Beginners and experienced users seeking a solution for managing and exchanging a diverse range of cryptocurrencies.
How can users benefit from this wallet?
The crypto wallet decentralized includes a built-in exchange for seamless currency swapping and offers the ability to buy cryptocurrencies directly with a bank card, enhancing convenience.
Moreover, Atomic Wallet provides users with a 12-word recovery phrase, ensuring they maintain full control over their funds and security. With cross-platform availability on both desktop and mobile, it caters to users looking for flexibility in managing their crypto investments.
What can you learn from them? Using a modular architecture for easy updates, prioritizing security-first design to build trust, and ensuring cross-platform compatibility for better usability. Integrating community-driven features also fosters engagement and valuable feedback.
7. Margex Wallet – advanced trading crypto wallet
As one of the best decentralized crypto wallets, Margex wallet allows users to buy, sell, and withdraw cryptocurrencies directly, enhancing convenience but increasing exposure to online threats. To counter this, it employs robust security measures, including multisig cold storage, SSL encryption, and two-factor authentication.
Best for: Short-term traders and active investors who engage in leverage trading
How can users benefit from this wallet?
Its seamless integration with the Margex trading platform enables leverage trading up to 100x directly from the wallet. Users also benefit from attractive bonuses and competition opportunities, enhancing their experience beyond what hardware wallets provide. With robust multi-layer security protocols, Margex ensures a safe and user-friendly environment for cryptocurrency trading.
What can you learn from them? Integrating multiple features—like trading, staking, and copy trading—into one platform to enhance user experience. Prioritizing robust security measures builds trust, while offering unique financial products, like high-leverage trading, can attract risk-tolerant users. With these strategies, startups can create compelling offerings that resonate with their target audience.
8. Uniswap Wallet – secure decentralized wallet for Uniswap DEX
This secure crypto wallet decentralized connects to the Uniswap exchange for easy cryptocurrency trading. Developed by Uniswap Labs, it offers non-custodial control of private keys, recovery via iCloud or seed phrase, and supports multiple Ethereum-based tokens with a unique swap feature.
Best for: DeFi enthusiasts and active traders managing Ethereum-based assets.
How can users benefit from this wallet?
Its user-friendly design allows easy import of other wallets and smooth navigation. Also, the wallet employs spam filtering and safety warnings to protect users from potential scams and less reputable tokens for safer trading experiences.
What can you learn from them? Focusing on 3 key areas: enhancing user experience through a seamless and efficient interface to boost satisfaction, offering cross-chain functionality for easy management of diverse assets, and implementing innovative reward systems like “Swap to Earn” to increase user engagement.
9. Zengo – multi-chain wallet using MPC to eliminate seed phrases
Zengo Wallet enhances security with multi-party computation (MPC) technology, replacing traditional seed phrases with three-factor authentication using a 3D face scan, email, and recovery file. Launched in 2018, it has never been hacked and serves over one million users.
Best for: Users seeking secure, easy cryptocurrency management without seed phrases.
How can users benefit from this wallet?
It offers users a secure and user-friendly experience for managing cryptocurrencies and NFTs. With support for over 120 cryptocurrencies, Zengo allows seamless buying, selling, and trading directly within the app.
Its innovative self-custody model eliminates the need for seed phrases, enhances security, and simplifies recovery. Besides, Zengo features a built-in dApp marketplace with WalletConnect integration, providing access to top Web3 applications.
What can you learn from them? Startups can learn from this wallet’s security, user experience, and business model innovation. By using MPC, Zengo builds user trust. Its intuitive interface makes technology accessible while the subscription model provides ongoing value. These strategies can help startups create sustainable and trustworthy products.
10. Crypto.com DeFi Wallet – best DeFi wallet for advanced users
This non-custodial wallet supports over 1,000 cryptocurrencies across 30+ blockchains, including Ethereum and Cronos. Users can swap assets, store NFTs, and earn passive income on 25+ tokens. It features multi-factor authentication and local encryption for security.
Best for: Crypto users seeking control, security, and DeFi engagement.
How can users benefit from this wallet?
It offers comprehensive features tailored for dApps and experienced crypto enthusiasts. It offers full control over private keys, allowing users to manage their assets securely while participating in innovative DeFi markets.
The wallet has received positive feedback from users, highlighting its ease of use and functionality. Plus, it enables seamless importing of other wallets, making it convenient for users transitioning to this platform.
What can you learn from them? User experience, real-time data integration and market adaptability are worth noting. Focusing on intuitive design and seamless onboarding enhances engagement, while flexible product offerings meet diverse user needs.
Integrating crypto wallets or building a new one – What are the differences?
To compare the integration of existing wallets versus building a new decentralized wallet, you should consider the benefits and challenges associated with each approach. Below is a summary table outlining these aspects, along with related recommendations.
| Aspect | Integration of Existing Wallets | Building a New Wallet |
|---|---|---|
| Benefits | Quick deployment and reduced development time | Tailored features to meet specific user needs |
| Access to established user bases and trust | Full control over security and user data | |
| Lower initial costs | Unique branding and competitive differentiation | |
| Challenges | Limited customization options | Higher development costs and longer time to market |
| Dependence on third-party services | Requires ongoing maintenance and updates | |
| Potential security vulnerabilities from third-party integration | Need for robust security measures from scratch | |
| Recommendations | Startups with limited resources may benefit from integration | Larger startups or those with niche markets should consider building their own wallet |
Pro tip: When deciding to build new decentralized crypto wallets for competitive advantage, startups should consider:
- Market gaps: Tailored wallets can attract users if existing options lack essential features.
- Unique value proposition: Standout features like enhanced security can differentiate the wallet.
- User experience: Intuitive design can draw users from wallets with poor interfaces.
- Adaptability: Custom wallets allow quick adjustments to changing trends and new features.
- Brand identity: This wallet fosters customer loyalty and aligns with the startup’s values.
- Long-term strategy: Building a wallet supports broader goals for growth in the cryptocurrency ecosystem.
Synodus – Your trusted partner in decentralized crypto wallet development
Synodus is one of the top-rated partners specializing in the development of the best decentralized crypto wallets, with extensive experience in blockchain projects. The company offers a comprehensive suite of services, including DApp development, DeFi solutions, NFT development, and crypto wallet integration into existing ecosystems.
Our expertise through successful case studies
DeFi For You – Decentralized Crypto Wallet
Overview: Synodus integrated a decentralized crypto wallet into the DeFi For You platform, allowing users to manage transactions without switching between multiple applications like MetaMask. This integration streamlined actions such as signing, fund approval, and transactions.
Key results:
- Project duration: 7 months
- Team size: 20 professionals
- Technical stack: Utilized Ethereum, Binance Smart Chain, Solidity, Flutter, iOS, Android, and TrustWallet Core.
- Security enhancements: Implemented robust encryption and secure storage of private keys.
- Interoperability achievements: Successfully integrated with major wallet standards and multiple blockchain networks.
- User experience improvement: Developed an intuitive interface that facilitated easy account management and seamless transactions.
DeFi For You – P2P Lending Platform
Overview: This platform allows users to tokenize physical assets and use them as collateral for stablecoin loans. It aims to democratize access to credit for those lacking traditional banking options.
Key results:
- Project duration: 1.3 years
- Team size: 20 professionals
- Total transactions: Over 120,000 transactions made with DFY tokens
- Wallet holders: 28,700 DFY token holders
- Tokens sold before listing: 226,818,268 DFY tokens sold during IDO and pre-sale
- Tokens burned: 139,381,732 DFY tokens burned in quarterly burns.
Hola Pay – E-Wallet Startup Venture
Overview: An e-wallet designed for international e-money and cryptocurrency transactions aimed at reaching a user base of 3 million by the end of 2023.
Key results:
- Project duration: 4 months
- Team size: 5 professionals
- Technology stack: Utilized NodeJS, NestJS, PostgreSQL, Redis, Google Cloud Pub/Sub, Golang, Firebase, and Vault for a scalable and efficient platform.
- User milestone achieved: Successfully reached over 3 million users within the first year of launch.
- Wallet options: Catered to a broad spectrum of wallet types, including custodial and non-custodial options such as Hot, Cold, and Gas wallets.
- Security enhancements: Implemented multi-layer protection including two-factor authentication and Vault encryption to secure user data and transactions.
- Partnerships established: Forged valuable collaborations with prominent players in the fintech space, enhancing service offerings through API support.
Unique offerings for startups
Synodus provides competitive pricing for its services, ranging from $16 to $30 per hour, making it an attractive option for startups looking to develop decentralized wallets for crypto.
We also offer tailored packages for crypto startups, including the Funding Kickstart Package, Project Scope Blueprints, and Custom MVP Development, to streamline product launches. These packages address early-stage challenges by providing essential financial support, clear project planning, and rapid MVP development. This structured approach accelerates time-to-market, enhances market presence, and boosts growth potential.
Want to integrate or build a decentralized crypto wallet?
Conclusion
Decentralized crypto wallets are more than just a tool—they’re a gateway to innovation, user empowerment, and security in the ever-growing crypto space.
For startups, the choice to integrate or build a wallet isn’t just about technology; it’s about shaping a product that trully resonates with users and stands the test of time.
The top 10 decentralized crypto wallets have provided you with a deeper understanding of their features, the benefits they offer users, and valuable lessons you can apply if you decide to build your own wallet.
Remember, success lies in choosing the right partner and strategy to bring your idea to life. With the right tools and support, your journey to success in the decentralized world is within reach.
