15 Best WalletConnect-Compatible Wallets for Crypto Storage

Today, many people are talking about WalletConnect for securing transactions using crypto wallets and decentralized applications (DApps). People who want to add extra layers of security to their transactions can benefit from using WalletConnect-compatible wallets for crypto storage. This guide will touch on WalletConnect, DApps, crypto wallets and some of the best WalletConnect-compatible wallets for 2024.

Key Takeaways:

• Founded in 2018, WalletConnect is an open-source protocol that uses deep links or QR codes to connect wallets and DApps that are compatible with it. 

• WalletConnect has recently expanded its product suite to further enhance user experiences with the internet of ownership, a concept that emphasizes user control, choice and composability. 

• Some of the best WalletConnect-compatible wallets include Bybit Web3 Wallet, Trust Wallet and MetaMask.

What Is WalletConnect?

WalletConnect is an open-source protocol, founded in 2018, which uses deep links or QR codes to connect wallets and decentralized applications that are compatible with it.

Although WalletConnect is often mislabeled as an application, it isn’t one — contrary to popular belief. Rather, it’s a protocol which uses a shared key between peers to create an encrypted connection for devices, decentralized applications or wallets. 

As of mid-2024, the protocol is compatible with over 500 crypto wallets, and even more applications. Some of the most common WalletConnect-compatible wallets include Trust Wallet, MetaMask and Rainbow Wallet. 

One key purpose for using the protocol with WalletConnect-compatible wallets is creating a more reliable connection. The protocol helps solve past accessibility issues, which often required people to install multiple browser extensions, or create new crypto wallets and transfer funds to access certain DApps. 

What Are DApps?

DApps — decentralized applications — exist on a peer-to-peer network or blockchain. These digital applications aren’t controlled by any single authority, and may be developed for social media, finance, gaming or other purposes. 

Today, many DApps are built on the Ethereum blockchain. Some of the reasons why developers create DApps include fewer censorship risks, enhanced user privacy and development flexibility. However, DApps also present scalability issues, and modifying code can present challenges.

What Is a Crypto Wallet?

A crypto wallet is an application that people use to access and store crypto assets they own. Similar to a tangible wallet that holds cards and cash, a crypto wallet is a digital variant that keeps passkeys for different assets. These passkeys are necessary for making transactions. In the past, crypto transactions required manually entering long keys. However, today crypto wallet applications handle the complexities of crypto transactions.

Crypto wallets also have public keys, which are addresses that people can see to ensure that they’re making a transaction with the correct party. However, only the holders of crypto wallets can see their own private keys for transactions.

How Does WalletConnect Work?

WalletConnect has recently expanded its product suite to further enhance user experiences with internet of ownership, a concept that emphasizes user control, choice and composability. This expansion includes the introduction of AppKit and WalletKit, two innovative frameworks designed to streamline and secure interactions between wallets and applications.

AppKit offers a comprehensive set of tools for application developers, facilitating easier integration and better user interfaces. This SDK supports various frameworks, such as React, Vue and Svelte, and allows for the creation of customized user interfaces with options for light and dark modes. Key features include EIP-6963 compliance, email wallet connections, fiat-to-crypto transactions via Onramp and a multi-chain setup that’s compatible with hundreds of wallets like MetaMask and Coinbase. Additionally, AppKit provides a transaction history view that enhances user transparency and trust.

WalletKit is designed to empower wallet developers with features that prioritize security and seamless connectivity. It includes a Sign API that enables DApps to request users to sign transactions or messages directly, and an Auth API that simplifies the verification of wallet address ownership. WalletKit’s chain-agnostic design ensures that developers can support multiple blockchains efficiently, which is vital for creating flexible and resilient applications.

Together, these products not only enhance the functionality of WalletConnect but also align with the platform’s mission to be the UX platform for the new internet, ushering in an era where digital ownership and decentralized technologies are accessible, secure and user-friendly.

WalletConnect makes it possible to enhance security for transactions without revealing the personal information of any parties involved. In comparison with browser extensions, this protocol is much more private, and is also a lot safer. 

Best WalletConnect-Compatible Wallets for Crypto Storage

WalletConnect offers a versatile and seamless integration platform for developers, enabling connections to over 6,000 applications across 150 blockchain networks. This tool is designed to enhance user experience significantly by incorporating advanced features related to authentication, security and beyond. With compatibility across multiple programming languages — including JavaScript, React Native, Swift, Kotlin, Flutter and C# — WalletConnect provides a robust framework for developers who want to innovate and optimize their blockchain applications efficiently. 

Although most crypto wallet apps are free to download and use, there are other fees that are included when making transactions. Crypto wallet users may have to pay service fees, platform fees, and blockchain gas fees based on the market rate. 

Wallet creators don’t receive these gas fees, and have no control over their fluctuation. However, wallets typically allow users to set a variable or tiered transaction fee, which usually corresponds with the speed needed for a transaction. For example, setting a higher fee means that there will be a faster processing speed. On the contrary, people may set lower fees for non-urgent transactions. Of course, processing fees may also depend on the different third-party processors for wallet providers who use third parties. 

If you’re looking to create a new wallet, the following are the best WalletConnect-compatible wallets you can use.

1. Bybit Web3 Wallet

Bybit Web3 Wallet is an exceptional choice for users seeking a wallet that’s versatile, comprehensive and WalletConnect-compatible. Ideal for those who desire robust features and extensive cryptocurrency management, Bybit Web3 Wallet caters to a wide range of crypto enthusiasts, and supports over 1 million cryptocurrencies.

Bybit Web3 Wallet is compatible with more than 30 blockchains, offering unparalleled flexibility and reach. It provides storage for NFTs from Ethereum and other compatible blockchains, ensuring users can manage their digital collectibles with ease. The wallet's intuitive design and extensive support for various cryptocurrencies make it a user-friendly option for both novices and experienced traders.

Beyond basic storage and transactions, Bybit Web3 Wallet is packed with additional features. Users can stake to earn crypto rewards, trade cryptocurrencies directly within the wallet and benefit from seamless integration with Bybit’s ecosystem. It supports multiple types of wallets, including Bybit Cloud Wallet, seed phrase wallets, keyless wallets and third-party wallets such as MetaMask.

Available for both desktop PCs and mobile devices, Bybit Web3 Wallet ensures users can access their assets anytime, anywhere. The app is designed to be secure and convenient, catering to the needs of a dynamic and fast-paced crypto environment, making it one of the best WalletConnect-compatible wallets on the market.

2. Trust Wallet

Trust Wallet is one of the best WalletConnect-compatible wallets for busy people who want one that does everything and manages a wide range of cryptocurrencies.

This crypto wallet supports over 1 million cryptocurrencies and is compatible with at least 50 blockchains. Also, the wallet can store NFTs from the Ethereum blockchains. The app has a user-friendly design and supports a wide range of cryptocurrencies. While many wallets exist only for crypto storage and transactions, Trust Wallet has other useful features that users like, such as staking, which allows users to earn crypto rewards. Users can buy and sell crypto within the crypto wallet.

According to Trust Wallet's website, the app is free to use for Apple or Android mobile devices. However, there are two potential drawbacks. First, the crypto wallet uses hot storage. This means that it stores everything online. As you might guess, offline or cold storage is more secure, as it’s less vulnerable to cyberattacks. And second, the wallet doesn’t have a browser extension or a web version.

3. MetaMask

MetaMask isn’t the best WalletConnect-compatible crypto wallet for beginners, but it is excellent for users who prefer maximum anonymity and only use Ethereum-based crypto.

MetaMask's hot wallet supports more than 450,000 cryptocurrencies on the Ethereum, Avalanche and Polygon chains. In addition to receiving or making crypto payments, users can buy and store ERC-20 tokens or NFTs and exchange cryptocurrencies. Users don’t have to include any personal information that makes them identifiable, and they can set up multiple addresses across blockchains for extra anonymity with their WalletConnect-compatible wallets.

This crypto wallet is free to use for crypto storage. According to its website, theswap fee the platform charges is 0.875%, which is automatically factored into every quote. This crypto wallet comes with some potential drawbacks, one of which is that there’s no option to reset a password. Additionally, only tokens based on the Ethereum chain are supported, which rules out storing your BItcoin on it.

4. Ledger Live

Ledger Live offers versatile features for both new and seasoned users, and it’s good for people who prefer cold storage.

According to the Ledger Live website, users can receive and send more than 5,500 cryptocurrencies through the app. Also, they can manage even more cryptocurrencies from external wallets. 

Ledger Live is the proprietary software that’s used for Ledger hardware cold wallets. There are three Ledger hardware options: Stax, Nano X and Nano S Plus. Users can compare the different features of these crypto wallet devices to select one for their needs.

These WalletConnect-compatible wallets feature high-level security with their chip cards. The devices are also less expensive than some other hardware wallets. In addition, it’s great that the keys are never accessible via the web.

While the app is free to use, there are a few potential drawbacks. The Nano wallets aren’t as mobile-friendly as some competing products. These external wallets range in price from about $79 to $179.

5. Rainbow

Rainbow is a hot-storage crypto wallet that’s great for users who have Ethereum-based assets and want a quick, one-stop place to manage them.

This crypto wallet is available for Android and Apple devices. Users can quickly send assets to ENS names instead of addresses; see transaction history; import seed phrases from other wallets; and manage DeFi tasks within the app. Another advantage to this crypto wallet is that users can back up their private keys or seed phrases on iCloud for recovery — so that they don’t have to worry about losing access to the account.

Rainbow doesn’t charge users to store, send or gift assets with their WalletConnect-compatible wallets. For people who have digital assets that exist outside of the Ethereum blockchain, the main disadvantage is that Rainbow is for Ethereum assets only.

6. MyEtherWallet

MyEtherWallet is one of the better WalletConnect-compatible wallets for businesses, individuals and experienced users who prefer cold storage.

This crypto wallet uses open-source software and is available to Apple or Android users. Because the wallet uses cold storage for Ethereum coins, users have full control over their assets and can store information on their computers or external devices. The wallet's design makes swapping digital assets simple, without the need to use external exchanges or platforms.

This free-to-use crypto wallet lets users interact with DApps and smart contracts and manage NFTs. One disadvantage, however, is that it only supports Ethereum coins and assets from Ethereum-compatible chains — for example, Binance Smart Chain, Polygon and Ethereum Classic assets.

7. SafePal

SafePal, a top crypto wallet for Ethereum and Bitcoin users who want affordable cold storage, features three main crypto hardware devices: the S1, S1 Pro and X1. These hardware wallets are sold online and priced around $49.99 to $89.99 as of July 2024. The SafePal app, which is available for Apple and Android, integrates with them and other DApps through WalletConnect. Users can store, trade and manage a wide range of compatible crypto assets. There’s a self-destruct feature that prevents malware attacks. This simple-to-use wallet is also great for beginners seeking WalletConnect-compatible wallets, as it doesn’t charge fees for receiving or sending assets.

8. Argent Wallet

Argent wallet is a feature-packed choice that’s great for beginners and users who have ERC-20 tokens or Ethereum assets.

This crypto hot wallet allows users to securely store their digital assets with multiple layers of security, and they can store private keys safely in it as well. The app is available for Apple and Android devices. By using platform services, users can also earn interest. Additionally, they can buy cryptocurrencies within the app using a credit card. Argent Wallet is free to use. One of the features people like most is that Argent lets users choose which currencies they want to use to pay gas fees.

Argent wallet doesn’t support non-Ethereum assets, and fees for credit card purchases can be high. There’s also no web-based interface, which some may consider a detriment. However, this shortcoming also helps reduce vulnerabilities.

9. Math Wallet

Math Wallet is one of the preferable WalletConnect-compatible wallets for users who want multi-chain storage with a high level of security.

This crypto wallet app is flexible and decentralized, supporting more than 100 digital assets including Bitcoin, Ethereum, Filecoin, Polkadot and Cosmos. It’s available for Apple and Android devices.

One major advantage for users is the ability to stake crypto within the app. There are mnemonic phrases, private keys, two-factor authentication (2FA) and other forms of security. Another advantage is that people can use Math Wallet for hot storage, or integrate with Ledger for cold storage.

Although there are typical transaction fees, it’s free to store digital assets and to use the crypto wallet. There are two potential drawbacks: Some users report multiple glitches, and customer support doesn’t seem to be helpful in fixing them. Also, some features may be slow to load.

10. imToken

imToken is one of the best WalletConnect-compatible wallets for both versatile storage of digital assets on multiple blockchains and quick network-changing abilities.

This crypto wallet allows Android and Apple users full control of their assets via a mobile app. According to the website, users can stake tokens to earn daily rewards. The crypto wallet provides hot storage that supports thousands of digital assets. Users can store tokens including ATOM, XTZ, DOT, CKB, BCH, FIL, TRX, KSM, LTC, EOS, ETH and BTC. 

Switching between networks is as simple as selecting options from a menu. There’s also offline signature security with cold storage in a Layer 2 hardware wallet for $109. The imToken wallet is known for having transaction fees as low as 0.1% or $3 in some cases. Although users must pay gas for transactions, imToken added an inbuilt exchange on its platform to allow users to swap stablecoins and cryptos for free.

One potential disadvantage is that there’s currently no web or desktop version. The wallet doesn’t have as many secondary security measures as some other wallets. Also, some users complain that communications and/or parts of the site are difficult to understand because they’re poorly translated.

11. Unstoppable Wallet

Unstoppable Wallet is a good choice for new investors, or for people who want a simple-to-use wallet for storing a wide range of cryptocurrencies.

Unstoppable is one of the newer WalletConnect-compatible wallets available. Users can store Litecoin, Bitcoin, Ethereum, Zcash, Dash and many other ERC-20 tokens. This noncustodial wallet lets users add a layer of security by using touch ID or facial recognition to lock and unlock. Also, the crypto wallet supports migration with other popular wallets. There are real-time estimations for transaction fees with Ethereum and Bitcoin.

The crypto wallet itself is free to use, and allows free storage. Fees are flexible, and theUnstoppable Wallet app is available for Android and Apple users. Its potential drawbacks are that it has neither a multi-signature feature nor two-factor authentication.

12. Safe (Previously Known as Gnosis Safe)

Safe (previously known as Gnosis Safe) is a good wallet for users with Ethereum assets only, and it’s ideal for people who want multi-signature security.

This crypto wallet has a simple design and lets users borrow, earn and invest crypto assets. Although many users who choose it prefer the desktop version, there’s a mobile app on the Google and Apple app stores. Safe supports ERC-20 tokens, ERC-223 tokens and ERC-721 collectibles. Users like this wallet's multiple layers of authentication and its multi-signature feature. According to the website, its platform also shows users fiat-equivalent values for their assets.

Safe allows users flexibility to connect with offline storage and use hot storage from the platform. However, there is a wallet deployment fee to use it. Currently, the fee is 0.005 ETH. Users can access a free demo before committing to the purchase. Another potential disadvantage with the Safe wallet is that it only supports Ethereum-based assets.

13. OMNI (Previously Steakwallet)

OMNI (previously known as Steakwallet) is a top choice for staking AKT, CELO, ATOM and a wide range of other tokens.

OMNI currently supports most major Layer 1 blockchains and a significant number of Layer 2 blockchains. As such, it supports thousands of digital assets across chains such as Ethereum, Arbitrum, Solana, and Polygon. 

Users like the app's aesthetic design, simple staking features and importing options. The wallet allows easy importing from Phantom, MetaMask and more. Also, people can use one secret phrase across multiple chains, enjoy a noncustodial structure and even purchase crypto with a debit card.

OMNI is free to use for storing crypto. Users can download it from the Apple or Google stores. A potential disadvantage of the app is that some users report glitches, crashes and/or installation issues.

14. BitPay

BitPay is a good wallet for users who have a wide range of crypto assets and want the ability to swap or earn as well.

BitPay offers multi-signature security and optional key encryption for its noncustodial wallet. Users appreciate being able to easily manage assets across several platforms in one place. BitPay offers multi-factor security and allows splitting payment authorization across up to 12 devices. The app is available in the Google and Apple stores, and users have the option to turn their crypto assets into gift cards for popular stores or send them to a BitPay debit card.

One disadvantage is that network fees tend to be high for buying crypto assets. Also, the ID verification process eliminates full anonymity. However, the wallet is free to use, and it automatically converts cross-currency payments without fees.

15. AlphaWallet

AlphaWallet is a good wallet for people who prefer a self-custodial structure, instead of a noncustodial one, for Ethereum assets.

This wallet offers offline storage solutions, which makes it more secure than a typical hot wallet. Since it utilizes Secure Enclave, users have advanced security. The open-source wallet is free to use. In addition to its desktop version, there is an app for both Android and Apple users. AlphaWallet supports all the popular Ethereum-based crypto tokens and NFTs. Users also like that they can tokenize business assets.

One potential disadvantage is that AlphaWallet isn’t a strong choice when it comes to exchanging tokens. Also, it only supports Ethereum assets. In addition, the network may be backed up or overloaded sometimes.

Is WalletConnect Safe To Use?

Yes, WalletConnect is safe to use. As it’s a protocol instead of an app, it’s more secure by nature. The protocol creates a connection between DApps and WalletConnect-compatible wallets with user approval only, and requires additional approval for transactions. 

Additionally, the protocol never reveals private keys to DApps. These factors make it a great choice for anyone who’s considering using it with WalletConnect-compatible wallets.

The Bottom Line

Using wallets that are compatible with the WalletConnect protocol provides a more secure way to interact with DApps and make transactions. For enhanced satisfaction, users should make sure they understand common fees that exist with every crypto transaction. Also, users concerned about losing access to crypto storage wallets that don’t offer recovery assistance outside of seed phrases should seek WalletConnect-compatible wallets with features that reduce this risk.

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