Looking for the best DeFi wallets in 2025?
Whether you’re staking, trading, or exploring DAOs, at Material Bitcoin, we are here to share our thoughts on the best DeFi Wallets available.
This guide breaks down the top self-custodial DeFi wallets that are secure, multi-chain compatible, and have features to help you earn and stay in control of your crypto.
Best DeFi Wallets at a Glance
| Wallet Name | Type | Multi-Chain Support | Staking / Yield Features | Hardware Security | Target Users | Platforms |
|---|---|---|---|---|---|---|
| MetaMask | Hot | EVM-compatible (Ethereum, BSC, Polygon, etc.) | Swaps, Lido/Rocket Pool integrations | No | DApp users, DAO members | Browser, Mobile |
| Rabby Wallet | Hot | EVM-compatible + auto-chain detection | Compatible with DeFi protocols through browser | No | Power users, DeFi traders | Browser |
| XDEFI Wallet | Hot | EVM, Cosmos, Solana, Bitcoin, Thorchain | Native swaps, yield integrations | No | Yield farmers, cross-chain users | Browser |
| Keystone Pro | Cold | Supports EVM chains, Solana, Bitcoin | Via WalletConnect; requires pairing | Yes | Security-focused DeFi users | Air-gapped QR Scan |
| Trust Wallet | Hot | EVM, Solana, BNB, Cosmos, more | Built-in staking (ETH, BNB, ATOM) | No | Beginners, mobile-first users | Mobile |
| Trezor Safe 5 | Cold | EVM, BTC, LTC, SOL via integrations | Shamir Backup, MetaMask + staking partners | Yes | Privacy users, DeFi through bridge apps | Desktop (Trezor Suite, MetaMask) |
What Is a DeFi Wallet, and Why Does It Matter in 2025
To break it down in an easy-to-understand way, a DeFi wallet is a self-custodial wallet that also allows you to trade, stake, lend, and interact with NFTs and dApps.
The importance of having a self-custodial wallet has only become painfully clear in the last few years as major platforms like BlockFi, FTX, and Celsius have collapsed, freezing and losing access to over $4 billion worth of user funds!
If these collapses aren’t enough to scare you straight into a self-custodial wallet, then repeat after me: “not your keys, not your crypto“.
@belmaruncensoredNot Your Keys Not Your Crypto | Luke Belmar♬ original sound – Belmar Uncensored
DeFi wallets provide more than just self-custodial crypto storage.
They also allow for:
🔄📈Trading directly on decentralized exchanges (DEXs)
🌱💰Staking tokens on networks like Ethereum, Solana, and Cosmos to earn rewards
🤝🏦Lending and borrowing assets through protocols
👥🌐Managing NFTs, participating in DAOs, and accessing the full Web3 ecosystem
How to Choose the Best DeFi Wallet for Your Needs
There are hundreds of crypto wallets on the market, and finding the right DeFi wallet can be a challenge.
Our advice is to identify your crypto goals, whether staking, trading, or long-term holding, to help guide you in the right direction.
From there, you can narrow down the list of the best DeFi wallets available.
Here’s what to look for when picking the best option for your needs:
🔐 Priority on Security
Security should always be the top priority.
Look for wallets that have seed phrase backups, two-factor authentication (2FA), and, if you are using a hardware wallet, a Secure Element chip.
If a wallet uses open-source code, that is another green flag.
For advanced users, wallets with multi-sig support provide added protection, especially for shared or DAO-based accounts.
🌐 Multi-Chain & Token Support
In 2025, having EVM compatibility alone isn’t enough for many users.
Most users interact across Solana, Cosmos, Polkadot, and even Bitcoin (via wrapped BTC).
Finding a wallet that offers true multi-chain support is a necessity for anyone looking to manage a diverse portfolio.
⚙️ dApp Integration
If you’re planning to use DeFi protocols regularly, you’ll want a wallet that provides dApp integration.
Support for WalletConnect, built-in browsers, or native Web3 access makes it easier to interact with exchanges, lending platforms, and NFT marketplaces right from your wallet.
📈 Yield & Staking
The best DeFi wallets will also assist you in earning.
Look for wallets that support native staking and have integrated DeFi protocols to help manage your earnings.
📱 Interface and Mobile/Desktop Access
A clean and easy-to-use interface matters, especially if you’re managing assets on the go.
A top DeFi wallet should have cross-device syncing so that you can transact between mobile and desktop.
💾 Hardware vs. Software
You must decide whether you want a hot wallet for fast, everyday use or a cold wallet for better long-term security.
There are some hybrid options available, or you can combine a hot DeFi wallet like MetaMask with long-term holding of larger amounts on one of the best Ethereum cold storage wallets like Material Ether.
Best DeFi Wallets
The best DeFi wallet for you depends on your experience level, security needs, and how often you use the DeFi ecosystem.
Here are our top 6 DeFi wallets for individual needs and users:
MetaMask
🪙Supported Chains
Ethereum, BNB Chain, Polygon, Avalanche, Optimism, Arbitrum, and more via custom networks.
🔐Security Features
Seed phrase, password protection, compatible with hardware wallets.
✅ Pros
- ✔️ Huge DApp ecosystem
- ✔️ Built-in swaps, bridging, and ETH staking
- ✔️ Widely supported by DeFi platforms
❌ Cons
- ✖️ No native multi-chain auto-switching
- ✖️ Hot wallet: vulnerable to phishing and browser-based attacks
🏆Best For
Ethereum-based DeFi users and DApp explorers 💻
Rabby Wallet
🪙Supported Chains
All major EVM-compatible chains (Ethereum, Arbitrum, BSC, Polygon, etc.).
🔐Security Features
Auto chain switching, contract risk alerts, open-source code.
✅ Pros
- ✔️ Better UX compared to MetaMask
- ✔️ Displays transaction risks before signing
- ✔️ Easy import from MetaMask
❌ Cons
- ✖️ It is a browser-only wallet (no mobile version available yet)
- ✖️ Still new to the market, smaller community
🏆Best For
Power users who want a safer and more intuitive MetaMask alternative🧠
XDEFI Wallet
🪙Supported Chains
BTC, EVM chains, Solana, Cosmos, Terra, Thorchain.
🔐Security Features
Non-custodial, seed phrase backup, encrypted local storage.
✅ Pros
- ✔️ True multi-chain access, including BTC and Cosmos
- ✔️ Built-in swaps and NFT support
- ✔️ Native integration with DeFi protocols
❌ Cons
- ✖️ Interface can be overwhelming and complex for beginners
- ✖️ No cold storage option
🏆Best For
Multi-chain DeFi users and yield farmers🌐
Keystone Pro
🪙Supported Chains
EVM chains, Bitcoin, Solana, Polkadot, and more via WalletConnect.
🔐Security Features
Air-gapped QR-code signing, Secure Element chip (EAL 5+), open-source firmware.
✅ Pros
- ✔️ Fully offline with no USB or Bluetooth
- ✔️ Works with MetaMask, Rabby, and other hot wallets
- ✔️ Biometric fingerprint sensor for added security
❌ Cons
- ✖️ Requires pairing with a hot wallet for DApp access
- ✖️ Not beginner-friendly
🏆Best For
Security-first users who interact with DeFi occasionally🔒
Trust Wallet
🪙Supported Chains
Over 70 blockchains, including Ethereum, BNB Chain, Solana, Avalanche, and more.
🔐Security Features
Seed phrase, encrypted local storage, open-source code.
✅ Pros
- ✔️ Built-in DApp browser
- ✔️ Supports staking for ETH, BNB, ATOM, SOL
- ✔️ Easy to use on mobile
❌ Cons
- ✖️ Limited desktop support
- ✖️ Not ideal for managing large portfolios
🏆Best For
Beginners and mobile users exploring DeFi📲
Trezor Safe 5
🪙Supported Chains
Bitcoin, Ethereum, Cardano, Solana, Polkadot, and more through the Trezor Suite or other integrations.
🔐Security Features
EAL 6+ Secure Element, Shamir Backup, passphrase protection, open-source firmware.
✅ Pros
- ✔️ Cold storage
- ✔️ New touchscreen interface
- ✔️ Integrates with MetaMask for DeFi use
❌ Cons
- ✖️ Requires a bridge for DeFi interaction
- ✖️ No native staking or DApp access
🏆Best For
Security-focused users who occasionally engage with DeFi🛡️
Hot vs Cold DeFi Wallets
🔥Best for Daily Use: Hot Wallets
Hot wallets like MetaMask, Rabby, and Trust Wallet are great for everyday trading, staking, and using DApps.
What We Like: Fast, easy access, native DApp integration
What We Don’t Like: Always online, making them more vulnerable to hacks
❄️ Best for Safety and Security: Cold Wallets
Cold wallets like Trezor Safe 5 and Keystone Pro help to keep your private keys offline.
What We Like: High security, air-gapped signing, and seed phrase recovery
What We Don’t Like: Less convenient for daily interaction
🧊 Hybrid Setup: Best of Both Worlds
Use a hot wallet for quick access and a cold wallet for signing and storage.
This is ideal for active users like yield farmers who need easy access and security.
Best for Long-Term HODL: Material Ether
Material Ether is a cold storage wallet built for serious Ethereum holders.
Made from ultra-durable stainless steel, this non-electronic wallet is fully offline, fireproof, waterproof, and corrosion-resistant.
While DeFi wallets are ideal for interacting with dApps, NFTs, and staking, long-term security starts with proper storage.
Once you’re done transacting, move your ETH to Material Ether for unmatched peace of mind.
The Best DeFi Wallets to Earn Interest
If you’re looking to earn a passive income from your crypto, the right DeFi wallet can help you stake tokens or access yield farming protocols directly.
Staking vs. Yield Farming: What’s the Difference?
🔒 Staking: Involves locking your crypto (like ETH) to support a blockchain network. In return, you earn passive rewards, usually at a fixed rate. It’s generally lower risk and better suited for long-term holders.
🌱 Yield Farming: This is a more advanced DeFi strategy where you provide liquidity to decentralized platforms to earn returns. These returns come from trading fees, token incentives, or lending interest but have much higher risk due to market volatility and smart contract exposure.
💡 Tip: Use hot wallets for staking and farming, then move profits to a cold wallet like Material Wallets for long-term security.
Some wallets let you stake coins within the app, meaning that there is no need to connect to external platforms.
For example, Trust Wallet supports ETH, BNB, and Cosmos staking. All you need to do is tap and earn.
Other wallets connect you to DeFi platforms where you can lend or stake your assets.
For example, MetaMask and Rabby Wallet use third-party staking services.
⚠️ Risks to Keep in Mind in 2025
- Smart contracts can be hacked: An unfortunate example of this was with Curve Finance in 2023. They were hacked and lost about $60 million in user funds.
- Validator slashing: If you’re staking ETH with a validator that misbehaves or makes a mistake, you could lose part of your stake. Always do your own research and never stake more than you’re willing to risk.
Choosing the Right DeFi Wallet
The best DeFi wallet for you depends on what you value most: security, ease of use, multi-chain access, or the ability to earn through staking and yield farming.
In 2025, there’s no one-size-fits-all solution, so try starting small. Even try out a few wallets to see what works best for you.
FAQs
Are DeFi wallets safe?
- Depending on whether you chose a hot or cold wallet, the level of security will change. Make sure to always store your seed phrase securely and never share your private keys with anyone.
Can DeFi wallets be hacked or frozen?
- Hot wallets can be hacked if compromised.
What’s the best DeFi wallet for beginners?
- Trust Wallet is easy to use with built-in staking. Although we always recommend pairing with a cold storage wallet like Material Ether for large amounts.
Can I earn a passive income through my wallet?
- Yes, through staking or connecting to DeFi platforms like Aave or Lido.
Is a DeFi wallet anonymous or private?
- There’s no KYC, but transactions are public. For privacy, use extra tools or privacy-focused chains.
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