Best Wallet Review 2024: Features, Fees, and More

Best Wallet is a self-custody wallet app for iOS and Android. It comes packed with features, ranging from crypto swaps and fiat on-ramps to token launchpads and airdrops.

Read on for our comprehensive Best Wallet review. Discover everything there is to know, including supported coins and networks, top features, and security tools.

Best Wallet review: Main takeaways

Overall, we found that Best Wallet is a great option for long-term investors and active traders alike. It offers a user-friendly yet highly secure way to store cryptocurrencies. Over 60 blockchain standards are supported, including Bitcoin, Ethereum, BNB, Solana, and Polygon.

Available as a free mobile app for iOS and Android, Best Wallet doubles up as a decentralized exchange (DEX). This supports real-time crypto swaps at the best available market rates. Best Wallet also offers a token launchpad, airdrop program, and a GameFi hub.

It also offers fiat on/off-ramp facilities, allowing users to buy and sell cryptocurrencies with local money. Best Wallet is working on additional feature releases, including a crypto-backed debit card, derivative trading, staking pools, and portfolio management.

Best Wallet pros and cons

Best Wallet: Key facts

Storage Type	Self-custody
Security	Biometrics and 2FA
Networks	60+ networks including Bitcoin, Ethereum, Solana, and Polygon
Price	Free
Crypto Swaps?	Yes
Fiat?	Yes, on-ramp and off-ramp
Staking?	Yes, but currently in development

An overview of Best Wallet

To begin this Best Wallet review, let’s start with an overview of what it offers and how it works.

Put simply, Best Wallet is a crypto wallet. It enables users to send, receive, and store cryptocurrencies. This includes everything from Bitcoin and Solana to BNB, Dogecoin, and Ethereum. Best Wallet offers ‘self-custody’ storage, an important factor for most crypto investors.

This means Best Wallet doesn’t have access to the user’s private keys. Instead, they’re encrypted and stored on the user’s smartphone device. Put otherwise, Best Wallet users own their cryptocurrencies 100%, with no reliance on third parties or custodians.

We found that Best Wallet offers more than just storage facilities. It comes packed with additional features, allowing users to access the wider crypto ecosystem from one safe place. This includes crypto swaps via a DEX, with industry-leading prices sourced from hundreds of liquidity providers.

Best Wallet also offers a launchpad for new cryptocurrencies, enabling users to invest in micro-cap gems before they explode. It also provides access to decentralized casinos and sportsbooks. This means users can wager their Best Wallet balance seamlessly. Other features, although some are still in development, will be discussed later in this Best Wallet review.

Best Wallet custodianship

Best Wallet users don’t need to worry about counterparty risks, such as trusting a centralized exchange or custodian. This is because Best Wallet offers self-custody (also known as non-custodial) storage.

In a nutshell, this means only the wallet owner has control over its contents, including the stored cryptocurrencies and the private keys. Users can send and receive coins without needing authorization.

Best Wallet is merely a software interface that connects to the blockchain. As such, even if Best Wallet stopped operating, the user’s cryptocurrencies are safe and accessible.

What coins and networks does Best Wallet support?

Best Wallet is a multi-network wallet, making it an ideal solution for diversified portfolios. This means users can store the best cryptocurrencies in one secure location. Over 60 blockchain standards are supported, including Bitcoin, Ethereum, Solana, BNB, Polygon, and Dogecoin.

Receiving coins is simple:

• Click the coin you want to receive, such as Bitcoin
• Click the ‘Receive’ button
• Copy the unique deposit address provided
• Transfer the coins to that address

Best Wallet also supports custom tokens. This is ideal when investing in new cryptocurrencies or those that aren’t initially listed on Best Wallet. Users simply need to paste the contract address and the crypto will be added to the Best Wallet interface.

What is the Best Wallet airdrop?

Best Wallet has just launched its much-anticipated airdrop program. This enables Best Wallet users to earn $BEST tokens, which are native to the project. $BEST will eventually trade on crypto exchanges, meaning its value will be determined by market forces.

As such, the airdrop is a great way to get $BEST before the general public. The best part is no spending or risk is needed; just complete daily and seasonal tasks to earn airdrop points.

Those points will eventually be converted to $BEST tokens. Tasks include sharing and liking posts on social media and making transactions within the Best Wallet ecosystem (such as receiving tokens).

Top features offered by Best Wallet

Now let’s explore the top features offered by Best Wallet.

Best DEX

Best Wallet offers a decentralized exchange, known as Best DEX. This supports real-time crypto swaps, to and from the Best Wallet balance.

• For example, suppose you have SOL stored in Best Wallet.
• You want to invest in BNB.
• Simply swap SOL for BNB on the Best DEX.
• SOL is immediately converted, with the BNB deposited in the Best Wallet balance.

This convenient way of swapping tokens ensures users don’t need to use third-party exchanges.

Swaps are facilitated by partnered liquidity providers. The best exchange rate is sourced based on the pair and amount.

Fiat conversions

Best Wallet also comes preloaded with fiat facilities. This enables users to buy cryptocurrencies with their local currency. The most common payment method is debit/credit cards.

Other deposit types are supported too, depending on the provider. Users can also sell cryptocurrencies for fiat money. The funds are typically withdrawn to a bank account or e-wallet.

Token launchpad

Best Wallet users can seamlessly invest in the best crypto presales. It offers a launchpad for new projects before they’re listed on exchanges.

Presale payments can be made from the Best Wallet balance. The presale tokens are then deposited into the user’s balance.

Crypto gambling

Best Wallet has partnered with leading casinos and sportsbooks that specialize in crypto payments. This provides access to slots, table games, live dealers, and more.

Users can deposit and withdraw funds without leaving the Best Wallet interface. This means gambling payments are processed almost instantly without KYC requirements.

Features in development

The following features will be released in the next development phases:

• Staking: Best Wallet will launch staking tools. Users will earn passive income on cryptocurrencies stored in their wallet. Staking goes through aggregators, meaning the best APYs are sourced from liquidity providers.
• Best Card: Another feature on the way is Best Card. It’s a prepaid debit card that allows crypto purchases. For instance, suppose you’ve got ETH stored in Best Wallet. You can make an in-store or online purchase with ETH, which is converted to the merchant’s preferred currency in real-time.
• Portfolio management: Users will have access to advanced portfolio management tools with customization and analytics. This is crucial for keeping tabs on existing investments and seeing which coins are performing well.
• NFTs: There will also be support for NFTs. Not only storage but a fully-fledged gallery. This means users can view their NFT artworks without leaving the Best Wallet app.
• Bespoke orders: Best Wallet will also launch multiple orders for its DEX. This includes stop-loss and limit orders, plus dollar-cost averaging. The latter is ideal for long-term buyers who want to invest frequently.
• Derivative trading: Users will also be able to trade derivative products on Best Wallet. This will include perpetual futures with leverage and short-selling features.

Is Best Wallet safe?

Best Wallet not only comes packed with features but it offers a safe storage experience.

It’s a self-custody wallet, which removes counterparty risks. Only the user has access to the wallet’s private keys. This ensures Best Wallet users are in control of their crypto wealth.

Additionally, Best Wallet offers an anonymous experience. No personal information or ID documents are collected. This protects users from data hacks and leaks.

Best Wallet also comes with internal security tools, including two-factor authentication (2FA) and biometrics. Overall, Best Wallet is one of the best hot wallets for safety, as well as at the top of our list of best places to buy Bitcoin anonymously.

However, it’s not as secure as a cold wallet, considering Best Wallet is connected to the internet. Ensure the wallet’s backup passphrase is kept somewhere safe and never shared with anyone.

Best Wallet fees

Best Wallet doesn’t directly charge fees. It offers a free wallet service when storing and receiving cryptocurrencies. Users are charged network fees when sending coins like any other wallet. These go directly to the network, meaning Best Wallet doesn’t charge a markup.

In addition, while fees are charged for fiat services (e.g. buying or selling cryptocurrencies for money), these are determined by the provider. The fees are built into the exchange rate. This is also the case when using the Best DEX.

Storing Coins	Free
Sending Coins	Determined by the network
Receiving Coins	Free
Swapping Coins	Determined by the liquidity provider
Fiat Services	Determined by the fiat provider

Is Best Wallet user-friendly?

Best Wallet offers lots of features that beginners might not be familiar with, such as decentralized trading and token launchpads. Even so, we found that the app offers a user-friendly experience, even for novice investors.

For example, sending funds is simple. Just click the coin and amount (e.g. 0.1 BTC) you want to send and paste the destination address. Receiving funds is also easy. Just click the coin to see the unique deposit address.

Even the Best DEX is user-friendly. Users select which coins they want to swap and the amount (e.g. 100 SOL for BNB). Best DEX then displays the exchange rate. Once confirmed, the tokens are swapped and deposited into the user’s wallet.

Similar to other Best Wallet reviews, we found that getting started is also straightforward. Users open the app, create a PIN, and set up biometrics and 2FA. The backup passphrase is displayed on-screen, allowing users to write it down securely.

Best Wallet device types

Best Wallet is currently a mobile wallet for iOS and Android. However, a desktop application will be launched soon. This will come as a browser extension, ensuring increased convenience for desktop users.

Best Wallet roadmap

We mentioned that some features are still being developed by Best Wallet.

The roadmap below highlights what users can expect in the coming months:

Phase 3

• Staking Aggregator
• Advanced Anti-Fraud Protection
• Address Book
• Best Card Launch
• Portfolio Management Functionality
• Browser Extension
• NFT Gallery
• In-App Crypto News Feed

Phase 4

• Market Intel Analytics
• Limit Orders
• Stop-loss Orders
• Dollar Cost Average Buy/Sells
• Derivatives Trading
• MEV Protection
• Gas Token-Free Transactions

How to use Best Wallet

Now we’ve completed our Best Wallet review, we’ll explain how to get started.

Step 1: Download the Best Wallet app

Visit the Best Wallet website to download the app.

Best Wallet supports Android and iOS smartphones.

Step 2: Set up and secure a new wallet

Open the Best Wallet app and create a new wallet. Choose a PIN and set up biometrics.

We’d also advise setting up 2FA as an extra security layer.

Step 3: Receive coins

Click on the coin you want to receive (e.g. Ethereum or Solana). Copy the wallet address displayed, which is unique to your Best Wallet app.

You can also scan the QR code if you’re depositing coins from a mobile wallet.

Step 4: Send coins

Sending coins is also straightforward. Click the coin you want to send and type in the amount (e.g. 1.5 ETH or 20 SOL).

Then paste the destination address. Ensure you’ve got enough to cover network fees. Then confirm the transfer.

Conclusion

Overall, Best Wallet is a solid option for novice and experienced investors alike. It offers self-custody storage via a native mobile app, with over 60 blockchain standards supported.

Additional features include crypto swaps, fiat purchases and sales, token launchpads, and iGaming tools. Most importantly, Best Wallet is safe; security includes biometrics and 2FA.

FAQs