Wallets 101
Before you can do anything in crypto, you’ll need to be able to handle wallets. In addition, you’ll need a block explorer. These 2 important tools are needed if you plan to do anything outside of the centralized exchanges such as staking, swapping tokens, or just getting NFTs.
- Wallet – You need this to store, receive, send, swap, and stake tokens outside of the centralized exchange.
- Block explorer – You need this to see your wallet balance and transaction history
Unfortunately, there is no “universal” wallet that handle all tokens. The same thing for block explorer. As a result, each token has its own wallet and block explorer designed exclusively for it. Often time, a crypto will have several different wallets with different capabilities. Even for an experienced crypto user, figuring out what wallet to use for what tokens can take time.
The most important thing about wallet is security. After all, what good would earning extra tokens be if your wallet gets hacked or you lose it. There are a lot of bad actors out there trying to game you to get access access to your wallet. Please be extra careful when setting up wallet. Only use wallets recommended by the crypto network’s official website. And as a rule of thumb, always test send transactions to your wallet with a very small amount on your first transaction before you move any significant money with it.
To help you navigate this, we’ve compiled a list of popular wallets and block explorer for each token below. We favor wallets recommended by the token’s official team but will also recommend other wallets that the community rate highly. Keep in mind there are lots of wallets out there, so this is just a starting list to get you started quickly. As you do more research, you may find other wallets that better suit your needs.
| # | Token | Wallet | Block Explorer |
| 1 | Cardano (ADA) | Yoroi | cardanoscan |
| 2 | Solana (SOL) | Phantom SolFlare | Solana solscan |
| 3 | Ethereum (ETH) | Metamask | etherscan |
| 4 | Polkadot (DOT) | Polkadot JS Web Polkadot JS extension Fearless (Mobile) | subscan sub.id |
| 5 | Cosmos (ATOM) | Keplr (Chrome) Cosmostation | mintscan |
| 6 | Terra (LUNA) | Station | |
| 7 | Avalanche (AVAX) | Avalanche Wallet | Explorer Avascan |
| 8 | Binance Smart Chain (BNB) | Metamask | |
| 9 | Algorand (ALGO) | Algorand Wallet | |
| 10 | Kusama (KSM) | Polkadot JS Web Polkadot JS extension Fearless (Mobile) | subscan sub.id |
| 11 | Kava (KAVA) | Keplr TrustWallet (Mobile) | mintscan |