The Ethereum Virtual Machine (EVM) powers a range of smart contract-enabled blockchains, in addition to Ethereum itself, to enable the creation and execution of decentralized applications (dApps). To interact with EVM-compatible chains and the tokens and applications built on them, you need an EVM-compatible wallet.
Read on to discover five leading EVM wallets you can use to explore the DeFi market.
What is an EVM-Compatible Crypto Wallet?
An EVM wallet is a hardware or software wallet that can connect to Ethereum and other EVM-compatible blockchains. It allows you to store, send, buy, and manage your digital assets and interact with decentralized applications (dApps).
EVM wallet addresses start with ‘0x’ and are designed to share the same format, making them compatible with all EVM networks.
5 Popular EVM Wallets You Should Check Out
Let’s look at five leading EVM wallets you can use to navigate EVM-compatible blockchains and manage your digital assets.
Zypto
Zypto provides an easy-to-use EVM wallet—available on Android and iOS—for crypto enthusiasts at any experience level. The Zypto app gives you true ownership over your assets through its decentralized wallet.
Zypto supports multiple EVM-compatible chains, including Ethereum, BNB Chain, Arbitrum, Base Chain, Fantom, and Avalanche. Additionally, it allows you to manage all your Ethereum-based assets, including Ether and all ERC-20 tokens.
Zypto also empowers you to interact seamlessly with DeFi protocols, such as decentralized exchanges (DEXs), lending platforms, and more. Moreover, Zypto provides cross-chain swaps and an in-app dApp browser.
Pros
- User-friendly interface
- Non-custodial
- Supports a large number of EVM blockchains
- Offers an easy way to interact with Web3 platforms
Cons
- No advanced chart analysis tools for professional traders
OKX Wallet
OKX Wallet is a decentralized EVM-compatible wallet that was created and released by the OKX exchange. It’s a non-custodial wallet that gives you full control over your assets and supports numerous blockchains and assets.
The wallet integrates with the OKX exchange and NFT marketplace with a built-in DEX aggregator. The EVM-compatible wallet is available as a web extension and mobile application.
The OKX wallet supports cross-chain swaps using the proprietary OKX X routing technology. It is also integrated with various Web3 applications.
Pros
- Available as a web extension and mobile app
- Non-custodial
- Access to OKX’s CeFi services by connecting to the exchange with the OKX Web3 wallet.
- Offers an easy way to interact with Web3 platforms
- Supports a large number of EVM blockchains
Cons
- Can be challenging to navigate between the OKX Exchange native wallet and the OKX Web3 Wallet.
Opera Wallet
Opera is a well-known web browser with an EVM-compatible built-in crypto wallet that supports multiple blockchains. Using the built-in wallet, you can send, buy, swap, and manage digital assets directly on the Opera browser.
Opera Wallet connects seamlessly to decentralized applications without needing a browser extension. You can use it to manage your NFTs across multiple blockchains and securely make transactions on your browser.
Pros
- No browser extension needed
- Supports a large number of EVM blockchains
- You can backup your wallet with an Opera account
Cons
- Only available through the Opera browser
MetaMask
MetaMask is one of the most popular EVM-compatible wallets in crypto. It’s a non-custodial Web3 wallet that supports multiple EVM chains.
The wallet is available as a browser extension for Chrome, Brave, and Firefox and as a mobile app for iOS and Android. It features a user-friendly interface and seamless connectivity to DeFi applications and the Web3 ecosystem.
Pros
- Available as a browser extension and mobile application
- Non-custodial
- Built-in token swap and bridging feature
- Supports a large number of EVM-compatible blockchains
Cons
- Requires manual addition of other supported networks
Coinbase Wallet
Coinbase Wallet is a self-custodial wallet that was released by Coinbase. It supports several EVM blockchains and provides seamless access to different DeFi protocols and decentralized applications.
The wallet has a user-friendly interface that allows you to securely manage, buy, and sell a wide range of cryptocurrencies.
The decentralized wallet is available as a mobile application for iOS and Android and an extension wallet for Brave and Chrome.
Pros
- User-friendly interface
- Non-custodial
- Supports several EVM chains
- Available as a mobile application and browser extension
Cons
- Higher fees compared to other wallets
The Bottom Line
A suitable EVM wallet should have top-notch security features, a user-friendly interface, and support for multiple EVM chains.
EVM-compatible wallets are crucial for those interacting with decentralized finance products on Ethereum and the broader Web3 ecosystem, so take the time to choose one that is right for you and your needs as a user.
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