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5 “Best” Non-Custodial Software Wallets (April 2024)

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When it comes to ensuring the safety of your digital assets, the most important thing to remember is that if you don't control the private keys to the wallet (i.e., non-custodial wallets) in which they are stored, you don't control the assets.  This is often repeated in crypto-circles as ‘not your keys, not your coin'.  Even among wallets that provide this, not all are created equal.  Beyond the obvious differences, such as hardware vs. software, supported assets, track records, interface, and built-in features come into play.

Software wallets, in particular, are an attractive option for many, as they are more easily accessible than a hardware wallet, typically provide more features, and can still provide high levels of security.  It is important to remember, however, that software wallets are still ‘hot,' meaning that they still connect to the internet.  Yes, they are significantly more secure than storing funds on an exchange, but a hardware wallet is still the way to go if security is of paramount concern.  With that being said, the following are our current picks for the top options on offer.

For those more interested in purchasing a hardware wallet, make sure to check out our similar ranking HERE.

1. Exodus

Having been a fixture in the world of crypto for years now, Exodus tops our list for a good reason.  Not only does it offer one of the slickest interfaces around, available on both desktop and mobile, but it boasts a plethora of features.  Users have the ability to track their portfolio performance, swap tokens, access various DeFi features, and even integrate with certain hardware wallets.  Furthermore, it has a fantastic history of updates, which ensures the service/platform is always running perfectly.  The only downside to Exodus is that it does not boast open-source code for its platform.

In addition to its longstanding position atop non-custodial software options, Exodus is somewhat of a trailblazer after having decided to host its own digital securities offering and subsequent issuance of ‘EXOD' tokens.

Exodus is available and able to be synchronized across each of the following.

  • Desktop (Windows, Linux, Mac)
  • Mobile (Android, iOS)
  • Browser (Chrome, Brave)

To learn more about EXOD, make sure to visit our Investing in Exodus guide.

To download the Exodus wallet and see what it can do for you, click HERE.

2. Trust Wallet

While it hasn't been around for quite as long as Exodus, Trust Wallet is quickly building a strong reputation.  While there is no desktop variant, Trust Wallet is available through an easy-to-use app on both Android and iOS.  More recently, Trust Wallet has also added browser support for Chrome, Brave, Opera, and Edge.  This wallet also has various built-in features sure to attract crypto users.  These include support for NFTs, a wide array of supported assets, and even staking.

Notably, Trust Wallet has also issued its own token known as ‘TWT' – a somewhat unique feature among software wallets.  Unlike EXOD, which is a digital security, TWT is a utility token that functions similarly to an exchange token.  As such, it is used to incentivize in-wallet activity through discounts and rewards, in addition to playing a role in platform governance.

At the time of writing, Trust Wallet indicates that it boasts 70M+ users and is growing.  Between its flexibility, a broad range of services, and built-in security measures like being non-custodial, Trust Wallet is a solid option for users looking to secure their assets while on the go.

To learn more about TWT, make sure to peruse our Investing in Trust Wallet Token Guide.

To download Trust Wallet, click HERE.

3. Coinbase Wallet

Yes, Coinbase is a centralized platform, and while it does have its custodial wallet on offer, the company has recognized an industry need/want for a non-custodial variant.  As such, the company set out to build such a solution.  Coinbase Wallet is a product on its own, accessible by anyone – not just users of the Coinbase exchange.  This offering is available on Android, iOS, and Chrome.

Like all the wallets on this list, this offering is non-custodial in nature, meaning that you hold your own private keys at all times.  Being a product of Coinbase, however, means that you can rest assured the wallet will remain up-to-date and typically offer seamless functionality and a simple-to-use interface.

Where Coinbase Wallet may fall behind others like Trust Wallet are the amount of supported assets.  This may actually be a good thing, though, as the company is much more selective in its vetting process for supporting reputable projects.

To download Coinbase Wallet, click HERE.

4. Electrum

Electrum is one of the oldest and most reliable open-source Bitcoin wallets.  As a veteran in the Bitcoin wallets arena, Electrum has become known for its speed and security and for offering customizable transaction fees.  A divisive feature of Electrum is that the wallet only supports Bitcoin.  It is

For the Bitcoin enthusiast, this wallet can be accessed across via Windows, macOS, and Linux.  It boasts multi-sig support, hardware wallet integrations, and more.  With its open-source nature and strong track record, Electrum remains a top option for anyone looking to secure their BTC holdings.

To download Electrum, click HERE.

5. MetaMask

MetaMask dubs itself as more than just a wallet; it is also a ‘gateway to blockchain apps'.  This means that in addition to buying/selling and storing digital assets, MetaMask allows for bridging between networks, NFT services, and more.  The limitations behind MetaMask lie in the fact that it only supports ETH and ETH-based tokens.  Fortunately, this covers the vast majority of altcoins.

At the time of writing, MetaMask indicates that it currently has over 30M users and is supported on the following,

  • Browsers (Brave, Chrome, Edge, Firefox, Opera)
  • Mobile (Android, iOS)

A handy feature on offer by MetaMask is the ability to synchronize your non-custodial wallet across each for users that use multiple platforms.

To download MetaMask, click HERE.

Joshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology.