Choosing the right crypto wallet is a critical decision for any Australian investor navigating the digital asset landscape. With security, usability, and feature sets varying widely, selecting a wallet that aligns with your goals—whether it's staking, trading, or long-term storage—can significantly impact your experience and peace of mind.
Each year, we rigorously evaluate over 50 crypto wallets based on key criteria such as security, ease of use, supported assets, cost, Web3 integration, and customer satisfaction. This comprehensive review has been updated monthly to reflect the latest developments in 2025, ensuring you get accurate, trustworthy recommendations tailored to the Australian market.
Whether you're a beginner looking for simplicity or an advanced user seeking powerful tools like multisig and Taproot support, this guide breaks down the top-performing wallets available today.
👉 Discover the safest way to store your crypto in 2025
Top Crypto Wallets in Australia for 2025
Below is our curated list of the best crypto wallets in Australia for 2025, selected after extensive testing and analysis:
- Ledger Nano S Plus – Best overall crypto wallet
- Best Wallet – Best for buying crypto
- Ledger Flex – Best for staking
- Ledger Nano X – Best hardware wallet & ideal for XRP
- Trezor Model One – Best value and beginner-friendly hardware wallet
- Coinbase Wallet – Best exchange-integrated wallet
- Trezor Model T – Best for experienced users
- Zengo – Best for private transactions
- Ledger Stax – Most stylish and premium design
- Phantom – Top Solana wallet
- MetaMask – Leading software wallet
- COLDCARD Mk4 – Best Bitcoin-only wallet
- Atomic Wallet – Most loved by customers
Note: This is not financial advice or an endorsement of any product. Always conduct your own research before making investment decisions.
Ledger Nano S Plus – Best Overall Crypto Wallet
★★★★★
Price: $79 USD
Assets Supported: 5,500+
Type: Hardware
The Ledger Nano S Plus stands out as the best all-around crypto wallet thanks to its strong security, broad token support, and affordability. Manufactured by France-based Ledger—a company with a clean security track record since 2014—this compact device offers offline ("cold") storage for maximum protection.
Using the companion Ledger Live app, users can swap tokens, buy crypto with a card, stake assets like ETH and DOT, and interact with over 1,000 DeFi protocols across 10 blockchains via the integrated Merlin dashboard.
Pros
- Affordable at just $79
- Supports over 5,500 cryptocurrencies and NFTs
- CC EAL 5+ certified security chip
- Enables DeFi access and staking
Cons
- No Bluetooth connectivity
- Not compatible with iOS devices
👉 Secure your crypto with a trusted hardware solution
Best Wallet – Best for Buying Crypto
Price: Free
Assets Supported: 1,000+
Type: Mobile
Best Wallet makes purchasing digital assets effortless through built-in fiat gateways like Banxa, MoonPay, and GateConnect. It supports payments via debit/credit cards, PayPal, Apple Pay, Google Pay, and even PayID—ideal for Australians seeking seamless onboarding.
It operates across Ethereum, BNB Smart Chain, and Polygon networks and allows direct in-app token swaps.
Pros
- Wide range of fiat-to-crypto purchase options
- Intuitive interface for beginners
Cons
- Limited to three major blockchain networks
Ledger Flex – Best for Staking
★★★★★
Price: $249 USD
Assets Supported: 5,500+
Type: Hardware
Designed for active investors, the Ledger Flex excels in staking capabilities. It supports native staking for Ethereum (ETH), Polkadot (DOT), and more than 25 other cryptos through third-party integrations including Avalanche (AVAX) and Solana (SOL).
Its modern E Ink touchscreen offers improved navigation compared to older Ledger models, while maintaining military-grade security standards.
Pros
- Full staking functionality without compromising security
- Compatible with iOS devices
- Sleek design with responsive touchscreen
Cons
- Only select coins can be staked directly via Ledger Live
Ledger Nano X – Best Hardware Wallet & Top Choice for XRP
★★★★★
Price: $149 USD
Assets Supported: 5,500+
Type: Hardware
The Ledger Nano X combines robust security with mobile flexibility. With Bluetooth connectivity and compatibility across Android and iOS, it allows secure management of crypto on the go.
It integrates seamlessly with Ledger Live, supporting Ethereum and Polygon NFTs, DeFi apps, and direct XRP holdings—making it one of the few secure options for Ripple investors.
Pros
- Bluetooth-enabled for mobile use
- Manages over 5,500 assets
- CC EAL 5+ certification
- Full NFT and DeFi support
Cons
- More expensive than the Nano S Plus
Trezor Model One – Best Value & Beginner-Friendly Option
★★★★★
Price: $49 USD
Assets Supported: 1,000+
Type: Hardware
At just $49, the Trezor Model One is the most affordable entry into hardware wallets. As the original cold storage solution, it provides reliable offline protection for BTC, ETH, and other major assets.
While basic in features, it pairs well with MetaMask for DeFi access and offers straightforward setup—perfect for newcomers.
Pros
- Lowest-cost hardware wallet
- Trusted brand with open-source firmware
- Easy integration with Web3 platforms
Cons
- No Solana support
- Lacks Bluetooth and iOS compatibility
Coinbase Wallet – Best Exchange Wallet
Price: Free
Assets Supported: 450,000+
Type: Mobile / Browser Extension
Ideal for Coinbase users, this non-custodial wallet connects directly to the exchange for quick fund transfers. It supports all EVM-compatible chains, Solana, and offers pre-configured network settings.
Though convenient, it charges fees for swaps and requires connecting to external DEXs.
Pros
- Seamless sync with Coinbase exchange
- Simple UI consistent with Coinbase branding
- Supports major blockchains out of the box
Cons
- Swap fees apply within the app
- No built-in decentralized exchange
Trezor Model T – Best for Advanced Users
★★★★★
Price: $129 USD
Assets Supported: 1,000+
Type: Hardware
Featuring a full touchscreen and advanced functionality like Taproot, Shamir Backup, multisig, and Tor integration, the Trezor Model T caters to tech-savvy users who demand control and privacy.
It enables complex Bitcoin transactions and integrates with MetaMask for enhanced DeFi access.
Pros
- Advanced security features including Shamir Backup
- Touchscreen improves usability
- Supports in-wallet purchases and swaps
Cons
- Trezor Suite supports limited blockchains natively
- No iOS support
Zengo – Best for Private Transactions
Price: Free
Assets Supported: 380+
Type: Mobile
Zengo uses MPC (Multi-Party Computation) instead of seed phrases, eliminating single points of failure. Its Pro service enables private Bitcoin and Dogecoin transactions by generating fresh addresses per transaction.
With 24/7 support and multi-chain access (Ethereum, Polygon, Base), it's ideal for privacy-conscious users.
Pros
- No seed phrase required
- True private transaction mode
- Strong customer service
Cons
- Pro tier is relatively costly
Ledger Stax – Most Stylish Crypto Wallet
★★★★★
Price: $399 USD
Assets Supported: 5,500+
Type: Hardware
Designed by Tony Fadell (co-inventor of the iPod), the Ledger Stax redefines premium hardware wallets. Its large e-ink touchscreen, Qi wireless charging, customizable NFT lock screen, and CC EAL 6+ security rating make it the most sophisticated option on the market.
Despite its high price, it delivers unmatched aesthetics and functionality.
Pros
- Premium design and build quality
- Largest screen in a hardware wallet
- Wireless charging and Bluetooth support
Cons
- Most expensive Ledger model
- Limited staking via Ledger Live
Phantom – Best Solana Wallet
Price: Free
Assets Supported: 4+ major chains
Type: Mobile / Browser Extension
Phantom dominates the Solana ecosystem with intuitive NFT management and cross-chain swaps (Bitcoin, Ethereum, Polygon). It works across iOS, Android, Chrome, Firefox, Brave, and Edge.
A flat 0.85% fee applies to swaps.
Pros
- Dominant presence in Solana dApps and NFTs
- Multi-platform availability
- Clean user interface
Cons
- Ledger integration missing on Firefox
- Staking limited to Solana only
MetaMask – Best Software Wallet Overall
★★★★★
Price: Free
Assets Supported: 500,000+
Type: Mobile / Browser Extension
With over 30 million active users globally, MetaMask remains the go-to gateway for Web3 exploration. It supports Ethereum testnets, dApp interactions, NFT storage, and in-wallet token swaps—no KYC required.
Your seed phrase serves as full ownership proof—never share it.
Pros
- Instant access to DeFi and NFT platforms
- No personal data collection
- Spending limits enhance security
Cons
- No native Bitcoin support
- Limited customer support options
COLDCARD Mk4 – Best Bitcoin Wallet
Price: $177.94 USD
Assets Supported: Bitcoin only
Type: Hardware
Built by cypherpunks for Bitcoin purists, the COLDCARD Mk4 prioritizes maximum security. Dual Secure Element chips protect keys, and transactions can be signed air-gapped using microSD cards—no computer connection needed.
Ideal for long-term BTC holders focused on sovereignty.
Pros
- Air-gapped transaction signing
- Dual Secure Element protection
- Multisig enabled
Cons
- Bitcoin-only functionality
- Requires additional hardware for SD card transfers
Atomic Wallet – Most Loved by Customers
★★★★★
Price: Free
Assets Supported: 1,350+
Type: Mobile / Desktop
Voted "Most Loved" in Finder’s Customer Satisfaction Awards, Atomic Wallet supports staking on over 20 coins and offers a clean interface with multiple payment methods.
While praised for ease of use, its exchange rates aren’t always competitive.
Pros
- High user satisfaction ratings
- Broad multi-chain support
Cons
- Suboptimal trading fees compared to rivals
How to Choose the Right Crypto Wallet in Australia
When evaluating wallets, consider these core factors:
- Security Type: Prefer cold (offline) storage like Ledger or Trezor for large holdings.
- Ease of Use: Beginners benefit from simple interfaces like Best Wallet or Coinbase.
- Supported Assets: Ensure compatibility with your preferred coins (e.g., SOL → Phantom).
- Web3 & DeFi Access: MetaMask leads here; others integrate via dApp browsers.
- Cost: Free software wallets suit small portfolios; hardware wallets cost $50–$400.
- Backup Options: Seed phrases are standard; Zengo uses MPC; Trezor offers Shamir Backup.
- Staking & Earnings: Ledger Flex and Atomic enable passive income directly in-wallet.
Frequently Asked Questions About Crypto Wallets
What is a crypto wallet?
A crypto wallet stores public and private keys to interact with blockchains. It doesn’t hold coins physically but allows you to send, receive, and manage digital assets securely.
Are crypto wallets safe?
Hardware wallets are safest due to offline storage. Software wallets are convenient but more exposed to online threats. Always enable 2FA and never share your private key.
Can I lose my crypto if I lose my wallet?
Yes—if you lose access to your seed phrase or device without backup. Always store recovery details securely offline.
Do I need different wallets for different coins?
Not always. Most multi-chain wallets support numerous assets. However, some niche tokens require official wallets.
What’s the difference between hot and cold wallets?
Hot wallets (like MetaMask) are internet-connected—convenient but riskier. Cold wallets (like Ledger) store keys offline—more secure but less accessible.
Should I use an exchange wallet?
Exchange wallets are convenient for trading but risky for long-term storage. Withdraw funds to a non-custodial wallet for better control.