Polkadot (DOT) made significant strides in 2021 as it placed itself squarely among the top 10 cryptocurrencies by market capitalization. It’s clear to see that Polkadot isn’t going anywhere, so it makes sense that you might want to add some to your crypto portfolio.
But where should you store your DOT? Most people prefer to use a crypto wallet to keep their funds safe. Which one should you use? That’s what we’re going to tell you.
1. Exodus Wallet
Exodus wallet is a great choice for DOT holders. It’s one of the most user-friendly wallets available and supports a wide range of cryptocurrencies. You can store your DOT here as well as other currencies such as Bitcoin, Ethereum, Litecoin, and Dash.
Another advantage of Exodus is that it offers built-in exchange functionality. This means you can buy and sell cryptocurrencies directly from your wallet. Exodus is also one of the few wallets that offer a mobile app.
If you’re looking for a user-friendly, all-in-one wallet that supports DOT, Exodus is a great choice.
2. Ledger Nano S
The Ledger Nano S is a hardware wallet that’s been gaining in popularity recently. It’s a physical device that you can use to store your DOT and other cryptocurrencies. One of the advantages of using a hardware wallet is that your funds are stored offline, which makes them much more secure than wallets that are stored online.
The Ledger Nano S supports various cryptocurrencies, including DOT. It’s also one of the most affordable hardware wallets available. If you’re looking for a secure way to store your DOT, the Ledger Nano S is a great option.
3. SafePal S1 Hardware Wallet
The SafePal S1 hardware wallet is a new, hot wallet that’s been gaining a lot of traction lately. It’s a mobile-only wallet that supports Bitcoin, Ethereum, and Litecoin. It also supports Polkadot (DOT).
One of the main advantages of the SafePal wallet is its security. It uses a two-factor authentication (2FA) system and is encrypted with AES-256-CBC. It also has a built-in anti-theft feature that helps to protect your funds if your phone is lost or stolen.
If you’re looking for a mobile wallet that supports DOT, the SafePal wallet is a great option.
4. Atomic Wallet
Atomic Wallet is a desktop wallet that supports DOT and a wide range of other cryptocurrencies. It’s an HD (hierarchical deterministic) wallet, which means that it generates a new address for every transaction. This helps to improve your privacy and security.
Atomic Wallet also supports cross-chain swapping. This means that you can exchange cryptocurrencies directly from your wallet. It also has a built-in exchange that allows you to buy and sell cryptocurrencies.
If you’re looking for a desktop wallet that supports DOT, Atomic Wallet is a great option.
Next up on our list of best Polkadot wallets is Polkawallet. This wallet supports multiple cryptocurrencies, including Kusama, Acala, Polkadot, and several others. With Polkawallet, users can view reserved, bonded, and locked digital assets. Polkawallet also allows users to perform transfers without the need for a QR code.
Additionally, Polkawallet makes it easy for DOT holders to stake their cryptocurrency. The wallet makes all the necessary information about nominators and validators readily available and easily digestible. Users also receive notifications when a new proposal is made, which allows for higher involvement in the governance of the project.
6. Trust Wallet
Another popular Polkadot wallet is Trust Wallet. With Trust Wallet, users have access to decentralized applications, a decentralized exchange, and a way to store their cryptocurrencies. It doesn’t hurt that it’s supported by Binance, one of the largest exchanges in the world.
Trust Wallet supports Bitcoin, Ethereum, Polkadot, Ripple, Stellar, Litecoin, and many others. It also works with BEP2, ERC20, and ERC721 digital assets. If you’re wanting to store your Polkadot while exploring the world of decentralized apps, Trust Wallet is a solid option.
Next on our list of best Polkadot wallets is imToken. This is a mobile wallet that supports Bitcoin, Ethereum, and Litecoin. It also supports Polkadot (DOT).
imToken allows users to store their cryptocurrencies in a secure offline environment. This helps to protect your funds from potential hackers. The wallet also has a built-in exchange that allows you to buy and sell cryptocurrencies.
imToken is a great wallet for those looking for a mobile option that supports DOT.
TokenPocket is another mobile wallet that supports DOT. It also supports Bitcoin, Ethereum, and Litecoin.
TokenPocket is a hierarchical deterministic (HD) wallet. This means that it generates a new address for every transaction. This helps to improve your privacy and security. TokenPocket also allows you to view your token balances and transactions. It also has a built-in exchange that allows you to buy and sell cryptocurrencies.
If you’re looking for a mobile wallet that supports DOT, TokenPocket is a great option.
Mathwallet is available as both a web extension wallet or a mobile wallet. If you like to have access to your crypto on the go, Mathwallet is a great option as it supports both iOS and Android devices. This multi-chain wallet offers support for over 65 different blockchains as well.
Polkadot is just one of many cryptocurrencies Mathwallet supports. Users can also store their Bitcoin, Ethereum, Cosmos, and other digital assets on the wallet, including MATH tokens. With a range of decentralized applications included in the wallet, Mathwallet users can access their favorite decentralized projects. Plus, a “Math News” feature lets users receive updates regarding the latest goings-on in the world of cryptocurrency.
10. Ellipal Titan
Last on our list of best Polkadot wallets is the Ellipal Titan. This is a hardware wallet that supports DOT and a variety of other cryptocurrencies.
The Ellipal Titan is a cold storage wallet. This means that your funds are stored offline. It also has a built-in display that allows you to view your transactions and balances without the need for a computer or phone. The Ellipal Titan also has a built-in exchange that allows you to buy and sell cryptocurrencies.
If you’re looking for a hardware wallet that supports DOT, the Ellipal Titan is a great option.
There are plenty of questions about which wallets do and don’t support Polkadot (DOT). Here are some of the most commonly asked questions:
Do all wallets support Polkadot (DOT)?
No, not all wallets support Polkadot (DOT). However, the wallets on our list of the best wallets for Polkadot (DOT) do support it.
Do I need a special wallet to store my Polkadot (DOT)?
No, you don’t need a special wallet to store your Polkadot (DOT). You can use any of the wallets on our list.
Can I store other cryptocurrencies in my Polkadot (DOT) wallet?
Yes, you can store other cryptocurrencies in your Polkadot (DOT) wallet. The wallets on our list support a variety of cryptocurrencies.
Will Polkadot work with my MetaMask wallet?
Polkadot is its own blockchain. That means it doesn’t run on another blockchain like Binance or Ethereum. That means MetaMask does not support Polkadot. You have to find a wallet that supports Polkadot addresses on the Polkadot network.
Can I keep my DOT on Coinbase?
Yes. You can store your Polkadot in Coinbase.com, in the iOS app, and in the Android app. Coinbase users have the ability to send, receive, and trade their DOT. They can even store it on the platform for as long as they want. If you’re a Coinbase Pro user, DOT trading is also available.
Add some DOT to Your Wallet
It’s clear that there are plenty of options available when it comes to storing your Polkadot (DOT). Different wallets have different features, so you’ll need to decide which one makes the most sense for you and your needs.
No matter which wallet you choose, make sure that it is a reputable option and that it supports DOT. With these wallets, you’ll be able to safely store your DOT and easily access it when you need it.