These are the best Polygon wallets to safely manage and stake MATIC, tokens, access Polygon network DApps, and more.
This is the most comprehensive list and includes software and hardware wallets for the Polygon (MATIC) network.
The Best Polygon MATIC Wallets
- Ledger Nano X – Best Hardware Wallet
- SafePal S1 – Best Hardware Wallet for Mobile
- D’CENT – Best Bluetooth Hardware Wallet
- MetaMask – Best Browser Extension Wallet
- Trust Wallet – Best Wallet For Mobile
- Exodus – Best Desktop Wallet
What is the Polygon network?
Polygon (Matic) is a layer 2 solution for Ethereum. What does it mean?
Ethereum network with all DApps built on it and transactions is slow, expensive, and haven’t found a real solution for these issues yet. That’s where Polygon, as a layer 2 solution, steps in.
By solving these issues, Polygon makes the Ethereum network cheaper, faster, and more secure.
It is a reason why many projects and businesses are switching to Polygon, as savings on the transaction fees are significant compared to the one on the Ethereum mainnet with all the other technical and functionality benefits.
Over 19k+ DApps are using the Polygon to scale their performance.
The second-largest cryptocurrency exchange Coinbase has chosen Polygon for its Ethereum scaling solution.
The two international brands Adidas Originals and Prada, have collaborated to launch the open-metaverse NFT project on Polygon. The Unstoppable Domains are using the Polygon.
Instagram is launching the NFTs using the Polygon network!
Meta – Social Metaverse Company (whose CEO Mark Zuckerberg made the company’s rebranding and shifted the long-term focus of building the metaverse) also owns Facebook and WhatsApp. So we are sure these two social media networks will follow.
One of the largest betting companies DraftKings is also partnering with Polygon.
One of the biggest accounting firms, Ernst & Young (EY), has partnered with Polygon. I can go on or back (Graph, Chainlink…), but these are some of the most recent and significant additions I find valuable for the network.
And it’s not just the projects and businesses. The users are also turning away, not willing to spend hundreds of dollars on transaction fees (gas fees) on Ethereum buying NFTs (non-fungible tokens) or building DApps when they can use Polygon.
The Polygon as the Ethereum Network of Blockchains
Polygon implemented many scaling chain solutions to its network infrastructure. Polygon Plasma, ZK rollups, Optimistic rollups, Enterprise chains, and Standalone chains (building blockchains using Polygon SDK with a couple of clicks) make it the best interoperable layer two scaling solution for building Ethereum-compatible blockchains.
The Polygon’s POS (proof-of-stake) protocol consensus enables you to stake MATIC and earn rewards.
Polygon might seem similar to some blockchains looking to compete with Ethereum like Cosmos, but Polygon is instead solving Ethereum issues, not competing with it. Its chain mechanism might also seem similar to a now quite popular Polkadot blockchain, but there is a big difference.
Polygon chains can leverage the security, robustness, and network effects of the Ethereum blockchain. This is quite an important cause as leaning on the Ethereum blockchain for security, Polygon chains, being layer 2, can reclaim user funds if anything goes wrong on these chains. While for the other emerging blockchains, there’s a significant doubt if the tokens will be just lost.
The MATIC price?
The Polygon native cryptocurrency is MATIC. The Polygon market cap is just 2-3% of the Ethereum current market cap.
Ethereum is the second-largest cryptocurrency, converted to the proof-of-stake protocol blockchain, its price will continue to rise in the future. But at the same time, the great environment for the developers and new features will push more users to Polygon. Considering everything mentioned, the MATIC price could easily experience a x20 rise in the near future.
I have been following Polygon (MATIC) development for quite some time. Waiting to see how Ethereum 2.0 and “Merge” with the Beacon chain will work out, but during that period, Polygon outperformed Ethereum by the number of active users. Due to adoption and technical improvements, there are now over 15,000,000 Polygon wallets.
What is the best Polygon wallet?
These are the 6 best Polygon MATIC wallets, including both software and hardware wallets.
Hardware wallets are the only ones that keep your cryptocurrency 100% safe and can be easily connected to software wallets.
1. Ledger Nano X – Best Hardware Wallet
Ledger Nano X is one of the most popular and trusted hardware wallets. It’s the second generation of Ledger wallets, the first being Ledger Nano S (2016), building its great reputation since then.
You can use it on the Desktop – Windows, Linux, macOS (USB cable), and on Mobile devices – Android and iOS (Bluetooth connection or USB C cable).
It works with the Ledger Live app, also available for desktop and mobile, and you can sync them, of course. It supports over 5,500+ coins and tokens.
In Ledger Live, you are able to install cryptocurrency apps (wallets) for the Ledger device, and you are then able to manage but also buy/sell/swap/lend crypto assets, buy gift cards, do the staking, and much more, using the safe environment it provides.
You can install the Polygon app and open the Account/s for the Polygon (MATIC) network in Ledger Live, from where you can safely manage it.
Ledger Live Polygon account:
Stake MATIC using Ledger Nano X and Metamask Wallet!
Step 1. Connect your Ledger Nano X hardware wallet with the MetaMask software wallet. Check the article How To Set Up MetaMask For Polygon (Matic) Network.
Step 2. Visit https://staking.polygon.technology/ and select the MetaMask. Now you are ready to stake MATIC safely!
You can also use MetaMask to access DApps, manage tokens, NFTs, etc.
MetaMask + Ledger Nano X hardware wallet connected to QuickSwap DEX:
Ledger Nano X price is 149,00€
2. SafePal S1 – Best Hardware Wallet for Mobile
SafePal S1 hardware wallet works with iOS and Android devices. It uses the SafePal app and supports 20+ blockchains and 10,000+ tokens.
You can use it to manage MATIC, tokens, and access DApps on the Polygon network.
The hardware wallet became very popular quickly (Binance Labs backed up development) due to its excellent performance and functionality but also a quite cheap price (not compromising on security, EAL 5+ certificate) to get a piece of the market fast, ruled so far by mostly Ledger and Trezor.
However, new hardware wallets using different security solutions are coming up, and SafePal uses the air-gapped security connection mechanism. It uses only the QR code transmission for signing transactions isolating the device from other connections like WiFi, Bluetooth…
It also has a self-destruct anti-tamper mechanism. If it detects a forceful breach, it will delete all private keys, and data, inside the device. Which you can, of course, always recover using your hardware wallet recovery phrase you write down when you set it up. This way, it protects your cryptocurrency from both offline and online attacks.
Back to Polygon. I have sent and received MATIC using the Polygon network in 2 seconds (the transaction finality on Polygon is fantastic).
I can now just keep it safe and manage it or browse the DApps that support the Polygon network or are built on it using the integrated DApps explorer.
Or exchange – swap MATIC with other coins and tokens, including major cryptocurrencies like Bitcoin, Ethereum (Ether), Litecoin, stablecoins… using the SafePal integrated exchange.
SafePal S1 hardware wallet price is only: $49.99
3. D’CENT – Best Bluetooth Hardware Wallet
D’CENT hardware wallet works with Android and iOS devices. It’s more than decent. It’s very, very good in design, security, and functionality.
It uses the D’CENT app to work through the encrypted Bluetooth connection on both sides! The device has a Bluetooth signal which the D’CENT app receives through your Mobile Bluetooth! You can read how it works, how to set it up, and much more in our D’CENT hardware wallet review.
Along with the 128×128 OLED display, it probably has the best and easiest navigation solution among the wallets we reviewed so far. It uses the 4 buttons encircling the fingerprint authentication square used as a security layer—the reason why this wallet is also called biometric.
D’CENT can be used for MATIC on the Polygon network and Ethereum (ERC20). You create a wallet for it in the D’CENT app.
Which is then shown on the hardware wallet device.
And without the mobile app, you can see your Polygon hardware wallet address and QR code and use it to receive MATIC.
And in the D’CENT app (I have sent the MATIC) and received it:
D’CENT app also has an integrated DApps explorer (Discovery tab). You click on the top right to choose the network, Polygon, in our case.
You can type any DApp address in the toolbar to access and connect or search for it on Google. Let’s visit and connect to one of the most popular – QuickSwap exchange.
Connect. We are now connected. You can see our Polygon wallet address in the bottom left now, and MATIC funds are recognized. We are now able to use all functions of the platform. You can do so with any DApp.
You can also use the WalletConnect (the top left icon you saw in the DApps explorer image to do the same by scanning the QR Code of the DApp presented on the PC/Laptop.
Using the Collectibles tab, you can see your bought NFTs (non-fungible tokens) collection.
D’CENT Discount Code & Special Offers!
You can use our link to get the $30 discount.
D’CENT hardware wallet price is: $159,00
4. MetaMask – Best Browser Extension Wallet
Since we already mentioned it and is widely accepted by Polygon DApps and users, let’s continue with the MetaMask software wallet.
It was built for Ethereum and has a large number of users, but can be configured for all the blockchains compatible with the EVM (Ethereum Virtual Machine).
You can read our article on how to set up MetaMask For Polygon (Matic) Network. Connected with the Ledger Nano X, your crypto assets are always 100% safe.
5. Trust Wallet – Best Wallet For Mobile
Trust Wallet is a very popular mobile wallet (iOS and Android devices). It is very well-built and supports a big number of networks, coins, and tokens. You can use it to receive and manage the Polygon network MATIC.
It also has an integrated DApps browser, where you can choose between 15 supported networks, including Polygon, and access and connect to Polygon DApps easily. You do that by using the DApps browser search bar for Google to find your DApp.
You can also use WalletConnect to scan the Desktop QR code of the DApp platform you want to connect to.
Overall, Trust Wallet is very stable, with no bugs or issues. Been using it for quick transactions for quite a while (not big amounts, of course, those are for hardware wallets, and TrustWallet does not have that option), but can surely serve the purpose.
6. Exodus – Best Desktop Wallet
Exodus wallet is one of the oldest multicurrency wallets supporting all operating systems: Windows, Linux, macOS, Android, and iOS. In addition, the Desktop version can be connected to the Trezor hardware wallet using the Trezor bridge.
You can also sync the Mobile or Tablet devices wallet with the PC/Laptop ones.
But make sure you write down your backup recovery phrase, or the Desktop version won’t let you through if you forgot your password and recovery phrase, which is normal, but you won’t be able to create a new wallet either. The way around it is you create a new wallet on the Mobile and restore it using its recovery phrase.
The Exodus wallet has a friendly user interface, showing you your crypto portfolio and the percentages of cryptocurrency you have in the wallets.
You can create a wallet for MATIC on the Polygon network and Ethereum (ERC20). We are using a Polygon network like with all wallets listed so far.
Since I synced the wallets (you just scan the QR code of one of the wallets from another), I can see the same amount on my Exodus Desktop version.
The Exodus wallet doesn’t have a DApps connecting option but is a well-respected and reliable wallet.
You can exchange MATIC with a big number of cryptocurrencies and tokens.