The 5 Best Optimism Wallets

Published on September 13th, 2022

background image by: Lukas

Optimism is a great network that we can use to take advantage of low fees and fast transaction times. One of the critical elements that a person needs to take advantage of the Optimism network is a great wallet. Understanding what the best wallets Optimism wallets are can help us prevent critical mistakes.

The Best Optimism wallets are:

  1. Metamask
  2. Trust Wallet
  3. Assure
  4. Ledger Hardware Wallet
  5. Brave Wallet

In this article, we go over the 5 best currently available wallets for Optimism. We go over which wallet is best suited for you as an Optimism Network user. We go over the pros and cons for each wallet so that you can decide which Optimism Wallet best suits your needs.

5. Brave Wallet

  • Our 5th best Optimism wallet is the Brave Wallet. The Brave wallet is a wallet integrated into the Brave browser. It supports EVM compatible chains such as Matic, Celo, Avax, and Optimism, as well as Solana. Easily switch between networks to trade, send and, receive assets.

The Brave wallet is a wallet that is integrated into the Brave browser. The Brave wallet is an alternative to Metamask but instead of using Chrome, it uses the Brave web browser. This wallet supports the Optimism network as well as other networks such as Fantom, Avalanche, Celo, and BSC.

The Brave wallet allows people to add custom tokens on all of the networks it supports including Optimism.

Pros

  • Easily add any token on Ethereum, Optimism, Avax, Fantom, and many more chains.
  • Support for Solana.
  • It's a convenient wallet to use.

Cons

  • Brave Wallet is a hot wallet. Funds can be hacked much more easily than with a Cold wallet.
  • Not available on Mobile devices.
  • Limited lack of other coins such as Bitcoin since it only supports ERC-20 tokens and Solana.

4. Ledger Nano S or X

  • The 4th best Optimism wallet in our opinion is the Ledger Hardware Wallets. The Ledger Nano hardware wallets are the standard wallets that everyone should have. They are the safest wallets in the world. The Ledger Nano S/X are not connected to the internet and therefore are incredibly difficult to hack.

Ledger is a great optimism wallet. We think that it deserves the 4th spot on our list since it is the safest wallet. The ledger hardware wallets are very difficult to get compromised on their own, giving them the title of the safest wallets in the world.

This is the pick if you want to store Optimism network assets for a long time, or in an ultra-safe location.

Pros

  • Ledger Nano X/S wallets are extremely safe.
  • Ledger Wallets are Cold wallets and offer the best security.
  • Many software wallets allow connection to the Ledger Nano to hold keys, such as MetaMask.
  • Easily store Optimism via software wallets that connect to Ledger like Metamask.

Cons

  • Ledger Live lacks UI support for other EVM chains.
  • Can Be Inconvenient to use for frequent traders.
  • costs about $79.00

3. Assure

  • Assure is an Optimism-compatible mobile wallet available on Android and IOS. It has a sleek design and offers support for Bitcoin, as well as other EVM compatible chains.

Switch between networks on the app and add the tokens that you’d like on the app. The Assure Wallet also allows you to switch between different wallets at any time. It also allows customers to trade with a Binance app integration.

Overall this is a great choice if you want a mobile wallet with tons of functionality. The user interface is also visualy appealing to see as you switch from wallet to wallet.

Pros

  • Many tokens that are available in the wallet are from the Ethereum and BSC chains.
  • Trade using Binance’s liquidity and in-app UI.
  • Sleek and cool design.
  • Add multiple wallets and switch between them.

Cons

  • Lacks support for tokens on the Optimistic chain and on Arbitrum.
  • Assure is a Hot wallet. A compromised phone can result in loss of funds.

2. TrustWallet

  • Trustwallet is a popular and great mobile wallet that supports Optimism. Trustwallet also supports ERC20 tokens on many EVM compatible chains. Trustwallet also supports many different cryptocurrencies such as Bitcoin, Tezos, Solana, Tron, etc.

TrustWallet is a popular wallet and serves as a great Optimism wallet. Users can add custom Optimism assets on the app, as well as tons of other assets on other blockchain networks. TrustWallet is also widely acceptable amongst DeFi apps, allowing users ease of use.

Pros

  • Supports ERC tokens on EVM chains such as BSC, Avalanche, Cronos, and, much more!
  • Has great security.
  • Supports Bitcoin, Solana, and other Cryptocurrencies.
  • Available on IOS and Android.

Cons

  • Trust wallet is a Hot Wallet; a compromised phone can result in loss of funds.
  • Not available as a Desktop App or on Chrome.

1. Metamask

  • Our Number 1 choice for the best Optimism wallet comes down to Metamask. Metamask has existed for more than a few years and has garnered the trust of the community.

Switch between every EVM compatible chain, including Optimism on Metamask. Most DApps on the Optimism network support Metamask. Most DApps on other networks also support Metamask, including Pancakeswap, 1Inch, Aave, etc.

Additionally, Metamask allows you to trade between hundreds of tokens, including tokens that aren’t known to the wider public yet.

Users can also use their Ledger Wallets along with Metamask to surf the DeFi web efficiently and safely.

Pros

  • Available on IOS, Chrome, and Android.
  • Easily add every EVM compatible chain, including BSC, Polygon, Avalanche and, much more!
  • Most decentralized applications across all EVM chains offer support for Metamask.

Cons

  • Doesn’t offer support for Bitcoin or different chains.
  • Metamask is a hot wallet. Funds can be compromised if your computer or mobile device gets hacked.

The Safest Optimism Wallet

  • The Ledger Nano hardware wallets are the safest wallets in the world. The Ledger Nano S/X are not connected to the internet and therefore are incredibly difficult to hack.

The safest Optimism wallet is the Ledger Nano S or X hardware wallets. These wallets are the most reputable in the industry. While these wallets are not the most convenient, they allow people to store cryptocurrency safely and for long periods of time without having to worry about it getting hacked or stolen.

To use Ledger Hardware wallets, users can install Metamask and then connect to the ledger to be able to take advantage of the optimistic network and its ecosystem. There are many other software Wallets that allow connection to the Ledger.

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