8 Best Cardano Wallets in 2023

Looking for the best Cardano wallet to stake ADA or trade Cardano tokens and Cardano NFTs? We've got you covered with the top Cardano wallets for 2023.

8 best Cardano wallets

Here’s our list of the top Cardano wallets for 2023 for you to pick from based on key criteria (learn how we selected them):

Yoroi

Yoroi is a popular light Cardano wallet, available as both a browser extension and a mobile app. Developed by Cardano Foundation partner, EMURGO, Yoroi provides a seamless user experience, in particular for DeFi investors as Yoroi's dApp connector allows users to interact with many decentralized applications.

Unlike Daedalus, Yoroi does not require users to download the entire blockchain, but investors can still delegate and stake their ADA tokens easily with many staking pools to pick from. As well as this, Yoroi supports Cardano NFTs and other native tokens, making it a great choice for Cardano enthusiasts, whatever you’re holding. 

Yoroi prioritizes security by implementing password protection and recovery seed options, ensuring that users can recover their funds in case of lost or damaged devices. Yoroi also supports hardware wallets for those who want to follow best security practices to keep their crypto extra secure. 

Daedalus

Daedalus wallet is a desktop wallet specifically designed for Cardano's ADA cryptocurrency. Created by Cardano founder Charles Hoskinson, Daedalus prioritizes security and autonomy. It operates as a full-node wallet, storing the complete history of the Cardano blockchain, ensuring trustless and autonomous operations.

With encrypted private keys stored locally and no reliance on third-party servers, Daedalus provides a high level of security. Daedalus is available for Windows, Linux, and macOS, but mobile versions for Android and iOS are not yet available.

However, it is worth noting that Daedalus exclusively supports ADA and lacks in-built exchanges or additional features. So while it’s ideal for dedicated Cardano users, it may be less suitable for traders and diversified crypto investors.

Eternl (CCvault)

Previously known as CCvault, Eternl wallet is another popular choice for a light Cardano wallet. The wallet is available as a mobile app, web app, or browser extension and includes all the standard features you’d expect of a software wallet including the ability to send, receive and store ADA, as well as other native assets and NFTs.

Users can create an address book and manage up to 24 accounts using the same mnemonic phrase, meaning they can delegate to different ADA staking pools from one wallet, as well as vote on governance protocols and developments. 

Like Yoroi, investors can use Eternl to interact with a variety of DeFi apps easily, allowing them access to the entire decentralized Cardano ecosystem. Eternl stands out for users as the development team is community-focused, with Telegram and Discord support, as well as a Github where users can request new features for development.

Nami

Nami is a popular light Cardano wallet, available as a browser extension on Brave, Chrome, and Edge. You can use Nami to send and receive ADA tokens, as well as other native assets and NFTs.

In addition to this, you can stake and delegate ADA and interact with a huge number of Cardano dApps using Nami wallet. Nami also allows users to create sub-accounts from a single seed phrase, meaning you can stake ADA to multiple pools from one wallet. 

Nami is totally free to use, but the developers do encourage those staking through Nami to delegate to Berry staking pool to help them keep adding new features by funding their devs. 

AdaLite

Previously CardanoLite, the AdaLite wallet is a popular Cardano browser wallet developed by VacuumLabs. Like Nami and Yoroi, AdaLite lets investors send and receive Cardano, as well as other native tokens on the Cardano blockchain including NFTs. 

As well as this, AdaLite allows users to stake ADA, including staking ADA to multiple stake pools from one wallet to maximize their staking rewards. As a browser extension wallet, AdaLite gives investors a user-friendly way to interact with the entire Cardano ecosystem, including a variety of dApps built on the blockchain.

AdaLite is compatible with leading hardware wallets including Trezor and Ledger models, allowing you to store your private keys within your hardware device for enhanced security.

Typhon

Typon wallet is a newer Cardano web wallet and browser extension, offering an easy way for investors to send, receive and store ADA and native Cardano tokens and NFTs, as well as interact with a huge number of dApps in the Cardano ecosystem.

The wallet offers the same staking capabilities as a number of other Cardano light wallets like Nami. But thanks to the multi-account function, Typhon users can store ADA in multiple wallet accounts without needing to manage multiple seed phrases and delegate to multiple staking pools as well.

As well as this, unlike many other Cardano wallets, Typhon offers a rich staking center that lets you track rewards and view up-to-date staking pool information all from your wallet. 

Typhon is compatible with a number of hardware wallets too for added security, including Ledger Nano S, Ledger Nano X, and Trezor T.

Exodus

Unlike most of the wallets in this list so far, Exodus isn’t a Cardano exclusive wallet, but it’s a great option for those looking to invest in both Cardano and other blockchains all from one wallet. Exodus supports more than 330 crypto assets, all from one spot, including your ADA tokens.

While it’s not a dedicated Cardano wallet like Typhon or Eternl, you can use an Exodus wallet to do almost everything the other Cardano wallets in this list can do, including send and receive ADA, stake ADA and interact with dApps as Exodus is supported by most decentralized protocols using WalletConnect. Exodus wallet even supports Cardano NFTs.

Exodus is available as a browser extension or mobile app, and is compatible with the Trezor Model One and T.

Trezor

Looking for a hardware device to help keep your crypto safe? Trezor offers two devices - the Trezor Model T and Trezor Model One, that both work with the majority of light Cardano wallets. This means you can enjoy the added security of your private keys being stored in a cold device, while still being able to easily transact with your ADA.

The Model T is available from $219, while the Model One is available from $69. You should only ever purchase hardware wallets directly from the manufacturer to ensure they haven’t been tampered with.

What is the best Cardano wallet?

Wondering what the best Cardano wallet to use in 2023 is? There are a few criteria you need to consider when you're making your choice, including:

• Security: You need to use a secure wallet, preferably with hardware wallet compatibility to keep your ADA safe. We’ve only chosen secure, non-custodial wallets.
• Features: From Cardano NFTs to Cardano staking, there are plenty of features you might want in your wallet. That's why we've looked at every wallet's features in-depth so you can easily compare.
• Interface: Not everyone knows how to get to grips with non-custodial wallets straight away, and full-node wallets like Daedalus are a little more complicated. 

We’ve rounded up the best Cardano wallets in 2023 for you to pick from based on all the criteria above.

FAQs

More questions about Cardano wallets? We got you.

What's the best wallet for staking Cardano?

All of the wallets in our list are suitable for staking Cardano, but Daedalus is the best full node wallet for staking Cardano, while Yoroi is the most popular light wallet for staking Cardano based on downloads.

What's the main wallet for Cardano?

The Cardano Foundation partnered with EMURGO to develop Yoroi wallet and IOHK to develop Daedalus wallet.

What's the best non-custodial wallet for ADA?

Any of the ADA wallets in our best Cardano wallets list are a secure and safe option for a non-custodial wallet for Cardano

What is the alternative to Daedalus wallet?

Daedalus is the only full node wallet for Cardano and there is no alternative full node Cardano wallet. You can however still delegate and stake Cardano using light wallets like Yoroi, Eternal, Nami, Adalite, and Typhon.

Is staking Cardano worth it?

Staking Cardano is an effective way for investors to earn passive income on their ADA holdings, and if you’re using a non-custodial Cardano wallet to stake, your Cardano never leaves your wallet and you can unstake at any time.

Is staking Cardano risky?

There are some risks involved with staking Cardano, including that a staking pool does not perform as hoped and your rewards may not be as high. Fortunately for delegators, your original stake is not at risk of being penalized if a validator. However, staking through a centralized exchange carries different risks.

Is Daedalus or Yoroi better?

Daedalus is a full-node Cardano wallet, while Yoroi is a light Cardano wallet, so the two aren’t really comparable and serve different purposes. With Daedalus, you download and maintain a copy of the entire Cardano blockchain, while with Yoroi you don’t, but you can still stake your ADA on either.

Is Daedalus wallet owned by Cardano?

Effectively, yes. Daedalus wallet was created by IOHK (Input/Output), which was made by Charles Hoskinson, who also created the Cardano blockchain.

What's the minimum ADA to stake?

There's no minimum staking deposit for ADA, but you will pay a refundable fee of 2 ADA for the transaction. You’ll receive this fee back when you unstake your ADA.