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Best software wallet (hot wallet)

Short answer: What is the best software wallet (hot wallet)?

Too close to call. Zengo (78.0%) and Edge (76.7%) are within 1.3 points, under our 3-point threshold, so we don't name a winner.

Data as of · Last updated · By VaultRubric Research · How we score · Not investment advice.

Every software wallet in our curated dataset, scored with equal weights on price, security record, coin support, ease of use, support and backup/recovery. Wallets under 75% data coverage stay listed with a limited-data badge and can't be the pick. Software wallets are convenient but keep keys on an internet-connected device; for larger amounts consider a hardware wallet.

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Key facts

FactMetaMaskExodusTrust WalletCoinbase WalletPhantomRabbyZengoElectrumBlueWalletSparrowRainbowAtomic WalletEdge
Price (USD)not foundnot foundnot foundnot foundnot foundnot foundnot foundnot foundnot foundnot foundnot foundnot foundnot found
Supported coins19+ Lower bound: 19 networks pre-listed in MetaMask's network selector (Ethereum, Bitcoin, Solana, Tron, Linea, Base, Polygon, BNB Chain, Arbitrum, OP, Avalanche, zkSync Era and more) plus any custom EVM network; total token count not published src · 2026-10-11not found40+ 40+ networks src · 2026-10-10not found5+ Lower bound: chains named on phantom.com (Solana, Ethereum, Bitcoin, Robinhood, HyperEVM 'and more'); total token count not published src · 2026-10-11not found1,000+ src · 2026-10-101+ Bitcoin only src · 2026-10-101+ Bitcoin + Lightning src · 2026-10-101+ Bitcoin only src · 2026-10-10not found500+ 500+ assets src · 2026-10-10not found
Security incidentsnone in curated data (not proof of none)none in curated data (not proof of none)2025-12 Malicious browser-extension v2.68 published via leaked Chrome Web Store key; ~$8.5M drained from 2,520 addresses src src
2023-04 CVE-2023-31290: Trust Wallet browser extension generated keys with only 32 bits of entropy; exploited Dec 2022 and Mar 2023 (~$170K); Trust Wallet reimbursed affected users src · 2026-10-11 src · 2026-10-11
2023-07 CVE-2024-23660: Trust Wallet iOS used time-seeded randomness for wallet generation; exploited 2023-07-12; Trust Wallet says affected users were notified and migrated; researchers report multiple victims; reimbursement not documented src · 2026-10-11 src · 2026-10-11
2023-03 Zengo 'red pill' research: transaction-simulation bypass affected Coinbase Wallet among others; fixed; no user funds reported stolen src · 2026-10-11 src · 2026-10-11none in curated data (not proof of none)none in curated data (not proof of none)2023-08 BitForge (CVE-2023-33242) MPC implementation flaws disclosed by Fireblocks affected Zengo; fixed before disclosure; no exploitation reported src · 2026-10-11 src · 2026-10-112023-09 Electrum security advisories: Lightning payment_preimage validation skipped on Android and partial MPP acceptance; fixed in 4.4.x src · 2026-10-11 src · 2026-10-11
2026-04 Electrum security advisories: external-plugin authorization bypass (local code execution) and Nostr Wallet Connect spending-limit bypass; fixed in 4.7.2 src · 2026-10-11 src · 2026-10-11
none in curated data (not proof of none)none in curated data (not proof of none)none in curated data (not proof of none)2023-06 Over $100M stolen from 5,500+ user wallets; attributed to North Korea's Lazarus Group srcnone in curated data (not proof of none)
Open sourcenot foundnot foundnot foundnot foundnot foundnot foundpartial src · 2026-10-10not foundnot foundnot foundTrue src · 2026-10-10not foundTrue src · 2026-10-10

VaultRubric ranking

Weights: Price 17%, Security 17%, Supported coins 17%, Ease of use 17%, Support 17%, Backup/recovery 17%

Too close to call: Zengo and Edge are within 1.3 points (under 3). Pick on the criteria you care about most.

⚠ Zengo: software vulnerability (2023-08)

⚠ Coinbase Wallet: software vulnerability (2023-03)

⛔ Atomic Wallet: customer funds hacked 2023-06 and not shown as fully reimbursed. Score capped at 60%, not eligible to be the pick.

⚠ Electrum: software vulnerability (2023-09)

⚠ Electrum: software vulnerability (2026-04)

⛔ Trust Wallet: customer funds hacked 2025-12 and not shown as fully reimbursed. Score capped at 60%, not eligible to be the pick.

⚠ Trust Wallet: Hacked 2023-04, customers reimbursed

Criterion (weight)ZengoEdgeExodusRabbyMetaMaskCoinbase WalletAtomic WalletBlueWalletRainbowElectrumSparrowPhantomTrust Wallet
Price (17%)10/1010/1010/1010/1010/1010/10not found10/1010/1010/10not found10/10not found
Security (17%)5.8/106.5/105.5/106.5/106.0/105.8/102.5/106.5/106.5/105.8/106.5/106.0/100/10
Supported coins (17%)10.0/10not foundnot foundnot found4.3/10not found9.0/101.0/10not found1.0/101.0/102.6/105.4/10
Ease of use (17%)8.0/10
customer reviews (Trustpilot), may skew positive
9.0/109.0/107.0/108.0/109.0/108.9/10
customer reviews (Trustpilot), may skew positive
8.0/108.0/106.0/10not found6.0/10
customer reviews (Trustpilot), may skew positive
7.0/10
customer reviews (Trustpilot), may skew positive
Support (17%)7.0/10
customer reviews (Trustpilot), may skew positive
9.0/10
customer reviews (Trustpilot), may skew positive
4.0/10
customer reviews (Trustpilot), may skew positive
3.0/10
customer reviews (Trustpilot), may skew positive
3.0/10
customer reviews (Trustpilot), may skew positive
3.0/106.0/10
customer reviews (Trustpilot), may skew positive
3.0/104.0/103.0/107.5/103.0/10
customer reviews (Trustpilot), may skew positive
2.0/10
customer reviews (Trustpilot), may skew positive
Backup/recovery (17%)6.0/10
customer reviews (Trustpilot), may skew positive
8.0/107.0/10
customer reviews (Trustpilot), may skew positive
9.0/107.0/107.0/107.0/107.0/103.0/107.0/107.0/104.0/10
customer reviews (Trustpilot), may skew positive
6.0/10
Overall78.0% coverage 100%76.7% coverage 83%65.0% coverage 83%65.0% coverage 83%63.8% coverage 100%63.8% coverage 83%60.0% coverage 83%59.2% coverage 100%58.3% coverage 83%54.7% coverage 100%53.3% coverage 67% limited data52.7% coverage 100%42.3% coverage 83%
Show math: Zengo0.167×10 + 0.167×5.8 + 0.167×10.0 + 0.167×8.0 + 0.167×7.0 + 0.167×6.0 = 7.80 → 78.0%
Show math: Edge0.167×10 + 0.167×6.5 + 0.167×3.5* + 0.167×9.0 + 0.167×9.0 + 0.167×8.0 = 7.67 → 76.7% (* unknown, imputed)
Show math: Exodus0.167×10 + 0.167×5.5 + 0.167×3.5* + 0.167×9.0 + 0.167×4.0 + 0.167×7.0 = 6.50 → 65.0% (* unknown, imputed)
Show math: Rabby0.167×10 + 0.167×6.5 + 0.167×3.5* + 0.167×7.0 + 0.167×3.0 + 0.167×9.0 = 6.50 → 65.0% (* unknown, imputed)
Show math: MetaMask0.167×10 + 0.167×6.0 + 0.167×4.3 + 0.167×8.0 + 0.167×3.0 + 0.167×7.0 = 6.38 → 63.8%
Show math: Coinbase Wallet0.167×10 + 0.167×5.8 + 0.167×3.5* + 0.167×9.0 + 0.167×3.0 + 0.167×7.0 = 6.38 → 63.8% (* unknown, imputed)
Show math: Atomic Wallet0.167×5.0* + 0.167×2.5 + 0.167×9.0 + 0.167×8.9 + 0.167×6.0 + 0.167×7.0 = 6.40 → 64.0% (* unknown, imputed); capped at 60% (customer funds hacked 2023-06)
Show math: BlueWallet0.167×10 + 0.167×6.5 + 0.167×1.0 + 0.167×8.0 + 0.167×3.0 + 0.167×7.0 = 5.92 → 59.2%
Show math: Rainbow0.167×10 + 0.167×6.5 + 0.167×3.5* + 0.167×8.0 + 0.167×4.0 + 0.167×3.0 = 5.83 → 58.3% (* unknown, imputed)
Show math: Electrum0.167×10 + 0.167×5.8 + 0.167×1.0 + 0.167×6.0 + 0.167×3.0 + 0.167×7.0 = 5.47 → 54.7%
Show math: Sparrow0.167×5.0* + 0.167×6.5 + 0.167×1.0 + 0.167×5.0* + 0.167×7.5 + 0.167×7.0 = 5.33 → 53.3% (* unknown, imputed)
Show math: Phantom0.167×10 + 0.167×6.0 + 0.167×2.6 + 0.167×6.0 + 0.167×3.0 + 0.167×4.0 = 5.27 → 52.7%
Show math: Trust Wallet0.167×5.0* + 0.167×0 + 0.167×5.4 + 0.167×7.0 + 0.167×2.0 + 0.167×6.0 = 4.23 → 42.3% (* unknown, imputed)

Zengo

Pros

  • Strong security via MPC without private keys src
  • 24/7 customer support available in-app src
  • Simple UI for buying, selling, storing crypto src

Cons

  • Wallet loss after following support instructions to delete app src
  • Abrupt ticket closures and unhelpful support advice src
  • Issues migrating account to new device src
  • Fees, limits, and verification concerns noted by users src

Edge

Pros

  • Strong customer support src
  • Non-custodial with client-side encryption src
  • Easy for beginners src
  • Zero-knowledge encrypted backups src

Cons

  • Mobile-only, no desktop or web version src
  • Constant internet connection required src
  • Past security incident with plaintext logging src
  • Some users report delayed bitcoin receipt src

Exodus

Pros

  • Polished intuitive interface src
  • Multi-chain support with built-in swaps and staking src
  • Strong security fundamentals for hot wallet src
  • 24/7 customer support available src

Cons

  • High transaction and exchange fees src
  • Closed source code src
  • Lacks native 2FA src
  • Poor customer service responses src

Rabby

Pros

  • Strong security with risk scanning and transaction previews src
  • Better swap rates without added fees via DEX aggregators src
  • Clear transaction transparency and simulation src
  • Easy permission revocation and hardware wallet integration src

Cons

  • Blocks adding PulseChain as custom network src
  • No fiat purchases or staking features src
  • Some users report abandoned accounts after chain drop src

MetaMask

Pros

  • Easy dApp access and Ethereum token transfers src
  • Supports large number of assets on Ethereum and EVM networks src
  • Simplified setup process for beginners src
  • Mobile app available in addition to browser extension src

Cons

  • Poor customer support and hard to reach src
  • Security concerns including phishing risks and past incidents src
  • Browser data collection and limited security features vs competitors src
  • Lacks support for non-EVM popular coins like Bitcoin src

Coinbase Wallet

Pros

  • Best for beginners with learning modules src
  • Self-custody with broad asset support src
  • Strong security features like 2FA src
  • Web3 and DeFi functionality src

Cons

  • Costly transaction fees src
  • Not fully open source src
  • Limited Bitcoin support in older review src
  • High and confusing fees src

Atomic Wallet

Pros

  • Supports over 1000 coins and tokens src
  • Staking available for multiple assets src
  • Available on multiple desktop platforms src
  • 24/7 customer support src

Cons

  • Hacked in June 2023 with security concerns src
  • Expensive fees for instant buys src
  • High commission on credit card buys src

BlueWallet

Pros

  • Lightning Network support for fast transactions src
  • Open source with multi-wallet management src
  • Innovative security like multisig and plausible deniability src
  • Easy for beginners with advanced features available src

Cons

  • Secretly charges high Lightning fees src
  • Lacks two-factor authentication src
  • Limited educational resources for absolute beginners src
  • Only supports Bitcoin, no other cryptos src

Rainbow

Pros

  • Beginner-friendly UI with NFT support src
  • Non-custodial with hardware support src
  • Built-in scam warnings src

Cons

  • Backup functionality issues src
  • Limited to Ethereum and EVM chains src
  • No live customer support src
  • Ramp buying option complaints src

Electrum

Pros

  • Easy setup process src
  • Hardware wallet compatible src
  • Multisig and 2FA security options src

Cons

  • Bitcoin only src
  • Limited customer support src
  • Sharp learning curve src
  • Past vulnerability to cyber attacks src

Sparrow

Pros

  • Best Bitcoin wallet pick by review site src
  • Supports advanced features like coin control and airgapped signing src
  • Supports Lightning Network for faster transactions src

Cons

  • Multisig backup requires extra wallet file beyond seeds src
  • Wallet file with public keys should be encrypted if stored in cloud src

Phantom

Pros

  • Non-custodial with seed phrase backup src
  • Transaction previews and scam warnings src
  • Easy setup and UI for some users src
  • Hardware wallet integration available src

Cons

  • Email recovery loses multiple accounts src
  • Poor unresponsive customer support src
  • Funds can disappear with no resolution src
  • Recovery issues when switching devices src

Trust Wallet

Pros

  • Simple and intuitive UI for beginners src
  • Supports large number of coins and tokens src
  • Users control their private keys src

Cons

  • Poor security leading to fund losses and scams src
  • Unhelpful customer support for scam victims src
  • High or hidden fees during transactions src
  • Lacks basic security features src

Related comparisons

FAQ

What is the best software wallet (hot wallet)?

Too close to call between Zengo and Edge (within 3 points). Your answer depends on your priorities; adjust the weights in the tool.

How does VaultRubric score platforms?

Each criterion gets 0–10 from cited evidence (curated dated data, live independent reviews, and AI analysis that must quote its source verbatim). Weights are normalized to 100%; missing data is scored at a conservative placeholder (5/10, or the comparison median if lower) so it can't lift a rank, and real-evidence share is shown as coverage. Under 75% coverage can't be the pick; within 3 points is Too close to call. Platforms with an unreimbursed customer-funds hack in the last 48 months are capped at 60% and can't be the pick. Fund-loss hacks deduct 3 security points; incidents where no customer funds were lost (data/email leaks, company-treasury losses) deduct only 0.5, half after 24 months and zero after 48. Criminal guilty pleas (−2) and major civil settlements (−1) in the last 5 years reduce the security score.

Disclosures

Not investment or financial advice. VaultRubric compares platforms, not investments. Crypto is risky and rates change often; verify details on the provider's official site. Affiliate disclosure: some links may be affiliate links and we may earn a commission; this never changes scores. Details.