Crypto adoption is not only on the rise among users, but also among enterprises. There is a rapid increase in global digital asset integration, with more than 568 million crypto users. It is also expected that traditional businesses will integrate cryptocurrencies into their financial strategies. Some have started already. Forbes, for instance, launched ForbesWeb3 to build its own Web3 community. Similarly, Fox Corp teamed up with Polygon to build its own blockchain, Verify.
Businesses are currently turning to crypto to:
eliminate third-party intermediaries and gain full control over their funds.
reduce exposure to hacks and breaches common to centralized financial systems.
establish a seamless, decentralized system for payments and asset management.
To achieve these objectives, businesses entering the crypto space need non-custodial wallets for complete and secure asset ownership and management, while leveraging features like token swaps, fiat integration, and DeFi access. Here, we explore the best non-custodial wallets that cater to these needs and more.
1. NOW Wallet
NOW Wallet is a leading non-custodial solution that can enable businesses to meet their objectives. Powered by ChangeNOW, it is a hybrid of robust security, seamless crypto management, instant swaps, and user-friendly features. The wallet addresses the specific needs of asset issuers, exchange services, payment platforms, dApps, and other industries.
NOW Wallet's extensive support for over 70 networks and 1,500+ tokens, ranging from prominent ones like Bitcoin (BTC) and Ethereum (ETH) and meme coins such as Dogecoin (DOGE) to utility tokens including 0x (ZRX) and Basic Attention Token (BAT) and privacy tokens such as Monero (XMR) and Zcash (ZEC), and many more. The wallet also allows for adding custom tokens on supported EVM-compatible blockchains and the Tron network, further simplifying the process for asset issuers to integrate their coins and reach a broader audience. NOW Wallet’s asset variety ensures that issuers can offer users a platform where they can store, send, sell, and exchange new assets without hassle.
NOW Wallet also hosts a myriad of Ethereum and Solana NFTs, with support for Binance Smart Chain to come soon. This is particularly useful in an era where businesses are leveraging NFTs to create exclusive product offerings, increase brand visibility, expand their customer base, build communities, and maximize profits through NFT sales.
Supporting GameFi favorites like Immutable X (IMX), The Sandbox (SAND), and Gala (GALA), NOW Wallet is perfect for blockchain gaming companies. Payment platforms can effortlessly integrate with NOW Wallet to streamline crypto payments, while e-commerce outfits can benefit from this integration to accept crypto payments through NOW Wallet, thus opening up new revenue streams and enhancing profitability. Exchange services can integrate their system with the wallet, while dApp developers can launch their products directly from the wallet, enabling their users to interact securely within the Web3 ecosystem.
Enterprises can also take advantage of NOW Wallet's flexible business solutions, such as Point-of-Sale accounts for crypto payments, and collaborative marketing campaigns. These offerings enable companies to tailor their processes to meet their specific needs and align with their unique goals and strategies. Additionally, businesses can protect themselves through Pro benefits like AML checks and private domains for receiving payments.
The wallet's cross-platform operability makes it compatible with mobile (Android and iOS) and desktop (macOS, Windows, and Linux) devices, enabling institutional clients to manage their funds securely and efficiently anytime, anywhere.
2. Trust Wallet
Trust Wallet is a good choice for enterprises managing diverse crypto portfolios. Basically, it supports over a million crypto assets across 100+ blockchains and allows businesses to store, send, and instantly swap their cryptocurrencies and NFTs. It also enables the buying of cryptocurrencies with 100+ local fiat currencies supported by partners like MoonPay, Simplex, Transak, Mercuryo, and Ramp Network.
However, what makes Trust Wallet a great pick for businesses is its Wallet-as-a-Service (WaaS) product. The product is designed for Web3 natives, centralized crypto exchanges, startups, and traditional businesses to expand their products with decentralized solutions and seamlessly onboard their users onto Web3. By reducing the development time of dApps, WaaS enables companies to easily launch secure, user-focused applications.
WaaS offers companies a suite of crypto APIs, including Data and Transaction APIs, Node Discovery API, and Transfer API to facilitate swaps and on/off-ramping. These APIs integrate over 40 blockchains including EVM chains, Cosmos, Bitcoin, and more. These features enable companies to enjoy the best of two worlds: the adaptability of Web3 and the operational efficiency of traditional platforms.
Moreso, Trust Wallet allows the storage of over 600 million NFTs across different blockchain networks. Thus, it is an efficient platform for businesses that leverage NFTs to boost their brand, expand their customer base, and build thriving crypto communities – especially since the wallet also provides a secure gateway to prominent NFT marketplaces like OpenSea, Rarible, and Axie.
However, Trust Wallet's support for a plethora of digital assets presents a significant challenge, especially for crypto-naive businesses. Such businesses may not be able to discern between legit and fake assets. Also, there are serious concerns about the wallet's security as it lacks basic security features like two-factor authentication.
3. MetaMask
MetaMask boasts over 30 million monthly active users and is one of the most popular non-custodial wallets. It is a simple and secure way for businesses to enter the crypto market, especially through functionalities like its fiat-to-crypto tool. Available in about 200 countries, the feature allows businesses to purchase crypto using payment options like Apple Pay, PayPal, debit and credit cards, wire transfers, and ACH bank transactions.
Like Trust Wallet, MetaMask also has a dedicated product for businesses called MetaMask Institutional (MMI). It is an institutional-complaint version of MetaMask that offers a seamless and unprecedented Web3 access for funds, Web3 builders, and all organizations. It simplifies capital deployment into Web3 applications, provides the necessary institutional security, and enhances operational efficiency.
With MMI, businesses can interact with more than 17,000 Web3 protocols and applications allowing them to transfer, invest, stake, lend, borrow, provide liquidity, and bridge assets across EVM-compatible chains. Also, businesses can integrate their chosen custodial or non-custodial provider – like BitGo, Fireblocks, Safe, and Cobo – to help manage key storage, enable multi-signature transaction approvals, and optimize transaction flows.
In addition to robust Web3 institutional controls and portfolio management, MMI also provides digital asset monitoring and transaction reporting. These tools allow the comprehensive monitoring of assets and simplify transition reporting to fund administrators, liquidity providers, and other stakeholders. MetaMask Institutional API also provides access to precise on-chain data across Ethereum and Solana. However, focusing only Ethereum – and Solana, for on-chain data – is a significant drawback for businesses who deal with assets on non-EVM chains.
4. Ledger Wallet
Ledger Wallet stands out from other wallets as a cold, hardware wallet. It stores the owner’s private keys in a secure, offline environment, giving the user total control and safe control over their assets. The wallet offers access to dApps and supports over 5,500 assets including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Tron (TRX), and others. Its connected desktop and mobile apps allow the individuals and businesses to buy, stake, and swap cryptocurrencies.
Aside from these basic features, Ledger Enterprise by Ledger is a bespoke non-custodial solution for businesses. It is a one-stop shop for brands, exchanges, and custodians to build, scale, and secure their Web3 strategy. It provides tools, tech and education for brands to confidently enter the Web3 space, while exchanges can increase their revenue, build new offers, and scale their swapping and staking transactions. Custodians can scale and secure their assets with governance, treasury management, and self-custody.
Supporting 15 blockchains, Ledger Enterprise offers treasury management, DeFi protocols, NFTs, staking, and access to 500+ dApps. It combines hardware, software, and firmware offering a unique software-as-a-service and end-to-end security architecture. Part of this security architecture is a two-layer protection which has increased the wallet's security reputation. All these come with a user-friendly interface that makes it easy to onboard businesses.
However, Ledger devices like the Nano S are limited by storage. They hold only up to six applications, thus restricting the use of crypto assets. Businesses seeking to maximize their assets and functionality would have to invest in higher-end Ledger devices like Nano X, which supports 100 applications. Another significant drawback for Ledger wallets is that they cannot be shared among multiple users, making them unsuitable for facilitating payments in a business setting. Instead, they are primarily used for treasury purposes and secure assets storage.
5. Coinbase Wallet
This non-custodial solution developed by Coinbase is one of the most trusted non-custodial wallets. It offers businesses an easy and secure way to manage their digital assets. It supports thousands of digital assets, including NFTs and offers companies the opportunities to purchase, swap, and stake their assets.
Through Coinbase Onramp, the wallet provides an easy and intuitive interface for buying cryptocurrencies with fiat. The feature provides businesses with 100+ cryptocurrencies and 60+ fiat currencies with a single integration. Recently, Coinbase added Apple Pay to this Onramp service, making it even more convenient as businesses get to enjoy no fees on USDC and access to a wider range of fiat currencies.
As mentioned earlier, Coinbase Wallet is one of the safest wallets in the crypto space even though it is a product of a centralized exchange. Features of its security architecture include two-factor authentication, multiple signatures, security locks, biometric logins, PINs, permission management, confirmation requests, and Ledger integration.
Despite its security and reliability, Coinbase Wallet may fall short for businesses that require niche token support or custom tools. Also, the wallet’s strict vetting policy means that businesses have access to a limited number of cryptocurrencies and dApps, compared to other wallets. Coinbase Wallet also has a tendency for accumulating transaction fees, especially for smaller transactions.
Summary
Non-custodial wallets provide the requisite security, control, and flexibility for businesses to easily integrate crypto into their financial strategies. The aforementioned wallets stand out as some of the best solutions for businesses.
A wallet like NOW Wallet features secure multi-chain asset management, instant deposits, fiat integrations, and custom solutions for asset issuers, crypto exchanges, influencers, and so on. The wallet makes it easy for businesses to thrive in the crypto economy. Its user-friendly design, enterprise-grade tools, and support for a diverse mix of tokens and blockchains make it a clear choice for businesses aiming to streamline their crypto operations.
NOW Wallet and other reviewed non-custodial wallets empower businesses to navigate the crypto economy, while delivering efficient decentralized platforms for secure storage, fast transactions, and scalability.
