Looking for Secure Storage for Your Meme Coins? Check Out These 5 Non-Custodial Multichain Wallets

With Bitcoin hitting its all-time high, crypto users are looking for the next coin to buy so that they can profit from the bull run. The usual picks are low-capped, highly volatile, and highly hyped tokens. And one set of tokens fits this description: meme coins. 

Meme coins are always on the watchlist of the average crypto trader or investor. And why wouldn't they be? Their records speak for them. Many have earned thousands to millions of dollars by investing even as low as $1 in a meme coin. For instance, in 2021, Dogecoin (DOGE) posted a 15,000% gain within five months, while Shiba Inu (SHIB) had an astronomical rise of 43,000,000% in the same year. This means that a $1 investment in DOGE and SHIB during this period yielded a profit of $15,000 and $43,000,000 respectively. Even last year, other meme coins like Pepe (PEPE) and Floki Inu (FLOKI) printed over 5000% and 1000% respectively. 

This is why it is expected that crypto investors will flock to meme coins in this bull cycle. Currently, the total market cap of meme coins exceeds $117 billion. As the meme coin ecosystem experiences an influx of investors, these investors will require a secure wallet that grants them autonomy over their investments. The wallet should safely store, manage, and maximize high-risk, high-reward assets like meme coins. 

The need for such a wallet has led to the development and consequent demand for self-custodial, multichain wallets that offer autonomy, flexibility and cross-chain compatibility. This article provides an overview of five of these wallets. It explores their strengths and what makes them a go-to solution for meme coin enthusiasts

1. NOW Wallet

NOW Wallet offers non-custodial storage, multichain support, and seamless cross-chain swaps to its users. It was built to simplify crypto transactions, even for meme coins and privacy coins like Monero (XRM).

A part of ChangeNOW’s ecosystem, NOW Wallet supports 70 blockchains and 1,500 tokens, including meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Floki Inu (FLOKI), and Bonk (BONK). Since meme coins are spread across different blockchains, NOW Wallet's multichain compatibility makes it perfect for managing and exchanging these assets – all within a single interface – while taking advantage of massive price surges. 

The wallet is available for both mobile (iOS/Android) and desktop (macOS, Windows, Linux) devices. It also provides the flexibility for users to receive and transfer NFTs – while buying and selling them via WalletConnect – add custom tokens that run on supported EVM-compatible blockchains and the Tron network, and even convert over 60 fiat currencies to crypto using methods like Mastercard, Visa, Apple Pay, Google Pay, or bank transfers.  

In addition to these, NOW Wallet offers 24/7 live support chat, advanced features such as staking and WalletConnect integration for accessing dApps, as well as Pro benefits like cashback on each transaction, AML address checks, unlimited crypto loans, and private domains for receiving crypto payments.

2. MetaMask

MetaMask is a popular non-custodial wallet, with over 30 million monthly active users. Users can access the wallet through a browser extension on their desktop or through the mobile app on their phones. Both browser extension and mobile app enable seamless interaction with dApps and decentralized exchanges (DEXs). 

MetaMask primarily supports Ethereum and Ethereum-compatible networks such as Binance Smart Chain (BSC), Polygon, and Arbitrum. But the downside to this is that it does not support non-EVM chains. This means that users dealing with meme coins on these chains will be handicapped when they need to transact these coins through MetaMask.

3. Coinbase Wallet

Just like NOW Wallet stands on the reputation of ChangeNOW, Coinbase Wallet rides on Coinbase's popularity. Though Coinbase Wallet is a different entity from Coinbase, it shares some of the latter's security features such as biometric logins and PINs. 

It supports thousands of digital assets, including NFTs and offers features such as purchases, swaps, and staking through which these assets can be transacted. Users can conduct these transactions via the wallet’s mobile app or its browser extension. Even though it is a hot wallet, it can convert to cold storage devices like Ledger.   

These features make Coinbase Wallet a go-to. However, it has some drawbacks. For instance, unlike Metamask and NOW Wallet respectively, Coinbase’s software is not fully open source and does not allow users to choose transaction fee rates. It also has a limited number of supported assets, even though some have argued that the reason for this is its strict token vetting process.  

4. Exodus Wallet

Known for its beautiful interface and ease of use, Exodus Wallet supports multiple blockchain networks, including popular meme coins. It also includes a built-in exchange feature for quick swaps. Users can also earn passive income through its staking platform. 

However, it is not open-sourced, nor does it support multi-signature transaction approvals and two-factor authentication. Furthermore, it doesn't support as many tokens as other wallets. 

5. Rabby Wallet

Developed by DeBank, Rabby Wallet is ideal for DeFi users. It provides a seamless multi-chain experience by automatically selecting a chain for dApp instead of the user choosing manually. Its unique features include transaction previews, risk scanning, and security alerts. These features allow users to avoid errors and malicious contracts by previewing transactions before they are finalized.   

The wallet supports over 10,000 crypto assets, including meme coins, on Ethereum and over 140 EVM-compatible chains and testnets. 

A downside to Rabby Wallet is that, compared to other wallets, it has a smaller ecosystem and community, which may discourage users. 

Summary

Bull runs always rub off on meme coins. When this happens, there is always a need for users to choose a reliable non-custodial multi-chain wallet to secure and maximize their holdings. Top wallets that fall in this category include NOW Wallet, MetaMask, Coinbase Wallet, Exodus, and Rabby Wallet.

Each offers its unique strengths and can serve as a good option for crypto users, including meme coin enthusiasts. To select the best choice from these wallets, users need to go for one that offers unparalleled multichain compatibility, robust investment features, and seamless, user-focused design that will enable them to navigate the volatile, yet exciting market.