Unlike traditional wallets, cryptocurrency wallets do not hold physical currency but rather store the digital keys that allow you to access and control your cryptocurrency holdings. These keys are used to sign transactions on the blockchain network, which is a decentralized ledger that records all transactions on the network.
There are different types of DeFi wallets, such as software wallets, hardware wallets, and web-based wallets, each with their own advantages and disadvantages. For example, software wallets are convenient and easy to use but are more vulnerable to hacks and security breaches. On the other hand, hardware wallets offer better security but may be less convenient to use.
It's important to note that when using a DeFi wallet, you are solely responsible for the security of your assets. You should always keep your private keys secure and not share them with anyone.
Metamask may be the most well known wallet for managing Defi assets. It has a mobile app and a chrome extension. Metamask makes it easy to manage your Evmos and other ETH and EVM assets in one place.
Keplr Wallet is the preferred wallet in Cosmos. It can easily handle all of your Cosmos assets in one easy to use place. There is a mobile app and a Chrome extension. Be aware that the mobile app may not support all chains and features.
At this time Keplr wallet does not support managing ERC20 assets.
Leap Wallet supports Cosmos assets on PC and mobile. It is a UI and user experience first wallet, giving users the ability to manage all their funds easily.