Top 5 Ethereum Layer 2 Wallets: Hand Picked!

2022-10-03 07:05

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When the Ethereum network gets busy, it can become too expensive for regular people: paying $20 to send $50 is no fun.

Luckily, there are many cheaper and faster alternatives to Ethereum. Some of these networks work as scaling solutions for Ethereum. Others are new blockchains with different setups. But you don’t need to be an expert in blockchain to use them.

In this video, we list the best Wallets that support both Layer 1 and Layer 2 networks to enjoy cheaper and faster transactions.

Layer 1 refers to the Ethereum blockchain itself, and Layer 2 is a network or technology that operates on top of Ethereum to improve its scalability and efficiency. How are these new generations going to help us with web3? To get the best experience of Layer 2, we need a good wallet as the entry key to safely interact with those blockchains. Today we want to offer you a list of best-in-class wallets for Layer 2. A tool that everyone needs.

Ok, Here is our first wallet, Number 1, imToken

imToken holds the same vision of enabling everyone to have free and equal access to their digital life through blockchain as Layer 2. That’s why it has been deeply committed to the Layer 2 ecosystem. Since the beginning of 2021, new Layer 2 functions have been available in the wallet with multiple leading DApps using different Layer 2 solutions.

To enable your zkSync wallet, open imToken and click “My Profile” at the right bottom corner, and click “Explore” and enable it.

Users can get access to leading Layer 2 Bridge DApps in imToken. If you are a frequent user of different Layer 2 networks, you can use those DApps, including cBridge, Multichain, and Hop Protocol by searching them on the “Browser” page. In this way, you can effortlessly move your assets among those networks.

imToken is available on both iOS and Android. Arbitrum One, Arbitrum Nova, zkSync, and Optimism, all are supported when you are using this wallet. The app is very easy to use and has a great UI design. Simple and user-friendly.

If you are trading on Layer 2 or if you want to have access to your Layer 2 assets on the go, it’s time to give a shot to imToken. You won't regret it.

Number 2: Zerion Wallet

We already did a full review on Zerion wallet and if you are interested in deep dive into all details make sure to watch that video as well.

https://youtu.be/2uB7gLukDbs

Zerion Wallet is a non-custodial cryptocurrency wallet that secures open source technologies and lets you stay in control of your private keys and seed phrase.

You can send assets from any crypto exchange or a crypto wallet app. To transfer crypto from an exchange, click withdraw in your exchange or ‘send’ in your wallet app and enter the address of your Zerion crypto wallet.
Zerion Wallet offers a built-in DeFi portfolio tracker, which automatically finds and tracks all your DeFi positions, debts, and rewards.

As more and more Layer2 projects appear, the benefits of L2 are clear to everyone especially for transaction costs Zerion gives full support to the main L2 chain including optimism and arbitrum

In Zerion Wallet, all Layer 2 networks are already set up and ready to use without any additional settings.

Number 3 is SafePal

What is SafePal Wallet?

SafePal is a cryptocurrency wallet Founded in 2018 that is known as the first hardware wallet portfolio of Binance. SafePal is now serving more than 6 million users across the globe.

SafePal provides hardware wallet, software wallet, and browser extension wallet product lines, all paired and managed through the SafePal App, where users can easily store, manage, swap, trade, and grow their crypto wealth. SafePal has not only supported 14 languages, 48 blockchains, 100,000+ tokens, and NFT support, but has also integrated with Binance DEX, Binance Spot Trading, and many more dApps.

Besides that, SafePal fully supports Layer 2 chains such as Optimism and Arbitrum on mobile, hardware, and extension wallets.

If you like to have access to Binance and Layer 2 solutions right in one app then SafePal works as it should be.

It’s time for number 4 in our list: Trust Wallet

This list couldn’t be a complete reference without mentioning Trust wallet. With more than 25+ Million users, supporting 65 blockchains, and all the assets in one App.

When it’s come to Layer 2, Arbitrum, Optimism, and Polygon are fully integrated into the Trust wallet. No more storing your assets across multiple custody wallets or exchanges! You’ll have peace of mind knowing all your assets are in one safe place.

Inside Trust Wallet, you have access to stake your assets as well which are not offered by any of the other wallets we mentioned before.

Trust Wallet Integrated interface that is fully optimized for mobile so you can enjoy the content designed specifically for your device.

last not least, I want to mention they do have another great tool called Trust dApps Marketplace, and you may have access to some sort of shopping like IKEA, Steam, PlayStation Store, and even more through Bitrefill.com to pay for your order by crypto.

It’s so convenient.

And finally, number 5 will be Argent, Buy, earn, stake, and trade on Ethereum Layer 2 with low fees & bulletproof security. This is what they mentioned on their website and it’s true but it’s only available on mainnet and zkSync at the moment.

In a bid to make it easier for retail users to interact with the rapidly developing DeFi ecosystem, Argent wallet has unveiled a layer 2 crypto wallet that is based on zkSync, a zero-knowledge proof-based solution geared toward scaling the Ethereum network. The magic of crypto, DeFi, and NFTs is available to anyone with a phone.

Onboarding directly to Layer 2. Argent massively reduces the cost of onboarding to crypto by letting you onboard straight to L2, without a single L1 transaction.

Argent offers Transferring crypto from any exchange or L1 wallet directly to your L2 wallet.
Until exchanges support zkSync and other Layer 2, this transition is seamless with a bridge to get your funds straight to L2 with a simple transfer. Of course, you need to pay a gas fee.

Remember Argent is a Self-custody and censorship resistance wallet without a seed phrase.

Alright, Here is a quick summary of our list:

Number 1, imToken, a Military-grade wallet.

Number 2, Zerion Wallet, a Smart Web3 Wallet.

Number 3, SafePal with a wide range of supported tokens.

Number 4, Trust wallet with 65+ Blockchain support.

Number 5, Argent a Self-custody and censorship resistance wallet.

These are our TOP 5 Layer 2 Wallets.

Stay tuned for the next one, My name is Mo and this is UnboxBlock.

★ Buy your Ledger Wallet (Affiliated)
https://shop.ledger.com/?r=0491b2002d85

★ Buy your imKey Wallet (Affiliated + Get 5% off)
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★ imToken
Website: https://token.im
iOS: https://apps.apple.com/us/app/imtoken-btc-eth-wallet/id1384798940
Android: https://play.google.com/store/apps/details?id=im.token.app&hl=en&gl=US