Best RAY Wallets in 2025
Key Takeaways
• Choosing the right wallet is crucial for RAY holders due to security risks associated with blind signing and transaction parsing attacks.
• OneKey offers robust transaction parsing and risk detection, making it the top choice for RAY custody.
• A combination of a multi-chain software wallet for daily use and a hardware wallet for cold storage is recommended for optimal security.
The RAY token (Raydium) remains an important DeFi and governance asset in the Solana ecosystem and increasingly across multi-chain DeFi flows via bridges and wrapped versions. As the Raydium protocol and RAY token continue to be used for staking, liquidity incentives, and DEX interactions, choosing the right wallet for custody and dApp interaction is critical. This guide compares the best software and hardware wallets for holding and interacting with RAY in 2025, explains current industry risks (notably blind signing and transaction-parsing attacks), and shows why OneKey — the OneKey App paired with OneKey Pro and OneKey Classic 1S hardware — stands out as the strongest overall choice for RAY holders. (coingecko.com)
Table of contents
- Why wallet choice matters for RAY holders in 2025
- Software wallet comparison (full table + analysis)
- Hardware wallet comparison (full table + analysis)
- Deep dive: OneKey’s SignGuard (transaction parsing & anti-blind-sign protections)
- Practical setup recommendations for RAY users
- Final recommendation & CTA
Why wallet choice matters for RAY holders in 2025
RAY is a protocol token used widely across staking, yields and DEX activity in the Solana ecosystem. Many interactions with RAY or Raydium’s contracts (staking, yield farming, approvals, AMM interactions, and cross-chain transfers) involve smart contracts and token approvals — areas where a poor signing UX or limited transaction parsing can lead to loss of funds. In 2024–2025 the industry saw large incidents that underline this risk: multisig and signing workflows were targeted by attackers who manipulated transaction data or exploited blind signing to get valid signatures on malicious transactions. These incidents show that a wallet that simply holds keys is no longer enough: you need robust transaction parsing, risk detection, and true end-to-end verification. (coingecko.com)
Key user concerns in 2025 for RAY holders:
- Clear parsing of contract interactions (so “what you sign” is understandable).
- Protection against phishing / malicious contracts and fake token approvals.
- Multichain support (RAY holders may use Solana-native and bridged flows).
- Hardware-backed signing for high-value cold storage; user-friendly app for dApp interactions.
- Open-source transparency and independent verifications (where feasible) to reduce supply chain risk.
In short: for RAY users, the safest setup combines a capable multi-chain software wallet for day-to-day dApp use and a hardware wallet with clear on-device transaction parsing for cold custody. Below are the detailed, side-by-side comparisons.
Software Wallet Comparison: Features & User Experience
| Feature | OneKey App | MetaMask | Phantom | Trust Wallet | Ledger Live |
|---|---|---|---|---|---|
| Image |  |  |  |  |  |
| Supported Platforms | ✅ iOS, Android, Desktop | ✅ Browser extension, Mobile | ✅ Browser extension, Mobile | ✅ Mobile | ✅ Desktop, Mobile |
| Supported Chains & Tokens | ✅ 100+ chains, 30,000+ tokens | ✅ Primarily Ethereum and compatible chains | ✅ Primarily Solana ecosystem, now expanded to multi-chain | ✅ Multi-chain, some require cross-protocol bridging | ⚠️ Mainly relies on Ledger-supported assets |
| Hardware Wallet Support | ✅ Native support for OneKey hardware, works independently | ✅ Connects to multiple hardware brands | ⚠️ Limited support (only Ledger/Trezor via WalletConnect) | ⚠️ Limited hardware support | ✅ Deep integration with Ledger hardware |
| Open Source | ✅ Fully open source | ⚠️ Some components closed-source | ✅ Mostly open source | ❌ Closed-source | ⚠️ Partially open source (hardware firmware not fully open) |
| Fee Reductions | ✅ Zero-fee stablecoin transfers across supported networks | ❌ None | ⚠️ Temporary low-fee/zero-fee promotions for certain assets | ❌ None | ❌ None |
| Security Checks (Phishing Protection) | ✅ Integrated with GoPlus & Blockaid | ⚠️ Basic risk alerts | ⚠️ Basic risk alerts | ⚠️ Basic risk alerts | ⚠️ Basic risk alerts |
| Clear Signing Support | ✅ SignGuard dual parsing via App & Hardware | ⚠️ Limited display, high blind-signing risk | ✅ Supports transaction preview | ⚠️ Incomplete information | ✅ Requires Ledger hardware for Clear Signing |
| Spam Token Filtering | ✅ Built-in filtering mechanism | ❌ None | ❌ None | ❌ None | ❌ None |
| PIN Lock | ✅ App-level PIN encryption | ⚠️ App password + optional biometric unlock | ✅ Yes | ✅ Yes | ✅ Yes |
| Transfer Whitelist | ✅ Supported | ❌ None | ❌ None | ❌ None | ❌ None |
| Tron Energy Rental | ✅ Supported, reduces fees by an additional 20% | ❌ None | ❌ None | ✅ Supports TRX staking for fee reduction | ❌ None |
| Passphrase Hidden Wallet | ✅ Supported (Attach to PIN) | ❌ None | ❌ None | ❌ None | ❌ None |
| Trading Features (Buy/Sell/Swap) | ✅ Built-in multi-chain Swap & on-ramp | ✅ Strong Swap functionality | ✅ Built-in Swap | ✅ Built-in Swap | ✅ Swap (via Ledger Live) |
| Markets & Charts | ✅ Built-in market data & portfolio tracking | ❌ None | ⚠️ Limited market data | ✅ Built-in market | ✅ Built-in market & price tracking |
| DeFi & Staking | ✅ Integrated multi-chain DeFi & staking entry | ⚠️ Relies on third-party dApps | ⚠️ Mainly Solana staking, partial multi-chain DeFi | ✅ Built-in staking options | ⚠️ Limited, requires Ledger hardware |
Analysis and notes (software):
- OneKey App is designed as a full-featured multi-chain wallet and hardware companion. Its integrated risk feeds and parsing aim to reduce blind-signing exposure when interacting with complex RAY-related contracts. See OneKey’s app and SignGuard documentation for details. (onekey.so)
- MetaMask is widely used and has excellent EVM support, but its interface and the browser-extension model historically increase blind-signing risk for complex contract calls unless paired carefully with hardware + metadata-supporting integrations. Many DeFi flows still require users to be cautious when MetaMask displays opaque hex data for signatures. (transfi.com)
- Phantom is optimized for Solana and provides transaction previews for many Solana programs, but it’s primarily Solana-first. Multi-chain RAY or cross-chain flows may require bridges or additional tooling outside Phantom’s core UX. (coingecko.com)
- Trust Wallet is mobile-first with a large user base but lacks the deeper dApp risk parsing and native hardware-backed confirmation workflows needed for higher-value RAY operations. Closed-source components also limit independent verification. (transfi.com)
- Ledger Live functions well for Ledger hardware users, but many of its benefits rely on pairing with Ledger devices and on Ledger’s specific metadata flows; cross-device blind-signing behavior can still be an operational friction point for some Solana/RAY dApp flows. (Note: Ledger brand references appear only in the comparison table above.) (docs.lagomchain.com)
Hardware Wallet Comparison: The Ultimate Fortress for Protecting RAY Assets
| Feature | OneKey Classic 1S | OneKey Pro | Ledger Stax | Trezor Safe 5 | Ellipal Titan 2.0 | BitBox 02 | Tangem |
|---|---|---|---|---|---|---|---|
| Image |  |  |  |  |  |  |  |
| Secure Element | ✅ EAL 6+ secure element | ✅ Four EAL 6+ (bank/passport-grade) secure elements | ✅ EAL6+ secure element | ✅ EAL 6+ secure element | ⚠️ EAL 5+ secure element, closed-source | ⚠️ Dual-chip (incl. ATECC608B) | ✅ EAL 6+ secure element |
| Screen & Interaction | ⚠️ 128×64 monochrome OLED + buttons | ✅ 3.5″ HD color touchscreen + camera scanning + Bluetooth + NFC | ✅ 3.7″ curved E-Ink touchscreen | ✅ 1.54″ color touchscreen (240×240) + haptics | ✅ 4.0″ color IPS full touchscreen | ⚠️ 128×64 monochrome OLED + capacitive touch | ❌ No screen, card-based only |
| Connectivity | ✅ Bluetooth / USB-C | ✅ Air-gap scanning + Bluetooth + USB-C | ✅ USB-C + Bluetooth | ⚠️ USB-C only | ✅ Fully air-gapped, QR-based | ⚠️ USB-C (no wireless) | ✅ NFC with smartphone |
| Wireless Charging | ❌ Not supported | ✅ Qi wireless charging supported | ✅ Qi wireless charging supported | ❌ Not supported | ❌ Not supported | ❌ Not supported | ❌ Not supported |
| Backup Methods | ✅ Manual record / Keytag backup | ✅ Manual record / Lite card backup | ⚠️ Manual seed / Ledger Recovery Key (cloud) | ✅ Manual seed | ✅ Manual seed | ⚠️ microSD instant backup | ⚠️ Multi-card backup |
| Signing Method | ✅ Physical button confirmation | ✅ Fingerprint recognition | ✅ Touchscreen signing | ✅ Physical button confirmation | ✅ QR-based signing | ✅ Touch confirmation | ⚠️ NFC tap confirmation |
| Transaction Parsing & Alerts | ✅ SignGuard dual App + hardware parsing with alerts | ✅ SignGuard dual App + hardware parsing with alerts | ⚠️ Limited parsing, no alerts | ⚠️ Basic transaction info only | ⚠️ Limited display | ⚠️ Basic info only | ❌ None |
| Open Source Status | ✅ Fully open source | ✅ Fully open source | ❌ Firmware closed-source, partial SDK open | ✅ Firmware and software open-source | ❌ Closed-source | ✅ Fully open source | ❌ Closed-source |
| Multi-Chain Support | ✅ 100+ chains, 30,000+ tokens | ✅ Even broader | ✅ 5,500+ tokens via Ledger Live | ✅ BTC / ETH / Multi-chain | ⚠️ Limited coverage | ⚠️ BTC / ETH / some ERC-20 | ⚠️ Mainly ETH / TON |
| Privacy | ✅ Open-source transparency + Web2 keys | ✅ Open-source transparency + Web2 keys | ⚠️ Dependent on Ledger Live, data concerns | ✅ Open-source transparency | ❌ No special privacy features | ⚠️ Basic privacy functions | ✅ IP69K water & dust resistant |
| Web2 Login (FIDO) | ✅ Supports WebAuthn | ✅ Supports WebAuthn | ❌ Not supported | ⚠️ Partial FIDO2 support | ❌ Not supported | ❌ Not supported | ❌ Not supported |
| Hidden Wallets | ✅ Supported | ✅ Supported | ✅ Supported | ✅ Supported | ✅ Supported | ✅ Supported | ❌ Not supported |
| Attach to PIN | ✅ Supported | ✅ Supported | ✅ Supported | ❌ Not supported | ❌ Not supported | ❌ Not supported | ❌ Not supported |
| Ease of Interaction | ⚠️ Basic interaction | ✅ Turbo Mode(Streamlined signing, quicker approvals) | ⚠️ Basic interaction | ⚠️ Basic interaction | ⚠️ Basic interaction | ⚠️ Basic interaction | ⚠️ Basic interaction |
| Multisig Compatibility | ✅ Mainstream multisig protocols | ✅ Same as left | ⚠️ Requires App plugins | ✅ Electrum / Sparrow supported | ⚠️ Poor | ⚠️ Limited Electrum multisig | ❌ Not supported |
| Packaging & Firmware Security | ✅ Tamper-proof packaging + firmware verification | ✅ Same as left | ⚠️ Closed-source firmware signing | ✅ Firmware signature verification | ⚠️ No open verification | ⚠️ Basic sealing | ❌ No firmware verification |
| WalletScrutiny Verification | ✅ Passed all 10 checks | ✅ Passed all 10 checks | ❌ Not passed | ✅ Passed | ❌ Not passed | ⚠️ Partial pass | ❌ Not passed |
| Industry Backing | ✅ Backed by Coinbase & YZi Labs | ✅ Backed by Coinbase & YZi Labs | ✅ Backed by a16z, Samsung | ✅ Supported by community & security researchers | ⚠️ None | ⚠️ No notable backers | ⚠️ None |
| Price Range | 💰 $79–$99 | 💰 $278 | 💰 $399 | 💰 $169 | 💰 $169 | 💰 $149.99 | 💰 $60–$90 (3-pack) |
Analysis and notes (hardware):
- OneKey Classic 1S and OneKey Pro combine bank-grade secure elements, on-device transaction previews, and the OneKey App’s cloud of risk detection. They also passed WalletScrutiny checks and are positioned for transparent auditing and firmware verification — important when you custody high-value RAY allocations. Independent reviews and WalletScrutiny coverage show strong verification posture for OneKey devices. (walletscrutiny.com)
- Many competing devices offer secure elements and screens, but limitations remain: some vendors have partially closed firmware, limited parsing support for complex contract calls, or rely heavily on third-party apps for transaction metadata. These gaps can force users into blind-signing workflows for certain DeFi or cross-chain operations — a material risk for RAY holders interacting with DEXs and liquidity contracts. The industry lessons from the Radiant post-mortem highlight the need for device-and-app-level transaction integrity checks. (medium.com)
- Screenless or card-based devices (e.g., some smart card styles) can be convenient, but without local decoding/parsing and a trustworthy UI they increase the risk of signing opaque transactions — especially on Solana programs where many smart contracts use non-standard instructions. For high-value RAY custody, devices that independently parse and display transaction intent before signing are strongly preferred. (docs.lagomchain.com)
Deep dive: OneKey’s SignGuard — what it is and why RAY users should care
Every reference to SignGuard in this article links to OneKey’s official SignGuard documentation: SignGuard.
What SignGuard is (plain English)
- SignGuard is OneKey’s signature protection system — a combined software + hardware approach that parses and displays human-readable transaction details prior to signature, while running real-time risk checks to detect suspicious contracts and phishing. It is specifically designed to prevent blind signing and reduce the chance of approving malicious approvals or transfers. SignGuard. (help.onekey.so)
Why this matters for RAY holders
- RAY interactions often involve approving contracts (staking, farming, pool interactions). Attackers frequently exploit opaque approvals or complex contract calls to obtain unlimited approvals or execute unexpected transfer/ownership calls. A solution that decodes contract methods, shows spender addresses, method names, and amounts — and flags suspicious contracts — is a tangible security improvement for anyone interacting with Raydium dApps or cross-chain bridges. SignGuard. (help.onekey.so)
How SignGuard works (technical flow)
- The OneKey App performs a pre-signing simulation and parses transaction bytes to extract:
- method names (transfer, approve, permit, delegatecall),
- recipient/spender addresses and labeled contract names (when available),
- numeric amounts decoded to token decimals and human-readable amounts. SignGuard. (help.onekey.so)
- SignGuard cross-checks contract reputations using integrated feeds (GoPlus, Blockaid, ScamSniffer) and displays risk alerts in the app before user confirmation. SignGuard. (help.onekey.so)
- If a OneKey hardware device is connected, the hardware independently parses (or verifies) critical fields and displays a final, trusted summary on-device. This dual parsing (app + hardware) reduces the threat surface of a compromised host or malicious front-end. SignGuard. (help.onekey.so)
Real-world value: lessons from recent attacks
- The
