The Best Wallet crypto wallet only launched publicly in August 2024, but it has gained a lot of public interest since its launch. In particular, it has proven popular for its integration with presale tokens. Two months after its launch, Best Wallet pushed forward with a presale of its own, offering investors the chance to invest in the $BEST token.
Buoyed by the wallet’s popularity and the subsequent level of exposure of the upcoming token, $BEST has now raised $15m during its presale, and with nearly five months of presale left, it could head much higher.
Crypto Wallets
The best crypto wallets 2025 has to offer are giving users more than just a place to store crypto keys. Wallets like Best Wallet enable integration with DeFi apps, portfolio tracking, direct trading, and more. According to cryptocurrency expert Suez Halder, security is still key to choosing a crypto wallet, as well as compatibility and advanced features.
The Crypto Wallet Market
The crypto wallet market is worth an estimated $13bn a year. That assumes around 7% of people, globally, hold cryptocurrencies and includes the fact that many holders still only hold their portfolios on exchanges.
The market is dominated by physical wallet makers like Trezor, exchange wallets like Coinbase, and existing hot wallets like Metamask. Best Wallet, however, has gained a lot of traction.
Hot wallets typically make money through staking and affiliate, and advertising fees. They can also make money through the offering and use of their own tokens, as is the plan with Best Wallet.
Best Wallet
Best Wallet is a multi-chain software wallet that supports more than 1,000 coins on over 60 different networks. It has on-ramp facilities, which effectively means users can buy crypto using fiat through their wallet.
The mobile app offers two-factor authentication and biometric protection, and it also has a decentralized exchange so that traders can swap between supported currencies without having to leave their wallet.
Best Wallet is offered as an app and is considered a hot wallet, which means that it connects to the Internet to offer instant transfers and trades. There are no plans to offer a cold wallet, but there are plans to provide browser extension versions of the wallet, which may see uptake increase further.
The $BEST Token
Users can continue enjoying the features of Best Wallet using their existing crypto coins. But once $BEST launches, users will be afforded certain benefits when using the new token. These benefits will include reduced transaction fees, improved rewards for staking, and early access to some presale launches. There are plans to launch a crypto debit card, too, and users may receive reduced card transaction fees if they are paid using the native token.
A crypto debit card could prove popular. Crypto cards do exist, enabling users to spend cryptocurrency in stores and online, as though it were fiat currency. Metamask, a competing wallet, even offers its own crypto card, and so too does Coinbase, which is looking to further expand its product offering. While this means the card isn’t unique, it does show that there is a desire for this type of product.
Token holders will also get governance rights, which means they will be invited to vote on new feature launches and other decisions related to the Best Wallet.
Presale Expectations And Details
The wallet boasts more than 500,000 users globally, with many of them likely interested in cut-price fees and improved staking benefits. As such, analysts expected the presale to do well, but it has likely surpassed most expectations at this point.
Price
The token presale, which was offered to wallet users two weeks before going on general sale, was launched in November 2024. It launched at a price of $0.0225. At the time of writing, the $BEST presale has raised $14.96m and currently costs $0.025495, or 13.3% above its launch price – another price increase is imminent, and these will continue until the token leaves presale and enters the generation phase.
The $BEST presale has been given an initial deadline of December 31, 2025, but it may end early if all assigned tokens have been sold sooner.
Tokenomics
There will be a total supply of 10 billion tokens, and according to the project’s tokenomics, those tokens are being assigned as follows:
- 35% for marketing
- 25% for product development
- 10% for airdrops
- 10% for exchange liquidity
- 8% for staking rewards
- 7% for community rewards
- 5% for treasury
Staking
When it comes to staking rewards, presale investors are offered the opportunity to benefit. The project promises rewards of up to 90% APY, which has likely also helped encourage early investors.
Roadmap
The project is currently in its second phase of four roadmap phases. The final features of phase 2 include completing support for 60+ blockchain networks and offering advanced anti-fraud security.
During the next phase, Best Wallet intends to add an address book and launch the crypto debit card. Users will also be given a browser extension – the wallet is currently a mobile wallet. An NFT gallery will further expand the way the wallet is used.
The final stage, phase 4, of the roadmap will offer more advanced trading features like limit orders, stop-loss orders, and dollar cost averaging.
Limited Token Utility
The presale is undoubtedly going well, and it continues to prove popular, more than likely with existing users of the non-custodial wallet. However, it does face certain challenges. The token itself will likely only find limited use.
It will be used for various activities in and around the wallet’s ecosystem, but beyond that, it is difficult to see additional uses. Its utility is limited, and this can restrict some projects.
Lots Of Competition
It’s also worth noting that while Best Wallet is proving a popular wallet, thanks to its decent range of features, it is one of a growing number of products on the market – a market that already includes the likes of Trust Wallet and Metamask, while wallets like Coinbase wallet will likely continue to enjoy popularity with first-time and novice investors because it offers the most accessible on-road to cryptocurrency investment.
Potential Profits
It seems increasingly likely that the presale will end before the initial December 31 deadline. For now, investors still have the opportunity to invest and enjoy potentially decent returns.
The fact that the presale has already amassed $15m in investment suggests it has some room for profit, although a lot of this investment may be speculative, meaning that holders will sell as soon as the token hits the market, causing an initial price correction before any further gains are seen.
Conclusion
The $BEST presale has amassed $15m in investment, offering potential to speculators, investors, and users of the Best Wallet app. Wallet users could benefit from reduced transaction fees as well as governance over the wallet’s future, while investors will be hoping to get on board a new project before it enjoys a major listing and the associated price increase that ensues.