Balance vs Gem Wallet

How Balance vs Gem Wallet compare on our ratings, wallet specs, funding, pros and cons.

Balance2.7/5
VS
Feature
Ratings
Our score2.7/54.6/5
User ratingNo reviews yetNo reviews yet
Security2.54.5
Ease of use3.04.5
Chain support2.55.0
Features2.54.0
Privacy3.05.0
Specs
KYC requiredNot disclosed No
Wallet typeNot disclosedMobile
CustodyNot disclosedSelf-custodial
ChainsNot disclosedEthereum, Bitcoin, Solana, BNB Chain, Arbitrum, Base, Polygon, Avalanche, Sui, Aptos, TON, Tron, Hyperliquid, Cosmos, Other
PlatformsNot disclosediOS, Android
Open sourceNot disclosed Yes
In-app swapsNot disclosed Yes
StakingNot disclosed Yes
NFT supportNot disclosed Yes
Buy crypto in appNot disclosed Yes
Security featuresNot disclosedBiometric authentication, 12-word seed phrase backup, Apple Keychain integration, Google Tink encryption
Recovery without a seed phraseNot disclosed No
Built-in dApp browserNot disclosed Yes
Swap feeNot disclosed0.5%
Company
Founded—2023
HeadquartersUnited StatesUnited Arab Emirates
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • The Balance prototype demonstrated sending Ether through Optimism
  • Public GitHub repository
  • Fully open-source mobile application audited by CertiK in April 2026
  • Requires no account creation, email address, or identity verification
  • Supports over 100 distinct blockchains within a single interface
  • Integrated DEX aggregator compares routes across 23 swap providers
Cons
  • Permanent loss of funds if the recovery seed phrase is lost
  • Team size listed as 1 to 10 employees
  • No desktop client or web browser extension available
  • Swaps carry a 0.5% fee in addition to standard network costs
  • No social recovery alternative for the seed phrase
Best forEthereum layer 2 users, Self-custodial asset holders, Users sending Ether through OptimismMobile multichain crypto management, Privacy-focused self-custody, Direct cross-chain swaps without exchanges

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.

More comparisons