Internet Identity
Self-custody- Recovery phrase
- None (passkey anchors)
- Passphrase support
- Not supported
- Staking
- Not supported
- dApps
- Supported
ICP is the network that does not use a seed phrase by default: Internet Identity is anchored to passkeys on your devices. That changes how you back up. These are the verified options, August 2026.
Our verdict
Internet Identity is the reference ICP wallet — but it is passkey-based, so your backup strategy is registering recovery phrases and extra devices, not guarding a seed. Plug is the best choice for users who want a familiar seed-phrase wallet on ICP. Oisy is the ICP-native wallet for ck-tokens. For cold storage, Ledger supports ICP via its app. The single most important ICP-specific fact: if you lose all devices and all recovery methods, the identity is gone.
| Wallet | Type | Custody explained | Passphrase support | Staking | dApps | Evidence |
|---|---|---|---|---|---|---|
| Internet Identity | web | Self-custody | Not supported | Not supported | Supported | Documentation reviewed |
| Plug | Browser | Self-custody | Supported | Supported | Supported | Documentation reviewed |
| Oisy Wallet | web | Self-custody | Not supported | Not supported | Supported | Documentation reviewed |
| Ledger | Hardware | Self-custody | Supported | Supported | Supported | Documentation reviewed |
Internet Computer wallets at a glance
ICP is the network where the usual advice — ‘write down your seed phrase’ — only applies if you use Plug. The standard path, Internet Identity, works differently: your identity is anchored to passkeys on devices you control. You prove who you are with the device, not with a phrase.
That is more convenient and removes the phrase-theft risk, but it moves the responsibility: your backup is the set of recovery methods you register (a recovery phrase per device, or an extra security key). Losing every device and every recovery method means losing the identity. The wallets that handle this well make recovery setup prominent — treat that step as mandatory, not optional.
All options here are self-custody: you control the keys (or the passkey anchors). Holding ICP on Bitvavo or Finst is custodial — they hold it for you. Buy and sell on the exchange; move what you keep into your own wallet or identity.
Whichever you use, do a dry run: set up recovery, then prove you can restore from it before depositing real ICP.
Both major Dutch exchanges list Internet Computer. Bitvavo and Finst offer ICP trading with free SEPA/iDEAL deposits, MiCA authorisation (AFM) and withdrawals to external wallets. See our dedicated ICP buying guide.
Withdraw ICP to your principal or Ledger-managed address on the Internet Computer network. Bitvavo charges only the current network fee; Finst adds a €2.50 baseline per crypto withdrawal.
Best for: users who embrace the passkey model. Price: free (web).
Internet Identity is the official ICP authentication system: your account is anchored to passkeys (biometrics/security keys), not a seed phrase. That is more convenient day to day — but backup depends on the recovery methods and extra devices you register at setup. Lose all devices and recovery methods and the identity is gone.
Pros: official; seamless with ICP dApps; no phrase to leak. Cons: backup is passkey-based; set it up correctly or lose access.
Who it’s for: users who will register recovery properly and want the native ICP experience.
Best for: users who want a familiar backup model. Price: free (browser).
Plug is the ICP wallet with a classic 12-word BIP39 phrase (plus passphrase) and Ledger support — the most conventional way to hold ICP.
Pros: standard phrase backup; passphrase; Ledger pairing. Cons: smaller ecosystem footprint than Internet Identity.
Who it’s for: users who prefer a seed phrase they understand over the passkey model.
Best for: ICP + ckBTC/ckETH users. Price: free (web/mobile).
Oisy is built on Internet Identity and handles ICP, ckBTC and ckETH natively — nothing to install, works in any browser. Same passkey-based backup rules as Internet Identity.
Pros: ck-token support; no install; mobile-friendly. Cons: passkey backup model; ICP-focused.
Who it’s for: users active in the ICP DeFi/ck-token ecosystem.
Best for: long-term savings. Price: from ~€59–79.
Ledger’s ICP app keeps keys offline with the standard 24-word phrase plus optional passphrase. Pair with Plug or the ICP web wallet for the interface.
Pros: native ICP; keys offline; passphrase. Cons: closed-source firmware.
Who it’s for: anyone holding meaningful ICP.
ICP introduces two terms that confuse most new holders:
When you withdraw ICP from an exchange:
The rule is the same as everywhere else: use the exact destination your own wallet displays, and send a small test amount first.
ICP’s ecosystem includes chain-key tokens (ckBTC, ckETH) — Bitcoin and Ethereum held natively on the Internet Computer, redeemable 1:1. Oisy handles these natively, which makes it the wallet of choice for users active in that ecosystem.
For a plain ICP holder, the summary is simple: ICP is a platform token for a decentralized “internet computer” — the wallet story is passkey-or-phrase, and the backup discipline is the whole game.
Every wallet in our database that supports this network, with the key differences at a glance.
| Wallet | Type | Staking | Passphrase | Open source | |
|---|---|---|---|---|---|
| Ledger | Hardware | ✓ | ✓ | ± | Visit official website ↗ |
| Ledger Flex | Hardware | ✓ | ✓ | ± | Visit official website ↗ |
| Internet Identity | Software | — | — | ✓ | Visit official website ↗ |
| Oisy Wallet | Software | — | — | ✓ | Visit official website ↗ |
| Plug | Software | ✓ | ✓ | ✓ | Visit official website ↗ |
Bitvavo and Finst are custodial exchanges: they hold your coins on your behalf. Buying and selling is their purpose; the coins remain under the exchange's control until withdrawn. An exchange account and a wallet are different products — this site never ranks an exchange as a 'wallet'.
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Cryptocurrency values can fall sharply. Products mentioned may not be available in every country, and custodial services hold your assets on your behalf. Nothing on this site is financial advice.
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Every recommendation is based on our published methodology: we separate self-custody wallets, hardware wallets, custodial exchanges and buying platforms, and score each with its own criteria. We label everything as hands-on tested, documentation reviewed, or not yet tested. Commissions never determine rankings.
Not by default. The standard ICP wallet, Internet Identity, is passkey-based: it is anchored to authenticators on your devices (Touch ID, Windows Hello, security keys). You create recovery methods — recovery phrases or extra devices — during setup. Plug, by contrast, issues a traditional 12-word seed phrase.
If you registered a recovery method, you can use it to regain access. If you lost all devices and never set up a recovery method, the identity and its ICP are unrecoverable — this is the trade-off of the no-seed-phrase model, so set up recovery during creation.
No. ICP is not EVM-compatible. Use Internet Identity, Plug or Oisy.
Ledger supports ICP via the Internet Computer app in Ledger Live, paired with third-party interfaces. Trezor does not support ICP.
Both Bitvavo and Finst list ICP with free SEPA/iDEAL deposits and MiCA authorisation (AFM). Withdraw to your own wallet after buying.
Internet Computer (ICP) can be bought on the major Dutch exchanges Bitvavo and Finst. This page compares fees and the ICP-specific detail that matters after you buy: the no-seed-phrase wallet model.
CompareBoth Bitvavo and Finst are Dutch, MiCA-authorised exchanges. The right choice depends on how you trade — this comparison is evidence-based, not commission-based.
GuidesThe single most important distinction in crypto: who controls the private keys. This guide explains the difference, the risks on each side, and when each makes sense.