Types of wax for wax meltsParaffin wax. This is one of the cheapest types of wax available. ...Soy wax and soy wax flakes. Soy wax is one of the most popular waxes for making wax melts as it is cheap, eco-friendly and versatile.Palm wax. Like soy wax, palm wax is a natural product derived from plant material. ...Gel wax. ...Beeswax. ...Blends of wax. ...