An NFT wallet is required if you are interested in investing or collecting non-fungible tokens. NFT wallets are supports the blockchain protocol NFTs were built on. It should also be able to support the currency you use to buy NFTs.
Most Ethereum wallets work because the majority of NFTs use Ethereum blockchain. Some wallets are better than others. This article will give you a brief overview of the top NFT wallets and what to look out for when selecting one.
5 Best NFT wallets
These are the best NFT wallets right now.
Metamask is one of the most well-known cryptocurrency wallets. The browser extension allows you to access web3 sites like NFT marketplaces in just a few clicks. Metamask allows you to create multiple addresses so that you can keep your NFTs at a separate address from your cryptocurrency. Or you can create a single address for each purchase of NFTs.
ConsenSys, which is behind Metamask, developed a mobile app in 2020. The wallet’s holdings work flawlessly on both the mobile and desktop versions. Mobile applications include a browser that allows you to access decentralized apps or NFT marketplaces.
Metamask offers a built-in Swap feature that allows you to convert currencies to or buy an NFT. Although you can limit the number of gas fees that you pay, there is always the possibility of a transaction going wrong. Metamask supports alternative blockchains if you require them.
Also read: How to Make Money With NFT
2. Math Wallet
Math Wallet is a strong alternative for Metamask. The best thing about Math Wallet is its support for more than 70 different blockchains. It has a mobile, web, and desktop version that can sync across all devices. Additionally, it integrates with many hardware wallets. Math Wallet allows you to create multiple addresses.
Math Wallet includes a dApp browser that allows users to view NFT markets. It also offers several features that cryptocurrency holders will appreciate, such as staking and swapping. It also comes with its own utility token
AlphaWallet is an open-source cryptocurrency wallet. Although it does have some limitations, such as being mobile-only and Ethereum only, AlphaWallet’s native support for NFTs and blockchain games makes it stand out.
It is easy to use for beginners thanks to its simple interface. The wallet has a section dedicated to gaming tokens and NFTs. You can also add meta tags to your tokens to make it easier to search for and filter them while browsing through their collection.
AlphaWallet is compatible with OpenSea and CryptoKitties as well as Dragonereum and ChainZ Arena. It also has a built-in dApp browser that allows you to search for more NFT marketplaces as well as direct access to Defi applications like Compound.
4. Trust your wallet
Binance’s Trust Wallet is a mobile-only wallet that accepts Bitcoin. Although it supports many blockchains, including Ethereum and Bitcoin, it is heavily biased towards smart chain tokens due to its affiliation with Binance. Trust Wallet is a good choice if you are interested in NFTs on Binance’s smart chain. It’s already set up for BEP tokens.
Trust Wallet, like other wallets, includes a dApp Browser to locate NFT marketplaces. This makes it easy to buy NFTs from the wallet. It also features an exchange function that allows users to swap currencies to get the tokens they need to purchase NFTs.
5. Coinbase Wallet
Many people are familiar with Coinbase (NASDAQ: COIN), which is known for its cryptocurrency trading platform. You can also use it to store NFTs or other tokens in a non-custodial account. Coinbase Wallet allows users to have full control of their crypto assets, unlike holding it on Coinbase’s cryptocurrency exchange.
Coinbase has released a browser extension that makes it easier to use your wallet across devices in order to purchase NFTs or use other dApps. The built-in browser of the mobile wallet allows users to access dApps.
Coinbase Wallet’s unique feature is the ability to transfer tokens to other people using usernames and not public wallet addresses. This can make transactions feel more personal, and give you a greater sense of security knowing that assets are being sent to the right person.
Coinbase offers one-click cloud backups for your private keys. These keys are stored on your own cloud drive. This can ensure you have access to your NFTs and other funds in your wallet.
Importance of using an NFT wallet
An NFT wallet does not have the same functionality as a physical wallet. Your wallet doesn’t hold NFTs and cryptocurrency.
It instead gives access to assets that are stored on the Blockchain. It provides a private key to the address to enable transactions to be authorized by the wallet owner. The private key allows you to own everything at the address.
A wallet can handle all technical details for you, as well as provide an easy user interface to buy, sell, and transfer NFTs or cryptocurrency. It can provide two-factor authentication for increased security and a way to track your assets across multiple devices.
Here are some things to consider when selecting the best NFT wallet
When choosing an NFT wallet, the most important aspects to consider are:
- Compatibility to the NFT marketplaces that you wish to purchase from: It’s important to know what it is.
- High security: NFTs are often worth millions or even billions of dollars. It should be as secure and as safe as possible.
- Simple-to-understand user interface: An easy-to-understand user interface makes selling and buying NFTs simple.
- Cross-device access: It can be very useful to have access to your NFTs from a computer or a mobile device.
- Multichain support: Although most NFTs are stored on the Ethereum blockchain, there are many other platforms that support NFTs. To have easy access to as many NFTs as possible, you will need a wallet that is compatible with as many blockchains as possible.