9 Best NFT Wallets

With the NFT (non-fungible tokens) domain continuously growing, you need an NFT wallet to buy, sell, hold, or trade NFTs. Unlike average cryptocurrency wallets that hold only cryptocurrencies, NFT wallets can store both NFTs and cryptocurrencies. Besides, after you purchase the digital assets, these wallets store the location information on the blockchain instead of actually holding the assets. Also, you can access your purchases whenever you need to with ease.

Even though the NFT marketplace is considerably new, hundreds of NFT wallets are available to choose from – each with its respective features and tools. Thus, making it challenging to find the best one for your needs, especially if you are new. Selecting the right NFT wallet is crucial as it determines the safety of your digital assets. To help make your decision-making process easier, this article will discuss the best NFT wallets and review the factors you need to consider when choosing one. So, let’s get right to it.

Metamask

Wallet type – Self-custody

Blockchain – Ethereum

Metamask is one of the most popular Ethereum NFT wallets operated and maintained by ConsenSys; an Ethereum-foundation backed company. It offers a browser extension that allows easy access to NFT marketplaces like OpenSea and Foundation. Users can set up several addresses to enable them to hold their NFTs and cryptocurrency at separate addresses. It was first launched in 2016, and it has since grown, with reports stating Metamask has over 20 million active global users monthly. In 2020, ConsenSys built a mobile application that enables NFT token collection alongside an in-built browser for decentralised applications and NFT marketplaces.

Metamask supports Firefox and Google Chrome and setting it up only takes a few minutes. This NFT wallet is very popular because of its security, as the wallet generates keys and passwords on your device, ensuring that only you have access to your data and holdings. Upon set up, Metamask gives you a secure login, key vault, token exchange, and token wallet. Also, with the in-built swap feature, users can swap currencies to purchase an NFT.

Pros

  • Ease of setup and use
  • Synchronisation of transactions and holdings throughout the mobile applications and web extensions
  • Beginner-friendly
  • It supports hardware wallets like Ledger and Trezor wallets
  • Available on browser and mobile devices
  • It supports other platforms apart from Ethereum
  • Compatible with Binance Smart Chain

Cons

  • No NFT showcase feature
  • Mainly supports Ethereum-based tokens
  • Metamask scams are on the rise

Trust Wallet

Wallet type – Self-custody

Blockchain – Binance Smart Chain and Ethereum

Trust wallet is a mobile-only NFT wallet owned by Binance, and it is famous for supporting varying blockchains, counting Ethereum. With over 5 million users, this wallet has a decentralised applications (dApp) browser to enable users to access NFT marketplaces like OpenSea, Axie Infinity, and others. Because of its connection with Binance, it is partial towards smart chain tokens – making it the best option for you if you are interested in NFTs on the Binance smart chain.

Its in-built currency exchange feature allows users to swap cryptocurrencies to buy NFTs. Trust Wallet offers native incorporation for public chains like Binance Smart Chain and Ethereum Classic, and it supports both Android and iOS devices. This wallet also enables you to store and view your NFTs alongside a property breakdown of each digital asset. It is best for crypto staking as it offers staking options for multiple coins.

Pros

  • Availability of  dApp browser
  • Beginner-friendly
  • User-friendly interface
  • It supports multiple blockchain networks
  • Decentralised and open-source
  • It offers a dedicated section to view and store NFTs

Cons

  • No NFT transfer support
  • Fewer security features than hardware wallets
  • It provides a mobile-only application

AlphaWallet

Wallet type – Self-custody

Blockchain – Ethereum

AlphaWallet is an open-source NFT wallet backed by Ethereum. It supports minting and collection of NFTs even though it is a mobile-only wallet. This wallet directly works with NFT marketplaces and blockchain applications like ChainZ Arena, Dragonereum, CryptoKitties, and OpenSea. You can easily import your old wallet without downloading any software or backing up any private keys. Additionally, it is compatible with all Ethereum-based in-game assets, and it has a built-in browser that allows users to explore different decentralised applications, games, and NFT marketplaces.

This wallet offers a tagging functionality that makes it easy for users to filter their NFT collection. AlphaWallet also provides cold wallet-grade security by employing a secure enclave subsystem on mobile devices. Besides, it allows users to change their blockchain transaction speed, reducing their gas fees.

Pros

  • Simple user interface
  • Beginner-friendly
  • Open-source self-custodial wallet
  • Users can customise their blockchain transaction speeds
  • Secure enclave technology

Cons

  • It is a mobile-only wallet

Coinbase Wallet

Wallet type – Self-custody

Blockchain – Ethereum

Coinbase Wallet is a self-custody NFT wallet that puts users in complete control of their keys, data, and assets. This wallet supports multiple tokens and decentralised apps. It offers a browser extension to make it easier for users to access their wallets and the decentralised web across different devices. You can store and view your NFTs in this wallet, and if you are a Coinbase exchange user already, you can easily link your account to your wallet. Plus, the Coinbase Wallet enables users to transfer tokens to users using their usernames instead of wallet addresses.

Coinbase enables users to use their NFTs to purchase goods and services, and they also offer insurance on all cryptocurrencies. With the one-click backup offered by this wallet, you can store all your private keys in a personal cloud. Users can use this wallet to swap assets on decentralised exchanges, and you can fund your wallet using a debit or credit card.

Pros

  • Beginner-friendly
  • User-friendly application
  • It supports a variety of tokens and cryptocurrencies like Bitcoin, Litecoin, Ripple, and Stellar Lumens.
  • Multi-platform compatibility

Cons

  • Lack of privacy with username model

Math Wallet

Wallet type — Self-custody

Blockchain — Over 60 blockchains, including Ethereum, Binance Smart Chain, Solana, and Bitcoin

Math Wallet is a multi-chain wallet that supports over 60 mainstream, EVM, Substrate, and CosmosSDK chains. It offers a browser extension, web wallet, and a mobile application that can be accessed via an Android or iPhone. This wallet has integrations with different hardware wallets like Ledger and WOOKONG Bio. Additionally, users can access NFT marketplaces using the in-built decentralised application browser.

This self-custodial wallet backed by Alameda Research and Binance labs enables users to create multiple wallet addresses and carry out different features like swapping and staking. Only you have access to your seed phrase or private key when you start using this wallet. Besides, Math Wallet is free to use, but you will pay blockchain fees when you carry out a transaction or use decentralised applications.

Pros

  • It supports numerous blockchains
  • Easy accessibility
  • It offers multiple wallet options
  • Enhanced security
  • It supports hardware wallet integration
  • It provides its own utility token
  • Swapping and staking functionality
  • Free

Cons

  • Not beginner-friendly
  • Clustered user interface
  • The wallet is still in the development stage

Enjin Wallet

Wallet type — Self-custody

Blockchain — Ethereum

Enjin Wallet is a non-custodial wallet that enables users to store and manage their cryptocurrencies and NFTs easily. You can create different wallets to use for trading NFTs or blockchain gaming, and you can import your old wallets without downloading any software or needing to back up your private keys. This wallet also allows you to easily connect and track your hardware wallet, like Ledger and Trezor. You will also find a fee calculator within the mobile app to enable you to calculate and set fee limits. Besides, you can use the Enjin token ($ENJ) in the Enjin Marketplace to trade digital assets.

The Enjin Wallet is available for Android and Apple devices, and it offers a fingerprint scanning functionality to provide superior security to users and ensure the safety of their assets. A one-click browser is available for users to access different Ethereum-based decentralised applications. You can swap different tokens and convert cryptocurrency to fiat on the mobile Enjin Wallet.  Plus, this wallet allows users to import, manage, and trade their tokens with ease.

Pros

  • Seamless user interface
  • Beginner-friendly
  • In-app NFT marketplace
  • Availability of in-built web3 browser
  • It supports hundreds of cryptocurrencies
  • Easy wallet importation
  • Multilingual
  • Balances in local currency

Cons

  • It supports only Ethereum-based tokens
  • It is only a mobile application

Kukai

Wallet type — Self-custody

Blockchain — Tezos

Kukai is a Tezos NFT wallet that users can use to manage all their digital assets. This open-source wallet can be accessed via desktop or any device with an internet connection, and there is no third-party control of your assets or hidden gas fees. You can use this wallet to purchase, sell, and trade tokens with users, and it allows you to import your old wallets from Google, Twitter, and Reddit with ease. Besides, users can integrate this wallet with hardware wallets like Ledger.

You can connect a Nano Ledger S to your computer to create a new wallet, offering you the most effective and secure way to protect your digital assets. Kukai allows users to send XTZ to any Twitter, Reddit, or Google user names, and the receiver does not need to have an activated Tezos wallet. Additionally, this wallet uses an open-source and self-custodial key management system called DirectAuth, which ensures that they do not have access to any private keys.

Pros

  • Easy to set up
  • Integration with Ledger Nano
  • Users can easily import their old wallets from Google, Twitter and Reddit
  • It is safe to buy and sell NFTs

Cons

  • Tezos-only based blockchain

Binance Chain Wallet

Wallet type — Custodial

Blockchain — Binance Chain, Binance Smart Chain, and Ethereum

Binance Chain Wallet is a browser extension NFT wallet offered by Binance, one of the top cryptocurrency exchanges in the world. This wallet supports Ethereum, Binance Chain, and Binance Smart Chain. Users can transfer tokens from the Binance exchange to their wallets easily. This wallet supports buying and selling NFTs and enables users to move their NFTs and digital assets from the Binance NFT marketplace to the Binance Chain Wallet. Besides, if you are already a Binance user, you can log in to the Binance Chain Wallet using your Binance credentials.

Users have the option to create a seed phrase to enable them to recover their account if they forget their password. They can also interact with smart contracts and decentralised applications via the wallet’s interface. Additionally, this custodial NFT wallet is free to use.

Pros

  • Easy to set up and use
  • Availability of Binance NFT marketplace and exchange
  • Free to use
  • Supports Ethereum and Binance Smart Chain NFTs
  • It allows interaction with different decentralised applications
  • The seed phrase is available for account recovery

Cons

  • Only available as a browser extension
  • Users cannot view their NFTs in the wallet

Crypto.com DeFi Wallet

Wallet type — Self-custody

Blockchain — Ethereum and Crypto.org Chain

Crypto.com DeFi Wallet is an NFT wallet offered by Crypto.com, one of the best global cryptocurrency exchanges with over ten million registered users. This non-custodial wallet is available on Google Play and the Apple App Store, which is free to use. It also supports more than 100 cryptocurrencies, and it has a dedicated section for NFTs, enabling users to view their digital assets in a gallery format. Besides, users can store both Ethereum-based NFTs and Crypto.org chain NFTs in the wallet.

Users can use this wallet to send NFTs to other users with ease, and it allows them to share their NFTs on different social media platforms. Crypto.com DeFi Wallet also enables users to earn interest on their cryptocurrency holdings with no lock-up period. You can easily import an existing wallet using your recovery phrase. Plus, you can choose the speed and gas fees before starting any transaction using this wallet.

Pros

  • It is easy to make NFT transfers
  • Free to use
  • Social NFT sharing
  • Users can view their NFT
  • Interest on cryptocurrency savings
  • Complete control of your private keys
  • It supports multiple coins
  • Speed and gas fee customisation

Cons

  • It supports only two blockchains

Understanding NFT Wallets

NFT wallets are dedicated pieces of hardware or software used to securely store, manage, and trade non-fungible token. To store your NFTs, the wallet must be compatible with the blockchain that the NFT is built on. If it is an Ethereum-based NFT, the wallet must support the Ethereum blockchain as not all wallets are compatible with all chains. NFT wallets help users purchase digital assets, and since NFTs are stored on the blockchain, the wallets store the NFT location within the network rather than the assets themselves. However, some wallets enable users to view and share their NFTs with other people.

You need NFT wallets to hold your digital assets in the long term, as it is risky to hold your NFTs on the marketplaces you bought them from. Once you set up your NFT wallet, you can transfer your NFT from the marketplace to your wallet and hold it there. There are two major types of NFT wallets — non-custodial and custodial wallets. Non-custodial wallets, also called self-custody wallets, give users total control over their private keys while a third party controls the private keys in custodial wallets.

Factors to Consider when Choosing an NFT Wallet

Choosing an NFT wallet can be very challenging, especially with the numerous options. Highlighted below are a few factors you should look for when selecting an NFT wallet, as they will help streamline your choices.

User Experience

A simple user interface is an essential feature for NFT wallets. You need to opt for one that is beginner-friendly and simple to set up and use, as this will make all the difference for you in the long run. Opting for wallets with complicated user interfaces can be very frustrating to navigate.

Privacy

You need to consider the privacy level offered by each wallet, as some are more private than others. Some wallets allow others to view all your transactions while others don’t. If privacy and anonymity are part of your specific needs, it is best to opt for an NFT wallet that protects your transaction information.

Exchange and NFT marketplace Compatibility      

The wallet you choose must be compatible with different exchanges and NFT marketplaces. This will enable you to mint or trade NFTs on different marketplaces easily.

Security

Security is a significant feature to consider. You should opt for an NFT wallet that offers a high level of security like two-factor authentication, biometrics, and robust encryptions.  This way, your digital assets will be safe from hacking.

Transaction Limits

Some NFT wallets have transaction limits which can be quite a hassle, especially if you are a token trader. It is best to opt for wallet providers that do not have any transaction limitations.

Multiple Device Compatibility

Most wallets come as web extensions or mobile and desktop applications, and the best ones come in all options. You should choose an NFT wallet that can run on multiple devices while synchronising your transactions in real-time.

Cross-chain Support

The best NFT wallets are the ones that are compatible with different blockchains. Even though Ethereum is the most popular platform for NFT users, there are other networks that users can use to mint and trade NFTs — which is why cross-chain compatibility is essential.

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