Best NFT Wallets for 2022
From digital art to sports collectibles to gaming if you want to start investing in non-fungible tokens here are the best marketplaces where you can buy and sell NFTs.
The rapid growth of NFTs has attracted a lot of attention and one should have an NFT wallet to exchange and store digital assets.
There is a number of wallets available to NFT enthusiasts. Choose the best one for you taking into account your trading needs. A good wallet will protect your digital property against a wide range of dangers, hacks, or frauds.
The NFT wallet gives access to your assets that are stored on the blockchain. The private key gives you the right to access anything held at that address and the wallet owner can make transactions only by means of the private key.
What are the Best NFT Wallets?
The area of NFT wallets is still being developed. Instead of simply downloading any wallet that you stumble upon online you must choose a wallet only after sufficient research. The following NFT wallets have developed a good reputation from the cryptocurrency community.
MetaMask was developed by ConsenSys Software Inc which is a web-based software company that focuses on Ethereum-based tools. It was Aaron Davis who founded MetaMask which lets you run Ethereum DApps directly in your browser.
Metamask is one of the most popular cryptocurrency wallets that allows you to interact with the Ethereum network. Metamask lets you create an address for each NFT that you purchase.
You can buy, sell, and trade your cryptocurrencies with other users safely by means of Metamask. The transactions made by Metamask are recorded on Ethereum Blockchain and made public.
Metamask is easy to set up, and transactions are synced between web and mobile extensions. Metamask mobile has a web browser built-in for NFT and Defi apps.
Take into consideration that there are many fake MetaMask applications, so be careful!
Coinbase is a crypto exchange service founded by Brian Armstrong in June 2012.
Coinbase assists users in exchanging cryptocurrency and gives you full control of your crypto assets as a user. You can also keep your NFTs or other tokens in your Coinbase Wallet.
Moreover, Coinbase Wallet now displays your token balances across all supported networks such as Arbitrum, Avalanche, Binance Smart Chain, Fantom and Optimism.
Users can access their wallets across devices to buy NFTs and use other dApps by means of Coinbase. The mobile wallet also allows users to access dApps. In the case of Coinbase Wallet, tokens can be transferred easily by using usernames instead of public wallet addresses.
You’ll be able to ensure that your NFTs or other funds aren’t lost by backing up your private keys to your cloud drive via Coinbase’s one-click feature. The main downside is that Coinbase Wallet only holds Ethereum-based NFT tokens.
Alpha Wallet is run by a multinational team. The co-founders of Alpha Wallet are Weiwu Zhang, Victor Zhang, and James Brown.
Alpha Wallet is an open-source cryptocurrency wallet that allows users to mint and invest in Ethereum-backed tokens. It is only available on mobile devices and only Ethereum, but it is notable for its native support for blockchain games and NFTs.
Alpha Wallet is easy to use, and users can also add meta tags to their tokens that can be searched and filtered when browsing their collection. This wallet also works directly with Dragonereum, OpenSea, ChainZ Arena, and CryptoKitties. It has direct access to DeFi applications and access to other NFT marketplaces.
The Enjin corporation was founded by Maxim Blagov and Witek Radomski. They aimed to create a modern gaming platform centered around the crypto community.
Enjin is one of the leading companies in the growing area of in-game NFTs. You can collect NFTs and other collectibles used as in-game items in the Enjin Wallet. Enjin’s token is ENJ. ENJs are used to trade digital assets in Enjin’s own marketplace.
One of the Enjin Wallet’s attractions is UI. It is also worth noting that Enjin Wallet is really easy to use and has a seamless design. This wallet provides enhanced security for its users as it has a fingerprint scanner.
Please note that the Enjin Wallet is only available for mobile users and supports only NFTs and other Ethereum-related assets.
The founder of Trust Wallet is Viktor Radchenko. One of the world’s top exchange services – Binance owns Trust Wallet. This wallet has over 5,000,000 users and not all of them are NFT owners.
Trust Wallet is a great way to store and manage your tokens but it can not be used for trading or transferring assets. Trust Wallet provides a list of decentralized apps for art markets, and you will have one-click access to sites like Axie Infinity and OpenSea.
Trust Wallet supports multiple blockchains and has a smooth interface that beautifully renders and displays your NFTs. You can use this wallet both as a DeFi wallet and a crypto wallet. It should be mentioned that the wallet is available only on mobile devices.
Math Wallet was founded by Eric Yu in 2017. Then it has been backed by Alameda Research.
Math Wallet supports over 70 different blockchains, and this makes it unique. Besides offering a web, desktop, and mobile wallet that are synchronized across devices, it can also be integrated with multiple hardware wallets. It should be noted that users can also create multiple addresses.
The built-in DApp browser gives the users of Math Wallet access to NFT marketplaces offering to stake, to swap, and its own utility token.
It is noteworthy that the project is still growing and various features are being added. In addition to this, its interface has contained bugs at various points during its development.
George Kimionis founded Coinomi in 2014. Note that the company has less than 20 employees and has never reported any external funding. Coinomi is a multi-chain, security-first wallet. The wallet has both mobile and desktop versions. Coinomi supports more than 125 blockchains.
Coinomi’s built-in exchanges help instantly exchange the supported assets. Coinomi allows users to interact with DeFi apps and there are also no fees for transactions which is of great help to frequent NFT buyers and sellers.
Coinomi supports Bitcoin and helps integrate over 125 blockchains. It is worth noting the platform is unregulated and does not support fiat currency, which may bother some users looking to use the exchange option.
The Public Key and Private Key
Every NFT wallet has both a public key and a private key.
Always keep your private key private, as it allows you to access the blockchain and your digital assets. The owner of the private key owns all the assets stored in that wallet. So, you should never share your private key.
Write down your private key on paper and keep it in a safe place.
When choosing the right NFT wallet, the most important criteria to consider are:
- As we know, there are NFTs that are worth hundreds of thousands of dollars or even millions. So, security is the most significant criteria for choosing the best wallet for NFTs. Secure NFT wallet must provide you with a private key that gives you access to the NFT you bought and identifies you as its legal owner.
NFT wallets also provide seed phrases that are a series of words generated randomly and serve as a master password. You can be sure that your assets are secured if the wallet utilizes these measures.
- A user-friendly interface is another important factor when selecting the best crypto wallet for NFTs. NFTs can be bought and sold more easily if all the menu features are easily accessible so that you can manage your collections in the most convenient way. Choose the wallet that is simple to set up, navigate and use.
- Cross-platform compatibility is the ability of relatively independent blockchains “to communicate”. It allows exchanging NFTs between blockchains. Ethereum is the most popular platform with cross-chain compatibility. Choose a wallet with this feature as it will help you to avoid the limitations of the single blockchain.
- It is sometimes confusing for beginners to understand how NFTs are traded. Therefore, the best NFT wallets provide a high-quality customer support team that works 24/7. This is a multilingual team of professionals who respond to any question as fast as possible.
- Wallets for non-fungible tokens are available both as desktop applications and as iOS or Android mobile applications. Choose the NFT wallet that runs on multi-platforms, so you can have access to your digital assets anytime and anywhere you are.
There is such a big variety of NFT wallets available online that it is very easy to get lost among them. Reliable and convenient NFT wallets are the ones that provide their users with an easily manageable interface, security of NFTs and the possibility to use the wallet via different gadgets.
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