The exciting new world of NFTs is generating a lot of interest from investors and developers alike. NFTs are unique digital assets, unique in that each transaction is concluded at an individual blockchain address, which makes them truly personal property - just like any other item that you can own!
But with the growth of their popularity, there is a need for reliable and convenient wallets for storing NFTs. In order to start buying or selling NFTs, you will need a crypto wallet to help you start trading NFTs.
While there is no specific wallet created to hold NFTs, you can store them on your crypto wallet just as conveniently as you would store your own cryptocurrency.
However, there are a few crypto wallets that are heavily used by NFT traders who prefer to call them NFT Wallet.
This NFT wallet is the same as your cryptocurrency wallet, but this wallet must support the blockchain protocol that your NFTs are built on. And it must be compatible with the cryptocurrency you will use to buy the NFT, such as Ethereum, Bitcoin or Cardano, etc.
Since most NFTs are built on the Ethereum blockchain, most Ethereum wallets should be compatible, but some wallets are compatible with multiple cryptocurrencies.
In this article, we will take a look at five of the best NFT wallets available on the market today. All of these wallets are easy to use and have great features that will make it easier for you to store and manage your NFTs.
So, without further ado, let's get started!
Top 5 NFT Wallets
There are several different types of NFT wallets on the market today, each with their own unique set of features. Some of the more popular wallets include:
MetaMask wallet
Metamask is one of the most popular NFT wallets, and for good reason. Not only is it easy to use, but it is also very secure, making it a great choice for anyone looking to store their NFTs.
It is a convenient wallet with a browser extension that allows you to manage your favorite NMTs in one place. It has a mobile app that gives access to a built-in browser for decentralized applications as well as NFT markets.
You can also set up multiple addresses in your Metamask wallet to store your NFTs in addresses other than cryptocurrencies, or maintain one address for every NFT you buy - it's up to you.
This wallet offers support for various blockchain networks if you want to buy NFTs from a market built on that particular network.
With broad compatibility, security, and rich functionality, it's the perfect way for everyone to manage their digital assets. So if you are looking for an NFT wallet that fits the bill, look no further than Metamask.
Coinbase Wallet
Coinbase best known for its cryptocurrency exchange. It also offers a no-storage wallet that can be used to store NFTs and other tokens. Storing assets in a wallet Coinbase gives users full control over their cryptocurrencies, as opposed to storing cryptocurrencies on the Coinbase exchange.
In 2021, Coinbase launched a browser plugin to make it easier to buy NFTs and use other dApps on various devices. The mobile wallet allows users to access dApps through the built-in browser.
One of the main advantages of Coinbase Wallet is that it allows you to send tokens to other people without using public wallet addresses, making transactions more private and secure. This can make transfers feel more personal and give you the confidence that you are sending funds to the right person.
Coinbase also has a cloud backup feature that allows you to store private keys on your personal cloud drive. This can help ensure that you do not lose access to your NFTs or other assets held in the wallet.
Alphawallet
Alphawallet is an open source crypto wallet focused on mobile devices and an Ethereum-only platform. While it has a few downsides (it's mobile-only and only supports Ethereum), it has built-in support for blockchain games and NFTs.
It is one of the most user-friendly wallets and one of the most secure as it uses the Secure Enclave on your mobile devices for enhanced security.
It has a simple design that is easy for beginners to navigate. The wallet has an entire area dedicated to NFTs and gaming tokens. The wallet also allows users to apply meta tags to their tokens so they can be quickly searched and filtered when browsing their collection.
AlphaWallet is compatible with OpenSea, CryptoKitties, Dragonereum and ChainZ Arena, among other NFT marketplaces and DeFi applications. It also has a built-in dApp browser to search for additional NFT markets and direct access to DeFi apps like Compound.
Trust wallet
With over 5 million users Trust wallet is becoming an increasingly popular NFT wallet. This is a well-known mobile crypto wallet that is ideal for NFT collectors. Users can open a list of art market dapps on Trust Wallet for easy one-click access to sites like Axie Infinity, OpenSea and more.
It can also help users store and manage their assets on the platform, even if Trust Wallet does not allow NFT transactions. Trust Wallet offers built-in integration with well-known public blockchains such as Ethereum Classic and Binance Smart Chain.
One of the most attractive features of Trust Wallet is one-click access to NFT applications, and compatibility with multiple blockchain networks will make Trust Wallet literally one of the most secure NFT wallets - perhaps in the near future.
Enjin
Enjin is an interesting blockchain-based wallet that allows you to collect in-game NFTs as well as other collectibles.
The company has existed since 2009 and has been developing gaming software for over ten years. In 2018, they launched the Enjin Coin (ENJ), which is used to maintain the value of virtual goods on the Enjin network.
Enjin Wallet is a multi-currency NFT wallet that allows you to store, manage and trade NFTs. The wallet also supports Ethereum, Bitcoin, Litecoin and over 50 other ERC-20 tokens.
One of the unique features of Enjin Wallet is the “Enjin Beam” QR code scanner, which allows you to instantly transfer NFT between wallets by scanning a QR code.
Enjin Wallet is available for Android and iOS devices and is also compatible with Ledger hardware wallets. All in all, Enjin Wallet is a great option for storing and managing your NFTs.
Choosing the Best NFT Wallet
Choosing the best NFT wallet for you will depend on your needs and preferences. If security is your main concern, then a hardware wallet is a good choice, for example, Enjin.
However, if you want a wallet that is easy to use and has built-in exchange features, then a web wallet like this one is a good choice. Trust wallet.
And if you need a mobile wallet that is easy to use and supports multiple currencies, then a good choice would be Coinbase, Dappradar и Alphawallet.
Once you decide on a wallet type, you will need to consider how and where you will access your NFTs.
If you will be using them for online gaming or on various NFT trading platforms, then you need to make sure that your wallet is compatible with these platforms.
For example, wallet Dappradar compatible with Opensea, Rarible, SuperRare, etc. Trust wallet compatible with NFTs on Binance smart chains, while Coinbase is compatible with Opensea, Rarible and Gotchiverse.
You should also pay attention to how easy it is to use the wallet and how convenient its interface is. The best wallets are those that are designed to be as user friendly as possible so that even beginners can easily use them.
Risks associated with the use of NFT wallets
There are a few risks associated with using NFT wallets, but these are generally very minor. The biggest risk is that if you lose your private keys or password, you will lose access to your NFTs.
And if you use an online wallet, then your NFTs can be hacked if the site is not secure. That's why it's important to choose a reputable and well-established wallet provider, preferably hardware or cold wallets.