The exciting new world of non-fungible tokens (NFTs) is the one that has generated a lot of interest from both investors and developers. NFTs are unique digital assets whose uniqueness comes from the fact that every transaction is concluded from a single blockchain address, making them truly personal property, just like any other item you might own! But with their growing popularity comes the need for reliable and user-friendly NFT wallets in which to store them.
To start buying or selling NFT, you will need a crypto wallet to start trading NFT.
Although there is no special wallet created to store your NFTs because you can store them on your crypto wallet as conveniently as you store your cryptocurrency.
However, there are some crypto wallets that are used in volume by NFT traders who like to refer to them as their NFT wallet.
This NFT wallet is the same as your cryptocurrency wallet, but this wallet must support the blockchain protocol on which your NFTs are built. And it must be compatible with the cryptocurrency that you will use to buy your NFTs, 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 discuss five of the best NFT wallets available in the market today. These wallets are all user-friendly and have great features that will make it easy for you to store and manage your NFTs.
So, without further ado, let’s get started!
5 best NFT wallets
There are a number of different types of NFT wallets available in the market today, each with its own unique set of features. Some of the most popular wallets include:
Metamask is one of the most popular NFT wallets out there, and for good reason. Not only is it easy to use, but it’s also highly secure, making it a great choice for anyone who wants to store their NFTs. It is a user-friendly browser extension wallet that allows you to manage your favorite NFTs in one place. It has a mobile app that gives access to a built-in browser for decentralized apps and NFT markets.
You can also set up different addresses in your Metamask wallet so you can keep your NFTs at an address other than your cryptocurrencies, or you can keep a single address for each NFT you buy – it’s up to you.
This wallet offers support for different blockchain networks if you’re looking to buy NFT from a market built on that particular network.
With its broad compatibility, security features and extensive features, it is the perfect way for everyone to manage their digital assets. So, if you’re looking for an NFT wallet that ticks all the boxes, look no further than Metamask.
Coinbase is best known for its cryptocurrency exchange. It also offers a non-custodial wallet that can be used to store NFT and other tokens. Keeping assets in the Coinbase wallet gives users complete control over their cryptocurrencies, instead of storing cryptocurrencies on Coinbase Exchange. In 2021, Coinbase launched a browser plug-in to make it easier to purchase NFT and use other dApps across multiple 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 others without using public wallet addresses, making transactions more personal and secure. It might make transfers seem more personal and reassure you that you’re sending things to the right person. Coinbase also has a one-click cloud backup feature that allows you to save your private keys to your personal cloud drive. This could help you ensure that you don’t lose access to your NFTs or other assets stored in your wallet.
An open source crypto wallet, AlphaWallet is a mobile-first and Ethereum-only platform. While it has some drawbacks (it’s mobile only and only supports Ethereum), its native support for blockchain and NFT games sets it apart.
It is one of the most user-friendly wallets available and one of the most secure as it uses Secure Enclave on your mobile devices to give you greater security.
It has a simple design that is easy to navigate for beginners. There is a whole area in the wallet dedicated to NFT and game tokens. It also allows users to apply meta tags to their tokens so that they can be quickly searched and filtered when they look through their collection. AlphaWallet is compatible with OpenSea, CryptoKitties, Dragonereum and ChainZ Arena, among other NFT markets and DeFi applications. It also has a built-in dApp browser to locate additional NFT markets and direct access to DeFi applications like Compound.
With over 5 million users, Trust Wallet is becoming popular as an NFT wallet. It is a well-known mobile crypto wallet ideal for NFT collectors. Users can discover a list of decentralized art markets apps on Trust Wallet for easy one-click access to sites like Axie Infinity, OpenSea, and others. It can also help users maintain and manage their assets on the platform, even if Trust Wallet does not enable NFT transactions. Trust Wallet offers native integration with well-known public blockchains such as Ethereum Classic and Binance Smart Chain.
One of the most interesting features of Trust Wallet is its one-click access to NFT applications, and compatibility with multiple blockchain networks will make Trust Wallet, literally, one of the most trusted NFT wallets out there – probably in the near future.
Enjin is an interesting blockchain-based wallet that allows the collection of in-game NFT and other collectibles.
The company has existed since 2009 and has been developing gaming software for over a decade. In 2018, they launched the Enjin Coin (ENJ), which is used to support 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 your NPTs. The wallet also supports Ethereum, Bitcoin, Litecoin, and over 50 other ERC-20 tokens.
One of the unique features of Enjin Wallet is its “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. Overall, Enjin Wallet is a great option to store and manage your NPTs.
Choosing the best NFT portfolio
The best NFT wallet for you will depend on your needs and preferences. If security is your main concern, then a hardware wallet like the Enjin would be a good choice.
However, if you need a wallet that is easy to use and with built-in exchange features, then a web-based wallet like the Trust Wallet would be a good choice.
And if you need a mobile wallet that is easy to use and supports multiple currencies, then Coinbase, MetaMask, and AlphaWallet would be a good choice.
Once you’ve decided on the type of wallet you want, you’ll need to consider how and where you’ll access your NFTs.
If you are going to use them for online gaming or on different NFT marketplaces, you will need to make sure that your wallet is compatible with those platforms.
For example, the MetaMask Wallet is compatible with Opensea, Rarible, SuperRare, etc. The Trust wallet is NFT compatible on Binance Smart Chains and Coinbase is compatible with Opensea, Rarible and Gotchiverse.
Learn more about NFT markets in our comprehensive guide where we compare the 10 largest NFT markets of 2022.
Also you should consider how easy it is to use your wallet and how user-friendly the interface is. The best wallets are those designed to be as user-friendly as possible so that even beginners can easily use them.
Risks associated with using NFT portfolios
There are some risks associated with using NFT wallets, but they are generally much less. The biggest risk is that if you lose your private keys or password, you will lose access to your NFTs. And when using an online wallet, your NFTs could be hacked if the website is not secure. This is why it is important to choose a reliable and established wallet provider, preferably a cold hardware or wallet.