With the growth in popularity of NFTs (non-fungible tokens), there is also an increasing need for NFT wallets. Many of these wallets are popping up, including many decentralized wallets, but how do you know which one to use?
As long as your chosen NFT wallet is compatible with the NFTs you own or plan to own, you are free to choose any that you want. That being said, some tend to be better for others. We’ve gathered the top wallets for NFTs, depending on your ideal use case. This will help you choose based on the features you want or other things you plan to do with your chosen decentralized wallets.
Why Do You Need Different Types of Wallets for NFTs?
The question many people have is why they need more than one NFT wallet. There are a few reasons for this, but the main answer is the same reason that you may need multiple cryptocurrency wallets. NFTs can use different blockchains, and each of those blockchains will typically need a different wallet.
On top of that, it is very common for NFT projects, especially smaller ones, to just be compatible with one or two wallets. This makes it much easier for them from a development perspective, as they don’t have to dedicate as many resources to wallet support. Instead, they can focus on creating the NFTs and ensuring those NFTs meet their goals and purposes.
There’s also the fact that the world of NFTs is still new. Because of this, there are many wallets worthy of consideration and not necessarily a best one. While we’ve gathered the top options, there are still more than one on our list. As such, you may prefer to try a few of them and see which one you like the most.
Best NFT Wallets
Remember that, like traditional cryptocurrencies, you need to store NFTs in a wallet. You can typically only store your NFT collectibles in a wallet. (There are exceptions for exchanges and other similar platforms).
MetaMask Wallet for DeFi & NFTs
The short answer to whether MetaMask can hold NFTs is yes. In fact, it is one of the best options for NFT wallets, especially if you are also interested in decentralized finance (DeFi). MetaMask is one of the best-known decentralized wallets, and it began as a browser extension. Over the years, it has expanded and now also offers a mobile version.
MetaMask works well with Ethereum and offers several crucial benefits for NFTs and other cryptos. It is easy to set up, and you can easily access and synchronize your transactions between your mobile device and the web extension. The mobile version even has a built-in browser that lets you explore NFTs as well as DeFi applications.
Coinbase Wallet for Day Trading & NFTs
Coinbase is another of the best-known and most popular decentralized wallets, as well as one that supports NFTs. Coinbase is a particularly popular option if you also want to day trade, as that is what the wallet is primarily known for. That is because Coinbase is an exchange as well as a wallet.
Coinbase is also very beginner-friendly. Part of this comes from the way that Coinbase lets you send and receive NFTs using usernames. By contrast, most wallets require you to use a public wallet address.
This reduces the learning curve for using Coinbase, as most people are familiar with sending fiat transactions to people by email address or username.
Beginners will also appreciate the mobile app, which is also user-friendly and supports day trading in addition to NFTs.
One of the best things about Coinbase is that this is one of the NFT wallets with support for a long list of blockchains. You can use it for Bitcoin, Stellar Lumens, ERC-20 tokens, Ripple, Litecoin, and more.
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AlphaWallet for Privacy & NFTs
If you want an NFT wallet that not only holds your NFTs but maximizes your privacy while doing so, turn to AlphaWallet. This is an open-source wallet that uses Ethereum as its basis. It lets you mint NFTs as well as collect them. Privacy comes from the fact that the wallet doesn’t collect personal data or require a KYC process.
It supports many of the biggest names in NFTs, such as CryptoKitties, OpenSea, and ChainZ Arena. AlphaWallet is also compatible with every in-game Ethereum-based asset.
The only caveat with AlphaWallet is that it is only offered on mobile. That being said, their website is still very useful, especially for developers, businesses, or art creators who want to take advantage of tokenization.
The wallet also has a built-in web3 browser that makes it easy to explore other decentralized apps and DeFi applications.
Enjin for Quick Start
For those who want an NFT wallet that they can start to use quickly, Enjin is an excellent choice. It lets you collect collectibles, including in-game NFTs. You can also hold cryptocurrencies in addition to NFTs.
An extra feature that makes the Enjin wallet particularly useful is the marketplace that lets you trade digital assets using ENJ, the native token. Enjin also has a very nice user interface and a great customer support desk.
Like many of the other NFT wallets on this list, Enjin also delivers one-click browser access to various DeFi applications and other decentralized apps.
Trust Wallet for Easy Use
Another great choice for your NFTs is Trust Wallet, thanks to its support for NFTs and easy use. This mobile wallet has over 5 million users, and it does more than just store your NFTs. It also features a list of decentralized applications for art marketplaces. This means you get one-click access to OpenSea, Axie Infinity, and more.
There is also native integration for Binance Smart Chain and Ethereum Classic. The first of these isn’t surprising, as Binance owns Trust Wallet.
Can I Receive NFTs on Trust Wallet?
The only caveat to keep in mind is that Trust Wallet does not let you transfer NFTs. That being said, it is great for storage, and you get one-click access to marketplaces that let you transfer them.
There is a plethora of NFT wallets to choose from when it comes to storing these tokens. All of the wallets listed above offer security and ease of use. You just have to see which ones are compatible with your NFTs and decide what features and characteristics are the most important to you.