If you want to collect non-fungible tokens or invest in them, you will need a wallet that supports NFTs (non-fungible tokens). A cryptocurrency wallet that supports the underlying blockchain protocol that NFTs are built on is referred to as an NFT wallet.
Additionally, it needs to be able to support the currency that you’ll use to buy NFTs, such as Ether (CRYPTO:ETH). Because the Ethereum blockchain is used by the overwhelming majority of NFTs, the vast majority of Ethereum wallets will be functional.
However, some wallets stand out from the rest more than others. The following is a rundown of the top non-fiat currency wallets, along with some tips on how to select the right one for your needs.
Best NFT wallets in 2022
For storing cryptocurrency, Metamask is a top choice. It’s a browser add-on that makes it simple to visit web3 sites like NFT marketplaces. If you want to keep your NFTs separate from your cryptocurrency holdings, Metamask makes it simple to create numerous addresses, or you can create a unique address for each NFT you buy.
In the year 2020, ConsenSys, the firm behind Metamask, developed a mobile app. The wallet’s smooth synchronization across its desktop and mobile versions means that you never have to worry about losing track of your funds. The NFT marketplaces and dApps can be accessed through the mobile app’s built-in browser.
Metamask includes a currency exchange tool that can be used if you need to convert funds before purchasing an NFT. You can control the amount you spend on gas, but remember that any purchase could fail. In the event that you need to use a different blockchain, Metamask has your back.
When looking for an alternative to Metamask, Math Wallet is a great choice. One of its main selling points is that it is compatible with more than seventy different blockchains. It has various integrations with hardware wallets and includes web, desktop, and mobile wallet versions that sync across devices. With Math Wallet, you can make several different addresses.
If you want to check out NFT marketplaces, Math Wallet offers a built-in dApp browser that will let you do just that. It offers its own utility token in addition to supporting things like staking and trading that cryptocurrency holders will find useful.
The AlphaWallet cryptocurrency wallet is available for anybody to use. Though it has several restrictions (it’s mobile-only and Ethereum-only, for example), its native support for blockchain games and NFTs makes it stand out.
Because of its straightforward design, even complete novices should have no trouble picking it up. There’s a special place in the wallet for NFTs and gaming tokens. Meta tags can be added to tokens for easy searching and filtration.
AlphaWallet is compatible with a wide variety of NFT marketplaces and blockchain games, including OpenSea, CryptoKitties, Dragonereum, and ChainZ Arena. There is a built-in dApp browser, similar to those found on other platforms, for discovering other NFT marketplaces and gaining instant access to DeFi applications like Compound.
Binance operates the highly regarded mobile-only wallet Trust Wallet. While it does support Ethereum and other blockchains, it has a strong preference for smart chain tokens due to its affiliation with Binance. However, as Trust Wallet is preconfigured for BEP tokens, it may be the ideal solution if you’re interested in NFTs on the Binance smart chain.
Trust Wallet, like many other wallets, features a dApp browser for finding NFT marketplaces, simplifying the process of buying NFTs from within the wallet. To facilitate the exchange of NFTs, it has an integrated exchange that can be used to quickly and conveniently convert between other currencies.
Common knowledge has it that Coinbase (NASDAQ:COIN) is a popular cryptocurrency exchange. In addition, it provides a secure wallet that can be used to store NFTs and other tokens. The Coinbase Wallet allows the user complete control over their cryptocurrency, unlike Coinbase’s exchange.
In 2021, Coinbase released a browser extension, simplifying the process of using the wallet on many devices to buy NFTs and access other decentralized applications. The mobile wallet’s in-built web browser also provides users with access to decentralized applications.
Because it uses usernames rather than public wallet addresses, Coinbase Wallet has the distinct advantage of making it simple to send tokens to other people. The ability to verify the recipient’s identity before delivering funds can add a human touch to the transaction and provide you peace of mind.
A user’s private keys can be backed up to their own cloud storage with a single click on Coinbase. That way, you can safeguard your NFTs and other wallet assets from being compromised.