8 Best NFT Wallets

How NFTs Conquered the Cryptocurrency Space

A non-fungible token represents real-world objects such as art, music, videos, and other media. It is designed to be a unique or highly limited work. It can be bought and sold online with cryptocurrency.

NFTs have captured the public's imagination like few other things. And cryptocurrency enthusiasts are not the only ones interested in NFTs. Over the past two years, the term NFT has fully entered common vocabulary.

The NFT market has experienced remarkable growth over the years. In 2021, there was a significant surge in sales volume, with digital art becoming increasingly prevalent in households. The period between 2019 and 2020 was particularly significant, as the market capitalization of NFTs increased tenfold, reaching approximately $340 million.

Further growth was recorded in 2022, with the NFT market reaching its highest trading volume since June of that year. Additionally, the number of NFT sales skyrocketed, registering a 42% increase compared to the previous month and totaling 9.2 million sales. In 2023, this momentum continued, with revenue reaching $1,681.00 million. This demonstrates the sustained interest in digital collectibles and the expanding ecosystem of NFT platforms and marketplaces.

The Rise of Blue-Chip NFTs: A New Era for Art and Portfolios

The art world is constantly evolving. During the Renaissance, the world's most famous paintings typically depicted religious scenes. Wealthy families or the Catholic Church owned them.

Modern artist Andy Warhol sold his first paintings for the modest sum of $100. In 2013, $105.4 million was the price of the most expensive work. NFTs can be seen as an extension of this philosophy. What is considered art and of great value is constantly changing!

CryptoPunks, Art Blocks, Bored Ape Yacht Club, and Cool Cats are so popular and expensive that they have entered pop culture and are considered blue-chip NFTs. Furthermore, traditional investment firms recommend their clients purchase them. NFTs constitute 5-10% of the entire portfolio of many cryptocurrency investors.

Leonardo da Vinci's Mona Lisa disappeared in 1911. Since then, security measures for great works of art have improved. The world's art masterpieces are kept under lock and key. Similarly, NFTs should receive the same treatment from their owners. With NFT wallets, it is possible to better preserve NFTs. This parallel between traditional art security and digital asset protection highlights the importance of proper storage solutions for valuable NFTs.

Let's see how to safeguard your valuable digital assets by examining the different types of wallets compatible with NFTs.

Protect Your NFTs Using Different Wallet Options

Considering the likely value of an NFT collection, it is important to protect it. You should definitely consider the best NFT wallets that do this.

NFT wallets allow you to store NFTs or cryptocurrencies in a single location. These wallets allow you to receive additional assets and purchase digital assets. NFT wallets are designed to store purchased or minted NFT art. Additionally, an NFT wallet does not actually hold assets in a digital copy of a bank account.

In fact, the wallet only stores information related to the blockchain location of your assets. To access your wallet or to have something sent to you, you have a private key and a public key. Therefore, you will need to search for the best NFT wallet suitable for your needs. Understanding the technical aspects of how these wallets function is crucial for making an informed decision about which solution best fits your security and usability requirements.

Top 8 NFT Wallets

The NFT wallet market is growing. It is important to remember that choosing an NFT wallet should only be done after adequate research. Do not simply download any wallet you come across online.

We have compiled 8 NFT wallets that ensure the presence of all the features described above. Each of them has developed a good reputation in the cryptocurrency community. These wallets have been tested by millions of users and have proven their reliability in securing digital assets.

1. MetaMask

MetaMask is undoubtedly one of the most popular cryptocurrency wallets. This browser extension allows you to seamlessly access and store NFTs, monitor markets, and more. MetaMask also stores multiple addresses, so you can create an address for each NFT purchased.

MetaMask allows you to create an Ethereum wallet that can be used to connect to all EVM-supported platforms for minting and exchanging these tokens. At the time of writing, it is the best NFT wallet in terms of ease of use, via browser access.

Who's Behind It?

ConsenSys Software Inc. developed MetaMask, a web-based software company that focuses on Ethereum-based tools. Aaron Davis founded MetaMask, the browser extension that allows you to run Ethereum DApps directly in your browser. The company has received significant backing from the blockchain community and continues to innovate in the Web3 space.

Features Offered

MetaMask allows users to securely connect to decentralized apps through a compatible browser or the integrated mobile browser. The advantage of MetaMask is that users can explore DApps on Ethereum platforms without having to run a full Ethereum client, a node, or any other DApp. This significantly lowers the barrier to entry for users new to the blockchain ecosystem.

Supported Blockchains

MetaMask can be used both as a browser extension and as a mobile application to interact with the Ethereum blockchain and any other Ethereum-compatible network, such as Polygon, Arbitrum, and Optimism. This multi-chain support makes it versatile for users who want to explore different blockchain ecosystems.

Advantages and Disadvantages

The advantages of using MetaMask far outweigh the disadvantages. First, MetaMask is easy to set up. Transactions are synchronized between web and mobile extensions. MetaMask mobile has an integrated web browser for NFT and DeFi applications.

Furthermore, it is easy to change ETH addresses or transfer ERC-721 tokens directly in the MetaMask app. Finally, this is one of the few NFT wallets that allows users to swap ETH tokens. Celebrities like Madonna and Marshmello own NFTs relevant to the Ethereum ecosystem, making MetaMask one of the preferred NFT wallets among celebrities.

There are also potential downsides to consider. There are many fake MetaMask applications in circulation, so caution is necessary. Users should always download from official sources and verify authenticity.

2. ZenGo

ZenGo is a secure and easy-to-use cryptocurrency wallet that can connect with all types of DeFi DApps and NFT markets. It is available on both Android and iOS. It features biometric protection and 3-factor recovery, one of which includes seamless private key setup.

What sets ZenGo apart is the inclusion of two secret mathematical shares instead of the private key. This innovative approach to security eliminates the single point of failure associated with traditional private keys.

Who's Behind It?

ZenGo was founded by Ouriel Ohayon, Tal Be'ery, and Omer Shlomovits, who serve as CEO, CTO, and VP of Research respectively. Advisory board members include Robert Cohen, Balaji Srinivasan, and Nuseir Yassin, bringing extensive experience from the tech and blockchain industries.

Features Offered

ZenGo also functions as a cryptocurrency interest savings account, where interest accrues daily for depositors and lenders. Through WalletConnect, you can connect to DeFi DApps, including the OpenSea NFT marketplace and The Sandbox metaverse. It also features biometric security and 3-factor authentication for top-tier security. The wallet's user interface is designed to be intuitive for both beginners and experienced users.

Supported Blockchains

It is one of the few NFT wallets to support Bitcoin, Ethereum, Dogecoin, Tezos, USD Coin, Tether, Shiba Inu, Polygon, Voyager, Alpha Finance, The Sandbox, and Decentraland. This broad support allows users to manage diverse crypto portfolios within a single application.

Advantages and Disadvantages

ZenGo's highlights are the cryptocurrency interest savings account and robust security mechanisms. WalletConnect is also useful, as it allows you to connect to the most popular DApps on the market.

Regarding disadvantages, some may find the list of supported assets lacking. Additionally, with the Solana-based Magic Eden NFT marketplace in full expansion, the absence from the list of NFT wallets for Solana sets ZenGo back somewhat.

3. Coinbase Wallet

Coinbase is best known for its role in assisting users with cryptocurrency exchange platforms. Coinbase Wallet, however, can also store NFTs or other tokens. Coinbase gives the user full control of their cryptocurrency assets. In general, it is easy to connect the wallet to the exchange account and transfer assets to the wallet.

Currently, Coinbase's NFT wallet rivals MetaMask as the most popular and highest-rated wallet of this type. This NFT wallet is the best overall at the time of publication.

Who's Behind It?

Coinbase is one of the leading cryptocurrency exchange services. Brian Armstrong, a former Airbnb engineer, founded Coinbase in June 2012. The company has grown to become one of the most trusted names in the cryptocurrency industry.

Coinbase Wallet allows users to take complete control of their digital art and cryptocurrencies by securely storing them on their own devices. Coinbase states that it does not own the assets placed in the wallet, ensuring true self-custody for users.

Features Offered

Coinbase Wallet is available to all platform users. In the desktop version, users can access a tab that allows them to view NFTs associated with their wallet address. If you are looking for NFT wallets for Solana, Coinbase is the right one. It announced the integration of the Solana ecosystem in March 2022.

Furthermore, Coinbase Wallet now displays token balances across all supported networks, such as Arbitrum, Avalanche, Binance Smart Chain, Fantom, and Optimism. This multi-chain visibility provides users with a comprehensive view of their digital asset holdings.

Supported Blockchains

The in-app exchange of Coinbase Wallet supports assets stored on the Ethereum blockchain. At this point, EVM-supported assets can be used for crypto-to-crypto conversions. The wallet continues to expand its blockchain support to meet user demands.

Advantages and Disadvantages

Coinbase Wallet seems to have more recommended features than problems. The wallet can be connected directly to your Coinbase.com account. Additionally, the interface is simple and easy to use. Furthermore, it is one of the most active NFT wallets, thanks to its undisputed popularity.

You can transfer tokens using your username, even if you do not have a public address. Additionally, you can back up all your private keys to ensure your NFTs remain safe.

The main disadvantage is related to supported blockchain networks. Coinbase Wallet contains only Ethereum-based NFT tokens, which may limit users interested in other blockchain ecosystems.

4. AlphaWallet

Alpha Wallet positions itself as one of the best solutions for those who want to invest in Ethereum-backed tokens. Alpha Wallet allows users to mint and invest in NFTs. It supports NFT marketplaces like ChainZ Arena and OpenSea. In general, the user interface is simple and minimalist, making it a safe choice for new users.

Who's Behind It?

A multinational team manages Alpha Wallet. Weiwu Zhang, Victor Zhang, and James Brown are the co-founders. Each of them has years of experience in the blockchain sector with altcoin projects, bringing diverse perspectives to wallet development.

Features Offered

AlphaWallet can support any token that depends on a smart contract. Actions that occur in the AlphaWallet interface, regardless of whether they are linked to a smart contract, are interpreted by TokenScript files and are not hardcoded.

The AlphaWallet website provides a wide range of open-source tools that can be used by investors, developers, businesses, and other interested parties. The integrated Web3 browser allows direct access to DApps, marketplaces, games, and other resources.

AlphaWallet offers a secure 12-word key. AlphaWallet also lists TokenScript-enabled tokens on its platform, which promises to provide a rich native experience to users. This innovative approach enhances the functionality and usability of tokens within the wallet.

Supported Blockchains

AlphaWallet offers native support for Ethereum-based NFTs, focusing on providing the best experience for this dominant blockchain ecosystem.

Advantages and Disadvantages

AlphaWallet offers several advantages. It supports Ethereum-based NFTs, the most popular digital tokens. The platform is easy to use and developers promise improvements in the near future. It is one of the most reliable browser-based NFT wallets.

There are also some disadvantages worth mentioning. The wallet only works on a mobile device. Additionally, it does not include non-ETH NFTs, which may be a limitation for users interested in multi-chain NFT collections.

5. Enjin Wallet

Enjin positions itself as one of the leading companies in the growing sector of gaming NFTs. Enjin Wallet facilitates the collection of NFTs and other collectibles that are used as game items. The platform also has its own marketplace where you can trade digital assets using Enjin's token, ENJ. The platform includes easy-to-use features, a well-designed user interface, and early access to various DeFi apps.

Who's Behind It?

Maxim Blagov and Witek Radomski are the founders of Enjin. Their goal is to create a modern gaming platform focused on the cryptocurrency community. Enjin launched an initial coin offering in 2017, raising approximately $18.9 million through the sale of ENJ tokens. The company has since become a major player in the blockchain gaming space.

Features Offered

Enjin Wallet's user interface is one of the platform's main attractions, thanks to its ease of use and seamless design. Enjin has a fingerprint scanner that ensures greater security for its users.

Enjin's long list of features includes local currency, multilingual interface, zero ads, and trackers. Both beginners and experts can use Enjin Wallet. The application also includes a fee calculator that allows you to calculate and limit fees, helping users optimize their transaction costs.

Supported Blockchains

Currently, Enjin exclusively supports Ethereum-based NFTs, focusing on providing the best experience for this ecosystem.

Advantages and Disadvantages

Enjin has a number of interesting features. The platform is beautiful and simple to use. The designated Enjin marketplace can include the native token. Customer support is included. Enjin's shortcomings concern its exclusive mobile accessibility. It only features Ethereum-based NFTs, which may limit users interested in other blockchain ecosystems.

6. Trust Wallet

A leading exchange platform owns Trust Wallet. It is one of the NFT wallets that can boast a large user base. It is a popular wallet with over 5,000,000 users. Despite being used for other purposes, it is one of the most active NFT wallets.

Who's Behind It?

Viktor Radchenko is the founder and CEO of Trust Wallet. Officially, a leading exchange platform – one of the world's major exchange services – assists in the administrative and marketing areas of the company's operations.

Features Offered

While the wallet is a great way to store and manage tokens, Trust Wallet cannot be used for transactions. It may not be the best choice for those who want to trade or transfer assets without going through an exchange platform.

On Trust Wallet, you can find a list of decentralized apps for art marketplaces that allow one-click access to sites like Axie Infinity and OpenSea.

Similar to other best cryptocurrency wallets for NFTs, Trust Wallet offers a DApp browser. This makes it easy to access NFT applications with a few clicks. Trust is one of the best and most Solana-compatible NFT wallets.

Supported Blockchains

Native integration is available for chains like Binance Smart Chain and Ethereum Classic. The company promises further integrations with blockchains, allowing storage of NFTs relevant to other ecosystems, including Solana. This expanding support enhances the wallet's versatility.

Advantages and Disadvantages

Essentially, Trust Wallet is a good storage option for digital assets. A smooth graphical interface interprets and beautifully displays your NFTs. This wallet supports multiple blockchains. It is useful both as a DeFi wallet and as a crypto wallet.

The disadvantages are also evident. It is only available on mobile devices, which may be a limitation for users who prefer desktop access.

7. Math Wallet

Math Wallet promotes itself as one of the options similar to MetaMask. It supports more than 65 public blockchains. It is gaining a lot of popularity and is considered by some to be one of the best NFT wallets.

Who's Behind It?

Eric Yu founded Math Wallet in 2017, bringing vision and expertise to create a multi-chain wallet solution.

Features Offered

Math Wallet supports more than 65 blockchains. In addition to various versions, it can be integrated with multiple hardware wallets. Users can also create multiple addresses.

The integrated DApp Browser allows users to view NFT markets and provides functions such as interest, swapping, etc. Math Wallet also has its own utility token, which can be used within the ecosystem for various purposes.

Supported Blockchains

Math Wallet supports 65 public blockchains, making it one of the most versatile multi-chain wallets available.

Advantages and Disadvantages

Math Wallet is gaining popularity thanks to the number of features it is including. The main strength of Math Wallet is native support for numerous blockchain networks. The wallet also has a classic option for cryptocurrency exchange and allows easy access to DApp stores.

The negatives are related to the project's growth. Various features are still being advertised. Additionally, the interface has contained bugs at various points in its development, which may affect user experience.

8. Coinomi

Coinomi presents itself as a multi-chain and security-oriented wallet. Both mobile and desktop versions exist. It offers native support for 125 blockchains.

Who's Behind It?

George Kimionis created Coinomi in 2014 to provide secure solutions for blockchain applications. Coinomi's initial funding round was launched in July 2021, led by Vertex Ventures, bringing additional resources for development.

Features Offered

Coinomi has SegWit support and provides 168 fiat currency representations that can be read in 25 languages. Integrated exchanges can help instantly swap supported assets. Coinomi offers multi-seed support, including custom and dynamic mining fees, and allows users to interact with DeFi apps. Additionally, there are no transaction fees, making it cost-effective for frequent traders.

Supported Blockchains

Coinomi offers native support for Bitcoin and many other alternative coins. Officially, it helps integrate 125 blockchains, providing extensive multi-chain functionality.

Advantages and Disadvantages

Coinomi has high security credentials. It also stands out for the number of blockchain networks it integrates. There are no fees. This is of great help to frequent NFT buyers and sellers.

The platform is not regulated. The platform does not support fiat currency, which may disturb some users who wish to use the exchange option directly within the wallet.

How to Choose the Best NFT Wallet

Now that we have examined the features of the 8 best NFT wallets, how do you choose? The best way to decide which NFT wallet to use is to ensure that the one chosen addresses some essential aspects.

The wallet must ensure the security of your assets. It must be easy to use and compatible with your devices. To get the best from your wallet, you must consider its presence on different platforms.

Most NFTs support Ethereum due to its popularity among developers and the industry. If you wish to purchase NFTs on different chains, you will need a wallet compatible with these chains and their properties. Understanding the technical requirements of different blockchain ecosystems is crucial for making an informed decision.

If the wallet you are about to choose meets these needs, you should feel comfortable using it. Consider factors such as customer support, community reputation, and the wallet's track record in security.

What Are the Best NFT Wallets?

The NFT market will become increasingly important, demonstrating steady growth. Despite fluctuations in sales volumes, the number of active NFT wallets is increasing, highlighting the sector's resilience. Technological advancements continuously improve the most popular NFT wallets, such as MetaMask and Coinbase Wallet. Each wallet presented here has distinct advantages, and by carefully evaluating its features, you can make an informed and seamless decision to securely manage your NFTs.

The evolution of NFT wallet technology continues to address user needs for better security, improved user experience, and broader blockchain compatibility. As the NFT ecosystem matures, these wallets will play an increasingly critical role in facilitating the safe storage and transfer of digital assets. Whether you are a collector, investor, or creator, selecting the right NFT wallet is a fundamental step in participating in this revolutionary digital economy.

FAQ

What is an NFT wallet? How does it differ from a regular cryptocurrency wallet?

An NFT wallet is a cryptocurrency wallet designed specifically for storing and managing non-fungible tokens (NFTs). Unlike regular crypto wallets that hold fungible cryptocurrencies, NFT wallets support unique digital assets such as digital art, collectibles, and other one-of-a-kind items on the blockchain.

What are the important features and characteristics that an NFT wallet must have?

An NFT wallet must support secure asset storage, multi-chain compatibility, seamless transaction management, intuitive user interface, integration with major NFT platforms, and robust private key management for complete ownership control.

Which is more suitable for storing NFTs, hot wallets or cold wallets?

Cold wallets are more suitable for long-term NFT storage as they remain offline, providing superior security. Hot wallets are better for short-term trading and frequent transactions.

How to safely select and use NFT wallets?

Choose reputable wallets like MetaMask, Coinbase Wallet, Ledger Nano X, or Trust Wallet with strong security features. Always backup your recovery phrase offline, enable security features, verify official URLs to avoid phishing, and never share private keys or seed phrases with anyone.

What blockchain networks do different NFT wallets support?

Popular NFT wallets support multiple blockchains including Ethereum, Binance Smart Chain, Polygon, Optimism, Klaytn, and xDAI. Different wallets offer varying network compatibility, with some supporting Bitcoin and layer-2 solutions for enhanced functionality and lower transaction costs.

How should private keys and seed phrases for NFT wallets be safeguarded?

Store private keys and seed phrases offline in a secure physical location such as a safe deposit box or hardware wallet. Never save them on internet-connected devices, cloud storage, or email. Keep multiple backup copies in different secure locations to prevent loss.

What fees do I need to pay when trading with NFT wallets?

NFT wallet transactions require blockchain network fees (gas fees). Costs vary by network: BSC charges approximately 0.005 BNB, Ethereum around 0.001 ETH. Additional minting fees may apply when creating NFTs. Exact fees depend on network congestion and transaction complexity.

What are the advantages and disadvantages of popular NFT wallets like MetaMask and Trust Wallet?

MetaMask excels in Ethereum ecosystem with advanced features but limited blockchain support. Trust Wallet offers broader multi-chain compatibility, simpler interface, and superior NFT management. Both are secure and non-custodial; choose based on your blockchain needs and technical preference.