The rise of non-fungible tokens in 2021 has made people more curious about them. While NFTs were already known in 2020, the concept began making headlines once a digital artist sold his NFT for $69 million. Events like these made NFT sales reach $2.5 billion dollars in the first half of 2021, a number that was only $13.7 million in the first half of 2020.
As it’s apparent, lots of people are already becoming millionaires trading NFTs. And if you’re looking to onboard the bandwagon to buy and sell valuable NFTs, the first step to do that is getting yourself an NFT wallet.
In simple words, an NFT wallet is a cryptocurrency wallet that helps you store your cryptocurrency and NFTs in one place. It is essential for wallets to support blockchain protocols. To help you choose the right one, we’ve talked about some interesting options ahead.
Best NFT Wallets – Top List
- Best Wallet
- XDEFI
- Coinbase
- Alpha Wallet
- MetaMask
- Trust Wallet
- Enjin
- Math Wallet
Best NFT Wallets – Full Guide
Since now you know about how to select the right wallet, let us look into some of the best wallets for NFTs that are out there. In the last two years, with the rapid rise of non-fungible tokens, a list of wallets have sprung up with notable features.
While most of them carry sets of functions that you might find suitable, there are some that stand out from the rest. We’ve curated a list of the best NFT wallet platforms, explaining their functionalities and letting you know about every important aspect in detail.
1. Best Wallet
At the number one spot, we have a Web3 wallet known as Best Wallet. Utilizing AI-powered chatbot technology, this wallet uses a wide array of tools to help users navigate the crypto space. It has multi-chain support, allowing users to buy, sell, store, and trade NFTs belonging to multiple blockchains.
The platform also offers robust security features such as multi-factor authentication, biometric identification, and advanced cryptography to keep the assets secure.
The platform securely covers each and every aspect of the Web3 ecosystem. And one of the major advantages of this application is that you would have early access to some of the leading crypto presales.
The key feature of this platform, however, is the next-gen AI chatbot. It is an OpenAI-powered chatbot that gives users instant access to crypto-related topics. It also delivers personalized portfolio insights and platform navigation assistance. And since the chatbot learns and improves, it helps users make informed investment decisions.
Best Wallet also has a native crypto, known as $BWAT, that gives users access to exclusive token benefits. These include NFT drops, zero gas fees, special voting rights, and access to other exclusive perks.
Pros
- Supports multiple blockchains
- Offers a secure way to buy, sell, store, and trade NFTs
- AI Chatbot enabled – offers insight into crypto-related topics
Cons
- No information available about fiat-to-crypto conversion
2. XDEFI Wallet
XDEFI Wallet has emerged as the NFT wallet of choice for collectors seeking a seamless and integrated NFT experience, as it boasts decentralized, cross-chain compatibility.
In addition to being able to manage over 9,000 cryptocurrencies directly within the wallet itself, an XDEFI Wallet user can also view, store, and receive NFTs from multiple blockchains, including Ethereum, Polygon, Binance Chain, Avalanche and Terra (with support for NEAR/Aurora, Solana, and Fantom coming soon).
The key step up that XDEFI Wallet holds over other NFT wallets is that with XDEFI Wallet, all NFTs from five blockchains are presented as viewable in one simple-to-use, customizable panel. There is no need to shuffle back and forth between different tabs or pages to view your blockchain-discrete NFTs, for they all reside in the one easily manageable gallery.
To further ease navigation of the NFT world, XDEFI Wallet connects seamlessly to the major NFT marketplaces, including OpenSea, Rarible, RandomEarth, and others. Additionally, all web3 dApps that connect to Metamask are also compatible with XDEFI Wallet.
Currently available as a Google Chrome extension (with a mobile app and web apps coming soon), the non-custodial XDEFI Wallet utilizes the high level security measures of a private key protected by a seed phrase and password. This design feature ensures that all of your assets remain under your full control, and that your assets are as safe as they possibly can be.
In conclusion, for NFT collectors that regularly engage across multiple blockchain and NFT platforms, XDEFI Wallet will serve all your needs in a most intuitive and secure way.
Pros
- One wallet for 11 blockchains
- One panel view for all NFTs
- Non-custodial and anonymous
Cons
- Currently web extension only (mobile app and web app coming soon)
3. Coinbase NFT Wallet
The Coinbase NFT wallet has gathered popularity amongst enthusiasts, developers, and novices alike as the preferred wallet for their transactions.
What we have figured is there are a number of factors making it the preferable wallet in this list. The Coinbase wallet allows you to stay in total control of your NFTs, as you don’t hold them on the exchange, but in your Coinbase wallet. This allows your tokens to be relatively secure. Coinbase can be a preferred wallet for beginners due to its extremely simplified user interface.
Apart from the ease of usage, the ease of transferring the tokens makes it stand out. Instead of a public wallet address, the tokens are transferred from one username to the other. This makes the transactions seem more human and personalized, hence reducing the chances of errors. Adding to the user experience is the multi-platform usage available for the wallet.
While users can access the wallets through dApps, Coinbase released a web browser extension in 2021.
The Coinbase wallet also offers you a one-click cloud backup for your private keys, allowing you to store your private keys in your personal cloud. You can create your account on Coinbase by clicking here.
Pros
- Easy to use
- Simple set up
- Multi-platform accessibility
Cons
- Some users might have concerns regarding privacy, due to the username model in place.
4. AlphaWallet
Alpha Wallet might be the go-to NFT wallet for you, in case you are someone looking to invest in Ethereum-backed tokens. It gives you the option of minting and collecting NFTs and supports a handful of NFT markets and games like ChainZ Arena, OpenSea, CryptoKitties, and more. Its UX seems to be quite minimal and user-friendly at the same time, giving it a fresh look.
While the easy interface, might make it a popular wallet among beginners, its mobile-only availability makes it annoy some of the users. However, what makes up for it is the fact that the AlphaWallet website offers a list of open-source tools for a large set of people, including businesses, developers, and investors alike. One can directly access the dApp, marketplaces, games, and everything else right from the i-built Web3 browser.
In order to enhance the user experience and provide security, AlphaWallet provides a 12-word secure key backup, management, and recovery. It uses Secure Enclave to keep the transactions secure. Adding on to the list of major USPs is the fact that AlphaWallet lists TokenScript enabled tokens on its platform allowing a rich native experience to the users.
Pros
- Native support for ETH based NFTs
- Easy to use
- Under development. Scope for improvement in the near future
- Web3 browser for exploring dApps and DeFi applications.
Cons
- Mobile-only
- No other crypto-based NFTs
- Available only on mobile
5. Metamask
Next on our list comes Metamask. The wallet has been able to cement its place as one of the top NFT wallets in recent years due to a number of factors. The wallet is maintained and operated by Ethereum-foundation backed organization, ConsenSys. Metamask can help users in creating an Ethereum wallet, connecting directly with all Ethereum-backed and supported platforms.
The simple interface helps users collect tokens while interacting with other decentralized applications.
What started as a browser extension, has been able to transform its presence by providing multi-platform access to its users through a mobile application. MetaMask launched its mobile application in the year 2020. The mobile application allows you to seamlessly sync all your holdings.
One can also access dApp and other NFT marketplaces through the app’s built-in browser.
The most interesting feature of Metamask is its built-in swap feature that allows you to swap currencies to buy an NFT. Moreover, the user also gets an option to limit how much they pay in gas fees while transacting.
While the application is primarily Ethereum-based, there are options to use alternative platforms.
Pros
- Easy to set up
- Synchronized transactions across web and mobile
- In-built extension to access dApp
- Built-in swap feature
Cons
- Primarily compatible with Ethereum-based tokens
- Users have complained about long loading periods, at times
- Fake Metamask apps are a cause of concern for many users
6. TrustWallet
A popular mobile-only owned by Binance, Trust Wallet is a few of the NFT wallets that can brag about its userbase. With over 5 million users, it is definitely one of the most popular NFT wallets out there.
While the wallet might be a great option for storing and managing your tokens, you can’t transact through Trust Wallet. This might not make it the best option for someone looking to swap or transfer their assets. Being owned by Binance, it might be slightly inclined towards smart chain tokens.
Users can discover a list of decentralized apps for art marketplaces to ensure one-click access to sites such as Axie Infinity, OpenSea, and others.
But, one also gets native integration for chains like Ethereum Classic and Binance Smart Chain. Moreover, its built-in exchange allows users to easily swap currencies to buy their desired artworks through the wallet itself.
Like the few other best crypto wallets for NFTs stated above, this one also provides a dApp browser, providing easier access to NFT applications in a few clicks.
Pros
- User-friendly interface
- Native integration for Binance smart chains
- In-built cryptocurrency exchange feature
- Compatibility with numerous blockchain networks
Cons
- Mobile-only application
- Might feel a little Binance inclined to some users
7. Enjin
If you’re someone who’s into NFT-based gaming, Enjin might be the wallet for you. Apart from being a wallet, it has its own token called $ENJ.
Enjin allows you to collect in-game NFTs and other collectibles with ease. Furthermore, Enjin also features a marketplace within its own ecosystem where you can trade digital assets through Enjin’s own token, i.e. ENJ. Adding to it is the existence of easy access to DeFi applications and an amazing UI.
Its UI has been a talking point for many due to its seamlessness and ease of usage. Enjin also features a fingerprint scanning feature providing enhanced security to its users.
Additional features like local currency, multilingual user interface, zero ads, and trackers really add to the long list of features for Enjin. These features make Enjin a wallet suitable for beginners as well as experts alike. A fee calculator present within the app allows you to calculate your own fees and set limits to it as well.
What makes Enjin stand out is the customer support desk available for its users, which is missing from the other wallets.
Pros
- Good user interface
- In-app marketplace
- Customer support desk feature
Cons
- Mobile-only
- Supports Ethereum-based tokens only
8. Math Wallet
Math Wallet is backed by Binance Labs and Alameda Research, which might even catapult it to one of the best NFT wallets out there really soon.
It is considered to be one of the closest alternatives to Metamask. It supports a list of more than 65 plus public blockchains. What makes Math Wallet a strong contender for the best NFT wallet crown is its easy accessibility along with its other features. Mobile applications, web browser extensions as well as a web wallet, happen to be accessible from everywhere.
Apart from the different versions it also has options to integrate with several hardware wallets as well. It has an option to create multiple addresses as well, adding to its list of features.
The built-in dApp browser enables users to view NFT marketplaces and also provides features for cryptocurrency holders like staking, swapping, etc. Math Wallet does have its own utility token as well.
Pros
- Native support for multiple blockchains
- Easy access to dApp stores
- Includes a swap feature for exchanging cryptocurrencies
- Enhanced security
Cons
- In the development stage, can be unstable at times
- Cluttered interface
- Still adding on features
How We Ranked The Best NFT Wallets?
Choosing the right wallet might seem easy, but can be a cumbersome task if you look at it closely.
Don’t go for any NFT wallet that you come across on the internet. There are a number of factors that are to be taken into consideration. Your wallet will be your primary gateway to all your investments. Primarily, the basis on which you select a wallet for yourself is to see if it supports the blockchain you’re looking to trade on.
Moreover, an NFT that supports your blockchain and helps you access a marketplace is something that you should look into.
So, when you are going to select the best NFT wallet for yourself, these are the things you should keep in mind.
Security: The wallet that you go for should be guarantee security for all your assets and NFTs stored in there.
User-friendliness: For your NFT wallet to be useful, it should be something that you can use easily and is compatible with you. Anything that is complicated or difficult to use, will deter your experience. Choose a wallet that provides easy sign-ups and a simple user experience.
Cross-Chain Compatibility: After the rise of NFTs, most of them support Ethereum, due to its popularity amongst developers and the industry alike. So, in case you want to buy NFTs that are on different chains, you need a wallet that’s compatible with those chains and their properties.
Multi-Device Usage: For you to get the maximum output out of your preferred wallet, you’ll have to look at its presence across different platforms. Most of the top NFT wallets provide a multi-platform presence for their users to access their investments.
Creators And Collectors: What Should You Look For in The Best NFT Wallet?
When it comes to choosing options amongst NFT wallets, it all boils down to how are you going to use your NFT wallet. Whether you are a creator or a collector? Choosing an NFT wallet for either of the two demographics is an element of several factors.
Creators: If you’re a creator who needs to get their art out there, you will need to be in constant connection with marketplaces like OpenSea, Rarible, Makers Place, etc.
Hence, going for an NFT wallet that provides easy access to these marketplaces can turn out to be beneficial for the creators. Apart from this, we’d suggest you should go for a platform that facilitates easier transactions for your collectors.
Being a creator involves, creating art pieces and uploading them on marketplaces. This involves the use of a desktop. Hence, it makes all the more sense to go for a wallet that supports browser extensions.
Our recommendations: Meta Mask, Math Wallet
Collectors: If you’re a collector that’s new in the game, the first concern for you should be to go for a wallet that’s easy to use and is compatible with your device.
Go for a platform that is secure, provides a decent user experience, and allows you to transact easily.
Our recommendations: Best Wallet, Enjin, CoinBase, Alpha Wallet will be our primary choices for collectors.
Irrespective of the fact, whether you are a creator or a collector, you will require access to cryptocurrencies to trade artworks on marketplaces. For this purpose, you can check out eToro to buy the crypto that your marketplace prefers and accepts.
However, if you are looking for a more modern, AI-driven wallet, Best Wallet is also a good option. This soon-to-be-released wallet is focusing on attributes that would make interacting with the crypto space easier.
Interested in Buying Or Creating NFTs?
The NFT ecosystem has systematically democratized the world for creators and collectors alike. With a relatively bullish year in 2020, the token economy might as well rise in the coming years. So, if you’re someone who’s looking to buy NFTs, this might just be the time to learn about the token economy and get into it.
Download one of the NFT wallet apps that you find the best according to your requirements, set up your account, add the required currency to your wallet and start trading. The primary experience of buying and selling NFTs on your own will help you get the gist of the market in a much better manner.
On the other hand, if you are an artist or a creator of any form, learning how to create and sell an NFT might come in handy for you and your creations.
Conclusion
NFT wallets can turn out to be an amazing invention in the near future. According to data, the number of active wallets reached 179,000 in October 2021, recording a 940% YoY surge. This does prove out to be in favor of a rather bullish NFT marketplace.
Being a new invention, these NFT wallets can turn out to be amazingly functional applications that conduct transactions in a jiffy. The thing about NFTs is they are still new and evolving. Hence, the opportunity to explore the NFT ecosystem becomes all the more interesting and insightful. This is what makes them interesting and democratizing at the same time.
Subsequently, in the near future, we might see more and more people entering the token ecosystem. This is bound to increase the demand for NFTs. Although, with added rewards comes a caveat.
Being a new platform and system, NFTs are still quite young to come into the mainstream or to get regulated. Therefore, before investing your funds into tokens, you should ensure that you take the best look at this new and emerging domain.
If you’re going to invest in NFTs through an NFT wallet, do ensure you keep the important factors in mind and invest strategically. Most of the wallets are secure to transact and store your artwork.
As we saw above, there’s no clear winner in the battle for the best NFT wallets, with each having its own upside and downside. Hence, the ones that work out the best for you are the ones you should choose. It’s that simple.
We recommend regulated cryptocurrency exchange eToro as a secure way to buy Ethereum to purchase NFTs with – they also offer the eToro Money wallet which supports 120+ cryptos and has an unlosable private key. And our other recommendation would be Best Wallet. It is an upcoming wallet with a wide array of beginner-friendly features.
Best Wallet - Manage Your Crypto
- Access DeFi and Web3 Dapps Across Multiple Chains
- Comes With Your Own OpenAI Powered Chat Bot Assistant
- Get Early Access to Upcoming Token Launches & ICOs
- Integrated Decentralized Exchange To Buy & Trade Crypto
- Store Crypto And NFTs With Industry Leading Security
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FAQ
Which wallet is best for NFTs?
As mentioned, the best NFT wallet is the one that helps cater to your requirements. Whether you're a creator or a collector, your requirement might differ. Hence, wallets with maximum capabilities as per your requirements.
Are NFTs a good investment?
NFTs have been launched recently and have caught up speed in the last two years. While it might not be completely safe form of investment, it can be worth a shot if you're looking to diversify your portfolio.
Can I use NFTs as an investment?
You can acquire NFTs and store them in your NFT wallet securely.
How much it costs to make an NFT?
Technically speaking, there is no cost involved to make an NFT. You might have to pay for gas fees and any other features if you're willing to make an NFT.
