While cryptocurrency wallets started as applications for sending and receiving cryptocurrencies, the rise of NFTs and DeFi projects has seen many wallets adapt and specialize in providing secure access to NFT users. A cryptocurrency wallet is an app that allows cryptocurrency users to store and retrieve their digital assets. It provides "private keys" or passwords that allow its holder to access funds and assets stored on the blockchain. So, if you want to start collecting NFTs, a wallet will be an essential tool to get started. Storing your NFTs correctly is paramount to escaping all forms of theft and other forms of scams. It goes beyond passwords and two-factor authentication, as you will need the right kind of NFT platform and crypto wallet to protect your assets.
In total, there are 2 main types: hardware wallet and mobile wallets. Each of them has its advantages and disadvantages and is therefore suitable for different types of people.
Which wallets are best for NFTs?
When choosing the best NFT wallet, you can choose between hardware or mobile wallet. Hang on, as we explore the best options together.
Trust Wallet
One of the best features of the Trust Wallet is that it’s a very beginner-friendly platform. Unlike some more-complicated wallets out there, Trust Wallet is going to be suitable for all beginner NFT collectors. If you’re new to cryptocurrencies and NFTs, this is a highly recommended option to start with. With this option, you can store a number of NFTs such as Solana, Ethereum, Polygon, and the Binance Smart Chain (BSC). However, Trust Wallet is only available on mobile devices (yes, that's right). You won't be able to use it on your browser or software on your PC or laptop. You can use NFTs with your Trust Wallet on iOS by connecting through Wallet Connect.
MetaMask
Created by Consensys and launched in September 2016, MetaMask is considered to be the best wallet for interacting with decentralized applications and the most popular wallet for buying and storing NFTs.
In itself, MetaMask is super simple to install and use. You can access it from your browser or download it as a mobile wallet. This simplicity is because, even if you're not a cryptocurrency enthusiast and have never heard of Ethereum, MetaMask will allow you to take it easy and learn the ropes at your own pace.
MetaMask also gives you access to a DeFi and NFT browser on your mobile device. This will allow you to stay on top of market trends, without the need to have your laptop with you or to use a default web browser.
One area in which MetaMask is lacking, however, is security. This is not all that surprising, given that it is a "hot wallet" - mobile and browser-based wallets will never outperform hardware wallets in terms of security. With MetaMask, however, this problem is even greater. In fact, of all the mobile wallets on the market, MetaMask is certainly one of the most plagiarized.
MyEtherWallet
With MyEther Wallet (MEW) you can view and manage all your collectibles domains in MEW’s NFTs manager. MEW supports other Ethereum-enabled networks, including Ethereum Classic (ETC), Binance Smart Chain (BSC), and Polygon, so users can manage assets beyond the main Ethereum network. It has seamless communication with smart contracts by occupying ERC-20 tokens. It's touted as one of the best wallets for storing digital assets online.
Enjin Wallet - Great for NFT Gamers
A decade ago, being a great gamer was not a profitable skill, but currently, it’s a cool way to earn money. There are games where you can earn NFT collectibles as rewards.
An amazing NFT storage option with specific designs for gamers is the Enjin wallet. With this option, you have no restrictions on using a particular cryptocurrency. With features like biometrics and auto-lock to boost security, Enjin will keep your NFT assets safe. It’s also important to mention that the Enjin wallet is also exclusive to mobile devices. You will not be able to download and use the wallet on your laptop or PC.
Coin 98 Wallet
The Coin98 mobile wallet makes it possible for users to send, receive and manage all their NFTs in one place, through an attractive UI. Users can now search, track and view NFT collections easily.
As long as you carefully keep your seed phrase, your NFT will be safe. Coin 98 Wallet provides a cosmos for safe, straightforward handling and storage of your own NFTs.
Hardware Wallet
A hardware wallet is the most secure option for storing NFTs because all your digital assets and NFT data are offline. It’s impossible to hack. If you’re looking to store NFTs for a long time wallet like Ledger Nano X might be your fit.
No one can transfer the data contained in a hardware storage wallet off the device unless they know your secret phrase (12 words). Therefore, no one but you has access to this data. You can also combine your hardware wallet with other online wallets like MetaMask.
Key takeaways
- Keep your secret phrase safe, do not show it or share it with anyone,
- To trade your NFTs safely, visit https://app.airnfts.com/,
- Always use a legitimate application and website for NFTs,
- Store your NFTs on noncustodial wallets
- Download crypto wallets only from official sources, google play, Apple Store or official website
- We recommend using Trust Wallet as noncustodial wallet, it has the biggest blockchain support for NFTs out there including Solana, Polygon, BSC NFTs.
Keep an eye on airnfts.com and follow us on our social media platforms today to stay informed about best practices in the world of Non-Fungible Tokens (NFTs).
