Best Crypto Wallets for NFTs

Want to jump straight to the answer? One of the best crypto wallets for NFTs is the Ledger Nano S hardware wallet.

Non-fungible tokens (NFTs) have skyrocketed in popularity over the past year. They function as verifiable proofs of authenticity and ownership within a blockchain. NFTs can represent digital and real-world items such as artwork, real estate, property rights and individual's identities. However, before you can collect and invest in non-fungible tokens, you’ll need an NFT wallet. This can be an important choice because it can change the NFT trading experience significantly. The following discussion will summarize the six best NFT wallets and what to look for when choosing one. 

Quick Look at the Best Crypto Wallets for NFTs:

• Best for Safety and Security: Ledger Nano S
• Best for Easy Browser Access: MetaMask
• Best Wallet Backed by Institutional Investors: Math Wallet
• Best for Simple Trading: Trust Wallet
• Best Overall NFT Wallet: Coinbase
• Best for Managing and Swapping NFTs: Enjin Wallet

What are NFT Wallets?

An NFT wallet is a cryptocurrency wallet that supports the blockchain protocol NFTs are built on. Additionally, NFT wallets need to support the cryptocurrency that is used for buying the NFT, such as Ether (ETH). Overall, they are a safe way to manage, buy or sell NFTs. 

Top 6 Best NFT Wallets

The right NFT wallet for you will depend on a variety of factors, including your level of experience, your security needs and the types of tokens you are storing. However some wallets stand out above the rest. Here’s a summary of the top six best NFT wallets available right now.

Best for Safety and Security: Ledger Nano S Plus

Ledger has been the leading hardware wallet brand for a long time and for good reason. It offers some of the best hardware wallets on the market for a great price. The Ledger Nano S is everything you need to store your NFTs and cryptos safely.

Ledger wallets are not only extremely secure and essentially invulnerable to cyberattacks, they are also some of the most versatile hardware wallets available today. They support NFTs as well as more than 1,000 different cryptocurrencies including Bitcoin, Ethereum, Dogecoin, Litecoin, Ripple (XRP), all ERC-20 tokens and more.

One of the greatest features of Ledger wallets is that they can be easily integrated with Metamask, the most popular software wallet. This combines the safety and security of Ledger wallets with the ease-of-use and versatility of Metamask wallets. You can even use this integration to use your Ledger for Ethereum virtual machine-compatible networks like Fantom, Polygon, Binance Smart Chain, Arbitrum, Optimism and Avalanche.

Best for Easy Browser Access: MetaMask

Trusted by over 21 million users worldwide, MetaMask is by far the most popular crypto-wallet software. It comes as a browser extension and is available for Chrome, Firefox, Brave and Edge. In terms of mobile application, it doesn’t matter what type of device you are using — MetaMask is available for both Android and Apple devices. The mobile application includes a built-in browser for decentralized applications (DApps) and NFT marketplaces.

MetaMask provides easy access to web 3.0 sites such as NFT marketplaces with just a couple of clicks. Users are given a key vault, secure login, token wallet and token exchange — more or less everything you need to handle your digital assets. Additionally, MetaMask allows you to create multiple wallet addresses so you can hold NFTs at an address that’s separate from your cryptocurrency.

The default network for all MetaMask wallets is the Ethereum Mainnet. This means that MetaMask only supports the Ethereum network and non-Ethereum networks that are Ethereum Virtual Machine (EVM) compatible such as Fantom, Polygon, Binance Smart Chain and Avalanche.

Best Wallet Backed by Institutional Investors: Math Wallet

Math Wallet is arguably the strongest alternative to MetaMask. Math Wallet’s most notable competitive advantage is the fact that it supports more than 70 blockchains. For this reason, Math Wallet is widely coined as the gateway to the world of blockchain.

Math Wallet also offers a desktop and mobile version of the wallet that syncs across all devices and has integration with several hardware wallets as well. Users can create multiple addresses with Math Wallet.

The platform is secure and straightforward, making it a great starting point for anybody interested in the blockchain industry. Math Wallet enables you to trade, manage, buy, sell and cash out your NFTs. 

The project is also backed by many big names in the blockchain industry, including Fenbushi Capital, Binance Labs, Fundamental Labs, Alameda Research, NGC Ventures, Capital6 Eagle and Amber Group. As a result, developers are extremely incentivized to continue working on the wallet and expanding its functionality in the short and long term. 

Best for Simple Trading: Trust Wallet

Trust Wallet is a mobile-only wallet that makes it easy for you to buy, sell, trade, collect and cash out your NFTs. Trust Wallet is owned by Binance. The implication here is that while it supports multiple blockchain platforms, including Ethereum, its association with Binance means it’s notably biased towards NFTs on the Binance Smart Chain. However, if you are interested in NFTs on the Binance Smart Chain, Trust Wallet may be the best option. 

Additionally, Trust Wallet allows you to import old wallets without having to back up your private keys or install any additional software. With more than 10 million active users, you can rest assured you’ll be in good hands using this wallet. 

Best Overall NFT Wallet: Coinbase

Coinbase is one of the most popular cryptocurrency exchanges for purchasing and selling cryptocurrencies. It also offers a noncustodial wallet suitable for NFTs and other tokens. Unlike holding cryptocurrency on Coinbase’s exchange, holding assets in the Coinbase Wallet provides users with absolute control over their crypto.

In 2021, Coinbase released a browser extension that makes it convenient for users to use their wallets across devices to purchase NFTs and interact with other DApps. The interface is user-friendly, easy to navigate, compliant with numerous jurisdictions and supports an extensive list of cryptocurrencies.  

A unique advantage of Coinbase is that it allows you to transfer tokens to others by using usernames rather than public wallet addresses. Coinbase also offers a one-click cloud backup for your private keys that helps ensure you don’t lose access to your NFTs and other funds. 

Overall, Coinbase Wallet is a phenomenal choice for those who are just starting out in the world of NFTs.

Best for Managing and Swapping NFTs: Enjin Wallet

Enjin Wallet is an excellent choice for those wanting to keep track of all their crypto and NFTs in one place. The wallet allows you to easily trade, collect and swap your digital assets. The wallet also has a built-in exchange for fast transactions.

Users can make as many accounts as needed for whatever purpose, whether it be for day-to-day expenses or a wallet designated for gaming on the blockchain. Old wallets can be imported, and it is easy to connect hardware wallets such as Ledger or Trezor.

Importance of NFT Wallets

NFT wallets are important because they provide access to digital assets held on the blockchain. A wallet takes care of all the technical aspects and provides a simple interface for buying and selling NFTs as well as interacting with different DApps like OpenSea. Wallets also provide increased security through features such as two-factor authentication. 

Important Features to Look For in Most Popular NFT Wallets

The following are some key elements that should be considered when choosing an appropriate NFT wallet.

Compatibility with the NFT Marketplaces You Want to Buy From

The first thing to consider is whether a particular NFT wallet is compatible with the NFT marketplace you want to engage in. If the wallet is not supported, you won’t be able to buy the NFTs you want, so it’s a nonstarter

Additionally, NFT transactions are not limited to exchanges; there are a lot of apps that allow users to interact with different NFTs. Nonetheless, compatibility is important for users who are buying, selling or minting NFTs. 

Security

After ensuring that your NFT wallet is compatible with the apps or marketplaces you want to interact with, the next most important feature to consider is security. The best NFT wallets in terms of security will offer features such as two-factor authentication, which uses an extra layer of security to prevent cybercriminals from accessing your account remotely. Of course, the best hardware wallets like the Ledger Nano S Plus are much more secure than basically every software wallet.

The wallet provider also should also outline the possible risks and dangers associated with their unique wallet. 

Anonymity

It is important to consider the level of anonymity in addition to the level of privacy offered by each wallet. Some wallets make it extremely easy for anybody to view all transactions made with blockchain-based assets. Alternatively, some wallets are more private than others, however, they are also less user-friendly because they don’t have integrated exchanges or web links to buy NFTs online.

Cross-Device Use

Being able to access your NFTs on a variety of devices is extremely convenient. In addition to a desktop interface, many users are now using their mobile devices to make NFT transactions. 

Multichain Support

In addition to Ethereum, the most popular blockchain for NFTs, there are several other platforms that support NFTs. Ideally, you’ll want a wallet compatible with as many chains as possible to give you easy and convenient access to as many NFTs as possible.

User Experience

An excellent NFT wallet will offer a straightforward and user-friendly interface for one to use. A good user interface will make selling and buying NFTs an enjoyable experience.