NFTs, or Non-Fungible Tokens, are a new form of digital property ownership. NFTs are unique, just like physical objects. So rather than just owning a digital asset that is equal to others of its kind, you own something that is much more special. Each NFT is entirely unique, and they can be traded on marketplaces and even used in games and other apps on the Ethereum blockchain platform. By purchasing NFTs at an ICO, you are buying something truly rare/valuable and will only materially increase in value over time. Thus owning them should be a long-term investment strategy rather than a quick flip.
Now that you’ve purchased some NFTs, it’s time to look at your options for storing them. While most people have a few Ethereum wallets to store other assets, these wallets are not ideal for NFTs. Here are some quick notes on the best NFT wallets available so look for them when choosing one.
Importance of the NFT wallet
An NFT wallet doesn’t work as a physical wallet. You don’t store NFTs or cryptocurrency in your Wallet. Instead, it provides access to the assets held on the blockchain. It gives a private key to that address, which allows the wallet owner to authorize transactions. If you have the private key, you effectively own anything at that address. So why might you need an NFT wallet? It’s an excellent way to learn about blockchain technology and NFTs while they’re both still fairly new technologies. You can also use an NFT wallet when participating in dApps or other crypto-based games.
Best NFT wallets available in 2022
Metamask is a cryptocurrency wallet with a built-in browser. It allows you to interact with any DApps on the ethereum blockchain without needing to download the blockchain or install any additional software and has a built-in interface for NFT marketplaces. It’s perfect if you’re just getting started with Ethereum and don’t have time to set up a full node.
If you want to buy an NFT, Metamask offers a built-in swap feature that lets you pay with a different cryptocurrency. You can trade ETH or BTC for ERC-721s, but the process is more complicated than on a stock exchange. Some tokens might be offered on specific blockchain platforms only, which could affect how you access them.
Have you been looking for a solid alternative to Metamask? Math Wallet offers a multi-chain web, desktop, and mobile Wallet that synchronizes across devices. It supports more than 70 blockchains and allows you to create multiple addresses.
What is a Math Wallet? Math Wallet is a cryptocurrency wallet that combines the power of blockchain and NFTs to create an entirely new way to manage your funds’ assets and transact with others. It has many features, including a built-in dApp browser that displays NFT marketplaces, the ability to stake, swap, and transfer NFTs within the app, and unique support for dozens of different currencies. With Math Wallet, you’ll enjoy the best blockchain has to offer.
AlphaVault is the world’s first non-custodial ERC721 Wallet. It works directly with OpenSea, CryptoKitties, Dragonereum, and ChainZ Arena, among other NFT marketplaces and blockchain games. AlphaWallet is fully open-source and decentralized as it works on any Ethereum node. The AlphaWallet is built for you! With the AlphaWallet, you have direct access to DeFi applications like Compound and discover more DEXs and NFT marketplaces with its dApp browser. Using the Wallet to transfer crypto feels like using a regular crypto wallet even though all users are in control of their private keys.
Trust Wallet is your mobile gateway to a decentralized world. The Wallet supports multiple blockchains, including Bitcoin and Ethereum, and tokens such as BEP2, BEP3, and FT. Using the app’s dApp browser or integrated exchange, you’ll never need to register an account to purchase NFTs. Trust Wallet is a popular option for NFT owners because its popularity means it’s easy to find user-made tips for converting bitcoins to FT or other NFTs.
The Coinbase Wallet is an easy-to-use, non-custodial cryptocurrency wallet that controls your private keys. It’s a great place to securely store crypto, but it’s much more than just a wallet. A major feature of the Wallet is buying and selling crypto in just one tap. Customers can purchase crypto using all supported fiat currencies, including bank accounts in the US and EUR. We support transactions for Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), USDC, including the stable coin USDC, LTC, and ETH on mainnet. You can send crypto from the Coinbase Wallet to any single or group address.