Which NFT wallet is best in 2022?

NFT — Quick Introduction:

Non-fungible tokens have proved their capabilities as exceptional tools for tokenization of real-world and digital assets with a better assurance of value. NFTs (non-fungible tokens) basically refer to a unit of data on the digital ledger, referred to as the blockchain. The blockchain provides certification for uniqueness and non-transferability of the concerned digital asset. Therefore, NFTs have the value of uniqueness which lead to their higher valuations.

NFT Wallet

If you’re interested in collecting or investing in non-fungible tokens, you’ll need an NFT wallet. An NFT wallet is a cryptocurrency wallet that supports the blockchain protocol NFTs are built on. It also needs to support the currency you’ll buy NFTs with, such as Ether

These outsider applications are your extension to the blockchain record where your NFTs are recorded. They permit you to store advanced collectables, including craftsmanship, gaming things, and some other NFT applications.

Also, they are a fundamental instrument for connecting with NFT commercial centres where you can mint new advanced resources and put them at a bargain.

What to look for in NFT Wallet?

The most important features to look for when it comes to choosing an NFT wallet include:

Compatibility with the NFT marketplaces you want to buy from. If it’s not supported, you won’t be able to buy the NFTs you want, so it’s a non-starter.

Strong security. NFTs can be worth thousands or even millions of dollars. You want something as secure as possible.

Easy-to-understand user interface. A good user interface will make buying and selling NFTs a breeze.

Cross-device use. Being able to access your NFTs on both a desktop and a mobile device can come in handy.

Multichain support. While most NFTs are on the Ethereum blockchain, several other platforms also support NFTs. You’ll want a wallet compatible with as many chains as possible to give you easy access to as many NFTs as possible.

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Best NFT Wallets in 2022

• Crypto.com DeFi Wallet — Overall Best NFT Wallet 2022

Top of our list when it comes to the best NFT wallets is Crypto.com. Most investors will be aware that Crypto.com is one of the best crypto exchanges worldwide, with over ten million registered users and regularly conducting over $2 billion in daily trading volume. Aside from crypto-trading services, Crypto.com also operates a dedicated NFT marketplace, which allows investors to buy and sell NFTs with no transaction fees.

However, one of the most appealing aspects of the Crypto.com platform is the dedicated NFT wallet offered to investors. Titled the ‘Crypto.com DeFi Wallet’, this wallet is non-custodial and can be downloaded via the App Store or Google Play. It is entirely free to use and supports over 100 cryptocurrencies, making it easy to hold the crypto needed to facilitate NFT trades.

The Crypto.com wallet is one of the best wallets for NFTs since it now has a dedicated section for digital collectibles. The NFTs section is designed to appear like a ‘gallery’, with your featured NFTs at the top and the remainder presented below in individual collections. Users can store Crypto.org chain NFTs in the wallet, along with Ethereum-based NFTs — with support for Cronos chain NFTs currently in the works.

Receiving NFTs is also easy with the Crypto.com wallet, as it provides a dedicated wallet address that makes NFT transfers simple. You can also send NFTs to other people in just a few taps, and Crypto.com even allows you to share your NFT on social media by creating a dedicated image template. Finally, the wallet even acts as one of the best crypto savings accounts, allowing users to earn interest on their holdings with no lock-up period!

Pros

Free to download and use
Supports Ethereum and Crypto.org chain NFTs
Can share NFTs to social media
Earn interest on crypto holdings within the wallet
Innovative NFT ‘spotlight’ feature

Cons

Currently only supports two chains

• Metamask
  Maintained by Ethereum Foundation-backed ConsenSys, Metamask is unarguably the best NFT wallet for creators and collectors.
  It initially existed only as a browser extension that lets users connect directly to decentralised applications (dApps) such as those that power NFTs. In 2020, though, ConsenSys released the mobile version of Metamask which offers a simpler interface for collecting NFT tokens and interacting with other dApps.
  Using Metamask, you can create an Ethereum wallet to directly connect with all Ethereum-based platforms to mint and trade these tokens.

Pros
Metamask is relatively easy to set up for anyone with a basic knowledge of cryptocurrencies.
Transactions are synchronised across both mobile and web extension applications.
Users can create and switch easily between multiple ETH addresses they own.
Metamask’s mobile version features an inbuilt browser for exploring both NFTs and DeFi applications.
The mobile app also supports direct transfer of ERC-721 tokens from one address to another.
Metamask offers native support for direct swaps between Ethereum and other ERC-20 tokens.
Optimised and advanced fee customisation allow users to set gas fees to match network activity.

Cons
Metamask is primarily compatible with the Ethereum and other EVM compatible blockchains.
There are also concerns regarding the wallet sharing identifiable information to data collection networks.

• AlphaWallet — Open-Source Self-Custodial NFT Wallet

Rounding off our list of the best NFT wallets is AlphaWallet. AlphaWallet is an open-source Ethereum wallet that offers a quick and easy way to store NFTs. The wallet is self-custodial and was built with the intention of tapping into the transition to Web3. AlphaWallet’s credibility is bolstered through partnerships with Coinbase, Maker, Compound, Circle, and more.
The wallet is only available as a mobile app and can be downloaded on iOS and Android. In terms of NFTs, AlphaWallet currently supports Ethereum-based NFTs, with a valuable ‘tagging’ feature to make filtering your NFT collection easier. Users can utilise a built-in dApp explorer within the wallet’s interface, making it easy to connect to the best NFT marketplace and make investments.
In terms of security, AlphaWallet employs the ‘Secure Enclave’ subsystem on mobile devices to provide the highest level of protection. AlphaWallet also provides the option to alter the speed of your blockchain transactions, meaning you can lower gas fees if you wish. Finally, since the wallet is entirely open-source, this adds an element of safety as the underlying code is visible to all.

Pros
Open-source Web3 wallet
Uses the Secure Enclave to boost security
Can tailor blockchain transaction speeds
Self-custodial wallet

Cons
Only available via mobile app

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• Math Wallet
  Math Wallet brands itself as “your gateway to the blockchain world,” and is backed by industry-leading incubators like Binance Labs and Alameda Research. It represents another excellent option for creators and collectors looking for a Metamask alternative.
  Math Wallet includes native integration and support for 65 public blockchains, allowing users to seamlessly manage their assets across these networks. It is also available on mobile, as a web browser extension and as a web wallet for separate blockchain networks.

Pros
Native support for multiple blockchains.
Cross-device compatibility and synchronization.
MathWallet features a one-click dApp store for accessing NFT and DeFi Apps.
The app includes a swap feature for exchanging cryptocurrencies.
Hardware devices like Ledger include a Math Wallet integration, guaranteeing further security of stored assets.

Cons
iOS users reporting having issues with dApp staking.
Math Wallet is still being actively developed. Thus users may encounter bugs, especially on mobile versions.

• Trust Wallet — Best for those looking to trade crypto and NFT in a simplified manner.
  Trust Wallet allows you to buy, store, collect, trade, and cash out NFTs through its secure wallet system.
  Being one of the most trusted and secure wallets to store NFTs, you can import your old wallets without having to backup your private keys or install any additional software.
  There are no forms to fill out and no selfies to submit. You can trade cryptocurrencies at any time with simplicity.
  You are also in control of your wallet because they don’t collect any personal information.
  More than ten million users use Trust Wallet, so you’ll be in good hands when using this wallet.

Key Features:
You can buy Bitcoin, Ethereum, Binance Smart Chain and Coin (BNB), Litecoin, TRON, XRP, and Bitcoin Cash
You can buy these cryptocurrencies with a simple credit card.
In just three easy steps, you can get started on your way to securing your NFTs with Trust Wallet.

Pros
Trust Wallet has a fairly user-friendly interface.
Trust Wallet offers one-click access to NFT applications.
Support for multiple blockchains allows for more choices.
Trust Wallet features an in-built cryptocurrency exchange feature.
It can also function as a cryptocurrency and DeFi wallet.

Cons
The application is only available on mobile.
Trust Wallet’s affiliation with Binance means that it promotes Binance-based products ahead of close competitor, Ethereum.

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