How to Choose the Best NFT Wallet in 2022

How to Choose the Best NFT Wallet in 2022

Whether you’re planning to collect NFTs or make money out of them, you will need to have a crypto wallet that you can use to send, receive, store and exchange your NFTs. These digital assets can represent both digital and real-world possessions such as artworks, real estate and so much more. But unlike a dollar bill that you can store in your pocket or a land title that you can keep in a safe, you can’t do the same thing with NFTs. This is where the need for NFT wallets comes into play. 

What is an NFT Wallet?

NFT wallet is a digital wallet that lets you store NFTs and cryptocurrency securely in one place. It is based on the crypto wallet that supports the blockchain protocol NFTs are built on. To use these, the wallets have to support the cryptocurrency that is used for buying the NFT, for example, Ether (ETH). Most of the best NFT wallets of today provide excellent management of various visual assets, such as digital art, motion pictures, videos and films as well as in-game assets, music, etc. 

Given the massive surge in NFT purchases, more and more NFT wallets are growing in functionalities in terms of acquiring, storing and after creating (minting). With NFT wallets providing different features, you can now find the best one that is suited for your needs. 

Best NFT Wallets in 2022

There are a few factors you need to consider when looking for the best NFT wallet. The first thing is the level of security. NFTs can be worth thousands and even millions. As such, choosing an NFT wallet with powerful security is a must. 

Another essential factor to consider is the kind of interface the NFT wallet has. When choosing a digital wallet, make sure to choose one that has a user-friendly interface. After all, dealing with NFT trading, especially for newbies, is complicated enough. 

Finally, another thing you need to look for in an NFT wallet is a highly reliable customer support team. Look for an NFT wallet that has a team of professionals you can rely on 24/7 and can provide answers to any of your queries as fast and as accurately as possible. 

  • Metamask Wallet – Best Crypto Wallet for Web 3.0 Application

With over 21 million active users, MetaMask is by far the most popular and most trusted NFT wallet of today. It only started off as a browser extension available in Chrome, Firefox, Brave and Edge that enables direct connections between users and decentralised applications (dApps). As of writing, MetaMask now has a mobile app that runs smoothly on any gadget. What’s more, its mobile version features an in-built integrated browser for dApps.

With just a couple of clicks, MetaMask allows you to easily access Web 3.0 sites including NFT marketplaces. Additionally, it enables the creation of multiple wallet addresses. Hence, giving you an option to hold NFTs in a separate address from your cryptocurrency. Since the default network for all MetaMask wallets is the Ethereum Mainnet, this NFT wallet can also help users in creating an Ethereum wallet for connecting directly with all Ethereum-based platforms for both minting and trading.

  • Coinbase Wallet – Most Simplified Hot Wallet

Coinbase is one of the most simplified NFT wallets for buying and selling digital assets, making it a suitable option for beginners. Instead of using public wallet addresses, Coinbase allows users to send and receive NFTs using their usernames. Similar to PayPal transactions, the use of usernames in the Coinbase wallet ensures flexibility for all NFT transactions. Coinbase also offers a one-click cloud backup for your private keys. Thus, making sure that you don’t have access to your NFTs and other funds. 

Just recently, Coinbase has launched an app and a browser extension that enables users to easily access their wallets on different devices. Coinbase also supports a wide range of cryptocurrencies including Bitcoin, Litecoin and Ripple. 

  • Math Wallet – Best Multi-Platform Wallet

Math Wallet is considered to be one of the strongest alternatives to MetaMask. With this NFT wallet, you can easily keep track of your spending, set budgets and monitor your progress over time. It is available on both desktop and mobile versions that sync across all devices and has integrations with various hardware wallets. Additionally, Math Wallet ports more than 70 blockchains. 

Math Wallet offers strong security. In fact, it is backed by huge names in the blockchain industry including Fenbushi Capital, Binance Labs, Fundamental Labs, Alameda Research and NGC Ventures.

  • Enjin Wallet – Best for Managing and Swapping NFTs

Enjin Wallet is a blockchain-based wallet that allows you to easily store, trade, collect and even swap in-game NFT collections and other collectibles. What’s more, it has an in-built marketplace where users can trade digital assets using the native token ENJ.   With a single click, you can access various dApps based on Ethereum such as DeFi applications. Another promising feature of the Enjin Wallet is its customer support desk, differentiating it from the rest of the other wallet options. 

  • Trust Wallet –  Best for Simple Trading

Trust Wallet is a mobile-only wallet with more than 5 million users. It features a dApp browser that allows users to find marketplaces including OpenSea, Axie Infinity and more. Thus, making purchasing NFTs within the wallet easy and convenient. Despite the fact that Trust Wallet doesn’t allow NFT transfers, it can still be beneficial for users in terms of storing and managing their digital assets. Additionally, it supports multiple blockchain platforms including Ethereum. 

Key Takeaway

Indeed, there are a lot of NFT wallet options for you to choose from. But whether you’re looking for a place where you can simply store your digital assets or a platform where you can easily trade your collectibles, make sure to choose an NFT wallet that offers robust security, a user-friendly interface and support for a wide range of cryptocurrencies.

Know more about NFT wallets, the NFT community and more by sending us message at  hello@smmile.com or giving us a call at (65) 8687 8143.

Chris Anne

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Smmile is a Digital Marketing Agency in Singapore with over 10 years of experience in the industry.