Secure Wallets for NFTs

There’s no shortage of wallets to choose from in crypto. In this article, we break down some of the most crucial features to look for in a wallet and lay out some of the current best options on the market.

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@enter.artPUBLISHED 13TH FEBRUARY 2023

Have you heard of Non-Fungible Tokens (NFTs) before? Of course you have, the fact that you’re reading this piece proves it. As you probably know, they’re digital forms of items such as pieces of art, music and collectibles. You need a wallet to store them if you intend to buy or mint some for yourself. In this article, we’ll discuss the most secure NFT wallets, so you’ll know which ones to choose. 

Before we go into that, you should know what to look for in a wallet, so you’ll be able to easily manage your NFTs. This is especially important for those entering the space for the very first time. So, how do you choose a secure wallet for your NFTs?

Choosing a Secure Wallet

enter has previously written an elaborate article on NFTs, so do check it out if you wish to learn more before diving in to todays topic. 

For now, we’ll focus on picking a secure wallet to hold your NFTs. How do you choose a wallet that’s safe and does not pose any threat to your NFT collection? The following are key things to look out for when selecting a wallet for your NFTs.

  1. Self-custody: It is important to choose a wallet that you control the access to. You only guarantee the safety of a wallet if you control the private keys. This is only possible with self-custody wallets, also known as non-custodial wallets. 

    Owning a self-custody wallet is the opposite of leaving your NFTs on a marketplace such as OpenSea or any of the others. You may have heard the saying “Not your keys, not your coins”. This is as true now as it was over 12 years ago, and applies to NFTs too. If you value your collection, hold them in a self-custody wallet where you can recover them if anything goes wrong.
  2. Multi-chain support: NFTs were originally available only on the Ethereum blockchain. However, as the space has grown, other blockchains such as Solana and Polygon have started supporting NFT marketplaces. As a result, there are now several options for minting and trading NFTs, so don’t limit yourself to one blockchain if you don’t want to.

    As these blockchains are cheaper to use than Ethereum, many NFT traders now migrate to them to cut transaction costs. You need a multi-chain wallet that supports these alternative blockchains to use NFTs that they support. If a wallet supports multiple blockchains, it may be a good option to consider, because the more options you have, the better.
  3. User-friendly interface: You don’t want to choose a wallet you’ll have a hard time navigating. It is therefore important to choose one with an easy-to-navigate interface, especially if you’re new to the crypto and NFT space. It should be plain and without too many features that can get you confused.
    Crypto transactions are risky enough as it is, you don’t want to use a wallet that makes your life more difficult. If it isn’t simple enough for you, don’t put your NFTs on it. Leave it to the pros to use those, and save yourself the stress of making costly mistakes.
  4. Multiple platform support: Some wallets are available on different platforms, including web, desktop, and mobile. If you’re the type that likes to use your wallet on the go, one with mobile support is ideal. The more platforms a wallet is available on the better.
  5. Hardware support: Up until now, wallets were classified as either hot or cold. With advances in the field of crypto and blockchain however, there are wallets that are hot, but also use hardware wallets. Choose those wallets. That way, you can easily move your NFTs from your hot wallet to the more secure cold wallet by simply connecting to the hardware wallet and moving your NFTs. Whichever wallet you choose, make sure you can use it with a hardware wallet.
  6. Compatibility with your preferred marketplace: After minting or buying an NFT from a marketplace, you’ll need a compatible wallet to move it to. Not every wallet is compatible with every marketplace, so ensure that your chosen wallet supports your preferred NFT marketplace. 

Five EVM Compatible Wallets Worth Looking Into

Now that we know what to watch out for in choosing the most secure NFT wallet, let us now look at the most secure wallets based on these factors.

  1. Metamask: Metamask is a household name as far as NFTs are concerned. Although it was initially designed to be used with the Ethereum blockchain and its NFTs alone, it now supports BNB Chain as well. Metamask is primarily a browser extension wallet, which means you don’t need to install it as an app.

    Simply download it as an extension and access it whenever you need it. It does have a mobile app though, and you can sync your activities between the extension on the computer and the app on your mobile. You can use Metamask on nearly any browser, and it supports a long list of altcoins, but not Bitcoin.

    Metamask supports five hardware wallets, including AirGap Vault, Keystone, Lattice, Ledger, and Trezor.

  2. Coin98 Wallet: Coin98 is a non-custodial crypto and NFT wallet. It is also a well-known DeFi gateway that allows you to securely connect to the cryptocurrency world. Just like Metamask, it is an Ethereum-based multi-chain wallet in the form of a browser extension.

    You can buy, sell, or store your crypto and NFTs in the wallet in a secure and convenient way, making it one of the best NFT wallets to use. There are over 50 cryptocurrencies supported from different blockchains, including Ethereum, BNB Chain, Near, Avalanche, Polkadot, Cosmos, Terra, Fantom, Klaytn, THORChain, Arbitrum, Optimism, and more.

    You can also add an unlimited number of custom networks to the browser extension, giving you limitless possibilities. You can store, send, and receive multi-chain NFTs directly on EVM blockchains and Solana. 

    The wallet has integrated top decentralized exchanges like PancakeSwap, MDEX, UniSwap, SushiSwap, QuickSwap, Pangolin, and Trader Joe, so you can easily connect it and start trading NFTs at high speed and minimal fees. 

    Coin98 also has a mobile version; an app you can use to do almost everything you do with the browser extension. You can sync the two to get all your activities on both platforms.

  3. 1Inch wallet: If you’re thinking this wallet is linked to the famous 1inch DEX, you’re right. It is an easy-to-use DeFi wallet that you can also use to buy, sell, or store NFTs. Unlike the first two, however, it is strictly a mobile app and not a browser extension. 

    Perhaps the greatest thing about this wallet is that it supports all DEXes, and you can trade NFTs on any of them, right on your mobile device. Security wise, it is top notch. The wallet backs up all transactions on Apple Cloud for iPhone users. 

    Transaction signing is instant, and with the fusion mode, there are no gas fees. All you have to do is download the app to your mobile and you’re good to go.

  4. Brave Wallet: Brave Wallet is not a new name in the crypto space. For starters, the developers have their own cryptocurrency known as Basic Attention Token. Their browser, Brave, rewards users with the tokens for viewing ads, and the rewards are stored in the Brave Wallet.

    This wallet can also be used to buy, sell, and store NFTs. As a multi-chain wallet, Brave gives you access to crypto and NFTs from different blockchains, and you don’t need a browser extension. 

    Unlike any other wallet, Brave Wallet was built directly on the Brave web browser, which is also a privacy-focused browser. It’s therefore needless to say the wallet is highly secure. With over 100 blockchain networks supported, including Ethereum, Solana, Filecoin, and more, there’s no limit to what you can do with this wallet in your NFT-related adventures.

  5. Math wallet: This seems to be the most versatile of all the wallets on this list as it is available on all platforms. You can access it on mobile, as a browser extension, as a web wallet, and it works with hardware wallets. 

    The browser extension works with Chrome, Brave, Edge, and other wallets as well. The web wallet supports eight blockchains, and all NFTs on these chains. You can use Ledger and Wookong Bio hardware wallets with Math wallet, and both Android and iOS devices support it.

Which Wallet Should You Use?

This depends on your needs and level of experience. As mentioned earlier, you should pick a wallet that is easy to use if you’re new to the space. More importantly, it should be secure. All the wallets on this list tick the box for security, but some offer more options than others in terms of available platforms and supported blockchains. If you wish to use just one blockchain, you can go ahead and use a wallet that supports only one chain etc. Just make sure it meets your needs.



This article is written by Ponvang Bulus as a part of enter.blog's bounty program and is a part of a two-part series. Do you have an interesting topic, series or subject you think would be fitting for enter.blog? 

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