BEST CRYPTO EXCHANGES
In a hurry?
The best NFT wallet in 2023, as found in our independent testing, is Coinbase!
An NFT, otherwise known as a non-fungible token, is a token that can be distinguished from others.
This is because an NFT is unique and has a number of different properties. The process of owning an NFT does come with a number of steps to it.
The first is you need to make sure that you find the best NFT tokens from the NFT marketplace that you have chosen.
Once you have decided to purchase an NFT, the next step is to find the right wallet to store it in. A wallet can also double as a cryptocurrency portfolio tracker, making sure that your NFT remains safe.
The current wallet is going to let you easily access your purchases whenever you need to, whether this comes to purchasing more, selling, or even just reviewing our positions.
In this article, we’re going to compare the very best NFT wallets out there in 2023 and talk about their main features.
This way, you can figure out which option is going to be the best wallet for NFTs for you personally, so that you can keep your digital assets safe.
Best NFT Wallets in 2023
Here’s a quick look at the best NFT Wallets:
- Coinbase – 🏆 Winner!
- Enjin Wallet
- Alpha Wallet
- Trust Wallet
- Kukai
- Math Wallet
- Metamask
1. Coinbase
Coinbase in our opinion is the best NFT wallet to think about when considering where to put your NFTs online.
They are easily one of the most convenient marketplaces for buying and selling cryptocurrency and they also have an NFT supporting wallet, so that you don’t have to worry about the security of your NFTs.
When it comes to their wallet, they have a number of characteristics, making them a great beginning point if you want to start trading NFTs online.
They have a super-friendly interface that is really easy to navigate, and they also have compliance with a big number of jurisdictions, as well as a long list of currencies that they support.
As a result, they are a great choice for those that are getting started in the world of NFTs.
Their NFT wallet also lets you purchase goods and services with your NFTs, which expands their practicality.
It supports a majority of cryptocurrencies that are available in the industry and the only disadvantage to this NFT wallet is that it isn’t going to offer you as much security as some other wallets in the industry.
However, they are pretty good when it comes to updating their features, which means that their system is always improving.
They maintain insurance specifically for cryptocurrency and they can help you manage your portfolio by tracking your total balance, as well as the value of your individual assets.
You can get notifications for price alerts and transactions, and you can purchase and sell popular NFTs with different cryptocurrencies that you might have.
They also provide quick access for you to Fiat currencies, which makes it easy for new NFT users to begin trading quickly.
2. Enjin Wallet
Enjin Wallet is another really great option if you want to be able to trade, swap, and manage your NFTs.
They provide a great home for NFTs, as well as cryptocurrency, so that you can keep all of your positions online in the same place.
Now you can make the most of blockchain technology to trade, manage, and swap Bitcoin, Ethereum, and other cryptocurrencies, as well as your NFTs.
You can make as many accounts as you need for any reason, from keeping your savings in a wallet, to day-to-day expenses.
You can also import old wallets from other platforms, and you don’t have to install any software to be able to do this.
What’s more, you can easily connect your hardware to their wallet app. If you want to store your NFTs in this NFT wallet, they can help you manage them.
They support hundreds of different cryptocurrencies, which means that you’ve got almost unlimited potential trading combinations.
They’re going to make it easy for you to quickly approve transactions, which means that you won’t have to remember a complex passphrase.
You can also import all of your tokens to one place, and the best part is that they are super user-friendly, which means that you are going to have an easy time managing your NFTs and your cryptocurrency coins without having to learn the ropes at the beginning.
3. Alpha Wallet
Alpha Wallet is another great option as an NFT wallet if you are looking for a secure wallet that is non-custodial.
In fact, they are one of the best wallets out there for managing your tokens in general, and you can even upgrade your Ethereum wallet, which lets you store tokens safely, and track your portfolio easily.
You can also import old wallets from other exchanges without having to install new software, and the good news is that these guys are completely open source.
It has been designed by web3 engineers, and is completely maintained by the community, which means that your funds are always going to stay safe and protected.
One of the biggest advantages to using this NFT wallet is censorship resistance.
This means that you can keep your own money without having to get a third party to censor or approve it.
You’re never going to have to worry about not being given access to your money at any given point.
4. Trust Wallet
Trust Wallet is a really helpful NFT wallet if you’re looking to trade cryptocurrency and NFTs in a way that is simplified.
This wallet lets you store, buy, trade, collect, and cash out NFTs through their wallet system that is super secure.
In fact, they are one of the most secure and trusted wallets to store NFTs, and you can easily import any old wallets from other exchanges without having to install additional software.
You don’t have to submit a selfie, or fill out a form, and you can trade your cryptocurrency tokens at any point with ease.
You are also in complete control of your wallet because they aren’t going to collect any personal information.
There are 10 million users that make the most of this NFT wallet, so we are confident that you are going to be in good hands.
You can purchase Ethereum, Bitcoin, and other cryptocurrency tokens, and you can also do so with your credit card.
In just three simple steps, you can get started with securing your NFTs with this NFT wallet.
5. Kukai
Kukai is one of the best NFT wallets out there for offering its clients an open-source wallet solution, and it provides its clients with a secure home with no third-party control, or hidden gas fees.
They are super user friendly, and they can help you store manage your NFTs really easily.
You can purchase, sell, and trade your cryptocurrency as well, and you can organize your digital assets so that you can integrate them effortlessly into a number of different systems so that you can use them in daily life.
Creating a new NFT wallet with these guys is only going to take you a couple of minutes.
In just five to 10 minutes, you can be ready to purchase and sell NFTs from your wallet.
Perhaps one of the biggest advantages to this NFT wallet is that they are serious about security, so you never have to worry about your personal assets being compromised.
6. Math Wallet
Math Wallet is one of the best NFT wallets for those who are looking for a secure wallet that has been backed up by huge investors.
In fact, it is considered the gateway to the world of blockchain, and it’s also a mobile app, so you can easily manage your cryptocurrencies using advanced blockchain technology.
You can easily transfer and manage your cryptocurrency assets by using their multi-cryptocurrency wallet, and you can do all this from a single location.
They are secure and straightforward, making them a great starting point for anybody who is interested in blockchain. They let you buy, trade, sell, and even cash out your NFTs.
What’s more, this project has been backed up by some of the biggest names in the industry, which means that you can definitely trust the developers that are working on the wallet.
Impressively, over 86 of the most popular blockchains out there that are public are supported by this platform.
7. Metamask
Metamask is great if you want to be able to gain easy browser access for your NFTs.
This cryptocurrency wallet and blockchain app is really great for helping you interact with Ethereum, and you can use it to purchase, sell, and trade your cryptocurrency with others in a way that is safe and secure.
Naturally, you can also use this wallet to purchase NFTs from a number of different NFT marketplaces.
They are secure, easy to use, and a popular option when it comes to managing your Ethereum tokens and considering more than 21 million people use this wallet worldwide, we think that it is a good option.
They offer a secure login, as well as a token wallet; basically, everything that you need to be able to sufficiently handle your digital assets.
You can also gain a browser extension as well as a mobile app, so that you can set up a workflow in a way that suits your needs the best.
They even have a browser plug-in, so all you have to do to access them is get on the web.
One of the biggest advantages to this NFT wallet is that they are well-suited to both beginners and advanced users, because they have an in-depth understanding of the industry.
With more than 1 million downloads, they are seriously doing well with their existing clients.
They say their goal is to democratize access to the decentralized web and encourage mass adoption of blockchain technology.
What is an NFT Wallet?
NFT wallets are one of the safest ways to purchase, manage, or sell non-fungible tokens.
Because there are a number of wallets that you can make the most of to keep your NFTs safe, having a good understanding of each one is really important.
The right NFT wallet for you is going to depend on a number of different factors, including the kind of cryptocurrency coins that you are storing, as well as how much experience you have had in the past with blockchain technology, and your need for security.
If you want to store NFTs, you also need to think about finding a wallet that is compatible with the NFTs that you are trading.
This is because not every wallet is going to be able to store every kind of token out there, so it is important to do this kind of research before you choose the right wallet.
What to Look for in a Wallet
Anonymity
One of the most important things to think about when deciding on the right NFT wallet for your needs is the level of anonymity that it offers, as well as the level of privacy.
Some wallets make it really easy for anybody to see the transactions that are made with blockchain-based assets.
Other wallets are a lot more private, but they are also less user-friendly, because they don’t offer integrated exchanges to purchase NFTs online.
The best NFT wallet for you is going depend on your specific requirements and needs, and a lot of the time, anonymity is just as important as user friendliness.
In the current market, personal data is strongly sought after, so you need to make sure that your chosen wallet offers the best security features so that you can protect your information.
Removal of Transaction Limits
There are some NFT wallets out there that have withdrawal limits that are going to cause issues for big token traders.
In a perfect world, NFT wallets should have no such limitations, and users should be able to withdraw deposit any amounts of tokens that they like.
Of course, this would also mean no more waiting around for those transactions to be confirmed by the network.
The right wallet is going to offer you a lot of freedom when it comes to how you conduct your transactions.
Users should be able to withdraw and deposit any amount that they like so think about this when you are considering the right NFT wallet.
Compatibility with Exchanges
Another thing to think about when considering NFT wallets is how compatible they are with different exchanges.
If you’re wanting to trade your tokens in the future, you will need to make the most of a blockchain wallet that is compatible with a number of exchanges.
Otherwise, if those tokens aren’t compatible with other wallets, then it is going to be difficult to trade them.
NFT transactions aren’t limited to just exchanges, there are a lot of apps out there that let users interact with different NFTs.
Of course, this is essential for users who are buying and selling their NFTs.
It lets them use a wallet that is compatible with most exchanges, so that you can easily make your transactions, and even purchase NFTs in a number of different apps.
Support for a Specific Token
The last feature to think about is whether or not the wallet is going to support your specific token.
ERC721 is standard when it comes to NFTs, which means that every token has its unique properties within the blockchain.
Another one to consider is ERC1155, which is a smart contract interface, and might represent any kinds of NFTs.
Naturally, you need to find an NFT wallet that is going to cater to the kinds of tokens that you’re wanting to trade.
Security
You need to make sure that you are always using a secure and safe solution that is going to offer you good protection when it comes to NFTs, no matter what kind of assets you own and are wanting to trade.
Companies need to keep an eye on wallet addresses that are public so that they can prevent criminals from pilfering tokens that have been kept on the blockchain.
The best NFT wallets out there are going to offer features including two-factor authentication, which gives you an extra layer of security to prevent hackers and criminals from getting into your account.
Two-factor authentication adds another level to the login process, to ensure that you are definitely the owner of the profile before you access it.
The providers of NFT wallets need to make sure that they communicate all possible dangers and risks of investing in cryptocurrency to their users.
This includes not just scams that can occur online, but other potential issues.
The wallets that are right for you are going to have really good encryption methods so that you can easily protect your data.
A Mobile Version
Cryptocurrency collectibles are becoming more and more common and popular, so you might want to think about whether you want to find an NFT wallet that comes with a mobile app, so that you can store your NFTs on the go.
Many people are now using their phones to make their NFT transactions, instead of their desktops.
Naturally, a mobile wallet needs to have secure encryption technology, so that it can easily keep your data completely safe and private at all times.
Encryption is going to scramble sensitive information, making it impossible for third parties to hack into.
This means that even if your phone gets hacked, your NFTs are still going to be safe.
Customer Service
Purchasing and selling NFTs, whether you are going with a really popular NFT, or something that is still a little bit obscure, can be complicated, especially if you are pretty new to the world of blockchain.
Of course, it is going to help if you find an NFT wallet that has really good customer support, so that any issues that come from trying to trade NFTs can be easily and quickly resolved.
When deciding on which NFT wallet to use, you might want to think about how long it takes them to respond, whether they have 24/7 support in the form of a chat box or email and whether there is a phone number that you can call in case there is an emergency.
Conversion Fee
If you are purchasing cryptocurrency with Fiat currency, this is highly likely to involve a conversion fee.
A conversion fee is when an exchange takes money from the crypto currency in order to sell it for the Fiat currency.
When looking at wallets, you need to think about what kind of conversion fees you are looking at, especially when it comes to withdrawing and depositing your NFTs.
User Experience
Of course, the type of interface and dashboard that you’re going to be interacting with that the NFT wallet offers needs to be straightforward and user friendly.
It will be super frustrating when you’re trying to access your account, and you are trying to deal with a complicated interface that makes it really difficult to navigate.
Thankfully, all of the wallets we have talked about on this list above offer a super user-friendly experience, which makes it really easy for you to use their features about any issues.
FAQs
Why are NFTs Popular?
NFTs are really popular because a lot of people are interested in crypto collectibles, whether it is to boast the fact that they have a rare item or just for the sake of having something that is going to increase in value over time.
Yes, it is one of those new-age investments, but NFTs have a number of advantages over other kinds of cryptocurrencies.
One example of this is the fact that you can easily trade them with other collectors on exchanges which means that they hold a lot of potential for long-term investors.
NFT collectors can also make the most of them because NFTs can be easily stored in wallets and collected like any other asset.
NFT art has increased in popularity significantly, too.
Why Do I Have to Use Two-Factor Authentication?
Sometimes, two-factor authentication can be cumbersome and frustrating, especially if you want to be able to quickly access your NFTs and your wallet.
However, as we mentioned above, two-factor authentication is really important especially if you want to keep your personal information safe from hackers.
It just means that it makes it that much harder for hackers to access your account and steal your assets.
Can I Trade my NFTs in Fiat Currency?
A lot of the NFT wallets we’ve talked about above as well as others in the industry are going to let you trade your NFTs with Fiat currency, but just know that not all of them are compatible with Fiat currency, which means that you will need to consider this when looking for the right NFT wallet.
While just some of them let you trade in Fiat currency, all of them are going to let you trade in cryptocurrency.
Final Thoughts
The reality is that NFTs aren’t going anywhere, and we predict that they are just going to become more and more popular as a virtual asset that you can hold onto for a long time, and potentially make some money from.
The good news is that when it comes to the best NFT wallets that we have reviewed on this list for 2023, there are varying levels of ease of use, which means that for the most part, you are going to be able to dive right into purchasing and selling NFTs, even if you have had no experience doing so in the past.
We highly recommend that you do your research, and experiment a little bit with a few options so that you can find the one that suits your needs the best.
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Written by Thomas McGovern
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