Top 5 NFT Wallets in 2022

"If Bitcoin can have value, if Ethereum can have value, then in theory, an NFT can have value as long as the smart contracts and the social contracts and the community enforcing it has value." 

- naval

 

For those who are not aware of NFT wallets, it is a digital wallet but in this you don’t add money or cryptocurrency. This wallet provides you access to the blockchain network which has assets. 

 

Access is given via a key which is then used by the wallet owner to approve, authenticate and complete the whole buying and selling process. Wallet will simply ease the whole transaction and give you an account of your sale and purchase. 

 

In case you use multiple devices then via a wallet you can track all your transactions in any device after you login your account. In this blog, you will get a detailed introduction on the Top 5 NFT wallets that are very popular in 2022.

 

Also Read | How to Create an NFT Wallet for Yourself?

 

 

Top 5 NFT Wallets in 2022

 

Here is a list of top 5 NFT wallets that you can use in 2022 :

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Top 5 NFT Wallets

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1. Metamask

 

Founded in - 2016

 

Founders- Aaron Davis, Dan Finlay

Metamask is a crypto wallet which permits buying, selling and exchanging ETH. It also acts as an overpass between the browsers and blockchain. It is one of the safest crypto wallets and there have been no hacking or related incidents on it. 

 

The only issue with this wallet is that it is connected via the internet which has its own inherent risks. It works on Javascript. It is a browser wallet and therefore will not take any of your personal information. 

 

The interface is user friendly and users have a seamless experience. Some of the benefits of using Metamask are:

 

• It has great customer support. You can check out their FAQ section and blogs for any kind of information.
• The community size of Metamask is quite big. It has millions of users that are connected to ETH blockchain via their wallet.
• This wallet also allows in-app purchases. Their wallet is linked to some popular exchanges like Coinbase and Shapeshift.
• The interface of Metamask is simple, easy and user friendly too.

 

There are three things that you must keep in mind to ensure complete safety on Metamask :

 

• Always have a backup.
• Never share your key.
• If you deal with a lot of money then choose hardware wallets.

 

 

2. Math Wallet

Founded in - 2017

 

Founder- Eric Yu

Math Wallet is another crypto wallet which is completely universal. It can be operated on mobiles, desktops, laptops. You also have the option to add it as an extension on your browser. 

 

In this wallet you can store BTC, Polkadot, ETH and many other cryptocurrencies. It also offers a cross exchange with many other platforms. With this wallet you can buy, store and exchange NFTs easily. 

 

You can track your transactions and check your portfolio whenever you want. This wallet allows you to connect with almost 70 chains apart from ETH blockchain. 

 

If you want a hardware wallet then you have the option to connect your Math wallet with hardware wallet. It also has the dApp option. Being one of the biggest and most popular wallets, it has many big partners like- Fenbushi Capital, FundamentalLabs and Amber AI. 

 

You also get rewards in the form of Math Token. Math Wallet is a very big competitor of Metamask wallet as people find it as a reliable alternative. You can view so many marketplaces for NFT using Math wallet. 

 

The only prevalent risks here are related to backup, which you can create on your own and apart from it basic security issues that a user can prevent if he is careful. 

 

 

3. Alpha Wallet

 

Founded in - 2017

 

Founder - James Brown

 

Alpha Wallet is also an ethereum blockchain based wallet. One of the prominent reasons why users choose it is because it is so simple to use and you can collect any kind of NFT you like. 

 

It functions on both Android and IOS. The most special feature of this wallet is that it has a whole segment dedicated specially for NFT dealings. The credibility of this wallet is even higher due to its partnership with Coinbase, Circle and others. 

 

Right now in terms of NFT, only ETH is supported but still it is a great wallet. There is a tagging feature on this wallet through which you can sort the NFTs as per your choice. 

 

Security wise this wallet is very safe and has a “secure enclave” system. The benefits of using this wallet are:

 

• It is an open source, free custodian wallet.

 

• Safety measures are taken.

 

• You can change the speed of transactions.

 

The only drawback of using Alpha Wallet is that till now they only function via a mobile application. So, if anyone wants to use it on a desktop or laptop, they will have to download the app else it won’t work.

 

Also Read | 10 Best NFT Marketplaces

 

4. Trust Wallet

 

Founded in -  2017

 

Founder - Viktor Radchenko

 

For beginners, Trust wallet is an excellent choice. If you are new in NFT collection and trading then this wallet has the best interface. You can download the app- Android or IOS and there is no private key. 

 

It is decentralized and open. You get around 53 blockchain network connections and more than a million cryptos. ETH and Binance both chains are here. You will find a whole segment on NFT and its related issues. 

 

In this segment you will get info about each and every NFT, its properties etc. With this wallet you can store all your precious NFTs. With Trust Wallet you can explore different NFT marketplaces. 

 

Along with NFT, you can also deal with cryptocurrencies here. Some of the benefits of this wallet are:

 

• Separate section for NFT.

 

• ETH and Binance chain NFTs supported.

 

• Constant safety audits are conducted.

 

The only drawback when it comes to Trust Wallet is that you don’t have the option to connect it with a hardware wallet. But keeping this aise, this wallet has an excellent interface for a mobile application. 

 

With Trust Wallet you get to control all your NFT related trading options. You have plenty of options to buy and sell your NFTs at various marketplaces because this wallet offers exchange options.

 

5. Coinbase Wallet

 

Founded in - 2018

 

Founder- Brian Armstrong

 

Coinbase is one of the leading crypto and NFT wallets. Basically, coinbase started with a site and now it has its own wallet. It supports ETH chain NFTs. Along with NFTs you get access to around 44k crypto assets. 

 

It is non-custodial and a dApp. Security wise this wallet is very strong but the website is not so strong. There are many cases in which users were hacked and compromised. 

 

Actually, their website is a separate company and their wallet is managed separately. Therefore, the wallet is safe. There is a mobile application, extension as well as desktop functionality of this wallet. 

 

Many review sites have given it a bad rating based on the pending customer complaints. But overall it is a decent wallet for beginners. In terms of NFTs, there can be improvements as compared to other wallets. 

 

Even though it is free, a nominal blockchain transaction fee has to be paid, but this wallet is also in the list of most low-cost wallets. You can easily store your NFTs here but since the wallet is not an open-source wallet you can face some issues. 

 

The company Coinbase came into existence in 2012 and 6 years later they launched their own wallet. Currently the MV of this company is around $35 billion.

 

 

How to choose the best NFT Wallet?

 

Now that we know about the top 5 wallets this year, the next step is to understand how to choose the best one. Here some features of NFT Wallet to look for:

 

1. Compatibility

 

There are many marketplaces where you can buy and sell NFT as well cryptocurrency. Always choose a wallet that is compatible with multiple marketplaces and not one. You don’t want to get stuck with a single platform when there is a whole market out there to look for. 

 

2. Security

 

NFTs are worth hundreds and millions of dollars. You cannot engage in any transaction which is not safe. There is a big risk when you deal with such a huge amount of money. Therefore, your wallet must be reliable and offer you complete security every time.

 

3. Easy Interface

 

NFT and blockchain is yet a complicated topic for many. People are not able to grasp every bit of information available related to it. Therefore, a friendly interface which is easy to understand is a must. Choose your NFT wallet accordingly.

 

4. Usage

 

Sometimes people own multiple devices. Like 2 separate laptops for office and home, 2 mobiles for office and work. In such cases, people can make transactions from any device they hold. 

 

Markets are volatile so you cannot wait to come home and then buy crypto and NFT. You need to do that on the spot before someone else buys it. So a wallet must be functional on every device you hold. Otherwise, there is no use for it.

 

5. Support System

 

In most cases NFT are present on an Ethereum blockchain but there are certain platforms that support others as well. So, the wallet must be useful on other platforms as well. There is no point in making a new wallet for other platforms. A single wallet for all the transactions.

 

The only way you can understand NFT and blockchain is by becoming a part of it. The first and foremost step on any platform is to open a wallet. Therefore, you must choose a reliable one which supports everything