Looking to enter the NFT marketplace? Whether you’re planning on buying or selling, first you’re gonna need a solid crypto wallet. A DeFi wallet, or crypto wallet, is where your digital assets (i.e. crypto, NFTs) are safely stored after they are purchased or minted.
Before you make your decision, keep in mind that it’s important to choose a wallet that has solid security, a user-friendly interface, and cross-chain compatibility. Each wallet will have its own unique features and differences from the next, so it’s up to the user to decide what their needs are and which one will work best for them. In this article, we’re going to go over 5 of the best and most popular crypto wallets so that you can be informed and take your next step into the NFT world!
Overall, MetaMask is an incredibly solid choice and is the most popular NFT wallet right now for both creators and collectors. It started out as a browser extension, but has grown to be an interface for collecting NFTs and exploring decentralized applications (dApps) with the addition of its mobile version in 2020. Metamask allows its users to create an Ethereum wallet so that they can connect with Ethereum based platforms in order to mint and trade NFTs. This wallet is limited in that it can only connect with Ethereum and EVM compatible blockchains, but it makes up for this in its simplicity and reliability. Even the most inexperienced users can easily trade, switch between various ETH addresses, and be sure that their web extension and mobile transactions are directly linked. Metamask also provides its own browser for browsing NFTs and dApps in its mobile version.
Alpha Wallet is probably the next most popular choice as of now, given its user-friendly interface and capability of storing in-game assets. This wallet is only compatible with the Ethereum blockchain and allows for its users to mint and collect NFTs. It also includes a built-in web3 browser so that its users can explore various decentralized applications. Many collectors love this wallet because of how it supports applications like CryptoKitties, ChainZ Arena, and Dragonereum. The main criticism of Alpha Wallet is that it’s only available as a mobile app, although it’s still in the process of development. Although this may be the case, its website is still a helpful resource to creatives, developers, and businesses because of the open-source tools it offers.
The Math Wallet is a self-proclaimed “gateway to the world of blockchain,” providing support for 65 public blockchains. This wallet is backed by several industry leaders, including Alameda Research and Binance Labs. Math Wallet is widely praised because it allows for cross-device synchonization and is compatible with most major blockchains. This wallet also has a built-in swap feature, allowing for its users to exchange their cryptocurrencies for those of another variety. Another feature of Math Wallet is that it’s dApp store is easily accessible and can be used to browse various NFT selling platforms, as well as a wide variety of other decentralized applications. This wallet is available as a browser extension, mobile app, and web wallet.
This wallet is known for its simple user interface and ability to collect in-game NFTs, among other assets. In addition, Enjin also provides its own marketplace for trading digital assets using its native token, ENJ. This platform is praised for its security and range of advanced features, including auto-lock and biometrics. Enjin also has its own built-in exchange, so that its users can easily and quickly convert their cryptocurrencies into another kind. Some criticise Enjin because it’s only available as a mobile app, but others love it for its simplicity and user friendly design. Unlike many other wallets, Enjin has its own customer support desk, making sure that you can always get the help you need!
The Trust Wallet is yet another solid and popular option for NFT collectors, having over 5 million users and a simple interface. This wallet is available as a mobile app and provides support to several blockchains. It offers native integration for several public chains, including Ethereum Classic, Binance Smart Chain, and ThunderToken, amongst others. In the app, you can easily find a list of dApps and browse NFT sites like OpenSea, Axie Infinity, or MyCrypto Heroes. Trust Wallet is widely praised for its user-friendly design, helping those new to the crypto and NFT world get their footing and start exploring. Although this wallet doesn’t support the transfer of NFTs, you will be able to exchange your crypto directly within the app. If you decide to go with this wallet, it’s also important to note that because of its affiliation with Binance, it tends to promote their products more than those of Ethereum.