Introduction to NFT Wallets
An NFT wallet is a cryptocurrency wallet with support for Non-Fungible Tokens (NFTs). Crypto wallets are applications (hot wallets) or devices (cold wallets) that allow you to store, send, and receive digital assets, e.g., cryptocurrencies. NFTs are a subset of digital assets, usually in the form of a digital image. Ownership of the images is recorded on the blockchain, thus NFTs can be traded and transacted like standard cryptocurrencies.
NFTs can have a lot of value. We’ve seen examples of CryptoPunks and Bored Apes selling for vast amounts. Even those with little monetary value can have sentimental value to holders. NFTs can be stolen if your wallet is compromised, so it is important to choose a secure NFT wallet. Indeed, it’s worth remembering that you are not limited to hot wallets for NFTs; you can explore cold storage for NFTs offline in a hardware wallet.
NFT-compatible wallets will have additional capabilities compared to wallets focused only on traditional crypto tokens. They may, for instance, have functions to display NFTs visually in a gallery. And they may have integrations with popular NFT marketplaces like OpenSea and Rarible.
Features to Look for in an NFT Wallet
In some respects, the features you want in an NFT wallet are the same as those in any cryptocurrency wallet: robust security, user-friendliness, etc. Yet, there are some additional features and functionalities specific to NFTs. Our NFT wallet reviews and rankings will highlight which wallets have the capabilities to suit your needs.
Types of NFT Wallets
Best NFT Wallets for Beginners
Trust Wallet
A popular wallet with a lot of NFT functionality. Trust Wallet has an easy-to-use interface and built-in marketplace access. It supports NFTs from multiple blockchains. NFTs on Trust Wallet can unlock extra benefits, such as exclusive rewards and memberships. Considered one of the best multi-chain NFT wallet options for beginners.
Trust Wallet
- 5,500+ assets
- Platforms:
- Bluetooth:
- Multi-account:
- DApp & NFTs:
- Self-Custodial:
- Open Source:
- AES encryption, 2FA optional, no multisig
Coinbase Wallet
Another popular beginner NFT wallet, Coinbase Wallet has many advantages: It is compatible with different NFT blockchains and has great security features, including biometrics. Users can also benefit from the Base ecosystem, which has native NFTs, staking, etc.
Best NFT Wallets for Advanced Users
MetaMask
A wallet built for Ethereum and blockchains linked to its vast network, MetaMask is a good option for advanced users due to its compatibility and integrations with Web3 and DeFi products.
MetaMask Wallet
- ETH & EVM tokens
- Platforms:
- Staking:
- Swap:
- EVM Support:
- Self-Custodial:
- Open-source:
- AES encryption, 2FA & multisig via third-party tools
Phantom Wallet
Phantom Wallet is to Solana what MetaMask is to Ethereum. If you wish to explore the growing world of Solana-based NFTs, Phantom Wallet is a hugely popular choice.
Phantom
- Security Features:
- Platforms:
- Supported Cryptos: SOL, ETH, MATIC, BTC, NFTs
- DeFi & NFT Support:
- Staking & Earning:
- Transaction Fees: Low
- Experience: Beginner-Friendly
- KYC Requirement: None
- Custody Type: Non-Custodial
- Decentralization: Semi-Decentralized
Best Cold Wallets for NFT Storage
Ledger Nano X
A top-tier option for cold storage for NFTs, Ledger Nano X keeps your NFTs stored securely offline. The hardware wallet has a companion app, Ledger Live, which offers additional functionality and integration with web3 platforms.
Ledger Nano X
- 5,500+ assets
- Platforms:
- Bluetooth:
- Battery:
- Multi-account:
- NFT/DApp Support:
- Open Source:
- Air-gapped, PIN, multisig, tamper-proof hardware
Trezor Model T
A popular alternative to the Ledger Nano X, the Trezor Model T is a good choice and is often cited as one of the best hardware wallets for NFT collectors. Further compatibility with hot wallets and NFT marketplaces is offered through the Trezor Suite app.
Trezor Safe 5
- Multi-asset: BTC, ETH, ERC-20, NFTs
- Platforms:
- Offline QR security:
- Multi-signature:
- PIN & Biometrics:
- Open-source firmware:
- Tamper protection:
- 25th Word Passphrase Support
Scores & Rankings
Our NFT wallet reviews and rankings system are designed to give you comprehensive advice before you make your choice. Whether you want an NFT wallet for OpenSea and Rarible marketplace interaction, or you are a trader who wishes to find NFT wallets with low gas fees, we pinpoint the factors that matter. Additionally, we incorporate wider community feedback into our reviews. These include scores and ratings from Trustpilot, Google Play, and the App Store. We also have Editor’s Picks, highlighting the standout NFT wallet solutions available today.
Features to Look for in a Cold Wallet
Encryption & Private Key Management
A good NFT wallet should encrypt your data and ensure that your private keys never leave your device unless explicitly authorized.
Seed Phrase Backup
The ability to securely back up your wallet using a 12 (or 24) word recovery phrase is essential. Top NFT wallets will have guides and tutorials to help you store your seed phrase properly.
Biometric / 2FA Support
: We highlight wallets that support biometrics (fingerprint/face ID) or 2FA (Two-Factor Authentication for an extra layer of protection.
DeFi & Staking Support
NFTs are becoming more utility-driven. This means they can earn rewards through processes like staking or even be used as collateral in DeFi applications. We’ll showcase the best NFT wallets for staking and DeFi in our crypto wallet reviews.
Blockchain Compatibility
Not all NFT wallets support assets from every blockchain. We highlight the best NFT wallets for chains like Ethereum, Solana, Polygon, Flow, Tezos, and Bitcoin (Ordinals), as well as the best multi-chain NFT wallet options available.
Marketplace Integration
As an NFT holder, you will want direct compatibility with marketplaces like OpenSea, Rarible, Magic Eden, etc., if and when you want to sell your digital assets. Our NFT wallet reviews will point to compatibility and integrations with NFT marketplaces, as well as highlighting any exclusions.
User Experience (UX)
User Experience (UX) is an important aspect when choosing an NFT crypto wallet. Ease of use, mobile vs. desktop functionality, and viewing galleries are among the NFT wallet features we highlight.
Gas Fee Optimization
The best NFT wallets will have mechanisms in place to optimize transaction (gas) fees. This may be in the form of custom settings, where the wallet allows you to adjust speed in relation to cost or have integration with Layer 2 networks (a blockchain that supports another, e.g., Polygon and Ethereum) to lower gas fees.
FAQs
What is the safest wallet for storing NFTs?
If you have valuable NFTs, it is recommended to store them offline in a trusted hardware wallet like the Ledger Nano X. While many hot wallets have strong security features, there are always online threats like phishing scams that can compromise your NFT security.
Can I store NFTs from different blockchains in one wallet?
Yes. Some wallets, such as Coinbase Wallet will let you store NFTs based on different blockchains. Others, like the Ethereum-focused MetaMask, will provide storage for NFTs compatible with a specific blockchain.
How do I transfer NFTs securely between wallets?
In the same manner as you would make a standard crypto transaction: Ensure you have the correct receiving wallet address (use the copy and paste options provided), go to the NFT section on your wallet, select the NFT you wish to send, and paste the address before sending. Always check that the receiving wallet supports the NFT you are sending
Do wallets support staking and NFT lending?
Yes. Many NFT wallets have additional functionalities that go beyond NFT storage, allowing you to stake or lend your NFTs. In most cases, this will be through integrations with decentralized applications (dApps) or De-Fi platforms.
How do I protect my NFT wallet from scams and phishing attacks?
Start by choosing a secure NFT wallet. Only download a hot wallet from official trusted sources. Beware of potentially malicious links and wallet connect prompts, as well as airdrop scams (when unknown NFTs are airdropped to your wallet). All of this should be in addition to good crypto wallet security practices, such as never sharing your seed phrase, passwords, etc.