Pick an NFT Wallet in 7 Minutes or Less...
Picking out an NFT wallet can be daunting, our quick guide will help you navigate the waters of this new world.
NFTs are tokens and currency and are stored as such. We store NFTs the same we store our other fungible crypto assets like Bitcoin, Ether, etc. in what we call a “Wallet”.
A wallet is an application that allows users to store information about their cryptocurrency assets. In many cases, setting up a crypto wallet is usually free or relatively low cost, however, not all wallets are made equally!
Keep in mind that for a wallet to support NFT transactions, it has to be a web3 based. This means that your regular crypto wallet might not work if you’re trying to purchase, transfer, or hold your NFTs.
Below, we’ve gathered some of the most popular platforms for NFT wallets and list some of their pros and cons. Please keep in mind that this list is in no particular order of importance or preference, but all crypto wallets are not created equal.
Coinbase Wallet
Coinbase Wallet supports multiple coins, including NFTs. It’s compatible with Android and iOS, so it’s really easy to check while you’re on the go. It’s convenient because it’ll keep track of your NFTs along with your other cryptocurrency.
One of the most convenient features of the wallet are the wallet usernames. Wallet addresses can be long and tricky, so Coinbase allows user to assign a username to their wallet address. This makes it easy and convenient to send crypto between wallets to send payment to retailers, family, or friends. If you’re interested in this wallet you can check it out at: wallet.coinbase.com
Pillar Wallet
Pillar Wallet is an open-source platform developed to store, transact or track NFTs and other cryptocurrencies. Like the Coinbase Wallet, it is compatible with Android and iOS so that it’s easily accesible on the go.
Another perk of the Pillar Wallet is its easy to use design and UI. It’s a perfect wallet for beginners and those who are less tech-savvy, so it’s easy to own and collect NFTs. Pillar wallets can also be assigned their own username so that it’s easy to transfer money between wallets.
The most unique feature of this wallet is the privacy. Pillar allows users to store, track, and release their information to others on the app. For example, it would be the equivalent of you making a purchase with your debit card, getting the money debited, and the bank not being able to share any information about where you spent the money. This structure allows Pillar to provide users with an almost unprecedented amount privacy and security.
If you’re interested in the Pillar Wallet, you can check it out here: Pillar Project
Enjin Crypto Wallet
The Enjin Platform is the creator of the ERC-1155 token standard, so it makes sense that they have a wallet that supports NFTs among other cryptocurrencies. The Enjin Crypto Wallet is a secure mobile cryptocurrency wallet compatible with iOS and Android devices.
Enjin has an easy to navigate user interface, convenient registration, and a multitude of tokens. One of the best features of the app is that it has a DApp browser built in so that users can freely move between crypto sites such as Cryptokitties and Six Dragons without having to leave the app. One down side is that, it is a closed source code, and there’s no transaction time estimation, so you don’t know how long transactions will take after you’ve staked your tokens.
If you’re interested, you can check it out here: Enjin Wallet
MetaMask Wallet
MetaMask is a secure, industry-standard, multi-coin wallet that is used in Google Chrome, Mozilla Firefox, and Brave Browsers as an extension that provides users secure access to their cryptocurrency right inside their favorite browser.
MetaMask allows users to purchase crypto via Coinbase and ShapeShift. One of the biggest features of MetaMask is that it lives in your browser, so when you’re browsing the web you can easily buy and trade Ethereum and ERC-20 based tokens right in your browser.
Metamask also has a mobile app that’s free to download, so that users can access their wallets and buy crypto on the go.
If you’re interested in the MetaMask wallet, you can check it out here: MetaMask Wallet
Trust Wallet
Trust wallet is a secure multi-coin wallet platform that allows users to make quick trades. Similar to Enjin, Trust Wallet has its own DApp Browser that allows users to easily switch between different Ethereum projects.
On top of this, Trust Wallet allows users to easily stake tokens. Staking is when you loan the platform a form of currency for a specified period of time. The platform then pays you for allowing them to borrow your money, similar to the way that interest works in a bank. One of the coolest features of the Trust Wallet is the staking that they offer to users. For some of the coins, you can get up to a 1400% return on some of your tokens. It’s a really great wallet to look into if you’re interested in growing your money and learning about new tokens Ethereum based projects.
You can check out Trust Wallet here: Trust Wallet
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