NFTs have quickly turned into an unstoppable force over the past year. They now seem to drive the entire cryptocurrency market forward. Even when the rest of the crypto ecosystem is in turmoil, non-fungible tokens are moving ahead, showing incredible signs of growth.

As a result, some unique NFTs and digital collections have made the news. This happened when prices started going ballistic, reaching several millions of dollars per image. Moreover, a new gaming industry niche entirely based on NFTs is developing as we speak. And because they have the potential to become so valuable, investors, collectors, and gamers (for NFTs related to gaming) need the best wallet for NFT storage.

This article should help you find the best NFT wallet that fulfills all your needs. To this end, we give a short overview of wallet technology and the different types of wallets available. Additionally, we will go into detail on how to use their essential features such as sending and receiving NFTs, linking them to NFT marketplaces, and reviewing your collections.

Finally, we will go over some of the best practices that you should employ so that your NFTs remain safe at all times. Let’s get started.

Short introduction to NFT wallets

Non-fungible tokens are unique digital assets registered on the blockchain. Unlike cryptocurrencies, NFTs are not interchangeable and each one has a unique set of properties embedded in its metadata. The digital ledger upon which they are registered allows us to track NFTs and provides proof of ownership.

Like all blockchain assets, NFTs are secured through asymmetric cryptography with a public and private key. NFT wallets will allow you to safely store these keys and act as an interface between the user and the blockchain. More importantly, they will allow you to effortlessly buy, sell, consult, and transfer NFTs.

However, your traditional cryptocurrency wallet might not be suitable for storing NFTs from the get-go. To be useful, the best wallet for NFT storage will need to have some extra features.

Essential characteristics of the best wallet for NFT storage

Every NFT wallet that you will come across will have a set of unique features that you will find more or less useful for your type of usage. However, there are several essentials that should always be included:

  • High security – because NFTs can be so valuable, you need to find the most secure wallet possible. The best wallet for NFT usually will provide you with additional security options, such as 2-factor authentication, a link to a hardware wallet, etc.
  • User-friendliness – the wallet’s primary goal is to improve the user experience when handling NFTs, regardless of your skill level. Additionally, because of NFTs’ nature, it can be handy to have a clear visualization of their artworks within the wallet. This feature will allow you to differentiate them at a glance and help you immensely when managing your collections.
  • Multi-platform – a wallet that can synchronize between your desktop and smartphone will allow you to manage your NFTs more efficiently. First, you will be able to mint NFTs from the safety and comfort of your desktop. And second, you will be able to buy and sell NFTs on the go with your smartphone. This can be extremely important when hunting for newly-released NFT with lots of profit potential.
  • Cross-chain compatibility – it’s undeniable that most of the NFT market resides on the Ethereum blockchain. However, competing networks like Solana and the Binance Smart Chain have recently become popular homes for NFTs. Consequently, a wallet that will allow you to handle NFTs across numerous blockchains will make your life easier by unburdening you from swapping between multiple wallet apps.

Best crypto wallet for NFT

With those essential characteristics in mind, we can now present you with our selection of the best crypto wallet for NFT in various categories.

MetaMask – top NFT wallet for the Ethereum blockchain

MetaMask is an Ethereum-compatible wallet and hands-down the most popular NFT wallet out there. Developed by the Ethereum Foundation, it seamlessly integrates NFTs into your community-favorite browsers (Chrome, Brave, Edge, and Firefox) through its lightweight extension.

To top things off, this extension is automatically detected by NFT marketplaces such as OpenSea and Rarible. As a result, you can safely link these platforms to your wallet and synchronize your collections across different ERC-721-supporting marketplaces.

MetaMask has a clean and user-friendly interface

Moreover, MetaMask is available for mobile devices as well, including Android ad iOS. The mobile app includes an NFT browser that allows you to visualize your NFTs. It’s a shame that this feature isn’t yet available on the browser extension version of the wallet.

And finally, we should note that in addition to Ethereum, MetaMask is compatible with the Binance Smart Chain and Polygon.

Trust wallet – best cross-chain NFT wallet

For users that need to have almost every option at their disposal, Trust Wallet is the way to go. The app is run by Binance and is one of the most widely used mobile wallets on the planet. This popularity is due to the incredible amount of supported blockchains by the wallet, 33 at the time of writing. As such, For NFTs users, Trust Wallet is a blessing.

It supports almost every major NFT blockchain, including Ethereum, Binance Smart Chain, Solana, Tron, WAX, and many more. Additionally, it has a direct in-app link to popular marketplaces and a visualization interface under the “Collectibles” tab in its UI.

Trust Wallet includes NFT visualization in its UI

However, there’s a major drawback that you should be aware of. Trust Wallet is only available for Android and iOS and is distributed solely as a smartphone app. So, even though it provides cross-chain support, creators might find themselves limited because of this.

Other options for NFT storage

Some cryptocurrency exchanges such as Coinbase have also added NFT support to their existing wallets. Moreover, popular wallet solutions such as Guarda have also added ERC-721 to their apps, allowing you to manage NFTs. They have even been offering NFT giveaways for those that use their platform to trade and swap cryptocurrencies.

How to start using MetaMask for NFT storage

Now that you have a good idea of what the best wallet for NFT might be, we can give you a quick guide on how to use these apps. In our tutorial, we will be focusing on MetaMask, as its covers the most popular NFT marketplaces and more than 90% of the entire ecosystem.

Installing MetaMask and creating a wallet

The installation procedure for the browser extension is quite simple. Just follow these steps:

  • Visit metamask.io to download the extension. Pro tip: Make sure that you type the website address correctly and never use external links to access the page. This will ensure that you land on the genuine MetaMask website.
  • Install the extension. The website will detect the browser you are using and provide you with the corresponding version of the software.
  • Create your Ethereum wallet. Once installed, you will be greeted by the MetaMask splash screen. Click on “Get Started” to create your wallet. 
  • Create a strong password. Make sure the password is complex enough so that it can’t be easily figured out, yet something you can remember easily. The latter part is equally important, as you will need to provide your password every time you wish to access your wallet.
  • Secure your backup phrase. Finally, you need to back up the mnemonic key that allows you to recover the contents of your wallet in case you forget your password. This is an essential part of securing your wallet, so write down the 12 words in the right order on a piece of paper. The recovery seed will also be useful in case you wish to synchronize the contents of your wallet with the MeatMask mobile app.

That’s it. You have now an Ethereum wallet ready to send and receive various NFTs and other fungible ERC20 tokens. You can access the wallet by clicking on the app icon in the extension bar of your browser.

Note: The process of installing the mobile version is mostly identical.

Connecting your wallet to an NFT marketplace

Before you start sending NFTs to your wallet, it’s always a good idea to send some Ether to your address. These funds will serve you to either:

  • buy NFTs on various marketplaces or 
  • pay for the transaction fees on the Ethereum network. 

You can either purchase some Ether on your favorite cryptocurrency exchange or directly through the MetaMask app. For the latter option, simply click on the “buy” icon in the wallet and follow the instructions on your screen.

Once you have funded your wallet with some ETH, the fun can begin! You can now head on to an NFT marketplace and connect to it with your wallet. Let’s take OpensSea as an example:

  1. Visit opensea.io.  
  2. Click on the wallet icon on the far-right side of the screen and choose the MetaMask wallet.

You will quickly realize that OpenSea should be your go-to solution for consulting your NFTs. It provides a clean interface and integrates animations, unlike most wallets.

Adding custom NFTs to your MetaMask wallet

Even MetaMask, the best wallet for NFT, has a drawback. Let’s say you have purchased a valuable NFT on OpenSea and you wish to consult it in your wallet. However, when you open your MetaMask extension, it’s nowhere to be found!

Don’t panic just yet, as most users experience this issue. The solution is to add the NFT manually, using the following procedure:

1. Connect your wallet to OpenSea as we explained in the previous chapter. You should find your NFT in your profile, under the “Collected” tab.

2. Click on the NFT and open its details page. Select the “Details” section and click on the contract address.

3. This will open the Etherescan blockchain explorer, where you can copy the contract address to your clipboard. Click on the button right next to the address to do this.

4. Then, in your MetaMask wallet, click on the “Add Token” button and select “Custom Token”. Paste the contract address in the required field.

5. The wallet will populate the Token symbol and once you click on Next, your NFT will show up in your wallet!

Note: That this trick usually works with other NFT wallets, including Trust Wallet.

Sending and receiving NFTs

Sending and receiving NFTs is as straightforward as with cryptocurrencies. You just need to select the token and paste the recipient address. Just keep in mind that every time you transfer NFTs you will need to pay some gas fees. If your wallet hasn’t been funded with a sufficient amount of ETH, the transfer will not be able to initiate.

Additional tips to keep your NFTs safe

Now that you know how to use the best wallet for NFT, let’s have a look at some of the best practices to keep your assets safe.

  • Never share your 12-word passphrase – your mnemonic phrase is the private key to your wallet. Because it gives full access to your assets, always keep it secret. Never share it with anyone online, send it in an email or even hold it in a digital file on your pc or mobile phone. Write it down on a piece of paper and keep it offline at all times.
  • Store your mnemonic phrase somewhere safe – in addition to writing it down, you should store your piece of paper securely. In a safe, a fireproof/waterproof box, or a safety deposit box, for instance. You can even laminate it to protect it from the elements. Bonus points if you save parts of it in different secure places.
  • Enhance your security with a hardware wallet – finally, you can add 2-factor authentication to MetaMask by connecting it to a hardware wallet such as Trezor or Ledger. This way, even if your wallet password gets hacked, the hacker won’t be able to spend your funds without access to the physical device. Check out the video below to learn how to do this.

Wrapping up

In the past year, the NFT craze has allowed droves of investors and artists to make incredible profits. NFTs increased the reach of the blockchain industry and raised the awareness of cryptographical assets with the mainstream public. In this article, we provided:

  • Two options for the best wallet for NFT storage.
  • A guide on how to install the MetaMask extension for your browser.
  • A walkthrough on connecting your MetaMask wallet to OpenSea.
  • Instructions on how to add unique NFTs to your wallet.
  • A list of best practices to keep your NFT wallet safe from hacks.

So regardless if you are an artist, gamer, collector, or trader, this article should come in handy for choosing the best wallet for NFT storage.