If you're an avid collector of NFTs, then you know the importance of having a reliable and secure wallet to store and manage your collection. And, if you’ve got your own collection (hellooooo - you’re already on Tropee right?), it's especially important to choose a wallet that is secure and easy to use, as you'll be relying on it to manage and sell your creations.
But, with so many options available, it can be tough to know which wallet is the best choice for you. That's why we've compiled a list of the top 10 wallets for your NFTs, to help you make an informed decision. From browser extensions to hardware wallets, there's something on this list for every type of NFT collector and creator.
First thing’s first - let’s look at the difference between ‘hot and cold’ wallets. A cold wallet, also known as a hardware wallet, is a type of cryptocurrency wallet that stores private keys offline in a physical device. This added security measure helps to protect the user's assets from potential hacking or theft. Cold wallets are considered to be the most secure way to store cryptocurrencies.
On the other hand, a hot wallet is a type of cryptocurrency wallet that stores private keys online, typically on a computer or mobile device. While hot wallets are more convenient to use, they are considered to be less secure than cold wallets as they are connected to the internet and vulnerable to hacking or theft.
Got it? Good! So, without further ado, here are our top picks:
NGRAVE is one example of a highly secure cold wallet. It's a hardware wallet that uses advanced security features like a tamper-proof chip, a secure element, and a backup system. Great stuff.
MetaMask is a browser extension is a popular choice for people looking to store and manage their NFTs directly in their browser. It allows users to interact with decentralized applications (dApps) on the Ethereum network, and also lets people securely store and manage their private keys, which are necessary to access their NFTs. The extension is user-friendly, easy-to-use and works with most popular web browsers.
MyEtherWallet is a pretty cool open-source, client-side wallet. It allows users to store and manage their NFTs on the Ethereum network. It’s a simple, user-friendly and easy-to-use option for those new to the world of NFTs, it offers a range of features and functionality such as token swap, staking and buying cryptocurrencies. The wallet also allows users to have full control over their private keys, providing an extra layer of security. Good stuff.
4. Coinbase Wallet
Coinbase Wallet is a mobile wallet that is a great option for people looking for a convenient and secure way to manage their NFT collection. It allows users to store, buy, and sell NFTs on the go, and also allows for easy integration with other Coinbase products, such as Coinbase.com, making it an all-in-one solution for managing cryptocurrencies and NFTs. We like one-stop-shops at Tropee (mainly cos we are one). The app also features a built-in DApp browser and supports multiple networks including Ethereum.
5. Crypto.com Wallet
You’ll know Crypto.com as a leading crypto exchange, and the Crypto.com DeFi Wallet is dedicated to storing decentralized finance crypto assets. Users can easily access Crypto.com from their wallet to buy and sell crypto. If you’re looking for the right place to park Bitcoin, Ethereum and USDC under one roof, this one might well be the wallet for you.
6. Trust Wallet
Trust Wallet is a mobile wallet that is another popular choice for those looking to store and manage their NFTs on the go. It’s well known for its security and ease of use, and supports multiple blockchains including Ethereum. The wallet also has a built-in DApp browser and offers users the option of hardware wallet integration.
7. Ledger Nano X
Ledger Nano X is a hardware wallet, it is a secure option for smart NFT folk looking to store their NFTs offline. It uses advanced security measures to protect users' assets, such as a pin code, and allows users to manage their NFTs on the go using its mobile app. It supports multiple cryptocurrencies including Ethereum (everyone’s fave and the world leader). With Ledger Nano X, users have full control over their private keys and can even use it to hold and manage multiple accounts. Check out their last wallet with a NFT display option.
Trezor is another popular hardware wallet option for cold storage that allows users to store and manage their NFTs offline for added security. It supports multiple cryptocurrencies including Ethereum and offers advanced security features such as password-protected recovery seed, which helps users to restore their funds in case the device is lost or stolen. Trezor is a great option for those with a large collection of NFTs and a high level of concern for security.
SafePal is a hot wallet that serves more than 6 million users across more than 190 countries. Big stuff. It supports all major cryptocurrencies, including popular stablecoins like Dai (DAI) and TrueUSD (TUSD). One major plus point of SafePal is its integration with crypto exchange Binance. This means you can seamlessly connect to Binance for the buying and selling of crypto via your SafePal wallet.
Guarda is a multi-currency wallet that allows users to store and manage their NFTs on multiple blockchains. It offers a wide range of features and functionalities such as buying and selling cryptocurrencies, token swap, and it’s beautifully easy to use. It's a convenient option for those looking to manage their entire NFT collection in one place.
So, there you have it. There are many great options available for storing and managing your NFTs. Ofc, the best choice for you will depend on your specific needs and preferences - but, whether you're a beginner or a seasoned pro, there's a wallet out there that will suit your needs.