NFT wallets are a crucial part of the investment process, as they allow you to easily store your cryptocurrency and NFTs in one convenient place. Thanks to the exponential growth of the NFT industry, there are now hundreds of wallets available for investors, each offering different tools and features.

To help smooth the decision-making process, this guide will discuss the best NFT wallet in detail. We’ll review the top options available for investors and show you how to set up an NFT wallet today – all in a matter of minutes.

The Best NFT Wallets List

Before you invest in the best NFTs, it’s wise to gain an overview of the top NFT wallets available on the market. Presented below are our picks for the best wallet providers, all of which will be reviewed individually in the following section:

  1. XDEFI Wallet – New in 2022 – Visit Now
  2. Crypto.com DeFi Wallet – Overall Best NFT Wallet – Visit Now
  3. Binance Chain Wallet – Popular Browser Extension NFT Wallet – Visit Now
  4. MetaMask – Best NFT Wallet with High Security Level
  5. Trust Wallet – User-Friendly NFT Wallet for Beginners
  6. AlphaWallet – Open-Source Self-Custodial NFT Wallet

The Top 5 NFT Wallets Reviewed

Much like the best crypto wallets, NFT wallets offer an easy way to store crypto and NFTs safely whilst also offering handy features that streamline the investment process. With that in mind, let’s dive in and explore the best NFT wallets individually so that you have a broader understanding of your options.

1. XDEFI Wallet – New in 2022

XDEFIXDEFI Wallet is a relative newcomer, but won the top spot on the list because it has rapidly established itself as the go-to NFT wallet for serious multichain NFT collectors. 

The main benefit of XDEFI Wallet is that all of your NFTs from five chains appear in a single, customizable gallery. Today, this includes all NFTs on Ethereum, Avalanche, BNB Smart Chain, Polygon and Terra.  The XDEFI Wallet team will soon be adding NFT support for Fantom, Solana, Arbitrum, Aurora, and NEAR.

In addition to NFT support, XDEFI Wallet allows users to store, swap and send more than 9,000 cryptocurrencies across 11 blockchains. It really shines with its in-wallet cross-chain swaps powered by THORChain and other leading bridges. 

XDEFI Wallet

XDEFI Wallet is ideal for first-time NFT collectors as well, since all blockchains are installed natively in the wallet – there is no need to fuss around with RPC codes.  

Despite its simple and easy exterior, under the hood XDEFI Wallet offers best-in-class security, with seamless Ledger hardware wallet connectivity and clear transaction signing screens. 

XDEFI Wallet has emerged as one of the best loved NFT wallets, with 80,000 weekly active users and a 5-star rating in the Chrome Store after 80,000 reviews. 

Pros

  • Displays NFTs from five chains in a single gallery
  • One secret phrase for all of your wallets
  • Built-in cross-chain swaps and bridging
  • Supports 11 blockchains

Cons

  • Only available as a Chrome extension (mobile app and web app coming soon)

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

2. Crypto.com DeFi Wallet – Popular NFT Wallet

crypto.com logoTop of our list when it comes to the best NFT wallets is Crypto.com. Most investors will be aware that Crypto.com is one of the best crypto exchanges worldwide, with over ten million registered users and regularly conducting over $2 billion in daily trading volume. Aside from crypto-trading services, Crypto.com also operates a dedicated NFT marketplace, which allows investors to buy and sell NFTs with no transaction fees.

However, one of the most appealing aspects of the Crypto.com platform is the dedicated NFT wallet offered to investors. Titled the ‘Crypto.com DeFi Wallet’, this wallet is non-custodial and can be downloaded via the App Store or Google Play. It is entirely free to use and supports over 100 cryptocurrencies, making it easy to hold the crypto needed to facilitate NFT trades.

crypto.com NFT wallet

The Crypto.com wallet is one of the best wallets for NFTs since it now has a dedicated section for digital collectibles. The NFTs section is designed to appear like a ‘gallery’, with your featured NFTs at the top and the remainder presented below in individual collections. Users can store Crypto.org chain NFTs in the wallet, along with Ethereum-based NFTs – with support for Cronos chain NFTs currently in the works.

Receiving NFTs is also easy with the Crypto.com wallet, as it provides a dedicated wallet address that makes NFT transfers simple. You can also send NFTs to other people in just a few taps, and Crypto.com even allows you to share your NFT on social media by creating a dedicated image template. Finally, the wallet even acts as one of the best crypto savings accounts, allowing users to earn interest on their holdings with no lock-up period!

Wallet Name Type of Wallet Blockchain Wallet Features Fees
Crypto.com DeFi Wallet Self-Custody Crypto.org Chain + Ethereum ·      Useful gallery feature

·      Can share NFTs to social media

Free
Pros

  • Free to download and use
  • Supports Ethereum and Crypto.org chain NFTs
  • Can share NFTs to social media
  • Earn interest on crypto holdings within the wallet
  • Innovative NFT ‘spotlight’ feature

Cons

  • Currently only supports two chains

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

3. Binance Chain Wallet – Popular Browser Extension NFT Wallet

binance logoAnother of the best NFT wallets to consider is the Binance Chain Wallet. As the name implies, this wallet is part of the suite of features offered by Binance, one of the top places to buy Bitcoin and other cryptos. Like Crypto.com, Binance became involved in the crypto space in 2021 and updated their native wallet to offer NFT support.

The Binance Chain Wallet is a browser-extension wallet that supports assets from the Binance Smart Chain, Binance Chain, and Ethereum. The wallet itself is relatively simple, offering an easy way to transfer tokens from the Binance exchange to the wallet’s interface. However, the wallet also supports NFTs, allowing owners to easily move their digital assets from the Binance NFT Marketplace to the Binance Chain Wallet.

binance nft wallet

Users can utilise the Binance Chain Wallet by logging in with their standard Binance credentials or signing up using a Gmail address. Although the wallet is light on features at present, it does ensure the safety of users’ assets by offering the option to create a seed phrase used to recover your account if you forget your password. Finally, the Binance Chain Wallet also allows users to interact with dApps and smart contracts through the wallet’s interface.

Wallet Name Type of Wallet Blockchain Wallet Features Fees
Binance Chain Wallet Custodial Binance Smart Chain + Binance Chain +  Ethereum ·      Browser-based NFT wallet

·      Seed phrase to recover account

Free
Pros

  • Supports BSC and Ethereum NFTs
  • Can log in using Binance credentials or Gmail
  • Easy to set up and use
  • Allows interaction with various dApps
  • Useful seed phrase for account recovery

Cons

  • Only available through a web browser
  • Doesn’t offer a dedicated gallery to showcase NFTs

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

4. MetaMask – Best NFT Wallet with High Security Level

metamask logoIf you’re looking for the best Ethereum wallet for NFTs, then MetaMask is worth considering. Most investors who research how to buy an NFT will likely have heard of MetaMask, as it is one of the most widely-used platforms to send, receive, and store NFTs. The wallet was initially launched in 2016 and has grown its user-base exponentially since then, with reports now stating that MetaMask has over 21 million active monthly users.

MetaMask is available as a browser extension or as an app for iOS and Android. Supported browsers include Google Chrome and Firefox, with the setup process taking minutes to complete. One of MetaMask’s most appealing factors is its security level, as the wallet generates passwords and keys on your device, meaning only you will have access to your data and holdings. Furthermore, these passwords and keys, along with your Secret Recovery Phase, are stored in an encrypted format to bolster security.

metamask nft wallet

If you’re looking to use an NFT hardware wallet, MetaMask is ideal because the wallet currently supports Trezor and Ledger wallets through the browser extension. In terms of NFTs, MetaMask supports Ethereum-based assets, which you can view on the ‘Collectibles’ tab of the wallet’s interface. Notably, MetaMask doesn’t currently offer a feature to view the NFTs, so they will only appear as a token on the menu.

Wallet Name Type of Wallet Blockchain Wallet Features Fees
MetaMask Self-Custody Ethereum ·      Accessible on browser, mobile, or tablet

·      Can connect with hardware wallets

Free
Pros

  • Can connect with hardware wallets
  • Supports ETH NFTs
  • 21 million monthly users
  • Available on browser, smartphone, and tablet

Cons

  • Doesn’t have a feature to showcase NFTs

5. Trust Wallet – User-Friendly NFT Wallet for Beginners

trust wallet logoTrust Wallet is viewed as the best NFT wallet for beginners, as the wallet’s interface is sleek and easy to navigate. Notably, Trust Wallet is available in app form for iOS and Android devices and doesn’t hold your private keys. The wallet is open-source and completely decentralised, supporting 53 different blockchains and over 1 million crypto assets.

Trust Wallet also has a dedicated section for NFTs and supports assets from the Ethereum blockchain and the Binance Smart Chain. The NFT section provides an easy way to view your owned NFTs and even describes each asset, along with a breakdown of the properties that NFT art pieces have. In terms of safety, the wallet’s dev team ensures regular audits are conducted to safeguard it from cyberattackers.

trust wallet NFTs

Aside from being able to store and view NFTs, Trust Wallet can also connect with many of the top NFT marketplaces, making it easy to buy NFTs. Furthermore, the Trust Wallet even has a dedicated dApp browser that provides easy access to NFT marketplaces to conduct transactions. Finally, the Trust Wallet is also ideal for crypto staking, as the wallet offers staking options for 12 different coins.

Wallet Name Type of Wallet Blockchain Wallet Features Fees
Trust Wallet Self-Custody Ethereum + Binance Smart Chain ·      Regularly audited

·      Can view NFTs easily

Free
Pros

  • Dedicated section to store and view NFTs
  • Supports Ethereum and BSC NFTs
  • Regularly audited for safety
  • Crypto staking options

Cons

  • Doesn’t offer the same security as hardware wallets

6. AlphaWallet – Open-Source Self-Custodial NFT Wallet

alpha wallet logoRounding off our list of the best NFT wallets is AlphaWallet. AlphaWallet is an open-source Ethereum wallet that offers a quick and easy way to store NFTs. The wallet is self-custodial and was built with the intention of tapping into the transition to Web3. AlphaWallet’s credibility is bolstered through partnerships with Coinbase, Maker, Compound, Circle, and more.

The wallet is only available as a mobile app and can be downloaded on iOS and Android. In terms of NFTs, AlphaWallet currently supports Ethereum-based NFTs, with a valuable ‘tagging’ feature to make filtering your NFT collection easier. Users can utilise a built-in dApp explorer within the wallet’s interface, making it easy to connect to the best NFT marketplace and make investments.

alpha wallet NFTs

In terms of security, AlphaWallet employs the ‘Secure Enclave’ subsystem on mobile devices to provide the highest level of protection. AlphaWallet also provides the option to alter the speed of your blockchain transactions, meaning you can lower gas fees if you wish. Finally, since the wallet is entirely open-source, this adds an element of safety as the underlying code is visible to all.

Wallet Name Type of Wallet Blockchain Wallet Features Fees
Alpha Wallet Self-Custody Ethereum ·      Completely open-source

·      Uses Secure Enclave to boost security

Free 
Pros

  • Open-source Web3 wallet
  • Uses the Secure Enclave to boost security
  • Can tailor blockchain transaction speeds
  • Self-custodial wallet

Cons

  • Only available via mobile app

The Best NFT Wallets Compared

To deepen your understanding even further, presented below is a detailed breakdown of the main features related to each of the best NFT wallets:

Wallet Name Type of Wallet Blockchain Wallet Features Fees
Crypto.com DeFi Wallet Self-Custody Crypto.org Chain + Ethereum ·      Useful gallery feature

·      Can share NFTs to social media

Free
Binance Chain Wallet Custodial Binance Smart Chain + Binance Chain +  Ethereum ·      Browser-based NFT wallet

·      Seed phrase to recover account

Free
MetaMask Self-Custody Ethereum ·      Accessible on browser, mobile, or tablet

·      Can connect with hardware wallets

Free
Trust Wallet Self-Custody Ethereum + Binance Smart Chain ·      Regularly audited

·      Can view NFTs easily

Free
Alpha Wallet Self-Custody Ethereum ·      Completely open-source

·      Uses Secure Enclave to boost security

Free 

What is an NFT Wallet?

Put simply, an NFT wallet is a specialised piece of software (or hardware) that can store your NFTs safely. To hold your NFTs, the wallet itself must be compatible with the blockchain that the NFT in question is built on – for example, if the NFT is built on Ethereum, then the wallet must support that network. Most NFT wallets are available via a mobile app, although some also incorporate a browser-extension feature.

As NFTs are stored on the blockchain, NFT wallets technically only contain the location of the NFT within the network. As such, they are a crucial component of keeping your NFT safe and maintaining ownership of the asset. Alongside keeping your assets safe, the best NFT wallets also offer a variety of additional features, such as the ability to view, share, and send NFTs to other people. 

Why You Need an NFT Wallet

Although the best NFT apps are ideal for buying and selling NFTs, you’ll still need to set up a dedicated wallet to store your digital assets long term. Holding your NFTs on the marketplace that you purchased them is deemed a riskier tactic, as many NFT marketplaces have centralised features. As such, they are considered more vulnerable to hacking or cyberattacks, which could pose a risk to your NFT ownership.

NFT wallets

By setting up a dedicated NFT wallet, you can transfer the NFT from the marketplace to your wallet and store it there long term. NFT wallets have been designed specifically for this task and often have advanced security features to safeguard your assets. Furthermore, NFT wallets also handle all of the complicated elements on the backend, meaning that users can view or transfer their NFTs seamlessly, without the need for advanced technical know-how.

How do NFT Wallets Work?

So, how do these NFT wallets actually work? As noted above,  the wallets handle all of the complicated tasks in the background, ensuring that the user experience is as seamless as possible. Even so, it’s still important to understand what happens behind the scenes to safeguard your NFTs.

Stripping it down to basics, NFT wallets tend to do the following things:

  • Stores Your Private Key – A popular misconception is that NFTs are stored within the wallet – this isn’t the case. NFTs are stored on the related blockchain network, so owners can never truly ‘have’ them in their possession. Instead, NFT wallets store your ‘private key’, which signifies ownership of a specific asset. Whoever has this private key has access to the NFT – so this key must be kept safe.
  • Allows You to Hold Crypto – Whilst researching how to invest in NFTs, you’ll likely notice that the vast majority of NFTs are denominated in crypto. Due to this, you must hold some crypto to facilitate NFT purchases. The best NFT wallet will also handle this aspect, allowing you to store your crypto holdings safely.
  • Can Connect to NFT Marketplaces – Finally, NFT wallets are ideal for connecting to NFT marketplaces. Decentralised marketplaces such as OpenSea will require users to link their wallets to the platform to make NFT investments. Therefore, if you wish to use a decentralised platform such as this, you must set up an NFT wallet that supports the network that the marketplace’s NFTs are built on.

Types of NFT Wallet Accounts

Another vital factor to be aware of is that NFT wallets are not all made equal. Wallets are distinguished by the features they possess and how they safeguard your assets. Detailed below are the two main types of NFT wallet accounts to keep in mind:

Self-Custody (Non-Custodial) Wallets

Self-custody wallets (also called non-custodial wallets) are considered the safest wallet account type you can have. Essentially, these wallets give the user complete control over their private key. Ultimately, this means that no third party has access to the key – which in turn means that nobody can access the wallet’s holdings.

Self-custody wallets often come with additional features, such as the ability to customise the speed of blockchain transactions to tailor network fees. Furthermore, since the private key is in the user’s complete control, they don’t need to worry about any platforms being hacked, as nobody else knows what the key is. However, this also comes with a great deal of responsibility – as if the key is lost or forgotten, the assets within the wallet may be lost forever.

crypto.com self custody wallet

Custodial Wallets

At the other end of the spectrum are custodial wallets. Unlike self-custody wallets, these wallets mean that a third party controls your private keys. Often, this third party will be the wallet provider or an NFT marketplace. Since the third-party handles all of the sensitive information, these wallets tend to be easier to set up and more beginner-friendly.

Another appealing aspect is that you do not need to remember your private key, as the third party will likely have a recovery feature that will allow you to re-access your holdings. However, since you’re essentially placing your trust in another entity, there is always the threat of cyberattacks and the possibility your key is stolen. Furthermore, entities that offer custodial wallets often require KYC checks, which reduces your anonymity. 

NFT Wallet Blockchains

Another crucial element to consider when researching the best NFT wallet is the various supported blockchains. As you may already know, NFTs are minted on individual blockchain networks – for example, Ethereum or the Binance Smart Chain. This means they will have a designated token standard, such as ERC-271 or BEP-721.

ethereum blockchain

Due to this, the NFT wallet that you opt for must support the specific blockchain and token standard that your NFT is hosted on. So, if you purchased an Ethereum-based NFT, you’d have to set up a crypto wallet that supports that token standard. If your wallet doesn’t support the token standard, you won’t be able to store your NFT in it.

Furthermore, you will also accrue network fees when conducting blockchain transactions, such as sending an NFT to someone else. On the Ethereum blockchain, these are termed ‘gas fees’ and can fluctuate depending on network congestion levels. As such, you’ll need to buy Ethereum (or whatever crypto the fees are denominated in) and store some in your NFT wallet to cover these fees.

How to Choose the Best NFT Wallet for You

Now that you’ve gained a solid understanding of the best NFT wallets and their features, let’s take a look at some of the main factors to take into account when making your decision:

Security Level

As expected, the level of security that your chosen wallet offers should be your top priority. This is where choosing between a non-custodial or custodial wallet comes in, as the former may be a safer choice. Aside from who controls the private key, other elements should also be considered, such as whether the wallet is regularly audited and the level of encryption for user data.

Fees

All of the wallets listed in this guide are free to download and use – with many not even requiring you to complete KYC checks. In fact, most wallets do not come with any fees, as these fees tend to be charged by the NFT marketplace itself. However, you will still need to pay any associated network fees (e.g. gas fees), so it’s wise to keep some crypto in your wallet to cover these.

User-Experience

Much like when choosing between the best crypto apps, opting for an NFT wallet that is beginner-friendly can make all of the difference. Most wallets have been designed to handle all of the complicated tasks in the background, meaning that users can view and manage their NFTs through an easy-to-navigate interface. Furthermore, specific NFT wallets (such as the one offered by Crypto.com) provide handy ‘gallery’ features to showcase digital assets.

crypto.com defi wallet

Additional Features

Finally, certain NFT wallets offer additional features which can make the investment process more straightforward. Many wallets allow users to buy cryptocurrencies from within the wallet’s interface, whilst others allow access to dApps. Although these features aren’t necessary for NFT safety, they make the user experience more appealing.

How to Get an NFT Wallet

Before concluding this guide, let’s discuss the process of setting up a new NFT wallet. As noted earlier, our recommended wallet is the Crypto.com DeFi Wallet, as it is widely used and supports Crypto.org chain and Ethereum NFTs.

With that in mind, the four steps below will show you how to set up a Crypto.com NFT wallet – all in a matter of minutes!

Step 1 – Create a Crypto.com Account

Head over to the Crypto.com exchange homepage and opt to ‘Sign Up’. Enter your name, email address, and date of birth before choosing a password for your account.

crypto.com sign up

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Step 2 – Verify Account

Next, download the Crypto.com app on iOS or Android and log in using the credentials you just created. Following this, verify your Crypto.com account by providing your full legal name, uploading photo ID (e.g. passport), and taking a selfie. Crypto.com will then verify everything, which can take from just a few hours to a couple of business days.

Step 3 – Download Crypto.com DeFi Wallet

Once verification is complete, you will receive confirmation via email. Next, download the Crypto.com DeFi Wallet from the App Store or Google Play. You can also scan the QR code on Crypto.com’s website to be taken directly to the download page.

download crypto.com wallet

Step 4 – Connect Wallet to Crypto.com App

Load up the Crypto.com DeFi Wallet app and opt to ‘Create a New Wallet’. Follow the security setup instructions and click ‘Connect to Crypto.com App’. Next, follow the on-screen instructions to link your wallet app to your Crypto.com account, which should only take a few minutes. Once complete, you are free to use the wallet app to send, receive, and view NFTs as you please!

crypto.com wallet setup

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Best NFT Wallet 2022 – Conclusion

To summarise, this detailed guide has discussed the best NFT wallets in detail, covering all of the features you need to keep in mind and showing you how to set up an NFT wallet in minutes.

Our recommended NFT wallet is the Crypto.com DeFi Wallet, which is entirely free to use and available on iOS or Android. This wallet supports Crypto.org chain and Ethereum NFTs and allows users to instantly share their NFTs on social media in just a few taps!

crypto.com logo

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

FAQs

What is the best NFT wallet?

Are NFT wallets safe?

Which blockchain is best for NFT wallets?

Can you store NFTs in any wallet?

How many NFT wallets are there?

Stay Connected

Join over 100,000 of your peers and receive our weekly newsletter which features the top trends, news and expert analysis to help keep you ahead of the curve