February 18, 2023 - 17 min read
Over the past few years, there has been a significant expansion in the NFTs, with digital art, music, and even tweets fetching millions of dollars when sold as unique tokens on blockchain networks. For example, the digital artwork named “The First 5,000 Days,” created by Beeple, was sold for an extraordinary amount of $69.3 million in March 2021.
This burgeoning market for NFTs, which includes revenue from a wide range of sources such as event tickets, virtual goods, physical assets, identities, memes, and domain names, has grown from $21.48 billion in 2022 to $32.89 billion in 2023 representing a compound annual growth rate of 53.1%. As more individuals and organizations invest in NFTs, having a safe, dependable, and widely compatible NFT wallet for managing and storing these priceless assets has become increasingly important.
An NFT wallet is a digital wallet designed to store, manage and facilitate the transmission of NFTs. It provides a secure and reliable way for users to keep and manage their NFTs and engage in transactions as required. NFT wallets come with specialized features that enable handling NFT-specific metadata and ownership history. Furthermore, some NFT wallets offer additional capabilities like multi-chain support, integration with NFT marketplaces and NFT trading platforms, and customizable galleries for organizing and displaying NFT art collections. Overall, the best wallets make it easier to see, interact with, and buy and sell NFTs.
However, we should note that all NFT wallets are also crypto wallets, as it would make little sense for a wallet to handle only NFTs and not crypto as well– and the best crypto wallets are also often the best NFT wallets, too.
An NFT wallet acts as a gateway to access NFTs and cryptocurrency on the blockchain through a private key instead of storing them. The private key allows users to conduct transactions while the wallet handles the technical aspects, such as buying, selling, and transferring. Extra security precautions and the convenience of tracking assets across devices makes NFT wallets a popular choice.
In this article, we’ll discuss the top NFT wallets of 2023, discussing their features, the blockchains they support, and other important information that potential users may wish to know. We will cover web wallets, desktop wallets, and hybrid wallets– all to help you determine the right NFT wallet for your individual needs.
We should also note that all of the wallets below are non-custodial wallets, which means that users have full control over their assets– not a marketplace or exchange. In contrast, custodial wallets are those that are controlled by a third-party entity, which are generally considered to be less secure than non-custodial wallets.
Trust Wallet is a popular decentralized mobile wallet used for storing cryptocurrencies and NFTs. It also offers a Google Chrome add-on. With over 60 million users, Trust Wallet provides extensive multi-chain support, including Ethereum, Solana, and all EVM chains such as Polygon, Binance Smart Chain, and Avalanche. Trust Wallet natively supports over 9 million tokens across these chains, allowing users to access NFTs on different networks and participate in the growing NFT ecosystem.
Users have full control over their financial assets with Trust Wallet since they can store their private keys on their devices. The app also provides seamless access to various decentralized services, such as NFT storage and marketplaces, without the need to leave the app. It supports a wide range of NFT standards, including ERC721, ERC1155 on Ethereum, BEP721, and BEP1155 on BSC.
With Trust Wallet, users can conveniently store their NFTs, monitor their holdings, and conduct transfers or sales on NFT marketplaces within the app. However, users should be aware that Trust Wallet does not support fiat currency deposits or withdrawals, and its closed-source code is not open for user review. Additionally, it relies on centralized nodes to access the blockchain, which may be a concern for users who prioritize decentralization.
MetaMask is a widely popular browser extension and mobile application that provides a convenient way to manage Ethereum wallets and interact with decentralized applications. It also supports NFTs and allows users to create multiple addresses for each NFT purchase. With over 30 million monthly active users, MetaMask has built a substantial user base. In fact, many consider MetaMask to be the best NFT wallet in the industry.
Leveraging MetaMask, users can effortlessly connect all EVM enabled platforms and trade diverse tokens. As a result of its large user base, MetaMask is commonly recognized as the leading NFT wallet, and transactions are seamlessly synchronized between the browser and mobile extensions.
The integrated web browser for NFTs and other dApps simplifies the process of transferring ERC-721 tokens directly to the wallet while switching between Ethereum addresses. The app’s built-in swap feature is also a highly compelling offering, allowing users to exchange currencies to acquire NFTs efficiently.
Experienced users appreciate the multi-chain functionalities offered by MetaMask, although inexperienced users may require clarification when utilizing the wallet. However, the use of MetaMask does present certain drawbacks, such as the need for manual inclusion of preferred cryptocurrencies and the lack of support for Bitcoin.
Enjin Wallet is a popular crypto wallet app for managing cryptos and NFTs. The app has gained popularity among NFT enthusiasts due to its user-friendly interface and secure platform. Enjin Wallet prioritizes security with built-in privacy features. Like Trust Wallet and Metamask, it also has a native dApps browser that enables seamless interaction with dApps.
Enjin Wallet’s built-in marketplace offers a simple and efficient way to exchange, sell, send, or hold over 100 coins and tokens, including NFTs. This platform simplifies the storage and trading of NFTs, allowing users to stash and trade their collectibles on the Enjin Marketplace. With over 3 million users, the app is compatible with hardware wallets and has innovative features that make storing and trading NFTs a breeze.
One of the most notable features of Enjin Wallet is its ability to allow users to create their own NFTs within the app, simplifying the NFT creation and management process. This feature has made Enjin Wallet a popular choice for gamers, streamers, and other creators looking to monetize their content through NFTs.
However, the closed-source nature of Enjin Wallet results in inadequate verification. This has been a concern for some users who prioritize transparency and open-source software.
Ledger hardware wallets have become a popular option for managing cryptocurrencies due to their secure and reliable nature. With compatibility across multiple platforms and devices, including desktops, laptops, and mobile devices, Ledger has sold over 4 million hardware wallets.
In today’s digital landscape, where online risks and malicious attacks are prevalent, the ability to manage cryptocurrency holdings offline offers unparalleled protection to both individual users and institutional investors. Consequently, many consider Ledger hardware wallets to be among the most secure and reliable methods of storing cryptocurrency.
As NFTs continue to gain popularity, users seek secure storage options to safeguard their valuable digital assets. With state-of-the-art encryption technology and a seed phrase/password combination, Ledger hardware wallets are among the most secure options available. Their hardware wallet design adds an additional layer of security to protect assets further.
Through Ledger Live, users can manage their NFT collectibles conveniently on their smartphone or computer, offering real-time updates on balances and the ability to transact with over 5,500 assets, including NFTs on multiple blockchains such as Ethereum and Polygon. As the NFT industry grows, hardware wallets will become an increasingly critical tool for NFT owners and collectors.
It is worth noting that using this particular wallet requires the purchase of a Ledger hardware wallet. The cost of these wallets varies based on the specific models and features offered.
The Coinbase Wallet is a non-custodial digital wallet created for storing cryptocurrencies and digital assets. It can securely hold over 100,000 digital assets, enabling users to take complete control of their assets through the decentralized wallet architecture that allows access to private keys. The wallet is available on both desktop and mobile platforms, offering quick linkage to exchange accounts for seamless asset transfers.
NFT support is offered via a dedicated tab in the desktop version of the wallet, which allows users to examine linked NFTs. It is noteworthy that Coinbase does not claim ownership of any assets stored in the wallet.
Moreover, users can store, view, and manage their NFTs with ease, including the ability to transfer or sell them directly through the app. Coinbase Wallet provides an all-in-one solution for managing cryptocurrencies and NFTs while facilitating easy access to dApps.
The Coinbase Wallet also allows users to finance their accounts by purchasing cryptocurrency through credit or debit cards, and initiate NFT collection purchases with just a few clicks. It is essential to mention that the support for NFTs on Coinbase Wallet is limited to transferring, receiving, and showcasing Ethereum and Polygon NFTs.
Coinomi is a multi-chain crypto wallet that prioritizes user security and privacy. With over 125 supported blockchains, Coinomi is available on both mobile and desktop platforms. Its Android application alone has already amassed over a million downloads on Google Play.
What sets Coinomi apart is its commitment to providing complete control and ownership over private keys, ensuring that users have full access to their funds. The wallet also boasts several features to make the process of managing assets as simple and streamlined as possible. Its built-in exchange functionality and support for multiple languages make it easy for users to trade, while its intuitive user interface appeals to users of all skill levels.
Coinomi’s master seed backup system is another standout feature, enhancing user security by providing a one-time backup that is never transmitted over the internet. This approach ensures that users’ data remains safe and secure from unauthorized access or malicious attacks.
For NFT collectors, Coinomi provides a reliable and straightforward solution for storing digital assets. Its robust encryption, intuitive functionality, and responsive customer support make it a top choice for users looking to securely manage their NFTs.
However, it’s important to note that Coinomi doesn’t currently support hardware wallets and lacks two-factor authentication, which may deter some users who prioritize these features. Nonetheless, Coinomi remains a formidable option for users seeking a trustworthy, user-friendly NFT wallet solution that provides complete control and ownership over private keys.
MathWallet is a Web3 multichain wallet. The wallet offers a multi-chain dApp store and allows cross-chain token bridges, enhancing its versatility and usability. Additionally, the Math Wallet can be linked with several hardware wallets.
The Math Wallet can be accessed from mobile applications, browser extensions, and websites, providing users with anytime, anywhere convenience. The wallet incorporates a dApp browser that lets users browse the NFT marketplace and access other crypto functionalities, including staking and swaps.
MathWallet also provides additional features, such as the ability to buy and sell coins directly within the app, and extraordinary security measures, including private keys, two-factor authentication, and mnemonic phrases. The platform also has its own utility token, making it a versatile tool for cryptocurrency users.
Math Wallet is an excellent choice for users seeking a wallet that supports multiple platforms, dApp accessibility, hardware compatibility, and staking options.
AlphaWallet is an open-source wallet that exclusively operates on the Ethereum blockchain and features a unique NFT mining and collecting capability. This mobile app supports a variety of Ethereum-based in-game assets and NFTs, including OpenSea, CryptoKitties,etc. , making it an ideal choice for collectors.
While AlphaWallet is only available on mobile devices, its website offers an extensive array of open-source tools for developers, art creators, and businesses interested in other forms of blockchain-based tokenization.
One of the significant advantages of AlphaWallet is its built-in support for all Ethereum-based games and tokens, along with a built-in web3 browser for exploring other dApps and DeFi. Additionally, its user-friendly interface is ideal for beginners starting with Ethereum and NFTs.
Furthermore, AlphaWallet is under active development, which allows it to quickly integrate new features and functionalities as demanded by the community. However, it’s worth noting that it only supports Ethereum apps and sidechains and is limited to mobile devices (Android and iOS).
Atomic Wallet is a versatile desktop and mobile wallet, supporting a vast array of coins and tokens, with over 5 million downloads. The wallet’s open-source software ensures transparency and community-driven growth.
In addition to its cryptocurrency exchange feature and the ability to purchase cryptocurrency using a credit card, the Atomic Wallet stores vital information, such as private keys and backup phrases, locally on the user’s device, with encryption technology ensuring the information is secure.
Atomic Wallet provides a secure and user-friendly way of managing various blockchain networks, such as Ethereum and Binance Smart Chain, and offers decentralized storage and management of NFTs.
Furthermore, Atomic Wallet incorporates a built-in dApp browser, enabling users to access NFT-related functionalities such as creating new NFTs, participating in auctions, and transferring or selling their NFTs.
However, Atomic Wallet does not support hardware wallets at present, which may not suit users who prioritize cold storage and additional layers of security.
MyEtherWallet (MEW) is a widely used interface that enables users to easily create and manage Ethereum wallets from any device with an internet connection. With support for ERC20 tokens, MEW provides a convenient solution for managing Ethereum-based assets. It has amassed over three million users across various platforms, with its Android mobile application alone garnering over 500,000 downloads from the Google Play Store.
Recently, MEW has expanded its offerings with a multichain wallet extension that allows users to manage their favorite apps across Ethereum and Polkadot chains, buy and sell cryptocurrencies, swap tokens, and manage NFTs. MEW’s advanced security features, including two-factor authentication, hardware wallet integration, and password-protected login, ensure the safety of users’ digital assets.
MEW’s watch-only account option is another notable feature, which allows users to transfer their NFTs from a different wallet to their MEW wallet or add the separate wallet as a watch-only account. Although this option is beneficial in avoiding gas fees, it only provides users with the ability to view their NFTs and not manage or transfer them.
However, MEW lacks two-factor authentication, making it potentially susceptible to hacking attempts. Users should also be vigilant against phishing attacks when using the wallet.
Trezor is a hardware wallet that provides a secure storage solution for various cryptocurrencies, including Bitcoin and ERC-20 tokens. It supports over 1300 coins and tokens natively. The wallet is designed to operate offline and connects to a computer or mobile device through a USB port.
One of the primary advantages of Trezor Wallet is its robust security features. It uses advanced encryption algorithms to safeguard users’ private keys and funds, requiring physical confirmation of transactions. A PIN code further protects the device and can be backed up with a recovery seed phrase for added peace of mind.
Trezor Wallet also integrates with other popular cryptocurrency wallets like MyEtherWallet and Metamask, enabling users to manage their assets across different platforms. Trezor hardware wallets are compatible with the EIP-1559 and EIP-712 standard NFTs.
Trezor Wallet currently does not offer native staking or NFT management features through Trezor Suite, despite the capability of Trezor hardware wallets to store them. Additionally, the wallet does not have a mobile app. For safe management of NFTs, it is recommended to use a third-party interface such as MetaMask. By connecting MetaMask directly with the Trezor device, the offline status of the seed can be maintained, thus enhancing the security of the NFT holding.
XDEFI Wallet is a versatile wallet that provides a comprehensive solution for managing multi-chain NFTs, offering support for five significant chains and over 10,000 cryptocurrencies and tokens across 30 blockchains. Its customizable gallery feature allows users to display all NFTs in one place, while direct swaps and bridges between cryptocurrencies can be done without registration. Despite being a newcomer, the user base of the wallet has grown to over 180 thousand users.
The wallet prioritizes user security by implementing the highest level of encryption and providing users with full control over their private keys. It also supports hardware wallets such as Ledger and Trezor, providing an extra layer of protection for users who prefer to store their assets offline.
XDEFI Wallet offers a seamless and intuitive user experience, allowing users to navigate through different sections to manage their NFTs and cryptocurrencies easily. In addition, the wallet continuously updates and introduces new features, such as forthcoming NFT support for other chains like Solana, Arbitrum, Aurora, and NEAR, to create a genuinely multi-chain NFT wallet.
Overall, XDEFI Wallet is an excellent choice for users seeking a comprehensive solution for their multi-chain NFTs with strong security features, versatile capabilities, and continuous updates to improve the user experience.
Portis Wallet is a non-custodial, web-based cryptocurrency wallet that specializes in managing Ethereum-based tokens. The wallet operates without the need for downloads, plugins, or installations and can be easily accessed from any browser. Users can access the app and its features through a simple registration process using their email addresses.
Portis Wallet allows seamless integration with leading NFT and DeFi dApps and eliminates the need for private keys. In-wallet token swaps and a diverse range of ERC-20 token support are further features that enhance the user experience. Additionally, the wallet offers two-factor authentication, providing an added layer of security for users’ NFTs and assets.
Multiple blockchain support is another key feature of Portis Wallet. It supports Ethereum, Binance Smart Chain, and Polygon, providing access to a wide range of NFT collections and marketplaces. Additionally, the wallet features a password recovery option to help users regain access to their accounts if they forget their passwords.
However, it is important to note that Portis Wallet does not currently support hardware wallet integration, which is widely considered to be one of the most secure forms of digital asset storage. Despite this, Portis Wallet aims to streamline the onboarding process and enhance the user experience of utilizing blockchain technology.
The Bitski Wallet is a digital wallet that prioritizes user-friendliness and security, making it ideal for those looking to adopt Web3 technologies. The wallet is designed to integrate seamlessly with various platforms, including social networks, games, and other Web3 applications, providing users with a smooth and hassle-free experience. It is a versatile digital wallet that works seamlessly with countless Ethereum dApps.
Bitski Wallet’s extensive range of capabilities includes viewing NFTs, verifying ETH balances, sending and receiving ETH, and transferring NFTs, among others. In addition, the wallet incorporates cutting-edge security features, such as Hardware Security Modules (HSMs) and secure data centers that use biometric protection, to ensure maximum asset security.
With the Bitski Wallet, users can easily transact on popular marketplaces like OpenSea and other dApps without navigating multiple platforms. Buying, selling, and sending NFTs is made more convenient, secure, and streamlined.
The Bitski Wallet offers a free subscription plan for individual users, allowing them to create a single account. Within this plan, users can conduct up to 100 transactions per month. Subscription plans are also available for purchase, providing users with access to more transactions and features as required.
ZenGo is a multi-currency, non-custodial wallet designed to simplify the management of digital assets along with high security. ZenGo provides users with a seamless experience for buying, selling, and storing cryptos and NFTs.
ZenGo wallet’s full NFT support enables users to manage their Web3 assets securely and directly from the wallet. The integration of WalletConnect makes it easy for users to interact with NFT marketplaces and other Web3 applications. Moreover, ZenGo’s support for multiple blockchain networks allows users to manage NFTs from different networks in one place.
One of ZenGo’s standout features is its three-factor authentication, which provides an extra layer of security to safeguard users’ assets. Additionally, ZenGo offers responsive customer support, educational resources, and transparent pricing, further enhancing the user experience.
The ZenGo wallet is a mobile app available for both iOS and Android devices and is available in 188 countries. However, some features may only be available in specific locations.
The rise of NFTs has led to an increased demand for secure and reliable wallets to manage these unique digital assets. As seen from the top 15 NFT wallets discussed above, there are many options available with varying features and capabilities to suit different user needs.
A great NFT wallet should prioritize security, user-friendliness, multi-chain support, customizability, integration with marketplaces, support for metadata, and active development. These features allow users to manage their NFTs safely, easily navigate the wallet, and perform transactions with minimal hassle.
Additionally, the wallet should be customizable to the user’s preferences and allow for seamless integration with popular NFT marketplaces. Ongoing development is also essential to ensure the wallet remains secure and up-to-date with blockchain technology. Overall, a great NFT wallet should prioritize user experience while providing the highest level of security for users’ valuable digital assets.
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