Best NFT Wallet 2022 – Top 5 NFT Wallets Compared

Fact Checked by Gary McFarlane

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.

NFTs have very quickly moved into the mainstream markets, gaining the attention of collectors and investors with limitless possibilities. If you are looking to jump on the non-fungible token bandwagon, one of the first things to do is to get yourself an NFT wallet.

In this guide, we explain what NFT wallets are and how they work. We also compare the best NFT wallets available today so that you can choose the right option for your requirements.

#1 Top Wallet for NFTs – Crypto.com

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List of the Best NFT Wallets

Here is a list of the best NFT wallets for 2022:

  1. Crypto.com – Overall Best NFT Wallet for 2022
  2. MetaMask – Popular NFT Wallet Offered via a Browser Extension
  3. Binance Chain Wallet – NFT Wallet Backed by the World’s Largest Exchange
  4. Trust Wallet – Decentralized NFT Wallet for Newbies
  5. AlphaWallet – Open-Source NFT Wallet With Non-Custodial Access

To help you make the right decision, we have included detailed reviews of the above NFT wallets in the sections below.

A Closer Look at the Top NFT Wallets for 2022

There is a growing demand for NFTs, and as such, you will find that many platforms are offering storage solutions for these digital tokens.

However, when choosing the best NFT wallet for your assets, it is crucial that you consider aspects surrounding safety, accessibility, and user-friendliness.

NFT wallets are the ideal way to store your crypto and NFTs safely. With features that streamline the investment process, NFT wallets are reminiscent of the best crypto wallets since both make it easy to keep your assets secure.

After studying the many options in the market, we found that the best NFT wallets are those reviewed below.

1. Crypto.com – Overall Best NFT Wallet for 2022

With numerous perks and features, Crypto.com is one of the most popular online platforms for crypto investors and traders. This provider offers several crypto-related products, which include a DeFi Wallet. This allows you to hold over 100 digital tokens. This non-custodial wallet is free to use and can be downloaded to your mobile phone.

The Crypto.com DeFi Wallet has a dedicated NFT section, which lets you categorize your digital assets into ‘Spotlight’ and ‘Collection’. You can choose your favorite NFTs and have them displayed in the spotlight section of your wallet – and the rest of the tokens will be grouped by the type of collection. This NFT wallet also supports multiple blockchains, including the Crypto.org Chain, Ethereum, and Cronos Beta.

Crypto.com wallet

On top of this, the wallet also displays additional information about your NFTs including the name of the collection, rarity, description, total supply, the number of holders, chain name, schema type, and contract address. The Crypto.com DeFi Wallet not only makes it possible for you to store NFTs, but you can also send and receive them. In addition to this, you will also be able to share NFTs on social media using an in-app customizable template.

As you can see, Crypto.com packs plenty of features that easily makes this one of the best NFT wallets available in the market today. It also lets you earn interest on over 35 different digital tokens, directly from your wallet. These crypto interest accounts come with no lock-up terms and offer returns as high as 14.5%.

Crypto.com

Apart from its wallet service, Crypto.com also packs a variety of useful tools for crypto enthusiasts. The platform has an NFT marketplace, making it easy for you to buy and sell non-fungible tokens at the click of a button. It also offers a cryptocurrency exchange, lending services, credit cards, and margin trading facilities, making it a good fit for investors of any experience level.

Pros

  • Showcases NFTs with detailed data
  • Send and receive NFTs
  • Earn interest on crypto
  • Supports three blockchains

Cons

  • Mobile-only NFT wallet

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

2. MetaMask – Popular NFT Wallet Offered via a Browser Extension

metamask logoAre you an Ethereum user looking for the best NFT wallet app to store your NFTs? If so, then you should check out MetaMask.

MetaMask is also one of the best NFT wallets in the market right now. This wallet initially started off as a browser extension in 2016, with the main purpose of storing cryptocurrencies. By 2020, it added integrations with decentralized applications and an option to hold NFT tokens.

The browser extension of MetaMask also gives you easy access to web3 sites, such as Ethereum-based NFT marketplaces. The wallet also lets you hold multiple addresses so that you can separate your NFTs from any cryptocurrencies that you own. That said, while you can hold NFTs within this wallet, you will not be able to view them in ‘Gallery Mode’.

MetaMask

MetaMask is a non-custodial wallet – meaning, this app generates passwords and keys on your device, so only you will have access to the data. You will also be provided with a secret recovery phrase as a backup, which will be stored in an encrypted format to add an extra layer of security.

Needless to say, you can use this NFT wallet to send and receive cryptocurrencies to and from other users. You can also pay for your crypto purchases with a debit card or Apple Pay. It is also possible to swap crypto directly from within the app.

MetaMask also allows you to set the gas fee you pay when performing transactions. There are a total of five estimations, and you have the liberty to choose based on how much you are willing to pay and the speed you prefer. It is also beneficial that you can connect MetaMask with a hardware crypto wallet such as Ledger to confirm transactions.

Pros

  • Store Ethereum-based NFTs
  • Over 21 million users
  • Integrates with decentralized applications
  • Available as a browser extension, mobile app, and desktop software

Cons

  • Can view NFTs as tokens only

at Crypto.com, the #1 NFT Wallet for 2022

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

3. Binance Chain Wallet – NFT Wallet Backed by the World’s Largest Exchange

binance logoBinance, the popular cryptocurrency platform, has also launched a digital wallet that can hold NFTs. This NFT wallet is considered one of the best wallets for NFTs since it can be paired with the Ethereum blockchain, BNB Beacon, and BNB Smart Chain. However, it is available only as a browser extension and not a mobile app.

With the Binance Chain Wallet browser extension, you will be able to send and receive NFTs and digital assets. You can also perform the cross-chain transfer of assets between the two supported Binance blockchains. The browser extension also facilitates interaction with dApps and smart contracts directly from the wallet’s interface.

Binance Wallet

Aside from its NFT wallet services, Binance is also considered one of the best places to buy cryptocurrencies. It also has a dedicated NFT marketplace that gives you access to thousands of unique tokens for art, gaming, photography, sports, and more. You will also be able to trade and mint your own NFTs via this platform.

While the NFT wallet might be limited in features, it lets you create a recovery seed phrase as a backup. Like Crypto.com, Binance has also built a full-fledged ecosystem that offers various different features. You can use this platform to set up crypto staking or take out a loan by putting up your digital coins as collateral.

Pros

  • Supports multiple blockchains
  • Facilitates interaction dApps and DeFi applications
  • Seed phrase for recovery

Cons

  • Available only as browser-extension
  • Cannot view NFTs in gallery-format

at Crypto.com, the #1 NFT Wallet for 2022

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

4. Trust Wallet – Decentralized NFT Wallet for Newbies

trust wallet logoTrust Wallet is another popular option that you can consider to store your NFTs. This platform is owned by Binance and as such, offers support for the BNB Smart Chain, along with Ethereum. Due to its association with the BNB Smart Chain, this is one of the best wallets to use if you are looking to buy NFTs from the Binance marketplace. 

Trust Wallet is a viable option if you’re seeking the best Ethereum wallet for NFTs. Like the other NFT wallets discussed so far, Trust Wallet includes a dApp browser within its interface. This makes exploring NFT marketplaces and buying tokens within the wallet a breeze. It also features an in-built exchange that lets you trade cryptocurrencies. This means that you can easily swap digital tokens in order to use them to buy NFTs.

TrustWallet

On top of this, Trust Wallet also allows you to earn interest on your cryptocurrencies. You can earn up to 11% APR on tokens such as Kava, Binance Coin, and Cosmos, without paying any additional fees. You will also be able to buy cryptocurrencies directly from within the app with your debit/credit card.

Trust Wallet is accessible only via your mobile and not as a browser extension. However, it integrates with several of the best NFT marketplaces, which makes it easy to purchase tokens. Moreover, this is a non-custodial NFT wallet, which means that you are the only person to hold your private keys.

Pros

  • Support for multiple blockchains
  • User-friendly
  • One-click access to NFT marketplaces

Cons

  • Mobile-only NFT wallet
  • Promotes Binance-based products ahead of Ethereum

at Crypto.com, the #1 NFT Wallet for 2022

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

5. AlphaWallet – Open-Source NFT Wallet With Non-Custodial Access

Alpha walletAlphaWallet is an open-source non-custodial wallet that lets you store your digital tokens. It has a user-friendly and minimalistic interface, making it one of the best NFT wallets for beginners in this space. However, this wallet only offers support for Ethereum-based NFTs.

Secondly, AlphaWallet is a mobile-only application, which might be an inconvenience for some users. However, it also has a Web3 browser that you can use to access other platforms. Additionally, AlphaWallet integrates directly with several NFT marketplace and blockchain games, including OpenSea, CryptoKitties, Dragonereum, and ChainZ Arena.

Alpha Wallet

Through this dApp browser, you can also gain access to DeFi applications such as Compound. AlphaWallet also allows you to earn interest on DAI or USDC tokens. You can find the highest interest rate available for your tokens and instantly lend them directly from your wallet.

While AlphaWallet might have limited functionalities when it comes to NFTs, it is popular within the broader cryptocurrency community. It is highly secure and comes with a 12-word backup key to protect your assets. Moreover, AlphaWallet is also preferred by businesses and developers to build and offer tokenized services.

Pros

  • Easy to use
  • Integration with several NFT marketplaces
  • In-built Web3 browser for exploring dApps and DeFi applications

Cons

  • Mobile-only NFT wallet
  • Only supports Ethereum-based NFTs

at Crypto.com, the #1 NFT Wallet for 2022

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

What is an NFT Wallet?

If you are thinking of investing in NFTs, then you will also need a wallet to store your digital assets. In simple terms, an NFT wallet refers to software that allows you to interact with blockchain networks.

However, you cannot choose any NFT wallet for this purpose.

  • In order to hold NFTs, you need a wallet that supports the respective blockchain that the token was built on.
  • For instance, if you want to store an Ethereum-based NFT, then your wallet should support the Ethereum network.
  • While some NFT wallets only offer support for one blockchain network, others provide cross-chain compatibility.
  • NFT wallets are available in different forms – as a downloadable app or a browser extension, for instance.

Some of the best NFT wallets, as we discussed earlier, offer a variety of services. You can use these to store your cryptocurrencies, buy and sell digital assets, and even earn interest on your tokens.

NFT wallet

Moreover, some wallets also allow you to view and share NFTs. Depending on your chosen provider, you will also be able to send and receive NFTs and browse marketplaces directly from within your wallet.

Why You Need an NFT Wallet

NFTs are the next big thing in the cryptocurrency arena. And with this growing popularity, there are many marketplaces emerging that give you easy access to thousands of NFTs.

That said, while the best NFT apps are great for buying and selling digital tokens, these might not be ideal for storing your assets in the long term.

Most NFT marketplaces are centralized and therefore hold a high risk of being vulnerable to hacks. This is where NFT wallets come into play.

These wallets offer a safer option to hold your NFTs with advanced security features that provide protection to your assets.

How do NFT Wallets Work?

As we have already established, an NFT wallet is a secure option to store your digital assets, especially if you plan to hold onto your tokens as an investment.

That said, you might be wondering how NFT wallets work? While NFT wallets are typically used to ‘store’ assets, what happens behind the scenes is a bit different.

  • NFTs are unique digital tokens that exist on a blockchain.
  • Rather than storing a token, an NFT wallet essentially gives you access to your assets on the blockchain.
  • The wallet does this by proving you with a private key to the address on the blockchain.

If you have this private key, you own everything at that address. These keys prove the ownership of your NFTs and allow you to make transactions.

Crypto.com wallet

In other words, whoever has the key will be able to access your NFTs – which is why it is important to keep them safe. However, the safety offered will also depend on the type of NFT wallet you choose. We discuss this in detail in the next section of our guide.

Types of NFT Wallets

When choosing the best NFT wallet for your needs, one of the most important things to figure out is the type of storage you want.

In this respect, you have two different options – custodial and non-custodial. These vary significantly in terms of their nature and the security offered.

Described below are some details that you need to keep in mind regarding these two types of NFT wallets:

Non-Custodial NFT Wallets

Also known as self-custody wallets, these allow you to have full control over your digital assets. This is because, as the owner of the wallet, only you will have access to the private keys.

In a nutshell:

  • Self custody wallets give you full control of the assets stored within the wallet.
  • This means that you need not worry about your wallet being hacked unless someone else gets access to your private keys.
  • All the NFT wallets that we discussed in this guide are non-custodial and thus, offer high security for your assets.

However, the one downside of self-custodial NFT wallets is that you are fully responsible for the safekeeping of your private keys. In case you forget or misplace this key, you also stand the risk of losing access to your digital assets – forever.

Custodial NFT Wallets

Custodial wallets require you to hand over control of your digital assets and NFTs to your chosen provider. This means that your private keys will be held by a third party. Not only that, but the provider will also have access to any personal information you have provided.

On the other hand, custodial NFT wallets are beginner-friendly and easier to set up. You can get started by creating an account and there is no need for you to remember your private key. On top of this, the provider might also have a way to back up your NFTs and other assets.

Trust Wallet

The main drawback here is that when you choose a custodial wallet, you are essentially trusting another entity for the safeguarding of your NFTs.

This means that you should thoroughly research the provider and make sure that the platform is trustworthy. Moreover, you will also be required to go through a KYC verification process, which can be problematic for those who prefer anonymity.

NFT Wallet Blockchains

For those unaware, what makes NFTs unique is that they are tokens built on blockchain technology. This makes it possible for NFTs to have a public record of authenticity for the person that owns the respective token, as well as details of any relevant transactions.

Ethereum is perhaps the most popular blockchain when it comes to NFTs. It has a large developer base that makes its blockchain highly accessible. As such, it might not be a surprise to learn that the majority of top NFT wallets in the market support Ethereum-based tokens.

Ethereum

However, Ethereum isn’t the only blockchain on which NFTs are built. Other popular blockchains preferred by NFT creators include Solana, Tezos, Polygon, and Binance Smart Chain. The blockchain you choose can also have an impact on the required gas fees as well as the speed of NFT transactions.

If you want to buy an Ethereum-based NFT, your wallet should also support this blockchain. If not, you won’t be able to store your NFT in it.

In other words, if you want to mint, buy, and sell NFT tokens on multiple blockchains, you need a wallet that offers cross-chain compatibility. All of the best NFT wallets that we discussed today offer support for multiple blockchains.

How to Pick the Best NFT Wallet for You

Choosing the best NFT wallet for you is no easy feat, especially when you consider the abundance of options available today.

In this section, we will discuss the most important factors you need to look into when choosing an NFT wallet.

User-Friendliness

Although often overlooked, the user experience offered by an NFT wallet can make a significant difference in how you interact with the app. A seamless interface will make it easy to buy and sell NFTs, and access other features offered by the wallet.

For instance, while MetaMask is a popular option, it makes it difficult to sort through NFTs or view them in their original format.

On the other hand, the Crypto.com DeFi Wallet offers a gallery where you can save your favorite NFTs and even store important data, making it one of the most accessible apps in this category.

Security

Your NFTs might be worth thousands, or even millions of dollars. And as such, you want an NFT wallet that is as secure as possible.

MetaMask

As we noted earlier, non-custodial wallets are undeniably the winner in this area, as they are safer. When using self-custodial NFT wallets, you are in full control of your private key. The reduces the risk of your assets and data being stolen unless you share the details with someone else.

Fees

Most NFT wallets can be downloaded and used for free – including all of the options we listed in this guide. With that said, fees occur when you buy and sell NFTs, which are often charged by the marketplace and not by the wallet provider itself.

Moreover, some NFT wallets might charge you gas fees for facilitating transfers of your tokens. Therefore, it might be a good idea to have some cryptocurrencies in your NFT wallet to cover the cost of any applicable transfer fees.

How to Set up an NFT Wallet

Now that we have laid out everything there is to know about NFT wallets, let us conclude our guide by explaining how you can set one up.

As we pointed out in our guide, the Crypto.com DeFi Wallet is the best place to store your NFTs. It supports multiple blockchains and allows you to easily access your digital assets.

Below, we have included a step-by-step breakdown of how you can set up a Crypto.com DeFi Wallet for your NFTs. In other words, we’ll show you how to create a Crypto.com NFT wallet in only a few minutes!

Step 1 – Create a Crypto.com Account

Before you can add NFTs to this wallet, you will need to sign up to Crypto.com. To do this, visit the Crypto.com website and find the ‘Sign Up’ button at the top right corner of the homepage.

Crypto.com sign in

Enter your full name, email address, and date of birth before choosing a password for your account. You can then click on the ‘Create Account’ button to proceed.

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

Step 2 – Verify Account

After creating an account, you can download the Crypto.com app on your cell phone and sign in using the credentials you created in the prior step. Next, you will have to provide some additional personal information – such as your home address.

You will also have to verify your identity by uploading a photo ID (such as your passport) along with a selfie. The verification process can take anywhere from a few minutes to a couple of business days and when completed, you will be notified via email.

Step 3 – Download Crypto.com DeFi Wallet

You can now download the Crypto.com DeFi Wallet from the App Store or Google Play. Since you already have a Crypto.com account, you can use the ‘Connect to Crypto.com App’ button to proceed.

Crypto.com

You simply have to follow the on-screen instructions to link your wallet to your Crypto.com account. This can be completed in a matter of minutes.

Step 4: Add NFTs

To add or receive an NFT to the Crypto.com DeFi Wallet, you can do the following:

  • Go to the NFT section of your wallet, and choose the respective blockchain.
  • For instance, if you want to receive Ethereum-based NFTs, then you have to use the Ethereum token address.
  • You can scan or copy this as the destination address when sending an NFT to the Crypto.com DeFi Wallet.

Once you receive on-chain confirmation, you can head over to the ‘NFTs’ screen of your Crypto.com DeFi Wallet, where you will be able to find the token displayed.

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

Best NFT Wallet 2022 – Conclusion

NFT wallets are a basic digital infrastructure that makes it possible for you to send and receive non-fungible tokens through blockchain networks. In this guide, we have discussed the best NFT wallets available today, detailing the different features, advantages, and shortcomings.

We also pointed out the many factors that you need to bear in mind when picking the best NFT wallet for your needs. If you are still unsure about where to start, we suggest that you consider using Crypto.com.

This platform’s NFT wallet supports multiple blockchains and is entirely free to use. It also lets you send and receive NFTs as well as share them on social media, all from within the wallet interface.

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

FAQs

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About Kane Pepi PRO INVESTOR

Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.