Best NFT Wallets for Storing and Trading NFTs


Abhinav Girdhar
By Abhinav Girdhar | Last Updated on June 24th, 2022 11:50 am
Best NFT Walletsfor Storing andTrading NFTs

The most common question about NFT nowadays is how to store NFTs, and more specifically, how to store them safely. With the rise of crypto exchanges, it is tempting to just save your NFTs there. However, it is important to know that exchanges are not designed to be long-term storage solutions.

Even though the NFTs are stored on the blockchain itself, they are stored in separate wallets that you can use to secure your digital assets. There are plenty of good options for storing your NFTs, and your best option will depend on the type of NFT you are holding. Here is a list of the best NFT wallets that you can use for storing your NFTs developed using NFT generator:

1. Enjin Wallet

Enjin is a cryptocurrency wallet that supports over 100,000 ERC20 tokens. The Enjin Wallet is not limited to NFTs — it can be used to store and trade any ERC20 tokens. The Enjin wallet is available both as a mobile app and as a desktop application. The mobile app allows you to store and trade your NFTs on the go. The desktop application is ideal for trading NFTs.

The Enjin wallet has over 1,500,000 users worldwide, and it has a 4.4 rating on Google Play. The Enjin wallet is free for all users, and it does not charge any transaction fee.

2. Eidoo Wallet

Eidoo is another multi-currency wallet that supports NFTs and a wide variety of other cryptocurrencies and ERC20 tokens. The Eidoo wallet is available both as a native mobile app and as a desktop app. The mobile app is a user-friendly cryptocurrency wallet, which is ideal for storing and trading NFTs.

You can store your NFTs on the Eidoo wallet, and use it to trade NFTs on any ERC20-compatible exchange. The desktop application is similar to the mobile app. However, you can use it to trade NFTs with greater ease. The Eidoo wallet is available on Google Play and the Apple App Store, and it has a 4.6 rating on Google Play.

3. Non-Custodial Wallets

The best option for storing NFTs is a non-custodial wallet. A non-custodial wallet allows you to keep full control of your private keys. This is the safest option, but it also limits your ability to trade your NFTs.

Best Non-Custodial Wallets for NFTs

i.) Guarda

Guarda is a non-custodial wallet focused on blockchain applications (especially Ethereum). It supports all ERC-20 tokens and also permits the creation of ERC-721 tokens. A fully decentralized wallet, meaning you are in control of your funds. Its main features are –

Supports all ERC-20 tokens
Allows users to create and manage ERC-721 tokens
Allows users to import and export wallets
Supports multiple currencies and tokens
Supports BTC and ETH transactions
Supports BCH, ETC, and LTC
Available on Google Play and Apple App Store

ii.) MyEtherWallet

MyEtherWallet is one of the most popular and trusted options for storing ETH and ERC-20 tokens, and it also offers support for ERC-721 tokens. MyEtherWallet is a non-custodial wallet, meaning you are in control of your private keys. MEW is an open-source, client-side solution with following features –

Compatible with Ledger Nano S, Trezor, and MetaMask
Supports ETH and ERC-20 tokens
Supports ERC-721 tokens
Simple, user-friendly interface & Open-source

4. MetaMask

MetaMask is a web extension that can be used to store Ethereum and ERC-20 tokens. It has integrated ShapeShift and Coinbase extensions too, so that you can exchange tokens or send them to anyone with a message. MetaMask is also a great option if you’re looking for a wallet that supports multiple cryptocurrencies. The list of supported assets include tokens such as ETH, EOS, and ETC.

When it comes to security, MetaMask uses the same security features that most web wallets use. For example, you’ll need to install a web extension. This extension works as a firewall, which will prevent malicious scripts from accessing your wallet.

5. Coinomi

Coinomi is a mobile wallet that supports over 500 different coins and tokens. Among the supported coins are NFTs. You can install Coinomi on iOS and Android.

When it comes to security, Coinomi is a client-side wallet. This means that your private keys are never shared with the servers of the wallet.

When you create a new wallet with Coinomi, you’ll need to generate a new seed. The seed is a 12-word phrase, which will be used to recover your crypto if for whatever reason the wallet gets deleted or lost.

As for the supported crypto assets, you can use Coinomi to store a wide variety of crypto assets. One of the key features of Coinomi is its support for multiple cryptocurrencies. This makes Coinomi a good option if you’re looking for a wallet that supports a large number of crypto assets.

6. Trust Wallet

Trust Wallet is another mobile Bitcoin wallet. It’s available for both iOS and Android. Trust Wallet is one of the most popular Ethereum and ERC-20 token wallets. Trust Wallet is also widely used for storing NFTs.

When using Trust Wallet, you’ll need to create a new wallet, which can be done directly in the app. By using Trust Wallet, you get the added benefit of being able to exchange crypto through its built-in exchange.

The best thing about Trust Wallet is that it has a simple and clean user interface. It also supports the creation of multiple accounts. This makes it convenient if you want to use the same wallet for different crypto assets.

When it comes to security, Trust Wallet uses the same security features as other mobile wallets. In addition to that, Trust Wallet is a client-side wallet, which means that your private keys are not stored on their servers.

Conclusion

If you’re looking for a wallet that supports ERC-721 tokens, then Breadwallet, Trust Wallet, Coinomi, and Eidoo are all good options to consider. All these wallets have been around for a while, and they offer the same key features such as multi-coin support, client-side wallet, and good security.

Now that you know how easy it is to store NFTs, it’s time to start creating your own NFTs. With Appy Pie’s NFT Generator, you can create your NFTs in minutes and store them in the wallets of your choice.

Abhinav Girdhar

Founder and CEO of Appy Pie

App Builder

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