Best NFT Solana Wallets 2021

NFT Wallets

There has been much written and spoken about the rise in non-fungible tokens, or NFTs. They are set to revolutionize the market for collectors as well as artists. To participate in this rapidly-growing market, you must have an NFT wallet or app.

There are still many options available on the market today, but not all offer the same functionality. This article will review the top NFT wallets and apps, with the aim of helping readers understand the pros and cons of each.

What Are NFT Wallets?

NFT wallets let you store all of your crypto assets in one location. You can also use NFT wallets for digital asset purchases and sales. These wallets do not hold digital assets. These wallets only keep the addresses of blocks that contain your assets on the blockchain.

NFT wallets are a way to easily buy and sell crypto assets. NFT wallets bridge the worlds of NFT and blockchain.

Each wallet is unique, but there are some things you should keep in mind when selecting the right wallet for your NFT collection.

Want to jump straight to the answer? The best NFT Wallets for Solana are Phantom & Solflare

What Makes A Good NFT Wallet

Easy To Use

A friendly interface is the most important trait to look for in a NFT wallet. For beginners, non-fungible tokens can be a confusing concept. To make things worse, you don’t need a complex user interface for your NFT wallet. It is therefore important to search for NFT wallets with a better user interface and setup.

Multi compatibility

NFT wallets that support Ethereum-based tokens are the most popular because of their popularity. But NFTs are supported by several blockchains, Solana has recently become extremely popular, it’s important to choose a wallet based on the tokens used for the NFT Mint you are interested in. Cross-chain support is a must if you wish to purchase and sell NFTs across multiple networks. 

Supported Devices

Your collection will be easier to manage if you have a wallet that can be used across multiple devices. Several wallets can provide real-time synchronization between multiple devices. However many still only provide desktop support.

Security

Secure wallets are important because you may be storing NFTs. You should also look at the login process, such as whether the wallet offers two-factor authentication or cryptographic keys.

 

Best NFT Wallets for Solana

#1

Phantom.app

Phantom browser plugin turns your browser into a crypto wallet enabling you to easily connect and buy NFTs securely from any third party site. You can  safely send, receive, store, and modify SOL tokens. stake Solana using a validator. You can also swap tokens and collect & store NFTs.

IS PHANTOM WALLET SAFE?

The Phantom Wallet is not custodial. Users have their private keys. The security of the Phantom Wallet is largely in the hands of the users and not a third party.

You will be asked to create a new wallet and write down your secret recovery phrase. This is a 12-word collection. These are the words you would need to restore your wallet. They are an essential part of creating a wallet. There is no way to retrieve your wallet if you lose your recovery key. These words can be used to gain access to your crypto assets. It is important that you keep them safe and secure.

SWAPPING TOKENS

The Phantom Wallet allows you to token swap using an embedded DEX. You can now swap between Solana and USDT, USDC, Serum & many more.

The inbuilt DEX of Phantom makes it easy to swap without the need to move funds or connect to additional DApps. The transaction costs are extremely low compared to Ethereum. You will only need sufficient SOL.

5 of 5 stars

Pros:

  •  Browser plug-in
  •  Non-Custodial
  •  Safe Sol Staking
  •  Token Swap
  •  Ledger Support

Cons:

  •  New product
  •  Desktop only (Mobile Coming Soon)
  •  No Ethereum Support (Coming Soon)

#2

Solflare

Solflare, a digital wallet that works for all Solana users, is a one-stop solution. Solflare is the right place for crypto novices and seasoned defi veterans. Solflare allows you to instantly stake your SOL and generate a digital wallet that is non-custodial.

Is Solflare Safe?

Solflare was the first noncustodial web-wallet that Solana holders have ever seen. It integrates hardware wallets to make it safe and secure. Web wallets are vulnerable to online attacks.

AVAILABLE ON ALL PLATFORMS

Solflare is available as a desktop and mobile browser app, as a mobile app on each app store, and as a browser extension.

“NON-CUSTODIAL” MEAN?

This means that Solflare has no control whatsoever over your funds. You can use our protocol, but you have complete control over your funds.

EVERYONE CAN TAKING ACTION

In just a few seconds, you can stake your Sol using an intuitive and easy flow.

5 of 5 stars

Pros:

  •  Browser plug-in
  •  Non-Custodial
  •  Safe Sol Staking
  •  Token Swap
  •  Mobile & Desktop

Cons:

  •  Not all NFT Mints support
  •  Doesn’t support Eth yet

How to protect your crypto collectibles

These crypto collectibles can be worth much more in the future and hold important memories for collectors. These digital assets should be kept safe by following these tips:

  • Only download NFT wallets and apps from official sites and app stores.
  • Keep your seed phrase safe and secure in an offline place. Do not use it after initial setup.
  • To avoid being phished, bookmark any NFT apps you use in your browser.
  • Use a browser extension that offers a wallet to protect your information. Before closing down your computer, make sure you sign in or lock the browser.
  • For NFT engagement, do not use public computers. If you have to, make sure you erase all data before signing out.

What Are NFT Wallets?

NFT wallets let you store all of your crypto assets in one location. You can also use NFT wallets for digital asset purchases and sales. These wallets do not hold digital assets. These wallets only keep the addresses of blocks that contain your assets on the blockchain.

NFT wallets are a way to easily buy and sell crypto assets. NFT wallets bridge the worlds of NFT and blockchain.

Each wallet is unique, but there are some things you should keep in mind when selecting the right wallet for your NFT collection.

Conclusion

NFT is still a relatively new field so existing apps may not be the best and could benefit from many improvements. A few options offer advanced functions that are useful for both collectors and creators.

This article reviewed the best Solana NFT wallets, and offered guidance to help NFT participants select the one that is most suitable for their transactions. The article also provided tips on how to protect your crypto-collectibles while the world continues to watch to see the NFT industry grow.