LEADING CRYPTO WALLETS
A Crypto wallet as the name implies is a digital wallet to keep your money for cryptocurrencies and NFTs. Like a normal wallet, a crypto wallet likewise needs protection, and proof of fraud, and is confidential and accessible to the owner. Therefore, the decision to choose a crypto wallet for NFTs should be taken with great care.
They also allow you to send, receive, and use cryptocurrencies like Bitcoin and Ethereum. They come in many forms, from hardware wallets like Ledger (which looks like a USB stick) to mobile apps that make using crypto as easy as buying with a credit card online.
With a crypto wallet one can:
- Manage all your digital assets in one secure place
- Control your private keys
- Send and receive cryptocurrency to and from anywhere in the world
- Interact cryptocurrency to and from anywhere in the world
- Browse dApp (decentralized finance apps)
- Shop at stores that accept cryptocurrency
Steps to buy NFTs:
- Selecting crypto wallet & setting up an account
- Buying cryptocurrency and transfer in wallet
- Set up NFT marketplace account and start buying
Selecting Crypto Wallet
Here are a few tips or features to look for in a crypto wallet.
- User friendly:choose a wallet that is easy to set up and provides a great user experience. An ideal wallet should have a good user interface for beginners as well as advanced users.
- Secure:make sure that the wallet you choose has strong and secure logins. Check if the wallet provides features such as two-factor authentication for bonus added security!
- Compatibility: choose a wallet that offers cross-chain compatibility to buy and sell NFTs on multiple blockchain networks.
- Device friendly: wallet supporting multiple devices is one of the things you should look for. Some wallets are available as mobile or desktop applications and web extensions too.
Few well know NFT wallets
Metamask is one of the most popular cryptocurrency wallets. Its browser extension provides easy access to web3 sites such as NFT markets with just a few clicks. If you need to exchange money to buy NFT, Metamask has a built-in exchange feature. The mobile app also includes a built-in browser for partitioned applications, or dApps, and NFT markets. The Metamask app integrates an integrated Ethereum token exchange service with a combination of several domain trades (DEXs) to achieve the best exchange rate.
- Math Wallet
Its main difference is that it supports more than 70 blockchains. It offers the web, desktop, and mobile version of the wallet synced to all devices, and can be integrated with a few more hardware wallets as well. This is a multi-chain wallet that allows users to store, transfer and hold various crypto assets.
Math Wallet has a built-in dApp browser that enables users to view NFT markets. It also enables the retention of more than 3000 tokens during the most important transcripts namely BTC, ETH, Polkadot, Filecoin, EOS, Solana, Avalanche, Polygon, etc.
- Trust Wallet
Trust Wallet is designed to simplify, allowing users to collect, send, receive, and participate in more than 1 million cryptocurrencies and free (NFT) tokens on their smartphones. Although it supports many blockchains, including Ethereum, its affiliation with Binance means it is more biased towards smart chain tokens. Additionally, you can only store and manage your NFTs – transfers do not happen with Trust Wallet. Setting up a new wallet or moving to Trust Wallet takes minutes, and can be recovered using a 12-word secret phrase.
- Coinbase Wallet
Provides a non-retention wallet appropriate to hold NFTs and other tokens. Unlike holding cryptocurrency in Coinbase trading, holding assets in Coinbase Wallet gives the user full control over their crypto. Coinbase Wallet is a secure wallet that gives you complete control over your crypto. This means that the private keys (representing cryptocurrency ownership) of your Wallet are stored directly on your mobile device.
Coinbase also offers a one-click cloud backup of your private keys, storing them in your cloud drive.
Now that you have chosen the right crypto wallet, the next step is to buy cryptocurrencies on crypto exchanges. Currently, a transaction value is available where you can use your fiat money (or traditional currency) to buy crypto.
High exchange cryptocurrency exchanges based on factors such as traffic, currency, and trading volumes by Binance (at the time of writing). Binance supports 372 coins and 46 fiat coins. Second on the list is Huobi Global, which supports 50 fiat currencies and 331 characters. At the time of writing, while Binance had a 24-hour trading volume of more than US $ 16 billion, Huobi had $ 4 billion. Meanwhile, third on the list is the Coinbase Exchange with a 24-hour trading volume of more than $ 2 billion. It supports 73 coins and only three fiat currencies.
Once you have chosen a digital currency exchange in your area, you can buy the cryptocurrency you want at a listed price. You can use your payment method of your choice, to purchase any currency you need. Once you have purchased a cryptocurrency on the exchange, the next step is to transfer it to your wallet. To transfer your coins to your crypto wallet, click on withdrawal, send, or an exchange transfer option.
NFT Marketplace & Start Buying
With your wallet ready and funds transferred, you are all ready to start your NFT journey. For this, you must first select a suitable NFT market place and create an account there. Depending on your interests and the type of NFT you want, there are plenty of market places to choose from. The important thing is to carefully evaluate the quality of the artwork and the honesty of the artist before spending big money on any property.
Once you are settled in NFT, you have a few clicks left to own it. To complete this, click the Buy / Sell button in the market place and follow the instructions. Once the work is completed, the digital assets will be transferred to your wallet. NFT has transformed the way we buy and sell things in the digital world. Not only have they become a new way of making a fortune, but they have also become a tool for raising money.
With your wallet ready and funds transferred, you are all ready to start your NFT journey. Depending on your interests and the type of NFT you want, there are several markets to choose from. The important thing is to carefully evaluate the quality of the artwork and the honesty of the artist before spending big money on any property.