View profile

A Quick Guide To NFT Wallets

Consider a crypto wallet to be a digital version of your bank account used for storing and transferring digital valuables. For NFTs in particular, many wallets provide several features that allow you to seamlessly and safely track your digital collectibles’ value and blockchain-based transactions in an organized and intuitive manner.
Features like a user-friendly interface, support for multiple devices, security, and chain compatibility are factors you should carefully examine when picking an NFT wallet that best suits your needs. For example, it is essential for the wallet you choose to be compatible with the Blockchain network your digital assets were built on. 
Let’s take a look at three of the best NFT wallets available in the market:
Metamask wallet: One of the most popular digital wallets, with a browser extension and a mobile app version, Metamask allows users to access other decentralized apps across multiple blockchains. It, however, provides users with default Ethereum addresses for storing and transacting NFTs directly on any Ethereum-based marketplace. Another unique feature is that it is easy to set up and sync between the mobile app and browser extension for seamless transaction monitoring.
Coinbase wallet: This is an ideal NFT wallet for beginners because of its user-friendly interface plus the ability to trade NFT using usernames rather than public wallet addresses. It also allows users to access decentralized apps on various blockchains while maintaining complete control over their digital assets.
Trust Wallet: Trust wallet is a mobile-only digital wallet with a user base of over 5 million people. It manages and stores NFTs on its platform and supports over 40 blockchain networks. Although it does not offer NFT transfer services, its unique one-click access to NFT applications makes it an excellent choice for beginners.
Simple Wallet Safety Practices
Because losing access to your NFT wallet can lead to permanent loss, especially if you’re using non-custodial wallets like Metamask, Trust, and Coinbase, it is vital to follow key tips that protect your wallets against malicious security attacks.
Here are five simple security practices that will help keep your valuables safe from cyberattacks.
1. Download your NFT wallets and Applications from the official website to avoid copycat applications listed by scammers.
2. Avoid using public Wi-Fi and computers when using your digital wallets. If you must, make sure you have a VPN installed on your device and that you wipe your data before logging out of public computers.
3. Back up your wallet by storing your seed or recovery phrase in an offline and safe location.
4. To further strengthen your security posture, set up additional layers of protection by using two-factor authentication apps such as Authy or Google Authenticator to keep hackers at bay.
5. Finally, for improved security, update your wallets regularly. Hackers can exploit deprecated software packages that haven’t been updated in a long time.
Thank you for reading
SocialPass is using tomorrow’s technology to solve today’s event ticketing issues.
Sign up for FREE today to test out our solution: Register here
Did you enjoy this issue? Yes No

The Eventbrite of #Web3 | Easily create, manage & host events

| @NFTYLab | @NFTYNetwork |

In order to unsubscribe, click here.
If you were forwarded this newsletter and you like it, you can subscribe here.
Created with Revue by Twitter.