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When it comes to storing your precious NFTs or NFT collections, you want to make sure you are using the best possible option. Several different wallets support NFTs, but not all of them are created equal.
In this article, we will compare the top 5 cold wallets with NFT support. We will look at the main features of each wallet and help you decide which one is right for you!
Cold Wallet #1 – Keepkey Wallet
Keepkey is a premier NFT cold wallet provider. The display is large so you can easily monitor and track your NFTs. This wallet is excellent for NFT collectors because it’s simple to use and offers a secure way to store your NFTs. Keepkey also has multi-currency support so you can have all of your crypto assets in one place.
The wallet will generate 12 words for you to use as a security measure in case you lose the device or it becomes damaged. This way, you can always regain control of your digital assets. With these features and more, you can trust that your NFTs are in safe hands when stored on the Keepkey Wallet.
Cold Wallet #2 – Trezor Wallet
Trezor is a popular brand in the world of cryptocurrencies and now with their NFT support, they have become a popular choice for storing NFTs. Their advanced security measures are second to none and you can be sure that your digital assets will be safe with Trezor.
The wallet also supports multiple cryptocurrencies, so if you’re looking to diversify your portfolio beyond NFTs, Trezor is a great option. This cold wallet supports NFTs on both the Ethereum and Binance blockchain protocols. If you are looking to store NFTs from other blockchains, you’d have to look at another cold wallet provider.
You can connect your phone and computer to your Trezor wallet so that you can manage your NFTs. Unfortunately, Trezor does not work with iOS devices. This can be considered a downside for some users.
Cold Wallet #3 – Ledger Nano
Ledger is a recognized leader in the cryptocurrency space and its cold wallet offering is top-notch. The Ledger Nano S and the Ledger Nano X both offer robust security features to keep your NFTs safe. The brand is well-recognized and trusted. With its integration of NFT support, it has become a common choice for those looking to store their NFTs securely.
Ledger is an offline Ethereum currency wallet, keeping it safe from hackers. It is a trusted source for those looking to easily purchase or sell Ethereum-based NFTs. It has partnered with NFT marketplaces like Rainbow and Poap, and plans to bring Rarible on board soon. This brand is known for consistently adding new features and updates, so you can rest assured that your NFTs are secure and up to date.
A downside to Ledger is that because it only has two buttons, navigating the device can be challenging. The screen is small which makes it difficult to read the contents of your wallet. Although the brand is coming out with newer models with larger displays, older models may be challenging to use.
Cold Wallet #4 – Safepal Wallet
Another great cold wallet with NFT support is the Safepal Wallet. This device offers top-of-the-line security for your coins and tokens. It comes with secure encryption, 24/7 fraud monitoring, and more. With these features, you can be sure that your digital assets are safe and secure with Safepal. The wallet also has a great user interface that makes it easy to manage your NFTs.
With approximately 3 million users in almost 200 countries, Safepal is one of the newest companies around. The Litecoin Foundation, Binance Labs, and Trust Wallet all support and endorse it.
This cold wallet is more secure because it’s 100% offline and has a self-destruction feature to prevent attacks. With hacking attempts becoming more common and sophisticated, it’s important to have a wallet that can protect you from them.
The downside is that some users have found Safepal difficult to set up. This can be a problem for those that aren’t tech-savvy. Therefore, it might be best to watch some of their tutorials before purchasing to understand if it’s the right fit for you.
Cold Wallet #5 – Coolwallet
As the name implies, CoolWallet is a sleek and stylish wallet that keeps your NFTs safe. It has an easy-to-use interface application that connects your device to your phone to manage your NFTs. You can connect your Android or iOS device to another device with an encrypted Bluetooth feature. The physical device is discrete and is the size of a credit card.
The Coolwallet is the first hardware wallet that supports in-app NFT trading functions. This means NFT collectors can trade on marketplaces such as OpenSea and Rarible directly on their devices. By enabling these trading functions, users can keep their NFTs secure and buy or sell with ease.
This cold wallet is a newer development and time will tell if it really takes off. It has some nice features and offers advanced security with its encrypted Bluetooth connection, but is still a relatively new product in the space.
NFT Enabled Cold Wallet Comparison Table
In this section, we’ll compare all five cold wallets together to determine which is the best option for you. We’ll look at features such as cost, NFT compatibility, user-friendliness, and security features.
|Name||Cost||NFT Compatibility||User-Friendliness||Security Features|
As you can see, there are a variety of cold wallets available on the market that offer NFT support. Each has its own advantages and disadvantages, so consider your needs when choosing which one is right for you.
Summary of Pros and Cons of Each Cold Wallet
Here is a quick summary of the pros and cons of each cold wallet:
● Ledger: The most popular and well-known brand with basic security features but difficult navigation.
● Trezor: A trusted source with an easy-to-use interface and advanced security features.
● KeepKey: An affordable option with a large display that is easy to navigate.
● Safepal: A newer wallet offering top-level security with a difficult setup.
● CoolWallet: The first hardware wallet to support in-app NFT trading functions, but still relatively new.
How To Decide Which Cold Wallet Is Best For You?
If you are someone that needs to store your NFTs securely, there are many options available to you. Each of the five cold wallets discussed in this article has its own strengths and weaknesses.
When deciding which one is best for you, consider the features that are most important to you such as cost, user-friendliness, security features, and compatibility with NFTs. If you prioritize one of these features more, then find the wallet that meets all of your needs.
Either way, each one of these options is typically better than hot wallets because they offer enhanced security. Therefore, make sure to do your research and pick the one that fits you best.
NFTs can become extremely valuable in a short period and safeguarding your digital assets is important and should not be neglected. Doing so will ensure that you can enjoy your new NFTs worry-free.
No matter which cold wallet you decide is the best option for you, just remember that these wallets are designed to help keep your NFTs safe. It is important to research the wallet before you make a decision, and if you have any concerns about keeping your NFTs secure, always reach out to the wallet’s customer service team for assistance.
It’s also essential to take care of your private keys and not share them with anyone else. With the right cold wallet and proper care, you can keep your NFTs safe for years to come. Select the one that best suits your needs and enjoy collecting NFTs!