Due to the decentralized nature of blockchain, many users remain reluctant to leave their assets at the mercy of a centralized exchange. Instead, they opt to choose to access their non-fungible tokens and cryptocurrencies via non-custodial wallets. In essence, this means that the user has complete control over their own private keys.

This system will provide unparalleled security to vigilant users, while careless users will be at risk of potential exploits. So, in the spirit of healthy endeavor, it’s pertinent to take a quick look at what’s under the hood of some of the most popular non-custodial wallets.

MetaMask

Coming out of the vaults of veteran Ethereum developer, Consensys, MetaMask remains by far the most popular non-custodial wallet on the market offering up support for both Android and iPhone users.

Furthermore, MetaMask also connects with a wide range of decentralized applications and NFT marketplaces, allowing users to purchase and interact with NFTs over a variety of chains.

 

MetaMask includes a number of standardized security features all centered around a 12-factor seed phrase that, if misplaced, makes the contents irretrievable. In addition, users must grant permissions at a dapp level, which can result in undesirables accessing their funds. However, to increase security, MetaMask also supports leading hardware wallets from both Trezor and Ledger.

Pros

Large Community of Users
Hardware Wallet Support
In Built Web3 Browser
Multiple Chains Supported

Cons

No Support for Solana NFTs
Not Beginner Friendly
Fiat Not Supported

Take a closer look at MetaMask >> Here

NOW Wallet

Relatively new on the scene, NOW Wallet is the product of innovative crypto exchange, ChangeNOW. It offers up a window to the decentralized plane via both Android and IOS. All users have full control over their private keys, and there is no registration required.

NFT support comes in the shape of a fully functional digital asset ecosystem, allowing collectors of the non-fungible variety to send and receive their prized tokens at will, as well as trade through a variety of marketplaces, and even curate their very own collection. Later down the line, ChangeNOW will incorporate a platform-optimized, in-house developed marketplace. This will be in addition to the incorporation of both the Binance Smart Chain and Solana Networks.

NOW Wallet boasts one of the most user-friendly interfaces in the industry, allowing users to interact with their non-fungible tokens with the greatest of ease. All supported by the ability to make purchases using over 60 run-of-the mill fiat currencies.

Pros

Supports Fiat Payments
Beginner Friendly
NFTs Supported in APP
Wide Range of Services

Cons

● No Support for NFTs on Solana and BSC Implemented Yet

Get to know the NOW Wallet >> Here

AlphaWallet

AlphaWallet comes in the shape of a 100% open-source, mobile optimized non-custodial wallet, giving tech-savvy users greater scope to customize its services. However, it does not offer a swapping feature on its platform, instead, allowing users to make purchases using a bank card. Security comes in the form of biometrics and pin code protection, all backed up by a 12-word seed phrase.

Pros

Supports Most Gaming Tokens
100% Open SourceCons
Favours the Tech Minded
No Swapping Feature

Find out more about AlphaWallet >> Here

Trust Wallet

Another widely used option available on Android and IOS devices, Trust Wallet benefits from its integration with a wide number of chains. However, NFT support is currently restricted to ERC721 and ERC1155 tokens on the Ethereum and Binance Smart Chain networks. Furthermore, an integrated dapp browser additionally makes surfing the Web3 ecosystem a breeze, while a dedicated NFT feature allows users to display and view their assets from a single, convenient access point.

Security comes in the standard form of biometrics backed up by a 12 factor seed phrase. However, some users report that the platform would benefit from tighter access restrictions.

Pros

Crypto Support for a Wide Range of Blockchains
Integrated Dapp Browser
Dedicated NFT Feature

Cons

Security Could be More Robust

Take a tour of Trust Wallet >> Here

Jaxx

The product of the Canadian development team, Decentral, Jaxx manifests as a versatile wallet available for a whole range of mobile and desktop devices. Currently, the Jaxx wallet supports predominantly Ethereum-based assets, so users can easily use it to trade NFTs. However, the platform currently has no way to view the non-fungible tokens via the wallet.

Jaxx uses bank-level encryption to secure its platform, while also enabling access through facial recognition and password protection. All backed up with a personal 12-word seed phrase to keep those assets safe.

Pros

Available for Desktop and Mobile
Supported by a Wide Range of Operating Systems
Bank-Level Encryption

Cons

No Dedicated NFT Feature
Customer Support Slow to Respond

See what Jaxx has to offer >> Here

In conclusion, non-custodial wallets allow for a greater degree of control over those prized assets. However, the user remains wholly responsible for their self-managed access credentials. So, should that seed phrase become waylaid, the assets linked to it will disappear into the great crypto void. That said, financial institutions have long been the bane of human existence, and a move away from their noxious grip should be welcomed with open arms.

Currently, MetaMask, with its millions of users, remains the number one choice for seasoned collectors. However, NOW Wallet will prove the easiest to get to grips with for those new to the market, drawing on its intuitive user interface to provide a simple and fluid introduction to the collecting of NFTs.

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

The post Top Non-Custodial Wallets for NFTs in 2022 appeared first on NFT Plazas.