Diving into the NFT realm is pretty complicated… and we’ve only scratched the surface. Let’s add another layer (but don’t get overwhelmed, we’ve made it easy to understand!).

If you’re new to the space, you might not know that you can’t really buy NFTs with a debit or credit card — and even if you did, it’d be pretty risky and unsafe to do so. Instead, you’ll likely be purchasing cryptocurrency (time to get familiar with your new best friend, Ether, or maybe Solana, or a laundry list of others), then buying your NFTs with that. But in order to purchase crypto, you need a wallet specifically for it. Likewise, you’ll need a wallet to store your NFTs.

Some might recommend that you should have different wallets for different things — because, as they say, “don’t put all your eggs in one basket!” This is solid advice because if you did get hacked, at least everything wouldn’t be gone.

Here’s to being an early adopter, eh?

You shouldn’t have to worry about whether or not your wallet will be compatible with what you need to use it for. Prior to signing up for a wallet, make sure it’ll meet your needs.

We’re dealing with funds and digital assets. Your wallet, similar to your bank account, should be valued and protected by the company. On the subject of security, click here to learn about NFT scams and how you can avoid them.

There’s no point in using a wallet you don’t understand just because advanced users in the space say it’s good. Use a wallet that makes sense to you and doesn’t make you stress trying to figure out.

Hot wallets are a popular choice because of their convenience and ease of use, but they come with a slight catch: they’re not nearly as secure as hardware wallets. This is simply due to the nature of what they are (being completely online and all) — and though they are still very safe — cold wallets are unbeatable. Similar to how information saved on your USB drive is much more secure than that saved on the cloud.

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

These types of wallets provide an extremely high level of security because they’re not directly connected to the internet.

Pros

Cons

Pros

Cons

If you prefer to go with a hardware wallet, you should never purchase it from a third-party. This is because it’s possible that the wallet was tampered with and contains malicious software that puts your digital assets in jeopardy. Always, always, always purchase it directly from the company itself.

Please note that neither list was comprehensive of all your options — but they are tried, tested, and trusted wallets. Out of all these good options, the absolute safest would be a blend of them. This is, of course, if you’re able to remember all your passwords, seed phrases, etc., and keep them in a safe place.

This is not financial advice. Please do what is best and safest for you within your means. Stay safe and smart within the NFT realm!

To surf ScopeX cross-marketplace and cross-blockchain, check us out here.

Diving into the NFT realm is pretty complicated… and we’ve only scratched the surface. Let’s add another layer (but don’t get overwhelmed, we’ve made it easy to understand!).

If you’re new to the space, you might not know that you can’t really buy NFTs with a debit or credit card — and even if you did, it’d be pretty risky and unsafe to do so. Instead, you’ll likely be purchasing cryptocurrency (time to get familiar with your new best friend, Ether, or maybe Solana, or a laundry list of others), then buying your NFTs with that. But in order to purchase crypto, you need a wallet specifically for it. Likewise, you’ll need a wallet to store your NFTs.

Some might recommend that you should have different wallets for different things — because, as they say, “don’t put all your eggs in one basket!” This is solid advice because if you did get hacked, at least everything wouldn’t be gone.

Here’s to being an early adopter, eh?

You shouldn’t have to worry about whether or not your wallet will be compatible with what you need to use it for. Prior to signing up for a wallet, make sure it’ll meet your needs.

We’re dealing with funds and digital assets. Your wallet, similar to your bank account, should be valued and protected by the company. On the subject of security, click here to learn about NFT scams and how you can avoid them.

There’s no point in using a wallet you don’t understand just because advanced users in the space say it’s good. Use a wallet that makes sense to you and doesn’t make you stress trying to figure out.

Hot wallets are a popular choice because of their convenience and ease of use, but they come with a slight catch: they’re not nearly as secure as hardware wallets. This is simply due to the nature of what they are (being completely online and all) — and though they are still very safe — cold wallets are unbeatable. Similar to how information saved on your USB drive is much more secure than that saved on the cloud.

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

Pros

Cons

These types of wallets provide an extremely high level of security because they’re not directly connected to the internet.

Pros

Cons

Pros

Cons

If you prefer to go with a hardware wallet, you should never purchase it from a third-party. This is because it’s possible that the wallet was tampered with and contains malicious software that puts your digital assets in jeopardy. Always, always, always purchase it directly from the company itself.

Please note that neither list was comprehensive of all your options — but they are tried, tested, and trusted wallets. Out of all these good options, the absolute safest would be a blend of them. This is, of course, if you’re able to remember all your passwords, seed phrases, etc., and keep them in a safe place.

This is not financial advice. Please do what is best and safest for you within your means. Stay safe and smart within the NFT realm!

To surf ScopeX cross-marketplace and cross-blockchain, check us out here.