Polygon is a framework for creating blockchain networks that are compatible with the Ethereum network. Formerly known as the Matic Network (and still using the MATIC ticker), Polygon is an Ethereum network scaling solution rather than being its own blockchain, but it can do so much more than the name implies. Think about it more as a solution for developers to create Ethereum compatible blockchains than a way for increasing Ethereum’s throughput.
Polygon’s developers say that the blockchain “will provide an opportunity to focus on building applications with real value and without the current restrictions of Ethereum”, and indeed in its short history it has shifted with the times quickly, expanding its product range to match new trends. We can be sure that there will be plenty more developments to come for this popular project.
About Polygon NFT Wallets
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One of the ways in which Polygon has blossomed is to carry NFTs. NFTs existed initially on the Ethereum blockchain, but now most large networks are able to carry them, including Polkadot, Solana, Cardano, Tron, and, of course, Polygon.
For many NFT-enthusiasts, the ideal solution for storing NFTs is to choose a non-custodial crypto wallet where private keys are under the control of the wallet owner and where there is support for multiple blockchains. Unfortunately, Polygon doesn’t have an official wallet itself, leaving Polygon NFT holders with the sometimes overwhelming choice of third-party NFT wallets.
Each of the Polygon NFT wallets listed below has a unique set of strengths and weaknesses, with different target markets in mind for each. We therefore advise you to think about your specific needs as you read so you’re sure what will be the best Polygon NFT wallet for you.
1. MetaMask
95%
MetaMask is the most popular crypto wallet that allows you to interact with the Polygon network, allowing it to act as a Polygon NFT wallet. It has both a mobile and a browser extension that allow you to use Web 3.0 marketplaces with just a couple of clicks.
The Polygon website chooses the MetaMask wallet as its default Polygon NFT wallet, which is about as close to an endorsem*nt as you can get. Many crypto enthusiasts believe that MetaMask is the best Polygon NFT wallet out there too, and this is for a very good reason; it is easier to use than almost any other Polygon NFT wallet, with anyone with basic knowledge of cryptocurrencies able to get to grips with it quickly.
As the most popular Polygon NFT wallet with open-source code and a committed team, MetaMask is sure to improve at a faster rate than almost any other wallet for Polygon NFTs on the market.
MetaMask Pros & Cons
| + | Transactions are synchronized in both mobile apps and web apps |
|---|---|
| + | Built-in browser for exploring NFT and DeFi applications |
| + | Built-in support for direct exchange between crypto-assets |
| + | Great encryption technology that stores each user’s password and private keys on their devices |
| - | No two-factor authorization (2FA), which is a must for many mobile users |
|---|---|
| - | Concerns about the wallet sharing identifiable information with data collection networks |
| - | Relies on one of several end clients to operate, which can impact user experience |
2. SafePal S1
90%
SafePal is a hardware wallet provider that also has a decentralized mobile wallet app. SafePal isn’t a name that everyone will have heard of, but the project was founded back in 2018 and is backed by Binance, so it’s not a small operation by any means. The SafePal S1 hardware wallet launched in 2019 as an alternative to Ledger and Trezor models with a cheaper price point, making it attractive to a wider number of users.
SafePal also operates a mobile wallet that can be used separately from the hardware wallet and offers a software Polygon NFT wallet for those who don’t want to splash out on the SafePal S1. For best results, however, it should be teamed with the SafePal S1.
SafePal S1 Pros & Cons
| + | Very attractive price (around half the price of equivalent other models at launch) |
|---|---|
| + | Supports Polygon NFTs and Ethereum NFTs |
| + | Has a ‘self-destruct’ mode if it detects a virus or other attack |
| + | SafeApp supports trading and swapping of supported coins and NFTs |
| + | Airgapped for extra security |
| - | Not open to users in America, China, and Japan |
|---|---|
| - | Laborious to set up and considered too complex for a novice by some |
| - | Build quality is not as good as other hardware wallets |
3. Trust Wallet
90%
Trust Wallet is a mobile-only cryptocurrency wallet that allows its users to store, trade, and cash out NFTs through a secure system. A lot of people like Trust Wallet because of its straightforward interface and DApp access, with the ability to store and trade Polygon NFTs, and as such it is probably the best Polygon NFT wallet on a mobile device.
What’s particularly good about Trust Wallet for Polygon NFT users is that it displays your NFT collection beautifully, which is part of the pleasure of owning them in the first place.
Trust Wallet Pros & Cons
| + | Great user-friendly UI that brings out the beauty of NFTs |
|---|---|
| + | Quick setup and clean design |
| + | Ability to trade NFTs and cryptocurrencies in-app |
| + | Supports Ethereum and Polygon NFTs |
| + | One-click access to NFT applications |
| - | Only available on mobile |
|---|---|
| - | No two-factor authorization (2FA), which is a must for many mobile users |
| - | Remains connected to the internet whenever the device is |
4. Coinbase Wallet
85%
Coinbase is considered the most complete Ethereum wallet by some, and its support of Polygon NFTs adds to its appeal. Just like MetaMask, this wallet is also immensely popular and with backing from Coinbase you can be sure it’s no fly-by-night operation.
Coinbase Wallet has made our list because it’s an ideal tool for beginner Polygon NFT holders, with a user-friendly interface that’s easy to pick up.
Coinbase Wallet Pros & Cons
| + | Simple user interface |
|---|---|
| + | Support of more than 50 different cryptocurrencies |
| + | Transfer coins by using usernames instead of wallet addresses |
| + | One-click option to back up your private keys on a personal cloud drive for safety |
| + | Browser extension for maximum NFT trading efficiency |
| + | Will support Coinbase NFT marketplace when it launched, where users can mint, collect, and view their NFTs |
| - | Hot wallet, meaning it is connected to the internet whenever your phone is |
|---|---|
| - | Offers cloud backups of private keys which is insecure |
| - | Coinbase is not the most popular name in the cryptocurrency world |
5. D’CENT Hardware Wallet
85%
Cryptocurrency wallet maker IoTrust makes the D’CENT wallets in a variety of shapes and formats – a biometric hardware wallet, a card wallet, and a mobile wallet. The hardware wallet, which is the best of the litter as far as we’re concerned, is equipped with a large OLED display and an EAL5+ chip that provides bank-level data security. Security is ensured with a seed phrase which owners can use to re-import their holdings if needed. The D’CENT wallet didn’t offer many coins when it first launched in 2020, but now it offers support for thousands across various blockchains, including MATIC and Polygon NFTs.
The fingerprint scanner is a bone of contention, with many believing that it compromises security and isn’t something that should be present on a hardware wallet. The D’CENT hardware wallet was launched with a similar valuation to the top Trezor and Ledger wallets at the time, which some feel is a bit ambitious given its limited capabilities.
D’CENT Hardware Wallet Pros & Cons
| + | One of the easiest hardware wallets to use |
|---|---|
| + | The “Collectibles” tab displays your entire NFT collection |
| + | Bluetooth connection to mobile app for easy transacting |
| + | Contains built-in portfolio tracker |
| + | The big screen and built-in fingerprint sensor make it very convenient to use |
| - | Larger than the competition |
|---|---|
| - | Less utility than newer hardware wallets |
| - | Fingerprint access a concern for some |
Conclusion
With Polygon being a fairly new blockchain there aren’t a whole lot of wallets that support it, let alone Polygon NFTs. But with the NFT market constantly expanding and Polygon also growing at a rate of knots, it won’t be long before more wallet providers are supporting Polygon NFTs.
Hopefully, this article has given you an idea of the various Polygon NFT wallets out there and helped you decide which one to go with. Security and reliability are the top properties for any Polygon NFT wallet user, although those who change up their Polygon NFT portfolio regularly may find utility the watchword.
Even though all the candidates mentioned above are well-known in the crypto and NFT community, you should ask yourself what you want from a wallet before you make a final decision. Of course, what you deem to be the best wallet for Polygon NFTs will be down to your usage, but we’re sure that one of these will keep your NFTs safe and sound for many years to come.
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