What’s In Your NFT Wallet?
In this Nifty Chicks, “I’m a Safety Girl” tutorial, we will cover how many different wallets you should have. The types of wallets you need & how to help keep you safe in the NFT space.
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How Many Wallets Should You Have?
Minimum 3 – possibly up to 5 depending on the amount of trading, your risk aversion & how many projects you are researching & connecting with.
- Types of wallet
- Hot – Connected to the internet
- OpenSea
- Metamask
- Coinbase
- Binance
- Wax
- Cold – Physical Hardware
- Ledger
- Trezor
- KeepKey
- Paper Wallet
- WalletGenerator
- Hot – Connected to the internet
Best 10 NFT Wallets Ever: A Complete List
How to use the different types of wallets:
Hot Wallets:
- Burner
- Store almost no ETH – .3-.5 MAX
- As always depending on your risk level
- This is for testing the waters
- Before connecting the Degen & definitely before minting
- Degen
- Again for testing & making sure it is safe
- Max 1 ETH
- Minting
- This is what you use for Whitelist (WL) / Allowlist (AL)
- Only move ETH for mint
- Move NFT after mint to a Cold wallet
Cold Wallets:
- Lukewarm
- What you will use to sign in to OpenSea & CollabLand to verify
- Store valuable NFTs you need to access frequently
- Ice Cold
- This should be a hard wallet you have little to no interaction with
- Store your prized NFT collection
General Safety Reminders
- Disconnect from websites you have visited
- Check your allowance status with sites you have connected with on Metamask & disconnect from those that are needed
- Never store your seedphrase / password on your computer
NFT SAFETY – Minting:
💡Have a completely separate (empty) wallet dedicated to minting sites.
💡If you *must* have another specific NFT in the same wallet to qualify, move it (don’t use your main wallet).
💡Keep limited ETH here.
💡Once minted, move your NFT to a hard wallet.
Couldn't resist…
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