Best WAX Wallets for NFTs

WAX (Worldwide Asset eXchange) is a decentralized network of blockchain-based tools that emulates the EOS.io blockchain and on which decentralized applications, marketplaces, NFTs, and token-based games are built. 

The core of this ecosystem is WAX (WAXP) –  an environmentally-friendly blockchain and protocol token for DApps transactions. The WAX blockchain uses delegated proof-of-stake (DPoS) as its consensus mechanism and is designed to be fully backward compatible with EOS. The user features and incentive mechanisms developed by WAX were initially designed to optimize the use of the blockchain in e-commerce. 

Nowadays the WAX blockchain is great for holding, buying, and selling NFTs as well as for crypto gaming. Low entry thresholds for most games, minimal fees, and ease of use make WAX a great play-to-earn option with little capital.

The best way to interact with WAX NFTs is, of course, through a wallet. With a WAX wallet, you can conveniently interact with applications, games, and NFT marketplaces on the WAX network. WAX was initially built on the Ethereum blockchain but in 2019 launched its mainnet and the ERC-20 tokens were converted to native WAXP tokens. 

Luckily for you, we have done all the research to compile a list of top WAX wallets for NFTs in 2022. Each of these wallets is well-known in the WAX community and has its pros, cons, and distinct features that make it the right choice for different people. This review will help you to find the best WAX NFT wallet for your specific case. 

1. WAX Cloud Wallet

WAX Cloud Wallet

95%

WAX Cloud Wallet (or WCW) is an original WAX wallet and the main interface for using the WAX ecosystem. WCW is a custodial wallet, which immediately brings up the issue of private key security, but more of that later. WCW is available for desktop and mobile and has a simple and easy-to-use interface and great functionality. It can also be used as a wallet for WAX NFTs. 

In general, there are 3 types of WAX-based tokens: 

  1. WAXP or simply WAX is the main token of the WAX ecosystem. You can perform most of the actions in the ecosystem with it. 
  2. WAXE is a utility token on the Ethereum network (ERC-20) which is obtained by transferring WAX tokens through the ETH Bridge. It allows you to contribute liquidity to the WAXE-ETH pool for further earnings.
  3. WAXG is an ecosystem governance token that is used for voting and control.

Fairly easy onboarding process

You can preview all the NFTs that you own in the wallet

Built-in browser for exploring NFT and DeFi applications

Diverse marketplace

Dedicated development team

Powerful APIs

Holders of WAX wallets gain access to a global community of collectors and merchants, dApp creators and players, merchants, and game developers

Backward-compatible with EOS (dApps on EOS can be easily migrated to WAX)

Many industry players behind WAX Advisory Council: Google, Microsoft, Marvel, Unity, and more

2. Anchor Wallet

Anchor Wallet

93%

Canada-based company Greymass offers this alternative solution to holding WAX NFTs and develops the Anchor wallet, which is designed to bring a combination of reliability and security. Like the WAX Cloud Wallet, the Anchor Wallet is available on mobile and desktop, but it offers a much higher transaction speed than its competitor.


It’s an EOS-based wallet, so any EOS coin can be stored here including WAXE

Non-custodial – you own the private keys to your wallet

Free transactions

Easy and reliable sign-in to dApps and websites

Cross-platform wallet: currently available for desktop (Windows, macOS, Linus) and mobile (iOS, Android)

Note that for the desktop version the supported coins are EOS, WAX, Telos, Proton, and FIO, while the mobile version additionally supports BEOS, BOS, Insights MEET.ONE, and Worbli

The desktop version is also ledger compatible and provides additional power user tools

The mobile version stores keys using a secure enclave

Rather complex to use

Some WAX applications don’t support Anchor


ERC20-compatible wallets

While two previous options directly support the WAX token ecosystem, WAX NFT holders can use many Ethereum-compatible wallets to store their NFTs and tokens. This opens up a whole new world of wallet-based opportunity, although there are some things to be aware of.

Some of these Ethereum wallets require you to add WAX as a custom token, while in others you can only swap and store the WAXE utility token (which you can later on swap for the WAX token). If you can get your head around what you need to do for each one, the following wallets make great wallets for WAX NFTs

  • MetaMask
  • Trust Wallet
  • MathWallet
  • Exodus
  • Atomic 
  • MyEtherWallet
  • Mist Wallet
  • Enjin Wallet
  • KeepKey (hardware)
  • Ledger Nano S (hardware)

For this rcomparison we will look closer at Metamask, Trust Wallet, and MathWallet since they are the most used Ethereum wallets in the community.

1. MetaMask

MetaMask

95%

MetaMask is the most popular crypto wallet that allows you to interact with the Ethereum network. It has both a mobile and a browser extension that allow you to use Web 3.0 marketplaces with just a couple of clicks. 

Many crypto enthusiasts believe MetaMask is the best Ethereum NFT wallet. You barely find an Ethereum wallet overview that doesn’t mention MetaMask wallet and for a good reason. First of all, it is easier to use than almost any other Ethereum wallet. MetaMask allows users to store ETH, ERC-20, and ERC-721 tokens made on the Ethereum network alongside coins from other networks, including WAX NFTs.


Built-in browser for exploring NFT and DeFi applications

Users can easily create and switch between multiple ETH addresses of their own

The mobile app also supports the direct transfer of ERC-721 tokens from one address to another

Built-in support for direct exchange between Ethereum and other ERC-20 tokens

It has one of the best encryption technology that stores each user’s password and private keys in their devices

No two-factor authorization (2FA)

MetaMask is only compatible with Ethereum and other EVM-compatible blockchains

Concerns about the wallet sharing identifiable information with data collection networks

2. Trust Wallet

Trust Wallet

93%

Trust Wallet, operated by Binance, is a mobile-only wallet that allows its users to store, trade, and cash out NFTs and ERC20 tokens through a secure system. The ability to trade WAX NFTs within the app makes it a strong contender for versatility.


Great user-friendly UI that brings out the beauty of NFTs

The wallet up and running in just a couple of steps

You can buy over a hundred different cryptocurrencies with this wallet, including Bitcoin, Ethereum, XRP, TRON, and Bitcoin Cash

Built-in exchange feature that makes it easy to swap cryptocurrencies and WAX NFTs

Trust Wallet offers one-click access to NFT applications

It can also work as a cryptocurrency as well as a DeFi wallet

Only available on mobile, limiting options and increasing security risks

Affiliation with Binance could see it prioritise applications on its own chains over WAX

Security implications with being a hot wallet

3. MathWallet

MathWallet

89%

MathWallet is not as well known as some other wallets listed here, but it provides some additional benefits nevertheless. It is also MetaMask’s biggest competitor as they both offer similar features, although one area where it has MetaMask badly beaten is the number of blockchains it accepts; where MetaMask only supports Ethereum, Binance Smart Chain, and a few other testnets, MathWallet supports over 100 different blockchains and coins, including WAX, making not just a great WAX NFT wallet but a good all-rounder.


MathWallet is an all-rounder thanks to its multi-platform support and cross-chain ability

Multi-chain wallet for Web3 with support for more than 100 public chains like Ethereum, Bitcoin, Solana, and many others

Quick access to numerous DEXes

Suitable for staking

Built-in Dapp browser that enables users to view different NFT marketplaces


Conclusion

In this article, we reviewed the best WAX NFT wallets and some of the best Ethereum-based wallets which also accept WAX NFTs. Even though all candidates are well-known in the crypto and NFT community, you should ask yourself what you want from a wallet and what features it should have before you make a final decision on which WAX NFT wallet to go for.

Don’t forget though that WAX NFT wallets are all free, so why not try them all out and see what suits you best?