Overview

Algorand wallets help users to safely send and receive ALGO as well as facilitate daily transactions for artists and collectors in the NFT space, but they’re incredibly useful for so many other things.

Being a proof-of-stake (PoS) blockchain, certain Algorand wallets also allow users to earn steady returns for staking their ALGO.

Whichever Algorand wallet you decide to use, make sure that you follow wallet security best practices. Always back up your seed words and store them in a safe location and don’t download any suspicious files that could be laden with malware.

Key Takeaways for Creators and Collectors

There are plenty of great options to choose from when it comes to Algorand wallets, each with its own unique points plus added functionality. Your wallet should let you:

• Manage ALGO and Algorand native tokens

• Safely store your NFTs and Algo native tokens to use and view at your discretion

• Stake ALGO and other native tokens to earn passive rewards and secure the network

• 24/7 access to your funds to transact and cash out whenever you want

• Access and use a growing number of dApps via your wallet

• Allow compatibility with a hardware wallet, such as a Ledger Nano X, which is the best way to keep your assets safe.

What’s the best wallet for me?

Check out our carefully-selected Algorand wallets to find the one that works best for your needs.