NFTs (Non Fungible Tokens) have become one of the most dynamic sectors in the world of cryptocurrencies and blockchain technology. By fusing rarity, digitization and intellectual property, NFTs have catalyzed the creative economy, attracting a diversity of creators, innovators, artists and collectors converging in diverse communities.
It is important to note that this technology is relatively new and is constantly evolving. Consequently, we cannot yet determine its ultimate use case, but what we can say with certainty is its potential to revolutionize multiple industries.
With the new Bitnovo Wallet you will be able to receive and store your favorite NFTs.
Step by step to receive NFTs
Receiving an NFT is very similar to receiving any fungible token (cryptocurrency). For that you will have to:
- Enter the main screen and select “Portfolio”.
- Then select “NFT” and then “receive NFT”.
- Select the network through which you want to receive your NFT (e.g. Ethereum). Make sure that both the chosen network and the shipping address are compatible.
- Share that address to the person who will send you the NFT or paste the address in the wallet from where you want to send the NFT. Always check that it is the correct address and network before performing any operation.
Please note that the time it takes to reach your wallet depends on network congestion. That’s how simple it is to receive an NFT in Bitnovo Wallet. As you can see, the process is very similar to receiving a cryptocurrency.
Why should I store my NFTs in my Bitnovo Wallet?
If you are an NFT enthusiast (or “Degen” as they say in the jargon) you will know that keeping your digital assets safe is crucial. Unfortunately, there are a lot of scammers and keeping everything in the same wallet is dangerous. As you are participating in decentralized protocols, there is always a risk of interacting with scams or dangerous links. If by any unforeseen event, your seed phrase is exposed, then you may lose all your assets.
Suppose you want to explore the NFT world. You will most likely browse the Ethereum or Polygon network as they are the most commonly used. What we recommend is that you generate two wallets for different purposes:
- A wallet for surfing the web and being able to buy, sell, “mine” and exchange NFTs.
- A Bitnovo Wallet to receive and store your favorite and most valuable NFTs.
This way you know that as long as you keep the Bitnovo Wallet seed phrase, you have nothing to worry about. We continue to work so that you can take advantage of crypto opportunities in one place. Making your experience as simple and pleasant as possible.
