Since NFTs are built on a blockchain network, they can be stored in a digital wallet. But do note that the wallet must be NFT-compatible. Even though blockchain protocols are highly secure, it’s best to make use of some security practices to protect your NFTs. Cryptocurrency exchanges come with threats since they are unregulated, so you want to have the best protection possible. Apart from a digital wallet, you can store an NFT on a private or centralized server or a decentralized storage mechanism like Arweave or IPFS.