Best Crypto Wallet UK

If you want to invest in cryptocurrencies safely, you need to find a secure place to store your assets.

Therefore, it’s necessary for you to find a good crypto wallet, as well as understand how crypto wallets work.

In this guide, you will find everything you need to know about the best cryptocurrency wallets and their features.

But first, let us take you through the essential steps of signing up for a crypto wallet in the UK.

How to Sign Up for a Crypto Wallet UK – Quick Steps

1. Choose a Wallet

There are many crypto wallets to choose from. Of course, you should choose a wallet that fits your goals and needs.

However, one of the best crypto wallets available is the eToro Money Crypto Wallet. This convenient wallet supports more than 150 cryptocurrencies and allows you to exchange them with ease.

2. Download the Wallet

The eToro wallet is available both on Android and iOS. So, the next step is searching for ‘eToro Wallet’ in the Apple App Store or Google Play and download it to your device.

3. Create a Wallet Account

Now when the app is downloaded, you need to set up your wallet. Then you’ll be ready to store and spend the cryptocurrencies.

List of Best Crypto Wallets UK

  1. eToro – The Overall Best Crypto Wallet in the UK
  2. Crypto.com – Best Crypto Wallet for Staking UK
  3. Alvexo – Best Crypto Wallet For All Traders UK
  4. Margex – Best Crypto Wallet For Beginners UK
  5. Huobi – Popular Wallet to Buy Bitcoin in the UK
  6. Binance – Best Crypto Wallet for Android
  7. Coinbase – Best Crypto Wallet for iPhones and iOS
  8. Kraken – Secure Crypto Wallet To Buy and Store Crypto UK
  9. Coinjar – Best Bitcoin Wallet for Long-Term Investors
  10. CoinCorner – The Best Bitcoin Wallet for Beginners

Best Crypto & Bitcoin Wallets UK Reviewed

All the crypto wallets on our list are popular and reliable. Some wallets allow you to trade the currencies through their platform, and others are designed to keep your cryptocurrencies safe until you need them.

1. eToro – Best Crypto Wallet to Buy and Store Cryptocurrencies UK

In our opinion, eToro is the best crypto exchange and trading platform out there. This top broker also offers the best crypto wallet available. And it’s regulated by top-tier authorities worldwide, including the FCA in the UK, which makes it exceptionally safe.

Besides Bitcoin, eToro allows you to purchase a variety of altcoins like ETH, BNB, ADA, XRP, and so on.

You can trade your crypto through eToro’s trading platform very easily; whenever you make a crypto trade that way, the coins will automatically be stored in your wallet. And if you don’t want to trade and only want to use the wallet functionality, you can use eToro’s proprietary wallet technology.

The latter stores over 120 cryptocurrencies, and that can be a bit overwhelming for newbies. However, you can easily download the wallet as an app (works both on Android and iOS). Therefore, you can use it without the need to have a desktop by your side.

Furthermore, the eToro crypto wallet is useful for exchanging cryptocurrencies. The wallet supports more than 500 crypto-pairs. Therefore, if there’s a particular coin you’re interested in, you don’t have to use a third-party exchange.

Moreover, eToro allows you to trade in two different ways. Firstly, you can exchange cryptocurrencies for fiat currency. Alternatively, you can exchange them for other cryptocurrencies – that’s known as cross-crypto trading. Moreover, you don’t have to worry about commissions on eToro.

The only fees you’ll have to pay are the spreads, which means that the platform charges the difference between the bid and ask prices. Either way, eToro is definitely a cost-effective option.

Additionally, eToro provides tools for passive trading. eToro’s social trading tools are ideal for beginner traders who want to mirror the moves of more experienced traders.

If you use the CopyTrader tool, you can capitalise without making any big decisions. There’s also a curated CryptoPortfolio, a basket of prominent cryptocurrencies managed by the eToro investments team. That way, you don’t have to worry about the regular rebalancing of your portfolio.

All of these features are easily accessible on eToro. In fact, you can start using the eToro trading platform and wallet in a matter of minutes.

Plus, you can choose from different payment methods such as credit/debit card, PayPal, and bank transfers. One thing is for sure: eToro is a user-friendly, efficient, and safe place to buy and store crypto. Read our complete eToro review

2. Crypto.com – Crypto Wallet for Staking UK

Founded in 2016, Crypto.com is one of the most popular exchanges in the world. More importantly, it’s incredibly fast and safe, and it offers more than 250 different cryptocurrencies. And if you own the platform’s native token CRO, you’ll get discounted fees.

Furthermore, if you create a Crypto.com account, you can link it to multiple crypto wallets. The site also offers great methods of storing crypto, including a DeFi wallet.

In fact, the Crypto.com DeFi wallet is considered one of the best wallets for DeFi in right now.

In addition, you’ll get the opportunity to earn rewards through coins and tokens similar to those utilized by decentralized financial applications based on blockchain technology.

All in all, the Crypto.com wallet is one of the best options out there, and it’s ideal for staking crypto.

After all, Crypto.com is among the top crypto trading platforms. It has a minimum deposit of $1, and it also provides derivative products. Finally, the platform’s app is very user-friendly and convenient.

3. Alvexo – Bitcoin Wallet For All Traders In The UK

Alvexo offers a convenient trading environment too. This CFD platform is based in Paris but it has offices and Cyprus. Founded in 2014, Alvexo has developed into a trusted platform ideal for quick and efficient trading.

On Alvexo’s platform, CFDs can be traded by foreign exchange traders. And since we’re talking about a CFD platform, commissions are taken away from the spread.

The spread is the only fee that Alvexo charges. And there’s a variety of spreads for Classic Accounts, and they start as low as 2.9 pips.

Generally, on top of mobile applications and web platforms, Alvexo has similar features to those of a stockbroker, and it’s very easy to use.

If you’re a beginner or simply want to learn more, you can take advantage of the platform’s webinars and eBooks as well as education and trading signals. And last but not least, Alvexo is a regulated trading brokerage, which means it’s very safe.

After all, it’s regulated by the Cyprus Securities and Exchange Commission (CySEC) known for its strong security.

4. Margex – Crypto Wallet For Beginners UK

Founded in 2020, Margex became an exchange known for its privacy and ease of use. It’s accessible from anywhere in the world, and KYC information is not required.

Margex offers a convenient way to manage your finances. It also has a solid security program that guarantees the protection of your financial information.

You can even create a user-specific MP Shield (Listener Protection Shield) with encrypted data. Also, Margex doesn’t maintain a record of assets subjected to price manipulation.

You can rest assured that your account will be safe; various security options will be at your disposal during deposits and withdrawals.

Furthermore, Margex has a very intuitive interface, so it’s suitable for beginner traders. However, if you’re just starting out, you shouldn’t start trading before taking a look at their educational resources.

Margex’s trading website offers a variety of articles and video guides that will help you learn more about making money in crypto trading. There’s even the Crypto Trading Guide created with this specific goal.

5. Huobi – Wallet to Buy Bitcoin in the UK

Huobi is a popular cryptocurrency exchange founded in China and currently located in Singapore. Besides exchange services, it offers online financial services, and it offers a variety of assets like Bitcoin, Ethereum, and XRP.

In addition, it provides access to initial coin offerings (ICOs) before they are mainstreamed.

Huobi is also one of the largest crypto exchanges out there. It offers over 355 cryptocurrencies and has more than 5 million active users from around the world. According to Coinmarketcap, Huobi is among the top 10 cryptocurrency exchanges.

One of the reasons why Huobi became so popular is its accessibility. It’s very convenient and suitable both for newbies and seasoned traders.

The sign-up process is quite simple too. But more importantly, Huobi hasn’t reported any security breaches since it launched its crypto wallets.

Thanks to its security protocols, your funds would be very safe with Huobi. That’s also because they would be stored in cold storage that is not connected to the Internet and, therefore, not easy to hack.

6. Binance – Crypto Wallet for Android Devices

With billions of dollars in trading volume every day and a high level of liquidity, Binance is one of the largest and most popular crypto exchanges.

It also offers a trusted crypto wallet popular among professional traders. This wallet is ideal for Android users because the whole platform is optimized for Android devices.

Nevertheless, Binance has a wide selection of cryptocurrencies. So, if there’s a particular altcoin you wish to invest in, you’ll probably find it on Binance.

The platform also allows you to exchange crypto for both fiat and other cryptocurrencies, just like eToro. Also, you can make a deposit via credit/debit card or bank transfer without hassle.

Similar to the eToro wallet, the Binance wallet follows a 2-pronged approach. You can access the wallet through the Binance trading app, and all your crypto will be stored there safely.

In fact, Binance is arguably the most secure crypto wallet available thanks to a range of safeguards. The majority of funds are kept in cold storage (cold wallet), and there’s a two-factor authentication as well as e-mail confirmation whenever you want to access main account features.

But you also have an option to get a popular Binance Trust wallet. This wallet works as a separate and decentralized app, which means you control your private keys and have more freedom over your crypto.

In terms of withdrawal and deposit fees, the platform charges between 2% and 3%. But Binance is also known for low trading fees – the fee is normally 0.1%, and if you own their native coin BNB, you’ll get a reduction of this fee. Plus, there’s a variety of tools and features suitable for more experienced investors.

7. Coinbase – Crypto Wallet for iPhones and iOS Devices

Another large crypto trading and investing platform you should consider is Coinbase. It has over 73m users and $255 billion in assets and provides a variety of different coins.

And just like Binance, Coinbase offers two options: using their trading platform or using their wallet separately. So, you can access it through their website or via their mobile app.

If you want to use a wallet on the Coinbase platform, you can send your crypto to the unique address (provided by Coinbase) that will be used for storing your assets.

Alternatively, you can download the Coinbase app. It’s available on iOS and Android devices, and it has strong security features. For example, the app entails two-factor authentication, and if you want to access your wallet, it requires you to use a code you will receive on your phone.

8. Kraken – Safest Crypto Wallet To Buy and Store Crypto

Founded in 2011 in San Francisco, Kraken is one of the first crypto exchanges in the country. And even after 10 years, the platform has more than 4m active users.

Kraken is very easy to use and it offers a wide selection of margins, so it comes as no surprise that it’s so popular. But one of its biggest benefits is strong security, making it the safest crypto wallet. In terms of safety measures, the Kraken crypto wallet is one of the best options available.

If you want to buy crypto with Kraken, you can choose from an advanced and basic interface (Kraken and Kraken Pro). Both versions are available on Android and iOS devices.

Additionally, the company has a no minimum deposit policy, and it allows you to trade any currency you wish. Everything on Kraken is very secure and straightforward, but in case of any issues, you can contact their active and responsive customer support.

9. Coinjar – Best Bitcoin Wallet UK for Long-Term Investors

If you want to purchase and sell Bitcoin, you should check out Coinjar. You can buy other cryptocurrencies on Coinjar too. After all, it’s one of the largest cryptocurrency brokers in the world, and it received multiple awards over the years.

Coinjar allows you to exchange crypto at any time. And fortunately, its secure Bitcoin wallet is also available in the UK. The wallet is available for both Android and iOS devices, and it allows you to buy crypto directly on the platform.

Moreover, the Coinjar wallet is fairly easy to use. Everything is optimized according to a specific operating system, ensuring a great user experience. The only thing you need to do is to install the app. You will receive your coins at your crypto wallet address right after.

10. CoinCorner – Bitcoin Wallet UK for Beginners

If you’re new to crypto and you’re searching for a simple UK crypto wallet, you should consider CoinCorner. The platform works as a broker as well as a wallet, and its simple interface is ideal for beginners.

So, with CoinCorner, you can easily purchase cryptocurrencies with a credit/debit card or bank transfer and store them in the wallet app safely.

The CoinCorner wallet app is available for Android and iOS devices. Although it’s designed for beginners, it actually isn’t the safest option out there. The thing is, user-friendliness sometimes comes at the expense of security.

However, the platform supports recurring automated payments. That being said, CoinCorner is a great option for anyone interested in making small but regular crypto investments.

What is a Crypto Wallet?

Now, let’s dig deeper into what a crypto wallet actually is. As you already know, if you’re looking to invest in crypto, you need to make sure that your coins are stored safely.

And since cryptocurrencies can’t be stored in a bank account, you need to find an appropriate digital wallet. All of the wallets we reviewed today are popular and reliable, but they are also designed for a specific type of investor.

For example, if you want to manage your investments on the go, you should opt for a mobile wallet. You can also choose a wallet that only works on a desktop.

Either way, all crypto wallets are created with the goal to allow users to store and, in most cases, send and receive digital currencies.

When you choose a wallet, you’ll get a unique address you can use to send and receive crypto. If you want to send funds to your crypto wallet, you can do it by entering your public address.

But you’ll also have a private key – a password to access your online bank account. However, most crypto wallets allow you to set up a password or a biometric login to make things simpler for you.

Crypto Paper Wallet vs Crypto Hardware Wallet

There are different types of crypto wallets for storing crypto. All of them have their benefits and disadvantages, and you should pick a wallet that fits your goals and preferences.

Two main categories of cryptocurrency wallets are paper wallets and hardware wallets.

Paper wallets have addresses that are, as the name suggests, printed onto a piece of paper. The address comes in a form of a QR code, and in order to get it, you need to use a platform that supports free crypto wallet addresses.

Then you’ll be able to transfer your crypto to the address and print the credentials. That way, your crypto will be perfectly safe since it’s actually impossible to hack a crypto paper wallet. The only downside is that the process of cashing out or transferring crypto to another wallet might be a bit daunting.

Hardware wallets, on the other hand, use a physical device to store your coins. They normally have strong security features, but they are fairly easy to set up.

Once you buy a crypto hardware wallet, you need to set up a PIN number on the device you receive and transfer your crypto to your wallet address.

Your funds will be super safe with a Bitcoin hardware wallet because they can only be sent through the physical device that requires your PIN. And if the device gets stolen or you forgot your PIN, you’ll be able to access the wallet remotely with a passphrase you previously created.

How to Choose the Right Crypto Wallet for You

As we’ve already mentioned, there are different types of crypto wallets to choose from. And there are also several things to take into account before you choose a crypto wallet.

Wallet Type

First of all, you need to be aware of all the types of crypto wallets. Besides mobile and hardware wallets, there are a few more types we want to mention.

  • Web Wallet: This crypto wallet allows you to keep your crypto with your chosen exchange or broker. This is probably not the safest option, with the exception of eToro, an FCA-regulated broker.
  • Desktop Wallet: Lots of crypto wallets can be downloaded to your computer or laptop. That makes desktop wallets more secure than web and mobile wallets, but since you’ll need to have access to your desktop software wallet to use it, they’re not the most convenient option, especially if you think you’ll want to send funds on the move.
  • Mobile Wallet: With a mobile wallet, you can send, receive, and trade crypto on the go. Since it comes in a form of a mobile app, it’s very practical. But it’s also quite secure – it entails two-factor authentication, biometric login, and e-mail confirmation for withdrawals. That being said, mobile wallets are a perfect blend of security and convenience.
  • Hardware Wallet: If you’re looking for the highest level of security, you should opt for a hardware wallet. This type of wallet keeps your funds offline, which ultimately makes them very safe. Moreover, you need to enter a PIN every time you want to transfer funds. So, their only disadvantage is that they’re slightly inconvenient compared to other options.

Custodian or Non-Custodian

Another thing you have to decide is whether you want a custodian or non-custodian wallet. With a custodian wallet, you don’t have to worry about storage and keeping your crypto safe.

Since that would be the wallet’s responsibility, you need to find a trustworthy and well-regulated platform (like eToro). On the other hand, non-custodian wallets require you to take responsibility for the safety of your cryptocurrencies.

Features

In terms of services and extra features, most crypto wallets don’t offer much. After all, they’re designed to store your crypto safely.

However, some crypto wallets like the eToro Money Crypto Wallet allow you to buy and sell crypto without commissions. With that kind of wallet, you can also buy shares, ETFs, commodities, and other products.

Plus, you’ll be able to make cross-currency transactions, which is another benefit.

Supported Coins

Another factor you should consider when choosing a crypto wallet is the selection of cryptocurrencies. For example, some wallets only support Bitcoin.

So, if you want to build a diversified portfolio or buy currencies like Ethereum or Litecoin, you should find a wallet that supports a variety of coins. Fortunately, most crypto wallets in the UK offer this possibility.

For instance, our favourite wallet provider eToro allows you to store more than 120 different cryptocurrencies. That way, you can keep all of your coins in a single wallet, which is definitely more convenient than obtaining a secondary wallet.

Ease-of-Use

Most wallets are just too difficult to navigate and decode. You should understand the flow of a wallet and how to operate it, whether it is online or offline.

A wallet should be convenient and not full of mysteries; with this in place, transactions will be quite easy to execute. 

In short, ensure that the wallet offers a user-friendly interface and easy applicability. You do not need a wallet that doesn’t provide enough information causing you to keep browsing the internet to check how to use it.

How to Get a Crypto Wallet Guide

To help you get through the process of getting a crypto wallet, we will take a popular and regulated provider eToro as an example.

Step 1: Open a Trading Account on eToro

First, you need to create an account on the eToro website. This is a simple and straightforward process. You need to provide some personal information and contact details and create a password and username.

You can also sign up with your Facebook or Google account to make things even quicker.

Since eToro operates within the guidelines of multiple regulators, you’ll have to go through a KYC (Know Your Customer) process.

To verify your identity, you can upload a valid passport, ID, or driver’s license. And as proof of your residential address, you can upload a bank statement or a recent utility bill.

Either way, the whole verification process shouldn’t take too long; it’s usually complete within a couple of hours.

After you get verified, you need to deposit funds. The minimum deposit on eToro in the UK and the US is $10.

The platform offers different payment options including bank transfer, credit/debit card, and e-wallets like PayPal and Skrill. You can also fund your account in different currencies like GBP, USD and EUR.

Finally, there are no deposit fees on eToro.

Step 2: Download the eToro Wallet App

The next step is to download the eToro wallet app. You can find it on the Google Play Store or the Apple Store, install it, and sign in to your wallet with your usual eToro credentials.

Then you’ll be ready to transfer your cryptocurrencies. If you don’t have any coins yet, you can buy them through the app. And if you already own something, you’ll have to locate your unique wallet address using the app.

To do this, you can simply copy the address to your clipboard, go to the wallet where you keep your crypto and paste it. You’ll also have to determine how much crypto you want to transfer, and once the transfer is complete, you can expect to see the funds in your eToro crypto wallet in less than 30 minutes.

Step 4: Sell Your Cryptos

When you’re ready to sell your cryptocurrencies and cash them out, eToro will allow you to do it with ease. The process is similar to buying crypto, and as soon as you confirm the sale, you’ll get the funds in your eToro account. You can then withdraw them back to your bank account or e-wallet.

Privacy and Security Tips  

As stated earlier in this article, billions of crypto are lost to cyber-attacks and will continue if certain measures are not put in place to ensure the safety of our assets.

Just as safety is based on the wallet being used, so is some of the safety placed in our stead. We are the sole custodian of our assets, and we should do our best to ascertain security. Here are a few tips on how to keep your cryptocurrency safe:

  • Ensure your private keys are known only to you; that’s why it’s tagged private keys, and avoid keeping them online as they are prone to hackers and cyber attackers.
  • Double-check the recipient’s address before executing the transaction.
  • Avoid being phished, Do not regard information that you find suspicious or improper. And if possible, confirm on legit servers any information sent to you.
  • Avoid greedy offers that are too good to be true; they are legit scams, e.g., a website ensuring double profitability of your Bitcoin assets within minutes, hours, or days.
  • Use complex passwords for your wallet and ensure you use different passwords for different wallets if you are a multi-wallet user.
  • And to cap it all, avoid leaving your major assets on the crypto exchange; it’s automatically not

Final Thoughts

As there are a lot of crypto wallets to choose from, it might be a bit confusing to find the right one, especially for newcomers. However, if you know exactly what type of crypto wallet you’re looking for, everything will be much easier.

Nevertheless, you can’t go wrong with the eToro crypto wallet. This safe and convenient crypto wallet is arguably one of the best options available, both for beginners and experienced traders.

Team

Our UK-based team writes articles to help beginners understand the world of cryptocurrency. We are firm believers that Blockchain technology has great application in our future.

Warning

CryptoExchange.org.uk has no intention that any of the information it provides is used for illegal purposes. It is your own personal responsibility to make sure that all age and other relevant requirements are adhered to before registering with a trading, investing or betting operator.

Contracts for Difference (“CFDs”) are leveraged products and carry a significant risk of loss to your capital. Please ensure you fully understand the risks and seek independent advice. By continuing to use this website you agree to our terms and conditions and privacy policy.

We are not authorised by the Financial Conduct Authority (FCA) to give you financial advice (or to carry out any regulated financial activity), so we politely ask that you not take the information on our website, mobile apps, online community or social media pages as financial advice. If you think you will need someone qualified to help you make financial decisions such as what to invest in, we strongly recommend you seek advice from a suitably qualified financial adviser. There are many websites where you can find financial advisers in the UK. Have a look at Unbiased or VouchedFor.

Our income as a business relies on affiliate marketing. This means you will find several links to third-party websites or financial service providers on this website. If you click on any of these links and make a purchase, we might earn a commission. We use this commission to keep our website and social media pages running.