Best Crypto Wallet in the UK: 7 Top Picks
Security is a major concern for cryptocurrency investors as cyber thefts are increasing. In 2022 alone, hackers have drained more than $3 billion worth of cryptocurrencies from investor accounts. Thus, the demand for the best crypto wallet among investors in th UK and beyond is also growing.
But choosing the right one for your needs can be a challenging task. You not only have to look at its security, but several other features as well. The choice between hot and cold storage, which currencies it supports, and the authorities' approval are crucial.
We have reviewed and listed seven top names if you are seeking the best crypto wallet in the UK. Let's get started!
Top picks for best crypto wallet UK
What might be the best crypto wallet UK option? Explore our top picks to find out.
1. Coinbase wallet
Coinbase is one of the most reputable names among crypto exchanges. It allows storage for the safekeeping of your digital assets, too. Unlike many exchanges which store your assets on their servers, it gives you self-custody through its wallet.
The Coinbase UK wallet supports more than 4,000 tokens. It is also compatible with numerous fiat currencies, including GBP, EURO, USD, and others. It is the top choice of investors worldwide, making it ideal for UK investors.
The option of non-custodial storage and stashing cryptocurrency offline makes it one of the most secure software wallets. Furthermore, it gives you access to various DEXs and decentralised apps, which means you can easily make transactions using one platform. The platform also offers an easy-to-navigate interface, which is a good option for beginners.
• Coinbase exchange integration option.
• More than 4,000 tokens.
• Choice of custodial and non-custodial storage.
• User-friendly interface.
• Global popularity.
• High trading fee.
2. eToro wallet
eToro wallet is another UK exchange storage option that covers almost all investors' needs. It deals in digital assets and offers stocks, exchange-traded funds, Forex, and commodities. Furthermore, the platform allows you to make better trades through its copy trading services.
You can get a non-custodial wallet with eToro, which gives you more control over your assets and private keys. Additionally, the platform is authorised by the Financial Conduct Authority (FCA), which ensures that the company takes responsibility for your asset’s security.
It can also be an ideal solution when considering the finest Bitcoin wallet in the UK. It provides a secure channel for purchasing, selling, and storing your BTCs. Its interactive UI offers a straightforward procedure for signing up and making trades.
• FCA-approved platform.
• Copy trading feature.
• Both custodial and non-custodial storage.
• Ideal for securing BTCs.
• Interactive UI.
• Lacks advanced features.
MetaMask is one of the most highly regarded crypto wallet extensions available in the market. It has been operating in the industry since 2016 and has become a go-to storage option globally. Most of the DeFi platforms and DApps are compatible with the Metamask extension. As a best crypto wallet UK option, it can be an efficient choice for you, whether you’re an investor, an NFT collector, or a gamer.
Additionally, the Web3 wallet is relatively easy to set up as it does not demand too many personal details. Though it is known for its browser extension, there is also a mobile-friendly option. iOS and Android users can easily manage their assets on phones with this storage option.
It also supports all Ethereum-based tokens, including ERC-20 and ERC-721.
Moreover, you can manually import tokens from other networks on Metamask wallet and withdraw funds to your bank account. It also offers the Swap feature, which allows you to exchange your tokens within the platform.
• Supported by various DeFi platforms.
• Crypto wallet browser extension.
• No personal details required.
• Swapping feature.
• No technical support.
• Requires import of several tokens, including BTC.
4. Trezor Model T
Why consider a Trezor Wallet? When looking for the premier crypto hardware storage and best crypto wallet UK option, Model T from Trezor can also be a viable option. The device can store more than 1,800 cryptocurrencies. It also provides self-custody of your private keys while maintaining a high level of security.
It protects your crypto through security features like U2F authentication, GPG encryption, and FIDO2 authentication. If you lose the device, you can recover it through mnemonics. For further protection, it activates a timer if you try incorrect PINs several times.
Because of this security, it is ideal for storing long-term investments. However, it may cause quite an inconvenience for daily trading. Besides, it is a big-budget option, so it’s advisable to invest in it if your need is long-term.
• Features a touchscreen.
• Commendable security features.
• Easy recovery through mnemonics.
• Ideal for long-term investment.
• Expensive device.
• Inconvenient for day-to-day trading.
5. Exodus crypto wallet
Exodus wallet can be another option when considering the best Ethereum wallet in the UK for beginners. It supports 260 crypto tokens and can be used on desktops and smartphones. You can easily integrate the wallet as Exodus also has an exchange. Therefore, it is an all-in-one platform where you can trade cryptocurrencies, making it ideal for crypto newbies.
Another thing that makes it a beginner-friendly crypto wallet is its user experience. Exodus simplifies asset and portfolio management by offering features like portfolio overviews, real-time updates, and live charts. Plus, you can stake your coins on Exodus and generate a passive income through it.
It has Trezor’s security and is compatible with all of Trezor's hardware. However, there are a few negative things about Exodus. Firstly, it does not offer 2FA, so you will not be notified if someone signs in to your wallet. Secondly, its features might seem to limit advanced traders.
• Over 260 cryptocurrencies.
• Known for its customer support.
• Compatibility with Tezor devices.
• Easy portfolio management.
• 2-factor authentication isn't available.
• Lacks advanced features.
## 6. Atomic wallet Atomic wallet can be a best crypto wallet UK option if you are interested in the leading mobile and desktop storage. It is compatible with more than 50 blockchain networks and supports upward of 300 cryptocurrencies.
Currently, you can get Atomic on Windows, macOS, Fedora, Google Play, Apple store, Ubuntu, and Debian.
You can use this storage option for securing your crypto as well as trading, swapping, and staking features. It also brings convenience and efficiency with all these features. It is beginner-friendly crypto storage - starting out as a trader, you may find Atomic a complete option.
One of the best features of Atomic is anonymity. It does not follow the know-your-customer (KYC) protocol. So, you don’t have to provide personal information for verification or trades. You can remain anonymous while making trades.
Against all these features, there are a couple of tradeoffs. One is that it does not support non-fungible tokens other than the Solana blockchain. Second is its high exchange fee.
• Integrated decentralised exchange.
• Over 300 cryptocurrencies.
• User-friendly interface.
• Rewards for staking tokens.
• Keeps you anonymous.
• Easy sign-up.
• Only supports Solana NFTs.
• High exchange fee.
7. Ledger Nano X
Cold wallets are the safest option for securing crypto as they can remotely store assets. In this category, Ledger Nano is among the most famous names. It introduces an array of USB storage that allows offline crypto storage.
Ledger Nano X is ideal for most investors as it supports more than 5,000 coins and allows NFT management. Additionally, it has an incorporated exchange through which you can securely buy crypto with a wallet. Investors can efficiently operate this device via any 64-bit PC, iOS, or Android.
Its Ledger Live app has many other offerings like payment options and DApps. In addition, you can transfer your assets from different exchanges to Nano X. This makes asset management and trading more convenient while ensuring their safety.
• Most secure hardware wallet.
• More than 5000 cryptocurrencies.
• Desktop and mobile compatibility.
• Ledger Live App.
• Highly expensive.
How to move crypto to Ledger Nano X?
If you are confused about transferring crypto to your device, here’s an easy way to move Ethereum.
Firstly, set up your cold wallet through the Ledger Live App. You can follow this step-by-step guide for setting up a new device.
Then go to the ‘Manager’ tab of the Live app and install the application of crypto you want. In this case, you would have to install an Ethereum app.
- After the installation, a dialogue box will appear with the ‘Manage my accounts’ option. Click on it while simultaneously pressing both buttons on your Nano X.
It will open the app on your device and synchronise accounts with the Ledger Live App.
Once the synchronisation is completed, you can go ahead with ‘Done’ and go back to the dashboard.
Then create a unique address for receiving crypto. You can click the ‘Receive’ tab from the dashboard.
It will show your unique address on the screen. Note it down so you can verify the address on your USB wallet.
Now, verify the address on your device by scrolling right. If it is the same, then click on ‘Approve.’
Then go to your preferred exchange site’s withdrawal page. Here set the amount of Ethereum you want to transfer and paste your unique address.
Finally, verify all the information and migrate the cryptocurrency to your Ledger Nano X.
How to choose the right crypto wallet?
One of the features of gauging crypto storage is the ease of use. You should prefer its user interface, sign-up procedure, and compatibility with various devices.
Hot or cold storage? This is determined by your preference for security or convenience. Hot ones are software storages that are best for managing daily trades, but have security risks. Comparatively, cold ones are hardware storages that provide better security, but limit trading. That's why it's better to have both.
Another criterion is the self-custody of assets. Custodial exchange wallets primarily store your assets and private keys on their servers, which affects security. Therefore, non-custodial ones are widely preferred.
You should also look at the number of supported fiat currencies and multiple cryptocurrencies.
Lastly, its security features and authorisation are key elements.
Best crypto wallet UK wrap up
If you want to be a seasoned investor, it is advisable to have a reliable cryptocurrency wallet. Here we critically reviewed and listed seven ideal choices for the best crypto wallet UK options. It features software and hardware storage, so you can easily pick one for your requirements. Once you go through this article, you'll get an idea about how you can choose the right storage.
Author: Wasay Ali
Wasay Ali is a versatile professional writer with global experience and a background in mechanical engineering and social science. He is adept at crafting news and informational content for the crypto space and has experience writing for other niches. He is a professional SEO content writer who has worked with several digital marketing agencies and clients in the US, UK, Pakistan, and Europe. He is a dedicated volunteer and enjoys reading, writing, poetry, and going to the gym. He is an INFJ-A personality type dedicated to positively impacting the world. Wasay has a passion for writing as it allows him to express his creativity, share his knowledge, and connect with people worldwide.