Wallet Whale is a [UK-based membership programme](/news/article/best-crypto-rewards-card-uk) that enables you to enjoy deals and discounts across retail, dining, holiday travel, Flava grocery shopping, health and fitness products, and home and garden essentials. This article explores what you need to know about the membership service.

![wallet.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/wallet_f583f12ded.png)

 Source: [Wallet Whale](https://walletwhale.co.uk/)

## Benefits of a Wallet Whale card

Listed are the benefits of becoming a Wallet Whale member:

•	Get the mobile phone you want with a guaranteed contract via one of their partners [WITHOUT a credit check](/news/article/what-is-decredit). Additionally, as a member, you can enjoy extra data, texts, and minutes. It should be noted that the mobile contract partner (such as Vodafone) will require you to conduct several weekly payments to prove your capability to pay on a contract before they ship your desired mobile phone.

•	Enjoy discounted retail in more than 6,500 British high street locations, across 300-plus retail stores and eateries. Carry your card when you go out dining.

•	Easily upgrade your holiday travel experience via the membership portal. This includes upgrading your accommodation and travel insurance benefits, among other possibilities.

•	Take advantage of exclusive Flava supermarket deals with a free premium Flava Benefits Pro account. This includes a lifetime of free shipping and spreading the cost of your grocery shopping. 

Flava is the only UK supermarket that offers these features without interest.

•	Access to a range of health and beauty products is available.

•	Reap the benefits of discounted home and garden essentials shopping.

•	Other benefits include online shopping deals and special motoring deals.

## How to become a member

To enrol on the programme, you must pay a one-time sign-up fee of £39.99 and a recurring monthly fee of £24.99. According to the website, payments will appear as "WalletWhale03707704660" on your billing statement.

![whale.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/whale_b8494c4cae.png)
  
Source: [Wallet Whale](https://walletwhale.co.uk/)

Fill out a form that requires you to enter your title (Mr, Mrs, Miss, or Ms), first and last names, email address, mobile number (optional), and date of birth. Please read the privacy policy and terms and conditions before clicking on the Next button.

If you have any queries, you can reach out to customer support via phone or email:

Phone number: 03707704660

Email address: customerservices@walletwhale.co.uk

Visit the [website](https://walletwhale.co.uk/) for more details and the FAQ section in particular.


blue image of man getting angry at his wallet whale

Wallet Whale Membership Explained

MyAlgo Wallet is a [digital cryptocurrency wallet](/news/article/solana-phantom-wallet-guide) launched by the Algorand Foundation. This project by Algorand is fairly new and is the second digital wallet in their collection. Here's how you can create a new wallet on MyAlgo and activate it properly.

## Create an account on MyAlgo Wallet’s website

Open your browser of choice and head to the [MyAlgo Wallet website](https://wallet.myalgo.com/new-account). 

Here, you'll see the terms and conditions and a rather in-your-face disclaimer. The website will warn you of the decentralized nature of the digital wallet, and also remind you to take special care of your mnemonic seed, which we'll discuss below.

Then, you set a password that passes the requirements set by the website and click on "New Account". This will allow you to create a new MyAlgo Wallet.

## Store and verify your mnemonic seed phrase

On your screen, you'll come across five cards consisting of a collective total of 25 words. This will be your mnemonic seed phrase. Ensure you save it, store it somewhere safe physically on a piece of paper, and never lose it. It will be the only verification method to access your account should a mishap occur.

You'll also be asked to verify this seed phrase in the same order as it was displayed previously. Make sure you get this part right!

## Set an account name and voila!

Finally, set a name for your wallet and hit the "Create Account" button. You're now set and ready to start trading ALGO crypto coins!

We must stress this again; it is essential that you make sure that your mnemonic seed phrase is secure and accessible only to you. If someone else gets access to it, they'll automatically have access to your account. 

Don't leave yourself vulnerable, and be safe out there!


blue image of hands opening wallet with myalgo logo

MyAlgo Wallet: How to Make and Use One

A crypto wallet is required to store and access your crypto assets. However, not all wallets are as secure as a hardware wallet like Nanoledger.

A crypto investor can use different types of wallets to safeguard their crypto tokens. A cold wallet is often recommended as it provides top-notch security and protection to almost all kinds of digital assets, including NFTs. 

The most affordable option in cold crypto storage comes from Ledger. These wallets find a decent connection between ease of use and security. They deliver a high level of protection in an offline environment while being user-friendly.

The France-based company Ledger produces these hardware wallets. It was launched in 2014 by a group of eight experts with the goal of creating secure solutions for blockchain applications. These are multicurrency wallets that store your private keys offline. Ledger offers mainly three variants of offline wallets: Ledger Nano S Plus, Ledger Nano X wallets, and Ledger Stax.

![france.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/france_86bd7984fa.png)
 
[Image Source](https://www.shutterstock.com/image-photo/liptovsky-mikulas-slovakia-march-9-2021-1933875305)

## The necessity of securing your private keys

When we get a crypto wallet, we buy a pair of public and private keys, both unique and cryptographically generated on the blockchain. The private key unlocks our publicly stored assets on the blockchain.

Most of the time, we tend to buy and store our digital currencies on exchanges, but here comes the problem of not having the private key in our control.

"Not your key, not your crypto"

Without private keys, you actually don't own your crypto. However, if you own the keys, you are responsible for keeping them secure. That is where Nanoledger comes to play.

## How Nanoledger differs from other wallets

The simple truth is that we don't really own any crypto if we don't have the private key to it. The Nanoledger is a secure hardware wallet that stores [these private keys](https://www.investopedia.com/terms/p/private-key.asp). It is the most popular hardware wallet on the market, and there is a good reason for that. It is small, inexpensive, and does exactly as advertised - it keeps your coins safe.

## What kind of security?

These cold wallets are device-based, which means they use storage mechanisms like USB drives to store private keys offline. This makes it difficult for hackers to access the key from an online location.

These USB storage devices enable users to perform various functions like sending and receiving crypto from other blockchain users. The wallets can also employ 2FA for various crypto-related websites. To protect the crypto assets of a user, Nanoledger combines a secure environment and a sole operating system.

These wallets use a 24-word backup recovery phrase that can be used to import wallet assets in case the physical wallet is lost. To be more cautious, the 24-word phrase can be etched into a device called Billfodl, which holds them in a physical form.

## Ledger Nano S Plus Review

According to the company's security standards, the Nanoledger is an innovative way to secure crypto assets. 

Previously it was called Ledger Nano S, where one could only store up to 1,100 tokens. In the latest version, investors can store more than 5,500 crypto coins and tokens.

Features:

•	The Ledger Nano S Plus is quite affordable at £69.

•	Being a cold wallet, Nano S users hold their private keys.  The keys are not accessible via the web and are never removed from the device.

•	Having extensive memory, this wallet allows us to install up to 100 Dapps.

•	Managing NFTs can be fun with Ledger Live. One can send and sign NFT transactions with complete transparency.

•	It has two buttons instead of a touchscreen, making it a less complex device.

•	This device requires a USB cable to connect to a computer or Android device.

## Ledger Nano X Review

This Nanoledger is the second hardware wallet introduced by Ledger. Investors can store more than 5,500 cryptocurrencies with a new Bluetooth-enabled hardware wallet. All your digital assets are secured in one place, and you can receive and send your crypto assets easily.

Features:

•	Bluetooth is compatible with Ledger Live Mobile and costs only £136.

•	Battery life is better than S Plus. The battery lasts around eight hours while in use and a few months when idle, once fully charged.

•	Nano Ledger X is 10mm larger than S plus.

•	Because of its phone-friendly interface, the Nano Ledger X is the perfect hardware wallet for managing crypto.

•	Nano X doesn't require cords unless charging and is compatible with iOS and Android.

## How to transact with Nanoledger

Follow four simple steps to accomplish a successful transaction using Nanoledger. The steps are as follows:

•	Set up the Nanoledger.

•	Connect it to the app in which we are hoping to transact. Let's say we want to transfer some Bitcoin, then we need to open Bitcoin App.

•	Open Ledger Live and choose the Bitcoin account there.

•	Click on the "receive" option to see the Bitcoin Address.

One can send Bitcoins to this address, and, importantly, the Nanoledger wallet is not required to be connected to the system to receive funds.

## What if I lose my hardware wallet?

Here comes the nightmare - lost wallet! It's not a big issue if you have saved your recovery phrase and your wallet has a pin. Using the phrase, you can import your current wallet to a new hardware device, and the pin protects your lost device from unauthorized use. Enjoy your cryptos with Nanoledger knowing that all your crypto assets, including coins, tokens, and NFTs, are always secured and protected.

## Final words

Every crypto investor loves their crypto assets. That's why they should opt for the best security. Ledger has provided different Nanoledger options for cold storing your crypto, and you can choose between them according to your pocket and need. Make sure to back up the recovery phrase, so you don't lose access to your cryptos even when you lose your physical Nanoledger wallet.


blue image of blockchain mining servers with nano ledger in foreground

Nanoledger - Essential for 2023

Security is a major concern for cryptocurrency investors as cyber thefts are increasing. In 2022 alone, hackers have drained more than [$3 billion](https://cointelegraph.com/news/scary-stats-3b-stolen-in-2022-as-of-hacktober-doubling-2021) 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](/news/article/best-crypto-wallet), 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](/news/article/best-exchanges-for-crypto-uk). 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](https://www.coinbase.com/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. 

### Pros

•	Coinbase exchange integration option.

•	More than 4,000 tokens.

•	Choice of custodial and non-custodial storage.

•	User-friendly interface.

•	Global popularity.

### Cons

•	High trading fee.

## 2.           eToro wallet
[eToro wallet](https://www.etoro.com/crypto/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](/news/article/etoro-uk-review), which gives you more control over your assets and private keys. Additionally, the platform is authorised by the Financial Conduct Authority ([FCA](https://www.fca.org.uk/)), 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](/news/article/top-rated-bitcoin-wallets-uk) in the UK. It provides a secure channel for purchasing, selling, and storing your [BTCs](/coins/btc). Its interactive UI offers a straightforward procedure for signing up and making trades.

### Pros

•	FCA-approved platform.

•	Copy trading feature.

•	Both custodial and non-custodial storage.

•	Ideal for securing BTCs.

•	Interactive UI.

### Cons

•	Lacks advanced features.

## 3.           MetaMask
[MetaMask](https://metamask.io/) 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](/news/article/how-to-withdraw-from-metamask) to your bank account. It also offers the Swap feature, which allows you to exchange your tokens within the platform.
 
### Pros

•	Supported by various DeFi platforms.

•	Crypto wallet browser extension.

•	No personal details required.

•	Swapping feature.

### Cons

•	No technical support.

•	Requires import of several tokens, including BTC.

## 4.           Trezor Model T
Why consider a [Trezor Wallet](/news/article/why-consider-a-trezor-wallet)? When looking for the premier crypto hardware storage and best crypto wallet UK option, [Model T from Trezor](https://trezor.io/trezor-model-t) 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. 

### Pros

•	Features a touchscreen.

•	Commendable security features.

•	Easy recovery through mnemonics.

•	Ideal for long-term investment.

### Cons

•	Expensive device.

•	Inconvenient for day-to-day trading.

## 5.           Exodus crypto wallet
[Exodus wallet](https://www.exodus.com/) can be another option when considering the [best Ethereum wallet](/news/article/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.

### Pros

•	Over 260 cryptocurrencies.

•	Known for its customer support.

•	Compatibility with Tezor devices.

•	Easy portfolio management.

### Cons

•	2-factor authentication isn't available.

•	Lacks advanced features.

## 6.           Atomic wallet
[Atomic wallet](/news/article/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](https://atomicwallet.io/) 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](/news/article/solana-to-gbp-conversion). Second is its high exchange fee. 

### Pros

•	Integrated decentralised exchange.

•	Over 300 cryptocurrencies.

•	User-friendly interface.

•	Rewards for staking tokens.

•	Keeps you anonymous.

•	Easy sign-up.

### Cons

•	Only supports Solana NFTs.

•	High exchange fee.

## 7.           Ledger Nano X
[Cold wallets](/news/article/best-cold-crypto-wallet-uk) 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](https://shop.ledger.com/products/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. 

### Pros

•	Most secure hardware wallet.

•	More than 5000 cryptocurrencies.

•	Desktop and mobile compatibility.

•	Ledger Live App.

### Cons

•	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](/news/article/ethereum-price-gbp).

1.	Firstly, set up your cold wallet through the Ledger Live App. You can follow this [step-by-step guide](https://support.ledger.com/hc/en-us/articles/360018784134-Set-up-your-Ledger-Nano-X?docs=true) for setting up a new device.

2.	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.

![wallet1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/wallet1_7bb1b0616b.png)
 
3.	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.

![wallet2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/wallet2_f4e16a7ace.png)
 
4.	It will open the app on your device and synchronise accounts with the Ledger Live App.

5.	Once the synchronisation is completed, you can go ahead with ‘Done’ and go back to the dashboard.

6.	Then create a unique address for receiving crypto. You can click the ‘Receive’ tab from the dashboard. 

7.	It will show your unique address on the screen. Note it down so you can verify the address on your USB wallet.

8.	Now, verify the address on your device by scrolling right. If it is the same, then click on ‘Approve.’

9.	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. 
 
10.	Finally, verify all the information and migrate the cryptocurrency to your Ledger Nano X.  
 
## How to choose the right crypto wallet?

1.	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.  

2.	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.

3.	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.

4.	You should also look at the number of supported fiat currencies and [multiple cryptocurrencies](/news/article/crypto-wallet-multiple-currencies).

5.	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.


blue image of crypto wallet on phone with bitcoin logo

Best Crypto Wallet in the UK: 7 Top Picks

The need for alternative forms of payment has never been greater. The rise of Web3 payment solutions, like Kasta crypto, proves this need is more than just a passing trend.

The Web3 payment provider Kasta was developed to expedite the adoption of decentralisation while providing a viable medium of digital exchange.

Built on the Polygon network, Kasta crypto is an [ERC-20](https://en.wikipedia.org/wiki/Ethereum#ERC20) token allowing holders to send and receive the same coins instantly and for free. This simplicity and ease of use will make the platform a hit in the digital revolution.

## Simple yet powerful

The project has been designed with simplicity in mind, making the transfer of digital assets safe and convenient. Holders can send tokens via mobile number or by simply scanning the QR code. Using crypto has never been easier.

At its core, the project is a basic wallet application with various features encouraging everyday use. This accessibility means anyone can quickly learn to use the platform for their own benefit.

The application is a powerful all-in-one wallet allowing even the most novice crypto users to enter the Web3 world. While the platform only supports eight coins so far, they include some of the most popular tokens on the market.

## Easy Swap

The platform's native token is the [$KASTA coin](https://coinmarketcap.com/currencies/kasta/markets/) which is currently available at a wide variety of exchanges, including Gate.io, UniSwap, and ByBit.
With a current circulating supply of 129 million priced at $0.0266 per coin, the total market cap is $3.4 million.

The 'Easy Swap Engine' allows holders to choose which token to receive, regardless of the coin sent. For example, should a friend send Bitcoin, you can simply change your settings to ensure that all crypto is received in Ethereum.

Kasta crypto token forms the backbone of the application, and, alongside P2P payments, it will soon be used for several other purposes.

## Future of Kasta

This project is a shining example of a P2P payment processor and is leading the way in blockchain adoption and Web3 development. The company has ambitious plans for the future, with many features currently in the pipeline. 

In the near term, users will be able to earn passive income by taking advantage of various yield-generating opportunities via the mobile app. Furthermore, platform users will also be able to apply for a debit card, allowing them to spend their crypto holdings in a wide variety of merchant stores. 

Lastly, all application users will be able to choose to stake their idle crypto and earn passive income.

With countries like Nigeria pushing their citizens to adopt [distributed solutions](/news/article/paybis-rewards-customers), the future of cross-border payments is about to change. Applications like Kasta crypto are at the cutting edge of the decentralised revolution and will form the backbone of the future society.


Kasta Crypto - Changing Thinking on Money

[Avax Wallet](https://wallet.avax.network/) is a vital part of the [Avalanche](/news/article/avalanche-bridging) blockchain. It is a simple, secure, and non-custodial wallet for storing Avalanche assets, the native asset of the Avalanche blockchain, launched in 2020, which is denoted by the ticker name AVAX.

As a non-custodial wallet, users of the application are responsible for holding onto their passcodes or private keys. Users can access the platform by creating a new account. Non-custodial wallets come with the automatic generation of between 12 and 24 words arranged in a specific order.

Avax Wallet provides users with 24 words and advises for them to be used sequentially to recover accounts. Interested parties in crypto wallets should note that once they lose access to these 24 words, they will be restricted from accessing their coins, no matter the worth of cryptocurrency holdings.

## The best Avax wallet options

Despite millions of people using it to access the Avalanche blockchain, Avax Wallet is not the sole crypto wallet out there that can safely and securely hold coins. Some of the best wallets for holding AVAX include, but are not limited to, Coinbase and Trust. 

Launched in 2017, [Trust Wallet](https://trustwallet.com/) is the official mobile wallet of Binance. It was heavily promoted in November 2022 by Binance founder Chanpeng Zhao following the FTX exchange collapse. That shock crash led to the halting of deposits and withdrawals across several exchanges due to safety issues. AVAX can be stored on this platform and liquidated on Binance within a short period. 

Aside from this, users of the application can exchange their crypto without leaving the platform. The app can also track the price of coins within the application while keeping the coins safe from hackers and scammers. Trust Wallet comes with an automatic generation of 12 words which are private keys and passcodes used to access crypto holdings. 

[Coinbase Wallet](https://www.coinbase.com/wallet) arrived as a mobile application in 2017. Created by Coinbase, the largest cryptocurrency exchange by trading volume in the US, this mobile application automatically generates 12 unique words for its users. With this wallet, users can store AVAX and other cryptocurrencies as well as non-fungible tokens (NFTs). It also gives users direct access to Coinbase, a platform that allows them to access many products, such as staking and learn-to-earn (L2E).

Other wallets that support the storing of Avalanche’s native asset include Ledger Nano X, Ellipal Titan, Exodus, MetaMask, and MathWallet. 

The crypto wallet market has been forecasted to reach around [$686 million](https://www.prnewswire.com/news-releases/crypto-wallet-market-to-grow-by-usd-686-05-mn-driven-by-peoples-inclination-toward-digital-currency---technavio-301674672.html) by 2026. With the popularity of the Avalanche blockchain in the crypto and NFT sector, the project could make significant contributions towards achieving the estimated valuation.
 
   
 

 
 



What is Avax Wallet?

BlockFi, a cryptocurrency [lender](/news/article/crypto-lender-voyager-sells-assets) that declared bankruptcy on 28 November, has filed a plea with a US court to allow withdrawal for clients who have crypto locked in its wallet accounts.

The [bankrupt](https://www.forbes.com/sites/ninabambysheva/2022/12/20/blockfi-motion-to-allow-withdrawals-for-some-customers-poised-for-success/) firm filed the request with the US Bankruptcy Court for the District of New Jersey on 19 December. If authorised, members can withdraw the cryptocurrency stored on the site. According to the motion, cryptos are kept in wallets belonging to consumers, and the firm has had no legal or equitable interest since it ceased operations on 10 November.

In addition to permitting withdrawals from clients' wallets, the crypto lender is working to enhance the user interface to display transactions accurately. The corporation also intends to perform routine account reconciliation.

## BlockFi withdrawal request applies to particular customers

To clear up any confusion, the firm aims to erase any "attempted" withdrawals from the user interface following the platform pause. The business also noted in the statement that to avoid all doubt, the debtors do not seek to reverse any customer deposits from outside the platform to wallet accounts received post the Platform Pause Time Stamp. 

According to [Twitter](https://twitter.com/TiffanyFong_/status/1604994112943374337?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1604994112943374337%7Ctwgr%5Ee9d42b4167970655ff8ca4c0ccc32bd1b7282d29%7Ctwcon%5Es1_&ref_url=https://cointelegraph.com/news/blockfi-files-motion-to-return-frozen-crypto-to-wallet-users), the crypto company issued an email informing users of the recent court filing. It further stated that it believes clients clearly control their wallet accounts' digital assets. 

“We will seek similar action from the Supreme Court of Bermuda concerning BlockFi Wallet Accounts maintained at BlockFi International Ltd”, the crypto lender added. This motion does not affect withdrawals or transfers from Interest Accounts currently in suspension.

## BlockFi withdrawal halt stems from crypto crash

BlockFi was one of the first companies to fall victim to the early November crypto crash headed by crypto exchange FTX. The crypto lender arranged a $680 million transaction with [FTX](/news/article/ryan-salame-exposed-ftx-truth). As FTX's financial situation deteriorated, the impact on the US grew. 

According to the company's bankruptcy filing, the corporation claimed more than 100,000 creditors and $1 billion to $10 billion in assets and liabilities.


blue image of blockfi logo on image of someone withdrawing crypto

BlockFi Withdrawal Could Resume

Cold crypto wallets stand out due to their security. The wallets are especially recommended for long-term crypto investors and those holding on to huge sums of cryptocurrencies. This article focuses on some of the best cold crypto wallet options for UK crypto investors.

While they all offer exceptional security features, they differ on a few things, including build and design, price, and the number of cryptocurrencies and blockchains they support.

So, let's look at the best cold crypto wallet UK options.

## Trezor Model T

[Trezor Model T](https://trezor.io/trezor-model-t) is among the best cold crypto wallets in the UK for long-term cryptocurrency investors. It features a simple design that enables it to serve everyone, regardless of their expertise level.

Its security features, which include PIN and passphrase, enable it to stand out as one of the most highly secure hardware. A built-in SD-card slot helps with PIN encryption.

Users also benefit from a recovery seed phrase. The phrase helps those who’ve lost access to their funds, either by losing or damaging their wallet or forgetting their PIN, regain access.

The wallet supports more than 1,000 cryptocurrencies, including Bitcoin, Ethereum, and Ripple. It uses the Trezor Suite app to enable coin management.

Trezor is available for purchase on its official website and other platforms. On its official site, it is worth £181.27.

## Pros

- 	Easy to set up and use.

- 	Highly secure offline storage.

- 	Supports more than 1,000 cryptocurrencies.

## Cons

- 	A bit pricey.

- 	Not great for active crypto traders.

## Ledger Nano X

[Ledger Nano X](https://shop.ledger.com/products/ledger-nano-x) is another highly secure hardware wallet that stands out as one of the best cold crypto wallets in the UK for large crypto holders.

The wallet is equipped with industry-leading security, including a CC EAL5+ Certified secure element chip for crypto security. It also features a PIN set by the owner. The PIN confirms outgoing transactions.

It has Ledger Live Software that enables holders to check their balance and to send and receive cryptocurrencies. Ledger Live Software also supports coin staking, one of the best ways to earn from crypto holdings passively.

The wallet supports more than 5,500 cryptocurrencies. It can be integrated with Web3 wallets like MetaMask to allow holders access to various DeFi platforms. It is worth around £135.35 through its official site.

## Pros

- 	Highly secure hardware wallet.

- 	Access to Ledger Live.

- 	Supports more than 5,500 tokens.

## Cons

- 	Pricey.

- 	Not the best option for active traders.

## Ellipal Titan

[Ellipal Titan](https://www.ellipal.com/) is the world’s first air-gapped cold storage wallet. It uses QR code technology to achieve its air-gapped status.
The wallet is a bit bulky, much like the 2009-era iPhones. It features a large touch screen and a built-in camera for scanning the QR codes. It supports more than 10,000 tokens and connects with the Ellipal App, which enables holders' to trade, exchange, stake, and buy NFTs, among other activities.

Although big compared to other hardware wallets, Ellipal Titan is quite sturdy. It is designed to detect considerable damage, which initiates the deletion of all private keys.

Ellipal Titan is selling for £118.21 through its official site.

## Pros

- 	Uses QR code technology.

- 	Sturdy and tamper-proof.

- 	Supports more than 10,000 tokens.

## Cons

-	Bulky.

-	More expensive than most hardware wallets.

## Safepal S1

[Safepal S1](https://store.safepal.com/safepal-s1-hardware-wallet.html), like Ellipal Titan, does not rely on connections such as Bluetooth, Wi-Fi, or USB. It uses QR codes for data transmission.
Its security features include a PIN code, two-factor authentication, and recovery seed. It also features multiple layers of security sensors and a self-destruct mechanism. It has no wired connections, except for the one used to charge its 400mAh battery.

The wallet supports more than 34 blockchains and in excess of 30,000 tokens. Holders can add and delete tokens as they like. Holders also benefit from 24/7 customer support.

On its official site, Safepal S1 is selling for around £42.51.

## Pros

- 	Multiple layers of security sensors and self-destruct mechanism.

- 	Supports more than 34 blockchains and 30,000 tokens.

- 	Uses QR code technology.

## Cons

- 	Not completely air-gapped (must be plugged into a computer for firmware upgrade).

-	Not the easiest wallet to carry around.

## KeepKey

Launched in 2015, [Keepkey](https://shapeshift.com/keepkey) was bought by Shapeshift in 2017. The purchase saw the wallet gain full integration with the Shapeshift platform and exchange, which is non-custodial.

The wallet features PIN and passphrase protection for security. It also features a 12-word recovery phrase generated during initialization that helps retrieve private keys in case they get lost or broken. Users manage funds through the Shapeshift platform when plugged into a computer via USB.

KeepKey supports more than 40 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. It can be paired with MyEtherWallet to support more ERC-20 tokens.

Keepkey is available for purchase on Shapeshift and third-party marketplaces like Amazon. On Shapefift, its listing price is £41.67.

## Pros

- 	Highly secure with a durable design and build.

- 	12-word recovery phrase.

- 	Cheaper than most hardware wallets.

## Cons

-	Supports a limited number of coins.

-	Only supports Android devices.

## NGRAVE ZERO

[NGRAVE ZERO](https://www.ngrave.io/) is marketed as the most secure cryptocurrency wallet ever made, and for good reason. It is 100% air-gapped and is the only hardware wallet that reaches the highest security level certification standard possible, EAL7. It is also ROHS and CE-certified.

The wallet also stands out with its sleek design and durable build. It is made from military-grade premium materials with a metal case, and security features include light sensors, biometric scanners, and pin protection. It is 100% tamper-proof.

NGRAVE ZERO features a built-in camera for QR scanning. It works with the NGAVE LIQUID app to allow holders securely sign, manage, and transfer their assets.

As a relatively new addition to the crypto hardware space, NGRAVE ZERO does not support many cryptocurrencies. However, it does support most of the well-known cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. It also supports NFT storage.
NGRAVE ZERO is another great option for the best cold crypto wallet for UK long-term crypto investors. It can be bought for £348.32 on its official site.

## Pros

-	Sturdy construction.

-	Plenty of security features.

-	Uses QR code technology.

## Cons

-	Does not support a lot of cryptocurrencies.

-	Expensive.


## Best cold crypto wallet UK options: Conclusion

There you have it, some of the [best hardware wallets](/news/article/best-crypto-wallet) for UK crypto investors. This should be helpful when looking for the best cold crypto wallet UK options.

Each wallet has its pros and cons, offering good points to consider before investing in any of them. However, they all offer great security, making them worthy of inclusion on the list.


blue image of thermostat showing cold temperature. Person holding empty wallet. 

Best Cold Crypto Wallet UK

Despite the downturn of the cryptocurrency market, there are still remarkable innovations. A recent one has come to light in a [blog post](https://usa.visa.com/solutions/crypto/auto-payments-for-self-custodial-wallets.html) written by Visa crypto thought leaders. In the blog post, they outlined a proposal for a Visa crypto wallet powered by the Ethereum blockchain for Web3 auto payments.

Users could automatically pay for transactions without signing off on each one individually.

This proposed solution was based on a February internal hackathon among Visa employees aimed at solving the problem of how an Ether owner can pay bills with cryptocurrency in the future without an internet connection. 

The proposal for the Visa crypto wallet comes at a much-needed time due to the loss of investor's confidence in cryptocurrency caused by situations including the downfall of [Luna](/news/article/terra-luna-collapse) and, more recently, [FTX](/news/article/ftx-bankrupt-who-to-blame), the second biggest exchange leading to losses worth billions of dollars in customer funds. The crypto wallet proposed by Visa would use the "Account Abstraction" process proposed by Vitalik Buterin, the founder of Ethereum, in 2015.

## How does account abstraction fit into Visa's vision?

[Account abstraction](https://eips.ethereum.org/EIPS/eip-2938) refers to converting a smart contract into a wallet, also known as "delegable wallets". It was formalized in 2017 as an Ethereum improvement proposal (EIP-86). To realize the concept of an AA-based self-custody wallet or delegable account, the Visa team proposes that user accounts function like smart contracts. This would allow people to schedule transactions automatically and without the involvement of a central entity.

"This application could allow a user to set up a programmable payment instruction that can push funds automatically from one self-custodial wallet account to another at recurring intervals, without requiring the user's active participation each time," the blog post said.

The team has begun work on the Visa crypto wallet, claiming it has successfully created delegable accounts on a private chain using Starknet. This Layer 2 scaling solution supports the account abstraction concept.



Visa Crypto Wallet Plans Outlined

Looking for the top Bitcoin wallet UK options? This article could help.

If you are new to cryptocurrency and intend to purchase or mine cryptocurrency in the UK, selecting the appropriate wallet to store your virtual assets is critical. It makes investing in cryptocurrency easier and more convenient because you just need to manage your digital assets.
A Bitcoin or cryptocurrency wallet would help protect your virtual assets and keep hackers at bay.

Now that you understand the scope of a Bitcoin wallet, you will agree that not just any crypto wallet should handle such a sensitive task. Extensive research is required to find one that meets your needs.

When it comes ti Bitcoin wallet UK offerings, this article can assist you with that task. Ive done my research and compiled a list of Bitcoin wallet UK options that may be the quick route you're looking for to learn about the best available.

## Top 4 Bitcoin wallets UK

### Binance

[Binance](https://www.binance.com/en) offers a safe and secure way to store your cryptocurrencies in only one wallet. It is convenient to keep multiple digital assets in one place on the Binance platform. The mobile App is user-friendly and retains this quality on Android and IOS, providing a unique user experience. 

Binance also provides other crypto-related services such as peer-to-peer trading, buying bitcoin with cards and deposits, etc.

It should be noted that Binance supports over a million assets across 53 blockchains. Because of its range, you can store all of your cryptocurrency in only one wallet. Staking is one of the digital wallet's unique characteristics, similar to collecting interest while keeping your money in your wallet. Staking your coins also grants you the ability to participate in token governance and vote on important business decisions.

The Binance wallet also makes it simpler to store your NFTs and digital collectibles without worrying about security.

#### The Pros

•	Fast exchange of digital assets.

•	Supports over a million crypto assets.

•	Supports different languages.

•	Easy to set up.

•	Easy to deposit with UK accounts and cards.

#### The Cons

•	A set fee for transaction costs is applied to each withdrawal.

### Coinbase

[Coinbase](https://www.coinbase.com/) excels at user experience and is tailored to the needs of various users in the UK. Coinbase provides accessibility and helps new users navigate the crypto world. Coinbase protects your virtual assets with cutting-edge security technologies. The Coinbase platform provides flexible access to your wallet by providing both a web and a mobile wallet, which helps position it as a reliable platform.

The Coinbase platform is designed to be completely decentralized. That means it is a self-custody wallet in which users can choose to have complete control over their Bitcoin and crypto assets. Coinbase offers users the necessary software and security to store their cryptocurrency. 

Although, it is the user's responsibility to keep their password and private keys secure.
The Coinbase platform also includes staking, lending, and Yield Farming features.

#### The Pros

•	Offers both mobile and web-based wallets.

•	Offers the opportunity to earn more crypto through its numerous features.

•	Top-notch user experience.

•	Crypto tutorials and information to broaden users' knowledge.

#### The Cons

•	The connected wallet is always linked to the internet.

### Huobi

[Huobi](https://www.huobi.com/) provides a wide range of crypto services and is an excellent place to begin your cryptocurrency journey. Huobi functions similarly to a "social" cryptocurrency platform, connecting users with similar interests. This allows users to share and collect valuable crypto community tips across multiple social media platforms.

The Huobi platform gives users complete control and it doesn't require access to private keys. Your wallet keys are saved locally on the device, and they have provided multiple wallet backup options in case users lose access to their wallets.

The Huobi Cloud wallet assumes responsibility for securing private keys, as new users may need to be more familiar with this and may misplace them. The Cloud wallet grants access to various DeFi projects with a single click.

#### The Pros

•	Cutting-edge security technology.

•	Multiple wallets.

•	Social experience with other users.

#### The Cons

•	No web-based version. 

### eToro

The [eToro](https://www.etoro.com/) platform is reliable for users who want to begin crypto trading and investing. The wallet allows you to trade cryptocurrency without worrying about the safety of your funds. CySEC, the SEC, and the FCA in the UK regulate the crypto platform. With its vast network of resources, the wallet enables crypto traders to earn and gain trading experience.

eToro ensures that your deposits are safe and secure. It is worth noting that all eToro transactions are communicated using SSL technology, ensuring your personal information security. To help prevent fraud, your eToro wallet can only be funded by your own UK bank card or account; the platform does not allow deposits through another user's account.

Users can open a free demo account with the eToro wallet to avoid risking their funds immediately. This demo account also assists in providing insights into how the platform operates.
Deposits up to $250,000 are covered by insurance, promoting system stability and transparency.

#### The Pros

•	Amazing features for crypto trading.

•	Extensive library of educational resources available.

•	Cutting-edge security systems.

•	Wide range of cryptocurrencies accepted.

#### The Cons

•	More experienced users may find it a little less impressive.

## Conclusion

Hopefully, this guide to Bitcoin wallet UK options available has been helpful. Since Bitcoin’s emergence more than a decade ago, cryptocurrencies have consistently delivered faster and easier transactions. With improved security and transparency, the sector will continue to grow.

If you are just beginning your crypto journey in the UK and want to learn more about crypto features, you can read [Guide to Crypto Lending, Staking, and HODLing](/news/article/crypto-lending). Only after you've found an utterly secure Bitcoin wallet UK option for your assets should you consider how to buy and grow your portfolio.

So, go ahead and take the first step toward discovering the potential of the cryptocurrency world.


Bitcoin Wallet UK Offerings Rated

Tony Fadell, an executive at California's center for global innovation and high technology, Silicon Valley, disclosed on Tuesday the launch of a hardware crypto wallet to store cryptocurrency offline.

A hardware wallet securely stores a user's private keys or passcodes in cold storage. This means that the wallet is not connected to the internet. Hot wallets, on the other hand, are always connected to the internet and allow their users to send, store and receive coins and tokens.  

Fadell’s hardware wallet was created in partnership with Ledger, a France-based technology firm that develops secure infrastructure solutions for blockchain applications and cryptocurrencies used by individuals and companies. 

## Why is Tony Fadell launching a hardware wallet? 

Tony Fadell decided to launch a hardware wallet due to the increasing demand for self-custody (non-custodial) wallets from millions of cryptocurrency traders and investors. While custodial wallets, such as holding an account with [Binance](/news/article/binance-staking) or Coinbase, see representatives of such exchanges hold the private keys to your crypto holdings, non-custodial wallets ensure you have access to your private keys or passcodes. 
Demand for hardware wallets is increasing because of the [collapse of FTX](/news/article/ftx-collapse-blockfi-suspend-withdrawals), which led to an industry-wide bloodbath that saw the halting of deposits and withdrawals across several exchanges.

Fadell's hardware wallet means people can hold their digital assets outside the confines of exchange representatives and away from cyber criminals.
Fadell chose Ledger because it is a crypto hardware wallet maker serving clients in more than 200 countries and has sold more than five million wallets across the globe.
While previous products by Ledger, like the Nano S and Nano X, were modelled after USB sticks, the new design, Ledger Stax, is shaped like a credit card. It features an electronic-ink display and a curved spine.
The Ledger Stax will be on sale from early 2023 and will sell for $279. 

Fadell, now in his 50s, spent close to 10 years under Steve Jobs during his time at Apple Inc. It was during that period that he helped create iPhone. 
The crypto wallet market is forecast to grow to [$686.05 million](https://www.prnewswire.com/news-releases/crypto-wallet-market-to-grow-by-usd-686-05-mn-driven-by-peoples-inclination-toward-digital-currency---technavio-301674672.html) by 2026, according to a November 2022 report by Technavio, a global advisory and technology research company.

The report mentioned Ledger as one of the companies that will help the crypto wallet market reach the projected valuation. Other companies that will contribute to the growth of the crypto wallet market include, but are not limited to, Binance Services Holdings Limited, BitPay Inc., Exodus Movement Inc., Gemini Trust Co. LLC, Trezor Company, and ShapeShift AG.


image of tony fadell holding a cryptocurrency hardware wallet. The image has a blue background

iPod creator Tony Fadell launches crypto wallet

Theta is an established and fast-growing cryptocurrency. Theta wallet is the official wallet operated by the [Theta project](/news/article/theta-coin-price) and used to interact with the Theta blockchain.

The web wallet can log into an existing wallet, or users can create a new one. Users with an existing wallet would have to unlock it from an encrypted Keystore file, mnemonic phrase, or private key.

## Creating a new Theta wallet

Theta [recommends](https://medium.com/theta-network/theta-web-wallet-available-now-996867e10db) that if you do need to create a wallet, you should do so offline. As soon as you reach the wallet website, put off your data connection or switch on your airplane mode. Use the "create wallet" button to begin.

Then, you must download the encrypted Keystore file and create a password for your wallet. The encrypted Keystore file you just downloaded is what you would use to unlock your wallet each time you need to access it.

## Mnemonic/seed phrase and private key

Next is copying out the mnemonic/seed phrase and private key and storing them securely. This is because it is the only data you need to recover your Theta wallet should your Keystore file or wallet password be lost.

It is also advised to store these details safely offline and not online or in any cloud storage. After following these steps, you can connect your device to the internet and unlock your new wallet.

## How to connect an existing Theta wallet

To connect an existing wallet, you must upload your pre-downloaded Keystore file or enter your mnemonic phrase or private key. If you must upload your Keystore file, it is recommended that you go offline before uploading it.

Once the wallet is unlocked, you will get a message indicating that it is safe to connect to the internet and go to the wallet.
Now that you are in your wallet, you can check your THETA and TFUEL token balance. You can also send and receive tokens right from your dashboard.

[The Theta Docs](https://docs.thetatoken.org/docs/theta-web-wallet) page gives more insight and details the functionality of the wallet.


Theta Wallet - A Guide

Are you a hardcore crypto believer or a greenhorn getting your feet wet in Web3? Regardless of what stage you are on your blockchain journey, sooner or later you'll create and receive value in the form of cryptocurrency. When you do, you'll [need a wallet to store them](/news/article/crypto-wallet-multiple-currencies), and Trezor is an option.

In this article, we'll examine three reasons to go for the [Trezor Wallet](https://trezor.io/).

•	Security

•	Anonymity

•	User experience

## Security

When it comes to security, there are no 100% guarantees, but the Trezor team pushes the boundaries towards perfection with the procedures and features they have in place to protect the assets of their customers.

One feature that comes to mind would be the capability of on-device interactions like passphrase and PIN. With the Trezor Model T's touchscreen display, the above on-device interactions increase the security of your assets when your wallet is connected to another device. It's got great cryptography courtesy of features such as SLIP-39 Shamir on the Model T and BIP-39 passphrase.

## Anonymity

You can always go one step further in securing your crypto assets with Trezor wallets. It's one thing to have the technical ability to wade off hackers, but what if you hide your stash so they don't even know what to look for?

Switching to a Tor browser for your Trezor wallet can protect two vital pieces of data about you. They're your IP address and extended public key (xpub). Your IP address reveals your ISP and country, while your xpub data shows how many coins are stored in your wallet. If hackers get their hands on such an IP address, they'll try to find funds associated with it.

And no one wants criminals selling such information on the black market or going for your physical address. Using a Tor browser severs the public link with your Trezor xpub so that even if the Trezor database is hacked, they won't get to your IP address.

## User Experience

With Trezor, you get seamless onboarding regardless of your experience with Web3. Once you get your hardware, Model T or Trezor One, download the Trezor suite and install it. In just a few minutes, you'll be through with the entire setup.

Onboarding aside, your day-to-day use of your Trezor wallet is made easy with the touchscreen display. It's an OLED display with 128×64 pixels for the Trezor One and a 240×240 pixel LCD for the Trezor Model T. 

Regardless of your choice, the displays are easy to read and interact with because they emit vibrant colors and show legible text. Despite the small screens, accessing information through clicking and reading is near error-free.

## Wrapping Up

With the recent events unfolding in the crypto industry, it's important to have a secure place to keep your cryptocurrencies. All that chaos with crypto platforms like the [liquidity crunch at FTX](https://techcrunch-com.cdn.ampproject.org/v/s/techcrunch.com/2022/11/08/binance-signs-letter-of-intent-to-acquire-ftx/amp/?amp_gsa=1&amp_js_v=a9&usqp=mq331AQKKAFQArABIIACAw%3D%3D#amp_tf=From%20%251%24s&aoh=16679837828856&referrer=https%3A%2F%2Fwww.google.com&ampshare=https%3A%2F%2Ftechcrunch.com%2F2022%2F11%2F08%2Fbinance-signs-letter-of-intent-to-acquire-ftx%2F) and, formerly, hardcore [Dogecoin](/coins/doge) speculators suing [Elon Musk lends credit to the skepticism of Bill Gates](https://news.sky.com/story/elon-musk-sued-for-258bn-over-claims-he-ran-a-pyramid-scheme-to-promote-dogecoin-12635334).


Why Consider a Trezor Wallet?

Launched in 2021, [Phantom wallet](https://phantom.app/) is a non-custodial crypto wallet built for the Solana blockchain. It is used to interact with Solana-based tokens, smart contracts, NFTs, and decentralized applications (DApps). It is available as a browser extension and mobile app.

It can be accessed using major browser extensions such as Chrome, Firefox, Brave, and Edge. As a mobile app, it is compatible with iOS devices as well as Android.

## Key features

Phantom wallet stands out with its many features. They include;

i.	Simple user interface: Its simple user interface makes it beginner friendly. Anyone can use it to interact with the SOL blockchain. All service options are available on the first page.

ii.	Non-custodial: Users have complete control of their private keys, which give access to their funds. It has no access to users’ data or funds.

iii.	Supports Ledger: It can be connected to Ledger, a leading and highly secure hardware wallet for extra security.

iv.	Built-in exchange: It features a built-in decentralized exchange that allows users to swap SOL-based tokens within it.

v.	NFT compatible: It supports NFT collectibles from the SOL blockchain. It has a feature that automatically groups similar NFTs for easy accessibility. However, it only supports Solana NFTs.

vi.	[Crypto staking](/news/article/what-is-staking-crypto) capabilities: It allows users to stake SOL and receive rewards. Crypto staking is a good way to earn passive income from cryptocurrencies.

vii.	Great security: A strong password is the first line of defense. It is required to protect funds from thieves and hackers. It also features a recovery key phrase to restore access to it. Biometric authentication is another security feature offered to those using its mobile app version. The feature enhances its security even when accessing it on the go.

viii.	Privacy: It prioritizes privacy. Users don't have to provide any personal information to create it. They only need to create a password to start using it. It also does not track any personally identifiable information, users' account addresses, or asset balances.

## Pros and cons

There are many reasons to use Phantom wallet to interact with the SOL blockchain. Some of its advantages include;

### Pros

•	It is easy to use, therefore beginner friendly.

•	It is non-custodial, therefore, does not have control over users' funds.

•	It features a built-in swap and is compatible with NFTs.

•	It supports Ledger (a hardware wallet) for increased security.

•	It prioritizes privacy and features great security.

### Cons

•	It does not support any other network.

## Conclusion

Phantom is a great wallet. It is especially perfect for newbies venturing into the crypto space through Solana, one of the most active and fastest-growing ecosystems in the crypto space.

It is easy to use, feature-rich, and highly secure. It easily gives access to all Solana services. It can be accessed as a web extension and mobile application. There is a lot to like about it.



Solana Phantom Wallet Guide

MetaMask [(metamask.io)](https://metamask.io/) is a crypto wallet and way for users to access the Ethereum blockchain. MetaMask is one of the most actively used crypto wallets in existence, with over 30 million monthly users, according to metamask.io as of 2022. It is a free web wallet for your crypto that now has a mobile app and is one of the most widely adopted platforms to trade and swap tokens on the Ethereum blockchain and use DApps. 

MetaMask was founded and developed by [Consensys](https://consensys.net/), the leading Ethereum software company with many other popular products that provide various blockchain-based solutions to businesses and individuals. Consensys is one of the most trusted companies in the crypto space and is leading the charge in delivering blockchain services for users on the Ethereum blockchain.

## How does MetaMask work?

MetaMask is primarily accessible via a web browser or the MetaMask mobile app. It is a “hot wallet” that provides each owner with an address with which they can receive Ethereum-based tokens and assets or purchase them. 

## What are the risks of using MetaMask?

[MetaMask](/news/article/avalanche-crypto-metamask) does store the private key inside the user’s browser, so potential theft in this direct way is possible but very difficult to accomplish. Usually, such hacks are employed using social engineering, involving the user willingly providing the information that a malicious party seeks. 

While MetaMask does not have access to your personal information, your web browser might. The browser would not store your passphrase, seed phrase or wallet info, but it will collect information on how and when you use an integrated app, plugin or extension. 

MetaMask wallets are “hot wallets,” meaning they are perpetually connected to the blockchain and can efficiently perform transactions with other addresses. A “Cold Storage” wallet is still more secure than any software-based crypto wallet but is also subject to physical theft, loss or damage. 

##What can I do with MetaMask?

The three main things that MetaMask can do is store crypto, allow users to execute peer-to-peer swaps, and provide access to DApps. 

Storage: Tokens built with Eteherum’s ERC-721 and ERC-20 token standards can be stored and exchanged between MetaMask wallet addresses, easily created via supported web browsers. Encryption allows users to keep their private keys and wallet passwords securely. 

Token Swaps: MetaMask performs token swaps differently by taking data from multiple decentralised exchanges and automated market makers. In this way, MetaMask swaps allow users to directly exchange crypto tokens without going through third-party custodial platforms or intermediaries. This allows token swaps at reduced costs and with fewer barriers. 

DApps: Ethereum-based DApps are some of the most popular and widely adopted. NFTs, DeFi platforms,  products and even blockchain games are accessible through MetaMask. For some of these tools and platforms, MetaMask is a downright requirement. For this reason, MetaMask is an excellent entry-level wallet.

## Why MetaMask is here to stay

One of the main reasons for MetaMask's long-term success is trust. Consensys, the company that developed MetaMask, is a giant in the global crypto space. They are leading the charge in providing consumers with accessible solutions on the Ethereum blockchain. 




What is MetaMask?

Ukraine has recently located and taken control of a crypto wallet  allegedly involved in raising Russian funds to support military efforts in the invasion of Ukraine. According to the Security Services of Ukraine (SSU), they have blocked Russian crypto wallet used for sponsoring the war in Ukraine. 

The wallet belongs to a self-proclaimed volunteer for the Russian invasion of the country. SSU has also detained the person and is undergoing further investigations. 

## Russian crypto wallet holding over $19,500 seized

Ukraine’s SSU also shared that the account had cryptocurrencies worth up to $19,500. The intelligence agency is currently tracking the previous transfers. Moreover, they have not made a decision yet on whether they will transfer the assets to Ukrainian jurisdiction or not.

The SSU gathered the intel from several international cryptocurrency firms. And they used a specified ‘mechanism’ to seize the Russian crypto funding. 

## Revelations from the investigation 

The national police and the Prosecutor General carried out the investigation. The investigations revealed that the alleged Russian military volunteer used a significant amount of the funds to buy weaponry. It was to facilitate the separatist militants from Luhansk and Donetsk People’s Republic (L/DNR). 

Moreover, it was revealed that the alleged person was running campaigns on social media to raise funds. Since the start of the Russian invasion, he has constantly been creating digital content and sharing content with others. However, they did not disclose the identity of the person yet.

## Crypto and the Russia-Ukraine conflict

Digital assets have been a part of the Russia and Ukraine war since the beginning. These assets have been used to facilitate both countries’ militaries. Previously, cryptocurrency investors started a campaign named ‘[Aid for Ukraine’](/news/article/ukraine-crypto-aid). This drive collected more than $54 million for the Ukrainian cause. Moreover, the country also imposed a [crypto ban](/news/article/ukraine-cryptocurrency-ban) to stop the flow of money out of the country. 

On the other hand, Russia is also using cryptocurrencies to bypass international sanctions. It recently raised over 2.2 million in [Russian crypto](/news/article/crypto-russia) funds.



Ukraine snags Russia crypto wallet funding invasion

So you've been hearing a lot about cryptocurrencies and want to get in on the action, but you're not sure how? One way to start is by getting a crypto debit card.

There are a lot of crypto debit cards on the market, so it can be hard to know which one is right for you. That's why we've done the hard work for you and compiled a list of the best crypto debit cards in the U.K.

Topping our list is the [Revolut](/news/article/revolut-news-approved-eea). This card allows you to buy, hold and exchange 25 currencies, including Bitcoin, Ethereum, and Litecoin. It also offers free international ATM withdrawals and no exchange fees.

Next up is the [Coinbase](https://www.coinbase.com/card). This card allows you to spend your Bitcoin, Ethereum, Litecoin, and Bitcoin Cash anywhere that is Visa accepted. It also comes with 0% foreign transaction fees and no annual fees.

Finally, we have the [Wirex](https://wirexapp.com/en). This card is unique because it offers both traditional Visa and Bitcoin debit cards. It also comes with 0% foreign transaction fees, a contactless payment option, and mobile app support.

## What Are the Benefits of Using a Crypto Card?

There are a few benefits of using a crypto debit card. Firstly, it's a tremendous offline crypto wallet to store multiple currencies. It allows you to securely store your coins offline, which is vital for keeping them safe from theft or hacking.

Another benefit of using a crypto debit card is that it makes spending your cryptocurrencies easier. You can use this to buy goods and services online or in-store, just like you would with a regular debit card. This is a convenient way to use your coins for everyday transactions.

## How to use a crypto debit card

So, you've decided to buy a crypto card! Well done! These handy little cards make it easy to spend your cryptocurrency in the real world. But before you can start spending, you need to know how to use them.

### Here's some steps on how to use your crypto debit card:

1. First, make sure the crypto debit card is linked to your wallet.

2. Next, add funds to your card by transferring your cryptocurrency into the card's account or buy your digital currencies on the issuers application.

3. Once your crypto debit card has been funded, you can start spending! Some issuers require you to sell and convert your digital currency to fiat before spending and others will do the your digital currency to fiat conversion at spot on your behalf if your account is only funded in crypto. Just look for the merchant's logo and tap 'pay' on your card terminal.

4. Your funds will be transferred immediately to the merchant and you'll receive a digital receipt for your purchase. 

Easy!

 



What are the best crypto debit cards in the UK?

Multisig is a type of crypto wallet that uses multi-signature technology to store and secure cryptocurrencies. It requires more than one person to sign off on any transaction before it can be executed, thus considered highly secure.

Let’s dig in and explore everything you need to know about it.

## RIF Multisig 

The [RIF Multisig wallet](https://www.rifos.org/blog/multisig-the-rsk-way) is a crypto storage solution for the RSK community and the Bitcoin DeFi ecosystem. It provides a secure place to store RIF tokens; utility tokens of the RSK network.

RSK is a smart contract network that is a sidechain of the [Bitcoin](/coins/btc) blockchain. It allows developers to create Defi protocols, NFTs, and other digital assets using the Bitcoin blockchain. As a sidechain, RSK also helps increase the scalability of the Bitcoin blockchain.

## Benefits 

There many benefits to using Multisig for crypto storage. Firstly, the wallet is hard to hack. Because it requires more than one private key to use, easily accessing all the required private keys is not easy for any hacker.

It also eliminates dependency on one device or party. Private keys can be saved on different devices to easily provide access to stored funds. In case something happens to one of the users, other users are not locked out of accessing their funds.

## Downsides

A major disadvantage of Multisig is slow transaction speeds. Because more signatures are involved, transactions may take longer. 

## How to set up 

To set up your wallet you will require two or more devices that support the RIF protocol. Each device, a computer, for example, will need to have a copy of the RIF token. 

On each computer generate a seed phrase. You will need the seed phrase to generate a master key that will enable you to generate the addresses.

Once you’ve generated the seed phrase the next step is to create a wallet on each computer. Open the multi-sig software and click on the “Create” button. Fill in all the required information including the number of computers you have.

Once you are done, you will be given a list of addresses you can send tokens to. The next step is to generate a Multi-sig address. 

Open the Multisig software and click on the "Create Multi-Sig address" button. Fill in the required information including the number of computers you have, the addresses you just created, and the name of the Multi-sig address.

After generating the Multi-sig address you will get instructions that will help you send tokens to the address. You can now send and receive crypto.

## Bottom line

The RIF Multisig is considered one of the best ways to securely store crypto online. The wallet, while still new in the crypto space offers a lot of benefits. It not only eliminates a single point of failure but also eliminates the dependency on a single device or user.






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