21 Best Crypto Wallets in the UK 2024 – Safest Wallets Revealed

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

After buying crypto from an exchange or broker, most investors in the UK will store their tokens in a private wallet.

There are many different options in this regard, so this comparison guide reviews the 21 best crypto wallets in the UK.

Read on to select the best crypto wallet for safety, user-friendliness, features, fees, and more.

List of The Best Cryptocurrency Wallets for UK Traders 

The 22 best crypto wallets in the UK for 2024 are listed below:

  1. Best Wallet Best crypto wallet for UK investors, offers unique multi-chain swaps.
  2. Ledger Nano – Top cold cryptocurrency wallet stores digital assets offline.
  3. Ellipal Titan – Cutting-edge air-gapped crypto wallet, connect to DApps and store NFTs.
  4. Trezor – Institutional-grade crypto wallet, perfect for securing large investments.
  5. Ngrave Zero – One of the most safe crypto wallets, EAL7-certified Security.
  6. Blockstream Jade – Lightweight and Plastic-made Bitcoin-focused hardware wallet.
  7. Bitbox – Swiss-Made crypto wallet offers top-tier Protection with secure chip technology.
  8. SafePal – Budget-friendly crypto wallet supports offline QR scanning.
  9. SecuX – Crypto wallet possesses a sleek design and enhances user experience.
  10. CoolWallet – Premier crypto wallet blends portability with biometric authentication.
  11. Coldcard – Go-to crypto wallet for Bitcoin cold storage, offers advanced air-gapped security.
  12. CoinbasePopular crypto wallet, offered by one of the biggest crypto exchanges.
  13. OKX – Decentralized crypto wallet with DeFi yields and NFT trading.
  14. Binance – Popular crypto wallet offers multiple DeFi services and yield farming.
  15. Trust Wallet – Crypto wallet app Supporting 4.5+ million digital assets.
  16. Metamask – Leading cryptocurrency wallet extension for Web browsers.
  17. Crypto.com – Popular crypto wallet lets you trade over 1,000 cryptos, staking supported.
  18. Exodus – Established crypto wallet supports 260+ cryptos across multiple blockchains.
  19. Electrum – One of the oldest Bitcoin-only wallets in the market.
  20. iToken – Non-custodial mobile wallet providing access to web3 tools.

1. Best Wallet – Overall Best Crypto Wallet for UK Investors Offering Unique Multi-Chain Token Swaps, DEX Features, and NFT Gallery

The standout option in regards to the best crypto wallet for UK investors is Best Wallet. This all-encompassing Web3 app aims to be more than just a platform for storing cryptocurrencies – instead, offering a comprehensive solution that simplifies the management of various digital assets into a single mobile app.

This means that users can store their coins, tokens, and NFTs on the Best Wallet mobile app safely. Alongside robust cryptographic methods, Best Wallet also boasts two-factor authentication and biometric identification, ensuring users’ digital assets are as safe as possible.

What makes Best Wallet stand out the most is the upcoming market insights feature, where you get advanced price charts as well as token analytics, including trending tokens, token sentiment, and more. No other crypto wallet has these features.

best wallet

Another strength of Best Wallet is its dedication to cross-chain compatibility. The wallet supports assets on various blockchains, including Ethereum and BNB Smart Chain. The Bitcoin blockchain is planned for future releases.

Underpinning all of these features is the $BEST token. $BEST holders who stake their tokens will receive various benefits, including early access to crypto presales, staking rewards and more. Stakers will even benefit from zero gas fees when making transfers, which is ideal for active market participants.

Those who are active on social media and use Best Wallet consistently will receive a $BEST token airdrop during Phase 6.

best wallet roadmap

Another impressive add-on to the Best Wallet is the Best DEX. This is a decentralized exchange where you can seamlessly swap your coins. The best part is that you don’t have to open an account to use it – connect your crypto wallet and start swapping right away.

Active Best DEX users will also be eligible for the $BEST token airdrop when the time comes.

Finally, Best Wallet is designed as a mobile-first application. This ensures that managing digital assets is as easy as possible; however, those who prefer desktop access will also be catered with an upcoming release of a browser extension.

Overall, Best Wallet isn’t just a tool for managing digital assets – it’s a comprehensive platform that promotes interoperability and user security.

Stay up-to-date with new information on the Best Wallet Telegram channel and follow Best Wallet on X

Type of Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App?
Mobile Supports tokens on various blockchain networks, including Ethereum and BNB Smart Chain, with Bitcoin blockchain planned for the future Depends on third-party services when you buy with a credit card Yes

Pros pros

  • Supports assets from various blockchains
  • Contains a library of educational articles
  • NFT gallery
  • Boasts cutting-edge security features for asset protection
  • Active Best Wallet users are eligible for the $BEST token airdrop, which offers benefits like free token swaps

Cons cons

  • No crypto wallet browser extension available yet
  • Third-party fees for buying crypto with a credit card

2. Ledger Nano – The Most-Preferred Crypto Wallet Among Long-term UK Investors

Ledger Nano is the best crypto wallet in the UK for long-term investors. The reason for this is that Ledger Nano is a Bitcoin hardware wallet. As such, the crypto tokens are stored in a physical device for safekeeping. Crucially, Ledger Nano remains offline at all times, so the threat of a remote hack is reduced. In order to transfer tokens from Ledger Nano, the user needs to enter their PIN.

Ledger Nano review

This ensures that if the Ledger Nano device is stolen, the user can recover the wallet remotely. Ledger Nano supports over 5,500 tokens across multiple blockchain networks. Through the Ledger Live desktop software or mobile app, users can buy and sell crypto. Users can also connect to third-party DeFi apps, such as 1Inch and Lido. Depending on the chosen model, Ledger Nano costs between £70-£140. Users are advised to only purchase the device directly from the Ledger Nano website.

Type of Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App?
Hardware wallet (noncustodial) 5,500+ The fee is determined by Coinify Yes

Pros pros

  • One of the best crypto wallets in the UK for long-term investors
  • Secure crypto tokens in a hardware wallet that remains offline
  • Lost, stolen, or damaged devices can be restored remotely
  • Supports more than 5,500 tokens

Cons cons

  • Not suitable for short-term traders that regularly transfer tokens

3. Ellipal Titan – UK’s Preferred State-of-the-Art Crypto Wallet With Air-Gapped Security 

There are two types of ELLIPAL Titan wallets: the main air-gapped cryptocurrency wallet and its mini version, which is simply smaller and more affordable. Its air-gapped design ensures Ellipal functions without a direct internet connection to mitigate the risk of malware or remote hacking attempts.

Ellipal Wallet ComparisonELLIPAL Titan hardware wallet is equipped with dual-layer defence and CC EAL 5+ certification of security. It further offers security features like password, PIN, and 2FA, in addition to being anti-tamper, anti-disassembly, and self-destructive. 

The device is actually metal-sealed to protect your wallet against physical supply chain attacks. For advanced security, the wallet has no Bluetooth, NFC, Cellular, or Wi-Fi connectivity but features a 4-inch full-lamination IPS display and super quick-touch response.

These wallets also offer third-party integration, including MetaMask and WalletConnect, to allow its users to connect with dApps.

The Ellipal Wallet comes with a touchscreen interface and the ability to manage several accounts and conduct transactions directly from the wallet. You can store a wide variety of coins as well as NFTs in this wallet. 

Ellipal's All in One App Web Page

To manage your assets, you must use the ELLIPAL app, available for both iOS and Android devices. The app essentially works as a hot wallet on its own and allows you to initiate transactions and monitor your balance. Your device communicates with the app through QR codes. The ELLIPAL mobile app further comes with a built-in exchange and adjustable transaction fees.

When it comes to cost, the price of the ELLIPAL Titan 2.0 Cold Wallet is $169, and the ELLIPAL Titan Mini Cold Wallet is $99.

Follow the company on X or join the community on Telegram to get more information about the crypto wallet provider. 

Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App?
Hardware Wallet Supports tokens on various blockchain networks, including Ethereum, BNB Smart Chain, Solana, Avalanche, USDT, Polygon, and more Depends on the partners; Binance DEX, Changelly, MoonPay, & others Yes

Pros pros

  • Utilises air-gapped technology for enhanced security
  • The mobile app allows for easy management on the go
  • Durable metal body construction for physical security
  • Support for a variety of cryptocurrencies for diverse portfolios
  • Features a full-colour touch screen for a user-friendly experience
  • Resistant to tampering with anti-disassembly features

Cons cons

  • A bit higher end in terms of price
  • Limited third-party wallet support 
  • Complete reliance on QR codes may not be for all

4. Trezor – Leading Choice for UK Investors Seeking a Crypto Wallet With Secure and Versatile Storage Options

One of the original hardware wallet brands, Trezor, has two options for UK crypto users: the advanced Trezor Model T and the affordable Trezor Model One. Developed by Satoshi Labs, this wallet provides you with an efficient and secure way to store your crypto. Importantly, these hardware wallets utilise open-source technology to ensure there are no hidden vulnerabilities and allow anyone to analyse its code.Trezor Home Page

These devices feature a touchscreen, two-button pad, support for more than 8,000 tokens, and are Secure Element protected with certified Chip EAL6+. Additionally, they make it easy and straightforward to create new addresses for each transaction so that your Extended Public Key (XPUB) stays private.

On this wallet, you can verify and physically confirm each transaction independently directly on the device. Simultaneously, the ability to implement a user-defined PIN up to 50 digits long protects your wallets against unauthorised access. Thus, Trezor’s Model One and Model T offer a perfect combination of the hot and cold wallet environment to ensure convenience without compromising on security.

Trezor Wallet Comparison

Accompanying these devices is Trezor Suite, a desktop application for Windows, MacOS, and Linux. Meanwhile, Trezor Suite Lite is a watch-only mobile app for both Android and iOS. This user-friendly app allows users to receive, track, and monitor their crypto assets. It enables users to further sync addresses and portfolios for each coin, monitor balances and recent transactions, and generate wallet addresses. Additionally, on the app, you can customise basic settings and currency displays for a streamlined user experience.

In addition to security, Trezor also puts a special focus on user privacy through Coinjoin to anonymize Bitcoin transactions online, Coin Control to have full control over your coins, and Tor support for anonymous communication.

Regarding pricing, the Model One will cost you €59, while the Trezor Model T is worth €179. 

Stay up-to-date with new information about Trezor through its Blog section or follow it on X (previously Twitter). 

Type of Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App?
Hardware Wallet Supports tokens on various blockchain networks, including Ethereum, ERC-20 tokens, BNB Smart Chain, Solana, USDC, Dogecoin, Lido Staked Ether, and more Depends on the partners like Coinmate, Bitstamp, & others Yes

Pros pros

  • Open source firmware 
  • Support for a wide range of cryptocurrencies
  • Compatible with various third-party wallets
  • Straightforward backup and recovery process
  • Strong security features, including PIN protection & passphrase support

Cons cons

  • May be pricier than some alternatives
  • Limited native mobile support

5. Ngrave – UK’s Renowned Crypto Wallet With Unrivaled EAL7 Security Certification

Ngrave Zero boasts of being the first crypto hardware wallet with the highest security certification in the world, EAL7. This crypto wallet generates your private keys offline and calls it the Ngrave Perfect key. Instead of giving a predetermined set of keys, Ngrave uses a 64-character hexadecimal equivalent, making it impossible to trace them online. Hence, these keys are never taken online, making this hardware wallet one of the best options in the market for not just the UK but every crypto investor.

NGrave Home Page

Furthermore, Ngrave offers a backup solution called Graphene, which is made of stainless steel plates the size of an A5 paper 148x 210x 3mm for utmost protection. It comes with a pen, which you use to mark your 64 hexadecimal phrase characters on the plate.

The mobile application Liquid, used in conjunction with this wallet, allows you to sync your accounts, access your balances, and view transactions in real-time. To initiate and sign transactions, the app uses QR codes. Conveniently, the app is available for both iOS and Android devices.

Web Page of NGrave's GrapheneThis hardware wallet currently supports a limited number of coins, but according to its roadmap, expansions such as Trust Wallet integration and support for ADA and Binance Smart Chain (BSC) are underway. Already available are NFT support, ERC-20 tokens, ENS, and Native Segwit BIP84. Looking ahead, plans include MetaMask integration, BTC multisig, hot wallet integrations, portfolio tracking, and the addition of more coins.

For UK investors, the Ngrave Zero is priced at £358, and Graphene at £148, while the combo pack containing both Zero and Graphene is available for £448.

For more information about Ngrave, follow the hardware wallet provider on X or YouTube, or join its Discord channel.

Type of Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App?
Hardware Wallet Supports tokens on the Ethereum network and MultiversX network, in addition to tokens like Bitcoin, Binance Coin, XRP, Dogecoin, Tezos, Solana, Stellar, Polygon, and Avalanche; more blockchains planned for the future NA Yes

Pros pros

  • EAL7 certification offers a high level of security assurance
  • Uses Graphene technology & 2FA biometrics to enhance security 
  • Provides on-the-go access and control
  • User-friendly interface makes it suitable for all
  • Durable and resilient stainless steel construction
  • Secure backup and recovery process  

Cons cons

  • Expensive wallet
  • Relatively a new entrant
  • Limited crypto support

6. Blockstream Jade – A Highly Regarded Crypto Wallet Among UK Bitcoin Enthusiasts 

Created by Bitcoin technology company Blockstream, which also works on the Bitcoin side chain Liquid Network, Core Lightning, mining operations, Blockstream Satellite, and software wallet Green, this hardware wallet focuses primarily on Bitcoin. Additionally, it supports Liquid assets, which are tokens issued on the Liquid Network.

Blockstream Jade Home Page

Blockstream Jade is a lightweight, plastic-made device featuring a green power button and includes a rechargeable, non-removable battery. It boasts a relatively small screen with a color IPS LCD display, offering a resolution of 240 x 135. You can connect the device to your desktop, laptop, or phone using its USB-C port or through Bluetooth. Notably, it also offers the option to operate in air gap mode, utilizing only its camera and QR code functionality, though it lacks a microSD card slot or NFC.

Interestingly, the wallet can be used as a Bitcoin miner, but one should temper their expectations of earning BTC, as the odds of mining a block with it are quite low. However, it can offer a fun and educational experience for those interested in giving it a try.

This hardware wallet is compatible with several software wallets, including Electrum, Sparrow, Nunchuk, Specter, BlueWallet, Keeper, Bitcoin Core, and BTCPay Server. Meanwhile, its own dedicated app, Blockstream Green, facilitates sending and receiving BTC and liquid-based assets independently of your device. The app is known for its user-friendly interface, requiring no registration, supporting multiple languages, and offering a testnet to test transactions before actual execution. It also features customizable transaction fees through “replace-by-fee” and smart fee estimation for optimized fees. 

Blockstream Green users benefit from securing their assets and wallets with Multisig Shield and can set up a two-factor threshold for large payments. For support, customers can reach out through tickets. According to the official website, Blockstream Jade is priced at $64.99.

For real-time information about Blockstream Jade, join the company’s Telegram channel and follow it on X

Type of Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App? Hardware Wallet
Hardware Wallet Supports only Bitcoin and Liquid assets, which are tokens issued on the Liquid Network Depends on third-party services Yes Yes

Pros pros

  • Completely Bitcoin-focused with a feature-rich app
  • 2-factor authentication (2FA) for added security
  • Compact and portable design offers convenience
  • Open-source firmware allows for transparency & community review

Cons cons

  • Primarily limited to Bitcoin 
  • Might have a steeper learning curve
  • The cost could be a consideration for users on a budget

7. Bitbox – A Widely Recognized Swiss-Made Hardware Wallet Among Security-Conscious UK Users

Zurich-based Shift Devices AG’s flagship product, BitBox, is a hardware wallet that you can use to store your crypto fortune. This minimalist wallet comes as a portable USB device that you can simply plug into your computer. It is compatible with Windows, Linux, and Mac operating systems in addition to being integrated with mobile apps through iOS and Android.

Bitbox Home Page

The BitBox hardware wallet uses AES-256-CBC encrypted USB communication in combination with a micro SD card meant for backup. There is no need for connecting cables here. What you get is access to a hidden wallet through a different password for added security. BitBox uses a dual-chip system with a secure chip and is password protected in addition to manual transaction confirmation and 2-factor authentication.

For seed storage, the fully open-source wallet uses a microcontroller that stores three secrets that are needed to access the encrypted wallet seed: a random secret on the secure chip, a random secret on the microcontroller, and a random secret not on the device, i.e., your device password.

Bitbox Hardware Wallet Web PageThe wallet accompanies a native software app which is multilingual and features multiple and unified accounts, integration with other wallets like Electrum, Specter, Sparrow, and MyEtherWallet, connection via Tor, ability to connect to dApps, and Coin Control to have tighter control over your coins. To contact BitBox customer support, you can do so through email but there is no live chat or phone support.

BitBox has two types of wallets — for purists, its Bitcoin-only edition has limited firmware to support BTC, while the multi-coin edition can be used to store a wide variety of crypto assets. Protecting your coins with this Swiss-made hardware wallet will cost you £120, whether you go for Bitcoin-only or multi-coin edition.

Join BitBox’s Telegram channel and follow the company on X to stay up-to-date with new information.

Type of Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App?
Hardware Wallet Supports tokens on various blockchain networks; Bitcoin, Ethereum, and EVM-compatible like Arbitrum, Optimism, BNB Smart Chain, & more Depends on the partners like Pocket Bitcoin, MoonPay, & others Yes

Pros pros

  • Compact and portable design
  • Designed with simplicity in mind
  • Utilises a secure chip to enhance the device’s security 
  • The firmware is open source, allowing for community review
  • Biometric unlocking for added convenience

Cons cons

  • Crypto support is less extensive than some competitors
  • Smaller screen compared to some other wallets

8. SafePal – UK’s Stand Out Crypto Wallet Known for its Budget-Friendly Pricing and Rich Features

If you are looking for a hardware wallet, SafePal has three options for you: S1, X1, and S1 Pro. All of these devices have a D-pad button and the CC EAL5+ secure chip and are compatible with iOS, Android, Windows, and MacOS. They support 100-plus blockchains to give you access to tons of tokens. 

Safepal Home Page

Both S1 and S1 Pro have a 1.3’ full colour screen and 100% air-gapped signing mechanism, while X1 features a 1.8’ monochrome screen and high-speed Bluetooth 5.0 signing mechanism.

These wallets are designed for completely offline security with QR scanning and no WiFi connectivity, NFT, or USB connection. Moreover, features like a true random number generator, multiple layers of security sensors, and an anti-tampering self-destruct mechanism provide an extra layer of safety. The wallet, however, is only compatible with its own app and doesn’t integrate with other software wallets such as MetaMask or Trust Wallet.

SafePal offers a mobile app that allows users to securely send and receive coins, manage crypto and NFTs, buy crypto thanks to the platform’s integration with MoonPay, cross-chain swap thanks to built-in DEX, explore DeFi, and stake right within the app. But this is not all. If you are looking for an extension wallet, SafePal also has that to enable you to buy, trade, view, and store your crypto and access dApps across chains on Chrome, Firefox, and Edge.

The wallet provider further incentivizes its users through its utility token SFP, which fuels the SafePal ecosystem. The token is issued on the Binance Smart Chain, and Ethereum has a limited supply of 500 million and offers its holders benefits like airdrops and higher APY.

Safepal Download PageWhen it comes to the price of SafePal’s hardware wallet, the S1 Pro model will cost you the most at £89.99, then the X1 for £69.99, and the S1 for £49.99.

To know more about SafePal and get up-to-date information, join its Telegram group or Discord channel. You can also follow the company on X or subscribe to their YouTube channel.

Type of Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App?
Hardware Wallet Supports tokens on various blockchain networks, including Ethereum, BNB Smart Chain, Arbitrum, Avalanche, Aptos, zkSync Era, & more Depends on third-party services like MoonPay Yes

Pros pros

  • Competitive pricing makes it accessible to a broader user base
  • Features a mobile app for convenient portfolio management
  • Secure element chip provides enhanced security
  • Its small size and lightweight make it suitable for users on the go
  • Support for multiple languages for global accessibility
  • A ton of additional features like staking, DEXs, dApps, & native token

Cons cons

  • Some security concerns

9. SecuX – Favorite Among UK Crypto Users for its User-Friendly, Large Touch Screen 

This hardware wallet is built by a Taiwanese company that has three options for you. These are SecuX V20, W20, and W10, which utilises a secure element chip to protect your crypto assets. In addition to Infineon SLE Solid Flash CC EAL5+, SecuX Wallets also have Bluetooth 5 chip with OTP requirement and AES encryption to add an extra layer of safety. 

SecuX Home PageAll of these products are compatible with MacOS and Windows 11 but while SecuX V20 and W20 are also supported on iOS and Android devices, SecuX W10 is yet to have mobile compatibility. SecuX Wallets further feature a large touchscreen for clarity and supports thousands of coins as well as NFTs. You can also access marketplaces and DeFi here. On these devices, hands-on device authorization is required for every transaction.

Different hardware wallets offered by SecuX are easy to use, with its app coming with a sleek design for a user-friendly experience. Create account, wallet sync, and QR code scanner are commonly used functions on the app. 

Most recently, the company updated its UI to allow users to access crypto and manage transactions securely from the home screen. SecuX offers FAQs and step-by-step guides to help you use the wallet and its features effectively.

SecuX Cross Platform Web Page

Now let’s take a look at prices. SecuX V20 is currently being sold for £110.07, SecuX W20 for £94.23, and SecuX W10 for £54.64. As for other products, the company’s NFT-focused wallet is £157.55 and SecuX Nifty-X £197.13. Meanwhile, SecuX Shield BIO with advanced biometric recognition is £117.96.

You can follow the company’s account on X to stay up-to-date with new information, or you can join other community members on its Telegram channel or follow them on YouTube.

Type of Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App?
Hardware Wallet Supports tokens on various blockchain networks, including Ethereum, Tether, Solana, USDC Coin, Chainlink, BNB Smart Chain, Uniswap, & more Depends on third-party services when you buy with a credit card Yes

Pros pros

  • Features a large touch screen for improved user experience
  • Integrates with a mobile app for convenience & on-the-go management
  • Supports various cryptocurrencies to cater to different user portfolios
  • Compatible with multiple wallet interfaces for flexibility
  • Offers multiple security features, including PIN protection and Fingerprint recognition

Cons cons

  • The price is a bit higher compared to some budget-friendly alternatives
  • Some users might find the interface complex

10. CoolWallet: A Biometric-Authenticated Crypto Wallet, Great for On-The-Go UK Users

CoolWallet is not only for cold storage of your crypt assets but also NFTs. It comes with robust security features in the form of advanced encryption and usage of the EAL6+ Secure Element chip. 

Cool Wallet Home PageThis wallet manufacturer has two models — CoolWallet S and CoolWallet Pro. CoolWallet S is ultra-thin and lightweight, with Secure Element Chip EAL5+, AES-256 Bluetooth for confidential data transfer, and support for NFT and DeFi, whereas CoolWallet Pro has the same size and qualities as S except for a Secure Element Chip EAL6+ and built-in staking feature. 

Both these wallets are credit card-sized, which makes them very portable. Moreover, they are waterproof and tamper-proof, ensuring secure storage of your assets.

Its feature-rich app has two modes: dark mode for CoolWallet COLD and light mode for CoolWallet HOT. The app supports more than 10 main chains and over 12,000 tokens while offering real-time scanning, alerting, and advanced visibility. 

The CoinWallet app further supports swapping with the best rate, interaction with countless DApps, and managing NFTs. For security, the app supports screen lock and transaction verification as well as the option to choose from biometric authentication or password to authorise transactions.

CoolWallet Pro Buying Page

The wallet manufacturer also offers other services like Smart Scan, Staking, and Web3 Browser to interact with dApps. It also supports third-party integration with MetaMask and WalletConnect, while exchanges supported are Changelly, ChangeHero, and 1inch. For customer support, CoolWallet has a user manual and a help centre, or you can use live chat for quick responses. 

As per the official website of the company, CoolWallet Pro will cost you $149, while CoolWallet S has a price tag of $99.

Stay up-to-date with new information on the company’s Discord or Telegram channel. You can also follow the company on X

Type of Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App? Hardware Wallet
Hardware Wallet Supports tokens on various blockchain networks, including Bitcoin, Ethereum, Binance Smart Chain, Polygon, Avalanche C-Chain, Arbitrum, Optimism, zkSync Era, & more Depends on third-party services like Changelly, ChangeHero, & 1inch Yes Yes

Pros pros

  • Supports a wide range of major cryptocurrencies
  • A credit card-sized hardware wallet makes it portable
  • Offers wireless connectivity through Bluetooth
  • Utilises a secure element chip to enhance the overall security
  • Accompanies a mobile app with many features
  • Encrypted communication provides added security

Cons cons

  • Bluetooth dependency may concern some about the security

11. Coldcard – Top Pick Among the UK’s Bitcoin Enthusiasts for its Exceptional Air-Gapped Security

Created by Coinkite, this cold storage service provider is only for Bitcoin lovers with no support for any other altcoin. For security, this Bitcoin hardware wallet uses strong encryption, dual secure elements (Microchip’s ATECC608B and Maxim’s DS28C36B), PIN entry, and 2FA, in addition to being completely air-gapped. It does have a microSD slot to backup the seed, sign new transactions, and write public key data.

Coldcard Home PageThe Bitcoin-focused cold storage is open source and supports PSBT (Partially Signed Bitcoin Transactions) for those who want to collaborate with others on a transaction without exposing the private key. It also allows for full-node integration, offline address verification via QR code scanning, and the ability to connect to the Tor network for privacy.

Coldcard wallet is pretty lightweight with its plastic casing and features a full-sized numeric keypad and a high-resolution OLED display. For secure transferability of the product, this wallet uses tamper-evident packaging. Now, to connect your Coldcard, you can either use a USB-C connector, AirGap SneakerNET, NFC Tap, or simply drag-n-drop.

This high-security wallet is compatible with a number of software wallets, including Bitcoin Core, BlueWallet, Casa, Coldcore, Electrum, Sparrow, Fully Noded,  Specter, Unchained,  Wasabi Wallet, and Nunchuck. 

Coldcard Buy Now Page

The price tag on COLDCARD Mk4 with upgraded secure elements is $157.94, which comes with a USB-C connector, massive RAM for multisig, and an optional NFC.

Follow the company on X or join Coldcard’s Telegram channel to get real-time information about its latest developments.  

Type of Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App? Hardware Wallet
Hardware Wallet Only supports Bitcoin NA Yes Yes

Pros pros

  • Operates in an air-gapped environment for enhanced security
  • Secure element chip to safeguard private keys
  • Works seamlessly with popular wallets
  • Features a large and clear screen
  • MicroSD card for secure offline backup and firmware updates
  • Advanced security features, including PIN, passphrase support, & a duress PIN.

Cons cons

  • May involve a steeper learning curve
  • Limited crypto support

12. Coinbase – Large and Well Regulated User-Friendly Exchange With Self Custodial Wallet

Coinbase is one of the world’s oldest and most well-known exchanges, started all the way back in 2012 by Brian Armstrong. It’s a secure, regulated, and beginner-friendly exchange, with a large array of products and services for users.

The Coinbase Wallet has support for hundreds of thousands of tokens and decentralized applications, and is available as a mobile app, as well as a Chrome Browser extension (similar to how MetaMask operates as a Mozilla extension). This is a self-custodial wallet, meaning you will be responsible for storing your private keys securely.

Of course, you can also store your tokens through Coinbase. Coinbase has the highest levels of security in the industry with segregated client funds, cold storage tokens, and third-party insurance, as well as proof of reserves. It provides crime insurance and pass-through FDIC insurance on cash deposits.

You can link your Coinbase card to your Coinbase balance for convenience, which can be used in millions of locations worldwide. The card also offers 2 factor authentication and an instant freeze feature. You can switch which crypto you would prefer to use as a means of payment and track all transactions.   

Compliance and KYC procedures are strict with Coinbase, which have a long history of cooperation with regulatory authorities. Coinbase offers over 250 cryptos with a large suite of offerings.

Through a Coinbase One subscription, it’s possible to earn 10% APY on your crypto along with zero trading fees. There are services for institutions, businesses, individuals, developers, and traders. In the UK, Coinbase also provides faster payments and a large variety of withdrawal deposit options to its crypto wallets.

In terms of storing and sending crypto, Coinbase is an integrated ecosystem – whether you use the main account or the decentralized Coinbase Wallet. The mobile application is also very easy to use with a nice UI. The only real downside with Coinbase is the 3.99% fee for purchasing a crypto with a debit card. 

Type of Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App?
Web and mobile wallet (custodial), Self Custodial Wallet 250+ 3.99% + 1.49% Yes

Pros pros

  • A huge array of crypto products and services
  • More than 250+ supported cryptos
  • Advanced trading features
  • Self custodial wallet

Cons cons

  • Prices for direct crypto purchases are too steep
  • Limited staking options

13. OKX – Decentralized Wallet With DeFi Yields and NFTs

OKX is the best crypto wallet in the UK for those seeking noncustodial storage. Put simply, this means that the investor is the only person that has access to the wallet’s private keys. Therefore, the OKX wallet allows investors to retain full control over their crypto tokens.

The OKX wallet is accessible in two forms. First, investors that prefer using a desktop device can install the OKX wallet extension to Chrome or Firefox. Alternatively, the OKX wallet can also be downloaded as a mobile app for iOS and Android. In terms of supported tokens, the OKX wallet is compatible with other 30+ blockchain networks.

OKX wallet

This includes everything from Bitcoin, Ethereum, and Binance Smart Chain to Algorand and Solana. As such, the OKX wallet supports thousands of crypto tokens. Additionally, OKX also offers one of the best crypto wallets in the UK for DeFi. This enables investors to earn interest on the crypto tokens stored in their OKX wallet. This is offered through savings accounts, staking, and more.

The OKX wallet also supports an NFT marketplace. This allows investors to buy, sell, trade, and store NFTs without leaving the wallet interface. The OKX wallet also offers access to hundreds of trading pairs. Commissions amount to just 0.1% per slide and UK investors can also deposit funds with a debit/credit card or e-wallet. Finally, OKX also offers a standard web wallet, but this is a custodial service.

Type of Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App?
Browser extension and mobile wallet (noncustodial), web wallet (custodial) 370+ Trading commission of up to 0.1%. GBP deposit fees are built into the exchange rate. Yes

Pros pros

  • Best Bitcoin wallet in the UK for noncustodial storage
  • Choose from a browser extension or mobile app
  • Supports DeFi yields via savings accounts and staking
  • In-built NFT marketplace
  • Buy and sell 370+ tokens at a commission of just 0.1%

Cons cons

  • GBP payments are built into the exchange rate

14. Binance – Popular Crypto Wallet for Active UK Traders

Binance offers the best crypto wallet for UK traders. This is because Binance’s web wallet operated alongside its crypto exchange – which supports hundreds of pairs. For example, let’s suppose that a trade exchanges BTC for ETH. In this instance, the purchased ETH will instantly be deposited in the Binance web wallet.

As such, this makes it convenient for active traders that regularly buy and sell crypto. Binance also offers a proprietary app that connects to the web wallet. Both options enable users to deposit and withdraw crypto on a wallet-to-wallet basis. Moreover, the Binance wallet is compatible with DeFi services. This includes yield farming, staking, and savings accounts.

Binance wallet review

But where Binance really stands out is its exchange platform. For instance, BTC/GBP and a selection of other popular pairs can be traded at 0% commission. All other pairs attract a commission of just 0.1%. This can be reduced by paying trading commissions in BNB, the native token of Binance. As the world’s largest exchange for volume, Binance also offers tier-one liquidity.

In terms of security, both the Binance web and mobile app are protected by two-factor authentication. This requires the user to confirm the login request via email and/or an SMS code. Binance also has a safe asset fund for users (SAFU). This is an internal treasury fund to compensate users in the event of a hack. SAFU is funded by trading commissions collected by the exchange.

Type of Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App?
Web and mobile wallet (custodial) 350+ Trading commission of up to 0.1%. GBP debit card deposits cost 1.8%. Bank transfers cost £1. Yes

Pros pros

  • Best Bitcoin app and wallet for active traders
  • Buy and sell over 350+ coins
  • Super-low trading commissions that start from 0%
  • Largest crypto exchange for volume and liquidity

Cons cons

  • The Binance exchange is not regulated by the FCA

15. Trust Wallet – Crypto Wallet App Supporting 4.5+ Million Digital Assets

While Trust Wallet is backed by Binance, it operates independently from the exchange. In fact, unlike the Binance web and mobile wallets, Trust Wallet offers noncustodial storage. Once again, this means that investors will be in full control of their crypto tokens and private keys.

Trust Wallet is available as a mobile app for iOS and Android. A recently launched browser extension for Chrome, Edge, and Brave is also supported. Trust Wallet is compatible with more than 65 blockchains, which translates into over 4.5 million digital assets. As such, Trust Wallet is one of the best wallets for UK investors that are looking to diversify.

Trust Wallet review

Trust Wallet is also compatible with DeFi apps, such as PancakeSwap. This enables wallet users to buy and sell tokens on the Binance Smart Chain. Investors can also use Trust Wallet to earn interest on their idle tokens. Yields are competitive, with BNB and Kava offering an APY of 11% and 10% respectively. Finally, Trust Wallet is also a great option for storing NFTs.

Type of Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App?
Browser extension and mobile wallet (noncustodial) 4.5+ million digital assets Supports third-party debit/credit card purchases – fees built into the exchange rate. Token swaps are dependent on the DeFi app. Yes

Pros pros

  • Supports over 65 blockchain networks and 4.5 million digital assets
  • Noncustodial wallet where investors control their private keys
  • Earn interest on idle tokens without leaving the app
  • Access DeFi apps like PancakeSwap

Cons cons

  • Third-party debit/credit card purchases average 3-5%

16. Metamask – Leading Crypto Wallet Extension for Web Browsers

With more than 30 million users, Metamask is one of the most popular crypto wallets. Metamask offers noncustodial storage across its iOS and Android app. It also offers a browser extension for Chrome, Edge, and Firefox. There are no fees to pay when using Metamask, other than standard network charges for transferring crypto.

Metamask review

The Metamask wallet is particularly popular with beginners, as its interface is simple to navigate. By default, Metamask is initially only compatible with the Ethereum network. Users can, however, add Binance Smart Chain, Polygon, Avalanche, Optimism, and Arbitum manually. Metamask connects to many third-party DeFi apps, including AAVE, Uniswap, Maker, OpenSea, Compound, and Axie Infinity.

Type of Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App?
Browser extension and mobile wallet (noncustodial) All tokens on the following networks; Ethereum, Binance Smart Chain, Polygon, Avalanche, Optimism, and Arbitum Depends on third-party DeFi app Yes

Pros pros

  • Popular noncustodial wallet used by over 30 million people
  • User-friendly interface will appeal to beginners
  • Wide support for third-party DeFi apps
  • Choose from a mobile app or browser extension

Cons cons

  • Non-Ethereum networks need to be added manually

17. Crypto.com – Store, Buy, and Earn Crypto via a Single Wallet App

The Crypto.com app for iOS and Android offers a wide range of services. In addition to storing crypto, the app also supports trading, NFTs, and DeFi yields. Regarding the latter, users can earn interest on over 25 tokens, including ATOM, VVS, and CRO. Additional yields can be earned by connecting to a third-party DeFi app, such as Uniswap or AAVE. The Crypto.com app also enables users to swap more than 1,000 tokens without leaving the wallet interface.

Crypto.com review

This includes multiple blockchain networks, including Ethereum and Cosmos. The Crypto.com wallet is noncustodial, so users will need to keep their private keys safe. Crypto.com also offers a popular exchange that is used by over 80 million traders. Commissions are very competitive, starting at just 0.075%. Finally, Crypto.com also offers a noncustodial wallet for browser extensions and desktop software.

Type of Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App?
Browser extension, desktop software, and a mobile wallet (noncustodial) 1,000+ supported tokens can be stored. 250+ tokens can be traded via the exchange 2.99% debit/credit card fee. Fee-free UK bank account deposits. Commissions of up to 0.075%. Yes

Pros pros

  • Noncustodial wallet app, desktop software, and browser extension
  • Supports more than 1,000 tokens
  • Earn interest directly from the wallet interface
  • Connects to third-party DeFi apps

Cons cons

  • GBP deposits via debit/credit cards are charged 2.99%

18. Exodus – Established Crypto Wallet Provider With Support for Multiple Devices

Exodus is an established crypto wallet provider that was founded in 2015. Its wallet supports more than 260 tokens across multiple networks, including Bitcoin, Ethereum, Solana, and Binance Smart Chain. Another benefit of Exodus is that its wallet can be downloaded on several different device types. This includes Windows, Mac, and Linux for desktops and iOS and Android for mobile phones. There is also a browser extension for Chrome and Brave.

Exodus wallet review

Exodus is also compatible with Trezor, which is one of the best crypto hardware wallets. This enables users to store the tokens on Trezor but view balances via the Exodus app. We also like the portfolio dashboard offered by Exodus, which can display the real-time value of each token in GBP.  Exodus also connects to several third-party DeFi apps. This includes compatibility with Compound Finance, so Exodus users can earn interest on idle crypto investments. Finally, Exodus offers customer support on a 24/7 basis, but cannot help recover tokens if the wallet is compromised.

Type of Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App?
Browser extension, desktop, and mobile wallet  (noncustodial) 260+ Determined by third-party DeFi app Yes

Pros pros

  • Established crypto wallet that was launched in 2015
  • Available as desktop software, mobile app, and browser extension
  • Supports over 260+ tokens across multiple blockchains

Cons cons

  • Does not directly support crypto purchases
  • Limited number of DeFi apps supported

19. Electrum – One of the Oldest Bitcoin-Only Wallets in the Market

Launched in 2011, Electrum is one of the oldest crypto wallets in this space. Unlike the other wallets discussed so far, Electrum only supports Bitcoin. Electrum can be downloaded as desktop software for Windows, Mac, and Linux. There is also support for Android mobiles, but Electrum is not compatible with iOS. As a noncustodial wallet, Electrum does not have access to the user’s private keys.

Electrum review

Instead, the private keys are encrypted on the user’s device. Electrum also provides a secret phrase when setting up the wallet. This enables users to regain access to Electrum if the device is lost or stolen. Electrum also offers watch-only wallets. This allows users to keep their private keys offline at all times. Another feature offered by Electrum is multi-sig permissions. This requires multiple wallets to authorize a transaction before the funds are sent.

Type of Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App?
Desktop and mobile wallet  (noncustodial) 1 – Bitcoin N/A Yes – Android only

Pros pros

  • Trusted Bitcoin-only wallet that was launched in 2011
  • Private keys are encrypted – so only the user has access
  • Offers multi-sig technology for further security

Cons cons

  • Not available on iOS mobiles
  • No option to buy or sell crypto

20. iToken – Noncustodial Mobile Wallet Providing Access to Web3 Tools

iToken is a mobile wallet app backed by the popular Huobi exchange. The app is available for both iOS and Android devices and is used by over 10 million people. Best of all, iToken offers access to a wide range of web3 tools. For example, iToken supports most third-party DeFi apps, enabling users to earn interest via staking and savings accounts. Moreover, the iToken wallet is compatible with over 30 blockchain networks.

iToken wallet

This includes Ethereum, Binance Smart Chain, and Solana, meaning the wallet supports over one million tokens. In addition to NFTs, the iToken wallet also supports crypto trading services. The wallet connects to the primary Huobi exchange, which supports over 500+ tokens. Trading commissions are competitive at just 0.2% per slide. Moreover, via Huobi, the iToken wallet also supports debit/credit card deposits. Finally, iToken comes with 24/7 customer support.

Type of Wallet Number of Cryptos Fee for Buying Bitcoin Mobile App?
Mobile wallet  (noncustodial) 1+ million digital assets 0.2% trading commission. Additional fees apply when depositing GBP. Yes

Pros pros

  • New crypto wallet backed by the Huobi exchange
  • Access web3 tools like staking and savings accounts
  • Buy and sell over 500+ tokens with competitive commissions
  • Also supports NFT storage

Cons cons

  • Does not offer a browser extension

Top UK Crypto Wallets Compared

Top Crypto Wallets Type of wallet Custodial or Non-custodial Supported coins (number) Supported chains Markup fee (yes/no)
Best Wallet Mobile Wallet Non-custodial 100,000+ ERC20 and BNB Smart Chain Yes
Ledger Nano Hardware Wallet Non-custodial 5,500+ ALGO, Bitcoin, BNB Smart Chain, Ethereum +more Yes
Ellipal Titan Hardware Wallet Non-custodial 10,000+ ERC20, BNB Smart Chain, Fantom, XRP, Cardano +more Yes
Trezor Hardware Wallet Non-custodial 8,000+ Binance Smart Chain, Polygon, Avalanche, Cronos, ERC20 Yes
Ngrave Zero Hardware Wallet Non-custodial 20+ ERC20, MultiversX No
Blockstream Jade Hardware Wallet Non-custodial 1 Bitcoin Yes
Bitbox Hardware Wallet Non-custodial 1,500+ ERC20, BNB Smart Chain, Polychain, Fantom +more Yes
SafePal Hardware Wallet Non-custodial 10,000+ ERC20, EOS, Binance Smart Chain, NEO, Stellar Lumens + more Yes
SecuX Hardware Wallet Non-custodial 1,000+ ERC20, Solana, Polygon, BNB Smart Chain, and Bitcoin No
CoolWallet Hardware Wallet Non-custodial 12,000+ ERC20, Polygon, Tron, Polkadot, Solana + more Yes

What is a Cryptocurrency Wallet?

While pounds and dollars are deposited into bank accounts, crypto assets are stored in wallets. There are many different types of wallets to choose from across multiple devices. For example, while some investors in the UK prefer storing their crypto on a mobile app, others opt for desktop software.

It is also possible to store crypto in a hardware wallet. Unlike other wallet types, this is a physical device that stores crypto offline. Another metric to consider when searching for the best crypto wallet in the UK is custodianship. For instance, when opting for a custodial wallet, this means that the crypto is safeguarded by a third party.

Alternatively, noncustodial wallets like the Best Wallet offer full control over the stored crypto. This is because the private keys are only known by the wallet owner, rather than a third party. Some crypto wallets also come with additional functionality.

For example, the Best Wallet enables users to buy and sell crypto with a card, trade tokens from multiple blockchains, and even trade NFTs. OKX also offers plenty of features, including crypto savings accounts, loans, and other DeFi services. Ultimately, choosing the best crypto wallet in the UK requires investors to consider a wide range of factors.

Read on for more information on how crypto wallets work.

How do Bitcoin Wallets Work?

The easiest comparison to make when learning about crypto wallets is with a standard current account. For example, current accounts in the UK enable people to store money. This is also the case with a crypto wallet, but for storing digital assets like Bitcoin.

Furthermore, currency accounts enable people to receive money. This is achieved by providing the current account number and sort code. This information can safely be provided to others, as it is simply a means for receiving deposits.

What are Bitcoin wallets?

Similarly, this is also how crypto wallets work. But instead of an account number and sort code, crypto wallets have a ‘public address’.

Public Addresses

Each public address is unique to the specific wallet. Moreover, most public addresses are between 26 and 35 alphanumeric characters.

Here’s an example of a Bitcoin public address:

34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo

The above public address belongs to the Binance exchange. Due to the transparency of the Bitcoin blockchain, we can see that Binance’s wallet holds nearly $7 billion worth of BTC tokens.

This means that when giving someone a public address, they can view how much crypto is being stored. This isn’t possible when having access to a current account number and sort code. As such, investors in the UK should only share their public addresses when necessary.

Private Keys

Now that we have established that public addresses enable a wallet to receive crypto, we now need to discuss ‘private keys’. Back to our current account comparison, private keys are similar to online banking passwords.

This is because in order to transfer funds to another person online, the current account owner must enter their password credentials. If somebody else knows the password, they can log in to the account and make an unauthorized transfer.

This is much the same as how private keys work in a crypto wallet. That is to say, private keys enable the user to access the wallet and transfer crypto to another public address. If unauthorized access happens, the transaction cannot be reversed.

Nor can the wallet provider help recover the tokens, as blockchain transactions are immutable. As such, it is crucial that the wallet’s private keys are never shared with anyone.

Private keys are even longer than public addresses. For instance, Bitcoin private keys are 64 characters, covering both letters and numbers. This is why the best Bitcoin wallets in the UK support ‘backup phrases’.

Backup Phrases

Instead of needing to enter a long string of 64 characters, private keys can be represented by a backup phrase. This will vary depending on the wallet provider but is commonly 12 words.

The 12 words must be entered in the correct order to access the wallet. This is why users are advised to write down the backup phrase when setting the wallet up and keeping it somewhere safe.

Fortunately, the backup phrase is only required if the user forgets their wallet login details. This is usually just a PIN or a standard password.

Furthermore, the backup phrase will enable the user to recover the wallet if the device is lost or stolen. In this instance, the user can download another wallet and enter the backup phrase. The user can then transfer the tokens to another wallet address.

Why You Need a Crypto Wallet

There are several reasons why wallets are required when getting into crypto.

This includes:

Storage

Crypto tokens are stored on the blockchain. But in order to communicate with the blockchain, a wallet is required. As such, wallets enable users to safely store their tokens remotely.

Investors can choose from a custodial or noncustodial wallet, depending on the level of control sought.

Viewing Balances

Crypto wallets are also useful for checking the value of an investment. This is because the best crypto wallets in the UK display balances based on real-time prices.

For example, let’s say the investor buys Bitcoin at £20,000 and it’s now trading at £30,000. If the original investment was £1,000 – the wallet would now show a value of £1,500.

Receiving Crypto

As noted above, UK crypto wallets enable users to receive tokens from an external source.

This requires the user to send their wallet’s public address to the sender. Depending on the blockchain, the tokens will arrive in the wallet in a matter of minutes.

Sending Crypto

Similarly, a wallet is also required to send crypto to another person. In this instance, the sender needs to enter the public address of the receiver’s wallet.

Types of Crypto Wallets

In this section, we cover the main types of UK crypto wallet options in the market.

Software Wallets

Software wallets enable users to store, send, and receive crypto remotely. There are multiple options in this regard. First, some wallets can be downloaded as desktop software. Support is often provided for Windows, Mac, and Linux.

The more popular option is to download a wallet app for iOS or Android. This is because the user can check their crypto investments on the move, simply by opening the app.

Both desktop and mobile wallets come with various safety nets, but this will vary depending on the provider. For example, some wallets offer two-factor authentication, while others come with multi-sig permissions.

Additionally, web wallets are also software-based and usually backed by crypto exchanges or brokers. This can be a convenient option when choosing the right provider.

Finally, some software wallet providers offer a browser extension for Chrome and Firefox. This enables users to send, receive, and store their tokens via a laptop device.

Hardware Wallets

The safest option when storing large amounts of crypto is to opt for a hardware wallet. The crypto will be stored in a physical device that remains offline at all times.

Ledger Nano Plus

The two leading hardware wallet providers are Ledger Nano and Trezor, which we reviewed earlier.

Here’s how a crypto hardware wallet works:

  • After purchasing the hardware wallet, the user will need to choose a PIN
  • The PIN needs to be entered whenever the user wishes to send crypto to another public address
  • The user will also need to write down their backup phrase
  • This is used to recover the wallet if the device is lost, stolen, or damaged

While hardware wallets are secure, they are far from convenient. After all, the only way to send funds is to have access to the device, as the PIN needs to be entered for authorization.

Nonetheless, Ledger Nano or Trezor could be the best Bitcoin wallet for UK investors that have a serious amount of money invested.

Paper Wallets

Paper wallets offer even less functionality but unlike Ledger Nano and Trezor – are free to operate.

  • Put simply, the user will generate a random wallet address and private key.
  • Next, the user can transfer the tokens to the wallet address.
  • Finally, this information will be printed and safely stored.

The user will need to manually import the private wallet to another wallet should they wish to access the funds.

On the one hand, paper wallets are ultra-secure, as there is never a connection to the internet. However, if the paper is lost or damaged, access to the wallet is impossible. In this instance, the crypto funds are lost forever.

How to Pick a Crypto Wallet

Still not sure how to select the best crypto wallet for UK investors?

Follow the checklist below to get started with a suitable UK Bitcoin wallet today:

Custodianship

First, consider whether the crypto wallet offers custodial or noncustodial storage.

  • Users that wish to take full control over their private keys should opt for a noncustodial wallet.
  • A custodial wallet, on the other hand, is safeguarded by a third party, such as an exchange or broker.

Neither option supersedes the other, as it all depends on the preference and experience of the crypto investor.

Wallet Type

After choosing between a custodial or noncustodial wallet, consider the preferred device type.

As noted above, options include:

  • Mobile wallet app
  • Desktop software
  • Browser extension
  • Web wallet
  • Paper wallet
  • Hardware wallet

Each wallet type comes with its own balance of security, convenience, and features. Scroll back up to review how each wallet type works.

Supported Blockchain Networks

When choosing the best crypto wallet for UK traders, consider what blockchain networks it supports.

For example, if the wallet supports the Ethereum network, then it will likely store all ERC-20 tokens. Similarly, if the Binance Smart Chain is supported, it will accept all BSC tokens.

Fees

The best crypto wallets in the UK are usually free to download, install, and maintain.

However, fees will need to be charged when sending crypto tokens to another wallet address.

In this regard, make sure that the wallet provider does not charge a mark-up. Instead, the fee should mirror what the blockchain network is currently quoting.

Exchange Features

The best crypto wallets in the UK double up as an exchange. For example, the Best Wallet enables users to buy and sell cryptocurrencies on the Ethereum, Polygon and BNB blockchains.

best wallet

This makes it super convenient to invest and store crypto via the same platform.

DeFi Tools

We also came across crypto wallets that support DeFi tools. For example, the OKX wallet enables users to earn interest on idle crypto tokens.

Several options are available, including crypto savings accounts and staking. The OKX wallet also enables users to connect to third-party DeFi apps, such as Uniswap and 1Inch.

Security

Top crypto wallets in the UK offer a range of security features.

This may include the following:

  • Cold storage of client digital assets of at least 95% (custodian-only)
  • Two-factor authentication
  • IP address and device whitelisting
  • Multi-sig permissions
  • KYC
  • Withdrawal timelocks
  • Regulation

The more secure features a wallet offers, the better.

User Experience

UK investors should also ensure that they are choosing a crypto wallet that aligns with their skill set.

For example, those buying crypto for the very first time will likely be more suited for a custodian wallet. Seasoned traders, however, might prefer a noncustodial wallet that comes with advanced security protocols.

As noted above, most crypto wallets are free to download and install. This enables users to try the wallet out before transferring any crypto.

How to Get a Cryptocurrency Wallet in the UK

In this section, we explain how to set up the best crypto wallet in the UK for 2024 – Best Wallet.

Step 1: Download Best Wallet

Visit the App Store or the Google Play store, depending on your device, to download the Best Wallet.

best wallet app store

Step 2: Open the Best Wallet App

Verify your email address first and choose whether to secure your account with two-factor authentication. This improves your wallet security, but you can opt out of it if you don’t want to set it up.

best wallet 2fa

You have to set up a four-digit password, though. If your phone supports biometrics, you can enable it for the next time you log in.

Step 3: Create a Wallet

Once you set up the security features, create your wallet. Your main wallet is on the Ethereum blockchain. You can name it however you want, say “Meme coin wallet” or “NFT wallet” and select a background. This can help you quickly identify each wallet at a glance.

Click “Continue” to finish setting up your wallet.

best wallet main wallet

Step 4: Use Your Best Wallet

Buy crypto with a credit card, send and receive coins and tokens, you can do it all now. Note, by actively using the wallet, you are eligible for the $BEST token airdrop when the time comes.

best wallet homescreen

Are UK Bitcoin Wallets Safe?

Whether or not a Bitcoin wallet is safe depends on various factors. This is why it is important to research the credentials of a wallet provider before depositing any crypto.

Here’s what to consider when evaluating the safety of a crypto wallet:

Noncustodial Wallets

The first point to consider is who has custodianship over the crypto tokens.

If using a noncustodial wallet, then the user must take full responsibility for the safety of their crypto. This is because the wallet is always at risk of being compromised by a remote hacking attempt.

  • Hackers are becoming more and more sophisticated, so it is crucial to choose a noncustodial wallet that comes with sufficient security controls.
  • For example, two-factor authentication requires an additional device to authorize access to the wallet.
  • This is usually via an SMS code sent to a mobile phone.
  • In this instance, a hacker would find it difficult to access the wallet without the required code.

With that said, if a hacker has access to the private key (or backup phrase), two-factor authentication will be of little use. This is why it is also imperative to keep the private key offline and stored somewhere safe. If the private key is stored in an email or notepad file, it is vulnerable to a remote hack.

Another security feature to look for when using a noncustodial wallet is multi-sig permissions. Put simply, this requires more than two wallets to authorize an outgoing transaction. For example, the user might have one wallet on a desktop device and another on their mobile phone.

Custodial Wallets

When using a custodial wallet, a third party is responsible for safeguarding the tokens. This option will suit beginners that do not feel comfortable taking responsibility for their own private keys. However, choosing the right custodian is crucial.

This has never been more important after the recent collapse of the FTX exchange, which owns customers several billion dollars worth of crypto.

UK investors should also consider whether IP address and device whitelisting are offered by the wallet provider. For example, if a login attempt comes from a new laptop or mobile phone, additional authorization will be required.

Conclusion

Crypto wallets enable UK investors to store, send, and receive tokens. While many options exist, choosing a secure wallet is crucial to ensure the crypto investment remains safe and away from hackers.

Best Wallet offers the best crypto wallet in the UK due to its multi-chain swapping features, it’s NFT gallery, simplified portfolio management and buying crypto with a card. This enables UK investors to buy and sell crypto without leaving the wallet interface.

FAQs

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Kane Pepi

Kane Pepi is an accomplished financial and cryptocurrency writer who has an extensive portfolio of over 2,000 articles, guides, and market insights. With his expertise in specialized subjects such as asset valuation and analysis, portfolio management, and financial crime prevention, Kane has built a reputation for providing clear explanations of complex financial topics. He holds a Bachelor's Degree in Finance and a Master's Degree in Financial Crime, and is currently pursuing his Doctorate degree, which focuses on investigating the complexities of money laundering in the cryptocurrency and blockchain technology sectors. Kane's wealth of knowledge and experience in the field make…