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Thadeus Geodfrey is an experienced and celebrated writer and self-taught trader specialising in cryptocurrencies and forex. Market analysis, identifying fraudulent brokers, and security are his cup of tea. At BrokerRaters Thadeus develops educational materials and user-guides, offer market insights, ensures our content conforms to the best standards. Join Thadeus to succeed in your trading endeavours.
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Millions of Brits have invested in cryptocurrencies. And many of these people are earning substantial returns from active crypto trading. That brings us to a crucial question: would you like to trade crypto and bolster your current income? You’ll need several things, from sufficient knowledge to access to a good exchange and a secure digital wallet. Today, we’ll focus on the last element.
A secure wallet is vital in keeping your crypto assets safe. In an era where cybercriminals steal billions in crypto, using a digital wallet that guarantees the security of your assets is paramount. But how can you find a secure and reliable solution when so many sub-standard products are available? It’s easy. Just read our guide and choose a wallet that meets your expectations. In other words, our guide will help you pick the best crypto wallet UK.
Below, we’ve reviewed outstanding crypto wallets accessible to Brits. Our experts chose these products after spending countless days gauging different products using a plethora of factors, from security to pricing and reputation.
List of the Best Crypto Wallets
- Crypto.com – Overall Best Crypto Wallet UK
- eToro Money – Best for Integrated Trading and Wallet Experience UK
- Kraken – Best for Security-Conscious UK Traders
- Coinbase – Best for Active Crypto Traders in the UK
- Exodus – Best UK Wallet for Multi-Currency Management
In This Guide
UK Crypto Wallets: Comparison Table
As a crypto enthusiast, you need a failproof crypto wallet to protect your assets from theft and other pertinent issues. And we get why that’s crucial. In the first half of 2024 alone, cybercriminals stole crypto worth approximately $1.38 billion. Moreover, millions of crypto assets are considered lost forever, courtesy of many issues, including lost keys and poorly designed wallets. To avoid facing the same ill fate plaguing thousands of investors and enthusiasts, you must store your crypto in a safe and reliable wallet.
Today, our sole objective is to link you with the safest and most reliable crypto wallets. To do that, our team had to dedicate hundreds of hours to vetting and testing the products accessible to Brits. Numerous factors helped us scrutinise service providers and filter premier wallets. They include wallet type, pricing, supported coins, and customer service. Let’s begin with a brief comparison of the best crypto wallets in the UK.
| Best Crypto Wallet | Wallet Type | Support Service | Price | Supported Coins | Hardware Wallet Supported |
|---|---|---|---|---|---|
| Crypto.com | Non-custodial | 24/7 | Free | 1,000+ tokens, 30+ blockchains | Yes |
| eToro Money | Custodial | 24/5 | Free | BTC, Bitcoin Cash, Stellar, Cardano, Tron, ETH, XRP, Litecoin | Yes |
| Kraken | Non-custodial | 24/7 | Free | 2,000+ | No |
| Coinbase | Non-custodial | 24/7 | Free | 2,000+ | Yes |
| Exodus | Non-custodial | 24/7 | Free | 1000s of cryptos on 50+ networks | Yes |
Wallets Short Overview
Our guide would do you no good if we omitted each of the best crypto wallet’s fees and assets. Why is that so? You must compare different products’ fees and identify the most affordable solution to prevent high expenses from undercutting your returns. Furthermore, you must find a wallet that supports your favourite crypto assets; otherwise, what’s the point?
Proceed to the following sections for an overview of the fees and assets we discovered while evaluating the best crypto wallets in the UK.
Fees
| Best Crypto Wallet | Fees | Minimum Deposit Requirement |
|---|---|---|
| Crypto.com | Yes | None |
| eToro Money | $1-$100 fee for transferring crypto from the exchange to the wallet | From 0.007195 BTC |
| Kraken | None | From 0.0001 BTC |
| Coinbase | None | None |
| Exodus | None | From 10 XRP |
Assets
| Best Crypto Wallet | Bitcoin | Ethereum | Litecoin | Ripple | Tether | Solana |
|---|---|---|---|---|---|---|
| Crypto.com | Yes | Yes | Yes | Yes | Yes | Yes |
| eToro Money | Yes | Yes | Yes | Yes | Yes | Yes |
| Kraken | Yes | Yes | Yes | Yes | Yes | Yes |
| Coinbase | Yes | Yes | Yes | Yes | Yes | Yes |
| Exodus | Yes | Yes | Yes | Yes | Yes | Yes |
Our Expert Opinion about Crypto Wallets in the UK
A group of seasoned experts has categorised the crypto wallets we are about to review as the best in the UK. Before doing that, our gurus did extensive research and evaluated innumerable products. Rest assured, our opinions and recommendations in this guide are provided by experts and are 100% factual.
1. Crypto.com – Overall Best Crypto Wallet UK
Our top choice today is Crypto.com, a wallet offered by a multi-licensed, premier crypto company. It’s user-friendly, with a clean interface and intuitive features. Crypto enthusiasts of every level, from beginners to seasoned pros, can use it without being bogged down by too many complexities. If you are searching for a wallet that lets you send, receive, and manage digital assets effortlessly, here’s your godsend solution.
Crypto.com isn’t your average crypto wallet. For starters, since it’s self-custodial, it puts you in the driver’s seat when it comes to managing your keys and assets. Moreover, with it, you can do more than keep your crypto safe. For instance, you can swap hundreds of tokens across popular chains like Ethereum, Cosmos, and Cronos. Additionally, the wallet gives you the opportunity to earn rebates on multiple tokens, browse dApps, and manage NFTs.
Let’s expound on two of the most critical aspects regarding Crypto.com: supported assets and earning opportunities. This wallet’s users can store, manage, and swap over 1,000 crypto assets. Moreover, you can stake any of the 25+ supported tokens while using this product and earn juicy rebates.
Finally, this wallet is linked to a company that offers a wide variety of additional products and services. These include a top-tier trading platform, a Prime platform for building generational wealth, and Crypto.com Pay, designed to make it easier for cryptocurrency owners to purchase goods and services with crypto. Check them out.
Crypto.com DeFi Wallet
✔Decentralized wallet
✔Over 25 tokens
Pros & Cons
Fees
Trading Assets
Pros
- User-friendly interface optimised for novices and veterans
- No unnecessary fees and charges
- Supports swapping over 1,000 digital assets
- Users can earn passive income from staking rebates
- Backed by a reputable exchange
- Its provider offers other amazing products and services, including a proprietary debit card and a credible exchange platform
Cons
- Limited support channels
- Thin selection of learning materials
The Crypto.com wallet is free, so you don’t have to worry about spending your hard-earned money on subscription fees and similar charges. That said, while using this wallet, you may be subject to transaction fees, swap fees, and other costs. They often vary from time to time, so we highly encourage you to review the company’s terms and conditions and stay on top of all arising developments.
2. eToro Money – Best for Integrated Trading and Wallet Experience UK
eToro Money has snatched the position for the best product for integrated trading and wallet experience fair and square. Here’s why. eToro Money is a platform that combines both trading and wallet functionalities. With it, you can seamlessly manage your crypto and trade without the need to switch between two different apps or platforms. In other words, eToro Money allows you to trade, invest, and manage your crypto holdings conveniently from one place.
You may have noticed that the eToro Money wallet falls short compared to its peers in terms of the range of supported assets. We concede that the company could do better and embrace more products in the future. That said, we applaud this wallet’s support for the most popular digital assets, including Bitcoin, Cardano, and Bitcoin Cash.
We highly recommend this wallet to both newbies and maestros because it has a simple, friendly user interface. Moreover, it’s provided by a company that’s maintained a stellar reputation for many years. Rest assured that this product is top-quality, secure, and reliable.
Besides, while using this crypto wallet, you can visit the company’s trading platform and explore available products. You’ll find everything there, from stocks and ETFs to forex pairs and commodities. These products will help you mitigate the financial risk that comes with investing in highly-volatile crypto assets, making the eToro Money Bitcoin wallet an excellent choice for those looking to diversify their investments.
eToro Wallet
✔Unlosable wallet recovery key
✔Supports Android and iOS devices
Pros & Cons
Fees
Trading Assets
Pros
- Intuitive, simple-to-navigate interface
- Excellent customer support service
- All-in-one trading platform and wallet
- Crypto enthusiasts can also trade and invest in other assets
- Top-tier educational resources
Cons
- The product range is scanty
- 2% coin transfer fee
The eToro wallet allows you to receive or send digital assets to other wallets for free. We consider this to be one of its fortes. And if you’re a high-volume user, you can send or receive up to $50,0000 per transaction and $200,000 per day.
That said, there’s a transfer fee when you move cryptocurrencies from eToro’s trading platform to your wallet. Your position determines the exact amount to be deducted. There’s usually a maximum transferable amount for voluminous transfers.
- Asset transfer charge: 2% of the transaction size
- Minimum charge: $1 (in units)
- Maximum charge: $100 (in units)
Our experts compiled the following table detailing the wallet’s transfer fees for common digital coins:
| Crypto | Minimum position (units) | Fee | Minimum charge | Maximum charge |
|---|---|---|---|---|
| Bitcoin (BTC) | 0.007195 | 2%/td> | $1 | $100 |
| Litecoin (LTC) | 0.6 | 2% | $1 | $100 |
| Bitcoin Cash (BCH) | 0.6 | 2% | $1 | $100 |
| Ethereum (ETH) | 0.107588 | 2% | $1 | $100 |
| XRP (XRP) | 120 | 2% | $1 | $100 |
| Stellar (XLM) | 600 | 2% | $1 | $100 |
| Tron (TRX) | 750 | 2% | $1 | $100 |
| Cardano (ADA) | 150 | 2% | $1 | $100 |
eToro also charges a blockchain fee. This charge goes to network miners who confirm, validate, and add transactions to the right ledgers. You’ll get an estimate of the blockchain cut once you confirm the transfer.
The system usually debits these charges from your balance in the same digital currency you’re moving. For instance, if you’re transferring Ethereum, your balance should have enough to cover the amount you’re moving, plus all associated charges.
3. Kraken – Best Crypto Wallet for Security-Conscious UK Traders
Kraken employs state-of-the-art standards and protocols to ensure its users enjoy unmatched security. For starters, the wallet’s design gives users complete control. If cybercriminals get unauthorised access to the broader Kraken exchange and ecosystem, your assets and keys will remain safe since they aren’t tied to the company’s resources. Moreover, if you lose your Kraken wallet login credentials, you can use the provided recovery phrase to restore your wallet and access what would otherwise turn into lost crypto.
Kraken’s security architecture is optimised to address various aspects. For instance, it is designed to generate high-entropy private keys that are harder to guess or compromise through brute-force attacks. Moreover, the wallet’s system uses tried-and-tested cryptography to encrypt the user’s private keys and take security to the next level.
If you have reservations about this wallet’s security, the good news is that you can test the waters before diving in. Kraken is an open-source product. If you are a guru, you can inspect this product’s code and try to crack the system before entrusting it with your assets. Note that the Kraken exchange itself has never been breached, so expect the company’s wallet to be as invulnerable as a crypto wallet can be.
Other protocols that Kraken uses to enhance security include password and lockout mechanisms. Before using this wallet, you must set a strong password that won’t be kept on any device. You’ll have to key it in manually whenever you need to use the wallet. The password prevents malicious entities from stealing your crypto. If anyone tries to gain unauthorised access to your crypto with incorrect passwords, the wallet’s lockout mechanism will trigger delays and keep them at bay.
Kraken
✔245+ available crypto
✔Simple user interface
Pros & Cons
Fees
Trading Assets
Pros
- Employs industry-leading security measures, standards, and protocols
- Backed by an exchange that’s never been breached
- Supports thousands of crypto assets
- Easy to familiarise with and use
- Provides 24/7 customer support
Cons
- Few advanced educational materials
- Limited functionality
Fees are a bone of contention with Kraken because while some praise the platform’s affordability, lenient fees are mostly available to pro users and high-volume traders. For instance, individuals with a 30-day trading volume can enjoysuper-low maker fees starting from 0.00%. On the other hand, the maker/taker fees for low-volume traders can go as high 0.25%/0.4%. We’ve outlined some of the fees that our gurus unearthed while evaluating Kraken in the table below.
| Fees and Charges | Details |
|---|---|
| Maker/taker fees | From 0.00%/0.10% |
| Margin trading fees | Between 0.01% and 0.02% |
| Rollover fee | Up to 0.02% (per 4 hours) |
| Instant buy fees | Yes |
| Account inactivity fees | No |
| Minimum deposit requirement | 0.00001 BTC |
4. Coinbase – Best Wallet for Active Crypto Traders in the UK
If you trade cryptocurrencies frequently and are focused on profiting from short-term asset price fluctuations, your go-to wallet should be Coinbase. It supports an unmatched variety of cryptos, totalling tens of thousands of coins. These include the most popular digital assets today, such as Bitcoin, Dogecoin, and Solana.
Despite being a powerhouse designed to let you manage countless cryptos, Coinbase has a simple interface. It’s more straightforward and user-friendly than many alternatives in the same league. The highly intuitive interface ensures users aren’t overwhelmed and are in the best position to act fast on market trends before opportunities drift away.
Don’t let the Coinbase wallet’s simple interface fool you. This impressive product offers numerous pro-level tools and functionalities, including superior price charts and trade execution features. When it comes to security, it employs top-notch cryptographic technologies, among other measures and protocols.
We also endorse Coinbase because it allows users to access and explore the decentralised web from their PC browsers or mobile phones. To most active traders, the decentralised web is incredibly useful since it guarantees uncapped privacy and anonymity and allows savvy individuals to access the most reliable decentralised exchanges today.
Pros & Cons
Fees
Trading Assets
Pros
- User-friendly, intuitive interface
- Supports tens of thousands of coins
- Users have complete control over their keys and coins
- Offers seamless access to the decentralised web
- Free transfers are supported
- Connects seamlessly with the Coinbase exchange
Cons
- Assets worth $100+ have high recovery fees
- Since it’s self-custodial, recovery can be a nightmare
Coinbase doesn’t have a fixed minimum deposit requirement, which should be terrific news to people working with a limited budget. Moreover, the exchange covers transaction charges on behalf of its clients, so you don’t have to worry about additional costs while topping up your Coinbase account. To make everything better, the company allows its users to send crypto to other Coinbase users free of charge.
That said, our experts discovered numerous fees and charges while researching and evaluating Coinbase. For starters, the company charges a 0.1%C Lighting Network fee as well as variable exchange fees that depend on numerous factors, including market conditions, order size, and the involved payment method. Coinbase users who require asset recovery services are also subject to network and recovery fees.
Let’s review some of the fees and charges that you might encounter while trading with Coinbase:
| Fees and Charges | Details |
|---|---|
| Minimum deposit | None |
| Fiat deposit fees | $10 (wire), €0.15 (SEPA) |
| Fiat withdrawal fees | $25 (wire), £1 (SEPA) |
| Crypto transfer fee | None |
| Exchange fees | From 5bps/0bps taker/maker fees |
| Lightning Network fee | 0.1% |
| Staking commission | From 25% |
5. Exodus – Best UK Wallet for Multi-Currency Management
Exodus is one of the most reputable and trusted crypto wallets today for excellent reasons. First and foremost, it supports an unmatched selection of crypto assets. Acquire it today and get the opportunity to swap between thousands of assets and connect to over 50 networks. The best part is that you can easily swap your favourite coins and tokens with two simple taps.
We also consider Exodus an exceptional product since the wallet’s users can buy crypto with local currencies like GBP. By signing up with it today, you’ll get the chance to acquire crypto and pay using your bank account, Google Pay, Apple Pay, or credit/debit cards. You can do that and more without leaving the wallet.
Not to mention, Exodus allows its users to stake crypto and earn significant rewards. With this product, you can also launch one gallery and use it to build and showcase your impressive collection of multichain NFTs. Last but not least, as an Exodus user, you’ll have the opportunity to import unlimited custom tokens, seek help from human agents at any hour of the day or night, and enhance the safety of your assets by integrating this wallet with Trezor, one of the most secure hardware wallets today.
Pros & Cons
Pros
- Allows users to swap 1000s of assets
- No hidden fees
- Integrates with Trezor
- Supports buying crypto with local currencies
- Spectacular features for pros
Cons
- Limited support channels
- Scarce educational resources
Crypto Trading in the UK
Crypto has been legal in the UK for many years. If you haven’t cashed in on this venture, now is the best time. Why? Unlike the olden days when the scene was highly unregulated, consumers are now protected by the FCA and other regulatory bodies. Moreover, crypto enthusiasts now have access to powerful trading platforms as well as highly secure wallets like the ones recommended by our gurus.
How to Start Crypto Trading in the UK?
Are you new to crypto trading? The guide below will help you get started:
Step 1: Educate yourself
Step 2: Find a reputable exchange
Step 3: Pick a secure wallet
Step 4: Start trading
Before dabbling in crypto, learn the basics. Go online and devour materials addressing fundamental topics like how cryptocurrencies and blockchain technologies work. Test your knowledge with crypto quizzes and ensure you are familiar with every crucial topic. Then, study the intricacies of crypto trading, from strategies to research and analysis. Don’t leave any stone unturned.
Find an FCA-regulated, reputable exchange and open your account. Provide all mandatory details and enhance security with everything you can find, from 2FA to biometric authentication. After completing this process, top up your account or link a payment method, depending on your preferences and your chosen service provider’s stipulations.
Choose a reliable crypto wallet from the brands reviewed in our guide. While doing so, factor in all indispensable aspects, from support for your favourite digital assets to fees and online reputation. Use the wallet to store crypto assets you may acquire along the way.
While trading crypto on your chosen exchange, be cautious and avoid greed, which will likely lure you into taking unnecessary risks. Ensure you have clear goals and strategies. Also, define every session’s maximum profit and loss limits and stick to them.
How to Store Your Crypto with a Wallet?
Storing digital assets with your chosen wallet should be easy. After downloading and setting up the app or software, copy its public address and use it to load your wallet with crypto from other wallets and exchanges. To avoid costly errors, double-check the address before initiating each transfer.
How to Choose the Best Crypto Wallet UK
We’ve only listed 5 crypto wallets that are the best in the UK. But hundreds of products are available besides the ones recommended by our gurus. Unfortunately, fraudsters and scammers have fabricated some of the available items. To avoid losing valuable assets, factor in the following while choosing the best wallet for your trading and investment needs:
Type of Wallet
Security Features
Supported Crypto
User Experience
Fees
Reputation
Depending on your preferences, you can use a mobile, desktop, or web wallet. But before downloading a specific wallet, check if it’s custodial or non-custodial. Then, based on what you need, make your decision.
A crypto wallet must have industry-standard security features and protocols to ward off criminals and protect your assets. Good examples include excellent encryption technologies and two-factor authentication.
Before committing to a specific crypto wallet, assess its support for your favourite crypto assets. Although many outstanding products are multi-currency, some are dedicated exclusively to specific tokens and coins.
We urge our readers, especially beginners and intermediate traders, to choose wallets with user-friendly interfaces. If you are a seasoned veteran, choose any reputable product with advanced features and functionalities guaranteed to help you thrive.
Before using a crypto wallet, review its fees. Some service providers have zero charges, and others require users to cover transfer fees, withdrawal fees, maintenance fees, etc. Avoid wallets that are too expensive since they will undercut your returns in the long run.
Research and review every wallet’s reputation before putting your funds and assets on the line. Visit popular crypto communities, Google Play, the App Store, Trustpilot, etc. Read most, if not all, of the testimonials and reviews on these platforms before taking the final step.
Crypto Trading Risks for UK Traders
Many individuals are reaping heavily from trading crypto in the UK. But that doesn’t mean you’ll enjoy smooth sailing whenever you trade cryptos. The chances are high you’ll have your fair share of ups and downs since, despite its promising returns, crypto trading carries multiple risks, including:
- Volatility risk: Cryptos are undeniably extremely volatile. While trading these digital products, prices can change within the blink of an eye, causing either juicy profits or massive losses.
- Regulatory risk: The FCA is doing its best to protect consumers, but the UK’s crypto regulation landscaping is still evolving and finding its feet. Consequently, the chances are high that you’ll be bombarded by unexpected restrictions and regulatory mandates at least once.
- Security risks: Owning and trading crypto will likely put you in the crosshairs of cybercriminals. All sorts of fraudsters and scammers will likely do all they can to gain unauthorised access to your wallet and steal your assets.
- Technical risks: Like other software, crypto wallets and crypto exchanges are susceptible to technical issues. These can negatively impact your trading experience and cause missed opportunities.
Conclusion
Before making any trades, ensure you have sufficient knowledge and are ready to incur significant losses. Also, you should set clear goals and strict rules and adhere to them. Once you start, avoid putting all your money in one asset; diversify your portfolio with as many products as possible to avoid losing everything. Most importantly, use one of the secure wallets we’ve recommended to keep your crypto safe from malicious entities like cybercriminals.
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