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Numerous Bitcoin wallets are available in the UK. However, there are many low-quality products with deplorable security standards. Make your choice wisely. Bitcoin and other crypto wallets are prime targets for hackers. Always go with solutions that guarantee the safety of your assets. Also, while identifying the best Bitcoin wallet, consider online reputation, fees, other supported assets, and other crucial factors. Our team has reviewed many Bitcoin wallets, sampled them, and picked five exceptional products.
Digital currencies have become incredibly popular in the UK in recent years. This trend led to a spike in crypto theft. In the first half of 2024 alone, hackers stole over £1.4 billion worth of crypto. Keeping your Bitcoin safe with an excellent wallet has become more important than ever.
Since many products are available today, selecting the best Bitcoin wallet for UK users is an uphill task, especially for new traders and investors. Fortunately, we’ve done the heavy lifting on your behalf by evaluating numerous BTC wallets and picking 5 of the best. We considered factors like regulatory status, costs and online reputation. Our goal is to provide unbiased, informative reviews.
List of the Best Bitcoin Wallets UK
- Coinbase – Best Overall Bitcoin Wallet in the UK
- Kraken – Best Bitcoin Wallet for Mobile Users in the UK
- eToro Money – Best for Beginners in the UK
- Exodus – Best for Wallet for Staking Crypto in the UK
- Crypto.com – Best Waller for DeFi Services
In This Guide
UK Bitcoin Wallets: Comparison Table
We have reviewed and tested numerous crypto wallets in the UK. Our team of experts compared the top choices based on the cost, wallet type, customer service, and supported coins. We aimed to identify five wallets that excel in key features for smooth trading.
After many hours of research and hard work, we discovered the following Bitcoin wallets. The comparison table below can help you find the ideal wallet.
| Best Bitcoin Wallet | Wallet Type | Support Service | Price | Supported Coins | Hardware Wallet |
|---|---|---|---|---|---|
| Coinbase | Self-custody wallet | 24/7 | Free | 1000+ | Yes |
| Kraken | Non-custodial wallet | 24/7 | Free | 2000+ | Yes |
| eToro Money | Cold or Hot | 24/5 | Free | 100+ | Yes |
| Exodus | Self-custody wallet | 24/7 | Free | 250+ | Yes |
| Crypto.com | Non-custodial wallet | 24/7 | Free | 1000+ | Yes |
Wallet Overview
Do you know that fees and minimum deposits of a crypto wallet can impact your experience and profits? We evaluated the best Bitcoin wallets in the UK based on these factors. The selected ones have fair costs and minimum deposit requirements, as shown in the table below.
Fees
| Best Bitcoin Wallet | Fees | Minimum Deposit Requirement |
|---|---|---|
| Coinbase | 0.50% conversion fee | None |
| Kraken | £0 | 0.0001 BTC |
| eToro Money | 2% coin transfer fee | None |
| Exodus | £0 | None |
| Crypto.com | £0 | None |
Assets
| Best Bitcoin Wallet | Bitcoin | Ethereum | Litecoin | Ripple | Dash | Tether | Solana |
|---|---|---|---|---|---|---|---|
| Coinbase | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Kraken | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| eToro Money | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Exodus | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Crypto.com | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Our Expert’s Opinion about the Best Bitcoin Wallets UK
Bitcoin wallets in the UK are available in their numbers. This makes it harder for traders investors to make the right choice. To make things easier fo you, we thoroughly researched some of the best Bitcoin wallets in the UK. Now, you can skip the daunting task and take your pick from our list of recommended products.
Please read each review carefully and assess the Bitcoin wallets mentioned here before making a decision. It’s important to compare them to find the one that best aligns with your crypto trading and investment objectives.
1. Coinbase – Best Overall Bitcoin Wallet in the UK
After thorough research, we’ve rated Coinbase as the top Bitcoin wallet in the UK. Its friendly interface is welcoming to newcomers, and downloading and setting it up is simple. Coinbase offers plenty of educational resources for beginners and pros alike. The wallet is versatile and accommodates over 1,000 digital currencies.
The most noteworthy feature of the Coinbase wallet is that it gives you full control of your crypto assets. It also boasts strong encryption to safeguard your assets from hackers. Importantly, Coinbase serves as a cryptocurrency exchange. It simplifies the process of linking your wallet and securely accessing your cryptocurrencies.
Another unique feature of Coinbase is its funding options. Users can buy bitcoins with card payments, bank accounts, and local payment methods. This makes it easier for newcomers to navigate crypto investing. Users can download Coinbase wallet on Chrome, Android, Brave, and iOS browsers.
Coinbase Wallet
✔Modern design interface
✔Streamlined transactions
Pros & Cons
Fees
Trading Assets
Pros
- Easy to use and great for beginners
- You have complete control over your stored Bitcoins
- Numerous educational resources and tutorials for beginners
- Supports other cryptocurrencies like Litecoin, Ethereum, and Solana
- 24/7 customer support
Cons
- High withdrawal fees
- Limited options for live support
- Doesn’t use cold storage, which could expose your Bitcoins to hacking
Before you start securing and transacting at Coinbase wallet, ensure it is affordable to avoid getting frustrated with high charges. From our experience, setting up the wallet is free. You can download its app to your iOS or Android mobile device from Google Play or the App Store. The wallet also has a browser extension to enable you enjoy its services using your desktop device.
While the wallet is free to download and set up, it charges transaction fees. This mostly applies when you deposit or withdraw digital tokens from Coinbase to external wallets. You will also incur buying, selling, or swapping charges. Comparing Coinbase wallet cost to its peers, they are a bit higher. However, you are free to customise the amount you want to pay depending on how long you can wait for the transaction processing.
Overall, the Coinbase wallet doesn’t charge any fees when you transfer cryptos from its exchange to the wallet. Also, storage is free, and you can keep your tokens with it for as long as you want without worrying about rising costs.
2. Kraken – Best Bitcoin Wallet for Mobile Users in the UK
Are you a fan of mobile trading and investing? The Kraken wallet should be a fitting choice for you. This product is optimized for a user-friendly experience. It serves traders who like to trade and manage their positions on the go. The app’s interface is intuitive and easy to navigate. The wallet is perfect for users who can’t always use the desktop version.
Kraken wallet is suitable for both beginners and experienced traders. The interface has simplified navigation and to ensure beginners can use it without any problems. Kraken also offers educational resources to help novices understand the fundamentals of crypto trading.
Kraken is highly popular and revered for its security measures. It uses strong safeguards like two-factor authentication (2FA), significantly reducing the risk unauthorized access and loss of assets. Kraken updates its security protocols regularly to tackle new challenges in the crypto world.
Kraken remains popular in the UK, ensuring its services comply with local rules. It supports GBP transactions and caters to the needs of UK users. Kraken’s adaptability to regulatory shifts reflects its dedication to global users. It’s compatible with iOS and Android devices.
Kraken
✔Registered with the FCA
✔24/7 customer support
Pros & Cons
Fees
Trading Assets
Pros
- Top-notch security and privacy
- Works with thousands of assets
- Customer support is available round the clock
- No charges for inactivity
- Easy to get and use
Cons
- Less funding options than its competitors
- No standalone computer application is available
Opening a Kraken account won’t cost you anything. The Kraken wallet is also free to acquire and use. That said, while trading with this review, you will be required to cover maker/trader fees starting from 0.00%/0.10%. But, to enjoy such low costs, you must have a high 30-day trading volume. Otherwise, if your 30-day trading volume is low, you may be subjected to higher maker/trader fees of up to 0.25%/0.40%.
With that in mind, many of the crypto assets supported by Kraken come with zero address setup and deposit fees. However, they have minimum deposit requirements. You should pay close attention to the latter since any deposits below the stipulated minimum are lost forever.
Also, note that Kraken allows users to trade with leverage. However, this optional and advanced feature can increase overall costs with additional rollover and margin opening fees. You will be exposed to higher charges if you purchase, sell, or convert your assets with the Instant Buy/Sell feature.
Finally, Kraken charges zero account maintenance, inactivity, and storage fees.
3. eToro Money – Best for Beginners in the UK
eToro is perfect for newcomers exploring the cryptocurrency world. The wallet is easy to use, making it an excellent choice for beginners. It includes an in-app conversion feature for up to 500 cryptocurrency pairs. With the eToro wallet, traders can swap crypto pairs without moving assets to another platform. You can download the eToro wallet from Google Play or the App Store at no cost.
The eToro wallet is linked to a globally recognized trading platform with many cryptocurrencies and a social platform for learning new skills. The wallet works together with a trading account. Therefore, you’ll need an account with the eToro brokerage to use it. The wallet accepts various crypto assets, such as Ethereum, Bitcoin, Litecoin, and ERC20 tokens.
The wallet works on Android and iOS phones at no cost. You can send and receive cryptocurrencies without charges. However, blockchain fees may apply based on the network used. Converting fiat to cryptocurrencies incurs fees as well.
The wallet offers helpful support, promptly addressing investors’ concerns. You can reach out to the company’s representatives five days a week. They also have a brief FAQ section for quick answers to frequent questions.
eToro Wallet
✔Super-intuitive interface
✔Supports a wide variety of assets
Pros & Cons
Fees
Trading Assets
Pros
- Well-designed, easy-to-use app
- The best option for beginners
- Responsive support is available five days a week
- Offers a wide range of educational resources
- Allows users to purchase, transfer, and sell crypto
Cons
- Supports fewer assets than its peers
- High coin transfer fees
The eToro crypto wallet is free to acquire and set up. So, don’t worry about covering upfront costs. Additionally, receiving and transferring crypto from your eToro money crypto wallet won’t cost you a dime; these services are free. The only charges you may incur are related to blockchain fees, which get paid to the network miners who confirm and validate your transactions.
eToro allows its users to send crypto worth £50,000 per transaction. Additionally, this crypto wallet has a capped daily maximum transaction limit of £200,000.
4. Exodus – Best for Wallet for Staking Crypto in the UK
Exodus is a versatile crypto wallet that supports hundreds of digital currencies. Users can store, receive, and send crypto funds for free. Plus, they can exchange crypto without registration or identity verification.
This product stands out with its focus on beginners to crypto trading and investing. Its interface is easy to navigate, and its developers put a lot of effort into making the UI intuitive and polished. The app features several icons at the top for navigation. The Portfolio icon shows your cryptocurrencies and their price movements over different time frames. The Wallet section lets you send and receive supported cryptocurrencies via QR codes or wallet addresses. The Exchange tab enables cryptocurrency trading.
Exodus provides excellent customer support. There are comprehensive support articles categorized into sections like Getting Started and Exchange. The wallet also offers easy-to-understand videos, and you can reach them through direct messaging. You can also use the search bar to quickly find what you need.
Exodus
✔Zero additional transactional fees
✔Good customer support
Pros & Cons
Fees
Trading Assets
Pros
- Accessible on desktop and mobile apps (for both iOS and Android)
- Excellent user interface
- Supports staking
- No fees for sending and receiving crypto funds
- 24/7 human customer support
Cons
- High transaction fees during network congestion
- Cannot withdraw funds to a bank account or exchange crypto for cash
The best thing about Exodus is the wallet is free. You can get it today without incurring any expenses. Moreover, despite having exceptional features and top-notch security, it has zero storage fees.
Lastly, Exodus users don’t have to pay additional charges to receive or send supported crypto assets like Bitcoin and Ethereum. The only fees you’ll incur while using this wallet are network fees, which go straight to the concerned network, not Exodus’ coffers.
Visit the company’s website for more information about Exodus wallet fees.
5. Crypto.com – Best Wallet for DeFi Service
Crypto.com is a non-custodial wallet that opens the door to DeFi services. It lets users store, buy, and sell cryptocurrencies and NFTs. You can also earn income by staking or lending crypto with Crypto.com. Additionally, the wallet allows users to borrow funds using their assets as collateral. The mobile app is user-friendly, even for beginners.
Furthermore, Crypto.com is a top crypto wallet with the lowest fees in the UK. It has a global reach and over 50 million users. Crypto.com offers access to over 1,000 cryptocurrencies. Users can link a Crypto.com card to their wallet for easy access to their assets. The wallet focuses on security with advanced features to protect user funds from hacking.
Android users can manage over 700 tokens across 15+ blockchains with Crypto.com. Additionally, you can add the wallet’s extension to your browser for increased convenience. Not to mention, this product is linked to the Crypto.com exchange, so you don’t have to find another trading and investment platform.
Crypto.com DeFi Wallet
✔Supports over 1000 tokens
✔Lists popular dapps to explore
Pros & Cons
Fees
Trading Assets
Pros
- Supports a wide variety of DeFi services
- Users can earn interest through staking
- 1,000+ cryptocurrencies are supported
- Strong encryption for added safety
- Excellent 24/7 support service
Cons
- Few educational resources
- Not optimised for beginners
Setting up the Crypto.com DeFi wallet is free, whether on your Android or iOS mobile device or browser extension. As mentioned earlier, you do not need an account at its exchange to benefit from the wallet’s services. Any UK cryptocurrency investor can download the app and get started.
While investing using the Crypto.com wallet, we incurred transaction charges for sending tokens across various networks. The fees vary depending on the blockchain and the time you are transacting. Note that Crypto.com hosts the Ethereum gas meter, which gives users real-time updates on gas fees and transaction speed. From our experience and knowledge, the best time for cheaper transactions is when the networks are less congested.
Besides transaction charges, Crypto.com DeFi wallet users will incur protocol and bridge service fees. These fees are charged by the underlying protocol and the Crypto.com App, respectively. The Crypto.com DeFi wallet also charges for services such as buying tokens using fiat currencies. And since it integrates with decentralised applications, users will pay a fee when they connect with the apps. Overall, you will incur a 0.05% service fee on whatever you earn using its DeFi offerings.
Bitcoin Trading in the UK
Bitcoin trading is legal and regulated by the FCA in the UK. However, traders must be 18 and above. It’s also incredibly risky, so you must do your homework and be ready to lose money before diving in. Also, although many BTC wallets are available to Britons, you should choose a product to use carefully. Otherwise, you may lose your digital assets or fall victim to many other issues.
What is a Bitcoin Wallet?
This is a digital tool that enables investors to receive, send, and store Bitcoin safely. Bitcoin is the most widely used cryptocurrency worldwide. The software program linked to the Bitcoin blockchain lets users manage their Bitcoin holdings. Unlike physical wallets for cash, Bitcoin wallets store private and public keys needed for blockchain transactions.
Bitcoin wallets store your digital coins securely using a unique private key. This key ensures only you and those you share it with can access your Bitcoin wallet. It’s crucial to safeguard your Bitcoin wallet’s key. Someone else can access and transfer your funds if they get hold of it. Losing your privaye keys means losing access to your cryptocurrency since many wallets are decentralized and secured with cryptography. There’s no central support to recover your password or prove ownership.
Some wallets handle simple transactions, while others offer extra functions, like direct access to blockchain-based decentralized applications. These apps may let you lend your cryptocurrency to earn interest, among other uses.
How to Choose the Best Bitcoin Wallet
In the UK, there are numerous Bitcoin wallets from which to choose. Our expert researchers, who are experienced cryptocurrency traders, have provided their top recommendations. If you’re exploring the market for the best Bitcoin wallet, here are vital factors to consider:
Security
User-friendliness
Your Goals
Charges
Reputation
Supported Assets
Customer Support
Bitcoin is a highly valued cryptocurrency, making it a great target for many hackers. When selecting a Bitcoin wallet, prioritize security. Opt for wallets with features such as encryption, backup options, and two-factor authentication (2FA). Check code audit reports and security analyses by industry experts. Also, consider spreading your assets across multiple wallets to minimize the risk of losing everything. Hardware wallets are often seen as the safest option available.
Think about how easy it is to use the wallet, especially if you’re new to Bitcoin. Choose wallets with simple interfaces and clear instructions for setup and everyday use. However, if you’re an experienced pro, you can choose an advanced product.
Before looking for the top Bitcoin wallet in the UK, first determine your needs. A Bitcoin wallet may be unnecessary if you’re trading CFDs and not owning crypto assets. Long-term investors should prioritize security over convenience when selecting a Bitcoin wallet. For short-term traders, ease of use is essential to capitalize on profitable opportunities without complications.
Bitcoin wallets charge varying fees for their services. Assess the fee structure of each platform, covering deposit/withdrawal fees, trading fees, and any additional costs. Some Bitcoin trading platforms might provide competitive fee schedules or discounts for frequent traders. Make sure fee information is clear to avoid unexpected transaction costs.
Despite the many options available, choose Bitcoin wallets with positive user reviews and recommendations. Before selecting one, do your research to avoid using an insecure Bitcoin wallet. Check the wallet’s track record for any security issues or problems. It’s also wise to opt for Bitcoin wallets that are integrated with reputable brokers or cryptocurrency exchanges in the UK.
When choosing a trading platform, ensure it supports a wide variety of assets. Having access to diverse assets helps spread out risk in your portfolio. It also lets you explore different markets, which could reveal profitable trading opportunities beyond Bitcoin.
When trading on your Bitcoin wallet, you might encounter serious issues like transaction errors. It’s crucial to have access to skilled support technicians who can resolve such problems promptly. Choose crypto wallets that promise excellent customer support to handle your concerns effectively.
How to Sign up for an Account with a Bitcoin Wallet
Many people, especially beginners, think opening a Bitcoin account is hectic, but it’s actually easy. You can do it today without much struggle. However, you need to give details as requested. Whether you’re new to crypto or expanding your digital assets, knowing the basics of creating, securing, and using your account will help you start BTC investing. Here’s how to open a Bitcoin wallet safely.
Step 1: Choose the Bitcoin wallet and visit its official site
Step 2: Download your Bitcoin wallet
Step 3: Set a password
Step 4: Protect your wallet with two-step verification
Step 5: Fund your wallet
Step 6: Invest and trade
Check the features and functions of your chosen crypto wallet before using it. Go to the wallet’s official website and explore. Focus on critical aspects like supported assets, fee structures, and customer support availability.
This is the second step you need to take. Most wallets work with Android and iOS, but few have desktop apps. Consider this when choosing. If you prefer not to use an app, get a web-based wallet to trade assets directly from the browser.
Choose a password for your Bitcoin wallet. Ensure it is at least six characters long. A strong password minimizes the risk of hackers accessing your account.
Your Bitcoin wallet is now on your device. Secure and back it up so you can access it later if something happens to the device. Note your private keys and recovery phrase somewhere safe. Store these securely offline in a safe place.
Several Bitcoin wallets enable users to buy digital assets using money from their credit cards and bank accounts. This makes funding your wallet and purchasing tokens simple. Alternatively, please create an account with a trusted exchange, purchase Bitcoin there, and transfer it to your wallet.
After buying Bitcoin, verify your wallet balance. Once confirmed, you can trade or swap assets. You can also transfer them to an exchange for more options. Remember that crypto assets can be highly volatile. Ensure you set realistic goals and diversify your investments to reduce risk. Stay informed and make prudent decisions when managing your digital assets.
Conclusion
Those are the best five Bitcoin wallets in the UK in 2024. Bitcoin is more reliable than many currencies. However, it’s highly volatie and exposes you to financial losses. You have to understand what you’re getting into before trading BTC. Take calculated risks and spend your cash wisely. And always exercise caution.
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