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Crypto wallets are crucial for safely storing and managing your digital currencies in the UK. The best solutions come in various forms, including custodial and non-custodial wallets. That said, you should always opt for reputable wallet providers and check every product’s security features. Set a strong password and implement 2FA and other measures for extra security. Additionally, back up your wallet’s private keys or recovery seed in a safe place. Finally, keep an eye on your wallet for any suspicious activities and contact support if you notice anything. Our expert team has evaluated the products in the UK and compiled a guide to the crypto wallets in the UK.
Cryptos have gained immense traction in the UK. There are now over 3 million crypto investors in this region. Additionally, countless individuals are trading diverse digital assets and enjoying significant returns. If you’d like to invest or trade crypto, you first need to find an excellent digital wallet. We know that can be an uphill task since many solutions are available today.
However, that shouldn’t stop you from trading and investing in crypto. We’ve assessed the crypto wallets available in this region and identified 5 that stand out from the crowd. That means the job is nearly done. Now, the only thing left is picking the best crypto wallet UK from our list of recommended solutions.
Please note that our guide is factual and unbiased. Our team considered various factors, including security, supported assets, and online reputation, while searching for the best digital wallets in the UK.
List of the Best Crypto Wallets UK
- Kraken – Overall Best Crypto Wallet
- Crypto.com – Best Crypto Wallet for DeFi
- eToro Money Wallet – Best Crypto Wallet for Beginners
- Exodus – Best Crypto Wallet for Advanced Traders Investors in the UK
- Coinbase – Best Multi-Cryptocurrency Wallet
In This Guide
UK Crypto Wallets: Comparison Table
Our team has evaluated and handpicked the top crypto wallets in the UK to help you make the best decision. We compared these wallets based on their cost, type, supported coins, and customer support. Our goal was to find 5 wallets that excel in these areas and make managing your crypto easy and secure. We aim to provide thorough and honest insights about each crypto wallet without favouritism. After extensive research and effort, we found these crypto wallets. Check the comparison table below to find the right wallet for you.
| Best Crypto Wallet | Wallet Type | Support Service | Price | Supported Coins | Digital Wallet |
|---|---|---|---|---|---|
| Kraken | Non-custodial Wallet | 24/7 | Free | 2000+ | Yes |
| Crypto.com | Non-custodial wallet | 24/7 | Free | 1000+ | Yes |
| eToro Money | Custodial | 24/5 | Free | 100+ | Yes |
| Exodus | Self-custody wallet | 24/7 | Free | 250+ | Yes |
| Coinbase | Non-custodial wallet | 24/7 | Free | 1000+ | Yes |
Wallets Short Overview
Are you aware that fees and minimum deposits in a crypto wallet can affect your experience and earnings? That’s why we’ve compiled a summary of the fees and assets linked to our top recommendations in the UK.
Fees
| Best Crypto Wallet | Fees | Minimum Deposit Requirement |
|---|---|---|
| Kraken | £0 | 0.0001 BTC |
| Crypto.com | £0 | None |
| eToro Money | 2% coin transfer fee | None |
| Exodus | £0 | None |
| Coinbase | 0.50% conversion fee | None |
Assets
| Best Crypto Wallet | Bitcoin | Ethereum | Litecoin | Ripple | Tether | Solana |
|---|---|---|---|---|---|---|
| Kraken | Yes | Yes | Yes | Yes | Yes | Yes |
| Crypto.com | Yes | Yes | Yes | Yes | Yes | Yes |
| eToro Money | Yes | Yes | Yes | Yes | Yes | Yes |
| Exodus | Yes | Yes | Yes | Yes | Yes | Yes |
| Coinbase | Yes | Yes | Yes | Yes | Yes | Yes |
Our Expert’s Opinion about the Best Crypto Wallets UK
There’s a wide array of crypto wallets in the UK, which can be overwhelming for investors. Here, we share our expert insights and a brief overview of the finest crypto wallets available. Our recommendations stem from thorough research and user input, providing a straightforward view of the top choices for handling your cryptocurrencies.
1. Kraken – Overall Best Crypto Wallet
Our top choice for the best crypto wallet overall is Kraken. It is renowned for its strong security features and extensive support for crypto assets. This non-custodial wallet allows you to store and manage all your assets in one convenient location.
You can manage over 2,000 cryptocurrencies in the Kraken wallet. This product also allows users to conveniently manage NFT collections across Solana, Ethereum, Arbitrum, and many other networks from a unified location. We also hold Kraken in high regard since this wallet enables savvy investors to interact with decentralised apps and monitor their DeFi positions seamlessly.
While using the Kraken wallet, you can trade using the same company’s exchange. Over 10 million people are already doing it and enjoying optimum experiences. If you combine this wallet with the Kraken exchange, you will be better positioned to safeguard your assets, trade seamlessly, and enjoy many other perks.
Kraken
✔Registered with the FCA
✔24/7 customer support
Pros & Cons
Fees
Trading Assets
Pros
- Supports over 2,000 cryptocurrencies
- No crypto deposit fees
- Excellent security and privacy features
- Helpful, 24/7 customer support
- Users can manage crypto, DeFi, and NFTs
Cons
- Limited support for fiat
- It can be complex for beginners
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.
2. Crypto.com – Best Crypto Wallet for DeFi Services
Based on outcomes from our tests and evaluations, Crypto.com is the best DeFi wallet in the UK. With this well-rounded, non-custodial wallet, you can access many exceptional DeFi services. For starters, you can use DeFi Earn to grow your assets and earn passive income. Moreover, you can rake in returns from Compound Lending via the Crypto.com wallet.
The other outstanding DeFi service that Crypto.com allows you to access regards crypto credit. While using this wallet, you can borrow digital assets like USDC, Ethereum, and Bitcoin. You can also get fiat loans whenever you’re facing financial constraints. All you have to do is use your crypto holdings as collateral. Crypto.com allows borrowers to use different assets as collateral, including Bitcoin, Ethereum, and Litecoin.
Not to forget, Crypto.com wallet users can explore a wide variety of dApps, from Uniswap and SushiSwap to Axie Infinity and CryptoKitties. You can also use this solution to swap over 1,000 tokens across diverse chains, including Cosmos, Cronos, and Ethereum.
Crypto.com DeFi Wallet
✔Supports over 1000 tokens
✔Lists popular dapps to explore
Pros & Cons
Fees
Trading Assets
Pros
- Supports 1,000+ tokens and 30+ blockchains
- Users can earn rebates on over 25 tokens
- Supports NFT deposits
- Swapping over 1,000 tokens is possible
- Users can optimise security with 2FA and biometric authentication
Cons
- It’s can be complex 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.
3. eToro Money Wallet – Best Crypto Wallet for Beginners
If you are a crypto novice, the best wallet to start with is eToro Money. But, before you get this product, visit eToro’s official site and click “Education.” Visit eToro Academy and search for crypto-related courses and materials. A good example is Crypto for Beginners, which will introduce you to the fundamentals of cryptocurrencies and crypto investing. Use the provided course and lesson to learn all you can.
After gathering sufficient knowledge, get the eToro Money crypto wallet. We recommend this product since it has a simple, intuitive interface. Understanding and navigating it shouldn’t be a problem. You can quickly figure out how to deposit, send, and store your assets in this wallet.
We also consider this wallet an ideal solution because it’s part of the infamous eToro Money app. With this product, you will be better positioned to buy and sell crypto assets from a trusted ecosystem.
eToro Wallet
✔Super-intuitive interface
✔Supports a wide variety of assets
Pros & Cons
Fees
Trading Assets
Pros
- Polished, beginner-friendly user interface
- Sending and receiving crypto attracts zero fees
- The parent company offers quality learning resources
- Integrated with the eToro Money app
- Excellent customer support services
Cons
- Supports fewer crypto assets compared to other popular products
- The coin conversion feature is no longer available
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 Crypto Wallet for Advanced Investors in the UK
While evaluating the best crypto wallets UK, we discovered one product perfect for advanced traders and investors: Exodus. This a powerful wallet you can access from your desktop or mobile device. An Exodus Web3 Wallet is also available, and you can install it on Brave or Chrome. This product supports various assets, from Bitcoin and Neo to Ethereum, Binance Coin, and Tron.
However, the main reason we consider Exodus a fitting product for advanced traders and investors is that it supports Trezor integration. In other words, you can link your Exodus crypto wallet with Trezor, a top-notch hardware wallet. Integrating Exodus with Trezor allows you to enhance the security and safety of your assets.
Exodus is backed by an exchange that allows users to swap 1000s of digital assets and supports over 50 networks. The platform also gives traders access to over 1,000 cryptocurrencies. If you ever need to trade or buy crypto, you won’t have to look further than Exodus.
Exodus
✔Zero additional transactional fees
✔Good customer support
Pros & Cons
Fees
Trading Assets
Pros
- Integrates with Trezor seamlessly
- Supports thousands of crypto assets
- Allows users to purchase, sell, and swap crypto
- 24/7 human support is available
- Top-notch design and user-friendly interface
- No transaction fees
Cons
- Trezor is a bit pricey
- Higher exchange fees than its peers
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. Coinbase – Best Multi-Cryptocurrency Wallet
If you need a well-rounded, multi-cryptocurrency wallet, check out Coinbase. It supports hundreds of thousands of crypto assets, including popular options like Bitcoin, Litecoin, and Solana. Additionally, the wallet allows users to access a broad range of decentralised apps, including Sandbox and Aave.
Coinbase is also one of our favourites since it’s a self-custody wallet that puts everything in the user’s control, from private keys to data and crypto and crypto assets. Furthermore, it enables users to use DeFi to farm and grow their NFTs. Additionally, this product is so optimised that it hides malicious crypto assets from the user’s home screen and lets investors report any suspicious tokens.
Lastly, we highly recommend this solution since it comes from an established and trustworthy company: Coinbase. This is a publicly traded entity that’s worth over 53 billion. Rest assured it will never offer a product that can taint its reputation or profitability.
Coinbase Wallet
✔Modern design interface
✔Streamlined transactions
Pros & Cons
Fees
Trading Assets
Pros
- Provided by a publicly traded company
- Supports hundreds of thousands of crypto assets
- World-class security measures and protocols
- Users can store NFTs and access dApps
- Beginner-friendly, intuitive interface
Cons
- If you lose your login credentials, Coinbase can’t help
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.
Crypto Trading for Beginners UK
You need several things to trade crypto in the UK, which is 100% legal. First and foremost, you must be over 18 and knowledgeable. The latter means you must be well-versed in market dynamics, risk management, investment strategies, and more. Invest in your education first if you have yet to gather comprehensive knowledge. As a novice, you shouldn’t dive into crypto trading before educating yourself since you will likely make disastrous mistakes and lose everything within a short period.
Moreover, as a crypto trader, you need a good wallet to keep your assets safe. Over 1.38 billion worth of crypto was stolen in the first half of 2024 alone, and you shouldn’t be a statistic. Just pick a good solution from the list of products recommended here for optimum safety and security. Lastly, review the taxes that crypto investors and traders in the UK have to pay to avoid legal troubles.
What is a Crypto Wallet?
A crypto wallet is an app or software that keeps your crypto and private keys safe. You can also use it to receive, send, and swap cryptocurrencies. Furthermore, some wallets allow users to manage NFTs, access decentralised services, and more.
The wallet you choose will determine what you can do with it. You can get a self-custody wallet, which gives you full control over your assets and private keys, or work with a custodial wallet managed by a reputable service provider.
Crypto Wallet vs Crypto Exchange
Crypto wallets are primarily designed to hold digital assets. On the other hand, crypto exchanges are platforms that enable traders and investors to purchase, sell, and trade crypto assets. Most crypto exchanges have proprietary digital wallets.
How to Choose the Best Crypto Wallet UK
Britons have access to hundreds of crypto wallets. Is that good, you wonder? Yes, because you get a wide variety of options. However, it also exposes you to malicious products and potential losses. But don’t freak out. The following will help you identify the most outstanding solutions:
Security
User Experience
Supported Assets
Costs
Reputation
Additional Features
To keep your assets safe, you need to work with a highly secure crypto wallet. It should be backed by a credible company with a good track record. Additionally, it should allow you, the user, to optimise safety with measures like two-factor authentication and biometric verification.
The best crypto wallet should have an intuitive interface that’s easy to navigate. Ideally, it should be optimised for both novices and experienced traders. But, if you are a seasoned pro, you can pick a complex product, provided using it won’t pose any significant problems.
Diversification is crucial in crucial trading and investing. Considering that, you need to look for a crypto wallet that supports a reasonable variety of crypto assets. Better yet, look for a solution that shows clear signs of supporting the newest coins and tokens.
Before picking a specific wallet and discarding the rest, check if it has any set-up or ongoing maintenance charges. The best products are free to acquire, but some have different charges, including conversion fees. Analyse every wallet’s charges to avoid nasty surprises and reduced returns.
While searching for the most outstanding crypto wallet, go through online reviews and testimonials. Consider choosing products with positive ratings and customer feedback. But avoid those with reported issues like frequent security breaches and deplorable support services.
For the best experiences, choose wallets with unique features like staking rewards, support for dApps, and a built-in exchange. Simply compare available options and isolate one with everything you need and more exciting functionalities.
How to Sign up for an Account with a Crypto Wallet
Many of the best crypto wallets are centralised and run by FCA-regulated companies. Consequently, they require new users to provide personal information and complete KYC verification. That said, these products have an easy sign-up process. We’ve summarised everything below.
Step: Visit the company’s official site
Step 2: Sign up
Step 3: Complete verification
Step 4: Fund your wallet
Step 5: Start using your wallet
Visit the company’s official site and download the wallet. Choose the right version depending on your device and preferences—it can be mobile or desktop. You can also choose the browser extension if that’s what you seek. Also, read the company’s privacy policy and T&Cs before committing.
Create your account by registering. You’ll have to share sensitive personal details, including your name and email address. Furthermore, create a strong, secure password. Since valuable assets are involved here, your password should have as many characters as possible, including uppercase letters, lowercase letters, special characters, and numbers.
If you pick a centralised wallet with stringent KYC requirements, you must share verification documents, including your national ID. Check the requirements and comply. You may also need to verify your email address and mobile phone number.
Depending on your preferred product, you may choose to deposit crypto or fiat. You may also link a payment method and purchase crypto assets quickly. Whatever you choose, exercise caution to avoid losing your assets and resources.
If your wallet is ready, you can start holding, transferring, buying, and selling crypto. That said, crypto wallets are a prime target for bad actors. Secure your wallet with everything possible, including 2FA and biometrics if possible. Most importantly, keep your private keys safe, ideally offline. If you have a colossal crypto portfolio, invest in a secure vault.
Conclusion
Choose the best crypto wallet UK from our guide. While doing so, consider your needs and preferences. Furthermore, you should check all critical factors, from security to fees and supported assets. Don’t forget to safeguard your private keys and seed phrases since they can give anyone access to your cryptocurrencies, including malicious entities.
Do not forget that you will need an exchange if you are a crypto trader. Look for the best platforms in the UK. Consider trading with the exchanges associated with the outstanding crypto wallets covered in our guide.
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