11 Best Crypto Wallets for UK Traders - Compare Bitcoin Wallets

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Crypto traders in the UK will need to have a secure and convenient wallet to hand. 

The best crypto wallets in this space not only offer a safe way to store digital assets, but many offer access to alternative products - such as exchange services, staking, and NFT trading. 

In this comparison guide, we rank and review the best cryptos wallet in the UK right now.   

List of The Best Crypto Wallets in the UK  

The overall best crypto exchanges in the UK for 2023 can be found in the list below:

1. Best Wallet - Overall best crypto wallet for UK investors, offering unique multi-chain swaps, a custom DEX, token staking, NFT Gallery, and enhanced insights on upcoming and trending Tokens. Its app has just launched and is available on iOS or Android.
2. OKX - Leading UK-regulated crypto wallet and exchange with over 20 million users.
3. eToro - User-friendly mobile wallet with exchange integration where you can restore your wallet access if you lose the seed phrase.
4. Ledger - Cold storage wallet that lets you connect to a mobile and desktop app to buy cryptocurrencies with a card, swap tokens or stake them.
5. Trezor - Hardware wallet that offers a browser app, as well as mobile and desktop apps, to safely store your coins.
6. Binance - Web and mobile wallet for UK crypto traders. 
7. Coinbase - Popular crypto wallet for beginners. 
8. Crypto.com - Non-custodial wallet with DeFi services.
9. Trust Wallet - Decentralized crypto wallet app with plenty of tools and products.
10. Metamask - Top crypto wallet for browser extensions.
11. ZenGo - All-in-one crypto wallet app.

The crypto wallets above each differ when it comes to security, convenience, user-friendliness, features, and more. 

Therefore, be sure to read our UK crypto wallet reviews in the following sections of this comparison guide.  

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

The standout option in regards to the best crypto wallet for UK investors is Best Wallet, which has only just launched and is now available as a mobile app on Google or Android.

This all-encompassing Web3 app, which is a non-custodial software wallet, aims to be more than just a platform for storing cryptocurrencies – instead, offering a comprehensive solution that simplifies the management of various digital assets and provides crucial data and insights.

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

Another strength of Best Wallet is its dedication to cross-chain compatibility. The wallet supports assets on various blockchains, including Ethereum and Binance Smart Chain, and uses trusted third-party app Wert to purchase cryptos with fiat, although Wert decides the fees.

As well as purchasing crypto with fiat, Best Wallet allows users to trade thousands of different tokens with a custom, built-in decentralized exchange.

Best Wallet will also provide unique data and insights into new, trending and upcoming tokens, and provide info on airdrops in the space, as well as offering NFT compatibility and an in-app NFT gallery, although these features are not yet live.

Underpinning all of these features is $BEST – Best Wallet's native 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.

Active participants on social media and active  Best Wallet users will receive a $BEST token airdrop in the coming months, with 10% of the overall supply distributed.

Finally, Best Wallet has been designed as a mobile-first application, available on iOS and Android. This ensures that managing digital assets is as easy as possible - however, those who prefer desktop/PC access will also be catered to, with a browser extension in development.

Overall, Best Wallet isn’t just a tool for managing digital assets – it’s a comprehensive platform that promotes interoperability, user security and provides unique data and insights. Stay up-to-date with new information on the Best Wallet Telegram channel and follow Best Wallet on X. 

Pros

• Overall best crypto wallet for the UK market
• Available as an app on iOS and Android
• Non-custodial software wallet with enhanced security
• Built-in DEX
• Insights on new and trending tokens and airdrops
• Native $BEST token to be airdropped to active users

Cons 

• Not all features are live yet

2. OKX - Leading UK-Regulated Crypto Wallet and Exchange

OKX is a global crypto exchange with more than 20 million users around the world and has some of the lowest trading fees in the industry.

To make it easy for traders and investors on OKX to store their tokens securely, the exchange also has its own proprietary crypto wallet. The OKX wallet is available for iOS and Android devices and as a browser extension. It’s completely free to use.

The OKX wallet has a lot of features for traders and investors to like. First, it works with almost all major blockchains and makes it simple to swap tokens between them. So, users don’t have to worry about blockchain compatibility when exploring new projects. The OKX wallet also integrates seamlessly with the OKX exchange, making it easy to exchange one token for another at low rates.

On top of that, the OKX wallet has a built-in NFT marketplace. This is a huge advantage for crypto enthusiasts who are bullish on the NFT market, since they can manage their tokens and NFTs in a single location. 

The OKX wallet also has a large and growing library of decentralized apps (dApps). dApps in the OKX marketplace cover DeFi, GameFi, and much more.

However, to comply with new regulations from the Financial Conduct Authority (FCA) - the UK regulator - OKX has recently had to remove dozens of trading pairs for high-risk tokens, reducing its offering to around 40 assets, and changed its marketing policies.

Pros

• 20+ million users around the world
• Trade 340+ cryptocurrencies at 0.10% fee
• Available for web, iOS, and Android
• Built-in NFT marketplace
• Fast-growing dApp library for DeFi and GameFi
• Regulated by the UK's Financial Conduct Authority

Cons 

• Not suitable as a non-custodial wallet 
• Reduced assets to comply with FCA

Crypto assets are highly volatile investment products. Your capital is at risk.

3. eToro - User-friendly Mobile Wallet with Exchange Integration

eToro is an online broker regulated by the FCA and offers another top choice for UK users. In fact, this provider offers two crypto wallets for clients to choose from. First, there is the eToro web wallet, which can be accessed simply by logging into the account. After buying crypto on the eToro platform, the tokens will automatically be transferred to the web wallet. 

This is a custodian wallet, meaning that eToro is responsible for keeping the crypto assets safe. A major benefit of opting for the eToro web wallet is that when it comes to cashing out, it's just a case of placing a sell order from within the account portfolio. As a result, the crypto will be sold instantly and the cash added to the eToro balance. 

The second option is to download the eToro Money crypto wallet. This is a mobile app that is compatible with both Android and iOS devices. The wallet comes with unlosable private keys, which means access can be recovered in the event the user forgets their password. 

This app supports more than 500 crypto pairs, which enables traders in the UK to swap tokens without leaving the wallet interface. The eToro Money crypto wallet is regulated by the GFSC for added safety. eToro is also a good option for those looking to buy Bitcoin in the UK. The minimum Bitcoin investment requirement is just $10 at eToro, or about £8. 

There is a small fee of 1% to buy and sell Bitcoin. This is also the case with nearly 80 other crypto assets that are available to UK traders. eToro is also one of the best crypto exchanges in the UK for passive trading. First, there are multiple smart portfolios that are professionally managed by eToro. Each smart portfolio will contain a diversified basket of crypto assets. 

Moreover, each smart portfolio is rebalanced on behalf of eToro investors. Second, there is the copy trading tool, which is ideal for those wishing to actively day trade crypto. After selecting a crypto trader to copy, all future investments will be copied over to the eToro user's portfolio. There is also a demo trading account at eToro for beginners to test-drive the broker risk-free. 

In order to get the eToro wallet, investors in the UK will need to register an account and upload some ID. The reason for this is that eToro is a regulated brokerage that offers investment services. The account opening process takes less than five minutes nonetheless. eToro supports GBP in the form of debit/credit cards, bank transfers, Paypal, Skrill, and more.  

Pros

• Authorized and regulated by the FCA
• 27+million clients
• Best Bitcoin app for newbies 
• Swap tokens across more than 500 pairs
• Buy and sell nearly 80 crypto assets with GBP
• Supports debit/credit cards, bank transfers, and e-wallets
• Also supports stocks, ETFs, forex, and commodities 

Cons 

• Will not suit those seeking a non-custodial wallet 
• KYC process required 

Don’t invest in crypto assets unless you’re prepared to lose all the money you invest. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply. 

4. Ledger - Leading Hardware Wallet With Mobile App to Swap, Stake or Buy Cryptocurrencies  

Ledger is one of the best Bitcoin wallets in the UK for large token holdings. This is a hardware wallet that keeps all crypto assets offline via cold storage. All of your outgoing transactions need to be confirmed by entering a PIN on the Ledger hardware device. 

There are three models to choose from - the Ledger Nano S Plus, the Ledger Nano X and the Ledger Stax. All three options support more than 5,500 crypto assets across multiple blockchain networks. The key difference is that the Nano X offers support for Bluetooth compatibility, which is useful if you use the mobile app wallet. 

Ledger comes with a mobile and desktop app, called Ledger Live, which you can use to upgrade your Ledger's firmware, to buy crypto with cards, swap coins between blockchains or stake your coins.     

Pros

• Highly secure crypto wallet for large portfolios 
• Supports more than 5,500 tokens
• Can buy, stake, swap coins with the Ledger Live app

Cons 

• Not suitable for active traders

5. Trezor - Hardware Wallet for Long-Term Investors

Trezor offers one of the best crypto wallet in the UK for long-term investors. This wallet comes in the shape of a hardware device that offers industry-leading security by storing your seed phrase offline. The only way to send tokens from the wallet is by physically entering a PIN on the Trezor device.

Too many incorrect PIN attempts will launch the timer lock. If the Trezor device is lost or stolen, access to the wallet can be regained remotely by entering the private keys.

 While security is top-notch, Trezor won't be the best crypto wallet for traders who need quick and seamless access to their digital assets. 

Trezor comes equipped with a Trezor Suite app available for mobile, desktop and browser. This allows you to swap, or transact whenever you want. Also, you can make your transactions private with Coinjoin.  

Pros

• One of the best Bitcoin wallets for long-term investors
• High-level security features
• Trezor Suite app is available on mobile, desktop and browser 

Cons 

• Not suitable for active traders
• No Bluetooth support

6. Binance - Web and Mobile Wallet for UK Crypto Traders

Binance is the world's largest crypto exchange and naturally - it offers a safe way to store digital assets. This provider offers the best crypto wallet for UK traders that wish to actively buy and sell tokens. The platform is home to more than 600 crypto assets across 1,000 markets. Moreover, trading commissions are super-low. 

For example, buying and selling crypto on Binance will cost just 0.1% in commission. This amounts to £1 for every £1,000 traded. Binance also supports GBP deposits via debit/credit cards at a reasonable fee of 1.8%. GBP payments are also supported via bank transfers at a flat fee of £1. After buying crypto on Binance, the tokens are stored in the user's web wallet. 

The web wallet is protected by a variety of safeguards, which is inclusive of two-factor authentication. Logging into the Binance wallet from a new device or IP address will trigger an additional security check. Binance has also implemented a safe asset fund for users (SAFU), which is designed to compensate investors in the event the exchange is hacked. 

The Binance wallet can also be downloaded as a mobile app for iOS and Android smartphones. This doubles up as a trading interface, so Binance users can buy and sell crypto on the move. Binance also offers DeFi services across some of the best crypto to buy. This includes yield farming, interest accounts, and staking. 

Both the Binance web and mobile wallets are custodial, which means that users will not have access to their private keys. Those in the market for the best Bitcoin wallet in the UK for non-custodial storage might therefore consider Trust Wallet. 

Pros

• Trading commission of just 0.1%
• Custodial wallet for web and mobile devices 
• Supports more than 600 coins and 1,000 markets   

Cons 

• The exchange is not regulated by the FCA
• Has previously been hacked
• SAFU might not be enough to cover a large hack  

Visit Binance Now

7. Coinbase - Popular Crypto Wallet for Beginners 

Coinbase is perhaps the best crypto wallet for UK investors with little to no experience in storing digital assets. The user-friendly interface and low account minimums available at Coinbase will therefore appeal to beginners. After buying crypto assets on the Coinbase platform, the tokens are automatically stored in the user's web wallet. 

Although this offers a convenient storage option, the Coinbase web wallet comes with a vast range of security protocols. This includes IP and device whitelisting, two-factor authentication, and cold storage. The latter means that 98% of the digital assets held in the Coinbase web wallet are kept offline at all times. 

There is also a Coinbase mobile app that connects to the main account. This means that users can access the crypto assets purchased and stored in the Coinbase wallet on the move. Coinbase also supports instant crypto purchases with a debit/credit card, albeit, this attracts a fee of 3.99%. Trading commissions are high too at 1.49% per slide.    

Pros

• User-friendly crypto wallet for beginners   
• More than 100 cryptocurrencies supported 
• Great security features  

Cons 

• Debit/credit cards attract a fee of 3.99%
• High trading commissions 
• Some large-cap coins are not supported 

Visit Coinbase Now

8. Crypto.com - Non-Custodial Wallet With DeFi Services

Crypto.com offers the best crypto wallet for UK traders that are in the market for DeFi services. The Crypto.com DeFi wallet is accessible across several device types - all of which link to the same account. This includes a mobile app for iOS and Android in addition to desktop software. The wallet can also be installed as a browser extension for added convenience. 

Irrespective of the device type chosen, the Crypto.com DeFi wallet is non-custodial. As such, users retain full control over their crypto assets and private keys at all times. In addition to supporting more than 250 tokens - which includes some of the best new crypto assets in the market, Crypto.com offers interest accounts from within the wallet interface. 

This enables investors in the UK to earn interest on over 25 tokens that would otherwise sit idle. The Crypto.com DeFi wallet also supports dApps that can connect to staking and farming protocols. It is also possible to swap tokens from within the wallet in addition to storing NFTs. Crypto.com supports instant debit/credit card purchases on its custodial wallet app, at a fee of 2.99%.    

Pros

• Lowest crypto trading fees in the industry 
• More than 250 cryptocurrencies supported
• DeFi wallet available as an app, desktop software, and browser extension
• Swap tokens from within the wallet interface  

Cons 

• Debit/credit cards attract a fee of 2.99%

Visit Crypto.com Now

9. Trust Wallet - Decentralized Crypto Wallet App With Plenty of Tools and Products 

Trust Wallet is perhaps the best crypto wallet in the UK for those seeking a non-custodial storage option. This means that by using Trust Wallet, investors in the UK will retain full control over their private keys. This is a big deal for some crypto traders, as it ensures that there is full ownership of the underlying tokens at all times. 

In other words, Trust Wallet does not have access to the private keys. On the flip side, if the investor forgets their password and is unable to locate the private keys for the wallet, Trust Wallet will not be able to help regain access. Trust Wallet is backed by the world's largest crypto exchange - Binance. 

It comes in the shape of a mobile app and is free to download and use. Trust Wallet claims to support more than 4.5+million digital assets across 65 blockchains. Therefore, for all intents and purposes, traders in the UK can use Trust Wallet to store their entire crypto portfolio. Trust Wallet also supports DeFi services from within the wallet app, which is inclusive of staking. 

This means that Trust Wallet is the best crypto wallet for UK investors that wish to earn interest on their idle tokens. Another benefit of Trust Wallet is that it offers access to decentralized exchanges like PancakeSwap. This exchange operates on the Binance Smart Chain and is known to list some of the best low-cap cryptocurrencies to invest in.    

Trust Wallet also offers support NFTs - which include the ERC-721 and ERC-1155 standards. Although Trust Wallet is a decentralized wallet option, it has integrated support with a third-party payment processor. This means that it is possible to buy crypto in the UK with a debit/credit card - after going through a brief KYC process.  

Pros

• Backed by Binance
• Decentralized and non-custodial wallet
• Supports more than 4.5 million digital assets
• Compatible with tokens from 65 blockchain networks
• Access to decentralized exchanges like PancakeSwap and Uniswap 

Cons 

• Third-party debit/credit card fees are high
• Cannot help regain access to the wallet if the private keys are lost 

10. Metamask - Top Crypto Wallet for Browser Extensions 

Metamask is a decentralized wallet that offers non-custodial storage. Although Metamask is also downloadable as a mobile app for iOS and Android, for the most seamless experience beginners will often opt for the browser extension. Metamask can be installed on multiple browser types - inclusive of Chrome, Firefox, and Edge. 

After installing the wallet, Metamask is initially compatible with the Ethereum network. However, other networks can be added manually - such as the Binance Smart Chain. Metamask offers a bare-bones service, insofar as it doesn't allow users to buy, sell, or swap crypto. The wallet is, however, suitable for accessing decentralized exchanges like PancakeSwap. 

Metamask is also a popular option when it comes to accessing crypto presales. Although Metamask also supports NFTs, this is only available on the mobile app. There are no fees to download or use the Metamask wallet, other than when sending crypto. There is no markup on outgoing transactions as Metamask simply forwards on the respective network fee. 

Pros

• One of the best UK crypto wallets for browser-based access
• User-friendly and a great option for connecting to third-party dApps 

Cons 

• Does not enable investors to buy or swap tokens
• NFT storage only available on the mobile app
• Need to manually important non-Ethereum networks

11. ZenGo - All-in-One Crypto Wallet App  

ZenGo is a crypto wallet that aims to offer the perfect balance between user-friendliness and security. The app - which is compatible with both Android and iOS devices, offers a unique security protocol called three-factor authentication - or 3FA. This means that in order to access the wallet, the user must bypass three individual security checks. 

This consists of email confirmation, a face scan, and a recovery file stored on the cloud. This also means that should the user lose the smartphone where the ZenGo app is installed, access can be recovered remotely on another device. In total, ZenGo supports 76 digital assets. This is inclusive of Bitcoin, BNB, and some of the best meme coins hosted on the Ethereum blockchain.  

Pros

• One of the best UK Bitcoin wallets for security and user-friendliness 
• Innovative three-factor authentication safeguard 

Cons 

• Just 78 coins supported
• Crypto purchases processed by a third party
• Not entirely non-custodial  

The Top UK Cryptocurrency Wallets Comparison

The table below highlights the key points identified in our reviews of the best UK crypto wallets.

What is a Crypto Wallet?

After buying crypto assets such as Bitcoin and BNB, the tokens need to be stored in a wallet. This ensures that the tokens remain safe at all times. This is not too dissimilar to how traditional money is stored in a regulated bank account. 

At a minimum, crypto wallets enable investors to send and receive tokens. This is conducted on a wallet-to-wallet basis via a public address. A non-custodial crypto wallet is protected by private keys, which provide access to the digital assets remotely - often via a 12-word backup phrase. 

However, custodial wallets - which are typically offered by crypto exchanges and brokers, do not enable users to access their private keys. Instead, the private keys will be safeguarded by the respective provider. 

Some of the best crypto wallets in the UK go one step further when it comes to core features. For example, the eToro wallet enables investors to buy, sell, and even swap tokens - in addition to making a deposit with a debit/credit card or e-wallet. 

Why Crypto Investors Need a Crypto Wallet

Crypto investors are advised to obtain a secure wallet with the view of keeping their digital assets safe and away from the wrong hands. Once again, this follows the same concept as depositing traditional money in a bank account for safekeeping and easy access to the funds. 

In the case of a crypto wallet, access to the funds is often protected by a range of safeguards. For example, custodial wallet providers like eToro will keep the vast majority of client digital assets offline in cold storage. This ensures that the tokens cannot be accessed by a remote hacker. 

Other security features include two/three-factor authentication, biometric and facial logins, and IP address whitelisting. Top crypto wallets in the UK will also make the process of sending and receiving funds seamless and convenient. 

How do Bitcoin Wallets Work?

The underlying mechanics of Bitcoin and crypto wallets will vary slightly depending on the chosen device type. 

Nonetheless, there are a lot of similarities that most crypto wallets possess. 

For example:

• Each crypto wallet will have its own public address. This is similar to an account number and sort code associated with UK banks. 
• As such, investors can receive funds by supplying the public address for their crypto wallet.
• Similarly, when sending funds out of the wallet to another person, the public address will need to be entered 
• Once the transaction is confirmed, the person sending the funds will pay a blockchain  fee, which can vary depending on the network and broader market conditions

Here's an example of what a Bitcoin wallet address looks like:

3FZbgi29cpjq2GjdwV8eyHuJJnkLtktZc5

Although it is safe to give a crypto wallet address to other people, it is important to remember that digital assets operate on the blockchain ledger. 

This means that by knowing somebody else's public address, it is possible to see how much the wallet is storing, in addition to any previous transactions that have been conducted.  

Private Keys

All crypto wallets are backed and secured by private keys. This is similar to a password associated with an online banking account. In other words, those with access to the private key can log into the wallet and authorize transactions. 

Therefore, it is crucial that wallet private keys are never shared with anyone. With that said, whether or not the user has access to the private keys will depend on the wallet type. 

For example:

• Custodial wallets are controlled by third parties, such as crypto exchanges. This means that the user will not have access to the wallet's private keys. However, if the user forgets their password, they can ask the third party for help regaining access to the wallet. 
• Non-custodial wallets, such as Best Wallet, provide users will full control over their digital assets and private keys. No third party can access the wallet without knowing the private keys. However, if the non-custodial wallet device is lost and the user cannot access their private keys, the digital assets will be unrecoverable.

Types of Cryptocurrency Wallets

Choosing the best crypto wallet in the UK is often a decision that needs to focus on the type of storage option. 

Below, we cover the main types of crypto wallets available to UK investors.

Software Wallets 

Software wallets enable investors to access their crypto funds remotely. This is typically a choice between a mobile app, desktop software, a browser extension, or a centralized web wallet.

Either way, software wallets make it a convenient process when it comes to sending and receiving funds. 

Moreover, some software providers support multiple device types that each connect to one another. For example, eToro offers both a web and mobile wallet with custodial protections.   

Hardware Wallets

Hardware wallets come in the form of physical devices. Leaders in this space include Trezor and Ledger Nano - both of which we reviewed earlier. 

Hardware wallets offer the highest level of security, but transferring funds can be cumbersome. 

The reason for this is that the user must enter the wallet PIN on the hardware device itself in order to authorize the transfer. 

Paper Wallets

Paper wallets offer a cost-effective way to store crypto assets offline and away from the threats of a remote hacking attempt. 

The user will usually print the wallet's private keys onto a sheet of paper via a QR code. Then, the paper will be stored somewhere safe. 

If the user needs to send crypto out of the paper wallet, they can do this remotely from a mobile device by scanning the QR code. 

This option, while cost-effective and safe, makes it extremely cumbersome to transfer funds.  

How to Choose the Best UK Bitcoin Wallet for You

In this section, we explore some of the most important considerations to make when selecting the best Bitcoin wallet in the UK. 

Security

At a minimum, the best Bitcoin wallets in the UK offer solid security features that are tasked with keeping the crypto assets safe. 

Examples of top-rated security tools to look for include:

• Two or three-factor authentication
• Fingerprint ID
• Cold storage on custodial wallets
• IP address whitelisting
• Device whitelisting
• Notifications on outgoing transactions 

For added security, consider choosing a wallet that is offered by a regulated provider. Both OKX and eToro are authorized and regulated by the FCA to offer trading services in the UK. 

Supported Coins

The best Bitcoin wallets in the UK support multiple blockchain networks. This ensures that investors can keep their entire crypto portfolio in a single wallet. 

At eToro, its Money crypto wallet supports more than 500 pairs, while Best Wallet has a built-in decentralized exchange meaning it can trade thousands of different pairs with tokens such as USDT or ETH.

Fees

The best crypto wallets in the UK are free to use. The only fee that should be payable is when it comes to sending tokens to another wallet address. 

There should be no markup on this, meaning that users simply pay the network fee charged by the underlying blockchain. 

With that said, fees will also be charged if the wallet provider supports GBP deposits and crypto trading services. 

User Experience 

The chosen crypto wallet should offer a suitable user experience that aligns with the objectives of the trader. 

For example, a Bitcoin hardware wallet will likely offer superb security, sending and receiving funds can be cumbersome. 

On the other hand, the eToro wallet offers the perfect balance between security and convenience.

How to Get a Cryptocurrency Wallet in the UK

Overall, we found that Best Wallet offers the best Bitcoin wallet in the UK for investors of all skill sets and trading goals. 

Therefore, in this section, we will explain how to get and set up the Best Wallet mobile app in less than five minutes. 

Step 1: Download App 

Best Wallet is available through a dedicated mobile app on both Android and iOS - visit the Play Store or App Store and download the correct app, which should only take 30 seconds to complete.

A desktop browser extension is also in development and will be launched in the coming months.

Visit Best Wallet Now

Step 2: Create Account and Choose Security Settings

After downloading the app it is time to create an account, this can simply be done with an email address. 

Then it is time to add security settings to your account. The minimum requirement is a four-digit passcode, which will need to be repeated and confirmed.

There is the option to add one of or both two-factor authentication and fingerprint ID, although it is not a requirement.

Step 3: Use Wallet

At this point the user will be redirected to the home dashboard, allowing users to manage their portfolio, purchase certain cryptos with fiat or trade crypto on the built-in DEX.

Certain features, such as insights on new crypto, will be added at a later date, with active users set to be airdropped $BEST tokens.

Conclusion

This comparison guide has reviewed and ranked the best crypto wallets in the UK right now. 

Those looking for the perfect balance between security and convenience, in addition to having access to exchange services, should consider Best Wallet.  

This newly launched non-custodial software wallet is available as a mobile app on both Android and iOS and features low trading fees and strong security features such as two-factor authentication and fingerprint ID.

It also has a range of custom and unique features, such as a built-in DEX, insights on new and trending cryptos and NFT functionality with an NFT gallery.

Its native token $BEST - which will be used for governance, staking and to get exclusive benefits such as reduced fees - is not yet live but is set to be airdropped to regular users of the wallet in the coming months.

Visit Best Wallet Now

FAQs

What is the best crypto wallet for UK traders?

Our review process ranked Best Wallet as the overall best crypto wallet for UK traders. It has enhanced security features and also offers unique insights on new and trending cryptos, as well as having a built-in DEX and an upcoming airdrop for native token $BEST.

Which is the most secure crypto wallet?

The most secure crypto wallets in this marketplace are offered by the likes of Trezor and Ledger. These two providers are considered to offer the best crypto hardware wallets for safety, securing cryptocurrencies offline. However, hardware wallets can be inconvenient when it comes to accessing them and transferring funds, while they also incur a cost to purchase the physical cost.

Are Bitcoin wallets free?

Yes, in the vast majority of cases, online Bitcoin wallets are free to download and maintain. With that said, sending Bitcoin out of the wallet will attract a blockchain mining fee. Moreover, opting for a hardware wallet like Trezor or Ledger Nano will attract a fee, not least because it comes in the form of a physical device. 

How do I get a Bitcoin account in the UK?

The easiest, safest, and most cost-effective way to get a verified Bitcoin account in the UK is to opt for a non-custodial software wallet such as Best Wallet, our top overall pick. Not only is it possible to safely and securely purchase BTC on the app, which is available on iOS and Android, but the app also has an in-built DEX - allowing for trades on thousands of tokens - and unique insights on new and trending tokens. It is also hosting an airdrop for its native token $BEST.

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_{Copy Trading does not amount to investment advice.  The value of your investments may go up or down.  Your capital is at risk.}

_{Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.}

_{eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.}