Best Crypto Wallet in the UK

What is a crypto wallet?

A cryptocurrency wallet is just a way to store a secret key to access your cryptocurrency. The wallet is needed to store, exchange and conduct transactions with digital currencies.

Cryptocurrency wallets are divided into "hot" and "cold" wallets. The former are intended for active use and online trading. The latter are hardware systems without direct access to the Net and are simply paper carriers with printed access keys that must be entered manually.

Software wallets work through a browser or are installed on a computer and smartphone. User information and transaction data may only be stored on the developer's server, but more often everything is downloaded to the cryptocurrency wallet owner's device.

These are "hot" wallets with a connection to the network. They can be used to conduct operations with funds conveniently and quickly, but they are more vulnerable to attacks of intruders. That's why it's better not to place large amounts of money on them.

A hardware wallet is the safest option for storing savings. Transactions, of course, are conducted online, but all private keys are placed on a physical medium in a "cold" form.

Such devices allow you to work with your assets by physically confirming actions with the push of a button. This helps protect you from losing money even if your smartphone or computer gets hacked. For the bulk of your coins, it is better to use just such a cryptocurrency wallet.

How to Choose the Crypto Wallet in the UK?

Best Crypto Wallets

Best Hardware cryptocurrency wallets

Hardware wallets are considered the most secure for storing cryptocurrency. Their private keys are generated locally and are not transmitted anywhere. To protect against hacking and viruses, special secure chips are used, transactions are confirmed by entering a pin code, and a mnemophrasis (seed) is generated to restore access. Well-known manufacturers of hardware wallets are Ledger, Trezor, Safepal, KeepKey, Cool Wallet, Digital Box. We recommend buying any of them, as they provide maximum protection for cryptocurrency assets.

Ledger Nano S Plus

Investing in cryptocurrency is a risky endeavor, but with the new Ledger Nano S Plus, you can secure your assets and explore Web3 with confidence. The average daily volume of Bitcoin transactions has increased significantly in recent months, making it a prime target for short sellers. However, with the Nano S Plus, you can help to protect your investment by keeping your private keys offline. In addition, the Nano S Plus is DeFi and NFT-friendly, so you can participate in the growing world of decentralized finance and collectibles. With its sleek design and easy-to-use interface, the Nano S Plus is the perfect way to take your first steps into the world of Web3.

Trezor        

Another well-known manufacturer is Trezor. It produces two types of cryptocurrency wallets - One (53 euros) and Model T (189 euros). Delivery time from the Czech Republic 2-3 weeks, the cost of 9 euros. You can buy the device by bank card, Google Pay, for bitcoins or litecoin. Wallet supports cold storage of 1000+ cryptocurrencies.

SafePal

We can also mention wallets from SafePal. A relatively inexpensive wallet among analogues, but quite functional. The company-manufacturer raised funding with the help of the Binance exchange. The device has a large screen, a lot of security features, more than 10 thousand supported cryptocurrencies. Also works with NFT-tokens.

CoolWallet

Coolwallet is another manufacturer of hardware wallets with a good reputation. It produces quite expensive devices (over 10,000 rubles), but in a very convenient form factor - the size and shape resemble a plastic card, which makes it convenient to carry the device around. Coolwallet Pro supports more than 60 cryptocurrencies and all the tokens placed on the blockchain Binance Smart Chain, Ethereum, Tron.

Best Desktop (local) wallets for cryptocurrencies

Desktop cryptocurrency wallets are a convenient option for managing funds for those who often make transactions from a computer or laptop. Such wallets have a fairly good level of security, work quickly and stably. There are desktop wallet options for almost all existing cryptocurrencies, both top (Bitcoin, Ethereum, Ripple) and rare ones.

Exodus

Exodus Multicurrency wallet is available as an application for computers, an extension for browsers and in mobile format. Exodus has a user-friendly interface and is suitable for beginners. It supports hundreds of cryptocurrencies and allows not only to store, but also to buy, sell and exchange funds. There is no fee for using the wallet - only for transactions with funds in blockchain networks.

Exodus can be linked to the Trezor hardware wallet, which allows you to secure large cryptocurrency holdings.

Jaxx Liberty

Jaxx Liberty supports dozens of cryptocurrencies - Bitcoin, Ethereum, Litecoin, Dogecoin and many others. The wallet works on Android, iOS, macOS, Windows, Linux and Google Chrome. All private data is stored locally on the device.

In the app, you can accept and transfer funds, check the history of transactions, and exchange currencies. Also Jaxx Liberty offers to track and compare the changes in the value of popular coins on different time intervals - from an hour to a month. In addition, there is a section with trends and the latest news in the field of cryptocurrencies.

Electrum

Electrum is a lightweight software cryptocurrency wallet that supports most major modern platforms: Windows, MacOS, Linux and Android. The wallet has been on the market since 2011 and accounts for about 10% of all bitcoin transactions. It is one of the most time-tested and reliable hot wallets for bitcoin storage.

Best Online Wallets

Online wallets are convenient for new users. They are not inferior in functionality to desktop applications and do not require installation on the device.

MyEtherWallet (MEW)

MyEtherWallet, or MEW, is one of the most popular and reliable services for Ethereum blockchain. It can be used to receive and send funds to an account, exchange currencies, and generate passive income through stacking.

When opening a new account, all processes are performed locally. Private keys and passwords are only stored on the user's devices. For more security, MEW can be linked to hardware wallets and keep funds on them "cold". The service is available through mobile apps for iOS and Android, as well as through an extension for Google Chrome.

Matbea

One of the safe services for saving cryptocurrencies is the Matbi Wallet. According to official information, by February 2, 2022 (in 8 years of operation), the storage has never experienced any failures. The developers also assure that they provide clients with a flexible security system. Cryptocurrency wallet has a three-factor authentication (3FA). Each time you log in to your personal account and make a transaction, you have to go through three levels of protection.
The creators of Matbea wallet keep the private keys of the user vaults on their servers. This means that the site in question is a custodial service. If Matbea's data center is hacked by attackers, they will have access to the wallets of all registered customers.

Through the GitHub repository, cybersecurity engineers can obtain the source code of the web service to check for weaknesses in it. By 2022, users had never found any serious vulnerabilities.

Blockchain Wallet

Blockchain Wallet is one of the most popular online wallets supporting Bitcoin, Ethereum, Tether and other cryptocurrencies. The wallet has a user-friendly interface, implemented internal exchanger and farming system. In the future, the developers plan to integrate margin trading into the wallet protocol.

An exchanger is implemented inside the wallet. It allows you to trade cryptocurrency in real time, using quotes from the Blockchain Wallet Exchange.

Coinfy Wallet        

Coinfy is a multi-currency web wallet that provides users with a convenient interface to manage their cryptocurrencies such as BTC, ETH and ERC-20 tokens. Each user owns their own private keys.

Guarda

Guarda is one of the most functional cryptocurrency wallets; it is available on all major mobile and desktop platforms and supports 400,000+ cryptocurrencies and tokens (all assets on 50 blockchains). The wallet is non-custodial, which means it gives the user full control over their keys.

The wallet also provides additional features - stacking, crypto loans, token generation service, own token, referral program. Supports work with hardware wallets.

Lumi

Lumi is a secure, easy-to-use bitcoin wallet that is suitable for new and experienced users alike. It combines a user-friendly design with high functionality. Private keys are under customer control and are never sent or stored outside of your device. There is no need to provide any personal information and no registration is required. Simplicity, user-friendly design and quick connectivity make the app easy to use. You can send and receive bitcoins in just a few clicks. If you lose your device or any other circumstance, your wallet can be recovered with a 12-word mnemonic phrase.

HolyTransaction

HolyTransaction is a cryptocurrency wallet, which is often seen in ratings of the best wallets in Europe and in news feeds of Western European cryptocurrency media. HolyTransaction multicurrency wallet is convenient and easy to use. It is these characteristics that have ensured its wide popularity among traders and investors, as well as enthusiasts working with digital assets.

HolyTransaction was founded in 2014 with the goal of developing products that would support not only the most in-demand coins, but also the entire list of potentially popular cryptocurrencies. It was focused primarily on the Western European market, was registered in Luxembourg, under whose jurisdiction it still exists.

HolyTransaction wallet entered the cryptocurrency market in late 2014 and gained a foothold there in 2015 by supporting several sensational cryptocurrencies that were slow to add other multi-currency wallets.

BitGo

Cryptocurrency wallet BitGo Wallet has a simple and clear interface, a good level of security and the ability to use multi-signatures for transactions. When carrying out a transaction, the system will require three keys for confirmation, two of which you have and one on the server. Convenient and practical wallet, it is easy and simple to work with it, plus it has good protection and great functionality.

Best Mobile Crypto Wallets

Mobile wallets store private keys, which give access to transactions and are controlled solely by their owner, in encrypted form on the user's local device.

Trust Wallet

This cryptocurrency wallet is suitable for Binance coins, but it is also compatible with a wide range of other currencies. For security, you can use two-factor authentication, Google Authentication, as well as SMS or email verification. Trust Wallet places most of its currency on cold storage servers, from which it is quite difficult to steal funds.

You don't have to pay commissions for either the wallet or the currency exchange. But a percentage is charged on blockchain transactions. Through Trust Wallet you will also be able to exchange cryptocurrencies, and you don't need to withdraw them to any third-party platforms to do so. With Wallet Connect, you can link your wallet to sites integrated with it and quickly log into accounts or confirm transactions.

Trust Wallet has an option to buy cryptocurrencies. At the moment, the option is available through MoonPay and Simplex services. But you can, of course, buy cryptocurrency anywhere and just send it to your wallet.

Service works only through mobile applications for Android or iOS, there is no option for computer (should appear soon).

Trustee wallet

Trustee Wallet - a decentralized cryptocurrency wallet, which means that only the user who downloaded the application and recorded the Recovery Phrase (unique master key) can immediately start working with cryptocurrencies. The commission for transactions anywhere in the world between cryptocurrency wallets is 0%, only a small cost to include the transaction in the blockchain. Cryptocurrencies can be purchased directly from a bank card with no identification or paperwork, and Smart Swap allows you to find the best deals for transactions.
In addition to purchase, cryptocurrencies can be withdrawn directly to bank cards, which distinguishes the wallet from competitors.

Paper cold wallets

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BitAddress is a way to create a paper wallet online.

All you do is move your mouse around the screen to "generate some randomness" which then creates a private key and a public key.

It can then be imported into another wallet system (using a WIF key) or printed out and stored offline as cold storage.

Decentralized Wallets (DeFi Wallet)

MetaMask

MetaMask is available as a browser extension and mobile app. Through it, you can interact with almost all popular programs and sites that are associated with blockchain. The wallet is quite limited in the number of supported networks. Among the popular ones are Ethereum, Polygon, and Avalanche. It will not be able to store, for example, Bitcoin.

MetaMask can be connected to Trezor and Ledger hardware wallets. Its features are similar to Trust Wallet.

Argent

Argent is a secure smart wallet for cryptocurrencies that not only allows you to store and send coins, but also to sell them on a built-in exchange, take a loan against them or invest at interest. It does not store user's keys and Sid-phrases, supports security measures such as setting daily limits, biometric blocking, etc.
Argent is available as an app for iOS and Android; it's free and available anywhere in the world. The main differences from other existing wallets: no transaction fees (gas), no seed-phrase for recovery, the ability to set trusted contacts and block your account for security purposes.

BEP-20 token wallets

BEP-20 is the token standard adopted by the Binance Smart Chain (BSC) network. There are quite a few of these tokens, as the network has become popular due to the high speed and low cost of transactions.

Atomic Wallet

Atomic Wallet supports more than 300 currencies and tokens. The service offers not only a wallet for storage, but also the purchase and exchange of funds. To work with it, you can use the program for Windows, macOS and Linux, as well as a mobile application for iOS and Android.

To track exchange information, there is a section with cryptocurrency price monitoring, which displays rates at the moment and a graph of changes over the week. The developers do not collect user data, and a 12-word seed code is used to restore access to the wallet. Atomic Wallet offers a passive annual staking income when storing funds in multiple types of coins. Currency placement is available in the Staking section.

Binance Chain Wallet        

Binance Chain Wallet - a wallet for storing cryptocurrencies and tokens, available as an extension in Chrome, Firefox, Edge and Brave browsers. It is designed to work with Binance Chain and Binance Smart Chain networks, as well as Ethereum. With Binance Chain Wallet you can connect to decentralized applications and manage your funds in DeFi and GameFi protocols.

MathWallet

Math Wallet is a multiplatform cryptocurrency wallet that supports 70 different blockchains. Available in four versions: mobile app, web (online wallet), browser extension and hardware devices. Internal cryptocurrency represented by MATH token. SWFT Blockchain crosschain technology is offered to facilitate work between supported blockchains, which interacts simultaneously with different platforms without resorting to centralized exchanges. Interaction with decentralized applications - Math DApp Store - is also developed.

Cryptocurrency wallets Math Wallet is developing its own platform MathChain to which MATH tokens will eventually migrate.

Wallets for ERC20 tokens

List of local wallets for ERC-20 token:

Mobile applications (Android, IOS):

Web wallets for storing ERC-20 token:

Hardware wallets:

Multicurrency wallets for cryptocurrencies

Best Wallets for Bitcoin (BTC) in UK

Wallets for MacOS, Windows, Linux:

Online Wallets:

Mobile applications (Android, IOS):

Hardware cryptocurrency wallets:

Wallets for Ethereum (ETH)

Local wallets for Ethereum cryptocurrency:

Mobile applications (Android, IOS):

Wallets for Cardano (ADA)

Web Services:

Wallets for Solana (SOL)

Bottom line

So, these are the best wallets for cryptocurrency in our opinion. They all have great features and offer good security. But it is important to choose a wallet that meets your needs. If you want a multicurrency wallet that is easy to use, we recommend Trust Wallet. If you are looking for more security, then Ledger Nano S Plus is a great option. And if you need convenience when withdrawing or depositing funds, Coinbase is definitely the best choice. We hope this article has helped you make an informed decision about which wallet is right for you!

FAQS

Which crypto wallet is best for UK?

There is no definitive answer to this question as different crypto wallets cater to different users’ needs and preferences. However, some of the most popular crypto wallets for UK users include Coinbase, Blockchain, and MyEtherWallet.

Coinbase is a user-friendly wallet that is great for beginners. It offers support for a wide range of cryptocurrencies and allows you to buy and sell cryptocurrencies directly from the wallet. Blockchain is another popular option that offers a wide range of features, including support for Bitcoin, Ethereum, and Litecoin. MyEtherWallet is also a popular choice as it allows you to store your cryptocurrencies in an offline environment for added security.

Which crypto wallets are most secure?

There are a few different factors to consider when it comes to the security of a crypto wallet. First, you need to decide which type of wallet you want to use. There are three main types of wallets: web-based, downloadable, and hardware. Web-based wallets are convenient because they can be accessed from any internet-connected device, but they are also less secure because your private keys are stored on a server that could be hacked. Downloadable wallets are more secure because your private keys are stored locally on your computer, but they can be difficult to set up and use. Hardware wallets are the most secure option because they store your private keys offline on a physical device, but they can be pricey and inconvenient to use.

Is Coinbase a good wallet UK?

There are a number of different cryptocurrency wallets to choose from, and Coinbase is one option that is available in the UK. Coinbase is a popular online wallet that allows you to store Bitcoin, Ethereum, and Litecoin. It is easy to use and has a user-friendly interface.

Coinbase also provides a mobile app so that you can access your funds on the go. However, it is important to note that Coinbase is not a 100% secure platform, and there have been reports of users losing funds due to hacking attacks. So if you are storing a large amount of cryptocurrency in Coinbase, it may be wise to also invest in a more secure hardware wallet.

What is the best and safest Bitcoin wallet?

There are many different types of cryptocurrency wallets, but the most popular type is a software wallet that is downloaded to your computer or phone. Popular software wallets include Coinbase and MyEtherWallet.

Hardware wallets are also becoming more popular, and these are physical devices that store your Bitcoin offline. This makes them incredibly secure, as they are not connected to the internet and therefore cannot be hacked. The most popular hardware wallet is the Trezor.

Whichever type of wallet you choose, it's important to make sure you back up your Bitcoin regularly in case your device is lost or stolen.

Does Trust wallet work in UK?

Yes, Trust wallet does work in the UK. Trust wallet is a cryptocurrency wallet that can be used to store various types of cryptocurrencies. The wallet is available for both Android and iOS devices. In order to use theTrust wallet, you will need to create an account and set up a PIN. Once you have done this, you will be able to add cryptocurrency wallets to your account. You can then use theTrust wallet to buy, sell, and hold cryptocurrencies.

Disclaimer:

You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert. This website's opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent investment advice.