Best Crypto Wallets UK

best crypto wallet uk
This guide will help you compare pros and cons and choose the best crypto wallets UK.

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The best crypto wallets UK are digital storage for cryptocurrency. A crypto wallet is an essential item if you wish to buy, sell, and exchange cryptocurrencies like Bitcoin and Ethereum. Each wallet has a unique address. This unique address is used for transactions and to ensure a secure and safe process.

There are many crypto wallets available for UK customers, and many are included with crypto trading platforms. In this guide, we look at the five of the best Crypto Wallets UK for your benefit.

1. Coinbase

Coinbase is one of the most popular crypto exchanges for UK customers. It has an excellent reputation and caters to all levels of investors – from first-time users to seasoned trading experts.

When registering a Coinbase account, you are automatically given a unique Coinbase wallet. This is accessed via the desktop app or the Coinbase mobile app. This wallet is easy to use and beginners will love the simplicity of the platform. You can quickly buy crypto using a debit card for example, or swap cryptocurrency pairs.

Alternatively, there is the dedicated Coinbase wallet app. This is available for iOS and Android devices and acts as a dedicated wallet. The Coinbase wallet app is similarly easy to use. It facilitates crypto trading to other platforms and other wallets. You are given a clear overview of your current investments, and can also send and receive using QR codes. All Coinbase logins also require 2FA authentication which is a huge plus.

We also like that Coinbase has an easy-to-use trading platform. You have access to hundreds of cryptocurrencies and can easily manage your portfolio and wallet.

Features

  • Has a mobile app and a separate wallet app
  • Can make deposits via bank transfer and debit card
  • Fully licensed from the FCA

Pros

  • The platform and wallet are incredibly user-friendly
  • Supports a wide range of cryptocurrencies
  • The mobile wallet is easy to manage
  • Also includes a full user-friendly trading platform
  • 2FA authentication is required for logins

Cons

  • There is a 3.99% fee for debit card deposits

2. Binance

Like Coinbase, Binance also has a brilliant reputation. It has experienced some issues and resistance for UK customers, but the company has taken great steps to boost security. For example, all logins require email verification and 2FA. This can be a lengthy process, but it also results in some of the best account and wallet security available.

Binance offers unique wallets for all its registered users. Alternatively, if you want a dedicated wallet like the Coinbase mobile app wallet, there is also the Binance Trust Wallet available for smartphones. The Binance Trust Wallet gives you full access to your private keys.

You can access your Binance wallet via your user dashboard. This includes easily accessing your unique address wallet so that you can transfer crypto to it from other platforms and sources. Binance also facilities instant crypto purchases to your wallet using traditional methods like debit cards and bank transfers.

We also like that you can change your Binance dashboard and mobile app layout depending on your level of experience. For example, there is a simple or advanced setup for the mobile app and wallet. Binance also has the huge benefit that the majority of clients’ funds are stored in offline cold storage. 

Features

  • Trading commission as low as 0.1%
  • Has both simple and advanced trading tools
  • Has a mobile app to easily access your wallet
  • Also has instant buy and sell features for newbies
  • Great security with multiple security checks for logins

Pros

  • Supports hundreds of cryptocurrency pairs
  • You can purchase cryptocurrency using debit and credit cards
  • The mobile app has a simple or advanced mode to cater to all types of investors
  • Optional Binance Trust wallet for mobiles

Cons

  • Beginners could find the platform initially overwhelming
  • Has a 2% charge for credit and debit card deposits

3. Coinjar

Coinjar is another platform that provides a cryptocurrency exchange and a secure crypto wallet for UK customers. The company was originally founded in Australia and it is regulated and licensed there. However, it has recently entered the UK marketplace too.

Coinjar provides an extensive cryptocurrency exchange where you can trade hundreds of crypto pairs. However, it also features a separate fully-fledged wallet. The wallet is available as a mobile app for iOS and Android devices.

We like the simplicity of the app. On loading it, you are shown an overview of your wallet’s contents. You can then easily send, convert, receive, and make deposits to your wallet. It is also easy to access the unique address of your wallet so you can send and receive crypto from other exchanges or sources.

Coinjar also supports instant purchases to your wallet using credit and debit cards. Moreover, unlike many platforms, Coinjar does not charge any deposit fees. There are also no fees if you wish to withdraw funds from your wallet to a UK bank account. This makes it one of the most cost-effective UK crypto wallets available.

Features

  • Huge cryptocurrency exchange
  • Secure mobile Bitcoin wallet for iOS and Android
  • Users can create ready-made crypto portfolios
  • Regulated by the ATRAC (Australian Transaction Reports and Analysis Centre)

Pros

  • The fee structure is relatively low
  • The CoinJar mobile wallet is user-friendly
  • Supports a wide range of cryptocurrencies
  • Also has advanced trading tools

Cons

  • Not regulated by any UK authorities

4. Exodus

Exodus is a dedicated provider of cryptocurrency wallets. It currently offers three different types of wallets – a desktop wallet, a mobile wallet, and a hardware wallet. If you want a wallet that is not tied to a specific trading platform, Exodus is the best provider for UK customers.

The desktop wallet is easy to use and supports 150+ cryptocurrencies. It allows you to easily swap cryptocurrencies to diversify your portfolio. Also, you can easily send crypto and receive crypto to other wallets using QR codes.

All wallets are also encrypted using private keys. This is a great level of security and means that only you should have access to your wallet.

The mobile wallet is available for Android and iOS devices. It syncs automatically with your desktop wallet and gives you crypto access on the go. Lastly, there is also a hardware wallet that is created in conjunction with Trezor. This is a physical crypto wallet and one of the most secure storage options available. If you want the best level of security for your investments, a hardware wallet is certainly the way to go.

Features

  • Offers a variety of wallets including hardware support
  • All wallets have a useful “restore” feature
  • 24/7 customer support
  • Currently supports over 150 cryptocurrencies

Pros

  • One of the few platforms to offer hardware wallets
  • Can send and receive crypto using QR codes
  • Wallets are available as desktop or mobile versions

Cons

  • May not include 2FA authentication

5. CoinCorner

If you only want to trade Bitcoin, CoinCorner is a brilliant option. This is a dedicated trading platform and wallet that specializes in Bitcoin transactions. Many people, for example, buy regular small amounts of Bitcoin as a long-term investment.

The wallet makes purchasing Bitcoin incredibly easy. Anyone can understand the process and you can make purchases in as little as 10 minutes. Purchases to your secure wallet can also be made using bank transfers and debit cards. 

For regular investments, we also like the auto-buy feature. This allows you to set up a standing order with your bank account. For example, you could create a standing order to purchase £20 of Bitcoin on the Friday of each week.

You can also manage your wallet on the go via the secure CoinCorner wallet mobile app. This app is available for Android and iOS devices. Like the desktop platform, it is also easy to use. Compared to some other platforms, we also like that CoinCorner has a low payment fee of just 1%. For simple Bitcoin investing and security, CoinCorner offers a great no-fuss solution for newbie investors.

Features

  • Secure CoinCorner wallet mobile app
  • Facilitates recurring purchases for Bitcoin
  • Has an extensive reward program with over 1000 businesses

Pros

  • Great for those who have limited knowledge of wallets
  • Direct purchases via bank transfer and debit card
  • Has an incredibly quick process for purchasing cryptocurrencies
  • The mobile app is easy to use

Cons

  • Only allows for the purchase and storing of Bitcoin
  • Does not have a great variety of trading tools

The Best Crypto Wallets UK – Our Verdict

Before investing in cryptocurrencies like Bitcoin, it is essential to sort a crypto wallet. Without a wallet, you do not have a secure place to store your assets. Luckily, as you can see from our list of the best crypto wallets UK, there is a great selection to choose from.

Most reputable cryptocurrency platforms include a wallet when you create an account. This makes it incredibly convenient. Alternatively, there are dedicated providers like Exodus who specialize in crypto wallets. Our top pick is currently Coinbase. Coinbase is one of the top crypto exchanges, but it also has an excellent wallet. It benefits from great security, accessibility, and usability.

If this guide to the best crypto wallets UK helped you, please recommend DigitalSupermarket.

Compare Crypto Wallets

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