Best Crypto Wallet in the UK: 18 Top Picks for 2023
Cryptocurrency adoption is increasing in the UK. A survey by the UK Financial Conduct Authority found that 2.3 million adults in the UK now own crypto assets in their crypto wallets. This indicates an increase of about 400,000 from the previous year.
As more people acquire digital currencies, the need for secure and convenient storage solutions also rises. This makes crypto wallets an essential tool for any UK crypto investor.
Crypto wallets allow users to store private keys and interact with various blockchains to monitor balances, send and receive digital currencies, and more.
With so many options available, finding the right crypto wallet can be daunting. This article provides a comprehensive guide to the 18 best crypto wallets in the UK currently available for crypto holders.
We evaluated various factors to select the top-rated crypto wallets highlighted in this guide, including security, ease of use, cost, coin support, and unique features.
Whether you’re a beginner looking for your first wallet or an experienced investor wanting to upgrade to more advanced storage, you’ll discover the ideal wallet for your needs here. Read on to learn all about the leading crypto wallets available to users in the UK.
Table of Contents
What is a crypto wallet, and how it works
A cryptocurrency wallet is a software program that allows you to store, send, and receive digital currencies like Bitcoin, Ethereum, and other cryptocurrencies.
Because cryptocurrency doesn’t exist physically, your wallet holds no coins. Instead, all crypto transactions are recorded and stored on the blockchain — a decentralised, distributed ledger.
Some cryptocurrencies like Bitcoin and Litecoin have their own official wallet apps and software. Some wallets enable you to store multiple cryptocurrencies within the same wallet.
It’s important to note that different cryptocurrencies have different address formats. You can only send coins between compatible wallet addresses. For example, you need to send Bitcoin to a Bitcoin wallet address and Ethereum to an Ethereum wallet address.
Instead of holding physical coins, a crypto wallet stores your public and private keys, which are crucial to accessing your cryptocurrencies.
The public key is your bank account number that others can use to send you coins. The private key is like the PIN number that gives you access to your wallet and allows you to authorise transactions.
As well as securely storing your public and private keys, a crypto wallet interacts with various blockchains to enable you to monitor your balance, send and receive digital currencies, and conduct other transactions.
When you want to receive cryptocurrency, the sender needs your wallet’s public address to send you coins. The private key is used to digitally sign transactions when you want to spend or send coins to another address. Without access to the private key, the coins cannot be spent.
Many wallets generate a 12 or 24-word “seed phrase” when first set up. This phrase can be used to restore access to your wallet and coins in case you lose access to the wallet.
Different types of crypto wallets are available, including software/desktop wallets, mobile wallets, web wallets, hardware wallets, and paper wallets.
Mobile Wallets vs. Hardware Wallets
When choosing a crypto wallet, one of the key decisions you’ll need to make is between a mobile wallet and a hardware wallet. Both options have their advantages and considerations to keep in mind. Let’s explore the differences:
Mobile wallets like Coinbase Wallet, swissmoney, and Edge offer convenience and accessibility. They are software-based wallets that you can install on your smartphone or tablet. Here are some key features and considerations:
- Ease of use: Mobile wallets are designed to be user-friendly, making them a popular choice for beginners. They have intuitive interfaces, making it easy to send, receive, and manage your cryptocurrencies.
- Accessibility: Mobile wallets provide easy access to your assets wherever you are, as long as you have your mobile device. This makes them suitable for frequent transactions.
- Security: While mobile wallets implement various security measures, such as encryption and two-factor authentication, they are still susceptible to potential security threats. Your crypto holdings are stored on your device, which means there is a risk of loss or theft if your device is compromised.
- Control: Mobile wallets give you control over your private keys, allowing you to manage and control your funds directly. However, it’s important to note that if your device is lost or damaged and you don’t have a backup, you may permanently lose access to your funds.
These wallets, such as Ledger, are physical devices designed explicitly for storing cryptocurrencies securely. Here are some key features and considerations:
- Enhanced security: These wallets provide an extra layer of security by keeping your private keys offline, away from potential online threats. They resist malware and hacking attempts, offering higher protection for crypto assets.
- Cold storage: These wallets use a concept called “cold storage,” which means your private keys are generated and stored offline on the device. This significantly reduces the risk of your keys being exposed to the internet.
- Backup and recovery: They typically provide a recovery seed or phrase that allows you to restore your funds on a new device if your hardware wallet is lost, stolen, or damaged. This ensures you can recover your assets even if your hardware wallet is compromised.
- Limited accessibility: They require a physical computer or mobile device connection to manage your cryptocurrencies. This can be less convenient than mobile wallets regarding frequent transactions or accessing your assets on the go.
Consider your specific needs and preferences when choosing between a mobile wallet and a hardware wallet. If you prioritise convenience and accessibility, a mobile wallet may be the right choice.
However, if security is your utmost concern and you want to protect a significant amount of crypto assets, a hardware wallet offers the highest level of security.
What you need to know before choosing a crypto wallet
When selecting a cryptocurrency wallet, there are several important factors to consider:
The whole point of a crypto wallet is to keep your funds safe. When assessing security, consider encryption, multi-signature support, and hacking resilience. Crypto hardware wallets like Trezor offer excellent security.
Pay attention to who controls the private keys that enable access to your crypto funds. With custodial wallets like Coinbase, the exchange controls your keys. With non-custodial wallets, you control them. This makes non-custodial wallets like Exodus more secure, but the responsibility lies with you.
Check which cryptocurrencies are compatible with the wallet you want. Some support hundreds, while others only support Bitcoin wallet addresses. Look for wallets like Trust Wallet that support a wide variety.
The wallet interface and user experience matter. You want something intuitive and easy to use. Coinbase and swissmoney provide very user-friendly wallets. Technical ones like Electrum might be confusing for beginners.
How you access a wallet is key. Web wallets like MetaMask plug into your browser. Mobile wallets like Jaxx Liberty work via a smartphone app. Desktop wallets like Exodus have PC software. Hardware wallets use a physical device. Consider your needs.
Some free crypto wallets like Jaxx Liberty and some premium ones like Ledger charge fees. Hardware wallets tend to have costs, while web and mobile wallets are often free. Watch for hidden fees, too.
Some wallets like Electrum enable anonymous crypto use by not requiring personal information during setup. Others, like eToro, require your ID. Gauge your privacy needs.
Good customer service can assist if you encounter any issues with transactions or using wallet features.
Backup & recovery
Ensure the wallet offers backup and restore options in case you lose access. Recovery phrases, private keys, and other fail-safes are vital.
You can select the ideal crypto wallet for your specific circumstances and requirements by weighing all these key factors.
Wallets for specific use cases
Crypto wallets are not one-size-fits-all. Different users have different needs and priorities when managing their crypto assets. Here are some wallets in the UK tailored to specific use cases:
Wallets for frequent traders
For those actively trading cryptocurrencies, wallets with built-in exchange services can be beneficial. These wallets, such as eToro, swissmoney, and Coinbase, allow you to exchange cryptocurrencies directly within the wallet interface. They provide seamless access to real-time market data, trading tools, and order placement features, making them ideal for frequent traders.
Wallets for long-term investors
Long-term investors primarily focused on holding and accumulating cryptocurrencies may prefer wallets with features like staking and earning interest on crypto holdings. Wallets like Coinbase Wallet and eToro provide opportunities to earn passive income through staking or participating in decentralised finance (DeFi) protocols.
Wallets for privacy-conscious users
If privacy is a top concern, wallets like Edge and Coinomi prioritise privacy features. They incorporate encryption, Tor integration, and other privacy-centric technologies to protect user data and transaction information. These wallets ensure that your sensitive information remains confidential and your transaction history is not easily traceable.
Wallets for diversified portfolios
For users with a diverse range of cryptocurrencies, multi-coin wallets like Coinomi are an excellent choice. These wallets support a wide variety of coins and tokens, allowing you to manage all your crypto holdings in one place conveniently. With support for over 125 cryptocurrencies, Coinomi provides versatility and flexibility for those who hold multiple digital assets.
Consider your specific use case and requirements when choosing a wallet. Whether you’re a frequent trader, long-term investor, privacy-conscious user, or have a diversified portfolio, there is a wallet that caters to your needs. Evaluate the features and capabilities of each wallet to find the one that aligns with your goals and preferences.
Remember to consider factors like security, ease of use, supported assets, and any additional features that may be important to you. Selecting a wallet tailored to your specific use case can enhance your crypto experience and ensure your digital assets’ secure storage and management.
18 Best Crypto Wallet UK
With cryptocurrencies gaining mainstream traction, the need for secure and convenient crypto wallets has also increased. There are now dozens of crypto wallets in the UK marketplace. In this section, we review the top 18 best crypto wallets in the UK for storing your digital assets.
eToro has established itself as a trusted name in the crypto industry, providing a comprehensive platform for trading and wallet services. With the eToro wallet, you can securely manage your crypto assets and use the wide range of supported cryptocurrencies.
The eToro wallet offers a user-friendly interface, making it suitable for beginners and experienced users. It provides a seamless experience for buying and selling cryptocurrencies directly within the app. Plus, eToro’s custodial wallet ensures the security and protection of your digital assets.
Whether you’re a crypto enthusiast or a seasoned trader, eToro’s wallet services provide a convenient and reliable solution for managing your crypto portfolio. With support for over 120 cryptocurrencies, you can access various digital assets within the eToro wallet.
Type: Custodial web and mobile wallet
Supported assets: 120+ cryptos and tokens
- Beginner-friendly and easy-to-use interface
- Built-in social and copy trading tools
- Instant buy/sell of crypto with debit card, PayPal, or bank transfer
- Secure storage with majority funds in cold storage
- Mobile app available
- Regulated by the FCA
- Not suitable for advanced crypto users who want total control of private keys
Coinbase built its reputation as one of the world’s largest crypto exchanges. Coinbase Wallet represents the company’s standalone app for managing digital assets and interactions.
Available on mobile and as a browser extension, Coinbase Wallet allows you to store crypto securely while accessing decentralised apps and NFT marketplaces. Your keys are encrypted on your device for security.
Coinbase Wallet supports over 500 cryptocurrencies and more than 10,000 NFT collections. You can buy and sell crypto directly in-app through Coinbase Pay. This wallet makes connecting to the broader decentralised web easy for users.
Type: Hot custodial wallet
Supported assets: 500+ cryptos and more than 10,000 NFT collections
- Very simple to use
- Educational resources for beginners
- Backed by significant venture capital investors
- Beginner-friendly mobile app
- Insured against theft or hacks
- Higher fees than some wallets
- Limited customer support options
swissmoney is a relatively new crypto wallet launched in 2021, but it has quickly gained traction as a secure and innovative option for UK crypto holders.
It was founded by a team of blockchain and cybersecurity experts looking to provide a user-friendly yet highly secure wallet solution. Based in Switzerland, swissmoney strongly focuses on privacy and aims to bring enterprise-grade security features to a consumer wallet offering.
Within a short span, swissmoney has built a reputation for its elegant and intuitive interface that makes cryptocurrency management accessible for beginners while also packing advanced functionality for experienced users.
Type: Custodial mobile wallet
Supported assets: BTC, ETH, USDC, USDT, and TRX cryptocurrencies
- Intuitive and easy-to-use interface
- Cutting-edge security features
- Active development and regular updates
- Quick access to swap or buy crypto assets
- Still a relatively new company, so it lacks the reputation of competitors
Exodus is a popular software wallet with support for over 100 cryptocurrencies. This wallet offers an attractive user interface with robust charting and portfolio management tools.
Available for desktop and mobile devices, Exodus provides users with private key control and full ownership. Sensitive data is secured through encryption and secret phrases. The software is open-source for transparency.
Exodus aims to be an all-in-one portal for crypto finance. In addition to storage and transactions, the wallet enables staking, lending, and exchange services through partners. With solid security and many features, Exodus is a top contender for many crypto investors.
Type: Hot desktop and mobile wallet
Supported assets: Nearly 100 cryptos
- Great user experience and intuitive interface
- Built-in exchange feature
- In-wallet staking rewards
- Available for desktop and mobile
- Not as secure as cold storage options
- Limited customer support
Mycelium is one of Android and iPhone’s most popular mobile wallets. The core Mycelium wallet offers storage and transactions for Bitcoin, Ethereum, and ERC-20 tokens.
This software wallet emphasises security, with private keys and transaction signing handled entirely on your mobile device. Mycelium also integrates with Trezor wallet for added protection.
Other features include fiat currency exchanges, PIN protection, and compatibility with third-party Bitcoin services. Mycelium has built a reputation as a highly secure and versatile mobile wallet. The free app continues to set the standard for crypto on the go.
Type: Hot mobile wallet
Supported assets: Major cryptos only
- Smooth mobile experience
- Direct integrations with Trezor and Ledger
- Supports ERC-20 tokens
- Open source for transparency
- Limited coins supported compared to others
- Basic interface lacks some features
6. Trust Wallet
Trust Wallet is a popular mobile wallet option owned by crypto exchange Binance. This open-source wallet supports numerous crypto assets and DApps while empowering users to manage private keys.
Available as a mobile app for Android and iOS, Trust Wallet boasts a clean interface and supports NFT collection management. Users can interact with decentralised exchanges and staking directly through Trust Wallet.
Trust Wallet uses Secure Enclave and biometric technology to keep keys safe on your device. You don’t need to register personal details to use the wallet. Overall, Trust Wallet hits the mark for a user-friendly and highly secure crypto mobile wallet.
Type: Hot mobile wallet
Supported assets: Wide multi-chain support
- Access Web3 dApps and DeFi protocols
- NFT support and marketplaces
- Staking functionality
- Backed by Binance
- Advanced features can be complex for beginners
- Majority of coins only supported on mobile
MetaMask is one of the most widely used crypto wallets, with over 21 million monthly active users. This software wallet comes packaged as a browser extension for major web browsers, including Chrome, Firefox, and Brave.
MetaMask lets users store and transact Ethereum, ERC-20 tokens, and other digital assets directly in the browser. You can interact with many decentralised apps and services without leaving your browser.
While MetaMask is convenient, users control their private keys. You can import existing wallets or create new ones easily. MetaMask continues to set the standard for usability and functionality through its browser integration.
Type: Hot browser wallet
Supported assets: ETH and ERC-20 tokens
- Easy access to Web3 dApps and DeFi apps
- Customizable gas fees
- Smooth browser integration
- Mobile app also available
- Only supports Ethereum assets
- Requires careful handling of the seed phrase
8. Ledger Nano X
The Ledger Nano X is one of the most popular hardware wallets on the market. Ledger is a significant player in the crypto security space, and the Nano X is their flagship product.
This hardware wallet has an OLED display and Bluetooth connectivity for easy use with Ledger’s mobile apps. It supports over 1,800 different cryptocurrencies. A significant advantage of the Nano X is the ability to access your wallet on iOS, Android, MacOS, Windows, and Linux devices.
The Nano X uses a secure element chip to protect your private keys from hackers and malware. If you lose your device, your seed phrase is the only way to restore access. This cold storage wallet provides excellent security in a convenient package.
Type: Cold hardware wallet
Supported assets: 1,800+ cryptos
- Robust security with offline storage
- Supports a vast range of altcoins
- Large storage capacity
- Bluetooth connectivity
- Certified malware proof
- Premium pricing
- Setup can be a bit complex
9. Trezor Model T
Trezor is another top-maker wallet. The Trezor Model T is the company’s premium offering, providing a touchscreen interface and support for over 1,600 cryptocurrencies.
Like Ledger, Trezor hardware wallet uses specialised hardware to keep private keys offline. Cryptocurrency transactions must be physically confirmed on the device. The Model T includes a microSD card slot for encrypted file storage.
This Trezor wallet can connect with mobile devices through its USB-C port. The interface is intuitive for both beginners and experts. Overall, the Trezor Model T delivers excellent security with more advanced features than the company’s cheaper wallets.
Price: £ 164
Type: Cold hardware wallet
Supported assets: 1,600+ cryptos
- Quad-core ARM processor for speed
- Unix-like OS for security
- Easy recovery seed access
- Supports most major cryptos
- Intuitive touchscreen
- No Bluetooth connectivity
- Premium pricing
Electrum is one of the most popular Bitcoin wallets for desktop users. This open-source software Bitcoin wallet emphasises security, privacy, and speed.
Electrum uses a form of cold storage, keeping your private keys offline for added protection. It allows users to set custom transaction fees to speed up confirmations when necessary. The Bitcoin wallet also uses encrypted seed phrases for restoration and allows for multi-signature support.
In terms of privacy, Electrum routes your transactions through Tor servers to conceal IP addresses. The wallet does not track how you spend your Bitcoin. Electrum is one of the top software wallets for desktop Bitcoin storage and transactions.
Type: Hot desktop wallet
Supported assets: Bitcoin only
- Long track record since 2011
- Lightweight and fast
- Customizable transaction fees
- Secure cold storage integration
- Advanced security features
- Only supports Bitcoin
- Dated user interface
11. Jaxx Liberty
Jaxx Liberty aims to unite convenience and control for crypto users. This multi-chain wallet is available on desktops, mobiles, and browsers.
Jaxx gives you control of private keys while providing a smooth user experience. All wallet data is secured with AES-256 encryption. The interface nicely balances usability with security features.
Jaxx Liberty supports 90+ cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dash and ERC-20 tokens. The wallet can be used across numerous platforms with a unified backup system. Overall, Jaxx aims to become the ultimate intersection of crypto security and accessibility.
Type: Hot multi-chain wallet
Supported assets: Around 80 cryptos
- Intuitive and easy to use
- Free download
- Decent coin support
- Seed phrase control
- Security issues in the past
- Lack of two-factor authentication
12. Atomic Wallet
Atomic Wallet is a decentralised wallet supporting more than 500 digital assets. Available on desktop and mobile, this wallet gives you complete control of private keys without registering personal details.
Built-in exchange features allow you to swap tokens directly through Atomic Wallet using its decentralised Atomic Swap technology. The wallet also enables staking to earn rewards on stored assets.
While offering an array of features, Atomic emphasises security through encryption. Your private keys and transaction data are not stored on company servers. This wallet provides a highly functional portfolio management interface without sacrificing security.
Type: Hot decentralised wallet
Supported assets: 500+ assets
- Decentralized and non-custodial
- Customizable interface
- Atomic swaps feature
- Multiple security options
- Weak customer support
- Can be slow at times
Edge wallet provides a user-friendly mobile interface, making it easy to manage your crypto assets on the go. The wallet supports major cryptocurrencies, allowing you to store and transact with popular digital assets securely.
What sets Edge apart is its commitment to privacy. The wallet employs strong encryption and other privacy-focused features to safeguard your data and maintain the confidentiality of your transactions. With Edge, you can have peace of mind knowing that your privacy is prioritised.
Whether you’re a privacy-conscious user or simply want an additional layer of protection for your crypto holdings, Edge wallet offers an excellent solution. Its combination of privacy features and robust security make it a top choice for individuals seeking a secure and private mobile wallet.
Type: Hot mobile wallet
Supported assets: Major cryptocurrencies
- Emphasis on privacy
- Secure encrypted data
- Easy mobile access
- Beginner friendly
- Only available as a mobile wallet
- Smaller coin selection
Coinomi offers compatibility with over 125 coins and tokens, providing users with a comprehensive selection of cryptocurrencies to store and manage. Whether you hold popular coins like Bitcoin and Ethereum or prefer to diversify your portfolio with lesser-known altcoins, Coinomi has you covered.
As a hot wallet, Coinomi provides convenient mobile access, allowing you to manage your crypto assets from the comfort of your smartphone. Its user-friendly interface and intuitive design make it accessible to beginners and experienced users.
With Coinomi, you can enjoy the benefits of a versatile multi-coin wallet, enabling you to store and transact with a diverse range of cryptocurrencies. Whether you’re a crypto enthusiast or a seasoned investor, Coinomi offers the flexibility and functionality to manage your digital assets effectively.
Type: Hot multi-coin wallet
Supported assets: Over 125 cryptos
- One of the largest coin selections
- Intuitive interface
- Available for mobile and desktop
- Regular updates
- Privacy concerns in the past
- Lack of some advanced features
ZenGo aims to remove the barriers to cryptocurrency mass adoption through easy setup and use. This mobile-centric software wallet is available for iOS and Android.
Your private key on ZenGo is encrypted and stored across multiple locations, including your mobile device, cloud backups, and offline servers. This distributed approach enhances security while eliminating seed phrases.
In addition to simple onboarding, ZenGo provides access to swap services, lets users buy crypto with credit cards, and supports staking. With a focus on ease of use and versatility, ZenGo is ideal for crypto beginners.
Type: Hot keyless crypto wallet
Supported assets: Around 40 major cryptos
- No need for recovery phrases
- Cutting-edge security features
- Easy and fast set-up
- Regulated entity
- Only available as a mobile wallet
- Need mobile connectivity
D’CENT offers one of the most secure crypto hardware wallets for seasoned investors prioritising privacy. This product comes from a South Korean fintech company.
The D’CENT Biometric Wallet provides offline cold storage secured by your fingerprint ID. Your biometric data is encrypted and never transmitted anywhere. Transactions require fingerprint authentication on the device’s touchscreen.
This wallet supports Bitcoin, Ethereum, XRP, Litecoin, and ERC tokens. D’CENT utilises a mobile app to send receiving addresses for transactions. With hardcore security provisions, the D’CENT Biometric wallet is ideal for large crypto investors.
Price: £ 109
Type: Cold hardware crypto wallet
Supported assets: Bitcoin, Ethereum, XRP, Litecoin, ERC
- Next-level biometric security
- Completely offline cold storage
- Dedicated mobile app for transactions
- Large OLED display for easy operation
- Expensive price point
- Can only restore with biometric ID
ZelCore is a multi-asset software wallet focusing on usability and an extensive range of supported crypto assets. This wallet aims to provide the functionality of a trading platform through its easy-to-navigate interface.
Available on desktop and mobile, ZelCore gives you complete control over your private keys. The wallet currently supports 180+ crypto assets, including NFTs. ZelCore allows users to buy, sell, track, send, and receive digital currencies and collectables.
ZelCore utilises AES-256 encryption along with other privacy protocols to keep your funds secure. While convenient, it lacks certain advanced security features of hardware wallets. Overall, ZelCore aims to maximise interactivity and real-time management for crypto assets.
Type: Hot and cold multi-platform wallet
Supported assets: over 180 cryptocurrencies
- Supports an extensive range of assets
- User-friendly wallet interface
- Numerous trading features built-in
- Integration across both hot and cold storage
- Privacy concerns around KYC
- No multi-signature options
BitPay wallet is a Bitcoin wallet. However, it supports multiple cryptocurrencies, including Ethereum and Stablecoins. The BitPay wallet has top security features such as multi-signature wallets and two-factor authentication.
The BitPay Bitcoin wallet is an HD (hierarchical deterministic) wallet, meaning users can create unlimited wallets from just one master seed phrase. The wallet can be accessed on desktop computers and mobile phones, providing flexibility.
A key highlight of BitPay is that merchants can accept crypto payments from customers directly into a BitPay wallet. This makes it popular with businesses. Overall, BitPay hits significant marks as a secure, flexible, and multi-functional crypto wallet.
Type: Hot multi-platform crypto wallet
Supported assets: Bitcoin, Ethereum, Stablecoins
- Strong security features
- Unlimited wallets from seed phrase
- Merchant payment acceptance
- Automatic currency conversions
- Relatively limited asset support
- Custodial risks
This covers 18 of the best crypto wallets available for UK users in 2023. Be sure to evaluate your needs and compare features carefully before deciding on the best wallet to store your crypto assets.
Choosing the best crypto wallet UK requires careful consideration of your needs and priorities. This guide has provided an overview of 18 top options, outlining the pros and cons of software and hardware wallets, desktop wallets, and mobile wallets.
When deciding which is best for you, key factors include security, ease of use, cost, coin support, and special features.
Hardware wallets like Trezor and Ledger offer excellent security through cold storage and top-grade encryption. Software options like Exodus and swissmoney provide convenience through intuitive interfaces and mobile access.
Ultimately, the best crypto wallet UK comes down to your circumstances. Hardware wallets are ideal for large, long-term holdings, while software and mobile wallets may better suit frequent trading and payments. Some choose to use multiple wallets to diversify across platforms.
You can make an informed choice by understanding the options available and matching them to your goals as a crypto holder. This will provide peace of mind that your digital assets and private keys remain secure.
As the crypto space develops, leading wallets continue to enhance their offerings. However, the foundations of private key ownership and cold storage for larger holdings will always be sound.
What is the best crypto wallet UK?
No one-size-fits-all answer exists, as the best crypto wallet depends on your needs and preferences. However, some top options recommended for UK users include Coinbase, swissmoney, Ledger, and Trezor.
How do I choose a crypto wallet in the UK?
Some key factors to consider when choosing a crypto wallet in the UK include security, ease of use, supported cryptocurrencies, access to different devices, customer support, and costs/fees.
Prioritise security and only use wallets from reputable providers. Compare features across wallets to find one that supports the crypto you own, provides the functionality you need, and works on your devices.
What is the safest crypto wallet in the UK?
The safest crypto wallets are hardware wallets like the Ledger Nano X and Trezor Model T. These provide cold storage that keeps your private keys offline and away from internet hacks.
For software wallets, Exodus, swissmoney, and Atomic Wallet offer good security features like encryption and passphrase protection. Combining a hardware wallet with a software wallet provides the best security.
Which crypto wallet should I avoid in the UK?
Wallets to avoid are ones with poor security features, a history of hacks, a lack of customer support, or excessive fees.
New wallets that are unproven should also be avoided until properly vetted. Be wary of wallets that promise unrealistic returns or have vague business practices. Only use reputable, transparent wallets from established providers.
Can I use a crypto wallet to store all types of cryptocurrencies?
Yes, the majority of crypto wallets support a wide range of cryptocurrencies. However, it’s important to check if the specific wallet you’re considering supports the cryptocurrencies you own or plan to acquire.
Some wallets may have limitations on the number or types of cryptocurrencies they support. Make sure to choose a wallet that is compatible with your desired cryptocurrencies.
Is it necessary to use a hardware wallet for maximum security?
While hardware wallets offer the highest level of security due to their offline storage of private keys, they may not be necessary for all users. Software wallets with robust security features like encryption and multi-factor authentication can also protect your crypto assets adequately.
The level of security required depends on factors such as your holdings’ value and risk tolerance. Consider your security needs and choose a wallet that aligns with your comfort level and desired level of protection.