Best Crypto Wallets in The UK for 2023: Top 10 Picks

If you are looking for the best crypto wallet in the UK, you probably know how important keeping your digital assets safe is.

Today, cybercrime is on the rise, and crypto wallets are an attractive target for criminals. This is because they store not only your coins but also store your private keys, which can be used to access your funds. That is why it is important to choose a wallet that is both secure and user-friendly.

However, there are hundreds of UK Bitcoin wallets that use all manner of persuasive marketing to get you to use their product. They all claim to be the best, with the latest and greatest features. So, how do you know which one to choose?

In this article, we have tested and reviewed the top ten best cryptocurrency wallets in the UK so that you can make an informed decision. We will also explore some of the frequently asked questions about crypto wallets.

By the end of this article, you will know everything you need to choose the best crypto wallet for your needs.

1. ZenGo

We cannot talk about the best crypto wallet in the UK and fail to mention ZenGo. This wallet is non-custodial, which means that you are the only one with access to your private keys. Therefore, you do not have to worry about losing your crypto funds in case ZenGo is hacked.

Instead of private keys, ZenGo uses threshold signatures to create what is known as ‘mathematical secret shares’. This makes it impossible for anyone to access your crypto funds without your permission.

Features:

• Hybrid of custodial and non-custodial: This is one of the few wallets that offer you the best of both worlds. You do not have to worry about losing your private keys, and at the same time, you can still enjoy the convenience of a custodial wallet.
• Built-in exchange: ZenGo has a built-in exchange that allows you to convert your crypto funds into other assets with just a few clicks.
• Streamlined user interface: The user interface is one of the most important features of any crypto wallet. ZenGo has a very simple and streamlined interface that makes it easy to use, even for first-time users.

Pros

• Large selection of coins
• Highly advanced security features such as 2FA, military-grade encryption, and biometric authentication
• User-friendly interface

Cons

• Not fully non-custodial
• Not open-source
• Must store Keyless Recovery Backup on Google Drive or iCloud

2. Exodus

Exodus is one of the most advanced UK crypto wallets available. It is also one of the most user-friendly wallets, making it a great choice for those new to the world of cryptocurrency.

Exodus supports over 150 different assets, including all major coins such as Bitcoin, Ethereum, Litecoin and Dash.

Features:

• Lightening network payment system: This wallet uses the lightening network payment system which makes transactions faster.
• In-app exchange: Exodus has an inbuilt exchange that allows you to quickly and easily trade between different assets without having to leave the wallet interface.
• NFT marketplace: This wallet also has a marketplace where you can buy, sell and trade NFTs.
• Non-custodial: Exodus is a non-custodial wallet, meaning that you are the only one who has access to your private keys.
• Security: Exodus uses both two-factor authentication and multi-signature technology to help keep your funds safe.

Pros

• Supports hardware wallets such as Trezor to help keep your funds even safer.
• Doesn’t use the KYC (know your customer) protocol, meaning that you don’t have to provide any personal information to use the wallet.
• The interface is very user-friendly and easy to use.

Cons

• Doesn’t support as many assets as some other wallets of its caliber
• Doesnt have custom network fees for altcoins, which means you may end up paying more in fees than you need to.

3. Tezro

Tezro is one of the best crypto wallets in the UK thanks to its cutting-edge security features and ease of use. The wallet supports major cryptocurrencies like Bitcoin, Ethereum, Litecoin, and others. You can use this wallet on desktop, mobile, or web.

Tezro has a built-in exchange that allows you to swap your cryptocurrencies without leaving the wallet. The wallet also supports multiple languages, making it one of the versatile and convenient wallet in the UK.

Features:

• Tezro API: You don’t need a shopping cart to use the Tezro API. Just create an account, add your items and start accepting payments in Bitcoin, Ethereum, Litecoin and other major cryptocurrencies.
• In-app chat: You can use the in-app chat to connect with other users and ask for help. You can also use the chat to send and receive crypto.
• Escrow: Tezro offers an escrow service to protect both buyers and sellers.

Pros

• Tezro uses a 256-bit AES encryption to secure your data. The wallet also has two-factor authentication (which can be turned on and off) for extra security.
• This is one of the most user-friendly wallets in the UK, thanks to its clean interface and easy navigation.
• It is a multi-platform wallet, which means you can use it on your desktop, mobile, or web.

Cons

• This is a fairly new wallet. Some users may not be comfortable with that.

4. eToro

If you are looking one of the best crypto wallets in the UK with a perfect blend of security and ease of use, eToro is the way to go. With support for major cryptocurrencies like Bitcoin, Ethereum, XRP, and an ever-growing list of supported assets, eToro is a great for all kinds of investors. The platform also has one of the lowest fees in the industry, making it a great choice for those looking to maximize their profits.

Features:

• Change crypto to crypto: There are over 500 crypto pairs that can be traded on eToro. Therefore, if you want to change your Bitcoin to Ethereum or Litecoin, you can do so easily on the platform.
• CopyTrading: eToro is one of the few UK crypto wallets that offer CopyTrading. This feature allows you to copy the trades of other successful investors on the platform.
• Unlosable private key: Your private keys are stored on eToro servers and backed up by multiple layers of security. This means that even if you lose your phone or forget your password, you can still access your account.
• On-chain address support: eToro supports on-chain addresses for all major cryptocurrencies. You can receive and store your crypto directly on the blockchain.

Pros

• This wallet has high-level security and standardization protocols, which is good for the safety of your assets.
• Easy to use for beginners and has a user-friendly interface.
• The eToro platform is a great way to learn about cryptocurrency trading and investing.

Cons

• Not as private as some other wallets since your private keys are stored on eToro servers.
• Customer service can be slow to respond to inquiries.

5. Crypto.com

When asked which crypto wallet is best in the UK, crypto.com must appear on your list. This is because it offers all of the features that you would expect from a top-quality wallet, including cutting-edge security features, a user-friendly interface, and a wide range of supported cryptocurrencies.

Features:

• Built-in exchange: Users can buy, sell, and trade cryptocurrencies directly from the wallet.
• Earn interest: Users can earn up to 14.5% per year on their cryptocurrency holdings.
• NFT marketplace: This wallet has its own marketplace for buying, selling, and trading NFTs.
• Security features:com employs a number of security features to protect users’ funds, including multi-factor authentication (MFA) and whitelisting.

Pros

• Extensive list of supporting assets.
• Highly secure and privacy-oriented.
• Enhances the earning potential of your crypto assets.

Cons

• It May require some verification for certain features such as buying, selling, and withdrawing fiat currency.
• Poor customer support reported by a host of users.

6. Coinbase

Another outstanding cryptocurrency wallets in the UK is Coinbase. This platform is one of the most popular cryptocurrency exchanges in the world, with over 73 million users. Coinbase has a secure, convenient, and reliable built-in wallet that can store your BTC, ETH, LTC, and other digital assets. You can easily buy and sell cryptocurrencies on Coinbase and send them to other wallets with just a few clicks.

Features:

• High-end security: This wallet offers top-notch security features, including two-factor authentication, a vault for storing digital assets, and an insurance policy that protects your account against hacking.
• dApp Browser: Coinbase has its own dApp browser that allows you to explore and use decentralized applications.
• Hardware wallets support: This wallet supports all ledger hardware wallets, including the Ledger Nano S and Ledger Nano X.

Pros

• The wallet has a clean and intuitive user-friendly interface, making it ideal for beginners.
• It is one of the most secure wallets available, thanks to its high-end security features.
• It is one of the most comprehensive wallets, supporting hundreds of cryptocurrencies.

Cons

• The wallet charges high fees for some transactions, making it unsuitable for those who trade frequently.
• It is a custodial wallet, which means that you do not have complete control over your private keys.

7. Binance

Binance is one of the biggest cryptocurrency exchanges in the world, and as such, offers its own secure and reliable wallet service. The Binance wallet is available across multiple platforms, including iOS, Android, Windows and macOS. It supports a wide range of cryptocurrencies, including popular ones such as Bitcoin, Ethereum and Litecoin.

Features:

• Security: Binance pays close attention to security and offers a number of features to keep your funds safe, including two-factor authentication, fingerprint login and a host of other advanced security measures.
• Full SegWit support: The Binance wallet supports full Segregated Witness (SegWit), which means faster and cheaper transactions.
• Partial Bech32 support: The Binance wallet also supports partial Bech32 addresses, which are even more efficient than SegWit addresses.
• Multi-language support: The Binance wallet is available in multiple languages, making it accessible to a wider audience.

Pros

• Binance is one of the most trusted and well-known cryptocurrency exchanges in the world.
• The Binance wallet is available on multiple platforms and supports a wide range of cryptocurrencies.
• Privacy and security are a priority for Binance, with multiple features designed to keep your funds safe.

Cons

• The Binance wallet can be difficult to navigate for new users.
• The customer support is not the best.

8. Huobi

One of the best cryptocurrency wallets in the UK is Huobi. It is a digital currency exchange that allows users to trade, borrow, and stake a wide range of digital assets. It supports over 400 digital assets including major cryptocurrencies such as BTC, ETH, XRP, and LTC. Huobi also offers a mobile app that is available for both iOS and Android devices.

Features:

• Security: The Huobi wallet is one of the most secure wallets available as it uses multiple layers of security including Two-Factor Authentication (TFA), and hardware security module (HSM). These features make it virtually impossible for hackers to steal user funds.
• Privacy: The Huobi wallet does not collect user data or information.
• Store over 20 chains in one wallet: You can store up to 20 different digital assets in the Huobi wallet.

Pros

• This wallet has deep liquidity allowing you to buy or sell large amounts of digital assets quickly.
• The mobile app is user-friendly and easy to use.
• The wallet has yield-generating opportunities such as staking and lending.

Cons

• This wallet has been accused of wash trading and other unethical practices.
• The customer service is not as responsive as it should be.
• The wallet is largely unregulated.

9. Trezor Wallet

Trezor wallet is one of the most popular and reliable cryptocurrency wallets. The wallet is available in two models: Trezor One and Trezor Model T. Both models support major cryptocurrencies like Bitcoin, Ethereum, Litecoin, etc. The main difference between the two models is that Trezor Model T has a larger screen and supports more cryptocurrencies.

Features:

• Password manager: Trezor stores your passwords in a secure location and allows you to access them with a single click.
• Two-factor authentication: Trezor supports two-factor authentication (via Google Authenticator or YubiKey) for added security.
• Sign & Encrypt with GPG: GPG (GNU Privacy Guard) is a free and open-source implementation of the OpenPGP standard. Trezor allows you to sign and encrypt your messages using GPG.
• Secure Admin SSH Access: SSH (Secure Shell) is a network protocol that allows you to securely connect to a remote computer. Trezor allows you to securely connect to your server using SSH.

Pros

• As a crypto hardware wallet UK, Trezor is one of the most secure ways to store your cryptocurrencies.
• The Trezor wallet is easy to use and has a clean interface.
• The Trezor wallet supports a wide range of cryptocurrencies.

Cons

• Trezor does not support fiat currencies.
• It is an expensive wallet when compared to other software wallets.

10. Electrum

Electrum is one of the safest crypto wallets in the UK. It uses a highly advanced encryption system that makes it virtually impossible for hackers to access your funds. It is a Bitcoin-only wallet and does not support other cryptocurrencies.

Features:

• Lightning Network support: You can use Electrum in conjunction with the Lightning Network to make fast, cheap Bitcoin transactions.
• Multi-signature support: Electrum supports multisig wallets, which require multiple signatures to authorize a transaction. This makes it much more secure than a single-signature wallet.
• Paper wallet support: You can generate paper wallets directly from Electrum, which can be used to store your Bitcoin offline in a secure location.

Pros

• Electrum is an open-source wallet, which means that its code is publicly available and can be audited by anyone.
• It is a very lightweight wallet, which makes it fast and easy to use.

Cons

• Electrum does not support any other cryptocurrencies besides Bitcoin.
• You need to be fairly technically proficient to use Electrum effectively.

How to Choose the Best Crypto Wallet in the UK

There are a few factors to consider when choosing the best crypto wallet for you. Here are some of the most important things to look for:

• Ease of use: The wallet should be easy to set up and use. It should have a user-friendly interface that is intuitive and easy to navigate.
• Supported currencies: Make sure that the wallet supports the cryptocurrencies that you want to use.
• Security: The wallet should have robust security features to protect your funds from hackers. Look for features like two-factor authentication and multi-signature support.
• Privacy: The wallet should not share your personal information or transaction history with any third parties.
• Customer support: In case you run into any problems, it is helpful to have access to customer support. Look for a wallet that offers 24/7 live chat or email support.

Frequently Asked Questions

Are Crypto Wallets Legal in the UK?

Yes, crypto wallets are legal in the UK. The UK government recognizes cryptocurrencies as property and has not placed any restrictions on the use of crypto wallets. However, individuals and businesses dealing with cryptocurrencies in the UK must comply with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations, and crypto wallet providers must register with the FCA and comply with their regulations.

What Are The Safest Wallets in the UK?

All the wallets outlined above are safe to use in the UK. They all have robust security features that will protect your funds from hackers. However, Tezro, Exodus, and Trezor stand out as some of the wallets with no history of hacks.

How Do I Get a UK Bitcoin wallet?

Getting a Bitcoin wallet in the UK is easy. There are many different wallets to choose from, and most of them are available for free. All you need to do is choose a wallet from this list that supports Bitcoin and create an account.

Which Cryptocurrency Wallet in the UK Has The Lowest Fees?

Tezro has the lowest fees in the UK. It allows you to take full charge of your fees and even choose which network to use. Exodus is also a good option when it comes to low fees, but it doesn’t offer custom fees for altcoins.

What is The Best Bitcoin Wallet in the UK?

All the wallets on this list are good Bitcoin wallets in the UK. However, if you are looking for the best wallet for security, Trezor is a good option. If you want a wallet specifically for Bitcoin, then Electrum is a good choice.

Conclusion

Finding the best crypto wallet in the UK is no easy feat. However, with these options outlined above, you should be able to find a wallet that suits your needs. Be sure to consider factors like ease of use, security, privacy, and supported currencies when making your decision.

Want to Learn More?

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