Guide

Best Crypto Wallets in the UK for 2025: Tested and Verified

By Shraddha

Last Updated: Mar 13, 2025

Co-author

By Manisha Mishra

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Disclaimer
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital. 99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Best Crypto Wallets in UK
Disclaimer Icon
Disclaimer
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital. 99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.

A handy list of the best crypto wallets in the UK is a must for keeping your digital assets safe, especially as demand continues to grow. A crypto wallet lets you store, send, and receive cryptocurrencies securely, and in this guide, we’ll cover where to do just that. Think of a crypto wallet like a physical one, but instead of holding cash and cards, it protects the private keys that give you access to your crypto—whether it’s Solana, Dogecoin, or Bitcoin.

With so many options out there, choosing the right wallet can feel overwhelming. But don’t worry—we’re here to break it down so no one gets their hard-earned crypto nicked! Whether you’re after convenience, top-tier security, or multi-coin support, we’ve rounded up the UK’s best crypto wallets to help you find the safest and most reliable option.

Whether you’re trading Bitcoin or investing in altcoins, this guide has everything you need to know about the top crypto wallets.

Best Crypto Wallets in the UK For 2025: Summary

We’re here to help you find the best crypto wallets in the UK, so you can store and manage your digital assets securely as demand keeps growing. Choosing between hot and cold wallets often means balancing convenience and security. But with the right pick, this guide can take you at a sweet spot where you don’t have to compromise.

We break down top options like Best Wallet, Zengo, Exodus, eToro, and Ledger Nano X, covering their features, security, and ease of use. Whether you’re setting up your first wallet, protecting yourself from scams, or just looking for the safest option, we have got your back. With crypto adoption on the rise in the UK, picking a secure and reliable wallet isn’t just smart—it’s essential for compliance.

Key Highlights:

  • There are 2 main types of wallets to choose from—hot wallets offer ease while cold wallets provide better security for long-term holdings.
  • In the UK crypto wallets list, Best Wallet, Zengo, Exodus, eToro, and Ledger Nano X take top spots among some other market leaders.
  • When it comes to security, two-factor authentication, encryption, and backup seed phrases help protect funds from hacking and loss.
  • Installing a software wallet involves downloading an app while hardware wallets are a physical device.
  • Users should watch out for phishing attacks, fake wallet apps, and unsecured internet connections when managing crypto from UK or outside.

Top Crypto Wallets in the UK Compared

Finding the right crypto wallet in the UK depends on whether you prioritize convenience, security, or multi-asset support. No need to faff about—we’ve put together this handy table so you can compare your options at a glance!

Wallet Name Type Security Features Supported Cryptos Backup & Recovery Ease of Use Extra Features Pros Cons
Best Wallet Software 2FA, Biometric Login, Encrypted Keys 60+ 12-24 word seed phrase User-friendly Built-in Exchange, Staking, Portfolio Tracking Top security, multi-chain support, built-in DEX
No desktop version yet
Zengo Software Keyless Security, Biometric Authentication, MPC 380+ Cloud-based 3FA Recovery Very Simple Web3 Integration, Staking, Cloud Backup No private keys needed, high crypto support
Limited token support, Pro features require subscription
Exodus Software Encrypted Private Keys, Trezor Integration 100,000+ Trezor Backup, Multi-Wallet Support Beginner-Friendly Multi-Wallet, Built-in Swap, NFT Support Huge asset support, easy swaps, NFT support
No custom network fees
eToro Money Software Strong Security, Fiat & Crypto Management 100+ Not Specified Easy for Beginners Trade & Hold Fiat & Crypto, eToro Club Perks Easy transfers from trading account
Limited transfer options, only long positions
Margex Trading Platform Cold Custodian Storage, Multi-Signature 55+ Cold Storage Protection Advanced Users 100x Leverage, Copy Trading, Demo Trading High leverage, no KYC, low fees
Crypto can’t be stored directly
Ledger Nano X Hardware EAL5+ Secure Chip, PIN, Bluetooth 5,500+ PIN & Secret Recovery Phrase Moderate Bluetooth, USB, Multi-App Support Top-tier security, Bluetooth convenience
Bluetooth pairing issues
Trezor Safe 5 Hardware EAL6+ Secure Element, PIN, Passphrase 1,000+ 12, 20, 24-word Backup Options Easy to Use USB-C, Trezor Suite, Multi-Crypto Staking Strong offline security, easy recovery
No wireless connectivity, small touchscreen
Cypherock X1 Hardware Decentralized Key Storage, NFC Security 9,000+ No Seed Phrase, 4 Encrypted Smartcards Requires Setup Trustless Recovery, No Internet Connectivity No single point of failure, high decentralization
No mobile app, complex setup

Best Crypto Software Wallets For the UK

You wouldn’t leave your cash unattended on a busy London street or in a crowded pub. So we say don’t take chances with your crypto either—get a wallet that keeps it safe. If you own cryptocurrency, you don’t have to be Einstein to know that you also need a safe place to store it. A crypto software wallet works like a digital keychain that holds the keys to your crypto. But don’t get confused as actual coins don’t sit inside the wallet—they stay on the blockchain. But, without your wallet, you can’t access or use your crypto. Simply think of it like an online banking app: your money is in the bank, but you need the app to send, receive, or check your balance.

For users in the UK and around the world, software wallets are a simple and flexible way to manage crypto. Flexible because they run on your phone, computer, or web browser. Therefore, you have the option to access your funds anytime without needing extra hardware. Whether you’re trading, investing, or just holding Bitcoin for the long term, the right software wallet can make managing your crypto easy and secure.

But before that, do have a look at our video on best non-custodial wallets here.

 

Best Wallet: Offers Top Security Features

If you’re after a reliable crypto wallet in the UK, Best Wallet stands out as a top choice for both beginners and experienced traders due to its security features. Best Wallet is a non-custodial, multi-chain wallet that has a whole ecosystem. It lets you securely store, send, and receive a wide range of cryptocurrencies without relying on a third party while giving you access to Best DEX and Best Card. The built-in exchange features make it simple to buy, swap, and trade crypto directly from the wallet. Why would you not go for convenient all-in-one solution here?

And let’s be real—no one wants their hard-earned crypto nicked by dodgy platforms or weak security. That’s why Best Wallet’s offering with biometric security, two-factor authentication (2FA), and encrypted private keys can give you confidence. Not only that, it supports over 60 blockchains, making it an ideal option for anyone investing in multiple cryptocurrencies. So we think Best Wallet is an excellent choice for UK crypto holders due to its easy setup and other features that we have listed below.

Top crypto wallet for UK
Source: Best Wallet

Best Wallet Features

  • You have full control over your crypto, as only you hold the private keys with no third-party involvement.
  • The wallet supports multiple cryptocurrencies across 60+ blockchains, making asset management simple.
  • Buying, selling, and swapping crypto is easy with Best DEX, a built-in exchange that offers competitive rates.
  • Security is a top priority, with two-factor authentication, biometric login, and encrypted keys protecting your funds.
  • You can buy and sell crypto using credit cards, e-wallets, or bank transfers, though ID verification is required.
  • Real-time portfolio tracking allows you to monitor prices, manage assets, and keep up with your investments.
  • Staking options let you earn passive income by holding supported cryptocurrencies.
  • Additional incentives include $BEST airdrops and market insights to help you make informed trading decisions.
  • The wallet works on iOS and Android, with a browser extension coming soon for even more accessibility.

Pros and Cons

Pros

  • Completely free to use with no hidden fees for storage or basic transactions.
  • Supports multiple blockchains and allows you to manage custom tokens.
  • Security is a priority with additional features for extra protection.
  • Built-in swaps and an integrated DEX lets you be self-sufficient.

Cons

  • Desktop version still in development.

Visit Best Wallet

Zengo: Best Web 3 Wallet

For those in the UK who don’t fancy dealing with seed phrases or worrying about losing access to their crypto, Zengo is a great choice. Unlike traditional wallets that require private keys or seed phrases, Zengo removes the hassle by using keyless technology. Its keyless, biometric authentication removes the risks of forgetting passwords while keeping your crypto safe from cyber threats. The wallet also claims that it has recorded zero hacks so far.

zengo wallet signup
Source: Zengo wallet

Zengo Features

  • Zengo stands out as a keyless wallet with no private keys and no passwords but with biometric authentication.
  • The wallet supports over 380+ cryptocurrencies but does not support Bitcoin Cash (BCH) among the top ones.
  • Users can click on WalletConnect to securely connect web3 products across DeFi.
  • Zengo offers security as your wallet can choose cloud-based backups linked to Google Drive or iCloud.
  • A built-in firewall protects you from malicious dApps and phishing attacks.
  • Zengo’s 3FA recovery comes with 24/7 chat support.
  • Easy to buy crypto directly with a debit/credit card, bank transfer, Google and Apple Pay, or PayPal.
  • Users can earn passive rewards by staking Ethereum and Tezos within the wallet.
  • Exchange cryptocurrencies quickly and securely with no minimums and no maximums.
  • Zengo Pro adds options like premium security features, perks, and private transaction mode.

Pros and Cons

Pros

  • No private keys with 3FA recovery option.
  • Zengo is  secured by Multi-Party Computation (MPC) technology.
  • Supports 380+ cryptocurrencies with easy buying and swapping options.

Cons

  • Limited token support with coins like BCH missing.
  • Zengo Pro requires a subscription for premium features.

Visit Zengo

Exodus: A Multi-Crypto Wallet

Exodus Wallet is a popular multi-currency wallet that has three options: a desktop wallet with Trezor integration, mobile wallet on iOS, android and lastly, a web3 wallet that can be installed on Chrome or Brave browsers. Exodus supports millions of assets across 50+ networks.

The interface is quite easy to use as users can send and receive digital assets using either the wallet address or scannable QR code. Users get to browse web3, swap cross-chain, stake crypto, in addition to buying and selling digital assets. The software wallet also simplifies asset management, trading, and portfolio tracking with built-in swaps and 24/7 support. Exodus doesn’t ask for lengthy registrations and verifications.

exodus wallet
Source: Exodus wallet

Exodus Features

  • Exodus is a non-custodial wallet with desktop, mobile, web and hardware crypto storage options.
  • The wallet now supports over 100,000 digital assets inside its ecosystem.
  • Built-in option allows swapping cryptocurrencies directly within the wallet.
  • Exodus encrypts private keys and transaction data on your device.
  • The software wallet comes with hardware wallet integration through Trezor for enhanced security.
  • Users can support their multichain NFT collection on Exodus.
  • 24/7 customer support with no import limit on custom tokens.

Pros and Cons

Pros

  • Beginner-friendly interface supporting 100,000+ assets.
  • Import unlimited custom tokens.
  • Built-in exchange for easy asset swaps.
  • Pairs with Trezor hardware wallets for extra security.

Cons

  • Lack of custom network fees.

Visit Exodus

eToro Money Wallet: Best Wallet For Beginners

eToro can be termed as one of the most well-known trading platforms. It not only offers crypto investing, it also looks at traditional investments in stocks, indices, commodities and ETFs. As a multi-asset platform, eToro’s copy trading feature and ready made smart portfolios are its USP for beginners.

UK traders can choose from about 100 crypto assets supported on eToro and store them on eToro Money crypto wallet. Users can open their portfolio on the trading app, select a position, and check if the wallet transfer option is available on the asset. However, the transfer can take up to one business day to reflect.

etoro crypto wallet
Source: eToro

eToro Money Features

  • Move crypto from your eToro trading account to the eToro Money Wallet. But the opposite transfer is unavailable.
  • Transfers cost 2% of the amount, with fees ranging from $1 to $100.
  • Supports Bitcoin, Ethereum, XRP, Litecoin, Cardano, Dogecoin, and more.
  • You own your crypto, with no third-party holding your funds.
  • Protected with strong security measures for safe transactions.
  • Only long, non-leveraged positions backed by real crypto can be transferred.
  • Transfers take up to five business days to complete.
  • Available in 100+ countries, including the UK and major EU nations.
  • Transfer limits depend on your deposit method and eToro Club level.
  • Works on iOS and android, with availability based on regional app store access.

Pros and Cons

Pros

  • Easy-to-use interface with transfers from eToro trading account to the money wallet.
  • Users can manage fiat and crypto in place by holding funds in EUR as well as USD (but not in GBP).
  • Perks to UK Club members.
  • eToro promises to keep funds in a fully regulated bank in the UK or the EU.

Cons

  • Users cannot partially transfer coins. They can either transfer their position in entirety or not at all.
  • Only non-leveraged BUY positions can be transferred between the trading platform and wallet.
  • Supports limited assets.

Visit eToro

Margex Wallet: Best Wallet for Experienced Users

For UK crypto traders looking for high-leverage trading, low fees, and the ability to go long or short, Margex is a strong contender. Unlike traditional crypto wallets, Margex is a crypto derivatives platform, meaning users don’t buy or store crypto directly. Instead, they trade on the price movements of various cryptocurrencies through perpetual futures contracts.

margex wallet
Source: Margex wallet

With up to 100x leverage, advanced trading tools, and a user-friendly interface, Margex caters to both experienced traders and those looking to dip their toes into leveraged trading. For traders in the UK looking to profit from crypto price movements without holding assets directly, Margex provides a streamlined and secure trading experience. Its no-KYC setup, low trading fees, and high leverage make it appealing for active traders who want to short or long crypto with advanced tools.

Margex Wallet Features

  • Margex offers exposure to 55+ crypto assets.
  • The platform allows 100x leverage with low margin requirements starting from 1%.
  • Simple setup with just email registration.
  • Users can follow and replicate the trades of experienced traders automatically.
  • The platform promises 100% asset protection through multisignature offline “cold” storage.
  • Real-time monitoring and alerts for custodian security.
  • Demo trading  and flexible staking options on the platform.

Pros and Cons

Pros

  • Trade and deposit crypto without KYC.
  • Up to 100x leverage that provides larger exposure.
  • Strong security with cold custodian storage.
  • Live support in multiple languages.

Cons

  • You can’t store or directly own crypto on Margex.
  • Margex is restricted in several countries, including the United States.
  • Crypto can be purchased using a bank card/credit card through third parties.

Visit Margex

How to Use a Software Wallet?

  1. Generally, users have to download and install a wallet app or visit their webpage before they can start using it.
  2. Create an account using email or third-party login as a starting point of the process.
  3. Enable two-factor authentication, set up a strong password, and securely store the recovery phrase for safety at this stage.
  4. Deposit funds using supported methods like UK bank transfer, debit/credit card, or transfer crypto from another wallet.
  5. Copy and use your wallet’s public address to receive funds from exchanges registered with the UK’s Financial Conduct Authority (FCA), like Coinbase or Kraken.
  6. Open the website or app’s “Buy” section, select the cryptocurrency, and choose a payment method.
  7. Review the transaction details, confirm the payment, and receive the purchased crypto in your wallet. All done!

Why Use a Software Wallet?

  • Easy to Use: A mobile or web application can display your crypto balance and can allow transfers with a few taps!
  • No Extra Hardware Needed: You don’t need a separate device that looks like a USB to hold your crypto.
  • Multi-Currency Support: Store Bitcoin, Ethereum, and many other custom cryptocurrencies in one place.
  • Extra Features: Some wallets let you trade, stake, or earn rewards directly from the app.

It is worth noting that many users do not prefer software wallets as they are always online. Which means that these wallets can be more vulnerable to hacks than hardware wallets. Hackers can exploit weaknesses in a crypto wallet’s software code to gain unauthorized access and steal funds.

They may also use impersonation techniques, either by pretending to be the user or the wallet’s server, tricking the system into handing over control of digital assets. That’s why it’s important to choose a trusted and secure option in this category. Let’s look at the best crypto software wallets in the UK, so you can pick the one that best fit your needs.

Best Crypto Hardware Wallets In the UK

For UK crypto traders looking to secure their Bitcoin and altcoins, a hardware wallet is like having a high-security safe for your digital assets—except instead of bolting it to your floor, it fits in your pocket. These little devices keep your private keys offline, protecting you from hackers, dodgy exchanges, and anyone trying to pull a fast one on your hard-earned crypto.

For some, leaving their crypto on an exchange is like leaving their car unlocked in central London overnight—centralized risk at best. A hardware wallet, on the other hand, is like an old-school vault, where even the best digital thieves can’t touch your funds if you protect your key. With features like PIN protection, backup seed phrases, and air-gapped security, these wallets are the go-to option for anyone serious about keeping their assets safe.

Now let’s look at the best hardware wallets in the UK, how they work, and why they’re the best bet for long-term crypto storage.

Ledger Nano X: Best Hardware Wallet

If you’ve ever lost your bank card and had to go through the hassle of freezing your account, you know the stress of financial security. Now, imagine losing access to your crypto because a software wallet got hacked—that’s where Ledger Nano X comes in. This hardware wallet keeps your digital assets offline, out of reach from cyber threats, while still being easy to access on the go.

While users need to mitigate the physical risk that comes with owning a device, losing your Ledger wallet doesn’t mean losing your crypto as the assets are stored on the blockchain. But users need to remember their Secret Recovery Phrase to retrieve the assets in that case.

Ledger Nano X
Source: Ledger

Ledger Nano X wallet is developed by Ledger, one of the most trusted names in crypto security since 2014. The Nano X wallet combines cold storage security with modern features like bluetooth connectivity for seamless mobile transactions. Whether you’re safeguarding long-term holdings, this device ensures you stay in control.

Ledger Nano X Features

  • Securely manage over 5,500 cryptocurrencies and tokens from one device.
  • Supports up to 100 apps, allowing multiple wallets on a single device.
  • Bluetooth-enabled for wireless connection to iOS and Android devices.
  • USB compatibility for desktop use on Windows, macOS, and Linux.
  • CC EAL5+ certified secure chip keeps private keys offline for maximum security.
  • 4-8 digit PIN protection ensures only you can access your wallet.
  • Ledger Live app integration for easy setup and crypto management.
  • Ledger Recover service provides an optional backup for wallet recovery.
  • Multiple color options including Onyx Black, BTC Orange, and Sapphire Blue.
  • Compact and portable design for managing crypto on the go.

Pros and Cons

Pros

  • Provides top-tier security for long-term crypto storage.
  • Bluetooth support makes managing assets more convenient.
  • Stores thousands of coins and integrates with DeFi apps.
  • Simple PIN and backup recovery system for easy access.

Cons

  • Bluetooth pairing can sometimes be inconsistent.

Visit Ledger Nano X

Trezor Safe 5: Best Cold Wallet for Beginners

If you want to keep your crypto safe from hackers and online risks, Trezor Safe 5 can do the job without any fuss at a $169 price tag. It stores your private keys offline, meaning no one can access your funds unless they have your wallet and PIN. Built by SatoshiLabs, this wallet is designed for people who want security without overcomplicated features and is coupled with the the Trezor Suite app. The app allows checking the portfolio balance, history while trading and staking your coins. Trezor supports buying, selling and swapping over 1000 coins with the following additional features.

Trezor Safe 5
Source: Trezor

Trezor Safe 5 Features

  • Supports 1000+ cryptos with secure Element chip (EAL 6+) for strong security.
  • No bluetooth or Wi-Fi connectivity.
  • USB-C connection for fast setup and use.
  • Backup options with 12, 20, and 24-word recovery phrases.
  • Compatible with Trezor Suite and third-party wallets. Users can send, receive, trade and stake coins.
  • Durable build with tamper-evident casing.

Pros and Cons

Pros

  • Easy to use with a color touchscreen and haptic feedback.
  • Strong security with a Secure Element chip and PIN protection.
  • Offline storage keeps crypto safe from hackers.
  • User-friendly setup and interface.
  • Multiple backup options to ensure wallet recovery.
  • More affordable than high-end hardware wallets.

Cons

  • No Bluetooth or wireless connectivity (USB-C only).
  • Small touchscreen—functional but basic.

Visit Trezor Safe 5

Cypherock X1: Wallet Offering Multi-Factor Security

Cypherock X1 offers a new way to store your assets securely. Instead of relying on a single device or passphrase, it splits your private key into four encrypted smartcards, meaning there’s no single point of failure. Whether you’re safeguarding your Bitcoin or a stack of altcoins, Cypherock X1 ensures your funds stay in your control with non-custody and asset recovery service.

Best crypto hardware wallet
Source: Cypherock

Cypherock X1 Key Features

  • Decentralized key storage split private key across four X1 Cards for security. Each of the five hardware can be stored in different locations.
  • Supports 9,000+ cryptos across 10+ blockchains.
  • No single point of failure as no seed phrase backup is required.
  • EAL 6+ secure elements, similar to high-security tech used in banking smartcards.
  • Multi-wallet support allows management of up to four different wallets from a single device.
  • NFC-enabled to secure transactions with just a tap—no USBs or cables needed.
  • Open source and backed by the developer community.
  • CySync desktop app allows management of crypto portfolio with 20 payment methods.

Pros and Cons

Pros

  • No seed phrase risk.
  • Trustless recovery and self-custody with no reliance on third parties.
  • Works with DeFi and NFTs through WalletConnect.
  • No internet connectivity means no remote hacks.

Cons

  • No mobile app (yet) for full wallet management.
  • First-time setup takes patience.

Visit Cypherock

What is a Crypto Wallet?

Crypto wallets are somewhat like your online banking app, but instead of pounds, it helps you manage digital money like Bitcoin or Ethereum. But crypto wallets don’t actually hold your crypto, since the digital assets stay on the blockchain ledger. The wallet’s job is to simply store the keys that let you access and move your funds. Something like a key to a safe. The money isn’t in the key itself, but without it, you can’t open the safe and use what’s inside.

Types of Crypto Wallets
Source: 101 Blockchains

There are different kinds of wallets, depending on how you use your crypto and how secure you want it to be. We discussed software wallets, also called hot wallets. Then there are hardware wallets, also called cold wallets. There is also be a third category, which are called paper wallets. These are simply a piece of paper with your keys written down or stored as QR codes. It’s completely offline, which means no hacker can get to it, but if you lose it, spill coffee on it, or your dog eats it, your crypto is gone forever.

What is worth noting is not all crypto wallets are open-source. Open-source wallets have publicly available code, meaning anyone can check their security, making them more transparent and trustworthy. For example,  Cypherock X1 is an open source wallet. On the other hand, closed-source wallets, keep some or all of their code private, meaning users have to trust the company’s security measures without public verification. Open-source wallets offer more transparency, while closed-source ones may provide additional security features but require trust in the company.

How Cryptocurrency Wallets Work?

If someone wants to send you crypto, they send it to your wallet address, which is like a bank account number. To send money yourself, you enter the recipient’s wallet address and approve the transaction using your private key. This private key is like a PIN code—whoever has it can spend your money, so it must be kept secret.

How crypto wallets work
Source: CFTE

Once a transaction is made, it gets verified and recorded on the blockchain. Unlike a bank, customer service agents might not always help you if something goes wrong with a self-custodian wallet. If you lose access to your wallet or send money to the wrong place, there’s no reversing it.

Security is everything with crypto wallets. If someone gets hold of your private key, they control your funds. It’s like handing over your online banking password—once they’re in, they can empty your account.

What is the online safety protocol with crypto wallets? 

  • Never share your private key with anyone.
  • Write down your seed phrase, a 12 to 24-word recovery code, and store it somewhere safe.
  • Use two-factor authentication where possible.
  • Consider a hardware wallet for large amounts and keep the tradable funds in a software wallet.

Difference Between Hot Wallet and Cold Wallet

Choosing the right crypto wallet depends on how you use your digital assets. If you’re trading frequently, a hot wallet is the way to go—quick, convenient, and always online, like tapping your card for a coffee. But if you’re holding a large amount of crypto, a cold wallet is the safer bet, keeping your assets offline and away from hackers, like locking your cash in a safe. Many people use both, keeping a bit in a hot wallet for daily use and the rest tucked away in a cold wallet for long-term security. The table below breaks it down so you can decide what suits you best.

Features Hot Wallet Cold Wallet
Connection Always connected to the internet
No internet connection
Security More vulnerable to hacking
Highly secure from cyber threats
Ease of Use Fast and easy for transactions
Less convenient, requires extra steps
Best For Regular trading and daily transactions
Long-term storage of large crypto amounts
Examples MetaMask, Trust Wallet, Best Wallet, Exodus
Ledger, Trezor,
Storage Type Software app on a phone, tablet, or computer
Physical device (USB-style) or printed paper
Risk If hacked, funds can be stolen
If lost or damaged, access to crypto may be gone forever
Backup & Recovery Protected by passwords and security features
Uses a seed phrase for recovery
Cost Usually free
Costs £50–£200 for hardware wallets

How to Choose the Best Crypto Wallet?

Picking the right crypto wallet is a bit like choosing a safe for your valuables—you need to balance security, convenience, and functionality. Some wallets are like high-tech vaults, keeping your crypto locked away from prying eyes, while others are more like everyday purses, giving you quick access when you need to trade. So, how do you pick the best one? Let’s break it down in simple terms.

Understand the Different Types of Wallets

Think of crypto wallets like different ways to store money:

  • Hot Wallets are easy to use, allows quick access, but are always online. So there’s more risk of a hack but they are good for everyday spending.
  • Cold Wallets are offline and much harder to hack. However, they are not as convenient for quick transactions as hot wallets. So, they are perfect for long-term storage.
  • Paper Wallets are generally a safe option to protect from hackers but easy to lose or damage.
  • Custodial Wallets are like leaving your money with a bank and they manage it for you. Generally secure but requires trust in the company holding your funds as there is a counterparty risk.
  • Non-Custodial Wallets allow you to hold the keys, so you’re in full control. No one else can access your funds, but if you lose your keys, there’s no way to recover them.

Pro tip: If you’re a beginner, a user-friendly software wallet is a good start. For long-term holding, go for a hardware wallet.

Prioritize Security Features

Imagine walking around with a suitcase full of cash—you wouldn’t just leave it open, right? Crypto wallets also need strong locks:

  • Private Keys Control: If you don’t own your keys, you don’t own your crypto. Make sure the wallet gives you control.
  • Two-Factor Authentication (2FA): Like needing both a PIN and a fingerprint to unlock your phone. This extra step keeps hackers out.
  • Backup and Recovery Options: If you lose your phone, can you still get your crypto back? Look for wallets with secure backup methods, like recovery phrases.
  • Encryption and Security Audits: Good wallets get checked regularly by security experts. No one wants a wallet with holes in it.

Pro tip: If you’re handling a lot of crypto, a hardware wallet with strong encryption is your best bet. For everyday use, go for a wallet with 2FA and good backup options.

Consider Wallet Compatibility

Imagine buying a new laptop and realizing it only works with a weird, outdated charger. That will be frustrating, right? Crypto wallets can be the same if they don’t support your preferred coins or devices.

  • Device Compatibility: Does the wallet work on your phone, computer, or browser? Some are mobile-only, while others work across all devices.
  • Supported Cryptocurrencies: Some wallets only support Bitcoin, while others handle 100+ coins. If you’re into altcoins, make sure your wallet plays nice with them.
  • Cross-Platform Syncing: Can you switch between your phone and laptop smoothly? If you need flexibility, pick a wallet that syncs across multiple devices. Also check if the hardware wallet has an app and is compatible with other wallets.

Pro-tip: If you use multiple devices, a multi-platform wallet with cross-syncing is ideal. If you only use Bitcoin, a BTC-only wallet works fine.

Assess User Experience & Accessibility

A great crypto wallet should be easy to use, even if you’re not a tech expert. Imagine trying to open a bank account with instructions written in a language you don’t understand—no thanks.

  • Simple Setup: The wallet should be easy to install and get started with. If it takes hours to figure out, it’s probably not worth it. But remember some hardware wallets have a complex setup process and may need some patience.
  • Clear Interface: You shouldn’t need a PhD to find the “Send” button. Look for a wallet with an intuitive layout.
  • Customer Support: Got stuck? A good wallet provider should have helpful support, whether through live chat, guides, or FAQs.

Pro-tip: If you’re new to crypto, pick a wallet with a simple interface and good customer support. If you’re a pro, advanced features like custom fee settings might be useful.

Look for Additional Features

Would you rather have a basic phone that only makes calls or a smartphone with extra features like GPS, a camera, and music streaming? Crypto wallets also come with bonus features that can make life easier:

  • Built-in Exchange: Some wallets let you buy, sell, and swap crypto without needing to use an external exchange.
  • Staking and Earning Rewards: Some wallets allow you to earn passive income by staking your coins directly from the app.
  • Multi-Signature Access: Like needing two keys to open a bank vault, this feature adds extra security for businesses or shared wallets.
  • NFT and Web3 Support: If you’re into NFTs or decentralized apps (dApps), look for a wallet that integrates with Web3.

Pro-tip:  If you’re just buying and holding crypto, you don’t need fancy features. But if you want to earn rewards, stake coins, or explore NFTs, look for wallets with these extras.

How to Keep Your Crypto Wallet Safe?

Your crypto wallet is like a digital vault—it holds your assets, but if it’s not properly secured, it can be a hacker’s jackpot. Just like you wouldn’t leave your house unlocked with cash lying around, you need to take precautions to protect your crypto. From keeping your private keys safe to avoiding scams, here’s how to make sure your wallet stays secure.

Protect Your Private Keys & Seed Phrase

Think of your private key as the password to your bank account and your seed phrase as the master backup to recover your funds. If someone gets hold of either, they can drain your wallet faster than you can say “Where’s my Bitcoin?”

  • Write it down, don’t screenshot it: Never store your private key or seed phrase digitally—hackers love looking through files. Write it on paper and store it somewhere safe.
  • Use multiple backups: A single piece of paper can get lost or damaged. Consider keeping two copies in separate secure locations.
  • Never share your keys: No legit company, exchange, or wallet provider will ever ask for your private key. If someone does, run the other way.
Data Integrity With Private Key
Source: Infosec Insights

Enable Strong Security Measures

Using a weak password is like having “1234” as the passcode for your phone—anyone can guess it in seconds. Adding extra layers of security makes it much harder for hackers to get in.

  • Use two-factor authentication (2FA): Even if someone gets your password, they won’t be able to log in without your 2FA code.
  • Biometric authentication: If your wallet offers fingerprint or facial recognition, use it.
  • Create a strong, unique password: Avoid using the same password you have for your email or social media. A good password is long, random, and impossible to guess.
  • Keep your software updated: Wallet providers regularly release security patches. Ignoring updates is like leaving your front door open when you know burglars are around.
Source: Neptune Mutual

Be Cautious of Phishing Attacks & Scams

Phishing scams are one of the most common ways people lose their crypto. Scammers create fake websites, emails, or messages that look real, tricking you into giving up your private keys or sending your funds to the wrong address.

  • Always check the website URL: Hackers love creating fake wallet websites that look just like the real thing. Before entering your credentials, double-check that the URL is correct.
  • Ignore unsolicited messages: If you get an email, text, or DM asking for your wallet details, report it. Scammers often impersonate wallet providers or exchanges.
  • Avoid clicking unknown links: Clicking on the wrong link can install malware on your device, exposing your private keys. Always type in URLs manually.
  • Use official apps: Only download wallet apps from official sources like the App Store, Google Play, or the company’s official website.
Cryptocurrency Scams
Source: TechTarget

Keep Your Wallet Backed Up

Imagine your phone suddenly stops working, or your laptop gets stolen. Without a backup, your crypto could be gone forever. A backup ensures you can still recover your funds even if you lose your device. Write down your seed phrase and store it safely in multiple places. If backing up digitally, encrypt it, test the backup, and use a hardware wallet for long-term security.

Conclusion: Best Crypto Wallets in the UK

As the UK crypto market expands, notorious players are also continuing their way into the market. Therefore, securing digital assets is more important than ever. The guide explains how hot wallets provide convenience for active traders. But cold wallets may become essential for safeguarding long-term investments. According to a few users, the best approach is often a combination of both. The selection somewhat allows a balance of security, accessibility, and control. But not to forget that choosing the right wallet also depends on individual priorities—whether it’s ease of use, multi-asset support, or top-tier security. With increasing risks of hacking and scams, adopting strong security practices is just as crucial as picking the right wallet. From our list Best Wallet stands out as a promising contender in the software wallet category.

Don’t go just yet! Also take a look at our guide on the Best Crypto Wallets of 2025 and Best No-KYC Crypto Exchanges to help you make the right choice even if you are outside the UK.

See Also: Best Crypto Wallets in Australia For March 2025

Frequently Asked Questions

What is the safest type of crypto wallet?

What are some of the best crypto wallets for UK users?

How do I recover my crypto wallet if I lose my keys?

How do I choose the best crypto wallet?

Are hardware wallets better than software wallets?

Which crypto wallets support multiple cryptocurrencies?

Are UK crypto wallets regulated?

What is the best free crypto wallet in the UK?

How do I back up my crypto wallet?

What should I do if my crypto wallet is hacked?

References:

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I was introduced to crypto because the television news studio I worked in was doing a segment on the sector.  The world was talking about Bitcoin but it wasn't quite the phenomenon it is today. The journalist in me rushed... Read More

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