Looking for a cryptocurrency wallet to protect your digital assets? We have put together 12 of the best crypto wallets for UK investors.
With high inflation and tech stocks at an all-time high, Cryptocurrency has quickly gained popularity as a great investment opportunity. But what do you do once you have purchased your crypto? After all, you might have the next Bitcoin or Dogecoin and you don’t want anyone to steal your assets.
12 Best Crypto Wallets for UK Investors 2022
Here is a list of the best UK crypto wallets to store your digital assets safely. This list was put together by Every Bit Helps and wallets we personally use or have used. Some of the wallets are free, however, for more security, we do give some paid options.
- Ledger Nano X
- Ledger Nano S
- Trezor Model T
- Exodus Wallet
- MetaMask Wallet
- Trust Wallet
- FTX App
- Argent Wallet
- Coinbase Wallet
- Atomic Wallet
- Guarda Wallet
- Paper Wallet
If we have missed one of your favourite wallets, let us know in the comments below.
1: Ledger Nano X
This is a hardware wallet that costs around £119. It is one of the most secure and popular wallets in the market and can be quickly set up. The lightweight nature of the Ledger Nano X makes it easy to carry with you. It can support the storage of multiple tokens simultaneously. You can also use the Ledger Nano X to buy crypto with GBP through Coinify.
The device supports Bluetooth functionality which allows for connectivity with your desktop computer or phone. Plus, it adopts extremely secure technology, making it the recipient of a CSPN First Level Security Certificate by ANSSI.
2. Ledger Nano S
If the Ledger Nano X is out of your price range, the Ledger Nano S is another alternative to the Ledger Nano X. Priced at £59, it is a great entry point if you’re getting started. and want to add extra security. Users can access and support more than 1500 crypto tokens. However, it lacks a Bluetooth connectivity feature, and can only store up to 3 apps.
Nonetheless, this is a great choice for beginners, or someone looking for a basic hardware wallet without too many features at a reasonable price.
Colour Touch Screen
Cheapst Hardware Wallet
Trezor Model T
Ledger Nano X
Ledger Nano S
3. Trezor Model T
Supporting more than 1,000 tokens, the Trezor Model T is a hardware wallet that has a full-colour touchscreen. The device is easy-to-use and users can set it up within 10 minutes and boasts exceptional security.
The Trezor Model T is priced at almost £149, making it a more expensive hardware wallet. Whilst it is more expensive, it is still up there as one of the best crypto wallets for UK investors. You can also check out their cheaper hardware wallet the Trezor one.
You can connect Trezor to the new and improved Trezor Suite dashboard, however, it´s also compatible with the popular mobile and desktop wallet, Exodus.
4. Exodus Wallet
Exodus is a free mobile and desktop wallet that has a sleek and simple to use interface. Ideal for beginners it integrates a built-in exchange and the freedom to switch between over 100 crypto tokens. Plus it also offers ways that users can earn passive income on their crypto assets.
This wallet does provide users with their private keys but does not offer any level of two-factor authentication which is deemed as one of the biggest negatives of the wallet. But as mentioned above, you can connect a Trezor hardware wallet to Exodus.
Exodus wallet was the first wallet we ever used and one I still use today, with the Trezor model T. If you want a free wallet, this is defiantly one to consider.
5. MetaMask Wallet
MetaMask wallet is available as both a browser extension and as a mobile app. It is trusted by over 21 million users worldwide and allows users to buy, store, send and swap their tokens. Metamask is also a great way to connect to blockchain-based applications or DApps.
The wallet supports multiple networks including Ethereum, Binance Smart Chain (BSC), Polygon, Avalanche and Optimism. Plus it is also compatible as a gateway for hardware wallets such as Ledger and Trezor.
Want to create a wallet? Check out our beginner’s guide on how to create a MetaMask wallet.
6. Trust Wallet
Trust Wallet is the official mobile wallet by Binance which is trusted by 10 million+ users. You can buy, store, collect NFTs, exchange and earn crypto, all within the Trust app
Trust wallet gives you complete control over your crypto and it is deemed private and secure as only you will have access to your wallet. The app is available for iOS, GooglePlay or Android.
If you use Trust Wallet on iOS devices, you won’t be able to access the DApp browser feature, this was a real pain for users when this was removed. The team have now added a new Discover feature to replace the browser, but some users are still not happy.
7. FTX App
The FTX App (formally known as Blockfolio) is a popular crypto application for investors. Originally the mobile app was a simple way for investors to track and manage their crypto portfolio in one place. However, since the acquisition from FTX in 2020, they have expanded their range of features.
FTX App now includes the ability to trade crypto, tokenized stocks, NFTs and FIAT currencies and earn up to 8% on any type of crypto or FIAT deposits. Not only that, but you can also earn free crypto for every trade over $10. To earn an FTX App sign-up bonus use referral code 9202836.
8. Argent Wallet
Argent is an Ethereum based mobile wallet for storing, sending, and earning crypto. Unlike other wallets, there is no seed phrase to backup, as Argent uses their “Guardians” feature.
9. Coinbase Wallet
The Coinbase Wallet is a standalone app, that allows users to manage their private keys, store their crypto assets securely. Not to be confused with the Coinbase app, which is also available on Coinbase.com.
Coinbase Wallet supports over 4,000 Ethereum based ERC20 tokens and you can also safely store and view all of your NFTs too. Plus, you can interact with Ethereum DApps via its integrated DApp browser giving you access to decentralized exchanges, jobs, and digital collectables.
10. Atomic Wallet
Atomic Wallet is very similar to its peer, the Exodus Wallet. This is a free to use mobile and desktop wallet where users can manage their Bitcoin, Ethereum, XRP, Litecoin, XLM, and over 300 other coins and tokens.
Atomic offers ways that you can buy crypto with the likes of a credit card, you can stake 10+ assets to earn interest and also exchange with cashback.
11. Guarda Wallet
Guarda Wallet is a desktop, web extension and mobile wallet where you can stake, exchange, earn and buy the likes of Bitcoin and Ethereum.
The wallet is very easy for beginners and also supports over 400,000 tokens on over 50 major blockchains. Plus it has an excellent score on Trust Pilot of 4.6 stars.
12. Paper Wallets
Paper wallets are not as common as they once were. But if you want to keep your crypto assets completely offline, paper wallets are a safe free alternative to a hardware wallet. A printed public key and private key will be provided, but it’s important to create the paper wallet correctly. As the security and safety of the wallet are down to the users. Please ensure that you keep your keys in a safe and secure place, otherwise, you will put your funds at risk.
What is a Crypto Wallet?
Unlike a traditional wallet, which holds the actual cash, technically, a crypto wallet doesn’t actually store your crypto. Instead, these live on the blockchain and can only be accessed using something called a private key. These are proof that you own your crypto and allow you to make transactions. When you have control of your private keys, you have complete control over your crypto and if you lose them, you lose access to your money.
As crypto has evolved so have crypto wallets and you can now do more than simply store your crypto in them. Wallets regularly now include additional features allowing users to swap or buy crypto, access DApps, earn passive income and more recently the ability to store NFTs.
There are different types of wallets that crypto investors can use, which are defined into 2 main categories; Hot Wallets or Cold Wallets.
Hot Wallet: Hot wallets are where the wallet connects to the internet and includes desktop, web and mobile wallets
Cold Wallet: A Cold Wallet (also known as cold storage) is where your crypto is stored offline and is therefore deemed the safest way to store your crypto and includes hardware and paper wallets
What to Look For in a Cryptocurrency Wallet?
When choosing a crypto wallet, be sure that the wallet has all the features you require for your cryptocurrency needs. It’s also important to consider security, multi-coin support, and user interface. It’s also not necessary to buy a hardware wallet such as a Ledger or Trezor, as there are plenty of great free alternatives. However, if you have a large crypto investment or looking to invest in crypto long term, it is worth considering.
In order to find the best crypto wallet for you, it’s important to understand what features you need. There are three key features that you should consider when looking for a crypto wallet:
1. High Level of Security
The main purpose of a cryptocurrency wallet is to keep your assets safe and secure. Therefore, the best wallets will offer a high level of security. You may choose to keep some crypto assets offline in a cold wallet (hardware wallet) or a hot wallet (less secure) with extra security such as 2FA. Another option would be a non-custodial wallet that provides you access to your private keys. As they say “not your keys, not your crypto”.
2. User Interface
In choosing a wallet, the user interface is a personal choice and can depend on your level of knowledge. Obviously, if you are new it’s good not to overcomplicate things and become overwhelmed. At the same time, you want to ensure that it includes everything you need. So choose one that has enough functionalities and user friendly.
3. Multi-Coin Support
You might have a diversified crypto investment portfolio. If this is the case, opt for wallets that can include support for multiple blockchains. Before you choose a crypto wallet, go through your list of investments and cross-check the wallet’s supported tokens.
Most wallets offer support for Bitcoin, and Ethereum, including ERC20 tokens and a few other large-cap blockchain-based tokens. However, if your major investments are based on other blockchain products such as Binance Smart Chain or Solana, you will need to confirm that your wallet offers support.
Tip: When sending crypto to and from a wallet or exchange, make sure you send your assets on the correct network/blockchain. If you chose the wrong network, you may lose your crypto. I recommend sending a test amount if you can.
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