Bitcoin wallets are an essential requirement for cryptocurrency investors looking to buy and sell Bitcoin or other altcoins on a broker’s platform. With a Bitcoin wallet, you get to store your Bitcoins, manage them, and sell them at your convenient time for a profit.
Note that Bitcoin and other altcoins are highly valuable in the market, making them a target of hackers. For this reason, you must secure them on the right Bitcoin wallet. If you are new to Bitcoin trading and do not know how to secure your assets, this guide on the best Bitcoin wallet will help you get started.
List of the Best Bitcoin Wallets in the UK 2024
- eToro – Easy-to-Use Bitcoin Wallet* (Best for Beginners)
- Coinbase – Overall Best Bitcoin Wallet in the UK
- Crypto.com – Best Bitcoin Wallet for Android
- Exodus – Cheapest Bitcoin Wallet in the UK
- Ledger Nano S – Best Hardware Bitcoin Wallet in the UK
- Trezor Model T – Best DeFi Wallet for Bitcoin
*Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
In this guide
Compare Best Bitcoin Wallets in the UK
Our research procedure involved testing and reviewing Bitcoin wallets based on elements, including security, reliability, fees, etc. We then combined our findings with
| Best Crypto Wallet | Wallet Type | Support Service | Price | Supported Coins | Hardware Wallet Supported |
|---|---|---|---|---|---|
| eToro | Hot/Cold | Live chat, Email | Free | 120+ | Yes |
| Coinbase | Self-custody wallet | Phone, Email, and Twitter | Free | BTC, BCH, LTC, ETH, ETC, XRP, XLM, DOGE, and all ERC-20 tokens | Yes |
| Crypto.com | Non-custodial wallet | Email, live chat | Free | 500+ including Bitcoin, Ethereum, ERC20 tokens, Uniswap, etc. | Yes |
| Exodus | Self-custody crypto wallet | Chat, Twitter, Facebook, Email, Zoom | Free | More than 260 cryptocurrencies | Yes |
| Ledger Nano X | Self-custody wallet | Email, phone, live chat | £140 | 5,500+ | Yes |
| Trezor Model T | Secure offline storage | Live chat | €179 | 8000+ | Yes |
Cryptocurrency investors find it challenging to choose the best Bitcoin wallet in the UK, considering that there are plenty of options. For this reason, we researched as many Bitcoin wallets in the UK as possible. This is so that you do not go through the daunting research process but select from our recommendations.
1. eToro – Easy-to-Use Bitcoin Wallet (Best for Beginners)
eToro is the best option for newbies trying to familiarize themselves with the cryptocurrency market. The wallet is user-friendly and supports over 120 cryptocurrencies. The wallet also features an in-app conversion functionality where you can access up to 500 cryptocurrency pairs. Most importantly, the Bitcoin wallet is highly secured and provides you with private keys to be in control of your assets.
The best element about eToro is that it has a built-in fully regulated platform. With this in mind, rest assured that this is a trusted wallet. Besides, you won’t need to search for a trading or investing platform since eToro crypto wallet has everything under one umbrella.
Disclaimer: eToro is regulated as a platform, however crypto currencies are unregulated products highly volatile with no consumer protection. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Read also about How to Buy Bitcoin with PayPal? Easy Guide for Traders for more detailed information.
✔High-level security features
- Regulated by the GFSC
- Available for usage 24/7
- A social and copy trading platform offered on its trading section to give newbies a worthwhile trading experience
- Excellent selection of learning resources
- High fees
- Once assets are transferred to the wallet, eToro doesn’t let you move them back into a trading platform
| Type | Fee |
| Minimum deposit | Free |
| Transaction fee | Depending on the cryptocurrency network you use to send crypto assets |
| Min and max transaction limits | £56 and £234 for UK traders |
| Additional fee | May apply |
2. Coinbase – Overall Best Bitcoin Wallet in the UK
Founded in 2012, Coinbase is by far the best Bitcoin Wallet in the UK. It is a trusted and user-friendly Bitcoin wallet to store, send and receive your Bitcoins. With Coinbase, you can also store non-fungible tokens (NFTs) and other altcoins, including Ethereum, Litecoin, Solana, USDC, etc.
The best element about Coinbase Wallet is that it gives you complete control of your crypto assets. It is also highly encrypted, thus preventing hackers from accessing your assets. Most importantly, Coinbase is a cryptocurrency exchange, making it easier for you to link your wallet and access your cryptos securely.
✔Two-factor authentication
- You get complete control over your stored Bitcoins
- User-friendly and recommended for newbies
- Free Bitcoin storage
- Supports other cryptocurrencies, including Ethereum, Litecoin, and Bitcoin Cash
- It also offers a highly reputable cryptocurrency exchange for managing your Bitcoin trades
- Charges high withdrawal fees
- No cold storage, leaving your Bitcoins at risk of getting hacked
| Type | Fee |
| Minimum deposit | Free |
| Transaction fee | Yes |
| Conversion fee | 0.50% |
3. Crypto.com – Best Bitcoin Wallet for Android
Crypto.com is one of the Bitcoin wallets in the UK that has been highly rated by users on Google Play. It is a non-custodial wallet, meaning you get access to complete Defi services on a single platform. Crypto.com mobile app is user-friendly even for beginners. Not only can you use it to manage your crypto assets but also explore popular decentralized apps without the need to log out of your mobile device.
Android users can use Crypto.com to manage over 700 tokens across 15+ blockchains. You can also add the wallet’s extension to your browser to ease your trading experience. Most importantly, Crypto.com is a cryptocurrency exchange; you do not need to search for another trading platform. Simply ensure it meets your trading requirements before signing up for a trading account.
✔NFTs in multiple formats supported
- Interest available on crypto storage
- Low fees
- Highly encrypted for extra security
- Excellent selection of cryptocurrencies
- Excellent for cryptocurrency payments
- Platform is not user-friendly and can inconvenience newbies
- Limited learning resources
| Type | Fee |
| Minimum deposit | Free |
| Transaction fee | Yes, when transferring assets to and from other blockchains |
Coinbase vs. Binance Crypto Exchange Comparison: Which to Choose? – read about it in our other guide.
4. Exodus – Cheapest Bitcoin Wallet in the UK
Exodus Bitcoin wallet allows you to send, receive, and trade Bitcoin and additional 205+ cryptocurrencies on all devices. You can also use Exodus on a hardware wallet and explore its in-built exchange to manage your preferred cryptocurrencies. Note that Exodus is a beginner-friendly Bitcoin wallet. Users are allowed to integrate it with the Trezor hardware wallet and manage their assets on the go.
Regarding security, Exodus is highly encrypted, and you can decide to keep your assets offline through the Trezor hardware. Moreover, it offers a seamless link to decentralized finance (DeFi) apps, and you do not need to sign out of your Bitcoin wallet to access them.
✔24/7 human support
- User-friendly interface
- Over 205 cryptocurrencies supported
- In-build crypto exchange offered
- Excellent password backup and recovery procedure
- Custom network altcoins fees applied
- No cold storage
| Type | Fee |
| Minimum deposit | Free |
| Transaction fee | Based on the blockchain network you transact in |
| Withdrawal fee | Free |
| Additional fee | Applies to Bitcoin and Ethereum networks |
5. Ledger Nano S – Best Hardware Bitcoin Wallet in the UK
Ledger Nano S is one of the hardware Bitcoin wallets to consider in the UK. This Bitcoin wallet is beginner-friendly and allows you to secure its private keys on your device. The wallet also has an OLED screen display to check your balances and confirm cryptocurrency addresses to ensure you properly send your Bitcoins. On top of that, the Ledger Nano S Bitcoin wallet features a four-digit pin for accessing its content.
However, ensure you do not forget your pin since you will have all data deleted should you key in the wrong pin three consequential times. That being said, the Ledger Nano S is one of the most secure cold Bitcoin wallets we recommend for UK cryptocurrency traders. It is also a low-cost Bitcoin wallet since it charges low fees for its services.
- Added security features, including a four-digit pin
- Cost-effective than other hardware Bitcoin wallets
- Extensive range of cryptocurrencies supported
- Secure private keys to ensure they never leave the device
- Highly rated by users in the UK
- Challenging to navigate platform
- Small display screen
- Not-mobile friendly compared to other Bitcoin wallets
6. Trezor Model T – Best DeFi Wallet for Bitcoin
Looking for the best DeFi Bitcoin wallet in the UK? Trezor Model T is a considerable choice. The wallet is non-custodial, thus giving you full access and control of your assets. Trezor Model T is also user-friendly, and you can easily move with it, considering that it is small in size. Plus, it accommodates a vast number of cryptocurrencies, making it an excellent choice for traders and investors with large volumes of Bitcoin assets to store.
Trezor Model T is also highly encrypted, and there are no cases or history of the wallet being hacked. Furthermore, it has a reliable backup and recovery procedure and a password manager for users to secure their credentials.
- Beginner-friendly Bitcoin wallet
- Highly secured and 100% cold storage
- Physical confirmation on the device is required to sign transactions
- An excellent touch screen with a modern design
- Limited access, making it immune to virtual hacks
- A wide range of cryptocurrencies supported
- The setup process can be complicated for beginners
- High cost for acquiring the wallet, shunning away low-budget traders and investors
- Small screen
You can read about Best Crypto Wallets in the UK 2024 and Best Bitcoin Trading Platform in the UK in our other articles.
How to Choose a Bitcoin Wallet* in the UK?
When engaging with cryptocurrencies, it’s crucial to recognise that these digital assets are characterised by their extreme volatility and speculative nature. This can result in swift and substantial price fluctuations. To safeguard your crypto holdings, it is imperative to utilise reputable wallets and exchanges, prioritising the security of your investments.
Also, exercise vigilance and due diligence to guard against crypto-related scams and fraudulent schemes that can potentially threaten your financial well-being. You can also spread your investments across multiple digital tokens and avoid making decisions based on emotions.
There are plenty of Bitcoin wallets in the UK, and it is crucial to have the best that suits all your Bitcoin trading needs. Above, we have the best recommendations from our expert researchers, who are also professional cryptocurrency traders. However, should you decide to research the market for the best Bitcoin wallet, here are the significant factors to consider.
Bitcoin is a highly valuable cryptocurrency in the financial market, and you must ensure you store them in a trusted Bitcoin wallet away from hackers. You can analyze the security features of various Bitcoin wallets before making a choice. Go through their code audit reports and other security analysis from industry leaders. Furthermore, consider splitting your assets and storing them in multiple wallets to limit the risk of losing it all.
There are plenty of Bitcoin wallets in the UK, and the best ones are those positively reviewed and highly recommended by users. In this regard, conduct the necessary due diligence since the last thing you want is to store your assets on an unsecured Bitcoin wallet. Analyze a Bitcoin wallet’s history for any cases of insecurity or misconduct. Also, consider using Bitcoin wallets integrated with the best brokers or cryptocurrency exchanges in the UK.
Before searching for the best Bitcoin wallet in the UK, understand why you need one. For instance, if you are a trader taking short positions like CFDs, you won’t need a Bitcoin wallet since you won’t be taking ownership of the crypto assets. However, long-term investors should choose Bitcoin wallets that guarantee the security of their assets rather than convenience. For traders investing short-term, convenience and ease of use are paramount to avoid missing out on potentially profitable opportunities.
The best Bitcoin wallet in the UK should be easily accessible to traders and investors. This way, it will be easier for you to detect any malicious activities and take quick measures to protect your crypto assets. You can easily know whether a Bitcoin wallet is user-friendly through its sign-up process. Also, its support service should be at your beck and call 24/7 for assistance if needed.
The best Bitcoin wallet in the UK should provide users with access to private keys so that they remain in control of their assets. You see, every Bitcoin address has its own private key, and if you are not in control of an address, then someone else is. Therefore, ensure there is no middleman when interacting with Bitcoin public blockchain for safe transactions.
Always settle for a Bitcoin wallet in the UK you can afford. For instance, the best Bitcoin wallet should allow you to customize fees paid to a blockchain. The wallet should feature convenient presets to make it easier for you to pay the fees aligning with your budget. Most importantly, it should allow fiat currency conversions not only in GBP but also in other fiat currencies, including EUR and USD.
*Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.
You can read about The Best Brokers for Bitcoin Trading in the UK 2024 in our other article.
What is a Bitcoin Wallet?
A bitcoin wallet is like a Bitcoin account where you store your cryptocurrency assets. The wallet also stores your private keys safely, making it easier for you to send and receive Bitcoin and other altcoins. Note that Bitcoin wallets come in various forms, from hardware to mobile wallets. In this regard, consider your trading needs before settling for a Bitcoin wallet to enjoy your experience.
Besides allowing you to send, receive, and trade Bitcoins and other cryptos, the best Bitcoin wallet should also allow you to discover ways of using your assets. Most importantly, it should allow you to get the developing market updates or news and interact with smart contracts.
Different Types of Bitcoin Wallets
There are numerous Bitcoin wallets in the market today with different features. These wallets belong to different categories, and it is crucial to understand what category your Bitcoin wallet falls in for an excellent trading experience. In this regard, below are the different types of Bitcoin wallets to give you a better understanding.
- Software Wallets
Software wallets are cloud-based cryptocurrency storage tools that can only be accessed through the internet. Also known as hot wallets, you can download and install them for free on your mobile or desktop devices. Some of the software wallets are also available for users by default via the web when they sign up for a trading account on cryptocurrency exchanges or brokers.
Since hot wallets are cloud-based, there is a small risk of hacking. That is why we advise you to always have a critical eye when choosing a software wallet and follow the best practices for password management to secure your assets. Also, consider distributing your cryptocurrencies in multiple wallets to avoid risking them all to hackers.
- Hardware Wallets
Also known as cold wallets, hardware wallets also come in physical form, including USB, paper, or metal credit cards. You can use them for long-term storage of Bitcoins and other cryptocurrencies. They offer the best security when properly taken care of since they are not cloud-based. Sadly, hardware wallets are not easily accessible, making them unsuitable for frequent Bitcoin transactions. Also, ensure you acquire one from a trusted provider to guarantee your assets’ safety.
FAQs
Getting a Bitcoin wallet is a pretty straightforward process. You can download it on your trading device or access it via a Bitcoin broker or cryptocurrency you trade with. However, ensure a Bitcoin wallet meets your trading requirements for maximum potential. Examples of the best Bitcoin wallets in the UK are listed in our mini-reviews above.
No. There is no free Bitcoin wallet since the providers charge transaction fees. It is crucial to confirm a wallet’s fees and ensure they fit your budget before making a commitment.
Binance is the largest Bitcoin wallet globally since it stores the highest number of Bitcoins and is backed up with a high level of security. However, this doesn’t make it the best for all traders and investors. You can refer to our guide above on tips for choosing the best Bitcoin wallet in the UK.
Coinbase wallet is highly secured since it stores your cryptocurrencies on an encrypted platform. The wallet also provides insurance for all Bitcoins stored on online computers to ensure you never lose your assets. On top of that, you will have access to private keys to use on Bitcoin addresses and take full control of your assets.
Yes. New investors in the cryptocurrency space can venture into Bitcoin for as long as they know how the market works and risk management strategies. However, you need the best Bitcoin broker and wallet like the ones listed above for maximum experience.
No. Unfortunately, banks do not accept Bitcoins but transact and trade using fiat currencies. This means that you can deposit your Bitcoin earnings as a fiat currency to your preferred bank account.
Conclusion
The above Bitcoin wallets allows you to securely buy, sell, store, and trade Bitcoins and other cryptocurrencies. For traders constantly transacting Bitcoins, hot/software wallets are the best choice for you since they give you easy access to your assets anytime. However, investors with long-term investments should opt for cold/hardware wallets since they are more secure, and you do not need to constantly monitor them to identify malicious activities. Overall, the best Bitcoin wallet should suit your trading requirements. Also, ensure that a world-renowned provider supports it to guarantee a worthwhile experience.
How we test?
Our test process is really based on two different aspects: our independent tests and research, as well as user reviews from Google Play, the App Store, and Trustpilot, etc.
The first thing we do when testing is to check every detail and test every tool and instrument. Our experts spend more than 200 hours on every article. We pay special attention to the specific function or the criteria that we’re comparing during the comparing stage. This means that we must determine which broker is more suited for beginners, and which is better suited for experts, for example. Find out more about our test process here.
This comprehensive guide brilliantly delves into the ins and outs of choosing a wallet, focusing on security, types and key considerations. The scam alerts and FAQ section add tremendous value. Whether you are a new trader or an experienced trader, this guide is a helpful resource to ensure informed and safe Bitcoin trading. Thank you, this is a crypto-guardian angel!
I read very useful tips on choosing a secure wallet and emphasized the importance of protecting assets in the volatile cryptocurrency market. The breakdown of software and hardware wallets clarified their unique features, which I hadn't heard of despite being in trading for about a year. Now, armed with this knowledge, I feel confident, thanks to this informative guide! Very interesting and relevant material, enjoyed reading it. Very easy and straightforward to understand.