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In this post, we will be giving you a list of the best wallet to store your Bitcoin in the UK and show you how to get set up in less than five minutes.
The best wallets in the market not only allow you to keep your Bitcoin safe – but also come packed with exchange services and other useful tools.
Below you will find a list of the best Bitcoin wallets in the UK right now.eToro Wallet – Overall Best Bitcoin Wallet UK Binance – UK Bitcoin Wallet Packed With Features and Tools Luno – Best Bitcoin Wallet for First-Timers Huobi – Bitcoin Wallet With Access to Hundreds of Markets Bybit – Popular Bitcoin Wallet Backed by a Leading Exchange Coinbase – Great Bitcoin Wallet for Beginners Mode App – Safe Cryptocurrency Wallet to Store Bitcoin Coinjar – Simple Crypto Wallet Allowing You to Buy and Sell Bitcoin Zengo – User-Friendly Bitcoin Wallet With Easy Set-Up CoinCorner – Quick and Easy Way to Buy and Store Crypto
In this section of our article, you will find a detailed review of the best Bitcoin wallet in the UK marketplace.
We covered a full range of important metrics when researching the best wallet providers – such as safety, fees, supported coins, and user-friendliness.
1. eToro Money Crypto Wallet – Overall Best Bitcoin Wallet UK
We found that the eToro Money Crypto Wallet is the overall best option in the UK market. This popular wallet is backed by a leading brokerage firm that is authorized and regulated by the Financial Conduct Authority (FCA).
The wallet itself is licensed by the Gibraltar Financial Services Commission (GFSC), so you can be sure that your Bitcoin tokens are being kept safe at all times. In addition to Bitcoin, the eToro Money Crypto Wallet also allows you to store lots of other digital currencies.
You can also use the wallet to exchange 500 cryptocurrency pairs. The eToro Money Crypto Wallet comes in the shape of a mobile app – which is compatible with both iOS and Android. You can use the app to buy cryptocurrency in the UK with a debit/credit card, bank transfer, or an e-wallet like Paypal.
This means that you can facilitate all of your digital currency needs through a single platform. What we also like about the eToro Money Crypto Wallet is that it has been designed with beginners in mind. For instance, if you were to lose or forget your private keys, the eToro team can help you regain access to your wallet.
The process of accessing your Bitcoin Wallet with eToro is seamless, and we will explain it thoroughly below:
Step 1: Open eToro Crypto Account
Head over to the eToro website via your desktop or mobile browser. After clicking ‘Join Now’, follow the on-screen instructions by entering your personal information.
Finally, upload a copy of your passport or driver’s license so that eToro can verify your identity. This is a requirement at eToro because the platform is regulated by the FCA.
Step 2: Download eToro Money Crypto Wallet
Now that you have a verified account, you can proceed to download the eToro Money Crypto Wallet.
Next, open the app and log in with the username and password that you created in the previous step.
Step 3: Deposit Funds/Crypto
If you already have Bitcoin in another location, you can transfer the tokens directly to the eToro Money Crypto Wallet.
If not, you can purchase some Bitcoin directly in real-time. As you have already verified your identity, you can do this by depositing funds with a UK debit/credit card, e-wallet, or bank account.
The minimum purchase amount is just $10 (about £7) and you only need to cover the spread.
Either way, once you have Bitcoin in your eToro Money Crypto Wallet, you can keep the tokens there safely until you are ready to cash out.
How do Bitcoin Wallets Work?
In simple terms, Bitcoin wallets allow you to store your digital tokens in a safe and secure manner. As we cover in more detail shortly, Bitcoin wallets come in various forms.
For instance, while some prefer to download a Bitcoin wallet app to their mobile phone, others will elect to install software on a desktop device.
Nevertheless, top crypto wallets in the UK also allow you to send and receive Bitcoin at the click of a button.
Types of Bitcoin Wallets
As noted above, Bitcoin wallets come in various forms, each of which comes with its own pros and cons.
Bitcoin Software Wallets
Most traders and investors in the UK will opt for a Bitcoin software wallet. This means that the wallet does not exist in tangible form.
On the contrary, in order to connect to the Bitcoin blockchain, you will need to download software to a mobile phone or desktop device.
Mobile vs Desktop Wallets
Unless you are looking to download the entire Bitcoin blockchain to your device, then we would suggest sticking with a mobile wallet.
This is by far the most convenient way to store, buy, sell, and trade Bitcoin – irrespective of where you are located.
For instance, by downloading the eToro app – which is the best crypto wallet in the UK – you will have access to your Bitcoin tokens at all times. This means that you can send or receive crypto at the click of a button.
Hardware Bitcoin Wallets
Bitcoin wallets can also be purchased in the form of a hardware device. This is by far the safest way to store Bitcoin in the UK.
When it comes to security, you will need to plug your Bitcoin hardware wallet into a desktop device if you want to perform a transaction.
Bitcoin Paper Wallets
Bitcoin paper wallets are a cost-effective yet highly secure way of securing your digital currency. Put simply, you will be given a wallet address and private key from an online provider.
Then, upon transferring your Bitcoin over to your unique wallet address, you will write your private key down on a piece of paper.
How to Choose the Best Crypto Wallet UK for You
In choosing the best crypto wallet in the UK for you, several core metrics need to be considered.
Security and Safety
Apart from eToro, virtually all of the Bitcoin wallets that we came across are unregulated. This means that should anything happen to your digital funds, you will have nowhere to turn.
This is why we argue that the eToro Money Crypto Wallet is the best option in the marketplace.
You also need to check what fees the provider charges in your search for the best crypto wallet in the UK. This includes fees linked to deposits and withdrawals, as well as in-app exchanges.
If you’re a complete newbie in the world of digital currencies, it’s best to pick a Bitcoin wallet that offers a great user experience.
Many Bitcoin investors will also own alternative digital currencies. If this sounds like you, it is best to choose a wallet that supports all of your digital asset holdings.
What is the best bitcoin wallet in UK?
After analyzing all the options available, we can tell you that the eToro wallet is the safest, and best UK Bitcoin wallet available.
As we found that the eToro Money Crypto Wallet is the best option in the UK market, eToro is also one of the top choices around the world for investors. They already count with over 10M users worldwide and that number grows every month.
Because they are regulated by the FCA, CySec, and other regulatory offices, you can be sure that you will be able to safely buy and store Bitcoin in your eToroBitcoin wallet.
In summary, the best Bitcoin wallets in the UK should be secure, convenient, and cost-effective.
You also need to think about whether you want to store your Bitcoin via a mobile, desktop, or hardware wallet.
We found that eToro offers the overall best Bitcoin wallet in the UK through its iOS and Android app.
This regulated wallet not only allows you to store Bitcoin and heaps of other cryptocurrencies, but you can also buy and sell digital assets at the click of a button.
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