Best Bitcoin Wallet UK – Crypto Wallet For BTC, ETH & More

Today we’ll be taking a deep dive into some of the highest quality wallets out there, but before we do that, we’ll provide you with a quick tour of the best Bitcoin wallets UK. Here, you can compare the best Bitcoin wallets as well as their fees alongside features on our list below.

Think of these as a quick way for the people without time to view the best providers out there, just so they have some sort of heads up before signing up for one.

However, if you’ve got the time, we’ll go in-depth through each and every one of them.

With that out of the way, let’s take a deep dive into the world of Bitcoin wallets and learn how to get a bitcoin wallet in the UK.

Table of Contents

Best Bitcoin Wallet UK: eToro

1
$50Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

Best Crypto Wallet UK – Top 5 Crypto Wallet UK List

Below you will find a list of the best crypto wallet UK providers for 2021.

  1. eToro – Overall Best Crypto Wallet UK.
  2. Coinbase – Best Bitcoin Wallet for Mobile Users
  3. Binance – Best Bitcoin Wallet for Farming
  4. CoinCorner – Best Online Bitcoin Wallet for New Investors
  5. Coinjar – Best Bitcoin Wallet for Security-Oriented Investors
$
=
Bitcoin Bitcoin
Sort By

9 Providers that match your filters

Payment methods

Features

Usability

Support

Fees

1 or better

Safety

1 or better

Coin selection

1 or better

Rating

1 or better
Recommended Broker

Rating

for $ 100 you get
0.0024BTC
What we like
  • Trade real cryptos and crypto CFDs
  • Licensed broker with deposit insurance
  • Integrated wallet
Fees
Safety
Coin selection
Features
Instant Verification For Beginners Wallet Service Mobile App
Payment methods
Credit Card Paypal Sepa Transfer Skrill Sofort
for $100 you get
0.0024 BTC

CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.

Rating

for $ 100 you get
0.0024BTC
What we like
  • Amount of withdrawal fee: $0
  • Large amount of cryptocurrencies for CFD trading
  • Minimum deposit: $20
Fees
Safety
Coin selection
Features
Instant Verification For Beginners Wallet Service Mobile App
Payment methods
Credit Card Giropay Neteller Paypal Sepa Transfer Skrill Sofort
for $100 you get
0.0024 BTC

CFDs are complex instruments that have a high risk of losing money quickly due to leverage. 72.6% of retail investor accounts lose money trading CFDs with this provider.

Rating

for $ 100 you get
0.0024BTC
What we like
  • Careful selection of cryptocurrencies
  • Regulated by CBI and MiFID in Europe
  • No commissions and low spreads
Fees
Safety
Coin selection
Features
For Beginners Mobile App
Payment methods
Credit Card Neteller Skrill
for $100 you get
0.0024 BTC

CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.

Signing up for a Bitcoin Wallet – The Easy Way

Signing up for a Bitcoin wallet UK takes just three simple steps, and it will take you about five minutes at the most to get things set up and running, which should be simple to follow.

  1. Pick a cryptocurrency wallet: Here we’d recommend eToro right off the bat due to the fact that it is Financial Conduct Authority (FCA) regulated. It also supports many cryptocurrencies alongside Bitcoin and allows you to interchange between them using the exchange service eToro offers.
  2. Downloading the wallet itself: You have complete freedom to search eToro Wallet in the App Store or the Google Play Store, after which you can easily download it and install it to your mobile device.
  3. Creating a wallet account: You can create a new eToro wallet account just by using your email address. Once the wallet is fully set up, you will be ready to start storing as well as sending cryptocurrencies such as Bitcoin with ease.

Bitcoin Wallets UK With the Best Rates Out There

eToro

  • Known for its wide range of available cryptocurrencies
  • You gain the ability to copy the investment methods of experienced traders
  • You can store your coins directly onto the eToro cryptocurrency wallet

Signup to eToro & Buy Cryptocurrency with 0% Commission >

Coinbase

  • Has millions of users
  • You can withdraw tokens directly to your private wallet with ease
  • It is fully licensed by the FCA

Binance

  • You can trade hundreds of cryptocurrency pairs
  • You just have to pay a 0.1% trading commission
  • It offers some of the best trading tools and features out there

One thing to keep in mind is that, if you are a person that is based in the UK and are looking for ways through which you can buy bitcoin using online bitcoin wallets, you will need to look at storage options for your cryptocurrencies. The digital currencies themselves are stored on the blockchain, and what this means is that you will need to obtain some kind of wallet, be it a digital or offline wallet, in order to store them as securely as possible.

Furthermore, there are hundreds of options out there in the marketplace, so the main goal you need to set for yourself here is to find the perfect balance between the ease of use of the wallet as well as the level of security that the wallet has.

Best Bitcoin Wallets UK 2021

So, here’s the thing, if you want to buy cryptocurrency in the UK, you will absolutely need to have a cryptocurrency wallet. Another noteworthy thing here is the fact that the best cryptocurrency brokers or exchanges will offer you digital wallets with their services. There are many providers as well as alternatives to choose from, some of which are excellent, while others aren’t as good, to say the least.

To help steer you in a direction where you will actually get a digital wallet that will provide you with a high level of functionality as well as security features, you will see a selection in this list of some of the best cryptocurrency exchanges that are, at the current time, serving hundreds of thousands if not millions of people living in the UK.

1. eToro – Overall Best Bitcoin Wallet UK

eToro

eToro is number one on this list due to the fact that it is not only an FCA regulated cryptocurrency wallet, but it is a one-in-all solution for all of your Bitcoin as well as cryptocurrency requirements due to the fact that it not only stores Bitcoin but will allow you to buy, sell or trade it alongside a vast array of other cryptocurrencies.

All cryptocurrency transfers are 100% commission-free so there are no transaction fees involved when adding cryptocurrencies to your wallet. If you want to make a new Bitcoin wallet, this might be the perfect opportunity to do so.

Commission 0%
Deposit Fee Free
Withdrawal Fee $5
Inactivity fees $10 a month after one year of inactivity

 

Pros Cons
You can buy cryptocurrencies 100% commission-free The platform operates in US dollars with will require a conversion
You can exchange cryptocurrencies directly from the wallet
The minimum investment you need to make is just $25
It is fully regulated in the UK by the FCA
You can copy trading through automation and select the best methods

 

67% of all retail investor accounts lose money when trading CFDs with this provider.

2. Coinbase – Best Bitcoin Wallet for Mobile Users

Coinbase Homepage

Coinbase was launched in 2012, has a 3.99% fee whenever you deposit funds with a credit card and has over 56 million active users. Furthermore, you’ll need to pay 1.49% on every buy and sell order that you place. You can use it as a digital wallet, however, and this comes in multiple forms. One is through the Coinbase website, and the other is through the native mobile application that it has.

Commission 0%
Deposit Fee Free
Withdrawal Fee $5
Inactivity fees $10 a month after one year of inactivity

 

Pros Cons
Over 56 million users 3.99% fee on debit card deposits
User-friendly interface 1.49% trading fee
Excellent mobile application
Licensed by the FCA

 

Or go to Coinbase>

67% of all retail investor accounts lose money when trading CFDs with this provider.

3. Binance – Best Bitcoin Wallet for Farming

Binance Homepage

Binance released in 2017 and provides its users with the opportunity to trade over 300 cryptocurrencies through its Trust Wallet. It has a fairly straightforward sign-up process and has a reputation for security and customer care. The trading commission is just 0.1%.

Commission 0%
Deposit Fee Free
Withdrawal Fee $5
Inactivity fees $10 a month after one year of inactivity

 

Pros Cons
0.1% Trading Commission 2% fee on credit and debit card deposits
Excellent reputation Can be a bit complex for new users
One of the largest exchanges in the UK based on trading volume
Has the Trust Wallet on offer

 

Or go to Binance>

67% of all retail investor accounts lose money when trading CFDs with this provider.

4. CoinCorner – Best Online Bitcoin Wallet for New Investors

CoinCorner

If you want to buy as well as store Bitcoin specifically, this might be a solid option, especially if you have no prior knowledge of how cryptocurrency wallets work. It is a platform specifically designed for newcomers and it is based in the Isle of Man. The app is optimized for mobile, and it supports recurring automated payments.

Commission 0%
Deposit Fee Free
Withdrawal Fee $5
Inactivity fees $10 a month after one year of inactivity

 

Pros Cons
You can purchase bitcoin within the span of minutes High deposit fees
Has a rewards program with multiple businesses Limited charting tools
You can set up recurring, automated payments

 

Or go to CoinCorner>

67% of all retail investor accounts lose money when trading CFDs with this provider.

5. Coinjar – Best Bitcoin Wallet for Security-Oriented Investors

Coinjar

Coinjar has an excellent reputation and is one of the largest cryptocurrency brokers in Australia, however, it is also available in the UK and can be used for buying and selling Bitcoin. It is extremely user-friendly and has one of the most well-designed applications out there optimized for any operating system.

 

Pros Cons
Regulated by the Australian Transaction Reports and Analysis Centre Limited technical information
Pre-made cryptocurrency portfolios on offer
Inexpensive fees

 

Or go to Coinjar>

67% of all retail investor accounts lose money when trading CFDs with this provider.

6. Luno – Best Custodian UK Bitcoin Wallet

LUNO

This is a cryptocurrency exchange specifically popular with UK investors due to the fact that it allows its users to easily buy and sell their cryptocurrencies and also allows you to fund the account through a UK bank transfer. It comes in the form of a mobile application that is available in the Google Play Store as well as the Apple App Store. It supports multiple cryptocurrencies as well, which is convenient.

Commission 0%
Deposit Fee Free
Withdrawal Fee $5
Inactivity fees $10 a month after one year of inactivity

 

Pros Cons
Just 0.1% commission High debit card fees
Has a lot of trading and charting tools A limited number of supported cryptocurrencies
You can open a savings account
95% of all cryptocurrency client funds are kept in cold storage

 

Or go to Luno>

67% of all retail investor accounts lose money when trading CFDs with this provider.

What is a Bitcoin Wallet?

Bitcoin Wallet

To understand what a Bitcoin wallet is and how to get a bitcoin wallet, you will first need to understand how bitcoin works. This means that today, we’ll be taking an in-depth look at exactly how the transactions are recorded on the blockchain. You see, every time a buy or sell request is made, data needs to be recorded on the blockchain.

This is done through finding the solution of complex cryptographic puzzles, and this process is done by miners that contribute processing power, such as in the form of GPUs. Once the cryptographic puzzle is solved, the transaction can be recorded on the blockchain. When this occurs, the transaction is validated, and each miner, or node, gets a copy of the blockchain with a newly added block on it. Furthermore, the miner is rewarded with Bitcoin (BTC) for doing this type of work.

What essentially occurs on the blockchain though, is the fact that the pre-existing cryptocurrency wallet, not the newly generated one, travels from one cryptocurrency wallet to another cryptocurrency wallet. But what might surprise you, if you are not that well informed is that the wallet is just a public address on the blockchain. None of the cryptocurrencies are stored outside of the blockchain, the wallet simply acts like an address, where the cryptocurrency can travel to, and where you have ownership over it.

If you have plans on investing in Bitcoin, you will need to consider how you intend to keep your coins as safe as possible. Now, when you compare cryptocurrencies with traditional money, you will notice that you will not be keeping your Bitcoin in a bank account, this is due to the fact that Bitcoin is digital, and as previously explained, it has to be kept on a wallet, that is also digital, and part of its blockchain or that can connect to the blockchain.

If you want to open a new online bitcoin wallet, there are a few things you need to understand first.

That being the case, Bitcoin wallets can come in a wide range of shapes, sizes, and levels of functionality.

There are certain UK investors that prefer using mobile wallets for example, due to the fact that they offer the highest level of convenience, as they can be accessed from a mobile device, from anywhere, at any time, as long as you are connected to the internet. There are other investors that prefer downloading a Bitcoin wallet to their desktop computers or laptops. Then there are the most cautious investors, that hold onto their cryptocurrency for prolonged periods of time, think along the lines of months or years, who keep their currencies in a physical hardware wallet.

The primary purpose of this cryptocurrency wallet is for it to allow you to send, receive and store Bitcoin on it. Every single wallet comes with its own unique public address.

The address will look something like this:

jsjHYFAHf1342hjhj43hujUYHA432Ddsdrtgvzs

Now, as you might have noticed at this point in time, the Bitcoin address is longer as well as a lot more complex than a bank account number would be or any shortcode. The concept of a wallet address as well as a bank account number is quite similar. This is due to the fact that you want to send funds to your personal Bitcoin wallet, and as such, you will need to enter your public address in order to do so.

When it comes to the safety aspect of it, the Bitcoin wallet is protected through a private key.

To get a clearer concept of how all of this works, imagine your Google account.

  • You have your account
  • You have your password

The difference with Google is the fact that it is controlled by a central authority, in this case, the Company Google, so if you end up losing your password, you can send a request and recover it. In the case of a Bitcoin wallet, if you lose your private key, your funds, as well as the wallet, could be lost forever.

A bitcoin private key will contain a lot more characters, and will look something like this:

834FJHSDAFHJhsherd12hehbsj2319JSDJawgrgregbDFGS4324k3j2jFmxzvmbr

Now, while this might seem scary to you at first, the one thing you need to remember is the fact that the best Bitcoin wallets in the UK will provide you with the opportunity to access your funds with an easy password or pin, that you can write down somewhere or remember. With all of this in mind, remember that you should never give out your private key to a third party, and we do mean never. When you attempt to do something like that, the third party will have access to the Bitcoin wallet, and as such, will be able to potentially hijack or steal your coins as a result.

Bitcoin Hardware Wallet Compared to Bitcoin Paper Wallet

The highest level of security you can ever get in the world of cryptocurrencies is of course, using a hardware wallet as well as a paper wallet. However, keep in mind that there are multiple wallet options out there that you can pick from, and each of these wallets will offer you its own sets of pros as well as cons. In other words, each wallet will have its own trade-off that you will need to make, in terms of security and convenience.

Before we get too in-depth in all of this, here’s a quick example. A web wallet will typically be considered one of the least secure options when it comes to the storage of cryptocurrencies, however, it will also prove to be the most convenient option for you. Keep in mind, however, that there are web wallets that will provide you with multiple layers of security such as the Neo wallet, however, they will never be as secure as paper wallets and hardware wallets. However, these come with their own trade-off, as they will not be at all convenient when it comes to making daily transactions or trades with them.

Paper Bitcoin Wallet

As the name might imply, a Bitcoin paper wallet is literally a wallet, that’s a sheet of paper. No, this is not a joke, in fact, it’s actually quite ingenious in how all of it works. You see, this is one of the most old-fashioned ways of storing cryptocurrencies. Your bitcoin wallet address essentially gets printed on a sheet of paper in the form of a QR code. You can mark this as a “Check status” code. Furthermore, another QR code will be printed, and this is the private key. You can mark this as a “Send” code or “Spend” code, as it will be scanned to transfer your funds to an online cryptocurrency wallet.

In order to do this, you will need to use an online platform that will provide you with the opportunity to generate a free Bitcoin wallet address. Second, you will need to transfer the Bitcoin to the addresses in question and print out the credentials.

When you look at this from a theoretical standpoint, it will be an impossibility for someone to hack a sheet of paper, or in other words, your paper wallet. This is due to the fact that, through a paper wallet, the cryptocurrencies are always kept offline. However, one of the main drawbacks here is that, as you might have noticed, when it comes to transferring the Bitcoin to another wallet, the process can be troublesome as you have to scan the QR code with the private key, and then re-create a new paper wallet completely. However, there is another secure offline way of storing funds, and that is of course the hardware bitcoin wallet.

Hardware Bitcoin Wallet

This brings us to the hardware wallet, the favorite kind of wallet used by investors on a worldwide scale that is interested in storing their cryptocurrencies for prolonged periods of time. Here’s why that actually happens. You see, by using a Bitcoin hardware wallet, the coins are stored through a physical device. The leaders in this marketplace are Ledger Nano and Trezor. These are hardware wallet providers that offer the highest level of security when it comes to storing your cryptocurrency funds.

Here’s how the process works in great detail. First, you purchase the hardware wallet from the provider of your choice. Then, once the wallet physically arrives at your address, you need to set up a PIN number for the device. The device will then show you a passphrase, this passphrase will be a set of English words, in sequential order, that you have to memorize or write down. When you transfer the Bitcoin to the unique hardware wallet address, it can be stored offline.

When you decide to go for a hardware wallet as an option through which you can store your cryptocurrency, you won’t really be at that much risk. For example, the funds can only be transferred if you have access to the physical device itself, and as such, this requires your PIN for authorization.

If you somehow manage to forget your PIN, or the device itself ends up getting stolen, you can remotely access the Bitcoin wallet with the passphrase, that is why it is important to memorize or write down the words.

Anyway, both of these methods are extremely secure due to the fact that they are not connected to the internet in any way. They are not connected to the brokerage, or the exchange you have used to purchase the cryptocurrencies. This means that if the exchange or brokerage ends up getting hacked, compromised, or leaks user information, which however unlikely, could potentially occur, your cryptocurrencies will always remain secure.

That being said, however, these methods have their own drawbacks, as you would constantly have to re-transfer the cryptocurrencies to an online bitcoin wallet in order to buy, sell or trade cryptocurrencies. It can be a hassle, and it can lead to additional fees. This is why this type of storage for cryptocurrencies is recommended for people who are storing their cryptocurrencies for prolonged periods of time and do not need to constantly make transactions through their usage.

Choosing the Right Bitcoin Cash Wallet for You

Binance - Bitcoin

There are multiple factors that you need to consider before choosing a cryptocurrency wallet provider. This can be a difficult process, especially if you are just starting out and this is your first step towards entering the world of cryptocurrencies.

To help you get to the point where you can make a decision that is as authentic and as informed as possible, below, you will see a list of some of the most important factors that you need to consider when you choose the perfect Bitcoin wallet for your specific requirements.

Bitcoin Cash Wallet

This is a wallet that allows you to keep your Bitcoin funds in the exchange or brokerage that you will end up using to make the purchase of said cryptocurrencies. This is, in almost all cases, the least secure type of wallet that you can use. This is due to the fact that it is always connected online. However, there is an exception to this rule, and this is eToro’s cryptocurrency wallet due to the fact that it is fully authorized as well as regulated by the FCA.

Bitcoin Desktop Wallet

There are many free Bitcoin wallets that you can download directly to your device. This means that this is a wallet that you can download and install on your desktop computer or laptop. It is a piece of software that is a bit more secure than mobile or a web wallet, however, you will need access to the specific computer that it is downloaded on each and every time you want to send funds.

Bitcoin Mobile Wallet

This is a type of wallet that offers a high level of convenience, as it is a wallet application that can be downloaded to your mobile device, hence the name, mobile wallet. It offers a huge level of convenience due to the fact that it allows you to send, receive as well as trade cryptocurrencies through the process of simply opening the wallet application. However, when we discuss the security aspect of this wallet, you need to understand that some of the best mobile wallets will provide you with features such as two-factor authentication, biometric login, as well as email confirmation on all and any of the withdrawals you will end up making.

Bitcoin Hardware Wallet

The main thing to point out about all of the previously mentioned wallets is the fact that all of them are connected to the internet, and no matter what kind of security features they end up offering, none of them will be as secure as a hardware wallet, due to the fact that it will have no direct access to the internet. However, on the other side of the spectrum, it is important to note that a hardware wallet is difficult to transfer funds from, and can take a bit more time to do so.

Bitcoin Paper Wallet

You’re basically printing QR codes on a sheet of paper, where one code allows you to view the status, and the other allows you to send the cryptocurrency on the paper to a cryptocurrency wallet. It’s simple, but it works. Make sure you don’t lose it if you go this route.

After learning and analyzing all of that, you might have come to the conclusion that all of the bitcoin wallets in question offer specific levels of security as well as convenience. You need to think about what your priorities are in this aspect, before making a decision.

Custodian or Non-Custodian

When it comes to investors in the UK, they are often put off by the concept of investing in Bitcoin due to the fact that the wallets that are involved with its storage can seem a bit complex, especially if they are about to create a new Bitcoin wallet. This can be especially the case when you start talking about things such as private keys, public addresses, and ledgers. However, with all of this in mind, considering a trusted provider that offers a custodial wallet might be just what you are looking for.

It’s important to note here that the eToro wallet is one of the safest wallets available and offers many high-level security features that can protect you against unauthorized access, and this includes multi-signature facilities, DDoS protection as well as standardization protocols.

A custodial wallet is a wallet where the wallet provider is the one responsible for keeping your Bitcoin safe. As such, you do not need to worry about the storage, as this role is reserved for the entity that is behind the wallet. What you need to be aware of is the fact that if you opt-in to go with the custodian route, you need to consider an FCA-regulated broker such as eToro.

Features of The Online Bitcoin Wallet

Another key aspect or metric that you need to look at when it comes to choosing the perfect cryptocurrency wallet for your specific need and requirements is of course the features. Many free Bitcoin wallets offer a barebones experience, or in other words, the only features they offer, or in even simpler terms, the only feature they provide is the storage of Bitcoin itself. That being said, the best bitcoin wallets in the UK will be packed with much-needed and useful features that you can take advantage of.

An example of this would be an eToro wallet, where you will be able to buy as well as sell cryptocurrencies without even needing to pay a commission. You can buy shares, FTs, and other assets through the provider which is a welcome addition to this feature set. Furthermore, eToro will allow you to exchange one cryptocurrency for another, which will prove to be quite convenient the more in-depth you go in regard to cryptocurrency investing.

Supported Coins

Another key thing you need to look at is the number of cryptocurrencies that are supported and can be stored within the wallet itself. Now, while the main focus we have here is Bitcoin, there could potentially come a point in time where you will be interested in investing with other cryptocurrencies. This is an important consideration that you need to make if you are interested in long-term investing, due to the fact that many online bitcoin wallets will only have support for the Bitcoin cryptocurrency. This means that if you wanted to, for example, buy Ethereum or buy Dogecoin, you would need to get a second wallet just for that specific purpose.

With all of that in mind, you need to know that the best bitcoin wallets in the UK will have support for many other digital coins as well. In the case of the top-rated UK wallet provider we selected on our list, eToro, you can store over 120 different cryptocurrencies, with the list growing on a consistent basis. This will allow you to build up a diverse portfolio when it comes to digital assets and as such, you can keep all of your coins in just a single wallet.

Ease of Use

Now, this might not be one of the main concerns when it comes to the most experienced users out there, but if you are a new user that’s just starting out, this has to be your top priority. An easy-to-use wallet will mean that there won’t be any complex jargon you won’t understand, and it should allow you to set things up with ease.

This means that it needs to provide you with an easy way through which you can buy, sell or trade cryptocurrencies, view their pricing, their charts, essentially everything you will ever need, all in a burden-free way. By using a complicated Bitcoin wallet that might not be as user-friendly, you will increase your chances of making a potential mistake that you do not want to make.

Best Bitcoin Wallet for iPhone and Android

Many of the Bitcoin wallets currently available in the market will by default be able to work with iPhone as well as Android devices. There are small differences however in the wallet design that could potentially make them better for a specific kind of operating device. In other words, some cryptocurrency wallets will work better on desktop devices and remain limited on mobile devices. Other wallets might be specifically designed for mobile users, allowing for the highest level of flexibility as well as convenience.

With all of that being said, if you are on the hunt for the best Android wallet or the best iPhone wallet, you need to check out some of the reviews that are out there and written by real people. You will likely find most of these on the Google Play Store or the App Store. On our list, eToro is selected as the best overall Bitcoin wallet for both iPhone as well as Android devices in the UK. Coinbase is also a wallet that works exceptionally well on iPhones, while Binance is a wallet that works exceptionally well on Android devices. Whatever you end up choosing, you won’t make the wrong choice, assuming you took all of the things mentioned in specific consideration based on your own requirements and needs.

How to Get a Bitcoin Wallet UK

At this point in time, after all of that, you are quite probably aware of all of the ins as well as all of the outs of how the best UK bitcoin wallets actually work. That being said, let’s take a step-by-step trip as to how to set things up with the top-rated provider eToro. Keep in mind that this process will be quite similar to other cryptocurrency wallets as well, so once you learn it, you will be able to implement this knowledge anywhere.

Step 1: Opening an eToro Account

Open an Online Trading Account

eToro is authorized as well as regulated by the FCA. This means that it is a legal requirement to verify all of the account users. This means that you need to complete the KYC (Know Your Customer) and AML (Anti-Money Laundering) processes. However, this is a good thing due to the fact that it keeps the exchange as secure as possible. This process is completed in just the span of a few minutes due to the fact that eToro uses an automated verification process.

Signup at eToro here to Buy Cryptocurrency with 0% Commission >

You need to go to the official eToro website and click on the “Join Now” button. After this, you need to enter your personal details, such as your full name, your home address, as well as your date of birth. Ensure that all of this information is fully legitimate, as it will need to be verified later on. Now, you need to verify your phone number by entering a code that eToro will send to you through an SMS.

You then need to upload a copy of your passport, or alternatively, your driver’s license. You can then upload a copy of a recently issued bank account statement or utility bill and you will be done. Assuming you have all of this information upfront, you will be done in the span of just a few minutes.

Step 2: Downloading the eToro Application to Your Mobile Device

etoro

Once you end up opening the account, the next step you need to make is to download the official eToro wallet application. You will be redirected to the Google Play Store or the App Store though clicking the install link, that will recognize the device you are currently on. Once you have downloaded the application, all that is left for you to do is to install it and log in with the eToro credentials you previously created.

Step 3: Adding Bitcoin to Your eToro Wallet

eToro placing an order

Once you have accessed your eToro wallet, the next process you need to make is to transfer Bitcoin into it. If this is your first time entering the world of cryptocurrency trading, the chances are high that you might not already have Bitcoin on you, however, you should not worry. You can buy Bitcoin directly from the eToro application. What you need to keep in mind here however is the fact that you need to make a minimum deposit of $200, but you can invest in Bitcoin at just $25. All of this can be instantaneous if you are using credit cards, debit cards, PayPal, Skrill, or Neteller.

If you already own Bitcoin, you can just locate your unique wallet address from the app itself, copy it, and go to the wallet where your Bitcoin is currently stored. All that will be left for you to do is to paste the wallet address and specify how much Bitcoin you intend to transfer. Once all of this is completed, the funds will appear on your eToro Bitcoin wallet in around 20 minutes or less.

Step 4: Selling the Bitcoin on Your eToro Wallet

etoro trading

There will come a point in time where you might want to sell your Bitcoin and cash out. eToro is an exchange that allows you to do this in an extremely simple way. You just need to click on a button, and as soon as you confirm the sale, the cash will be placed in your eToro account, after which you can withdraw the funds back into a credit card, debit card, e-wallet, or even your bank account with ease.

eToro – The Best Bitcoin Wallet UK

At this point, you know everything you need to know about the best bitcoin wallets out there, and this feeling could be overwhelming when opening a new Bitcoin wallet. This is due to the fact that you need to consider many, many factors, from the type of bitcoin wallet that is perfect for your specific requirements, to understand all of the key metrics such as private keys, passphrases, or public addresses.

1
$50Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

This is why eToro is selected as the number one choice when it comes to the best Bitcoin wallet in the UK. This is due to the fact that it is extremely simple to use, and aside from being a cryptocurrency wallet that supports numerous cryptocurrencies, it is a brokerage and exchange service. This means that you have the opportunity to buy and sell 23 cryptocurrencies commission-free, and you can also access hundreds of crypto-pairs. It is fully regulated by the FCA, which will give you a lot of much-needed peace of mind.

Recommended Broker
Buy now

CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.

Recommended Broker
Buy now

CFDs are complex instruments that have a high risk of losing money quickly due to leverage. 72.6% of retail investor accounts lose money trading CFDs with this provider.

Recommended Broker
Buy now

CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.

Rating
5.0
4.5
4.3
Mobile App Rating
1/10
10/10
9/10
Mobile App
Wallet
Number of Coins
32814
Trading Fees
SpreadsCommissionN/A
Deposit Fees
N/A$0N/A
Withdrawal Fees
5 USD$0N/A
Regulated
N/AYesCBI and MiFID in Europe
Min. Deposit
50$$20$100
Leveraged Trading
N/AYes1:2 for cryptocurrencies
Bitcoin
$48764.57$48449.96$48570.97
Ethereum
$3541.89$3479.32$3488.01
XRP
$1.11$1.09$1.10
Tether
$1.00N/AN/A
Litecoin
$185.36N/A$182.99
Bitcoin Cash
$641.97N/A$637.88
Chainlink
$28.74N/A$29.17
Cardano
$2.46N/AN/A
IOTA
$1.68N/A$1.64
Binance Coin
$426.49N/AN/A
Stellar
$0.33$0.33$0.33
EOS
$5.50N/A$5.42
Credit Card
Paypal
Sepa Transfer
Skrill
Sofort
Giropay
Neteller

FAQs

How Do I Check My Bitcoin Wallet Address?

What Is the Best Anonymous Bitcoin Wallet?

What Is the Best Android Device Bitcoin Wallet?

What Is the Safest Bitcoin Wallet That a UK Cryptocurrency Trader Can Use?

How Do I Keep My Wallet Private Keys Safe from Hackers?

Can You Store Bitcoin and Ethereum in the Same Wallet and What Other Cryptocurrencies Can You Store?

What Is the Best Bitcoin Wallet for iOS Devices?

About Milko Trajcevski PRO INVESTOR

Milko Trajcevski is a truly determined content writer with a passion for the crypto industry and has a successful track record of researching and effectively writing articles about cryptocurrency, non-fungible tokens, and blockchain covering the fields of crypto-asset regulations, wallets and exchanges, liquidity, altcoins, DApps, forks, mining, laddering, security and enterprise blockchain technology.