Best Cardano Wallet UK – 4 Best Cardano Wallets in 2021

Whether you already hold some ADA tokens or are looking to buy Cardano for the first time – you will need to think about where to safely store your digital funds. There are tons of Cardano wallets online, so it’s best to conduct some research before signing up with a provider.

In this guide, we save you some legwork by reviewing the best Cardano wallets in the UK, as well as detailing how to get started in under five minutes!

#1 Cardano Wallet In the UK – eToro

Best Cardano Wallet in the UK – Top 4 List

After much deliberation, you will find the best Cardano wallets in the UK listed below:

• eToro – Overall Best Cardano Wallet in the UK
• Coinbase – Best Cardano Wallet for Beginners
• OKEx – Recommended Cardano Wallet for Features and Tools
• Binance – Best UK Cardano Wallet for Asset Diversity

We offer a full review of each Cardano wallet next.

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

Best Cardano Wallet in the UK – Full Reviews

In this section, we review the top Cardano wallets in the UK. This should save you some time and give you a better idea of what is out there in terms of ADA token storage. You should think about regulatory standing, what type of device might be most suitable, whether fees are reasonable, and much more.

Rather than signing up based on other people’s opinions, it’s crucial that you also engage in your own investigation. For any beginners – we detail how to find the best Cardano wallet in the UK after the following reviews.

1. eToro – Overall Best Cardano Wallet in the UK

eToro, the broker behind the best Cardano wallet in the UK, has successfully gained over 20 million clients from around the globe. You shouldn’t worry about legitimacy or ethical conduct with this storage app, as the FCA regulates the provider. The GFSC in Gibraltar has approved and licensed the wallet itself, which shows that eToro follows rules surrounding safety, has more than adequate resources, and has proven compliance with AML and such.

As we touched on, this wallet comes as an app – which is free to download on both Android and iPhone devices. You can also open an eToro account without charge. Aside from Cardano, there are over 120 cryptocurrencies that you can store in the eToro wallet. This guide found large-cap tokens such as Ethereum, Bitcoin, XRP, and EOS. And smaller offerings like Yearn.Finance, Chainlink, Decentraland, Aave, and many others. All of which can be bought, sold, and safely stored via the app.

There are also over 500 convertible digital currency pairs available via the eToro crypto wallet. As such, this is not only a storage option but also doubles up as an exchange. Here you can buy, sell, swap, and check the performance of your portfolio from the palm of your hand. This is one of the safest mobile apps in this category, as there are multiple advanced security features in place to prevent unauthorized access to your account and investments.

This includes DDoS protection, standardization protocols, and multi-signature facilities. You will be given your own unique and personal private on-chain address – allowing you to receive, transfer and store cryptocurrencies anywhere on the blockchain. This is one of the best Cardano wallets in the UK for many of the above reasons. With that said, a stand-out feature is the ability to quickly recover your private keys if you lose them – crucially, on a regulated platform.

The eToro Cardano wallet is suitable for investors of all financial standing as the minimum investment starts from just $25 – which converts to around £18. The broker behind this wallet app accepts 15 deposit currencies. Although the platform operates in US dollars, you will not have to exchange your British pounds via a third party as the provider will convert it for you, for a small 0.5% exchange fee. Check out the Copy Trader feature for passive investing.

This allows you to mirror a seasoned investor. Rather than stipulating commissions – eToro only charges the spread to buy and sell Cardano. For those unaware, this is the difference between the buy and sell price of the asset. This gap is tight here and starts from just 0.75% on cryptocurrencies. When you are ready to fund your account, you will find plenty of deposit methods – including credit and debit cards, bank transfers, and e-wallets like PayPal and Skrill.

Pros

Cons

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

2. Coinbase – Best Cardano Wallet for Beginners

The buy Cardano wallet at Coinbase is great for beginners due to its simple layout and easy-to-navigate crypto platform. This is a successful crypto exchange looking after over 56 million accounts from around the world. You can take matters into your own hands by opting for the free Android or iPhone app and taking care of your own private keys.

The app allows you to sell, buy and trade cryptocurrencies on the go. The best Cardano wallet in the UK for beginners is probably the web option. In this instance, 98% of your digital assets will be safe in offline cold storage. This is a major selling point in terms of safety as your investment is kept away from cybercriminals. Alternative supported tokens include Bitcoin, Ethereum, XRP, Dogecoin, Uniswap, Solana, Litecoin, and more.

We mentioned the mobile app option, which is free to download for iPhone and Android users. Although this means you are tasked with securing your own ADA tokens, it also means you have full control over your private keys. You can easily access your main account via the application to manage your digital currencies.

You can add funds to your OKEx account via a credit or debit card – with a fee of 3.99% of your deposit. Alternatively, you can also opt for a UK bank transfer. Either way, you will need to complete the KYC process first. We offer a step-by-step sign-up later for anyone new to trading. This entails confirming who you are and uploading ID and documentation for proof of identity and address. The commission fee to buy and sell Cardano stands at 1.49%.

Pros

Cons

at eToro, the UKs #1 Broker

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

3. OKEx – Recommended Cardano Wallet for Features and Tools

The third best Cardano wallet in the UK is offered by OKEx. The exchange handles over 20 million accounts for clients from 200+ countries. You can choose between two storage types – first, the mobile app, allowing you to access your cryptocurrency portfolio on the move. This may be better suited to seasoned traders, as you must look after your own private keys.

Alternatively, you might opt for the OKEx web wallet. Many would argue this is the most beginner-friendly route. Instead of you having to take on the responsibility yourself – your private keys and ADA tokens will be kept safe by the provider. There are 400+ crypto-pairs available, comprising Bitcoin, Ethereum, XRP, Tron, Dogecoin, Polkadot, and more. You can also use ADA tokens to buy and sell other markets or exchange them for alternative digital currencies.

Please note that, unlike eToro, this Cardano wallet does not offer a private key recovery service. The commission charged to buy and sell ADA tokens is 0.10%. You can fund your account from within the mobile app using UK credit and debit cards, but must first upload the relevant documentation so that OKEx can validate your identity. OKEx also offers an ‘Earn’ section which enables interest-bearing opportunities on your idle cryptocurrencies.

Pros

Cons

at eToro, the UK’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

4. Binance – Best Cardano Wallet in the UK for Asset Diversity

Binance is behind of the most well-known Cardano wallets in the UK. The cryptocurrency exchange behind it boasts the highest trading volumes in the sector. This storage option includes safety features like address whitelisting and two-factor authentication. You can use the web offering, or download the Trust Wallet.

The Trust Wallet is backed by Binance and is free to download from the relevant app store. If you are looking for diversity, there are hundreds of alternative cryptocurrencies to buy and sell here. This guide found Bitcoin, Ethereum, Polkadot, Uniswap, SushiSwap, and many more. The trading fee is 0.10%, meaning for every £100 you stake you pay £0.10. Alternatively, you may find the web wallet a good alternative.

This Cardano web wallet ensures the majority of your funds are kept in cold storage and the aforementioned safety features apply to prevent unauthorized access to your tokens. The mobile offering has the added bonus of being compatible with third-party exchanges to sell, buy and trade ADA tokens. There is a savings account at Binance – allowing you to earn money on crypto. You can fund your account with a credit/debit card after completing the KYC process.

Pros

Cons

at eToro, the UK’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

What is a Cardano Wallet UK?

When we need to put fiat money away, most of us look to a bank. When it comes to cryptocurrencies – you need to secure digital assets. The best Cardano wallets in the UK will make it possible to store ADA tokens – as well as offering access to the relevant markets so that you can buy, sell and swap.

• This means you should have everything you need under one roof and can also check on the performance of your portfolio with ease.
• There are various different categories of Cardano wallets in the UK and we discuss this matter in more detail shortly.
• Which one is right for you will depend on various aspects, such as how comfortable you feel keeping your own private keys safe or how you wish to access your account.

The provider will also give you what’s called a ‘public address’ – you will need to enter this information to transfer cryptocurrencies into your wallet. It’s comparable to bank details.

Depending on which type of storage option is the best Cardano wallet for you – you may be given a private key. This is advanced cryptography, a number unique to you that authorizes you, and only you, to access your ADA tokens. Many investors have lost this key and, subsequently, all of their digital assets. Beginners might find this intimidating, however, there are other options, which we talk about next.

How to Find the Best Cardano Wallet UK

Although we have reviewed the best Cardano wallets in the UK, it is important you carry out your own research to find the ideal storage option.

See below for some key considerations when looking for the best Cardano wallet in the UK. This includes the different types available, security, features, and more.

Cardano Wallet Types

Cardano wallets differ, and the type you choose will depend on how you like to access your digital tokens. For instance, if you spend plenty of time on your home computer, you may prefer a desktop wallet. Those who like to check things on the move will be more likely to opt for a mobile or web storage option.

See the various storage types below, to give you a better indication of what might be the best Cardano wallet for you:

Hardware Wallet

When researching the best Cardano wallet in the UK, you will have probably seen hardware wallets advertised.

Let’s clear the mist on this type of Cardano wallet:

• This option is a tangible device
• Your private key will be kept on the hardware wallet, and your ADA tokens will be kept on the blockchain
• Comparable to a USB dongle – to access your blockchain address, you will usually have to plug the hardware device into a computer

If you are looking for the best Cardano wallet and want to take on the responsibility of its safekeeping, then this is one of the most secure ways to store your private keys. With that said, beginners may take comfort from signing up with a regulated broker like eToro that will store your assets in a safe space at no extra charge. You also have the convenience of accessing your account from the palm of your hand – wherever you are.

Mobile App Wallet

Many people believe the best Cardano wallets in the UK come in the form of a mobile app. As we just mentioned, it is a very convenient option for those of us who are never too far away from our mobile phones. Always ensure the provider offers safety features such as two-factor authentication and even the option of signing in with your fingerprint.

The best Cardano wallets in the UK will enable you to store – as well as buy, sell and trade ADA tokens from within the app itself. You should also be able to view your portfolio on the main platform. The eToro storage option is free to download, holds a regulatory license, and allows you to do all the above. You will find support for over 120 cryptocurrencies.

Web Wallet

The web wallet, as discussed in our earlier review of the best Cardano wallets in the UK, is a convenient option for all skill sets. This will see you signing into your broker account and accessing your ADA tokens from the platform itself.

• This saves you from downloading anything onto your home computer or mobile phone
• Via an FCA-regulated provider like eToro, you can store your cryptocurrencies in a safe space at no extra cost
• Furthermore, you can purchase from as little as $25 in Cardano tokens to take a slow and steady approach to investing

If you decide the best Cardano wallet in the UK is one offered by an unregulated platform, you should be aware that your investment could be vulnerable to cryptojackers. As we touched on, you can store your ADA tokens at eToro in safety. The FCA regulates this broker – as well as CySEC and ASIC.

Another key advantage of choosing a web wallet is that you can easily view your portfolio holdings by simply logging into your account. eToro also enables you to buy and sell ADA tokens under one roof so that you don’t have to deal with a third-party exchange and multiple transfers.

Desktop Wallet

A desktop wallet is what it sounds like, instead of having hardware or software on your mobile – the storage remains on your desktop. This is the least flexible option for most people and also entails following a range of safety protocols to secure your ADA tokens.

• If you are a little more clued up when it comes to securing cryptocurrencies, you might consider a desktop wallet the better option.
• This will see you downloading software onto your computer and securing it from crypto thieves – who mine your tokens without you knowing.
• You can still send and receive funds this way, but remember, if you are not near the device the wallet is on, you will not be able to catch a potentially profitable opportunity!

The best Cardano wallet in the UK will offer a flexible storage and trading solution that’s accessible in multiple ways. When signing up with eToro, you can download the crypto app as a mobile solution – and can also opt to store your ADA tokens on the platform itself. Any investment you hold on the trading site is held in cold storage and you can access your assets to cash out at any time you wish.

Cardano Wallet Security

Safety is one of the deciding factors for many people looking for the best Cardano wallet in the UK. This digital industry is fraught with risk and many traders won’t realize they have been robbed until it is too late. As such, if you opt for a storage option that entails a broker looking after your investment – always check what security measures will be in place.

See below some simple but effective security features offered by the best Cardano wallets in the UK:

• Two-Factor Authentication (2FA): As we mentioned earlier, this is a standard security measure offered by the best Cardano wallets in the UK. Put simply, you will receive a one-time password via SMS or Google Authenticator (recommended by most reputable wallet providers) to enter when accessing your wallet.
• Regulation: There are some reputable companies that are not regulated by a financial authority. With that said, the best Cardano wallets in the UK are, and this is one of the safest ways to store ADA tokens. eToro holds a license from the FCA as well as other bodies, which can be seen as a safety net when buying and selling cryptocurrencies.
• IP and Device Whitelisting: As we said, a public address enables you to receive cryptocurrencies in your wallet. The best Cardano wallets in the UK will enable whitelisting. This means you can add the details of ‘safe contacts’ to your address book, making sending tokens a much safer experience. Furthermore, you will usually be able to confirm the transaction using the above-mentioned 2FA.

There are a couple of other considerations when looking for the best Cardano wallet in the UK. We cover those next, before offering a walkthrough of how to sign up and download your chosen storage option – in three simple steps.

Supported Cryptocurrency Markets

The best Cardano wallets in the UK will provide access to ADA tokens, as well as plenty of alternative markets. This is because many investors opt to diversify at a later stage. For instance, some crypto traders use this digital asset as a hedge against Ethereum.

As well as large, medium and small-cap cryptocurrencies, the best Cardano wallets in the UK offer a wide range of completely different asset classes to buy and sell within the trading platform. For instance, eToro offers markets that include commodities, indices, forex, ETFs, and stocks. The broker offers 0% commission on the latter.

Features – Buy, Sell and Convert

The best Cardano wallets in the UK offer a multifaceted storage solution that includes the ability to buy, sell, and convert your ADA tokens in a few clicks.

• eToro allows you to create buy and sell orders on Cardano starting from just $25
• You can also access over 500 digital currency pairs
• This cuts out the need to transfer or move your tokens back and forth to a third-party exchange

As such, if you want more than just a storage solution from the best Cardano wallet in the UK – you will need to ensure your chosen provider can facilitate the buying and selling of ADA tokens.

How to Get Started With the Best Cardano Wallet UK

Our intensive research revealed eToro as the all-round best Cardano wallet in the UK. The FCA, ASIC, and CySEC watch over the provider, and you can also buy, sell, and trade with ease.

You will see below a simple four-step walkthrough explaining how you can get started with the best Cardano wallet in the UK.

Step 1: Open an Account With the Wallet Provider

To get started with the best Cardano wallet in the UK – eToro, you will need to create an account with the brokerage behind it. Head over to the platform and click ‘Join Now’ to enter your information.

As well as filling in your name, address, telephone number, and email, you will need to consider a username and a password you feel safe using to access your account moving forward. Click ‘Create Account’ when all is correct.

eToro is legally bound to validate your identity and address in order to complete your account registration. For this, you can send a clear copy of an official government ID like your passport, for instance.

For proof of address, many people upload a bank statement or a utility bill. You must make sure the documents you send are clear and the proof of address must be dated within 3 months. This will make the KYC process as fast as possible.

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Download the eToro Wallet

Once your account has been confirmed, you can download the eToro wallet directly from its website.

eToro – the winner of the best Cardano wallet in the UK – is compatible with Android and iPhone devices. Once you have downloaded the application, you can install it and sign in to the account you just created.

Step 3: Add Cardano to eToro Wallet

By now, you have confirmation of your new account and have signed in with the username and password you chose in step one of this walkthrough.

There are two options to add ADA tokens to the best Cardano wallet:

• Transfer existing ADA tokens: As we said, eToro will provide you with a public address. If you already hold some Cardano, you can transfer this over to your new wallet by copying and pasting the aforementioned address into the storage solution or the exchange where you currently hold your ADA tokens.
• Buy new Cardano tokens: Not to worry if you don’t already have some ADA tokens. You can easily buy some by choosing your preferred fiat deposit method and adding some funds to your eToro account. Next, you simply need to find Cardano from the list of supported digital currencies and place a buy order. Your purchase will show in your wallet instantly – provided you completed the KYC procedure required for fiat payments.

Please note that although this Cardano wallet does not charge any extra to store your digital assets, you will pay the small 0.5% exchange fee to deposit – which only works out at £5 for every £1,000.

Best UK Cardano Wallet – Conclusion

Hopefully, by this point, you have a much better idea of what type of wallet solution might be best for you to store your ADA tokens. The best Cardano wallets in the UK will enable you to access a plethora of cryptocurrencies to buy, sell, swap, and store – at a low cost.

Safety and security are also extremely important, so do ensure there are measures in place – especially if you elect to store your digital funds on a web wallet. The fully regulated eToro wallet is one of the safest and most competitive we came across in terms of fees. The app is free and the broker only charges the spread on trading transactions.

You will pay a small 0.5% exchange fee when making a deposit, which is highly competitive. Additionally, you will find 120+ digital currencies and over 500 pairs – which allows you to swap your ADA tokens for any other listed market with a few clicks!

eToro – Best Cardano Wallet the UK

 

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