Best Ethereum Wallet UK – 5 Best Ethereum Wallets in 2021

Whether you are on the road to discovering the world of cryptocurrencies or are experienced and just here searching for storage solutions – never underestimate the importance of a wallet when buying Ethereum. There are various types of wallets to consider for storing your ETH tokens, all of which we shed some light on throughout this guide.

As well as talking about what options you have to store your investment, we review the best Ethereum wallets in the UK and explain how you can set up today!

#1 Ethereum Wallet In the UK – eToro

Best Ethereum Wallet in the UK – Top 6 List

To get the ball rolling, you will need to find a decent wallet provider. If you are in a hurry, below you will find a list of the best Ethereum wallets in the UK.

• eToro – Overall Best Ethereum Wallet in the UK
• ZenGo – Efficient and Secure Ethereum Wallet
• Coinbase – Best Ethereum Wallet for Beginners
• OKEx – Recommended Ethereum Wallet for Features and Tools
• Binance – Best UK Ethereum Wallet for Asset Diversity
• Coinjar – Best Ethereum Wallet In the UK for Buying and Selling Small Amounts

Next, we review the above-mentioned UK Ethereum wallets in full and explain their safety features, fees, and strong points.

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

Best Ethereum Wallet in the UK – Full Reviews

When you are researching the best Ethereum wallet in the UK, it’s important that you look at a wide range of different aspects. This doesn’t just mean checking out what fees you will be liable for but also involves considering how your investments will be kept safe from crypto criminals.

Your Ethereum investment should be readily available when you need it. As such, it’s also crucial to think about how you might access your ETH tokens too. Different options include; online access, mobile app, desktop offering, or a physical hardware device. You should also consider whether you can buy and sell digital assets from your Ethereum wallet.

1. eToro – Overall Best Ethereum Wallet in the UK

eToro offers the overall best Ethereum wallet in the UK for many reasons, which we talk about during this review. To clear things up, this option comes in app form and is free to download for both iPhone and Android users. Furthermore, regulation should not be taken for granted when looking for the most suitable storage solution. This guide found that the FCA, ASIC, and CySEC regulate the eToro brokerage platform – so there should be little concern about the safekeeping of your digital investments. Aside from being regulated, this provider is also well known amongst investors – with over 20 million clients worldwide.

In terms of digital assets, there are more than 120 to choose from on the eToro Money crypto wallet. Moreover, you can swap and change any of over 500 cryptocurrency pairs with one another – crucially, without the need to transfer any assets elsewhere first. This will prove invaluable when you want to add more tokens to achieve asset diversity in your portfolio. Alternative coins include IOTA, Cardano, Litecoin, Dash, Binance Coin, Chainlink, Ripple, EOS, Stellar, and many more.

As well as listing cryptocurrencies, this broker offers thousands of different markets. This covers forex, tons of international stocks, commodities, indices and ETFs. The app is easy to use – simply download it from the relevant store and enter the login details used on your eToro account. There is no danger of losing your private keys with this Ethereum wallet provider. This is because the platform provides a security backup service in the event you need to recover access to your wallet. You can add funds using debit/credit cards, bank transfers, and e-wallets like PayPal. Note, there is a competitive fee of 0.5% to convert GBP into USD.

This overall best Ethereum wallet in the UK allows you to easily transfer, receive, and store your cryptocurrencies anywhere on the blockchain. This is achieved by using your own unique private on-chain address. For stronger security, the eToro Money crypto wallet uses standardized protocols and various high-level security features. The latter is inclusive of DDos and multi-signature facilities to protect your investment against unauthorized access. Notably, this provider only charges a spread to trade digital assets (from 0.75%). As you will have an account, you can also easily access the main eToro platform to buy and sell cryptocurrencies at a minimum stake of just $25 (about £18).

Pros

Cons

Cryptoassets are highly volatile unregulated investment products. 68% of retail investor accounts lose money when trading CFDs with this provider.

2. ZenGo Wallet – Efficient and Secure Ethereum Wallet 

ZenGo is a non-custodial, keyless crypto wallet, making it the simplest yet most secure and always recoverable wallet to invest in cryptocurrency. Create an account in just 19 seconds and be the true owner of your crypto. Until the end of January 2022, users of ZenGo will be able to earn 5% APY on their bitcoin up to $50,000 worth of BTC. Above $50,000 users will earn 1% APY. Facilitating the storing, trading and movement of crypto, ZenGo allows users to sell Bitcoin in Europe, the UK and the US. Additionally, ZenGo will soon also be offering reduced fees, lower minimum deposits, new options for trade and 8% APY on USDC, USDT, DAI and NEXO tokens will be offered, no limits or tiers

Pros

Cons

3. Coinbase – Best Ethereum Wallet for Beginners

Coinbase offers the best Ethereum wallet for beginners and comes with heaps of advantages. To start, this provider is well-versed in providing cryptocurrency services – with more than 56 million clients from over 100 locations. This wallet is one of the safest in the industry and the provider behind it adheres to all applicable regulations and laws surrounding every jurisdiction in which the company operates. Furthermore, the firm is registered with FinCEN as a ‘money services business’.

The Coinbase Ethereum wallet must adhere to the many written procedures and policies in place – such as verifying your identity and gaining an understanding of your trading history and experience of risk. This is another offering that comes in app form, which makes accessing your portfolio an easier process for most people. You could also opt to download the desktop extension for Google Chrome. In this instance, your private pass keys will still be safe on your mobile phone. This allows you to access your Ethereum wallet on the web – without worrying about your tokens being stolen without your knowledge.

Another factor that makes Coinbase one of the best Ethereum wallets in the UK is that there are over 500 markets to trade. This guide found categories covering NFTs (non-fungible tokens), ERC-20 tokens, and DeFi coins. This includes Tether, Chainlink, Dogecoin, Uniswap, Ripple, Polkadot, Litecoin, Stellar, EOS, Dai, and many more. Additionally, you can trade these digital assets on DEXes (decentralized exchanges) within the app – for instant and convenient token conversion. This Ethereum storage option is not short of security features, either.

Not only does Coinbase use cold storage to protect your digital funds, but your investment will be secured using 2-factor authentication. The Coinbase app enables you to keep your ETH tokens on your mobile phone. Additionally, you can look after your own private keys – without the need for a crypto exchange or brokerage. For an extra layer of security, you are encouraged to set up fingerprint ID and biometric access. For those who would rather not have the burden of this responsibility, you can just use the web wallet, whereby the broker manages your private keys and such for you.

Pros

Cons

at eToro, the UKs #1 Broker

Cryptoassets are highly volatile unregulated investment products. 68% of retail investor accounts lose money when trading CFDs with this provider.

4. OKEx – Recommended Ethereum Wallet for Features and Tools

OKEx is the best Ethereum wallet in the UK for people who want a plethora of tools and features. The broker serves millions of people from 100+ countries. This storage option comes with the choice of a mobile or desktop version compatible with Android/iPhone and Mac/Windows, respectively. If you wish, you can use a secure extension to set the wallet up within your browser.

There are over 400 cryptocurrency pairs listed by this provider, which means if you decide to diversify or change your strategy, you can with ease. The commission fees charged here are really competitive, starting at 0.1%. Additionally, this guide found tons of sophisticated tools offered by within the OKEx Ethereum wallet. This includes the ability to buy and sell DeFi directly via the wallet, which saves you from having to leave the app.

Not only that, but with this offering, you essentially have an exchange platform in the palm of your hand – because you can sell, buy and trade ETH coins at the click of a button. Other tokens include Bitcoin, Ripple, Cardano, Tether, Chainlink, Polygon, OKB, and many more. In terms of safety, only you will hold your private keys, which means only you can access your Ethereum investment. You can also explore newly released digital currencies via your wallet.

If opting for a credit/debit card to fund your account, note there is a small fee. If you choose a cryptocurrency such as Ethereum, Bitcoin, or Tether, for instance, you won’t have to pay anything. Other accepted deposit methods include e-wallets such as PayPal, Apple Pay and Google Pay. This makes buying and selling ETH tokens via your wallet app a fast and stress-free process. Alternatively, you can transfer coins between the platform and the app by going to ‘My Wallet’.

Pros

Cons

at eToro, the UK’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. 68% of retail investor accounts lose money when trading CFDs with this provider.

5. Binance – Best Ethereum Wallet in the UK for Asset Diversity

Binance is a well-known crypto platform serving more than 100 million people worldwide. This provider offers the best Ethereum wallet in the UK for asset diversity. Here, digital currencies can be filtered down by PoW (proof of work), PoS (proof of stake), innovation, NFT (non-fungible token), DeFi (decentralized finance), BSC (Binance smart chain) and storage coins.

Aside from Ethereum, this guide found over 500 big and small-cap cryptocurrencies. This includes Binance Coin, Uniswap, Ripple, Litecoin, Cardano, Bitcoin Cash, Dogecoin, Chainlink, Polkadot, Solana and more. Of course, this means that you can create a diverse portfolio of digital assets under one roof. Notably, to add funds to your account with credit/debit cards, you will need to complete KYC and upload documents proving your ID.

This Ethereum storage solution offers the option of a web wallet and a downloadable Trust Wallet. The first option will see you using your broker details to log in online (or on mobile if preferred) and viewing your investment there. There should be little to no safety concerns, as most of your funds will be kept secure in cold storage. Binance also utilizes 2-factor authentication and address whitelisting for extra protection against unauthorized access.

Alternatively, the best Ethereum wallet option for you might be the Binance Trust Wallet. This decentralized crypto wallet is compatible with multiple third-party storage options and markets. You are in control of your own passwords and investments – so buying, selling, and storing your ETH coins are all possible from your mobile. Whatever you decide the best option is for your needs – commissions start at a very competitive 0.1% to buy and sell digital assets.

Pros

Cons

at eToro, the UK’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. 68% of retail investor accounts lose money when trading CFDs with this provider.

 

6. Coinjar – Best Ethereum Wallet In the UK for Buying and Selling Small Amounts

Coinjar also serves millions of clients and is well known amongst traders and investors alike. This is a good option for people searching for the best Ethereum wallet in the UK to buy and sell small amounts. The broker behind this storage option supports fractional investments from as little as £5. Furthermore, you can access your portfolio via both the mobile app and the desktop site by signing in.

Whether you opt for desktop or mobile, the Coinjar Ethereum wallet is easy to navigate. The interface has clear tabs showing deposit, convert and send options – all possible from both Coinjar users and external accounts. Furthermore, you can buy and sell between fiat and digital currencies on the go. Alternative digital assets here include well-known tokens like Tether, Ripple, Bitcoin, Litecoin, and EOS, and smaller coins like Enjin, Synthetix, OMG, and more.

If you like a more personal experience, this Ethereum wallet enables you to customize various settings. This includes being able to set up push notifications when ETH and other markets hit a specific value price. You will also get price alerts in real-time and can easily monitor the performance of your portfolio whenever you feel like it. This ensures you never miss a beat – which is crucial with such a speculative and volatile asset class.

The popular Ethereum wallet offered by Coinjar is suitable for both Android and iPhone users and is free of charge. Furthermore, you can buy ETH coins instantly by using a debit/credit card to fund your account, but note there will be a charge of 2%. You can also deposit using British pounds with a UK bank transfer via the Faster Payments network. Furthermore, you will not be charged a fee to withdraw GBP to your bank account.

Pros

Cons

at eToro, the UK’s #1 Broker

Cryptoassets are highly volatile unregulated investment products. 68% of retail investor accounts lose money when trading CFDs with this provider.

What is an Ethereum Wallet UK?

Much like when we open an account with a bank for the safekeeping of our British pounds – the best Ethereum wallet in the UK will allow you to store your digital currencies without fear of theft. As you have seen in the above reviews, this storage option comes in a few different forms. There will be differences – such as whether you can also send and receive tokens. Most wallets come in the shape of a mobile phone app, hardware (physical device), or web wallet.

The latter means, whether on your home computer or via your mobile 4g data – you can access the investments in your wallet on any browser. Notably, you must thoroughly research the wallet and provider in this instance, as your private details could be vulnerable. The best Ethereum wallets in the UK facilitate the buying, selling, sending, and receiving of ETH coins – as well as other cryptocurrencies.

• By opting for a broker with a strong regulatory standing, like the aforementioned eToro, you can buy, sell and store Ethereum in safety.
• Not to mention the super low fees and the option of heaps of payment types to make a deposit.
• You can also send and receive other crypto coins.
• If you want to send tokens on eToro’s crypto wallet, you will log in, click ‘Balance’, select the asset to send and enter the recipient’s public wallet address.

For anyone completely new to the cryptocurrency space, we cover all aspects of how to find the best Ethereum wallet in the UK next.

How to Find the Best Ethereum Wallet in the UK

Earlier, we reviewed the top five Ethereum storage solutions and explained the various features and options offered by the providers behind them. When it comes to how to find the best Ethereum wallet in the UK, you will need to have a clear idea of what makes a good one and perform some in-depth research of your own to reach a conclusion.

What you consider a priority ultimately depends on your own goals for Ethereum. For instance, you might favor asset diversity and not be too concerned with the ability to access your funds in multiple different ways. Nevertheless, to help you find the best Ethereum wallet in the UK, you will see a list of key metrics below.

Reputation and Regulation

When you are researching the best Ethereum wallets in the UK, you will notice they are backed by third-party providers. With this in mind, it is imperative that you check out the credentials – namely reputation and regulation. There are many storage options that have no financial authority keeping an eye on how business is conducted – nor how your funds are handled.

In stark contrast, the eToro brokerage platform is regulated by the FCA, CySEC, and ASIC. Your currencies are kept safe with DDos protection, standardization protocols, and multi-signature facilities. Furthermore, if the worst happens and you lose your personal key – you have the unlosable on-chain private key service to fall back on. This allows you to recover your details in a secure environment.

Security Features

Security is key when it comes to finding the best Ethereum wallets in the UK! The last thing you want is to grow your digital currency holdings, only to have them all taken away by cybercriminals. In a nutshell, if thieves mine your assets because you have no safety measures in place, you will probably not realize until it’s too late.

See below some of the key security features that the best Ethereum wallets in the UK should possess:

• Cold Storage: As we mentioned, cold storage is a term used for digital assets that are kept away from the internet and cryptojackers. Importantly, if you opt for a third-party wallet, that company will manage your private keys for you. Whilst there is nothing wrong with this, it’s important you research where your funds will be held. For instance, eToro’s wallet holds crypto on the blockchain, whereas the web wallet offering keeps most assets offline.
• Address Whitelisting: This safety feature only enables the withdrawal of cryptocurrencies to be sent to a wallet within your own address book. This allows you to add and remove any addresses you send to regularly – usually using 2-factor authentication to confirm any changes. As such, the only people you can send to will be those included in your list – whom you know and trust.
• 2FA – We have mentioned 2-factor authentication a few times throughout this guide. This is a basic security feature that all the best Ethereum wallets in the UK will offer as standard. So what is it? 2FA is an electronic feature that tends to require a one-time passcode (OTP) as well as your wallet details. Most brokers recommend using Google for the OTP, but you can also opt for SMS if you wish.

You will see the various types of Ethereum wallets available in the UK below. Take a look and see which variety might be most suited to your crypto goals.

Device Type

As we mentioned earlier, when reviewing the best Ethereum wallets in the UK, there are different options available. To give you an indication of which might be most suitable for you, see the most common below.

Mobile Wallet

Mobile wallets in the UK offer speed and convenience. This usually entails signing up with the best Ethereum provider and then installing a free application. This enables you to buy, sell, send, and receive ETH tokens in the palm of your hand – wherever you are. As we said, you will also be able to check how the contents of your portfolio are performing and view real-time price alerts and such.

When you are searching for the best Ethereum wallet in the UK, make sure you check how the provider will secure your investment. As we touched on, basic safety would include biometric authentication using your fingerprint and multi-signature facilities. The goal with any wallet should be to protect your ETH coins from unauthorized access, and crime of any description.

Hardware Wallet

Many newbies looking for the best Ethereum wallet in the UK might well be put off by a hardware offering. With that said, it is widely believed to be the safest option – provided you know how to secure it properly.

• A hardware Ethereum wallet is a physical device – usually, one that plugs in, a bit like a memory stick
• Whilst the wallet is tangible – your ETH coins will be stored on the blockchain
• The hardware Ethereum wallet simply stores your private passkey
• The private key allows you access to your own blockchain address – where your crypto-assets are kept

Hardware devices are considered one of the best forms of Ethereum wallets in the UK. This is largely due to the fact they isolate your private information and keys away from the prying eyes of the internet. This measure of keeping digital assets offline is known as cold storage and makes your cryptocurrencies far less vulnerable to hackers – of which there are many.

The downfall with this method of Ethereum wallet is that unlike with a mobile app – you can’t access your cryptocurrency funds as and when you see fit. That is unless you have a laptop or PC with you at all times, which is unlikely. You can access your account at any time via the eToro wallet app – all you need is your mobile and an internet connection.

Desktop Wallet

This guide on the best Ethereum wallet in the UK found although there are heaps of desktop crypto storage options – it may be the least flexible variety for modern traders and investors. This is because, if you are away from your home computer but spot a potentially profitable opportunity, you might have missed it by the time you return home.

Web Wallet

If you decide the right storage for your ETH tokens is a web wallet – you will buy, sell, and safeguard your crypto investment in one place. The best Ethereum wallets in the UK will be regulated for your safety.

• For example, over at FCA-regulated broker eToro – growing your portfolio with cryptocurrencies is a breeze.
• eToro offers one of the best Ethereum web wallets as the broker facilitates fractional investments from $25 (around £18).
• Another key advantage is the ability to cash out your investment with a simple trading order.

This can be carried out within your account, which saves you from transferring any assets back and forth between third-party exchanges.

Multi-Currency Support

Should you ever plan to branch out and diversify your digital holdings (if you haven’t already) – the best Ethereum wallet will support and list multiple currencies.

• To elaborate further with an example; let’s say you buy Ethereum using your wallet and you develop an interest in a smaller cap coin such as Matic.
• In this instance – you would need to first ensure that you can access that market via your chosen storage solution.
• As we mentioned in our earlier eToro review – the provider’s wallet allows you to store more than 120 digital currencies.
• This is inclusive of more well-known assets such as Bitcoin – or newer options such as Matic, Shiba Inu, and such.

This saves you from having to sign up with a different provider to add to your portfolio later on.

Features and Tools

If you are searching for the best Ethereum wallet simply to securely store your digital assets – then you may not be concerned with features. With that said, there is no harm in being aware of what’s out there.

As such, you will find a few of the most common features offered by the best Ethereum wallets below.

Portfolio Data

Regardless of what type of storage you choose – the best Ethereum wallets in the UK will show real-time price updates. Furthermore, you should be able to view how your portfolio of assets is performing with just a few clicks.

Another aspect to check is whether the Ethereum wallet allows you to see your account in British pounds – rather than just US dollars. This will save you from having to convert the price, profits, and losses of your investments or from downloading a conversion calculator.

Convert

There may come a time when you want to exchange your ETH coins for something else. If this sounds like something you might want to do, you should check that you are able to perform the swap from within the wallet. At eToro, you can change Ethereum to the likes of Litecoin or Dogecoin with a simple trading order.

Buy and Sell

Some of the best Ethereum wallets in the UK will let you buy and sell cryptocurrencies – in addition to storing your ETH coins. eToro is by far the most convenient option as you can complete the process within the app. This provider goes one step further by enabling you to make instant deposits using debit and credit cards, as well as e-wallets such as PayPal.

How to Get Started With the Best Ethereum Wallet UK

To get started with the best Ethereum wallet in the UK, you need to sign up with the provider behind it. For anyone who has no experience investing in cryptocurrencies, you will see a walkthrough below.

As eToro came out as the best Ethereum wallet in the UK – out of hundreds – we are using this platform for the purposes of this step-by-step signup.

Step 1: Open an Account

eToro is regulated by the FCA, CySEC, and ASIC – so you know you can store ETH coins in safety with this Ethereum wallet. As this brokerage holds a license, you will need to complete step one by entering your name, username, email, password, and phone number. This is in addition to your home address and date of birth.

Check all the information you have entered is correct because you will need to back this up with documentation in the next step. This is because the best Ethereum wallets in the UK adhere to anti-money laundering policies.

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

Step 2: Complete KYC Process

At this stage, you can complete your registration by sending a clear copy of the photo page of your passport or driving license. So that the Ethereum wallet provider can validate your residential address, you will need to send a copy of a bank statement or a utility bill. eToro uses automated technology for this part, so you will usually receive confirmation within minutes.

Step 3: Download eToro Ethereum Wallet

Next, you can download the best Ethereum wallet in the UK. The safest way to do this is via the official eToro website. Here you will see links to the App Store and also Google Play for Android users.

Upon being redirected to the relevant app store, you can follow the instructions on-screen to download and install the eToro Ethereum wallet.

Step 4: Add Ethereum to eToro Wallet

By this point in the sign-up process, you should have a fully validated account, have downloaded and installed the wallet app – and be in a position to fund it.

There are two ways in which you can do this, see below:

• Buy Ethereum: If you are yet to purchase any ETH coins, you can select a fiat payment method and fund your account. Remember that there will be a small fee of 0.5% to exchange GBP for USD. This only works out at £5 from every £1,000 you deposit. Next, place a buy order via your Ethereum wallet – the tokens should appear in your portfolio immediately depending on your chosen payment type.
• Transfer Ethereum From Wallet: If, on the other hand, you already hold some Ethereum – albeit on a crypto exchange or in a wallet, you will need to transfer it across to your new wallet. To do this, copy the address given to you at eToro and paste that into the place your ETH tokens are stored. Once you have confirmed all, you should see your cryptocurrencies appear in your newly acquired portfolio.

One of the key advantages of opting for the eToro Ethereum wallet is that you will not be charged to store your digital currencies in safety. As we touched on, this is also highly convenient when you decide to cash out your ETH coins for profit or to invest in another market.

Best Ethereum Wallet in the UK – Conclusion

In this guide, we’ve talked about the various types of storage available for Ethereum – as well as features and what differentiates them. The hardest part about trading and investing in ETH coins is finding the best wallet.

We reviewed a wide range of providers based on a set of strict criteria such as reputation and regulation, market diversity, fees, and whether you will be able to perform other tasks such as buy, sell, trade, and convert.

The stand-out winner of the best Ethereum wallet in the UK is eToro. The FCA, ASIC, and CySEC regulate this provider, which creates safer trading conditions. Via the app or web platform, you can buy, sell, store, and trade over 120 cryptocurrencies and in excess of 500 pairs. Furthermore, you can convert your ETH tokens for another crypto asset with a simple trading order.

eToro – Best Ethereum Wallet in the UK

 

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