Best Polkadot Wallet UK – 4 Best Polkadot Wallets in 2022
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Holding some Polkadot (DOT) tokens or looking to buy some? To get started, you will need to do your homework and find a trustworthy and reputable wallet provider to store your Polkadot investments in safety.
In this guide, we review the best Polkadot wallets in the UK for 2022 and show you how to get set up step-by-step.
Table of Contents
Find below a quickfire guide on the best Polkadot wallets in the UK:
We offer a full review of each Polkadot wallet in the next section of this guide – each offers a safe place to store your DOT tokens nonetheless. Shortly, we also detail how to find the best wallet for your needs and the different types there are available.
Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.
To save you from having to research hundreds of providers – we offer a full review of the top Polkadot wallets in the UK next. When conducting our investigations, we look for features such as the ability to buy, sell and swap DOT tokens from within the wallet itself. We also consider safety, available crypto markets, low fees, and ease of use – amongst other criteria.
eToro is a top-rated platform serving over 20 million clients and is regulated by the UK’s FCA, Australia’s ASIC, and also CySEC in Cyprus. We found this the overall best Polkadot storage solution for all skill sets. The wallet is free to download on both Android and iPhone and is regulated and licensed by the GFSC of Gibraltar. As such, there should be no worries about security on either the application or the main trading site. Once you have signed up and downloaded the Polkadot wallet, you can access your account on whichever platform you like.
As well as having the ability to store Polkadot in this wallet – it is compatible with 120 alternative cryptocurrencies. Additionally, on the main eToro platform, you will find some 29 tokens to buy and sell with ease – thanks to the brokers’ easy-to-use website. This includes Bitcoin, Litecoin, Dash, Ripple, Ethereum, Cardano, Tezos, and many others. You will only have to pay the spread here – which is very competitive at just 0.75%. Via the main dashboard, you can also access alternative markets such as ETFs, commodities, and stocks – the latter with 0% commission fees to pay!
Are you looking to allocate small amounts at a time to cryptocurrencies? This won’t be a problem with the eToro crypto wallet, as the provider is compatible with fractional investments starting from just $25 (approximately £18). The broker accepts fiat currencies from around the world to deposit. Notably, the platform is denominated in US dollars – so there will be a small 0.5% fee to swap your GBP to USD. Accepted payment methods include credit and debit cards (Visa and Mastercard), UK bank transfers, and e-wallets inclusive of PayPal, Skrill, and more.
When you are looking for the best Polkadot wallet in the UK, you will undoubtedly need to see what safety measures are in place. This mobile app includes features such as standardization protocols, multi-signature facilities, DDoS protection, and more. These advanced safeguards should give you greater peace of mind that your investment is highly unlikely to be vulnerable to unauthorized access. For those looking for more than just a storage solution, this offering from eToro also allows you to monitor your crypto portfolio – as well as buy, store and receive digital assets.
As well as using sophisticated tech to secure your wallet, eToro offers an unlosable on-chain private key service. This means you can recover the password needed to access your DOT tokens should you lose or forget your details. Some features available on the main platform include a free demo facility with $100k in paper funds and a Copy Trader tool whereby you can invest in a seasoned crypto investor and mirror their trading orders – in proportion to the amount you allocate to them. As this is a regulated broker, you will need to complete a KYC process.
Pros
Cons
Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.
The Coinbase wallet is super easy to get around and the exchange behind it looks after 56 million traders and investors’ accounts from around the world. There are a couple of options from this provider. The first is to opt for the web wallet, which saves you from looking after your own private keys and ensures that 98% of your DOT tokens are kept in cold storage offline. Security measures are crucial in this industry – largely due to the number of cryptojackers (or cybercriminals) active online.
The web wallet offering is downloadable as an extension on your browser, which can be added to your desktop. If you are confident enough to look after your own private keys, you might prefer to install the app version. This is free of charge for Android and iPhone users and supports over 500 different tradable tokens. When using the aforementioned mobile offering, you can check in on the performance of your crypto portfolio by linking your Coinbase account to the application. The Coinbase wallet supports large, medium, and small-cap crypto assets.
This is inclusive of Bitcoin, Ethereum, XRP, Solana, Dogecoin, Uniswap, Tron, Dai, and hundreds more. In terms of fees, commissions aren’t as low as it could be here – as you will be charged 1.49% to buy and sell DOT tokens. Please note, if you fund your account using a credit or debit card you will need to pay 3.99% of the amount you deposit. You may also select a UK bank transfer. First, you must go through the KYC process – which again, we talk about later for any beginners. All in all, the procedure is usually fairly fast and stress-free.
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.
OKEx is a crypto exchange platform. This provider offers a comprehensive storage option for those of you looking to safely secure your Polkadot tokens. There are over 20 million clients on its books, and the provider will take every measure to secure your purchased cryptocurrencies. This includes an advanced semi-offline multi-signature mechanism and analyzing unsigned transactions for anomalies – all to prevent your private keys from being compromised.
This provider allows you to choose between a web wallet and a free mobile app. The latter will see you taking care of your own private keys, so it might be better suited for experienced individuals. The web option saves you the burden of safekeeping the secret key needed to access your investment. The OKEx wallet allows you to use your DOT tokens to trade with an alternative cryptocurrency – or purchase another digital asset. Furthermore, there are in excess of 400 digital currency pairs listed. This includes pairs containing Bitcoin, Tron, Ethereum, Terra, Stellar, Monero, Cardano, and many others.
Commission stands at 0.10% to buy and sell DOT tokens, which is much more competitive than the previously reviewed Coinbase. It’s important to note that if you opt for the decentralized mobile app via Android or iPhone – you will not be able to recover your private keys if you lose them (like you can at eToro). When you are ready to add funds to your account, you will need to complete the KYC procedure. Once OKEx has validated your ID, you can make a deposit directly through the application – debit and credit cards are accepted here.
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. Binance is another crypto exchange on this list that is no stranger to offering a worldwide service to millions of people. This wallet is suitable for both beginners and advanced crypto investors. The storage offering from this provider is the Trust Wallet – which also doubles up as a portable exchange. Trust Wallet is not only secure, but very easy to use. Via the Trust Wallet app, you can access thousands of cryptocurrencies aside from Polkadot and also opt to send and receive tokens at the click of a button. The mobile platform supports over 40 blockchains. Digital assets include Ethereum, Bitcoin, Ripple, SushiSwap, Chainlink, Terra, Monero, and more. You may also choose to store your DOT investment in the Binance web wallet, which ensures your investment is kept safe and offline in cold storage. You can buy and sell Polkadot from within the app. Debit/credit card options include Visa and Mastercard. You can also trade DOT tokens by making a deposit using one of 150 cryptocurrencies – if you already hold some. This platform adheres to industry standards such as AML compliance and performing KYC, so you will need to tell the provider who you are and complete your profile by uploading your ID. The commission fee here is 0.10% per slide. If you plan to buy and hold – you might want to take a look at the Binance savings account – allowing you to make money on your crypto holdings. 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. Much like with any asset you invest in, you must think about where you might safely store it away from the wrong hands. For instance, we might keep physical gold bullion in a vault, and tangible fiat currencies in a safety deposit box at a bank – Cryptocurrencies, on the other hand, are digital and must be kept in a crypto wallet or with a trustworthy online brokerage. Depending on the type of storage you choose, which we run through shortly, you may be given two keys – a public and a private. The first is what you will need to send cryptocurrencies into your wallet – like telling someone your sort code and account number. The latter allows you and only you to access your digital assets. As we mentioned in our reviews – some of the best Polkadot wallets in the UK allow you to store DOT tokens safely and save you the liability of looking after your own private keys. This option might be preferable for beginners because, if your secret information ends up in the hands of crypto thieves – the chances are you will never see your digital assets again. We talk about how to find the best storage option for your needs next. 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. 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. 83% der Konten von Privatinvestoren verlieren beim Trading von CFDs bei diesem Anbieter Geld. Ihr Kapital ist im Risiko Earlier, we reviewed the best Polkadot wallets in the UK. To make a final decision, you should look at your own personal goals and priorities before making a decision. Below, we discuss the various types of storage available for your Polkadot tokens – covering features and key metrics to look out for. After that, for any newbies, we walk you through the step-by-step process of how to sign up with a provider and start using a Polkadot wallet today! See below the various types of Polkadot wallets seen in the UK. This should help you decide what might be best for your needs. A Polkadot wallet you can download and install on your mobile is likely the most convenient option for all traders and investors. For instance, if you were to head over to a provider like eToro – you can download the application via the relevant app store with ease, in the safety of a regulated platform. It’s crucial to consider the safety of your investment, no matter which type you find the best for you. The best Polkadot wallet in the UK will: eToro’s regulated Polkadot wallet supports over 120 cryptocurrencies, uses advanced security measures, and also enables account access via the app or the main platform. As we mentioned in our review, only the spread is payable when placing an order and a small 0.5% fee will be charged on your deposit – to exchange British pounds and pence for US dollars. A hardware wallet is one of the safer options when it comes to a secure place to store cryptocurrencies. However, this is a more complex route for newbies as for it to be effective, you need to clearly understand how to shield your investment from criminals. See some key characteristics of a hardware wallet: We should also note that hardware wallets come at a price – often averaging around £50-£75 per device. As we touched on in our reviews, the Polkadot web wallet option enables you to log into your broker or exchange account and see your investments right there in your portfolio – without downloading an app. Not only does this mean you no longer have to worry about losing your private keys – or worse, a criminal getting hold of them. But, it also means that you don’t need to worry about insuring or securing your investment yourself. For instance: However, eToro is somewhat of an exception here, as most web wallets are backed by unregulated cryptocurrency exchanges. As a result, if the exchange gets hacked remotely, your Polkadot tokens are at risk. Instead of downloading an app on your mobile device, Polkadot desktop wallets are accessed onto your laptop or PC. If you are at home most of the time, you may not be too concerned with limited access to your investments. However, for most, this is considered the least accommodating way to access your DOT tokens. After all, you never know when you might need to place an order or view your account in a hurry. The best Polkadot wallet in the UK will be able to offer you a well-rounded storage and exchange solution – whereby you can access your account whenever you wish and can also buy and sell. For instance, when signing up with eToro, you still have the option to safely buy, sell, and store digital currencies on the main platform itself – by simply signing into your account. For anyone unversed with Polkadot wallets in the UK – not all security features are the same. For instance, some might allow you to sign into a mobile app using your fingerprint, where others might only need a bog-standard password. To clear the mist on what to look out for, you will see below the basic security features used by the best Polkadot wallets in the UK: Safety is important, but the best Polkadot wallets in the UK will also list heaps of markets and enable multiple actions from one platform. See below where we explain further. Some Polkadot wallets in the UK are only available to use for keeping tokens safe. Most modern traders and investors want a little more from their crypto storage facility. If you think the best Polkadot wallets in the UK should offer more than just storage – it’s important that you mark this as one of your priorities before signing up. Although you might only want to store Polkadot tokens now – you will probably want to branch out later. After all, there are thousands of cryptocurrencies in existence today. Broker ‘A’ may only offer access to huge markets like Bitcoin and Ethereum. In contrast, broker ‘B’ might list tokens that are still up-and-coming – such as ones with a much smaller trading volume like Armor or Dai. The eToro wallet supports DOT and over 120 alternative cryptocurrencies – spanning tokens that are new on the scene, and well-known large-cap offerings with huge trading volumes. The best way to get the ball rolling is to offer you a step-by-step walk-through of how to sign up with eToro, today’s winner of the best Polkadot wallet in the UK. Furthermore, the eToro wallet is easy to navigate, fees are competitive and you will not be charged extra to store your DOT tokens in a safe and heavily regulated environment. See below how to get started in under five minutes! Go to the eToro website and click ‘Join Now’ to sign up. You will see a registration form appear. As with all the best Polkadot wallets in the UK, eToro is regulated – hence you will also have to fill in your address, tax number, date of birth and answer a few questions about your trading knowledge. The next step in creating your eToro account is to complete the KYC process. This entails uploading a copy of your passport or driving license so that the broker can validate your ID. Next, you can provide a copy of a bank statement or utility bill – issued within the prior three months. This is so that eToro can confirm the address you have given. The whole procedure is fast and convenient at eToro. Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider. You can now download the eToro wallet. Simply choose Google Play if you are an Android user or the App Store if you possess an iPhone. Once the download is complete, you can begin your installation, which should take seconds if you have a decent internet connection. Once complete, sign in using the username and password you created in Step 1. Now, if you already own some Polkadot tokens, you can transfer your investment to your new eToro wallet using the public address given to you by the provider. If you don’t own any DOT tokens – or you wish to buy more, you can purchase some via the eToro wallet app. The minimum trade size is just $25 and you use a UK debit/credit card to fund your purchase! Remember, you can also store more than 120 other cryptocurrencies and trade 500+ pairs within the wallet to diversify! The best Polkadot wallet in the UK should offer a multifunctional storage solution that supports heaps of alternative digital currencies. You should also accept at least basic security features such as 2FA and multi-signature facilities – to keep your investment safe from the many crooks in the crypto space. The type of wallet you choose will depend on your knowledge of cryptocurrencies and online security. If you are quite confident with the idea of securing your private passkey and regularly changing multiple passwords, you may prefer an advanced hardware wallet. Most beginner crypto investors and traders will opt for a mobile or web offering. The eToro mobile wallet supports over 120 digital currencies that you can buy, receive, and store. You can also convert digital tokens instantly with a few clicks. The broker behind this storage solution is regulated by the UK’s FCA, amongst other financial bodies. Furthermore, you can also access heaps of markets via the main eToro website, which offers competitive fees and allows you to store your investments within your portfolio.
Other Cryptocurrency Wallets:
4. Binance – Best Polkadot Wallet in the UK for Asset Diversity
What is a Polkadot Wallet UK?
74 15 60 Spreads N/A N/A N/A N/A N/A 5 USD N/A N/A N/A CBI and MiFID in Europe N/A 50$ $100 N/A N/A 1:2 for cryptocurrencies N/A $26798.49 $26626.03 $26639.29 $1643.28 $1632.70 $1638.40 $0.49 $0.50 $0.49 $1.01 N/A $1.01 $63.47 $63.22 $63.15 $210.02 $210.54 $210.64 $6.22 $6.25 $6.17 $0.25 N/A $0.26 $0.17 $0.17 $0.17 $214.31 N/A $212.40 $0.12 $0.12 $0.12 N/A N/A $31.56 $0.57 $0.57 $0.57 N/A N/A $148.53 How to Find the Best Polkadot Wallet UK
Polkadot Wallet Types
Polkadot Mobile App Wallet
Polkadot Hardaware Wallet
Polkadot Web Wallet
Polkadot Desktpop Wallet
Polkadot Wallet Security Features
Features – Buy, Sell, and Swap
Listed Cryptocurrency Markets
How to Get Started With the Best Polkadot Wallet UK
Step 1: Open an Account
Step 2: Download the eToro Wallet
Step 3: Add Polkadot to eToro Wallet
Best UK Polkadot Wallet – Conclusion
eToro – Best Polkadot Wallet the UK
FAQ
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