Ethereum is one of the most exciting cryptocurrencies being traded today. It reached an all time high of £3607.44 in November. Built on the foundation that Bitcoin laid, Ethereum has far more capabilities than BTC. Whether its smart contracts, decentralized computing, autonomous organizations, or Crypto Kitties, Ethereum stands apart from the imitators and competition.
To use Ethereum, you’ll need an Ethereum wallet. This software gives an Ethereum owner exclusive access to their coins and buy Ethereum coins. There are tons of options for Ethereum wallets today. We’ll explain exactly what these wallets are, then narrow down the possibilities so that you can choose the perfect Ethereum wallet for your specific needs.
Cryptoassets are highly volatile and past performance isn’t an indicator of future success. Invest at your own risk.
[table_of_content]Best Exchange Wallet for ETH in the UK September 2024
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Payment methods
Features
Usability
Support
Rates
Security
Selection of Coins
Classification
- Most regulated
- Free demo account available
- Copytrade winning investors
Don’t invest unless you’re prepared to lose all the money you invest.
- Maker rebate on limit orders
- DeFi mining
- Margin and spot trading
The price and value of any investment in digital asset products can fluctuate.
- Most altcoins supported
- 75+ staking coins
- Low maker / taker fees
As with any asset, the values of digital currencies may fluctuate significantly.
- Low marketcap altcoins
- 500 USDT Welcome Gift
- Spot and margin trading
The traded price of digital tokens can fluctuate greatly within a short period of time.
- Most registered users
- Free $10 when you buy $100
- Coinbase Earn - Free Crypto
The value of digital currencies can go up or down frequently.
- Solana staking
- Around since 2012
- High Liquidity
Market prices for digital tokens can be volatile and highly unpredictable.
Best Ethereum Wallets in the UK
Ethereum is the second-largest cryptocurrency by its market capitalization, meaning that it is quite a popular asset among the UK investors who put money into it. Hence, if there is heavy demand for this cryptocurrency, so is the need for Ethereum wallets. Accordingly, there are several wallets created to store, exchange, buy or sell ETH, in the United Kingdom so you have an extensive selection here.
Still, you cannot be sure if all the Ethereum wallets are safe and user-friendly or if they will fulfill your requirements. These wallets vary in their functionality, pricing system, safety, etc. So, to pick up a good Ethereum wallet, you should spend a little time and do a little research reading reviews for different wallets.
During the selection process, you should not only consider whether the wallet is secure and functional but also if it meets your expectations. Some wallets may be well-designed for iOS users, other for Android, or some wallets may not operate in your country, and so on.
However, if you don’t have the time to spend on the process, we have already handpicked the best Ethereum wallets through detailed research. If you own any other cryptocurrency, you can read our pieces on best crypto wallets on InsideBitcoins.
- Best Wallet – Best Ethereum Wallet With Portfolio Management and More
- OKX – Web 3 Wallet for Buying and Staking ETH
- Bybit – Ethereum Wallet for Beginners
- Binance – Best Ethereum Wallet for Android
- Coinbase – Best Ethereum Wallet for iOS
- Exodus Wallet – Best Ethereum Universal Wallet
- Infinito Wallet – Best Ethereum Wallet for Mining
- Blockchain.info – Best Wallet for Beginners
Best Ethereum Wallets in the UK – Full Reviews
Best Wallet – Best Ethereum Wallet With Portfolio Management and More
Equipped with a suite of features that may not be common among other options, Best Wallet has been introduced in a way that quickly gained traction. It has grown in popularity at a rapid pace, thanks to coverage by some of the most popular crypto websites in the space.
The wallet offers multi-chain and multi-wallet options, which sets it apart as users often find themselves having to create multiple wallets repeatedly. Best Wallet allows them to do this in one place, while also facilitating interaction with various Web3 components. There are plans to launch a portfolio management setup, along with real-time data, which can not only assist users in making strategic investment decisions but also accelerate their learning about the industry.
Additionally, it features an exciting DEX called the Best DEX, enabling users to trade cryptocurrencies like ETH directly within the wallet. The more someone uses it, the greater their chance of winning the native token of the platform, the BEST token. With these features and more to come, this Ethereum wallet establishes itself as the top choice for buying Ethereum in the UK.
Pros
- You can interact with multiple Web3 components
- Multi-chain support
- Multi-wallet support
- Portfolio management available
- Has its own DEX
Cons
- Native token not launched yet
OKX – Web 3 Wallet for Buying and Staking ETH
OKX Wallet is a great option to transact in popular digital assets like ETH and Bitcoin. This cryptocurrency exchange was founded in the year 2017 and in a short time, it has spread its operations to over 180 regions across the globe. Currently, the platform caters to over a m million users. The exchange is however physically based in Seychelles.
The platform aims to create the next-generation financial ecosystem and for this, it operates on blockchain technology. This allows the exchange platform to offer secure and safe transactions. The platform supports fiat-crypto payments which means that one can buy Ethereum using GBP, EUR, and USD etc. Payment can be completed by common modes like Mastercard, Visa, and credit cards.
Unlike its peers, OKX offers both DEX and CEX. It also offers an NFT marketplace where one can create, buy, or sell NFTs. It also offers other products like trading bots, copy trading, Web3 wallet etc. Via this platform, users can trade on spot trading, derivatives market trading, and margin trading.
Pros
- Web3 Wallet
- NFT marketplace
- Fiat currency payment
- Offers both CEX and DEX
- Global operations
- Spot and Derivative market tradings
Cons
- Not available in the USA
Bybit – Ethereum Wallet for Beginners
Bybit Wallet is suitable for buying and storing Ethereum. If one is looking for a beginner-friendly crypto exchange, then Bybit will be a good option. Bybit has over 10 million customers globally, which makes it a renowned and trustworthy exchange platform.
The Ethereum wallet gives users access to both margin and spot trading, thus it is a popular choice among experienced traders. It is equally sought out by beginners because of its easy-to-follow guidelines and processes. The platform offers earning programs for its users. There is a launch pool option via which users can stake and harvest tokens free of cost. Another option is to earn yield via its staked ETH.
In addition to this, the platform also allows users to take crypto loans. There is another option called Bybit Cards by which users can spend crypto instantly and globally across various merchants. The platform also provides copy trading and trading bots. It also has an NFT marketplace where users can transact and create NFTs.
Pros:
- 24/7 customer support
- Web 3 Wallet
- Spot and Margin trading
- Low-cost trading fee
- NFT marketplace
- Global presence
Cons:
- Not available in the USA
Binance – Best Ethereum Wallet for Android
Though Binance is in the process of applying for a United Kingdom license, it is the largest cryptocurrency exchange worldwide that provides its users with a software wallet known as Trust.
Launched in 2017, Trust wallet supports more than 160 crypto assets which you can buy, sell, trade, exchange, and even stake to earn rewards. The app can be downloaded and installed on both iOS and Android systems.
It’s free and can be easily installed on your device, and has a user-friendly interface, which is the reason why Trust wallet has more than 5 million users worldwide.
When it comes to safety, it’s definitely not as secure as hardware wallets, but it has built sound security systems to keep its clients safe. Plus, you can manually activate more security features from the “Settings” section, such as fingertip scanning, code scanning, etc. Also, the platform does not require you to undergo the Know-Your-Customer process.
Anyway, it won’t keep any of your information on its servers. The platform also provides its users with live charts where they quickly follow the prices of cryptocurrencies.
Pros
- More than 160 available cryptocurrencies.
- One of the largest and most popular crypto platforms worldwide.
- Available for iOs and Android devices.
- Free to download and easy to use.
- Supports staking ETH, IOTX, VET, etc.
Cons
- Charges gas fees.
- Lacks good customer support.
Coinbase – Best Ethereum Wallet for iOS
Coinbase wallet is one of the most widely used digital wallets worldwide, which became popular due to the cryptocurrency exchange of a similar name. Coinbase is a decentralized platform where people can buy, sell and trade cryptocurrencies.
Founded in 2012, Coinbase has already attracted more than 73 million users across 100 countries. Along with its various trading tools and features, Coinbase also provides a wallet to store your cryptocurrencies, which is so far known as one of the most secure software wallets.
The technology underlying its security systems is called Secure Enclave, which safely stores your private keys and applies multi-layered authentication processes to control access to your account. Apart from safety, the Coinbase wallet also stands out with its functionality.
Along with storing your Ethereum and other ERC-20 based tokens on this wallet, you can also use them to participate in Defi projects. Moreover, the wallet also supports buying and storing NFTs and participating in ICOs to get coins at their lowest prices.
Pros
- Uses robust security features to protect its users from hackers.
- Supports NFTs and ERC-20 tokens.
- It is backed by a popular cryptocurrency exchange.
- It is free to download and store your coins.
- Charges low fees for conversions.
- Easy-to-use interface and design.
Cons
- Supports a small number of coins.
Exodus Wallet – Best Ethereum Universal Wallet
Exodus is a well-known multi-currency wallet created in 2015 by JP Richardson and Daniel Castagnoli. It became popular, particularly for its catchy design and super easy user interface.
Exodus supports more than 150 cryptocurrencies, including such popular ones as Ethereum, Bitcoin, Litecoin, Tron, Tether, etc. The wallet is compatible with such operating systems as Android, iOS, Windows, Mac, and Linux and with the Trezor hardware wallets.
Another feature that makes Exodus so popular among beginners is its customer support service. Exodus has done a great job here, as the users can find support in several ways. Apart from the FAQ section, Exodus provides email support and has a separate section for educational videos.
You will also get an opportunity to join their Slack chat and participate in conversations. Exodus also stands out with its good functionality – along with providing a safe place to store your crypto, it also has a built-in platform where you can exchange cryptocurrencies without leaving the wallet.
Additionally, some more exciting features are designed for its desktop app. When it comes to safety, Exodus is known as one of the most secure wallets. Still, it lacks some critical security features.
Pros
- Stands out with its fascinating design.
- Has a customer-friendly interface.
- Offers an exchange opportunity.
- Supports a wide selection of crypto assets.
- Excellent customer support service.
Cons
- Relatively higher transaction fees.
- Users sometimes report about being hacked.
Infinito Wallet – Best Ethereum Wallet for Mining
Infinito wallet is a mobile software digital wallet launched in 2017 by Infinito Blockchain Labs. The wallet supports more than 2000 cryptocurrencies and tokens and operates in more than 190 countries.
The wallet comes in several useful functions – through it, you can buy, sell and trade cryptocurrencies. What is most fabulous, you can also earn interest staking or landing your crypto assets. Not to mention its customer support functions: Infinito provides you with a live chat opportunity.
Additionally, the platform introduces analyses for different market trends and provides good educational content in 8 languages about using its platform. Among its fascinating functions is the ability to be informed about price alerts meaning you can be notified when crypto changes its value.
Infinito is straightforward to use. You can download it completely free and install it on your iOS or Android device. Storing your coins on the wallet is also free, but you will be charged a variable transaction fee. Still, you can pay lower transaction fees by slowing down the transaction speed.
As for safety, Infinito is recognized as one of the safest wallets, and it applies multiple authentication features to provide a secure place for storing your cryptocurrencies.
Pros
- Supports storing, buying, selling, and trading over 2000 cryptos and tokens.
- Operates in more than 190 countries.
- Good customer support and user-friendly platform.
- You can earn rewards by staking or landing your coins.
- Provides such functions as live chats, price alerts, market trend analyses, etc.
Cons
- Does not provide a desktop app.
- Operates relatively slow.
Blockchain.info – Best Wallet for Beginners
Formerly known as Blockchain info, Blockchain.com is among the oldest digital wallets worldwide, which has gained a good reputation so far. It attracts users due to its simplicity and easy-to-use payment structure.
The wallet can be downloaded on your desktop and mobile phone, and it is compatible with Mac, Android, iOS, Linux, and Windows operating systems. When it comes to the diversity of the supported coins, the selection is not as extensive here as with the previous wallets.
Blockchain.info supports only less than 20 crypto assets, including Bitcoin, Ethereum, Dogecoin, Litecoin, and some other popular coins.
Blockchain.info is mainly known as a safe wallet. It uses several security features to defend its users’ accounts and keep its coins away from hacks. Among the wallet’s security features are 2 Factor Authentication, IP restriction, Email notifications, Double Password, etc.
The wallet is free to download, and it does not charge any fees for using the service, but you need to pay the mining network to verify your transaction. Prices for transactions are customizable, and you can select between priority fees and regular fees.
Pros
- Has built a good reputation so far.
- Has a simple design and easy-to-use interface.
- Compatible with iOS and Android devices.
- Provides mobile and desktop apps.
- Uses multiple security systems to protect users’ safety.
Cons
- Does not provide a large selection of cryptocurrencies.
- Users often report bad customer support cases.
How to Create an Ethereum Wallet
Differences Between Exchange, Hardware and Software Crypto Wallets
If you’re confused about the difference between Exchange Wallets, Hardware Wallets, and Software Wallets, here are some details on their unique characteristics.
Exchange Wallets
Cryptocurrency exchanges provide wallets for their users, so they have a place to store new coins immediately following purchase.
Exchange wallets aren’t built for long term storage, because crypto exchanges can be hacked, resulting in loss of user funds. Only rely on a wallet you control for long term storage.
Here are our favorite Exchange wallets:
- Coinbase Wallet
- Binance Wallet
Hardware Wallets
The safest wallets are physical devices that aren’t connected to the internet. Connect these devices once to load your funds, then disconnect them from the internet for hack-proof storage.
There are several hardware wallet manufacturers, all of them good. Only buy from licensed dealers, though, as counterfeit devices have been reported.
Here are some good examples of Hardware wallets:
- Ledger Nano S
- Trezor
- KeepKey
Software Wallets
Software wallets store Ethereum on your phone or computer.
These wallets are more secure than a wallet on an exchange, but they’re still connected to the internet, so they’re not as safe as hardware wallets. Still, this is the perfect option for storing cryptocurrency you plan to use in the day-to-day. Not a good solution for long term storage.
Here are some good examples of Software wallets:
- Best Wallet
- MyEtherWallet
- Infinito Wallet
- MetaMask
Best Ethereum Wallet on Mobile
Best Ethereum Wallet Apple
There are more secure Ethereum wallets than ones built for mobile, but none are more convenient.
With that in mind, the most useful and convenient option will be the Best Wallet Ethereum wallet.
Best Wallet is available anywhere your device is connected, and they’re free.
The Coinbase wallet is another excellent option for Apple users, though if you’re interested in more than just Ethereum, the Coinbase wallet supports only a handful of other cryptocurrencies.
Best Ethereum Wallet Android
The Best Wallet again is our favorite crypto wallet option for Android devices.
Regulated options like Coinbase would also be a good choice, but Best Wallet may be the better and more versatile solution for new users.
Best Wallet supports a whole bevy of altcoins, and Bitcoin is of course also included.
Best Wallet even employs a DEX. If you want one Ethereum wallet for Android that can do just about everything, choose Best Wallet.
There are hundreds of Ethereum wallets available on mobile devices. Most of them are not worth your consideration. Here are the things to consider when choosing Apple and Android crypto applications:
Apple
- Only compatible with Apple apps
- Many crypto apps are instantly banned by Apple due to T&C violations
- Apps from anonymous publishers will not be accepted
Android
- Android is application-agnostic
- All apps appear in the Play Store…even the scams
- Android apps can mine certain cryptocurrencies
As you know by now, there are hundreds of Ethereum wallet options out there. When making your choice, always pick security and usability over other characteristics and features. When making your choice, read independent reviews and comments, using third party sources like BitcoinTalk Forum or Reddit.
Protect your private keys and passwords, and you should never lose any Ethereum. Keep track of your wallets and you should have safe investments for many years to come.
What Makes a Good Ethereum Wallet?
With so many options, choosing a good Ethereum wallet may seem somehow tricky. Read on to learn what factors you should pay attention to in this process to find the most appropriate Ethereum wallet for you.
Safety
Safety is in the first place for us. One of the main functions of digital wallets is to keep your coins and tokens secure, so they should possess strong safety systems to be able to save your wealth from hackers. In this regard, hardware wallets are considered the most secure way of storing your crypto, as they keep your information offline.
However, we should note that a hot wallet with solid security features can also be a safe option to store your coins. As for the exchange wallets, these are considered less secure than the hardware and software ones, but selecting a strong-regulated exchange wallet will lower the risks of being hacked.
Functionality
You need to also check out what functions the wallet offers you. Firstly, it may include the number of coins it supports. You may want to store just one type of cryptocurrencies, such as Bitcoin or Ethereum, but you may also want to diversify your portfolio and keep all your coins in one place. So, make sure that the wallet supports all the coins you have invested.
Additionally, you can check what opportunities the platform gives – apart from storing your coins, you may want to trade them, stake, or land to earn interest. Hence, select a wallet that supports these functions. All in all, if you aim to use the wallet in full scale, explore its functions and compare it with other wallets to make a more reasonable choice.
Cost
Look through the wallet’s pricing system to determine if you can afford to pay the transaction fees or buy the wallet if it’s a hardware wallet. You can easily find a good software wallet, download it for free and store your coins without paying any service fee. But in this case, you need to pay attention to what prices they charge for the transactions.
In contrast, hardware wallets must be bought as they are physical devices, and what is most important they are the best way of keeping your coins secure. Still, we should mention that which wallet you should use – hardware or software, actually depends on your trading goals.
A hardware wallet may be a good decision if you consider investing in the long term. But if you will make trades frequently and make transactions quite often, a software wallet would be more convenient.
User Interface
The user interface is another essential factor to pay attention to when you are selecting an Ethereum wallet. Certainly, you don’t want to spend much of your time making out how the app operates. Hence, try to choose a platform with a user-friendly interface that will provide, by and large, easy-to-use design and work quickly.
Compatibility
You may want to use the Ethereum wallet on your iOS or Android device, or maybe its desktop app is more convenient for you. So, make sure that the wallet you will use possesses the appropriate compatibility. Most of the good software wallets are compatible with iOS, Android, Windows, Mac, and Linux devices, but, in any case, check this out before you make a final decision.
Best Wallet - Manage Your Crypto
- Access DeFi and Web3 Dapps Across Multiple Chains
- Comes With Your Own OpenAI Powered Chat Bot Assistant
- Compatible With iOS & Android
- Get Early Access to Upcoming Token Launches & ICOs
- Store Crypto And NFTs With Industry Leading Security
FAQs
Do I need a wallet to buy Ethereum in the UK?
As an investor, you would be required to have an Ethereum wallet for keeping your crypto assets safe after you have made a purchase.
How to get an Ethereum wallet address?
After you have opened an account with any exchange or wallet provider, you will be given a destination tag, which is a 6-10 digit number. This destination tag should be mentioned during the order processing. You will receive your transaction regardless of the destination tag you choose if you created your own wallet and have exclusive access to it.
How to use Ethereum wallet?
To begin with, go to the Apple App Store or Google Play and download an exchange wallet. Create an account on that platform next. Purchase Ethereum from that exchange and deposit it into your wallet.
How to check Ethereum paper wallet balance?
Enter your public key manually into any blockchain explorer website. You can also enter your public key using a QR code scanner. You will shortly receive the public address where you have stored your Ethereum. After you've checked your account balance, close the window.
Does Ethereum have a wallet?
Yes, Ethereum has a wallet to keep its cryptocurrency safe from security failures, hacks, malware, and other cyber attacks.
How to get an Ethereum wallet in the UK?
Ethereum wallets such as eToro Money wallet, Trust wallet, or Coinbase wallet can be downloaded from platforms such as the Apple App Store or Google Play. However, we suggest Best Wallet as the top option among other right now, given its wide set of features and other unique services