Best Crypto Wallets in the UK 2025
If you’re buying, trading, or holding cryptocurrency in the UK, a reliable crypto wallet is essential. A crypto wallet doesn’t store your coins directly. Instead, it stores the public and private keys that let you access your crypto on the blockchain.
Think of it as the gateway to your digital assets. Lose your private key, and you could lose access to your coins. Choose the wrong wallet, and you might be exposing yourself to unnecessary risk. From security to usability, each wallet offers something different.
This guide compares the top crypto wallets for 2025—covering hot wallets, cold wallets, and options for all levels of experience. We’ve tested, reviewed, and ranked the best wallets available in the UK right now.
Quick answer: Best crypto wallet in the UK
eToro Money Wallet is our top recommendation. It’s user-friendly, secure, and works directly with eToro’s trading platform. Whether you’re a complete beginner or a casual investor, it’s a reliable choice.
Overview: Top 9 crypto wallets for UK users
| Rank | Wallet | Price (Approx. £) | Type | Platforms | Exchange Integration | Supported Coins | Best For |
|---|---|---|---|---|---|---|---|
| #1 | eToro Money Wallet | Free | Hot | iOS, Android | eToro platform only | 120+ | Beginners and daily traders |
| #2 | Best Wallet | Free | Hot | iOS, Android | Best DEX | 60+ blockchains | DeFi users |
| #3 | Coinbase Wallet | Free | Hot | iOS, Android, Browser Extension | Coinbase | 100+ | Coinbase users |
| #4 | MoonPay | Free | Hot | iOS, Android, Web | Fiat-to-crypto on-ramp | 100+ | Simple crypto purchases |
| #5 | Cypherock X1 | £150–£170 | Cold | Windows, Mac, Linux | No direct integration | 1,000+ | Maximum security |
| #6 | Trezor Model T | £200–£220 | Cold | Windows, Mac, Linux, Android | 3rd-party (e.g. Exodus) | 1,800+ | Advanced coin support and safety |
| #7 | Ledger Nano S Plus | £70–£90 | Cold | Windows, Mac, Linux, Mobile (OTG) | Ledger Live | 5,500+ | Secure, affordable cold storage |
| #8 | Ledger Nano X | £120–£140 | Cold | Windows, Mac, Linux, iOS, Android | Ledger Live + 3rd-party apps | 5,500+ | High-end mobile security |
| #9 | MetaMask | Free | Hot | iOS, Android, Browser Extension | Web3 and DeFi platforms | Ethereum + EVM | Easy access to Ethereum and dApps |
1. eToro Money Wallet
Why we like it: This wallet works seamlessly with the eToro trading platform. It’s a solid pick for anyone already using eToro for crypto investing.
Key Features
- Supports 120+ cryptocurrencies
- Private key recovery option
- Simple interface for quick transfers
Pros
- All-in-one platform for trading and storage
- Regulated broker with strong security protocols
- Easy mobile access
Cons
- Only available to eToro users
- Higher fees for some transfers
- Partial control of private keys
Who it’s best for: First-time investors who want a beginner-friendly wallet with integrated trading.
2. Best Wallet
Why we like it: Best Wallet is designed for DeFi users and offers access to a wide range of blockchain networks through a sleek mobile interface.
Key Features
- Support for over 60 chains
- Designed for Web3 and DeFi integration
- Free to download and use
Pros
- Excellent for NFT and dApp access
- Simple user interface
- DeFi-native tools
Cons
- Desktop features are limited
- Still rolling out some tools
Who it’s best for: Active DeFi users who want a wallet that connects directly to Web3 protocols.
3. Coinbase Wallet
Why we like it: A strong standalone wallet that works well whether or not you use Coinbase’s exchange.
Key Features
- Private key control
- In-app dApp browser
- Supports NFTs
Pros
- User-friendly design
- Connects easily to Coinbase account
- High security with biometric access
Cons
- Limited advanced trading features
- Can feel locked into Coinbase ecosystem
Who it’s best for: Users already familiar with Coinbase or those seeking a simple mobile wallet.
4. MoonPay
Why we like it: MoonPay isn’t a wallet in the traditional sense, but it’s the easiest way to buy crypto using familiar payment methods.
Key Features
- Accepts cards, Apple Pay, Google Pay
- Fast KYC and onboarding
- 100+ assets supported
Pros
- Easy fiat-to-crypto purchases
- Beginner-friendly process
- Works globally
Cons
- No built-in wallet
- Higher fees than some alternatives
Who it’s best for: Users who want a quick, no-fuss way to buy crypto in the UK.
5. Cypherock X1
Why we like it: It adds layers of physical and digital protection, ideal for those with large crypto holdings.
Key Features
- Secure, seedless backup system
- Offline cold storage
- Supports 1,000+ cryptocurrencies
Pros
- Top-tier security model
- No seed phrase stored on the device
- Built for long-term safety
Cons
- Small screen makes navigation tricky
- Limited wallet compatibility
Who it’s best for: Serious investors or institutions prioritizing security above all.
6. Trezor Model T
Why we like it: A hardware wallet with a long-standing reputation and an open-source platform.
Key Features
- Color touchscreen interface
- Offline key storage
- Works with third-party wallets like Electrum
Pros
- Transparent codebase
- Large coin library
- Good reputation for security
Cons
- Basic design
- Slower performance
Who it’s best for: Users who want an open-source, trusted cold wallet.
7. Ledger Nano S Plus
Why we like it: This wallet offers high security at a reasonable price, making it ideal for cold storage beginners.
Key Features
- Secure element chip
- BOLOS operating system
- Supports up to 100 apps
Pros
- Budget-friendly
- Wide asset support
- Proven security
Cons
- Wired only
- No battery or Bluetooth
Who it’s best for: New cold wallet users or those managing multiple coins.
8. Ledger Nano X
Why we like it: The Nano X adds mobility to Ledger’s trusted cold storage tech.
Key Features
- Bluetooth-enabled
- Supports 5,500+ assets
- Secure element + BOLOS OS
Pros
- Wireless use with mobile devices
- High storage capacity
- Strong encryption
Cons
- More expensive
- Bulky for a hardware wallet
Who it’s best for: Users who want secure, mobile cold storage on the go.
9. MetaMask
Why we like it: One of the most widely used Ethereum wallets. Essential for DeFi and NFTs.
Key Features
- Works with Ethereum and EVM chains
- Browser extension and mobile app
- Easy dApp access
Pros
- Free to use
- Intuitive interface
- Great for DeFi explorers
Cons
- Limited to Ethereum-compatible tokens
- Hot wallet risks
- No built-in 2FA
Who it’s best for: Anyone involved in Ethereum, NFTs, or Web3 apps.
What types of crypto wallets are there?
Crypto wallets fall into two main categories: hot wallets and cold wallets. The right type for you depends on how often you use your crypto and how much security you need.
Hot wallets
Hot wallets are always connected to the internet. They’re designed for speed and ease of use.
Pros:
- Instant access for trading or sending crypto
- Easy setup on desktop or mobile
- Great for beginners and active users
Cons:
- More exposed to hacking and phishing attacks
- Security depends on your device and login setup
Examples: MetaMask, Coinbase Wallet, eToro Money Wallet
Cold wallets
Cold wallets store your private keys offline. They’re physical devices that add an extra layer of protection.
Pros:
- Keeps your crypto safe from online threats
- Ideal for holding large balances long-term
- Works without being connected to a computer
Cons:
- Costs money to buy the device
- Less convenient for everyday transactions
Examples: Ledger Nano X, Trezor Model T, Cypherock X1
Should I use both?
Yes. Many serious investors use both types:
- Use a hot wallet for trading and payments
- Use a cold wallet to protect long-term holdings
How do crypto wallets work?
Crypto wallets don’t store coins. Instead, they hold two important keys:
- Public key: Think of this like your account number. You share it to receive crypto.
- Private key: This is your password. It lets you move your crypto. Keep it secret at all times.
Here’s how it works:
- You receive crypto through your public key.
- When you send crypto, your wallet signs the transaction with your private key.
- The transaction is verified and added to the blockchain.
Wallet apps track your balance by scanning the blockchain for activity linked to your public key. Your funds stay on the blockchain—your wallet just gives you access to them.
How to use a crypto wallet
The exact steps vary by wallet, but here are the basics:
To send crypto:
- Get the recipient’s wallet address (public key).
- Open your wallet and choose “Send”.
- Enter the amount and double-check the address.
- Approve the transaction (via PIN, 2FA, or hardware confirmation).
To receive crypto:
- Open your wallet and click “Receive”.
- Copy your wallet address or display the QR code.
- Share the address with the sender.
To store and manage assets:
- Check your balance and transaction history
- Monitor price changes
- Use staking features if available
- Keep your software up to date
How to keep your crypto wallet safe
Crypto transactions are permanent—there’s no undo button. That’s why wallet security is essential.
1. Use all available protections
- Set a strong password
- Enable two-factor authentication (2FA)
- Write down your recovery phrase and store it offline
- Use biometric logins if supported
2. Protect your devices
- Keep software and apps updated
- Install antivirus and firewall protection
- Avoid public Wi-Fi when using your wallet
3. Avoid common mistakes
- Never share your private key
- Double-check recipient addresses before sending
- Only download wallets from official websites or app stores
4. Prepare for loss or theft
- Back up your recovery phrase securely
- Spread your assets across multiple wallets if needed
- Regularly review wallet activity
What happens if you lose your wallet or private key
Losing access to your wallet doesn’t always mean losing your crypto—but it depends on the type of wallet you’re using.
For hardware wallets
If you lose a hardware wallet like a Ledger or Trezor, your assets are still safe as long as you’ve stored your recovery phrase. This is usually a 12- or 24-word phrase shown when you set up the wallet. You can use this phrase to recover your funds on a new device.
Tip: Write your recovery phrase on paper and store it offline in at least two secure places. Never store it digitally.
For software wallets
If you’re using a non-custodial hot wallet (like MetaMask), losing access without a recovery phrase means your funds are gone. There’s no backup.
With custodial wallets like eToro, the platform holds your keys and may offer account recovery through identity verification. This is safer for new users but means you’re trusting a third party with access to your funds.
Custodial vs non-custodial wallets
Crypto wallets fall into two types—custodial and non-custodial. The difference comes down to who controls the private keys.
Custodial wallets
With custodial wallets, a company or platform holds your private keys. You access your crypto with a username and password, just like online banking.
Pros:
- Easier to recover if you forget your password
- Good for beginners
- Often includes built-in trading tools
Cons:
- You don’t fully control your crypto
- If the platform is hacked, your funds could be at risk
Non-custodial wallets
With non-custodial wallets, you’re in full control. Only you have access to your private keys and recovery phrase.
Pros:
- You own your crypto outright
- No middleman involved
- Greater privacy and decentralization
Cons:
- If you lose your recovery phrase, your crypto is gone
- Requires more responsibility and setup
Crypto wallet features to look for in 2025
The best wallets in 2025 offer more than just storage. Here are the features that matter most:
- Multi-chain support: Look for wallets that support more than just Bitcoin and Ethereum. Many now include Solana, Avalanche, and Polygon.
- NFT storage: If you hold NFTs, pick a wallet that displays them natively. MetaMask and Coinbase Wallet are good options.
- Built-in staking: Some wallets let you earn rewards by staking tokens directly from the app.
- Web3 access: If you use DeFi apps, choose a wallet that connects smoothly to Web3 platforms. MetaMask and Best Wallet lead here.
- Biometric login: Face ID or fingerprint access adds security and convenience, especially on mobile.
- Seedless recovery: Newer wallets are experimenting with social recovery and passkey-based access instead of traditional seed phrases.
Best wallets by user type
Different wallets suit different users. Here’s a quick guide to help you find one that fits your needs:
| User Type | Recommended Wallets | Why It Works |
|---|---|---|
| Beginners | eToro Money Wallet, Coinbase Wallet | Simple to set up, user-friendly, easy recovery options |
| Long-term holders | Ledger Nano X, Trezor Model T | Strong offline security, ideal for long-term storage |
| DeFi users | Best Wallet, MetaMask | Built-in access to dApps and DeFi tools |
| NFT collectors | MetaMask, Coinbase Wallet | Native NFT support, easy transfers |
| Mobile-first | eToro Wallet, MetaMask Mobile | Mobile-optimized design with biometric logins |
| Advanced traders | Cypherock X1, Ledger + desktop combo | Custom workflows, strong encryption, deep integration |
The future of crypto wallets in 2025
Crypto wallets are getting smarter, safer, and easier to use. Here’s where the space is headed:
- Smart contract wallets: New wallets are adding smart features like spending limits, social recovery, and automated transactions.
- Better Web3 access: Expect wallets to double as browsers for DeFi, NFTs, and games. No need for extra logins or tools.
- Seedless security: Traditional seed phrases may soon be replaced with passkeys or biometric backup systems.
- Crypto and fiat integration: Fintech apps like Revolut and PayPal are adding crypto features, making it easier to manage both traditional and digital assets in one place.
These trends make crypto wallets more user-friendly while improving security. Whether you’re new to crypto or a long-time holder, the tools are getting better.
Frequently asked questions
What is the safest crypto wallet?
Cold wallets like Ledger Nano X and Trezor Model T are considered the safest because they store your private keys offline, away from hackers.
Can I use more than one wallet?
Yes. Many users keep a hot wallet for daily use and a cold wallet for long-term storage. Using both adds flexibility and security.
Are crypto wallets free?
Most hot wallets are free to download and use. Cold wallets are physical devices and typically cost between £70 and £200.
What happens if I lose my hardware wallet?
As long as you have your recovery phrase, you can restore your wallet on a new device. Without the phrase, there’s no way to access your crypto.
Can crypto wallets store NFTs?
Yes. Some wallets—like MetaMask, Coinbase Wallet, and Trust Wallet—support NFTs and display them in your account.
Similar guides
Sources
- Financial Conduct Authority (FCA): https://www.fca.org.uk
- HM Revenue & Customs (HMRC): https://www.gov.uk/government/publications/tax-on-cryptoassets
- Coinbase Help Center: https://help.coinbase.com
- eToro Fees Page: https://www.etoro.com/customer-service/fees/
- Kraken Fee Schedule: https://www.kraken.com/en-gb/features/fee-schedule
- Binance Fees: https://www.binance.com/en/fee/schedule
- Gemini Security & Features: https://www.gemini.com/security
- CoinJar UK: https://www.coinjar.com/uk
- Uphold Pricing: https://uphold.com/en/pricing
