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Best 5 Ethereum Wallets in the UK

If you believe in the potential of Ethereum and want to invest in it, read our comprehensive guide below to know how you can buy and store Ethereum in the UK.
Best ethereum wallet UK
Best ethereum wallet UK

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.

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    Best Exchange Wallet for ETH in the UK May 2022

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    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.

    • 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
    Compare
    You can read more about Ethereum wallets below. If you want to learn more about How to buy Ethereum with PayPal or how to buy cryptocurrencies.

    Best Ethereum Wallets in the UK – Full Reviews

    Binance – Best Ethereum Wallet for Android

    Though Binance Ethereum WalletBinance 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.

    Visit Binance

    Coinbase – Best Ethereum Wallet for iOS

    Coinbase Ethereum WalletCoinbase 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.

    Visit Coinbase

    Exodus Wallet – Best Ethereum Universal Wallet

    Exodus Ethereum WalletExodus 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.

    Visit Exodus

    Infinito Wallet – Best Ethereum Wallet for Mining

    Infinito walletInfinito 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.

    Visit Infinito Wallet

    Blockchain.info – Best Wallet for Beginners

    Blockchain.info walletFormerly 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.

    Visit Blockchain.info

    What is an Ethereum Wallet?

    What is an Ethereum Wallet?

    Ethereum is a kind of digital currency. Just like any other kind of computer data, it has to be stored somewhere. Just as you store paper money in a wallet, Ethereum gets stored in a “digital wallet” – a piece of software for Ethereum storage and safety. Ethereum Wallets should not be confused with trading platforms and auto trading robots like Bitcoin Code and Immediate Edge, which are designed for trading and not for storage.

    Everyone who owns Ethereum uses a digital Ethereum wallet to keep track of it. Cryptocurrency wallets can be used to:

    • Send Cryptocurrencies
    • Receive Cryptocurrencies
    • Trade Cryptocurrencies
    • Spend Cryptocurrencies
    • Withdraw Cryptocurrencies

    Each Ethereum and cryptocurrency uses blockchain technology to complete transactions. However, crypto wallets cannot:

    • Send ETH to any non-ETH crypto address
    • Share user information with 3rd parties (not recommended)
    • Withdraw or access bank funds (only Bitcoin ATM)

    When you buy Ethereum, your personal coins are equipped with “private keys”. These are secret codes that identify certain Ethereum coins as your personal property.

    No one can send or receive Ethereum without first accessing its keys. However, private keys are lengthy, alphanumeric codes. It’s inconvenient for humans to keep track of them, so we created Ethereum wallet software to do it for us.

    When Ethereum is sent to an Ethereum wallet that you control, its keys get stored within the wallet. Now you can see all of your Ethereum holdings in one place, and use it however you please.

    Ethereum wallets can be stored on your computer or mobile, so that you can always access your coins. There are also hardware Ethereum wallets, which are small devices not connected to the internet. This prevents hacking and digital theft.

    Etheruem wallets are also built into exchange websites, like Coinbase. These wallets are meant to provide temporary storage of Ethereum for people who just bought it. These wallets are also good for daily storage for coins meant for active trading.

    Cryptocurrencies like Ethereum will always be their safest in a wallet you control, all the more so when stored on a device without an internet connection. Before you buy and store the cryptocurrency, you might want to check out where the Ethereum price stands right now.

    How to Create an Ethereum Wallet

    Binance

    Binance is the most-used crypto trading exchange on the planet. If you use Ethereum in any capacity, you’ll likely find yourself on Binance before long. We’ll help you understand how to create a Binance account and use the Ethereum exchange wallet.

    Step 1 – Create Your Binance Account.

    Complete the simple registration process at Binance.com, by giving your email address and a new password.

    Click the link in the email Binance sends you.

    You’ll arrive in your new Binance account. Supply a little more info to unlock full site functionality, so you can trade Ethereum and use the Binance Ethereum exchange wallet.

    Note: You can’t buy Ethereum with fiat money (like USD) on Binance.

    Step 2 – Go to “Funds” > “Balances”

    This is the page that organizes all of your account’s wallets.

    Whenever you buy a cryptocurrency on Binance, your order will be delivered to one of these wallets. .

    Wallets that have coins in them will appear at the top of the pile. You can send Ethereum to the Ethereum wallet address by clicking “deposit”. Then you’ll be able to trade Ethereum with all kinds of other assets on Binance.

    Visit Binance

    Coinbase

    Coinbase is the place most people first buy Ethereum, because it’s an exchange that allows you to use fiat money for purchases. New users can buy Ethereum with debit, credit card, or bank transfer. Creating a new Coinbase account is as easy as it gets. Here’s how to do it yourself.

    Step 1: Create Your Coinbase Account.

    Sign up for an “Individual” account at Coinbase.com.

    Provide your full name, email address, and choose a new password for this account.

    Find the email sent to you by Coinbase, and click the link.

    You’ll be taken into your new Coinbase account.

    Step 2: Find Your Ethereum Wallet.

    Click “wallets” and you’ll see your Ethereum wallet (along with wallets for the other coins sold on Coinbase).

    When you click it, you should see a screen ike the one to the right.

    Now you can send Ethereum to this wallet address. Ethereum you purchase on Coinbase will also be stored here, until you move it to an outside wallet for long term storage.

    Visit Coinbase

    Exodus Wallet

    The Exodus wallet is a software wallet for your desktop. It stores Ethereum and tons of other cryptocurrencies. Simply download it and set it up, following the steps laid out below.

    Step 1: Download Exodus.

    Download the wallet at Exodus.io (Exodus is desktop only). Install it following the prompts it provides on your screen.

    Step 2: Open Your Exodus Ethereum Wallet.

    Exodus can hold hundreds of different cryptocurrencies, with more added all the time. To see the Ethereum wallet, simply click the “wallet” button on the left. There you’ll see your Ethereum wallet. Click it, and you’ll see your Ethereum wallet address, balance, and other info. .

    Visit Exodus

    Infinito Wallet

    The Infinito Wallet is a multi-currency wallet for every crypto in your portfolio. It can hold Ethereum, Bitcoin, and many dozens more. We like Infinito’s intuitive design and attractive appearance. Read on to find out how to get your own.

    Step 1: Download Infinito Wallet

    On Infinitowallet.io, click “download” as seen above. Select the file for the device of your choosing. Once the download is complete, install the file. Follow the prompts and open up Infinito.

    Step 2: Go to the Ethereum Wallet already within Infinito

    Your Ethereum wallet will already be active once you’re inside the Infinito Wallet. Use it to send, receive, and store Ethereum for any purpose.

    Visit Infinito Wallet

    Blockchain.info

    Blockchain.com (Formerly Blockchain.info, by which it is still more popularly known) is a simple multicurrency web wallet. You can create an account in no time, then enjoy safe access to Bitcoin/Ethereum and a couple of others anywhere in the world.

    Step 1: Create a Blockchain.com Wallet

    Navigate to Blockchain.com and create a new wallet. They’ll ask for your email and a new password for the site. Then Blockchain.com will send you an email, and you must click the link therein.

    Step 2: Find Your Ethereum Wallet Inside Blockchain.com.

    Click “Wallet”. This will make your Ethereum and Bitcoin wallets appear. Click on Ethereum to access your Ethereum address and account balance. This Bitcoin account will be accessible anywhere in the world, as long as you can get online and type in the correct email/password.

    Visit Blockchain.info

    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:

    • MyEtherWallet
    • Infinito Wallet
    • MetaMask

    Best Ethereum Wallet on Mobile

    AppleAndroidApple x Android

    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 blockchain.com Ethereum wallet.

    Blockchain.info wallets are 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 Jaxx wallet is our favorite crypto wallet option for Android devices.

    Regulated options like Coinbase would also be a good choice, but Jaxx may be the better and more versatile solution for new users.

    Jaxx supports a whole bevy of altcoins, and Bitcoin is of course also included.

    Jaxx even enables basic trading. If you want one Ethereum wallet for Android that can do just about everything, choose Jaxx.

    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.

    eToro - Our Recommended Crypto Wallet

    Our Rating

    eToro exchange
    • Exchange Wallet for 120+ Cryptocurrencies, Trade In-Wallet
    • Automatic Staking of ETH, ADA or TRX in your Wallet
    • Regulated by FCA, ASIC and CySEC - 20 Million Users
    • Unlosable Private Key - Secure eToro Recovery Service
    eToro exchange
    Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

    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 easily accessed and downloaded from platforms such as the Apple App Store or Google Play.

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    eToro - UK Crypto Broker

    eToro - UK Crypto Broker

    eToro - UK Crypto Broker

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    Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

    eToro - UK Crypto Broker
    Visit eToro

    Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

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