A wallet is where you store your crypto and it’s an essential component of any cryptocurrency portfolio. Choosing the right one depends on your priorities, such as convenience and security. We’ve picked out some of the top options for UK investors, so you can easily find a wallet that fits your needs.
Top crypto wallets for UK investors are creating an account on a cryptocurrency exchange. You’ll need to verify your identity, which typically requires you to submit personal documents, and then activate multi-factor authentication for an extra layer of security. Once you’ve completed this process, you can deposit fiat currency, like GBP or USD, into your account to buy crypto.
Top Crypto Wallets for UK Investors: Choosing the Right One
Some of the most popular crypto exchanges for UK users are OKX, MEXC, and Coinbase. They’re centralized exchanges (CEX) that offer a user-friendly platform, high liquidity, and secure storage of your assets. They’re also registered with the Financial Conduct Authority (FCA) and prioritize compliance and asset protection.
Other popular UK exchanges include eToro, which offers low fees and access to hundreds of markets worldwide. It’s a great option for beginner traders and advanced investors alike, offering the ability to trade both long and short positions backed by real crypto. Margex is another strong choice, offering high-leverage trading and a variety of digital currency pairs to trade on. It’s a regulated broker, with additional layers of security including two-factor authentication and continuous security audits. This makes it a good option for those concerned with security.