11 Best Crypto Wallets in UAE – The Complete 2026 List
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
The UAE is one of the most crypto-friendly nations globally, with residents benefiting from favorable tax laws and fair regulation. But which crypto wallet should UAE investors use? In this guide, we review the best crypto wallets in the UAE for 2026. You’ll learn how these wallets work and what their key features are.
We analyzed and tested more than 50 hot and cold wallets to create a list of wallet providers that offer the best services for both active traders and long-term investors. We based our research on their security features, trading options, ease of use, supported chains and tokens, and reputation.
After a detailed analysis, Best Wallet stood out from the competition with its exceptional features. This non-custodial wallet has a built-in Best DEX and a native token that lets you pay lower transaction fees, earn higher staking rewards, and gain access to new crypto projects.
With that in mind, here’s our list of the best crypto wallets for UAE investors.
- In This Article
-
- 1. Best Wallet - The Overall Best Crypto Wallet for UAE Traders and Investors
- 2. Zengo - Best Hot Crypto Wallet in UAE for Security
- 3. Ellipal Titan 2.0 - Best UAE Hardware Wallet for Air-Gapped Security
- 4. Ledger - Top Crypto Wallet in UAE for Flexibility
- 5. Trezor - Best Crypto Wallet for Long-Term Crypto Holders in the UAE
- 6. Binance Wallet - Best Emirates Crypto Wallet for Active Traders
- 7. OKX - Top-Rated UAE Wallet for Crypto Swapping
- 8. Bybit Wallet - Best United Arab Emirates Wallet for Web3
- 9. YouHodler - Best UAE Crypto Wallet for Passive Income
- 10. MetaMask - Top Software Wallet in the UAE for ETH Ecosystem Tokens
- 11. Trust Wallet - Best Crypto Wallet in the UAE for Wide Network Support
- In This Article
-
- 1. Best Wallet - The Overall Best Crypto Wallet for UAE Traders and Investors
- 2. Zengo - Best Hot Crypto Wallet in UAE for Security
- 3. Ellipal Titan 2.0 - Best UAE Hardware Wallet for Air-Gapped Security
- 4. Ledger - Top Crypto Wallet in UAE for Flexibility
- 5. Trezor - Best Crypto Wallet for Long-Term Crypto Holders in the UAE
- 6. Binance Wallet - Best Emirates Crypto Wallet for Active Traders
- 7. OKX - Top-Rated UAE Wallet for Crypto Swapping
- 8. Bybit Wallet - Best United Arab Emirates Wallet for Web3
- 9. YouHodler - Best UAE Crypto Wallet for Passive Income
- 10. MetaMask - Top Software Wallet in the UAE for ETH Ecosystem Tokens
- 11. Trust Wallet - Best Crypto Wallet in the UAE for Wide Network Support
Show Full Guide
The Top UAE Crypto Wallets Shortlisted
- Non-custodial multi-chain wallet.
- Broad ecosystem of wallet features.
- Portfolio management and market insights within the wallet.
- Self-custodial crypto wallet with 1M customer base
- Multi-chain support powered by MPC for added security
- Buy, sell, send, receive and connect to Web3 dApps
- Supports over 10,000 tokens & NFTs
- Air-gapped security with anti-tamper features
- User-friendly interface
- Securely stores sensitive data with a tamper-proof Secure Element chip
- Leger Live App allows you to buy, sell, swap and stake tokens all in one place
- Custom-built BOLOS operating system ensures app updates are carried out automatically
The Best Crypto Wallets for UAE Investors Compared
Now, let us show you how our top 11 UAE crypto wallet picks compare to each other based on their type, number of supported crypto assets, and use cases:
| UAE Wallet | Wallet Type | Supported Coins | AED Deposits/Purchases | Best For |
| Best Wallet | Software | 1,000+ | Yes | Overall best UAE Wallet |
| Zengo | Software | 1,000+ | Yes | Hot wallet security |
| Ellipal Titan 2.0 | Hardware | 10,000+ | No | Air-gapped storage |
| Ledger | Hardware | 15,000+ | No | Flexibility |
| Trezor | Hardware | 1,600+ | No | Long-term storage |
| Binance Wallet | Software | 10,000+ | Yes | Active traders |
| OKX Wallet | Software | 6,000+ | Yes | Crypto swaps |
| Bybit Wallet | Software | 1,600+ | Yes | Web3 access |
| YouHodler | Software | 70+ | Yes | Passive income |
| MetaMask | Software | All ERC-20 and EVM-compatible tokens | Yes, yes via third-party providers | ETH ecosystem tokens |
| Trust Wallet | Software | 10 million+ | Yes, via third-party integrations | Extensive network support |
Top Crypto Wallets in the UAE: Full Reviews
We have compiled comprehensive reviews of the best Bitcoin wallets in the UAE. Some of the most important factors we consider include wallet security, usability, supported coins, features, fees, and transparency. UAE investors can read on to choose the best Bitcoin wallet for their needs.
1. Best Wallet – The Overall Best Crypto Wallet for UAE Traders and Investors
Best Wallet is the overall best crypto wallet for UAE investors. From a single mobile app on iOS and Android, you can hold coins and tokens from 60+ blockchains like Bitcoin, Ethereum, Polygon, and Binance Smart Chain. You can easily swap these coins between chains, which removes the need to have multiple crypto wallets for each blockchain.

The wallet also has a native token, $BEST, designed to be both a utility and a governance token. The utility part comes in the form of feeless swaps and access to new token launches and NFT drops. On the other hand, the governance part will allow you to vote in Best Wallet’s future decisions.
As for security, Best Wallet uses two-factor authentication and PIN or biometrics, depending on your smartphone. This means that even if a bad actor gets hold of your device, they won’t be able to unlock your wallet. Furthermore, your private key is securely encrypted on your device via military-grade ciphers for maximum safety. Be sure to check out our in-depth Best Wallet review to learn all about the provider.
Best Wallet Key Takeaways
- Wallet Type: Software
- Custodianship: Non-custodial
- Compatibility: Mobile
- Supported Coins: 1,000+ on 60+ blockchains
- Fees to Buy Crypto: Depends on the third-party provider
- Staking/Interest: Coming soon
Pros
- Supports multiple blockchains like Ethereum, Polygon, and BNB
- Employs 2FA and biometrics for unlocking
- Buy and sell cryptocurrencies without leaving the wallet
- NFT gallery and marketplace
- Native token for fee discounts and access to crypto presales
Cons
- No crypto wallet browser extension available at the moment
- Third-party fees for buying crypto with a credit card
2. Zengo – Best Hot Crypto Wallet in UAE for Security
The next top crypto wallet to use in the UAE is Zengo. This multi-chain crypto wallet supports over 180 digital assets across the Bitcoin, Ethereum, and Polygon blockchains. Zengo uses MPC (Multi-Party Computation) to ensure no single point of failure in its security model. It generates two mathematical secret shares – one is sent to the user’s mobile devices, and the other is stored on the Zengo servers.

Furthermore, Zengo utilizes three-factor authentication (3FA) to ensure users do not face the brunt of any online hacking. The 3FA protocol includes an email verification process, a recovery file, and a face scan to prevent unauthorized access. In addition, Zengo benefits from a stellar reputation, having served over a million users worldwide without a single hack report.
While the Zengo wallet is free for desktops or mobile devices, you can pay $19.99 monthly to access Zengo Pro. This comes equipped with a Web3 firewall, theft protection, and priority 24/7 customer support. On Zengo, you can also stake Ethereum and generate an APY of up to 4%.
Zengo Key Takeaways
- Wallet Type: Software
- Custodianship: Non-custodial
- Compatibility: Desktop and mobile
- Supported Coins: 1,000+ on 14+ blockchains
- Fees to Buy Crypto: Depends on the third-party provider
- Staking/Interest: Yes
Pros
- Offers staking rewards
- Uses MPC technology for security
- Three-factor authentication
- Multi-chain compatibility
- Priority support and theft protection on Zengo Pro
Cons
- Additional fees for credit/debit card transactions
- No priority customer support on the free plan
3. Ellipal Titan 2.0 – Best UAE Hardware Wallet for Air-Gapped Security
Ellipal Titan 2.0 is a top hardware crypto wallet that keeps your crypto assets completely offline. The wallet is EAL5 certified, which is the global standard for security and reliability within technological products. Instead of making transactions online, UAE users can scan the hardware wallet’s QR code to buy and sell crypto.

Notably, the Ellipal Titan 2.0 is the world’s first fully metal-seated hardware wallet. It’s anti-disassembly and tamper-proof, keeping it safe against any physical or supply-chain attacks. Upon detecting any damage or potential threats, the wallet will auto-destruct.
The device features a 4-inch full lamination IPS display, with a touch response and just a five-minute set-up process. You’ll gain access to 10,000+ coins on 50+ blockchains for a competitive price of $169. This is close to the mid-range – more expensive than Ledger’s starting price of $79, but much cheaper than NGRAVE’s price tag of $398.
Ellipal Key Takeaways
- Wallet Type: Hardware
- Custodianship: Non-custodial
- Compatibility: Mobile
- Supported Coins: 10,000+ on 50+ blockchains
- Fees to Buy Crypto: Depends on the third-party provider (up to 5%)
- Staking/Interest: Yes
Pros
- World’s first fully metal-seared wallet
- Tamper-proof
- Store more than 10,000 coins
- EAL5 certified
- Stores cryptos 100% offline
Cons
- Limited third-party integrations
- Available only on mobile devices
4. Ledger – Top Crypto Wallet in UAE for Flexibility
Ledger is one of the best cold storage wallets designed for those who prioritize top-tier security.. It also caters to a diverse audience, including investors in the UAE. Ledger offers four models: the Ledger Nano S Plus, the Ledger Nano X, Ledger Flex, and Ledger Stax. These cater to various needs such as affordability, mobile support, and NFT management, offering excellent flexibility.

All models serve the same purpose of cold storage but differ in additional features like Bluetooth compatibility and touchscreen.. These hardware wallets can be connected to your desktop or mobile device using a USB cable or Bluetooth, and they’re compatible with Ledger Live, Ledger’s dedicated app.
With Ledger Live, you can monitor your crypto portfolio, buy assets, and interact with decentralized apps and NFTs. Ledger supports over 5,500 cryptos across diverse networks such as Bitcoin, Ethereum, Binance Smart Chain, and Cardano.
Ledger Key Takeaways
- Wallet Type: Hardware
- Custodianship: Non-custodial
- Compatibility: Desktop and mobile
- Supported Coins: 15,000+ on 50+ blockchains
- Fees to Buy Crypto: Up to 5%
- Staking/Interest: Yes
Pros
- A wide range of supported cryptos exceeding 5,500
- Capability to include custom tokens across different networks
- Cold storage staking allows for secure yield generation
Cons
- Fiat transactions processed by Simplex, incurring up to 5% fees
- Lacks open-source transparency
5. Trezor – Best Crypto Wallet for Long-Term Crypto Holders in the UAE
Trezor is another great option for UAE users who prioritize security. It offers a wide range of safeguards that ensure the stored cryptocurrencies don’t get into the wrong hands. First and foremost, Trezor is a cold wallet, so it’s never connected to the internet. Rest assured, this removes the risk of the wallet being hacked remotely.

Second, cryptocurrencies cannot leave the Trezor device unless the user’s PIN is entered. Third, Trezor transactions are authorized without needing to connect to a server. Instead, USB type A or C cables are used, depending on the Trezor model purchased.
The Trezor Model T costs $129 and comes with a digital touchscreen for confirming transactions. The Trezor Model One costs $49 and uses a more clunky two-pad button, while the Trezor Safe 5 and the Trezor Safe 3 cost $169 and $79, respectively. Moreover, all models support over 1,000 coins, including Bitcoin and Ethereum.
Trezor Key Takeaways
- Wallet Type: Hardware
- Custodianship: Non-custodial
- Compatibility: Desktop and mobile
- Supported Coins: 1,600+ on 10+ blockchains
- Fees to Buy Crypto: Depends on the third-party provider
- Staking/Interest: Yes
Pros
- Suited to AED investors with large exposure to cryptocurrencies
- Supports more than 1,000 coins
- Superb security features – including PIN-only transfers and cold storage
- Can be recovered remotely if the device is stolen
Cons
- Solana staking is not yet available in Trezor Suite
- Inconvenient to transact – so won’t appeal to short-term traders
6. Binance Wallet – Best Emirates Crypto Wallet for Active Traders
Binance is a crypto wallet and exchange suitable for short-term UAE traders. The exchange holds a license with the FSRA in Abu Dhabi and directly accepts AED payments. You can access your wallet by logging in with a username and password and completing two-factor authentication. According to Binance, as of April 18, 2024, its Safe Asset Fund for Users (SAFU) is now valued at over $1 billion.

SAFU is used as an insurance fund in case Binance is hacked. Moreover, the Binance wallet comes with IP whitelisting. Should a user log in from an unrecognized IP address, an additional two-factor authentication process is undertaken.
However, the main advantage of using the Binance wallet is having access to its exchange. Binance is the largest exchange by trading volume and supports over 480 cryptocurrencies. UAE investors will pay just 0.1% when trading. What’s more, the Binance wallet supports staking, yield farming, and savings accounts with competitive APYs.
Binance Key Takeaways
- Wallet Type: Software
- Custodianship: Self-custody
- Compatibility: Desktop and mobile
- Supported Coins: 10,000+ on 30+ blockchains
- Fees to Buy Crypto: Based on the network
- Staking/Interest: Yes
Pros
- Best crypto wallet in the UAE for short-term trading
- Approved by the FSRA in Abu Dhabi
- Wallets are protected by two-factor authentication and other security tools
- Competitive yields offered on savings accounts and staking pools
Cons
- AED deposit fees are unclear – built into the exchange rate
- Binance was hacked in 2022
7. OKX – Top-Rated UAE Wallet for Crypto Swapping
OKX offers a decentralized, Web3 wallet that is compatible with multiple devices. This non-custodial wallet is available as a mobile and desktop app, and as a browser extension. You’ll get to switch the ‘MPC’ feature on to distribute mini-segments of your private key across multiple locations. OKX claims that this makes the wallet resistant to remote attacks.

OKX wallet supports 130+ networks, including EVM series, UTXO series, Solana, and Ton. You can also add any token by entering the project’s contract address. In addition, the wallet offers seamless integration with various dApps for staking, gaming, and swapping.
Overall, OKX is the best crypto wallet for UAE traders looking to earn yields on their investments. It bridges to 200+ DeFi platforms that support staking, yield farming pools, and savings accounts. This secures the best APYs for OKX wallet users. The OKX wallet also allows users to trade cryptocurrencies. However, fiat payments are not supported.
OKX Key Takeaways
- Wallet Type: Software
- Custodianship: Non-custodial
- Compatibility: Desktop and mobile
- Supported Coins: 6,000+ on 130+ blockchains
- Fees to Buy Crypto: Depending on the third-party provider
- Staking/Interest: Yes
Pros
- Non-custodial wallet with MPC security
- Available as an app, desktop software, and browser extension
- Thousands of cryptocurrencies supported across 130+ networks
- One of the best crypto wallets in the UAE for earning high-staking APYs
Cons
- Swap commissions are not displayed until the order is created
- The DEX aggregator service is temporarily suspended
8. Bybit Wallet – Best United Arab Emirates Wallet for Web3
Bybit Wallet is a popular cryptocurrency wallet that allows you to access more than 10,000 tokens across 20+ blockchains. At the same time, it offers seamless Web3 access, so you can connect to hundreds of dApps for staking, airdrop farming, DEX trading, and much more.

You can also access the ‘keyless wallet,’ which is non-custodial and utilizes MPC technology to protect your funds. The keyless wallet allows you to retain ownership of your private keys. At the same time, you can also access Bybit’s ‘Cloud Wallet,’ which is custodial. This wallet is integrated with your Bybit account and allows the platform to secure your private keys. However, while convenient, this option tends to be less secure than self-custody.
Bybit supports seamless and secure multi-blockchain interaction, allowing you to swap tokens with ease. In addition to that, you can earn passive income by staking stablecoins and popular crypto tokens, such as Ethereum, and daily rewards by participating in airdrops.
Bybit Key Takeaways
- Wallet Type: Software
- Custodianship: Non-custodial
- Compatibility: Desktop and mobile
- Supported Coins: 10,000+ on 20+ blockchains
- Fees to Buy Crypto: Depending on the third-party provider
- Staking/Interest: Yes
Pros
- Offers staking on stablecoins and crypto tokens
- Access custodial and non-custodial wallets
- Uses MPC technology
- Multi-blockchain access
- Supports token swaps
Cons
- Basic security features
- Low staking returns for major coins
9. YouHodler – Best UAE Crypto Wallet for Passive Income
YouHodler is a promising crypto wallet founded in 2019, offering multiple features, including yield earnings, crypto loans, and an integrated exchange. Regulated in Switzerland and the EU, it ensures strong security measures like Ledger Vault technology with $150M in pooled crime insurance and 2FA authentication. You can earn up to 15% APY on cryptos like Litecoin and Solana.

For stablecoins like USDT and USDC, you can earn up to 18% APY. However, the basic yield for stablecoins starts at 6%. Moreover, tiered rewards are available based on trading volume and loyalty levels, allowing you to maximize earnings. YouHodler also provides a unique Cloud Miner feature. Here, you can earn up to 0.05 BTC per month by completing tasks to get ‘sparks,’ which can be used to mine Bitcoin blocks.
The platform lets you get fiat loans using your crypto assets as collateral. They offer a high loan-to-value ratio of 90%, and you can take loans in various fiat currencies like EUR, USD, CHF, and GBP. Over 50 cryptos, including Bitcoin, Ethereum, and more niche coins like AXS and MANA, are accepted as collateral.
YouHodler Key Takeaways
- Wallet Type: Software
- Custodianship: Non-custodial
- Compatibility: Mobile
- Supported Coins: 70+ on 15+ blockchains
- Fees to Buy Crypto: Depending on the payment method (up to 4.5%)
- Staking/Interest: Yes
Pros
- Multi-crypto support for broad investment options
- High yields up to 15% on specific cryptos
- Cloud Miner feature for Bitcoin earning
- Loans backed by a high 90% LTV ratio
- In-built crypto-to-fiat exchange
Cons
- The Android app can occasionally be laggy
- Minimum loan requirement of $100
10. MetaMask – Top Software Wallet in the UAE for ETH Ecosystem Tokens
Another option to consider is MetaMask, which is the best crypto wallet in the UAE for non-custodial storage. This means that you won’t need to trust a third party when storing your cryptocurrency investments. MetaMask provides users with their private keys via a 12-word passphrase.

The wallet provider cannot see the keys, as the information is encrypted. But do remember that if the password and backup passphrase are misplaced, MetaMask cannot help recover the wallet. Moreover, MetaMask comes with limited security features. Nonetheless, we like that MetaMask is available as a browser extension or mobile app for Android and iOS. It is free to download and use, and no fees are charged when storing and receiving cryptocurrencies.
We also like that MetaMask doesn’t charge any additional fees for outgoing transfers. Instead, GAS fees are forwarded to the blockchain in real time. In terms of supported cryptocurrencies, MetaMask comes pre-installed with an Ethereum wallet address. This accepts all ERC20 tokens, including Tether, USD Coin, and DAI. Although Bitcoin is not supported, you can add various other networks manually, including Binance Smart Chain, Avalanche, and Optimism.
MetaMask Key Takeaways
- Wallet Type: Software
- Custodianship: Non-custodial
- Compatibility: Mobile and browser extension
- Supported Coins: All ERC-20 tokens on Ethereum and EVM-compatible networks
- Fees to Buy Crypto: Depending on the payment method (between 3 and 5%)
- Staking/Interest: Yes
Pros
- KYC-free non-custodial storage – investors hold and control their private keys
- One of the best crypto wallets in the UAE for Ethereum investors
- Stake Ethereum 2.0 at an APY of 3.96%
- Manually add a selection of other networks – including Abritrum and Binance Smart Chain
Cons
- Buying crypto with AED costs up to 5%
- Fixed transaction fee of 0.875%
- Doesn’t support Bitcoin
11. Trust Wallet – Best Crypto Wallet in the UAE for Wide Network Support
Trust Wallet offers self-custody cryptocurrency storage on multiple device types. This includes a browser extension for Chrome and an Android and iOS app. The wallet is completely decentralized, and only the user has control of the private keys. Similar to MetaMask, Trust Wallet encrypts the private keys as a 12-word passphrase.

Trust Wallet also has a fiat money facility that supports AED payments. However, this is provided by Simplex, so fees of up to 5% will be charged. Trust Wallet is also the go-to option for accessing Web3 applications, like Uniswap, Yearn.finance, or ApeSwap. The Trust Wallet balance can be used when accessing these decentralized platforms, making it simple to swap and earn.
Where Trust Wallet really stands out is its support for over 100+ blockchain networks. This includes everything from Bitcoin, Binance Smart Chain, Polygon, and Ethereum to Arbitrum, Solana, Cardano, and XRP. Therefore, Trust Wallet is the best crypto wallet in the UAE for diversified portfolios.
Trust Wallet Key Takeaways
- Wallet Type: Software
- Custodianship: Non-custodial
- Compatibility: Mobile and browser extension
- Supported Coins: 10 million on 100+ blockchains
- Fees to Buy Crypto: Up to 5%
- Staking/Interest: Yes
Pros
- Great option for diversified portfolios – supports over 100 blockchain standards
- No fees to swap or stake tokens from within the wallet interface
- Can be downloaded as an iOS/Android app or installed as a Chrome extension
- 24+ in-wallet staking options
Cons
- Buying crypto with AED will cost up to 5%
- No support if the wallet is hacked or the private keys are misplaced
- Moderate learning curve
Our Methodology: How We Ranked The Best Crypto Wallets in UAE
Since almost all crypto wallet providers claim that their products are the best on the market, we had a hard task of separating the good ones from the bad ones. To include only legit wallet providers, we tested over 50 crypto wallets (both hot and cold) available in the UAE, basing our criteria on their security features, supported coins and network, trading options, ease of use, and reputation.
Security – 30%
The role of crypto wallets is to keep your digital assets safe from the most common crypto attacks, like dusting and phishing. To keep your funds away from prying eyes, crypto wallet providers utilize different security protocols. On that note, hardware wallets will store your private keys offline, while software wallets will encrypt them using strong algorithms.
We gave preference to wallet providers that implement rigid security standards, such as two-factor authentication, Multi-Party Computation (MPC), and PIN-only transfers. We also included EAL5-certified hardware wallets.
Supported Coins and Networks – 20%
Whether you’re a short-term trader or a hodler, you should use crypto wallets that support a wide range of tokens and blockchains to diversify your crypto portfolio. This is why we included wallets that support popular cryptocurrencies, like BTC, ETH, and SOL, and new tokens with the potential to explode. We also included wallets that support cross-chain transactions, which will reduce your transaction fees and give you access to DeFi and NFT ecosystems.
Trading Features – 20%
During our research, we prioritized crypto wallets that offer trading features that will significantly improve your trading strategy. On that note, in addition to wallets that will allow you to buy, sell, and swap tokens through their dedicated app, we also listed providers that offer in-wallet staking options and integrated DEXs. What’s more, we took into consideration their transaction and token swap fees and staking terms and conditions.
Ease of Use – 15%
It’s important to find a crypto wallet that will be easy to use. For this reason, we tested all the above-mentioned wallets to assess which ones are user-friendly and which ones require technical knowledge. Besides testing their dashboards, we also experimented with their native apps. This approach helped us get a comprehensive insight into their main advantages and disadvantages. We choose crypto wallets with intuitive interfaces that are compatible with both desktop and mobile devices. We also based our ratings on user feedback.
Reputation – 15%
We used multiple tools to check the reputation of the crypto providers we tested, such as Check Crypto Address and WalletScrutiny. This helped us to determine how transparent they are about their safety measures and open-code principles. With that in mind, we listed only reputable wallet providers that the crypto community recognizes for their commitment to the security of their users.
Crypto Wallets Explained
When investing in crypto in the UAE, the first step is to choose a suitable exchange to complete the purchase. The next step is to choose a wallet to store the purchased crypto assets. This is where things can get confusing, considering the sheer number of crypto wallets in the market.
To help clear the mist, a good starting point is to understand how crypto wallets actually work. In basic terms, crypto wallets store digital currencies. Wallets usually come as software. For instance, desktop software for Windows and Mac, or a mobile app for iOS and Android. That said, some wallets come as hardware devices, such as Trezor.
All wallets come with a unique address for each supported cryptocurrency. For example, Bitcoin will have its own wallet address, and this is required when receiving tokens. When sending tokens to another wallet, the receiver’s address will be needed. If using a mobile wallet, the sender can scan the receiver’s address via a QR code. If not, the wallet address can be pasted in.

While storing, sending, and receiving tokens are the main functions of a crypto wallet, other features are often available.
How do Crypto Wallets Work?
Now let’s take a much more detailed look at how crypto wallets work. Let’s start with custodianship:
Wallet Custodianship
In order to choose the best crypto wallet in the UAE, investors must understand how custodianship works. This is important, as it determines who is responsible for looking after the cryptocurrencies. A simple analogy is to think about how traditional money is stored.
- When using a custodial storage option, the money would be deposited into a bank. The bank is then responsible for keeping the money secure. To access the money, permission needs to be granted by the bank.
- Those who do not trust banks would need to consider a non-custodial option, such as keeping the money at home in a safe. This gives full control of the money, as no permission is needed to access it. But equally, this increases the risks of theft.
The same concept is true for crypto wallets. For example, custodial wallets like Binance are responsible for keeping client cryptocurrencies safe. They do not provide users with their private keys as a safety precaution. As licensed custodians, these wallet providers have institutional-grade security practices in place. Alternatively, non-custodial wallets like Best Wallet give users their private keys when getting started. The wallet provider cannot access the private keys. Only the user can.

Choosing between a custodial or non-custodial wallet is ultimately down to the investor’s experience. While beginners will likely prefer a regulated custodian, experienced investors might feel more comfortable safeguarding their own wallets.
Wallet Addresses
In order to send and receive cryptocurrencies via the blockchain, you need wallet addresses. Each blockchain will have its own wallet address format.
- For example, this is what a Bitcoin wallet address looks like: 1F34duy2eeMz5mSrvFepVzy7Y1rBsnAyWC
- And here’s an example of an Ethereum wallet address: 0x868daB0b8E21EC0a48b726A1ccf25826c78C6d7F
Both are equally long and complex.
But crucially, no two wallet addresses can be the same. This is similar to a bank account number. So, sending funds to another person requires the destination wallet address. And vice versa when receiving cryptocurrencies into the wallet.
Providing a wallet address to another person is not a security threat. Just like giving someone a bank account number, wallet addresses only allow people to send funds.
But do note that wallet addresses are public. This means anyone can view the wallet balance if they have the address. Data analytics websites like Blockchain.com and BitInfoCharts provide this information.
Wallet Private Keys
Crypto wallets also come with a unique set of private keys. Similar to wallet addresses, they are complex in nature. Private keys provide access to wallets and the cryptocurrencies stored within them. This means that private keys should be protected at all costs.
For example, private keys should never be stored on a device that can connect to the internet. If they are, they are at risk of being hacked remotely. The hacker would then be able to access the wallet and drain the cryptocurrencies stored.
- The best practice for securing private keys is to write them on a sheet of paper.
- For added security, the private keys could be split and written down on multiple sheets.
- This way, if someone comes across the sheet of paper, they would only have part of the private key – which wouldn’t provide them access to the wallet.
But ultimately, safeguarding private keys can be intimidating for beginners. This is why custodial wallets are often the better option.
Seed Phrase Security
Your private keys are protected with a seed phrase, which is a sequence of words that serves as the entry to accessing your digital assets. Thus, it is vital to secure the seed phrase by using a top-quality storage device. One such device is Cryptotag, which offers seed storage options for daily holders and veteran multi-wallet holders. Cryptotag offers a number of products, such as ‘Zeus’, which lets you store up to 24 seed phrases. Other products such as ‘Thor’ allow users to secure their seed phrase in a 3.6 KG titanium device. Multi-share backup solutions are also provided by Cryptotag.
Visit CryptotagDo You Need a Crypto Wallet? What to Consider
According to a Crypto.com study, there are 219 million Bitcoin holders globally. However, the number of people who use Bitcoin for transactions is very small. For example, BitInfoCharts data shows that in the prior 24 hours, there were just over 880,000 active Bitcoin addresses. This means that the vast majority of people who own Bitcoin do not transact. Instead, they purchase BTC as an investment.
In practice, this means that UAE residents do not actually need a crypto wallet to invest in this space. On the other hand, UAE investors wanting to send and receive cryptocurrencies will need a wallet. This will provide them with a unique wallet address and the ability to transfer funds without going through a third party.
What are the Different Types of Bitcoin Wallets?
We have covered custodianship, public addresses, and private keys in great detail. The next step for UAE investors is to learn about the different types of crypto wallets. Let’s start with the most common type – software wallets.
Software Wallets
Software wallets allow investors to send and receive funds remotely. There are generally four options to choose from in this regard:
- Web Wallet: These are usually available through custodians like Binance. They don’t require software installation, as investors can access their web wallets by logging into their accounts.
- Mobile Wallet: Mobile wallets like Best Wallet come as an app. They allow users to send, receive, and store cryptocurrencies no matter where they are located. This option is suitable for active traders who want full control of their cryptocurrencies.
- Desktop Wallet: Another option is to download a desktop wallet. Usually supported for Windows and Mac, this offers a more user-friendly experience when transacting. But desktop wallets are less convenient, and transactions can only be verified when the user has access to their device.
- Browser-Based Wallet: Some of the best crypto wallets in the UAE come as a browser extension. The wallet is installed in a browser like Chrome or Firefox. This makes it simple to trade cryptocurrencies online, especially on decentralized exchanges.
Hardware Wallets
Hardware wallets, also known as cold wallets, do not allow investors to transact with the blockchain remotely. Instead, they come as a hardware device, and the private keys are never exposed to the internet. To transact, a PIN needs to be entered on the hardware wallet. We found that one of the best crypto cold wallets for UAE investors is the Trezor Model One. You can buy it for $49 or about 179 AED.
Tips for Selecting the Best UAE Bitcoin Wallet
There are many variables to consider when researching the best UAE Bitcoin wallets. Not only in terms of the wallet type and custodianship, but also security, supporting coins, and core features. Here’s what to consider when choosing a UAE crypto wallet:
- Custodianship: First, do some research on the pros and cons of both custodial and non-custodial wallets. As noted earlier, a great analogy is to consider how money is stored. Those who prefer to keep money in a bank can opt for a regulated custodial wallet. Those who prefer keeping money at home in a safe can opt for a non-custodial wallet.
- Device Type: The most popular wallets are available on multiple devices. For example, wallets come as mobile apps, browser extensions, and desktop software. Hardware wallets are another option.
- Supported Coins: The best crypto wallets in the UAE will support many different coins and network standards. For example, Best Wallet supports coins from various blockchains, including Ethereum, Polygon, and BNB, with the Bitcoin blockchain planned for a future update.
- Fees: Hardware wallets are physical devices, so consider the costs before proceeding. Software wallets are free to download. Storing and receiving cryptocurrencies should also be free. Some wallets charge markups when sending cryptocurrencies. You should avoid such providers.
- Security: Security features will vary depending on the wallet type. Non-custodial hot wallets like Trust Wallet and MetaMask come with limited security features. Cold wallets like Trezor are super-secure.
- User-Friendliness: UAE investors should also choose a crypto wallet that is suitable for their experience. Binance offers the best user-friendly wallet.t. On the other hand, OKX is more suitable for experienced investors.
- Features: Opt for crypto wallets that come with extra features. For example, give preference to wallets that support buying crypto with AED or swapping tokens without leaving the wallet. Staking and yield farming tools are handy for earning passive income
Tutorial on How to Get and Use a Bitcoin Wallet in the UAE
This section provides a step-by-step walkthrough on how to set up the Best Wallet. We found that Best Wallet offers the best crypto wallet app for UAE investors. Not only is it non-custodial, meaning you have full control over your funds, but the app also allows users to send and receive funds via multiple blockchains.
Step 1: Download the Best Wallet app
UAE investors must download the Best Wallet app from the App Store or Google Play, depending on the device.

Step 2: Open the Best Wallet App
When you open the app, you’ll need to verify your email address. The next step is to activate two-factor authentication to improve the app’s security. However, you can skip this step and activate 2FA later on if you want to.

Whether or not you activate 2FA, you’ll have to set up a four-digit password next. There’s an option to enable biometrics such as fingerprint or face ID if your device supports any of those features.
Step 3: Create a Wallet
Your first wallet is on the Ethereum blockchain. You can now create multiple wallets, give them names, such as “Trading wallet” or “NFT storage,” and select a background color. Tap “Continue” when ready.
Step 4: Use Best Wallet
Now you can buy crypto with a card, receive coins from exchanges or other wallets, and swap them. Active Best Wallet users may get $BEST tokens airdropped in Phase 6 of the development of this wallet.

How Safe Are Crypto Wallets?
Each wallet type will come with its own level of security. Not only in terms of the device type, but also whether it’s a custodial or non-custodial wallet. UAE investors should consider whether the wallet offers hot or cold storage. Let’s break down the most important factors:
- Cold Wallets: Cold wallets offer the highest level of security. They are never connected to a live internet server, so this removes a major risk – remote hacking attempts. Hot wallets are usually non-custodial, such as Trezor.
- Hot Wallets: In contrast, hot wallets offer a much lower level of security, because they are always connected to a live internet server. Hot wallets come as both custodial and non-custodial options. When deciding between a custodial or non-custodial wallet, assessing the security features is paramount. For example, non-custodial wallets like Trust Wallet and MetaMask come with limited safety features and password-only protection. If the device on which the wallet is stored is compromised, the private keys will be hacked.
Conclusion: What is The Best Crypto Wallet in The UAE?
As you can see, UAE crypto investors are spoiled for choice when it comes to both hardware and software wallets. But overall, we found that the Best Wallet offers the ideal balance between safety, convenience, and features.
It can hold coins from 60+ blockchains, letting you swap between them, and you can safely store your NFTs, too. Security is also top-notch, with 2FA, encryption, and biometrics, ensuring your funds are as safe as they can be on a software wallet.
Visit Best WalletFAQs
Can you use Coinbase in the UAE?
Are Bitcoin wallets legal in the UAE?
Can UAE residents use Binance?
References
- Binance Secures Financial Services Permission from Abu Dhabi Global Market (Binance)
- Ethereum gas and fees: technical overview (Ethereum.org)
- Know Your Customer (KYC) Explained (LexisNexis)
- Compare Trezor Hardware Wallets (Trezor)
- Top Cryptocurrency Exchanges Ranked By Volume (CoinMarketCap)
- Binance-linked blockchain hit by $570 million crypto hack (Reuters)
- Financial Services Regulatory Authority (FSRA) (ADGM)
- What fees do you charge for card payments? (Simplex)
- A guide to safeguarding your assets with MPC tech (OKX)
- Bitcoin Active Addresses Chart (BitInfoCharts)
- Top Cryptocurrency Decentralized Exchanges Ranked (CoinMarketCap)
About Cryptonews
Our goal is to offer a comprehensive and objective perspective on the cryptocurrency market, enabling our readers to make informed decisions in this ever-changing landscape.
Our editorial team of more than 70 crypto professionals works to maintain the highest standards of journalism and ethics. We follow strict editorial guidelines to ensure the integrity and credibility of our content.
Whether you’re looking for breaking news, expert opinions, or market insights, Cryptonews has been your go-to destination for everything cryptocurrency since 2017.