What is the difference between the Zumo wallets?

With Zumo, you get access to two different types of crypto wallet, Zumo Infinite and Zumo Trade, both viewable from your Crypto Wallet screen.

Zumo Trade is your custodial wallet - a Zumo-managed account that custodies your crypto funds on your behalf. This is where you can make all your trades with a flat 0.5% exchange fee and zero blockchain network fees. By default, all new UK-based Zumo customers start with a Trade wallet.

Zumo Infinite is your non-custodial wallet - a self-hosted wallet in which your funds are held by you, on-chain, with you having the only access to your private keys. Set up your Infinite wallet from within the Zumo app at any time and use it to self-custody your crypto, send to external wallets and connect to other platforms.

Both wallets live conveniently in the same Zumo app, allowing you to transfer between the two at any time, and mix and match to get the best of both worlds.

Learn more about which wallet may suit your different needs best in our custodial vs non-custodial crypto wallet guide.

In addition to your cryptocurrency wallets, UK customers will also have a GBP (pound sterling) wallet, an e-money wallet that allows you to transact in pound sterling. This is provided through Zumo's partnership with Modulr, a company authorised by the FCA as an Electronic Money Institution.