Fiat currencies




Product Name Zumo Crypto Wallet & Exchange
Fiat Currencies GBP
Cryptocurrencies BTC, ETH, BSV
Deposit Methods Bank transfer
Trading Fee 0.5% fee for buying or selling cryptocurrency (variable mining fee also applies)
Deposit Fees No deposit fees
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Zumo?

Hailing from Edinburgh, Zumo is a cryptocurrency wallet and exchange app that lets you store, spend and send your crypto assets, as well as buy and sell leading cryptos like Bitcoin and Ethereum using your bank account. It also offers a convertible Visa debit card that lets you automatically convert your crypto to make everyday purchases.

Zumo app screenshot showing a new Bitcoin account

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: GBP
  • Supported cryptocurrencies: 3 cryptocurrencies

Which payment methods are accepted?

  • Bank transfer

How does Zumo work?

Unlike other crypto exchanges and platforms, Zumo offers a “non-custodial” wallet, which means it does not store your crypto assets for you. Instead, you are given direct access to your own cryptocurrency wallet.

This means you’ll have more freedom when it comes to accessing your crypto, but will also be entirely responsible for keeping it safe. If you forget your password or backup phrase, you will no longer be able to access your wallet, and neither will Zumo.

You’ll need to fully verify your account before you can begin purchasing cryptocurrencies through Zumo, and will need to link your UK bank account to fund your account.

If you want, you can also use a virtual or physical Zumo Visa card to spend online and in-person. Although this is being touted as a way to “pay with crypto”, your crypto will first need to be converted to GBP.

Is Zumo safe?

Zumo (part of Blockstar Developments Limited) has been temporarily registered as a cryptoasset business with the Financial Conduct Authority (FCA), but it’s worth keeping in mind that cryptocurrency remains unregulated in the UK [Source 1], and the volatile nature of crypto assets means you could lose whatever you invest.

Your money is also not protected by the Financial Services Compensation Scheme (FSCS), and if you lose your password and backup phrase will mean you are locked out of your account and unable to access your funds.

How much does Zumo cost?

Zumo charges a flat 0.5% fee on any trades you make, whether that’s buying cryptocurrency using GBP, or trading one crypto directly for another. This applies to any trades made using the app, as well as when using crypto to make purchases using your Zumo crypto debit card.

With the debit card, you’ll also need to pay £2 per month (or £20 per year) for the virtual card, or £3 per month (or £30 per year) for a physical card.

When transferring or moving crypto, you’ll also need to pay what’s known as a mining fee. This fee will vary depending on the specific cryptocurrency you want to move, as well as how quickly the transaction to be processed.

How do I open a Zumo account?

  1. Download the Zumo app from the Apple App Store or Google Play Store
  2. Create an account and verify your email
  3. You’ll now receive your backup phrase. It’s very important that you make a secure copy of this phrase and keep it safe (see below)
  4. Choose a strong password for your account.
  5. Verify your identity

What is a backup phrase?

Also known as a seed phrase or recovery phrase, a backup phrase is a random series of words generated by a cryptocurrency wallet that acts as a private key for your crypto wallet. Think of it like a digital version of “Open sesame”.

Anyone who has this phrase will be able to access your wallet and whatever assets you hold there, so it’s extremely important that you make a secure copy of this phrase, keep it safe, and never give it to anyone else.

Pros and cons


  • Gives you access to a proper crypto wallet through a slick, user-friendly app.
  • Relatively competitive and straightforward fee on all transactions.
  • The crypto debit card is convenient and interesting.


  • If you lose your password and backup phrase, your assets can be lost forever.
  • When trading cryptocurrencies, the flat fee is in addition to any mining or network transaction fees.
  • If you want the debit card, you’ll have to pay a monthly fee for the privilege.
  • Limited range of currencies.
  • No FSCS protection.

Our verdict: Is Zumo any good?

Zumo is an accessible, easy-to-use cryptocurrency wallet app for those looking to take more control (and responsibility) of their crypto assets. With it’s simple interface and straightforward setup process, it’s a good option for those who may have dipped their toes in the crypto waters and are now looking to dive deeper.

While the debit card aims to make crypto more tangible and easier to realise, the ongoing fees may put some people off requesting one (it’s an optional feature). For a cheaper card, check out Ziglu.

Compare Zumo against other exchanges

Name Product Deposit methods Fiat Currencies Cryptocurrencies
CoinJar Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Faster Payments (FPS)


CoinJar offers a simple way to buy, sell, or trade cryptocurrency with GBP. Trade from your desktop or mobile with a 1% fee and withdrawals are free to your bank account.
eToro Cryptocurrency Trading
Credit card, Debit card, Neteller, PayPal, Wire transfer, Online banking


Disclaimer: Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
Copy the trades of leading cryptocurrency investors on this unique social investment platform.
GlobalBlock Cryptocurrency Broker
Bank transfer, Cryptocurrency


Buy and sell 100+ cryptocurrencies with the option of cold storage and insurance on this UK-based cryptocurrency broker.
Kriptomat Cryptocurrency Exchange
Credit card, Neteller, SOFORT, Skrill, SEPA


Finder Exclusive: Sign up with code FINDER15 and get EUR 15 when you spend over EUR 100 each month. T&Cs apply.
Buy a large selection of cryptocurrencies instantly via credit card or bank account after registering. Store your crypto conveniently in Kriptomat's multi-currency wallet.
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Neteller, Skrill, Apple Pay


Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.

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Frequently asked questions

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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