Summary: Do you know that there are several cryptocurrency wallets that you can use for storing cryptocurrency keys and accessing your crypto coins. Keep on reading the article to find out about these wallets in detail.
Cryptocurrency is a rapidly expanding sector, and many Indians are getting involved in this for investment purposes. To store and trade Bitcoin and other cryptocurrencies, you’ll need a crypto wallet. Today’s wallets for cryptocurrencies are packed with features that make cryptocurrency trading easier.
However, with so many alternatives, choosing the best option might be tough. This article will tell you everything about crypto wallet India, how it works and the top safest crypto wallets in India.
Crypto wallet is a software program or physical device that stores your cryptocurrency and allows you to send and receive transactions. Private keys and public keys are the two key pairs that make up a crypto wallet.
Private keys are typically stated as a string of alphanumeric characters for ease of use. It’s comparable to a bank account, with the exception that it’s controlled by a key that only you have access to. You utilize this private key to start transactions, which is known as “assigning”.
The public key is paired with the private key and gives a signal for receiving cryptocurrency transactions.
A blockchain wallet is a cryptocurrency wallet, allowing people to manage Bitcoin, Ethereum and other cryptocurrencies. It simplifies transactions and ensures their security with cryptography signing. You can access Bitcoin wallet from any online device with utmost security. A blockchain wallet ensures safe fund transfer.
Suggested Read: What is Cryptocurrency? Cryptocurrency Guide For Beginners
Popular types of crypto wallets in India are: Desktop wallets, hardware wallets, web wallets & mobile wallets.
Wallet Name | Type | Supported Cryptocurrencies | Security Features | Platform | Minimum Trade Value |
---|---|---|---|---|---|
Binance | Exchange Wallet | Multiple | Two-Factor Authentication (2FA), Cold Storage, Withdrawal Whitelists | Web, Android, iOS | INR 1500 |
WazirX | Exchange Wallet | Multiple | Two-Factor Authentication (2FA), Cold Storage, IP Whitelisting | Android, iOS | INR 100 |
Ledger Nano | Hardware Wallet | Multiple | Offline Storage, PIN Protection, Recovery Seed Phrase | PC, Android, iOS | No Minimum Amount |
Coinbase | Exchange Wallet | Multiple | Two-Factor Authentication (2FA), Insurance, Hot and Cold Wallets | Android, iOS | INR 1 |
ZenGo | Mobile Wallet | Multiple | Biometric Authentication, Keyless Wallet, Multi-Signature | Web, Android, iOS | INR 2500 |
CoinDCX | Exchange Wallet | Multiple | Two-Factor Authentication (2FA), Cold Storage, Withdrawal Whitelists | Android, iOS | INR 500 |
BuyUcoin | Exchange Wallet | Multiple | Two-Factor Authentication (2FA), Cold Storage, IP Whitelisting | Web, Android, iOS | INR 100 |
ZebPay | Exchange Wallet | Multiple | Two-Factor Authentication (2FA), Cold Storage, Withdrawal Whitelists | Web, Android, iOS | INR 100 |
Unocoin | Exchange Wallet | Bitcoin | Two-Factor Authentication (2FA), Cold Storage | Web, Android, iOS | INR 1000 |
Guarda Wallet | Multi-Currency | Multiple | Encrypted Private Keys, Multi-Platform Support, Backup Options | Web, MacOS, Windows, Debian, Android, iOS | INR 100 |
Rating: 3.9 | Supported Cryptocurrency: 500+ | Staking Support: Yes
Binance Wallet is one of the most well-known cryptocurrency exchanges. It provides a safe environment for trading over 250 cryptocurrencies. This web wallet has an API that you can use to link it with your current trading software.
Binance
Starting Price
Price on Request
Crypto Currency Interface | It offers both simple and complex crypto trading exchange interfaces |
Storage | Binance provides a safe place to store your digital valuables. |
Cryptocurrency Supported | BTC, BTG, ETH, DASH, ADA, XRP, NEO, TRX, etc. |
Supported OS | Available on web, iOS, and android. |
Deposit Fees | No Fees Required |
Withdrawal Fees | Depends on the type of cryptocurrency |
KYC | Required |
Minimum Trade | INR 2500 |
Trading Bots | Bots can help you create automated trading strategies |
Copy Trading | Helps to copy the positions of another trader when they are opened and closed |
P2P | Purchase and sell cryptocurrencies via the bank transfer. |
Pros
Cons
Fee Type | Fee |
---|---|
Fiat deposit | Free |
Fiat withdrawal | 1.00% |
Crypto Deposit | Free |
Crypto Withdrawal | 1.72% |
Rating: 4 | Supported Cryptocurrency: 300+ | Staking Support: Yes
WazirX Multi-Cryptocurrency Wallet is considered as one of the best crypto wallets in India. Since it was launched, it achieved rapid and massive popularity among users. To prevent identity theft and ensure secure transactions, it uses two-factor authentication or OTP-based authentication.
KYC | KYC will be conducted within a few hours of signing up by identity verification systems. |
P2P Trading | It allows P2P trading with no crypto trading fees. |
Transaction Processing fees | In a matter of seconds, this digital currency wallet can process millions of transactions. |
Supported OS | Available on Android, Google Play, iOS, Windows, and Mac. |
Cryptocurrency Supported | Bitcoin, Ethereum, Ripple, Zilliqa, Tron, and 100+ other cryptocurrencies. |
Deposit Fees | No Fees Required |
Withdrawal fees | There is a cost of 0.0005 BTC for each Bitcoin withdrawal. No fee for INR withdrawals |
Payment Methods | Bank Transfer, UPI, NEFT & RTGS, and IMPS. |
Minimum Trade | INR 50 |
Stop-Limit Orders | Place advanced orders like stop-limit orders to automate your trading strategy |
INR Deposits & Withdrawals | Deposit and withdraw Indian Rupees (INR) directly using secure payment gateways |
QuickBuy | Option to buy and sell your favorite cryptocurrencies quickly. |
Referral Earn | Invite friends and earn up to 50% of their trading fees |
Pros
Cons
WazirX Fee Type | Fee |
---|---|
Fiat Deposit | Free |
Fiat Withdrawal | 35.12 1INCH |
Crypto Deposit | Free |
Crypto Withdrawal | Free |
Rating: 4.4 | Supported Cryptocurrency: 5500+ | Staking Support: Yes
Ledger is a trusted hardware wallet brand in India. Ledger Nano X builds provides add-on features to Nano S and includes a built-in battery with better asset management and bluetooth connectivity. Also, best crypto wallet in India without KYC required.
Hardware Wallets | Ledger hardware wallets come with a certified secure chip and a unique operating system. |
Interface | It is user friendly. |
Tokens Handled | 1,800+ |
Keys | You can utilise both public and private keys. |
Supported OS | Windows, Mac OS X, and Linux are all supported systems |
Cryptocurrency Supported | Bitcoin, Dogecoin, Cardano DASH, Binance Coin, Ethereum, EOS, and 5000+ others. |
Deposit Fees | Every transaction is associated with a network fee, which can be high, low or standard. |
Payment Methods | Credit card, BitPay, PayPal, and crypto.com Pay. |
KYC | Not required |
Minimum Trade | INR 100 |
Pros
Cons
Fee Type | Fee |
---|---|
Fiat Deposit | Free |
Fiat Withdrawal | 35.12 1INCH |
Crypto Deposit | Free |
Crypto Withdrawal | Free |
Suggested Read: Best Crypto Payment Gateway in India to Accept Bitcoin
Rating: 4.4 | Supported Cryptocurrency: 5500+ | Staking Support: Yes
Coinbase Wallet is a digital asset wallet that protects your bitcoins, digital collectables, and other digital assets. The wallet supports many currencies and is completely insured, which is unusual in the bitcoin sector.
It allows you to keep your money in a secure location, and two-factor authentication assures that any user who logs into your account is legitimate.
Coinbase
Starting Price
Price on Request
Interface | The user interface is vibrant and easy to use. |
Security | Coinbase has earned a reputation for being a safe location to purchase and sell cryptocurrency. |
Awards | As customers complete training, Coinbase awards them with cryptocurrency |
Supported OS | Available on Web, iOS, and Android. |
Cryptocurrency Supported | Bitcoin, Ethereum, Dogecoin, Binance Coin, Dai, Maker, USDC, Tezos, Tether, Aave, Uniswap, Kyber Network, The Sandbox, Paxos Standard. |
Deposit Fees | Free |
Withdrawal fees | 0.5% to 4.5% depending on payment method |
Payment Methods | Bitcoin, Ethereum, USD Coin, Debit or Credit card, Apple Pay, Bank transfer. |
KYC | Required |
Minimum Trade | INR 1 |
Pros
Cons
Fee Type | Fee |
---|---|
Fiat Deposit for ACH | Free |
Fiat Withdrawal for ACH | Free |
Crypto Deposit | Based on the asset network |
Crypto Withdrawal | Based on prevailing network fees |
Rating: 4.6 | Supported Cryptocurrency: 13+ | Staking Support: Yes
ZenGo Wallet is a non-custodial mobile cryptocurrency wallet. It considers threshold signatures over private keys. This wallet for crypto generates mathematical secret shares on your phone and your servers.
ZenGo
Starting Price
Price on Request
Keyless Cryptocurrency Wallet | Enable you to choose the right options. Instead, you can maintain control over your finances without having to remember a slew of passwords. |
Countries Supported | ZenGo can be used to buy cryptocurrency in 188 countries. |
Investment Tracker | You can keep track of your investments in real time. To find out where you stand, simply open your ZenGo app. |
Supported OS | Available on Web, iOS, and Android. |
Cryptocurrency Supported | Bitcoin, Ethereum, Dogecoin, Binance Coin, Dai, Maker, USDC, Tezos, Tether, Aave, Uniswap, Kyber Network, The Sandbox, Paxos Standard. |
Deposit Fees | Free |
Withdrawal fees | Depends on the type of cryptocurrency |
Payment Methods | Bitcoin, Ethereum, USD Coin, Debit or Credit card, Apple Pay, Bank transfer |
KYC | Required |
Minimum Trade | INR 2500 |
Pros
Cons
Fee Type | Fee |
---|---|
Fiat Deposit | % of total amount to be converted |
Fiat Withdrawal | % of total amount to be converted |
Crypto Deposit | Free |
Crypto Withdrawal | Free |
CoinDCX is considered India’s safest cryptocurrency exchange, with a mission to make cryptocurrency more accessible. It provides retail, HNI, and enterprise customers with crypto-based financial product investing and trading solutions.
CoinDCX
Starting Price
Price on Request
Data Encryption | Encrypt all your data to keep your passwords and personal information safe. |
Cryptocurrency Type | CoinDCX is a decentralized cryptocurrency. |
Money Kept | Most of the money on our platform is kept in cold wallets |
Security | It’s a secure and straightforward approach to building a solid crypto portfolio. |
Supported OS | Available on iOS and Android. |
Cryptocurrency Supported | Bitcoin, Tether, Ethereum, Shiba Inu, XRP, Solana, etc. |
Deposit Fees | Free |
Withdrawal Fees | Depends on the type of cryptocurrency |
Payment Methods | Credit card or debit card, bank transfer (ACH), UPI. |
KYC | Required |
Minimum Trade | INR 500 |
Pros
Cons
Fee Type | Fee |
---|---|
Fiat Deposit | Free |
Fiat Withdrawal | Free |
Crypto Deposit | Free |
Crypto Withdrawal | Depends on the cryptocurrency |
Suggested Read: Best Cryptocurrency Exchange Software Companies for Crypto Trading
Rating: 4.3 | Supported Cryptocurrency: 40+ | Staking Support: Yes
BuyUcoin is one of India’s most popular cryptocurrency wallets. With Light and Dark Mode, you can access all of your portfolios in one spot. Your crypto coins are stored in a secure offline wallet that is immune to hacking threats.
Encryption and hashing are among the most appreciated features of BuyU , along with the salting method, which prohibits fraud. The crypto exchange’s data is stored, decrypted, and transmitted on a separate hosting infrastructure.
KYC | You can complete your KYC in under a minute and begin trading. |
Friends Invite | Invite your friends to join you to earn free Bitcoin. |
Affiliate and Referral Program | BuyUcoin provides an affiliate and referral program where you can earn up to 50 percent commission on cryptocurrency trading. |
Cryptocurrency Addition | You can effortlessly add cryptocurrency or Indian rupees to your digital wallet. |
Supported OS | Available on Web, iOS, and Android. |
Cryptocurrency Supported | ETH, BTC, BNB, SOLANA, TETHER, ADA, XRP, DOGE, DOT, LTC, SHIB, etc. |
Deposit Fees | 2% deposit fees |
Withdrawal fees | Depending on the crypto coin you want to withdraw. |
Payment Methods | Bank Transfer, BHIM UPI, Net banking, etc. |
KYC | Required |
Minimum Trade | INR 100 |
Pros
Cons
Fee Type | Fee |
---|---|
Fiat Deposit | Free |
Fiat Withdrawal for BTC | 0.00026 BTC |
Crypto Deposit | Free |
Crypto Withdrawal for BTC | 0.00026 BTC |
Rating: 4.1 | Supported Cryptocurrency: 35+ | Staking Support: Yes
ZebPay is a cryptocurrency exchange with a simple UI and comprehensive crypto trading tools. Users can use Bitcoin to make payments. You can also use this cryptocurrency wallet to establish trading alerts, trade pairings, and buy a variety of cryptocurrencies.
Security | Ensure the highest level of security so you can trade cryptos without worry. |
Intuitive | It has a simple ZebPay app and wallet. |
Mobile App | Make payments in a flash using the mobile app. |
Cold Wallets | 98% of ZebPay’s cryptos are kept in cold wallets. |
Multi-Chain Security | It allows for the creation of a world-class multi-chain security solution. |
Supported OS | Windows, Android, and iOS. |
Cryptocurrency Supported | DOGE, LTC, BTC, BCH, ETH, XRP, TRX, ADA, ZRX, XLM, DAI, ACH, SHIB, etc. |
Deposit Fees | ₹10 on net banking, ₹25 on using UPI, and ₹7 on bank transfer |
Withdrawal Fees | There is a flat ₹10 fee for all withdrawals and 0.0006 BTC for Bitcoin withdrawal. |
Payment Methods | Bank transfer, net banking, and UPI. |
KYC | Required |
Minimum Trade | INR 100 |
Pros
Cons
Fee Type | Fee |
---|---|
Fiat Deposit | Free |
Fiat Withdrawal | Free |
Crypto Deposit | Free |
Crypto Withdrawal | Free |
Rating: 4 | Supported Cryptocurrency: 85+ | Staking Support: Yes
Unocoin is a bitcoin processor based in India that allows consumers to buy, sell, store, and receive bitcoins. It is considered as India’s most secure location for exchanging crypto assets. The wallet allows you to trade a range of digital assets in a secure network.
User privacy | User privacy is prioritized in the wallet. Unicoin collects personal information to quickly identify you. |
Offline Storage | Most user funds are kept offline in the wallet. You can construct many addresses for offline storage on a computer that does not have access to the internet. |
Security | 2 factor authentication adds protection against hacking attempts. |
Fund Transfer | Move your funds to secure wallets if you don’t plan on making frequent trades. |
Supported OS | Available on Web, iOS, and Android. |
Cryptocurrency Supported | Bitcoin, Ethereum, Dogecoin, Shiba Inu, Fantom, Litecoin, Ripple, Bitcoin Cash, EOS, Stellar, and more. |
Deposit Fees | Depends on the type of cryptocurrency |
Withdrawal Fees | Up to 0.7% |
Payment Methods | Bank transfer, net banking, and UPI. |
KYC | Required |
Minimum Trade | INR 1000 |
Pros
Cons
Fee Type | Fee |
---|---|
Fiat Deposit | Free |
Fiat Withdrawal | Free |
Crypto Deposit for BTC | 0.5% |
Crypto Withdrawal for BTC | 0.5% |
Rating: 4.6 | Supported Cryptocurrency: 400k+ | Staking Support: Yes
Guarda is a multi-platform, custody-free cryptocurrency wallet with a user-friendly interface for storing, managing, buying, exchanging, and staking cryptocurrencies. Guarda now supports over 50 major blockchains and tens of thousands of coins.
Data Encryption | It protects its users’ confidential data with encryption technology. |
Users Supported | It allows two or more users to sign transactions thanks to its multi-signature functionality |
Built-in Exchange Tool | Users can use built-in exchange tools to convert currencies and perform quick crypto transactions. |
Supported OS | Web, Linux, Windows, macOS, iOS, Android, and Chrome Extension versions. |
Cryptocurrency Supported | Binance Coin, Bitcoin, Ethereum, Cardano, Dogecoin. |
Withdrawal Fees | Customizable transaction fees, 3.5% crypto purchase fee |
Payment Methods | Bank transfer, Net banking, and UPI |
KYC | Required |
Minimum Trade | INR 100 |
Pros
Cons
Fee Type | Fee |
---|---|
Fiat Deposit | 2% |
Fiat Withdrawal | 2% |
Crypto Deposit | 0.5% |
Crypto Withdrawal | 0.5% |
You have to share your personal information and generate a security password for creating a hosted crypto wallet. With a two-step verification process, you can securely create your cryptocurrency wallet.
Non-custody wallets for cryptocurrencies are often paired to an app that helps manage the private key. Without the private key, you cannot access your cryptos.
With a hardware wallet, you must download the compatible software from the official website to set up the wallet.
Wallet for cryptocurrencies are available in the form of software and hardware. Both these types of crypto wallets ensure a secure access to your cryptocurrency.
A wallet for cryptocurrencies doesn’t store any bitcoin, but the public and private key details to complete crypto transactions successfully. The coin is kept on a blockchain. It is a form of digital record that streamlines the operation of numerous decentralized cryptocurrencies.
Crypto wallets offer a secure alternative to storing your cryptocurrency on exchanges. By holding your private keys, you gain greater control over your funds and reduce the risk of exchange hacks.
Also, allow for more freedom in sending, receiving, & potentially earning interest on your crypto. Here are some other benefits of using a wallet for cryptocurrencies for you:
Bitcoin wallets offer many advantages, such as providing control over your funds, security features, and easy access to the Bitcoin network. However, they also come with some disadvantages:
There are three main types of cryptocurrency exchanges, each with its own advantages and disadvantages such Centralized Exchanges, Decentralized Exchanges, Hybrid Exchanges, etc. Look at each of them in detail below:
There are many cryptocurrency wallets available online. So, we’d like to share our approach to selecting the best crypto wallet in India for you.
By following this rigorous selection process, we wanted to provide you with the best options for your cryptocurrency wallet needs in India.
The wallets mentioned in this article offer a wide range of features and security measures that cater to different needs and preferences. From user-friendly interfaces to robust encryption protocols, these wallets ensure the safety of your digital assets.
Whether you are a beginner or an experienced investor, there is a wallet on this list that will suit your requirements. So go ahead, explore these options, and start managing your crypto investments with confidence.
The steps to open a crypto wallet are:
1. Download a crypto wallet app.
2. Create an account.
3. Store your private key.
4. Transfer crypto to your wallet.
5. Start exchange.
The Reserve Bank of India (RBI) and the union government have not given any sort of recognition to cryptocurrencies and, therefore, these are not legal in the country right now.
Binance and Coinbase are some of the crypto wallets that charge the cheapest fees.
Binance charges 0.10% spot-trading fees, and 4.5% on debit card purchases. Whereas Coinbase has a fee of 0.50% per trade, and charges 3.99% for credit card purchases.
Other Coinbase charges are 1.49% for bank account purchases or Coinbase wallet, and $10 for deposit and $25 for withdrawal when it comes to wire transfers.
WazirX and Coinbase are among the popular crypto wallets with the lowest withdrawal fee. On average, the applicable fee with WazirX is 0.2%, while Coinbase takes up to 0.5%.
These are some of the best and safest Bitcoin wallets:
1. Coinbase
2. Ledger Nano X
3. Zengo
4. Binance
Cold storage, also known as offline wallets, is one of the safest ways to store bitcoin because these are not accessible over the internet.
If you're only storing Bitcoin in the wallet, using a Bitcoin wallet costs nothing. If you're trying to complete a transaction, it will charge you a fee depending on what you're trying to do.
A blockchain wallet is a secure digital wallet that allows users to manage and store cryptocurrencies like Bitcoin and Ethereum. It simplifies transactions and ensures their security through cryptographic signatures
It's recommended to store cryptocurrencies in secure wallets, such as hardware wallets like Ledger Nano, for long-term storage. For everyday transactions, mobile or desktop wallets like ZenGo and Coinbase can be convenient.
Many crypto wallets are available for free, but some hardware wallets may have an upfront cost. However, users should be aware of potential transaction fees associated with sending and receiving cryptocurrencies.
Crypto wallet India can be safe if used correctly and chosen from reputable providers. Hardware wallets, like Ledger Nano, are among the safest options due to their offline storage and security features.
To create a Bitcoin wallet in India, choose a reputable wallet provider like CoinDCX or ZebPay. Sign up on their platform, complete the KYC process, and set up a secure password. Your wallet is then ready for Bitcoin transactions.
The best crypto wallet in India depends on individual preferences and needs. Some popular options include Binance, WazirX, and Ledger Nano for their security and user-friendly features. It's advisable to research and find the one that aligns with your requirements.
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