10 Best Crypto Wallets in India 2024

Last Updated: September 27, 2024

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.

What Is a Crypto Wallet?

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.

What is a Blockchain Wallet?

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

Types of Cryptocurrency Wallets

Popular types of crypto wallets in India are: Desktop wallets, hardware wallets, web wallets & mobile wallets.

  • Desktop Wallets: Keep your private keys on the hard drive of your local PC. They’re safer than mobile and online wallets. The only way you can lose a desktop wallet is if someone hacks your computer when it is connected to the internet.
  • Mobile Wallet: Cryptocurrency mobile wallets are apps that may be downloaded from the Google Play or Apple Store. App wallets help make smaller payments or pay for everyday items using bitcoins. It provides the same level of security as your smartphone.
  • Web Wallets: Your private keys are stored on a web Cryptocurrency wallet server. The web wallets are accessible through the internet and are hosted by third-party servers. The corporation that runs the servers and exchanges could shut down or get access to your private keys, which can be risky.
  • Hardware Wallet: Hardware wallets are physical devices that are popularly termed as “cold wallets” or “cold storage wallets.” They look quite similar to a USB stick. This type of wallet for crypto stores your private key for managing your cryptocurrency on a blockchain. Also, one of the safest options to store cryptocurrency because they’re not connected to the internet. Without this gadget, a hacker halfway over the world will be unable to access your crypto.

10 Best CryptoCurrency Wallet Apps in India

Wallet NameTypeSupported CryptocurrenciesSecurity FeaturesPlatformMinimum Trade Value
BinanceExchange WalletMultipleTwo-Factor Authentication (2FA), Cold Storage, Withdrawal WhitelistsWeb, Android, iOSINR 1500
WazirXExchange WalletMultipleTwo-Factor Authentication (2FA), Cold Storage, IP WhitelistingAndroid, iOSINR 100
Ledger NanoHardware WalletMultipleOffline Storage, PIN Protection, Recovery Seed PhrasePC, Android, iOSNo Minimum Amount
CoinbaseExchange WalletMultipleTwo-Factor Authentication (2FA), Insurance, Hot and Cold WalletsAndroid, iOSINR 1
ZenGoMobile WalletMultipleBiometric Authentication, Keyless Wallet, Multi-SignatureWeb, Android, iOSINR 2500
CoinDCXExchange WalletMultipleTwo-Factor Authentication (2FA), Cold Storage, Withdrawal WhitelistsAndroid, iOSINR 500
BuyUcoinExchange WalletMultipleTwo-Factor Authentication (2FA), Cold Storage, IP WhitelistingWeb, Android, iOSINR 100
ZebPayExchange WalletMultipleTwo-Factor Authentication (2FA), Cold Storage, Withdrawal WhitelistsWeb, Android, iOSINR 100
UnocoinExchange WalletBitcoinTwo-Factor Authentication (2FA), Cold StorageWeb, Android, iOSINR 1000
Guarda Wallet Multi-CurrencyMultipleEncrypted Private Keys, Multi-Platform Support, Backup OptionsWeb, MacOS, Windows, Debian, Android, iOSINR 100

1. Binance

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

4.6

Starting Price

Price on Request

Binance Features

Crypto Currency InterfaceIt offers both simple and complex crypto trading exchange interfaces
StorageBinance provides a safe place to store your digital valuables.
Cryptocurrency SupportedBTC, BTG, ETH, DASH, ADA, XRP, NEO, TRX, etc.
Supported OSAvailable on web, iOS, and android.
Deposit FeesNo Fees Required
Withdrawal FeesDepends on the type of cryptocurrency
KYCRequired
Minimum TradeINR 2500
Trading BotsBots can help you create automated trading strategies
Copy TradingHelps to copy the positions of another trader when they are opened and closed
P2PPurchase and sell cryptocurrencies via the bank transfer.

Binance Pros and Cons

Pros

  • In-built exchange facility
  • Multi-crypto support
  • Lower transaction fees on exchange

Cons

  • The platform is sophisticated and could be confusing
  • This app has some regulatory concerns in multiple countries

Binance Fee Type Structure

Fee TypeFee
Fiat depositFree
Fiat withdrawal1.00%
Crypto DepositFree
Crypto Withdrawal1.72%

2. WazirX

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.

WazirX Features

KYCKYC will be conducted within a few hours of signing up by identity verification systems.
P2P TradingIt allows P2P trading with no crypto trading fees.
Transaction Processing feesIn a matter of seconds, this digital currency wallet can process millions of transactions.
Supported OSAvailable on Android, Google Play, iOS, Windows, and Mac.
Cryptocurrency SupportedBitcoin, Ethereum, Ripple, Zilliqa, Tron, and 100+ other cryptocurrencies.
Deposit FeesNo Fees Required
Withdrawal feesThere is a cost of 0.0005 BTC for each Bitcoin withdrawal. No fee for INR withdrawals
Payment MethodsBank Transfer, UPI, NEFT & RTGS, and IMPS.
Minimum TradeINR 50
Stop-Limit OrdersPlace advanced orders like stop-limit orders to automate your trading strategy
INR Deposits & WithdrawalsDeposit and withdraw Indian Rupees (INR) directly using secure payment gateways
QuickBuyOption to buy and sell your favorite cryptocurrencies quickly.
Referral EarnInvite friends and earn up to 50% of their trading fees

WazirX Pros and Cons

Pros

  • Highly secure and affordable wallet
  • Supports NFT as well

Cons

  • It is a hardware wallet, so there is always a chance of losing it
  • Less convenient than mobile or digital wallets

WazirX Fee Type Structure

WazirX Fee TypeFee
Fiat DepositFree
Fiat Withdrawal35.12 1INCH
Crypto DepositFree
Crypto WithdrawalFree

3. Ledger Nano

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.

Ledger Nano Features

Hardware WalletsLedger hardware wallets come with a certified secure chip and a unique operating system.
InterfaceIt is user friendly.
Tokens Handled1,800+
KeysYou can utilise both public and private keys.
Supported OSWindows, Mac OS X, and Linux are all supported systems
Cryptocurrency SupportedBitcoin, Dogecoin, Cardano DASH, Binance Coin, Ethereum, EOS, and 5000+ others.
Deposit FeesEvery transaction is associated with a network fee, which can be high, low or standard.
Payment MethodsCredit card, BitPay, PayPal, and crypto.com Pay.
KYCNot required
Minimum TradeINR 100

Ledger Nano Pros and Cons

Pros

  • Highly secure and affordable wallet
  • This wallet now supports NFT as well

Cons

  • It is a hardware wallet, so there is always a chance of losing it
  • Less convenient than mobile or digital wallets

Ledger Nano Fee Type Structure

Fee TypeFee
Fiat DepositFree
Fiat Withdrawal35.12 1INCH
Crypto DepositFree
Crypto WithdrawalFree

Suggested Read: Best Crypto Payment Gateway in India to Accept Bitcoin

4. Coinbase Bitcoin Wallet

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

4.4

Starting Price

Price on Request

Coinbase Bitcoin Wallet Features

InterfaceThe user interface is vibrant and easy to use.
SecurityCoinbase has earned a reputation for being a safe location to purchase and sell cryptocurrency.
AwardsAs customers complete training, Coinbase awards them with cryptocurrency
Supported OSAvailable on Web, iOS, and Android.
Cryptocurrency SupportedBitcoin, Ethereum, Dogecoin, Binance Coin, Dai, Maker, USDC, Tezos, Tether, Aave, Uniswap, Kyber Network, The Sandbox, Paxos Standard.
Deposit FeesFree
Withdrawal fees0.5% to 4.5% depending on payment method
Payment MethodsBitcoin, Ethereum, USD Coin, Debit or Credit card, Apple Pay, Bank transfer.
KYCRequired
Minimum TradeINR 1

Coinbase Pros and Cons

Pros

  • Incorporates a native NFT market
  • Quick withdrawals of cryptos

Cons

  • More expensive fees compared to other bitcoin exchanges

Coinbase Fee Type Structure

Fee TypeFee
Fiat Deposit for ACHFree
Fiat Withdrawal for ACHFree
Crypto DepositBased on the asset network
Crypto WithdrawalBased on prevailing network fees

5. ZenGo

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

ZenGo Features

Keyless Cryptocurrency WalletEnable you to choose the right options. Instead, you can maintain control over your finances without having to remember a slew of passwords.
Countries SupportedZenGo can be used to buy cryptocurrency in 188 countries.
Investment TrackerYou can keep track of your investments in real time. To find out where you stand, simply open your ZenGo app.
Supported OSAvailable on Web, iOS, and Android.
Cryptocurrency SupportedBitcoin, Ethereum, Dogecoin, Binance Coin, Dai, Maker, USDC, Tezos, Tether, Aave, Uniswap, Kyber Network, The Sandbox, Paxos Standard.
Deposit FeesFree
Withdrawal feesDepends on the type of cryptocurrency
Payment MethodsBitcoin, Ethereum, USD Coin, Debit or Credit card, Apple Pay, Bank transfer
KYCRequired
Minimum TradeINR 2500

ZenGo Pros and Cons

Pros

  • Comes with DeFi and Web3 compatibility for NFTs
  • You can buy and sell cryptos within this app
  • It comes with top-notch security features

Cons

  • It’s only a mobile-exclusive app
  • Customer support is way too slow

ZenGo Specification

Fee TypeFee
Fiat Deposit % of total amount to be converted
Fiat Withdrawal % of total amount to be converted
Crypto Deposit Free
Crypto Withdrawal Free

6. CoinDCX

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

4.5

Starting Price

Price on Request

CoinDCX Features

Data EncryptionEncrypt all your data to keep your passwords and personal information safe.
Cryptocurrency TypeCoinDCX is a decentralized cryptocurrency.
Money KeptMost of the money on our platform is kept in cold wallets
SecurityIt’s a secure and straightforward approach to building a solid crypto portfolio.
Supported OSAvailable on iOS and Android.
Cryptocurrency SupportedBitcoin, Tether, Ethereum, Shiba Inu, XRP, Solana, etc.
Deposit FeesFree
Withdrawal FeesDepends on the type of cryptocurrency
Payment MethodsCredit card or debit card, bank transfer (ACH), UPI.
KYCRequired
Minimum TradeINR 500

ConDCX Pros and Cons

Pros

  • Trading in crypto currency is quick and simple with low fees
  • It is a safe and secure software to build a cryptocurrency portfolio
  • Low commission fees

Cons

  • You can trade only with INR as a fiat currency.

CoinDCX Fee Type Structure

Fee TypeFee
Fiat DepositFree
Fiat WithdrawalFree
Crypto DepositFree
Crypto WithdrawalDepends on the cryptocurrency

Suggested Read: Best Cryptocurrency Exchange Software Companies for Crypto Trading

7. BuyUcoin

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.

BuyUcoin Features

KYCYou can complete your KYC in under a minute and begin trading.
Friends InviteInvite your friends to join you to earn free Bitcoin.
Affiliate and Referral ProgramBuyUcoin provides an affiliate and referral program where you can earn up to 50 percent commission on cryptocurrency trading.
Cryptocurrency AdditionYou can effortlessly add cryptocurrency or Indian rupees to your digital wallet.
Supported OSAvailable on Web, iOS, and Android.
Cryptocurrency SupportedETH, BTC, BNB, SOLANA, TETHER, ADA, XRP, DOGE, DOT, LTC, SHIB, etc.
Deposit Fees2% deposit fees
Withdrawal feesDepending on the crypto coin you want to withdraw.
Payment MethodsBank Transfer, BHIM UPI, Net banking, etc.
KYCRequired
Minimum TradeINR 100

BuyUcoin Pros and Cons

Pros

  • Access to live and real-time crypto market within the app
  • You can earn scratch card while you do transactions and later it can be redeemed into Bitcoin
  • Daily market updates for investing

Cons

  • The KYC verification takes a lot of time
  • Available for only Indian investors and in Indian currency

BuyUcoin Specification

Fee TypeFee
Fiat Deposit Free
Fiat Withdrawal for BTC 0.00026 BTC
Crypto Deposit Free
Crypto Withdrawal for BTC 0.00026 BTC

8. ZebPay

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.

ZebPay Features

SecurityEnsure the highest level of security so you can trade cryptos without worry.
IntuitiveIt has a simple ZebPay app and wallet.
Mobile AppMake payments in a flash using the mobile app.
Cold Wallets98% of ZebPay’s cryptos are kept in cold wallets.
Multi-Chain SecurityIt allows for the creation of a world-class multi-chain security solution.
Supported OSWindows, Android, and iOS.
Cryptocurrency SupportedDOGE, 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 FeesThere is a flat ₹10 fee for all withdrawals and 0.0006 BTC for Bitcoin withdrawal.
Payment MethodsBank transfer, net banking, and UPI.
KYCRequired
Minimum TradeINR 100

ZebPay Pros and Cons

Pros

  • ZebPay is available in 160+ countries
  • Offers low commission for intraday trading in cryptocurrency
  • No commission on depositing any currency (Both Crypto and Fiat).

Cons

  • You can only trade in 6 crypto outside India
  • You will be charged fees if your account is inactive

ZebPay Fee Type Structure

Fee TypeFee
Fiat Deposit Free
Fiat Withdrawal Free
Crypto Deposit Free
Crypto Withdrawal Free

9. Unocoin Bitcoin Wallet

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.

Unicoin Bitcoin Wallet Features

User privacyUser privacy is prioritized in the wallet. Unicoin collects personal information to quickly identify you.
Offline StorageMost 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.
Security2 factor authentication adds protection against hacking attempts.
Fund TransferMove your funds to secure wallets if you don’t plan on making frequent trades.
Supported OSAvailable on Web, iOS, and Android.
Cryptocurrency SupportedBitcoin, Ethereum, Dogecoin, Shiba Inu, Fantom, Litecoin, Ripple, Bitcoin Cash, EOS, Stellar, and more.
Deposit FeesDepends on the type of cryptocurrency
Withdrawal FeesUp to 0.7%
Payment MethodsBank transfer, net banking, and UPI.
KYCRequired
Minimum TradeINR 1000

Unocoin Pros and Cons

Pros

  • Simple and straightforward process to buy and sell cryptos
  • There are also options to lend cryptos
  • Advanced privacy and security measures

Cons

  • Only a few coins are available to trade
  • Transfers between cryptocurrencies are expensive

Unicoin Fee Type Structure

Fee TypeFee
Fiat DepositFree
Fiat WithdrawalFree
Crypto Deposit for BTC0.5%
Crypto Withdrawal for BTC0.5%

10. Guarda Wallet

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.

Features of Guarda Wallet

Data EncryptionIt protects its users’ confidential data with encryption technology.
Users SupportedIt allows two or more users to sign transactions thanks to its multi-signature functionality
Built-in Exchange ToolUsers can use built-in exchange tools to convert currencies and perform quick crypto transactions.
Supported OSWeb, Linux, Windows, macOS, iOS, Android, and Chrome Extension versions.
Cryptocurrency SupportedBinance Coin, Bitcoin, Ethereum, Cardano, Dogecoin.
Withdrawal FeesCustomizable transaction fees, 3.5% crypto purchase fee
Payment MethodsBank transfer, Net banking, and UPI
KYCRequired
Minimum TradeINR 100

Guarda Pros and Cons

Pros

  • 40,000+ crypto assets supported across 50+ blockchains
  • You can simply purchase, trade, borrow, and earn cryptocurrency

Cons

  • Comparatively high in-app purchase price for cryptocurrencies

Guarda Fee Type Structure

Fee TypeFee
Fiat Deposit2%
Fiat Withdrawal2%
Crypto Deposit0.5%
Crypto Withdrawal0.5%

How to Set Up a Crypto Wallet?

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.

How Does Crypto Wallet Work?

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.

Benefits of Using a Crypto Wallet

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:

  • Security: Cryptocurrency wallet in India use advanced encryption techniques to securely store your digital assets. Private keys are generated and stored locally, giving you control over your funds and protecting them from online threats.
  • Accessibility: With a safest crypto wallet, you can access and manage your digital assets anytime and anywhere as long as you have an internet connection. This allows for convenient transactions and monitoring of your cryptocurrency holdings.
  • Ownership and Control: Enable users to have full ownership and control over their digital assets. Unlike traditional financial systems, cryptocurrencies are decentralized, meaning no central authority controls or restricts access to your funds.
  • Privacy: Cryptocurrency app wallets offer varying levels of privacy depending on the type of wallet used. Some provide enhanced privacy features like stealth addresses or coin mixing, which help protect your identity and transaction history.
  • Diverse Transactions: Crypto wallets support various types of transactions beyond simply sending and receiving funds. You can engage in activities like staking, lending/borrowing, decentralized exchange trading, participating in token sales (ICOs), or earning passive income through DeFi protocols.
  • Portfolio Management: Many crypto wallets provide portfolio tracking features that allow you to monitor the value of your holdings in real-time across different cryptocurrencies and tokens.
  • Cross-Border Transactions: Enable fast & low-cost cross-border transactions without relying on mediators like banks or remittance services.
  • Opportunity for Investment: Opens opportunities for investing in different cryptocurrencies and participating in the growth of digital asset ecosystem.

Disadvantages of Using Crypto Wallets in India

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: 

  • Illegality Issues: Because cryptocurrency transactions are extremely private and secure, it is difficult for authorities to track individuals through their wallet address or monitor their data. Bitcoin has frequently been utilized in illegal activities, like buying drugs on the dark web, making it one of the major drawbacks of cryptocurrency.
  • Potential Ban: There have been discussions of banning or heavily regulating cryptocurrencies in India. If such a ban were to be enforced, it could render crypto wallets useless and potentially result in loss of funds.
  • Lack of Consumer Protection: Unlike traditional banking systems, cryptocurrency transactions are often irreversible. If you encounter any fraudulent activities or technical issues with your crypto wallet, no consumer protection mechanism is available currently in India.
  • Limited Acceptance: Although the acceptance of cryptocurrencies is growing globally, it remains relatively limited within India. Finding merchants or service providers who accept cryptocurrencies as payment may be challenging, making it difficult to utilize your funds effectively.
  • A Few Hold All the Power: Despite the decentralized nature of cryptocurrencies, developers and selected organizations still have control over the market flow and supply of certain currencies. These crypto holders can easily manipulate the coin, leading to significant price fluctuations. Even widely traded coins like Bitcoin, which experienced a value increase of over 100%, are vulnerable to these tactics.

Different Types of Crypto Exchanges

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:

  • Centralized Exchanges (CEX): This is one of the most common types of cryptocurrency exchanges where the company offers a platform for you to trade cryptocurrencies. It acts as a middleman between buyers and sellers for trading purposes. Examples include Binance, Coinbase, Kraken, etc.
  • Decentralized Exchanges (DEXs): DEXs operate on a peer-to-peer (P2P) network, eliminating the need for a central intermediary. Users directly trade cryptocurrencies with each other using smart contracts on a blockchain network. Examples include Uniswap, SushiSwap, PancakeSwap, etc.
  • Hybrid Exchanges: Hybrid exchanges attempt to combine the benefits of CEXs and DEXs. They offer a user-friendly interface like a CEX, but transactions might be settled on a decentralized blockchain network for improved security. Examples include Qurrex and Nash.
  • Derivatives Exchanges: These exchanges let you trade contracts that derive value from the performance of an underlying asset instead of trading the asset itself. They generally support margin trading and futures contracts. Some examples include BitMEX and Bybit.

How We Selected the Best Cryptocurrency Wallet in India

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.

  • Defining Our Criteria: Our journey began with a clear understanding of your needs, for the best Indian crypto wallet app. We wanted to pinpoint key features, as well as address common concerns faced by crypto enthusiasts. To achieve this, we reached out to experts & gathered insights from the wider community.
  • Researching the Options: We scoured the web, checked reviews, and considered user feedback. Some of the standout names that emerged included Binance, Coinbase, Ledger Nano, and WazirX, among others.
  • Creating a Refined List: Recognizing that you don’t have time to evaluate every wallet out there, we distilled our findings into a shortlist of options that aligned closely with your needs.
  • In-Depth Evaluation: We took each wallet on our shortlist for a test drive, and assessed features and functionalities. We aimed to ensure that the wallets we recommend are not only secure but also user-friendly and caters to various preferences and needs.
  • User Experience Matters: We understand that simplicity is the key when it comes to managing your cryptocurrencies. To determine the user-friendliness of each wallet, we enlisted a group of cryptocurrency enthusiasts to put them through their paces. Their valuable feedback helped us gauge how intuitive and accessible each wallet truly is.
  • Community and Support: Lastly, we explored the strength of each cryptocurrency wallet community and its support resources. We checked for active forums, documentation, and responsiveness from their support teams.

By following this rigorous selection process, we wanted to provide you with the best options for your cryptocurrency wallet needs in India.

Conclusion

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.

Crypto Wallet FAQs

  1. How can I open a crypto wallet in India?

    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.

  2. Is crypto legal in India?

    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.

  3. Which crypto wallet has the cheapest fees?

    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.

  4. Which wallet has the lowest withdrawal fee?

    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%.

  5. What is the safest Crypto Wallet app?

    These are some of the best and safest Bitcoin wallets:
    1. Coinbase
    2. Ledger Nano X
    3. Zengo
    4. Binance

  6. Where should I store my crypto?

    Cold storage, also known as offline wallets, is one of the safest ways to store bitcoin because these are not accessible over the internet.

  7. Are bitcoin wallets free?

    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.

  8. What is a Blockchain Wallet?

    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

  9. Where should I store my crypto?

    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.

  10. Are crypto wallets free?

    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.

  11. Are crypto wallets safe?

    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.

  12. How to create Bitcoin wallet in India?

    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.

  13. Which crypto wallet is best in india?

    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.

Published On: April 12, 2022
Techjockey Team

The Techjockey content team is a passionate group of writers and editors dedicated to helping businesses make informed software buying decisions. We have a deep understanding of the Indian software market and the challenges that businesses face when choosing the right software for their needs. We are committed to providing our readers with high-quality, unbiased content that is both informative and engaging. We believe that every business deserves to have access to the information they need to make smart software choices. Our team consists of experienced writers and editors with expertise in a wide range of industries. We are constantly researching the latest software trends and developments, and are always up-to-date on the latest industry news. We are passionate about helping businesses succeed and make informed software-buying decisions based on clear, unbiased comparisons and reviews. Our dedication to accuracy, objectivity, and value ensures that you receive concise, relevant content.

Share
Published by
Techjockey Team

Recent Posts

How Xoriant Corporation Made It Hiring Process More Effective?

Introducing Xoriant Corporation, leading player in the era of product development, engineering, and consulting… Read More

November 13, 2024

How to Use VPN to Access the Dark Web?

The dark web is a part of the internet that isn't indexed by standard search… Read More

November 11, 2024

How to Spot and Address Your Sales Pipeline Bottlenecks?

A strong sales pipeline is indispensable for the expansion of every business organization. It's simply… Read More

November 11, 2024

How to Track Cookies on A Website?

In our earlier blogs, we have already discussed website cookies. Now, we will try to… Read More

November 11, 2024

10 Best Free Remote Desktop Software

Remote desktop software, which is also known as remote access software, allows users to interact… Read More

November 11, 2024

What Makes Human Resource Planning Crucial for Business Growth?

Human resource planning is the simplest way to describe strategy for ensuring that the… Read More

November 8, 2024