10 Safest Crypto Wallets in India 2022

10 Safest Crypto Wallets in India 2022-feature image
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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 crypto wallets are packed with features that make trading cryptocurrency easier. However, with so many alternatives, choosing one option might be tough.

This article will tell you everything about crypto wallets, how it works and top 10 safest crypto wallets in India.

What Is a Crypto Wallet?

Crypto wallet is a software programme 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.

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 crypto wallets 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 Wallets Work?

Crypto wallets are available in the form of software and hardware. Both these types of crypto wallets ensure a secure access to your cryptocurrency.

A crypto wallet 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 decentralised cryptocurrencies.

What is a Blockchain Wallet?

What is 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? A Complete Cryptocurrency Guide For Beginners

Types of Bitcoin Wallets

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

  • Desktop 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 is if someone hacks your computer when it is connected to the internet.

  • Mobile Wallet

    Bitcoin mobile wallets are apps that may be downloaded from the Google Play or Apple Store. App wallets are helpful for making smaller payments or paying for everyday items using bitcoins. It provides the same level of security as your smartphone.

  • Web Wallets

    Your private keys are stored on the servers of web bitcoin wallets. Crypto exchanges that provide accounts or wallets are web wallets that hold your bitcoins on their servers. 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 Crypto wallet stores your private key for managing your cryptocurrency on a blockchain.

    Hardware wallet is one of the safest options to store cryptocurrency because it is 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

  • Binance

Binance cryptocurrency wallet

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 Features

  • It offers both simple and complex crypto trading exchange interfaces.
  • It is one of the top cryptocurrency wallets in India, with 24*7 available help.
  • Binance provides a safe place to store your digital valuables.
  • Available on web, iOS, and android.

Cryptocurrency Supported: BTC, BTG, ETH, DASH, ADA, XRP, NEO, TRX, etc.

Deposit Fees: No Fees Required

Withdrawal fees: Depends on the type of cryptocurrency.

Payment Methods: Credit or Debit Card, Cryptocurrency, Koinal, etc.

KYC: Required

Minimum Trade: $10

  • WazirX

Wazirx crypto wallet

WazirX Multi-Cryptocurrency Wallet is considered as one of India’s best crypto wallets. 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:

  • KYC will be conducted within a few hours of signing up by identity verification systems.
  • It allows P2P trading with no crypto trading fees.
  • In a matter of seconds, this digital currency wallet can process millions of transactions.
  • 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.

KYC: Required

Minimum Trade: INR 100

  • Ledger Nano

Ledger is the best wallet for crypto

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.

Ledger Nano Features

  • Ledger hardware wallets come with a certified secure chip and a unique operating system.
  • It is user friendly.
  • The wallet lets you handle over 1,800 tokens and cryptocurrencies.
  • You can utilise both public and private keys.
  • Secure chip and a unique operating system.
  • Windows, Mac OS X, and Linux are all supported systems.

Cryptocurrency Supported: Bitcoin, Dogecoin, Cardano DASH, Binance Coin, Ethereum, and EOS.

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

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

  • Coinbase Bitcoin Wallet

Coinbase

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 that logs into your account is legitimate.

Coinbase Bitcoin Wallet Features

  • The user interface is vibrant and easy to use.
  • Coinbase has earned a reputation for being a safe location to purchase and sell cryptocurrency.
  • As customers complete training, Coinbase awards them with cryptocurrency.
  • Coinbase is geared toward newbies, whereas Coinbase Pro is geared toward more experienced traders.
  • 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: $2

  • ZenGo

Zengo

ZenGo Wallet is a non-custodial mobile cryptocurrency wallet. It considers threshold signatures over private keys. This crypto wallet generates mathematical secret shares on your phone and your servers.

ZenGo Features

  • It has developed a keyless cryptocurrency wallet to enable you to choose the right options. Instead, you can maintain control over your finances without having to remember a slew of passwords.
  • ZenGo can be used to buy cryptocurrency in 188 countries.
  • You can keep track of your investments in real time. To find out where you stand, simply open your ZenGo app.
  • 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: $100 USD or 100 EUR

  • CoinDCX

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 Features:

  • Encrypt all of your data to keep your passwords and personal information safe.
  • CoinDCX is a decentralised cryptocurrency.
  • Trading in crypto currency is quick and simple with low fees.
  • It is a safe and secure method to build a cryptocurrency portfolio.
  • The majority of the money on our platform is kept in cold wallets.
  • It’s a secure and straightforward approach to building a solid crypto portfolio.
  • Available on iOS and Android.

Cryptocurrency Supported: Bitcoin, Tether, Ethereum, Shiba In,u 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 100

Suggested Read: Best Cryptocurrency Exchange Software Companies for Crypto Trading

  • BuyUcoin

Buyucoin

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:

  • You can complete your KYC in under a minute and begin trading.
  • Invite your friends to join you to earn free Bitcoin.
  • BuyUcoin provides an affiliate and referral program where you can earn up to 50 percent commission on cryptocurrency trading.
  • You can effortlessly add cryptocurrency or Indian rupees to your digital wallet.
  • 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 20

  • ZebPay

Zebpay

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:

  • Ensure the highest level of security so you can trade cryptos without worry.
  • It has a simple ZebPay app and wallet.
  • Make payments in a flash using the mobile app.
  • 98% of ZebPay’s cryptos are kept in cold wallets.
  • It allows for the creation of a world-class multi-chain security solution.
  • Its security is a proprietary Omnitrixx product.
  • The coins held in ZebPay cannot be hacked or accessed from a single location.
  • Available on 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
  • ₹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

  • Unocoin Bitcoin Wallet

Unocoin

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 privacy is prioritised in the wallet. Unicoin collects personal information to quickly identify you.
  • 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.
  • 2 factor authentication adds protection against hacking attempts.
  • Move your funds to secure wallets if you don’t plan on making frequent trades.
  • 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 100

  • Guarda Wallet

Guarda wallet

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.

Guarda Wallet Features

  • Guarda Wallet offers web-based, desktop-based, and mobile-based wallets.
  • It protects its users’ confidential data with encryption technology.
  • It allows two or more users to sign transactions thanks to its multi-signature functionality.
  • This guarantees the highest level of protection and secure wallet transactions.
  • Users can also use the built-in exchange tool to convert currencies and perform quick crypto transactions.
  • Available on 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

Suggested Read: Compare Best Software Available in the Market

FAQs

  1. How can I open 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. What is the best and safest Bitcoin wallet?

    Coinbase is one of the most trusted crypto wallets across the world. Among hardware crypto wallets, Trezor and Ledger are quite popular. Robinhood wallet is good for buying and selling in Crypto for free.

  7. What is the best mobile crypto wallet?

    ZenGo, BuyU, WazirX are among the best mobile crypto wallets in India.

  8. 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.

  9. 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.

Related Categories: CryptoCurrency Exchange Software | Stock Market Software | Financial Management Software

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