Looking for a best bitcoin wallet in India? Great! You have reached the right place.
Want to double your bucks overnight? or Want to get the maximum returns of your investments?
The first thing that comes to mind is Bitcoin, as in the last year, Bitcoin gained massive widespread acceptance and even touched the trillion mark.
If you don’t like platform bounded or time bounded stocks at a stock brokerage for buying and selling, then cryptocurrency is best the choice for you.
You can withdraw your cryptocurrencies from your crypto exchange and store them in a different crypto wallet anytime.
But, not all Bitcoin wallets are best. You have to pick the best wallet to make, manage and secure your Crypto portfolio.
Well, if you’re looking for a perfect wallet to buy and store your Bitcoin or any other cryptocurrencies, then there are several things like the number of Coins, deposit/ withdrawal, platform supports and many more that you need to check before choosing any Wallet.
After checking several crypto wallets, we filtered a list of the ten best crypto wallets for you regarding cost, fees, UI, listed cryptocurrencies, and more.
So, let's check out these wallets and find out why you should go with them.
List Of 10 Best Bitcoin Wallet In India (2022)
1. Binance
Binance is the most popular and largest cryptocurrency exchange globally, where trading operations are based on trading volume.
It was initially established in Hong Kong, and all its terms are still managed and regulated by Hong Kong law.
At Binance, you get the most demanding features like derivatives, options, staking, SIPs and many more. Everything combined looks like a perfect place to trade and store your Bitcoin.
Why Choose Binance?
Lot more than you can imagine, instead of asking why Binance, one should ask why not Binance. My personal favorite and best trading platform to trade and store cryptos. Using its best features, many individuals touched the million-dollar capital mark.
2. Coin Switch
CoinSwitch Kuber is one of the most popular crypto exchanges in India, with a high INR pair trade offering. Launched in 2017, it now has more than 7.5 million active traders.
You can trade in over 100+ cryptocurrencies, including famous names like Polygon, Ethereum, Dogecoin, Avalanche, LUNA and more. Coin Switch is also linked to many other wallet services as well.
It's best for beginners as it offers a simple registration and an easy KYC process
Once your KYC is verified, you get wide trading rates and plenty of pair trading paper choices. Moreover, the platform has no charge on deposits and withdrawals. You get a superfast withdrawal in almost no time.
Why Choose Coin Switch?
If you like INR pair trading and want an Indian trust, go for this Bitcoin wallet. It also offers very minimal fees on crypto trading and transfer.
3. Trust Wallet
Trust wallet bitcoin is a popular app-based wallet to store Bitcoins and other cryptos.
It is among the oldest crypto-storing wallets to store popular cryptos like Ethereum, Litecoin, Ripple and other popular blockchains projects.
Recently, Trust wallet partnered with Binance and later became the official cryptocurrency wallet of Binance.
This partnership makes crypto trading and storing super easy.
Trust wallet sets a private key and biometrics to protect your digital assets from unauthorized hands and fraudsters. Sending and receiving Bitcoin using a simple QR is only possible with Trust Wallet.
Why Choose Trust Wallet?
There are no charges for downloading and using the Trust Wallet app. But you need to pay a network transaction fee every time you send any cryptocurrency.
4. Zebpay
Zebpay is a multi-cryptocurrency exchange where you can trade on your favorite coin pair very quickly.
Still, now it has started offering the facility of a crypto wallet to store Bitcoin and other cryptos.
Zebpay is back in operation following the RBI issued circular banning regulated financial institutions. That says providing services to businesses dealing with cryptocurrency.
Cryptos are stored in Zebpay with a private key and not specifically in a cryptocurrency wallet. Zebpay also allows your easy transfer of stored cryptos to any other exchange or wallet that belongs to you with zero fees.
Transfer fees are applicable when you transfer crypto to a different wallet. Zebpay uses the HSM(Hardware Security) to store all your purchased and crypto assets in cold wallets as cold wallets come with high security.
And to protect all transactions, Zebpay also has a proprietary security protocol, Omnitrixx.
Zebpay only supports eight cryptocurrencies for storing, but when it comes to trading, it supports many different currency pairs.
Why Choose Zebpay?
Zebpay offers Rs. 0 charge for all trades you do in a month. It is the best bitcoin cryptocurrency wallet in India for those who make some trades in a day and, in the end, store the earned Bitcoin in a wallet.
For this fantastic feature, you have to pay a fee of 0.0001 BTC as a wallet maintenance fee. But don't worry, if you don't take trade in a month, you don't have to pay a single penny.
5. WazirX Wallet
When someone says crypto exchange based on Indian INR, this Multi-Cryptocurrency Wallet, WazirX, comes to mind first for its extra smooth buying and selling option and TradingView graph support.
Apart from buying and selling, WazirX provides a wallet facility as well. You can also connect your mobile-based crypto wallet to the WazirX exchange for easy asset transfer.
WazirX now is officially partnered with Binance (the best exchange in the world).
Registration on WazirX is entirely free with zero registration charge but a minimal charge on every trade you place.
WazirX allows you to trade over 200 pairs and store all the cryptocurrencies in the wallet. You also get the WazirX P2P option for easy buy/sell. You can also withdraw or deposit funds from your bank account directly.
To ensure security, it supports two-factor authentication like Google authenticator to avoid any illegal sign-in or access.
Why Choose WazirX?
The best part about WazirX is that it does not charge any fees for deposits, and even the charge on withdrawal is relatively minimal (only when you withdraw INR to a bank account). The buying and selling gap on WazirX is much less than other INR supporting exchanges.
6. Coinbase
If you are a beginner in Bitcoin trading or cryptocurrency, then Coinbase Wallet is an excellent wallet for you.
Coinbase allows you to connect your account for easy withdrawal or deposit and has a smooth, lag-free interface for easy navigation and immediate actions.
This simple three-tab layout helps users to identify functions and use them when required quickly.
After the recent update, Coinbase Wallet can now store digital collectables. Also, Coinbase supports more than 500 crypto assets, which is the highest among all hot wallets.
Why Choose Coinbase Wallet?
The vast number of Crypto assets and excellent UI makes it a perfect Bitcoin wallet for beginners. It is highly secure on mobile and tablet devices and has minimal trading fees. Apart from crypto, you can also trade in NFT. Well, this is something unique and exciting to check.
7. Blockchain.com Wallet
Blockchain.com is a quick and accurate online cryptocurrency exchange platform. This platform gives you some best features like margin trading and instant matching engines.
Every trade on Blockchain.com is not profitable, but major trades end with profit if you follow perfect buying and selling strategies.
If you want a wallet to store your favorite assets and not a trading platform, then Blockchain.com has a digital blockchain wallet for this with a very high 13.5% interest on stored crypto funds.
To maintain the blockchain economy, the blockchain wallet is best for storing digital currencies and other crypto lending services.
Why Choose Blockchain.Com Wallet?
If you like storing your Bitcoins with a 13.5% high-interest rate, then Blockchain.com wallet is best for you. Also, the trading feature given on the website allows traders to show up their skills and book some fantastic profits.
8. BRD Crypto Wallet
BRD Wallet is the best wallet for those who like a good and simple interface for everything you want to do on the platform.
It’s even a good platform for those who wish to stake coins or run bots for most of their Bitcoin investing.
Apart from this, the BRD wallet provides you with the essential feature: buying crypto using a credit/debit card.
This feature in BRD wallet is facilitated by Simplex, the best credit card and debit card clearing solution for Bitcoin broker websites, Bitcoin exchanges and Bitcoin staking.
Just imagine having a wallet, no custodial key, only one key that's with you. Yes, the BRD wallet provides you with this feature.
Why Choose BRD Crypto Wallet?
If you like no custodial entry to your wallet, this crypto wallet is best for you, with only one single key for access. Also, if you were searching for a trusted wallet that supports credit and debit cards for crypto wallets, then go for it.
9. CoinDCX
CoinDCX is a multi-cryptocurrency exchange platform that offers trading in more than 200 different cryptos in many other pairs.
It originally started from Singapore and, in 2018, stepped in India with all INR trading pairs.
CoinDCX makes fund deposits and withdrawals easy with a minimal deposit charge and charges free on withdrawals.
The buying and selling gaps are even less than other exchanges with INR pairs. You can trade in your favorite cryptos and Alts anytime and place limit orders in Bitcoin and Ethereum.
Moreover, the registration is completely free and rewarding, you get. Rs. 100-300 of Bitcoin after completing your signup.
Why Choose CoinDCX?
If you like crypto trading in INR with almost negligible buying and selling gaps, then CoinDCX wallet is for you. Even you get an instant withdrawal and deposit feature here.
10. Exodus
When it comes to the most intuitive and appealing bitcoin wallet, then Exodus heeds the list with no competitor nearby.
Earlier, Exodus was only available in desktop-only wallets, but now it comes in both iOS and Android. Exodus is entirely compatible with Trezor wallets for instant exchanges and transfers.
Exodus supports three different device modes, but still, the wallet’s core offering is the desktop mode, and here it keeps on bringing new updates every two weeks.
Using Exodus’ gives you a wide range of crypto assets choices, like over 145. It's not the highest, but still, it's larger than many other advanced hot wallets.
Why Choose Exodus Wallet?
If you are looking for a good Bitcoin wallet on your desktop, this hot wallet is for you. It supports a vast number of cryptocurrency exchanges up to 145 and more.
The best part about this hot wallet is you can quickly deposit and withdraw funds 24X7 from many payment choices, including Apple pay.
Wallet Name | Best For- | Registration Fees | Mobile Version Available? | Custodial | Number of Coins |
Binance | lowest transaction fees | No | Yes | No | 50+ |
Coin Switch | Best for Mobile | No | Yes | No | 80+ |
Trust Wallet | Best for beginners | No | Yes | No | 1 Million+ |
Zeb Pay | Best in bitcoin | No | Yes | No | 132+ |
WazirX | Best in security | No | Yes | No | 100+ |
Coinbase | Best for beginners | No | Yes | No | 50+ |
Blockchain.com Wallet | Best in security | No | No | Yes | 145+ |
BRD Crypto wallet | Best for beginners | No | Yes | No | 85+ |
Coin dcx- | Best user-interface | No | Yes | No | 200+ |
Exodus | Best for desktop users | No | Yes | No | 138+ |
Do I Need A Crypto Wallet?
Yes, you do need a crypto wallet. Several surveys indicate or recommend purchasing or selling bitcoin or any other cryptocurrencies. For those who don't know, alongside bitcoin, there are many other cryptocurrencies as well.
While many exchanges provide or suggest crypto wallets for your use, to buy or trade bitcoin or other cryptocurrencies, you need to have a wallet address so that the digital currency can be transferred to your custody.
Almost all of the virtual wallets are secured through a passcode that the owner himself only knows, and it is strongly advised not to share your passcode with others and shall remain confidential.
Several other virtual platforms provide numerous other security features, for instance, encryption two-factor authentication alongside additional securities. An individual will have to choose among these alternatives.
Virtual wallets to store your bitcoin along with any additional cryptocurrency are available in a large number of formats. Every format comes with several pros and cons, primarily based on the simplicity of purchasing virtual coins and strict protection.
At last, it all comes down to the individual to protect the passcode, which will give you access to the virtual wallet so that it doesn't fall into the wrong hands. Else you might end up losing a lot of money, and you wouldn't want that, would you?
Nowadays, these wallets are available in a couple of categories: Hot Storage, as well as other, is Cold storage. Let's get into the details of these two categories individually.
- For Online Bitcoin Storage: Hot storage cryptocurrency wallets are promptly bound online to the internet connectivity, for instance, to an android application, a computer software program or a digital provider.
Therefore, it is known as hot storage. There is good news that every service is free to access. But, this benefit comes with some cons as well. All this free stuff comes with security issues.
As we all know, these all operate through internet connectivity, and there is a good chance these are vulnerable to digital fraud or theft.
For Offline Bitcoin Storage: A cold wallet is a minor one, and it is a compact device that is encrypted for security reasons that enable the individual to download and take your bitcoin in the digital wallet along with all the additional cryptocurrencies.
Cold wallets could amount to up to about $100. However, as the money is stocked offline and, therefore, the cold digital crypto storage, they are assumed to be relatively more protected than hot wallets.
How Do Crypto Wallets Work?
To purchase or sell the online digital cryptocurrency, the individual must have the digital wallet address to enable the transaction before buying or selling the Bitcoin or any other online cryptocurrency.
For those who don't know, a digital cryptocurrency wallet is a digital software program that comprises civil and confidential keys that are different for different digital currency owners.
These digital wallets enable you to engage with different blockchains, facilitating the individual not just to render investments and transactions but furthermore, observe the balance.
Whereas the civil key could be correlated to a username, a personal key could be linked to a passcode. It is, thus, crucial that consumers shouldn't disclose their keys.
As soon as an individual delivers cryptocurrency to another consumer, the receiver should conform the personal key with the public key to unlock the money and expend those possessed coins.
Whereas there is no trade of the coins or the digital cryptocurrency, the purchase rendered is indicated on the transaction history in the respective blockchain.
Consequently, this will alter the amount in the account of the sender as well as the receiver's digital wallet.
What Are The Different Kinds Of The Crypto Wallet?
Virtual Wallets to store bitcoin, as well as additional cryptocurrency, are available in several setups. All these are available with some pros and cons, based on the simplicity of practice to make purchases and sell the digital currency and the protection it provides.
However, in any format you choose, security won't matter unless and until you keep the passcode and other confidential details in a safe place and not share those with others which might eventually lead to digital theft or fraud as these allow access to your digital wallet.
Bitcoin digital wallets are available in a couple of broad categories: Hot storage or cold storage wallets.
Hot Storage
As mentioned earlier, the Hot storage crypto digital wallets are immediately related to internet connectivity, for example, your smartphone application, a computer software program or a digital service provider, and thus, they are known as hot storage.
All the given services are unrestricted to use, but it has their disadvantage as it works through online internet connectivity; they are vulnerable and exposed to digital or online fraud.
Whereas the cryptocurrency thievery becomes very known and makes its way to the headlines, the fact is that the trades, as well as digital wallet providers, seem to be improving on deterring crypto crime that had occurred earlier in the past.
Even with the thriving vogue of digital currencies, digital currency robbery plunged by 57% in 2020, as per the recent online survey by blockchain protection and an analytics company.
However, just as a wallet in your pouch, don't ever forget that the digital money in your virtual crypto wallet is the victim for the criminals, as we have a lot about crypto crime. You will lose a lot if you don't keep your wallet protected. So be careful about this.
Desktop Wallet
Computer wallets are applications that operate on your PC and stock up each digital cryptocurrency owned by you on your computer.
The benefit of a computer wallet is that you have exclusive custody of your reserves, so you don't need to bother about the third party that can freeze or forfeit your accounts.
However, protection of the same is your obligation, too. Hence, you will be required to protect and back up your digital wallet and ensure that your PC is protected from any malware from an unknown source that would jeopardise your reserves in your digital wallet.
Some of the well-known computer wallets are Bitcoin Core, BitPay, Exodus, Atomic Wallet and Electrum.
Mobile Wallets
Mobile wallets are android applications that operate on your android phone to stock and regulate your bitcoin reserves.
Mobile wallets for Apple smartphones and Android OS are vastly practical for one-to-one transactions and the usage of QR codes to complete the transaction rapidly to save more time.
Like desktop wallets, the individual is accountable for making a copy of all the data on your phone to protect your digital cash from loss, robbery or damage to the device.
Few well-known mobile wallets comprise GreenAddress Bitcoin Wallet, as well as Mycelium; Atomic Wallet, BitPay, and Exodus are also available on Android phones. So you could use these applications as well.
Web Wallets
Web wallets provide you with web-based wallets that can be utilised on the computer and mobile, not simultaneously, though. Still, they do not offer the full custody that conventional computer or mobile wallets offer.
Cold Storage
A cold wallet is a tiny, encoded compact appliance that enables you to download and hold your band and other cryptocurrencies.
Cold wallets could be as expensive as $100. However, as the reserves are stocked offline, thus the cold wallet is assumed to be highly protective compared to the hot digital wallet.
Cold wallet providers comprise:
- Trezor: This corporation provides tiny, key-size cold wallets that cost $60- $200.
- Ledger: Constructed as a thumb drive, Ledger retains cold wallets that vary in cost from nearly $60-$120.
How Much Does a Bitcoin Wallet Cost?
Well, using the digital crypto wallet wouldn't put any sort of burden on your pocket if you have stored bitcoin in the respective digital wallet.
However, if you finish payment, the acquirer of the trade or the device the digital wallet has been stored in will cost you some fees. This relies on what the user is attempting to achieve.
Whereas buying a digital wallet may cost you somewhere from $0-$200. This might even go more than $200.
In case you're utilizing the digital wallet as a fraction of your trade, then you will probably have to spend a flat fee which would cost a few dollars and, if not, then some % of the entire transaction.
Conclusion
Keeping physical money is good, but at the same time it's unsafe and potential investment when you are planning long. The same bucks when you invest in bitcoin then you get a blockchain security and a potential growing chance.
But before investing you should know the type of Bitcoin wallet that fulfills your requirement and that's what we discussed in this guide.
Check back if you missed out with something and make your bucks 2X and 3X and up to 100X with this rapidly growing crypto market. We also tried to answer all possible questions that a beginner or a professional may come up with.
Lastly, do let us know if you have any query with any of our listed wallets or which wallet is your smart pick.
I hope you liked our article on best bitcoin wallet in India, if you have any comments or suggestions do share them in the comments below.
frequently asked question
1. Which bitcoin wallet is best in India?
It is believed that coinbase is the safest bitcoin wallet amongst all the other digital wallets. The coinbase wallet stocks up your reserves in a protected vault for safety purposes. Also, you receive $5 as a registration bonus which you can invest in Bitcoin and hold as long you wish.
2. How to Add Funds to a Bitcoin Wallet?
To add funds to your Bitcoin wallet, just follow the below-listed steps:
- Make an account in the bitcoin exchange by filling out all the necessary details and getting your KYC done.
- It will take around 24 hours for your KYC to get approved.
- Once this is done, click on Add/Deposit funds.
- Then you'll see several options to add money. Choose as per your convenience.
- Then put the amount you need to deposit in the wallet. And then complete the transaction.
- Once the payment is completed, the funds will be added to your Bitcoin wallet.
3. Which crypto wallet has the lowest fees?
Many crypto wallets charge fees from their consumers. Some charge more than others, some demand significantly less, and sometimes it isn't essential. Let's see some wallets with the cheapest fees. Binance and Coinbase are said to have the lowest costs.
4. Is Coinbase wallet safe?
Coinbase is very safe to use. It is a simple, protected crypto wallet that employs US dollars or other local commanding currencies. You could safely stock crypto on Coinbase, and hence you don’t need to bother about governing your keys.
5. What are the risks?
For an investor investing in cryptocurrency, there may exist some sort of risk. It is the investment risk itself, that is, the risk of loss of all the money you had of the digital currency itself. Also, these digital cryptocurrencies had no fundamental significance, and thus they could hit rock bottom at any instant.
6. What are the legal ways to avoid taxes in Crypto?
Avoiding crypto taxes is pretty much like a hack, but this time it's legal. There are a few possible and legal ways to avoid taxes in crypto, these are-
- Buy crypto in an IRA
- Declare your crypto as income
- Offset crypto gains with losses
- Move to Puerto Rico
- Hold onto your crypto for the long term
- Give crypto gifts to your family
- Sell assets during a low-income year
- Donate to charity
7. How do I cash out Bitcoin from my wallet?
Cashing out your invested funds or profit returns is important to see what comes in hand after trusting this market for so long. Well, there are two best ways to transfer your crypto into your bank account.
- Directly by the P2P method. Here the crypto holder will send the requested crypto and get back the local currency in their bank account from the buyer.
- Cashing out cryptocurrency directly to your bank account by:
- Exchange your cryptocurrency for your local currency.
- Transfer the local currency to your bank account.
8. Which crypto has real world use?
Well, it's pretty tough to answer, as every coin the market is for a reason. But among all Bitcoin has the highest real world uses. Also, if you see the total market capitalization, user base, and popularity then also Bitcoin stands as the leading Crypto giant.
The next comes: Ethereum, which helps to create decentralized financial (DeFi) systems that's nothing but promote digital currency evolution.
