Wallets Overview
- eToro
- Binance
- OKX
- Ledger
- Coinbase
- Metamask
- Exodus
- Trust Wallet
- WazirX
- Coinomi
Best Crypto Wallets in India
After carefully reviewing the features of several wallet providers, we’ve come up with the 10 best crypto wallets in India. They include:
1. eToro
The eToro wallet app is recognized not only in India but worldwide. It allows investors to trade and store crypto, with over 100 supported cryptocurrencies.
Some of the cryptocurrencies the eToro wallet app supports include Bitcoin, BNB, and Ethereum. Also, the wallet supports meme coins like DOGE and Shiba Inu.
eToro has an in-built web wallet that provides real-time data on token prices. This helps Indian investors to keep track of their investments.
A feature that makes this wallet provider stand out is that the digital currency wallet connects to its exchange service. That means you can sell and buy crypto coins with the wallet anytime.
The minimum trade requirement on the eToro wallet app is only $10. This secure crypto wallet supports staking tools that allow investors to earn passively from crypto tokens.
Also, you can recover your wallet from this provider if you lose your security key. Losing your crypto tokens because you forgot a password can be a pain.
Pros:
- It has web and mobile wallets
- It offers staking tools
- It supports copy-trading
Cons:
- It is a custodial wallet, so eToro controls your private keys.
More details
eToro is a popular online trading platform for crypto assets, stocks, and ETFs, featuring low fees and a user-friendly interface. With a free eToro wallet and social features like messaging boards, users can copy experienced traders and access numerous assets. Take a look at what makes this platform perfect for starting your trading journey.
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Provides an attractive, communal atmosphere.
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Offers zero commission on ETFs.
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Extensive selection of educational resources.
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Mobile app with trading features.
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Smooth account opening and bank transfer.
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Limited number of cryptocurrencies.
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Limited customer support.
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No crypto-to-crypto trading pairs.
2. Binance
Binance is the world’s largest exchange based on trade volume. The exchange platform connects directly to a custodial wallet.
That way, you can easily fund your exchange account from your wallet, but the company controls your private keys.
Binance has several security measures in place to solve the problem of custodial wallets, such as device and IP listing.
That way, when logging in from an unrecognized device or country, there will be additional security checks to ensure your identity.
Binance Wallet supports over 350 cryptocurrencies and offers 0.1% commissions on trades. The crypto wallet is also protected by two-factor authentication.
Our experts believe Binance Wallet is the safest Bitcoin wallet in India.
This crypto wallet has an insurance fund to compensate users if their wallets are compromised. Hence, you can rest assured that your crypto tokens are safe. Binance crypto wallet supports staking, DeFi, and interest accounts.
Pros:
- It is protected by two-factor authentication
- It supports over 350 crypto tokens
- You can earn good APYs from staking and saving
Cons:
- This platform has experienced a hack
- It does not publish the percentage of funds in cold storage
More details
Binance is a great combination of low fees, deep liquidity and multiple cryptocurrencies and trading pairs. We have tested every aspect of it and it STILL holds its reign as the top exchange in the world. In our view, it is the perfect crypto exchange for both newbies and advanced traders alike.
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Biggest exchange in the world.
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Industry's lowest trading fees.
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Advance trading options like leverage trading.
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600+ crypto options, 150+ for the US.
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Lucrative on-site staking options.
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Hiccups in account verification.
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Less regulated than some competitors.
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The corporate structure is not transparently.
3. OKX
The OKX wallet is a decentralized wallet app available for mobile devices. It supports more than 50 blockchain networks and is anonymous. That means your private data will be protected.
The IOS and Android app has an in-built aggregator tool that connects to over 200 external dApps.
The aggregator tool offers the most competitive exchange rates. Users of this crypto wallet app can secure APYs of over 43% on ApeCoin.
This crypto wallet is one of the best crypto wallets in India because it supports an NFT marketplace where users can trade or collect NFTs.
OKX crypto wallet app is a non-custodial wallet, so you control your private keys. This crypto wallet provider has a browser extension alongside its mobile app.
Pros:
- You can earn substantial APYs on stablecoins
- It supports over 50 blockchains
- It is non-custodial and anonymous
- No requirements to register
Cons:
- Some yield farming pools bear limited liquidity
More details
OKX crypto exchange supports over 300 digital assets and over 80 fiat currencies. It is accessible in over 100 countries and territories across the world. It has one of the highest trading volumes in the crypto world and is a fantastic mobile app that offers all services on the go. The trading fees are very low. Its major drawback is its unavailability in certain countries.
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Supports numerous tokens.
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Great Mobile app.
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Extensive educational resources.
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Provision of multi-lingual services.
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Geographical limitation.
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KYC limitations.
4. Ledger
Ledger Nano is one of India’s best hardware wallets for long-term investors. Regarding safety, few crypto wallets work better than Ledger Nano.
Once you get a Ledger Nano wallet, you must set up a PIN to validate withdrawals. You must input the PIN whenever you want to move money from your hardware wallet.
If you forget your PIN, you can access your digital assets through your backup passphrase. You can also recover some assets with the passphrase if the hardware wallet is damaged or stolen.
We’ve noticed many people experience difficulties when they lose their PIN. The backup passphrase function of this Bitcoin wallet should keep you assured.
Ledger Nano is also a cold wallet as it does not connect to the internet. It is purely offline, which helps to reduce the risk of remote hacking. This cryptocurrency wallet supports all ERC20 and BEP20 tokens.
It has a large range of supported crypto, and you can manually add smaller market cap tokens. Ledger’s is a very effective non-custodial crypto wallet, costing between $79 and $279.
Pros:
- Best hardware wallet in India
- You can recover the hardware wallet remotely
Cons:
- It is not convenient for trading
- Some models are very costly
More details
The Ledger Nano X is a must-have, secure hardware wallet for cryptocurrency. It features easy mobile pairing, a sleek design, Bluetooth support, and robust security features like a safe chip and two-factor authentication.
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Supports 5500 various cryptocurrencies.
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Private keys are encrypted.
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Desktop and mobile devices are supported.
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Bluetooth enabled.
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Allow 100 apps storage.
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Fairly overpriced against the competition.
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Only 100 apps are allowed.
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Bluetooth works solely with mobile.
More details
Ledger Nano S Plus is a fortress-like protection for your digital wealth, sporting an affordable price point. This crypto wallet supports many cryptocurrencies and blockchain networks, making them easily managed via the reputable Ledger Live app. Despite its significant advantages, some users have noted the lack of storage capacity.
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Support for up to 5,500 cryptocurrencies.
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Private keys are always offline.
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Integration with other hot wallets.
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Support for staking.
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NFT support.
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High fees for Ledger Live crypto purchases.
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Limited app space.
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Small display.
5. Coinbase Wallet
The Coinbase exchange platform is unavailable in India. However, the company has a Web 3 crypto wallet for investors in India.
The Coinbase Wallet is decentralized. Meaning users don’t need to provide their personal information. To use the Coinbase wallet, you need the mobile app and a wallet address.
The Coinbase free crypto wallet is user-friendly and supports over 100,000 crypto tokens. Hence, our experts feel this is the best India crypto wallet to diversify your portfolio.
Furthermore, this cryptocurrency wallet supports NFTs on the Polygon and Ethereum networks. It can also connect to dApps like PancakeSwap and ENS.
Crypto investors in India can easily swap tokens and earn interest using this digital wallet. The Coinbase wallet boasts a superb NFT marketplace where various non-fungible tokens feature.
Apart from its IOS and Android app, this software wallet has a Chrome extension. You can activate biometrics for the Coinbase wallet and set up recovery phrases.
Pros:
- It is a decentralized wallet app
- It can connect to dApps
- In-built NFT marketplace
- Supports over 100,000 crypto tokens
Cons:
- There is no fiat support, so you can’t use money from your bank account.
- They don’t respond if private keys are stolen or lost.
More details
With Coinbase Wallet, you can access a mobile app and browser extension, enabling seamless support for numerous cryptocurrencies. Moreover, it offers built-in functionality to interact with decentralized applications, allowing you to participate in staking, yield farming, and non-fungible tokens (NFTs). This wallet caters to existing Coinbase customers and crypto investors seeking a user-friendly digital wallet option.
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Seamless fund transfers from Coinbase exchange.
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Extensive range of supported cryptocurrencies.
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Access DApps, staking, and NFT marketplaces.
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No cold storage integration.
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Lacks educational material.
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Limited NFT support.
6. Metamask
Metamask is a renowned non-custodial wallet for digital assets. It has a mobile wallet app that is available for Android and IOS devices, as well as a browser extension.
One of the best features of this secure wallet is that it connects with popular Web 3 apps like OpenSea and UniSwap. Most dApps support the MetaMask crypto storage.
Since MetaMask is a non-custodial wallet, investors can access their private keys. However, this cryptocurrency wallet does not recover lost digital assets in the case of a hack or lost private key.
MetaMask supports a wide range of tokens. But when you set it up the first time, only ETH is supported, and you must manually add others.
This free crypto wallet is easy to use and convenient. The MetaMask wallet in India supports crypto credit card purchases, but third parties run the service. They also charge high transaction fees. E.G MoonPay has a fee of 4.5%.
Pros:
- User-friendly interface
- Globally recognized non-custodial wallet
- It is great for beginners
Cons:
- It doesn’t support BTC
- Other tokens apart from ETH must be manually added
More details
MetaMask is a popular cryptocurrency wallet famous for its extensive support of Ethereum-based cryptocurrencies and NFTs. Even though it supports multiple blockchain networks, MetaMask does not currently support Bitcoin. It can be a turn-off for investors primarily focused on Bitcoin traders.
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Easy setup process.
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Rewards via staking and holding.
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Supports all of ERC-20 tokens.
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Go-to web3 wallet.
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In-build dApp hub.
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Doesn't support Bitcoin.
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Potential privacy and security risks.
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Complex for new users.
7. Exodus
Exodus crypto wallet is one of the top software wallets for investors looking to diversify their portfolio.
It supports many cryptocurrencies like ETH, Tether, BNB, and Bitcoin. It also provides several portfolio tools you can use to monitor your investments.
For example, the Exodus wallet displays the real-time values of digital assets stored and the overall portfolio value.
It also displays your portfolio value in fiat so you can know what to expect from investments. However, this only applies to dollars and euros, as Indian rupees are not yet supported.
Exodus Wallet offers Linux, Windows, and Mac desktop software alongside its mobile app and browser extension.
It is a non-custodial wallet, and you control your private keys. The Exodus wallet also offers staking services for you to earn passively.
Pros:
- It is free to download
- Supports Linux, Mac, and Windows devices
- Real-time investment portfolio values
- Great UX
Cons:
- Crypto fiat payments must pass through MoonPay, Ramp, or Sardine.
More details
Exodus is an ideal wallet for those new to the crypto world. Its user-friendly interface, strong security measures, and support across various platforms make it a perfect starting point for beginners. Additionally, the wallet provides quick chat services for any doubts or issues users may encounter.
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Easy setup process.
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Supports 260+ cryptocurrencies.
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Exceptional customer service.
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Regular update schedule.
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Staking available.
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Lack of 2FA security protection.
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No support for crypto-to-fiat conversion.
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Not open source.
8. Trust Wallet
Trust Wallet is one of the most popular mobile wallets in the world. The wallet has over 60 million global users and is one of the preferred Bitcoin wallets in India.
It is available for free on Android and IOS devices, and it also has a Chrome browser extension.
Every wallet is secured by a PIN and backup passphrase. Trust wallet’s passphrase is usually a string of 12 words.
The mobile and web wallet support over 70 blockchains, which equals millions of crypto tokens and NFTs. If you are looking for renowned top crypto wallets in India, Trust Wallet ranks high on the list.
Trust Wallet supports Web 3 applications like UniSwap and PancakeSwap, like the best Bitcoin wallets. That way, users can trade and earn crypto using their cryptocurrency wallet.
Trust Wallet also has staking tools and supports several staking coins like TRON and BNB.
Pros:
- It has over 60 million global users
- Supports over 70 blockchains
- Easy dApp connection
Cons:
- Minimum deposit of $50 when using debit/credit cards
- Large charges when buying crypto with INR
9. WazirX
WazirX is a mobile and web wallet that is native to India. It is the country’s largest crypto exchange, with its utility token (WRX).
The software wallet has over 10 million users and supports over 100 digital assets. Some cryptocurrencies available on the platform include Solana, DOGE, and Ripple.
The exchange platform offers an in-built custodial wallet, which means your private keys are not in your control.
WazirX is suitable for Indian investors with small portfolios. However, we experienced that the platform is not suitable for DeFi.
WazirX charges zero deposit fees and is India’s overall best crypto wallet. It is available on the web and as a mobile wallet.
It has a user-friendly interface, and it charges only a 0.2% trading fee on crypto transactions.
Pros:
- It is native to India
- Supports more than a hundred cryptocurrencies
Cons:
- No access to private keys
- The in-built portfolio tracker isn’t too effective
More details
WazirX is a safe and transparent Indian crypto exchange with over 300 cryptocurrencies. They set themselves apart by publishing a yearly transparency report and are one of the few Indian exchanges that maintain a Proof of Funds report. We recommend this exchange for all beginner and advanced crypto investors in India.
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Offers 300+ crypto such as BTC, LTC, and ETH.
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User-friendly interface.
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P2P transactions and advanced trading tools.
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Offers quick funds replenishment and withdrawals.
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Excellent multilingual support.
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No withdrawals without KYC.
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No crypto lending is available.
10. Coinomi
Coinomi is a free crypto wallet in India with amazing tools and features. It is a non-custodial wallet that stores your private keys on your device.
Coinomi supports dApps connection and allows swapping hundreds of cryptocurrencies while using the wallet. It also supports 125 blockchain networks.
This crypto wallet enables users to convert their crypto balance to gift cards. It also offers cold staking, which is like staking but offline.
Coinomi lets users decide their fees when trading digital assets. For example, you can pay more fees to receive priority on the blockchain.
Another feature that makes this platform among the best Bitcoin wallets is that it allows you to buy crypto with fiat currency.
However, this kind of transaction will be processed by Simplex. Since the launch of this crypto platform, they have never been hacked, so it is very secure.
Pros:
- It supports 125 blockchains
- It offers cold staking
- It has never been hacked
- It is completely free
Cons:
- Simplex charges high fees for card payments.
How to Select the Best Crypto Wallet in India
Because there are so many crypto wallet providers in India, choosing one can be a hassle. We’ve compiled some tips on things to consider when picking the best crypto wallet in India. They include:
Wallet Type
The first thing to consider when selecting the best crypto wallet is the type of wallet to get. You must decide whether to go with a custodial or non-custodial wallet. Custodial wallets are fine for beginner traders. However, we’ve observed that most experienced crypto investors in India prefer non-custodial wallets.
It would be best to consider whether you want a hardware, software, or paper wallet. Hardware wallets suit anonymous traders since they are mainly cold wallets.
Ease-Of-Use
It is always better to go for Bitcoin wallets that are easy to use. New crypto investors in India can go for easy-to-use mobile wallets like eToro. You don’t need to know much about wallet security to use these platforms.
Experienced Indian crypto traders can use platforms like OKX that offer MPC technology and a more advanced interface.
Supported Coins
You also have to check the digital assets the wallet supports. Some crypto wallets have a limited number of cryptocurrencies they support. For example, Electrum supports only Bitcoin. This can be very limiting if you wish to diversify your portfolio.
If you prefer having a wallet with a large selection of tokens, it is better to go for crypto wallets like Trust Wallet and eToro.
Fees
The best Bitcoin wallets in India charge nothing for basic wallet functions like storage. Software wallets are usually free to download and set up.
However, hardware wallets usually come with a fee. E.g., Ledgers cost between $79 and $279. You should also check the gas fees for sending digital assets to other wallets.
Steps to Get a Bitcoin Wallet in India
Here are the steps to set up a Bitcoin wallet in India using eToro as a reference.
Step 1: Create an eToro Account
The first step to setting up a crypto wallet in India is to create an account.
To create an eToro account, you need to visit the eToro website. After loading the website, click [Sign Up] and complete the registration process.
You must choose a suitable username and password to secure your wallet account. Some of the best hot wallets require you to enter basic personal information like your email and phone number.
During KYC, you must upload a government-issued ID to verify your identity. The eToro wallet also requires proof of address, like your utility bill.
More details
eToro is a popular online trading platform for crypto assets, stocks, and ETFs, featuring low fees and a user-friendly interface. With a free eToro wallet and social features like messaging boards, users can copy experienced traders and access numerous assets. Take a look at what makes this platform perfect for starting your trading journey.
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Provides an attractive, communal atmosphere.
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Offers zero commission on ETFs.
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Extensive selection of educational resources.
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Mobile app with trading features.
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Smooth account opening and bank transfer.
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Limited number of cryptocurrencies.
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Limited customer support.
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No crypto-to-crypto trading pairs.
Step 2: Download eToro Wallet App
Next, download the eToro wallet from the App Store or Google Play Store.
Once you’ve downloaded the app on your mobile device, log in to your newly created account using your username and password.
Step 3: Buy or Transfer Crypto
To buy or transfer digital assets to your eToro wallet, click on the name of the crypto token you want to buy and tap [Open Trade].
If you don’t have any cryptocurrencies, you can buy them on the eToro wallet. First, deposit at least $10, and then you can search for the crypto token to buy.
The overall best crypto wallet in India is WazirX. It is native to the country and offers amazing tools and features for crypto investors.
Crypto wallets are legal in India, and their government recently added cryptocurrencies under the Prevention of Money Laundering Act.
The answer is yes! You can use Trust Wallet in India.
Binance India crypto wallets are completely legal, and the company does not break any of the country's laws.
Yes, Coinbase works in India. The company launched its services in India on April 7, 2022.
Sam Farao
Sam is our pioneering figure in affiliate marketing and the blockchain space (prior to co-founding Coinweb.com). His ventures, including Netpixel Media and Captana, have set new benchmarks in the affiliate marketing industry, leading to a notable acquisition by Speqta AB for 31.5 million Norwegian kroner ($3.8 million USD). Farao's foray into blockchain technology is marked by the Lightbulb Man project, a blockchain-based art collection featuring NFTs, which sold out in one day! This highlights his role in merging the worlds...
