Delara Hadid
Suchet D. Salvesen
TL;DR
Several crypto wallets in India offer good fees, security, and privacy. In this guide, we look at India’s 10 best crypto wallets. They include:
- eToro
- Binance
- OKX
- Ledger
- Coinbase
- Metamask
- Exodus
- Trust Wallet
- WazirX
- Coinomi
Introduction
A crypto wallet is essential for anyone who invests in digital assets. Crypto wallets ensure your crypto is safe and accessible by storing your private keys.
Private keys provide access to crypto wallets. It works like a regular bank account but for digital currency.
Every crypto wallet has its unique public address where you can send crypto. Many platforms offer crypto wallets in India where you can secure your crypto assets. How can you know the crypto wallets that offer the best service?
The best crypto wallets in India offer a variety of features that make crypto transactions more convenient. Some of the features include transaction privacy and two-factor authentication.
Crypto wallets in India include software, hardware, and paper wallets. Investors can select which type of wallet they prefer to store their crypto.
We’ve observed that most Indians prefer software wallets. You will also have to pick between a custodial and a non-custodial wallet. Let’s dig in to find out the best crypto wallet in India.
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.
Best in class
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
Most Used
More details
Binance, a leading global crypto exchange, offers a user-friendly interface and low fees for trading a diverse range of coins. Accessible to both institutional and individual investors, it supports advanced trading services, although U.S. options are somewhat limited.
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Industry's lowest trading fees.
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Advance trading options like leverage.
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350+ trading options, 150+ for theUS.
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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
Hot
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.
4.7
