Ready to take control of your digital finances in India? Well, the master key is hidden in the best crypto wallet(s) in India, and we have it all straightened out for you!
But before we dig deep, it is important to understand the need first.
We all know that cryptocurrencies are gaining mainstream traction, and this is where crypto wallets kick in. They play a crucial role in keeping your digital assets safe. They allow you to store your private keys, execute transactions, and interact with blockchain-based applications.
Choosing a reliable wallet is essential to securing your hard-earned coins. It also protects your crypto tokens from theft and hacks. But which is the best crypto wallet in India, and whether to use a hardware or software wallet?
This article discusses the best cryptocurrency wallets in India for beginners and experienced investors. So, read along and find out which wallet works the best for you!
List: Top Crypto Wallet India
It is time we get straight to our question at hand. But before getting into detailed reviews, have a quick look at this elaborated table to get yourself equipped with what is coming next.
Here is the list of the best crypto wallet India.
Crypto Wallet India | Type | Coins Supported | Blockchain supported | Best For | Standout Features |
Cold Wallet | 9000+ | 90+ | Offline, secure storage | Offline storage | |
Cold Wallet | 9000+ | 90+ | Beginner, offline storage | Staking mechanism, Shamir backup for restoring PIN | |
Cold Wallet | 5000+ | 50+ | Cross-chain compatibility | Anti-disassembly, Air gapped signing mechanism | |
Cold Wallet | 3000+ | 10+ | Four hardware wallets in one wallet | Shamir secret-sharing | |
Hot Wallet | 10000+ | 11+ | Mobile friendly, All-round use | High Security, Multicurrency support | |
Hot Wallet | 260+ | 20+ | Desktop use | User-friendly portfolio, Stacking option | |
Hot Wallet | 10000+ | 11+ | Ethereum DeFi | Access to Dapps, Staking and Airdrops | |
Hot Wallet | 10000+ | 100+ | BNB Smart Chain DeFi | Multi-coin wallet, Staking tools | |
Hot Wallet | 2000+ | 7+ | Beginner, Multi chain support | Easy to use, Support multiple chains |
1. Ledger Nano X Crypto Wallet
Ledger Nano X is one of the robust hardware devices that allows you to store bitcoins. It also supports more than 5,500 other altcoins and tokens.
It comes on a small USB stick containing a secure chip. This chip helps you store encrypted cryptographic assets and keep your private keys offline.
Ledger is the most popular crypto wallet in India if you want to keep your cryptocurrency keys secure.
Quick View
- Type of Crypto Wallet India: Hardware Wallet
- Popular Cryptos Supported: Bitcoin, Ethereum, Ripple, Bitcoin Cash, etc.
- Custodianship: Non-custodial
- Cost: ₹14405
Key Features
- Ledger supports all Windows, Mac OS X, and Linux.
- It supports 5,500 coins and tokens and up to 100 apps.
- The Ledger Nano X is the perfect wallet for managing crypto and NFTs.
Pros
- Ledger is the best Bitcoin hardware wallet for safety.
- You can add custom tokens across multiple networks.
- Recover the wallet remotely if the device is lost.
- The Ledger wallet is easy to use, light and compact.
- You can stake cryptocurrencies while keeping the private keys in cold storage.
Cons
- It has no mobile support for iOS.
- It is less convenient than mobile and web wallets.
- It is not an open-source wallet.
2. Trezor Model T
The Trezor Model T is widely popular and one of the most secure hardware wallets for cryptocurrency. It keeps your private keys and crypto safe by storing them on the device.
The hardware wallet has a touchscreen for accepting transactions and operations, so you always have complete control of your crypto. The device also works with various third-party hot wallets, including MetaMask and Exodus.
Quick View
- Type of Crypto Wallet India: Hardware Wallet
- Popular Cryptos Supported: Bitcoin, Ethereum, Ripple, Litecoin, etc.
- Custodianship: Non-custodial
- Cost: ₹14,852
Key Features
- Trezor wallet has passwordless unlocking using a touchscreen.
- The wallet offers a staking mechanism.
- Trezor Model T has an advanced Shamir backup for restoring PINs.
Pros
- The Trezor Model T wallet supports 9000+ coins and tokens.
- The wallet is USB-C compatible.
- The wallet is very simple to set up and operate.
- The device has cutting-edge security features.
- It has a super-intuitive touchscreen interface.
Cons
- You can navigate only through the touchscreen.
- It lacks mobile support for iOS.
3. Trezor Model One
The Trezor Model One is another of Trezor’s best hardware wallets for beginners. This entry-level non-custodial wallet provides similar security features to the Model T. The one key difference is that Model One does not have the staking tools that Model T offers.
You can access a 12- to 24-word backup phrase with the Model One. Your cryptocurrency remains protected through a PIN, which will be created while setting up the wallet. The Trezor Model One crypto wallet also offers a recovery seed and passphrase.
Quick View
- Type of Crypto Wallet India: Hardware Wallet
- Popular Cryptos Supported: Bitcoin, Ethereum, Ripple, Bitcoin Cash, etc.
- Custodianship: Non-custodial
- Cost: ₹4,895
Features
- Trezor One lets you trade 5000+ crypto coins and tokens.
- The wallet is compatible with the Trezor Suite mobile app.
- It is a RoHS- and CE-certified crypto wallet.
Pros
- The low price makes this wallet good value for money for beginners.
- It provides a user-friendly interface that supports buying, selling and swapping crypto.
- Trezor has a flawless security track record.
- You can buy, sell, and exchange crypto directly from the Trezor Suite.
Cons
- The wallet does not support many layer-one networks.
- The Model One wallet has no touchscreen, so you must navigate via the two buttons, which is inconvenient.
4. SafePal S1
SafePal S1 is a prominent cryptocurrency wallet. It is a non-custodial wallet built to maximise security and provide control over cryptocurrencies and NFTs. With a focus on decentralisation, SafePal S1 gives you complete ownership of the cryptocurrency holdings and does not require any KYC (Know Your Customer).
Safepal uses the EAL5+ secure element, which guards the wallet chip from possible threats. This provides robust protection against hacking attempts using a reliable random number generator to generate private keys.
Quick View
- Type of Crypto Wallet India: Hardware Wallet
- Popular Cryptos Supported: Bitcoin, Ethereum, Polygon, Solona, Dogecoin, etc.
- Custodianship: Non-custodial
- Cost: ₹4,147
Key Features
- SafePal S1 supports 100+ blockchains.
- The crypto wallet has an anti-tampering self-destruct mechanism.
- Safepal wallet is a 100% air-gapped signing mechanism and a fully offline cold storage device.
Pros
- You can easily manage, transfer, and trade your crypto assets from the SafePal mobile app.
- SafePal wallets use QR codes to verify transactions.
- It offers you staking and yield farming opportunities to earn rewards.
- The device offers limited storage for cryptocurrencies.
Cons
- It does not support fiat currencies or bank transfers.
- This Hardware wallet has a relatively small screen size.
5. Cypherock X1
Cypherock X1 is one of the safest crypto hardware wallets in India. Unlike other hardware wallets, which store your crypto private keys in a single place, the Cypherock X1 wallet stores them decentralised, making it more secure than any other wallet.
It has four hardware wallets in one wallet. This lets you create four different wallet accounts in a single Cypherock X1. Use one wallet account for NFTs and another for storing just Bitcoins and Ethereum.
Quick View
- Type of Crypto Wallet India: Hardware Wallet
- Popular Cryptos Supported: Bitcoin, Ethereum, USDT, BNB, Chainlink, etc.
- Custodianship: Non-custodial
- Cost: ₹12,999
Key Features
- Cypherock X1 eliminates the common security risk associated with seed phrases.
- It ensures stability, as it is audited by Keylabs, the same organisation that has discovered vulnerabilities in other well-known hardware wallets, including Trezor and Ledger.
- The wallet utilises a Shamir secret-sharing cryptographic technique to split the private key into five parts.
Pros
- The Cypherock X1 Vault supports over 8,000 cryptocurrencies.
- The Cypherock X1 Crypto wallet has 3-factor authentication: the Cypherock X1 device, X1 card, and pin.
- It also has support for DeFi and NFTs through WalletConnect.
- The wallet is BIP39 compatible with distributed entropy generation.
Cons
- The device does not have a bigger screen.
- The crypto wallet is not compatible with other wallets.
6. Coinbase Wallet
Coinbase Wallet is a product of the Coinbase crypto exchange. This non-custodial wallet app is separate from the Coinbase exchange. While the Coinbase exchange is currently not available in India, you can still use the Web 3 wallet, as the Coinbase Wallet is decentralised in nature.
The coinbase wallet provides access to Web 3 products, which include a variety of decentralised exchanges and applications. You can store and manage all of your crypto, NFTs, and multiple wallets in one place.
Quick View
- Type of Crypto Wallet India: Mobile, web and browser extension.
- Popular Cryptos Supported: Bitcoin, Ethereum, Ripple, Solona, etc.
- Custodianship: Non-custodial
- Cost: Free
Key Features
- Given that Coinbase is one of the leading cryptocurrency exchanges worldwide, the Coinbase wallet has a solid reputation.
- The wallet interface is user-friendly and easy to use.
- It offers high-quality security with features like 2FA and AES-256 encryption.
Pros
- Coinbase Wallet is available on all platforms, like the Web, iOS, and Android.
- It had a built-in DApp browser.
- The wallet connects easily to Web 3.0 apps.
- You can connect the wallet to Web 3.0 dApps to earn interest.
- You can buy, sell, and store hundreds of thousands of crypto tokens under one roof.
Cons
- It is limited to ERC20 tokens and the Ethereum network.
- There is no help from Coinbase if the wallet’s private keys are lost or stolen.
7. Exodus
Exodus is the best crypto wallet in India for investors with diversified crypto portfolios. It is a non-custodial wallet available on desktops and comes with appealing features for investors. The Exodus features include live charts and portfolio tracking, a built-in exchange, staking, and a compound finance app.
You can access the Exodus with a browser extension for Chrome and Brave. It has a mobile app for iOS and Android and provides desktop applications for Mac, Windows, and Linux.
Quick View
- Type of Crypto Wallet India: Browser extension, mobile and desktop wallet.
- Popular Cryptos Supported: Bitcoin, Salona, Cardano, Chainlink, Tether, etc.
- Custodianship: Non-custodial
- Cost: Free
Features
- It supports thousands of cryptocurrencies across many network standards.
- It has a user-friendly portfolio dashboard for viewing real-time balances.
- The wallet supports staking for passive crypto rewards.
Pros
- One of the best Bitcoin wallets in India to keep track of your crypto investments.
- Supported by multiple devices, including browsers, mobiles, and desktops.
- You can swap between thousands of assets.
- It does not charge a fee for storing, receiving, or staking cryptocurrencies.
Cons
- As an Indian, you can buy cryptocurrencies with a debit or credit card and pay up to 5.45%.
- It requires MoonPay, Ramp, or Sardine to process crypto payments with fiat money.
8. Apex Protocol
Metamask is a non-custodial hot wallet for Ethereum investors. It is one of the biggest crypto-DeFi wallets, with more than 21 million users.
MetaMask is also a popular cryptocurrency wallet in India. It supports a mobile app for iOS and Android and an extension for Chrome. MetaMask supports blockchains, including BSC, Polygon, Avalanche, and many more.
With just a few clicks on the MetaMask mobile app or browser extension, you can connect to a world of DeFi opportunities.
Quick View
- Type of Crypto Wallet India: Browser extension and mobile wallet.
- Popular Cryptos Supported: Bitcoin, Arbitrum, Optimism, Polygon, etc.
- Custodianship: Non-custodial
- Cost: ₹Free
Key Features
- It supports all ERC20 tokens, including a selection of other popular networks.
- MetaMask comes with a key vault, secure login, token wallet, and token exchange.
- The wallet easily connects to Web 3.0 dApps.
Pros
- Metamask is an anonymous wallet storage system with full control over private keys.
- It has a mobile app and browser extension for you to choose from as per your needs.
- The wallet is completely free and does not charge any markup on gas.
- You can access accounts and data as MetaMask generates passwords and keys on your device.
Cons
- INR deposits cost up to 5% as they require third-party payment providers like Coinbase Pay or MoonPay.
- The Matamask wallet does not support Bitcoin, XRP, Solana, or other leading networks.
9. Trust Wallet
Trust Wallet is one of the best alternatives to Metamask Wallet. It is a multi-chain wallet, so it can support various blockchains, including Ethereum.
As with MetaMask, Trust Wallet is a multi-chain wallet. Thus, it can support a variety of blockchains, including Ethereum. This BNB smart-chain wallet has a reputation as one of the best on the market. The giant cryptocurrency exchange Binance owns Trust Wallet, which offers all the features of a top crypto wallet.
Quick View
- Type of Crypto Wallet India: Browser extension and mobile app wallet.
- Popular Cryptos Supported: Bitcoin, Ethereum, Ripple, Litecoin, etc.
- Custodianship: Non-custodial
- Cost: Free
Features
- Trust Wallet is one of the leading BNB smart chain wallets available in the crypto market.
- Owned by one of the most popular crypto exchanges, Binance.
- Trust Wallet does not track any personal information, including your IP address or balances.
Pros
- Trust Wallet is the best Bitcoin app for iOS and Android users.
- More than 70 million individuals use this well-known non-custodial wallet.
- The wallet also supports over 70 blockchains.
- It easily connects to third-party apps like OpenSea and PancakeSwap.
Cons
- A minimum deposit of $50 is required when using a debit or credit card.
- The Trust Wallet browser extension comes with limited features.
10. Okto
CoinDCX is the best cryptocurrency exchange available in India currently. It is highly secure and one of the top and best choices for a Bitcoin wallet.
CoinDCX Okto wallets provide features such as multi-signature technology. As a result, 95% of funds on their platform are stored in multi-signature cold wallets and on the SaaS (security as a service) platform.
The CoinDCX wallet offers Indian crypto traders a highly convenient hot wallet to buy, sell and transfer crypto assets across 9000+ tokens.
Quick View
- Type of Crypto Wallet India: Mobile and desktop exchange wallet.
- Popular Cryptos Supported: Bitcoin, Binance coin, Dogecoin, Bitcoin Cash, etc.
- Custodianship: Non-custodial
- Cost: Free
Key Features
- The CoinDCX wallet has a simple and easy-to-use user interface.
- Encrypt your passwords and private data.
- Most of the funds on the CoinDCX platform are kept in cold wallets.
Pros
- You can earn rewards on your crypto holdings.
- The platform is well-optimised for all Indian traders and crypto-investors.
- Transferring Bitcoin to other wallets is simple.
- CoinDCX supports about 1000+ cryptocurrencies and tokens.
Cons
- They provide limited payment methods for deposit and withdrawal.
- CoinDCX allows you to trade only with INR as a fiat currency.
Our Words On Crypto Wallets India
After thorough research, we have selected the top 10 cryptocurrency wallets in India:
Ledger Nano X: Our top-choice hardware wallet, offering robust security for over 5,500 coins. Its easy-to-use interface makes it ideal for beginners and pros to store altcoins and manage cryptographic assets.
Trezor Model T: One of the most secure hardware wallets, packing advanced features like Shamir backup. Intuitive touchscreens and wide coin support make transactions seamless.
Trezor Model One: Entry-level hardware picks offering recovery seed and passphrase backup. Grants access to 5,000+ cryptos in a budget.
SafePal S1: Strict security protocols with 100% offline storage make this hardware wallet ideal for hoarding. It also supports staking and yield farming.
Cypherock X1: A next-generation hardware wallet with decentralised key storage for optimum security. It is packed with features and supports over 8,000 cryptos.
Coinbase Wallet: Our recommendation for a multi-chain Web 3.0 wallet provides easy access to the decentralised world of crypto, including DeFi.
Exodus Wallet: A feature-rich software wallet ideal for tracking diverse portfolios. Get access to live charts, convenient swaps between thousands of coins, and staking.
Metamask Wallet: This is our pick for the #1 Ethereum software wallet for exploring dApps and DeFi apps. It offers seamless connectivity and flexible functionality across mobile and desktop.
Trust Wallet: Binance’s secure wallet supports 70+ blockchains. Its easy connectivity to dApps like OpenSea and PancakeSwap makes transactions smooth.
Okto Wallet: This is an excellent exchange wallet for Indian traders to easily buy, sell, and trade tokens. Rewards programs are also available for staking crypto.
How To Pick The Best Crypto Wallet India
With so many crypto wallet options, how do you pick the right one for your profile as an Indian investor? Here are the key parameters to evaluate:
1. Security Architecture
It is crucial to evaluate technical security design, including elements like technology certifications, open-source code auditing, and encryption strengths.
Generally, non-custodial wallets like Ledger and Matamask offer the best security, provided you adopt good practices around managing private keys and recovery phrases.
2. Wallet Type And Compatibility
There are different types of crypto wallets available today. You can choose wallets, such as hardware wallets, for cold storage. Other wallets include mobile, desktop, web, and browser extension wallets. You can choose as per your needs.
To reduce the number of options, determine which form factor best suits your needs for compatibility and usage.
3. Supported Cryptocurrencies
Depending on the range of cryptocurrency assets you trade, such as tokens, altcoins, bitcoin-only, etc. You should check for currency support in the wallets that you have picked.
Other aspects, like DeFi token support and the future roadmap for new blockchain integrations, are also relevant considerations.
4. Ease Of Use
For non-techies, ease of usage and intuitive interfaces determine adoption. Solutions like MetaMask can be challenging for newbies, unlike options like Trust Wallet, which are built for simplicity.
Alignment with your competency levels prevents roadblocks during onboarding and transaction handling while avoiding costly errors.
5. Fee Structure
Making deposits to your wallet or swapping between assets can attract charges. Some wallet providers also charge for additional services or offerings. Utilise the fee model to prevent unnecessary expenses from depleting your holdings.
If you have decent crypto holdings, you can choose a paid wallet. Depending only on centralised crypto exchanges doesn’t make sense.
6. Additional Tools And Offerings
Explore other wallet features, like in-built exchanges, buy and sell services, lending offerings, NFT support, etc. This can enhance functionality if you are an advanced crypto investor. Check what’s available by default before requiring a switch across multiple platforms.
For instance, hardware wallets like SafePal provide built-in swap capabilities, while Coinbase Wallet bundles decentralised application access. Evaluate add-on utilities before purchasing based on your requirements.
Generating tax reports burdening you already? Look at all the crypto wallet integrations that KoinX supports and ease out your way in minutes!
How To Set Up And Use A Crypto Wallet In India
Now that you learned how to pick wallets, let’s understand how to set up and use them. The exact steps to set up and initialise a crypto wallet differ across types but broadly involve:
1. Downloading
Install the wallet application on your device (mobile, laptop, or hardware device purchased directly). For browser wallets, simply access the web platform.
2. Initialising
Generate your secure private keys and recovery phrases during wallet initialisation. This kickstarts crypto storage.
3. Backing Up
Ensure to note down the wallet recovery phrase during setup and store it safely offline. This will ensure that you regain access if you misplace your private keys or lose or damage your device.
4. Funding Account
Those buying crypto for the first time can now purchase coins from an Indian exchange and get them transferred to their public wallet address for deposits.
5. Transacting
Use the wallet interface to send or receive crypto or interact with decentralised platforms by connecting your wallet.
That’s it! With your wallet now ready, let’s go through some security best practices to keep your crypto investments safe.
Want to know more about securing crypto wallets? Read our detailed guide on safeguarding your crypto wallets and get a hold of the master key today!
Conclusion
Here, we have addressed the most asked question of all times: the best crypto wallet in India. We hope we have untangled those confusing knots holding you behind and now you are ready to pick out ‘the one’ for your assets.
On our careful assessment, we have listed out these best wallets in terms of trust and usage. Not only do they hold the good graces of Indian users but also users from all over the globe have appreciated them. As a wise user, it is recommended you carefully read out their descriptions, information and everything available on their parent websites and then make a choice.
With this comes another crucial factor. Buying and selling cryptocurrencies and NFTs are taxable in India. You must report your cryptocurrency capital gains to the authorities.
And, when it comes to tax filing, who is better to help than KoinX? Yes, this is the ultimate tax-calculating software that helps you in many ways. From generating detailed tax reports based on your portfolios to providing you with free tax calculators, KoinX has many more features ready to smoothen up your tax filing journey.
Why wait when the best is right here? Sign up now and ease out your tax report generating burdens in one go!
Frequently Asked Questions
Which Is The Best Hardware Wallet For Crypto?
The Ledger Nano X is the best hardware wallet for cryptocurrencies. Ledger wallet provides offline cold storage and supports Bitcoin, altcoins and tokens. They offer one of the best security and backup recovery options. Trezor Model T and Cypherock X1 are other alternatives to ledger wallets that you can consider buying and holding your crypto assets.
Which Is The Best Crypto Wallet In India?
You can choose CoinDCX as your first choice. CoinDCX Wallet is an exchange wallet which offers robust security, intuitive interfaces, and tight integration. You can pick Ledger and Trezor for the hardware wallet and Metamask for the software wallet.
Is The Ledger Wallet 100% Secure?
As per the claims made by Ledger, its devices are secure and have never been hacked before. Ledger wallets are hardware wallets, which means they are physical devices that store your private keys offline. This makes them more secure than software wallets, which are vulnerable to hacking.
Why Do I Need A Crypto Wallet?
A crypto wallet securely stores your private keys and safely transacts with your crypto holdings. A crypto wallet gives you full control and ownership of your crypto assets. Instead, centralised exchanges carry privacy and hacking risks.
