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Cryptocurrencies are becoming more popular worldwide. Out of a global base of over 560 million crypto users, India boasts at least 103 million crypto holders, accounting for 7.23% of the country’s population. This dominance results from a combination of different factors, such as a highly tech-savvy youthful population, interest in unconventional investment opportunities, and widespread mobile internet adoption.
Despite the uncertainty surrounding the state of crypto in India, digital asset adoption has grown exponentially over the past decade, with individuals, especially the young and tech-savvy ones, entering the digital space in droves. With the increase in the number of traders and investors, the need for a secure crypto wallet to store digital assets becomes a priority.
This guide explores your suggestions for the best crypto wallet, considering cold and hot wallets. If you’re ready to take control of your cryptocurrencies in India, we shall give you tips on identifying the best Indian crypto wallet.
Comparison of Top 10 Crypto Wallets in India
| Wallet | Wallet Type | Best for | Price | Supported Blockchains and Cryptocurrencies |
| Coinbase | Hot wallet |
Accessing DApps, sending, receiving and storing crypto including NFTs and participating on DeFi activities
|
Free | Ethereum, Bitcoin, Dogecoin and Litecoin |
| Binance | Hot wallet | Viewing balances, send and receive crypto, monitor transaction history, store multiple cryptos and NFTs | Free | Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Notcoin (NOT) and PEPE (PEPE) etc |
| WazirX | Hot wallet | Multisig technology, storage, management and tracking of crypto assets, claim verification and balance checks | Free | Bitcoin, Ethereum, Dogecoin & other 250+ coins. |
| MetaMask | Hot wallet | DApps support, crypto staking, token swapping, gas fees customization and hardware wallet integration | Free | ETH, any ETH-based tokens (ERC-20, ERC-721, ERC-1155 and more) |
| Backpack Wallet | Hot wallet | Manage, send and receive crypto, DeFi tokens and NFTs, hardware wallet support and inbuilt scam detection | Free | Solana, Bitcoin, Ethereum, and Aave and over 50 others |
| Ledger Nano | Cold wallet | Multi-crypto (5,500+) asset support, 20+ software wallet integration, supports multiple devices, HODLing, BTC | $149 | Bitcoin, Ethereum, XRP, Bitcoin Cash, EOS, Stellar and many more. |
| Trezor Model T | Cold wallet | Ergonomic and clean design, supports multiple Cryptocurrencies, PIN and passphrase protection, can be installed on a phone, PC, or laptop | $129 | Bitcoin, Ethereum (and all ERC-20 tokens), Cardano, Litecoin, Ethereum Classic, XRP, Dogecoin, plus more |
| Trezor Model One | Cold wallet | Easy crypto security, storage & use, compact lightweight design, easy to use on the go, two-button interface | $69 | Bitcoin, Dogecoin, Litecoin, Ethereum, Optimism, Avalanche, BNB and others.
|
| SafePal S1 | Cold wallet | Easy to secure, send, buy, sell, swap, exchange and grow your crypto assets like Bitcoin, BNB, Ethereum, and all ERC20 tokens securely | $49.99 | Bitcoin, Ethereum and ERC20 tokens, BNB, and NFTs |
| Cypherock XI | Cold wallet | Bank-grade encryption, EAL6+ certification, allows offline transaction and tracking, decentralized key storage and key sharding | $199 | Bitcoin , Ether , BNB , Polygon , Litecoin and Bitcoin Cash , as well as ERC-20 and BEP-20 tokens, such as Tether’s USDt , USD Coin and Dai |
Best Software Wallets in India
1. Coinbase
The Coinbase app wallet is a secure, self-custody wallet designed to manage digital assets, including cryptocurrencies, NFTs, and DeFi assets. Unlike the Coinbase app, which is non-custodial, the Coinbase wallet app allows you to be fully responsible for your crypto since you manage the private keys. Some of the benefits that make it a go-to-Indian crypto wallet are:
- Self-Custody: Users completely control crypto and private keys, making you responsible for your assets’ security.
- Secure on-chain experience: You interact with different decentralized applications (DApps) besides sending, receiving, and storing crypto and trade on decentralized exchanges.
- Wide asset support: The Coinbase wallet app supports many cryptocurrencies, including Bitcoin, Ethereum, Solana, and many more, as well as various Ethereum-compatible chains. You can also assess DeFi, collect NFTs, join DAOs, and more.
- Mobile app: The wallet is available as a browser extension and mobile app, meaning it’s accessible on your desktop or mobile device.
2. Binance
The Binance app wallet, also called Binance Web3 wallet, is specifically designed for users who love decentralized finance (DeFi) assets. The self-custody wallet integrates with the Binance app to allow cryptocurrency holders to manage their assets while engaging in DeFi activities like earning yields or token swaps.
Among the wallet’s tangible benefits are:
- Complete Control: You control your crypto and private keys.
- Robust security: The Binance app features keyless technology and other state-of-the-art security features.
- Convenient: You can easily access the wallet using the Binance app.
- DeFi Participation: Crypto owners can engage in DeFi activities, including token swapping and yield farming.
- 24/7 Customer Support: Users of the Binance Web3 wallets have access to Binance customer support.
3. WazirX
WazirX app is the best cryptocurrency wallet in India without KYC for holding and trading cryptocurrencies, and it is available for Android and iPhone. The wallet supports at least 250 different types of digital assets, such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), without forgetting leading altcoins, meme coins, NFT tokens, DeFi tokens, metaverse tokens, and stablecoins. The leading benefits include:
- Wallet Management: You can store and manage different types of digital assets.
- Trading: Users can buy, sell, store, and trade different types of cryptocurrencies.
- Security Enhancements: Following the July 2024 cyberattack, WazirX improved the security protocols of their wallet app to include a multi-signature feature for speed and more secure transactions.
- Customer Support: Numerous customer support channels enable users to address their issues.
- User Interface: The wallet app has an easy-to-use interface for efficient asset management practice.
4. Metamask
MetaMask is considered the best crypto wallets specially designed to handle Ethereum-based crypto assets via decentralized applications. The Metamask wallet comes either as a mobile app or browser extension, enabling you to send, receive, or store Ether (ETH) or several other ERC-20 tokens. With Metamask, you can comfortably execute transactions on the Ethereum network through different DApps.
The tangible features of Metamask include:
- Function: The Metamask wallet is considered the best gateway to the Ethereum ecosystem. It allows users to easily manage their crypto and interact with most DApps.
- Key Management: Owners can store and manage private keys, making them wholly responsible for their Ethereum accounts.
- Interactivity: With Metamask, you can interact, sign transactions, and authorize actions with different types of DApps.
- Accessibility: The app is user-friendly whether you choose the mobile app or browser extension.
- Security: Users of the Metamask wallet can generate keys and passwords directly from their devices. Moreover, no password is stored on the device, thereby enhancing security.
- Community: The Metamask community has millions of users and developers worldwide.
5. Backpack Wallet
Backpack Wallet allows digital asset users to manage crypto tokens, DeFi assets, and NFTs. The wallet is non-custodial, meaning everything is in the control of the user, whether it is asset or private key security. Some features available with Backpack include buying, selling, bridging, and swapping tokens in addition to NFT marketplaces and DApps. Important factors to remember include:
- Non-Custodial Wallet: As a user, you ensure the safety of your assets.
- Multi-Chain Support: Backpack wallet supports Ethereum, Solana, Arbitrum, and Polygon blockchains.
- Exchange Features: The app works like a mini exchange, where you can buy, sell, bridge, and swap tokens while accessing DApps and NFT marketplaces.
- NFT Support: You can display, manage, list, and sell NFTs.
- Security Features: The wallets offer lock-down for NTFs, hardware wallet integration, scam detection alerts, and security audits.
- Web3 Browser: Backpack features an in-built Web3 browser that facilitates interaction with DApps.
Best Hardware Wallets in India
The following is a select list of the best hardware wallets in India:
1. Ledger Nano X
Ledger is among India’s most popular hardware devices for storing Bitcoin and supports over 5,000 other digital assets. The wallet’s design resembles a USB device with a chip that stores cryptocurrencies and keeps private keys away from the internet.
- Supported coins: Ledger Nano X supports Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), and up to 5,500 other digital assets, including at least 100 apps. The wallets are also ideal for storing and managing NFTs
- Custodianship: Ledger Nano is a non-custodial wallet
- Main Features: Supports various systems including all Windows, Mac OS X, and Linux.
Pros
- The Bitcoin wallet is renowned for its safety record.
- It supports tokens from different blockchain networks.
- You can recover a loss if your physical device gets lost or damaged.
- User-friendly, and easy to use on the move.
- It supports crypto staking and keeps private keys offline.
Cons
- Mobile app unavailable for iOS gadgets
- Ledger Nano X lacks the convenience of web wallets.
2. Trezor Model T
This Trezor Model is a popular hardware wallet for securing your digital assets and private keys offline. The device features an interactive touchscreen for executing operations and accepting transactions. The wallet is easily compatible with third-party wallets like Exodus and Metamask. Trezor Medal T is a non-custodial company that supports cryptocurrencies such as BTC, ETH, XRP, LTC, etc.
- A password-less hardware wallet that unlocks via touchscreen
- Enables cryptocurrency staking
- The wallet offers an advanced backup system to restore PINs.
Pros
- The wallet supports over 9,000 digital assets.
- Trezor Model T is compatible with USB-C systems.
- Easy install, use, and operate.
- Offers state-of-the-art security features.
- Features an easy-to-use touchscreen interface.
Cons
- Doesn’t support iOS mobile systems.
- Navigation is only through the touchscreen.
3. Trezor Model One
The Trezor Model One hardware wallet is the best cryptocurrency wallet in India without KYC, and it is designed explicitly for beginners. Unlike the other Trezor models, Model One is a non-custodial wallet designed for beginners with features similar to Model T but without the staking capabilities. This wallet is accessible through a backup phrase and a PIN that helps keep your digital assets secure. If your device gets lost or damaged, you can use a recovery phrase to restore your assets when you purchase a new device.
Here are some of its key features:
- Supports all popular cryptocurrencies like ETH, XRP, BCH, and at least 5,000 others
- Trezor Model One aligns with the Trezor mobile app suite.
Pros
- An entry-level best Bitcoin wallet in India that’s designed for newbies.
- It has an easy-to-use interface that allows users to buy, sell, and swap crypto.
- Features Trezor’s flawless security record.
- The built-in Trezor suite facilitates seamless crypto asset buying, selling, and exchanging.
Cons
- Supports a limited number of layer-1 blockchains
- Navigation is only through buttons since the wallet doesn’t have a touchscreen, which makes it inconvenient.
4. SafePal S1
This wallet is among the best crypto wallets in India without KYC. The non-custodial hardware wallet helps you maximize the security of your digital assets, such as crypto and NFTs. The wallets focus on decentralization, a key tenet of blockchain and crypto technologies. The device employs an EAL5+ robust element that guards its contents from potential threats. The result is peace of mind for users as they are protected hackers who use random number generators to create private keys. Among the supported cryptocurrencies are BTC, ETH, POL, SOL, and DOGE.
The main features of this wallet include:
- Over 100 blockchains supported
- Safepal S1 features an anti-tamper self-destructing mechanism.
- Safepal offers an air-gapped security mechanism that is best suited for storing crypto assets offline securely.
Pros
- Easy to manage and use
- Users can verify transactions using QR codes.
- Allows yield farming and crypto staking opportunities.
Cons
- Doesn’t support government-issued money..
- The screen size is relatively small.
5. Cypherock X1
The wallet is considered the best crypto hardware wallet in India because of its unique feature of decentralized storing users’ private keys,giving it a competitive edge over other wallets. The device combines four distinct wallets, meaning you can create four separate wallets using a single device. That means you can use one account for your cryptocurrencies, another for NFTs, etc., for easier management of digital assets. The most popular supported coins include BTC, ETH, USDT, BNB, CHAIN, etc.
- With Cypherock X1, you no longer have to worry about security risks linked to using seed phrases.
- The hardware wallet is appraised by Keylabs, an organization that pinpointed susceptibilities with market leaders such as Ledger, Trezor and others. .
- Cypherock X1 uses a unique cryptographic technique called Shamir secret-sharing that splits private keys into five parts.
Pros
- Supports over 8,000 digital assets.
- The wallet uses 3FA, via the device, an inbuilt X1 card, and the PIN.
- Features NFTs and DeFi capabilities through WalletConnect.
- Cypherock X1 is BIP39 compatible.
Cons
- A slightly larger screen would have been better.
- The device is incompatible with any other wallets
Best Bitcoin Wallets in India
When looking for the best crypto wallet in India, you want to remember that cryptocurrency wallets are categorized into two types – cold wallets and hot wallets, with cold Bitcoin wallets being offline while hot ones are online. Since they are not connected to the internet, cold wallets are considered relatively safer than hot wallets. While hot wallets may be vulnerable to cyberattacks, they’re mostly free and convenient for everyday use. No one will give you a cold wallet for free.
The better way to choose the best Bitcoin wallet in India, therefore, would be to ask yourself:
- Hot or cold? Choose a cold wallet if you intend to HODL your assets or a cold wallet if you plan to do day trading.
- How secure is it? Learn about the underlying technology to be sure your private keys are safe and well protected.
- Privacy: Ask yourself if the wallet offers anonymity or if you must reveal too much personal information to execute a transaction.
- Price: Hot wallets are free, but cold wallets, which are hardware devices, require a fee. Choose carefully based on the amount of crypto you own.
- User-friendliness: Choose an user-friendly wallet that may need some external support.
The leading Bitcoin wallets in India include:
- Coinbase Wallet: The Coinbase wallet supports over 500 tokens, including all the top assets like Bitcoin. This free app features robust security, mobile and browser-based connections, and DApps integration.
- Exodus: Exodus offers a suite of software tools, including mobile and desktop apps that enable easy buying, selling, and storing of Bitcoin and other cryptocurrencies. The wallet offers hot-to-cold wallet integration and features a solid library of content for beginners.
- Guarda: This free-to-use, all-purpose crypto wallet supports over 300 cryptocurrencies, including Bitcoin. In addition to supporting cold wallet integration, Guarda supports staking programs.
- WazirX App Wallet: The WazirX App wallet supports many top cryptocurrencies and offers an advanced suite of security features. The app facilitates crypto trading through advanced trading tools, a user-friendly interface, and fast KYC processing.
How to Choose the Best Crypto Wallet in India
To guarantee the security of your cryptocurrencies and their suitability and ease of use, there are a few things you need to look for to locate the best Indian Bitcoin wallet. The most important things to look for in a reliable crypto wallet include:
A User-friendly Interface
Some crypto apps can be challenging to navigate, especially for those who are just beginning their crypto journey. Choosing a crypto wallet that’s easy to navigate is advisable, especially if it has a simplistic user interface with easy-to-follow instructions.
Supported Crypto Assets
As you begin your investment journey, select a wallet you may use to access more than one crypto asset. Select one that supports multiple crypto assets so you don’t have to look for several devices.
Security Measures
Your wallet will store important private keys that give access to your crypto assets; you must, therefore, employ strict measures to keep them safe. Consider an Indian crypto wallet that uses two-factor authentication (2FA) for an account or supports multi-signature for your asset’s security and peace of mind.
Check Product Reviews
Online reviews can be a good and convenient source of information about any product or service. Before deciding on what you believe is the best cryptocurrency wallet in India, take your time to read through expert and customer reviews from trusted online forums.
Control of Private Keys
Always ensure that you have total control of your private keys and that no other third parties are involved.
Device Compatibility
Your best crypto wallet in India is one that works well with desktop PCs, mobile devices, or both. Note that some crypto wallets are designed to be platform-specific, while others can access multiple platforms.
What is a Crypto Wallet?
A crypto wallet is a digital tool, either software or hardware, which securely stores crypto private and public keys, allowing users to access and manage their digital assets. It is an important interface that enables you to interact with the blockchain where cryptocurrencies exist so you can send and receive crypto assets or manage your balance.
Unlike your traditional fiat currency wallets, crypto wallets don’t store cryptocurrencies! They store public keys, which are passphrases that prove ownership of crypto tokens, and just like the PIN you enter before you can get money using your bank card, they give you access to your funds.
- Private Keys: They act like a password to your cryptocurrency and enable you to control your funds. They are kept secure within your crypto wallet.
- Public Keys: The blockchain’s digital address enables you to receive cryptocurrency.
What is a Software Wallet?
A software wallet, also known as a hot wallet, is a software program that can be installed on a digital device like a desktop, laptop, tablet, or smartphone. Depending on which device you use it from, a digital wallet can be classified as a desktop, mobile, or web wallet. Software wallets are mainly categorized based on how they store or manage cryptographic keys.
Software wallets are called hot wallets because they are online and connect directly with cryptocurrency exchanges. They are also classified as custodial or non-custodial. Custodial wallets have third parties managing crypto assets on behalf of the user, while for non-custodial, you’re totally in control of your digital assets.
What is a Hardware Wallet?
Hardware crypto wallets are tangible pieces of equipment used to store the private keys needed to access and transact with cryptocurrencies. Also known as cold wallets, they mostly resemble USB sticks and are designed to save digital assets offline. While hardware wallets are safe from hackers since they’re not connected to the internet, users must store them safely to prevent physical damage or loss.
Some popular hardware wallets are designed to integrate with software wallets and convert hot storage into cold storage. For example, the Exodus wallet can seamlessly integrate with the Trezor cold wallet. Another form of cold wallet is a paper wallet, where information about your private keys is printed on paper.
How to Create a Crypto Wallet in India
If you want the best crypto wallet in India to trade and manage your digital assets, you must learn the simple steps to creating a software crypto wallet.
Here’s how it works.
Step 1: Choose a software wallet app
The first step involves selecting a software wallet from a reliable provider among the many options available in the market. Conduct thorough research before making a final selection, considering the unique features you’re interested in.
Step 2: Download the wallet app to your device
Download the crypto wallet app to your computer, tablet, or phone. Always ensure you get the wallet from a wallet provider’s official website or genuine app store to avoid downloading malicious software alongside the app.
Step 3: Create an account
Fill in the basic information required to create an account. This may include information like your name and email address, while others may ask for additional information like selfies and government-issued IDs for verification. Finish by creating a strong password.
Step 4: Transfer your assets
Since you have installed your wallet app and set up an account, it’s time to transfer your cryptocurrencies into it. Some ways of transferring assets to your wallet include receiving them from another wallet, depositing funds from your bank account, or using a cryptocurrency exchange. You need to obtain the wallet address to fund your wallet or use it to send crypto to others.
For further information, read our step-by-step guide on How to Get a Crypto Wallet.
How Do I Keep My Crypto Wallet Safe?
As cryptocurrencies become more popular, cybercriminals become more active and can target even the best cryptocurrency wallet in India. However, don’t let this scare you because you can improve your crypto wallet security with just a few simple steps.
- Use a password manager: The most secure passwords are about 16 characters long and have unique characters. Consider using a password manager like Dashlane or 1Password to create and remember one.
- Use 2-factor authentication (2FA): Use the strongest 2FA available from platforms like Yubikey, DUO Security, Google Authenticator, or similar hardware security keys.
- Don’t make yourself a target: Just like you can’t advertise inheriting a fortune, don’t brag about your crypto holdings on social media.
- Don’t fall for tricks: Beware of hackers who pose as tech support and ask for your account credentials, such as PINs, 2FA codes, or remote access to your computer.
- Check the URL: Scammers can create fake websites resembling genuine exchanges and use them to steal your account information. Always double-check web addresses before inputting your credentials or logging into your account.
Top Cryptocurrency Apps and Exchanges in India
Below is an exclusive list of the best apps and exchanges Indian crypto investors can use to buy and sell crypto from anywhere or monitor their digital asset portfolios.
- Binance App India: Binance, the world’s largest crypto exchange by trade volume, operates in India and has a mobile app dedicated to Indian crypto investors. The app has numerous features, including the ability to buy crypto using rupees, transfer USDT to INR, or use other payment methods like PayTM or UPI.
- WazirX App India: WazirX remains a popular crypto trading platform in India and has an easy-to-use app. The app is available for Android, iOS, Google Play, Mac, and Windows systems and facilitates trading, viewing, buying, and selling crypto. WazirX is considered the fastest Indian-focused app with a great user experience.
- Coinbase App India: The US-based crypto exchange has operations in India and runs a mobile app considered easy-to-use, offering a seamless experience, especially for beginners. The app enables users to stay updated on market information with regular news, price alerts, and learning opportunities.
- Kraken App India: Kraken crypto exchange has an app dedicated to the Indian market. It is intuitively designed with user-friendly tools to facilitate trading, managing, and sending crypto assets. The firm also has the Kraken Pro app, specifically designed for expert traders who need more advanced features like crypto options, etc.
- ZebPay App India: Popular Indian crypto exchange ZebPay offers a trading app with a clean user interface. The ZebPay app enables users to make payments on the Bitcoin Lightning Network. The app has enhanced safety features and sends trading alerts and the best trade pairs to help users make informed purchase decisions.
- CoinDCX: CoinDCX, the crypto exchange that claims to have over 4 million Indian users, operates a seamless, easy-to-use, and versatile crypto trading app. The app supports over 200 crypto assets and emphasizes security. Moreover, CoinDCX is backed by leading investors like Coinbase Ventures, BainCapital Ventures, and BitMex.
Conclusion
With the growing trend of cryptocurrency adoption, the demand for the best Bitcoin wallet in India has grown manifold. Since there are many options, we have listed the most reliable ones.
Every time you open a new Indian crypto wallet, remember to back up your recovery phrase, as it remains the master key that unlocks your crypto wallet. Misplacing it can mean you lose everything you could have worked for very hard.
Keep your recovery or seed phrase secure to prevent it from falling into the wrong hands. Otherwise, your account could be wiped out in seconds.
FAQs
Which crypto wallet is most used in India?
Due to the evolving crypto landscape and different usage options by different market segments, it may be difficult to define a definitive crypto wallet as the most used one in India. However, Indian users mention Binance, WazirX, CoinDCX, and Ledger Nano S Plus as the most popular wallets.
What is the most trusted wallet for crypto?
According to most users, MetaMask is trusted everywhere because of its user-friendly interface. It is especially popular among users interested in experimenting with NFTs, DeFi protocols, and other Web3 and Ethereum-based crypto products.
Which platform is safe for crypto in India?
CoinDCX has a reputation as a leading cryptocurrency exchange in India and an incredible safety record. Its market valuation of $1.1 billion as of March 2025 reflects its significant standing in the cryptocurrency marketplace.
Which is India’s No. 1 crypto app?
India’s CoinDCX crypto trading app is considered the market leader. It offers a user-friendly interface, 24/7 access, and robust security features. In addition to providing real-time updates, the app supports over 500 cryptos and is designed for beginners and experienced traders.
Is CoinDCX legal in India?
Yes, CoinDCX is legal in India and registered as a “Reporting Entity” with the Financial Intelligence Unit (FIU).
Which Bitcoin app does India use?
Different Bitcoin apps in India are popular with Bitcoin traders. However, the most popular ones are CoinSwitch, CoinDCX, WazirX, ZebPay, and Mudrex often cited as India’s most popular Bitcoin trading platforms.
