18 Best Crypto Wallets in India in 2024

Looking to invest in the crypto market but not sure which wallet to use? Read on to discover the best crypto wallets in India for 2024.

We review the top crypto wallets for user-friendliness and security across various devices, including mobiles, desktops, browsers, and more.

Best Bitcoin Wallets in India Reviewed

Investors should conduct adequate research when choosing the best crypto wallet in India. In this section, we review 18 leading crypto wallet providers, exploring their key features, usability, security, fees, and more.

1. Best Wallet – Overall Best Crypto Wallet for Indian Investors 

Best Wallet is our top overall crypto wallet for Indian users as it offers everything a non-custodial wallet should plus several unique and beneficial features.

It has multi-chain functionality and a built-in DEX that means users can trade thousands of crypto tokens – large and small cap – as long as they hold stablecoins such as USDT to trade with. Major tokens on the Ethereum network – plus layer-2s such as Polygon – and the Binance Smart Chain can be also be purchased with fiat via trusted third-party app Wert.

Best Wallet has strong security features for new users, with a four-digit passcode a requirement and then the chance to add enhanced features such as two-factor authentication and/or fingerprint ID.

It is the top of the list not just because of its strengths as a place to securely trade and store crypto, but because it has features other crypto wallets do not have, with Best Wallet being more of a Web3 portal than rivals.

Future features include a crypto news feed and custom insights on upcoming, newly launched and trending crypto tokens, as well as details on airdrops currently running. The wallet has NFT functionality and will eventually offer the ability to display NFTs.

Best Wallet, which is in phase 2 of 6 of its roadmap, also has its own native token, $BEST, which has hugely beneficial features for holders. It offers staking rewards and will also allow holders to receive advanced analysis, conduct swaps with reduced fees and also get early access to new crypto launches and hot NFT drops.

The token, which has not yet been launched, will be airdropped to active users of the exchange in the coming months, with 10% of the total supply to be distributed via the airdrop.

Join the Best Wallet Telegram group to get the latest information and news on the project and $BEST tokens.

2. Ledger Nano – One of the Best Crypto Hardware Wallets for Long-Term Investors     

Priced between $79 and $279 depending on the chosen model, Ledger Nano is the best crypto wallet in India for safety. Once purchased and delivered, Ledger Nano requires users to set up a PIN. This PIN must be entered on the device for crypto tokens to leave the wallet.

If the user forgets their PIN, they can use their backup passphrase. Ledger Nano displays this when setting up the wallet. Furthermore, if the wallet is damaged or stolen, the funds can also be recovered with the backup passphrase. Another security feature is that Nano Ledger is a cold storage wallet.

In simple terms, this means that Ledger Nano is not connected to the internet. This alleviates the risk of the wallet being hacked remotely. Ledger Nano supports a huge range of cryptocurrencies, including all ERC20 and BEP20 tokens. For smaller-cap tokens, users will need to manually add the contract address.

3. Trezor Model T – Access Over 8,000 Cryptos with this Non-Custodial Wallet 

The next crypto wallet to use in India is Trezor. One of its flagship products is Trezor Model T, allowing investors to access over 8,000 cryptos. This hardware wallet comes with a 1.54” sleek touchscreen, allowing you to easily navigate cryptos and verify transactions. 

This particular wallet uses the Shamir backup – a tool through which all your digital assets can be accessed by entering a 12-word recovery phase. This is applicable in case you lose your private keys – which are provided to you while setting up your wallet. During the wallet set-up, you will be provided with the wallet PIN and the passphrase. 

Notably, the wallet comes with a USB-C charger and can be connected to a desktop or mobile device. This secure platform verifies each process’s integrity using public and open-source code designs. The wallet is also embedded with security seals to protect against hacks or tampering. 

One of the unique features of the Trezor Model T is its staking tools. Investors can trade cryptos and lock in their favorite cryptos and generate passive income. The Trezor Model T retails at just $219. 

4. Trezor Model One – Popular Hardware Wallet Priced at $69

The Model One is another hardware wallet offered by Trezor. This is the entry-level non-custodial wallet, equipped with similar security features to the Model T. The main difference is that Model One does not possess the staking tools that Model T offers. 

With the Trezor Model One, you can access a 12-24 word backup phrase. The assets are protected through a PIN, which will be created while setting up the wallet. Notably, your wallet can be connected to the Trezor Suite mobile app, allowing you to complete your transactions easily. 

Cryptos can be purchased with fiat currencies on the app. Notably, the Trezor Model One is the first hardware wallet in the world. Users can trade more than 5,000 cryptos. Trezor Model One was also the first wallet to offer a recovery seed and passphrase. With a USB-C charger, the wallet can be connected to Android devices. However, it is not compatible with iOS. 

All Trezor devices are CE and RoHS certified – meaning that they meet the required environmental and quality standards. This wallet edition of Trezor retails at just $69 – making it one of the most affordable hardware devices. 

5. BitBox – Decentralized Wallet Comes with Invisible Touch Sensors

BitBox02 is another top crypto wallet to use in India. This is a hardware wallet that keeps cryptos offline and safe against any online hacks. The wallet comes with a 128×46 px OLED Display, making it simple to verify transactions through the touchscreen. 

This wallet comes with invisible touch sensors, allowing you to navigate the available cryptos with a simple tap. You can swipe the hardware wallet to verify the transactions. 

Offering easy and instant backup, BitBox02 offers a microSD card, which is managed from the BitBox app. The wallet also offers a 24-word recovery phase, which can be used to access your digital tokens. 

Importantly, BitBox02 requires hackers to access three different pieces of information to get access to the wallet’s funds. The first is a secret from a secure chip – which has yet to be hacked. The secure chip also protects the wallet against physical tampering or brute force attacks. 

You also need to access a random secret from a microcontroller, and get access to the device’s password or PIN. Thus, it becomes virtually impossible to hack this wallet. This Swiss-Engineered wallet retails at just $115.83. In total, you can access more than 1,500 cryptos with the BitBox02. 

6. Ellipal – Access Completely Air-Gapped Crypto Transactions

The Ellipal Titan 2.0 wallet is the flagship wallet offered by Ellipal. With this cryptocurrency wallet, users can trade cryptos 100% offline by accessing air-gapped transactions. 

The wallet comes with an in-built camera – for scanning QR codes. These QR codes are used to verify all the transactions through the Ellipal wallet. The wallet also boasts a 4” full-lamination IPS display configured with touch response. It takes only 5 minutes to set up the wallet. 

The wallet offers dual-layer defense and has a CC EAL5+ secure element to ensure the fund’s protection. Notably, Ellipal Titan 2.0 is the world’s first metal-seared hardware wallet. It is safe against any physical and supply chain attacks. 

The wallet has an auto-destruct feature – through which any private information will be deleted if it detects any tampering. Through the Ellipal Titan 2.0, you can manage several accounts and confirm crypto transactions in a few minutes. 

You can access more than 10,000 cryptos with this popular wallet. All these top-quality features can be accessed for $169. 

7. SafePal – Access Over 100 Blockchains with this Decentralized Wallet

SafePal, a prominent name in the cryptocurrency wallet space, introduces the SafePal S1, a non-custodial wallet designed to elevate security and give control over digital assets. Emphasizing a decentralized approach, SafePal S1 eliminates the need for KYC (Know Your Customer) forms, granting users absolute ownership of their crypto holdings.

At the core of its security lies the EAL5+ secure element within the wallet chip, protecting it against potential threats. Generating private keys through a robust random number generator, SafePal S1 sets a solid barrier against hacking attempts.

Employing an air-gapped signing mechanism via QR codes, SafePal S1 seamlessly integrates with its companion app across multiple platforms, including iOS, Android, Chrome, and Firefox. To authenticate transactions, a combination of QR codes and personal PIN codes acts as a dual layer of security.

Ellipal boasts compatibility with over 100 blockchains, NFT storage, and connections to DeFi (Decentralized Finance) tools.  Its 1.4” color screen and intuitive 5-button pad make it a user-friendly platform.

Moreover, the wallet features built-in defenses like an anti-tampering system and self-destructive measures.

Remarkably, this wallet comes at an accessible price point of just $49.99, positioning itself as one of the most cost-effective options on our list. 

8. SecuX – Portable Wallet Uses Advanced Biometric Recognition

SecuX’s Shield BIO stands tall as a cutting-edge crypto hardware wallet, seamlessly blending modern technology with an elegant design. Its standout feature, biometric recognition, permits access solely to authorized users, significantly heightening security measures.

The incorporation of an EAL5+ military-grade security chip protects the Shield BIO, providing it with unparalleled protection for both crypto assets and sensitive transactional data. This level of security ensures peace of mind for users while granting swift access to their digital tokens.

The wallet’s credit card-like form enhances its portability, enabling effortless usage on the go. With its touch configuration, trading crypto tokens becomes an intuitive and swift process. In total, more than 10,000 crypto tokens can be accessed through the Shield BIO. 

Connecting seamlessly to the SecuX mobile app and desktop platform, the Shield BIO facilitates asset management across different devices. 

Priced at $149, the Shield BIO’s robust security protocols justify its value, making it a popular choice among security-conscious users seeking both convenience and top-tier protection for their crypto holdings.

9. CoolWallet – Credit Card-Sized Wallet Gives Access to 10,000+ Cryptos

The CoolWallet S is one of the top crypto wallets to use in India. This non-custodial wallet is one of the thinnest wallets in the world. It is shaped like a credit card – and can be used on the go. The wallet is heat resistant up to 60 degrees and water resistant for up to 60 minutes. 

The wallet is embedded with a CC EAL5+ secure element chip to protect it against hacks and keep the funds safe. To secure any confidential data transfer, the Cool Wallet uses an AES-256 encrypted Bluetooth device. The wallet gives trading access to more than 10,000 cryptos. You can also connect to DeFi platforms and DApps (Decentralized Applications) through the CoolWallet. 

 Users can also download the CoolWallet app and connect the wallet to Android and Bluetooth devices. The wallet also incorporates Cold Pressing Technology – a feature that makes the wallet permanently inoperable when disassembled. The microcontroller on CoolWallet is not open-sourced. This wallet retails at just $99. 

10. ColdCard – Popular Wallet Secures your Funds Using Real Crypto Secure Chips

Crafted in Canada, the ColdCard Mk4 emerges as a pinnacle of physical security within the hardware wallets space, placing utmost importance on safeguarding Bitcoin assets. 

Its specialized chip storage of seed words assures users by storing secrets and protecting keys. 

Distinguished as a Bitcoin-exclusive trading wallet, the ColdCard Mk4 boasts limitless memory capacity, enabling seamless storage and no transaction size limitations. 

User interaction is simplified through a numeric keypad, enhancing PIN entry, while the 128×64 pixel OLED screen ensures to-notch visibility. The wallet comes in various colors and integrates a microSD card slot for backup and data retention.

Transparency and safety are at the forefront of ColdCard Mk4’s identity. With open-access code for inspection, it offers trust and confidence among its user base. Featuring a USB-C connector and supporting entirely offline cold storage, this wallet champions robust security practices, notably air-gapped transactions.

The ColdCard Mk4 retails at $157.64. 

11. MetaMask – Non-Custodial Crypto Wallet With Over 30 Million Users

With over 30 million users, MetaMask is also one of the best crypto wallets in India. MetaMask is compatible with various web browsers, including Firefox, Edge, and Chrome. It can also be downloaded as a mobile app for Android and iOS.

In particular, MetaMask is a great option for connecting to Web 3.0 applications. Whether it’s Uniswap, SushiSwap, or OpenSea – most dApps directly support MetaMask. Moreover, MetaMask is a non-custodial wallet. Meaning that in the event the wallet is hacked, or the private keys are lost, MetaMask cannot recover the crypto funds.

Nevertheless, MetaMask is compatible with a wide range of cryptocurrencies. This includes all tokens on the Ethereum, Arbitrum, Optimism, Binance Smart Chain, Polygon, and Avalanche networks. However, when initially setting up the wallet, only the Ethereum network is supported. As such, other networks will need to be manually added.

MetaMask is free to download and use, and its interface is very user-friendly. That said, while MetaMask claims to support crypto purchases with credit cards, the service is provided by third parties. This includes MoonPay, Coinbase Pay, and Transak – all of which are known for their high transaction fees. For example, MoonPay charges 4.5% at a minimum fee of $3.99.

12. Coinbase Wallet – Web 3.0 Wallet Supporting Hundreds of Thousands of Crypto Tokens     

While the main Coinbase exchange is not available in India, its Web 3.0 wallet is. This is because the Coinbase Wallet is decentralized, meaning users do not need to provide any personal information to gain access. Instead, it’s just a case of downloading the app and creating a new wallet address.

Just like its primary exchange, the Coinbase Wallet is very user-friendly. It supports hundreds of thousands of crypto tokens, so is ideal for diversified portfolios. What’s more, the Coinbase Wallet also supports NFTs on the Ethereum and Polygon networks. We also like that the Coinbase Wallet connects to dApps.

This includes everything from PancakeSwap and Compound to Curve and ENS. In turn, traders in India can easily swap tokens, earn interest, and even borrow funds. The Coinbase Wallet also offers a proprietary NFT marketplace. In addition to its iOS and Android app, the Coinbase Wallet also comes as a browser extension for Chrome.

This makes it seamless to swap between device types. When it comes to security, the Coinbase Wallet is protected by biometrics and/or a password. Users are provided with their recovery phrases when setting up the wallet. This allows users to recover their Coinbase Wallet if the device is lost, or the password is forgotten.

13. OKX – Anonymous Decentralized Wallet With Aggregator Tools 

OKX is also one of the best crypto wallets in India for active traders. Not to be confused with the centralized exchange of the same name, the OKX wallet is completely decentralized and anonymous. It comes as a mobile app for iOS and Android and supports more than 50 blockchain networks.

This converts to thousands of cryptocurrencies, from Shiba Inu and Ethereum to Tether and Polygon. Moreover, OKX has an in-built aggregator tool. This connects to over 200 external dApps, providing traders with the most competitive exchange rates. For instance, suppose an investor has Dogecoin in their OKX wallet, but they want to swap the tokens for Arbitrum.

The OKX wallet will display each supported dApp by the exchange rate on offer. Through one click, the user can then swap their tokens. Additionally, the OKX aggregator tool also works for earning interest. It supports yield farming, staking, and savings accounts – ensuring users get the highest APYs.

Currently, OKX users can secure APYs of over 43% and 18% on ApeCoin and PancakeSwap. Stablecoins are also competitive, with Tether and USD Coin yielding over 5% and 13%. We also like that OKX supports a fully-fledged NFT marketplace. As a non-custodial app, OKX ensures that only the wallet owner has access to their private keys.

14. Exodus – User-Friendly Wallet for Diversified Portfolios

Exodus is the best crypto wallet in India for investors with diversified portfolios. This wallet supports a huge range of cryptocurrencies, including BNB, ZCash, Bitcoin, Ethereum, Tether, and Litecoin. Exodus offers some of the best portfolio tools in the wallet space, making it simple to track crypto investments.

For example, it clearly displays the real-time price of each cryptocurrency being stored alongside the overall portfolio value. Best of all, the portfolio value is displayed in fiat money. This enables investors to truly assess how their crypto tokens are performing. That said, Indian rupees are not currently supported – but US dollars and euros are.

Nevertheless, Exodus is available as a mobile app for iOS and Android, as well as a browser extension for Chrome and Brave. It also offers desktop software for Mac, Windows, and Linux. Exodus is completely free to use, and the wallet is non-custodial. The backup passphrase for the wallet is displayed when first setting it up.  In terms of key features, we like that Exodus supports crypto staking.

This tool is compatible with Ethereum, Cardano, VeChain, Solana, and other staking coins. The wallet also offers a calculator, enabling users to evaluate what staking rewards will be earned. While Exodus enables users to buy crypto with a credit card, payments are processed by MoonPay, Ramp, or Sardine. As noted earlier, these providers generally charge between 3-5%.

15. Binance – Conveniently Combine Crypto Storage With Active Trading   

Looking for the best crypto wallet in India for traders? Overall, Binance is an option worth considering. After all, Binance is the world’s largest exchange for trading volume, and it supports over 350 cryptocurrencies. What’s more, Binance offers commissions of just 0.1% – and less when trading larger amounts.

Best of all, the Binance exchange connects directly to its custodial wallet. This makes it frictionless to use wallet balances to fund new traders. Although this is a custodial wallet, we found that Binance has implanted vast security controls. For example, it supports IP and device whitelisting. This means additional security checks are made when logging in from an unrecognized location or device.

Binance wallets are also protected by two-factor authentication. That said, while Binance notes that it uses a combination of hot and cold storage, it doesn’t provide a specific breakdown. Nonetheless, Binance also has an insurance fund in place that aims to compensate users if their wallets are compromised. Finally, the Binance wallet also supports interest accounts, staking, and other DeFi products.

16. Coinomi – Free Crypto Wallet Packed With Features  

Coinomi is a free crypto wallet that comes packed with features and tools. Available as an app and desktop software, Coinomi is a non-custodial wallet that stores private keys on the user’s device. It enables users to swap hundreds of tokens without leaving the wallet interface through dApp connections.

Coinomi also enables users to instantly convert crypto balances to gift cards. Another feature offered is cold staking. While this enables users to earn interest on their idle tokens, the crypto funds remain offline at all times. We also like that Coinomi enables users to set their own fees when transferring funds.

For instance, if the transaction is urgent, users can pay a higher fee to receive priority on the blockchain. Coinomi also supports crypto purchases with fiat money, but this is processed by Simplex. Finally, Coinomi notes that since its wallet was launched in 2014, it has never witnessed a hack.

17. Trust Wallet – Non-Custodial Wallet Supporting Over 70 Blockchains 

Trust Wallet is one of the most popular crypto wallets globally, with over 60 million users. It is free to download and available as an iOS and Android app. Trust Wallet can also be installed as an extension for Chrome browsers.

The wallet is very simple to use and is protected by the user’s PIN. Backup passphrases are displayed when setting the wallet up, which are simply a string of 12 words. Trust Wallet supports over 70 blockchains, converting to millions of crypto tokens and NFTs.

Trust Wallet also supports Web 3.0 applications, including PancakewSwap, OpenSea, and Uniswap. This enables users to trade and earn crypto tokens without leaving the wallet. Another feature of Trust Wallet is it has an in-built staking tool. This supports many staking coins, including BNB, Cosmos, TRON, Algorand, and Kava.

18. iToken – Access the Web 3.0 Economy via a User-Friendly App 

iToken is a decentralized crypto wallet backed by the Huobi exchange. It is supported by an iOS and Android app and is used by more than 10 million traders. iToken provides access to the Web 3.0 economy, including DeFi investments and NFTs ownership.

For instance, it comes with a native browser for dApp services, such as Uniswap and Compound. iToken also comes with a data aggregator tool, enabling users to find the best DeFi yields in the market. We also like that iToken supports over 1 million cryptocurrencies across the most popular blockchains.

iToken is a non-custodial wallet, so investors retain control of their crypto tokens. Moreover, iToken offers 24/7 customer support. However, iToken can not assist with compromised wallets. As always, this is the risk that investors take when opting for non-custodial storage.

What is a Cryptocurrency Wallet?

Crypto wallets store digital currencies safely. Just like a bank account, wallets ensure that crypto tokens remain in the owner’s possession – away from unauthorized access. Most wallets are software-based and are accessible via mobile apps and desktop devices. Additionally, wallets can also be accessed via browsers.

For increased security, wallets also come as hardware devices. In all instances, crypto wallets are protected by private keys. This is the password that provides access to the wallet.

As such, crypto investors are reminded that private keys should be stored somewhere safe. Most wallets generate private keys as backup passphrases. This is often a string of words that need to be entered in the correct order.

Additionally, crypto wallets come with a unique public address. Unlike private keys, this can be given to other people, as it enables the wallet to receive funds. When sending funds, users will need to enter the public address of the receiver.

Some of the crypto wallets discussed today also enable users to exchange tokens and even earn interest. With that said, users should remember to focus on what security controls the wallet offers. After all, the primary function of an India crypto wallet is to store tokens safely.

How do Bitcoin Wallets Work?

Although there are many different types of online Bitcoin wallets, the basics remain the same.

For instance, all wallets come with public addresses and private keys. This not only keeps the wallet safe but enables users to send and receive funds. Another characteristic of crypto wallets is that they connect to the blockchain. This reveals to the public what crypto tokens are stored in the wallet.

For example, the wallet address listed below belongs to the crypto exchange Bitfinex.

bc1qgdjqv0av3q56jvd82tkdjpy7gdp9ut8tlqmgrpmv24sq90ecnvqqjwvw97

This is a Bitcoin wallet that currently holds over 178,000 BTC tokens. This values the wallet at over $4.5 billion based on current prices.

As noted above, crypto transactions are sent on a wallet-to-wallet basis. So, if somebody was to send Bitcoin to Bitfinex, they would use the above wallet address. Transaction times vary depending on the blockchain. For example, Bitcoin usually takes 10 minutes. While Ethereum is much faster at approximately 15 seconds.

Another factor to consider is that transaction fees apply when sending funds to another wallet address. The fees are determined by the blockchain, based on market conditions.

Custodianship

It is important to understand how custodianship works when choosing the best Bitcoin wallet for Indians.

In simple terms, custodianship dictates who is responsible for safeguarding the wallet’s private keys.

• For example, custodial wallets are protected by third parties.
• This means that crypto investors do not need to spend time learning how to safeguard their wallets.
• That said, investors also need to research the legitimacy of the custodian.

Non-custodial wallets, however, are the sole responsibility of the investor. While the investor will control their private keys, they will have nowhere to turn if the wallet is hacked. This is also the case if the investor misplaced their private keys.

Why You Need a Crypto Wallet

There are many reasons why Indian crypto investors need access to a wallet.

First and foremost, wallets enable investors to store their tokens, as well as send and receive funds. Moreover, the top crypto wallets in India provide access to exchange services. This means traders can buy and sell crypto directly in their wallets.

That said, many wallet providers use third parties to process trades. This increases costs, so is something to bear in mind for those looking to actively trade.

The best crypto wallets in India also allow investors to earn interest. This comes in various forms, such as crypto savings accounts, yield farming and staking. Nonetheless, using these services is a great way to earn income on idle tokens.

Types of Crypto Wallets

Before choosing a crypto wallet, it is important to assess the different options in the market. After all, while some wallets are suited for experienced investors, others are aimed at beginners.

Software Wallets

Software wallets, often referred to as hot wallets, can be downloaded and installed on multiple device types – often for free.

Most beginners will opt for mobile wallets. These are often user-friendly and convenient for actively checking balances or sending funds. Mobile wallets also connect to smartphone cameras, so users can scan wallet addresses to avoid mistakes.

Another option is desktop wallets. These are downloaded on PCs and laptops and are often supported for Windows, Mac, and Linux. Desktop wallets usually allow users to install two-factor authentication.

This means that before outgoing transactions are authorized, confirmation must be made on a secondary device (e.g. a smartphone). That said, some wallet providers offer support for both desktops and mobile apps.

Another popular option is to use a web wallet offered by a regulated custodian. This will appeal to beginners that simply want long-term exposure to the crypto market.

Hardware Wallets

Crypto hardware wallets are another option to consider. Often referred to as cold wallets – think cold storage – they store the crypto tokens in a physical device that needs to be purchased. The hardware device cannot be hacked remotely, as it remains offline at all times.

Furthermore, hardware wallets require users to enter a PIN on the device to authorize outgoing transactions.

Ledger Nano is one of the best crypto hardware wallets, but do remember that prices range from $79 to $279 – depending on the model.

Paper Wallets

Paper wallets also keep private keys offline at all times. The user will print the private keys onto a sheet of paper, and keep it somewhere safe.

While this restricts outgoing transactions, paper wallets are suitable for storing large amounts of crypto. Paper wallets are free too, so offer a great alternative to Ledger Nano.

When the time comes to transfer tokens from a paper wallet, this can be done remotely. The user will import the private keys into a software wallet and complete the transfer.

But do remember, if the paper wallet is lost or damaged, regaining access to the crypto tokens is impossible.

How to Pick the Best Crypto Wallet for You

Here are some tips on how to choose the best crypto wallet in India:

• Custodianship: First, decide between a non-custodial or custodial wallet. To recap, this determines who controls the private keys and is responsible for keeping the crypto tokens secure.
• Wallet Type: Next, decide on the type of crypto wallet to obtain. For example, an app, desktop software, or browser-based wallet. Paper and hardware wallets are also an option.
• Security: Then, explore what security features the wallet offers. The best crypto wallets in India come with two-factor authentication, ensuring transactions are only authorized on two separate devices.
• Supported Coins: Also, be sure to check what cryptocurrencies are supported by the wallet. After all, while MetaMask is a hugely popular wallet, it does not support Bitcoin. OKX, on the other hand, supports Bitcoin and thousands of other crypto tokens from other blockchains.
• Additional Features: Investors should also assess whether they need access to additional wallet features. This might include staking for earning interest or the ability to swap tokens without leaving the wallet.

How to Get Use a Cryptocurrency Wallet in India

First-time investors might need some guidance on getting started with a crypto wallet.

In this section, we explain how to set up Best Wallet which is free, secure, user-friendly and our top overall choice.

Step 1: Download Best Wallet

The first step is to download the Best Wallet app, which is available on iOS or Android and is free.

A desktop browser is also in development.

Step 2: Create Account and Choose Security

Once downloaded, all that’s needed to to create an account is to have a valid email address – Best Wallet is a non-custodial wallet so no KYC verification is needed.

After an email address has been accepted, users then have to choose a four-digit passcode, which is compulsory, while enhanced features such as two-factor authentication and a fingerprint ID are optional.

Step 3: Trade Crypto

An account has now been created and users are able to buy, transfer, store and trade crypto with Best Wallet.

As mentioned above, some features are not yet live but in future there will be additional insights on new and trending tokens, hot airdrops and early access to new crypto projects and NFT drops.

Active users are also set to be airdropped $BEST tokens.

Are Bitcoin Wallets Safe? How to Stay Secure with Crypto Wallets

When the correct procedures are followed, crypto wallets are usually safe. However, safety protocols will depend on the custodianship of the wallet.

For example, non-custodial wallets like Best Wallet, Trust Wallet, MetaMask, and Coinomi are the sole responsibility of the user. This means they are not subject to the same regulation and allow for greater anonymity, although the user must keep their private keys safe.

If the private keys end up in the wrong hands because of a hack, the crypto tokens will likely be stolen. And when this happens, the tokens cannot be recovered.

As such, those opting for a non-custodial wallet should be well-versed in security practices.

• For example, mobile wallets should be protected by a PIN at the very least.
• For additional security, the smartphone itself should also be protected by a PIN or fingerprint ID.
• Similarly, desktop wallets should be protected by two-factor authentication.
• When opting for a hardware wallet, make sure the chosen PIN is not likely to be guessed by another person.

These wallet security procedures are likely to be intimidating for the casual investor, while costs can be prohibitive. This is why custodian wallets are a great alternative—but the user must ensure that the custodian is a regulated provider with a solid track record.

There are some disadvantages. OKX’s UK customers, for example, recently saw dozens of trading pairs removed from the platform because of new rules by regulators in the country.

Conclusion

In summary, wallets ensure that crypto investments are kept safe and secure. As such, investors should choose a suitable wallet wisely. The best crypto wallet in India for beginners is Best Wallet.

It is a non-custodial software wallet that is free and easy to use and available as a mobile app on Android or iOS – Best Wallet has enhanced security, multi-chain functionality and a built-in DEX to buy, store and trade thousands of tokens.

Its biggest features are also coming in the near future, with Best Wallet to be more than just a wallet by offering crypto news, insights on new and trending tokens and even early access to new projects and NFT drops for those who hold its native token.

$BEST is yet to launch but active users of the wallet will be airdropped a share of 10% of the max supply in the near future.

References

• https://www.itoken.com/
• https://www.fsc.gi/
• https://brokercheck.finra.org/firm/summary/298361
• https://metamask.io/
• https://support.moonpay.com/hc/en-gb/articles/360011930117-What-fees-do-you-charge-
• https://www.ibm.com/blog/exploring-blockchain-as-the-foundation-for-next-gen-apps-on-web-3-0/
• https://www.okx.com/web3/dex
• https://shop.ledger.com/pages/hardware-wallets-comparison
• https://www.binance.com/en/blog/all/how-and-why-assets-move-between-binance-wallets-4835275628753556476
• https://coinmarketcap.com/rankings/exchanges/
• https://www.nytimes.com/2022/10/07/business/binance-hack.html
• https://www.coinomi.com/en/#features
• https://www.itoken.com/en
• https://coinmarketcap.com/currencies/bitcoin/
• https://bitinfocharts.com/bitcoin/address/bc1qgdjqv0av3q56jvd82tkdjpy7gdp9ut8tlqmgrpmv24sq90ecnvqqjwvw97
• https://www.finra.org/rules-guidance/key-topics/aml

FAQs

Kane Pepi

Editor

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Kane Pepi

Editor

Kane Pepi is an accomplished financial and cryptocurrency writer who has an extensive portfolio of over 2,000 articles, guides, and market insights. With his expertise in specialized subjects such as asset valuation and analysis, portfolio management, and financial crime prevention, Kane has built a reputation for providing clear explanations of complex financial topics. He holds a Bachelor's Degree in Finance and a Master's Degree in Financial Crime, and is currently pursuing his Doctorate degree, which focuses on investigating the complexities of money laundering in the cryptocurrency and blockchain technology sectors. Kane's wealth of knowledge and experience in the field make…

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