Open bitcoin wallet india

The bitcoin wallet is more like an online bank account where you keep your bitcoins safe. 

The bitcoin wallet allows you to receive bitcoins and other cryptocurrencies, store them safely and make it possible for you to spend (send them to others).

Bitcoin wallet comes in forms like a device (hardware), app, or website. Let&#;s first check different types of bitcoin wallet before moving to the list of best bitcoin wallet in India in 1

Types of Bitcoin Wallet in India 

#1. Bitcoin Mobile Wallet

Mobile bitcoin wallets are in the form of apps that can be downloaded from the Google Play or Apple Store. App wallets are convenient for making small payments or using bitcoins to pay for purchases on a daily basis.

Mobile wallets are as secure as your smartphone security. If someone gains access to your mobile by hacking then you may lose control of your wallet. 

#2. Web Bitcoin Wallets

Web bitcoin wallets store your private keys on their servers. Crypto exchanges offering accounts or wallets are a type of web wallets where you store your bitcoins on their servers.

The web wallets are online and are with third-party servers. The organizations running the servers and exchanges might shut down or they could gain access to your private keys.

#3. Desktop Bitcoin Wallets

Desktop wallets store your private keys in your local PC’s hard drive. They are more secure than mobile and web wallets. 

The only chance of losing is when someone hacks your PC when you are connected to the internet. 

#4. Hardware Bitcoin Wallet

Hardware wallets are the most secure way of storing your bitcoin. The hardware wallets are in the form of external devices like USB sticks where the private keys are stored.

Hardware wallets are immune to computer viruses and do not allow fund transfer using plain text. You need to press buttons to confirm transactions.

Here is the review of 11 best bitcoin wallets in India

Best Bitcoin Wallet in India

#1. WazirX Multi-Cryptocurrency Wallet Review

WazirX, a crypto exchange based in India, also provides a wallet facility. So, you have a web or a mobile-based crypto wallet attached to the WazirX exchange. WazirX has partnered with Binance (the world’s largest crypto exchange).

You have to open a WazirX account to use the wallet. All the 70+ crypto coins traded on the WazirX platform can be stored in the wallet. 

You can use the wallet to trade on the WazirX exchange and do P2P (buy/sell directly) transactions.

For security, WazirX uses a two-factor authentication like Google authenticator or mobile OTP based authentication. 

Fees

WazirX does not charge any deposit fee but withdrawals are subject to fees (depending on the cryptocurrency) and minimum withdrawal amounts.

What I like

• Option to have both web and mobile wallets
• Directly trade on the WazirX exchange
• 70+ crypto coins can be stored

What I didn’t like

• Withdrawals are subject to fees 
• Limit on the minimum and maximum withdrawal amount

#2. Zebpay Multi-Cryptocurrency Wallet Review

Zebpay is a multi-cryptocurrency exchange that offers the facility of crypto wallets. Zebpay is back in operation following the brief closure enforced under the RBI advisory related to cryptocurrency.

Your crypto assets at Zebpay are held in a secured pool and not in individual wallets with a private key. Zebpay allows you to transfer your crypto coins to other exchanges or your own wallet.

For security, Zebpay stores all your crypto assets in cold wallets signed using HSM (hardware security). They also have proprietary security protocol Omnitrixx to protect all transactions. 

Zebpay supports six cryptocurrencies storing and trading in several currency pairs.  

Fees

Presently, Zebpay charges a monthly wallet fee of BTC per member. Which they are going to reduce once the full-fledged trading on the exchange resumes.

What I like

• INR deposits
• Wallet linked to Zebpay crypto exchange
• Proprietary Omnitrixx security 

What I didn’t like

• Pooled crypto storage
• Presently, supports only six cryptocurrencies

#3. Coinbase Bitcoin Wallet Review

Coinbase is a cryptocurrency exchange with a wallet facility. The exchange offers a mobile-based wallet to store and use your bitcoins and other cryptocurrencies.

Coinbase app is decentralized from the crypto exchange and the wallet is held on your smartphones. The app has a secure enclave (Secure Element Technology) and uses biometric authentication technology to keep your keys safe.

Coinbase app can be downloaded from Google Play or Apple Store (depending on your mobile OS) without any cost and can be used for transferring money or making payments instantly.

Fees

Free to install and use. You do not need a Coinbase account to use the wallet. 

Coinbase collects a miners fee for any payment you make. The fee is passed on by Coinbase to the cryptocurrency miner and is dependent on the network transaction fees.

What I like

• Easy download from the app store
• Decentralized from the Coinbase exchange
• Secure Element Technology to protect keys
• Helps collect rare digital arts

What I didn’t like

• Always connected to the internet
• Requires latest OS 

#4. Unocoin Bitcoin Wallet Review

Unocoin bitcoin wallet is an app-based crypto wallet attached to your Unocoin account. Unocoin app is compatible with Android and iOS operating systems and supports bitcoin, ether and tether cryptocurrencies only. 

That means you can store, accept and use only three cryptocurrencies. The Unocoin app has systematic buying plans for bitcoins.

The app is integrated with the merchant gateway service that allows online businesses to accept bitcoins. You can also use the Unocoin wallet to recharge your smartphones and DTH services. 

Fees

Unocoin does not charge any fees to store or receive bitcoins.

But, when you send bitcoin to a bitcoin address you need to pay a fee of to BTC (miners fee). Unocoin does not charge you anything when you send bitcoin to an email-id of a Unocoin user.

What I like

• Systematic bitcoin buying option
• Integrated merchant gateway for payments
• Low BTC fees for sending bitcoin to bitcoin address

What I didn’t like

• Supports only bitcoin, ether and tether

#5. Ledger Nano X Bitcoin Wallet Review

Ledger Nano X is a hardware wallet that lets you store bitcoins. Ledger Nano X is a USB type wallet with secure chips and compatible with Windows 8+, macOS 10+ and Linux operating systems.

Ledger Nano X comes with a certified secure chip and custom OS for maximum security.

You can also use Ledger Nano X with iOS (9+) and Android (7+) smartphones. The hardware wallet weighs just 34 grams and is made of stainless steel and plastic. 

Ledger Nano X helps you manage 24 coins and + ERC tokens directly from your computer or smartphone.  

Ledger Nano X wallet is powered by a mAh battery and can be bought directly from the Ledger online store. 

Fees

Ledger Nano X is priced in the range of Rs. 10, to Rs. 12,

What I like

• 34 grams of weight
• Secure chip and custom OS
• Manage 24 coins and + ERC tokens

What I didn’t like

• You need to keep track of the USB
• Needs to be powered
• High price &#; upwards of Rs. 10,

#6. Trezor Model T Bitcoin Wallet Review

Trezor is a hardware wallet to keep over 8 coins and + ERC tokens safe in an offline environment.

Weighing 16 grams, Trezor employs firmware signature verification along with a protected bootloader and update security procedure so that you are sure that your wallet is totally safe. 

In case of failure of verification of invalid firmware signature, the wallet erases the device memory to protect any potential threats. 

To add one more layer of safety, Trezor is packed in ultrasound hardware seals that cannot be restored after breakage. You need a USB connector to connect to your PC and mobile. 

The Trezor T has a full-color touchscreen with an intuitive interface. 

Fees

In India, you can get a Trezor T Model in the range of Rs. 12, to Rs. 14,

What I like

• Extremely lightweight, just 16 grams
• Ultrasound hardware seal
• Protected by firmware verification 
• Full-color touch screen

What I didn’t like

• High price &#; upwards of Rs. 12,
• Supports only 8 coins

#7. Exodus Bitcoin Wallet Review

Exodus is a desktop-based bitcoin wallet that can be used to store your private keys on any of the Windows, Mac and Linux PC’s hardware. 

You need to download the Exodus application on your desktop to use the wallet. Exodus encrypted private keys and transaction data for maximum security. 

Exodus lets you store + crypto assets. You can send and receive bitcoins or other cryptocurrency using a QR code of address without worrying about the mismatch because Exodus checks all the addresses for errors.

Fees

Exodus collects a miners fee for all the payments that you make from your desktop wallet. The fee amount is not disclosed.

What I like

• Wallet downloadable on Windows, Mac and Linux PC
• QR codes for address verification 
• Encryption of private keys for security

What I didn’t like

• Need Mac , Windows 10 and bit Linux (kernel version and higher) 

#8. Trust Bitcoin Wallet Review

Trust bitcoin is a mobile app-based wallet for storing bitcoins and other leading cryptocurrencies like Ethereum, Litecoin, Ripple and ERC tokens.

Trust wallet has joined hands with Binance (largest crypto exchange in the world) and now is an official cryptocurrency wallet of Binance. You get the comfort to trade directly using your wallet on the Binance exchange. 

Trust wallet protects your digital assets and your private keys with pin numbers and biometrics. You can use the Trust wallet to send and receive bitcoins via QR code. 

However, there are few reviews of delayed coin receipt. 

Fees

There are no charges for downloading and using the Trust Wallet app. But you need to pay a network transaction fee every time you send any cryptocurrency. 

What I like

• Free to download and use
• Facility to trade directly on Binance crypto exchange
• Compatible with Android 6+ and iOS 13
• Use QR codes for sending and receiving money

What I didn’t like

#9. Guarda Bitcoin Wallet Review

Guarda Wallet gives you the option to have a web-based, desktop-based or mobile-based wallet for + crypto coins including bitcoin. 

You can even have a Guarda Chrome extension for Ethereum that lets you have access to Ethereum based blockchain (Dapps) directly from your chrome browser.

Guarda wallet never stores your private keys or information (non-custodial), you own all your coins. So you need to be careful, if you lose your backup or password then your wallet will be lost. 

On the Guarda wallet, the public and private keys for bitcoin and other currencies are generated in your browser that you can use to send and receive bitcoins. Guarda used encryption technology to secure transactions and private keys.

Fees

Guarda does not charge you for downloading and using the wallet. However, you may need to pay a network transaction fee for any transactions done. 

What I like

• Option to choose web, mobile or desktop wallet
• Inbuilt currency exchange
• Compatible with Android, iOS, Windows, Mac and Chrome extension

What I didn’t like

# Cool Wallet S for Bitcoin Review

Cool Wallet S is a hardware cryptocurrency wallet that you can connect with Android 6 or iOS 9 and above smartphones. 

The crypto wallet weighs grams and is a credit-card sized with tactile buttons. Cool wallet S can be contacted, charged in two hours and has a standby life of 3 months. 

The Cool Wallet S offers a secure element with 2+1 factor authentication and anti-tampering technology. Your private keys are stored in a chipset having military-grade security. 

Cool Wallet S supports 12 coins and all the ERC tokens. 

Fees

You can get Cool Wallet S for a price in the range of Rs. 12, to 14,

What I like

• Private keys stored in chipset with military-grade security
• 3 months of standby life
• Compatible with slightly older Android (6), iOS (9) versions

What I didn’t like

• The high price (Rs. 12,+) of owing the wallet
• Supports only 12 coins

Best Multi-Cryptocurrency Wallet in India

# BuyU Coin Multi-Cryptocurrency Wallet Review

BuyU Coin is a multi-cryptocurrency exchange operating in India since that stores your crypto coins in a secure offline wallet that is safe from hacking attacks.

The BuyU Coin security measures include encryption and hashing, along with the salting algorithm that prevents any fraudulent login. Their storing, decrypting, and transmitting data runs on a separate hosting infrastructure than the crypto exchange. 

All the BuyU Coin wallet users need to go through the two-factor authentication for using the wallet. 

You need to open an account with BuyU Coin to use their crypto wallet. You can buy/sell and store 30+ digital currency on BuyU Coin.

Fees

The wallet creation is free. BuyU Coin does not charge any fee for cryptocurrency deposit or storage. But there are charges for withdrawal depending on the cryptocurrency that you want to withdraw.

What I like

• Trade directly from the wallet
• Separate hosting servers for exchange and wallet storage
• 30+ digital currency support 

What I didn’t like

How to Pick Best Bitcoin Wallet in India 

#1. Crypto Coin Support

Wallets do not support multiple crypto coins and digital assets. Most of them let you store bitcoin, ethereum, ripple and litecoin. 

But, you need to check whether the wallet supports the cryptocurrency that you intend to hold and transact. 

#2. Price

There are free web, mobile and desktop wallets available for storing crypto coins. You just need to download and start using them. The only charges that you need to pay are the network transaction fees when you do a transaction that goes to coin miners.

On the other hand, you need to buy hardware wallets online/ local shops for a price that can be costly. 

#3. Security

The wallets come with various security features like 2FA and encryption of private keys. The mobile (app-based) wallets are always online (hot) and the security depends on the smartphone security & the passcode and is considered to be the least secure.

On the other hand, hardware wallets require buttons to complete transactions besides the passcode. They are offline (cold) and are least prone to hackers and viruses attacks and are considered more secure.

#4. Convenience &#; Easy of Use 

You need to pick the crypto wallets depending on your transaction requirements. The mobile & web wallets are available instantly on the go and help you transact small amounts.

The hardware wallets need to be connected to your smartphone and PC before you can start using them.

How to Get a Bitcoin Wallet

The mobile, web and desktop wallets are free to download and setup. You can visit the Google Play or an Apple Store and download the app and get yourself registered and start using your bitcoin wallet.

On the other hand, you need to buy a hardware wallet and wait to deliver online from a reputed platform or directly from the company.

For using exchange wallets that are web or mobile-based you need to open an account with the respective crypto exchange like WazirX and Zebpay.

Final Words 

Bitcoins (crypto) are not used for making payments in India, currently. But, the wallets can help you store hard-earned crypto assets securely. 

The wallets give you full control over your bitcoins by providing private keys. It is the safest way to keep your bitcoins as compared to keeping them in your exchange account.