Bitcoin Wallet in India 2021
The bitcoin wallet is like an online bank account where you keep all your bitcoins safe.
You can receive bitcoins and other cryptocurrencies in your wallet and store them safely. The wallet makes it possible for you to spend (send them to others) bitcoins easily.
Bitcoin wallet comes in the form of a device (hardware), an app, or a website. Let’s first check different types of bitcoin wallet before moving to the list of best bitcoin wallet in India in 2021
Bitcoin wallet is a virtual pocket to keep your cryptocurrencies safe. The bitcoin wallet is more like an online bank account where you keep your money in the electronic form.
But, in the case of bitcoin, the money is in the form of private keys that are needed to access public bitcoin addresses.
The bitcoin wallet is in the form of a device (hardware), app, or website that holds and manages the private keys.
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).
Types of Bitcoin Wallet in India 2020
1. 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 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 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
Best Bitcoin Wallet in India 2020
1. 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
2. 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 0.0005 to 0.0009 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 0.0009 BTC fees for sending bitcoin to bitcoin address
What I didn’t like
- Supports only bitcoin, ether and tether
3. 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 1250+ ERC-20 tokens directly from your computer or smartphone.
Ledger Nano X wallet is powered by a 100mAh battery and can be bought directly from the Ledger online store.
Fees
Ledger Nano X is priced in the range of Rs. 10,000 to Rs. 12,500
What I like
- 34 grams of weight
- Secure chip and custom OS
- Manage 24 coins and 1250+ ERC-20 tokens
What I didn’t like
- You need to keep track of the USB
- Needs to be powered
- High price – upwards of Rs. 10,000
4. Trezor Model T Bitcoin Wallet Review
Trezor is a hardware wallet to keep over 8 coins and 1000+ ERC-20 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. 12,500 to Rs. 14,000.
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. 12,000
- Supports only 8 coins
5. 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 110+ 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 10.12, Windows 10 and 64-bit Linux (kernel version 4.10 and higher)
6. 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-20 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
- Prone to mobile hacks
7. Guarda Bitcoin Wallet R
Guarda Wallet gives you the option to have a web-based, desktop-based or mobile-based wallet for 100+ 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
- Non-custodial wallet
8. 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 4.54 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-20 tokens.
Fees
You can get Cool Wallet S for a price in the range of Rs. 12,000 to 14,000.
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. 12,000+) of owing the wallet
- Supports only 12 coins
Best Bitcoin Wallet in India in India 2021
9. WazirX Multi-Cryptocurrency Wallet Review
WazirX, a crypto exchange based in India, 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.
Click here to Open Account with WazirX
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
10. BuyU Coin Multi-Cryptocurrency Wallet Review
BuyU Coin is a multi-cryptocurrency exchange operating in India since 2016 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
- Withdrawal charges
11. 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 0.0001 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
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