Cryptocurrency has not just gained popularity in western countries, but also in India. This newbie digital monetary concept had struggled to get legal tender status in the country, which it has finally got now with the passing of a new cryptocurrency bill in the winter session of parliament in 2022. Now it has become a reason for people to take more interest in them plus knowing about the best cryptocurrency wallets for storing their crypto and trading not only BTC but its competitor altcoins.
Currently, many crypto wallets are acquainted with good features that inflate the procedure of crypto trading. In India, there are the best Bitcoin wallets that ensure the security of the cryptos via 2FA features. Well, just like it becomes very confusing for investors to choose among the array of altcoins for investment, similarly, it might seem perplexing for you to pick the best one out of available options. But not to worry, as we have come up with a list of some of the best crypto wallets acquainted with their best characteristics. The list includes both paid commercial and free open-source software.
Top 3 cryptocurrency wallets in India
Below are the 3 top cryptocurrency (Bitcoin) wallets in India that you need to check out for storing your cryptos. Let us begin with:
When it comes to listing the best cryptocurrency wallets in India, then WazirX is one of the best picks to have. It lets you purchase, sell, and trade major crypto coins like BTC, LTC, ETH, and XRP with no hassles. Like the exchange with a similar name, the WazirX wallet is very popular in India as it facilitates an absolute and robust crypto trading experience covering all platforms.
Coming on to its features, the WazirX wallet has the potential of managing numerous transactions (in millions) in a very short period. As mentioned above, this crypto wallet holds the best importance in facilitating peer-to-peer trading and that too without no fees. Adding the other two best features about WazirX is it does not take your precious time in the KYC process for identification checking. Next, it is supportive of platforms including Mac, Android, iOS, Windows, and Google Play.
WazirX is one of the best desktop wallets that supports more than a hundred cryptocurrencies including not just the major ones like XRP, ZIL, BTC, ETH, TRX. Those using WazirX do not have to pay any deposit fee. 0.0005 BTC is the withdrawal fee per Bitcoin withdrawal. No withdrawal fee for INR. Payment methods supported by WazirX include UPI, NEFT, IMPS, Bank Transfer, and RTGS. KYC is applied here.
If you are concerned about safety, then CoinDCX comes as another top option for you. It emphasizes making it easier for users to access crypto. It laid its foundation around four years ago and has resolved several issues that bothered crypto investors. CoinDCX provides trading and investing solutions for crypto-oriented financial products for customers of the enterprise, retail, and high net-worth individuals.
Other than WazirX, CoinDCX is also a well-known decentralized cryptocurrency exchange in India. In terms of features, CoinDCX is very helpful in securing users’ personal data and passwords by encrypting all the data. The trading of digital currencies is very simple and fast with a minimum fee.
It is the safest and most secured option in creating a robust crypto portfolio. The storage of ninety-five percent of funds on CoinDCX is on cold wallets. It is supportive of both Android and iOS software platforms. This mobile wallet supports top cryptocurrencies including BTC, ETH, SHIB, USDT, XRP, and SOL. There is no price for deposit fees, it is free. But in the case of withdrawal fees, it might be applicable depending on which cryptocurrency you choose. CoinDCX supports payment methods including your plastic money (debit and credit cards), UPI, and also bank transfer. For identity verification, you have to go through the process of KYC.
Zebpay is also one of the noted cryptocurrency exchanges from India that provides a hassle-free interface facilitating its users with advanced crypto trading characteristics. Payments can be done on BTC. This exchange wallet lets users buy several digital currencies, setting trading pairs, and alerts. Zebpay assures a high level of security to make your crypto trading experience hassle-free.
The exchange facilitates its users with a user-friendly Zebpay wallet feature and application. The best advantage of this mobile application is it provides speedy payments. Like CoinDCX, ninety-eight percent of cryptocurrencies are stored in cold wallets. Adding on more user-friendly features include a multi-chain security structure. There is no possibility of breaching coins stored in Zebpay. Zebpay is supportive of iOS, Windows, and Android.
Zebpay is an exchange wallet that underpins a huge collection of digital currencies including Bitcoin, Ethereum, Cardano, Dogecoin, Litecoin, Tron, Bitcoin Cash, Ripple, Shiba Inu, Ox, Dai, Alchemy Pay, and Stellar. Coming up to deposit fees, then you have to make a payment of ten rupees in case you are preferring net banking, Rs 7 for bank transfer, and Rs 25 for UPI. In case of withdrawal fees, you have to pay a fee of Rs 10 for fiat withdrawals. For Bitcoin withdrawal, the price is 0.0006 BTC.
So these are the top 3 cryptocurrency wallets in India you can consider for storing your crypto assets securely. To explore other best multi-cryptocurrency wallets, you need to log on to the Cryptoknowmics website. It is a one-stop solution for all crypto-related queries, upcoming news, and events.