Cryptocurrency is a digital financial asset that is transferred and dealt with on digitally secured platforms that operate on decentralized blockchain technology. The growing popularity of cryptocurrency opened several challenges. This has also given rise to numerous platforms and, these platforms are always innovating to provide solutions to those problems. Read this article to know about the types of cryptocurrency wallets and which is the Best Cryptocurrency Wallet In India.
A Brief about Cryptocurrency Wallet
A cryptocurrency wallet is a software program or a hardware device or an online platform that stores your public and private keys. The keys are used to send or receive blockchain cryptocurrency tokens. The keys are considered very secure to communicate with blockchain cryptocurrency ledgers. You can easily check the cryptocurrency balance in your preferred cryptocurrency wallet with just the public key.
Unlike usual wallets, the cryptocurrency wallet does not hold the currency as it never exists in physical form but rather records the transactions of cryptocurrency.
When you send or receive digital currency like bitcoin, the currencies are assigned to the concerned cryptocurrency wallet address. To use that digital currency, the private key that is stored in your wallet must match the public address that the currency has been assigned to. After the keys are matched, the balance of the receiver’s wallet will show an increase.
The cryptocurrency wallet consists of three categories, namely, software, hardware, and paper. The software wallet can be in the form of a desktop, mobile, or online.
- Desktop: Desktop wallet can be installed on a PC or laptop. It offers the highest security to your funds, but there is a possibility that you may lose all your cryptocurrency if your PC gets hacked. This type of wallet can only be accessed on the computer on which it is installed or downloaded.
- Online: As the name suggests, the online wallet works on the cloud and can be accessed by the owner on any computing device connected to the internet. The main feature is that it can be easily accessed at any location. However, as it is an online platform, it is more vulnerable to online thefts and hacking.
- Mobile: Mobile wallets are very convenient as they can run on your mobile. This is more compact and much easier to use anywhere because it occupies a small space.
- Hardware: Hardware wallets store the private keys of hardware like a USB. The security is highly increased because the storage is offline regardless of the online transactions. The hardware wallets are compatible with the web and easily navigable. It supports different types of cryptocurrency. One can perform the transaction by accessing the internet. There is not much danger of online theft or hacking.
- Paper: Paper wallets give the highest level of security and commitment. It is very easy to use and access. You can either have a printed copy of keys or software that can generate a pair of keys on the spot to be printed for further use.
Unocoin is considered the most trusted platform in India to trade cryptocurrency or assets such as bitcoin. It is the best place to buy, sell, store, and use cryptocurrency in a secured manner. It also gives you the feature of paper wallets.
10 best cryptocurrency wallet in India 2021
To keep your funds and transaction records safe and secure, you should be informed of the best crypto Wallets in India. Knowing the best crypto Wallets will make sure that you place your trust in the right cryptocurrency wallet. Let’s have a look through the best crypto Wallets In India 2021.
- Unocoin Wallet
Leading the cryptocurrency game in India is Unocoin, which is the best crypto Exchange in India. This wallet is an application-based cryptocurrency wallet that is connected to the user’s Unocoin account to increase the accessibility of the user. This platform supports the top Cryptocurrencies in India, such as bitcoin, ethereum, and tether. Unocoin wallet is very compatible with Android and iOS operating systems. It provides two-factor authentication or OTP based authentication to avoid any theft and ensure safe transactions.
This platform offers multiple buying plans for the user to add funds to the wallet. After a significant amount of time, the account of the user is updated so that the user can enjoy several benefits provided solely to the upgraded customers.
It has an integrated merchant gateway for payments. The user needs to pay a minor fee for transactions. Unocoin wallet can also be used for recharging phone bills or DTH services. Due to so many advantages, the Unocoin wallet is considered the Best Cryptocurrency Wallet In India.
2. WazirX Multi-Cryptocurrency Wallet
WazirX Multi-Cryptocurrency Wallet is also known as the Best crypto Wallets in India. It is present as both web-based wallets and mobile wallets for the ease of users. As one of the Best crypto Exchanges in India, it gained instant and huge popularity among users after its release. It provides two-factor authentication or OTP based authentication to avoid any theft and ensure safe transactions. Crypto coins of various types can be traded on this platform.
Users available on every type of domain can easily access their WazirX account. There are no intermediaries to deal with, and you can do the transactions directly with the concerned parties.
3. Coinbase Bitcoin Wallet
This is one of the Best crypto Wallets which provides a mobile-based wallet for users’ unlimited convenience. The user can store the bitcoin and other cryptocurrencies and perform the transactions in the easiest manner possible. You can easily access the wallet from your mobile at any location and perform the desired task or use your cryptocurrency. The Coinbase wallet application provides an excellent and advanced security feature called Secure Element Technology (SET) and biometric authentication to keep your keys safe and secure.
Coinbase Wallet has an in-built feature for eCommerce so that companies can integrate the cryptocurrency gateway onto their website to give users the choice to use it if they wish.
4. Ledger Nano X Bitcoin Wallet
For people looking for the Best Cryptocurrency Wallet In India, Ledger Nano X Bitcoin Wallet might be the best choice for them. It is the hardware wallet with the highest safety feature. It is the USB type Wallet used for storing bitcoin which consist of highly secured chips and custom OS for maximum security. It is compatible with all operating systems such as Windows, Linux, macOS, and so on.
Ledger Nano X Bitcoin Wallet is compatible with all kinds of updated operating systems. It is compact, and the user can easily carry it anywhere. It can manage up to 24 coins and 1250+ ERC-20 tokens and can be accessed directly from smartphones.
5. Trezor Model T Bitcoin Wallet
As one of the Best crypto Wallet in India, this hardware wallet can manage up to 8 coins and 1000+ ERC-20 tokens on a secure platform. The hardware is lightweight and compact, which makes it easy to carry anywhere. It provides a firmware signature verification or authentication along with a protected bootloader and regularly updates security features to protect user’s funds.
In case the security authentication fails, the hardware device will format all the information to protect the user’s assets. It has a full-colour touch screen to provide the best user experience.
6. Exodus Bitcoin Wallet
You can also perform transactions with one of the best crypto Wallet of India, through the desktop, mobile and hardware wallets of Exodus Bitcoin Wallet
. The user can store the keys on this desktop wallet. The encryption feature of Exodus ensures maximum security of the keys and transaction data.
QR codes can be used for transactions of numerous crypto assets without any hassle because Exodus cross-checks the addresses for any error.
7. Trust Bitcoin Wallet
Trust Bitcoin Wallet is used for managing bitcoin and other top cryptocurrencies of India like ethereum, litecoin, ripple, and ERC-20 tokens. This is a mobile app-based wallet that is very convenient for the majority of users. You can directly deal with your cryptocurrency on this platform, away from prying eyes. Trust Wallet uses security features like PINs and biometrics to protect the keys and crypto-assets. QR codes are used on this platform for transactions.
8. Guarda Bitcoin Wallet
It provides the user with the choice of web-based, mobile-based, and desktop-based wallet to manage different crypto assets. It has currency-specific features to give advanced options to users. It lets the user have access to the blockchain directly from the browser. The user must never forget their password or all their funds will be lost because Guarda never stores the user’s keys. On this platform, the pairs of keys are directly generated from the browser to perform the transaction. It also has an in-built currency exchange.
9. Cool Wallet S for Bitcoin
Apart from the latest versions, this hardware wallet is compatible with the older versions of Android (6) and iOS(9) as well. The private keys are stored securely in a chip with military-grade security. It can be changed easily and has a standby life of 3 months. It can manage 12 coins and all ERC-20 tokens.
10. BuyUCoin Multi-Cryptocurrency Wallet
This platform provides excellent security measures like encryption, hashing, and two-factor authentication, along with advanced algorithms to prevent online theft. The storing and transactions run on separate platforms to avoid any inconvenience. It supports 30+ digital currencies, and you can trade directly from the wallet.
- Which wallet is best for bitcoin in India?
If you are looking for hassle-free and safe transactions, then Unocoin is the best wallet for bitcoin in India.
2. What is the best crypto wallet?
Among the top Crypto Wallets in India, Unocoin stands out because of its user accessibility and flexibility. It provides multiple payment options across platforms.
3. Is buying cryptocurrency legal in India?
Cryptocurrencies are not legal tender in India, but the exchanges and trading are legal.
Unocoin is India’s first and the most secure bitcoin trading app. This exchange app was founded in 2013. You can buy and sell bitcoin instantly using the Instant Buy and Sell feature. Not just this, you can also buy ETH and Sell ETH in no time. With more than eighty-seven coins listed on this best cryptocurrency exchange in India, you can also accept bitcoin from your friends from any location. You can also know which cryptocurrency works best for you with the price ticker and notifications. The most popular cryptocurrencies like Bitcoin (BTC), Ether (ETH), USDT (Tether), BNB, Ripple (XRP), Cardano (ADA), Solana (SOL), Binance USD (BUSD), Dogecoin (DOGE), Polkadot (DOT) and other popular altcoins can be traded on the go. The new Android and iOS applications make Unocoin the best cryptocurrency app. With the unique feature of the Systematic Buying Plan, you can buy and sell bitcoin and Ether periodically. What more? You can start your crypto journey using SBP for as little as INR 10. With another exciting feature called Crypto Basket, you can diversify your crypto portfolio based on market capitalisation (Market Cap) or Volume. These two excellent features make Unocoin the best cryptocurrency platform.
Love Crypto Coins. Love Unocoin.
Please find the list of authentic Unocoin accounts for all your queries below:
- YouTube Channel: https://www.youtube.com/c/Unocoin/videos
- Newsletter: https://medium.com/subscribe/@Unocoin_growth
- Blogs: https://blog.unocoin.com
- Instagram: https://www.instagram.com/unocoin/
- Twitter: https://twitter.com/Unocoin
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- LinkedIn: https://in.linkedin.com/company/unocoin
- Telegram Group: https://t.me/Unocoin_Group
- Telegram Channel: https://t.me/+fasQhTKBsfA5N2Zl
- Telegram: https://t.me/UnocoinSupport_Bot
- E-mail id: [email protected]
- Contact details: 7788978910 (09:30 AM IST — 06:30 PM, Mon — Sat)
- App store link: https://apps.apple.com/us/app/unocoin/id1030422972?ls=1
- Playstore link: https://play.google.com/store/apps/details?id=com.unocoin.unocoinwallet
Crypto products are unregulated as of this date in India. They could be highly volatile. At Unocoin, we understand that there is a need to protect consumer interests as this form of trading and investment has risks that consumers may not be aware of. To ensure that consumers who deal in crypto products are not misled, they are advised to DYOR (Do Your Own Research).