Are you a crypto investor in India looking for a suitable crypto wallet to use? You’re not alone, as every investor is looking for something like that.
India is one of the largest crypto markets in the world, even though the government isn’t fully in support of the industry.
This hasn’t stopped Indians from investing in crypto though. Just like in every country where crypto may even be outrightly banned as is the case with China, there are investors seeking the best opportunities to invest in digital assets.
There are many wallets you can use in India, but some are more suitable than others. There are a few factors to consider when choosing one, one of which is the kind of assets it supports. If you’re going to use a wallet, let it be one that supports the kind of asset(s) you’re interested in.
You should also consider the security of the wallet, and other features such as support for non-fungible tokens (NFTs) if you are interested in such. After considering all the critical factors, the following are the best wallet picks for you to use in India.
WazirX Wallet
This is a wallet indigenous to India and designed for Indians as well as users from other parts of the world. You can use it to buy, sell, and trade crypto assets including Bitcoin, Ethereum, XRP and many others.
You can use the wallet on your computer and mobile devices, both Android and iOS. The wallet is owned by top Indian crypto exchange WazirX, which is evidence that it is the perfect wallet for investors in India.
There are over 100 crypto assets supported on the wallet, and you can trade and swap them all within the wallet. There are no deposit fees on WazirX wallet, and no charges for Indian Rupees (INR) withdrawals.
You can also deposit INR directly in the wallet using Bank Transfer, NEFT & RTGS, IMPS, and UPI. However, as it is a custodial wallet run by WazirX exchange, KYC is required to use it.
Binance Wallet
Binance wallet is owned by the world’s largest crypto exchange by trading volume, Binance. It is a mobile wallet that works on both Android and iOS devices, and you can use it to do everything you can do on the exchange.
The wallet comes in two versions – the Pro version for experienced users and the Lite version for beginners. This makes it a wallet for everyone, and anyone can easily operate it. You can engage in all kinds of trade using the wallet, including spot, futures, options, and even P2P trading.
You’ll also enjoy the low trading fees that Binace is known for, and the P2P trades are completely free of charge. There are more than 300 assets supported on Binance wallet, giving you the kind of variety you need no matter what kind of investor you are.
Ledger
Ledger wallets are hardware wallets known for their high security, mainly because they are cold wallets. This means they are mostly offline and only connected to the internet to carry out transactions.
You can choose from the available Ledger wallets, each of which offers the same high-level security you need to keep your assets safe. There are over 5,000 assets supported on each, from different blockchains.
If you’re looking for a wallet with the highest security standards, Ledger wallets are what you need and you should consider getting one. However, they are not free, unlike the other wallets.
Exodus
Exodus is the web3 wallet, boasting many features such as support for NFTs. it is a non-custodial wallet, meaning you’re fully responsible for the security and management of your wallet.
The wallet has all the security features a wallet needs to be safe, including a recovery seed phrase and password requirement to access it. There are about 300 supported crypto assets from different blockchains, and you can swap them as you wish.
