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Top 7 Cryptocurrency Wallets In India 2021

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Bitcoin Wallets are very similar to our mobile wallets where we store our money and do transactions from that. While in Bitcoin wallet we hold bitcoins and other cryptocurrencies. A Bitcoin wallet is a software application that allows you to store and keep track of your Bitcoins. A bitcoin wallet differs from a traditional wallet in that it holds bitcoin private keys. A wallet is usually password-protected or otherwise protected from unauthorized access. A Bitcoin wallet is operated exclusively by its owner, unlike blockchain technology, which is distributed and shared. There are several bitcoin wallets to choose from, each with its own set of features. All bitcoin wallets must follow the Bitcoin protocol in order to be able to send and receive funds, regardless of how they are implemented. WazirX, Unocoin, Zebpay are Indian companies. Other Bitcoin wallets are from different countries.

 

Types of Bitcoin wallets

Types of Bitcoin wallets

Types of Bitcoin wallets are desktop, mobile, web, and hardware;

Desktop Wallets

Desktop wallets are wallets that are activated on a computer device and give the user full control over the wallet. They also allow the user to store a private key.
Mobile Wallets: Mobile wallets are similar to desktop wallets in terms of functionality. Mobile wallets allow "touch-to-pay" and the scanning of a QR code with near field communication (NFC) in physical stores.

Web Wallets

Web wallets enable users to access Bitcoins from any browser or mobile device. Since your private keys are stored online, you must choose your web wallet carefully.

Hardware Wallets

Hardware wallets, which store Bitcoins on a physical piece of equipment that is normally plugged into a computer via a USB port, are by far the most stable form of Bitcoin wallet.

WazirX Bitcoin Wallet
 

WazirX Bitcoin Wallet

With over 900,000 users, WazirX is India's fastest-growing cryptocurrency exchange. WazirX is the safest and trustworthy cryptocurrency exchange app, allowing you to buy and sell Bitcoin, Ripple, Ethereum, Tron, Zilliqa, and more than 100 other cryptocurrencies.

Individuals can buy Bitcoin and other cryptocurrencies by depositing INR via UPI or IMPS. Funds can be deposited and withdrawn instantly and 24 hours a day, seven days a week. In India, the lowest withdrawal fee starts at zero. The highest referral commission in India is 50% with no upper cap. TradingView, advanced chart trading, and Stop-Limit orders are only a few of the advanced features available.
WazirX uses two-factor authentication, such as Google authenticator or mobile OTP-based authentication, for security.

Zebpay

Zebpay

With its user-friendly mobile trading experience, the ZebPay app for Android provides access to a stable crypto exchange platform for users on the go. Zebpay security measures are designed to keep your cryptos secure, with 98% of coins stored in cold wallets, robust internal controls, 3rd party security testing, and more. For added wallet protection, you can set a fingerprint or PIN code and lock outgoing transactions. The Bitcoin-Euro pair (BTC-EUR) is one of ZebPay's trading pairs, as are euro-denominated pairs in XRP, EOS, LTC, ETH, and BCH. Security researchers are encouraged and rewarded by ZebPay for testing our security. We have a bug bounty program for the community to help us identify problems that could endanger our customers.

Coinbase Bitcoin Wallet

Coinbase Bitcoin Wallet

You can safely store, send, and receive Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Ether Classic (ETC), Litecoin (LTC), XRP, and Ethereum-based ERC20 tokens with Wallet. Connect your account to pass cryptocurrency to your own custody quickly and easily. Using your private key, sign messages cryptographically. See the current price of assets in your wallet in your local currency. You retain control over your private keys, which are only stored on your computer using Secure Element technology. The company has no access to your money.
Coinbase is trusted by 56 million verified users, 7,000 organizations, and 115,000 ecosystem partners in over 100 countries to quickly and safely save, spend, save, receive, and use cryptocurrency.

Unocoin Bitcoin Wallet

Unocoin Bitcoin Wallet


Despite India's stringent regulations on digital assets, the Unocoin wallet flourishes there. The business has 45 top investors and supports over 1.5 million customers. Unocoin wallet is safe and easy to use. Both Android and iOS users can use the wallet app. Unocoin is a digital asset exchange and wallet located in India. The company was founded in 2013 by Sunny Ray, Sathvik Vishwanath, Harish BV, and Abhinand Kaseti. Unocoin was established in Tumkur, Karnataka, and is now headquartered in Bengaluru, India.
Individuals can earn free Bitcoin by referring Unocoin to their friends. There is an option to use the Unocoin SBP (Systematic Buy Plan) module to automate bitcoin purchases with a defined amount and frequency to hedge against market volatility.

Ledger Nano

Ledger Nano

The Ledger Nano S and Ledger Nano X hardware wallets are available from Ledger. Both wallets are USB storage wallets that allow users to do a variety of things, such as to send and receive bitcoin from blockchains and run third-party apps on the computer. In 2014, eight experts with backgrounds in embedded protection, cryptocurrencies, and entrepreneurship founded Ledger. The company's mission is to develop stable blockchain applications. Multicurrency hardware wallets from Ledger are used to store private keys for cryptocurrencies offline. There are 27 coins and over 1,500 tokens supported by all Ledger wallets. This list contains both well-known and lesser-known cryptocurrencies.

Guarda Wallet

Guarda Wallet


Guarda Wallet supports over 100 different cryptocurrencies. It does not save a user's private keys or data. It protects its users' confidential data with encryption technology. You are the sole owner of your private keys at Guarda Wallet, allowing for safe cryptocurrency management. Guarda Wallet allows two or more users to sign transactions thanks to its multi-signature functionality. This guarantees the highest level of protection and secure wallet transactions.

BuyU Coin

BuyU Coin

With over 500,000 confirmed users, the BuyUcoin Android App is the best cryptocurrency exchange app, enabling users to securely store, buy, and sell cryptocurrencies in INR or fiat currency. On the BuyUcoin App or Website, you can instantly buy Bitcoin (BTC), Polkadot (DOT), Chainlink (LINK), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), USDT, and 100+ other cryptocurrencies using a debit card, credit card, net banking, or Wallet. There is 0%t trading fee on crypto trading through the BuyUcoinEz OTC desk. Individuals can deposit or withdraw funds instantly and 24x7.

How to Pick Best Bitcoin Wallet in India ?

How to Pick Best Bitcoin Wallet in India ?

You must determine the optimum storage arrangement for you. If you're planning to use bitcoin on a regular basis, you'll probably want to utilize a mobile or web wallet. If you've recently purchased a large amount of bitcoin for long-term safekeeping, cold storage is the best option.

Security is Important

Is the wallet's login process safe and secure? Does the wallet also support two-factor authentication (2FA)? These are only a few considerations to consider before to making a final decision.

The wallets include security features such as two-factor authentication and private key encryption. The security of exchange wallets and mobile (app-based) wallets is dependent on the security of the smartphone and the passcode.

Multisignature (Multisig)

Look to determine whether the wallet has a multisig option in addition to a secure platform. When it comes to protecting your bitcoin from theft and attacks, this is the strategy to use. A bitcoin transaction that requires more than one key is referred to as multisig (it takes multiple parties to spend the funds).

Crypto Coin Support

Multiple crypto currencies and digital assets are not supported by all wallets. The majority of them support bitcoin, ethereum, ripple, and litecoin storage.

Check to see if the wallet you're using supports the cryptocurrency you want to store and use.

Price and Charges

For holding cryptocurrency, there are free web, mobile, and desktop wallets accessible. All you have to do now is download and start using them. When you make a transaction that goes to coin miners, the only costs you have to pay are network transaction costs.

Physical hardware wallets, on the other hand, can be purchased online or in local shops for a price that can be rather high.

Transparency

Is the wallet provider's operation and identity transparent, and, more crucially, is the wallet code open source? If not, it's difficult to say how the wallet provider protects your bitcoin. Open source code can be examined by others and scanned for flaws. Make sure the source code is kept up to date as well.

Wallet Backup

Another significant feature of bitcoin wallets is backups. Is there a way to backup the wallet with the wallet provider? Is the backup protected by encryption? Is there an easy-to-use backup restore process?

Before you put Bitcoin in your wallet, you should look at these possibilities.

Conclusion

Conclusion

Popular cryptocurrencies such as bitcoin, Ethereum, Ripple, and Litecoin can all be stored in most bitcoin wallets. Always double-check that the wallet, you're using supports the cryptocurrency you want to store and use.
Bitcoin wallets are not country-specific; you can download the best wallets available anywhere in the world if you have a computer and an internet connection.

Cryptocurrencies are unquestionably here to stay as technology progresses. It will take time for the public to understand and trust the new system, but the threats and risk will remain the same, with some likely to be more severe and elevated than before.

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