10 Best Crypto Wallets in India: Safest Bitcoin Wallets Reviewed

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November 13, 2025

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According to our analysis, Best Wallet is the best crypto wallet in India for 2025. It’s a convenient solution for Indian traders and investors, as it supports INR deposits via its integrated fiat on-ramp service. Thanks to its built-in DEX, you also get to swap your tokens directly within the app. Best Wallet is a non-custodial hot wallet, meaning you’re in full control over your assets.

According to a Chainalysis report, India is a leader in crypto adoption, which comes as no surprise, given that approximately 190 million people in India lack access to formal banking services, making cryptocurrencies a suitable alternative. Crypto trading is legal in India. This means that you can own, buy, and sell cryptos; however, you cannot use them to pay for goods and services.

If you plan to dip your toes into crypto trading, we advise you to store your coins and tokens in crypto wallets, as they are safer than exchanges. You’ll also have greater control over your funds. With that in mind, we tested and analyzed over 40 wallet providers (both hot and cold) to find the best crypto wallets in India. We based our research on their user-friendliness, security, the number of supported coins and networks, and unique features.

The Top Crypto Wallets in India Shortlisted

Overall Best Crypto Wallet

9.7/10

Review

• Non-custodial multi-chain wallet.
• Broad ecosystem of wallet features.
• Portfolio management and market insights within the wallet.

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Best No KYC Exchange with Leverage Trading

8.9/10

Review

• Low trading fees and lightning-fast order execution speed
• Make big trades with leverage up to 100x
• Deposit a single crypto and trade all coins with Margex's Multicollateral Wallet

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Safe Wallet with Staking and dApps

8.5/10

• Self-custodial crypto wallet with 1M customer base
• Multi-chain support powered by MPC for added security
• Buy, sell, send, receive and connect to Web3 dApps

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Top Crypto Wallets in India: Full Reviews

Now that we have ranked the best crypto wallets in India, we’ll move on to our in-depth reviews of each provider.

1. Best Wallet – The Overall Best Crypto Wallet for Indian Traders and Investors

Having researched the top crypto wallets in India, we found that Best Wallet ranks as the overall best option. This is a wallet that aims to make competitors obsolete. For starters, this non-custodial wallet supports coins and tokens from multiple blockchains, including Ethereum, Polygon, and BNB. This makes having multiple wallets to store coins on multiple blockchains redundant.

What’s more, you can swap these tokens without leaving your app via its integrated DEX, which aggregates liquidity from hundreds of liquidity pools. To make things more interesting, $BEST token holders will earn higher staking rewards, pay lower fees, and gain access to new token presales. You can also use its on-ramp services to make a deposit using INR.

The Best Wallet is now available for download on the App Store and Google Play, but it will soon be available as a browser extension as well. Some of its upcoming features include market insights, where you get to use advanced price charts. There will also be token analytics for you to track token sentiment, see upcoming token airdrops, or monitor trending tokens to invest in. Best Wallet utilizes two-factor authentication, a four-digit PIN, and biometrics to secure its access.

2. Margex Wallet – Best Crypto Wallet in India for Collateral Trading

Margex Wallet is a custodial wallet that’s integrated into the Margex exchange. This hot wallet stores your coins in cold storage, making it safer than traditional software wallets. You can trade over 50 tokens and coins on 10+ blockchains. What makes this wallet stand out is its multi-collateral functionality. On that note, you can deposit any cryptocurrency with settlements made in your chosen collateral. Margex will automatically calculate the value of each asset in real time, eliminating the need for conversion.

Margex is also recognized as one of the best crypto leverage trading platforms that will allow you to trade crypto pairs with up to 100x leverage. You can buy crypto with INR through its third-party payment providers like Paybis and FinchPay. Furthermore, the wallet features an integrated staking service. You can earn up to 7% APY by staking BUSD, ETH, USDC, USDT, and BTC.

Margex Wallet utilizes strict security measures, such as 2FA, DDoS protection, and cold storage for user funds. What we didn’t like during our testing was its customer support. Although it takes only 2 minutes to get a reply from the support agent, the answers are generic and not particularly helpful.

3. Zengo – Best Crypto Wallet for Secure Backup

Zengo is a non-custodial hot wallet that supports 380+ cryptocurrencies. This wallet stands out for its MPC (Multi-Party Computation) security model, which means it doesn’t use a traditional private key but rather two independently created “secret shares.” One will be stored on your mobile device, and the other on the Zengo server. This makes it an ideal wallet for secure backup. Zengo Wallet also utilizes the 3D FaceLock feature, an encrypted biometric scan for facial recognition.

Zengo Wallet supports India’s Unified Payments Interface (UPI), which will enable you to buy crypto using instant bank transfers. To make the most of your wallet, we recommend upgrading to Zengo Pro. This premium subscription service offers advanced self-custody tools, including legacy transfer, asset theft protection, and a Bitcoin private transaction mode. You’ll also get to create up to 5 segregated wallets.

You can also stake Ethereum for up to 4% APY directly from your wallet, unlock NFTs, and connect to thousands of dApps on the Ethereum blockchain. On the downside, this is a mobile-only wallet, which means there is no desktop app. Moreover, the Zengo Pro subscription costs $19.99 per month.

4. Cypherock X1 – Best Crypto Wallet in India for Long-Term Investors

Cypherock X1 is a non-custodial hardware wallet known for its innovative approach to security. On that note, this wallet uses Shamir’s Secret Sharing to divide your private key into 5 parts. The keys are stored on the X1 vault and on the X1 cards, which eliminates a single point of failure. To conduct a transaction, you simply need to tap one of your cards on the vault. You can also buy crypto using INR via its cySync app, which is powered by Binance Connect.

You can use the cards to create four independent wallets, trade over 9,000 cryptocurrencies, gain access to DeFi platforms, and interact with dApps, such as Uniswap, Gnosis Safe, and Lido. Its inheritance service, Cypherock Cover, makes it suitable for long-term investors. This service will enable your family to gain access to your funds in case something happens to you.

Cypherock X1 supports all BIP-39 compatible wallets, such as Ledger, Trezor, Metamask, and Trust Wallet, meaning you can import up to four BIP‑39 seed phrases into your X1 vault. The only downside is its not-so-budget-friendly price.

5. Tangem – Best Crypto Wallet in India For Beginners

Tangem is a card-based cold wallet that supports 6,000+ coins and tokens across 80+ chains. It comes as a set of two or three NFC-enabled cards, which, upon being activated through the Tangem app, generate your private keys. Setting up the wallet takes less than three minutes, and you can execute a trade by simply tapping the card on your smartphone, making it ideal for beginners. You can also buy crypto using credit cards, bank transfers, Apple Pay, and Google Pay, or sell your assets via its integrated off-ramp services.

Tangem wallet comes with a 25-year replacement warranty and a native mobile app compatible with iOS and Android devices. The wallet is integrated with WalletConnect, which means you’ll get to interact with dApps on EVM-compatible networks, such as Ethereum, Polygon, and BNB Smart Chain.

You can purchase the wallet for a relatively low price, starting from $54.90 for a 2-card set. Keep in mind that you’ll also need to cover the shipping fee, which for India stands at $7.99. The main downsides of the wallet are the lack of a desktop app and support for NFTs.

6. Ellipal – Best Crypto Wallet in India for Swapping Tokens

Ellipal is an air-gapped cold wallet that supports over 10,000 cryptocurrencies. You can also convert your coins to any supported currency without the need to use external exchanges. However, what makes this wallet stand out is its swapping service. On that note, the wallet is powered by Changelly and SWIFT, which means that you’ll get the best exchange rates when conducting multi-chain swaps. You can also connect to over 200 dApps without the need to plug your wallet into the computer.

Ellipal integrates third-party payment providers like Banxa and Simplex, which will enable you to buy crypto using INR. You can also create up to 10 accounts. We particularly liked its mobile app, which functions as a hot wallet. You can use it to import private keys from other wallets, manage your NFTs, and stake ADA, ATOM, XTZ, DOT, and KSM.

You can choose between three models – ELLIPAL X Card ($79), ELLIPAL Titan 2.0 ($169.00), and ELLIPAL Titan Mini ($99.00). The main downside of this wallet is its weak built-in battery, which allows the device to operate for only 2 to 5 hours, which could deter active traders.

7. Ledger – Best Crypto Wallet in India for Users With Diverse Portfolios

Ledger is one of the best cold wallets for Indian investors with diverse portfolios. This wallet supports over 15,000 coins and tokens, ranging from major cryptos like BTC, ETH, and SOL to the best-performing tokens, such as MOODENG, PNUT, and PEPE. You can also use its app, Ledger Live, to buy, send, swap, and stake crypto, manage NFTs, and gain access to dApps. Indian traders will be able to use INR to make deposits thanks to its integrated on-ramp providers, such as PayPal, MoonPay, and Coinify.

Ledger allows users to add a 25th word of their choosing – up to 100 characters. This means that even if a bad actor knows the 24-word passphrase, they wouldn’t be able to access the wallet. We also like that Ledger can be recovered remotely if the device is stolen.

Ledger offers three main products – Ledger Stax, Ledger Nano X, Ledger Nano Gen5, and Ledger Nano S Plus. The cheapest option is the Ledger Nano S Plus, retailing for $79. The different models can be compared on the website to see which one best matches your preferences.

8. Trezor – Best Crypto Wallet for Traders on a Budget

As a hardware wallet, Trezor is ahead of other hot wallets when it comes to security. Because the funds are kept in your physical Trezor device instead of online, it is much harder for them to be stolen. So a major USP with Trezor is that the user has full ownership over all coins. Data is also anonymous, because when users log in to web applications, they are often far more vulnerable.

The beauty of Trezor is that it is very simple to set up and operate, but there are multiple optional add-on features that users can select depending on what they are looking for. For instance, it’s possible to create multiple wallets within Trezor for increased privacy. A sign and verify feature allows crypto addresses to be vetted, while the Tor browser is supported within the Trezor application.

Unlike most hardware wallets, Trezor wallets are relatively inexpensive. Their price ranges from $49 to $169, depending on the model, making them an attractive option for traders on a budget. Moreover, Trezor has an outstanding track record, is very secure, and is easy to set up.

9. Binance Wallet – Best Crypto Wallet in India for DeFi Enthusiasts

Binance is the biggest crypto exchange, whose daily trading volume exceeds $20 billion. In 2019, Binance partnered with WazirX, India’s Bitcoin exchange, to enable Indian users to buy crypto using INR. Binance has a native wallet called Binance Wallet. This is a non-custodial software wallet powered by MPC technology, which means that it doesn’t require seed phrases. Instead, it creates three separately stored ‘key shares’. This means that you alone will have full control over your assets.

Binance Wallet is an attractive option for DeFi enthusiasts, as it enables them to transition between DeFi and CeFi with a single tap. What’s more, you can use the wallet to transfer assets between different chains, gain access to 100+ dApps via its integrated dApp browser, and earn yields through staking and lending. Binance Wallet users will also be able to discover and trade the latest meme coins via its Meme Rush feature.

On the downside, Binance Wallet is designed as a mobile-only app. This means that you won’t be able to use it on your computer.

10. MetaMask – Best Crypto Wallet for ETH Staking

MetaMask is another software wallet that offers non-custodial storage. The wallet is free to use, and it takes just seconds to set up. MetaMask processes transactions quickly, and there are no additional fees, other than the standard blockchain charge. The wallet supports multiple blockchains, including Ethereum, Polygon, Arbitrum, Optimism, Avalanche, and Binance Smart Chain.

If you’re into Ethereum staking, MetaMask should be your go-to wallet. MetaMask offers three methods to stake ETH – via pooled staking (no minimum requirement of 32 ETH), validator staking, and liquid staking (Lido and Rocket Pool). The staking rewards come with an APY that ranges between 3% and 5%. However, MetaMask also charges a 10% flat fee on validator staking rewards.

MetaMask also supports in-app token swaps. This includes the option of swapping across two different chains, such as BNB to ETH or USDC for ARB. MetaMask charges a 0.875% fee for this service. MetaMask indirectly supports INR deposits. However, this will incur a cost of up to 5%. Accepted payment methods include debit/credit cards, UPI, and IMPS.

11. Trust Wallet – Best Crypto Wallet in India for NFT Enthusiasts

Trust Wallet is a leading decentralized wallet app for iOS and Android. This non-custodial software wallet also comes as a browser extension for Chrome. However, the web extension comes with fewer features than the Trust Wallet app. Nevertheless, Trust Wallet offers non-custodial storage on a completely fee-free basis. Users are provided with a random 12-word passphrase when setting up the wallet.

Trust Wallet supports over 600 million NFTs across multiple networks. You can explore and trade NFTs by connecting the wallet to popular marketplaces like OpenSea, Rarible, and Solanart. The wallet also comes with a built-in NFT spam filter. This filter will automatically hide spam and scam NFTs. Trust Wallet also supports cross-chain token swaps and staking. There are no fees charged when swapping or staking cryptocurrencies.

Trust Wallet requires users to re-enter the passphrase to ensure it was written down correctly. After that, you’ll be able to send, receive, and store more than 10 million digital assets across over 70 blockchains. This includes everything from Bitcoin, Cardano, Solana, and XRP to Stellar, Ethereum, Arbitrum, and Polygon. INR deposits will be handled by Simplex, which means you’ll have to pay a transaction fee that goes up to 5%.

What is a Crypto Wallet?

Crypto wallets keep digital currencies like Bitcoin and Ethereum safe. They operate much like a bank account, allowing you to store, send, and receive funds. But unlike a bank account, crypto wallets are connected to the blockchain network.

What Our Expert Says...

Tsvetomir Koychev

Content Lead, Exchanges & Wallets

“This means that transactions are processed without the sender or receiver revealing their identity. Instead, wallet transactions are sent to a 'public address'. This is similar to a bank account number. All crypto wallets come with a unique public address, and there is no limit to the number that can be created.“

Tsvetomir Koychev

Content Lead, Exchanges & Wallets

Crypto wallets also come with ‘private keys‘. This provides access to the crypto wallet, much like a bank account password. Investors should never reveal their private keys to anyone. If they do, a bad actor can access the wallet and steal the cryptocurrency tokens being stored.

As a decentralized technology, there is no third party to help recover stolen cryptocurrencies. Moreover, it is important that the private keys are kept somewhere safe but easily accessible. This is because the private keys will be needed if the user forgets the password to their wallet. If both the password and private keys are no longer available, the wallet cannot be recovered.

There are two different types of crypto wallets – non-custodial and custodial. Non-custodial wallets, otherwise referred to as ‘self custody‘, give investors full control of their private keys. This means that third parties – including the wallet provider- cannot access the cryptocurrencies being stored. Non-custodial wallets are best suited for experienced crypto investors.

How do Crypto Wallets Work?

We will now explore how crypto wallets work in much more detail.

Public Address

All crypto wallets will come with a public address. This will be a unique, long string of numbers and characters. There is no harm in sharing a public address. On the contrary, the public address will need to be sent to the sender when receiving funds.

For example:

The above example highlights that crypto transactions are not too dissimilar to bank account transfers. After all, the recipient will provide the sender with their account number so that they can receive funds.

Public wallet addresses, however, are long and complex.

Here’s an example of an online Bitcoin wallet address:

3MgEAFWu1HKSnZ5ZsC8qf61ZW18xrP5pgd

The above wallet address belongs to the crypto exchange OKX, as per BitInfoCharts. The blockchain is transparent, so we can see that the wallet currently holds over 31,551 BTC tokens, valued at almost $979 million.

The transparent nature of cryptocurrencies is something to bear in mind when sharing a wallet address.

Private Keys

Crypto wallets are protected by private keys. They provide full ownership of the wallet and any cryptocurrencies being stored.

For example, if the user forgets the password to their wallet, they can regain access by typing in the private keys. The private keys do not need to be entered on the same device that the wallet is stored on.

As such, the wallet can be accessed at any time, anywhere, as long as the private keys are known. This should be a reminder that private keys should be kept safe in a secure location. Most crypto investors will write their private keys down.

Here’s an example of what a Bitcoin private key looks like:

E9873D79C6D87DC0FB6A5778633389F4453213303DA61F20BD67FC233AA33262

As is evident, private keys are even more complex than public addresses. This increases the risk of making a mistake when writing them down.

This is why the best crypto wallets in India provide users with a ‘backup passphrase’ rather than the full private key. This is usually a string of 12 or 24 words. The passphrase must be written down in the correct order. Otherwise, they won’t work when attempting to recover a wallet.

Custodianship

Understanding how custodianship works is also important when learning about crypto wallets.

Non-custodial wallets do not have access to the user’s private keys. This information is only provided to the owner of the wallet, meaning the owner has full control over their funds.

Some investors in India do not feel comfortable taking the above risks. This is because of a lack of knowledge or experience with wallet security. An alternative option is to store cryptocurrencies in a custodial wallet. This will be controlled by a third party, which also presents risks. However, the best custodial wallet providers are regulated entities.

What are the Different Types of Bitcoin Wallets?

Investors will need to choose between a software or hardware wallet. Both come with varying levels of security and convenience. For example, software wallets make it easy to transact but come with reduced security. While Bitcoin hardware wallets are much safer, they are also less convenient.

Still not sure how crypto wallets work? In this section, we discuss the different types of crypto wallets alongside their pros and cons.

Software Wallets

Casual investors and active traders will be suited for a software wallet. These are ‘hot’ wallets, meaning they are always connected to the internet.

This increases the risks, considering that software wallets are not immune to hackers. This is why it’s important to pick a software wallet with adequate security features. Software wallets come in many different forms. Desktop wallets, for example, can be downloaded to a laptop or PC. Mobile wallets come as mobile apps and offer added convenience.

Web wallets are also an option. These are offered by custodians and can be accessed from any desktop or mobile device with an internet connection. Some wallets also offer a browser extension. This is also a convenient option, but it limits access to desktop devices.

Hardware Wallets

Long-term investors and traders with large balances might opt for a crypto hardware wallet. This wallet type comes as a small physical device. The wallet will only need to confirm transactions on the device itself, usually via a PIN.

Crypto hardware wallets are also known as ‘cold wallets. This is because they are not connected to the internet.

Tips for Selecting the Best India Bitcoin Wallet

While the best India Bitcoin wallets come with solid security tools, investors should also consider other factors. For example, does the wallet offer additional features like staking or trading? Investors should also explore how user-friendly the wallet is and whether it’s suitable for their experience level.

Considering how many Indian crypto wallets there are, knowing which one to choose can be difficult. This is why we analyzed and tested over 40 wallet providers, basing our criteria on the following factors:

Supported Coins

The first thing we did while evaluating the aforementioned wallets was to check their list of supported coins and networks. For example, Ledger supports over 15,000 coins and tokens, while Margex Wallet supports only 50 cryptocurrencies. This means that Indians with a diversified portfolio may consider the former.

On the other hand, if you want to swap your coins across different blockchains, we recommend using Best Wallet and Trust Wallet, as these software wallets support over 60 blockchains.

Wallet Type

We tested and analyzed both software (hot) and hardware (cold) wallets to help you find the one that will best suit your trading style.

Inexperienced investors may prefer hot wallets, like Best Wallet and Zengo, since they are easier to use and they usually come with integrated exchanges. On the other hand, cold wallets, like Cypherock X1 and Tangem, may be a better fit for experienced traders as they enable full control over assets and private keys.

Additionally, investors should think about the device they want to store the wallet on. For example, Best Wallet offers a mobile app with the web app being built. Desktop users might consider Trezor, as this cold wallet is available as both a desktop app and a browser extension.

User-Friendliness

Having a crypto wallet without knowing how to use it won’t be of much use. This is why we downloaded the hot wallets from our list to check how they work and if they are user-friendly. We did the same thing with cold wallets to determine how long it takes to set them up.

Complete beginners may prefer a user-friendly, non-custodial wallet, such as Best Wallet. This is because no prior knowledge of wallet security is needed. More experienced investors may prefer Cypherock X1, a non-custodial hardware wallet that uses Shamir’s Secret Sharing to split your private keys. However, beginners may find this card-based wallet overwhelming due to its multi-component setup.

Fees

Basic wallet functions are usually free, such as receiving and storing cryptocurrencies. Software wallets are also free to download and maintain. You’ll only need to cover network (gas) fees, which will depend on the blockchain used.

However, this is not the case with hardware wallets, whose prices can be quite high.

For example, the Ledger Nano S Plus retails for $79. However, the more advanced Ledger Stax costs $399. On the other hand, if you’re looking for a budget-friendly cold wallet, we recommend getting Trezor. The Model One features all the necessary security measures to protect your funds, including PIN and passphrase protection, as well as a 12-word wallet backup, and it costs only $49.

Additionally, check what fees apply when sending cryptocurrencies to another wallet. The GAS charges quoted should reflect the current blockchain fee.

Trading and Other Features

Many of the Indian Bitcoin wallets discussed today allow investors to buy, sell, and trade cryptocurrencies. But it’s important to assess what charges will apply for these services.

For example, Best Wallet users who stake their coins will pay no fees to swap coins. In contrast, MetaMask charges up to 5% when buying crypto with fiat money. This is also the case with Trust Wallet and Ledger.

The reason for this is that these wallets use third parties for fiat transactions.

A good wallet should also support swapping and staking, as well as additional features, such as integration with dApps and DeFi protocols. During our evaluation, we tested all products and services to find out if they were worth all the hype. If you’re a long-term investor, we suggest you give Cypherock and Zengo a go since these providers offer inheritance services. On the other hand, if you’re hunting for new tokens with the potential to explode, you may benefit from Best Wallet’s Upcoming Tokens page and Binance Wallet’s Meme Rush feature.

Availability in India

We made sure that all hardware wallets on our list ship to India. We also checked their shipping fees. For example, Cypherock charges a $5 shipping fee, Tangem charges a $7.99 shipping fee, while Ellipal will base the costs on the product’s weight and size. On the other hand, Ledger doesn’t ship to India.

However, this wallet provider is partnered with Indian resellers, such as Etherbit.in, which ships Ledger devices for zero fees. The same rule applies to Trezor. We also made sure that all wallets support INR deposits via third-party providers.

Tutorial on How to Get and Use an India Crypto Wallet

Ready to get started with a crypto wallet, but need some guidance?

If so, follow the three-step walkthrough below to set up the Best Wallet mobile app.

Step 1: Download the Best Wallet app

Indian investors need to download the Best Wallet app on the App Store or Google Play to use it.

Step 2: Set Up Best Wallet

Once you open the app, you’ll have to verify your email address. If you want to increase your app’s security, now is your chance. You’ll be asked to activate two-factor authentication. You can skip this step if you don’t want to, though. You can always activate this feature later on.

Regardless of whether you skip this step or activate 2FA, you will have to set up a four-digit password. If your device supports biometrics such as fingerprint or face ID, you can activate this feature as well.

Step 3: Use Best Wallet

With your wallet set up, you can now buy coins with a card, or you can receive coins from exchanges or your other wallets. The Best DEX is available for you to start swapping coins and using the wallet. The more you use it, the bigger the chance of getting the $BEST token airdrops during Phase 6 of development.

How Safe Are Crypto Wallets?

The type of wallet chosen will determine how safe the cryptocurrencies are. A good starting point is to differentiate between custodial and non-custodial wallets.

If the investor opts for a custodial wallet, then they must do some due diligence on the custodian itself. For example, most custodians are unregulated exchanges. This option should be avoided.

If the investor opts for a non-custodial wallet, then they will be responsible for keeping the cryptocurrencies and private keys safe.

To reduce the risk of losing access to the non-custodial wallet, look for providers that offer the following security features:

Ultimately, if the investor has a significant amount of cryptocurrency to hand, cold wallets are the best option.

FAQs