Best Crypto Wallets in India For 2023

With the growing trend of cryptocurrencies, the demand for secure and reliable crypto wallets has risen manifold. There are a lot of options available in the market today, and you can choose one that suits your needs the best. 

We have listed some of the best crypto wallets for you to choose from. However, before finding an appropriate crypto wallet for your use case, let's get a general overview of crypto wallets.

What is a Crypto Wallet?

A crypto wallet is a digital wallet that provides you with the interface for transacting with your crypto assets. In addition, it securely stores the private keys of cryptocurrency that enable you to access your digital assets. 

The cryptocurrencies that you buy exist on their native blockchain. When you buy crypto, you receive its private keys that help you prove your ownership and allow you to transact using them. Your crypto wallet is responsible for the safekeeping of these keys and lets you access them when need be. 

List of Top Crypto Wallets 

Here are the top ten crypto wallets that you can choose from while starting your crypto investment journey:

• Coinbase Wallet
• MetaMask
• Trust Wallet
• Ledger Nano S Plus
• Trezor Model T
• Ledger Nano X 
• BlueWallet
• Electrum
• Crypto.com
• Exodus

Now that you know the best crypto wallets in the market, let's learn the types of crypto wallets available.

Crypto Wallet Types

Crypto wallets primarily come in two types:

Hot Wallets

Hot wallets are basically crypto wallets that connect to the internet. They provide you with the ease of accessing your crypto assets whenever you want, but the downside is that they offer less security. 

If you are new to crypto investing, choosing a hot wallet will be an excellent choice as they are beginner-friendly.

Hot wallets are available in the three following types: 

1. Mobile Wallets 

A mobile wallet is an application that lets you access your cryptocurrency from the comfort of your smartphone. They store the private keys of your crypto and enable you to transact using them on the go. Most popular mobile crypto wallets generally have applications for both Android and iOS platforms.   

The top mobile crypto wallets are:

• Rainbow
• Trust Wallet
• MetaMask
• Edge
• Exodus
• Coinbase
• Coinomi
• Crypterium

2. Desktop Wallets

A desktop wallet is a computer program that helps you securely store and manage your cryptocurrency’s private keys. They are generally compatible with the major computer operating systems like Windows, macOS and Linux. 

Compared to its other hot wallet counterparts, desktop wallets generally provide a few more features. Moreover, each desktop wallet has its unique set of features that can come handy in a variety of use cases. 

All cryptocurrencies generally have a core wallet that is available as a desktop wallet. These core wallets generally have more features than a standard desktop wallet and even allow you to run a full node in order to validate transactions within your crypto wallet. 

The best desktop wallets are:

• Trezor
• Ledger
• Atomic Wallet
• Electrum Bitcoin Wallet
• Exodus
• Guarda
• Armory
• Coinomi

3. Web Wallets

Web wallets are a type of crypto wallet that you can use from your web browser without having to download any special software or application. 

However, do keep in mind that in case of web wallets, the website will have access to the private keys of your cryptocurrencies. 

The most notable web wallets in the market are:

• Coinbase
• Binance
• MetaMask
• BitPay
• ECOS
• Exodus
• Luno
• MyEtherWallet
• Atomic Wallet
• Bit2Me

Cold Wallets

If you are an investor with a huge amount of crypto assets, a cold wallet is the best option for you. They store the private keys of your cryptocurrency offline and function as vaults that you can use for everyday transactions. 

In addition, there are also some cold wallets that connect to the internet while securing the private keys of our crypto offline. 

The types of cold wallets available in the market are:

1. Paper Wallets

As the name suggests, paper wallets are pieces of paper that contain QR codes and keys that enable you to access your cryptocurrency. Experts consider them a very safe option to store the private keys of your crypto assets as they are completely detached from the internet.  

However, paper wallets have some major disadvantages. There is always the risk of someone viewing the keys, you misreading them, or the paper getting soiled or damaged. 

If you want to store your crypto’s private keys on a paper wallet, make sure to keep them somewhere safe. 

2. Hardware Wallets

Hardware wallets are cold wallets that store the keys of your crypto offline on a physical device. They are the most convenient form of cold wallets as you can use a hardware wallet by simply connecting it to your computer like a USB flash drive. 

The most significant advantage of hardware wallets is that even when your system is connected to the internet, the private keys remain in the safety of the device. Additionally, your hardware wallet will only request for the transaction details and provide data validation, thereby completing your transaction. 

Best Hardware Crypto Wallets

These are the best hardware crypto wallets that you can choose in the current market:

• Ledger Nano X
• Trezor Model T
• Ledger Nano S
• ELLIPAL Titan
• CoolWallet Pro
• Safepal S1
• Keystone Pro

Best Crypto Wallets in India

Here are the best crypto wallets for Indian investors:

• Binance
• WazirX
• Ledger
• CoinDCX
• BuyUcoin
• Zebpay

Best Multi Cryptocurrency Wallets

When you plan on investing in multiple cryptocurrencies, you need to choose a crypto wallet that supports a wide variety of crypto coins. 

These are the best multi-cryptocurrency wallets that you can opt for in the current market scenario:

• Exodus
• Coinomi
• Trezor
• Ledger Nano S
• Coinbase
• StormGain
• WazirX
• Binance
• Atomic Wallet
• Trust Wallet

Which Crypto Wallet is The Most Secure?

The most secure crypto wallet is ZenGo. It is a non-custodial crypto wallet that removes the private key vulnerability by securing it with encrypted biometrics. 

Moreover, this crypto wallet also offers 24/7 in-app customer assistance and supports more than 70 major cryptocurrencies. 

Crypto Wallet With The Lowest Fees

If you are searching for a crypto wallet with the lowest fees, go for Coinbase Wallet. It only charges network fees and is an excellent option for beginners. 

Best Crypto Wallet For NFTs

Collecting NFTs is a hot trend among crypto investors. So, if you are into collecting or investing in them, you need to choose a crypto wallet that supports the blockchain protocol on which NFTs are built. 

Here are the top 5 NFT crypto wallets that you can choose:

• MetaMask
• AlphaWallet
• Math Wallet
• Coinbase Wallet
• Trust Wallet

While opening a new crypto wallet, make sure to back up the recovery phrase. The recovery phrase is like a master key to your crypto wallet, and losing it can result in the loss of all your crypto assets. Moreover, if your recovery or seed phrase falls into the hands of a cybercriminal, your account can get wiped in a matter of minutes.