The crypto industry is growing at a fast rate, and India is a strategic country for future growth because of its large population of unbanked people.
Even though the government isn’t entirely positively disposed towards crypto, the citizens clearly are in support of the industry as it gives them a much needed option to access the world of global payments.
If you’re a crypto investor or holder in India, you are definitely a part of something huge. However in dealing with crypto, you’ll need the right tools, one of which is a good wallet. Although there are several options out there when it comes to wallets, not all wallets are suitable for everyone.
In your country for instance, certain exchanges may be banned such as Coinbase, which makes it unreasonable for you to use their wallet. Therefore in this guide, we’ve curated the best wallet options for you to use in your crypto journey.
Binance Wallet
Binance is the world’s largest crypto exchange by trading volume, everyone knows that. But did you know about the Binance web3 wallet? It is a non-custodial wallet packed full of features that anyone web3 person will find irresistible.
The wallet supports hundreds of assets, and being a non-custodial wallet, allows you full control over your own funds. The wallet also supports non-fungible tokens (NFTs) and other web3 features such as decentralized applications.
In terms of security, Binance wallet ranks really high. It adopts a system that splits the private keys in three places with at least two combinations required to access the wallet. This makes it extremely difficult for any unauthorized person to access your funds. The wallet can be used on both Android and iOS devices.
Metamask
Metamask is a web3 browser wallet that was designed for interacting with the Ethereum blockchain. The wallet now supports other blockchains like Binance Smart Chain, so it is able to support more crypto assets.
It works with all major browsers as well as mobile devices, both Android and iOS. You can synchronize your use of the wallet between these devices so that you can always manage your assets.
It is also a non-custodial wallet, so you get to maintain full control over the assets in your wallet without any external interference.
Exodus
Exodus is another non-custodial wall you’ll find very useful. The wallet is available on desktop as well as Android and iOS mobile devices. You can manage it across these devices once you have the wallets across them.
Being a web3 wallet, it also supports non-fungible tokens and staking of assets, which allows anyone to stake assets and earn rewards. There are hundreds of assets supported, which you can swap right within the wallet.
It also gives you full control of your assets, making it the ideal wallet for those who wish to secure their own assets. You can also use it with hardware wallets like Ledger, Trezor and the others.
WazirX Wallet
WazirX wallet is a crypto wallet created by Indian crypto exchange, WazirX. One of the top crypto wallets in India, it allows users to easily buy, sell and trade cryptos like Bitcoin, Ethereum, Litecoin and Ripple.
There are over 100 crypto assets supported, and you can buy crypto assets directly on WazirX using different methods such as debit or credit cards. It is however a hot exchange wallet, so its security is very limited.
Trust Wallet
Trust wallet is a web3 wallet that supports millions of crypto assets from over 100 blockchains, so this is the wallet for altcoin investors. It is also a wallet that allows you to buy, hold, and trade NFTs.
You can use the wallet as a mobile app for both Android and iOS devices, as well as a browser extension for all top browsers. The wallet is also compatible with hardware wallets like Ledger, Trezor and the rest.
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