Bitcoin-crazy rich Indians falling prey to fake crypto wallets One Indian businessman lost a whopping Rs 28 crore in such crypto wallet scam, Shah informed. Unocoin is India's leading Bitcoin platform. Their customers can buy bitcoin with any Indian bank account via online banking or NEFT and RTGS. Jun 24, · Bitcoin wallets are not specific to a country, you can download the best wallets available out there just by have a computer and an internet connection anywhere in the world. If you are talking about Exchanges where you can buy and sell bitcoins, Zebpay and Unocoin are your only two choices that are based in india. K views View 2 Upvoters.
Wallets for bitcoin in india19 Exchanges to Buy Bitcoin & Crypto in India ()
Hardware wallet is safe from computer viruses and hacking attempt. You need to pay additional money in order to purchase a hardware wallet. Coinbase is an online cryptocurrency exchange. You can buy and sell bitcoin, Ethereum, Litecoin using Coinbase. Coinbase also offers a mobile wallet facility.
You can store and perform transactions using Coinbase wallet. Unicoin is next in the list of mobile bitcoin wallet. You can manage all cryptocurrencies stored in Unocoin account using this wallet. Unocoin wallet is available on Andriod as well as iOS. Trust Bitcoin Wallet is a decentralized exchange wallet. Trust Wallet supports many blockchain wallet Standards. Trust bitcoin wallet is available on Andriod as well as Apple platforms. Zebpay is a leading multi-cryptocurrency exchange in India.
Zebpay also offers a web-based wallet. Zebpay allows you to buy, sell and transfer your crypto coins to other wallets as well as exchanges.
Zebpay offers six different crypto currencies. Guarda offers desktop, web-based as well as a mobile wallet for different types of cryptocurrencies. Guarda also offers chrome extension. You need to open an account in WazirX to use this wallet. You can use this wallet to trade on exchange as well as the P2P platform.
Exodus is a desktop wallet that can be used on Windows, Mac, and Linux based desktop. You need to download and install the application to use this wallet. Ledger Nano X is a hardware wallet that allows you to store bitcoins. This wallet comes with a USB type chip. This device comes with a certified secured chip with enhancing security. It is a lightweight device made of stainless steel and plastic. This device comes with a battery that can be purchased from the vendor directly.
Trezor is a hardware-based wallet to store cryptocurrency. Trezor comes with security such as bootloader protection and firmware signature verification. In case of firmware version is mismatched the device erases all memory to protect from threats. Cool Wallet S is a famous hardware-based bitcoin wallet. This wallet can be used on Andriod and iOS smartphones. Cool Wallet is small in size and weight. Cool Wallet comes with a battery that can be charged with 2 Hours and provide a standby life of 3 months.
To protect your bitcoin cryptocurrency you should use most secured wallet. If possible, use wallet that does not require internet connection. Use latest antivirus, antimalware and firewall software to protect cryptocurrency. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Email Address. Raviraj is the man behind moneyexcel. He is not affiliated with any financial product, service provider, agent or broker.
The purpose of this blog is to spread financial awareness and help people in achieving excellence for money. Unocoin does not charge you anything when you send bitcoin to an email-id of a Unocoin user. Ledger Nano X is a hardware wallet that lets you store bitcoins. The hardware wallet weighs just 34 grams and is made of stainless steel and plastic.
Ledger Nano X wallet is powered by a mAh battery and can be bought directly from the Ledger online store. Weighing 16 grams, Trezor employs firmware signature verification along with a protected bootloader and update security procedure so that you are sure that your wallet is totally safe.
In case of failure of verification of invalid firmware signature, the wallet erases the device memory to protect any potential threats. To add one more layer of safety, Trezor is packed in ultrasound hardware seals that cannot be restored after breakage. You need to download the Exodus application on your desktop to use the wallet. Exodus encrypted private keys and transaction data for maximum security. You can send and receive bitcoins or other cryptocurrency using a QR code of address without worrying about the mismatch because Exodus checks all the addresses for errors.
Exodus collects a miners fee for all the payments that you make from your desktop wallet. The fee amount is not disclosed. Trust bitcoin is a mobile app-based wallet for storing bitcoins and other leading cryptocurrencies like Ethereum, Litecoin, Ripple and ERC tokens. Trust wallet has joined hands with Binance largest crypto exchange in the world and now is an official cryptocurrency wallet of Binance.
You get the comfort to trade directly using your wallet on the Binance exchange. Trust wallet protects your digital assets and your private keys with pin numbers and biometrics. You can use the Trust wallet to send and receive bitcoins via QR code. There are no charges for downloading and using the Trust Wallet app. But you need to pay a network transaction fee every time you send any cryptocurrency.
You can even have a Guarda Chrome extension for Ethereum that lets you have access to Ethereum based blockchain Dapps directly from your chrome browser. Guarda wallet never stores your private keys or information non-custodial , you own all your coins.
So you need to be careful, if you lose your backup or password then your wallet will be lost. On the Guarda wallet, the public and private keys for bitcoin and other currencies are generated in your browser that you can use to send and receive bitcoins.
Guarda used encryption technology to secure transactions and private keys. Guarda does not charge you for downloading and using the wallet. However, you may need to pay a network transaction fee for any transactions done. Cool Wallet S is a hardware cryptocurrency wallet that you can connect with Android 6 or iOS 9 and above smartphones.
The crypto wallet weighs 4. Cool wallet S can be contacted, charged in two hours and has a standby life of 3 months. Your private keys are stored in a chipset having military-grade security. BuyU Coin is a multi-cryptocurrency exchange operating in India since that stores your crypto coins in a secure offline wallet that is safe from hacking attacks.
The BuyU Coin security measures include encryption and hashing, along with the salting algorithm that prevents any fraudulent login. Their storing, decrypting, and transmitting data runs on a separate hosting infrastructure than the crypto exchange.
All the BuyU Coin wallet users need to go through the two-factor authentication for using the wallet. You need to open an account with BuyU Coin to use their crypto wallet. The wallet creation is free. BuyU Coin does not charge any fee for cryptocurrency deposit or storage. But there are charges for withdrawal depending on the cryptocurrency that you want to withdraw.
Wallets do not support multiple crypto coins and digital assets. Most of them let you store bitcoin, ethereum, ripple and litecoin. But, you need to check whether the wallet supports the cryptocurrency that you intend to hold and transact.
There are free web, mobile and desktop wallets available for storing crypto coins. You just need to download and start using them.
The only charges that you need to pay are the network transaction fees when you do a transaction that goes to coin miners. The wallets come with various security features like 2FA and encryption of private keys. On the other hand, hardware wallets require buttons to complete transactions besides the passcode. They are offline cold and are least prone to hackers and viruses attacks and are considered more secure.
You need to pick the crypto wallets depending on your transaction requirements. The hardware wallets need to be connected to your smartphone and PC before you can start using them.
The mobile, web and desktop wallets are free to download and setup. You can visit the Google Play or an Apple Store and download the app and get yourself registered and start using your bitcoin wallet. On the other hand, you need to buy a hardware wallet and wait to deliver online from a reputed platform or directly from the company. For using exchange wallets that are web or mobile-based you need to open an account with the respective crypto exchange like WazirX and Zebpay.
Bitcoins crypto are not used for making payments in India, currently. But, the wallets can help you store hard-earned crypto assets securely. The wallets give you full control over your bitcoins by providing private keys.
It is the safest way to keep your bitcoins as compared to keeping them in your exchange account. If you Loved reading this, Share with someone you care!
I share transparently how I am making passive income and where I spend my money. Thanks for so informative article for anyone and specially beginner like me. I am just starting my journey to cypto world, and this information have helped me a lot to get started. I need to invest in exchanges like gemini fx market or bitcoinworld. Out of the available options, you can go with the most trusted wallets.