Best Crypto Wallet in India for 2025

Aug 29, 2025
| Up to date Aug 29, 2025

India’s crypto market is booming. With over 100 million customers and rising curiosity from on a regular basis buyers, the nation has turn out to be one of many world’s most lively hubs for digital property. However whereas shopping for crypto would possibly appear to be step one, it’s not crucial one—storing and managing it securely is.

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Many Indian customers nonetheless depend on custodial platforms like exchanges or fee apps to carry their crypto. These could seem handy, however they arrive with critical dangers. When you don’t control your private keys, you don’t actually personal your property. Your account might be frozen, mismanaged, and even hacked.

That’s why choosing the proper crypto pockets issues. On this information, we discover the various kinds of wallets accessible to Indian customers in 2025, from custodial accounts (that means, accounts that you simply create on centralized exchanges like Binance) to software program wallets and likewise {hardware} pockets choices. 

We talk about what {hardware} wallets are, filter the confusion with ‘sizzling’ vs ‘chilly’ storage for personal keys, discover the variations between {hardware} wallets and software program wallets and share insights that can assist you select the very best crypto pockets in India, one which aligns along with your expertise stage, objectives, and safety wants.

We additionally give a full rundown of the very best {hardware} and software program wallets accessible in India at present and clarify the distinction between custodial and non-custodial options.

Prime Crypto Wallets in India for 2025

Let’s begin with the fundamentals of a crypto pockets. 

What Is a Crypto Wallet and How Does It Work?

A crypto pockets is strictly what the title implies. Within the bodily world your pockets is the place the place you retain your money and financial institution playing cards. A crypto pockets shops the keys that allow you to work together with blockchain networks, handle your property, and authorize transactions.

Your pockets manages your blockchain credentials, particularly your public and private keys. These keys are important for sending, receiving, and storing cryptocurrencies 

In keeping with a 2024 Chainalysis report, India has led the world in crypto adoption for the 2 consecutive years regardless of strict regulatory circumstances. It ranked on the high throughout over 150 international locations primarily based on centralized and decentralized crypto utilization. However, whereas wallets themselves aren’t regulated in India, any INR deposits/withdrawals to a pockets by way of a third-party service should adjust to KYC and tax guidelines.

{Hardware} Wallet vs. Software program Wallet

4 phrases often come up when discussing crypto wallets: {hardware} pockets, software program pockets, cold wallet, and hot wallet. Generally these phrases are used interchangeably, however their meanings are completely different and it’s value understanding the variations.

Right here’s tips on how to inform them aside:

• {Hardware} pockets: A bodily gadget that shops your personal keys offline. For the reason that keys by no means depart the gadget or contact the web, they’re protected against on-line threats. Ledger Flex and Ledger Stax are examples of {hardware} wallets.
• Software program pockets: A cell app, desktop software, or browser extension that shops your personal keys in software program like a pc or smartphone. These units are related to the web. 

That is the place the phrases cold and warm come into play.

• Scorching pockets: Any pockets that’s related to the web. Most software program wallets fall into this class, which makes them extra susceptible to phishing, malware, and different on-line assaults.
• Chilly pockets: A pockets that retains your personal keys fully offline. {Hardware} wallets are chilly by design. So are paper wallets, the place you write your keys on a bit of paper which is saved bodily. 

The important thing distinction to recollect is that this:

• {Hardware} vs. software program refers to the kind of pockets.
• Scorching vs. chilly refers as to if or not it’s related to the web.

A {hardware} pockets is usually a chilly pockets, however not all chilly wallets are hardware-based. A software program pockets is normally a sizzling pockets, however there are exceptions the place software program wallets are used in fully offline setups.

Understanding this distinction helps you make knowledgeable selections about the way you handle and defend your crypto property.

Best {Hardware} Wallets in India for 2025

Right here Ledger Academy takes a have a look at the perfect hardware wallets you may personal in 2025.

Ledger Stax

Ledger Stax is Ledger’s most superior and premium pockets thus far. Created in collaboration with Tony Fadell, designer of the iPod, Ledger Stax brings high-end design and usefulness to the general expertise of participating with digital property

The premium crypto pockets has a big 3.7” E Ink touchscreen that’s each customizable and wraps across the gadget to its backbone. Like all Ledger units, the display screen is managed immediately by the Safe Component chip, making certain that what you see is what you signal. No spoofing, no surprises.

Because of a bigger display screen Ledger Stax makes it straightforward to handle your property, authorize transactions, and consider particulars rather more intuitively than ever earlier than. Highly effective in-built magnets let you snap and stack a number of units collectively. 

• Safe component chip: Sure
• Touchscreen: 3.7” E Ink touchscreen
• Bluetooth: Sure
• NFC: Sure
• Charging: Wi-fi

Ledger Flex

Launched in 2024, Ledger Flex represents the following era of safe {hardware} wallets. Designed for on a regular basis usability with out compromising on safety, it includes a 2.8” E-Ink touchscreen and a easy, intuitive interface.

The display screen is pushed immediately by Ledger’s Secure Element chip, providing full resistance to malware and spoofing – one thing your telephone or laptop computer can’t assure.

Like all Ledger wallets the Ledger Flex {couples} with the Ledger Live pockets app accessible on Home windows, macOS, Linux, iOS and Android. Ledger Dwell permits you to purchase, promote, swap, and stake your property, with transactions securely executed by your Ledger {hardware} pockets.

• Safe component chip: Sure
• Touchscreen: 2.8” E Ink touchscreen
• Bluetooth: Sure
• NFC: Sure
• Charging: USB-C

Ledger Nano X

The Ledger Nano X, launched in 2019, is a mobile-friendly gadget for on a regular basis use. The Nano X has a 128 x 64 pixel LED secure screen and bluetooth compatibility, making it straightforward to regulate. Although the Nano X doesn’t include the advantages of a secure touchscreen, it’s an award-winning Ledger gadget from its lineage that mixes the very best of portability, wi-fi connectivity, and a user-friendly interface.

Ledger Nano X helps as much as 100 apps, 1,800 cash, and is appropriate with over 50 wallets, making it a strong and reliable choice.

• Safe component chip: Sure
• Touchscreen: No
• Bluetooth: Sure
• NFC: Sure
• Charging: USB-C

Prime {Hardware} Wallets in India

Best Software program Wallets In India of 2025

5 of the preferred software program wallets that are all accessible and accessible in India at present.

MetaMask

MetaMask is likely one of the longest serving software program wallets in blockchain, developed by Consensys with a concentrate on the Ethereum ecosystem. MetaMask is a downloadable browser extension appropriate with Chrome, Firefox, Courageous, Opera, and Edge.

Since MetaMask is a sizzling software program pockets it’s not really useful for storing massive sums in crypto. It’s because sizzling wallets are a daily goal for hackers. In keeping with a July 2025 report launched by the blockchain knowledge evaluation agency Chainalysis, nearly 500 MetaMask wallets were compromised in a single day in late 2024. Whereas the particular assault vector can’t at all times be recognized, widespread assaults embody keyloggers, malicious apps and browser extensions in addition to different types of malware.

The menace from unscrupulous people and arranged crime teams continues. As just lately as June 6, 2025, 226 MetaMask wallets have been hacked in a day. This spike was pushed largely by coordinated exploitation of pockets software program vulnerabilities and malicious third-party infrastructure like dangerous browser extensions or misleading dApps.

Customers of sizzling wallets can take remedial steps to mitigate a few of the threat, however not all. As an illustration, it is very important stay cautious when interacting with unfamiliar web sites or sensible contracts). Do your analysis earlier than logging on to any protocol with MetaMask for the primary time. 

• Wallet kind: Non-custodial sizzling software program pockets
• Blockchains: Solana, Ethereum, Base, Polygon, and Sui
• Browsers: Chrome, Firefox, Courageous, and Edge
• Mobiles: Android and iOS
• Launched: 2021

Phantom

Phantom is a well-liked software program pockets initially developed for Solana, later increasing to multi-chain assist together with Ethereum. Appropriate with Chrome, Firefox, Courageous, and Microsoft Edge, this sizzling pockets is understood for its ease of use and non-fungible token (NFT) assist.

Phantom permits customers to make direct in-wallet purchases of Solana (SOL), Ethereum (ETH) and Bitcoin (BTC). The pockets additionally affords native staking of Solana (SOL) to permit customers to earn from the Solana they maintain on Phantom.

Phantom may also be related with Ledger units permitting customers to take pleasure in Phantom with all its advantages. You’ll be capable to ship/obtain, swap, approve dApp transactions, and handle NFTs (together with Bitcoin Ordinals/BRC-20s) with every transaction confirmed in your Ledger gadget. . It really works throughout Solana, Ethereum, Polygon, Base, and Bitcoin in Phantom, and you may even stake SOL immediately from a Ledger account inside Phantom. This can be a safer option to discover the Solana ecosystem whereas utilizing a Phantom pockets.

• Wallet kind: Non-custodial sizzling software program pockets
• Blockchains: Solana
• Browsers: Chrome and Courageous
• Mobiles: Android and iOS
• Launched: 2020

Solflare

In recent times the Solana blockchain has witnessed a surge in customers, primarily due to its assist for meme tokens together with BONK (BONK) and Fartcoin (Fartcoin).

That recognition has additionally pushed innovation in different areas. Solflare is one other sizzling software program pockets centered on the Solana ecosystem for each tokens and NFTs. Solflare additional permits direct in-app token purchases, making a compelling providing for memecoin merchants. It additionally permits staking of SOL on the Solana community.

Solflare connects on to Ledger units, so that you provoke actions in Solflare, however each transaction is reviewed and signed in your Ledger safe display screen or safe touchscreen, along with your personal keys staying on the gadget in an offline surroundings; the secure element chip (and never in Solflare).

• Wallet kind: Non-custodial sizzling software program pockets
• Blockchains: Solana
• Browsers: Chrome and Courageous
• Mobiles: Android and iOS
• Launched: 2020

Exodus

Exodus is a multi-chain sizzling software program pockets with Bitcoin assist. Accessible on cell, desktop and internet browsers, Exodus is a flexible and highly effective providing which opens the door to decentralized finance and Web3 on over 50 chains.

In April 2025 researchers on the safety agency Reversing Labs revealed how a seemingly respectable software program purportedly designed to transform Adobe .pdf recordsdata to Microsoft Workplace paperwork was hijacking and draining Exodus wallets. The seemingly respectable software contained a trojan file that continued even when the preliminary program was eliminated, posing a big ongoing threat.

Reversing Labs flagged the ‘pdf-to-office’ package deal and it has now been faraway from respectable platforms. 

There are methods to mitigate the dangers of utilizing sizzling wallets equivalent to Exodus. Because of a September 2024 collaboration with Ledger, Exodus can also be appropriate with Ledger {hardware} wallets.  Merely join your Ledger gadget to Exodus Cell and handle separate Ledger accounts inside Exodus. Each transaction is reviewed and signed on the Ledger gadget safe display screen or safe touchscreen, so your keys by no means depart it.

• Wallet kind: Non-custodial sizzling software program pockets
• Blockchains: Bitcoin, Ethereum, Sprint, Litecoin, EOS, Gnosis and extra
• Browsers: Chrome and Courageous 
• Mobiles: Android and iOS
• Launched: 2016

Backpack

Backpack is a multi-chain software program sizzling pockets for Chrome, Courageous and Arc browsers. It is usually accessible on iOS, Android and Google cell units.

Like all sizzling software program wallets it’s best follow to solely maintain sufficient crypto on Backpack for day-to-day use and interacting with Web3 protocols. Bigger sums in cryptocurrency are finest held on a {hardware} pockets.

Backpack additionally affords staking options for Solana, permitting customers to accrue staking rewards in the type of bpSOL tokens. For safer offline storage property in your Backpack pockets can be transferred to offline storage.

Backpack pockets helps native integration with Ledger units. All {hardware} pockets–related transactions nonetheless require bodily approval on the safe display screen or safe touchscreen of the gadget itself. Backpack nonetheless features as a sizzling software program pockets, however now you may pair it with Ledger to securely signal transactions with Clear Signing enabled, whereas preserving your personal keys offline. 

• Wallet kind: Non-custodial sizzling software program pockets
• Blockchains: Solana, Ethereum, Optimism, Arbitrum, Polygon and extra
• Browsers: Chrome, Courageous, Arc
• Mobiles: Android and iOS
• Launched: 2022

Best Custodial Wallet in India of 2025

Custodial wallets are apps or exchanges the place the personal keys to your wealth are held by the service supplier. These companies could have some quick time period advantages, however in the occasion of an issue equivalent to chapter or a hack, it’s possible you’ll lose all entry to your funds. In July 2024 the hack of Indian change WazirX meant customers misplaced 45% of their balances.

Now you perceive the dangers, let’s check out the very best custodial options accessible in India in 2025.

CoinDCX

CoinDCX is among the many hottest exchanges in India, with over 500 cryptocurrencies accessible for buying and selling. You should purchase, commerce and retailer your cryptocurrencies on CoinDCX though preserving massive sums on an change will not be advisable.

On July 19, 2025, CoinDCX fell victim to a $44.2 million hack when one among its sizzling wallets used for day-to-day operations – equivalent to facilitating buyer buying and selling – was compromised. CoinDCX rapidly assured prospects their funds have been secure and they might take in all losses. 

Days later, Bengaluru police arrested a CoinDCX software program engineer; investigators allege he was duped by a pretend freelance job into putting in malware on his workplace laptop computer, exposing credentials used in the breach. CoinDCX has additionally posted a bounty of as much as $11M (25% of recovered funds). 

For context, WazirX was hacked for ~$230M in July 2024; as of late July 2025 it’s nonetheless working a court-supervised revote on its restructuring scheme earlier than token distributions and a phased restart, that means many customers are nonetheless ready for full entry. 

Whereas $44M was stolen, chilly storage holdings nonetheless prevented a extra extreme breach. This highlights why exchanges typically safeguard the majority of their reserves in offline wallets. However even then, with out secure self-custody and an hermetic security model, funds aren’t as secure as they may get.

For customers who do select to carry a part of their funds on CoinDCX, the platform affords superior buying and selling choices and options together with lengthy and quick positions and leveraged buying and selling. 

CoinSwitch

CoinSwitch is a well-liked choice amongst Indian cryptocurrency merchants. It has 200 cryptocurrencies accessible. CoinSwitch additionally affords superior chart options and analytical instruments, helpful for high-volume day merchants searching for to time the market.

In January of 2025 CoinSwitch introduced a restoration and rewards program for customers who had misplaced cash in the $230 million hack of rival change WazirX in 2024. WazirX tried to cross  45% of losses immediately on to prospects in the aftermath of the hack.

ZebPay

ZebPay is one among India’s main cryptocurrency exchanges with over 100 cryptocurrencies to select from. The change permits prospects to purchase, promote and maintain cryptocurrency on the platform after sign-up, requiring a legitimate telephone quantity and e-mail deal with.

In 2020 ZebPay paid an undisclosed penalty charge to the Indian authorities for what it described as an “accounting error.” The error got here to mild after an investigation by authorities discovered violations. Like all custodial options customers should belief the change to handle the funds correctly, as remaining management rests with the change.

UPI funds have been briefly blocked on exchanges like WazirX and CoinSwitch in 2022 after regulatory uncertainty, however as of 2025, most RBI-registered Indian crypto platforms have reinstated UPI deposits.

Whether or not signing as much as CoinDCX, CoinSwitch, or ZebPay customers should additionally submit private particulars together with their PAN and Aadhaar card numbers as a part of India’s Know Your Customer (KYC) regulatory necessities. 

Best Non-custodial Wallet in India of 2025

Non-custodial wallets embody each software program and {hardware} wallets, however the best choice by far is a {hardware} pockets. It’s because {hardware} wallets, like Ledger units,provide the identical features as a custodial pockets however place full management of your monetary choices in your hand. 

Ledger units

With a Ledger gadget and the Ledger Dwell app, you may simply as simply purchase, promote, swap, stake, DCA, and even tokenize your property, however with the additional benefit of offline safety for your personal keys to retain management over your property. 

Ledger units sit on the forefront of cryptocurrency pockets know-how, constructed with Safe Component chips impregnable to malware and malicious actors. 

Ledger units additionally combine with Ledger Live, enabling the acquisition of cryptocurrencies with the Indian Rupee (INR). Ledger Dwell is supported by Home windows, Mac, Linux, Apple or Android providing a fast, highly effective answer for shopping for and managing your cryptocurrencies and NFTs.

To buy a Ledger gadget in India, you may both order by way of the official Ledger web site*, the official Ledger shop on Amazon.in , or on Etherbit.in, Ledger’s official reseller for India.  

Best Crypto Wallet for Freshmen for 2025

The perfect crypto pockets is one which aligns along with your particular wants. Memecoin merchants will need a pockets that integrates with the Solana equivalent to Phantom, however these seeking to purchase Bitcoin could look to Exodus.

For customers who don’t wish to juggle a number of software program wallets all these areas are coated by Ledger units and Ledger Dwell.

Customers who’re in day buying and selling can also want to contemplate signing as much as one of many custodial options we coated earlier in this piece equivalent to CoinDCX or CoinSwitch.

Conclusion

With the knowledge and information contained in this text it’s best to now be totally ready to enter the world of cryptocurrency with confidence and whole peace of thoughts. India at present is a high crypto adopter, with one of many largest and fastest-growing communities of digital asset holders worldwide. 

Tens of millions of Indians are experimenting and exploring with Bitcoin, Ethereum, and a variety of altcoins, making safe self-custody a vital a part of the journey.

As India pushes ahead with UPI, CBDC pilots, and its booming fintech sector, the significance of safe crypto storage can’t be overstated. By combining sturdy safety practices with the fitting instruments, Indian buyers can confidently embrace the alternatives of the digital financial system and diversify their portfolios whereas defending their long-term wealth.

With the federal government persevering with to refine its insurance policies on taxation and digital property, defending your holdings with trusted {hardware} Ledger units ensures you stay in full management, and .the easiest way to carry your cryptocurrency for the lengthy haul and discover web3 in full confidence is through the use of Ledger’s high of the road {hardware} units; the Ledger Stax, or alternatively, the Ledger Flex. These next-gen units grant you an ideal steadiness of personalization, safety, and ease-of-use.

For extra data on crypto in India, together with tips on how to start buying and selling, tips on how to arrange a purchase order plan, and the tax implications of possession, you may learn our piece Crypto in India: The Ultimate Guide.

FAQ

What’s the most safe kind of crypto pockets?

For Indian cryptocurrency house owners essentially the most safe kind of crypto pockets is a chilly pockets not related to the web. Hacks of centralized exchanges in India, together with WazirX and extra just lately, CoinDCX, serve as an example why custodial options are dangerous. Of the choices accessible on the subcontinent, {hardware} wallets by Ledger are essentially the most safe.

What’s the finest cryptocurrency pockets?

The perfect cryptocurrency pockets is one which serves your wants in a secure and safe trend. Some Indian customers want to make use of a couple of pockets, preserving a small quantity on a sizzling pockets like ZebPay or CoinSwitch for everyday buying and selling whereas preserving the majority of their wealth on a Ledger chilly pockets.

What’s the finest crypto chilly pockets?

We’re admittedly biased, however our subsequent era of {hardware} chilly wallets which embody each the Ledger Flex and Ledger Stax provide unparalleled security, safety and ease of use. In over ten years as an business chief in the blockchain business a Ledger pockets has by no means been efficiently hacked.