Are you searching for the safest and easiest ways to store your crypto in India? You’re not alone in this quest.

Many recommendations about crypto wallets overlook a crucial factor: the unique landscape of India’s cryptocurrency ecosystem. The imposition of a 1% TDS, limited access to INR on-ramps, and varying support for national payment options like UPI or bank transfers complicate the selection process. Considering the prevalence of scams, exchange hacks, and the intricate tax regulations adds to the daunting task of choosing the right wallet.

This comprehensive guide aims to simplify the complexity.

We have meticulously evaluated the top crypto wallets available in India as of 2025. Our mission is to help you find a wallet that aligns perfectly with your financial goals, budget, and risk appetite.

Is Cryptocurrency Legal in India?

Indeed, cryptocurrency is legal in India—users can freely buy, sell, and store Bitcoin and other digital assets. However, payments using crypto for everyday transactions, such as rent and groceries, are prohibited as the Reserve Bank of India (RBI) does not recognize it as legal tender. Yet, investing in crypto remains entirely permissible.

That said, taxing your gains is a reality. In 2025, profits are taxed at a flat rate of 30%, and there is a mandatory 1% TDS on every transaction, even those resulting in losses. This taxation applies whether utilizing Indian exchanges like CoinDCX or specific P2P platforms.

Crypto wallets are also legal, allowing users to manage their assets through hot or cold wallets. If you transact through an Indian exchange, your taxes will typically be deducted automatically. However, with non-custodial wallets such as MetaMask or Ledger, you’re responsible for tracking and reporting your transactions.

For a complete overview of crypto taxes in India, check out our detailed guide.

Criteria for Selecting the Best Crypto Wallets in India

With countless crypto wallets available, most aren’t designed with Indian users in mind. Some lack INR support, fail to comply with local tax regulations, or lack proper customer service within India.

To ensure we highlight the most suitable wallets for Indian users in 2025, we concentrated on key factors important to buyers and investors here.

First and foremost was INR Support. Can the wallet facilitate deposits or withdrawals through UPI, IMPS, or NEFT? Does it work smoothly with Indian exchanges? A wallet that complicates money movement isn’t worth it.

Secondly, we examined KYC Compliance. Given India’s automatic TDS deductions, does the wallet take care of this for you, or will you need to track it yourself? For example, CoinDCX provides automated tax reports, while MetaMask does not.

Token Support came next—we ensured the wallets offered a variety of cryptocurrencies, including Bitcoin, Ethereum, Polygon, Solana, and facilitated access to NFTs and DeFi. A good wallet should offer more than just Bitcoin.

Security was critical. We assessed audit histories, recovery options, and previous security incidents.

Lastly, we evaluated the User Experience and customer support, especially for beginners, as even the best wallet is ineffective if users can’t navigate it or seek help when needed.

Top Hot Wallets for Indian Users in 2025

Hot wallets remain connected to the internet, making them ideal for everyday transactions. They’re perfect for casual users, traders, or anyone engaged with DeFi or NFTs. Most are cost-free, easy to set up, and offer features like staking, token swapping, and support for various blockchains.

Here are the top hot wallets for Indian users in 2025:

1. CoinDCX & Okto

CoinDCX is considered one of the most reliable crypto exchanges in India. Its built-in wallet provides an easy way to make INR deposits, thereby relieving users from tax-related stress. Supporting IMPS, NEFT, and UPI, the app automatically deducts the 1% TDS and provides ready tax reports—perfect for newcomers.

More advanced users can leverage Okto, a non-custodial wallet integrated within CoinDCX. It simplifies crypto management while ensuring that you have control without worrying about seed phrases, thanks to its use of multi-party computation (MPC).

CoinDCX and Okto together deliver seamless INR access, tax compliance, and the freedom to venture into DeFi with a range of over 500 tokens across 20+ blockchains—all from one app.

2. WazirX

WazirX maintains its reputation as one of the most popular crypto platforms in India, offering a custodial wallet with convenient INR deposits via IMPS and P2P transactions. It supports trading in over 250 coins and automatically deducts 1% TDS, enabling easy tax reporting.

However, following a significant security breach in 2024, many users prefer to utilize WazirX solely for immediate purchases rather than long-term storage.

WazirX is a solid option for beginners, but it’s advisable to pair it with a cold wallet for better long-term security.

3. Trust Wallet

Trust Wallet is a leading non-custodial hot wallet, especially favored by Indian users engaged in DeFi activities. You have full control of your private keys without the need for KYC or accounts, and it supports over 70 blockchains and staking, integrated with a dApp browser.

However, direct INR or UPI support is unavailable, but third-party services like MoonPay enable crypto purchases (albeit with higher fees). Many have been seen transferring crypto from exchanges like WazirX or CoinDCX to Trust Wallet for its privacy and multi-chain capabilities.

If you value flexibility and control, Trust Wallet is among the top crypto wallet options in India, appealing to both novice and experienced users.

4. MetaMask

MetaMask remains a popular choice among Indian users, particularly for Ethereum and EVM-compatible chains. It’s a non-custodial wallet, giving you ownership of your private keys while easily connecting to dApps, NFTs, and DeFi tools.

Although it doesn’t support INR withdrawals directly, you can acquire crypto on exchanges and then transfer it here. While Metamask briefly offered UPI support through Transak, those services have since been suspended.

No TDS is deducted automatically, so you’re tasked with manually addressing your tax obligations. Interestingly, for those delving into DeFi, it remains a top-tier option.

5. CoinSwitch (Kuber & PRO)

CoinSwitch offers a straightforward avenue for beginners to access crypto with INR. The Kuber app boasts a user-friendly interface, supports over 80 coins, allows INR deposits via IMPS/NEFT, and provides downloadable tax reports with the automatic 1% TDS deduction.

Being a custodial wallet, CoinSwitch maintains control over your crypto assets. Its major limitation is that direct withdrawal to external wallets is prohibited.

For those new to the crypto world, CoinSwitch Kuber provides a simple on-ramp. Still, serious traders or those interested in DeFi may find other options more suitable.

6. Coinbase Wallet

Coinbase Wallet gives you complete control of your assets as a non-custodial wallet. Prized for its user-friendly interface and features, it allows you to maintain your 12-word seed phrase securely. It accommodates Bitcoin, Ethereum, Solana, and Polygon with native swapping capabilities.

While direct INR deposits or withdrawals aren’t offered, third-party options like MoonPay exist for small card payments, though UPI isn’t guaranteed to work.

Its standout traits include support for both Bitcoin and Solana alongside an intuitive user interface—making it one of the paramount crypto wallets for self-custody in India.

7. Exodus Wallet

Exodus distinguishes itself with a sleek interface, available on desktop and mobile. It supports over 260 cryptocurrencies and offers staking capabilities within the app. You maintain control of your recovery phrase and can even enhance security by integrating it with a Trezor.

However, it lacks direct INR or UPI support, and while third-party fiat options are available, fees tend to be high. Typically, Indian users prefer Exodus for storage and tracking rather than making purchases directly.

Best Cold Wallets for Indian Users in 2025

Cold wallets offer enhanced security, functioning offline, making them ideal for long-term holders. If you’re not an active trader and simply want your crypto assets to remain safe, these wallets are for you.

While hot wallets stay connected to the internet, cold wallets protect private keys entirely offline, making them less vulnerable to hacks, phishing scams, and exchange failures.

In India, growing concerns regarding security breaches—like the WazirX incident—are prompting more users to opt for cold wallet solutions for self-custody. If you’re safeguarding a significant amount of cryptocurrency or desire additional security, cold wallets are highly recommended.

1. Ledger Nano (S Plus, X, Stax)

Ledger stands out as the most reputable hardware wallet among Indian users seeking reliable long-term storage. As a non-custodial option, it safeguards your private keys offline with a secure chip. Their range includes budget-friendly options like the Nano S Plus and the high-end Ledger Stax featuring a touchscreen.

It supports over 5,500 tokens and functions seamlessly with MetaMask, enabling staking or access to DeFi via the Ledger Live app. Direct INR support isn’t available, which means you’ll need to acquire crypto via an exchange first.

Prices in India start around ₹9,999. For users seeking the best cold storage solutions in India, Ledger remains unparalleled.

2. Trezor (Model One & Model T)

Trezor carries a legacy as a trusted hardware wallet known for its open-source philosophy. Available in two models—Model One (basic) and Model T (high-end with touchscreen)—it allows you to maintain full control of your keys, securely stored offline, with no KYC or data tracking involved.

The Model One supports over 1,200 coins, while the Model T accommodates more than 1,800, including BTC, ETH, ADA, and XMR, and both integrate with Trezor Suite and MetaMask. INR support isn’t direct; you’ll need to fund via exchanges.

Starting at around ₹7,999, Trezor is an excellent choice if you value control, transparency, and a reliable cold wallet.

3. SafePal S1

SafePal S1 presents a cost-effective option for cold storage, endorsed by Binance, and supporting over 10,000 tokens across 30+ blockchains, including BTC, ETH, SOL, and NFTs.

It operates without Wi-Fi, USB, or Bluetooth connectivity, using an air-gapped method to keep your transactions secure, which are signed offline using QR codes. Its companion app helps in managing assets, staking, swapping tokens, and engaging with DeFi protocols.

Although it lacks INR support or tax reporting features, it’s typically used alongside exchange wallets, necessitating individual management for transactions and taxes.

With a starting price of ₹6,499, SafePal is a compelling alternative to Ledger and Trezor for secure cold storage without breaking the bank.

How to Choose the Right Crypto Wallet in India

Choosing the best crypto wallet in India is a personal decision based on your specific needs.

If you’re a trader, consider using a custodial wallet from Indian exchanges like CoinDCX or WazirX, ensuring easy INR deposits via UPI or IMPS, streamlined 1% TDS deductions, and facilitating frequent buying and selling. For wallets that don’t handle TDS deductions automatically, apps like Bitcoin.Tax can assist in maintaining accurate records for tax reporting.

If you’re a long-term holder, opt for cold wallets such as Ledger or Trezor. These wallets keep your private keys offline, significantly enhancing security against hacks or phishing attempts. Just ensure you don’t lose your recovery phrases!

For enthusiasts of DeFi or NFTs, hot wallets like MetaMask and Trust Wallet are ideal options, offering direct dApp connections and full control, albeit they require a deeper understanding.

For beginners or those who prefer mobile solutions, wallets like CoinSwitch, Trust Wallet, or Coinbase Wallet offer easy setup and educational resources without overwhelming complexity.

The best Bitcoin wallet in India for you is the one that aligns with your objectives, usage patterns, and comfort level regarding risk—not necessarily the one with the most extensive features.