Bitcoin is on the power surge with a value of 1 Bitcoin in thousands of dollars. I can’t give a number because the value varies greatly from time to time. Back then in 2016, the value of one Bitcoin was around $1000 i.e equal to Rs. 64000 but now the value has crossed $10,000. According to the big financial firms & industry experts, the value of the bitcoin will increase more in the coming future touching somewhere around $32000 by the year-end or so.
The prices of Bitcoin vary country to country, in India the price is generally high as compared to other markets, as there is no centralized regulatory body to control the BTC trading. Also, RBI and Finance Ministry has released warnings regarding the investment in Cryptocurrency and issued a notice that trading in Cryptocurrency is at individuals own risk.
Despite the warnings and risks associated, the enthusiasm of the people had not gone down as more and more investors are looking to pour their money in this expeditious growing virtual currency.
Investing in BTC can be thrill, craze and risky at the same time. If you are in India and looking for some best bitcoin wallets to invest your cash then I have listed below all the top bitcoin wallets serving secure and safe transactions with your bank account.
Top 5 Best Bitcoin Wallets for Indians
Zebpay is App-based Bitcoin wallet with over 2.5 million downloads on Android & iOS combined. The App is simple to use and makes the bitcoin buying & selling process easy without any complexity. The Zebpay office is situated in Ahmedabad, Gujarat.
You just need to download the Wallet and set up your account using your mobile number. Verify your bank account credentials and done!
You can also use Zebpay bitcoin wallet to buy and sell bitcoins in India. Users can also send and receive bitcoins as easy as instant messaging. The only issue is transaction fees is 0.0002 BTC for BTC to BTC transaction which is fairly high.
- Direct Bank Transfer
- Deposit & Withdraw Amount
- Trade the Bitcoin
- Accept or Request bitcoin
- Referral Program
CoinbaseIt is one of the most trusted digital currency vaults with over 13 Million users. Coinbase offers broker exchange of Bitcoin, Etherum and other Cryptocurrencies. Its services are headquartered California, USA. Coinbase has 2FA authentication adding security to your bitcoins. But I recommend not to keep more money in this wallet as it may be little risky.
Another feature which you may love is connecting your PayPal account. You can even connect your bank account with the Coinbase for direct buy and sell.
This an another popular Bitcoin wallet specifically tailored for Indian users. The wallet works in same fashion as Zebpay works but offers some other functionalities which you will love like Mobile and DTH Recharge with bitcoin.
The App is easy to use and can help if you want to get multi-utility functions done with the wallet such as doing mobile recharge, Buying/selling using your bank or even buying bitcoins under systematic investment plan.
The Koinex runs as a website and presently doesn’t have an app. The website makes things easy, all you need to do is sign-up with the website. The website is dedicated to Indian customers with features like;
- Instant withdrawal in 30 secs
- Low fees compared to other high-profile.Wallets
- Multi-Cryptocurrency trading wallet
- Deposit and Withdraw cash instantly
- Trade Bitcoin, Etherum, Bitcoin Cash, Ripple, Litecoin in Indian Rupees.
- Bitcoin Gold, Golem, IOTA, Omisego and few more standard coins will come soon
- Most importantly the Portal is ‘Made in INDIA’
Another similar Website wallet, the Bitxoxo can also be a choice to consider. Similar to unocoin it has good support and service with 0% fees on transfer. All you need is to set up the account and wait till verification which will take place quite quickly. Once done you can sell, buy and a trade your Bitcoins.
- 24×7 Customer Support
- 24×7 Open for Trade
- Instant IMPS withdrawal
- Fastest Account Verification
- Multi-Signature HD wallet
- Lowest Processing Time
How to Get Started with Wallet?
The steps below are for Zebpay and are generally common for other Bitcoin wallets.
Step 1. Download the App on your Android or iOS.
Step 2. Verify your number and set up account pin.
Step 3. Go to the top right corner to open more options.
Step 4. Click on ‘verification’.
Step 5. Enter your email id and verify your email.
Step 6. Upload and enter PAN card details and click ‘next’.
Step 7. Upload and enter the required bank details and click ‘next’.
Step 8. Upload the Aadhaar card and enter required details as per your Aadhaar card and click ‘submit’.
Your account will be verified within 3 working days.
Frequently Asked Questions
1. How can I Make Profit on Bitcoins?
All you need to do is use any of the wallets above, verify your account. Once done Buy the BTC and let the value of bitcoin increase. Sell your currency at an increased amount to gain profit. The value of BTC will vary anytime and is subject to market risk.
2. Can I Use Two Bitcoin Wallets?
Yes! You can use two, three or more BTC wallets. There are no limitations on using the number of Wallets. The wallets are highly encrypted by themselves and they do not care if you use another wallet by the same name.
3. Can I Transfer and Receive the Bitcoins?
You can give and receive BTC very easily. You can also transfer BTX to other wallets just by using wallet address. The process is simple and easy.
4. Will Government Shutdown BTC
You should not fear that Government will shut own Bitcoin usage as the Cryptocurrency not operated by any country. It is highly secure and transactions take place over a powerfully encrypted unknown server.
The government can only regulate some limits but cannot shut down the wallets or Crypto usage itself.
5. Will Money be Transferred to my Account?
Yes! The money will be directly transferred to your bank account without any hassle. The mode of transfer may vary from Wallet to Wallet but generally, money is credited to your account within 1 business day.
6. Is BTC Legal?
BTC is neither legal nor illegal. The thing is there are no any rules to regulate the flow. But still, there is no stopping to cryptocurrency unless the internet is shut down.
Note & Conclusion: I hope the post was helpful. Do comment below for any assistance or support if needed.
Please read the terms & documents carefully before investing in the BTC.