Are you searching for the best crypto wallets in India to securely store your digital assets? Look no further. The Indian crypto landscape presents unique challenges such as 1% TDS, limited INR on-ramps, and compatibility issues with UPI or bank transfers. With the prevalence of scams, exchange hacks, and stringent tax regulations, selecting the right wallet can be daunting.

This guide aims to simplify the process for you.

We have meticulously evaluated the top crypto wallets that cater specifically to Indian users in 2025. Our goal is to assist you in finding a wallet that aligns with your objectives, budget, and risk tolerance.

Is Crypto Legal in India?

Yes, cryptocurrency is legal in India. You can buy, sell, and hold digital assets like Bitcoin without any legal restrictions. However, using crypto for day-to-day transactions is not permitted by the Reserve Bank of India. It is considered an investment asset rather than official currency. It’s important to note that crypto transactions are subject to a flat 30% tax on profits and a 1% TDS on all sales or exchanges, even if no profit is realized.

Wallets, whether hot or cold, are also deemed legal in India. Indian exchanges automatically deduct taxes, while non-custodial wallets require users to track and report their transactions independently.

How We Selected the Best Crypto Wallets in India

Our selection criteria for the best crypto wallets in India focused on key factors that are crucial for Indian users. These include:

• Support for INR transactions via UPI, IMPS, or NEFT
• Compliance with Indian tax regulations, including the automatic deduction of 1% TDS
• Token support for a variety of digital assets beyond Bitcoin
• Security features, audit history, and resistance to hacking
• User experience and customer support, especially for beginners

Best Hot Wallets for Indian Users in 2025

Hot wallets are online wallets that are ideal for daily use, trading, and accessing DeFi and NFT platforms. Here are some of the top hot wallets for Indian users in 2025:

1. CoinDCX & Okto

CoinDCX offers a trusted platform for Indian users with seamless INR deposits and tax compliance. The addition of Okto, a non-custodial wallet with enhanced security, provides users with a versatile solution for trading and exploring DeFi opportunities.

2. WazirX

WazirX is a popular choice for Indian traders, although recent security incidents have raised concerns. It is recommended to use WazirX in conjunction with a cold wallet for long-term storage.

3. Trust Wallet

Trust Wallet offers a non-custodial hot wallet solution for Indian users interested in DeFi and multi-chain support. While it lacks direct INR support, it is favored for its privacy features and user-friendly interface.

4. MetaMask

MetaMask is a popular software wallet for Ethereum and EVM chains, catering to Indian users engaged in DeFi activities. While it does not support INR withdrawals, it provides direct access to decentralized applications.

5. CoinSwitch (Kuber & PRO)

CoinSwitch offers a simple and beginner-friendly platform for Indian users to start investing in crypto with INR. However, its custodial nature limits external wallet withdrawals, making it more suitable for novice traders.

6. Coinbase Wallet

Coinbase Wallet is a non-custodial solution that provides full control over your crypto assets. With support for multiple blockchains and intuitive features, it is an excellent choice for Indian users seeking self-custody options.

7. Exodus Wallet

Exodus Wallet offers a secure software wallet for Indian users, with support for a wide range of coins and staking options. While it lacks direct INR support, it is favored for its desktop-first approach and user-friendly interface.

Best Cold Wallets for Indian Users in 2025

Cold wallets, designed for long-term storage and enhanced security, are recommended for Indian users looking to safeguard their crypto holdings. Here are some of the best cold wallets for Indian users in 2025:

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

Ledger Nano offers a range of hardware wallets that provide secure offline storage for a wide range of tokens. With advanced security features and support for popular cryptocurrencies, Ledger Nano is a trusted choice for Indian users.

2. Trezor (Model One & Model T)

Trezor hardware wallets offer open-source security solutions for Indian users seeking full control over their crypto assets. With support for numerous coins and a commitment to transparency, Trezor is a reliable option for cold storage.

3. SafePal S1

SafePal S1 provides a cost-effective cold wallet solution for Indian users, offering secure offline storage for a wide range of tokens. Backed by Binance, SafePal S1 is air-gapped for enhanced security and ease of use.

How to Choose the Right Crypto Wallet in India

Choosing the best crypto wallet in India depends on your specific requirements and preferences. Consider the following factors when selecting a wallet:

• For traders: Opt for a custodial wallet from an Indian exchange with INR support and tax compliance features.
• For long-term holders: Choose a cold wallet for offline storage and enhanced security.
• For DeFi and NFT enthusiasts: Select a hot wallet that offers multi-chain support and direct access to decentralized applications.
• For beginners: Start with a user-friendly wallet that simplifies the learning process.

Ultimately, the best crypto wallet for you is one that aligns with your investment goals, level of experience, and risk tolerance.