Bitcoin wallet is a primary step for anyone who wants to use Bitcoins. Because without using a wallet an individual won’t be able to store Bitcoins, spend or receive it. The Bitcoin wallet performs the function of a regular interface like that of bank account for the monetary system.
Bitcoin wallets are capable of private keys; which enables secret codes that allow the Bitcoin wallet user to spend Bitcoins confidently. Be it the online shopping with Bitcoins or any other E-Commerce activity which accepts Bitcoins as a mode of currency. Therefore, the private keys become the stored value of the actual Bitcoins. In simple terms, a bitcoin wallet is like an app or a website, or a simple device that manages the private keys of Bitcoin for the user. Bitcoin wallets let the user handle the investment in the Bitcoin‘s market with ease.
Some of the top Bitcoin wallets in India are mentioned below.
Unocoin
This particular firm is a Bitcoin wallet in India and is one of the leading firms. It allows a large number of options when it comes to buying Bitcoins via bank accounts through means of net banking, NEFT or RTGS. It is one of the regulated companies in India established according to the law of the land.
The company is founded through investments made from the United States. It has a low percentage fee of just 1%. However, with larger trading volumes this percentage goes down to 0.7%. The speed with which this wallet works is amazing, however, it is not that great when it comes to the privacy aspect. Although, no privacy breach has taken place so far and it has a high reputation in the Bitcoin wallet market around the world.
Zebpay
This firm offers great IOS and Android apps for anyone who wants to use Bitcoins. The mobile apps let the user connect the personal bank account with the Bitcoin interface. It is a great platform for the exchange of Bitcoins across the spectrum.
It is another regulated companies when it comes to Bitcoin transactions in India. This is a good aspect as Bitcoins can cause some serious issues relating to security and personal privacy matters. One of the unique features of Zebpay is that it offers additional features such as vouchers and purchase of mobile airtime. The interface of this Bitcoin provider has average speeds, however, with great user-friendly add-ons.
CoinMama
This is another popular Bitcoin wallet available in India. This wallet allows the purchase of Bitcoins so the use of debit and credit cards. However, it also charges a high transaction fee of 8% on each transaction. Some of the best features of this Bitcoin platform is that it gives the user the freedom to exchange Bitcoins at any volume. It works almost in any country around the world and has a high trust level in the Bitcoin market.
Apart from its high transaction fee, CoinMama is a popular broker of Bitcoin and is highly regarded Bitcoin wallet in India.
LocalBitcoin
This Bitcoin wallet is an escrow service which allows for facilitating the match of buyers and sellers of Bitcoins. The most used mode of purchase of Bitcoins on this platform is through cash. However, the buyer may indicate the mode of payment for purchase individually to the seller.
One of the unique features of LocalBitcoin is that it facilitates the meeting place of buyers and sellers of Bitcoin which in return provides the highest level of privacy and security. This Bitcoin wallet is the best when it comes to in-person purchase and selling of Bitcoins in India. Although, the ease of use is not that high, however, the privacy level is surely there for those who crave for it.
