Last Updated on January 29, 2024 by cryptocreed
Dealing with Crypto in India can be difficult as the government of India is not showing any crypto-friendly attitude. In recent times we got the news that GoI blocked URLs of different overseas exchanges including Binance and Kucoin.
Hence it is important to store cryptocurrency at self custodial wallets, a wallet which is under your control. Hardware wallet crypto is one of the best ways to store any coin offline.
But it is not easy to buy a Crypto hardware wallet in India, one who is an expert may buy any hardware wallet according to their need but when it comes to newbies they need to know everything that needs to be known before buying a hardware wallet.
In this Hardware Wallet Crypto India article you are going to know who should use a hardware wallet, where to buy it, how much it costs, what suitable wallet, and much more.
Who Should Buy Hardware Wallet in India?
The hardware wallet is highly preferred by the holder (HODL), the person who has held large amounts of crypto for a long time. Suppose there are two different people, one has more than 20K worth of crypto and one has around $500 then it is highly recommended for the first person to store their coins in a hardware wallet, as they are more secure.
If you are a holder, company owner, investor, token holder, or any person who carries a large amount of crypto then you should choose hardware wallets first, the best alternative to a hardware wallet is a crypto paper wallet.
As an Indian resident, the crypto community is facing different restrictions imposed by the government. In such cases, you should not put your money in exchanges, or store it in any self-custodian wallet like a hardware wallet or paper wallet.
Should I buy Hardware Wallets From A Reseller or Not?
There are very few resellers of hardware wallets in India like EtherBit. Buying a crypto hardware wallet in India from reseller stores might be not your first choice
EtherBit is a verified reseller of most of the crypto hardware wallets. But if you buy from them then you will find there is a huge price difference between reseller stores and there are chances that you will get a malfunctioned product.
For example, if you buy OneKey Mini from the official store then it will cost you $58 (equal to ₹4800) and if you buy from the resellers then it will cost you more than ₹6300.
Best Hardware Wallet India
Choosing a hardware wallet in India might be hard for most of them because there are many hardware wallets to choose from.
Most of you have heard about Trezor and Ledger, but we do not recommend Ledger
OneKey was founded in 2019 which makes newest hardware wallet provider but also it is one of the cheapest wallets among all other hardware wallets. It is headquartered in Hong Kong.
You can use OneKey wallets with their extension and Desktop or Mobile App. Their apps are available for macOS, Windows, Linux, iOS, and Android.
Following are services that you will get with the OneKey wallet. Swap, Massive list of coins, EIPs, Portfolio manager, EVM Chain list, and more.
OneKey is compatible with major third-party software like Metamask, Trezoe, Bitcoin Core, Electrum, Nano Wallet, EtherWall, and SparrowWallet.
They have three different wallets Mini, Classic, and Touch prices are $58, $89 & $249 on the official store. On Etherbits, you will get it for ₹6300, ₹10,000, ₹17,000.
Crypherock is a made-in-India hardware wallet company founded in 2019 and vouched for by some of the well-known crypto experts. They have only one hardware wallet that was fully reviewed by security giant KeyLabs the firm that found vulnerabilities in Trezor and Ledger.
Crypherock offers an extra layer of security by not allowing the need for seed phrase backup. You don’t need to take backups of your seedphrase. Cypherock splits your private key into 5 parts using Shamir’s Secret Sharing algorithm. It stores keys in X1 Vault & X1 cards
You can find all major coins including Bitcoin, Litecoin, Ethereum, Cardano, and all other tokens. Collectively they support more than 3000 coins & tokens.
Use “getcypherock” coupon code to get 40% off on the purchase of Cypherock X1.
The price of Cypherock X1 is ₹12999. You can buy Cypherock on EtherBits.
Trezor is one of the oldest hardware development companies founded in 2013. It is based in the Czech Republic registered firm that never got hacked or faced any big vulnerabilities.
Trezor is one of the simplest-to-use crypto hardware wallets, even newbies can easily use the wallet. They support more than 8000 coins & tokens.
Every single step you want to take related to your wallet will be shown on the digital screen.
You will find three different models which come with different features. You can find Trezor Model One, Safe 3, and Model T. If you buy them from the official store then it will cost you $59, $79, and $179.
If you buy them at a reseller store then it will cost you around ₹7,000, ₹9,500, and ₹25,000.