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Tag: Ewallets

  • How Does Google Pay Make Money? | Google Pay Business Model

    Google Pay is a digital wallet platform and online payment system developed by Google to power in-app and tap-to-pay purchases on mobile devices. Google Pay enables its users to make payments with their Android devices phones, tablets, watches, etc.

    In addition, the service also supports passes such as coupons, boarding passes student ID cards, event tickets, movie tickets, public transportation tickets, store cards, and loyalty cards.

    It can be used for online payments, in-app purchases, contactless in-store payments, and even for sending peer-to-peer money. So whether someone is browsing for a new pair of sneakers online or buying your morning coffee, Google Pay can do all the heavy lifting for them.

    In this article, we’ll take a closer look at the Google Pay business model, how it makes money and how it has become one of the most successful digital payment solutions in the world.

    Safe, simple and fast payments l Google Pay hai, tick hai

    Google Pay Key Features
    Google Pay Business Model
    How Does Google Pay Make Money | Google Pay Revenue Model
    Sources Through Which GPay Makes Money
    Google Pay Net Worth
    Growth of Google Pay in India
    Funding Received by Google Pay

    Google Pay Key Features

    • Easy and Convenient Payments: Google Pay makes it easy and convenient to make payments using your mobile device. You can make payments using your phone, tablet, or smartwatch, without the need for cash or physical credit cards.
    • Integration with Google Services: Google Pay is integrated with various Google services, such as Google Chrome, Google Assistant, and Google Maps, which makes it easier to make payments while using these services.
    • Secure Transactions: Google Pay uses multiple layers of security to protect your payment information, including encryption, tokenization, and biometric authentication (such as fingerprint or facial recognition).
    • Multiple Payment Options: Google Pay supports multiple payment options, including credit cards, debit cards, and bank accounts. You can also add loyalty cards and gift cards to your account for easy access.
    • Rewards and Cashbacks: Google Pay often offers various rewards and cashback programs for using the service, such as earning rewards for making purchases or referring friends.
    • Bill Payments: Google Pay allows you to pay various bills, including utility bills, credit card bills, and more, all within the app.

    Google Pay Success Story | Promoting Cashless Transactions
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    Google Pay Business Model

    Google Pay has been consistently rising in India, The Alphabet and Google CEO- Sundar Pichai said that the company has taken cues from the successful experience in the country and would soon put out a revamped digital payments product globally.

    Compared to the other mobile wallets Google Pay is successful in India because of its business model which includes the following factors:

    • Partnership-Focused Innovation
    • Localization for Success
    • Ecosystem Integration
    • Small Business Support
    • Job Seeker Support
    • Digital Payment Awareness
    • Rural Outreach
    • Entity-Based UX
    • In-App Engagement
    • Cashback Offers

    Google Pay focuses on partnerships, localization, and ecosystem approach as it forged deep partnerships with the central bank and government to innovate and build collectively and make products interactive and open to working jointly within the ecosystem.

    The company deepened its support for small businesses through a new app called Google Pay for Business which was a free and easy way for small merchants and storefronts to enable digital payments without the hassle of a time-consuming verification process.

    Google Pay also supports job seekers by introducing a spot on Google Pay to help people find entry-level positions that aren’t always easily discoverable online.

    It collaborated with the Government to come up with Digital Payment Abhiyan to increase awareness about cashless payment and online financial security in the country.

    The company also launched the Vodafone Idea Phone Line to help people in rural areas where the internet connection is weak to get information about everything.

    Its entity-based UX users search for who they paid earlier rather than the transaction date and time. Under the entity-based model, users see individual chat leads of every individual or merchant, they transact with, whenever they have to check a payment record.

    Google Pay introduced the spot platform in India which is a way for the business to create an experience and engage their customers within the Google Pay app. Popular services like UrbanClap (now Urban Company), Goibibo, MakeMyTrip, RedBus, Eat.Fit, and Oven Story were the first to board in its early access program.

    Scratch cards are another attraction as Google Pay provides lucrative cashback and offers on varying transactions. These cashbacks are directly credited to a linked bank account. The app also provides multiple payment options so users can transact through their mobile numbers and Virtual Payment addresses.

    Biggest Contactless Payment Brands at POS in India as of March 2024
    Biggest Contactless Payment Brands at POS in India as of March 2024

    How Does Google Pay Make Money | Google Pay Revenue Model

    Google Pay has several global revenue-making opportunities. The revenue might be both from transaction fees from banks or merchants which is $4.1 billion and also from ads and product offers within Google Pay which is $0.4 billion.

    Google Payment India Private Limited reported its revenues for the financial year 2020-21 as ₹14.8 crore. The company further reported a net profit of ₹1.4 crore during the same fiscal.

    Google Pay was first launched in August 2017. Google first named this app “Tej” and later changed the name to “Google Pay“.

    Google Pay does not charge its users for accessing Google Wallet. Receiving and sending money on Google Pay is free. Previously, the company had an agenda of adding a 2.9% fee to funds via debit card. However, now the plan is dropped and it’s all free as mentioned above.

    The app has over 67 million monthly active users and enabled more than 2.5 billion transactions and now has an annual run rate of over US$110 billion in transaction value. This app user can now pay at more than 200,000 stores in more than 3,500 cities and towns, and more than 2,700 online merchants.

    PhonePe Success Story: India’s Leading Payments App | Revenue Model | Business Model | Valuation |
    PhonePe is an Indian digital payment and financial services company. Explore PhonePe’s business model, revenue, history, founders, funding, valuation, growth, and more.
    StartupTalkyPurbalee Dutta

    Sources Through Which GPay Makes Money

    Google Pay earns money through the following sources:

    • Mobile Recharges: The basic revenue model of Google Pay is mobile recharges. Whenever a user recharges on any SIM operators from this app, then they get a commission from that operator on every recharge.
    • Bill Payments: Google Pay allows you to pay for any kind of bill from this app such as electricity, DTH recharge, water, insurance, loan repayment, postpaid bills, and so on. Whenever you pay any company bill, it takes a commission from that company.
    • UPI Transaction: So this app does not earn from UPI transactions, it just analyzes your transaction data, which it uses to make its new product. The main reason most people use Google Pay is for UPI payments. The app also provides more services such as mobile recharge, and bill payment. So when people have to use either or both of these services, they use this app and this app earns from both the services.
    • Ad Revenue: Google Pay uses its large user base and transaction data to offer targeted ads, generating revenue through in-app promotions and merchant-sponsored offers. Ads are personalized based on user behavior and spending patterns, appearing within the app or across Google platforms. Merchants also pay to feature special offers, driving traffic to their sites or apps.
    • Partnerships: Google Pay earns revenue through partnerships, ads, transaction fees, and in-app purchases. It teams up with banks, e-commerce platforms, and payment providers, often sharing revenue from transactions like virtual card payments.

    Google Pay Net Worth

    The company’s net worth stood at ₹12.8 crore for FY21 compared to ₹10 crore at the same time the previous year.

    Growth of Google Pay in India

    Google mobile payment system Google Pay has emerged as the king of UPI payments in India, with an annualized transaction value worth $110 billion. Google Pay has 150 million users worldwide, with 67 million users in India. Millennials are 30% of active users of Google Pay.

    According to a report by GlobalData, the value of mobile wallet payments in India experienced a compound annual growth rate (CAGR) of 72.1% from 2019 to 2023, reaching INR 202.8 trillion ($2.5 trillion) in 2023. Mobile wallet payments in India are projected to exceed INR 531.8 trillion by 2028.

    In India, Google Pay holds a 35% market share in UPI payments. The app resembles a chat app that is easy to use and is available in local languages.

    The platform is used by customers to buy train tickets, pay bills, and even purchase lunchtime meals from street vendors. In India, local stores have begun to accept Google Pay payments via a phone application. Meanwhile, the Google Pay platform’s update includes features like tokenized cards for more secure payments, food security, Google Pay for business, e-KYC, and simpler onboarding and donations.

    In India, Google Pay is facing stiff competition from other fintech startups including wallets such as Paytm, PhonePe, Amazon Pay, Airtel Payments Bank, etc. The upcoming contender in the race is the Whatsapp Pay service by Facebook.

    Funding Received by Google Pay

    Founders of Google Pay in India raised $13.2 million in January 2020 in a Seed funding round for its neobank, Fi led by Sequoia India and Ribbit Capital. Also participating in the funding rounds were David Velez, Kunal Shah, and VC fund Hillhouse Capital.

    In October 2020 the investment app, ETMONEY, had partnered with Google to offer Google Pay users a route to invest in mutual fund schemes and the National Pension System (NPS).

    This collaboration will allow Google Pay users to identify the right mutual fund schemes and invest in them within minutes using their Google account and Unified Payments Interface (UPI) ID.

    Google Pay users will not have to create a user ID to access this facility. It will be the same if one wants to invest in NPS as well. Sujith Narayanan and Sumit Gwalani, both co-founders of Google Pay India formerly called Google Tez said that the seed funding brings the Neobank startup Fi to a valuation of roughly $50 million.

    FAQs

    What is GPay?

    Google Pay is a fast and simple way to pay using credit or debit cards saved to your Google account. It works for online purchases, in-app transactions, and in-store payments with your Android device.

    What is the revenue of Google Pay in India?

    Google Pay revenue in India was INR 1467 crore in 2021.

    How many people use Google Pay worldwide?

    Google Pay has 150 million users worldwide.

    How does Google Pay make money in India?

    Google Pay makes money through commissions it gets for transactions from companies or operators. For every transaction that you make using Google Pay, it gets a commission from the company.

    Who are the competitors of Google Pay in India?

    The top competitors of Google Pay in India are:

    • PhonePe
    • Paytm
    • PayPal
    • Amazon Pay
    • Whatsapp Pay

    Is Google Pay profitable?

    Google Pay is likely profitable for Google, though its standalone earnings are not publicly disclosed.

    What is GPay business model?

    Google Pay business model earns revenue through transaction fees, targeted ads, partnerships with banks and merchants, and in-app promotions.

  • Paytm Vs PhonePe: Which is Better?

    The invention of the ATM revolutionized the way we exchange and handle money. And the advent of digital wallets has put that revolution into oblivion. Why? We now carry out transactions without cash or card in our pockets. Digital wallet or UPI (United Payments Interface) was launched in 2015 by the state-owned National payments corporation of India (NPCI), the organization that manages all the digital payments in India. UPI is racing towards becoming the leading payment mode in India today.

    With the development of the Unified Payments Interface, the battle over digital payments has narrowed down to 3 major players: Google Pay, PhonePe, and Paytm. In the month of February 2021, the National Payments Corporation of India (NPCI) recorded the total Unified Payments Interface (UPI) transactions in India at 2.29 billion as compared to 2.30 billion in January. Paytm achieved over 1.2 billion monthly transactions. Paytm has the highest market share in offline merchant payments with 15 percent month-on-month growth. Whereas, PhonePe in its quarterly report (Q2 2021) stated that the company clocked over 3.94 billion transactions on its platform, with a total payments value of over Rs 7.47 lakh crore.

    E-wallets such as Paytm and PhonePe were saviors for Indians after demonetization took place in November 2016. Imagining transactions without these two mobile wallets is not possible anymore. In fact, the digital payments space has become too crowded with the emergence of several Indian fintech ventures; digital platforms are competing against each other to provide customers with the smoothest transaction experience. Which is better PhonePe or Paytm? Which is more secure Paytm or PhonePe? This StartupTalky post compares Paytm and PhonePe using 10 parameters to solve the debate.

    About Paytm
    About PhonePe
    Paytm Vs PhonePe – 10 Vital Comparison
    FAQs on PhonePe Vs Paytm

    PhonePe vs Paytm vs Google Pay 

    About Paytm

    Paytm was launched by Vijay Shekhar Sharma in 2010. One97 Communication Ltd is Paytm’s parent company. Paytm is counted amongst the best payment apps in India and offers a mobile wallet for carrying out transactions. It also allows bill payment for mobile services, DTH services, and much more. Paytm has established itself as a sophisticated mobile payment application and has catered to more than 250 million users in the last 8 years. It has the capacity of handling more than 5000 transactions per second.

    Some salient features of Paytm are:

    • Zero banking charges
    • Transaction limit of INR 1 lakh for wallet along with UPI bank transfer
    • RBI-approved safe and secure digital wallet
    • The payments bank, ticket booking (for trains, buses, flights, and movies), and UPI payments

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    About PhonePe

    PhonePe is also counted amongst the best payment apps in India. It was founded by Sameer Nigam and Rahum Chari, former Flipkart employees, in 2015. In 2016, PhonePe became the first Android app to provide UPI-based user services. Within just 3 months of its launch, the PhonePe app hit 10 million downloads. PhonePe also reached the 50 million badge on the Google play store pretty quickly. However, it wasn’t a smooth sail for this digital payments provider. In January 2017, ICICI bank and Airtel blocked PhonePe for the violation of NPCI regulations. The matter was resolved in February 2017.

    Some salient features of PhonePe are:

    • Zero banking charges
    • UPI transactions
    • Bill payments, DTH recharge, and ticket bookings
    • The transaction limit is INR 10,000 for wallet and INR 1 lakh for UPI

    Paytm Vs PhonePe – 10 Vital Comparison

    1. Interface

    The user interface (UI) is the most important feature of any app. People are quick to form perceptions just by the user interface. Paytm and PhonePe differ when one considers the user interface.

    • Clarity – When it comes to clarity, PhonePe has an edge over Paytm. PhonePe icons are spaciously placed while Paytm icons are concentrated.
    • Fonts – The fonts used on PhonePe’s app are slightly bigger than the ones used by Paytm. A possible reason could be that Paytm offers more services than PhonePe (e.g. Paytm Mall); hence, showing the icons in bigger fonts could hinder visibility.
    • Ease of Access – Very few icons appear on Paytm’s home page (in its mobile app) and you have to click further to see other options. This is not the case with PhonePe. Every feature can be accessed from a single page in PhonePe’s app. Again, Paytm has different types of services in the form of vouchers, Paytm Mall, education, games, travel entertainment, and food. Showing all of them on one page is not an easy task.
    Paytm VS PhonePe
    Paytm VS PhonePe

    2. UPI Payments Facility

    PhonePe lets you make UPI payments to your contacts and other account holders with the help of the IFSC code. This approach enables you to transfer money from one bank account to another as well. On the PhonePe app’s home page, you find the option of money transfer which can then be used to choose a beneficiary. With a single click, you can reach the payments page by clicking on ‘send to complete the payment’.

    Paytm has a similar process but with some more steps. People find it easier to make UPI payments via PhonePe when compared to Paytm.

    3. Merchant Payment

    PhonePe gives you a comparatively better interface for merchant payment than Paytm. PhonePe has the QR icon on the top of the home page, whereas the QR icon is at the bottom in Paytm’s app. PhonePe saves the merchant name and account number on the home page, similar to how you would save a beneficiary name and account number. Therefore, you don’t need to add any details the next time you pay the same merchant.

    4. Recharge

    When it comes to recharging facilities, both apps support recharge of mobile, DTH services, and other utilities. PhonePe, however, completes this process quicker than Paytm. In Paytm, you need to navigate through multiple pages to perform the recharge. In PhonePe, much navigation isn’t needed.

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    5. Bill Payment

    Recharge facilities such as bill payment are easier in PhonePe since it takes a single click to reach the payments page. Paytm requires you to follow some more steps to land on the payments section.

    Digital Wallet UPI feature Mobile Wallet Bill payment Debit/credit
    Paytm yes yes yes yes
    PhonePe yes yes yes yes
    BHIM yes no no no
    Freecharge yes yes yes yes
    Google yes no no no

    6. Cashback

    Which app gives more cashback Paytm or PhonePe? Both digital payment apps give cashback benefits on your payments. As to which one gives more cashback depends on the circumstance. Your first transaction on either app is likely to give you the highest reward. PhonePe provides cashback on transactions without having to activate some offer. When using Paytm, you need to activate an offer to get the cashback.

    7. Charges

    Both Paytm and PhonePe levy charges for fund transfer from your digital wallet to your bank account. Neither Paytm nor PhonePe gives any kind of relief when it comes to funding transfer charges. The fee is nearly the same for both Paytm and PhonePe.

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    8. Useful Services (Travel Tickets, Movie, Train Status, etc.)

    Paytm offers more services than PhonePe. Just look at the enormity of Paytm Mall! And then there’s the seamless experience of availing services such as movie bookings, etc. Paytm beats PhonePe in some services, whereas PhonePe leads in others. Movie tickets can be easily booked on Paytm. But booking train tickets and checking train status is easier on PhonePe.

    9. Account Management

    The account management feature of PhonePe is better than Paytm’s. You can handle management-related options in just a couple of clicks in PhonePe. Generally, Account Management comprises auto-payment of bills and bill payment reminders. And PhonePe has a better interface for these two options. Just tap on the ‘My Money’ tab and to reach the auto-pay and reminders icons. You can set the auto-pay service for your utility bills and reminders from this space.

    10. Customer Care

    Both Paytm and PhonePe offer dedicated customer service helplines. PhonePe’s ‘help section’ is extensive and covers nearly every imaginable query. Most of your doubts can be resolved by the help section. You can also contact PhonePe representatives and expect a reply within 24 hours. Paytm does not lag behind this aspect. Its 24X7 help desk has improved significantly over time and is at par with some of the best help desks in the world.

    FAQs on PhonePe Vs Paytm

    What is PhonePe?

    PhonePe is a digital wallet platform and online payment company headquartered in Bangalore, India.

    How PhonePe app works?

    PhonePe works on the Unified Payment Interface (UPI) system. All you need is to enter your bank account details and create a UPI ID. You don’t need to recharge the wallet because the money will be directly debited from your bank account at the click of a button in a secure manner.

    Which is more secure Paytm or PhonePe?

    PhonePe is constantly working round the clock on making transactions highly secure and safe. It uses a mix of cutting-edge technology and strong risk & fraud processes to keep fraudsters at bay.

  • These Are The 7 Best Cryptocurrency Wallets in India 2021

    Cryptocurrency wallets are software that can be used to view cryptocurrency balances and make transactions. Digital wallets expedite the rates of cryptocurrency transactions by facilitating the sending, receiving, and storing of cryptocurrency. Most wallets these days are loaded with features that enhance the process of trading cryptocurrency. The top bitcoin wallets in India usually have a two factor authentication to keep it secure.  

    Having a cryptocurrency wallet in India is essential because it allows you to move funds as per your will and offers you the desired level of security. Some wallets even provide you with the convenience of trading multiple cryptocurrencies at once. Here are the few of the best app to buy cryptocurrency in India.

    What is a Cryptocurrency Wallet?
    How do Cryptocurrency Wallets work?
    How to pick out the best bitcoin wallet in India
    Types of Cryptocurrency Wallets
    WazirX
    Zebpay
    Coinbase Bitcoin Wallet
    Trezor Wallet
    Binance Wallet
    Exodus Bitcoin Wallet

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    What is a Cryptocurrency Wallet?

    A cryptocurrency wallet is an app that allows cryptocurrency users to store and retrieve their digital assets. They are basically apps just like those you might run on a smartphone or computer. As with conventional currency, you don’t need a wallet to spend your cash, but it certainly helps to keep it all in one place. When a user acquires cryptocurrency, such as bitcoins, she can store it in a cryptocurrency wallet and from there use it to make transactions.

    Bitcoin is the most popular and widely used cryptocurrency, but others building upon its blockchain technology have emerged, and any of them can be stored on a cryptocurrency wallet. Indian Bitcoin Wallets can hold multiple cryptocurrencies. The most easiest and basic way to buy bitcoin in India is by using the Bitcoin wallets in India and the users that are interested in bitcoin are asking questions on which one is the best cryptocurrency exchange in India and the best bitcoin wallets in India.

    How do Cryptocurrency Wallets work?

    When you want to acquire cryptocurrency, whether by purchasing it in currency exchange or receiving it as a gift or as revenue, you direct the sender to a unique cryptographic address issued by the wallet. Each wallet type is a little bit different, but in general, any given wallet will work with one or more cryptocurrencies and will be able to store one or more cryptocurrency-specific public addresses.

    Public addresses are like cryptocurrency-specific account numbers, they can be used to receive a specific type of cryptocurrency (for example, to receive Bitcoin, you need a Bitcoin address) and can be shared publicly. Spending with the wallet is as simple as scanning a retailer’s QR code or directing a specific amount of bitcoins to the retailer’s public address. Here are some of best app wallet for cryptocurrency:

    Bitcoin Wallet

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    How to pick out the best bitcoin wallet in India

    There are several good bitcoin wallets in the market today and it’s up to the users to decide which features they want.

    • How secure and trustworthy the wallet is – The user can double check the wallet on bitcoin forums and check for its reviews. Some wallets offer two factor authentication like the mobile OTP and fingerprint/pin code for secure transactions.
    • Multi-signature – Check whether or not the wallet has the option of multisign in addition to a safe platform. This will help protect your bitcoin from theft and attackers.
    • Does it have transparency – the crypto wallet’s provider must provide transparency and clear identity and a code open source.
    • Price and charge for holding cryptocurrency – There many alternative wallets that are free on mobile and desktop which allow its users to download and start using them without charging anything.
    • User interface – The wallet must be easy to use especially for a beginner.

    Types of Cryptocurrency Wallets

    There are several types of wallets you can use including online, offline, mobile, hardware, desktop, and paper:

    1) Mobile Wallets

    2) Hardware Wallets

    3) Web Wallets

    4) Desktop Wallets

    Each type refers to what type of medium the wallet is stored on, who is in control of the wallet, and whether or not the data is stored online.

    Types of Cryptocurrency Wallets

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    Best Cryptocurrency Wallets in India

    Based on the above types, the following are the best cryptocurrency wallets app in India 2021.

    WazirX

    WazirX is one of the best cryptocurrency wallets in India and also the fastest growing cryptocurrency exchange in the country as it as over 900,000 users. It is also known as the most secure and safest wallet for cryptocurrency as it allows its users to buy and sell Bitcoin, Ripple, Ethereum, Tron, Zilliqa and 100 other top cryptocurrencies.

    WazirX is India’s largest online cryptocurrency trading portal that can process millions of transactions at the same time. For security, the platform uses two factor authentication such as Google authenticator and the mobile OTP based authentication. WazirX has partnered with Binance which is the world largest crypto exchange.

    Zebpay

    Zebpay was India’s first Bitcoin trading portal, and is currently one of the best cryptocurrency exchange in India 2021. This multi-cryptocurrency exchange platform is available in over 162 countries and offers a quick KYC verification and a cryptocurrency trading portal for exchange.

    Zebpay is also very trustworthy as it is designed to keep your cryptocurrency secure as 98% of coins is stored in cold wallets, robust internal controls and fingerprint/pin code for outgoing transactions. Despite being the best bitcoin wallet in India 2021 as it allows its users to transfer your crypto coins to other exchanges or your own wallet.

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    Coinbase Bitcoin Wallet

    Coinbase is an online cryptocurrency exchange in India that comes under the category of mobile wallets. You can buy and sell bitcoin, Ethereum, Litecoin using Coinbase. Coinbase also offers a mobile wallet facility. You can store and perform transactions using the Coinbase wallet. You can download Coinbase from Google Play and Apple Store.

    The features of Coinbase bitcoin wallet include:

    • Friendly & Easy to use Interface
    • Backup private keys to the cloud to avoid the loss
    • Secure User-Controlled Crypto Wallet using biometric authentication
    • Store all cryptocurrency at a single place – Multi-coin support
    • Secure User-Controlled Crypto Wallet using biometric authentication

    Trezor Wallet

    Trezor Wallet

    Trezor is a pioneer and the best hardware wallet for cryptocurrency in India. Trezor provides a portable USB device that can be connected to your computer. It offers a high level of security, and can also function seamlessly on a malware-infected computer. It supports a wide variety of cryptocurrencies which include Bitcoin, Ethereum, Litecoin, Ethereum Classic, ZCash, Dash, and Bitcoin Testnet.

    This cryptocurrency hardware wallet is one of the most secure wallets as hacking into it is virtually impossible without having access to the physical device. It also offers one of the best user interfaces which provides unparalleled convenience. Although there are various advantages to using Trezor, users are often bothered by the meager number of cryptocurrencies that you can access through Trezor. Overall, Trezor is a great wallet that can prove to be very fruitful for its users. In India, you can get a Trezor T Model in the range of Rs. 12,500 to Rs. 14,000.

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    Binance Wallet

    Binance wallet logo

    Binance is the top cryptocurrency exchange wallets, as it allows users to be assured of getting a high amount of security and amazing customer service providers. Binance gives you the option of creating your wallet when you sign up for their services. The entire process of onboarding is quite smooth and the user interface is lucid and easy to understand.

    Although Binance can be a good option, one of the downsides of using Binance is that it does not allow any fiat dealing. Since Binance offers its services at a high speed, it does a commendable job at a fast pace, which makes it one of the best in the business.

    Exodus Bitcoin Wallet

    Exodus is a desktop-based bitcoin wallet that can be used to store your private keys on any of the Windows, Mac and Linux PC’s hardware. To use this cryptocurrency wallet app, you need to download and install the application to use this wallet. Its main features include:

    • Use of QR code address for sending and receiving bitcoin
    • Support to 100+ Cryptocurrencies
    • See overall portfolio on screen
    • Built-in exchange

    Jaxx

    Jaxx wallet

    Jaxx is one of the best crypto wallets in India that offer cross-platform support. It can function across all your devices and allows you to sync your mobile, computer, and other devices. Currently, Jaxx provides support for seven different kinds of cryptocurrency assets. Nine different platforms support Jaxx, which includes Windows, Apple, Linux, Android, iOS, as well as, Chrome, and Firefox.

    It can be downloaded for free and charges a transaction fee for the trades that you carry out through your wallet. It is integrated with the exchange platform, ShapeShift, which further allows you to trade various cryptocurrencies. Jaxx has been lacking a few security features like the lack of two-factor, which raises a few questions. Setting aside this fact, Jaxx allows a high level of compatibility and seamless integration among various platforms.

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    Conclusion

    These top bitcoin wallets in India come in the different form such as a device, an app and even a website and are all known for different things. Each and every cryptocurrency wallet has its own unique wallet address that is used to initiate transactions and exchange of currencies and is up to the user/customers to choose what best for them.

    Frequently Asked Questions

    What is the best app to buy cryptocurrency in India?

    The best Cryptocurrency wallet in India is WazirX.

    What are the best bitcoin wallets in India in 2021?

    The best bitcoin wallet for India are WazirX, Zebpay, Jaxx, Exodus, B

    Can you buy cryptocurrency in India?

    Cryptocurrencies are not illegal in India, but they are also not regulated. Which means that people can buy and sell Bitcoin and hold it as an investment but there is no governing body that will look after it.

    What is the safest cryptocurrency?

    Bitcoin is the safest cryptocurrency in India.

    What is a bitcoin wallets?

    A Bitcoin wallet is a software application that allows customers to store and track their Bitcoins.