Which Wallet Exchange is best in India?

[Greendays]

Hi all!, I am here after around one year and more. I used to use zebpay earlier but now I found that zebpay is charging membership fee on per month basis. I had stored some coins in zebpay wallet. and on this year or more gap I was working on something and was completely out of market and forums. now when I come back there's slight changes in all crypto industry. now I want to know which wallet is best to use in India and please if you can specify the reason behind.

[avikz]

First of all, never keep your coins in any exchange. Exchanges can be hacked we have seen many such incidents earlier where people have lost big money. A little Google search will reveal that to you.

Try using Electrum desktop wallet instead. If you can't use a desktop wallet, use online services like Coinbase with 2FA authentication.

Hope this helps!

[BSEIT.com]

First of all, never keep your coins in any exchange. Exchanges can be hacked we have seen many such incidents earlier where people have lost big money. A little Google search will reveal that to you.

Try using Electrum desktop wallet instead. If you can't use a desktop wallet, use online services like Coinbase with 2FA authentication.

Hope this helps!

Electrum is not safe.

Here is an article about how millions of dollar worth BTC was stolen from Electrum desktop wallet in hours.

https://cointelegraph.com/news/phishing-attack-on-electrum-wallet-nets-hacker-almost-1-million-in-hours-report

[akram143]

First of all, never keep your coins in any exchange. Exchanges can be hacked we have seen many such incidents earlier where people have lost big money. A little Google search will reveal that to you.

Try using Electrum desktop wallet instead. If you can't use a desktop wallet, use online services like Coinbase with 2FA authentication.

Hope this helps!

Electrum is not safe.

Here is an article about how millions of dollar worth BTC was stolen from Electrum desktop wallet in hours.

https://cointelegraph.com/news/phishing-attack-on-electrum-wallet-nets-hacker-almost-1-million-in-hours-report

Can you explain us what's has been said on that article?

Its a phishing attack using a clone electrum app so the users who downloaded are should be blamed and this kind of issues can happen with any secured wallet.

[hugeblack]

You confuse two terms, Bitcoin Wallet & Bitcoin Exchange.

Wallet: is the program that manages Bitcoin private keys, and therefore if it is well programmed it will not make a difference whether you are in India or elsewhere^[1].
You can choose your wallet from here ----> https://bitcoin.org/en/choose-your-wallet
Exchange: a business platform that allows you to trade Bitcoin (or other Altcoin) for other assets and vice versa.
You can try those exchanges as alternative of :

 - https://cashaa.com/: enabling users to buy cryptocurrencies with INR on Oct. 23^[2]
 - https://www.unocoin.com/: allows users to buy Bitcoin with any Indian bank account^[3].
 - Decentralize markets: Paxful & Localbitcoin.



[1] https://en.bitcoin.it/wiki/Wallet
[2] https://news.bitcoin.com/cashaa-launches-banking-solution-for-indian-crypto-owners/

[BSEIT.com]

First of all, never keep your coins in any exchange. Exchanges can be hacked we have seen many such incidents earlier where people have lost big money. A little Google search will reveal that to you.

Try using Electrum desktop wallet instead. If you can't use a desktop wallet, use online services like Coinbase with 2FA authentication.

Hope this helps!

Electrum is not safe.

Here is an article about how millions of dollar worth BTC was stolen from Electrum desktop wallet in hours.

https://cointelegraph.com/news/phishing-attack-on-electrum-wallet-nets-hacker-almost-1-million-in-hours-report

Can you explain us what's has been said on that article?

Its a phishing attack using a clone electrum app so the users who downloaded are should be blamed and this kind of issues can happen with any secured wallet.

It was not a clone of wallet but server related and it was not a usual phishing attack.
I'm working with e-commerce sites from last 10 year so I faced good number of scammers and can identify scammers easily.
Lost bitcoin twice ($300 + $60 around) with electrum wallet.

Dec 2018, one fine day when I opened my Electrum wallet it showed a notification inside the wallet app about the new update and notification was exactly like the official one.
So I click ok to update it and in the next few seconds wallets was empty.
I removed the wallet and all related files and cleaned my computer then installed wallet again with new wallet file.

Again bitcoin was gone but this time there was no phishing notification.

So after the incidence, I found that it was related to phishing GitHub repository and server. (Can't remember exact details.)
And Electrum team was aware of the issue but they were not able to fix it.
No idea if they fixed it now.

- Nim

[akram143]

First of all, never keep your coins in any exchange. Exchanges can be hacked we have seen many such incidents earlier where people have lost big money. A little Google search will reveal that to you.

Try using Electrum desktop wallet instead. If you can't use a desktop wallet, use online services like Coinbase with 2FA authentication.

Hope this helps!

Electrum is not safe.

Here is an article about how millions of dollar worth BTC was stolen from Electrum desktop wallet in hours.

https://cointelegraph.com/news/phishing-attack-on-electrum-wallet-nets-hacker-almost-1-million-in-hours-report

Can you explain us what's has been said on that article?

Its a phishing attack using a clone electrum app so the users who downloaded are should be blamed and this kind of issues can happen with any secured wallet.

It was not a clone of wallet but server related and it was not a usual phishing attack.
I'm working with e-commerce sites from last 10 year so I faced good number of scammers and can identify scammers easily.
Lost bitcoin twice ($300 + $60 around) with electrum wallet.

Dec 2018, one fine day when I opened my Electrum wallet it showed a notification inside the wallet app about the new update and notification was exactly like the official one.
So I click ok to update it and in the next few seconds wallets was empty.
I removed the wallet and all related files and cleaned my computer then installed wallet again with new wallet file.

Again bitcoin was gone but this time there was no phishing notification.

So after the incidence, I found that it was related to phishing GitHub repository and server. (Can't remember exact details.)
And Electrum team was aware of the issue but they were not able to fix it.
No idea if they fixed it now.

- Nim

It was way back earlier, even theymos warned about this issue on the every page's top.Most of the people didn't lost their bitcoin just the one who updated with phising related files so electrum is not a complete secured wallet but it is secured compared to most other wallet available.Only thing we need to do is before updating to new version we have to check the legitimacy of it.

[BSEIT.com]

First of all, never keep your coins in any exchange. Exchanges can be hacked we have seen many such incidents earlier where people have lost big money. A little Google search will reveal that to you.

Try using Electrum desktop wallet instead. If you can't use a desktop wallet, use online services like Coinbase with 2FA authentication.

Hope this helps!

Electrum is not safe.

Here is an article about how millions of dollar worth BTC was stolen from Electrum desktop wallet in hours.

https://cointelegraph.com/news/phishing-attack-on-electrum-wallet-nets-hacker-almost-1-million-in-hours-report

Can you explain us what's has been said on that article?

Its a phishing attack using a clone electrum app so the users who downloaded are should be blamed and this kind of issues can happen with any secured wallet.

It was not a clone of wallet but server related and it was not a usual phishing attack.
I'm working with e-commerce sites from last 10 year so I faced good number of scammers and can identify scammers easily.
Lost bitcoin twice ($300 + $60 around) with electrum wallet.

Dec 2018, one fine day when I opened my Electrum wallet it showed a notification inside the wallet app about the new update and notification was exactly like the official one.
So I click ok to update it and in the next few seconds wallets was empty.
I removed the wallet and all related files and cleaned my computer then installed wallet again with new wallet file.

Again bitcoin was gone but this time there was no phishing notification.

So after the incidence, I found that it was related to phishing GitHub repository and server. (Can't remember exact details.)
And Electrum team was aware of the issue but they were not able to fix it.
No idea if they fixed it now.

- Nim

It was way back earlier, even theymos warned about this issue on the every page's top.Most of the people didn't lost their bitcoin just the one who updated with phising related files so electrum is not a complete secured wallet but it is secured compared to most other wallet available.Only thing we need to do is before updating to new version we have to check the legitimacy of it.

The main reason anyone will fell for it easy because update notification was shown in the wallet app.

Lesson learned.

[suvo05]

Hi all!, I am here after around one year and more. I used to use zebpay earlier but now I found that zebpay is charging membership fee on per month basis. I had stored some coins in zebpay wallet. and on this year or more gap I was working on something and was completely out of market and forums. now when I come back there's slight changes in all crypto industry. now I want to know which wallet is best to use in India and please if you can specify the reason behind.

You may try wazirx, it allows P2P transaction. WazirX is acquired by Binance and its offers discount on transaction fees of WazirX holders.