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Sensibull Options Trading Platform – Virtual Trade Review

Shitanshu Kapadia
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Sensibull Options Trading Platform – Virtual Trade Review

Sensibull is an options trading platform. Sensibull offers real as well as a virtual trading platform. Sensibull helps traders to decide on the correct strategy based on market conditions. You can also get useful information like trade, strike price, profit and loss potential, etc before entering an option for trade. It also allows you to compare various strategies. You can do real trading as well as virtual trading on this platform.

Suppose you want to use options trading and you are new in the market.

Do you think that Sensex is likely to go up by 80000 in a short time? Or stock of Reliance is going to stay between Rs.2500 to Rs.3500 next month. But you are not sure which option or strategy will work and how you can maximize your return? Should you but Buy Call, Sell Call? What should be the expiry?

Sensibull give answers to the above. You just need to enter data and hit the go button. You will get the right strategies including probable profit, ROI, breakeven, etc.

Sensibull Options Trading Platform - Virtual Trade

Key Features of Sensibull Options Trading Platform

Strategy Builder

This platform offers a customized strategy builder. You can create and customize various strategies as per your need. The strategy builder tool is intuitive. You just need to select a few options on the dashboard and the instruments in which you need to invest in. Your strategy will be created. You can create strategies like call spreads, put spreads, straddles, strangles, condors, and many more.

Zerodha Coin – Direct Mutual Fund Platform Review

Analyze your Trades and Positions

You will also get an option to analyze your trade and positions. It is a very good option for traders. You will get various scenario analyses as well as data about the Profit and Loss Account of the company.

Easy options 

Easy options are for the beginner. If you have never traded in the option this feature is for you. This option is mainly built to minimize the losses for the beginner. In this option, you need to give three limited risk trades (Up, Neutral, and Down) and enter maximum profit and maximum loss margin, and hit the trade button.

easy options sensibull

Virtual Trading without real money

Virtual Trading is a platform that allows trading with virtual money. It is one of the best features where you can do virtual trading and learn how trading works. It is like doing a net practice before starting actual trade.

Strategies Wizard

In the strategies wizard, you can predict the market direction and get the best Options trading strategies optimized for your prediction.

FII Buy Sell Data

You will also get information about FII Buy and Sell data. This information helps you to know what FII is doing in the market. Ultimately you can decide your strategy by using this data.

Whatsapp Alerts

On the dashboard, you will find the Whatsapp alerts option. Here you can set the option to get real-time alerts about stock prices and P&L on your Whatsapp. Smart Options Strategies with small risk are published every day on this platform.

Education by Sensibull

You will get free education data on Sensibull. Sensibull platform offers videos, webinars, tutorials, and many other things about how to trade in options.

Stocks Results and Events Calendar

Stock Results and Event Calendar is open to all options. Here you will get information about the result dates of FNO stocks listed on BSE and NSE. You will also get information about macroeconomic events affecting the stock market such as RBI policy changes, budget, etc.

Sensibull Pricing – Plans 

Sensibull Options and the Trading platform offers three plans – Pro, Lite, and Free

Pro

Pro plan is available with all features. Six monthly plan cost is Rs.780 per month.

Lite

Lite plan offers somewhat limited options compared to Pro Plan. Six monthly cost of this plan is Rs.480 per month

Free 

The free plan offers only limited features. You can also get 7 days free trial on this option.

How to use trade, buy and sell Options at Sensibull?

 It is very easy to trade using Sensibull. Visit Sensibull Website.

  •  Click on the Login button from the Topmost navigation bar. You will be prompted to use a partner broker account. You can log in using Zerodha, 5Paisa, Motilal Oswal, ICICI Direct accounts on this platform.
  • You can also use Gmail ID to log in to this platform. Once you are login you will find various navigation options on the left-most menu.
  • You need to click on the Strategies wizard. Next is to select a stock name. Suppose you select “TCS” in the stock Name. Next is your view. You can select from “Not Above”, “Above”, “Between”, “Below”, and “Not Below” in the view.
  • Next is making a selection for the target of the stock and Target date.

E.g If you feel that TCS stock is likely to go above Rs. 2000 level by target date. You can make a selection as given in image below.

Sensibull Strategy

  • Once you are done press the Go Button. You will get various strategies based on your prediction. You just need to click on Trade and enter quantity to execute trade.

How to use Virtual Trade by Sensibull? 

To use Virtual Trade, log in to Sensibull platform. On the left-side navigation menu, you will find various options. If you are lite user, you can access the virtual trade platform. Alternatively, you will get 7 day free trial.
Click on the virtual trade. Now click on Create New portfolio. Give a name to your portfolio.
sensibull virtual trading

Click on your newly created portfolio. You will find an option to add your own strategy or use an existing strategy.

You need to click on order and select between Nifty and Bank Nifty. You can create a contract for Future with a call, put. You need to enter Lot, Price, and order type Buy or Sell.

You can create multiple portfolios and perform various trades in the virtual environment.

Pros and Cons of Sensibull Options Trading Platform

Pros

  • Easy to use interface with Dashboard View
  • Suitable for the beginner as well as an advanced user
  • Enter the detail and get detail about recommended strategies
  • Option to use Real as well as the virtual trading platform
  • Education and Learning resources available
  • Useful features like Option Analyzer, Futures Conversion, Event Calendar, etc.
  • Options Trading data analysis on Whatsapp

Cons 

  • Risk reward needs to be done by the trader.
  • Filtering strategies is difficult for the beginner.
  • Paid platform

Conclusion

Sensibull is a very good platform for options and trading. The best part is it shows recommended options strategies along with possible profit and loss based on market conditions. The virtual trading platform gives you the comfort of doing net practice before doing actual trade.

In short, if you are a seasoned trader or beginner and want to save time in doing complex analysis and research of finding a correct strategy for the trade you should make use of Sensibull.

Zerodha Vs Angle Broking – Stock Broker Comparison – Review

Shitanshu Kapadia
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0
Zerodha Vs Angle Broking – Stock Broker Comparison – Review

Zerodha Vs Angle Broking – Zerodha is a leading discount broker in India. It is one of the most trusted and popular stockbrokers. Zerodha offers trading with a flat brokerage fee. I recently opened an account in Zerodha. Zerodha offers the facility to invest in equity & direct mutual funds. As per me, Zerodha is a reliable discount stock broker in India.

On the other hand, Angel broking is a leading full-service broker in India that also offers a flat fee per trade. Angle broking provides a wide range of investment trading and commodity broking services.

Let’s compare Zerodha Vs Angle Broking side by side to know which one is the best stock broker Zerodha or Angle Broking.

Zerodha Stock Broker – Review 

Zerodha is a pioneer in the discount stockbroking concept. Zerodha is very good for traders and investors looking at high speed, easy interface, and low brokerage fees. Zerodha is famous for its creative, intuitive, and advanced trading platforms.

Zerodha has more than 9 Lakh customers. Zerodha offers free delivery of equity and a flat fee of Rs.20 per order. Zerodha also offers the facility to invest in direct mutual funds. It is the best discount broker for traders.

Also Read – Zerodha Varsity Mobile App – Learn Stock Market on Move

Zerodha Key Features 

  • Brokerage charge is very low and the delivery charge is NIL
  • Simple and Easy to understand pricing structure
  • Advanced and user-friendly trading platforms
  • Facility to purchase direct mutual funds without any commission
  • Fund transfer is easy and fast
  • Advance charting facility with historical data
  • Good customer service with multilingual support
  • Learning resource is available 

Zerodha Charges

Zerodha does not charge any fee for delivery and for intraday delivery trading charges are Rs.20 or 0.01% whichever is lower. The complete fee structure of Zerodha is given below.

Zerodha Account opening charges – Rs.200 (Trading and Demat Account) & Rs.100 (Commodity Account)

Annual Maintenance Charges – Rs.300 paid quarterly

Zerodha Brokerage Charges 

Category Fees
Equity Delivery Zero
Equity Intraday Trading Rs. 20 or 0.03% (whichever is lower)
Equity Options Flat Rs. 20 per executed order
Equity Futures Rs. 20 or 0.03% (whichever is lower)
Currency Options Rs. 20 or 0.03% (whichever is lower)
Commodity F&O Rs. 20 or 0.03% (whichever is lower)

Zerodha Margin 

Category Margin
Equity Margin Intraday Up to 20x (Based on stock)
Equity Margin Future Intraday – 40%(2.5x), Carry forward – 100%(1x) of Total margin
Equity Margin Option Intraday – 40%(2.5x), Carry forward – 100%(1x) of Total margin
Commodity Margin Intraday – 40%(2.5x), Carry forward – 100%(1x) of Total margin
Currency Future Intraday – 40%(2.5x), Carry forward – 100%(1x) of Total margin
Currency Option Intraday – 40%(2.5x), Carry forward – 100%(1x) of Total margin

Zerodha Trading Platforms

Kite 

Kite is trading platform offered by Zerodha. Latest version of Kite is 3.0. It is famous for speed, features and technology. You can use this platform on mobile, tablet as well as browsers. I have already given my independent view on Zerodha Kite Trading platform in my earlier post. Kite offer dashboard view including market watch, streaming quote. Ordering from Kite is very easy. You can do it with a swipe of button. It also provides facility of shortcut to perform various operations.

Console

Console is central dashboard for Zerodha account. You can view and track your portfolio containing equity, mutual funds and commodity on console. You can view various reports with drill down facility. You can also get profit and loss statement and tax details on Console. You can also download all reports using this platform.

Coin

Zerodha Coin is direct mutual fund platform. Coin is available on website as well as mobile app. You can buy and sell mutual funds online using this platform without any commission. The detail guide of using Zerodha Coin platform is given here.

Addition to above platform you will also find product such as smallcase – Investment ideas, streak – trading strategies, Sensibull – Option Trading platform, GoldenPi – Platform for bonds and debenture.

Pros

  • No Delivery Charges
  • Easy to use and intuitive interface
  • Training for Begineer available
  • Flat brokerage and easy to understand pricing structure
  • Invest in IPO via UPI
  • Facility to invest in Direct Mutual Funds
  • Charting and in-depth analysis with historical data
  • Better customer support with quick resolution 

Cons

  • No advisory facility for the customers
  • The platform slows down during peak hours
  • Bank acceptance is limited for NRI account

Angel Broking – Review

Angel Broking is a full-service broker. Angel Broking offers easy to use trading platform. Angel broking is famous for the mobile trading app. It is a very good platform for professional traders.

Angel Broking has more than 5 Lakh customers. Angel Broking has a flat fee per trade and a high margin for intraday trading. Let’s take a look at the features of Angel Broking.

Angel Broking Features

  • A single demat account for share, mutual funds and bonds
  • Expert research and stock advisory services available
  • Simplified Trading Platform
  • One-click account opening digital process
  • Knowledge Center facility for learning.

Angel Broking Charges

Angel Broking charges zero brokerage on the delivery & for intraday brokerage charge is Rs.20 per order. The complete fee structure of Angel broking is given below.

Angel Broking Account opening charges – Rs.699

Annual Maintenance Charges – Rs.450 (Free for First Year)

Angel Broking Brokerage Charges 

Category Fees
Equity Delivery Zero
Equity Intraday Trading Rs.20 per trade
Equity F&O Trades Rs.20 per trade
Currency F&O Trades Rs.20 per trade
Commodity F&O Trades Rs.20 per trade

Angel Broking Margin 

Category Margin
Equity Delivery Up to 6x
Equity Intraday Trading 40x
Equity Futures 4x
Equity Options 3x
Currency Futures Up to 2x
Currency Options 2x
Commodity 3x

Angel Broking Trading Platforms

Angel Broking App 

Angel Broking App is smartphone app trading and investment. This app is powered by artificial intelligence. It runs rule based investment engine to get personalized stock recommendation. You can track your portfolio at single place. This app provides easy trading option. You can trade at any time with a click of a button. 

Angel BEE 

Angle BEE is Mutual fund app by Angel Broking. You can invest in mutual fund using this app effortlessly. In addition to making investment in mutual funds you can view your active SIP, transaction portfolio & equity investment on this app. This app also provides facility of expense tracker. 

Angel SpeedPRO 

Angel SpeedPRO is trading software that runs on your desktop. You can get single window trading experience along with speed and monitoring facility on this platform. It provides real time streaming rates for instant trading. You can monitor your portfolio as well as invest in mutual funds using SpeedPRO. It is simple and easy to use application. 

Pros 

  • All in One demat account
  • Faster dematerialization process of equity
  • Operating of multiple family member accounts with a single id
  • UPI based payments facility offered
  • Advisory is advance with making use of AI

Cons

  • The web-based platform is made for the advanced user (Complex)
  • A lot of messages on stock advice and tips
  • Less number of platforms compared to Zerodha 

Zerodha Vs Angel Broking Comparison

Zerodha Vs Angle Broking

Takeaway 

From the above comparison, it is clear that Zerodha is best for traders as it offers a faster trading platform with a flat fee structure.

If you are a professional trader, you should go for Zerodha. If you are an investor you can opt for Angel Broking as it offers attractive brokerage plans and good quality tips.

Which one is best for you Zerodha or Angel Broking?

*Note- All information given above is collected from the stockbroker website as on 15/6/2020. The account opening charges, margin, and other fees, etc can vary from time to time. You are requested to refer to the stockbroker website for the latest information.

50 Small Business Ideas Low Investment High Profit

Shitanshu Kapadia
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0
50 Small Business Ideas Low Investment High Profit

Small Business Ideas Low Investment High Profit – I know you want to be your own boss and you are searching for small business ideas with low investment and high-profit margin. Don’t worry here is a list of 50 Small Business Ideas that will help you in making a selection.

Starting up an own business is a dream seen by many but very few can peruse it and become a successful entrepreneur. It is mainly due to lack of capital. Most of the people believe that starting up business means investing a lot of money. However, it’s not true. There are multiple business options that require very low capital. I have compiled a list of 50 Small Business Ideas with low Investment and High profit.

Small Business Ideas Low Investment High Profit

For better understanding, I have divided business ideas in various categories. The categories are –

  • #1 Unique or Creative business ideas
  • #2 Best home based business ideas
  • #3 Best part time business ideas
  • #4 Best low-cost business ideas
  • #5 Best online business ideas
  • #6 Best Profitable business ideas
  • #7 Big Investment business ideas
  • #8 Retail Business Ideas
  • #9 Manufacturing Business Ideas
  • #10 Renting Business Ideas

50 Small Business Ideas Low Investment & High Profit

#1 Unique or Creative business ideas

  1. Digital Consultancy

The first unique or creative business idea is starting own digital consultancy. Digital Consultancy is a new concept where you need to give consultancy and guidance about digital-related projects. There are many small and medium business units looking for a digital consultant. If you have knowledge about upcoming digital technology and IoT you can open a digital consultancy.

  1. Smart Home Appliances

Manufacturing or supplying of smart home appliances is the next creative business idea in the list. In this business, you need to manufacture smart home appliances such as Smart TV, Smart Refrigerator, Oven, Smart Stove, Connected wall clock, Smart Air Conditioner etc. You can even do trading of these appliances.

  1. Diet Food Making

People are becoming health conscious and they are ready to spend money on diet food. The unique business idea associated with diet food is preparing and selling diet food. Few examples of diet food are ketogenic food, calorie controlled snack etc. You have to be good at making such food. You can also think of employing a cook.

  1. Vertical Gardening

Vertical Gardening is a very popular concept. In vertical gardening plants and flowers are grown vertically on the wall using a unique suspension system. Many small and medium companies including individuals prefer vertical gardening. If you have an inclination towards farming you can start this business.

Also Read – 120 Best Business Ideas that you can start in 2020

  1. Children Play/Adventure Area

Opening Children Play or adventure area is next in the list of creative business ideas. Children Play area is a place where children enjoy various games and amenities. This business requires a lot of investment and manpower. Profit margin associated with this business is also high.

#2 Best home based business ideas

  1. Tuition Class

Opening Tuition class is first in the list of best home based business ideas. It is a low-cost investment which can be started easily. This business idea demands good teaching skills and knowledge about the subject.

  1. Home Chocolate Business

Home Chocolate Business is next in the list of best home based business ideas. In this business, you need to make chocolates. You can sell these chocolates at small grocery shops or big shopping malls. At the initial stage, you need to work hard to establish this business.

  1. Tiffin Services

Starting tiffin services is a very viable home based business idea. Everyone needs food if you are good at cooking tasty food at a reasonable price you can start this business. You will need a good cook and person for delivering tiffin.

  1. Foreign Language Classes

Learning a foreign language such as French, English, Spanish is the latest trend. Students and working professional both opt for learning a foreign language. If you are an expert in a foreign language or hire an expert in this area you can start your own foreign language classes from home.

  1. MLM – Network Marketing

MLM or Network Marketing is one of the best home based business ideas.  In this business, you need to sell the product and services of a network marketing company. You can earn a lot of money as a commission.

#3 Best part time business ideas

  1. Insurance Agent

Insurance Agent is best among part time business ideas. In this business, you need to sell insurance policies. You will earn commission on every policy. You should have good communication skill and convincing power to become successful in this business.

  1. Account and Record Keeping

Account and Record Keeping is next in the list of part-time business idea. You have to be finance and accounting expert in order to start this business. You need to keep the business record transaction. You will be responsible for reconciliation.

  1. Wedding Planner Services

Wedding Planner services is next on the list. In this business, you need to involve yourself in planning and arranging a complete wedding ceremony. To start this business, you should have competent staff with planning and execution skills.

  1. Home Cleaning Services

Home Cleaning Services is the next part time business idea. In this business, you need to provide home cleaning services to the client. You require a team of unskilled manpower to run this business. It is a profitable business with less investment.

  1. Real Estate Agent

Becoming a real estate agent is one of the best part-time business. As a real estate agent, you need to help customers in buying, selling or renting properties. You will get a commission on every transaction. It is a low investment, high return business.

Also Read – 225 Small Business Ideas with Low Investment in 2020

#4 Best low-cost business ideas

  1. Mobile Food Shop

Mobile Food Shop is one of the best food-based low-cost business ideas. A Mobile Food Shop is a vehicle equipped to cook and sell food. You can modify an old vehicle and use it as a mobile food shop. You have to serve tasty and healthy food. It is a promising business with a very good profit margin.

  1. Courier Shop

Courier Shop is next in the list of low-cost business ideas. Better shipping cost and timely delivery is a success mantra of this business. You can either start your own courier company or plan to take franchise of reputed company.

  1. Candle Making

Candle making is a low investment business idea. This business can be started from home. You can either buy readymade candle making machine or opt for manual candle making.

  1. Pickle Making

A Pickle making is home based low investment small business idea. This business can be started from home. You just need a skill of making pickle. A good packaging, advertisement, and marketing are key in order to succeed in this business.

  1. Home Repair Services

Home Repair Services is next in the list of small business ideas. Every home demands repair such as electrical, civil, plumbing etc. If you are from construction line you can start Home repair service business.

#5 Best online business ideas

  1. Blogging

Blogging is one of the best online business ideas. Blogging means sharing useful content online on website at regular interval. You need to purchase domain name and hosting space. You can make money by placing advertisement on your blog.

  1. YouTube Channel

Opening YouTube Channel is next in the list of best online business ideas. You can earn lot of money by YouTube Advertising. In this business, you need to make unique videos and upload it. Once your channel gains popularity you can apply for YouTube Channel program.

  1. Affiliate Marketing

Affiliate marketing is one of the most promising online business ideas. In this business, you need to promote other business and products. You can use social marketing platform or website for this.

  1. Product Selling on Social Media

Another online business idea is product selling on social media. If you have unused products you can open your own store on social networking sites. Facebook provides facility to create groups. A likeminded people can become group member and start selling products.

  1. Stock Market Trading

Stock market trading is one of the most profitable online business ideas. This business requires moderate capital. This business also demands knowledge and expertise of stock market.

#6 Best Profitable business ideas

  1. Restaurant

Opening new restaurant is one of the best profitable business ideas. This business idea requires lot of investment. You also require competent chef and team of people to run restaurant business. You need to serve healthy and tasty food in low price to get quick success in restaurant business.

  1. Health Club

Health Club is next in the list of profitable business ideas. People have become health conscious and they prefer exercising in the health club. In order to open health club you require suitable place and equipment such as treadmill, weight pulling machine, dumbbells etc. You will also need competent gym instructor.

  1. Readymade Namkeen Shop

Readymade Namkeen Shop is one of the best profitable business ideas. In this business, you need to sell readymade namkeen. Most of the people in city opt for readymade food items for household usage. This makes readymade namkeen shop lucrative business option.

  1. IT Hardware Shop

IT Hardware shop is business idea for the people related to IT background. Every small or big organization requires IT setup. If you have expertise you can start IT hardware shop. At initial stage you need to place lot of efforts to start this business. It is profitable business option at long run.

  1. Travel Agency

Travel Agency is next business in the list. People across globe are fond of travelling and they are ready to spend extra money on travel. If you have geographical knowledge and able to establish relation with hotels for stay arrangement you can start this business. This business can be started online as well as offline.

#7 Big Investment business ideas

  1. Textile Units

Textile unit is big business idea with lot of investment. In this business you need to procure raw fabric and convert it into finish cloth. You require big space for installation of textile machinery. This business also requires skill and unskilled labours. It is recommended to do market survey before starting this business.

  1. Rice Mills

Rice Mill produces an edible white rice by removing husk and bran layers. Rice Mill requires big machinery and space. You will also require FSA license and other permission to start this business. It is a big investment idea with good profit margin.

  1. Manufacturing Fabrication Plant

A manufacturing fabrication plant is facility that does welding, machining and produces metallic finish goods. It is big investment business which requires skilled manpower and lot of machinery. If you are from mechanical background with lot of money you can start this business.

  1. Petrol Pump

Petrol Pump is high investment business idea. In order to start petrol pump you require sufficient land in the prominent location. You need to apply for petrol pump license. Once you get approval you need to establish petrol and oil bunker as per company specification. You also require labor and machinery to start petrol pump.

  1. Imported Furniture Shop

Imported furniture shop is one of the most lucrative business idea. This business demands lot of investment. In this business, you need to import furniture from China, UAE, USA and other countries. High net worth people opt for imported furniture. 

#8 Retail Business Ideas

  1. Grocery Shop

Grocery Shop is one of the best small business idea. It is one of the easiest and lucrative business idea. You require small shop. You can even think of taking shop on rent. You will need local municipality clearance license and GST number to start grocery shop.

  1. Ice Cream Shop

Ice Cream shop is next in the retail business ideas. You can start this business in two ways. You can either take franchise of ice cream company or you can manufacture own ice cream. This business requires FSSAI license in addition to shop establishment license.

  1. Stationary Shop

Stationary Shop is small retail business idea. You require small rented shop to start this business. It is recommended to start this business nearby school or business location. It is volume business and you may need to face lot of competition in this business.

  1. Cosmetic Store

Cosmetic Store is next in the list of retail business ideas. A use of cosmetic is growing. If you are women and looking for business opportunity you should think of opening cosmetic store.

  1. Xerox Shop

A Xerox shop with associated products like bookbinding, lamination and small stationary items is very good retail business option in India. This business can be started with low investment. It is recommended to start this business nearby school, college or office area.

#9 Manufacturing Business Ideas

  1. Soap & Detergent Manufacturing

Soap & Detergent Manufacturing is first in the list of manufacturing business ideas. Soap and Detergent manufacturing can be started from home or from office/factory location. Before starting this business it is recommended to survey the market. You may need to spend lot of money for marketing this product.

  1. Honey Making

Honey Making is next manufacturing business idea. Honey is used as medicine and food ingredients. Honey processing can be started using machine or by manual method. This business can be started even from home.

  1. Manufacturing of Toys

Toy manufacturing is one of the big and evergreen business. This business require lot of investment. Firstly you need to decide prototype of toy and raw material required. You can hire competent manpower to help you in starting this business. Success rate of this business is high.

  1. Manufacturing of Plastic Bottles

Plastic bottles are widely used for packaging various items. The demand of this product is very high. If you have knowledge about plastic bottle manufacturing you can start this business. You require big space and machinery to start this business.

  1. Fertilizer Making

Fertilizer manufacturing is evergreen business idea. Fertilizer making can be started at smaller scale or at big scale. You need to be aware about natural process of making fertilizer. This business require moderate investment.

#10 Renting Business Ideas

  1. ATM Space Rental

ATM space renting is one of the most profitable business. If you have lot of real estate space in the different part of country you can start this business. Banks are always looking for prominent space for opening ATM. This makes ATM space rental lucrative business option.

  1. Car Rental

Giving car on rent is next in the list of rental business ideas. People prefer to avail car for long distance travel. They opt for normal as well as luxury car. If you have capital you can start this business.

  1. Decorator

Decorator provide decorative items for marriage and parties. This items includes chair, stage, decorative material etc. This type of items always remains in demand. If you have surplus money you can start this business.

  1. Heavy Machinery Rental

Big and small construction companies usually opt for heavy machinery on rental. Thus heavy machinery rental is next rental business. Heavy machine include construction material such as crane, hydra, moving equipment etc. This business demand lot of investment.

  1. Fancy Dress Rental

Fancy dress rental is one of the most promising Small business ideas. In this business, you need to rent fancy dress. School, Colleges and other drama company are always looking for good supplier of fancy dresses. You can start own fancy dress renting business and earn lot of money. Make sure to select business location carefully.

10 Best Bitcoin Wallets (Crypto Wallet) in India – Review

Shitanshu Kapadia
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0
10 Best Bitcoin Wallets (Crypto Wallet) in India – Review

Bitcoin Wallet – Bitcoin is a cryptocurrency in a digital format. If you buy a bitcoin you need to store it somewhere. A Bitcoin wallet is a virtual place where you can store your cryptocurrencies. The Bitcoin wallet also allows you to perform transactions online, or through Bitcoin ATMs which you can locate easily by searching on Google using the following keyword “Bitcoin ATM near me“. this will help you locate the nearest BTM to you. It is like a mobile wallet that you keep on your mobile for storing virtual money and doing transactions. A Bitcoin wallet is also known as Crypto Wallet.

The crypto wallet (bitcoin wallet) is available in the form of a mobile app, web-based wallet, desktop-based wallet, and hardware-based. You can send and receive bitcoins and other cryptocurrencies using wallets. It is stored in digital mode (private key address). In short bitcoin wallet means app, website or hardware device that manages private keys for you.

Here is a detail about the type of Bitcoin wallet and a list of the 10 Best Bitcoin Wallets (Crypto Wallet) in India.

bitcoin wallet

Types of Bitcoin Wallet

#1 Mobile Wallet 

Mobile wallet as the name indicates it is a wallet where you store your cryptocurrency in the mobile app of your smartphone. The mobile wallet stores private keys of cryptocurrency and allows you to make a payment from your phone. Some mobile wallet comes with NFC – near-field communication features. NFC allows you to make payment by tapping the phone against the terminal without giving/entering any information.  

#2 Web-based Bitcoin Wallet 

Web-based wallet stores your private key on the server. You can access stored key web-based using the internet. The security of the server is governed by third-party tools. Web-based wallets are also known as an e-wallets. In this type of wallet security of the server becomes very important. If the security of the server is compromised your cryptocurrency is under risk. 

#3 Desktop Wallet 

Desktop wallets are downloaded and installed on your local computer. Here private keys are stored in the local hard disk in a secured manner. The stealing of information from local hard disk is difficult. So by definition desktop wallets are more secured compared to mobile and web-based wallets. 

#4 Hardware Wallet

Hardware is the next category in the cryptocurrency wallet. Hardware-based wallet is a hardware device where the private key address is stored securely. It is one of the best and most secured way of storing bitcoin. Hardware wallet is safe from computer viruses and hacking attempt. You need to pay additional money in order to purchase a hardware wallet.

9 Best Bitcoin Wallet (Crypto Wallet) in India

Mobile Wallets

#1. Unocoin Bitcoin Wallet Review

Unicoin is next in the list of mobile bitcoin wallet. You can manage all cryptocurrencies stored in Unocoin account using this wallet. Unocoin wallet is available on Andriod as well as iOS. You can buy/sell or perform transactions such as DTH recharge, bill payment in cryptocurrency using this wallet.

Features

  • Live Price Tracker
  • Deposit and withdraw INR
  • Buy & Sell Bitcoin Instantly
  • Consolidated wallet for cryptocurrencies
  • View History of merchant transactions

Pros

  • Option to buy bitcoin using SIP
  • Earn free bitcoin by referring app to friends
  • Lower Transaction fees
  • IMPS and NEFT options for INR withdrawal

Cons

  • Supports only three cryptocurrencies
  • Support is Poor

#2. Trust Bitcoin Wallet Review 

Trust Bitcoin Wallet is a decentralized exchange wallet. You can buy & sell cryptocurrencies using decentralized exchanges using this wallet. Trust Wallet supports many blockchain wallet Standards.Trust bitcoin wallet is available on Andriod as well as Apple platforms.

Features

  • Allow you to replace your old wallet
  • Trade-in multiple cryptocurrencies
  • Push Notification to users on the transaction
  • Send and receive assets through QR codes or with copy and paste functions

Pros

  • Detailed transaction summary including history
  • Fully security with passcode protection & encryption
  • Connected to Decentralized exchange
  • Portfolio view on the dashboard

Cons

  • Support is poor

Web-Based Wallets 

#3. Zebpay Multi-Cryptocurrency Wallet Review  

Zebpay is a leading multi-cryptocurrency exchange in India. Zebpay also offers a web-based wallet. Zebpay allows you to buy, sell and transfer your crypto coins to other wallets as well as exchanges. Zebpay offers six different crypto currencies.

Features 

  • Buy and Sell using INR
  • Trade across the devices
  • Robust API for integration
  • Disable Outgoing Transaction with password

Pros

  • Easy to use
  • Less Costly
  • Wallet linked to Zebpay crypto exchange
  • Proprietary security Protocols

Cons 

  • Pooled crypto storage
  • Limited cryptocurrency support

Desktop Wallets 

#4. Guarda Bitcoin Wallet Review  

Guarda offers desktop, web-based as well as a mobile wallet for different types of cryptocurrencies. Guarda also offers chrome extension.

Features

  • Use across the devices
  • No account registration is required
  • Compatible with Hardware Wallet
  • Support multiple currencies

Pros 

  • Desktop, Web as well as mobile wallet option
  • Available on Andriod, iOs, Windows, Mac and Chrome extension
  • A higher level of security

Cons

  • A Non-custodial wallet

#5. WazirX Multi-Cryptocurrency Wallet Review 

WazirX is Multi Cryptocurrency wallet that is available in Desktop, Web-based as well as a Mobile wallet. You need to open an account in WazirX to use this wallet. You can use this wallet to trade on exchange as well as the P2P platform.

Features

  • Lightning speed transactions
  • Simple and Efficient Transactions
  • Use across the platforms
  • Two Factor Authentication via Mobile OTP

 Pros

  • Option to use web-based as well as mobile wallets
  • Trade on Exchange as well as P2P platform
  • Support of multiple cryptocurrencies

Cons

  • Minimum and Maximum withdrawal amount limit
  • Fees applicable to withdraw money

#6. Exodus Bitcoin Wallet Review

Exodus is a desktop wallet that can be used on Windows, Mac, and Linux based desktop. You need to download and install the application to use this wallet.

Features

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

Pros

  • Send and receive specific coins
  • Support of multiple windows OS
  • Encryption of private key for enhancing security
  • Multiple Help options including video and chat support

Hardware Wallets

#7. Ledger Nano X Bitcoin Wallet Review

Ledger Nano X is a hardware wallet that allows you to store bitcoins. This wallet comes with a USB type chip. You can use this wallet on Windows 10, Mac and Linux OS. This device comes with a certified secured chip with enhancing security. It is a lightweight device made of stainless steel and plastic. This device comes with a battery that can be purchased from the vendor directly.

Pros

  • Light Weight
  • Secure Chip with USB Type
  • This device can be used on multiple devices

Cons

  • You need to take care of Hardware Device
  • You need to take a backup of the device
  • Maintenance of device is required
  • High Cost

#8. Trezor Model T Bitcoin Wallet Review

Trezor is a hardware-based wallet to store cryptocurrency. Trezor comes with security such as bootloader protection and firmware signature verification. In case of firmware version is mismatched the device erases all memory to protect from threats.

Pros

  • Full-color touch screen display
  • Firmware Signature Protection
  • Lightweight device – 16 gm

Cons

  • Additional USB Connector is required
  • High price around Rs.12000

#9. Cool Wallet S for Bitcoin Review – Hardware 

Cool Wallet S is a famous hardware-based bitcoin wallet. This wallet can be used on Andriod and iOS smartphones. Cool Wallet is small in size and weight. Cool Wallet comes with a battery that can be charged with 2 Hours and provide a standby life of 3 months.

Pros 

  • Multi-Factor Authentication with anti-tampering protection
  • Military-grade security chip
  • Good Battery Life
  • Leight Weight – 4 gm
  • Compatible with Multiple OS

Cons

  • Price is high in the range of Rs.12000 to Rs.14000.

Risk Associated with Bitcoin Wallets 

  1. Malware, malicious software and hacking are most common risk associated with bitcoin wallet. Here your cryptocurrency can be high jacked or stolen.
  2. Trojan house is another risk. Trojan can encrypt all the files on your hard disk. Once data is encrypted you will be asked with ransom to decrypt the file it is like a ransomware attack.
  3. Exchange where you are exchanging money know about how much cryptocurrency you own.
  4. Your laptop, phone or hardware device can be lost and you may end up losing your cryptocurrencies.

To protect your bitcoin (cryptocurrency) you should use most secured wallet. If possible, use wallet that does not require internet connection. Use latest antivirus, antimalware and firewall software to protect cryptocurrency.

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