Etherbit
Etherbit Private Limited is a Surat-based, 100% Indian-owned authorized distributor of crypto self-custody hardware in India, distributing hardware wallets (Trezor, Ledger, Keystone, Tangem), security keys (Yubico, Feitian), ASIC miners (Bitmain, WhatsMiner), and accessories across 34 brands via Etherbit.in, Amazon.in, Flipkart, and offline retail partners.
- Company typePrivate
- Founded2017
- HeadquartersSurat, India
- Headcount1–10
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Etherbit does
Etherbit Private Limited is an Indian one-stop security and self-custody company headquartered in Surat, Gujarat, founded in 2017 by Harsh Vakharia and Jatin Vakharia. The company operates as an authorized import and distribution channel in India for international hardware wallet and security brands, distributing 34 brands including Trezor, Ledger, Keystone, Tangem, Yubico, Bitmain, WhatsMiner, Blockstream, Coinkite, SafePal, CoolWallet, Cypherock, Dcent, imKey, Material Bitcoin, Ngrave, Foundation, GridPlus, OneKey, Bitkey, Blockclock, ElphaPex, and SeedSigner. Its core technology is hardened supply chain logistics: direct manufacturer relationships with verified factory integrity, ensuring authentic, untampered hardware reaches Indian end users without intermediary compromise.
The product surface spans four categories: (i) hardware wallets (Ledger Nano S Plus, Flex, Nano X, Stax; Trezor Safe 3, Safe 5, Safe 7, Model One, Model T; plus Coldcard, Blockstream Jade, Keystone, Tangem, SafePal, CoolWallet, SecuX, OneKey, Cypherock, Ngrave, GridPlus, Bitkey, and others), (ii) security keys for multi-factor authentication (Yubico, Feitian, Thetis across FIDO2, FIPS, and biometric variants), (iii) ASIC miners (Bitmain Antminer S19/S21/X5/L7/L9/L11/Z15/KA3/KS5/KS7/D9/HS3/AL1/DR7, WhatsMiner M30/M50/M60/M63/M66, ElphaPex DG series), and (iv) accessories and ancillary products (Cryptosteel, Cryptotag, Etherbit Plate, Etherbit Skin, Etherbit Cover, Unitree robots, Waveshare devices, and branded merchandise). The proprietary "Etherbit Protect" extended warranty (1-year and 2-year plans) is the company's own branded service layer.
Etherbit monetizes through three streams: unit-priced hardware sales (₹5,899 to ₹49,999 per wallet; miners at five-figure prices), the Etherbit Protect warranty subscriptions, and a referral program offering a 5% commission on pre-tax order value with a ₹2,000 minimum withdrawal. Distribution is omni-channel: direct via Etherbit.in, on Amazon.in and Flipkart.com marketplaces, through a growing network of offline partner stores, and to enterprise and prosumer buyers including ZebPay, CoinDCX, CoinSwitch, Polygon, Netflix, Postman, Zerodha, Deloitte, Swiggy, Marks & Spencer, Titan, Tata Technologies, and IO.net. The company is 100% Indian-owned and FDI-compliant, operates on a bootstrapped basis with 1-10 employees, and has cumulatively served approximately thirteen thousand crypto enthusiasts since inception.
Etherbit firmographics
Firmographics- Name
- Etherbit
- Legal name
- Etherbit Private Limited
- Website
- https://etherbit.in
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Etherbit Private Limited is a Surat-based, 100% Indian-owned authorized distributor of crypto self-custody hardware in India, distributing hardware wallets (Trezor, Ledger, Keystone, Tangem), security keys (Yubico, Feitian), ASIC miners (Bitmain, WhatsMiner), and accessories across 34 brands via Etherbit.in, Amazon.in, Flipkart, and offline retail partners.
- Ownership category
- akta.pro rank
Etherbit industry classification
Industry- Product category
- Cryptocurrency Hardware Wallets
- NAICS
- Security Systems Services (except Locksmiths) (561621)
- SIC
- Wholesale-Electronic Parts & Equipment, Nec (5065)
- akta.pro primary industry
- Smart Contract Wallets / Account Abstraction (MPC/AA, social recovery, paymasters) (FSAPACAB)
Keywords
Where Etherbit is headquartered
LocationHeadquarters
- HQ city
- Surat
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Etherbit business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Marketing or Sales, Personnel, Infrastructure, Technology or R&D
Revenue model
- Hardware Sales: Sale of hardware wallets, security keys, ASIC miners, robots, and accessories through e-commerce platforms.
- Extended Warranty (Etherbit Protect): Extended warranty programs providing additional coverage for hardware wallets for periods of 1-2 years.
- Referral Commission: Affiliate/referral program where users earn commissions (starting at 5%) for referring customers who make purchases.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Entry-level hardware wallets under ₹10,000 |
| Unit Pricing | Pay-as-you-go | Mid-range hardware wallets ₹10,000-₹20,000 |
| Unit Pricing | Pay-as-you-go | Premium hardware wallets ₹20,000+ |
| Subscription | Multi-year contract | Etherbit Protect Extended Warranty |
| Transaction based/ take rate | Pay-as-you-go | Referral Commission |
Distribution channels4 records
Marketing channels4 records
Etherbit product offering
Product offeringCore offering
Etherbit is an Indian one-stop security and self-custody company that distributes and sells hardware wallets, security keys, ASIC miners, seed phrase backup devices, and robotics products through its own e-commerce site (Etherbit.in), Amazon.in, and Flipkart.com. The company serves as the official Indian distribution partner for leading global hardware wallet manufacturers including Ledger, Trezor, Keystone, Tangem, Yubico, SafePal, BitBox, and others, providing authentic hardware with verified factory integrity. It also offers its own Etherbit-branded accessories (Etherbit Plate, Etherbit Card, Skins, Covers) and an extended warranty program called Etherbit Protect.
Product overview
Etherbit operates as an Indian one stop security & self-custody company providing a comprehensive portfolio of hardware and software tools for protecting digital and physical assets. The core product offering centers on hardware wallets including Ledger (Nano S Plus, Flex, Nano X, Stax), Trezor (Safe 3, Safe 5, Safe 7, Model One, Model T), Keystone, Tangem, Coldcard, Blockstream, SafePal, CoolWallet, SecuX, OneKey, and other brands. Security keys from Yubico and Feitian provide multi-factor authentication. The company also distributes ASIC miners from Bitmain and WhatsMiner for various cryptocurrencies (BTC, LTC, ZEC, XMR, KAS, etc.), seed phrase backup solutions (Cryptosteel, Cryptotag, Etherbit Plate), and Etherbit-branded accessories (Protect extended warranties, Skins, Covers). Robotics products from Unitree (Go2, G1, B2, H1) and Waveshare accessories round out the portfolio. Etherbit serves as an official distribution partner for leading hardware wallet manufacturers, handling import and distribution across Etherbit.in, Amazon.in, and Flipkart.com.
Differentiator
Problem solved
Functional benefit
Products and services
- Hardware Wallets
Quantifiable outcome
- Serving cryptocurrency enthusiasts and institutional customers since 2017
Companies that use Etherbit
Customer profileNamed customers12 records
Segments4 records
Ideal customer profiles4 records
Etherbit technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Etherbit partnerships and signals
Strategic signalPartnerships
29 partnerships are on record, tiered core.
- TrezorcoreOfficial partner distributing Trezor hardware wallets in India. Products include Trezor Safe 3, Trezor Safe 5, Trezor Safe 7, Trezor Model One, and Trezor Model T. All products are CC EAL6+ certified open-source hardware wallets.
- LedgercoreOfficial partner distributing Ledger hardware wallets in India. Products include Ledger Nano S Plus, Ledger Nano X, Ledger Flex, Ledger Stax with various security certifications (CC EAL5+, CC EAL6+).
- KeystonecoreOfficial partner distributing Keystone hardware wallets. Products include Keystone 3 Pro (open-source PCI certified) and Keystone Tablet Plus.
- TangemcoreOfficial partner distributing Tangem wallets and rings. Products include Tangem Wallet (CC EAL6+ certified NFC wallet) and Tangem Ring (sizes US 6-13).
- YubicocoreOfficial partner distributing Yubico security keys and YubiKeys. Products include Security Key C NFC, YubiKey 5C NFC, YubiKey 5 NFC, YubiKey Bio series, and YubiKey 5Ci for Lightning devices.
- SafePalcoreOfficial partner distributing SafePal hardware wallets including SafePal S1, SafePal S1 Pro, and SafePal X1 with various security certifications.
- CryptotagcoreOfficial partner distributing Cryptotag seed phrase backup products including Zeus, Odin, and Thor.
- CryptosteelcoreOfficial partner distributing Cryptosteel Capsule for seed phrase backup and protection.
- BitBoxcoreOfficial partner distributing BitBox02 hardware wallets in multi-edition and Bitcoin-only edition variants.
- BlockstreamcoreOfficial partner distributing Blockstream Jade and Jade Plus hardware wallets along with Blockstream Jade Plus in various colors and materials.
- CoinkitecoreOfficial partner distributing Coldcard hardware wallets (Coldcard Q, MK4, MK5) and related products.
- CoolWalletcoreOfficial partner distributing CoolWallet Pro and CoolWallet S with CC EAL5+/EAL6+ certifications.
- CypherockcoreOfficial partner distributing Cypherock X1 hardware wallet (CC EAL5+ certified).
- DcentcoreOfficial partner distributing Dcent Biometric hardware wallet with biometric authentication (CC EAL5+ certified).
- imKeycoreOfficial partner distributing imKey Pro hardware wallet (CC EAL6+ certified).
- Material BitcoincoreOfficial partner distributing Material Bitcoin and Material Crypto products for physical seed phrase backup.
- OneKeycoreOfficial partner distributing OneKey hardware wallets including Classic 1S, Mini, and Touch variants.
- FoundationcoreOfficial partner distributing Foundation Passport hardware wallet (open-source).
- NgravecoreOfficial partner distributing Ngrave Zero hardware wallet (CC EAL7 certified with biometric authentication).
- BitmaincoreOfficial partner distributing Bitmain ASIC miners including Antminer S21 Pro, S21 XP, S21 XP+, L9, KS5, KS7, KA3, and various other models for Bitcoin, Litecoin, Kaspa, and other cryptocurrencies.
- WhatsMinercoreOfficial partner distributing WhatsMiner ASIC miners including M50, M50S, M50S+, M50S++, M60, M60S, M60S+, M63, M63S, M63S++, M66, M66S, M66S++, with various hash rates.
- ElphaPexcoreOfficial partner distributing ElphaPex miners including DG Home 1, DG 1, DG 1+, DG 1-10G, and DG Hydro 1 with hydro cooling for Litecoin mining.
- FeitiancoreOfficial partner distributing Feitian security keys including BioPass FIDO2 Plus/Pro, ePass FIDO series, iePass FIDO, and MultiPass FIDO.
- SecuXcoreOfficial partner distributing SecuX hardware wallets including V20, W10, W20, Xseed, Xseed Plus, Xseed Pro, and Nifty.
- UnitreecoreOfficial partner distributing Unitree robots including Go2 Pro, Go2 Air, G1, H1, and B2 models.
- BurnercoreOfficial partner distributing Burner Bitcoin and Burner Ethereum hardware wallets with NFC capability.
- ThetiscoreOfficial partner distributing Thetis FIDO2 and Thetis Pro FIDO2 security keys.
- SeedSignercoreOfficial partner distributing SeedSigner open-source air-gapped Bitcoin hardware wallet.
- GridPluscoreOfficial partner distributing GridPlus Lattice1 and SafeCard 2 Pack Ethereum hardware wallets.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
Etherbit competitors and assessment
Company assessmentRegional players
- The Crypto Merchant: US-based multi-vendor retailer of hardware wallets, mining hardware and security products. Comparable multi-OEM crypto-gadget distribution model, though primarily serving North America rather than India.
Direct peers
- Coinkite: Canadian manufacturer of Coldcard hardware wallets that also operates its own retail front. Like Etherbit, Coinkite couples direct manufacturing (or in Etherbit's case official distribution) with a branded commerce experience targeting self-custody buyers, making the business models directly comparable.
- Bitrefill: Sweden-founded global crypto retailer selling gift cards, mobile top-ups and hardware wallets (including Ledger/Trezor) directly to consumers. Comparable to Etherbit as a multi-country crypto commerce storefront mixing hardware-wallet distribution with adjacent crypto-product retail.
- Crypto Emporium: UK-based crypto e-commerce retailer distributing hardware wallets, miners and ancillary security products. Closely comparable multi-category, multi-vendor crypto-hardware commerce proposition aimed at retail and prosumer buyers.
Broad incumbents
- Ledger: French manufacturer of the world's leading hardware wallets (Nano S Plus, Nano X, Flex, Stax). Significant overlap because Ledger sells direct globally and is also Etherbit's core supply partner, meaning the relationship blends supplier and indirect competitor.
- Trezor: Czech manufacturer of the Trezor Safe and Model lines. Comparable as a wallet-maker targeting the same self-custody buyers Etherbit serves, while also being one of Etherbit's key distribution partners.
- Tangem: Swiss manufacturer of NFC hardware wallets and rings (CC EAL6+). Comparable as a supplier to Etherbit while also operating its own global DTC channel for the same self-custody customer segment.
- Yubico: Swedish/US manufacturer of YubiKey security keys and YubiHSM. Comparable as a supplier to Etherbit's security-key business and as a broader incumbent in hardware MFA for crypto and enterprise buyers.
Emerging players
- SafePal: Hong Kong-based hardware-wallet manufacturer with Binance backing, selling its S1, S1 Pro and X1 devices DTC globally and via regional distributors like Etherbit. Directly comparable offering for the same self-custody segment.
- Keystone (Formerly Cobo Vault): Hong Kong/Asia-based manufacturer of air-gapped hardware wallets (Keystone 3 Pro, Tablet Plus) that combines self-distribution in Asia with partnerships in markets like India where Etherbit holds the local distribution role.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks7 records
Key highlights7 records
Customer concentration
Etherbit social profiles
Digital presenceEtherbit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Etherbit leadership team
Management profileNumber of profiles
Profiles2 records
Etherbit funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Etherbit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Etherbit
What does Etherbit do?
Etherbit is an Indian one-stop security and self-custody company that distributes and sells hardware wallets, security keys, ASIC miners, seed phrase backup devices, and robotics products through its own e-commerce site (Etherbit.in), Amazon.in, and Flipkart.com. The company serves as the official Indian distribution partner for leading global hardware wallet manufacturers including Ledger, Trezor, Keystone, Tangem, Yubico, SafePal, BitBox, and others, providing authentic hardware with verified factory integrity. It also offers its own Etherbit-branded accessories (Etherbit Plate, Etherbit Card, Skins, Covers) and an extended warranty program called Etherbit Protect.
Is Etherbit a public or private company?
Etherbit is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Etherbit founded?
Etherbit was founded in 2017. It employs 1 to 10 people.
Where is Etherbit based?
Etherbit is headquartered in Surat, India, in the Asia region.
How does Etherbit make money?
Three revenue lines are on record. Hardware Sales are the primary driver. The others are extended Warranty (Etherbit Protect) and referral Commission.
Who are Etherbit's main competitors?
The Crypto Merchant is listed as a regional player. Direct peers are Coinkite, Bitrefill and Crypto Emporium. Broad incumbents are Ledger, Trezor, Tangem and Yubico. Emerging players are SafePal and Keystone (Formerly Cobo Vault).
Does Etherbit have an API?
No public API is recorded for Etherbit.
What industry is Etherbit in?
Etherbit's product category is Cryptocurrency Hardware Wallets. Its primary akta.pro industry code is FSAPACAB, Smart Contract Wallets / Account Abstraction (MPC/AA, social recovery, paymasters). Its NAICS code is 561621 and its SIC code is 5065.