As the world of cryptocurrencies and blockchain gains prominence, so does the Indian crypto trading market. At the moment, there are numerous trading platforms available. This article will help you get started with cryptocurrency trading. It includes the top eight cryptocurrency exchanges in India.
How to Choose a Platform to Buy and Sell Cryptocurrencies
Things to think about before choosing a crypto exchange platform:
1) Security: A secure platform is essential when storing sensitive information. Look for two-factor authentication, multi-signature wallets, cold storage, and hardware wallets as security precautions.
2) Liquidity: Determine whether the exchange has enough liquidity to meet your needs. For example, if you want to invest in less liquid altcoins, go with a business that has a broader range of trading pairs.
3) Fees: Exchange fees differ depending on the exchange. Some charge per transaction, while others charge a flat fee for every purchase or withdrawal.
Best Crypto Exchange In India
We’ve compiled a list of the Best Indian Cryptocurrency Exchanges so you can find the best crypto exchange in India to purchase Bitcoin and other cryptocurrencies.
WazirX – Best Crypto Exchange In India
WazirX, which was founded in 2018, is the most popular cryptocurrency exchange in India, with the goal of becoming the most trusted cryptocurrency exchange in the country.
The platform, which is available on Android, iOS, Web, Mac, and Windows, has over 6.5 million registered users. On June 1st, 2021, WazirX completed $6.2 billion in Bitcoin (BTC) transactions for their clients worldwide.
Best Crypto Exchange In India
WazirX is a cryptocurrency trading app that also serves as a central hub for managing, tracking, and analyzing digital assets. WazirX is one of the most popular cryptocurrency trading apps in India. It provides users with access to a trading platform as well as a set of tools for dealing with digital currency. The website allows you to manage your transactions and portfolio for free and provides a wealth of information that can be used for research, trading automation, and investment management.
When you use these resources, you will have access to the information, tools, and coaching you need to advance as a trader, and you may be able to master the ins and outs of trading cryptocurrencies in a relatively short period of time and with little difficulty. Customers have access to a simplified trading interface on the platform as well as information to help them learn more about bitcoin trading.
This transaction has caused quite a stir on social media due to its unique characteristics. Unlike in the past, when traders were limited to peer-to-peer transactions, this platform allows users to exchange, giving investors more options.
BuyUcoin
BuyUcoin, founded in 2016, is the oldest multi-asset cryptocurrency exchange still operating in India following the RBI ban. Is another market leader in India’s cryptocurrency market. It offers a simple and trusted platform for buying, trading, storing, and accepting a variety of cryptocurrencies such as Bitcoin, Ethereum, Ethereum Classic, List, NEM, Civic, Litecoin, Bitcoin Cash, and many others. It has served over 3.5 million customers by allowing them to trade in 200 cryptocurrencies through a simple user interface devoid of complex features.
BuyUcoin has over 250k users who trade over 30 crypto assets on the platform. Users can purchase cryptocurrencies directly from the exchange using their credit cards. Has also added the ability to make recurring purchases, allowing users to invest in cryptocurrency as a SIP. He developed and proposed a “sandbox” framework to regulate cryptocurrencies in India in order to avoid a blanket ban on cryptos in India.
CoinDCX
CoinDCX is an additional major cryptocurrency exchange in India. CoinDCX offers zero-fee instant fiat-to-crypto conversions, allowing users to access a diverse suite of financial products and services backed by industry-leading security processes and insurance protection. CoinDCX provides users with an integrated suite of products, including DCXinsta, a one-stop-shop P2P for purchasing 100+ cryptocurrencies instantly with INR.
In India, the CoinDCX platform is a user-friendly cryptocurrency exchange that also offers users access to a Blockchain Wallet. The Coinbase Company has made a significant investment, which has helped to make this platform the most popular for trading cryptocurrencies in India. The widespread promotion of bitcoin trading as well as the growth of the cryptocurrency market in India. This trading platform makes it simple and quick to buy or sell Bitcoin and other major cryptocurrencies denominated in Indian rupees. If you are interested in either of these activities, you should look into it.
CoinDCX also provides lending and staking services to help users earn passive income from their crypto investments. It currently offers staking for ETH2.0, EOS, NEO, ONe, QTUM, TRX, and Tezos (XTZ) coins, but the reward percentage is lower than what other platforms offer.
Bitbns
Bitbns (think BITcoin Buy and Sell) is an Indian cryptocurrency exchange founded in 2017 by IIT graduates. After the RBI ban, the only way to buy and sell bitcoin is through peer-to-peer transactions. A few Indian exchanges, including Bitbns, use a P2P model in which users can buy and sell cryptocurrency in India directly.
After completing their KYC, users can begin using Bitbns. Bitbns is one of India’s largest cryptocurrency exchanges, with over 40 million users. It provides services such as spot trading, margin trading, crypto SIP, launchpad, and a variety of other crypto-related services.
Giottus
Giottus is a new cryptocurrency exchange that also operates on a peer-to-peer basis. They have a quick KYC process that is required of all users. It takes me about 5 minutes to complete the KYC requirement with a copy of my PAN CARD and ADHAR. This exchange currently supports a number of coins, including Bitcoin, Ethereum, BCH, Ripple, and Litecoin.
They charge a flat fee of 0.25% on buy orders and no fee on sell orders. A high-speed order-matching engine is capable of processing 50k transactions per second powers the Giottus platform. You can withdraw money using Payment Gateways, NEFT, IMPS, and RGTS.
Zebpay
Zebpay is one of India’s oldest and largest cryptocurrency exchanges. Due to the RBI ban, Zebpay was relocated to Malta and also had an office in Singapore, and it now supports over 150 countries. Zebpay charges a 0.15% maker fee and a 0.25% taker fee for trading. They also charge varying withdrawal fees for various cryptocurrencies. The Zebpay app is also available for Android and iOS devices. App Download
Users praised Zebpay for its simple, clean, and user-friendly interface, as well as the ability to block all outgoing transactions with the touch of a button to ensure the security of their account(s).
Zebpay has also introduced a cryptocurrency lending service. Users who keep their crypto funds in Zebpay wallets can earn a fixed interest rate of up to 6%.
CoinSwitch Kuber
CoinSwitch is a global crypto exchange aggregator service that was launched in 2017. Coinswitch Kuber, a mobile app-only crypto investment platform, was launched in 2020. Users can use INR deposits to buy and sell cryptocurrency on their marketplace. CoinSwitch Kuber is a cryptocurrency trading platform designed specifically for the Indian market. It provides a wide range of tools and resources, including charts, order books, news, wallets, and so on. In addition, the platform supports a number of languages, including English, Hindi, and others.
The platform includes a mobile app for smartphones running Android and iOS. The app allows users to check their balances, make payments, deposit/withdraw funds, and so on. Aside from these features, the app includes a chat window where users can interact and assist one another.
Unocoin
It is a well-known bitcoin company in India and is highly recommended for first-time bitcoin users due to its user-friendly interface and simple usage. Unocoin is appealing because updates are made on a regular basis, with the implementation of various additional features. It is an exclusive platform for users who invested in bitcoin as part of a System Investment Plan (SIP).
Unocoin is the industry standard bearer in terms of digital currency trading platforms. Even if you do a lot of business with Unocoin, you may be able to benefit from its low gas prices and variable transaction fees. If you use its trading application programming interface and build trading bots that use real-time market data, you will have an advantage over your competitors.
Unocoin has significantly aided trade and movement in India’s campaign for cryptographic currency rights. You can finish the registration process, including entering your financial information, in less than ten minutes and begin trading right away. This simple strategy has repeatedly proven successful, making it an excellent choice for new crypto traders.
Conclusion:
This article discusses India’s five most popular bitcoin trading programs currently available. Each of these programs for trading cryptocurrency stands out in comparison to the others due to its unique properties. WazirX, Unocoin, and CoinDCX are a few of the top Indian cryptocurrency exchanges discussed in this article. We hope that by the conclusion of this article, you will have a better understanding of which bitcoin trading app will best suit your needs.
