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Best Crypto Exchanges in India

Cryptocurrency is everywhere in the present. This is likely due to the rapid increase in the cost of digital assets and an abundance of advertisements featuring your Bollywood star telling you that cryptocurrency is the future. But how can you enter the market and begin investing in cryptocurrency to earn profits quickly?

By Zainab ShaikhPublished 2 years ago 7 min read
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The answer is through cryptocurrency exchange applications. They play an essential function in evaluating the entire crypto-related ecosystem. They can assess the value of the various cryptocurrencies available and buy and sell altcoins and manage your account. Before we move on to our list of the top cryptocurrency exchange websites you can use within India (along along with the fees and features), This is the function of cryptocurrency exchange apps. These are all working on Blockchain technology and you can also learn about it by getting your Blockchain training.

What can an app for cryptocurrency exchange do?

For those who aren't aware, the cryptocurrency exchange applications provide users to gain quick access to the various cryptocurrency options on the market and allow them to make trades (buy or sell) on the move. There is no need to mine cryptos with laptops. Instead, these apps help the desire of traders to trade cryptos and get into the world of digital currency decentralized networks. The entire procedure has been made easier for anyone to sign-up, and the mobile app interface is designed to facilitate the need for quick learning. There are crypto exchange apps for mobile devices available through the Google Play Store and Apple App Store that work on Android and iOS phones, respectively.

The six best cryptocurrency exchange applications in India

It's important to mention that cryptocurrency's legality in India is in the open. It's not yet declared an official currency in India as of at this time. But, the regulators have granted permission to businesses to begin their ventures and have resulted in a variety of cryptocurrency exchange apps over the past couple of years that let you trade in cryptos like Bitcoin, Ethereum, Dogecoin, and more on your smartphone, instead of large-sized computers like laptops. Here are a few of the most popular cryptocurrency exchange applications available in India:

1. WazirX

You may have seen this brand on social networks quite frequently in recent times, suggesting that it is very popular with users. The app for crypto exchange allows users to invest in the INR currency, US USD, BTC as well as P2P. In actual fact, WazirX has its own coin called WRX, which can be purchased with INR. It is then possible to utilize WRX as a way to buy another cryptocurrency. One of the most popular advantages of WazirX is the possibility to earn money through different contests available in the section on the information of the application. Customers can also secure their accounts by using a 2FA or App passcode, which can be set in the settings of the phone.

WazirX is charged a charge of 0.2 percent, which is applicable to both the user and the taker. You can transfer any amount over 100 Rs into the WazirX wallet through NEFT RTGS, IMPS, and UPI. The first three are accompanied by the transaction cost of Rs 5.9 for RTGS transactions, while UPI transactions are processed without any charges.

2. Unocoin

Then there's Unocoin. It is a popular cryptocurrency known for its user-friendly experience and its support of numerous different cryptocurrencies. When signing up for the application, users are required to sign up for an account and be sure to fill in all KYC (Know Your Customer) information. The app also has the ability to schedule sales that allows you to automate selling through within the account tab. Unocoin users pay an additional fee of 0.7 percent for the purchase and sale of the assets they own, which is more than the rates WazirX is charging. The rate is valid for a minimum that is 60 days. After that, the application for a fee of 0.5 percent and will upgrade you to a Gold membership, too.

Unocoin deposits permit the deposit of a minimum amount of 1,000, which is greater than the one WazirX allows. However, when you make a deposit through NEFT, RTGS, IMPS UPI, or UPI, you do not have to pay any charges. But that using the MobiKwik wallet will incur transaction charges of 2 percent, and for credit and debit cards, there is a fee set by banks. Unocoin also provides biometric security options using your fingerprint ID and passcode. If you enter incorrectly with an ID that is biometric, the application will be able to log you out.

3. CoinDCX

CoinDCX is regarded as the most flexible trading platform for cryptocurrency assets within the nation. It allows you to buy or sell up to 200plus trade coins. In addition, the set-up process is now simpler by using one-time passwords (OTP) that you can create using your mobile number registered with the company and email ID.

If you click on the Settings tab in the app, you'll be able to discover a wealth of information about cryptocurrency investing and how they function within the virtual world. CoinDCX has a maker and taking fee that is 0.1 percent. The minimum withdrawal limit of $1,000 without charges. The app for cryptocurrency exchange only accepts INR for trading with cryptocurrency. It is possible to deposit funds into the account via NEFT, UPI, RTGS, IMPS, or even a basic bank transfer.

CoinDCX offers a wide array of security measures, and that's a great thing. In the beginning, customers need to authenticate themselves using the Google authenticate application. Without this, you will not be able to trade through the application. Also, you must establish the password for withdrawals, which needs to be validated for each cash withdrawal.

4. Zebpay

Another exchange application for cryptocurrency that you are likely to have heard of is Zebpay. It's among the most popular cryptocurrency trading apps on the market. You can sign-up and provide complete KYC information through your mobile phone number before you can begin trading. Zebpay supports the refer-and-earn option. If you are able to convince people to consider cryptocurrency trading through Zebpay to other people and they decide to sign up, you earn 50 percent of trading charges made via your link for a year. The minimum amount to deposit using UPI is Rs 100, and for all other types of payment is Rs. 1,000.

Zebpay is a payment platform that charges fees across all categories. The membership cost is in the amount of 0.0001 BTC per month. It claims you can get rid of the fee by investing actively in it. Zebpay comes with 0.15 percent maker fees and 0.25 percent taker fees as well. However, if your trade (buy or sale) takes place on the same day, you'll be charged a trading fee of 0.10 percent. Zebpay allows free deposits of all cryptos. However, if you deposit with UPI, it will charge an additional fee of 15 rupees, and 1.77 percent is charged for net banking. It also has 10 rupees for all withdrawals, and for Bitcoins, it's 0.0006 BTC.

5. CoinSwitch Kuber

CoinSwitch Kuber was an ever-present advertisement feature in the IPL last year. The platform has received funding from well-known investors as well as VC companies like Sequoia and many others. The company claims that it lets you trade with more than 100 cryptos and offers the most competitive trading rates on the market. Utilize an account on mobile to set up an account via the application. However, you can't begin trading until you have completed the KYC procedure, of course.

You will receive the option of a 4-digit pin code to protect your account with the application. CoinSwitch Kuber states that its first 100k customers who sign up on the platform will not have to pay the fees for trading for the first 100 days. The user interface is simple, and the aggressive marketing has attracted people to CoinSwitch Kuber. The most popular crypto exchange application lets you deposit INR using the NEFT system, bank transfer, and UPI. However, the app does not divulge information regarding the security measures it employs to keep crypto-assets safe. The overall mechanism for service requires improvements and the specifics of trading are not clear.

6. Bitbns

Bitbns is a different app that allows you to trade cryptocurrency. It is available for download on both Android mobile phones and iPhones. The app allows you to buy and sell altcoins with no involvement of a third party. It has over 100 cryptocurrency options, ranging from the well-known Bitcoin as well as Ethereum to the more recent Shiba Inu. Furthermore, Bitbns offers ease of trading that is unlike any other exchange, thanks to its collaboration with the global crypto exchange OKEx.

If you select Bitbns through the Buy/Sell tool of OKEx, users in India are able to purchase USDT, LINK, AAVE, MATIC, and USDC with rupee through bank transfers as well as IMPS and UPI. The company also hopes to provide Indian customers access to the gateway for fiat and a variety of brand new trading pairs, prior access to the latest coin or token launches, as well as high yield staking options through the partnership.

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About the Creator

Zainab Shaikh

I love focusing my energy on pursuing peoples' profiles and finding the perfect job opportunity for them, where they can thrive and play a role in shaping the trajectory of stealth startups in the tech world.

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