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Top 10 Apps to Trade Cryptocurrencies in India

best apps for cryptocurrency trading in India

From lucrative to prudential – this perceptual shift regarding cryptocurrency trading in India has never been as noticeable as it’s today. Some are doing so to make quick money. Some are taking the course to beat the rising inflation. Some see it as a means to secure their future with a passive income. Some also use it as an instrument to bypass the complex tax regime. While some are using it for noble reasons to help others in their difficulties with quick fund transfer. Its acceptance has triggered the demand for apps to trade cryptocurrencies in India.

Here is a roundup of top crypto exchanges apps to trade in India. Liquidity Scores, Volume, Web Traffic Factor, cvw and Confidence scores are the key criteria of this ranking.

PCEX Member/

Both spot and futures markets are available with the PCEX Member App. The trading app is owned by Panaesha Capital Traders. Major cryptocurrencies traded on this platform are BTC, BCH, DASH, ETH, and LTC. It supports investing with INR such as btc to inr , along with other fiat and crypto currencies.

Keeping its lot-size small that fills fast, for the first time, the trading app has been able to rope in small investors, who were earlier maintaining a distance from the crypto asset trading market. Low flat transaction fee is something that entices big and small investors. The transaction fee is a flat 0.3%. There is no deposit fee. For instant withdrawal, INR 10 is applicable. The worth of trading volume in the spot market stands at INR 11,75,63,83,087.56.

The PCEX Member Bitcoin & Cryptocurrency Exchange app is available on Google Play.

Binance

Spot or derivatives – no matter what side you choose, Binance has got you covered. Binance is based in Malta. Top cryptocurrencies traded on the exchange app include BNB, BTC, ETH and GRT. It supports investing with INR along with 42 other fiat currencies.

With market capitalization equivalent to $1,042,630,042,049 and the list of markets growing as many as 34,100, Binance deserves to be in this list. More market choices means you can diversify your investment portfolio to mitigate risk and maximize your earning potential.

The app is available on Google Play and App Store. Mac, Windows and Linux users can also download the respective desktop apps to make trading seamless.

Bybit

Bybit, established in March 2018, is one of the fastest growing cryptocurrency derivatives exchanges. It allows you to trade BTC, ETH, LINK, LTC, and XRP and other popular cryptocurrencies. Bybit doesn’t accept INR fiat, but you can invest and withdraw in USD.

Bybit has a market capitalization of $1,038,187,090,550 and the number of derivatives markets is 10. The crypto exchange rewards investors with bonus. The maker fee is -0.025%, and for takers, it’s 0.075%. The app is available on iOS App Store and Google Play.

Bitfinex

Spot and future markets trading options are available with Bitfinex trading app. It supports trading in 145 cryptocurrencies, including BTC, ETH, UST, XRP, LTC, EOS, DOT, and XLM. Currently, it doesn’t accept INR as a fiat currency, but you can trade in USD. Other supported currencies include, EUR, GBP and JPY.

The market capitalization of Bitfinex stands at $1,039,773,378 and it allows investors to trade in 303 markets.

Trading fees are between 0% and 0.1% for deposit, 0.2% for makers and 0.055% for takers. The crypto trading app is available on Google Play and App Store.

Coinbase Pro

Cited as one of the most trusted crypto exchange platforms for spot trading. Coinbase has over 35 million active users. Its 24-hour trading volume is worth getting a mention. It clocks at USD 5 billion. The exchange helps you trade in 42 crypto assets, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum (ETC) and Litecoin (LTC), to name a few. It doesn’t support INR as a fiat currency, but you can trade in USD. EUR, and GBP are also supported.

Coinbase was founded in San Francisco, California in 2012. The app presents a simple-to-use interface to ease trading. KYC verification is mandatory.

Coinbase levies per transaction fee, which is calculated as follows: for transactions under USD200, a minimum fee is applied. However, for transactions over USD200, a percentage fee is applied.

The crypto trading app is available on Google Play and App Store

Bithumb

Globally, Bithumb ranks 6th with a trading volume to the tune of USD2.5 billion. It supports asset trading in 135 cryptocurrencies, including Bitcoin, Ethereum, Ripple, Bitcoin cash, Stellar Lumens, and Litecoin. The virtual currency exchange platform has 8 million registered users. Currently, it only supports South Korean Won, but you can trade from India using your Master or Visa card with an international transaction facility.

Wondering about the transaction Fee? Deposit fees depend on the type of coin you want to use to fund your account. No fee is required when you use cryptocurrencies such as Ethereum, Ripple and EOS. Deposit with Bitcoin, Dash and Litecoin carries a very small fee. Likewise, the withdrawal fee depends upon the currency type. For example, with Ethereum, it costs 0.01 ETH and Bitcoin, 0.001 BTC.

The Bithumb crypto trading app is available on Google Play and iOS App Store.

Bitstamp

In the global ranking list of crypto exchanges platforms, Bitstamp ranks at No#7. Bitstamp supports spot trading with 13 cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH) and Ripple (XRP). The app doesn’t support INR as fiat currency, but you can do with USD . EUR, and GBP are also accepted.

Trade using its web or mobile applications. Features like intuitive interface, instant deposit options and cash-out-directly to any bank account make it highly popular.

Take note of the transaction fees. 0,5% is applicable on all trades under 10,000 USD. For bigger trades, the fees go down. For example, trades bigger than 20,000,000 USD attract a fee of 0.1% only.

You can download the Bitstamp app from Google Play and Apple App Store.

KuCoin

Both spot and futures markets are available on this app. KuCoin supports 254 cryptocurrencies, including BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin), XRP (Ripple), KCS (KCS). You can use a credit/debit card (Simplex, Banxa, PayMIR), bank transfer, PayPal, or SEPA to deposit or withdraw funds.

The crypto trading app presents a multi-tiered fee structure comprising 13 levels (LV0 to LV12) based on the trade volume. For below USD100 (LV0), it’s 0.02% for makers and 0.06% for takers. For USD≥160000, the maker and taker fees are -0.015% and 0.03% respectively.

You can download the KuCoin app from Google Play and Apple App Store.

OKEx

OKEx offers trading in spot and derivatives. The crypto trading platform was launched in 2014 and is headquartered in Malta. Buy and sell BTC, ETH, XRP, OKB and other digital assets with ease.

OKEx maintains a good liquidity. Its lot sizes are generally higher that works good for big investors intended to buy more assets, but small investors do not find it much useful. The maker fee is 0.02% and taker fee is 0.05%

Download the OKEx app from Google Play and Apple App Store to conveniently manage your investment from anywhere, anytime.

BitMEX

Founded in 2014, BitMEX has a market capitalization above USD1 Trillion. The cryptocurrency application, available on Web and mobile, allows you to trade in Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, EOS, Binance Coin, and other crypto currencies.

It has 16 spot and futures markets with BTC dominance as high as 68.5%. High liquidity and low transaction fee make it equally popular amidst beginners and experienced, and small and big crypto investors. The maker fee is -0.025% and taker fee is 0.075%.

The mobile app is available for Android and iOS users. Place market, limit, and stop orders, perform deposits and withdrawals, and much more easily from anywhere.

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Rahul Kohali
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