Top 8 Cryptocurrency Exchange Platforms in India
Cryptocurrency trading can be both exhilarating and nerve-wracking. To make your trading experience as comfortable as possible, we have curated a list of the top ten cryptocurrency exchange platforms in India.
Our list comprises exchanges that offer:
1) Lowest commission rates: It is essential to look for an exchange that doesn’t charge you hefty commission rates for every transaction. Make sure to compare the fees between exchanges before you register on one.
2) Easy verification process: Verification process should be quick and easy so that you can start trading right away even if it’s your first time. You should also not have to provide any personal details like PAN card number etc.
3) Low latency: When we trade, we want to know about it right away and not wait for.
What are cryptocurrencies?
Cryptocurrencies are a type of digital currency that is generated by using encryption techniques to regulate the generation of units of currency and verify the transfer of funds. It is an asset that can be exchanged online without involving banks or any other central authority.
A cryptocurrency can be managed just like an email account, through private keys and passwords. This means that you are responsible for your own security. If your cryptocurrency account is hacked, there are no methods to recover it other than trying to find who did it and get them to give the money back. There are many cryptocurrency exchanges in which you can convert your money to another type of currency if you don’t want it in this form anymore, but you will have to go through a lengthy verification process first.
Which Is the Best Cryptocurrency Exchange in India?
The Indian market for cryptocurrencies is an exciting one. It’s the only country in the world with a population of over 1 billion people and it’s also one of the fastest growing economies in the world. This has made it an interesting place to invest in cryptocurrencies. However, there are so many exchanges to choose from that it’s not easy to know which one is best. Let me help you out.
Here is our list of best cryptocurrency exchanges in India:
#1. WazirX
WazirX is India’s first and most trusted cryptocurrency exchange. It is a platform where you can trade Bitcoin, Litecoin, Ethereum and many other cryptocurrencies. It has a user-friendly interface and comes with a mobile app as well as a chatbot for your convenience.
The Indian cryptocurrency market is one of the largest in the world, with an estimated worth of $600 million. WazirX, one of India’s leading cryptocurrency exchanges, has partnered with nine banks in India to launch its cryptocurrency exchange.
#2. Binance
Binance is a cryptocurrency exchange that provides digital currency trading pairs, including Crypto-to-Crypto and Crypto-to-Fiat. Users can also avail the services of the Binance platform to buy and sell virtual currencies using fiat currency.
Binance has a total of 200 coins listed on its platform. The list includes Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Cardano and more. To start trading on Binance users need to create an account and take a verification process which includes uploading scanned documents and identity verification by uploading pictures of their passport or driver’s license.
#3. CoinSwitch Kuber
CoinSwitch is a cryptocurrency exchange aggregator, which currently supports more than 300 cryptocurrencies and 6000+ pairs trading. It has the most diverse range of coins in the industry, including some of the newest coins that have just become available to trade.
One of the key benefits is that it is an aggregator for multiple exchanges, so you can buy on one exchange and sell on another without worrying about moving money between exchanges. For example, you can import your bitcoin wallet address from Coinbase, or create an account on CoinSwitch with your bitcoin wallet address from another exchange like Binance. You will then be able to see all of your balances in one place.
#4. CoinDCX
CoinDCX is India’s largest and safest cryptocurrency exchange where you can buy and sell Bitcoin and other cryptocurrencies.
It currently offers trading in Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, EOS and Stellar Lumens. It secures customer funds through cold storage and a strict KYC process. The company has a five-tier authentication system with two-factor login to keep your account secure while trading on the platform.
#5. Zebpay
Zebpay has been a one-stop shop for Indian Bitcoin users in India. The cryptocurrency exchange in India is a user-friendly app that offers a variety of options for buying, selling, and storing Bitcoins. They support bitcoins, ether, ripple, litecoin and other major digital currencies.
Zebpay provides crypto-to-crypto trading in real time which means users can trade cryptocurrencies without having to move them into a different currency like US dollars.
#6. Bitbns
Bitbns is a cryptocurrency exchange that allows you to trade in a better way. With the thrid-party Peer-to-Peer system, this exchange is one of the fastest and simplest ways to do it.
The best part is that Bitbns only charges a transaction fee of 0.25%. It also supports more than 130 coins and tokens for trade – any time, anywhere!
#7. Giottus
Giottus is a one stop shop for all your crypto needs. This platform allows you to trade in the most popular crypto currencies such as Bitcoin, Ethereum, Litecoin and more. To make trading even easier we offer mobile trading via Giottus mobile app(iOS and Android) and Web trading (PC).
Trading cryptocurrency on Giottus is not only easy but also the safest way to trade. They provide you with a seamless trading experience by holding your funds in cold storage wallets that are not accessible from the internet directly.
#8. Buyucoin
BuyUCoin is India’s best cryptocurrency exchange that enables you to buy bitcoin and other cryptocurrencies at the best price. With 1 million+ customers to buy bitcoin and other cryptocurrencies at the best price, BuyUCoin is India’s most secure crypto exchange.
Conclusion:
No one can find the perfect cryptocurrency exchange in India for themselves.
It is hard to find the best cryptocurrency exchange in India. We have done this research for you so that you can avoid being scammed or tricked.
There are so many scams out there and it’s difficult to know which exchanges are trustworthy. We have done this research for you so that you don’t fall into the trap of a scammer or get tricked into giving up your money, time, and personal data.
