BrokerChoose’s study highlights that more than 10 crore Indians hold cryptocurrency, making India the biggest trader of cryptocurrency. Screens across the country are flooding with advertisements on cryptocurrencies. Thus, it became necessary to develop various websites and crypto apps to facilitate exchanges with cryptocurrencies like bitcoins and altcoins. The pattern is similar to that of a stock market. You can buy, sell or keep hold of crypto. Alongside, there are even many trustworthy crypto listed websites that provide trading services.
Here is a list of the best crypto exchanges and top coins to invest in India.
Read further: The government’s take on cryptocurrency in India.
1. CoinSwitch Kuber
CoinSwitch Kuber came into existence in 2017 as a global aggregator. Later it was launched in June 2020 as the Indian Cryptocurrency Exchange known as CoinSwitch Kuber. It gained attention during the IPL season of the year.
The best part is- It permits individuals to trade with a very minimal amount of Rs. 100 as well. Hence, it encourages people to slowly and gradually enter into the world of trade, rather than losing heavy amounts in the beginning. Lastly, investors like Sequoia, Ribbit, Capital, and Paradigm support this exchange.
2. WazirX
WazirX was founded in 2017 and later was bagged by Binance Holidays – one of the world’s biggest platforms for crypto exchanges. It also assures safe and secure trade and gives multilingual support. The P2P system here eases and fastens the process by auto-linking the buyer to a seller, making safer trades.
This crypto app is also available on Android, iOS, Web, Mac & Windows. This exchange has created a buzz into the social media platforms as it facilitates individuals to buy the best coins like INR, USD, Bitcoin and make accurate transactions. Alongside, it has its cryptocurrency called WRX, which you can buy with INR and later exchange WRX for crypto. This crypto app also enables earning of tokens through contests on the app.
3. Zebpay
Zebpay enables trade across 6 EUR-Crypto pairs and 5 crypto-crypto pairs across bitcoin, ether, Litecoin, EOS, Ripple and Bitcoin Cash. It emerged as an appealing exchange site as it offers a simple, clean, light, and user-friendly interface. Further, it also has an advanced security system and includes a feature that controls over disabling outgoing transactions. However, Zebpay offers a very minimal variety of cryptocurrencies.
4. CoinDCX
Launched in 2018, one of the most well-known options for investors is this Mumbai-based start-up cryptocurrency exchange. It claims to have more than 1 lakh active users and provides over 200 varieties of cryptocurrencies to trade-in. Though there is a minute trade fee, it assures free withdrawals. It is very advantageous for almost 3.5 million investors who directly trade from INR to BTC on this platform.
5. Unocoin
Established in 2013, Unocoin is one of the oldest cryptocurrency exchanges in India. The exchange proudly boasts that it holds almost 15 lakh registered investors currently. The platform enables users to buy and sell Bitcoin with INR. Alongside what makes this exchange interesting is the allowance to the users to schedule their sales, post which they can automatically sell a certain amount of cryptocurrencies on a particular date and time.
Apart from this, Unocoin also enables Recharge and Top-up wallets for using Bitcoins in cellphone and DTH recharges. The site also supports the Merchant Gateway System which allows online businesses to accept Bitcoins for payment. Lastly, features like transaction fee, security, and the credibility of the exchange before a transaction are necessary points to consider.
6. Bitbns
Bitbns is meant for trading in cryptocurrency as it allows an individual to buy and sell the best altcoins without any interruption of a third panel. It consists of more than 100 listed cryptocurrencies. It ranges from Bitcoins and Ethereum to Shiba Inu. Additionally, Bitbns eases the trading process. The other cryptocurrency exchanges owe the partnership with a global cryptocurrency exchange – OKEx.
If an individual opts for Bitbns through OKEx’s buy and sell tools, the traders spread across India gain the ability to buy USDT, LINK, AAVE, MATIC, etc. Bitbns thus aims to provide:
– A gateway to traders,
– New trading pairs,
– Private access to altcoins, and
– High yield staking products.
7. BuyUCoin
One of the very trustworthy and convenient modes to trade in cryptocurrency in India is BuyUCoin. It supports seamless trading and has a wide range of cryptocurrencies. Alongside, it offers a SIP feature that aids in the easy and smooth functioning of transactions. This platform monitors the usage of cryptocurrencies across the entire country with the help of a system named ‘sandbox.’
8. Binance
Binance Exchange was founded in 2017 to focus on the buying and selling of best alt coins. Later, the US banned it in 2019, and now in November 2021, it dominates the global market as it owns a significant portion. Binance is well suited for individuals who prefer trading and investing in lesser-known altcoins. The exchange offers almost 50 varieties of cryptocurrencies. The features and the charting abilities are appealing, especially when it comes to the fees of transactions.
9. CoinBase
The industry offers many fraudulent coins, and CoinBase majorly avoided this controversy. Coinbase offers fully insured custodial wallets for traders and investors. These individuals carry insurance against data breaches and hacking. Apart from this, the FDIC department stores the users’ cash. CoinBase also offers a Pro version with a similar fee structure. Also, it has significant options for charts and indicators. The exchange also owns private keys to the coins. Thus, CoinBase Pro is the perfect step for those who have better hands on the ropes of using CoinBase.
10. Kraken
Since 2011, individuals have been investing in this US trusted exchange. Today, it has become the third-largest exchange in the world market when we talk about the volume of trade done. Besides, it also holds a massive international presence. Kraken has higher standards for its customer’s satisfaction and support. It becomes possible as they offer 24/7 help to their investors. Though, they have a very minimal selection of coins as compared to Binance or WazirX.
Final take:
Therefore, if you are looking forward to investing or trading in cryptocurrency, you must choose the best exchange that meets your personal or business goals. So, if an individual seeks to have most of the currencies, the lowest fees, or gain the most experience, these exchanges prove to be a good option. Lastly, whether you require an all-rounder exchange or a proper competitive exchange, the most basic necessity is to have a well-funded account to purchase cryptocurrencies.
