At present Cryptocurrency is the hot topic in every corner of the city and is the renowned digital asset of the most financiers. Apart from gold, crypto is growing in popularity among the younger generation due to its rich rewards and opportunities.
To buy cryptocurrency in India, an investor must first create an online storage option for the cryptocurrency (such as Bitcoin) through a third party, as well as locate a crypto trading platforms. In order to participate in the exchange, the investor must first open an account with an exchange provider. The investor’s bank account must be linked to the account. Purchasing cryptocurrency through an exchange is one of the safest and simplest methods. However, before investing in the portfolio, it is critical to carefully examine all of the security measures.
Below we have picked up the most prominent 10 best crypto trading exchanges that an investor can choose to trade the coins. They are:
- Binance
- Wazirx
- Bitbns
- FTX
- Crypto.com
- Zebpay
- Coindex
- Buyucoin
- Zebpay
- Coin Switch kuber
- Binance trading Platform:
Binance is the worlds leading and #1 trading platform for most of the crypto investors. Binance is the world leader in peer-to-peer cryptocurrency trading. Hundreds of cryptocurrencies are supported. The platform is extensive, with numerous currencies in which to invest.
Binance also has its own cryptocurrency, the Binance coin (BNB). And there’s a clear benefit if you book with them through BNB.
Binance does not levy any fees for deposits.It assigns users to VIP levels based on the amount of money they trade. As you trade more, your VIP level rises, and you pay lower trading fees with each level.
Binance has a wonderful reputation and a lot of freedom. However, for newcomers, the sheer amount of alternatives might be daunting. As a result, it’s recommended for intermediate to experienced users.
- Wazirx:
WazirX, India’s leading cryptocurrency exchange, was bought by Binance in November of this year. The user interface could be expected to be simple based on the popularity.
WazirX is a cryptocurrency exchange, peer-to-peer cryptocurrency network, and NFT marketplace all in one. It has a huge crypto library to trade in. And the fee is determined by the subject currency.
You should assume some services to be integrated between these platforms as a result of the Binance acquisition, which is a good thing given Binance’s reputation and services.
WazirX has Android and iOS mobile apps. Additionally, desktop clients for Windows and macOS are available for download.
Bitbns:
BitBns is a cryptocurrency exchange headquartered in India that is slightly sophisticated. Hundreds of cryptocurrencies are supported. Before making a purchase, you may immediately check the current price, lowest buying limit, and associated costs.
While it may be scary for newcomers, it is nonetheless quite educational. BitBns wallet allows you to store your crypto assets, and they also support third-party crypto wallets.
BitBns, interestingly, has its own cold wallet, which was unfortunately out of stock at the time of writing.
There are other methods where you can earn interest by staking your cryptocurrency. But the best part is that you may start buying crypto assets with as little as INR 100.
The costs charged by BitBns are determined on your trading level, amount, and coin. Overall, this site provides excellent options for beginning your crypto journey. It is available as a web app as well as Android and iOS apps.
FTX trading Exchange:
FTX Exchange is a centralized cryptocurrency exchange that focuses on derivatives and leveraged goods. FTX offers a variety of trading products, including derivatives, options, volatility products, and leveraged tokens, and was founded in 2018 by MIT graduate and former Jane Street Capital international exchange-traded funds trader Sam Bankman-Fried. It also offers spot markets in over 100 cryptocurrency trading pairs, including BTC/USDT, ETH/USDT, XRP/USDT, and FTT/USDT, its own coin.
Crypto investors of all skill levels, from beginners to seasoned pros, or, in crypto vernacular, from newbies to whales, flock to FTX’s vast choice of products and easy-to-use desktop and mobile trading programmes. From basic market orders to more complex trailing stop orders, the FTX platform supports a wide range of order types.
Futures, leveraged tokens, options, MOVE contracts, and spot markets are among FTX’s most popular products.FTX is situated in the Bahamas and does not serve residents of the United States, who can instead trade on FTX US.FTX and FTX US are sister companies with similar management teams but distinct financing structures.
Crypto.com Exchange:
Crypto.com was created in Hong Kong in 2016. It presently has over 10 million customers and offers over 250 coins. Crypto.com provides a unique range of cryptocurrency-related financial solutions to users in 90 countries.
Crypto.com is excellent for novice to advanced cryptocurrency users due to its extensive currency selection, reasonable cost, and additional services. Beginners, on the other hand, may be intimidated by the abundance of options.
Crypto.com is a cryptocurrency exchange that offers services like trading, investment, staking, wallets, and non-fungible tokens (NFTs). This exchange has over 250 different currencies, low fees, and discounts for individuals who have a large position in Crypto.com Coin (CRO). Its ecosystem of crypto-related items may be a suitable fit for people trying to get the most out of their coin.
Crypto.com could be a suitable option for anyone wishing to buy and hold digital currencies like Bitcoin and Ethereum. Fees are capped at 0.40 percent and reduced with increased trading volume or CRO currency holdings.
Zebpay Exchange:
Zebpay is one of the most reputable cryptocurrency exchanges in India. Several cryptocurrencies, including Bitcoin, Bitcoin Cash, Ripple, Litecoin, and others, are available for purchase.
Zebpay claims to use 98 percent of its storage space as ‘cold’ storage for their subscribers. In brief, cold storage keeps you off the internet while you’re not using it, which is great for security.
If you do not trade at least once a month, you will be charged an extra membership cost. For keeping cryptocurrency, Zebpay will pay you up to 6% interest. If you lend cryptocurrency, the interest rate jumps to 12 percent.
They feature an exchange platform as well as a wallet where you can store your purchased cryptocurrency. Zebay is based in Singapore and has a global presence.
CoinDCX:
CoinDCX is one of India’s largest cryptocurrency exchanges, with over 4 million registered users who may legally access more than 200 cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, and many more altcoins. I
CoinDCX is a startup that debuted in 2018 and steadily gained traction. Because the trading charge is so low compared to other exchanges, more investors began to exhibit interest in CoinDCX. Additionally, the investors will be able to make free deposits and withdrawals. It is a useful choice for Indian investors who want to trade directly between the INR and any cryptocurrency. Tracxn awarded the exchange the title of ‘Elite list of Unicorns in India 2021.’
Buyucoin:
BuyUcoin is the brainchild of three Indians and has been in operation since 2016. You can exchange bitcoin and other cryptocurrencies with BuyUcoin. They also offer wallet services where you may hold or store your Bitcoin.
BuyUcoin uses the Salting algorithm to encrypt users’ passwords, prohibiting access to the information. They keep 95% of their money in cold, off-line storage.They offer two-factor authentication as well as a mobile app. The smartphone app, on the other hand, has a 1.9/5 rating on Google Play.They impose a deposit fee that varies according to their banking partner, a 0.24 percent maker/taker fee, and no OTC fee.
BuyUcoin accepts debit and credit cards, as well as NEFT and RTGS, net banking, and UPI. You can also link your Mobikwik wallet to the BuyUcoin wallet and deposit funds there.
Zebpay:
Zebpay is one of the most reputable cryptocurrency exchanges in India. Several cryptocurrencies, including Bitcoin, Bitcoin Cash, Ripple, Litecoin, and others, are available for purchase.
Zebpay claims to use 98 percent of its storage space as ‘cold’ storage for their subscribers. In brief, cold storage keeps you off the internet while you’re not using it, which is great for security.
If you do not trade at least once a month, you will be charged an extra membership cost. For keeping cryptocurrency, Zebpay will pay you up to 6% interest. If you lend cryptocurrency, the interest rate jumps to 12 percent.
They feature an exchange platform as well as a wallet where you can store your purchased cryptocurrency. Zebay is based in Singapore and has a global presence.
Coin Switch kuber:
CoinSwitch is indeed a mobile-only cryptocurrency trading platform that is only available in India. CoinSwitch Kuber allows you to purchase more than 80 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
You can start with as little as INR 100 on this site. It supports a variety of payment methods in the Indian ecosystem, including UPI, debit and credit cards, bank transfers, and more.
Conclusion:
Each and every crypto market had its own risks and benefits. One needs to carefully study them before going to invest in any crypto. The above mentioned are the best 10 crypto trading platforms that an investor can have a look at and select the desired one based on their requirements. A good investor needs patience and time in any digital market.
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