Cryptocurrency is on everyone’s lips these days. This could be due to a sudden jump in the price of digital assets and a flurry of ads featuring your Bollywood superstar telling you that cryptocurrency is the future. But, how do you get into it and start investing in cryptocurrencies to book some quick profits? The answer is cryptocurrency exchange apps. These apps play a vital role in evaluating the entire crypto ecosystem. they can be Used to check the prices of various cryptocurrencies, buy and sell altcoins, and manage your account. NSbefore we List of Best Online Cryptocurrency Exchange Apps You can try it in India (with their features and charges), here’s what cryptocurrency exchange apps do.
read alsoBitcoin Explained: How to Buy Bitcoin in India, How to Min it, How to Sell it, and Other Questions Answered
What does a cryptocurrency exchange app do?
For those unaware, cryptocurrency exchange apps help you have quick access to various cryptos available in the market and let you trade (buy and sell) on the go. You do not need to mine crypto using a laptop. Instead, these apps are facilitating your desire to trade in crypto and enter the world of decentralized digital currency networks. The entire process is simplified for anyone to sign up, and the mobile app interface completes the quick learning. You have crypto exchange apps for mobiles available on Google Play Store and Apple App Store that work on Android and iOS phones respectively.
6 Best Cryptocurrency Exchange Apps in India
It is noteworthy that The legality of cryptocurrency in India is still up in the air. It has not yet been declared as legal tender in the country. However, rRegulators have finally opened the arena for companies to start their own ventures, and this has given rise to a number of cryptocurrency exchange apps over the years that let you invest in cryptos like Bitcoin, Ethereum, Dogecoin, and more. Instead we use our smartphones – heavy machines like laptops. Here are some of the best cryptocurrency exchange apps in India:
- Lets you trade in different currencies
- Over 100 cryptocurrencies available to buy
- Charges only 0.2 percent commission on every transaction
You must have heard this name quite a lot on social media recently, which shows that it is quite popular among the people. This crypto exchange app allows you to invest using INR, US Dollars, BTC and even P2P. In fact, WazirX has its own coin called WRX which can be bought using INR. You can then use WRX to invest in other cryptos. One of the popular features of WazirX is that you can earn coins through various contests which are available on the information section of the app. Users can secure their account using 2FA or in app passcode which can be enabled from the phone’s settings.
There is a 0.2 percent charge on the manufacturer and the taker of WazirX. You can deposit any amount above Rs 100 in WazirX Wallet through NEFT, RTGS, IMPS and UPI. The first three transaction charges come with Rs 5.9, while the UPI transactions are without any charges.
- One of the oldest crypto exchange app in India
- schedule sale option
- No charges on payment through NEFT, RTGS, IMPS, or UPI
Next you have Unocoin, which is known for its simple user interface and support for multiple cryptocurrencies. While signing up for the app, the user has to create an account and ensure to complete all the KYC (Know Your Customer) details. The app also includes a schedule sale feature that lets you auto-sell from the Profile tab. Unocoin users are charged a fee of 0.7 percent when they buy and sell their assets, which is higher than WazirX orders. This rate is applicable for minimum 60 days of usage. After that, the app charges a 0.5 percent fee and also upgrades you to a Gold membership.
Unocoin allows deposit minimum of Rs 1,000 which is higher than what WazirX offers. But when you deposit money using NEFT, RTGS, IMPS or UPI, no fee is charged from the users. That said, there is a transaction fee of 2 per cent for using MobiKwik wallet and for debit or credit cards as well, you will have to pay a fee as prescribed by banks. Unocoin also provides biometric security features via Finger ID and Passcode. But suppose you type wrong code along with Biometric ID, then the app will log you out.
- 200+ altcoins available to buy and sell
- Charges 0.1 percent fee on maker and taker
- secure platform
CoinDCX is recognized as the most versatile trading app for crypto assets in the country. It lets you buy or sell up to 200+ trading coins. Along with this, the entire setup process has been simplified by using One-Time Password (OTP) on your registered mobile number and email ID.
If you go to the Settings tab of the app, you can learn a lot about investing in cryptocurrencies and how they work in the virtual world. CoinDCX charges one maker and one buyer fee of 0.1 percent, with a minimum withdrawal limit of Rs 1,000 without any fees. This cryptocurrency exchange app supports only INR for you to trade in crypto. You can deposit money into the account using NEFT, IMPS, RTGS, UPI, or even a simple bank transfer.
CoinDCX has a comprehensive set of security measures and that is a good thing. First, users need to verify themselves using a Google authenticated app. Because without this you cannot start trading on the app. You will also need to set a withdrawal password that must be confirmed for each withdrawal you make.
- Highest referral commission
- Free deposit for all crypto
- Minimum Deposit Rs.100
Another cryptocurrency exchange app that you may be familiar with is Zebpay. It is one of the oldest crypto trading apps in the market. It lets you signup and complete KYC details through your mobile number to start trading. The platform complements the refer-and-earn feature. So if you manage to sell the idea of crypto trading through Zebpay to others, and they sign up, you get 50 percent of the trading fees done through your link for one year. The minimum deposit amount is Rs 100 using UPI, and Rs 1,000 for other forms of payment.
Zebpay has charges in all brackets. Its membership fee is 0.0001 BTC per month. The app says that you can avoid fees by actively investing in it. Zebpay also has a 0.15 percent maker fee and a 0.25 percent taker fee. But let’s say if your trading (buying and selling) happens on the same day, you are charged a trading fee of only 0.10 percent. Zebpay offers free deposit of all crypto. But if you deposit using UPI, there is a charge of Rs 15, while netbanking charges 1.77 per cent. The platform also charges Rs 10 for all withdrawals and for bitcoin it is 0.0006 BTC.
5. Coinswitch Kuber
- 100+ crypto on offer
- Deposit in INR via NEFT, Bank Transfer and UPI
- Flexibility to invest as little as Rs 100
Coinswitch Kuber was an always present advertising feature during the recent IPL. The platform has received funding from popular investors and VC firms like Sequoia and others. It claims to let you trade in 100+ cryptos and promises the best trading rates in the market. Use your mobile number to create an account for trading on the app. But obviously you cannot start trading before completing the KYC process.
You get a four-digit PIN code option to secure the account on the app. CoinSwitch Kuber says that the first 100,000 users on the platform will not have to pay trading fees for 100 days. Simple user interface and aggressive marketing has attracted people to CoinSwitch Kuber. The best crypto exchange app offers deposits in INR via NEFT, Bank Transfer and UPI. But the platform fails to share information about its security measures to keep crypto assets safe. The overall service system needs improvement and the business details are not detailed.
- Global Cryptocurrency Exchange Backs OKEx
- A series of new trading pairs
- Priority access to new altcoins
Bitbns is another app for cryptocurrency trading. Available for download on both Android mobile phones and iPhones, the app lets you buy and sell altcoins without the intervention of a third panel. The app lists over 100 cryptocurrencies, ranging from the popular Bitcoin and Ethereum to the relatively new Shiba Inu. Furthermore, Bitbns offers ease of doing business like no other cryptocurrency exchange due to its partnership with global cryptocurrency exchange OKEx.
By selecting Bitbns via OKEx’s Buy/Sell tool, merchants in India can buy USDT, LINK, AAVE, MATIC and USDC from Rupee to Rupee via bank transfer, IMPS and UPI. The company aims to provide Indian merchants with access to a fiat gateway, a range of new trading pairs, priority access to new coin/token launches, and high-yield products through partnerships.
These were among the best crypto exchanges in India. You can find more news about other upcoming smartphones as well as popular product recommendations on our . can see on Facebook, Twitter, And instagram pages and heads youtube Channel for latest videos.
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