Cryptocurrency is the future currency of the world. Many of us have a common question, what is the Best crypto exchange platform in India? There are so many platforms of crypto exchanges, some of them are Indians and some of them belong to another country. We are going to see each and every other platform in this post.
The crypto coins should be kept on the Indian exchange platform only. Normally share market, and mutual funds even if you file ITR then US assets count as foreign assets. SEBI (Securities and Exchange Board of India) gives authority to the Indian exchange platform.
Best crypto exchange platform in India
There are so many crypto exchange platforms in India. Here I am going to share about every platform of Crypto Exchange.
1-Wazirx.
The founder of Wazirx is Nischal Shetty. Wazirx started in 2018 and it ranks 38 number in the world. Wazirx is one of the biggest crypto exchange platforms in India. It does not support UPI but it has limited Net banking limitations. The availability of cryptocurrency is much more on Wazirx and you can trade on cryptocurrency as well. The trading volume is much high for all kind of exchanges that operates in India.
Almost 7.5 million users are registered with Wazirx and it has crossed 21.8 billion trading volume. The best thing about Wazirx is you can deposit in INR and in Crypto as well. You can choose any cryptocurrency in order to deposit it and can transfer it to a wazirx wallet. If you want to deposit in the Indian rupee then UPI, Net banking, and Bank transfer are also supported here. Peer to Peer exchange services is available in Wazirx.
2-CoinDCX.
CoinDCX is performing well in the market and it is promoted by so many Social media influencers. There is no doubt that it is one of the best crypto exchange platforms in India. In order to use this app, you must follow the KYC procedures. The navigation interface of this app is easy to use. You can invest a minimum 100Rs to a maximum of 51 Lakh rupees. You can transfer the amount using the Mobikiwik app and it takes 24 hours of processing time. Users can also use the bank transfer option to transfer their money.
The transaction fees are less than other crypto-based applications. If you are new and wanted to start crypto trading then you can use this app. If you are stuck at any point then customer service is available to assist you. CoinDCX also offers referral rewards if you share them with your friends and colleagues.
Before investing in cryptocurrencies, this app also has a graphs feature that helps the user to predict the future market price. You can set an alert of pricing if you want to do it in CoinDCX. CoinDCX is also the Best crypto exchange platform in India.
3-Vauld.
Vauld was founded in 2018, just 4 years before and it is based in Singapore. Users can trade, buy borrow, and trade cryptocurrencies through Vauld. Apart from Crytpo trades, it also helps customers to borrow money and earn interest as well. It is user-friendly for a beginner who wants to start trading in cryptocurrency.
There are no withdrawal and deposit fees and Vauld is highly secure. If you are holding your crypto assets then it also helps the customer to improve and grow their portfolio further in the future.
You can also visit their website and install their app from the Google play store to set up an account. The best part of Vauld is, it has its own telegram channel, where you can learn to trade in cryptocurrency. For any kind of assistance, you can do a live chat with customer support.
Also, read What is Bitcoin alternative?
4-CoinSwitch Kuber
CoinSwitch Kuber is one of the popular and best crypto exchange platforms in India. It has started in 2017 and its headquarter is India-based. CoinSwitch Kuber enables you the opportunity to buy and sell cryptocurrencies. The user interface is so friendly and easy to navigate at CoinSwitch Kuber. You can even start investing your money from 100Rs on this platform.
There are no transaction fees or hidden charges on this platform. You can earn money on this platform as well by investing and trading. You need to be very careful and do research before investing your money, otherwise, the platform is safe. It is a volatile market, the price can be increased and decreased at any time in such platforms.
You can trade or invest in more than 100+ cryptocurrencies on CoinSwitch Kuber. There are more than 7.5 million traders on this platform. If you are new to crypto then you can start from 100Rs to understand this platform without having much risk. You can use UPI, Paytm, and bank transfers as well to invest and withdraw your money. CoinSwitch Kuber also has a referral reward if you refer it to any friends.
5-Zebpay
Zebpay is an Indian exchange platform and it was launched in 2014. It has more than 20+ listed cryptocurrencies and there are no trading and withdrawal fees in Zebpay.
You can sell and trade various famous cryptocurrencies like Bitcoin, Bitcoin, Ether, XRP, and more. Zebpay has a referral program as well, which means you can refer and earn by sharing this app. If you are a beginner and wanted to explore more about cryptocurrency then you can start with Rupees 100 only.
KYC is a must after installing this app, and it can be installed in Android and IOS. You can use UPI, Bank transfer, or Net banking as well in order to invest and withdraw.
Before using Zebpay, one thing you need to know is that if you are doing intraday trading then 1.10% is the intraday transaction. If you are trading or investing Crypto-Crypto, and USDT-INR, then trading fees are flat at 0.10% for Intraday transactions, takers, and makers. 75 Rs is the membership fee in Zebpay but you can avoid it by doing transactions once a month.
Zebpay is legal in India and it provides a multi-layer security procedure against your personal data. Using 2-factor authentication makes your transaction and details safe and secure. If you want to learn more about Zebpay, you can watch its tutorial and visit its website for daily technical analysis.
Also, read Bitcoin Vs Dogecoin.
Conclusion.
Cryptocurrency is the future of India and it is still used as a digital asset around the world. It is very volatile hence it can fluctuate anytime and you will find a sudden change in the price.
I would recommend you do more research before using any other cryptocurrency platform. Do not depend on a single blog post or any youtube video review. It’s your money and it is your responsibility to invest or use it wisely. Let me know in the comment box, according to you what is the Best crypto exchange platform in India.