Before diving into the world of crypto exchange, it is important to take a deeper look at crypto and understand its nature.
Crypto or cryptocurrency is a form of digital currency that remains constant across different sections of the world and holds a uniform value regardless of the region it is used.
Investopedia defines cryptocurrency as a virtual currency secured through cryptography - a type of currency that cannot be duplicated or counterfeited easily.
This makes it one of the most secure currencies to exchange worldwide. Cryptocurrencies come with several advantages. They happen to be cheaper and faster to transfer across countries.
They also have strong foundations that do not break down in case of certain network problems. Their only drawback can be their high energy consumption during mining processes and their fluctuation in price.
Best cryptocurrency exchange in india
App Name | Click To Open Account | Sign Up Bonus | Earn Per Referral |
|---|---|---|---|
Free Demat Account | Up to ₹500 | ||
Free Demat Account | Reward Points | ||
Free Demat Account | Up to ₹100 Cashback | ||
Free Demat Account | Up to ₹100 Cashback | ||
Free Demat Account | Up to ₹10 Cashback | ||
Free Demat Account | Up to ₹100 Cashback |
Top 10 Best indian crypto exchange Platforms (Updated 2023)
1. WazirX
One of the best crypto exchange in india , WazirX happens to be the most popular crypto exchange in the country and also the largest of them all.
This company was later purchased by another exchange platform known as Binance in November 2019.
At WazirX, users can enable security on their accounts by allowing the two-factor authentication process.
They can also guarantee their security by adding an app password on their devices.
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2. CoinDCX
After WazirX, CoinDCX is the most talked about and the most preferred platform for crypto exchanges in India.
This is a Mumbai-based company that was launched in the year 2018.
Presently, this is one of the most popular platforms for crypto exchange in the country, with over 3.5 million investors and users.
CoinDCX offers a variety of security measures and features, which makes it a safe investment and exchange site. Users have to initially use their Google-authenticated app to ensure and verify their identity.
Without identity verification, it does not allow any trading to occur. Users also need to create a password that is used and confirmed every time they wish to make a withdrawal from the account.
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3. Zebpay
Zebpay is another platform trusted and preferred in our indian crypto exchange list .
Cryptocurrencies like Bitcoin, Litecoin, etc., can be purchased on this platform.
It uses the concept of cold storage to guarantee the security of its users. Around 98% of its storage is labeled as cold.
This means that this storage space is disconnected from the Internet when not in use. This ensures that hackers are unable to access the information of various users.
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4. Coin Switch Kuber
Economic Times labels CoinSwitch Kuber as the unicorn in the best bitcoin exchange in india market.
This is a trading platform that is accessed only dominantly through mobile. This trading platform is unique to India.
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5. Unocoin
Unocoin happens to be India’s cryptocurrency platform to buy cryptocurrencies like Ether, Tether, and bit coin trading app.
The Week lists it as one of the best crypto exchange platforms. It is easy to use and navigate around.
Its simple user interface makes it a very popular choice among users, this is why it is considered as the best platform to buy cryptocurrency in India.
Unocoin is one of the oldest platforms for crypto exchange in India, established in the year 2013, much before the crypto scene in India took off.
Today, it hosts about 1.5 million investors. Unocoin allows for people to make scheduled transactions or deals, which means that their cryptocurrencies are exchanged as per the time chosen by the users automatically.
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6. Bitbns
One of the best app for cryptocurrency trading in India, Bitbns is one of the most prominent crypto exchange platforms.
It offers an extensive list of cryptocurrencies for its users to invest in and trade.
Moreover, this is a leading P2P crypto exchange platform globally. Its wide range of cryptocurrencies and global reach make it one of the most popular choices in India.
It is possible to buy and sell cryptocurrencies on Bitbns at the best possible prices. Bitbns has consistently provided the best bitcoin trading experience worldwide since its launch in late 2017, and it is one of the best bitcoin app in India.
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Frequently Asked Question
Q1. What Is a Cryptocurrency Exchange? How Does It Work?
For those unfamiliar with cryptocurrency terminology, a bitcoin exchange serves as a go-between for those who want to sell their bitcoins and those who want to buy them.
Deposits can also be made via bank transfer, wire transfer, and other standard deposit methods on a bitcoin exchange. Coins can be purchased with fiat money or traded for other cryptos on a crypto exchange.
cryptocurrency trading app can also be converted back into ordinary currency, held in your account for future trades, or withdrawn as cash.
Q2. What Should You Look To Know which is the best cryptocurrency exchange in India?
Thousands more digital currencies are waiting to be made available to you on hundreds of platforms worldwide. Because there are so many options, you may not know where to start looking for the best cryptocurrency apps in India.
However, the following qualities and benefits should be considered when looking for a crypto platform.
- Crypto choices
- Security
- Fees
- Availability
- Options for purchase and exchange
- Mobile apps
- Wallet
- Customer service
- Interest or rewards
Q3. How do you Buy Cryptocurrency?
You’ll need to follow a few steps to buy your cryptocurrency. The following is a brief on the steps:
- Choose a cryptocurrency broker or exchange
- Create an account and verify it
- Fund it with your funds
- Place your order
- Choose a method of storage
Q4. How do You Open a Cryptocurrency Exchange Account?
You can open a crypto trading account in minutes, but you should do your homework first.
WazirX is a popular cryptocurrency exchange in India. You can open a WazirX account by following these simple steps:
Step 1: To begin trading cryptocurrencies, you must first download the WazirX app from its official website, https://wazirx.com/. You may also click on the Sign-Up button.
Step 2: In the second step, you'll be asked to enter your email address and then to set a password, after which your mailbox an address will be sent to your mailbox.
Step 3: The next step is to identify and verify the email address in your inbox. Before you click the checkbox, please read the terms and conditions. However, you must first go through the KYC process, which varies from exchange to exchange.
Step 4: The cryptocurrency exchange will get back to you with a confirmation after you've completed the KYC process. The crypto account is ready to go after you receive the confirmation.
I hope you liked our article on best crypto exchange in India, and it must have solved your queries such as, best cryptocurrency app in India, best crypto trading app in India, best app for cryptocurrency in India, best app for bitcoin trading in India, best app to buy cryptocurrency in India, crypto apps in India, top cryptocurrency app in India or which app is best for cryptocurrency in India.
if you have any comments or suggestions do share them in the comments below.
Q5. What is the best platform to buy cryptocurrency in india ?
Here is the list for best platform to Buy Cryptocurrency In India :
- Binance
- Wazirx
- Coindcx
- Unocoin
- Bitbns
- Coinswitch
