A cryptocurrency exchange, which is also referred to as Digital Currency Exchange (DCU) is a platform that facilitates the trading of cryptocurrencies for assets like digital and fiat currencies. Cryptocurrency exchanges offer to trade Bitcoins, Ethereum, XRP, Altcoin, Doge and many more.
If you’re looking to earn a high returns with crypto and want to secure your holdings, then it’s always advised to keep your account into a platform that could let you process crypto trading with ease.
And before you move to select a cryptocurrency exchange, it’s important that you note down the platforms’ transaction fees, security and the credibility of exchange.
7 Best Crypto Exchanges in India
Here are some of the leading crypto exchanges in India that you can consider relying on.
1. Binance
Running since 2017, Binance is now among the top cryptocurrency exchange platforms that provides users with the option of buying around 200 cryptocurrencies.
The popular crypto exchange platform has its own coin crypto called Binance Coin which holds a great value all across the world.
It offers some of the most advanced and professional features including advanced charting, trades, and custom API keys which lets you start trading right away. As for the security, it secures users’ assets with a PIN, biometric access, encrypted key as well as a 12-word recovery phrase.
2. WazirX
A Binance-owned Indian crypto exchange, WazirX is one of the most popular platforms that lets users buy, sell & trade digital assets like Bitcoin, Ethereum, Litecoin, Ripple etc. without any hassle.
Its user-interface is quite simple but boasts some of the most powerful features such as real-time open order books, charting, trade history, deposit & withdrawals allowing you to invest in the best digital assets. With the P2P trading engine, users can automatically trade amongst each other within this platform.
3. CoinDCX
If you’re a new crypto investor, this app is for you as its transaction charges for crypto exchanges are quite lower as compared to other platforms. CoinDCX co-founded by CEO Sumit Gupta is an India-based crypto trading and exchange organisation that allows you to trade in 200+ coins with the highest liquidity.
The platform claims to offer more than 200 cryptos and even allows users to trade INR to BTC. Furthermore, the organisation has its own applications named CoinDCX Go and CoinDCX Pro, which have a decent amount of downloads and ratings as well.
4. Zebpay
Zebpay is India’s leading Bitcoin and crypto asset company that lets users buy and hold Bitcoins and other cryptocurrencies like Ethereum, Ripple, TUSD and Litecoin.
The best part about this platform is that it does not charge any coin deposit fee and deposits all crypto coins directly into your account for free. As for the security, the platform has multi-layered security protocols which protects users’ data at its best. It even supports six cryptocurrencies storing and trading in several currency pairs.
5. CoinSwitch Kuber
CoinSwitch Kuber is another leading crypto investment platform that had an annual revenue of about $50 million in 2020. It allows users to invest in hundreds of other currencies and its easy-to-use user interface makes choosing the right cryptocurrency pairs even more simpler.
Once a user completes the KYC/AML procedures, they can lure the pooled liquidity of the leading exchanges and get the best rate and trade instantly. The platform has even partnered with leading exchanges and crypto wallet institutions like Binance, OKEx, Guarda, Coinomi, and many more.
Learn More About CoinSwitch Kuber
6. UnoCoin
Based out in Bengaluru, UnoCoin was launched in 2013 and is a popular cryptocurrency exchange and wallet platform that lets users buy and sell seven leading cryptocurrencies. One unique feature about this platform is that it provides its users the opportunity to purchase bitcoin systematically through Systematic Investment Planning (SIP).
Depositing funds to the Unocoin wallet is all you need to do in order to start buying and selling cryptocurrency through Unocoin.
7. BuyUcoin
Operating since 2016, BuyUcoin is a leading Cryptocurrency exchange in India that handles $90M+ in digital asset transactions and serves more than 350,000 users on crypto exchanges.
It allows users to buy, sell, trade, and store multiple digital assets like Bitcoin, Ethereum, Ripple, Litecoin, Stellar and various others. In order to ensure users a secure and easy crypto trading experience, BuyUcoin incorporates Blockchain-based solutions for crypto transactions alongside automatic KYC/AML features.
FAQs
Is crypto legal in India?
Cryptocurrencies are considered to be legal in India and that anyone in the country is free to buy, sell and trade cryptocurrencies.
In which country Bitcoin is banned?
Algeria, Egypt, Morocco, Bolivia, and Nepal are some of the countries where bitcoin trading is considered illegal.
Who owns the most bitcoin?
Satoshi Nakamoto who is the founder of Bitcoin is said to own around 1 million Bitcoins.
Conclusion
Indian government is still in the process of monitoring funds that are transacted through cryptocurrencies as crypto-currency investments fall under the grey area in the country. That is why, it is mandatory to equip sources that are legal and safe for successful crypto exchange. The platforms mentioned in this article are some of the most successful cryptocurrency exchange ones and that transacting via them is super reliable.
