Crypto currency is the latest trend today. A crypto exchange is a place where one can buy and sell their digital currencies such as Bitcoin, Dogecoin, Ethereum, etc. However one must be aware of the highly speculative nature of crypto currencies before dealing with them. Only those people who are ready to deal with the price fluctuations and can take risk of losing their whole worth should invest in crypto currencies.
What should we Look for While Choosing a Crypto Exchange?
It’s not easy to pick the best crypto exchange. The important features that you need to consider are the fees being charged, security features they provide and whether they trade in the asset you wish to buy.
As the crypto market has gained popularity, it has become a lucrative target for hackers. Many leading exchanges (Binance’s international operation, KuCoin) have been hacked recently. Exchanges reimburse the investors but nobody wants to be in such a position to begin with. So it’s better to invest money on reputable exchanges only.
In India Bitcoin is popular due to its legal status. There are many websites that provide bitcoins and altcoins trading services. The government is also taking steps to monitor transactions in crypto currencies in order to trace the movement of funds. In India, investing in virtual currencies such as Bitcoin, Ethereum, Mon-roe falls in a grey area. Therefore, before making any transactions you should wait to see how the government treats crypto-currency investments. In this article, we have covered some of India’s crypto trading exchanges which are trustworthy and popular.
1. WazirX
WazirX is India’s most successful and trustworthy crypto exchange. It provides peer-to-peer transaction capability to its customers. The platform is capable of processing millions of transactions and is able to scale up its framework to accommodate the rising demands. One can trade smoothly and efficiently across all the available platforms i.e. web, Android & iOS mobile, Mac and Windows applications. The innovative KYC system of the exchange helps in verifying the identity within a few hours of registration.
Check out quantum ai app to get assistance with your crypto trading strategies!
2. BuyUCoin
BuyUcoin is another convenient and trustworthy exchange for many crypto currencies like Bitcoin, Ethereum, Ethereum Classic, NEM, List, Civic, Litecoin, Bitcoin Cash, etc. It provides periodic transaction functionality whereby the users are able to invest in crypto as a SIP. BuyUcoin created and introduced a ‘sandbox’ system to monitor cryptos in India. The system eliminates the risk of a blanket ban on cryptos. 95% of the funds are stored offline as protection against hacking.
3. CoinDCX
CoinDCX is another crypto trading exchange in India which is quite user-friendly. It was launched on 7th April, 2018 and provides various financial products and services. The platform approves different payment strategies such as UPI and IMPS.
4. Bitbns
It is a peer to peer sharing site that offers and takes bitcoins. With the P2P model the users can sell and purchase cryptos without a third party intervention. Bitbns offers advanced tools and features to its users. There are 98+ crypto currencies listed so that one can avail the best available rates for their cryptos. In comparison to other platforms, it’s quite easy to trade in this Bitbns platform.
5. Zebpay
Zebpay is a popular crypto trading exchange with over 3 million customers. One can easily sell Bitcoin and a range of Altcoins with guaranteed execution and minimal slippage. The Disable Outgoing Transactions feature helps block all outgoing transactions in case of any security breach.
6. CoinSwitch
CoinSwitch Kuber is yet another user-friendly and popular crypto trading website in India. With CoinSwitch it is easy to access the combined liquidity of the country’s known crypto exchanges in order to get the best price for their offerings. One can start trading instantly after finishing KYC/AML procedures. CoinSwitch Kuber is the best option for beginners and the daily traders.
7. Giottus
Giottus has collaboration with Bitgo which is a global custodial service pioneer and provides insurance coverage for the investor’s savings. There is a facility of free instant deposit and withdrawal of Rupees available 24 x 7. The transactions are processed within 10 seconds. The cold wallets are protected by 100% cyber-theft insurance. Get yourself registered and you have a chance to win up to 10,000 free Matic tokens.