When the Supreme Court of India called off the ban on cryptocurrencies, the domestic markets have become curious to know more about cryptocurrencies and their investments.
Now the hunt to buy cryptocurrencies from the right places has begun as it is very crucial to find someone reliable and extremely good if you want to invest in bitcoins or cryptocurrencies. While you search for a reliable source, Cryptocurrency exchange is the most trusted and reliable source to buy and sell cryptocurrencies.
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Here is a list of 5 best Cryptocurrency exchanges in 2020 for Crypto trading in India.
They are CoinSwitch, Zebpay, BTCex, CoinCDX, and BitBNS. Let us take a close look at each of their features before you start investing.
CoinSwitch is one of the largest global Cryptocurrency exchange around the world.
It has been operational in India since 2017. After the ban has been lifted by the supreme court, Indians have the liberty to buy and sell cryptocurrencies using local currency INR without worrying about the legal regulations.
CoinSwitch supports over 300 cryptocurrencies and more than 45000 trading pairs. It has been partnered with all leading exchanges and crypto wallet organizations for smooth trading. The special features of CoinSwitch include a user-friendly platform that eases the process of trading for beginners in this field. They provide 24*7 customer support to assist you through trading and improve their experience. They offer the most competitive exchange rate in the market with a negligible transaction fee.
They are partnered with the world’s best crypto exchanges making it more convenient and easy to compare the partner’s rate and make your choice. You can buy and sell cryptocurrencies using debit and credit cards on CoinSwitch.
The process is simple, only 2 steps involved, submitting your KYC and getting it verified to sign up. Your transactions can be tracked using your order ID in real-time.CoinSwitch is considered the best global platform to buy Cryptocurrencies.
This is the oldest Cryptocurrency exchange that opened in India. After the ban to trade cryptocurrency was lifted by RBI, it has come back and served more than 3 million members since then.
It is known for its security on mobile and web. They are also popular for their innovative solutions in their field. Besides a Cryptocurrency exchange, it also serves as a wallet. It has a very simple and easy process for beginners. Clutter-free, easy navigation is a special feature of Zebpay.
Other features include a trading fee of 0.15-0.25%, payments are accepted through bank transfer, and tradable currencies are as low as <10.
This emerging Cryptocurrency exchange has more promising features to offer. BTCex has succeeded in becoming the most transparent Cryptocurrency exchange in India as transparency was the biggest issue faced by the exchange market.
They offer a swift, efficient, and secure trading network. The process is as simple as signing up and verifying KYC to start investing. In 2 step authentication, your accounts are active. All investments are retained in the exchange hardware wallet. BTCex allows you to trade all major coins. The trading fee is as low as 0.25%.
This comes under India’s widest Cryptocurrency exchanges. It provides instant authorization for crypto conversion at zero processing fees. Indian users can take advantage of this platform as fiat currency is made available in INR for trading. You can lend Cryptocurrency on CoinDCX and earn interest. Also, there are more than 190 cryptocurrencies available on CoinDCX for trading.
Other features include a trading fee as low as 0.1%, no deposit fee, payments are accepted through IMPS, bank transfers, and UPI, and you can buy and sell instantaneously upon signing up.
BitBNS allows you to trade over 80 coins. This is the most affordable and convenient Cryptocurrency exchange in India as it allows you to buy coins through SIP. You will find very few Cryptocurrency exchanges working in the P2P model, and BitBNS has been a very successful one among them.
Being a domestic Cryptocurrency exchange it offers unique features like automated buying and selling, zero account charges, etc that other Cryptocurrency exchanges won’t offer. In BitsBNS P2P model is used for withdrawal and deposit. Payments are accepted through wire transfer and the trading fee is as low as 0.25%.
Now that you understood the various features of different Cryptocurrency exchanges available in India, do not rush as this is a very unpredictable and highly unstable market.
Do your research before making your final decision to get into this market. Take suggestions from those who have experience in this field. Most of them will aim to support clients in their locality, but very few focus on the average users. The above-mentioned platform information will help you start your trading career. Remember to be prepared before indulging in this field.
KuberVerse is an educational initiative. Anything expressed here directly or indirectly is not investment advice. And we ask you to do your own research before investing.