Nowadays, the cryptocurrency appears to be on everyone’s lips. This might be linked to a sharp increase in the price of digital assets, as well as a barrage of advertisements showcasing your favorite Bollywood celebrity advising you that crypto is what’s to come. But, how would you get into it and begin investing in cryptocurrencies to make a rapid profit? Cryptocurrency exchange apps are the answer. These applications assume an essential part in assessing the entire crypto ecosystem
Crypto trading is a new frontier in the world of finance, and the opportunities that arise from it are endless. However, to make the most of this new world, you absolutely need to have the right tools at your disposal. Thanks to mobile apps, it’s now easier than ever to buy and sell cryptocurrencies and exchange them for fiat currencies.
Naturally, then, one of the most essential of these tools is the cryptocurrency trading app. Today, we’re going to be taking a look at the top 5 crypto trading apps available in India, as well as a brief overview of each one.
Cryptocurrency is very popular these days. It is a new type of money that operates in a different way in comparison to the traditional currency. You can notice a sudden rise in the price of digital assets and at the same time there are several advertisements featuring Bollywood superstars telling you that crypto is the future. In addition to this, the Finance Minister of India announced in the Budget 2022 that a new crypto tax will be introduced under which virtual digital assets will be taxed at 30 per cent. So, if you wish to start investing in cryptocurrencies like like Bitcoin, Ethereum, Tether, Shiba, etc. and do not have an idea from where to do it then we have curated a list of popular cryptocurrency exchange apps where you can check the prices of various cryptocurrencies, buy and sell the altcoins, and manage your account.
CoinSwitch Kuber is one of the most trusted crypto trading platforms. Launched in 2017, it has services millions of traders since then. Backed by Sequoia Capital, its aim is to make crypto trading easier for common people. It is partnered with some of the leading crypto exchanges, making it one of the best crypto trading aggregators. CoinSwitch Kuber has processed more than $5 Billion in crypto transaction volumes.
According to their mission statement, they want to “challenge the status quo”, and provide every man with the means to earn money without a degree or generational wealth. Its mandatory KYC requirements provide an additional layer of security to your transactions.
Best Features Of CoinSwitch Kuber
- 100+ cryptocurrencies are available.
- NEFT, bank transfer, and UPI deposits in INR
- Investing as little as Rs 100 is possible.
- Charges upto 0.5% as trading fees (Hidden charges)
CoinDCX was launched in 2018 and, in a short span of time has become a fairly popular crypto trading platform in India. With more than 10 million users in India, it is one of the top choices for crypto trading.
CoinDCX claims constant audits to improve its existing security protocols, ensuring the highest levels of security possible. It offers a graduated scale for determining gas fees, beginning from 0.2% at level 1 to 0.020% at level 10. It uses COSMEX as a platform, providing traders on CoinDCX access to 1/3rd of the global crypto liquidity.
Best Features Of CoinDCX
- 200+ altcoins are accessible to trade
- For CoinDCX taker and maker charges are 0.06% & 0.04%
- Has a secure platform
It is one of the oldest cryptocurrency exchange apps in India that has a simple user interface and support for many cryptocurrencies. Users are required to sign up and create an account on the app to make any transactions. Also, KYC is mandatory on the Unocoin app. Besides, the app takes care of the privacy of the users as it offers biometric security features through finger ID and passcode.
Best Features Of Unocoin
- One of India’s oldest cryptocurrency exchange apps.
- Option to schedule a sale
- There are no fees for payments made via NEFT, RTGS, IMPS, or UPI.
Zebpay is one of the oldest and popular cryptocurrency exchange apps. You can start trading on the app by signing up and providing full KYC details through your mobile number. Besides, the app comes with the refer-and-earn feature. Also, it has charging fees across all the brackets.
This is probably one of the most innovative cryptocurrency exchange apps. Wondering how? Well, fool-proof security, real-time order books, custom-built trading engine, seamless trading experience, regular security audits, etc. throw light on the same. No wonder this has to make it to the list of favourites.
Bitbns is another bitcoin trading application available. The program, which is available for both Android and iPhone, allows you to purchase and trade altcoins without the use of a third party. More than 100 cryptocurrencies are featured in the program, ranging from Bitcoin and Ethereum to the relatively new Shiba Inu. Furthermore, Bitbns, through its cooperation with major cryptocurrency exchange OKEx, provides trading convenience unrivalled by any other cryptocurrency exchange.
Best Features Of Bitbns
- Upholds worldwide digital currency trade OKEx
- A scope of more current exchanging sets
- Priority is given to a number of newer trading pairs.
- Trading fee is up to 0.25%.
The name “WazirX” is recently heard a lot on social media, which shows its popularity. You may invest in this crypto exchange app using INR, USD, BTC, and even P2P. WazirX even has its own coin, WRX, which can be purchased using INR. Then, at that point, you can put resources into other cryptos utilising WRX. Clients can secure their records by enabling 2FA or an App password from the settings. a 0.2% fee is charged by WazirX from both the taker and the maker.
Best Features Of WazirX
- Allows you to trade in a variety of currencies
- There are over 100 top cryptocurrencies available for purchase.
- Charges simply 0.2% commission on each trade.