Indian participation in the crypto craze has been heading north for two consecutive years now. In the past year, cryptocurrencies have emerged on their own. In India, cryptocurrency investment has grown from $200 million to nearly $40 billion — a growth of more than 200 times last year — according to Chainalysis data. And it’s not just Bitcoin. Other cryptocurrencies such as Ether, Matic and Doge are also part of the hype despite caution by the Indian government and central bank.
Bitcoin wallets are similar to our mobile wallets in that we store our money and make transactions from it. While we are in a Bitcoin wallet, we hold bitcoins and other cryptocurrencies. Bitcoin wallet is a software application that allows you to store and keep track of your bitcoins.
Let’s have a look at the best apps that allow Indians to use and buy bitcoin and other cryptocurrencies:
1. 7b broker
7b crypto broker app It is a platform that makes cryptocurrency trading simple and pocket friendly. It is a new crypto broker powered by Binance Brokerage API and allows not only buying and selling cryptocurrencies but also displaying current prices, tracking price ranges, managing user wallet and withdrawing cryptocurrencies up to 2 BTC per day without the need for KYC.
- 24/7 customer support
- User-friendly interface
- More than 400 cryptocurrencies available
- No KYC is required to trade
WazirX is India’s most trusted bitcoin and cryptocurrency exchange site. WazirX is built by a team of hardcore traders and ardent blockchain believers. It is part of the Binance Group, the world’s largest crypto exchange, serving users in 180 countries.
WazirX’s P2P system simplifies the process of depositing and withdrawing fiat currency by automatically matching buyer and seller, ensuring safety and speed in transactions. With WazirX you can buy, sell and trade digital assets with amazing ease and confidence. Whether you are a first time investor or a professional cryptocurrency trader – WazirX has you covered!
DCX is a Singapore-based company that specializes in crypto-enabled financial services. DCX is revolutionizing its crypto-based products by developing borderless financial services that ensure faster, simpler and uninterrupted capital flow. CoinDCX was launched on April 8, 2018 with the aim of providing an easy-to-use experience where users can access a wide range of financial products and services backed by industry-leading security and security operations.
They have the largest number of cryptocurrencies listed in India and offer instant cryptocurrency transfers for free. CoinDCX also provides instant deposit and withdrawal facility; They charge the lowest fees for trading and withdrawing cryptocurrencies. The portfolio structure is versatile and offers the best fee structure in the industry.
In the cryptocurrency space since 2014, ZebPay has made amazing heights with more than 3 million users and $2 billion in cash transactions. At ZebPay they guarantee battle-tested security, beautiful clutter-free designs, safety nets for making stress-free crypto investments, and fee structures that let you trade for free – all in the true spirit of Bitcoin. Meanwhile, their work ethic, singular focus on safety, and exceptional product delivery have ensured that they are ready to rise again. The exchange offers trading across six Euro cryptocurrency pairs and five cryptocurrency pairs across Bitcoin, Ether, Litecoin, Ripple, Bitcoin Cash and EOS.
5. CoinSwitch Kuber
Founded by a team from Amazon, Microsoft, and Zynga, CoinSwitch Kuber has become the fastest growing crypto exchange in India, reaching 4.5 million users in less than 11 months. It is an app-based cryptocurrency exchange platform exclusive to the Indian market for retail investors. For the 2020-21 fiscal year, CoinSwitch Kuber reported a profit of $8 million. CoinSwitch, the company behind the platform, has processed more than $5 billion in cryptocurrency transactions. Available as a mobile app, it supports trading in over 100 cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, Dash and others using the Indian Rupee. This exchange allows you to start trading with just Rs 100.
Unocoin is India’s leading bitcoin and cryptocurrency company. They make it easy to securely buy, sell, store, use and accept bitcoin in India and serve over 1.5 million customers and have been serving their customers since 2013. It is known for its simple user interface and support for many cryptocurrencies. Unocoin users are charged a fee of 0.7 percent for buying and selling their assets. Unocoin also offers biometric security features via finger ID and passcode.
Unocoin has one mission – “Bringing Bitcoin to Billions”.
Founded in July of 2016, BuyUcoin is a crypto wallet and exchange platform where merchants and consumers can transact with digital assets like bitcoin, ethereum, ripple, etc. The platform allows users to buy, sell, trade and store multiple digital assets like Bitcoin, Ethereum, Ripple, Litecoin, and Stellar among many others using advanced instant banking services like UPI, Mobile Wallet, IMPS, NEFT/RTGS and Debit/Credit Card. BuyUcoin applies the industry’s best Blockchain-based solutions for crypto transactions along with automated KYC/AML features to ensure a secure and easy crypto trading experience.