The crypto sector is booming silently in India and the government is also more likely to regulate cryptocurrency exchanges rather than ban them outright. At a previous meeting of the Parliamentary Standing Committee on Finance, the advantages and disadvantages of crypto financing were presented with various stakeholders while many members were in favor of regulation rather than a complete ban. As Reserve Bank of India Governor Shaktikanta Das continues to express his concerns about cryptocurrency, here are some of the best apps to invest in India.
Top Cryptocurrency Exchanges in India:
This cryptocurrency exchange was launched in 2018, and has more than 200 alternative currencies for buying and selling. Currently, the app has 35 investors and charges only 0.1 percent of the fee to the maker and operator. Co-founded by Neeraj Kandelwal and Sumit Gupta, the platform is said to have secured a wide range of actions.
Founded in 2014, ZebPay offers the highest referral commission. It has been rated as safe and secure and one of the oldest cryptocurrency exchange platforms. Created by Sandeep Goenka, Mahin Gupta and Saurabh Agrawal, the app also offers many facilities including referral and earning feature.
Acquired by one of the largest cryptocurrency exchanges in the world – Binance, it is interesting that WazirX has its own cryptocurrency called WRX. This crypto exchange app allows investing with INR, USD, BTC and even P2P. It also provides users with the feature of securing their account with 2FA or an app passcode that can be enabled from the phone setting.
App of the year 2013, Unocoin has nearly 15 registered investors and is also one of the oldest cryptocurrency exchange apps in India. Unocoin users are charged a fee of 0.7 percent for buying and selling their assets, which is above WazirX limits. It also offers a gold membership that charges a 0.5 percent fee to users.
A Bengaluru-based platform, CoinSwitch Kuber has received funding from well-known investors and venture capital firms such as Sequoia and more. The app claims to allow users to trade in up to 100+ cryptocurrencies and promises the best trading rates in the market. It can be used by registering a mobile phone number to create an account for trading on the app. Interestingly, one can also start trading before completing the Know Your Customer (KYC) process.