Cryptocurrency seems to be on everyone’s lips these days. This can be attributed to the sudden rise in the price of digital assets and a flurry of advertisements featuring your Bollywood star telling you that cryptocurrency is the future. But, how do you get into that and start investing in cryptocurrency to lock in some quick profits? The answer is cryptocurrency exchange apps. These applications play an important role in evaluating the entire crypto system. they can Used to check prices of different cryptocurrencies, buy and sell altcoins, and manage your account. BSo we get to List of Best Online Cryptocurrency Exchange Apps You can try it out in India (along with its features and fees), here’s what cryptocurrency exchange apps do.
Read alsoBitcoin Explained: How to buy Bitcoin in India, how to mine and sell, and more questions answered
What does a cryptocurrency exchange app do?
For those unaware, cryptocurrency exchange apps help you get quick access to the many cryptocurrencies available in the market and let you trade (buy and sell) them on the go. You don’t have to mine cryptocurrency using laptops. Instead, these applications facilitate your desire to trade cryptocurrencies and enter the world of decentralized cryptocurrency networks. The whole process is simplified so that anyone can register, and the interface of the mobile application serves rapid learning. You have mobile crypto exchange apps available on Google Play Store and Apple App Store that work on Android and iOS phones respectively.
Top 6 Cryptocurrency Exchange Apps in India
It is noteworthy that The legality of cryptocurrency in India is still pending. It has not been declared as legal tender in the country yet. However, pegulators are finally opening the stage for companies to start their projects and this has led to many crypto exchange apps in the past few years that allow you to invest in cryptocurrencies like Bitcoin, Ethereum, Dogecoin and more using your smartphone instead of big- heavy machines like laptops . Here are some of the best cryptocurrency exchange apps in India:
You may have heard this name a lot recently on social media, which indicates that it is very popular among people. This crypto exchange app allows you to invest with INR, USD, BTC and even P2P. In fact, WazirX has its own currency called WRX which can be purchased with INR. Then you can use WRX to invest in other cryptocurrencies. One of the popular features of WazirX is that you can win coins through the many contests that are available in the information section of the app. Users can secure their account with 2FA or an app passcode that can be enabled from the phone setting.
WazirX has a 0.2 percent shipping fee applied to the receiver and manufacturer. You can deposit any amount over Rs 100 into WazirX Wallet via NEFT, RTGS, IMPS and UPI. The first three come with a transaction fee of Rs 5.9, while UPI transactions are done without any fees.
Download WazirX on Android || Iphone
Next, you have Unocoin, which is known for its simple user interface and support for many cryptocurrencies. When registering on the application, the user must create an account and ensure that all KYC (know your customer) details are met. The app also includes a sale scheduling feature that allows you to auto-sell from the profile tab. Unocoin users are charged a fee of 0.7 percent for buying and selling their assets, which is higher than what WazirX orders. This rate applies to a minimum use of 60 days. After that, the app asks for a 0.5 percent fee and promotes you to Gold membership as well.
Unocoin deposits allow a minimum of Rs 1,000 which is higher than what WazirX offers. But when depositing funds using NEFT, RTGS, IMPS or UPI, users are not charged any fees. However, using the MobiKwik wallet charges a 2 percent transaction fee and for debit or credit cards you also have to pay a fee set by the banks. Unocoin also offers biometric security features via finger ID and passcode. But let’s say you wrote wrong code with biometric id, the app will log you out.
Download Unocoin for Android || Iphone
CoinDCX has been recognized as the most diversified trading application for crypto assets in the country. Allows you to buy or sell up to 200 trading coins. Add to that, the entire setup process is simplified with a one-time password (OTP) on your registered mobile number and email ID.
If you go to the Settings tab of the app, you can learn a lot about investing in cryptocurrencies and how they work in the virtual world. CoinDCX charges a 0.1 percent maker and operator fee, with a minimum withdrawal of 1,000 rupees without any fees charged to it. This cryptocurrency exchange app only supports INR to allow you to trade in cryptocurrencies. You can deposit money into the account using NEFT, IMPS, RTGS, UPI or even a simple bank transfer.
CoinDCX has a wide range of security measures in place and that’s a good thing. First, users need to verify themselves with the Google Authenticator app. Because without this, you cannot start trading on the app. You also need to set up a withdrawal password that must be confirmed for each withdrawal you make.
Download CoinDCX on Android || Iphone
Another cryptocurrency exchange app that you may be familiar with is Zebpay. It is one of the oldest cryptocurrency trading apps in the market. It allows you to register and complete KYC details through your mobile number to start trading. The platform serves referral and earning feature. So if you can sell your Zebpay cryptocurrency trading idea to others, and they sign up, you will get 50 percent of the trading fees made through your links for one year. The minimum deposit amount with UPI is Rs 100, and for other forms of payment it is Rs 1,000.
Zebpay charges fees on all categories. The membership fee is 0.0001 BTC per month. The app says that you can avoid fees by actively investing in them. Zebpay has a 0.15 percent maker fee and a 0.25 percent takeout fee as well. But let’s say if your trading (buying and selling) happens on the same day, you will be charged a trading fee of only 0.10 percent. Zebpay offers free deposits for all cryptocurrencies. But if you deposit with UPI, there is a fee of 15 rupees, while netbanking is 1.77 percent. The platform also charges a fee of Rs 10 for all withdrawals and for bitcoins it is 0.0006 BTC.
Download Zebpay for Android || Iphone
5. CoinSwitch Kuber
CoinSwitch Kuber has been a frequent advertising feature during the IPL lately. This platform has secured funding from well-known investors and venture capital firms such as Sequoia and more. It claims to allow you to trade up to 100+ cryptocurrencies and promises the best trading prices in the market. Use your mobile phone number to create an account to trade on the app. But you can’t start trading before completing the KYC process, of course.
You can have the option of a four-digit PIN code to secure the account on the app. CoinSwitch Kuber says that the first 100,000 users on the platform will not have to pay trading fees for 100 days. The simple user interface and strong marketing have drawn people to CoinSwitch Kuber. The best cryptocurrency exchange app offers Indian Rupee deposits via NEFT, Bank Transfer and UPI. But the platform fails to share information about its security measures to keep crypto assets safe. The overall service mechanism needs to be improved and the trading details are not detailed.
Download CoinSwitch Kuber on Android || Iphone
Bitbns is another cryptocurrency trading app. Available for download on both Android phone and iPhone, the app allows you to buy and sell altcoins without the intervention of a third panel. The app has over 100 cryptocurrencies listed, ranging from the popular Bitcoin and Ethereum to the relatively new Shiba Inu. In addition, Bitbns offers ease of trading unparalleled on any cryptocurrency exchange due to its partnership with global crypto exchange OKEx.
By selecting Bitbns via OKEx’s buy/sell tool, traders in India can buy USDT, LINK, AAVE, MATIC and USDC in rupees via bank transfer, IMPS and UPI. The company also aims to give Indian traders access to a fiat portal, a range of new trading pairs, priority access to new coin/token launches, and high-yield products through the partnership.
Download Bitbns on Android || Iphone
|Cryptocurrency exchange apps||Availability||Features|
|WazirX||Android and iOS||It allows you to trade in different currencies, more than 100 cryptocurrencies are available for purchase, charges only 0.2 percent commission on each transaction|
|Unocoin||Android and iOS||One of the oldest cryptocurrency exchange apps in India, schedule sale option, no fees for payments through NEFT, RTGS, IMPS or UPI|
|CoinDCX||Android and iOS||Over 200 altcoins are available to buy and sell, and charges 0.1 percent on the secure factory and operator platform|
|ZebPay||Android and iOS||highest referral commission, Free deposits for all cryptocurrencies, minimum deposit 100 rupees|
|CoinSwitch Kuber||Android and iOS||Over 100 Crypto Offered, INR Deposits via NEFT, Bank Transfer, UPI, Flexibility to invest under 100 Rs|
|Bitbns||Android and iOS||Supports global cryptocurrency exchange OKEx, a range of newer trading pairs, and priority access to altcoins|
This was among the best cryptocurrency exchanges in India. You can check out more news about other upcoming smartphones as well as popular product recommendations on our website Facebook social networking siteAnd Twitter, And Instagram Pages and head over to our YouTube channel for the latest videos.