Cryptocurrency exchanges are the online platforms which allow their customers to trade in different cryptocurrencies. It includes a number of digital currencies like bitcoins and fiat money. Customers can also exchange the real currencies into ‘tokens’ as per their needs and choice.
Why should you invest in cryptocurrency?
Cryptocurrency is a whole new world of investments which attract a lot of eyeballs. They are similar to stocks but are growing at a speed which has never been seen before. It is a trustworthy investment that holds chances of high profit. Cryptocurrency has surpassed all other investment schemes in the aspect of returns. Because of its massive market value, investments in bitcoins are considered as ‘digital gold’, but along with benefits, it carries high risks. Investing in it is not a bad deal but if you are looking for a stable way of profit making, firstly you should go through all its risks and terms & conditions carefully then make a decision.
Cryptocurrency Exchanges Which Showed The Leading Market Results In The Year 2021 Are:
One of the best and India’s most trustworthy crypto exchanges, WazirX. The WRX tokens launched by Wazirx proved to be their best decision. This allows you to do both short term and long term trading with their advanced methods.
Reliability: Through its regular security audits, WazirX verifies their platform as extremely secure. With strong norms and a responsive customer care unit, Wazirx can be considered as one of the most dependable platforms.
Costing: The fee of withdrawal charged by WazirX is 0.0006% and 0.2% for takers and makers which is approximately equal to 5.9 Indian rupees.
Pros and Cons: The benefit of WazirX is that it facilitates you with the direct deposit of Indian rupees for the exchange of crypto so that you do not need to buy the USDT first. The glitch of Wazirx is its huge server issues as the server cannot control the traffic load.
Payment methods: Wazirx allows you to add INR into your wallet through various methods like UPI, IMPF, NEFT and RTGS.
Platform Availability: For making this convenient to the users, WazirX is available on Google play, App store, Windows and MacOS.
The first Indian cryptocurrency exchange, CoinDCX has the trust of over 4 million indians. With the authentic values of trust, simplicity, innovation and empowerment, it allows you to deposit your funds free of cost and anytime in the whole year.
Reliability: CoinDCX has been confirmed as a safe to use platform as it keeps most of their funds offline. The currencies invested by the customers are highly secured and cannot get easily vulnerable for hacking.
Costing: CoinDCX charges 0.1% takers and makers fee and 0.2% withdrawal fee which is equal to 10 Indian rupees.
Pros and Cons: The biggest benefit of CoinDCX is that withdrawal is so easy and fast. This allows you to withdraw your investments even without KYC. On the contrary, they need to troubleshoot the issues in their customer care unit.
Payment Methods: CoinDCX permits you to pay using methods like UPI, RTGS and IMPS.
Platform Availability: You can access CoinDCX on Google play and App store.
With the user friendly interface, it allows you to trade in the lowest amount. Over a family of 1 crore Indians, it makes you trade at the best price and lets you withdraw your investments anytime.
Reliability: Based on the statistics and news, CoinSwitch Kuber is a trusted platform for cryptocurrency exchange and investments.
Costing: The deposit and withdrawal fee in CoinSwitch Kuber is absolutely free and the transaction fee is 0 to 0.5%.
Pros and Cons: CoinSwitch Kuber supports immediate deposit and withdrawal of INR. The process of KYC completion is also very easy and short. But the disadvantages with CoinSwitch Kuber are that it only supports INR and compulsorily requires KYC.
Payment Methods: The ways of payment include bank transfer and UPI through various apps like Google pay, BHIM etc.
Platform Availability: Google play and App store are the two platforms to access Kuber.
Launched in 2017, Bitbns is a simple and easy platform for crypto exchange. This lets you trade among the options of 70 different cryptocurrencies.
Reliability: As per security point of view, Bitbns is the most advanced exchange with tremendous security features.
Costing: It charges 0.2% trading fee and there is no amount charged INR.
Pros and Cons: The benefit is their customer service. They are highly responsive and 24/7 available. On the other hand, the issue with this is there is no bitcoin market available in Bitsbns.
Payment Methods: Bitbns accepts payment in UPI, NEFT, IMPS and RTGS.
Platform Availability: Customers can get Bitbns through Google play and App store.
This enables the customers to buy and sell cryptocurrencies and digital currencies by comparing their orders with the others. This deals in INR where users can choose among daily, weekly, monthly and yearly payments.
Reliability: According to the news and surveys, Unocoin can be considered safe but not compared to other apps.
Costing: Unocoin charges 0.5 to 0.7% trading fee, 0.4% maker fee and 0.6% taker fee.
Pros and Cons: The biggest benefit of Unocoin is that it easily navigates all types of trading errors and interference. But the cause which covers the benefit is that bitcoins are expensive compared to other platforms.
Payment Methods: The payment methods for Unocoin are limited to net banking, debit card and credit card.
Platforms Availability: Just like most of the others, Unocoin is also available on Google play and App store.
This is a popular platform to buy and sell cryptocurrencies especially for managing portfolios. What really makes this different is that its interface is designed for beginners for their understanding level.
Reliability: BuyUcoin has a strong security system over their investments. It maintains a series of documentation before completing a transaction.
Costing: There is no withdrawal and deposit fee in BuyUcoin. The charges for takers and makers are 0.2% which is equal to 10 Indian rupees.
Pros and Cons: BuyUcoin continuously renovates their security measures. Easy sign-up and secured transaction process but, the trading rates are comparatively high and BuyUcoin has so many negative reviews.
Payment Methods: You can make payments using platforms like net banking, debit card, credit card, UPI, NEFT, RTGS etc.
Platform availability: Its platform availability is Google play and App store.
This platform provides trading among cryptocurrencies through cryptographic tokens. Zebpay ensures 3% return on bitcoin and 7% on ether.
Reliability: As per the reviews, Zebpay is trustworthy for. If you are thinking of investing for a short time period, then this is the best suited platform.
Costing: There is no deposit or withdrawal fee in Zebpay. They only charge 0.1% as a monthly membership fee.
Pros and Cons: It has a nice and simple interface which enables users to interact easily but, the problem is that it is only available in India and asks for aadhar.
Payment Methods: Zebpay accepts payment via Net banking, NEFT and RTGS.
Platform availability: Users can access Zebpay by Google play, App store and on Windows.
This is the cryptocurrency exchange platform which allows you to trade in fiat money and bitcoins. The best thing about pocketbits is that it requires very less time to do KYC completion, deposit and withdrawal. This is an easy to use platform with a simple interface.
Reliability: Pocketbits is a safe and secure platform. What really makes it unique is that they have a number of satisfied people with their customer services.
Costing: Pocketbits does not charge any fees for its services. You can do as much trading you want without being worried about fees.
Pros and Cons: The golden benefit of Pocketbits is that it has an improved customer care system which is available 24 hours for the customers. Along with this, the drawback is that you cannot proceed trading without KYC, you have to go through the entire process of verification.
Payment Methods: Through simple procedures of bank transfer, IMPS, NEFT and RTGS, you can make payment in Pocketbits.
Platform Availability: You can easily get their services through their website or Google play.
This is one of India’s largest exchanges. The purpose of koinex was to bring the glory of the cryptocurrency world to India. This platform lets you buy and sell cryptocurrencies and digital currencies.
Reliability: Koinex is completely trustworthy as it is easy along with secure. It is often considered as India’s most advanced cryptocurrency exchange.
Costing: Giottus charges no fees for INR deposits. There is a charge of 0.25% for takers and 0.15% for makers.
Pros and Cons: Giottus provides high liquidity rate and its transaction fee is comparatively low, but it’s less popularity is the drawback of Giottus.
Payment Methods: Giottus allows you to transfer funds through UPI, IMPS, NEFT and RTGS.
Platform availability: This exchange is available on Google play and App store.
Cryptocurrencies and digital currencies are the glimpse of the future and trends of the present. The easy withdrawal and deposit, high returns, wide market and all other illuminating features of Cryptocurrencies fascinate almost every person. It is not incorrect to say that the concept of Cryptocurrency is life changing but just like a coin, it also has two faces. Cryptocurrency is completely based on buying, selling and investing in other fiat currencies and digital currencies. It is not fixed that the graph of return will always go up. Cryptocurrency is prone to market risks. If you invest in Cryptocurrencies or digital currencies, please do not expect profit all the time. Our motive is not to demotivate you but to make you aware that the investment in Crypto and digital currencies have market risks. They have profits and uncertainty at the same time. It’s good to invest but only after knowing all the side consequences.