Despite regulatory resistance from the government, India is one of the budding crypto hubs in the world. There are many crypto startups in the country, and they have backing from top companies like Binance and Coinbase.
One of the things making the country an attractive destination for crypto is its large population that is open to the idea of cryptocurrencies. This makes it a wide open field waiting to be harnessed for wide crypto adoption.
There are quite a number of crypto exchanges in India, and many are global exchanges like Binance that Indians can access. However in this article, we look at the indigenous crypto exchanges in the country that are tailored to suit the needs of the locals.
They are not just physically accessible with local offices, but such exchanges make crypto trading easier by putting in place services that suit the local people. The following are some of the best exchanges you can find and use in India.
CoinDCX
Anyone familiar with the crypto industry in India knows about CoinDCX. It is the largest crypto exchange in India in terms of trading volume. The exchange is designed for all kinds of traders, both experienced and beginners.
You can use the exchange regardless of your trading experience, risk tolerance, and trading frequency. CoinDCX supports over 340 crypto assets, giving traders a lot of options to work with.
Fees are low, ranging from 0-0.5% depending on certain factors. The minimum investment is 100 Rupees, low enough for just anyone to start trading. If you’re looking for a reliable and easy platform to start, CoinDCX is one to try.
WazirX is a newer exchange than CoinDCX, but is one of the fastest-growing trading platforms in India. The exchange has more than 200 supported assets, and charges low fees at 0.2%, and a minimum investment of 100 Rupees.
It also has a mobile app you can use to access the full scope of services and even more. WazirX also boasts of high security and fast KYC that can get users trading as soon as possible.
You’ll also enjoy fast transactions on a simply designed platform for traders of all experience levels.
BuyUCoin
This is an easy to use crypto exchange that particularly appeals to young people in India. It has a simple user interface that anyone can use to trade. With over one million users, it is also one of the biggest crypto exchanges in the country.
BuyUCoin also claims to be the most secure crypto exchange in India. There are over 130 INR trading pairs, and offers users the opportunity to earn free Bitcoins. The platform stores 95% of users’ funds offline, ensuring the safety of such funds.
ZebPay offers a trusted crypto trading platform to over 3 million users. You can start trading crypto assets within minutes after registering. The platform is ideal for beginners because it provides free educational materials on cryptocurrencies and trading.
Experienced traders have access to advanced charting features that make technical analysis easy. With 98% of funds stored in offline muti-sig wallets, ZebPay also provides a highly secure platform for traders.
If you have crypto assets that are just lying somewhere, ZebPay can help you earn interest on them through the HODL and lending services. You can earn up to 4% interest on crypto fixed deposits. For trading, you can access over 100 crypto assets on this platform with different pairs to trade.
Bitbns
If you’re a beginner trader with little or no knowledge of the crypto industry, this exchange is for you. It is a beginner-focused exchange that provides a wide range of educational materials via research reports and the Bitbns academy.
Whether you’re a trader, an investor, or you’re just starting out, this exchange provides a viable platform for you to achieve your dreams. Another major feature of Bitbns is that it allows trade automation through its several unique trading tools.
You’ll find over 400 assets to trade on this platform and with trading fees as low as 0.25% and minimum investment as low as 100 INR.
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