20 Best Crypto Trading/Exchange Apps in India (2024)

Looking for the best cryptocurrency exchanges in India? Read this article to know the details, pros, and cons of the best cryptocurrency exchanges in India.
Best_Cryptocurrency_Exchange_Apps
Best_Cryptocurrency_Exchange_Apps

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Introduction

Are you looking for a cryptocurrency exchange in India? The cryptocurrency platform is gaining popularity rapidly, and people are willing to invest in it. The financial industry is entering a new frontier with cryptocurrency trading, and you must have the tools available to take full advantage of this new environment. Therefore, the cryptocurrency trading app is one of the most crucial tools.

Our Top Picks

Best Cryptocurrency App - Bitget

Best Application for Investments - Mudrex

What is a Cryptocurrency, And How Does It Work?

Without the assistance of a central monetary institution like a bank or the government, it is possible to trade a digital asset known as a cryptocurrency (crypto). Cryptocurrencies are created using cryptographic techniques, allowing users to buy, sell, and exchange them without risk. 

Blockchain is a method that underpins Bitcoin and the majority of other cryptocurrencies, retaining a tamper-proof record of all transactions and ownership information. Blockchain technology solves the issue of prohibiting individuals from duplicating their assets and trying to use them twice, which plagued earlier attempts to establish solely digital currencies. 

Individual cryptocurrencies can be called coins or tokens, depending on how they are utilised. Some can be used to engage in specialised software programs like games and financial products, while others can be used as stores of value or as units to exchange goods and services. 

List Of Best Cryptocurrency Exchange Apps In India 

Bitget is the best cryptocurrency exchange for users to buy and sell crypto in India. The exchange has a $300 million protection fund to insure user's assets and has implied mandatory KYC to keep genuine traders on the platform. With low fees and 800+ cryptos, Bitget is the top choice for beginners and professionals. 

App Name

Bitget

Feature List

  • INR corridors: Buying and selling crypto with P2P INR, bonus INR trading options and easy debit/credit card crypto purchases
  • 24/7 customer support and issues can be reported in telegram group for priority cases 
  • Easy-to-use for new users and professional traders can use advanced options
  • Over 115K professional traders to copy-trade crypto strategies 

Fees (Maker/Taker)

  • 0.1% on Spot trading 
  • 0.2% for Futures trading 
  • 20% discount with BGB token

Top Cryptocurrencies Available

800+

Minimum Investment Required

Rs. 500

Why do we pick? 

Bitget stands out in terms of safety and security for users to invest in crypto wisely. It has INR and multiple currencies to buy/sell crypto. It’s the fastest-growing exchange with high-end product releases. 

Rating

4.8

Expert Reviews

Easy to use for new users, great advanced features for pro-traders plus high safety and security. 

Pros 

Cons 

  • Simplified registration process
  • Supports 800+ currencies
  • Provides extra security layers in P2P
  • 24/7 customer and community support
  • CeFi and DeFi ecosystem with Bitget wallet 
  • Low transaction fees and 20% discount for BGB users 
  • Overwhelming for new users

Mudrex is an easy-to-use application for beginners and experienced investors to invest in cryptocurrencies. It has a diverse range of products and helps in long-term wealth creation.

App Name

Mudrex

Feature List

  • Diverse products: Thematic crypto baskets called Coin Sets, Individual Coins, Vault
  • Amazing customer support and knowledge base directly accessible through the app
  • Intuitive UI
  • Crypto baskets which are managed by individuals with 10+ years of experience 

Fees (Maker/Taker)

0.2% on transactions

Top Cryptocurrencies Available

150+

Minimum Investment Required

$5

Why do we pick? 

Mudrex stands apart from other platforms because it lets users invest their money into coins and helps generate long-term wealth. Their flagship product, Coin-Sets are basket of cryptocurrencies based on themes from the crypto verse. 

Rating

4.5

Expert Reviews

Perfect for newbies and experienced investors to invest and grow wealth

Pros 

Cons 

Wide range of products:
1. Coin Sets: thematic crypto baskets, which let you invest in sets of cryptocurrencies in 1-click at no additional cost.

2. Coins: Users can invest in coins of their choice

3. Vault: Earn 10% interest on your crypto investments

Not suitable for professional traders

Intuitive UI and exhaustive knowledge base.

 

Secure, Fast, and funds insured by Lloyds London.

 

3. WazirX

This is undoubtedly one of India's most rapidly expanding bitcoin exchange applications. This enables users to purchase a variety of cryptocurrencies, including Bitcoin, Ethereum, Ripple, and others.

App Name

WazirX

Feature List

  • Start with the lowest price. 
  • Within 2-4 hours, account verified
  • User-friendly to beginners.
  • Trade all altcoins directly. 

Fees (Maker/Taker)

0.2%/ 0.2%

Top Cryptocurrencies Available

200+

Minimum Investment Require

Rs. 100

Why do we pick? 

WazirX, one of the most dedicated and fastest-growing cryptocurrency exchange apps? It offers a wide range of coins and trading pairs at competitive trading fees. 

Rating

4.5

Expert Reviews

Investors seek the lowest trading costs for stablecoins and other cryptocurrencies.

Pros 

Cons 

India’s first automated P2P trading platform

It lacks margin trading.

Friendly customer service 

It only supports 8 coins by P2P.

95% of the finds are stored in cold storage. 

 

4. Binance 

One of the crypto platforms in India is Binance. Trades are charged usury fees, and the platform supports 600 coins.

App Name

Binance 

Feature List

  • Meagre trading fees (just 0.1%)
  • Instant account verification 
  • User-friendly for newbies and experts alike.
  • 95% cold storage policy keeps your crypto extra secure.

Fees (Maker/Taker)

0.1%/0.1%

Top Cryptocurrencies Available

600+

Minimum Investment Require

Rs. 100

Why do we pick? 

With over 9 crore registered users, Binance contributes to the high level of security for user funds.

Rating

4.9

Expert Reviews

A crypto exchange that never touches investors' funds as a method of trading altcoins.

Pros 

Cons 

There are few fees compared to other exchanges.

Not available in all states 

25% off trading fees if you pay with Binance Coin (BNB)

Lack of information on security

Available educational resources 

 

5. CoinSwitch Kuber

The goal of CoinSwitch Kuber is to democratise cryptocurrency investment. Like Krypto, over 150 nations value this Bitcoin trade tool, including India. 

App Name

Kuber 

Feature List

  • Zero trading fee 
  • Powerful mobile app
  • Fast customer service.
  • Minimal price 

Fees (Maker/Taker)

0.1%/ 0.1%

Top Cryptocurrencies Available

90+

Minimum Investment Require

Rs. 100

Why do we pick 

CoinSwitch Kuber is ideal for novices because it has no trading fees on all Bitcoin transactions. Users may trade over 80 cryptocurrencies for as little as INR 100. With this platform, you can exchange INR for cryptocurrencies as well as trade cryptocurrencies against cryptocurrencies.

Rating

4.0

Expert Reviews

Investors seeking an anonymous cryptocurrency exchange to trade their altcoins on.

4Pros 

Cons 

Easy-to-use interface

No demonstration 

Instant buy, sell, & Withdrawal

No margin for training & staking 

Free deposit and withdrawal.

 

6. Zebpay 

Another country's earliest bitcoin trade app is Zebpay. It's that easy to sign up - just provide your KYC! The fact that this program has a "refer and earn" option is intriguing.

App Name

Zebpay 

Feature List

  • Start with the lowest price. 
  • Within 2-4 hours, account verified
  • User-friendly to beginners.
  • Trade all altcoins directly. 

Fees (Maker/Taker)

0.15%/0.25%

Top Cryptocurrencies Available

100+

Minimum Investment Require

Rs. 100

Why do we pick? 

ZebPay is well-known among crypto investors for paying interest on idle crypto assets. For lending crypto, it guarantees a set return of 4%. The exchange currently supports over 100 million registered customers. It uses cryptocurrency on its platform.

Rating

4.5

Expert Reviews

Investors seek the lowest trading costs for stablecoins and other cryptocurrencies.

Pros 

Cons 

Strong safety measures

No real-time chatbox option

No fee trading on select pairs.

No user-friendly

Attractive rewards and referral programs.

 

7. Unocoin 

This cryptocurrency exchange claims to be India's first crypto asset and blockchain enterprise. It is proud to have over a million investors now. Investors get access to hundreds of cryptocurrencies. 

App Name

Unocoin 

Feature List

  • It charges exorbitant trading fees.
  • High withdrawal fees
  • Oldest crypto exchange in India

Fees (Maker/Taker)

NIL/0.3%

Top Cryptocurrencies Available

80+

Minimum Investment Require

Rs. 1,000

Why do we pick? 

The UnoCoin exchange is one of the central and oldest exchanges for buying, selling, and storing Bitcoin or other merchant processing services. On this site, users may trade in 80 different types of digital currencies. Users receive free Bitcoins and get 15% back in trading commissions when they sign up.

Rating

4.5

Expert Reviews

New investors are looking for a starting point in cryptocurrency. 

Pros 

Cons 

Customers can keep Bitcoin as a mortgage in USD or INR against it.

Limited chatbox

It will enable users to choose SBP to increase their returns.

Expensive coins 

Discounts on Refers and Earn

 

8. CoinDCX

One of India's most flexible cryptocurrency trading platforms is CoinDCX. Its security feature is undoubtedly noteworthy. This is because users must authenticate themselves before they can engage in trading.

App Name

CoinDCX

Feature List

  • Supports over 100 cryptocurrencies.
  • Account verification in a flash
  • Policy of 95% cold storage

Fees (Maker/Taker)

0.2%/0.2%

Top Cryptocurrencies Available

340+

Minimum Investment Require

Rs. 100

Why do we pick? 

It is the safest platform for trading in India. This platform offers many cryptocurrency-related goods and services, including staking, futures trading, lending options, and margin trading.

Rating

4.5

Expert Reviews

Long-term investors who want to buy and hold cryptocurrencies.

Pros 

Cons 

All funds are safe.

Only supports INR as a fiat currency.

Futures trading allows for 15x leverage.

The recent hike in trading fees from 0.1% to 0.2%.

Free deposit and withdrawal fees

 

9. Bitbns 

This cryptocurrency trading software, which is accessible on Android and iOS, allows users to purchase and trade cryptocurrencies without the participation of a third party. 

App Name

Bitbns

Feature List

  • Supports 10 cryptocurrencies.
  • Designed for beginners
  • Instant deposits
  • 95% cold storage policy

Fees (Maker/Taker)

0.25%/0.25%

Top Cryptocurrencies Available

390 +

Minimum Investment Require

Rs. 100

Why do we pick? 

It allows customers to trade around 400 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, etc. Over 40 lakh people have registered on this platform overall. Bitbns provides significant teaching material in the bitcoin field through several research papers and the Bitbns academy.

Rating

3.5 

Expert Reviews

It's user-friendly for beginners. 

Pros 

Cons 

Have a wide range of tokens and cryptocurrencies.

It doesn’t have an app.

Easy to use. 

Only Bitbns native coins can be staked. BNS

Access to a wealth of scholarly reports and resources. 

 

10. BuyUcoin

You can trade and store cryptocurrency assets Bitcoin, polkadot, Ethereum, and Ripple. It features real-time spot trading, a forever free wallet, cashback, and lifetime commissions when you refer friends.

App Name

BuyUcoin

Feature List

  • Easily registration
  • Offers tools for newbies.
  • Offers advanced charting tools for experts. 
  • Wide range of helpful resources for beginners.

Fees (Maker/Taker)

0.24%/0.24%

Top Cryptocurrencies Available

130+

Minimum Investment Require

Rs. 20

Why do we pick? 

BuyUCoin is popular among millennials because of its easy-to-use interface and features such as free wallets, cashback, and lifetime commissions. Over 10 lakh users have registered. 

Rating

3.5 

Expert Reviews

Seasoned traders desire strong charting skills.

Pros 

Cons 

Affordable rates

Uninteresting website interface

Own its NFR marketplace

No leveraged trading.

Option of creating a virtual demo

 

11. Capital 

The capital enables users to trade cryptocurrency alongside stocks, commodities, currencies, market indexes, ETFs, and other assets without incurring trading costs. 

App Name

Capital

Feature List

  • Excellent desktop trading platform. 
  • Completely functional 
  • Allows for up to 500x leverage (2x leverage on crypto).
  • ASIC (Australian Securities and Investments Commission) licensing
  • Information security standards are exceedingly high, as evidenced by ISO 27001 certification.

Fees (Maker/Taker)

0.1%/0.3%

Top Cryptocurrencies Available

100+

Minimum Investment Require

Free 

Why do we pick? 

Capital charges a tight spread of 0.1% - 0.3% (depending on the asset), resulting in a very cheap total cost of utilising the platform (0% trading fees + 0.1% - 0.3% spreads).

Rating

4.9

Expert Reviews

Investors are seeking a no-commission trading environment for cryptocurrencies.

Pros 

Cons 

A secure account, 

The verification process takes a long time. 

Investing is free. 

 

Verified under ISO 27001 

 

12. KuCoin

Kucoin is a safe, feature-rich, easy-to-use trading and cryptocurrency exchange platform with a wide range of digital assets and a low fee structure. It is a top choice for many Indian investors and traders who want to trade frequently.

App Name

KuCoin

Feature List

  • Supports various fiat currencies like BTC, ETH, USDT, ADA, XRP
  • Supports NFT trading
  • 20% discount on trading fees while using KuCoin token (KCS)
  • Easy account setup: Email/phone registration, security settings, anti-phishing steps.
  • Standard security measures, like identity verification, trading passwords and anti-phishing phrases.
  • KuCoin crypto assets are secured by Onchain Custodian and Lockton, a Singapore-based crypto asset security platform and a private insurance brokerage.

Fees (Maker/Taker)

Maker: 0.005-0.1%
Taker: 0.02-0.1%

Top Cryptocurrencies Available

700+

Minimum Investment Required

$1 or INR 82

Why do we pick? 

For multiple transaction methods, hassle-free KuCoin account opening and operation, and low transaction fee

Rating

4.3/5

Expert Reviews

If you want to trade anonymously, KuCoin is a good choice as it does not require KYC verification. The platform simplifies usage for novice and expert users, but the advanced version of KuCoin could be confusing.

Pros 

Cons 

Advanced security features

KuCoin was hacked in 2020, but almost all the stolen assets were recovered and offered compensation for the missing assets.

Quick & efficient customer support

 

User-friendly Interface

 

13. Bybit

Bybit is a growing cryptocurrency exchange application. It offers easy access to the most popular cryptocurrencies, copy trading, decentralised Web3 features and an NFT marketplace. The application also helps optimise your trading efficiency by following the strategies of experienced traders. Moreover, it sends notifications immediately when cryptocurrency prices reach your preset levels. 

App Name

Bybit

Feature List

  • 10M global users
  • 270 spot assets
  • 200 derivatives contracts
  • Bybit Asset Management
  • Copy Trading
  • Real-time Alert

Fees (Maker/Taker)

Maker: 0.00-0.20%
Taker: 0.10-0.55%

Top Cryptocurrencies Available

250+

Minimum Investment Required

$5 or INR 413

Why do we pick? 

For supports all popular cryptocurrencies, offers multiple trading options, an efficient asset management system for steady interest and profit, real-time alerts, easy transactions, and security assurance 

Rating

4.2/5

Expert Reviews

If you are looking for a reliable and user-friendly platform to trade with popular cryptocurrencies and NFTs using copy trading methods, Bybit would be a good choice.

Pros 

Cons 

User-friendly interface

May not be suitable for beginners

Secure fund protection

 

NFT marketplace and copy trading

 

Interest-earning options

 

14. Crypto.com

Crypto.com is an easy-to-use trading platform with various NFTs and cryptocurrency options. Moreover, you can create your own NFTs on Crypto.com's native blockchain, Cronos. It allows you to connect multiple digital wallets for easy and seamless transactions. DeFi wallet, among them, is special, as it will give you token rewards that you can use on other decentralised finance applications based on blockchain technology. 

App Name

Crypto.com

Feature List

  • All NFTs on Crypto.com are verified
  • 270 Supported cryptos
  • 31 Fiat currencies
  • Purchase cryptos or stablecoins with your credit/debit card or bank transfer
  • Free bank transfer
  • Earn up to 6.5% per annum (p.a.) on your crypto; 12% p.a. on stablecoins
  • Get a Metal Visa Card (up to 8% Rewards back)
  • Deposit crypto, get an instant loan

Fees (Maker/Taker)

Maker - 0-0.075%
Taker - 0.05-0.075%

Top Cryptocurrencies Available

250+

Minimum Investment Required

$1 or INR 82

Why do we pick? 

Crypto.com is one of the best NFT exchange platforms with the industry's largest selection of cryptocurrencies.

Rating

4.2/5

Expert Reviews

For traders looking for a wide variety of cryptocurrencies to diversify their portfolios, Crypto.com would be an excellent choice to consider for them. In addition to staking rewards on more than 20 coins, you’ll also enjoy free bank transfers.

Pros 

Cons 

Verified creators and collections

Poor customer support

NFTs can be purchased using Crypto & fiat payments

Payouts need approval for NFT sales

Less risk of NFT fraud and scam

 

Compatible with mobile/web browser

 

15. Kraken India

Kraken is another of the best trading and cryptocurrency exchange applications that offers a dedicated tool for tracking and trading cryptocurrencies. With its’ free service, you can set prices easily, monitoring market trends and price movements across various platforms. You can even set price alerts to get notifications when a particular price is reached. You must upgrade to the paid plan if you want more timely alerts to increase your profit.

App Name

Kraken India

Feature List

  • Cryptowatch, a tool for tracking and trading cryptocurrencies
  • Allows margin trading with up to five times leverage
  • Supports USD, AUD, CHF, CAD, EUR, GBP, and JPY fiat currencies
  • Supports most popular cryptos, like ADA, BCH, ETH, LTC, etc
  • Multi-layered security features, 2FA withdrawal email confirmation, precise API key permission control, SSL encryption, air-gapped cold storage, etc

Fees (Maker/Taker)

Maker: 0.00-0.16%
Taker: 0.10-0.26%

Top Cryptocurrencies Available

200+

Minimum Investment Required

$10 or INR 820

Why do we pick? 

For enhanced currency options, trading options, low fees and strong security protection

Rating

4.1/5

Expert Reviews

Kraken allows you to trade cryptocurrencies with borrowed money, up to 5 times the amount of your own money. It offers an easy user experience on desktops and mobile devices. The strong security is a bonus for large-sum investors, but the added precautions complicate the UI for novice traders.  

Pros 

Cons 

Supports fiat currency

Long verification times

Low fees

 

Enhanced security features

 

16. Giottus

Giottus is lesser-known than many but is India's top cryptocurrency exchange platform. If you want to invest long-term, the Crypto thematic basket investing plans, fixed deposit plans and SIPs of Giottus are good choices to consider. The liquidity is high, so you can sell or buy assets quickly and easily without affecting their price.

App Name

Giottus

Feature List

  • Supports only INR as a fiat currency
  • Investment via SIP, fixed deposit of cryptocurrencies with up to 25% interest
  • Supports NEFT, RTGS and IMPS deposit
  • All set to launch NFT and lending services

Fees (Maker/Taker)

Maker: 0.3-0.4%
Taker: 0.3-0.4%

Top Cryptocurrencies Available

150+

Minimum Investment Required

INR 100

Why do we pick? 

For user-friendly behaviour, reliable customer support, high-end security, lower fees than other Indian currency exchange platforms, and support for all top cryptocurrencies.

Rating

4.7/5

Expert Reviews

You can earn passive income by staking your crypto coins. The interest may go up to more than 10%. You can also earn tokens from refer and earn schemes.

Pros 

Cons 

High liquidity 

No margin trading and crypto lending

Multilingual crypto mobile app

 

Interactive interface with handy tools, like real-time order books, trade history, charting tools, etc.

 

17. BITmarkets

BitMarkets offers versatile trading and exchange options for all top cryptocurrencies with competitive fees. It provides user-friendly tools, top-notch security measures, and informative resources, making it a reliable trading platform for beginners and experienced traders.

App Name

BITmarkets

Feature List

  • Tools for crypto portfolio management, including market insights, automatic purchases, and price alerts.
  • Crypto Tracker and dashboard with intuitive interface
  • Bitcoin Ticker allows staying updated on the latest trends and movements of the Bitcoin and other currencies in the crypto market 
  • Real-time price alerts

Fees (Maker/Taker)

Maker: 0.00-0.5%
Taker: 0.00-0.5%

Top Cryptocurrencies Available

100+

Minimum Investment Required

INR 500

Why do we pick? 

For low fees, versatile funding options, top-notch security standards and handy tools like Bitcoin Ticker, Portfolio Management, Real-time Price Alerts, etc

Rating

4/5

Expert Reviews

It lacks some advanced features and may not be suitable for those seeking an extensive coin selection.

Pros 

Cons 

Transparent pricing

No option for margin trading, crypto lending and staking

24/7 multilingual customer support is available via video call, phone and email 

 

Efficient portfolio management

 

18. Krypto

Krypto is a trusted trading platform that lets you buy and sell cryptocurrencies in India at the best prices. You can compare prices from different exchanges and access their liquidity without paying any fees.

App Name

Krypto

Feature List

  • Supports 100+ cryptos like Bitcoin, Ethereum, Ripple, etc
  • Krypto Pay simplifies cryptocurrency payments to vendors
  • Provide access to the pooled liquidity of the leading crypto exchanges

Fees (Maker/Taker)

Free

Top Cryptocurrencies Available

100+

Minimum Investment Required

INR 50

Why do we pick? 

For pooled liquidity, zero trading fees, fast trading and exchange of crypto to INR and vice-versa, top-notch security and customer support

Rating

3.7/5

Expert Reviews

If you’re an Indian cryptocurrency enthusiast looking for a cost-effective platform for easy trading, payments, and peer-to-peer transactions, Krypto is a good choice.

Pros 

Cons 

Instant fiat deposits and withdrawals free of cost

Lacks margin trading and some advanced features like limit orders

Fast KYC process

 

Zero trading fees

 

19. MEXC

Like ByBit and KuCoin, MEXC is another of the best crypto leverage platforms, offering up to 125x leverage and supporting more than 1,520+ cryptocurrencies and 2,110 trading pairs. MEXC puts customers first, so it prioritises their satisfaction, privacy, and anonymity.

App Name

MEXC

Feature List

  • Spot trading, margin trading, futures trading and derivatives trading
  • Staking is available for many popular cryptocurrencies, like BTC, ETH, DOT, etc
  • Available Fiat currencies: USD, TWD, AED, PHP, AUD, JPY, CAD, EUR & more
  • No KYC required

Fees (Maker/Taker)

Maker: Free
Taker: 0.1%

Top Cryptocurrencies Available

1520+

Minimum Investment Required

No minimum investment required

Why do we pick? 

For a wide range of markets and cryptocurrencies, versatile trading options, fast and accurate charts, an intuitive interface and multilingual customer support

Rating

4/5

Expert Reviews

MEXC is a versatile crypto trading platform that provides access to a versatile trading market in one place. With a customisable, fast and accurate chart, it’s easy to find the best trading options, making it suitable for experienced and novice traders.

Pros 

Cons 

Quick and anonymous registration, as no identity verification is required

A limited number of cryptos are available for quick purchase

Earn reward by staking a few selected cryptos 

 

Free spot trading


 

20. Coinbase

Coinbase is another best trading platform that supports all popular cryptos, like ADA, BTC, ETH, DOT, etc. and comes equipped with advanced trading tools that help you make the best information-rich trading decisions. If you’re interested in the Web3 ecosystem, you’ll appreciate the Dapp browser and MPC wallet, enabling you to explore NFTs, DeFi, and more. Whether you’re experienced enough or new to the trading industry, Coinbase is always a trustworthy choice.

App Name

Coinbase

Feature List

  • Allows users to hold above 4,000 cryptocurrencies, crypto tokens and NFTs in their wallet
  • TradingView tool provides fast and accurate charts and in-depth technical analysis.
  • Advanced real-time order books
  • The information hub provides real-time updates about prices and the latest crypto news

Fees (Maker/Taker)

0% - 3.99%

Varies by type of transaction

Top Cryptocurrencies Available

250+

Minimum Investment Required

$2 or 165 INR

Why do we pick? 

For automated trading options, crypto staking facilities, versatile cryptos and wallet types, live customer support and top-notch security

Rating

3.3/5

Expert Reviews

Coinbase is a good choice for those seeking a diverse trading platform. Its complicated fee structure may be challenging to understand for novice traders. Still, the easy entry point with a low account minimum of $2 and an educational resource makes it suitable for beginners.

Pros 

Cons 

Quick crypto withdrawals

High staking commissions

Several crypto wallet options

 

Attractive rewards and referral programs 

 

What Are The Different Types Of Cryptocurrency Exchanges?

  • Centralised Exchanges or CEX

The most popular sort of platform for crypto trading, these exchanges provide quick, straightforward procedures combined with a very user-friendly layout. As the name implies, a single body governs and controls these exchanges.

To prevent inconsistencies, the business records and validates every order or transaction. The user deposits money into a wallet that the CEX manages. Additionally, the user must comply with the KYC standards, which involve sharing personal data, to establish an account here.

  • Decentralised Exchanges Or DEX

These exchanges are genuinely decentralised because no company or institution regulates them. A decentralised application and intelligent contracts execute the trades on the exchange. However, no KYC or personal information is required. A DEX is more secure since it is automated and backed by smart contracts written with security checks in mind. A DEX's interface differs from a CEX’s, which generally affects its speed and volume. CEXs may prove more beneficial for beginners than DEXs for experienced traders.

  • Hybrid Exchanges Or HEX 

Both centralised and decentralised exchanges offer advantages that hybrid exchanges do not. It's still early days for a hybrid cryptocurrency exchange. It preserves anonymity and security, precisely as decentralised exchanges do, yet has the liquidity feature of centralised platforms. One of the most noticeable elements of HEX trading is the absence of taker and gas costs.

What To Look For To Pick The Right Indian Crypto Exchange?

  • Supported Coins:

The best cryptocurrency exchanges provide a wide selection of tradeable coins, enabling investors to maximise their profits by trading different crypto assets.

  • User Interface:  

The exchange's user interface must be tested for safety. Mobile and web application security is a top priority. Digital tokens are susceptible to theft and hacking, so they shouldn't be disregarded.

  • Fees:

Every crypto exchange will charge the same fees. However, the charges and the level they cut into your revenue will vary from sale to sale. A transaction charge of 0.2% or less will often be found on the best platforms. Before deciding on a crypto exchange, you should examine the trading, deposit, withdrawal, and balance transfer fees.

  • Regulation 

A well-regulated exchange is much safer to use than one that isn't, making it one of the most crucial factors to consider when selecting an exchange.

  • Deposit And Withdrawal Options

To make it simple for investors to transfer money into and out of their accounts, crypto exchanges should accept various payment options.

  • Account Security:

 It is advisable to choose crypto exchanges that use multiple layers of security, such as two-factor authentication and a cold storage rate of 95% or greater.

  • Customer Support: 

Ensure you have various payment methods, 24x7 customer support, a mobile phone application, etc. Investing/trading can be made more enjoyable by these small features. Also, look at customer reviews and ratings for mobile applications. The quality of the service will be evident from this.

Cryptocurrency Exchanges Charge Different Fees

Different cryptocurrency exchanges in India impose varying prices. Here are the various expenses entailed:

  • Joining Fee:

In India, most cryptocurrency exchanges offer free registration, including Mudrex, WazirX, ZebPay, and Bitbns. Inactive accounts may be charged a minimal fee.

  • Deposit Fee: 

Crypto exchanges charge this fee when users deposit money to initiate buying or selling. Users can transfer money via payment service providers, Mobikwik, crypto wallets, UPI, net banking, or bank transfers to determine the deposit fee amount.

  • Trading Charge: 

Cryptocurrency exchange fees are mainly composed of trading charges. A trader may be charged a flat percentage or a charge depending on the orders, such as making and taking orders. We must first understand the Maker and Taker fees before moving forward.

  • Withdrawal Fee:

Some exchangers charge users when they withdraw money from a fiat currency. When a user makes a sell order on the exchange, the money is available for withdrawal once it appears in the user’s wallet. The users may be charged for full or partial withdrawals from their registered bank. The user may also withdraw coins, which come as a penalty. 

Frequently Asked Questions:

1. How to purchase cryptocurrency in India?   

You need a cryptocurrency exchange to buy and sell crypto coins to own a cryptocurrency. Once you've chosen a business, you must fund your account to begin trading cryptocurrencies. Regulatory issues in India have disabled UPI and Mobikwik payments. You can deposit via bank account, net banking, and P2P transfers. You can buy your favourite coin quickly and easily once your account is credited with the money.

2. Is it possible to convert cryptocurrency into cash?

Yes! Users can easily convert fiat money to cryptocurrency with an exchange platform.

3. Best Bitcoin trading app

If you are looking for the best Bitcoin trading app, you must go for Mudrex, Zebpay, Unicoin, WazirX, and Bitbns. 

Conclusion:

A different option for making passive money at home is trading digital currencies. Most individuals use mobile applications to trade cryptocurrency since they can do it on the go. When selecting the best cryptocurrency trading software, consider the costs, spreads, acceptance of deposit options, and liquidity.

Author Name: Moumita Guin

Note: "Each article is meticulously crafted by our team of finance experts, incorporating user and community feedback to evaluate and select financial products and brands rigorously. Their thorough approach ensures only the most reliable and relevant financial solutions are recommended to our readers."

Author Bio: Greetings! I am Moumita, a dynamic and dedicated content creator with a fervent zeal for crafting captivating stories and informative content. My adventure in the realm of words began during my academic tenure in Journalism and Mass Communication, where I discovered my ardour for content creation. With a rich background in meticulous product research and expansive long-form content development, I am eager to impart my profound insights. You will find my recommendations and expertise to be of immense benefit.

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