Top 5 Cryptocurrency Apps in India 

Looking for the top 5 crypto apps in India? Read this article to know the details, pros, and cons of India's top 5 crypto apps.

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In finance, cryptocurrency trading is a brand-new frontier with countless opportunities. You must, however, have the appropriate tools available to take full advantage of this new world. Mobile apps have bought, sold, and exchanged cryptocurrencies for fiat money. So it stands to reason that the cryptocurrency trading app is one of the most important of these tools. 

Cryptocurrencies use a decentralised mechanism to track transactions and create new units rather than a central body to issue or regulate them.

This article consists of reviews of the leading cryptocurrency apps available in India. In addition, this article will explain what to look for in these applications and how to choose the ideal one for your trading style.

Our Top Picks

Best Overall - Delta Exchange

The top cryptocurrency app on this list is Delta Exchange. It offers a platform and several tools to simplify trading cryptocurrencies. The platform can be downloaded for free and has several tools to help you manage your trades and portfolio, conduct analysis, and automate trading.

Best For Advanced Crypto Traders - CoinDCX

CoinDCx is the best cryptocurrency app for advanced crypto traders. There are maker/taker fees of 0.2%, the cryptocurrency is available in 340+ markets, and the minimum investment is Rs.100.

Best For Novice And Intermediate Crypto Traders - UnoCoin

Unocoin is the best crypto app for novice and intermediate traders. Trading is made easy and safe with this user-friendly platform.

Comparison Of The Best Cryptocurrency Exchanges In India

In this comparison, we look at the different cryptocurrency apps available in India:

Points

Unocoin

ZebPay

WazirX

CoinSwitch

CoinDCX

Best

Cryptocurrency Accepted

20+ Cryptocurrency

85+ Cryptocurrency

30+ Cryptocurrency

100+ Cryptocurrency

100+ Cryptocurrency

CoinSwitch

Buy/Sell Rate Difference

7% to 10%

9%

4% to 7%

10%

16%

WazirX

Customer Service

-

-

Monday to Saturday

(10AM to 7PM)

Only ticket support

24/7 toll free number support

24/7 online support

CoinDCX

Deposit INR

Suspended

Yes

-

Yes

Yes

Unocoin

Easy to use website for buy Cryptocurrency

 

Suspended

 

Easy

 

Difficult

 

Easy

 

Easy

 

CoinDCX

Play store and IOS Mobile App

Only Play Store

Both are available

Both are available

Both are available

Both are available

ZebPay

Cryptocurrency Transfer Duration

Within 6 to 12 hrs

Within 4 hours

Within 4 to 6 hrs

Within 1 hour

Within 12 hours

Coin Switch

List Of Top Best Crypto Apps In India 

A list of the top Crypto Apps in India can be found below:

1. Delta Exchange

Delta Exchange is a reliable and reputable trading platform for cryptocurrencies and derivatives. The Delta exchange offers leverage of 1:100 for futures, options, and interest rate swaps. 

Cryptocurrency assets such as Bitcoin, Litecoin, Ethereum, Ripple, Tether, Bitcoin Cash, Stellar, and Tezos are traded on the platform; fiat money is not used.

Two-factor authentication, multilevel encryption, and cold storage of cryptocurrency are employed to protect user information and funds. 

Why We Picked?

We chose the delta exchange because it is one of the safest exchanges for providing users with cryptocurrency portfolios. It has implemented stringent security measures and two-factor authentication to protect its users' money. In addition, no hacker has ever been able to access this exchange.

Key Characteristics:

1. Basket Orders

You can place multiple orders simultaneously using Basket Orders.

2. Strategy Builder

You can develop and evaluate your trading and strategy.

3. Easy Options

Predict the direction in which the price will increase or decrease to receive trade ideas.

4. Effective Margining Scheme

Less margin requirement allows for increased trading. Options trading can begin with an Rs. 800 minimum margin.

5. Deep OTM/IM Options

The option strikes of deep OTM and ITM can also be traded with daily and weekly expirations.

6. PNL Analytics

The best-in-class PNL Analytics feature lets you quickly calculate your daily gains and losses.

Pros

Cons

Trading with a 100x maximum leverage

You cannot trade fiat funds

has no minimum deposit requirements

Zero investment choices;

No minimum deposit required

No call centre exists

Automated trading using pre-made strategies

 

2. UnoCoin

Unocoin, the original cryptocurrency trading platform, has its headquarters in India. It has handled more than 11.7 million transactions since its debut in 2013. For high-volume trading, Unocoin offers dynamic and competitive gas fees. You can gain the upper hand over other traders by automating your trades and building trading bots that use real-time market updates.

Since its launch in 2013, Unocoin has been a key player in India's fight for cryptocurrency rights and in facilitating cryptocurrency trading.  

Why We Picked It?

UnoCoin is one of the most popular and well-known exchanges for purchasing, selling, and storing Bitcoin and performing other merchant processing tasks. Users can trade in more than 80 different kinds of digital currencies on this platform. Users also get free Bitcoins when they sign up and 15% of their trading fees are reimbursed.

Key Characteristics:

  • First-ever systematic buying plans (SBP) for Bitcoin and Ethereum were introduced, starting at just INR 10.
  • Users of the Crypto Basket feature can diversify their cryptocurrency holdings based on volume or market capitalisation.
  • Give users the option to buy and store coins in over 40 Unocoin Wallets.
  • Charges a 0.5% commission for buying or selling bitcoin.
  • Facilitates the OTC lending feature that makes it possible to trade in large quantities.
  • More than 20 lakh users have registered overall.

Pros

Cons

It guarantees an advanced cryptocurrency lending feature and enables users to hold Bitcoin as a mortgage secured by USD or INR

A few live chatbots are available.

Discounts on "Refer and Earn" appealing programmes

High transaction fees and expensive Bitcoin prices

It allows users to choose SBP as a way to increase their returns

The website does not have much educational content

The total number of registered users exceeds 20 lakh

 

3. ZebPay

Another Indian cryptocurrency trading platform, ZebPay, was established in 2014. It asserts to have handled transaction volumes totaling more than $10 billion since its inception. The team has demonstrated a commitment to making cryptocurrency accessible to all by serving more than 5 million users since its Indian relaunch in May 2020.

Why We Picked It?

Investors in cryptocurrencies are familiar with ZebPay because it pays interest on unutilized holdings. For lending crypto, it offers a 4% fixed return that is guaranteed. With almost 50 lakh registered users, the exchange currently supports over 100 crypto coins on its platform. It is also ideal for intraday cryptocurrency trading because it enables rapid payments with minimal maker fees. 

Key Characteristics:

  • The user can earn a fixed return of up to 4% by lending cryptocurrencies like Bitcoin, Ethereum, Polygon, Binance Coin, and Tether.
  • Available in Singapore, Australia, and India.
  • Provides a bug bounty programme to help the community find problems that could endanger users.
  • Offers specialised courses in the crypto industry and blogs with news updates.
  • ZebPay has strong security measures, and nearly 98% of its cryptocurrency is stored in cold wallets.

Pros

Cons

Offers attractive and guaranteed returns for lending crypto

No option for a real-time chatbot

Trading without fees on a few pairs

No staking and margin trading

Provides enticing and assured returns for lending cryptocurrency

It supports just a few cryptocurrency trading pairs and coins

No fee on withdrawals and deposits of crypto

Not as user-friendly and well-known as other top Indian exchanges

4. WazirX

WazirX is a cryptocurrency trading application that offers users a platform for managing, tracking, trading, and analysing digital assets. WazirX is undoubtedly one of India's most widely used cryptocurrency trading apps with more than 12 million users. 

Why We Picked It?

With more than 60 lakh registered users, WazirX is one of India's exchanges for cryptocurrencies that is expanding the fastest. This exchange provides a huge selection of coins and tradeable pairs at affordable trading fees. Additionally well-known for its user-friendly design and sophisticated trading charts, WazirX offers web, Android, iOS, and Windows apps. 

Key Features: 

  • Enables users to conduct peer-to-peer (P2P) transactions and invest in INR, USD, and Bitcoin.
  • The WRX, the proprietary digital currency of WazirX, can be bought with INR and exchanged for other cryptocurrencies like Bitcoin, Ethereum, or Dogecoin.
  • More than 450 tradable cryptocurrencies are available on WazirX.
  • Facilitates smart token fund (STF), which enables new investors to manage their cryptocurrency portfolio and find experienced traders.

Pros

Cons

Excellent customer service options, like live chat

A little on the high side, the trading fee is 0.2%

WazirXApp's real-time price alert feature

Lacks staking, crypto lending, and margin trading

First automated P2P trading platform in India

Only eight coins can be used with the P2P platform's USD Tether

The majority of the money—95%—is kept in cold storage

Charges a significant trading commission for money withdrawal

5. CoinSwitch

CoinSwitch Kuber is one of the most dependable exchanges for trading cryptocurrencies. Its goal is to simplify cryptocurrency trading for ordinary people, and Sequoia Capital is backing it. 

Their mission statement states they want to "challenge the status quo" and give every man the tools necessary to become financially independent without a college degree or inherited wealth.

Why We Picked It?

The best choice for beginners is CoinSwitch Kuber because it doesn't impose any trading fees on any Bitcoin transactions. Users can trade over 80 cryptocurrencies for as little as INR 100. The trading pairs available on this platform include INR-to-cryptocurrency exchange, cryptocurrency-to-cryptocurrency trading, and cryptocurrency-to-INR trading.

Key Characteristics:

  • There are no trading fees associated with Bitcoin transactions.
  • Strong password security measures are ensured with 2FA and OTP.
  • Provides services, like SIP in bitcoin, to increase the returns on cryptocurrency investments.
  • Accepts NEFT, RTGS, IMPS, and P2P payment options for deposits.

Pros

Cons

User interface that is simple to use for beginners.

Only INR is accepted as a fiat currency

Instant buy, sell, and withdrawal capabilities

No staking or margin trading is permitted

Both deposits and withdrawals are free

Since KYC is required, there is no demonstration or free trial available

Instant buy, sell, and withdrawal capabilities

 

Top Features You Should Look For In A Cryptocurrency App

Listed below are some of the features of the cryptocurrency trading apps in India:

1. Crypto Selection

The variety of currencies that are available for trading differs greatly between exchanges. If you're a new trader, you're probably only interested in Bitcoin and maybe a few other well-known currencies. Thus, a large selection can make the platform too complicated for you.

2. Security

Cryptocurrency may appear shady to some due to the lack of government regulation and its use on the black market. Instead, look for security features like cold storage, encryption, and two-factor authentication (2FA) (offline storage to protect against theft and hacking).

3. Availability

According to the rules, can you utilise the exchange while in your nation and state? If an exchange isn't offered in your state, keep a watch out because businesses frequently grow.

4. Purchase/Trade Options

You can connect your bank account to transfer funds to fund your account and purchase cryptocurrency. You can also make use of a debit or credit card.

5. Wallet

Not all exchange platforms include a wallet for storing your cryptocurrency holdings. Therefore, it might be more convenient to be able to trade and manage your money on the same platform. 

What Is A Cryptocurrency Exchange And How Does It Work?

Centralized cryptocurrency exchanges serve as a middleman between buyers and sellers and generate revenue through commissions and transaction fees. A CEX can be compared to a stock exchange but deals in digital assets.

Unocoin, WazriX, and Binance are well-known cryptocurrency exchanges. Similar to stock trading websites or programmes, these exchanges allow cryptocurrency investors to buy and sell digital assets at the current price, known as spot, or leave orders that get executed when the asset reaches the investor's specified price objective, known as limit orders.

In the order book method employed by CEXs, the buy and sell orders are listed and organised according to the anticipated buy or sell price. The exchange's matching engine then matches buyers and sellers based on the best executable price given the requisite lot size. The supply and demand of a digital asset in relation to other assets will therefore determine the price of that asset, whether it be in the form of fiat money or a cryptocurrency.

What Is A Cryptocurrency Wallet And Do You Need One?

Crypto wallets technically don't store your crypto, unlike a typical wallet, which can hold real money. Your holdings are stored on the blockchain but require a private key. You can't access your money if you misplace your secret keys. Instead, use a reliable wallet service like Unicoin or keep your hardware wallet secure.

You can easily access your cryptocurrency assets using an app like Exodus or Coinbase Wallet. You can: 

  • Control: All of your digital assets from one safe location.
  • Own: Private keys that you can control
  • Send: To and from any location in the world, send and receive cryptocurrencies.
  • Use: Usernames instead of lengthy, hexadecimal "public key" addresses to communicate
  • View: dapps (decentralized finance apps)
  • Shop: At establishments that take cryptocurrencies

Cryptocurrency Exchanges VS Brokers

Swap is essentially the classic method of trade. It is excellent for modest sums of money because a person may just utilise the current currency to exchange it for whatever they want.

On the other hand, cryptocurrency brokers let their clients utilise whatever funds are available in the broker's account for deposits and trades, skipping many trades to get the right currency for a given transaction. For this reason, it is advised to use crypto brokers for crypto moons.

In essence, brokers will choose the best buyer or seller for your transaction so that both of you can acquire the currency you want. In most situations, brokers will be the best choice; no other person will be engaged. By working with a cryptocurrency broker, you can take advantage of chances like leverage situations, for instance, if the broker needs your currency to complete a transaction with another user on their platform.

Contrarily, the crypto exchange, in this case, leaves you on your own, so if you want to sell your cryptocurrency, you will need to find buyers on your own or wait for someone to approach you directly through the crypto platform.

Frequently Asked Questions

Listed below are the answers to which is the best cryptocurrency app in India.

1. Which is the best cryptocurrency app in India with low fees?

The best cryptocurrency app in India is WazirX since its fees are about 4% lower than those of the others.

2. What are the Cryptocurrency companies in India?

Among the cryptocurrency, companies are UnoCoin, CoinSwitch, CoinDCX, ZebPay, and WazirX.

3. Which app is safe for cryptocurrency?

For cryptocurrency trading, ZebPay is the most secure app.

Conclusion

This article reviews five of the best cryptocurrency trading apps in India. Each of these cryptocurrency trading apps offers unique features that make it stand out from other apps. In addition to WazirX, we have covered CoinSwitch Kuber, Unocoin, ZebPay, and CoinDCX. This post should have provided you with some information about the best crypto trading app. 

Unlike traditional assets, cryptocurrencies are unregulated virtual assets that do not involve market risk or legal tender.

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