Best bitcoin exchange India 2021
The extraordinary power of digital goods
Crypto-currencies as such have only been around since 2009. Since their introduction, many new coins have appeared, adding to the long list of options currently available. This has created a lot of interest in trading cryptocurrencies, as their prices rise and fall dramatically in the market.
In the early days of crypto-currencies, the values of the various currencies, especially bitcoin, fluctuated wildly. Since they are purely digital assets, there was no direct value to attach to them. This means that their prices fluctuated a lot in the first few years. While this market still has the potential for large fluctuations, it has calmed down somewhat in recent years.
More stable currencies have brought even more traders into the market. One of the most popular ways is through swaps. In this case, traders exchange one asset for another through the market and hold them for a longer period of time to take advantage of changing values. Not surprisingly, this has led to an increase in the number of new swaps worldwide.
As the market adapts, so do the exchanges that are offered to you.
What is a cryptographic exchange?
To examine an exchange, you need to know how it usually works
A crypto-currency exchange is a platform where you can exchange one crypto-currency for another. Most exchanges also allow you to exchange your digital assets for other types of assets, such as regular fiat currency.
In fact, the process is simple enough to understand. All you have to do is log in to one of these platforms, enter the currency and amount you have and want to trade, and start trading. You trade with real people and exchange real goods with them. You can then trade the new goods with other people or hold on to them until their value increases.
These digital currencies behave like other assets in the market. They are traded at an approximate market value, which is influenced by a number of external factors, namely supply and demand. Since crypto-currencies have no real value, prices are largely influenced by these external factors.
To fund your account with a crypto-currency exchange, you need a crypto-currency wallet. In it, you store your own coins and can then place them on the exchange. You can fill this wallet with any currency that is accepted on the exchange, especially with some kind of crypto-currency. That's why most major exchanges offer crypto-currency wallets through their own systems to help users protect their funds.
After loading this amount onto the exchange, you enter a buy or sell order into the system. This is usually called the order book. This is where all the buy and sell orders are published so that other traders can check what is going on. It is essentially a service that connects interested parties. When one side sees an order to buy or sell that they want to participate in, they place the order. Each exchange will operate its market in a slightly different way.
Factors influencing the value of crypto-currencies
Digital assets are not based on a tangible resource and have a volatile value.
Before you jump into the biggest crypto-currency exchanges, take the time to consider the factors that have the most impact on the value of crypto-currencies. While this list can never truly be exhaustive, it's helpful to know more about how these values can change.
- Limited Supply. One of the largest factors currently affecting cryptocurrency, in particular bitcoin, is a limit on the available supply. This is significant because there is a fixed limit of how many are out right now and how many more can possibly be released. Due to the way crypto is created, the release of more coins becomes increasingly more difficult the closer it gets to the maximum.
For bitcoin, the maximum possible number of coins that can be minted is 21 million. This is a low number for any coin and an important reason why it is so popular. When this limit is reached, which will be soon, there will be fluctuations as the owners of the currency think about what will happen when no more coins can circulate.
- Demand. The other side to the supply of crypto is the relative demand for that specific crypto. The more people that want to have and use cryptocurrency, the higher the value will go, if the supply stays the same. While supply is not fixed, there is an end limit and the demand will react to this as the limit gets closer.
The demand for each crypto-currency depends on other factors, such as the overall benefits they offer and the regulations that affect the different coins. If you know the interest in these coins, you can predict how much the demand will affect the overall value.
- Regulations. Tagging alongside the demand for crypto is the various regulations that have been created for this type of asset. In some regions, there are no regulations at all. This is because they are still relatively new forms of currency and have been less readily adopted by certain institutions. The more regulations that support these assets, the more likely their value will grow because they have more uses.
In other cases, regulations may restrict the use of these currencies. This will naturally affect the demand for these assets as they lose some of their real value. The integration of crypto-currencies will continue to change and grow, attracting and depressing value in the market in different ways.
- Media. The news and other forms of media will always influence the value of assets on the market. This is because these sources of information are often highly valued and affect the way the general public will react to these assets. This affects the demand and subsequently the value of each crypto. Media is also easy enough to follow and react to, which makes it a popular form of trying to predict these price shifts.
There are other factors that influence the value of these assets, so keep them in mind
Review of exchanges
There are many crypto-currency exchanges out there today, and it's harder than ever to choose: each exchange has similar offerings, but with a very unique makeup. Understanding what you can expect from some of the best exchanges will help you find the right one for your type of trading.
A big part of a good crypto exchange is the level of security it offers its customers. This is especially important in an online environment, as most of these exchanges are. How the various exchanges handle this is a good indicator of how much you can trust them.
The environment in which you operate in the marketplace can be an important factor in your overall experience and success.
Coinbase is a very popular exchange. It was founded in 2012, just a few years after the launch of bitcoin. This exchange is based in the United States and operates with all the necessary regulations that make it certified and trustworthy. It offers two different accounts, a standard account and a professional version.
Coinbase has a fairly high fee, unless you use the Pro account. This Pro account also offers more charting features and even extended indicators that track subtle changes in the market. However, Coinbase offers a number of different crypto-currencies, so there is a good selection.
Despite this large selection, there are other exchanges that offer even more variety than this one. Coinbase's system is intuitive, so even new users will find their way around fairly easily. There are also insurance policies provided to customers to protect their crypto-currency wallets.
Overall, this is certainly a comprehensive crypto exchange that offers all the necessary options, especially for new users. With all the bells and whistles on offer, you can be sure that you are in a good environment to work with crypto currencies.
|Cryptocurrencies||23 types of digital currencies.|
|Commissions and fees||For all transactions under $200, the following fees apply:$0.99 - for transactions under $10.00;$1.49 - for transactions between $10.00 and $25.00;$1.99 - for transactions between $25.00 and $50.00;$2.99 - for transactions between $50.00 and $200.00.For transactions over $200.00, a fixed interest rate applies. The amount depends on the payment method.|
|Portfolio||Free on mobile and online. The advantage of this wallet is that transactions can be made outside the blockchain.|
|Method of payment||You can deposit and withdraw with a bank card, bank transfer and a number of payment systems. SEPA transfers are available for EU citizens;|
|Security||Two-factor authentication; All website traffic is encrypted using SSL cryptographic protocol; All wallet keys are protected with AES-256 encryption; Only 2% of your customers' cryptocurrency funds are stored online and are insured in case of loss;|
|Application mobile||Mobile apps for Android and iOS.|
This crypto exchange has only been around since 2017, but as a relatively young company, it has managed to expand its offering considerably. What makes this exchange special is that it has deliberately focused its offering on a wide range of different crypto currencies, including over 150 options. There are even some options available for fiat currencies, but they are significantly more limited than crypto-currencies.
Binance has become one of the biggest names in the global foreign exchange market, with large volumes traded daily. The diversity of assets and low fees have made it more than competitive on a global level. This has led to a substantial user base and as a result the company continues to grow at an impressive rate.
Users can make deposits with crypto-currencies or the handful of fiat currencies that Binance allows. This is an often underrated advantage that allows easier access for users around the world. Perhaps the only real drawback to this exchange is that it has a slightly more complex structure than other exchanges and is perhaps best suited for those who have experience with crypto systems such as these.
|Cryptocurrencies||740 different crypto and fiat pairs, including your own BNB token;|
|Commissions and fees||Binance offers competitive transaction fees (commissions): 0.1% on each side of the transaction or 0.075% when using your Binance tokens (BNB);|
|Portfolio||Application mobile Trust Wallet;|
|Method of payment||Bank transfer, debit/credit cards, various P2P payment channels;|
|Security||The exchange has launched the CryptoSafe Alliance (CSA). This initiative will bring together exchanges, blockchain protocols, cybersecurity experts and compliance firms. It is the first comprehensive tool for monitoring and protecting against threats in a decentralized data exchange environment.|
|Application mobile||A free app is available on the Google Play Store or App Store.|
Kraken was founded in 2011. After its relatively early foundation, it quickly became one of the most popular exchanges on the euro market. It is highly rated and offers a good mix of altcoins and fiat currencies to trade. This selection of assets may not be their strong suit, but they do provide other resources to support it.
Among the features offered by Kraken are impressive charting tools and even margin trading. This exchange is also aimed at experienced users and the user interface may seem complicated for beginners. You may want to switch to this exchange when you have a better understanding of the experience and how to manage these trades.
This is definitely a first class exchange that offers all the important features for advanced users. One notable drawback is that there aren't many payment options you can use to make deposits to your account. There are ways around this, but it is still annoying for some.
|Cryptocurrencies||8 tokens are available for trade;|
|Commissions and fees||For transactions below 50,000 units of a given currency, a commission of 0.16% is charged to the seller and 0.26% to the buyer. For amounts above 50,000 units, the commissions are reduced to 0.14% and 0.24% respectively;|
|Portfolio||No crypto-currency wallet is offered on the site;|
|Method of payment||Crypto-currency wallets and money transfers via bank transfer. Deposits/withdrawals by credit card are not possible;|
|Security||The exchange offers users two-factor authentication (2FA), PGP encryption, and a global settings lockout that prevents account changes within a certain time frame;|
|Application mobile||Les applications de trading Kraken Pro et Kraken Futures.|
Bittrex was launched around the same time as many other exchanges, in 2014. Perhaps the biggest advantage that this exchange offers its users is the wide range of different assets that you can trade. This allows you to diversify your strategies in the market in a big way.
Like many of the major crypto-currency exchanges, Bittrex has connected wallets that can be used to store coins securely. Bittrex also has extensive security features and technologically advanced software that protects these online wallets and the platform itself.
|Cryptocurrencies||More than 250 trading pairs are available;|
|Commissions and fees||Covering your account in euros is possible by: SEPA bank transfer; International bank transfer; Bank card.Fiat Withdrawals from a bank account are possible with an international bank transfer, and for euros, a SEPA ; Withdrawal fees depend on the selected cryptocurrency: in Bitcoin, they are 0.0005 BTC, in Ethereum - 0.00600000 ETH. The website has a fixed transaction fee of 0.25% of the total value of the order;|
|Portfolio||No crypto wallet;|
|Method of payment||Bank transfers, credit/debit cards;|
|Security||Two-factor authentication (2FA); IP verification requiring confirmation of new IP address entry; IP whitelisting; cold storage for 80-90% of goods;|
|Application mobile||There are two apps for Android and iOS respectively: Bittrex Global and Bittrex.|
Bitmex was founded in 2014 and has grown rapidly thanks to their enticing margin trading offerings. They offer both open contracts and futures, the latter of which are more akin to binary trading than regular exchanges. For futures, they also offer leverage, which allows you to make money quickly, but also lose it all. This environment is perhaps best suited for more experienced users.
Bitmex offers good security, but the registration process is almost too simple. It's a justifiable trade-off between added convenience and some added risk. Overall, this crypto-currency exchange has become a popular option, especially for margin trading.
|Cryptocurrencies||55 trading pairs;|
|Commissions and fees||BitMEX does not charge any fees for deposits or withdrawals. 075% of the total order value, while Creators receive an additional 0.025% for each transaction;|
|Portfolio||BitMEX Crypto Wallet;|
|Method of payment||Apart from crypto-currencies, BitMEX does not accept other deposits;|
|Security||Funds are stored in cold wallets; Two-factor authentication; Registration via SMS notifications; Multi-signature Wallets for transactions; Email communications are encrypted with PGP encryption;|
|Application mobile||BitMEX Mobile will be launched in September 2020.|
It was founded in late 2012 and is one of the very first crypto-currency exchanges. It set the trend from the very beginning and is now known for the trading advantage it offers to its users. The leverage they offer here allows for large investments in the market. Like any margin trade, it can be a risky venture, but if you trade well, it can be very rewarding.
Bitfinex doesn't have the largest number of assets you can trade, but they do have some fiat coin options, which they introduced in 2015 to add some variety to their crypto marketplace. This exchange is also available to users around the world.
|Cryptocurrencies||Over 140 currencies and 300 trading pairs;|
|Commissions and fees||No extra payment for deposits and withdrawals in digital currencies. If you deposit USD, you will have to pay a 0.1% commission, but not less than $20;Minimum fee to withdraw fiat money is $60;With a minimum turnover per month, the transaction fee is 0.1% for the creator and 0.2% for the taker;|
|Portfolio||Users can choose between three portfolios: the foreign exchange portfolio, the margin portfolio and the financing portfolio;|
|Method of payment||In addition to crypto-currencies, users can also make bank transfers and withdraw money with the card;|
|Security||Only 0.5 percent of crypto assets are kept online to ensure daily transactions. The rest of the coins are stored in cold wallets, out of reach of hackers. It takes the manual approval of several members of the management team for these wallets to become available;|
Localbitcoins, another early startup in the crypto exchange space, was founded in 2012. It is a unique exchange service, as it does not focus on volume trading, but operates as a peer-to-peer (P2P) service. This means that while they operate globally, their users traditionally trade more locally.
This platform allows you to find other traders and make your trades. They provide an escrow account to facilitate these trades and maintain accurate portfolios on their members. This creates an environment of trust, especially for new traders who are not yet interested in trading large volumes. Localbitcoins exchange rates can be a bit high compared to other options.
|Commissions and fees||The service does not charge a commission to the buyer. For sellers, there is a fixed commission of 1% on each sale;|
|Method of payment||Bank transfers, credit cards, electronic systems;|
|Security||Transaction security is provided by the escrow method, which has proven to be very effective; user accounts are protected by two-factor authentication.|
Since 2014, Poloniex has developed well as a crypto-currency exchange. Its offering includes more than 100 crypto-pairs and a secure environment where users can manage their transactions. The fees are also relatively low, with certain factors factored into these costs. One of these factors is the volume of transactions, with higher volumes being rewarded with lower fees.
They also share the costs for the Maker and Taker in the market. A Maker creates the position and a Taker closes it. Makers have a lower fee, which likely leads to other users taking more positions. There are also other features to help users navigate the platform, from live chat boxes to data analysis tools.
|Cryptocurrencies||Over 100 currency pairs;|
|Commissions and fees||All deposits are possible without additional fees; withdrawal fees are fixed and depend on the type of crypto-currency; trading fees range from 0 to 0.25%; brokerage fees range from 0 to 0.15%; borrower fees range from 0.1 to 0.25%; the higher the volume of transactions made in a month, the lower the fees for all transactions made thereafter;|
|Method of payment||Topping up an account with a bank card or withdrawing money from a card is not available for users from certain countries;|
|Security||The administration strongly recommends that you use two-factor authentication on your account;|
|Application mobile||Available on.|
Kucoin is a Singapore-based exchange that was only founded in 2017. Compared to many leading platforms, it is a young company. However, the developers behind this company certainly don't lack experience in the crypto-currency space and show this expertise in their platform. As a result, it has grown quickly and is now used in several countries around the world.
In terms of security, Kucoin says it has deployed systems equivalent to those used by banks, creating a protected environment at the highest level. This is done through extensive encryption and multi-level authentication. While this is impressive, it may be too early in the career of this young crypto-currency exchange to say how secure it all is.
|Cryptocurrencies||Over 200 currencies and over 450 trading pairs;|
|Commissions and fees||All deposits are free on the site and there is a flat fee for withdrawals. KuCoin offers a fixed trading fee of 0.10%, which is lower than the industry average;|
|Portfolio||Cryptographic wallet inside;|
|Method of payment||A variety of payment methods supported by fiat P2P services;|
|Security||The Exchange gives you the ability to set up two-factor authentication via Google Authenticator;|
|Application mobile||Available on.|
Their support team has a range of contact options, and in several different languages. With companies that haven't been around as long as others, there are always risks. However, the longer Kucoin remains without dramatic incidents or security breaches, the more trust it will gain from merchants around the world.
It is an Austrian-based exchange that was founded in 2014. It was originally called Coinimal, but has since changed its name to Bitpanda. Their entire mission is to make crypto trading as easy as possible for everyone. They use an intuitive platform with easy access and navigation. What they are doing seems to be working, as they currently have over a million users.
Although the focus is on crypto-currencies, Bitpanda also offers trading in certain metals, such as silver and gold. Bitpanda also has several tools and features that make it easy to buy crypto-currencies. This includes a fully automated trading platform. You can trade between crypto-currencies and metals, knowing that they are secured through Switzerland.
In addition, Bitpanda has many other branches that open up interesting parts of the market to explore. These allow for better savings, increased transaction volume and even come with Bitpanda's own tokens. Like other internal tokens, these can be used to gain various benefits such as reduced fees on transactions. The fees for this exchange are relatively low.
|Cryptocurrencies||Bitcoin, Ethereum and over 30 digital assets;|
|Commissions and fees||The commission for the trading service depends on the type of currency and the type of transaction. When buying bitcoins you pay 1.49%, when selling - 1.29%;The loading and withdrawal fee is set for each currency and is debited from the account;|
|Portfolio||Cryptographic wallet Bitpanda;|
|Method of payment||You can make a deposit by bank transfer, credit card or via electronic payment systems;|
|Security||Bitpanda refers to systems that independently manage user wallet keys and also offers the following security measures: Cold storage of the backend; Session control. Each login attempt from a new device requires two-factor authentication confirmation; Email authentication and validation;|
CoinMama is another good exchange. Founded in the golden age of crypto-currency exchanges in 2013, this company has used its experience to its advantage. It's important to note that while this is technically an exchange, there is no actual exchange. Instead, you are buying and selling crypto-currencies on and from Coinmama itself.
They offer a decent range of options in terms of goods and payment services. There are also high limits for credit and debit card purchases of bitcoins. These high limits come with comparable fees. The platform itself is multilingual as it caters to a large global market.
|Cryptocurrencies||Die Plattform vertreibt Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos e EOS;|
|Commissions and fees||A 5% service fee is charged when using credit or debit cards. The platform also charges 3.90% for the purchase of coins and 0.9% for their sale;|
|Method of payment||Credit/debit cards and bank transfers; supports SEPA and SWIFT payments;|
|Security||Coinmama is a reputable company with a secure website that uses Trust Guard and Comodo technologies. Both services have confirmed that 256-bit SSL encryption is actively used on pages containing personal information;|
This is another ideal exchange for beginners because of its intuitive user interface and global reputation. The downside is that users must have their own crypto-currency wallet. This isn't a bad thing, just a little more inconvenient, especially for new users. Another factor to consider is that the support available is somewhat lacking and doesn't offer as much practical help as other providers.
This exchange was founded in 2015 and is based in the United States. The first thing you need to know about this platform is that it serves as many countries as possible, but mostly Europe and the US. This system, which calls itself the "Uber" of crypto-currency exchanges, has a very simple model. The security is of good quality and the fees for using the services are quite low.
The main feature of Paxful is that it is another P2P exchange. Each trader on the platform creates their own portfolio with information about their respective trades. This way, you can verify who you're trading with and make sure it's a trustworthy candidate.
The biggest drawback is that traders can only sell bitcoins on this platform. There are many different payment methods and several currencies are accepted to buy bitcoins, but you can only sell bitcoins. There is no purchase fee, but a fixed fee of 1% for each sale. Even with all the payment services that Paxful accepts, the more obscure ones are likely to have higher fees in the form of reduced currency conversion rates.
|Cryptocurrencies||Bitcoin and Tether;|
|Commissions and fees||Commissions are charged for the sale of cryptocurrencies: 0.5% for bank transfers; 1% for debit cards and e-payments; 3-5% for gift cards; No commission is charged for purchasing cryptocurrencies; Paxful charges a transfer fee for sending funds to an external wallet.0 9.99 - $9.99 = 0.0001 BTC $10 - $19.99 = 0.0002 BTC More than $20 = 0.0005 BTC;|
|Portfolio||The Paxful Wallet app makes it easy to store and manage coins in your mobile crypto-currency wallet;|
|Method of payment||Over 300 ways to purchase coins, including bank transfer, credit and debit cards, PayPal, Western Union and even Amazon, iTunes or Steam gift cards;|
|Security||The security of the system is guaranteed by two-factor authentication, bonding and the mandatory verification procedure when working with large quantities;|
|Application mobile||Paxful wallet for Android and iOS.|
HitBTC, based in Denmark, was founded in 2013. The main purpose of this exchange is the large number of assets available for its clients. There are reportedly over 800 pairs that you can trade. This allows you to trade some of the most obscure and lesser known crypto options in the world. This is great for diversifying your investments and getting small increments on each option.
They offer a demo account to test the platform and various other features to make the exchange even more exciting. One of the most important features that this exchange claims to have worked hard on is the security of its customers. This is, of course, an essential part of any online trading experience. They have great liquidity and allow for high volume trading.
HitBTC only allows you to deposit certain crypto-currencies and does not accept fiat options for them. However, HitBTC does offer a built-in system that allows you to purchase these crypto-currencies with debit or credit cards as a deposit. Overall, this is a highly rated exchange, and for good reason.
|Cryptocurrencies||800 currency pairs are traded on the platform today;|
|Commissions and fees||No commission for deposits and a fixed commission for withdrawals, depending on the currency. HitBTC uses a tiered system to calculate transaction fees. The more transactions a user makes, the lower your commission;|
|Portfolio||No crypto-currency wallet;|
|Method of payment||The HitBTC exchange can only be topped up with digital currency;|
|Security||The platform offers 2-factor authentication, state-of-the-art encryption technology and cold storage of funds;|
There are many good crypto-currency exchanges on the internet. Hopefully, you now know what some of these platforms offer and which ones are the best for you.