Best cryptocurrency exchange India 2021
The Extraordinary Power of Digital Assets
The cryptocurrency itself has only been around since 2009. Since its inception, a number of new coins have emerged to add to the long list of options now available. This has sparked a lot of interest in cryptocurrency trading as their prices rise and fall dramatically in the market.
In the early days of cryptocurrencies, the values of the various currencies, particularly bitcoin, varied greatly. Because they were entirely digital assets, there was no direct value that could be assigned to them. This meant that their price fluctuations were very high in the early years. While there is still the potential for large movements in this market, it has stabilized somewhat in recent years.
More stable currencies have led to even more traders becoming interested in the market. One of the most popular methods is currency exchange. In this case, traders exchange one asset for another on the market and hold them for a long period of time to profit from the change in values. Not surprisingly, this has led to a surge of new exchanges around the world.
As the market adapts, so do the grants available to you
What is a cryptocurrency exchange?
To review the exchanges, you need to know how they work in general
A cryptocurrency exchange is a platform that allows you to exchange one cryptocurrency for another. On most exchanges, you can also exchange your digital assets for other types of assets, such as regular fiat currencies.
Basically, the process is simple enough to understand. You simply log on to one of these platforms, enter the currency and the amount you have and want to trade, and start trading. You deal with real people and exchange real goods with them. You can then trade these new goods with other people or keep them until their value increases.
These digital currencies operate largely like other assets in the market. They trade at roughly their fair market value, which is influenced by many external factors, primarily supply and demand. Since cryptocurrency is unique in that it has no real value, prices are largely influenced by these external factors.
To fund your cryptocurrency exchange account, you need a cryptocurrency wallet. Here you keep the coins you hold and can then transfer them to the exchange market. You can fill this wallet with any currency that is accepted on the exchange, usually a type of cryptocurrency. For this reason, most major exchanges offer cryptocurrency wallets through their own system, which helps users protect their balances.
Once that amount has been loaded into the exchange, you submit a buy or sell order to the system. This is commonly known as the order book. All the buy and sell orders are placed there so that other traders can see what is happening. It is basically a service that connects the parties involved. When one party sees a buy or sell order that they want to be a part of, they place an order. Each stock exchange will manage its market in a slightly different way.
Factors that affect the value of cryptocurrencies
Digital assets are not based on tangible assets and have variable value.
Before jumping into the major cryptocurrency exchanges, it is worth taking some time to look at what factors have the greatest impact on cryptocurrency values. While this list can never be truly exhaustive, there are benefits to better understanding 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 is a big reason why they are so highly valued. As this limit is reached, which is very close, there will be fluctuations as the owners of the currency wonder what will happen when there are no more coins that can be put into circulation.
- 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 cryptocurrency will vary depending on still other factors, such as the overall benefits each provides and the regulations affecting different currencies. Being aware of the level of interest in these coins will help predict the extent to which 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 understandably affect the demand for these goods, as they lose some of their real value. The integration of cryptocurrencies will constantly change and grow, which will pull and push value to 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 even more factors that affect the value of these assets, so please pay attention to
Stock market overview
There are many cryptocurrency exchanges available today and the choice is harder than ever. Each exchange has a similar offering, but with its own unique composition. Understanding what to expect from some of the best ones will allow traders to find the ones that work best for the way they want to trade.
A big part of a good cryptocurrency exchange is the level of security it provides to its customers. This is especially important in an online environment, which is most of the time. How you handle that exchange is a good indicator of how much you can trust and rely on them.
Your market environment can be a significant 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 primarily based in the United States and operates with all the necessary regulations that make it certified and trustworthy. They offer two different accounts, a regular and a pro version.
Coinbase has fairly high fees, unless you use their pro account. This pro account also allows for more charting options, and even some powerful indicators that track subtle changes in the market. However, they offer a number of different cryptocurrencies, so there is plenty of choice.
While they offer this range, there are other exchanges that offer even more variety. The Coinbase system is intuitive to use, so even new users will be able to navigate it with relative ease. There are also insurance policies available to help protect customers' cryptocurrency wallets.
Overall, this is certainly a comprehensive cryptocurrency exchange that offers all the necessary options, especially for new users. With all the bells and whistles that are included here, you can be sure that you are in a good environment to work with cryptocurrencies.
|Cryptocurrencies||23 types of digital currencies.|
|Commissions and fees||All transactions under $200 have the following fees: $0.99 - for transactions under $10;$1.49 - for transactions between $10 and $25;$1.99 - for transactions between $25 and $50;$2.99 - for transactions between $50 and $200.For transactions over $200, a fixed interest rate comes into play. Its amount depends on the payment method.|
|Portfel||Free mobile and online. The advantage of this wallet is that transactions can be made off-chain.|
|Payment method||Funds can be deposited and withdrawn by bank card, bank transfer, and a number of payment systems. SEPA transfers are available for EU residents;|
|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 against loss;|
|Mobile Application||Mobile applications for Android and iOS.|
This cryptocurrency exchange first appeared in 2017. As a relatively new company, they have still managed to significantly increase their offering. Perhaps the main advantage of this exchange is that it has deliberately focused on a wide range of different cryptocurrencies, including over 150 options. There are even coin options available, but these are much more limited than cryptocurrencies.
Binance has become one of the biggest names in the global foreign exchange arena, where large volumes are traded daily. The variety of assets and low fees have made it more than competitive around the world. This has led to a significant user base and as a result the company continues to grow and at an impressive pace.
Users can make deposits using cryptocurrencies or various fiat currencies that Binance allows. This is an often underrated advantage that serves to make it easier for users around the world to access. Perhaps the only real disadvantage of this exchange is that it has a slightly more complicated layout than some other exchanges, and is perhaps best suited for those who have experience with such cryptocurrency systems.
|Cryptocurrencies||740 different pairs of cryptocurrencies and fiat currencies, including BNB's own token;|
|Commissions and fees||Binance offers competitive transaction fees (commissions): 0.1% on each side of the transaction or 0.075% if you use your Binance (BNB) tokens;|
|Portfel||Trust Wallet mobile application;|
|Payment method||Bank transfer, debit/credit cards, various P2P payment channels;|
|Security||The exchange has launched the CryptoSafe Alliance (CSA). The initiative will bring together exchanges, blocking protocols, cybersecurity experts, and compliance firms. It is the first comprehensive threat monitoring and protection tool in a decentralized exchange environment;|
|Mobile Application||The free app is available from the Google Play Store or the App Store.|
The cryptocurrency exchange Kraken was first launched in 2011. After a relatively early start, the group has quickly become one of the most popular exchanges on the euro market. They are highly rated and offer a good mix of altcoins as well as options for trading fiat currencies. This range of assets may not be their strongest point, but they do offer other features that help in this regard.
Some of the features Kraken offers include impressive charting instruments and even margin trading. This exchange is also aimed at more experienced users, and its interface can seem complicated to beginners. Perhaps this is the exchange you will transfer to once you understand more about the experience and how to manage these trades.
This is definitely a high-end exchange with all the important features that sustain the most advanced users. One drawback is that there are not as many payment options that can be used to deposit into your account. There are ways around this problem, but it is still a drawback for some.
|Cryptocurrencies||There are 8 chips available for trading;|
|Commissions and fees||Transactions of less than 50,000 units of a currency are subject to a commission of 0.16% for the seller and 0.26% for the buyer; for amounts above 50,000 units, the commissions are reduced to 0.14% and 0.24% respectively;|
|Portfel||No cryptocurrency wallets are offered on the site;|
|Payment method||Cryptocurrency wallets and money transfers via bank transfer. Deposit/withdrawal via bank cards is not available;|
|Security||The exchange offers users two-factor authentication (2FA), PGP encryption, and a global settings lock that prevents any changes to the account within a certain period of time;|
|Mobile Application||Kraken Pro and Kraken Futures trading applications.|
Bittrex was created around the same time as many other exchanges, having first been introduced in 2014. Perhaps the biggest advantage of this exchange is the wide range of different assets that can be traded. This allows for important diversification of your strategy in the market.
Like many other top-tier cryptocurrency exchanges, Bittrex has wallets in its system that can be used to securely store any currency. It also has extensive security features and high-tech software to protect these online wallets and the platform itself.
|Cryptocurrencies||More than 250 pairs of stores are available;|
|Commissions and fees||Recharge in euro is possible via: SEPA; international bank transfer; bank card. Fiat can be made to a bank account by international bank transfer, and in the case of euro, the SEPA is supported. The withdrawal fee depends on the chosen cryptocurrency: in bitcoin is 0.0005 BTC, in Ethereum - 0.00600000 ETH. The site has a fixed trading fee of 0.25% of the total value of the order;|
|Portfel||No cryptocurrency wallet;|
|Payment method||Bank transfers, credit/debit cards;|
|Security||Two-factor authentication (2FA);IP verification, which requires incoming email confirmation of a new IP address; IP whitelisting; Cold storage for 80%-90% of assets;|
|Mobile Application||There are two apps for Android and iOS, respectively: Bittrex Global and Bittrex.|
Bitmex started in 2014 and has grown rapidly with tempting margin trading offers. It offers both perpetual contracts and futures, the latter being more akin to binary trading than regular trading. In the case of futures, they also offer leverage, which can be both a powerful way to make money quickly and a quick way to potentially lose it all. This is perhaps a more suitable environment for more experienced users.
Bitmex has good security, but its registration process is almost too simple. It is a reasonable compromise between added convenience and some additional risk. Overall, this cryptocurrency exchange has become a popular option, especially for margin trading.
|Cryptocurrencies||55 commercial pairs;|
|Commissions and fees||BitMEX does not charge any deposit or withdrawal fees. 075% of the total order value, while the creators receive an additional 0.025% on each trade;|
|Portfel||BitMEX cryptocurrency wallet|
|Payment method||Besides cryptocurrencies, BitMEX does not accept any other deposits;|
|Security||Funds are stored in cold wallets;two-factor authentication; registration via SMS notifications;multiple signatures wallets for transactions; email communications are encrypted using PGP encryption;|
|Mobile Application||BitMEX Mobile will be launched in September 2020.|
Founded in late 2012, it is one of the first cryptocurrency exchanges. A trendsetter since its inception, it is now known for the hedging deals it offers its users. Leverage allows for significant investments in the market. Like any margin trading, it can be a risky venture, but with good trading it can be very profitable.
Bitfinex does not have the largest amount of assets to trade, but it does have several coin options that it introduced in 2015 to diversify its cryptocurrency market. This exchange is also available to users worldwide.
|Cryptocurrencies||More than 140 currencies and 300 trading pairs;|
|Commissions and fees||There are no additional fees for deposits and withdrawals in digital currencies. When depositing $, you must pay a fee of 0.1%, but not less than $20; the minimum fee for withdrawing money from fiat is $60; with a minimum coin movement per month, the trading fee is 0.1% for the creator and 0.2% for the acceptor;|
|Portfel||Users are offered three portfolios to choose from - Foreign Exchange Portfolio, Margin Portfolio, and Funding Portfolio;|
|Payment method||In addition to cryptocurrencies, users are offered bank transfers and card withdrawals;|
|Security||Only 0.5% of cryptocurrency assets are stored online to support daily transactions. The rest of the coins are stored in cold wallets, out of reach of hackers. It requires manual authorization from several members of the administrative team to make these wallets available;|
Another early starter in the cryptocurrency exchange game, Localbitcoins started in 2012. It is a unique exchange service because, rather than focusing on volume trading, it operates as a peer-to-peer (P2P) service. This means that while it operates globally, its users have traditionally had a more local trading experience.
Through this platform, you can meet other traders and negotiate their trades. To facilitate these trades, you provide an escrow account and maintain accurate portfolios of your members. This creates an environment of trust, especially for novice traders who are not yet interested in trading on a large scale. Localbitcoins exchange rates can be a bit higher compared to other options.
|Commissions and fees||The site receives no commission from the buyer. A commission of 1% of each sale is set for the sellers.|
|Payment method||Bank transfers, bank cards, electronic systems;|
|Security||Transaction security is provided by the escrow method, which has proven to be very effective; users' accounts are protected by two-factor authentication.|
As of 2014, Poloniex has performed well as a cryptocurrency exchange. Their offering includes over 100 cryptocurrency pairs and a secure environment for users to manage their transactions. Fees are also relatively low, with certain factors influencing these costs. One such factor is the volume you trade, with higher volume rewarded with lower fees.
They also split the fee between brokers and buyers in the market. The originator creates the position and the taker closes it. Brokers have lower fees, which will likely increase the number of positions for other users. In addition, there are other features that support users as they navigate the platform, from live chat to data analysis tools.
|Cryptocurrencies||More than 100 currency pairs;|
|Commissions and fees||All deposits are allowed without any additional fees; Withdrawal fee is fixed and depends on the type of cryptocurrency; Trading commission ranges from 0 to 0.25%; Producer commission ranges from 0% to 0.15%; Receiver commission ranges from 0.1% to 0.25%; The higher the number of transactions completed in a month, the lower the commission for all transactions completed subsequently;|
|Payment method||Topping up with a bank card or withdrawing to a card is not available for users in some countries;|
|Security||The administration strongly recommends that you add two-factor authentication to your account;|
|Mobile Application||Available at.|
Kucoin is a Singapore-based exchange that only launched in 2017. Relative to many of the major platforms, it is a young company. Despite this, the developers behind this company certainly have no shortage of experience in cryptocurrencies and they demonstrate this knowledge in their platform. As a result, it has grown rapidly and is now used in several countries around the world.
In terms of security, Kucoin said it uses systems on par with banks, creating an environment that is protected at the highest level. This is done through extensive encryption and multi-level authentication. This is impressive, but perhaps it is too early in the career of this young cryptocurrency exchange to say how secure it all is.
|Cryptocurrencies||More than 200 currencies and over 450 trading pairs;|
|Commissions and fees||All on-site deposits are free and there is a flat fee for withdrawals; KuCoin offers a flat trading commission of 0.10%, which is lower than the industry average.|
|Portfel||The inside of a cryptocurrency wallet;|
|Payment method||Variety of payment methods supported by P2P fiat services;|
|Security||The Exchange offers you the ability to establish two-factor authentication via Google Authenticator.|
|Mobile Application||Available at.|
You have several options for contacting the support team, all in different languages. There is a certain amount of risk involved with companies that have not been around as long as many others. However, the longer Kucoin continues to operate without dramatic incidents or security breaches, the more confidence it inspires in merchants around the world.
This is an Austria-based exchange that launched in 2014. It was originally called Coinimal, but has since changed to Bitpanda. Their entire mission is to make cryptocurrency trading as easy as possible for everyone. They use an intuitive platform that is easy to access and navigate. Whatever it does, it seems to be working, as they currently have over a million users.
Although their main focus is on cryptocurrency, Bitpanda also offers trading of some metals, such as silver and gold. They also have several tools and features that make buying cryptocurrencies even easier. Among them is a fully automated trading platform. You can trade both cryptocurrencies and metals, all with the secure knowledge that they are backed by Switzerland.
In addition, Bitpanda has many other branches that open up interesting sides of the market to explore. They help you save better, trade in larger volumes, and even have their own Bitpanda tokens. Like other in-house tokens, these can be used for various benefits, such as reduced fees during trading. The fees for this exchange are relatively small.
|Cryptocurrencies||Bitcoin, Ethereum, and more than 30 digital assets;|
|Commissions and fees||Commission for trading service depends on the type of currency and the nature of the transaction. When buying bitcoin you pay 1.49%, when selling - 1.29%; commission for reloading and withdrawal is fixed for each currency and is debited to your account;|
|Portfel||Bitpanda cryptocurrency wallet;|
|Payment method||Payment can be made by bank transfer, credit card, or electronic payment system;|
|Security||Bitpanda refers to systems that manage the keys to the user's wallet. In addition, the following security measures are offered: Cold storage; session control. Each login attempt from a new device requires confirmation of two-factor authentication; authentication and validation via email;|
CoinMama is another good exchange. Starting in the golden age of cryptocurrency exchanges in 2013, this company has used its experience to its ultimate advantage. It is important to note that while technically it is still an exchange, there is actually no exchange at all. Instead, you buy and sell cryptocurrencies to and from Coinmama itself.
They offer a decent range of options in terms of payment goods and services. There are also high limits associated with buying bitcoin through credit or debit cards. These high limits come with the cost of comparable fees. The platform itself allows for multiple languages, as it is designed for a large global market.
|Cryptocurrencies||Platforma sprzedaje Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos i EOS;|
|Commissions and fees||The use of credit or debit cards carries a 5% service fee. In addition, the platform charges 3.90% for buying coins and 0.9% for selling them;|
|Payment method||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 technology. Both sites have confirmed that 256-bit SSL encryption is actively used on pages containing personal information;|
This is another exchange that is great for beginners because of its intuitive interface and global reputation. The only downside to this is that they require users to have their own cryptocurrency wallets. This is not a bad thing, just a bit more inconvenient, especially for new users. Another factor to keep in mind is that their available support is a bit fussy and doesn't offer as much direct help as others.
This exchange started its operations in 2015, based in the United States. The first thing to note about this platform is that it serves as many countries as possible, mainly in Europe and the United States. Considered the "Uber" of cryptocurrency exchanges, this system has a very basic model. The security is of good quality and the fees associated with using its services are quite low.
The main characteristic of Paxful is that it is another P2P exchange. Each trader on its platform creates his own portfolio, with information about his trades. This allows you to see who you are trading with and make sure it is a credible candidate.
The most notable drawback is that on this platform, merchants only sell bitcoin. There are many different payment methods and they accept a range of currencies that you can use to buy bitcoin, but you can only sell bitcoin. There are no buying fees, but there is a flat 1% fee for each sale. Even with all the payment services that Paxful accepts, for the more complicated ones, there are likely to be higher fees in the form of reduced exchange rates.
|Cryptocurrencies||Bitcoin i Tether;|
|Commissions and fees||A commission is charged on the sale of cryptocurrencies:0.5% for bank transfers;1% for bank cards and electronic payments;3-5% for gift cards;No commission is charged on the purchase of cryptocurrencies;Paxful charges a fee for transferring funds to an external wallet.$ 0 - $ 9.99 = 0.0001 BTC $ 10 - $ 19.99 = 0.0002 BTC Over $ 20 = 0.0005 BTC|
|Portfel||The Paxful Wallet App makes it easy to store and manage coins with a mobile cryptocurrency wallet;|
|Payment method||More than 300 ways to buy coins, including bank transfer, credit and debit cards, PayPal, Western Union, and even Amazon, iTunes, or Steam gift cards;|
|Security||System security is ensured by two-factor authentication, escrow, and a mandatory verification procedure when working with large quantities.|
|Mobile Application||Paxful Wallet for Android and iOS.|
HitBTC, based in Denmark, first appeared in 2013. The main feature of this exchange is the huge amount of assets available to customers. There are more than 800 pairs on which you can trade. This allows you to trade some of the most obscure and lesser known cryptocurrency options in the world. This is great for diversifying your investments and taking advantage of small increments between each of them.
They offer a demo account to test the platform and several other features to make the market even more exciting. One of the most important features that this exchange is working on is the security of their clients. This is obviously an important part of any online trading experience. The exchange has high liquidity and allows significant amounts of trading.
HitBTC only allows you to deposit specific cryptocurrencies and does not accept any fiat options. However, it does offer a built-in system where you can purchase these cryptocurrencies for deposit using debit or credit cards. Overall, this is a very highly rated exchange for good reason.
|Cryptocurrencies||There are 800 currency pairs traded on the platform today;|
|Commissions and fees||No commission on deposits and a flat commission on withdrawals depending on the currency;HitBTC uses a multi-stage system to calculate commissions on trade. The more a user trades, the lower his commission will be;|
|Portfel||There is no cryptocurrency wallet;|
|Payment method||The HitBTC exchange can only be supplemented with digital currency;|
|Security||The platform provides two-factor authentication, high-level encryption technology, and cold storage;|
There are many good cryptocurrency exchanges available online. I hope you now know what some of these platforms offer and which ones might be the best for you.