Best cryptocurrency exchange India 2021
The extraordinary power of digital assets
The cryptocurrency itself has only been around since 2009. Since its introduction, countless new currencies have appeared, adding to the long list of options available today. This has created a great deal of interest in cryptocurrency trading, the prices of which rise and fall dramatically in the market.
In the early days of cryptocurrency, the values of the various currencies, especially bitcoin, fluctuated in all directions. As purely digital assets, no direct value could be attributed to them. This meant that their prices fluctuated wildly in the early years. Although this market still has potential for big moves, it has calmed down a bit in recent years.
The increased stability of currencies has led to a greater number of traders becoming interested in the market. One of the most popular ways to do this is through trading. In these cases, traders trade one asset for another through the market and hold them for a long time to profit from the moving values. Not surprisingly, this has led to an increase in the number of new exchanges around the world.
As the market adapts, so do the exchanges that are available to you.
What is a cryptobag?
To review a stock exchange, you need to know how it generally works.
A cryptocurrency exchange is a platform where you can exchange one cryptocurrency for another. Most exchanges also allow you to exchange your digital assets for other types of assets, such as regular fiat currencies.
Basically, the process is quite simple to understand. You just log on to one of these platforms, enter the currency and the amount you have and want to trade, and start trading. You are dealing with real people and trading real assets with them. You can then trade the new assets with other people or hold them until their value increases.
These digital currencies behave just like other commodities in the market. They trade at fair market value, which is influenced by a number of external factors, especially supply and demand. Since cryptocurrencies have no real value, prices are largely influenced by these external factors.
To top up your account on a cryptocurrency exchange, you need a cryptocurrency wallet. This is where you store your own coins and then you can take them to the exchange. You can fill this wallet with any coin that is accepted on the exchange, mainly some form of crypto. For this reason, most major exchanges offer cryptocurrency wallets through their own system to help users protect their funds.
Once you have loaded this amount into the exchange, enter a buy or sell order into the system. This is commonly called an order book. All buy and sell orders are posted here so that other traders can check what has occurred. It is essentially a service that brings interested parties together. When a party sees a buy or sell order that it wants to participate in, it places that order. Each exchange will manage its market slightly differently.
Factors influencing the value of cryptocurrencies
Digital assets are not based on a tangible resource and have a volatile value.
Before jumping into the big cryptocurrency exchanges, take some time to analyze what factors have the greatest impact on cryptocurrencies. While this list can never be exhaustive, it is beneficial to learn 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 figure for a coin and a major reason why it is so highly valued. When this limit is reached, which will happen very soon, there will be fluctuations as coin owners ponder what will happen when no more coins are 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 depends on other factors, such as the overall benefits offered by each coin and the regulations affecting the different currencies. If you know the interest in these currencies, you can predict the degree of demand that 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, the use of these currencies may be restricted by regulations. This will understandably affect the demand for these assets, as they lose some of their real value. The integration of cryptocurrencies 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 more factors that influence the value of these assets, so take these into account
Review of the bag
Today there are many cryptocurrency exchanges and it is more difficult than ever to choose. Each exchange has a similar offering, but with its own makeup. Understanding what to expect from some of the best options will help you find the one that best suits the way you trade.
A big part of a good cryptocurrency exchange is the level of security it offers its customers. This is especially important in an online environment, which is the vast majority of them. How different exchanges handle this is a good indicator of how reliable they are and what you can trust.
The market environment can be an important factor in your 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 mainly based in the United States and operates with all the necessary regulations that make it certified and reliable. They offer two different accounts, a standard and a pro version.
Coinbase has quite high commissions unless you use the professional account. This professional account also offers more charting features and even some extensive indicators that track subtle changes in the market. They offer a range of different cryptocurrencies, but there is a good selection available.
Despite the variety they offer, there are other exchanges that offer even more variety than these. Coinbase's system is intuitive to use, so even new users can find their way around with relative ease. Insurance policies are also offered to customers to protect their crypto wallets.
Overall, this is certainly a very comprehensive cryptocurrency exchange that offers all the necessary options, especially for new users. With all the bells and whistles included, you can be sure that you are in a good environment to work with crypto.
|Cryptocurrencies||23 types of digital currencies.|
|Commissions and fees||For all transactions under $200, the following interest rates apply:$0.99 - for transactions under $10;$1.49 - for transactions from $10 to $25;$1.99 - for transactions from $25 to $50;$2.99 - for transactions from $50 to $200.For transactions over $200, a fixed interest rate comes into play. Its amount depends on the method of payment.|
|Cartera||Free on mobile and online. The advantage of this wallet is that transactions can be made outside the blockchain.|
|Form of payment||You can make deposits and withdrawals with a bank card, by bank transfer and with various 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 by AES-256 encryption; Only 2% of your customers' cryptocurrency funds are stored online and secured in case of loss;|
|Mobile application||Mobile applications for Android and iOS;|
This crypto exchange has been around since 2017 and, being a relatively new company, has managed to expand its offering considerably. Perhaps the main attraction of this exchange is that it has deliberately focused its offering on a wide range of different cryptocurrencies, including more than 150 options. There are even some fiat currency options, but they are much more limited than existing cryptocurrencies.
Binance has become one of the biggest names in the global forex market, trading huge volumes every day. The diversity of assets and low commissions have made it more than competitive globally. This has resulted in a significant user base and the company continues to grow at an impressive rate.
Users can make deposits with cryptocurrencies or a handful of fiat currencies that Binance allows. This is an often underestimated advantage that allows easier access for users around the world. Perhaps the only real drawback to this exchange is that it has a somewhat more complex structure than other exchanges and is perhaps best suited for those who already have experience with cryptocurrency systems such as these.
|Cryptocurrencies||740 different crypto and fiat pairs, including the NBB token itself;|
|Commissions and fees||Binance offers competitive trading fees (commissions): 0.1% on each side of the trade or 0.075% when using your Binance tokens (BNB);|
|Cartera||Trust Wallet mobile application;|
|Form 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 to monitor and protect against threats in a decentralized data exchange environment.|
|Mobile application||A free app is available in the Google Play Store or the App Store.|
The Kraken crypto-exchange was founded in 2011. After its relatively early beginnings, this group quickly became one of the most popular exchanges in the euro market. They are very reasonably priced and offer a good mix of altcoins and fiat currencies to trade. This offering may not be their strong point, but they do offer other resources to help you.
Among the features offered by Kraken are impressive charting tools and even margin trading. This exchange is also aimed at experienced users and its interface may seem complicated for beginners. This may be the exchange to switch to once you understand more about the experience and how to manage these trades.
This is certainly a high-end PBX with all the important features to support the most advanced users. One notable drawback is that there are not many payment options that you can use to fund your account. There are ways around this, but it is still a disadvantage for some.
|Cryptocurrencies||There are 8 tokens available for trading;|
|Commissions and fees||For transactions of less than 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;|
|Cartera||No cryptocurrency wallet is offered on the website;|
|Form of payment||Cryptocurrency wallets and money transfers via bank transfer. Deposits/withdrawals via bank cards are not possible;|
|Security||The exchange offers users two-factor authentication (2FA), PGP encryption and a global configuration lock that prevents changes to the account within a certain period of time;|
|Mobile application||Kraken Pro and Kraken Futures trading applications.|
Around the same time as many other exchanges, Bittrex was first introduced in 2014. Perhaps the biggest advantage this exchange offers its users is the wide range of different assets they can trade. This allows for significant diversification of their market strategies.
Like many of the major cryptocurrency exchanges, Bittrex has system-connected wallets that can be used to securely store any currency. They also have extensive security features and technologically advanced software that protect these online wallets and the platform itself.
|Cryptocurrencies||More than 250 trading pairs are available;|
|Commissions and fees||Withdrawals to a bank account are possible with an international bank transfer, and for euros a SEPA. The withdrawal fee depends on the chosen cryptocurrency: in Bitcoin it is 0.0005 BTC, in Ethereum - 0.00600000 ETH. The website has a fixed trading commission of 0.25% of the total value of the order;|
|Cartera||There is no cryptographic wallet;|
|Form of payment||Banküberweisungen, Kredit-/Debit;|
|Security||Two-factor authentication (2FA); IP verification requiring email confirmation of new IP address entry; IP whitelisting; cold storage for 80%-90% of goods;|
|Mobile application||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 and futures contracts, the latter more akin to binary trading than regular trading. In the case of futures, they also offer leverage, allowing you to both make money quickly and lose money quickly. This environment is perhaps more suitable for more experienced users.
Bitmex offers good security, but the registration process is almost too simple. This is a justifiable trade-off between added convenience and some additional risk. Overall, this cryptocurrency exchange has become a popular choice, especially for margin trading.
|Cryptocurrencies||55 trading pairs;|
|Commissions and fees||BitMEX does not charge any fees for deposits or withdrawals. When withdrawing BTC, a minimum Bitcoin network commissions for buyers are 0.0.075% of the total order value, while manufacturers receive an additional 0.025% for each transaction;|
|Cartera||BitMEX cryptocurrency portfolio;|
|Form of payment||Apart from cryptocurrencies, BitMEX does not accept any other type of deposit;|
|Security||Funds are stored in cold wallets; Two-factor authentication; Registration through SMS notifications; Multiple signature Wallets for transactions; Email communication is encrypted with PGP;|
|Mobile application||BitMEX Mobile will be launched in September 2020.|
It was founded in late 2012 and is one of the first cryptocurrency exchanges in history. The company has been a trend setter since the beginning and is now known for the margin trading it offers to its users. The leverage they offer here allows for significant investment in the market. Like all margin exchanges, it can be a risky venture, but if traded well, it can be very rewarding.
Bitfinex does not have the largest number of assets that can be traded, but it does have some fiat currency options, which it introduced in 2015 to bring some variety to its cryptocurrency market. This exchange is also available to users around the world.
|Cryptocurrencies||More than 140 currencies and 300 trading pairs;|
|Commissions and fees||There are no additional payments for deposits and withdrawals in digital currencies. When depositing dollars, you have to pay a commission of 0.1%, but not less than $20;The minimum commission for withdrawing fiat money is $60;With a minimum turnover of currencies per month, the trading commission is 0.1% for the originator and 0.2% for the borrower;|
|Cartera||Users can choose from three portfolios: the exchange portfolio, the margin portfolio and the financing portfolio;|
|Form of payment||In addition to cryptocurrencies, users can also make bank transfers and cash withdrawals with the card.|
|Security||Only 0.5% of cryptoassets are held online to support daily transactions. The rest of the coins are stored in cold wallets out of hackers' reach. Manual approval from several members of the management team is required to make these wallets available;|
Another cryptocurrency exchange, Localbitcoins, started in 2012. It is a unique exchange service that does not focus on volume trading, but operates as a peer-to-peer (P2P) service. This means that, although they operate globally, their users have traditionally had more local trading experiences.
On this platform you can meet other traders and trade your trades. They provide a deposit account to facilitate these trades and maintain strict portfolios for their members. This creates an environment of trust, especially for new traders who are not yet interested in high trading volumes. Exchange rates on Localbitcoins 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 flat 1% commission on each sale.|
|Form of payment||Bank transfers, bank cards, electronic systems;|
|Security||Transaction security is ensured by the escrow method, which has proven to be extremely effective; user accounts are protected by two-factor authentication.|
Since 2014, Poloniex has developed well in its role as a crypto-exchange. The offering includes more than 100 cryptocurrency pairs and a secure environment where users can manage their transactions. Fees are also relatively low, with certain factors influencing these costs. One such factor is trading volume, as higher volume is rewarded with lower fees.
They also share the share of makers and takers in the market. A maker creates the position and a taker closes it. Makers have fewer quotas, which likely translates into more positions available to other users. There are also other features to help users navigate the platform, from live chat boxes to data analysis tools.
|Cryptocurrencies||More than 100 currency pairs|
|Commissions and fees||All deposits are possible without additional fees;Withdrawal fee is fixed and depends on the type of cryptocurrency;Trading fees are from 0 to 0.25%; manufacturer's fee from 0 to 0.15%; borrower's fee from 0.1 to 0.25%;The higher the volume of completed transactions in a month, the lower the fee for all completed transactions thereafter;|
|Form of payment||Topping up an account with a bank card or withdrawing to a card is not possible for users in some countries;|
|Security||The administration strongly recommends that you provide your account with two-factor authentication;|
|Mobile application||Available in.|
Kucoin is a Singapore-based exchange that was founded just in 2017. Compared to many major platforms, it is a young company. However, the developers behind this company certainly have no shortage of experience in the field of cryptocurrencies and demonstrate this experience 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 says they use 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 is perhaps too early in the career of this young cryptocurrency exchange to say how secure it all is.
|Cryptocurrencies||More than 200 currencies and more than 450 trading pairs;|
|Commissions and fees||All deposits are free on the website and there is a flat fee for withdrawals. KuCoin offers a flat trading fee of 0.10%, which is lower than the industry average.|
|Cartera||Website internal cryptographic wallet;|
|Form of payment||A variety of payment methods supported by fiat P2P services;|
|Security||The Exchange offers you the option to set up two-factor authentication through Google Authenticator.|
|Mobile application||Available in.|
They have a number of contact options for their support team and in a selection of different languages. For companies that have not been in business as long as many of the others, there is still some risk. However, the longer Kucoin goes without dramatic incidents or security breaches, the more confidence it will generate among traders around the world.
It is an Austrian-based exchange that started in 2014. It was originally called Coinimal, but has since been renamed Bitpanda. Their 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 they do, it seems to be working, because they currently have over a million users.
Although focused on cryptocurrencies, Bitpanda also offers the ability to trade certain metals such as silver and gold. They also have several tools and features that make it even easier to buy cryptocurrencies. This includes a fully automated trading platform. You can trade cryptocurrencies and metals, all with the security that they are protected by Switzerland.
Apart from that, Bitpanda has many other branches that open up interesting sides of the market to discover. These help you save better, trade with higher volume and even come with their own Bitpanda tokens. Like other internal tokens, they can be used to gain various benefits, such as reduced commissions when trading. The fees for this exchange are relatively low.
|Cryptocurrencies||Bitcoin, Ethereum and more than 30 other digital assets;|
|Commissions and fees||The commission for trading service depends on the type of currency and type of transaction. When buying bitcoins 1.49% is paid, when selling - 1.29%; the commission for recharge and withdrawal is fixed for each currency and is charged to the account;|
|Cartera||Bitpanda cryptocurrency wallet|
|Form of payment||You can make a deposit by bank transfer, credit card or electronic payment systems;|
|Security||Bitpanda refers to systems that independently manage the user's wallet keys. 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; email authentication and validation;|
CoinMama is another good exchange. This company, which started in 2013 during the golden age of cryptocurrency exchanges, has used its experience to its advantage. It is important to note that while it is still technically an exchange, there is no actual exchange possible. Instead, you buy and sell cryptocurrencies on and from Coinmama itself.
They offer a decent selection of payment methods and services. There are also high limits for bitcoin purchases with credit or debit cards. These high limits are accompanied by comparable fees. The platform itself is multilingual, as it targets a large global market.
|Cryptocurrencies||Una plataforma vende Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos y EOS;|
|Commissions and fees||A 5% service fee applies when using credit or debit cards. In addition, the platform charges 3.90% for the purchase of coins and 0.9% for their sale;|
|Form of payment||Credit/debit cards and bank transfers; supports SEPA and SWIFT payments;|
|Security||Coinmama is a reputable company with a secure website using Trust Guard and Comodo technologies. Both services have confirmed that 256-bit SSL encryption is actively used on pages containing personal data;|
This is another exchange that is ideal for beginners because of its intuitive interface and worldwide reputation. One of the disadvantages is that users have to have their own crypto wallets. This is not a bad thing, just a bit more cumbersome, especially for new users. Another factor to consider is the fact that the support available is not as good as with other providers.
This exchange was established in the United States in 2015. The first thing you should know about this platform is that it provides service in as many countries as possible, mainly in Europe and the United States. This system, which calls itself the "Uber" of cryptocurrency exchanges, has a very simple model. The security is of good quality and the respective fees for using its services are quite low.
The main feature of Paxful is that it is another P2P exchange. Each trader on the platform develops his own portfolio with the information of his respective trades. This way, you can check who you are trading with and make sure that they are a trustworthy candidate.
The biggest disadvantage is that the operators of this platform only sell bitcoin. There are many different payment methods and they accept a number of currencies that you can use to buy bitcoin, but you can only sell bitcoin. There are no purchase fees, but there is a flat 1% fee 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 conversion rates for bitcoins.
|Cryptocurrencies||Bitcoin y Tether|
|Commissions and fees||Fees are charged for cryptocurrency sales: 0.5% for bank transfers; 1% for debit cards and electronic payments; 3-5% for gift cards; No fees are charged for cryptocurrency purchases; Paxful charges a transfer fee for sending funds to an external wallet.$0 - $9.99 = 0.0001 BTC $10 - $19.99 = 0.0002 BTC Over $20 = 0.0005 BTC.|
|Cartera||The Paxful Wallet app makes it easy to store and manage coins with its mobile cryptocurrency wallet;|
|Form of payment||Over 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 the mandatory verification procedure when working with large volumes.|
|Mobile application||Paxful Wallet for Android and iOS.|
HitBTC, based in Denmark, came to the market in 2013. The main focus of this exchange is the large number of assets available to its customers. Reportedly, there are over 800 pairs that you can trade with. This allows you to trade some of the most obscure and lesser-known cryptocurrencies in the world. It is ideal for diversifying your investments and benefiting from small increments between assets.
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 claims to have worked hard on is the security of their customers. This is, of course, an essential part of any online trading experience. They have great liquidity and allow for large volumes to be traded.
HitBTC only allows you to deposit certain cryptocurrencies and does not accept fiat options for this purpose. However, they do offer an integrated system that allows you to buy and deposit these cryptocurrencies with debit or credit cards. Overall, this is a highly valued exchange, and for good reason.
|Cryptocurrencies||Currently, 800 currency pairs are traded on the platform;|
|Commissions and fees||There are no commissions for deposits and a fixed commission for withdrawals, depending on the currency; HitBTC uses a multi-tier system for calculating commissions on trades. The more a user trades, the lower his commission;|
|Cartera||There is no cryptocurrency portfolio;|
|Form of payment||The HitBTC exchange can only be reloaded with digital currency;|
|Security||The platform offers two-factor authentication, high-quality encryption technology and cold storage of funds;|
There are many good cryptocurrency exchanges on the Internet. Hopefully you now know what some of these platforms offer and which one is best for you.