Best cryptocurrency exchanges India 2021
The incredible power of digital assets
The cryptocurrency itself has only been around since 2009. Since its inception, there have been a plethora of new coins that have joined the long list of options available today. This has sparked a lot of interest in trading cryptocurrencies as their prices in the market have been rising and falling dramatically.
In the early days of cryptocurrencies, the values of various currencies, particularly bitcoin, came and went. Because they are entirely digital assets, no direct value was assigned to them. As a result, their price fluctuations were very large in the early years. While there is still potential for big moves in this market, it has stabilized somewhat in recent years.
More stable currencies have led to even more traders taking an interest in the market. One of the most popular ways to do this is through trading. In this case, traders exchange one asset for another through the market and hold them for a period of time to profit from changing values. Not surprisingly, this has led to an increase in the number of new exchanges available around the world.
The market adapts, and so do the exchanges offered to it.
What is a cryptocurrency exchange?
To review the exchange, you need to know how it typically works
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, it is a fairly simple process to understand. You simply log on to one of these platforms, enter the currency and amount that you have and want to trade and start trading. You are dealing with real people and trading real goods with them. You can then trade your new goods with other people or keep them until their value increases.
These digital currencies work in the same way as other assets in the market. They are traded at approximately their fair market value, which is affected by a number of external factors, primarily supply and demand. Because cryptocurrencies are unique in that they have no real-world value, prices are heavily influenced by these external factors.
To fund your account on a cryptocurrency exchange, you need a cryptocurrency wallet. This is where you store the coins you have and can then move them around the exchange. You can fill this wallet with any coin accepted on the exchange, most often a type of cryptocurrency. This is why most major exchanges offer cryptocurrency wallets through their own systems, which helps users protect their balances.
Once this amount is loaded into the exchange, you place a buy or sell order in the system. This is commonly known as the order book. This is where all the buy and sell orders will be displayed so that other traders can see what is happening. This is basically a service that connects the parties involved. When a party sees a buy or sell order that they want to participate in, they place an order. Each exchange will run their marketplace a little differently.
Factors affecting the value of cryptocurrencies
Digital assets are not based on tangible assets and have variable value.
Before jumping into the biggest cryptocurrency exchanges, it's worth considering the factors that have the biggest impact on cryptocurrency values. While this list can never truly be 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 number of coins that can be minted is 21 million. This is a low number for any coin and is one of the reasons why they are so valuable. When bitcoin reaches this limit, which is very close, there will be fluctuations as the owners of the currency wonder what will happen when there is nothing left to 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 other factors, such as the overall benefits each provides and the regulation of different currencies. Knowing the level of interest in these coins will help predict how much 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.
At other times, regulations may restrict the use of these currencies. This will naturally affect the demand for these commodities as they lose some of their value in the real world. The integration of cryptocurrencies will continue to change and grow, which will pull and push value into 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 also other factors that affect the value of these assets, so pay attention to these
Stock Market Overview
There are many cryptocurrency exchanges today and choosing is harder than ever. Each exchange offers similar offerings, but with their own unique makeup. Understanding what to expect from some of the best ones will allow investors 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 offers its customers. This is especially critical in an online environment, where the vast majority of them are. How these different exchanges approach this issue is a good indicator of how much you can trust them.
Your market environment 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 mainly based in the US 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 fairly high fees unless you use their pro account. The pro account also allows for more charting options and even some enhanced indicators that track subtle changes in the market. They do offer a number of different cryptocurrencies though, so there is plenty of choice.
Despite the variety they provide, there are other exchanges that offer even more variety than this one. The Coinbase system is intuitive to use, so even new users will be able to find their way around quite easily. There are also insurance policies that are available to customers to help protect their cryptocurrency wallets.
Overall, this is certainly a comprehensive cryptocurrency exchange that provides all the necessary options, especially for new users. With all the bells and whistles that are included here, you can rest assured that you are in a good environment to work with cryptocurrencies.
|Cryptocurrencies||23 types of digital works;|
|Commissions and fees||All transactions under $200 are subject to the following fees:$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 comes into play. The amount depends on the method of payment;|
|Portfolio||Free on mobile and online. The advantage of this wallet is that transactions can be made outside the blockchain;|
|Method of payment||Funds can be deposited and withdrawn by bank card, bank transfer and a range 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 their clients' cryptocurrency funds are stored online and are insured against loss;|
|Mobile application||Mobile apps for Android and iOS.|
This cryptocurrency exchange first came out in 2017. Being a relatively new company, they have still managed to expand their offerings significantly. Perhaps the main attraction of this exchange is that they have deliberately focused their offering on a wide range of different cryptocurrencies, including over 150 options. There are even some currency options, but they are much more limited than current cryptocurrencies.
Binance has become one of the biggest names in the global trading arena, with huge trading volumes every day. The variety of assets and low fees have made it more than competitive globally. This has led to a large user base and as a result, the company continues to grow at an impressive rate.
Users can make deposits using cryptocurrencies or the handful of fiat currencies that Binance allows. This is an often underrated advantage that provides easier access for users around the world. The only real downside to this exchange is that it has a slightly more complex structure than other exchanges and is perhaps more suitable for those who have experience with cryptocurrency systems such as these.
|Cryptocurrencies||740 different pairs of ciphers and fiats, 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 symbols (BNB);|
|Portfolio||Mobile Trust Wallet App;|
|Method of payment||Bank transfer, debit/credit cards, various P2P payment channels;|
|Security||The exchange has launched the CryptoSafe Alliance (CSA). The 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 exchange environment;|
|Mobile application||The free app is available in the Google Play Store or App Store.|
The Kraken cryptocurrency exchange was first launched in 2011. After a relatively early start, the group has quickly become one of the most popular exchanges in the euro market. They are highly rated and offer a good mix of altcoins as well as options to trade fiat currencies. This range of assets may not be their strongest point, but they provide other means to achieve this.
Some of the features offered by Kraken include impressive charting tools and even margin trading. This exchange is again aimed at more experienced users and its interface may seem complicated to beginners. This may be the exchange you will move to as you gain a better understanding of the experience and how to manage these exchanges.
It is definitely a high-end exchange with all the important features that support its most advanced users. One noticeable drawback is that there are not as many payment options with which you can deposit money into your account. There are ways to get around this problem, but it is still a drawback for some.
|Cryptocurrencies||8 tokens are available for trading;|
|Commissions and fees||Transactions below 50,000 units of a given currency are subject to commissions 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;|
|Portfolio||A cryptocurrency wallet is not offered on the site;|
|Method of payment||Cryptocurrency wallets and wire transfers. Credit card deposit/withdrawal is not available;|
|Security||The exchange offers users two-factor authentication (2FA), PGP encryption, and a global settings lock that prevents changes to an account for a specified period of time;|
|Mobile application||Les applications de trading Kraken Pro et Kraken Futures.|
Starting around the same time as many other exchanges, Bittrex was first introduced in 2014. Perhaps the biggest advantage that this exchange offers its users is the wide range of different assets that they can trade. This allows them to greatly diversify their strategies in the market.
Like many of the best cryptocurrency exchange options, Bittrex has wallets attached to its system that can be used to safely store any currency. They also have extensive security features and high-tech software to protect these online wallets and the platform itself.
|Cryptocurrencies||More than 250 retail pairs are available;|
|Commissions and fees||Covering your account in Euro is possible through: SEPA; international bank transfer; bank card.Withdrawal of funds in Fiat is possible to your bank account by international bank transfer and, in the case of euros, by SEPA transfer is supported. The withdrawal fee depends on the chosen cryptocurrency: in Bitcoin it is 0.0005 BTC, in Ethereum 0.00600000 ETH. The site charges a flat transaction fee of 0.25% of the total order value;|
|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 whitelists; Cold storage for 80-90% of goods;|
|Mobile application||There are two apps for Android and iOS respectively: Bittrex Global and Bittrex.|
Bitmex started in 2014 and has grown quickly with tempting margin trading offers. They offer both perpetual contracts and futures, with the latter being more akin to binary trading than regular trading. For 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 offers good security, but its registration process is almost too easy. It's a reasonable trade-off between added convenience and some added risk. Overall, this cryptocurrency exchange has become a popular option, especially for margin trading.
|Cryptocurrencies||55 trading pairs;|
|Commissions and fees||BitMEX does not charge any deposit or withdrawal fees. When withdrawing BTC you must deposit a minimum of Bitcoin Network commission applies; Trade commission for takers is 0.075% on the total order value, while manufacturers receive an additional 0.025% on each transaction;|
|Portfolio||BitMEX Crypto Wallet;|
|Method of payment||Other than cryptocurrencies, BitMEX does not accept other deposits;|
|Security||Funds are stored in cold wallets; two-factor authentication; registration via SMS notifications; multi-signature Email communication is encrypted using PGP encryption;|
|Mobile application||BitMEX Mobile was launched in September 2020.|
Founded in late 2012, this cryptocurrency exchange is one of the oldest in existence. A trendsetter since its inception, it is now well known for the trading margin it offers to its users. The leverage it offers here allows for significant investments in the market. Like any margin trading, it can be risky, but if traded well, it can be very profitable.
Bitfinex doesn't have the largest number of assets to trade, but it does have several currency options that it introduced in 2015 to diversify its cryptocurrency market. This exchange is also available to users from all over the world.
|Cryptocurrencies||Over 140 pieces and 300 pairs of shifts;|
|Commissions and fees||No additional fees for deposits and withdrawals in digital currencies. When depositing USD, you have to pay a commission of 0.1%, but not less than $20;Minimum fee for withdrawing 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 from three portfolios: Foreign Exchange Portfolio, Margin Portfolio and Funding Portfolio;|
|Method of payment||In addition to cryptocurrencies, users have bank transfers and cash withdrawals available on the card.|
|Security||Only 0.5% of cryptocurrency assets are stored online for daily transactions. The rest of the coins are stored in cold wallets, out of reach of hackers. For these wallets to be accessible, manual authorization from several members of the management team is required;|
Another pioneer in cryptocurrency trading, Localbitcoins started in 2012. It is a unique exchange service because instead of focusing on volume trading, it operates as a peer-to-peer (P2P) service. This means that although they operate globally, their users will traditionally have a more local exchange experience.
Through this platform, you can meet other traders and trade their trades. To facilitate these trades, they provide a trust account and maintain strict portfolios of their members. This creates an environment of trust, especially for new traders who are not yet interested in large trading volumes. The exchange rates with Localbitcoins can be a bit high compared to other options.
|Commissions and fees||The website does not take commission from the buyer. Sellers are charged a fixed commission of 1% of each sale;|
|Method of payment||Bank transfers, bank 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 performed well in its role as a cryptocurrency exchange. Its offerings include over 100 cryptocurrency pairs and a secure environment for users to manage their transactions. The fees are also relatively low, with certain factors influencing the costs. One of these factors is the volume you trade, with higher volume being rewarded with lower fees.
They also share the costs for the producers and buyers in the market. The creator creates the item and the taker closes it. Creators have lower fees, which should encourage other users to work with more items. There are also other features that 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 allowed without additional commissions;Withdrawal commissions are fixed and depend on the type of cryptocurrency;Trading commissions are 0-0.25%;Creator commissions are 0%-0.15%;Creator commissions are 0.1%-0.25%;The higher the volume of transactions made in a month, the lower the commission for all transactions made thereafter;|
|Method of payment||Topping up your account with a bank card or withdrawing money from your card is not available to 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 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 cryptography and they demonstrate this knowledge on their platform. As a result, it has grown rapidly and is now used in several countries around the world.
When it comes to security, Kucoin said it uses bank-like systems to create a top-level protected environment. This is achieved through extensive encryption and multi-level authentication. This is impressive, but it may still be too early in a young cryptocurrency player's career to tell how secure it all is.
|Cryptocurrencies||Over 200 units and over 450 pairs of exchangers;|
|Commissions and fees||All deposits on the site are free, and there is a flat fee for withdrawals. KuCoin offers a fixed trading fee of 0.10%, which is below the industry average;|
|Portfolio||Cryptographic portfolio of the internal website ;|
|Method of payment||Variety of payment methods supported by P2P fiat services;|
|Security||Bag offers you the ability to establish two-factor authentication through Google Authenticator;|
|Mobile application||Available at.|
Their support team has a range of contact options, all in different languages. With companies that have not been around as long as others, there is always some risk involved. However, the longer Kucoin goes without a dramatic incident or security breach, the more trust it will gain from traders around the world.
It is an exchange based in Austria that started in 2014. It was originally called Coinimal, but has since changed its name to Bitpanda. Their whole mission is to make cryptocurrency trading as easy as possible for everyone. They use an intuitive platform with easy access and navigation. It seems to be working anyway, as they currently have over a million users.
Bitpanda, while mainly focused on cryptocurrencies, also offers trading in some metals such as silver and gold. They also have several tools and features that make buying cryptocurrencies even easier. This includes a fully automated trading platform. You can trade between cryptocurrencies and metals with the assurance that they are insured in Switzerland.
In addition, Bitpanda has many other affiliates that open up interesting aspects of the market to explore. They allow for better savings, higher transaction 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 transactions. The fees for this exchange are relatively low.
|Cryptocurrencies||Bitcoin, Ethereum and more than 30 digital assets;|
|Commissions and fees||The trading fee for the service depends on the type of currency and the nature of the transaction. When buying bitcoin you pay 1.49%, when selling - 1.29%;Zeroing and withdrawal fee is determined for each currency and is charged to your account;|
|Portfolio||Bitpanda cryptocurrency wallet;|
|Method of payment||You can make the payment by bank transfer, credit card or electronic payment system;|
|Security||Bitpanda refers to systems that self-manage the keys to users' wallets. In addition, the following security measures are offered:Cold storage of funds;Session control. Each login attempt from a new device requires confirmation of two-factor authentication;Email authentication and validation;|
CoinMama is another good exchange. Launching during the golden era of cryptocurrency exchanges in 2013, this company has used its experience to its advantage. It's important to note that while technically still an exchange, you don't actually exchange. Instead, you buy and sell cryptocurrencies to and from Coinmama itself.
They offer a decent range of options for payment goods and services. Buying bitcoin with a credit or debit card also comes with high limits. These high limits come with comparable fee costs. The platform itself allows for the use of multiple languages as it targets a large global market.
|Cryptocurrencies||La plateforme vend des Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos e EOS;|
|Commissions and fees||Using credit or debit cards incurs a 5% service fee. Besides, the platform charges 3.90% for buying coins and 0.9% for selling coins;|
|Method of payment||Credit/debit cards and wire transfers; supports SEPA and SWIFT payments;|
|Security||Coinmama is a reputable company whose website is secured by Trust Guard and Comodo Technologies. 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 due to its intuitive interface and global reputation. One downside is that they require users to have their own cryptocurrency wallets. This is not a bad thing, just a little more annoying, especially for new users. Another factor to watch out for is that the available support is a bit lackluster, not providing as much practical help as others.
This exchange was founded in 2015, based in the USA. The first thing to note about this platform is that it serves as many countries as possible, mainly in Europe and the US. Considering itself as the "Uber" of cryptocurrency exchanges, this system has a very basic model. The security features are of good quality and the corresponding fees for their services are quite low.
The main feature of Paxful is that it is another P2P exchange. Each trader on their platform develops their own portfolio, with information about individual trades. This allows you to see who you are trading with and make sure it is a trustworthy candidate.
The most noticeable drawback is that on this platform, merchants only sell bitcoins. There are many different payment methods and they accept a range of currencies that you can use to buy bitcoins, but you can only sell them. There is no fee for buying, 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 see a higher fee in the form of a reduced conversion rate to coins.
|Cryptocurrencies||Bitcoin e Tether;|
|Commissions and fees||There is a commission for selling cryptocurrencies: 0.5% for bank transfers; 1% for bank cards and electronic payments; 3-5% for gift cards; There is no commission for buying 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;|
|Portfolio||The Paxful Wallet app makes it easy to store and manage coins with your mobile cryptocurrency 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||System security is ensured by two-factor authentication, escrow and a mandatory verification procedure when working with large volumes;|
|Mobile application||Paxful port error dla Android i iOS.|
HitBTC, based in Denmark, was founded in 2013. The hallmark of this exchange is the impressive amount of assets available to its customers. There are reportedly over 800 pairs to trade. This allows you to trade some of the most obscure and lesser-known cryptocurrency options in the world. This is ideal for diversifying your investments and benefiting from small gains between each one.
They offer a demo account to test the platform and various other features to make the market even more exciting. The security of their customers is one of the most important features that this exchange has reportedly worked hard on. This is obviously an important part of any online trading experience. They have high liquidity and allow you to trade in large volumes.
HitBTC only allows you to deposit specific cryptocurrencies and does not accept any fiat options for this. However, it does offer a built-in system that allows you to purchase these cryptocurrencies for deposit using debit or credit cards. Overall, this is a highly rated exchange for a reason.
|Cryptocurrencies||There are 800 currency pairs traded on the platform today;|
|Commissions and fees||No commission on deposits and fixed commission on withdrawals depending on the currency; HitBTC uses a tiered system to calculate trading fees. The more a user trades, the lower the commission will be;|
|Portfolio||No wallet for cryptocurrencies;|
|Method of payment||The HitBTC exchange can only be supplemented with digital currency;|
|Security||The platform provides two-factor authentication, state-of-the-art encryption technology and cold storage of funds;|
There are many good cryptocurrency exchanges available online. We hope that you now know what some of these platforms offer and which one might be best for you.