Best cryptocurrency exchanges India 2021
          

The incredible power of digital assets

Cryptocurrency itself has only been around since 2009. Since then, many new currencies have emerged, making the long list of options available today even longer. This has led to a lot of interest in trading cryptocurrencies, while their prices in the market are rapidly rising and falling.

In the early days of cryptocurrencies, the values of various coins, particularly Bitcoin, fluctuated widely. Because they are purely digital assets, no direct value can be assigned to them. This meant that their price fluctuations were dramatic in the early years. While this market still has the potential for big moves, it has calmed down somewhat in recent years.

More stable currencies have caused even more traders to take an interest in the market. One of the most popular methods is through the stock market. In these cases, traders exchange one asset for another through the market and hold them for an extended period of time to profit from the moving value. Not surprisingly, this has led to an increase in the number of new exchanges around the world.

As the market adjusts, the scholarships available to you will also change.

What is a cryptocurrency exchange?

To evaluate trade shows, you need to know how they generally work.

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 normal fiat currency.

Basically, the process is simple enough to understand. Simply connect to one of these platforms, enter the currency and amount that you have and want to trade, and start trading. You trade with real people and exchange real assets with them. You can then trade your new assets with other people or hold them until their value increases.

These digital coins behave similarly to other assets in the market. They trade at an approximate market value that is affected by many external factors, primarily supply and demand. Since cryptocurrencies have no real value, prices are largely influenced by these external factors.

To fund your account on a cryptocurrency exchange, you need a cryptocurrency wallet. This is where you store your own currencies and then place them on the exchange. You can fill this wallet with any currency that is accepted on the exchange, usually some cryptocurrency. This is why most leading exchanges offer cryptocurrency wallets through their own system so that users can protect their assets.

When you load this amount into the exchange, you enter a buy or sell order into the system. This is commonly referred to as the order book. This is where all the buy and sell orders are placed so that other traders can keep track of what is happening. It 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 submit a request. Each exchange will manage its market a little differently.

Factors affecting the value of cryptocurrencies

Digital assets are not based on tangible assets and have ephemeral value.

Before jumping into the major cryptocurrency exchanges, take some time to see what factors have the greatest impact on the value of cryptocurrencies. While this list can never truly be complete, 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 number of coins that can be mined is 21 million. This is a low number for a currency and is an important reason why it is so highly valued. When this maximum is reached, and it is very close, there will be fluctuations as the owners of the currency wonder what will happen if no more 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 depends on even more factors, such as the overall benefits they offer and the regulations that apply to different coins. If you know how much interest there is in these coins, you can 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.

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 driving 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 affect the value of these assets, so you should consider them.

Stock market overview

There are many cryptocurrency exchanges today and choosing one is harder than ever. Each exchange has a similar offering, but with its own unique composition. Knowing what to expect from the top providers will help you find the one that best fits your way of trading.

An important element of a good cryptocurrency exchange is the level of security it offers its customers. This is especially important in an online environment, and the vast majority of them are. How different exchanges handle this is a good indicator of how much you can trust and rely on them.

Your market environment can be an important factor in your overall experience and success.

 Coinbase

Coinbase is a very popular exchange. It was founded in 2012, just a few years after bitcoin was released to the market. This exchange is mainly based in the United States and operates with all the necessary regulations that make it certified and trustworthy. They offer two different accounts, a standard account and a pro version.

Coinbase has fairly high fees unless you use the Pro account. The Pro account also offers more charting options and even some comprehensive indicators that track subtle changes in the market. They do offer a whole range of different cryptocurrencies though, so there's quite a bit of choice.

Despite this offering, there are other exchanges that offer even more variety than this one. The Coinbase system is intuitive to use, so even new users will find it relatively easy to navigate. There are also insurance policies offered to customers to protect their cryptocurrency wallets.

Overall, this is definitely a comprehensive cryptocurrency exchange that offers all the necessary options, especially for new users. With all the bells and whistles available here, you can rest assured that you are in a good environment to work with cryptocurrencies.

Coinbase
Cryptocurrencies 23 types of digital coins.
Commissions on fees For all transactions under $200, the following fees apply:$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. The amount depends on the payment method.
Portfel  Free mobile and online. The advantage of this wallet is that transactions can be done off the blockchain.
Method of payment You can make deposits and withdrawals by bank card, bank transfer and a range of payment systems. SEPA transfers are available to 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 customers' cryptocurrency funds are stored online and are insured against loss;
Mobile application  Mobile apps for Android and iOS;

 Binance

This cryptocurrency exchange first appeared in 2017. As a relatively young company, however, they have managed to expand their offerings significantly. Perhaps the biggest advantage of this exchange is that they have intentionally focused their offerings on a wide range of cryptocurrencies, including over 150 options. There are even some currency options, but they are much more limited than the available cryptocurrencies.

Binance has become one of the biggest names in the global foreign exchange arena, with huge trading volumes every day. The variety of assets and lower fees have made it more than competitive globally. This has resulted in a large user base and 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. Perhaps the only real downside to this exchange is that it has a slightly more complicated structure than some other exchanges and is perhaps better suited for those who have experience with such cryptocurrency systems.

Binance
Cryptocurrencies 740 different cryptocurrency and fiat pairs, including NBB's own token;
Commissions on fees Binance offers competitive transaction costs (commissions): 0.1% on each side of the transaction or 0.075% when using your Binance tokens (BNB);
Portfel  Trust Wallet mobile app;
Method of payment Bank transfer, debit/credit cards, various P2P payment channels;
Security The exchange has launched the CryptoSafe Alliance (CSA). The initiative brings 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.

Kraken

Kraken cryptocurrency exchange was first established in 2011. After a relatively early start, it quickly became 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 offering may not be their strongest point, but they do offer other resources that can help you.

Some of the features that Kraken offers are impressive charting tools and even margin trading. This exchange is also geared towards more experienced users, and its interface can be complicated for beginners. This may be an exchange worth switching to once you know more about the experience and how to manage these trades.

It is definitely a top-notch exchange with all the important features that support its advanced users. One noticeable drawback is that there are not many payment options with which you can make deposits into your account. While there are ways around this problem, it is still an inconvenience for some.

Kraken
Cryptocurrencies There are 8 tokens available for trading;
Commissions on fees For transactions below 50,000 units of a given currency, there is 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  A cryptocurrency wallet is not offered on the website;
Method of payment Cryptocurrency wallets and money transfers via bank transfer. Deposits/withdrawals via bank cards are not possible;
Security It offers users two-factor authentication (2FA), PGP encryption, and a global settings lock that prevents account changes within a certain time period;
Mobile application Kraken Pro and Kraken Futures trading applications.

 Bittrex

Bittrex was founded around the same time as many other exchanges and 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 for significant diversification of your strategy in the market.

Like many leading cryptocurrency exchanges, Bittrex has connected wallets where all currencies can be safely stored. They also have extensive security features and high-tech software to protect these online wallets and the platform itself.

Bittrex
Cryptocurrencies   More than 250 retail pairs are available;
Commissions on fees Euro   account upgrades are possible via: SEPA transfer; international bank transfer; bank card. Fiat  withdrawals to a bank account are possible through an international bank transfer, and for Euros a 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 fixed transaction fee of 0.25% of the total order value;
Portfel  No cryptocurrency wallet;
Method of payment Bank transfer, credit/debit cards;
Security Two-factor authentication (2FA);IP verification requiring email confirmation of new IP address entry;   IP whitelists; Cold storage for 80-90% of assets;
Mobile application There are two apps for Android and iOS respectively: Bittrex Global and Bittrex.

Bitmex

Bitmex was founded in 2014 and has grown quickly with tempting margin trading offers. They offer both open contracts and futures, the latter more akin to binary trading than regular exchanges. In the case of futures, they also offer leverage, which allows you to make money quickly, but also lose it quickly. This environment is probably best suited for more experienced users.

Bitmex has good security features, but the 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.

BitMEX
Cryptocurrencies 55 trading pairs;
Commissions on fees BitMEX does not charge any deposit or withdrawal fees. Trading commissions for Takers are 0.075% of the total order value, while Makers      pay an additional 0.025% per transaction;
Portfel Krypto BitMEX portemonnee;
Method of payment Other than cryptocurrencies, BitMEX does not accept any other deposits;
Security Funds are stored in cold wallets;Two-factor authentication;Registration via SMS notifications;Multi-signature   Wallets for transactions;Email communication is encrypted using PGP encryption;
Mobile application   BitMEX Mobile will launch in September 2020.

 Bitfinex

It was founded in late 2012 and is one of the first cryptocurrency exchanges in history. The company has been a trendsetter from the very beginning and is now known for the margin trading it offers to its users. The leverage offered here allows you to invest heavily in the market. Like any margin trade, it can be a risky venture, but if you trade well, it can be very profitable.

Bitfinex doesn't have most of the assets you can trade, but it does have some options for fiat currencies that it introduced in 2015 to diversify its cryptocurrency market. This exchange is also available to users from all over the world.

Bitfinex 
Cryptocurrencies Over 140 coins and 300 trading pairs;
Commissions on fees No additional fees for deposits and withdrawals in digital currencies. When depositing USD, you must pay a commission of 0.1%, but not less than $20;The minimum fee for withdrawing fiat money is $60;With a minimum currency turnover per month, the trading fee is 0.1% for the creator and 0.2% for the taker;
Portfel You can choose between three wallets - Exchange Wallet, Margin Wallet and Finance Wallet;
Method of payment In addition to cryptocurrencies, users can make bank transfers and cash withdrawals on the card.
Security Only 0.5% of cryptocurrency assets are stored online to support daily transactions. The rest of the coins are stored in cold wallets that are inaccessible to hackers. Making these wallets accessible requires manual approval from several members of the management team;
Mobile application  Available.

 Localbitcoins

Localbitcoins, another early entrant in the cryptocurrency space, was founded in 2012. It is a unique exchange service that does not focus on volume trading, but instead operates as a peer-to-peer (P2P) service. This means that although they operate globally, their users traditionally have a more local trading experience.

On this platform, you can meet other traders and negotiate your trades. To facilitate these trades, they offer a trust account and closely manage the portfolios of their members. This creates an environment of trust, especially for novice traders who are not yet interested in trading large amounts. The exchange rates at Localbitcoins can be a bit high compared to other options.

Localbitcoins
Cryptocurrencies Bitcoin;
Commissions on fees The website does not take commission from the buyer. Sellers are charged a fixed commission of 1% of each sale.
Portfel  Bitcoin-Portemonnee;
Method of payment Wire 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.
Mobile application

Poloniex

Since its founding in 2014, Poloniex has grown well as a cryptocurrency exchange. It offers over 100 cryptocurrency pairs and a secure environment where users can manage their transactions. Costs are also relatively low, with certain factors playing a role. One such factor is the volume in which you trade, with higher volumes being rewarded with lower fees.

They also split the compensation for Maker and Taker in the marketplace. The maker creates the position and the taker completes it. Makers have a lower cost, so there will likely be more items for other users to work with. There are other features that help users navigate the platform, from live chat windows to data analysis tools.

Poloniex 
Cryptocurrencies 100+ Casting-Apare
Commissions on fees All deposits are possible without additional fees; withdrawal fees are fixed and depend on the type of cryptocurrency; merchant commission ranges from 0 to 0.25%; producer commission ranges from 0% to 0.15%; host commission ranges from 0.1% to 0.25%; the higher the volume of completed transactions in a month, the lower the commission for all subsequent completed transactions;
Portfel  Ja;
Method of payment Topping up your account with a bank card or withdrawing from your card is not possible for users from certain countries;
Security The administration strongly recommends that you equip your account with two-factor authentication;
Mobile application Available.

 Kucoin

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 cryptocurrencies and they showcase this knowledge in their platform. As a result, it has grown quickly and is now used in many countries around the world.

In terms of security, Kucoin has stated that it uses systems equivalent to those used by banks and that it creates an environment that is protected to the highest level. This is done through extensive encryption and multi-level authentication. This is impressive, but it may be too early in the career of this young cryptocurrency exchange to say how secure it all is.

Kucoin 
Cryptocurrencies 200+ coins and 450+ trading pairs;
Commissions on fees All deposits on the website are free, and there is a flat fee for withdrawals. KuCoin offers a fixed trading commission of 0.10%, which is lower than the industry average.
Portfel  Courtyard Cryptocurrency Wallet;
Method of payment Variety of payment methods supported by P2P fiat services;
Security The Exchange allows you to set up two-factor authentication through Google Authenticator.
Mobile application Available.

You have a whole range of options to contact their support team, and in different languages. With companies that have not been around as long as others, there is still some risk involved. However, the longer Kucoin goes without dramatic incidents or security breaches, the more trust it will build with all traders.

 Bitpanda

It is an Austrian-based exchange that was launched in 2014. It was originally called Coinimal, but has since been renamed Bitpanda. Their goal is to make cryptocurrency trading as easy as possible for everyone. They use an intuitive platform with easy access and navigation. Whatever it is, it seems to be working as it currently has over a million users.

Bitpanda, although mainly focused on cryptocurrencies, also offers trading in some metals such as silver and gold. They also have various tools and features that make buying cryptocurrencies even easier. This includes a fully automated trading platform. You can trade cryptocurrencies and metals, all with the knowledge that they are backed by Switzerland.

Besides, Bitpanda has many other offshoots that open up interesting sides of the market to explore. They allow for better savings, higher trading volumes, and even come with Bitpanda's own tokens. Like other proprietary tokens, these can be used for various benefits, such as lower operating costs. The cost of this exchange is relatively low.

Bitpanda
Cryptocurrencies Bitcoin, Ethereum and over 30 active digital currencies;
Commissions on fees The trading commission of the service depends on the type of currency and type of transaction. When buying Bitcoins you pay 1.49%, when selling you pay 1.29%; Bitcoin top-up and withdrawal commissions are fixed for each currency and are charged to your account;
Portfel  Bitpanda crypto-portemonee;
Method of payment You can make the payment by bank transfer, credit card or through electronic payment systems;
Security Bitpanda refers to systems that self-manage user wallet keys and offers the following security measures: Fund Cold Storage; Session Control. Each login attempt from a new device requires confirmation with two-factor authentication; Email authentication and validation;
Mobile application Ja.

Coinmama

CoinMama is another good exchange. This company was founded during the golden era of cryptocurrency exchanges, in 2013, and has definitely used its experience to its advantage. It is important to note that while this is technically an exchange, there is no barter involved. Instead, you are buying and selling cryptocurrencies on and off Coinmama itself.

They offer a decent range of credit and payment services. There are also high limits for buying bitcoin with credit or debit cards. These high limits come with similar costs. The platform itself is multilingual as it targets a large global market.

Coinmama 
Cryptocurrencies Die Plattform verkoopt Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos i EOS;
Commissions on fees There is a 5% service fee when using credit or debit cards, and the platform charges 3.90% to buy coins and 0.9% to sell them;
Portfel Nee;
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 technology. Both sites have confirmed that 256-bit SSL encryption is actively used on pages containing personal information;
Mobile application Ja.

This is another exchange that is very suitable for beginners due to its intuitive interface and global reputation. One drawback in this regard is that they require users to have their own cryptocurrency wallets. This is not a bad thing, just a bit inconvenient, especially for new users. Another factor to consider is that the available support is somewhat lacking and does not offer as much practical help as other providers.

 Paxful

This exchange was founded in 2015 and is based in the United States. The first thing you should notice about this platform is that it targets as many countries as possible, but mainly 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 costs associated with using the service are quite low.

The main feature of Paxful is that it is again a P2P exchange. Each trader on the platform creates his own portfolio with information about his trades. This way you can check who you are trading with and make sure it is a reliable candidate.

The biggest drawback is that traders on this platform 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 fees for buying, but there is a flat fee of 1% for each sale. Even with all the payment services that Paxful accepts, the more outlandish ones will likely have higher fees in the form of reduced exchange rates.

Paxful
Cryptocurrencies Bitcoin i Tether;
Commissions on fees There are commissions for selling cryptocurrencies:0.5% for bank transfers;1% for debit cards and electronic payments;3-5% for gift cards;There are no commissions for buying cryptocurrencies;Paxful charges transfer fees for sending money 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 in 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 provided by two-factor authentication, escrow, and a mandatory verification procedure for processing large amounts.
Mobile application Paxful Wallet dla Android i iOS.

 Hitbtc

Based in Denmark, HitBTC entered the market in 2013. The main focus of this exchange is the large amount of assets available to its customers. There are reportedly over 800 pairs that you can trade. This allows you to trade some of the most obscure and lesser-known cryptocurrency options in the world. It is a good idea to diversify your assets and take advantage of small increases in each of them.

They offer a demo account to try out the platform and various other features that make the market even more exciting. One of the most important features that this exchange has worked hard on is the security of its customers. This is obviously an important part of any online trading experience. They have high liquidity and allow you to trade in large quantities.

HitBTC only allows you to deposit specific cryptocurrencies and does not accept fiat options for them. They do, however, offer a built-in system that allows you to purchase these cryptocurrencies for deposit using a debit or credit card. Overall, this is a highly rated exchange, and for good reason.

Hitbtc 
Cryptocurrencies There are 800 currency pairs traded on the platform today;
Commissions on 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 their commission is;
Portfel No cryptocurrency wallet;
Method of payment The HitBTC exchange can only be powered by digital currency;
Security The platform offers 2-factor authentication, high-end encryption technology and cold storage;
Mobile application Nee.

There are many good cryptocurrency exchanges on the internet. Hopefully, you now know what some of these platforms offer and which one suits you best.

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