Best platform to buy bitcoin India 2021
The Extraordinary Power of Digital Assets
The cryptocurrency itself has only been around since 2009. Since its inception, a myriad of new coins have emerged, adding to the long list of options currently available. This has led to considerable interest in trading cryptocurrencies, as their prices rise and fall dramatically in the market.
In the early days of crypto, the values of the various currencies, especially bitcoin, varied in all directions. Since they are entirely digital assets, there was no direct value to be assigned to them. This meant that their price fluctuations varied dramatically in the early years. While there is still potential for big 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 ways of doing this is through trading. In such cases, traders exchange one good for another in the market and hold them for a long time to profit from the movement of values. Not surprisingly, this has led to an increase in the number of new exchanges available worldwide.
The market is adapting, as are the exchanges that are offered to you.
What is a Crypto exchange?
To review an exchange, you need to know how they usually work
A crypto exchange is a platform that allows you to exchange one crypto for another. On most exchanges, you can also exchange your digital assets for other types of assets, such as common fiat currencies.
Basically, it's a pretty simple process to understand. You just log onto 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 act in the same way as other goods on the market. They trade at a fair market value, which is affected by a variety of external factors, primarily supply and demand. Since crypto is unique in the sense that it has no real value, prices are greatly affected by these external factors.
To fund your account on a cryptocurrency exchange, you need a cryptocurrency wallet. This is where you keep your own coins and can then transfer them to the exchange. You can fill this wallet with any coin that is accepted on the exchange, most often a type of cryptocurrency. As a result, most major exchanges offer cryptocurrency wallets through their own systems, which helps users protect their balances.
Once you have loaded that amount onto the exchange, you place a buy or sell order into the system. This is commonly known as an order book. This is where all the buy and sell orders will be published so that other traders can check what is happening. This is essentially a service that brings interested parties together. When one side sees a buy or sell order that they want to participate in, they place the order. Each exchange will operate its market in a slightly different way.
Factors that affect the value of Crypto
Digital assets are not based on a tangible resource and have a volatile value.
Before jumping into the major cryptocurrency exchanges, it is worth looking at the factors that have the greatest effect on cryptocurrency values. While this list can never be truly comprehensive, 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. For any coin, that is a low number and a big reason why they are so valuable. When that limit is reached, which is very close, there will be fluctuations as coin owners contemplate 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 crypto will vary depending on even more factors, such as the overall benefits each offers and the regulations affecting the different currencies. By being aware of the level of interest in these currencies, you will be able to predict the extent to which demand will influence 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 goods, which will lose some of their real value. The integration of cryptocurrencies will continue to change and grow, which will pull and value 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 keep an eye on these
There are many cryptocurrency exchanges available today and it is harder than ever to choose. Each exchange has similar offerings, but with a unique makeup. By understanding what to expect with the best of them, traders will be able to find those that best fit the way they want to trade.
A big part of a good crypto exchange is the level of security it offers its customers. This is especially critical in an online environment, which is where the vast majority of them are. How these different exchanges approach the issue is a good indicator of how reliable they are and what you can trust.
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 primarily based in the United States and operates with all the necessary regulations that keep it certified and trustworthy. They offer two different accounts, a standard version and a pro version.
Coinbase has quite high fees unless you use their professional account. This professional account also allows for greater charting capabilities and even some extended indicators that track subtle changes in the market. They offer a range of different cryptos, but there is a good selection available.
Despite the variety they offer, there are other exchanges that offer even more variety than that. The operation of the Coinbase system is intuitive, so even new users can get their bearings fairly 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 offers all the necessary options, especially for new users. With all the bells and whistles included here, you can be sure that you are in a good environment to work with crypto.
|Cryptocurrencies||23 types of digital currencies;|
|Commissions and fees||All transactions under $200 have 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. Its size depends on the payment method;|
|Portfolio||Free on mobile and online. The advantage of this wallet is that transactions can be made offline;|
|Payment method||Funds can be deposited and withdrawn using a bank card, credit 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 by AES-256 encryption; Only 2% of its customers' cryptocurrency funds are stored online and are insured in case of loss;|
|Mobile Application||Mobile applications for Android and iOS.|
This cryptocurrency exchange was founded in 2017. Being a relatively new company, it has still managed to significantly increase its offering. Perhaps the main attraction of this exchange is the fact 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 significantly more limited than the cryptocurrencies on offer.
Binance has become one of the biggest names in the global foreign exchange arena, with huge volumes traded every day. Their variety of assets and low fees have made them more than competitive worldwide. 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 allows easier access to users around the world. The only real downside to this exchange is that it is a bit more complex than other exchanges and is perhaps better suited for those who have experience with crypto systems like these.
|Cryptocurrencies||740 different pairs of cryptograms and fiat, including the NBB token itself;|
|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;|
|Portfolio||Mobile Fund Portfolio;|
|Payment method||Bank transfer, debit/credit cards, various P2P payment channels;|
|Security||The exchange launched the CryptoSafe Alliance (CSA). This initiative will bring together exchanges, blockchain protocols, cybersecurity experts, and regulatory compliance firms. It is the first comprehensive threat monitoring and protection tool in a decentralized data exchange environment.|
|Mobile Application||A free app is available from the Google Play store or the App Store.|
The cryptocurrency exchange Kraken was founded in 2011. After a relatively early start, this group quickly became one of the most popular exchanges on the euro market. They are very cheap and offer a good mix of altcoins as well as fiat currency options to trade. This range of assets may not be their strong point, but they provide other resources to do so.
Among the features offered by Kraken are impressive charting instruments and even margin trading. This trade is again aimed at more experienced users and its interface may seem complicated to beginners. This may be the trade to make once you have a better understanding of the experience and how to manage these trades.
This is definitely a high-end exchange, with all the important features to support its most advanced users. One notable drawback is that there are not as many payment options available that you can use to make deposits into your account. There are ways around this, but for some this remains a drawback.
|Cryptocurrencies||8 chips are available for trade;|
|Commissions and fees||Transactions below 50,000 units of a given 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;|
|Portfolio||No cryptocurrency wallets are offered on the site;|
|Payment method||Cryptocurrency wallets and money transfers by wire transfer. Credit card deposit/withdrawal is not available;|
|Security||The exchange offers users two-factor authentication (2FA), PGP encryption, and global settings locking, which prevents any changes to the account within a certain 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 with. This allows for significant diversification of their market strategies.
Like many of the best crypto exchange options, Bittrex has wallets attached to their system that can be used for the secure storage of any currency. They also have extensive security features and technologically advanced software that will protect these online wallets and the platform itself.
|Cryptocurrencies||More than 250 commercial pairs are available;|
|Commissions and fees||Fiat withdrawal of funds is possible on a bank account via an international bank transfer, and for euros, a SEPA transfer ; Withdrawal fees depend on the chosen cryptocurrency: in bitcoin, they are 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;|
|Portfolio||No crypto wallet;|
|Payment method||Credit/debit cards;|
|Security||Two-factor authentication (2FA); IP verification that requires 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 started in 2014 and has grown rapidly thanks to its enticing margin trading offers. They offer both perpetual and futures contracts, 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 has good security, but its registration process is almost too simple. It is a justifiable compromise between increased convenience and some additional 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 fees for deposits or withdrawals. When withdrawing BTC, a minimum of Bitcoin network commission is applied; Trading commissions for buyers are 0.075% of the total order value, while manufacturers receive an additional 0.025% for each transaction;|
|Portfolio||BitMEX Crypto Wallet;|
|Payment method||Besides cryptocurrencies, BitMEX does not accept other deposits;|
|Security||Funds are stored in cold wallets; two-factor authentication; registration via SMS notifications; multi-signature Wallets for transactions; e-mail communications are encrypted using PGP encryption;|
|Mobile Application||BitMEX Mobile was launched in September 2020.|
Founded in late 2012, it is one of the first cryptocurrency exchanges. A forerunner from the beginning, it is now known for the margin trading it offers its users. The leverage they offer here makes it possible to invest significantly in the market. Like all margin trading, it can be a risky business, but if you trade well, it can be very rewarding.
Bitfinex doesn't have the largest number of assets to trade, but they do have some fiat currency options that they introduced in 2015 to add some variety to their crypto market. That exchange is also available to users around the world.
|Cryptocurrencies||More than 140 currencies and 300 trading pairs;|
|Commissions and fees||No extra payment for deposits and withdrawals in digital currencies. When depositing USD, you will have to pay a commission of 0.1%, but not less than $20;The minimum fee for withdrawing fiat money is $60;With the minimum currency rollover per month, the transaction fee is 0.1% for the manufacturer and 0.2% for the borrower ;|
|Portfolio||Users can choose between three portfolios: Foreign Exchange Portfolio, Margin Portfolio, and Funding Portfolio;|
|Payment method||In addition to cryptocurrencies, users can make bank transfers and cash withdrawals on the card.|
|Security||Only 0.5% of crypto assets are kept online for daily transactions. The rest of the coins are stored in cold wallets, out of reach of hackers. For these wallets to be available, manual authorization by several members of the administrative team is required;|
Another cryptocurrency exchange game, Localbitcoins, started in 2012. It is a unique exchange service in that, rather than focusing on volume trading, it operates as a peer-to-peer (P2P) service. This means that while they operate globally, their users will traditionally have a more local trading experience.
Through this platform you can find other traders and trade with them. They provide an escrow account to facilitate these trades and maintain accurate portfolios with their members. This creates an environment of trust, especially for new traders who are not yet interested in large trading volumes. Exchange rates with 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.|
|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.|
Since 2014, Poloniex has performed well in its role as a cryptocurrency exchange. Its offering includes over 100 cryptocurrency pairs and a secure environment for users to manage their transactions. Fees are also relatively low, with some factors weighing on these costs. One such factor is transaction volume, with higher volumes rewarded with lower fees.
They also split the costs for makers and buyers in the market. A maker creates the position and a taker closes it. The makers have fewer fees, which will likely encourage other users to work on more positions. 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 allowed without additional fees; withdrawal fees are fixed and depend on the type of cryptocurrency; trading commissions are 0-0.25%; manufacturer's commission is 0-0.15%; borrower's commission is 0.1-0.25%; the higher the volume of transactions made in a month, the lower the commission for all transactions made after that;|
|Payment method||Replenishing an account with a bank card or withdrawing money from 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 started in 2017. Compared to many of the major platforms, it is a young company. However, the developers behind this company certainly have no shortage of experience in the cryptocurrency space and demonstrate this expertise in their platform. Because of this, it has grown rapidly and is now used in several countries around the world.
In terms of security, Kucoin said that they use systems equivalent to those of banks, creating a protected environment at the highest level. This includes 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 over 450 trading pairs;|
|Commissions and fees||All deposits are free on site and there is a flat fee for withdrawals. KuCoin offers a fixed trading fee of 0.10%, which is below the industry average.|
|Portfolio||Internal cryptographic portfolio of the site;|
|Payment method||A variety of payment methods supported by fiat P2P services;|
|Security||The switch gives you the option of establishing two-factor authentication through Google Authenticator;|
|Mobile Application||Available at.|
The support team has a range of contact options, all in a selection of different languages. With companies that have not been around as long as others, there is always some risk. However, the longer Kucoin remains without dramatic incidents or security breaches, the more reliable it will become for traders around the world.
This is an Austria-based exchange that started in 2014. It was originally called Coinimal, but has since become Bitpanda. Their whole mission is to make crypto trading as easy for everyone. They use an intuitive platform that is easy to access and navigate. Whatever you do, it seems to work, as they currently have over a million users.
Although the company focuses primarily on cryptocurrencies, Bitpanda also offers trading of certain metals, such as silver and gold. They also have several tools and features that make it even easier to buy crypto. This includes a fully automated trading platform. You can trade between the crypto and the metals, being assured that these are guaranteed by Switzerland.
Other than that, Bitpanda has many other branches that open up interesting sides of the market to explore. These allow for better savings, higher transaction volumes, and even come with their own Bitpanda tokens. Like other in-house tokens, these can be used to gain various benefits, such as reduced fees on trade. The fees for this trade are relatively low.
|Cryptocurrencies||Bitcoin, Ethereum, and more than 30 digital assets;|
|Commissions and fees||The commission for the trading service depends on the type of currency and the nature of the transaction. When buying bitcoins you pay 1.49%, when selling - 1.29%. The reset and withdrawal fee is fixed for each currency and is debited from the account;|
|Portfolio||Bitpanda Cryptographic Wallet|
|Payment method||You can make a deposit by bank transfer, credit cards 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 a two-factor authentication confirmation; email authentication and validation;|
CoinMama is another good exchange. Having started within the golden age of cryptocurrency exchanges in 2013, this company has used its experience to its advantage. It is important to note that while technically still an exchange, there is not really an exchange available. 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. High limits are also set for bitcoin purchases via credit or debit cards. These high limits come with a comparable fee cost. The platform itself allows the use of multiple languages, as it caters to a large global market.
|Cryptocurrencies||Une plateforme vend Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos e EOS;|
|Commissions and fees||The use of credit or debit cards is subject to 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 using Trust Guard and Comodo technologies. Both services have confirmed that 256-bit SSL encryption is actively used on pages containing personal information;|
This is another exchange that is great for beginners because of its intuitive interface and global reputation. The downside is that they require users to have their own cryptocurrency wallet. This is not a bad thing, just a bit more inconvenient, especially for new users. Another factor to consider is that their available support is somewhat non-existent, offering no help like some others might.
This exchange started in 2015 and is 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 crypto exchanges, this system has a very basic model. The security is of good quality and the respective fees associated with the use of its services are quite low.
The main characteristic of Paxful is that it is another P2P exchange. Each trader on its platform develops his own portfolio, with information about his respective trades. This allows you to verify who you are dealing with and ensure that you are a trustworthy candidate.
The most notable drawback is that merchants only sell bitcoins on this platform. There are many different payment methods and they accept a range of currencies to use for buying bitcoins, but you can only sell bitcoins. There is no buying fee, but a flat 1% fee for any sale. Even with all the payment services that Paxful accepts, the more obscure ones will probably see a higher fee in the form of reduced conversion rates for bitcoins.
|Cryptocurrencies||Bitcoin e Tether;|
|Commissions and fees||Commissions apply for crypto sales: 0.5% for wire transfers; 1% for bank cards and electronic payments; 3-5% for gift cards; No commission applies for cryptocurrency purchases; Paxful will charge 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;|
|Portfolio||The Paxful Wallet app makes it easy to store and manage coins with your mobile cryptocurrency wallet;|
|Payment method||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||The security of the system is ensured by the two-factor authentication, the deposit, and the mandatory verification procedure when working with large quantities;|
|Mobile Application||Wallet for Android and iOS.|
HitBTC, based in Denmark, first appeared in 2013. The main focus of this exchange is the large number of assets available to its customers. Reportedly, there are over 800 pairs to trade. This allows you to trade some of the most obscure and lesser-known crypto options in the world. This is ideal for diversifying your investments and taking advantage of the small gains between each of them.
They offer a demo account to test the platform and various other features to make the market even more exciting. One of the most important features that this trading center claims to have worked on extensively is the security of its customers. This is obviously an essential part of any online trading experience. They have high liquidity and allow for large trading volumes.
HitBTC only allows you to deposit certain cryptos and does not accept any fiat options for this. However, they do offer a built-in system that allows you to purchase these cryptos for deposit using debit or credit cards. Overall, this is a highly rated exchange for a reason.
|Cryptocurrencies||800 currency pairs are traded on the platform today;|
|Commissions and fees||No commission for deposits and a fixed commission for withdrawals, depending on the currency; HitBTC uses a tiered trading fee calculation system. The more trades a user makes, the lower his commission will be;|
|Portfolio||No cryptocurrency wallet;|
|Payment method||The HitBTC exchange can be replenished exclusively with digital currency;|
|Security||The platform provides two-factor authentication, high-quality encryption technology, and cold storage of funds;|
There are many good cryptocurrency exchanges available online. I hope you now know what some of these platforms offer and which one might be the best for you.