Best platforms to buy cryptocurrencies India 2021
The incredible power of digital assets
Cryptocurrency itself has only been around since 2009. Since its introduction, there have been countless new coins that have added to the long list of options now available. This has created a lot of interest in trading cryptocurrencies, with prices on the market going up and down dramatically.
In the early days of cryptocurrencies, the values of various currencies, particularly bitcoin, fluctuated in all directions. Since they are purely digital assets, no direct value can be assigned to them. This meant that their prices fluctuated wildly 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 ways to do this is through trading. In these cases, traders exchange one asset for another through the market and hold them for a long time to profit from the moving value. Not surprisingly, this has led to the rise of new exchanges around the world.
As the market adapts, the exchanges available to you change as well
What is a cryptocurrency exchange?
To review the exchange, you should know how it works in general
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 currencies.
Basically, the process is simple enough to understand. You simply connect 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 exchanging real assets with them. You can then trade your new assets with other people or hold them until their value increases.
These digital currencies behave just like other commodities in the market. They are traded at their fair market value, which 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 replenish your cryptocurrency exchange account, you need a cryptocurrency wallet. This is where you store your own coins, which can then be transferred to the exchange market. You can fill this wallet with any coin that is accepted on the exchange, usually some cryptocurrency. For this reason, most major exchanges offer cryptocurrency wallets through their own system to help users protect their funds.
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. All buy and sell orders are published here so that other traders can see what happened. This is basically a service that connects the parties involved. When one party sees a buy or sell order that they want to participate in, they place that order. Each exchange will run its market 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 big cryptocurrency exchanges, take some time to analyze which factors have the greatest impact on the value of 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 number for the coin and an important reason why it is so highly valued. When this limit is reached, which will be soon, there will be fluctuations as coin owners wonder what will happen when there are no more coins in 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 each currency offers and the regulations that apply to different currencies. If you know how much interest there is in these currencies, 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 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 affect the value of these assets, so keep them in mind
Stock Market Review
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. Understanding what to expect from some of the top options will help you find the one that best fits your way of trading.
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, and the vast majority of them are. How different exchanges handle this is a good indicator of how reliable they are and what you can trust.
Your 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 trustworthy. They offer two different accounts, a standard and a pro version.
Coinbase has fairly high fees unless you use a professional account. This professional account also offers more charting features and even some powerful indicators that track subtle changes in the market. They offer a number 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. The Coinbase system is intuitive to use, so even new users can find their way around it relatively easily. There are also insurance policies offered to customers to 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, you can rest assured that you are in a good environment to work with cryptocurrencies.
|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 between $10 and $25;$1.99 - for transactions between $25 and $50;$2.99 - for transactions between $50 and $200.For transactions over $200, a fixed interest rate comes into play. Its amount depends on the payment method.|
|Portfel||Free mobile and online. The advantage of this wallet is that transactions can be done off block.|
|Method of payment||You can make deposits and withdrawals by bank card, bank transfer and various 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 by AES-256 encryption; Only 2% of your clients' cryptocurrency funds are stored online and are insured against loss;|
|Mobile application||Mobile apps for Android and iOS.|
This cryptocurrency exchange has been around since 2017, and since it is a relatively new company, it has managed to expand its offerings significantly. Perhaps the main attraction of this exchange is that it has deliberately focused its offerings on a wide range of different cryptocurrencies, including over 150 options. There are even some options for fiat currencies, but they are much more limited than existing 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 low 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 with cryptocurrencies or several fiat currencies that Binance allows. This is an often underrated advantage that allows for 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 other exchanges and is perhaps best suited for those who already have experience with cryptocurrency systems such as these.
|Cryptocurrencies||740 different cryptocurrency and fiat pairs, 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% 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 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 founded in 2011. After a relatively early start, the group has quickly become one of the most popular exchanges in the euro market. They are very affordable and offer a good mix of altcoins and fiat currencies to trade. This offering may not be their strongest point, but they do offer other resources that can help you.
Among the features that Kraken offers are impressive graphical tools and even margin trading. This exchange is also aimed at experienced users and its interface may seem complicated to beginners. This may be an exchange worth switching to once you understand more about the experience and how to manage these trades.
It is definitely a high-end exchange with all the important features that support even the most advanced users. One noticeable drawback is that there are not many payment options with which you can fund your account. There are ways around this problem, but it is still a drawback for some.
|Cryptocurrencies||There are 8 tokens available for trading;|
|Commissions and fees||For transactions below 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 over 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||The exchange 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.|
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 diversify their market strategies significantly.
Like many leading cryptocurrency exchanges, Bittrex has connected wallets where you can 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||The withdrawal fee depends on the chosen cryptocurrency: in Bitcoin it is 0.0005 BTC, in Ethereum - 0.00600000 ETH.|
|Portfel||No crypto wallet;|
|Method of payment||Bank Transfers, Credit/Debit Cards;|
|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 quickly with tempting margin trading offers. They offer both open contracts and futures, the latter more akin to binary trading than regular trading. In the case of futures, they also offer leverage, which allows you to both make money quickly and lose it quickly. This environment is perhaps more suitable for more experienced users.
Bitmex offers good security, 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.
|Cryptocurrencies||55 trading pairs;|
|Commissions and fees||BitMEX does not charge any deposit or withdrawal fees. Network commissions apply; Merchant commissions for buyers are 0.075% on the total order value, while manufacturers receive an additional 0.025% on each transaction;|
|Portfolio||BitMEX cryptocurrency wallet;|
|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.|
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 they offer to their users. The leverage they offer here allows for significant investments in the market. Like all margin exchanges, it can be a risky venture, but if you trade well, it can be very profitable.
Bitfinex doesn't have the largest number of assets to trade, but it does have several 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.
|Cryptocurrencies||Over 140 currencies and 300 trading pairs;|
|Commissions and 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 USD 20;The minimum fee for withdrawing fiat money is USD 60;With a minimum foreign exchange turnover per month, the trading fee is 0.1% for the depositor and 0.2% for the borrower;|
|Portfolio||Users can choose from three wallets - Exchange Wallet, Margin Wallet and Financing 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 out of reach of hackers. For these wallets to be accessible, manual approval by several members of the management team is required;|
Another cryptocurrency exchange, Localbitcoins, launched 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 trade their trades. To facilitate these trades and maintain tight portfolios for their members, they provide a trust account. This creates an environment of trust, especially for novice traders who are not yet interested in high trading volumes. The exchange rates at Localbitcoins can be a bit high compared to other options.
|Commissions and fees||The website does not take commission from the buyer. The sellers are charged a flat 1% commission on each sale;|
|Method of payment||Wire transfers, bank cards, electronic systems;|
|Security||Transaction security is provided by the escrow method, which has proven to be extremely effective; user accounts are protected by two-factor authentication.|
Since 2014, Poloniex has grown well in its role as a cryptocurrency exchange. It offers over 100 cryptocurrency pairs and a secure environment where users can manage their transactions. Fees are also relatively low, with certain factors influencing the costs. One such factor is trading volume, with higher volume being rewarded with lower fees.
They also share the fee for the makers and buyers in the market. The creator creates the item and the taker closes it. The creators have fewer fees, which likely makes more items available to other users. There are other features that help users navigate the platform, from live chat windows 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 commissions range from 0 to 0.25%; producer's commission from 0 to 0.15%; borrower's commission from 0.1 to 0.25%;The higher the volume of transactions completed in one month, the lower the commission for all transactions completed thereafter;|
|Method of payment||Topping up your 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 equip your account with two-factor authentication;|
|Mobile application||Available under.|
Kucoin is a Singapore-based exchange that was only founded in 2017. Compared to many leading platforms, it is a young company. Nevertheless, the developers behind this company certainly don't lack experience in cryptocurrencies and they demonstrate this knowledge in their platform. As a result, it has grown rapidly and is now used in many countries around the world.
When it comes to security, Kucoin claims to use systems equivalent to those used by banks, creating an environment that is protected at the highest level. This is done through extensive encryption and multi-level authentication. While this is impressive, it may still be too early in the career of this young cryptocurrency exchange to say how secure it all is.
|Cryptocurrencies||Over 200 currencies and over 450 trading pairs;|
|Commissions and fees||All deposits on the website are free, and a flat fee is charged for withdrawals. KuCoin offers a flat trading commission of 0.10%, which is lower than the industry average;|
|Portfel||The website's internal cryptographic wallet;|
|Method of payment||Variety of payment methods supported by P2P fiat services;|
|Security||The Exchange offers you the ability to set up two-factor authentication through Google Authenticator;|
|Mobile application||Available under.|
You have many options at your disposal to contact the support team and that too in different languages. With companies that have not been in the market as long as many 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 traders around the world.
It is an exchange based in Austria that started in 2014. It was originally called Coinimal, but has since been renamed 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. Whatever you do, it seems to be working because they currently have over a million users.
Although Bitpanda focuses on cryptocurrencies, they also offer 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 cryptocurrencies and metals, all with the confidence that they are backed by Switzerland.
Besides, Bitpanda has many other affiliates that open up interesting sides of the market to explore. They help you save better, trade with higher volume, and even have their own Bitpanda tokens. Like other in-house tokens, these can be used for various benefits, such as reduced fees when trading. The fees for this exchange are relatively low.
|Cryptocurrencies||Bitcoin, Ethereum and more than 30 digital assets;|
|Commissions and fees||The commission for trading service depends on the type of currency and type of transaction. When buying bitcoin you pay 1.49%, when selling - 1.29%; the commission for loading and withdrawing is fixed for each currency and is charged to your account;|
|Portfel||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 user wallet keys. Additionally, the following security measures are offered:Cold Storage;Session Control. Each login attempt from a new device requires confirmation of two-factor authentication; authentication and approval by email;|
CoinMama is another good exchange. This company, which started in 2013 during the golden era of cryptocurrency exchanges, has used its experience to its advantage. Keep in mind that while it is technically still an exchange, there is no actual exchange. Instead, you are buying and selling cryptocurrencies in and from Coinmama itself.
They offer a decent selection of payment methods and services. There are also high limits on bitcoin purchases using credit or debit cards. These high limits come with comparable fees. The platform itself is multilingual as it targets a large global market.
|Cryptocurrencies||A plataforma sprzedaje Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos und EOS;|
|Commissions and fees||There is a 5% service fee when using credit or debit cards. Besides, the platform charges 3.90% for buying coins and 0.9% for selling them;|
|Method of payment||Credit/debit cards and wire transfers; supports SEPA and SWIFT payments;|
|Security||Coinmama is a reputable company with a secure website that uses 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 because of its intuitive interface and global reputation. One downside is that users need to have their own cryptocurrency wallets. This is not a bad thing, just a little more inconvenient, especially for new users. Another factor to consider is that the available support is not as good as other providers.
This exchange was founded in the United States in 2015. The first thing you should know about this platform is that it serves 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 features are of good quality, and the corresponding fees for using their services are quite low.
The main feature of Paxful is that it is another 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 that it is a trustworthy 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 bitcoins. 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 a reduced conversion rate for bitcoin.
|Cryptocurrencies||Bitcoin i Tether;|
|Commissions and fees||Commissions are charged for selling cryptocurrencies:0.5% for bank transfers;1% for debit cards and electronic payments;3-5% for gift cards;No commission is charged for purchasing 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 their mobile cryptocurrency wallet;|
|Method of payment||Over 300 ways to purchase coins, including bank transfer, credit and debit cards, PayPal, Western Union, and even gift cards from Amazon, iTunes, or Steam;|
|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, came on the market in 2013. The main advantage of this exchange is the sheer 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 cryptocurrencies in the world. This is ideal for diversifying your investments and profiting from small increases between assets.
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 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 volumes.
HitBTC only allows you to deposit specific cryptocurrencies and does not accept fiat options for this purpose. They do, however, offer an integrated system that allows you to purchase and deposit these cryptocurrencies using debit or credit cards. Overall, this is a highly rated exchange, and for good 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 your commission is;|
|Portfolio||No cryptocurrency wallet;|
|Method of payment||The HitBTC exchange can only be powered by digital currency;|
|Security||The platform offers 2-factor authentication, high quality encryption technology and cold storage;|
There are many good cryptocurrency exchanges on the internet. We hope that you now know what some of these platforms offer and which one is best for you.