Best trading platforms India 2021
The Extraordinary Power of Digital Assets
Cryptocurrencies themselves have only been around since 2009. Since their introduction, numerous new coins have appeared, adding to the long list of options available today. This has created a great deal of interest in trading cryptocurrencies, as their prices rise and fall dramatically in the market.
In the early days of cryptocurrency, the values of different currencies, especially bitcoin, fluctuated greatly. As purely digital assets, there was no direct value to assign to them. This meant that their prices fluctuated a lot in the early years. While this market still has the potential for large fluctuations, it has calmed down somewhat in recent years.
The greater stability of currencies has led to more traders becoming interested in the market. One of the most popular ways of doing this is through swaps. In these cases, traders trade one asset for another across the market and hold it for a longer period of time to benefit from the changing values. Not surprisingly, this has led to an increase in the number of new swaps around the world.
As the market adapts, so do the bags available to you.
What is a cryptographic exchange?
To review a stock market, you need to 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 regular fiat currencies.
Basically, the process is pretty simple to understand. You just log on to one of these platforms, enter the currency and the amount you have and want to trade, and start trading. You trade with real people and exchange real goods with them. You can then trade the new goods with other people or keep them until their value increases.
These digital currencies behave in much the same way as other assets in the market. They are traded at an approximate market value, which is influenced by a number of 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. In it, you store your own coins and then you can put them on the exchange. You can fill this wallet with any currency that is accepted on the exchange, especially with some type of cryptocurrency. This is why most major exchanges offer cryptocurrency wallets through their own system to help users protect their funds.
After you have loaded this amount into the exchange, enter a buy or sell order into the system. This is usually called the order book. This is where all the buy and sell orders are posted so that other traders can check what is happening. It is essentially a service that brings interested parties together. When a party sees a buy or sell order that it wants to participate in, it places the order. Each exchange will operate its market slightly differently.
Factors that influence the value of cryptocurrencies
Digital assets are not based on a tangible resource and have a volatile value.
Before jumping into the major cryptocurrency exchanges, take some time to look at what factors have the biggest impact on the value of cryptocurrencies. While this list can never be truly 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.
In the case of Bitcoin, the maximum possible number of coins that can be minted is 21 million. This is a low value for any coin and an important reason why it is so highly valued. When this limit is reached, which will happen very soon, there will be fluctuations as the owners of the currency think about what will happen when no more coins are 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 they offer and the regulations that affect the different currencies. If you know the interest in these coins, you can predict the degree of demand that will affect the overall value.
- Regulations. Tagging alongside the demand for crypto is the various regulations that have been created for this type of asset. In some regions, there are no regulations at all. This is because they are still relatively new forms of currency and have been less readily adopted by certain institutions. The more regulations that support these assets, the more likely their value will grow because they have more uses.
In other cases, regulations may restrict the use of these currencies. This will naturally affect the demand for these goods, as they lose some of their real value. The integration of cryptocurrencies will continue to change and grow, attracting and depressing value in the market in different ways.
- Media. The news and other forms of media will always influence the value of assets on the market. This is because these sources of information are often highly valued and affect the way the general public will react to these assets. This affects the demand and subsequently the value of each crypto. Media is also easy enough to follow and react to, which makes it a popular form of trying to predict these price shifts.
There are more factors that influence the value of these goods, so take them into account
There are currently many cryptocurrency exchanges and it is harder than ever to make a choice: each exchange has similar offerings, but with a very unique composition. Understanding what to expect from some of the best exchanges will help you find the one that best suits your type 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, like most of these exchanges. How different exchanges handle this is a good indicator of how much you can trust and rely on them.
The environment in which you operate in the market 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 based in the United States and operates with all the necessary regulations that make it certified and reliable. It offers two different accounts, a standard account and a professional version.
Coinbase has fairly high fees unless you use the Pro account. This Pro account also offers more charting features and even some extensive indicators that track subtle changes in the market. However, Coinbase offers a number of different cryptocurrencies, so there is a good selection.
Despite the large selection, there are other exchanges that offer even more variety than this one. Coinbase's system is intuitive to use, so even new users will find their way around with relative ease. Insurance policies are also offered to customers to protect their crypto wallets.
Overall, this is definitely a very comprehensive cryptocurrency exchange that offers all the necessary options, especially for new users. With all the bells and whistles on offer, you can be sure 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 fees apply: $0.99 - for transactions under $10; $1.49 - for transactions $10 to $25; $1.99 - for transactions $25 to $50; $2.99 - for transactions $50 to $200. For transactions over $200, a fixed interest rate comes into play. The amount depends on the payment method.|
|Cartera||Free on mobile and online. The advantage of this wallet is that transactions can be made off the blockchain.|
|Payment method||You can make deposits and withdrawals with a bank card, by bank transfer, and with various payment systems. SEPA transfers are available for EU citizens;|
|Security||Two-factor authentication; All website traffic is encrypted using SSL cryptographic protocol; All wallet keys are protected by AES-256 encryption; Only 2% of your customers' cryptocurrency funds are stored online and are insured in case of loss;|
|Mobile Application||Mobile applications for Android and iOS.|
This cryptocurrency exchange has only been around since 2017. Being a relatively young company, they have nevertheless managed to expand their offering considerably. What is perhaps special about this exchange is that it has deliberately focused its offering on a wide range of different cryptocurrencies, including over 150 options. There are even some options available for fiat currencies, but they are rather more limited than cryptocurrencies.
Binance has become one of the biggest names on the global foreign exchange scene, with huge volumes traded every day. The diversity of assets and low fees have made it more than competitive globally. This has led to a significant user base and, as a result, the company continues to grow at an impressive rate.
Users can make deposits with cryptocurrencies or the handful of fiat currencies that Binance allows. This is an often underrated advantage that allows easier access for users around the world. Perhaps the only real disadvantage of this exchange is that it has a slightly more complex structure than other exchanges and is perhaps better suited for those who have experience with cryptocurrency systems like these.
|Cryptocurrencies||740 different crypto and fiat pairs, including its own BNB symbol;|
|Commissions and fees||Binance offers competitive trading fees (commissions): 0.1% on each side of the trade or 0.075% when using their Binance Tokens (BNB);|
|Cartera||Trust Wallet mobile application;|
|Payment method||Bank transfer, debit/credit cards, various P2P payment channels;|
|Security||The exchange has launched the CryptoSafe Alliance (CSA). This initiative will bring together exchanges, blockchain protocols, cybersecurity experts and compliance firms. It is the first comprehensive tool to monitor and protect against threats in a decentralized data exchange environment.|
|Mobile Application||A free app is available from the Google Play Store or the App Store.|
Kraken crypto-exchange was founded in 2011. After its relatively early founding, it quickly became one of the most popular exchanges on the euro market. It is highly valued and offers a good mix of altcoins and fiat currencies to trade. This asset selection may not be its strongest feature, but they do provide other resources to back it up.
Among the features offered by Kraken are impressive graphical tools and even margin trading. This exchange is also aimed at experienced users and the user interface can be tricky for beginners. You may want to switch to this exchange once you have a better understanding of the experience and how to manage these trades.
It is definitely a first-class exchange that offers all the important features for advanced users. One notable drawback is that there aren't many payment options that you can use to make deposits to your account. There are ways around this, but it is still annoying for some.
|Cryptocurrencies||There are 8 tokens available for trade;|
|Commissions and fees||For transactions of less than 50,000 units of a given currency, a commission of 0.16% is charged to the seller and 0.26% to the buyer. For amounts over 50,000 units, the commissions are reduced to 0.14% and 0.24% respectively;|
|Cartera||No cryptocurrency wallet is offered on the website;|
|Payment method||Cryptocurrency wallets and money transfers via bank transfer. Deposits/withdrawals via bank cards are not possible;|
|Security||The exchange offers users two-factor authentication (2FA), PGP encryption, and a global configuration lock that prevents changes to the account within a certain period of time;|
|Mobile Application||Kraken Pro and Kraken Futures trading applications.|
Bittrex was launched around the same time as many other exchanges, in 2014. Perhaps the biggest advantage that this exchange offers its users is the wide range of different assets that can be traded. This allows you to significantly diversify your market strategies.
Like many of the major cryptocurrency exchanges, Bittrex has connected wallets that can be used to securely store coins. Bittrex also has extensive security features and technologically advanced software that protect these online wallets and the platform itself.
|Cryptocurrencies||More than 250 trading pairs are available;|
|Commissions and fees||Topping up your euro account is possible through: SEPA bank transfer; International bank transfer; Bank card.Withdrawals to a bank account are possible with an international bank transfer, and for euros a SEPA bank transfer is supported .The withdrawal fee depends on the selected cryptocurrency: in Bitcoin is 0.0005 BTC, in Ethereum - 0.00600000 ETH. The website has a fixed trading fee of 0.25% of the total value of order;|
|Cartera||There is no cryptocurrency wallet;|
|Payment method||Bank transfers, credit/debit cards;|
|Security||Two-factor authentication (2FA); IP verification requiring confirmation of new IP address entry; IP whitelisting; Cold storage for 80-90% of goods;|
|Mobile Application||There are two apps for Android and iOS respectively: Bittrex Global and Bittrex.|
Bitmex was founded in 2014 and has grown rapidly thanks to its enticing margin trading offerings. They offer both open and futures contracts, the latter more akin to binary trading than regular exchanges. In the case of futures, they also offer leverage, allowing you to make money quickly and lose it all. This environment is perhaps best suited for more experienced users.
Bitmex offers good security, but the registration process is almost too simple. It is a justifiable compromise between added convenience and some additional risk. Overall, this cryptocurrency exchange has become a popular choice, especially for margin trading.
|Cryptocurrencies||55 trading pairs;|
|Commissions and fees||BitMEX does not charge any commission for deposits or withdrawals. 075% of the total order value, while Makers are paid an additional 0.025% for each transaction;|
|Cartera||BitMEX Crypto BitMEX Wallet|
|Payment method||Other than cryptocurrencies, BitMEX does not accept any other type of deposit;|
|Security||Funds are stored in cold wallets; two-factor authentication; registration via SMS notifications; multiple sign; Transaction wallets; email communication is encrypted with PGP encryption;|
|Mobile Application||BitMEX Mobile will be launched in September 2020.|
It was founded in late 2012 and is one of the first cryptocurrency exchanges in history. It was a definite trend setter from the beginning and is now known for the trading leverage it offers its users. The leverage offered here allows significant investments to be made in the market. Like any margin trading, this can be a risky venture, but if traded well, it can be very rewarding.
Bitfinex does not have most assets that can be traded, but it does have some options for fiat currencies, which they introduced in 2015 to add some variety to their cryptocurrency market. This exchange is also available to users around the world.
|Cryptocurrencies||More than 140 currencies and 300 currency pairs;|
|Commissions and fees||There are no additional fees for digital currency deposits and withdrawals. If you deposit USD, you will have to pay a commission of 0.1%, but not less than $20;The minimum commission to withdraw money from fiat is $60;With a minimum turnover per month, the trading commission is 0.1% for the originator and 0.2% for the borrower;|
|Cartera||Users can choose between three portfolios: the exchange portfolio, the margin portfolio, and the financing portfolio;|
|Payment method||In addition to cryptocurrencies, users can also make bank transfers and withdraw money on the card.|
|Security||Only 0.5% of cryptoassets are kept online to support daily transactions. The rest of the coins are stored in cold wallets out of reach of hackers. It takes manual approval from several members of the management team to make these wallets available;|
Localbitcoins, another early entrant in the cryptocurrency exchange space, was founded in 2012. It is a unique exchange service that does not focus on volume trading, but operates as a peer-to-peer (P2P) service. This means that although they operate globally, their users traditionally trade more locally.
This platform allows you to find other traders and trade with them. They provide a deposit account to facilitate these transactions and keep accurate portfolios on their members. This creates an environment of trust, especially for new traders who are not yet interested in trading large volumes. Localbitcoins exchange rates can be a bit high compared to other options.
|Commissions and fees||The service charges no 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 ensured by the escrow method, which has proven to be very effective; user accounts are protected by two-factor authentication.|
Since 2014, Poloniex has developed well as a cryptocurrency exchange. Its offering includes over 100 cryptocurrency pairs and a secure environment where users can manage their transactions. Fees are also relatively low, with certain factors playing a role in these costs. One of these factors is trading volume, as larger volumes are rewarded with lower commissions.
They also share the Creator's and Maker's share of the market. A creator creates the position and a taker closes it. Makers have lower rates, which will likely cause other users to work 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 possible without additional fees; the withdrawal fee is fixed and depends on the type of cryptocurrency; trading fees range from 0 to 0.25%; broker commission ranges from 0% to 0.15%; borrower commission ranges from 0.1% to 0.25%; the higher the volume of transactions completed in a month, the lower the commission for all subsequent completed transactions;|
|Payment method||You cannot load an account with a bank card or make withdrawals with a card for users in some countries;|
|Security||The administration strongly recommends that you provide your account with two-factor authentication;|
|Mobile Application||Available at.|
Kucoin is a Singapore-based exchange that was founded only in 2017. Compared to many of the major platforms, it is a young company. However, the creators of this company do not lack experience in the field of cryptocurrencies and they show this experience on their platform. As a result, it has grown rapidly and is now used in several countries around the world.
In terms of security, Kucoin claims to have deployed systems equivalent to those used by banks, creating a protected environment at the highest level. This is done through extensive encryption and multi-level authentication. While this is impressive, it is perhaps too early in the career of this young cryptocurrency exchange to say how secure it all is.
|Cryptocurrencies||More than 200 currencies and over 450 currency pairs;|
|Commissions and fees||All deposits are free on the site and there is a flat fee for withdrawals; KuCoin offers a flat trading fee of 0.10%, which is lower than the industry average.|
|Cartera||Inside cryptocurrency wallet;|
|Payment method||A variety of payment methods supported by fiat P2P services;|
|Security||The Exchange gives you the option of setting up two-factor authentication via Google Authenticator.|
|Mobile Application||Available at.|
They have several contact options for their support team and in several languages. For companies that have not been in business as long as many of the others, there are still some risks. However, the longer Kucoin remains free of dramatic incidents or security breaches, the more trust it will generate among merchants around the world.
It is an exchange based in Austria that was founded in 2014. It was originally called Coinimal, but has since changed its name to Bitpanda. Their mission is to make cryptocurrency trading as easy as possible for everyone. They use an intuitive platform that is easy to access and navigate. Whatever they are doing seems to be working, as they currently have over a million users.
Although focused on cryptocurrencies, Bitpanda also offers the ability to trade certain metals, such as silver and gold. Bitpanda also has several tools and features that make it even easier to buy cryptocurrencies. This includes a fully automated trading platform. You can trade between cryptocurrencies and metals, secure in the knowledge that they are safe and secure through Switzerland.
In addition, Bitpanda has many other ramifications that open up interesting market avenues to explore. These help you save better, increase transaction volume, and even come with Bitpanda's own tokens. Like other internal tokens, these can be used for various benefits, such as reduced fees on trades. The fees on this exchange are relatively low.
|Cryptocurrencies||Bitcoin, Ethereum and more than 30 other digital assets;|
|Commissions and fees||The trading fee for the service depends on the type of currency and the type of transaction. For the purchase of bitcoins 1.49% is paid, for the sale - 1.29%;The commission for reloading and withdrawal is fixed for each currency and is debited to the account;|
|Cartera||Bitpanda cryptocurrency wallet;|
|Payment method||You can make a deposit by bank transfer, credit card, or via electronic payment systems;|
|Security||Bitpanda refers to systems that independently manage users' wallet keys and also offers the following security measures: Cold storage of the background; Session control. Each login attempt from a new device requires two-factor authentication confirmation; email authentication and validation;|
CoinMama is another good exchange. Founded in the golden age of cryptocurrency exchanges in 2013, this company has used its experience to its advantage. It is important to note that while it is technically still an exchange, there is no actual exchange. Instead, you buy and sell cryptocurrencies on and from Coinmama itself.
They offer a decent range of options in terms of payment goods and services. There are also high limits for bitcoin purchases via credit or debit cards. These high limits are accompanied by comparable fees. The platform itself is multilingual, as it caters to a vast global market.
|Cryptocurrencies||A plataforma permite o uso de Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos e EOS;|
|Commissions and fees||There is a 5% service fee when using credit or debit cards, and the platform also 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 that uses 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 ideal exchange for beginners due to its intuitive user interface and worldwide reputation. One drawback to this is that users must have their own cryptocurrency wallet. This is not a bad thing, just a bit more cumbersome, especially for new users. Another factor to consider is that the support available is somewhat inadequate and does not offer as much practical help as other providers.
This exchange was founded in 2015 and is based in the United States. The first thing you should know about this platform is that it serves all possible countries, but especially 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 fees charged for using the services are quite low.
The main feature of Paxful is that it is another P2P exchange. Each trader on the platform creates their own wallet with the information of their respective trades. This way you can check who you are trading with and make sure you are a trustworthy candidate.
The biggest disadvantage is that traders can only sell bitcoin on this platform. There are many different payment methods and several currencies are accepted to buy bitcoin, but only bitcoin can be sold. There are no buying fees, but there is a flat 1% fee for each sale. Even with all the payment services that Paxful accepts, the more obscure ones will probably have higher fees in the form of reduced currency conversion fees.
|Cryptocurrencies||Bitcoin y Tether;|
|Commissions and fees||Fees are charged for selling cryptocurrencies: 0.5% for wire transfers; 1% for debit cards and electronic payments; 3-5% for gift cards; No fees are charged for buying cryptocurrencies; Paxful charges a transfer fee for sending funds to an external wallet. 0 - $9.99 = 0.0001 BTC $10 - $19.99 = 0.0002 BTC Over $20 = 0.0005 BTC;|
|Cartera||The Paxful Wallet app makes it easy to store and manage coins in 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 two-factor authentication, the deposit, and the mandatory verification procedure when working with large quantities;|
|Mobile Application||Paxful Wallet for Android and iOS.|
The company HitBTC, based in Denmark, was founded in 2013. The main focus of this exchange is the large number of assets available to its customers. Reportedly, there are over 800 pairs that you can trade. This allows you to trade some of the more obscure and lesser known crypto options in the world. This is ideal for diversifying your investments and benefiting from a small upside on each option.
They offer a demo account to test the platform and several other features to make the market even more exciting. One of the most important features that this exchange claims to have worked hard on is the security of their clients. This is, of course, an essential part of any online trading experience. They have great liquidity and allow large volumes to be traded.
HitBTC only allows you to deposit certain cryptocurrencies and does not accept fiat options for them. However, HitBTC does offer a built-in system that allows you to buy these cryptocurrencies with debit or credit cards as a deposit. Overall, this is a highly valued exchange, and for good reason.
|Cryptocurrencies||Currently, 800 currency pairs are traded on the platform;|
|Commissions and fees||There are no fees for deposits and a flat fee for withdrawals, depending on the currency; HitBTC uses a multi-tiered system to calculate trading fees. The more a user trades, the lower the commission;|
|Cartera||There is no cryptocurrency wallet;|
|Payment method||The HitBTC exchange can only be supplemented with digital currency;|
|Security||The platform offers two-factor authentication, state-of-the-art encryption technology, and cold storage of funds;|
There are many good cryptocurrency exchanges on the Internet. Hopefully you now know what some of these platforms offer and which ones are best for you.