Best trading platforms India 2021
The extraordinary power of digital goods
The crypto-currency itself has only been around since 2009. Since its inception, many new currencies have emerged, further expanding the long list of options currently available. This has led to a great deal of interest in trading crypto-currencies, while their market prices rise and fall sharply.
In the early days of crypto, the values of the various currencies, and bitcoin in particular, were all over the place. As entirely digital assets, there was no direct value to be placed on them. This meant that their price fluctuations were dramatic in the early years. While there is still potential for big moves in this market, it has calmed down somewhat in recent years.
More stable currencies have brought even more traders into 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 it for an extended period of time to take advantage of moving values. Unsurprisingly, this has led to an increase in the number of new exchanges available around the world.
As the market adapts, so do the scholarships available to you.
What is a Crypto exchange?
To evaluate a salon, you need to know how they usually work
A crypto exchange is a platform where you can trade one crypto for another. On most exchanges, you can also exchange your digital assets for other types of assets, such as regular fiat currency.
Basically, it's a pretty simple process to understand. All you have to do is log in to one of these platforms, enter the currency and the amount of money you have and want to trade, and you start trading. You trade with real people and exchange real goods with them. You can then trade the new goods with other people or hold on to them until their value increases.
These digital currencies behave very similarly to other assets in the market. They trade roughly at their fair market value, which is influenced by various external factors, primarily supply and demand. Since crypto is unique in that it has no real value in the world, prices are largely influenced by these external factors.
To fund your account on a crypto-currency exchange, you need a crypto-currency wallet. This is where you keep your own coins and then put them on the exchange. You can fill this wallet with any currency accepted on the exchange, usually a type of crypto. That's why most high-end exchanges offer crypto-currency wallets through their own system, so users can protect their assets.
Once you have loaded that amount onto the exchange, you place a buy or sell order into the system. This is commonly referred to as an order book. This is where all the buy and sell orders are placed so that other traders can keep track of what is going on. It is essentially a service that connects interested parties. When a party sees an order to buy or sell that they want to participate in, they place the order. Each exchange will manage its market slightly differently.
Factors that influence the value of Crypto
Digital assets are not based on a tangible resource and have an ephemeral value.
Before jumping into the biggest crypto-currency exchanges, it's worth taking some time to consider the factors that have the most effect on crypto-currency values. While this list can never truly be exhaustive, there are benefits to better understanding how these values can change.
- Limited Supply. One of the largest factors currently affecting cryptocurrency, in particular bitcoin, is a limit on the available supply. This is significant because there is a fixed limit of how many are out right now and how many more can possibly be released. Due to the way crypto is created, the release of more coins becomes increasingly more difficult the closer it gets to the maximum.
For bitcoin, the maximum number of coins that can be minted is 21 million. For any coin, this is a low number, and it is one of the main reasons why they are so valuable. When this maximum is reached, and it is very close, there will be fluctuations, as the owners of the coin wonder what will happen if it can no longer 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 crypto will vary depending on even more factors, such as the overall benefits each offers and the regulations affecting the different currencies. If you know the level of interest in these coins, you can predict how much of the total value demand will be.
- 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 assets, as they will lose some of their real value. The integration of crypto-currencies will continue to change and grow, attracting and driving 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 other factors that influence the value of these assets, so pay attention to them
Overview of the exchanges
Each exchange has a similar offering, but with a unique mix. Understanding what to expect from the best of them will help traders find the one that best suits 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 handle this is a good indicator of how much you can trust them and how reliable they are.
Your market environment can be an important factor in your overall experience and success.
Coinbase is a very popular exchange. It was established in 2012, just a few years after the release of bitcoin. This exchange is mainly 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 account and a pro version.
Coinbase has a fairly high fee, unless you use their pro account. This pro account also allows for more charting options and even some comprehensive indicators that track subtle changes in the market. They do offer a range of different crypto-currencies though, so there is a good selection available.
Despite the range they offer, there are other exchanges that offer even more variety than this. Coinbase's system is intuitive, so even new users will be able to find their way around fairly easily. There are also insurance policies that are available to customers to help protect their crypto-currency wallets.
Overall, this is definitely a comprehensive crypto currency exchange that offers all the necessary options, especially for new users. With all the bells and whistles available here, you can be sure that you are in a good environment to work with crypto.
|Cryptocurrencies||23 types of digital currencies.|
|Commissies en honoraria||For all transactions under $200, you will be charged the following fee: $0.99 - for transactions under $10; $1.49 - for transactions from $10 to $25; $1.99 - for transactions from $25 to $50; $2.99 - for transactions from $50 to $200. Its value depends on the payment method.|
|Portfolio||Free on mobile and online. The advantage of this wallet is that transactions can be made off-chain.|
|Method of payment||You can deposit and withdraw funds by credit card, bank transfer and a range of payment systems. SEPA transfers are available for EU residents;|
|Security||Two-factor authentication; All website traffic is encrypted with SSL cryptographic protocol; All wallet keys are protected with AES-256 encryption; Only 2% of your customers' cryptocurrency funds are stored online and are insured in case of loss;|
|Application mobile||Mobile apps for Android and iOS.|
This crypto-currency exchange first appeared in 2017. As a relatively new company, they have still managed to significantly increase their offerings. Perhaps the biggest appeal of this exchange is that they have deliberately focused their offerings on a wide range of cryptocurrencies, including over 150 options. There are even a few fiat currency options, but they are considerably more limited than the crypto-currencies present.
Binance has become one of the biggest names in the global foreign exchange market, with large volumes traded every day. Their variety of assets and low rates 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 crypto-currencies or the handful of fiat currencies that Binance allows. This is an often underrated benefit that serves to give users around the world easier access. The only real downside to this exchange is that it is slightly more complicated than other exchanges and is perhaps best suited for those who have experience with such crypto systems.
|Cryptocurrencies||740 different crypto and fiat pairs, including BNB's own token;|
|Commissies en honoraria||Binance offers competitive transaction fees (commissions): 0.1% on each side of the transaction or 0.075% if you use your Binance tokens (BNB);|
|Portfolio||Mobile Trusted Wallet Application;|
|Method of payment||Bank transfer, debit/credit cards, various P2P payment channels;|
|Security||The exchange has launched the CryptoSafe Alliance (CSA). This initiative brings together exchanges, blockchain protocols, cybersecurity experts and regulatory compliance firms. It is the first comprehensive tool for monitoring and protecting against threats in a decentralized data exchange environment.|
|Application mobile||A free app is available on the Google Play Store or App Store.|
Kraken was established in 2011. After a relatively early start, it quickly rose to become one of the most popular exchanges in the euro market. They are highly rated and offer a good mix of altcoins as well as fiat currency options to trade. This range of assets may not be their strong point, but they do offer other features to help you.
Some of the features offered by Kraken include impressive charting tools and even margin trading. Again, this exchange is aimed at more experienced users and its interface may seem complicated to beginners. You may want to switch to this exchange once you know more about the experience and how to manage these trades.
This is definitely a first-class exchange, with all the important features to support its most advanced users. One notable drawback is that there aren't many payment options that allow you to make deposits to your account. There are ways around this, but it remains a drawback for some.
|Cryptocurrencies||8 tokens are available for trade;|
|Commissies en honoraria||For transactions of less than 50,000 units of a given currency, a commission of 0.16% for the seller and 0.26% for the buyer is applicable; for amounts above 50,000 units, the commissions are reduced to 0.14% and 0.24% respectively;|
|Portfolio||No crypto-currency wallet is offered on the site;|
|Method of payment||Crypto-currency wallets and money transfers via bank transfer. It is not possible to make deposits/withdrawals with bank cards;|
|Security||It provides users with two-factor authentication (2FA), PGP encryption, and global settings lockout, which prevents account changes within a certain time frame;|
|Application mobile||Les applications de trading Kraken Pro et Kraken Futures.|
Started around the same time as many other exchanges, Bittrex was first introduced in 2014. Perhaps the biggest benefit this exchange offers its users is the wide range of different assets they can trade with. This allows for significant diversification in their market strategies.
Like many of the major crypto exchange options, Bittrex has wallets attached to its system that can be used for secure storage of all currencies. They also have extensive security features and technologically advanced software that will protect these online wallets and the platform itself.
|Cryptocurrencies||250+ commercial pairs are available;|
|Commissies en honoraria||The update of your account in euros is possible via: a SEPA transfer; an international bank transfer; a bank card. A withdrawal in Fiat is possible on a bank account via an international bank transfer, and for euros, a SEPA transfer is taken care of. Withdrawal fees depend on the chosen cryptocurrency: in bitcoin, it 0.0005 BTC, in Ethereum - 0.00600000 ETH. The site applies a fixed transaction fee of 0.25% of the total value of the order;|
|Portfolio||No crypto 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 whitelisting; cold storage for 80-90% of assets;|
|Application mobile||There are two apps for Android and iOS respectively: Bittrex Global and Bittrex.|
Bitmex started in 2014 and has grown rapidly thanks to their enticing margin trading offerings. They offer both perpetual and futures contracts, with the latter being more akin to binary trading than regular trading. For futures, they also offer leverage, which can be both a powerful way to make money quickly and a quick way to potentially lose it all. This is perhaps a more suitable environment for more experienced users.
Bitmex has good security, but their signature process is almost too easy. It's a justifiable trade-off between added convenience and some added risk. Overall, this crypto-currency exchange has become a popular option, especially for margin trading.
|Cryptocurrencies||55 trading pairs;|
|Commissies en honoraria||BitMEX does not charge fees for deposits or withdrawals. When withdrawing BTC, a minimum of Bitcoin Network Commission is applied; trading commissions for takers are 0.075% of the total order value, while manufacturers an additional 0.025% for each transaction;|
|Portfolio||Crypto BitMEX portemonnee;|
|Method of payment||Apart from crypto-currencies, BitMEX does not accept other deposits;|
|Security||Funds are stored in cold wallets; two-factor authentication; enrollment via SMS notifications; multi-signature wallets for transactions; email communication is encrypted with PGP encryption;|
|Application mobile||BitMEX Mobile will be launched in September 2020.|
Founded in late 2012, it is one of the first crypto-currency exchanges. A trendsetter since the beginning, it is now known for the margin it offers to its users. The leverage they offer here allows you to invest massively 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 a few fiat currency options that they introduced in 2015 to add some variety to their crypto marketplace. This exchange is also available to users around the world.
|Cryptocurrencies||Over 140 currencies and 300 trading pairs;|
|Commissies en honoraria||There are no additional payments for deposits and withdrawals in digital currencies. When you deposit USD, you have to pay a 0.1% commission, but not less than $20; the minimum fee for withdrawing fiat money is $60; with the minimum movement of currencies per month, the trading fee is 0.1% for the creator and 0.2% for the taker;|
|Portfolio||Users can choose from three wallets - Exchange Wallet, Margin Wallet and Finance Wallet;|
|Method of payment||In addition to crypto-currencies, users can also make bank transfers and cash withdrawals on the card;|
|Security||Only 0.5 percent of crypto assets are kept online to ensure daily transactions. The rest of the coins are stored in cold wallets, out of reach of hackers. Making these wallets available requires manual authorization from several members of the administrative team;|
Another startup in the crypto exchange game, Localbitcoins, was born in 2012. It is a unique exchange service in that, instead of 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.
This platform allows you to meet other traders and trade your trades. They offer an escrow account to facilitate these trades and keep their members' portfolios tight. This creates an environment of trust, especially for new traders who are not yet interested in high volume trading. Localbitcoins exchange rates can be a bit high compared to other options.
|Commissies en honoraria||The service does not charge a commission to the buyer. For sellers, there is a fixed commission of 1% on each sale.|
|Method of payment||Bank transfers, credit cards, electronic systems;|
|Security||Transaction security is provided by the escrow method, which has proven to be very effective; user accounts are protected by two-factor authentication.|
Since its inception in 2014, Poloniex has performed well in its role as a crypto-currency exchange. Their offering includes over 100 crypto pairs and a secure environment for users to manage their transactions. Costs are also relatively low, with some factors working in favor of these costs. One of these factors is the volume at which you trade, with higher volumes being rewarded with lower fees.
They also divide the remuneration of manufacturers and buyers in the market. A maker creates the position and a taker closes it. Manufacturers have lower costs, so other users are likely to have more positions to work with. There are also other features to help users navigate the platform, from live chat boxes to data analysis tools.
|Cryptocurrencies||100+ casting gaskets|
|Commissies en honoraria||All deposits are allowed without additional fees; withdrawal fees are fixed and depend on the type of crypto-currency; trading commissions are 0-0.25%; maker's commission is 0-0.15%; maker'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 thereafter;|
|Method of payment||Topping up an account with a bank card or withdrawing a card is not available for users from some countries;|
|Security||The administration strongly recommends adding two-factor authentication to your account;|
|Application mobile||Available on.|
Kucoin is a Singapore-based exchange that only started in 2017. Compared to many leading platforms, it is a young company. However, the creators behind this company certainly don't lack experience in the crypto-currency space, and they showcase this expertise in their platform. As a result, it has grown quickly and is now used in several countries around the world.
In terms of security, Kucoin said they use bank-equivalent systems, and create a protected environment at the highest level. This is done through extensive encryption and multi-level authentication. While this is impressive, it may be too early in the career of this young crypto-currency exchange to say how secure it all is.
|Cryptocurrencies||Over 200 currencies and over 450 trading pairs;|
|Commissies en honoraria||All deposits are free on the site and there is a flat fee for withdrawals. KuCoin offers a fixed trading fee of 0.10%, which is lower than the industry average.|
|Method of payment||A variety of payment methods supported by fiat P2P services;|
|Security||This switch allows you to establish two-factor authentication through Google Authenticator.|
|Application mobile||Available on.|
The support team has a variety of contact options, and in many different languages. With companies that haven't been around as long as others, there are always risks. However, the longer Kucoin remains without dramatic incidents or security breaches, the more trustworthy it will be to merchants around the world.
This is an Austrian exchange that started in 2014. It was originally called Coinimal, but has since become Bitpanda. Their entire mission is to make crypto trading as easy as possible for everyone. They use an intuitive, easy to access and navigate platform. Whatever you do, it seems to work, as they currently have over a million users.
Although they mainly focus on crypto-currencies, Bitpanda also offers trading in certain metals like silver and gold. They also have several tools and features that make buying crypto even easier. Among them is a fully automated trading platform. You can trade between crypto and metals with the assurance that they are safe and secure by Switzerland.
In addition, Bitpanda has many other branches that open up interesting sides of the market to explore. This allows you to save more money, increase turnover and even bring your own Bitpanda tokens. Like other proprietary tokens, they can be used to obtain various benefits such as reduced costs when trading. The cost of this exchange is relatively low.
|Cryptocurrencies||Bitcoin, Ethereum en 30+ digitale activa;|
|Commissies en honoraria||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;|
|Method of payment||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 and offer the following security measures: cold storage background; session control. Each login attempt from a new device requires confirmation with two-factor authentication;Authentication and validation via email;|
CoinMama is another good exchange. Started within the golden age of crypto-currency exchanges in 2013, this company has definitely used its experience to its advantage. It's important to note that while it is technically an exchange, it doesn't actually allow exchanges. Instead, you buy and sell crypto-currencies to and from Coinmama itself.
They offer a decent selection of credit and payment services. There are also high limits associated with purchasing bitcoins via credit or debit cards. These high limits come with similar costs. The platform itself allows for the use of multiple languages as it caters to a large global market.
|Cryptocurrencies||This platform allows you to use Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos in EOS;|
|Commissies en honoraria||The use of credit or debit cards incurs a 5% service fee, and the platform charges 3.90% for the purchase of coins and 0.9% for their sale;|
|Method of payment||Credit/debit cards and bank transfers; supports SEPA and SWIFT payments;|
|Security||Coinmama is a reputable company with a secure site 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 exchange that is very suitable for beginners due to its intuitive interface and worldwide reputation. One drawback to this is that they require users to have their own cryptographic folders. This is not a bad thing, just a bit more troublesome, especially for new users. Another factor to be wary of is that their available support is somewhat lacking, offering no help like some others might.
This exchange started in 2015 and is based in the US. The first thing to note about this platform is that it targets as many countries as possible, mainly in Europe and the United States, however. This system, which considers itself the "Uber" of crypto-currency exchanges, has a very basic model. The security is of good quality and the respective costs associated with using its services are quite low.
The main feature of Paxful is that it is again a P2P exchange. Each trader on their platform develops their own portfolio, with information about their respective trades. This way you can check who you are trading with and make sure they are a reliable 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 to buy bitcoins, but you can only sell bitcoins. There is no purchase fee, but a flat 1% fee for each sale. Even with all the payment services Paxful accepts, the more obscure ones are likely to see a larger fee in the form of reduced currency conversion rates.
|Cryptocurrencies||Bitcoin en Tether;|
|Commissies en honoraria||Commissions are charged for selling crypto-currencies: 0.5% for bank transfers; 1% for debit cards and e-payments; 3-5% for gift cards; No commission is charged for buying crypto-currencies; Paxful will charge a transfer fee for sending money 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 crypto-currency 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||The security of the system is guaranteed by two-factor authentication, deposit and mandatory verification procedure when large sums are involved;|
|Application mobile||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 for its customers. There are reportedly over 800 pairs to trade. This allows you to trade some of the most obscure and lesser known crypto options in the world. It's great to diversify your investments and get some growth between each one.
They offer a demo account to try out the platform and various other features to make the exchange even more exciting. One of the most important features that this exchange claims to have worked on extensively is the security of its clients. This is, of course, an essential part of any online trading experience. They have high liquidity and allow for high volume trading.
HitBTC only allows you to deposit certain cryptos and does not accept fiat options for this purpose. However, they do offer a built-in system where you can purchase these cryptos to deposit with a debit or credit card. Overall, this is a highly rated exchange for a reason.
|Cryptocurrencies||800 currency pairs are traded on the platform today;|
|Commissies en honoraria||No commission for deposits and a fixed commission for withdrawals, depending on the currency; HitBTC uses a multi-level trading fee calculation system. The more transactions a user makes, the lower your commission;|
|Portfolio||No crypto-currency wallet;|
|Method of payment||The HitBTC exchange can only be topped up with digital currency;|
|Security||The platform offers two-factor authentication, high-level encryption technology and cold storage of funds;|
There are many good crypto currency exchanges available online. I hope you now know what some of these platforms offer, and which one is right for you.