Cryptocurrency platforms India 2021
The extraordinary power of digital assets
The crypto-currency itself has only been around since 2009. Since its inception, a myriad of new coins have emerged and been added to the long list of options available today. This has sparked considerable interest in crypto-currency trading, as their prices rise and fall dramatically in the market.
In the early days of crypto-currencies, the values of the various currencies, especially bitcoin, varied in all directions. As 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 the potential for large movements in this market, it has stabilized slightly in recent years.
The increased stability of currencies has led 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 in the market and hold them for a period of time to take advantage of the moving values. Not surprisingly, this has led to an increase in the number of new exchanges available in the world.
As the market adapts, so do the bags that are offered to you.
What is a crypto-currency exchange?
To review an exchange, you need to know how they usually work.
A crypto-currency exchange is a platform that allows you to exchange one crypto-currency for another. On most exchanges, you can also exchange your digital assets for other types of assets, such as regular fiat currencies.
Basically, it's a fairly 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 start trading. You deal with real people and trade real goods with them. You can then trade the new goods with other people or keep them until their value increases.
These digital currencies act in the same way as other assets in the market. They are traded at their fair market value, which is affected by a number of external factors, primarily supply and demand. Since crypto-currencies are unique in that they have no value in the real world, prices are largely affected by these external factors.
To fund your account on a crypto-currency exchange, you need a crypto-currency wallet. This is where you keep the coins you own and can move them to the exchange. You can fill this wallet with any coin accepted on the exchange, almost always a type of crypto. That's why most major exchanges offer crypto wallets through their own systems, which helps users protect their balances.
After loading this amount onto the exchange, you place a buy or sell order in the system. This is commonly known as the order book. This is where all buy and sell orders are published so that other traders can check 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 operate its market slightly differently.
Factors affecting the value of crypto-currencies
Digital assets are not based on a tangible resource and have a volatile value.
Before jumping into the major crypto-currency exchanges, it's worth taking the time to look at the factors that have the most effect on the value of crypto-currencies. While this list can never truly be exhaustive, it does have its benefits in 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.
In the case of bitcoin, the maximum possible number of coins that can be minted is 21 million. For any coin, this is a low number and a big reason why it is so popular. When it reaches this limit, which is getting closer and closer, there will be fluctuations as the owners of the currency contemplate what will happen when there is nothing left to 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 more factors, such as the overall benefits offered by each crypto and the regulations affecting different currencies. Knowing the level of interest in these coins will help predict how much 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 them, as they will lose some of their value in the real world. The integration of crypto-currencies will continue to change and grow, which will pull and push value into 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 even more factors that affect the value of these assets, so pay attention to these
Review of exchanges
There are many crypto-currency exchanges available today, and it's harder than ever to choose, with each exchange offering similar offerings, but with a unique makeup. Understanding what to expect from some of the best allows traders to find the ones that best suit their trading style.
A big part of a good crypto-currency exchange is the level of security it offers its customers. This is especially critical in an online environment, which is the vast majority of these. The way these different exchanges approach each other is a good indicator of how much they can be trusted.
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 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 professional version.
Coinbase has quite high commissions, unless you use their pro account. This pro account also allows for more charting capabilities and even some extended indicators that track subtle changes in the market. However, they offer a range of different crypto-currencies, so there is a good selection available.
Despite the variety they offer, there are other exchanges that offer even more variety than this. Coinbase's system is intuitive, so even new users will find it relatively easy to navigate. There are also insurance policies that are provided to help customers 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 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 will incur the following fee: $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. For transactions over $200.00, a fixed interest rate applies. The amount depends on the payment method;|
|Cartera||Free on mobile and online. The advantage of this wallet is that transactions can be made outside the blockchain;|
|Method of payment||Funds can be deposited and withdrawn by credit card, bank transfer and a range of other 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 with AES-256 encryption; Only 2% of your customers' crypto-currency 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. Being a relatively new company, it has managed to significantly increase its offering. Perhaps the main attraction of this exchange is that it has deliberately focused its offering on a wide range of different cryptocurrencies, including over 150 options. There are even a few fiat currency options, but they are significantly more limited than the cryptos present.
Binance has become one of the biggest names in global exchanges, with massive volumes traded every day. Their range of assets and small commissions 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 make it easier for users around the world to access. Perhaps the only real drawback to this exchange is that it has a slightly more complex design than other exchanges and is perhaps best suited for those who have experience with crypto-currency systems such as these.
|Cryptocurrencies||740 different pairs of crypto-currencies and fiats, including BNB's own token;|
|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 tokens (BNB);|
|Cartera||Application mobile Trust Wallet;|
|Method of payment||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 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.|
The Kraken crypto-currency exchange was founded in 2011. After a relatively early start, this group quickly became one of the most popular exchanges in the euro market. They are highly rated and offer a good mix of altcoins as well as fiat currency options to trade. This range of assets may not be their strong suit, but they provide other resources to do so.
Some of the features offered by Kraken include impressive charting tools and even margin trading. This exchange is again aimed at more experienced users and its interface may seem complicated to beginners. It may be the exchange to move to 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 to your account. There are ways around this, but it remains a drawback for some.
|Cryptocurrencies||There are 8 tokens available for trading;|
|Commissions and fees||Transactions of less than 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 over 50,000 units, the commissions are reduced to 0.14% and 0.24% respectively;|
|Cartera||No crypto-currency wallets are offered on the site;|
|Method of payment||Crypto-currency wallets and money transfers via bank transfer. Credit card deposit/withdrawal is not available;|
|Security||The exchange provides users with two-factor authentication (2FA), PGP encryption, and a global configuration lockout, which prevents account changes within a specified time frame;|
|Application mobile||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 this exchange offers its users is a wide range of different assets to trade. This allows for significant diversification in their market strategies.
Like many of the major crypto-currency exchange options, Bittrex has wallets attached to its 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||Over 250 transaction pairs are available;|
|Commissions and fees||Withdrawal fees depend on the cryptocurrency you choose: in bitcoin, it is 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;|
|Cartera||No cryptographic wallet;|
|Method of payment||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;|
|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, the latter of which are more akin to binary trading than regular stock trading. In the case of 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 offers good security, but its registration process is almost too simple. It's a justifiable trade-off between added convenience and some added risk. Overall, this crypto-currency exchange has become a popular choice, especially for margin trading.
|Cryptocurrencies||55 trading pairs;|
|Commissions and fees||BitMEX does not charge fees for deposits or withdrawals. 075% of the total order value, while manufacturers are paid an additional 0.025% for each transaction;|
|Cartera||Crypto BitMEX Wallet;|
|Method of payment||Apart from crypto-currencies, BitMEX does not accept any other type of deposit;|
|Security||Funds are stored in cold wallets; Two-factor authentication; Registration via SMS notifications; Multi-signature wallets for transactions;Email communications are encrypted using 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 in existence. A forerunner from the very beginning, it is now known for the trading margin it offers to its users. The leverage they offer here allows for significant investment in the market. Like all margin trading, it can be a risky business, but if done right, it can be very rewarding.
Bitfinex doesn't have the largest number of assets to trade, but it does have some fiat currency options that it introduced in 2015 to add some variety to its crypto-currency marketplace. This exchange is also available to users around the world.
|Cryptocurrencies||Over 140 currencies and 300 currency pairs;|
|Commissions and fees||There are no additional payments for digital currency deposits and withdrawals. When you deposit USD, you will have to pay a 0.1% commission, but not less than $20;The minimum commission for withdrawing money from fiat currency is $60; With the minimum turnover of the currency per month, the trading commission is 0.1% for the creator and 0.2% for the taker;|
|Cartera||Users can choose between three portfolios: the trading portfolio, the margin portfolio and the financing portfolio;|
|Method of payment||In addition to crypto-currencies, users can make bank transfers and withdraw money on the card;|
|Security||Only 0.5% of crypto assets are kept online to support daily transactions. The rest of the coins are stored in cold wallets, out of reach of hackers. To make these wallets available, manual authorization from several members of the management team is required;|
Another early player in the crypto-currency exchange game, Localbitcoins started back in 2012. They are a unique exchange service in that, instead of focusing on volume trading, they operate 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 meet other traders and trade with them. They provide a deposit account to facilitate these trades 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. 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 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 2014, Poloniex has achieved good results in its role as a crypto-exchange. Its offering includes over 100 crypto-pairs and a secure environment for users to manage their transactions. Commissions are also relatively low, with some factors weighing on these costs. One of these factors is the volume traded, with higher volumes being rewarded with lower fees.
They also share the commission for the makers and buyers in the market. A maker creates the position and a taker closes it. Makers have lower commissions, which is likely to encourage other users to work with them. There are also other features to help users navigate the platform, from live chat boxes to data analysis tools.
|Cryptocurrencies||Over 100 currency pairs;|
|Commissions and fees||All deposits are allowed without additional fees; Withdrawal fees are fixed and depend on the type of cryptocurrency; Transaction fees are 0-0.25%; Creator fees are 0-0.15%; Borrower fees are 0.1-0.25%; The higher the volume of transactions made in a month, the lower the fees for all transactions made thereafter;|
|Method of payment||Topping up an account with a bank card or withdrawing money from a card is not available for users from certain 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 of the larger platforms, it is a young company. Yet, the developers behind this company certainly don't lack experience in the crypto-currency space and demonstrate that experience on their platform. Because of this, it has grown quickly and is now used in several countries around the world.
In terms of security, Kucoin said it uses banking systems, creating a protected environment at the highest level. This includes extensive encryption and multi-level authentication. While this is impressive, it may still be too early in the career of this young crypto-currency exchange to know how secure it is.
|Cryptocurrencies||More than 200 currencies and over 450 pairs of quotes;|
|Commissions and fees||All deposits are free on the site and there is a flat fee for withdrawals. KuCoin offers a flat transaction fee of 0.10%, which is lower than the industry average;|
|Cartera||Site's internal crypto-currency wallet;|
|Method of payment||A variety of payment methods supported by P2P services in fiat;|
|Security||The exchange gives you the ability to set up two-factor authentication using Google Authenticator;|
|Application mobile||Available on.|
The support team has a range of contact options, all in a selection of different languages. As these are companies that have not been in business as long as many others, some risks remain. However, the longer Kucoin remains without dramatic incidents or security flaws, the more trust it will garner from merchants around the world.
It is an Austrian-based exchange that started in 2014. It was originally called Coinimal, but has since become Bitpanda. Their mission is to make trading crypto-currencies 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 focus primarily on crypto-currencies, Bitpanda also offers trading in certain metals such as silver and gold. They also have several tools and features that make buying crypto even easier. This includes a fully automated trading platform. You can trade between crypto and metals with the assurance that they are secured by Switzerland.
Apart from that, Bitpanda has many other offshoots that open up interesting sides of the market to explore. These allow for better savings, higher volume transactions and even come with their own Bitpanda tokens. Like other proprietary tokens, these can be used to gain various benefits such as reduced fees when trading. The fees for this exchange are relatively low.
|Cryptocurrencies||Bitcoin, Ethereum and more than 30 other digital assets;|
|Commissions and fees||The commission for trading service depends on the type of currency and the nature of the transaction. When buying bitcoins, 1.49% is paid, when selling - 1.29%;The commission on replenishment and withdrawal is set for each currency and debited to the account;|
|Cartera||Crypto-currency wallet Bitpanda;|
|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 user wallet keys; in addition, the following security measures are offered: back-end cold storage; session control. Each login attempt from a new device requires a two-factor authentication confirmation: authentication and validation via email;|
CoinMama is another good exchange. Having started out in the golden age of crypto-currency exchanges in 2013, this company has used its experience to great advantage. It's important to note that while it's still technically an exchange, there are actually no exchanges available. Instead, you are buying and selling crypto-currencies to and from Coinmama itself.
They offer a decent range of options in terms of goods and payment services. There are also high limits associated with purchasing bitcoins through credit or debit cards. These high limits are charged at a comparable fee. The platform itself supports multiple languages as it caters to a large global market.
|Cryptocurrencies||La plataforma vend Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos y EOS;|
|Commissions and fees||Using credit or debit cards incurs a 5% service fee. The platform also charges 3.90% for the purchase of parts and 0.9% for the sale of parts;|
|Method of payment||Credit/debit cards and bank transfers; supports SEPA and SWIFT payments;|
|Security||Coinmama is a reputable company with a secure website that uses Trust Guard and Comodo 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 crypto-currency wallet. This isn't a bad thing, just a bit more cumbersome, especially for new users. Another factor to consider is that the support they have is somewhat lacking, not providing as much hands-on help as others.
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, although mainly in Europe and the United States. Considered the "Uber" of crypto-currency exchanges, this system has a very basic model. The security is of good quality and the fees for using its services are quite low.
The main feature of Paxful is that it is another P2P exchange. Each trader on their platform develops their own portfolio, with information about their 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 traders only sell bitcoins on this platform. There are many different payment methods and they accept a number of currencies to buy bitcoins, but only bitcoins can be sold. There is no purchase fee, but a flat 1% fee for any sale. Even with all the payment services Paxful accepts, the more obscure ones are likely to see higher fees in the form of reduced conversion fees for bitcoins.
|Cryptocurrencies||Bitcoin y Tether;|
|Commissions and fees||Fees apply to the sale of crypto-currencies: 0.5% for bank transfers; 1% for bank cards and e-payments; 3-5% for gift cards; No fees are charged for purchasing crypto-currencies; 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;|
|Cartera||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||System security is provided by two-factor authentication, deposit and mandatory verification procedure when working with large quantities;|
|Application mobile||Paxful wallet for Android and iOS.|
HitBTC, based in Denmark, first appeared in 2013. The key point of this exchange is the large number of assets available for its customers. There are more than 800 pairs that you can trade. This allows you to trade some of the most obscure and lesser known crypto-currency options in the world. This is a great way to diversify your investments and take advantage of the small growths between each investment.
They offer a demo account to test 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 great liquidity and allow for high volume trading.
HitBTC only allows you to deposit certain crypto-currencies and does not accept any fiat options for this. However, they do offer a built-in system that allows you to purchase these cryptocurrencies for deposit using debit or credit cards. Overall, this is a highly rated exchange for a reason.
|Cryptocurrencies||Currently, 800 currency pairs are traded on the platform;|
|Commissions and fees||There is no commission for deposits and a fixed commission for withdrawals, depending on the currency; HitBTC uses a tiered commission calculation system. The more transactions a user makes, the lower your commission;|
|Cartera||The crypto-currency wallet does not exist;|
|Method of payment||The HitBTC exchange can be replenished exclusively with digital currency;|
|Security||The platform offers 2-factor authentication, state-of-the-art encryption technology and cold storage of funds;|
There are many good crypto currency exchanges available online. Hopefully, you now know what some of these platforms offer and which one might be the best for you.