Cryptocurrency platforms India 2021
The extraordinary power of digital assets
The crypto-currency itself has only been around since 2009. Since its inception, a large number of new currencies have been added to the long list of available options. This has created a lot of interest in trading cryptocurrencies, as their prices rise and fall sharply in the market.
In the early days of crypto-currencies, the values of the various currencies, including bitcoin, varied widely. Since they are entirely digital assets, no direct value can be assigned to them. This means that their price fluctuations were very large in the early years. Although large movements are still possible in this market, it has stabilized somewhat in recent years.
More stable currencies have brought even more traders into the market. One of the most popular methods is currency trading. In this case, traders in the market exchange one asset for another and hold it for an extended period of time to take advantage of changing values. Not surprisingly, this has led to a sharp increase in the number of new trades around the world.
As the market adapts, so do the exchanges that are offered to you.
What is a cryptocurrency exchange?
To examine the exchanges, you need to know how they generally 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, the process is fairly simple to understand. All you have to do is log in 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 assets with them. You can then trade these new assets with other people or hold them until their value increases.
These digital currencies function much like other assets in the market. They are traded roughly at their market value, which is influenced by many external factors, primarily supply and demand. Since crypto-currencies are unique in that they have no real value, their prices are largely influenced by these external factors.
To fund your account on the crypto currency exchange, you need a crypto currency wallet. This is where you store the currencies you own and then transfer them to the exchange. You can fill this wallet with any currency that is accepted on the exchange, usually some sort of crypto-currency. That's why most major exchanges offer crypto-currency wallets through their own systems, which help users protect their assets.
Once this amount is uploaded to the exchange, you give the system a buy or sell order. This is commonly known as the order book. All buy and sell orders are placed there so that other traders can see what is going on. It is actually a service that connects the parties involved. When a party sees a buy or sell order that they want to participate in, they request it. Each exchange will manage its market in a slightly different way.
Factors influencing the value of crypto-currencies
Digital assets are not based on tangible assets and have a variable value.
Before jumping on the biggest crypto-currency exchanges, it's worth taking a moment to consider the factors that have the greatest influence on the value of crypto-currencies. While this list can never truly be exhaustive, there are benefits to understanding how these values can change.
- Limited Supply. One of the largest factors currently affecting cryptocurrency, in particular bitcoin, is a limit on the available supply. This is significant because there is a fixed limit of how many are out right now and how many more can possibly be released. Due to the way crypto is created, the release of more coins becomes increasingly more difficult the closer it gets to the maximum.
For bitcoin, the maximum possible number of coins to be minted is 21 million. This is a low number for any currency and is one of the reasons why they are valued so highly. When this limit is reached, which is very close, there will be fluctuations, as the owners of the currency wonder what will happen if no more coins can 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-currency will vary depending on other factors, such as the overall benefits each currency offers and the regulations that apply to the different currencies. Knowing the level of interest in these currencies will help you 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 limited by regulation. This will naturally affect the demand for these assets, as they will lose some of their real value. The integration of crypto-currencies will constantly change and develop, pulling and pushing 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.
Other factors affect the value of these assets. Please pay particular attention to the following
Overview of the exhibition
There are many crypto-currency exchanges available today and it is harder than ever to choose one.Each exchange has a similar offering, but with a unique makeup. When traders understand what they can expect from the best ones, they can find the ones that best suit the way they want to trade.
A big part of a good crypto-currency exchange is the level of security it offers its customers. This is especially important in an online environment, and it usually is. How the various exchanges handle this is a good indicator of how much you can trust them.
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 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 version 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 powerful indicators to track subtle changes in the market. However, they do offer a number of different crypto-currencies, so there is plenty to choose from.
While they offer this range, there are other exchanges that offer even more variety. Coinbase's system is intuitive, so even new users will find it easy to navigate. Insurance policies are also available to help protect customers' crypto-currency wallets.
Overall, this is certainly 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-currencies.
|Cryptocurrencies||23 types of digital parts;|
|Commissies en honoraria||For all transactions under $200, the following fees are charged:$0.99 - for transactions under $10.00;$1.49 - for transactions between $10 and $25.00;$1.99 - for transactions between $25 and $50.00;$2.99 - for transactions between $50 and $200.For transactions over $200.00, a fixed interest rate comes into play. The amount depends on the payment method;|
|Portfel||Free on mobile and online. The advantage of this wallet is that transactions can be made outside the blockchain;|
|Method of payment||Money can be deposited and withdrawn with a bank 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 its customers' crypto-currency funds are stored online and are insured against loss;|
|Application mobile||Mobile apps for Android and iOS.|
This crypto-currency exchange first appeared in 2017. As a relatively new company, it has still managed to expand its offerings significantly. Perhaps the biggest advantage of this exchange is that it has deliberately focused on a wide range of different cryptocurrencies, including over 150 options. There are even currency options, but they are much more limited than crypto-currencies.
Binance has become one of the biggest names in the global currency arena, trading huge volumes every day. The variety of assets and low costs have made it 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 various fiat currencies that Binance allows. This is an often underrated benefit that makes it easier for users from all over the world to access. Perhaps the only real drawback to this exchange is its slightly more complicated layout than some other exchanges, and it may be better suited to those who have experience with such cryptocurrency systems.
|Cryptocurrencies||740 different pairs of crypto-currencies and fiat currencies, including NBB'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);|
|Portfel||Application mobile Trust Wallet;|
|Method of payment||Bank transfer, debit/credit cards, various P2P payment channels;|
|Security||The exchange has created 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;|
|Application mobile||The free app is available on the Google Play Store or the App Store.|
The Kraken crypto-currency exchange was first launched in 2011. After a relatively early start, it 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 options to exchange fiat currency. This range may not be their strong suit, but they do offer other tools to help you.
Some of the features offered by Kraken include impressive charting tools and even margin trading. This exchange also caters to more experienced users, and its interface may seem complicated to beginners. This may be the exchange you turn to once you learn more about the experience and how to manage these trades.
This is definitely a top-notch exchange with all the important features that support more advanced users. One drawback is that there are not as many payment options you can use to deposit to your account. There are ways around this, but it is still a drawback for some.
|Cryptocurrencies||There are 8 tokens available for trading;|
|Commissies en honoraria||Transactions of less than 50,000 units of a 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;|
|Portfel||No wallets for crypto-currencies are offered on the site;|
|Method of payment||Crypto-currency wallets and money transfer by bank transfer. Deposit/withdrawal by credit card is not possible;|
|Security||The exchange provides users with two-factor authentication (2FA), PGP encryption, and a global settings lockout that prevents account changes for a period of time;|
|Application mobile||Les applications de trading Kraken Pro et Kraken Futures.|
Bittrex was founded around the same time as many other exchanges, and was first introduced in 2014. Perhaps the biggest advantage of this exchange is the wide range of different assets that can be traded. This allows for significant diversification of your strategy in the market.
Like many other leading crypto-currency exchanges, Bittrex has wallets in its system, which can be used to safely store any currency. It also has extensive security features and high-tech software to protect these online wallets and the platform itself.
|Cryptocurrencies||More than 250 pairs of stores are available;|
|Commissies en honoraria||Upgrading in euros is possible via: SEPA; international bank transfer; bank card.Withdrawals in Fiat can be made to a bank account via an international bank transfer and, in the case of the euro, a SEPA transfer credit. Withdrawal fees depend on the chosen cryptocurrency: in bitcoin, they are 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;|
|Portfel||No wallet for crypto-currencies;|
|Method of payment||Bank transfers, credit/debit cards;|
|Security||Two-factor authentication (2FA); IP verification, which requires email confirmation when entering from a new IP address; IP whitelists; 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 with enticing offers for margin trading. It offers both perpetual and futures contracts, the latter of which are more like binary trading than the regular stock market. 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 an environment better suited to more experienced users.
Bitmex has good security, but their registration process is almost too easy. It is a reasonable compromise between added convenience and some added risk. Overall, this crypto-currency exchange has become a popular option, especially for margin trading.
|Cryptocurrencies||55 commercial pairs;|
|Commissies en honoraria||BitMEX does not charge a deposit or withdrawal fee. 0.075% of the total order value, while creators receive an additional 0.025% on each transaction;|
|Portfel||BitMEX cryptocurrency portemonnee|
|Method of payment||Apart from cryptocurrencies, BitMEX does not accept other deposits;|
|Security||Funds are stored in cold wallets; Two-factor authentication; SMS registration; Multiple signatures; Email communication is encrypted with PGP encryption ;|
|Application mobile||BitMEX Mobile will be launched in September 2020.|
It was founded in late 2012 and is one of the first crypto-currency exchanges. It has been a forerunner since its inception, and is now known for the hedging it offers to its users. Leverage allows for a large investment in the market. Like any margin trade, it can be a risky venture, but with proper trading, it can be very profitable.
Bitfinex does not have the largest amount of assets to trade, but it does have several currency options that it introduced in 2015 to diversify its crypto-currency market. This exchange is also available to users around the world.
|Cryptocurrencies||More than 140 pieces and 300 exchange pairs;|
|Commissies en honoraria||No additional fees for deposits and withdrawals in digital currencies. When depositing USD, you have to pay a 0.1% commission, but not less than $20;Minimum commission to withdraw fiat money is $60;For a minimum currency turnover per month, the trading commission is 0.1% for the creator and 0.2% for the acceptor;|
|Portfel||Users can choose from three wallets - Exchange Wallet, Margin Wallet and Finance Wallet;|
|Method of payment||In addition to crypto-currencies, users also have bank transfers and card withdrawals at their disposal.|
|Security||Only 0.5% of crypto-currency assets are stored online to enable daily transactions. The rest of the coins are stored in cold wallets, out of reach of hackers. Manual approval from several members of the management team is required to make these wallets available;|
Another pioneer in the field of crypto-currency exchanges, Localbitcoins started in 2012. It is a unique exchange service because, instead of focusing on volume trading, it operates as a peer-to-peer (P2P) service. This means that while it operates globally, its users traditionally have a more localized trading experience.
Through this platform, you can meet other traders and negotiate your exchange transactions. To facilitate these trades, you provide an escrow account and maintain strict member portfolios. This creates an atmosphere of trust, especially for novice traders who are not yet interested in large-scale trading. Exchange rates with Localbitcoins can be slightly higher than with other options.
|Commissies en honoraria||The site does not take a commission from the buyer. A commission of 1% of each sale is set for the sellers.|
|Method of payment||Bank transfers, credit cards, electronic systems ;|
|Security||Transactions are secured 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 as a crypto-currency exchange. Their offering includes over 100 crypto-currency pairs and a secure environment for users to manage their transactions. The fees are also relatively low, with some factors influencing these costs. One of these factors is the volume of your transactions, with higher volume being rewarded with lower fees.
They also divide the remuneration between the brokers and the buyers in the market. The creator creates the position and the taker closes it. Brokers have lower fees, which is likely to increase the number of positions for other users. In addition, other features help users navigate the platform, from live chat to data analysis tools.
|Cryptocurrencies||100+ casting apare;|
|Commissies en honoraria||All deposits are allowed without additional fees;Withdrawal fees are fixed and depend on the type of crypto-currency; Trading fee ranges from 0 to 0.25%; Producer fee ranges from 0 to 0.15%; Receiver fee ranges from 0.1 to 0.25%;The more transactions made in a month, the lower the fee for all transactions made thereafter;|
|Method of payment||Updating with a credit card or withdrawing money with a card is not possible 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 was only launched in 2017. Compared to many leading platforms, it is a young company. Despite this, the developers behind this company certainly do not lack experience with crypto-currencies, and they demonstrate this knowledge in their platform. As a result, it has grown quickly and is now used in several countries around the world.
When it comes to security, Kucoin claims to use bank-like systems, creating a protected environment at the highest level. This is done through extensive encryption and multi-level authentication. That's impressive, but it may be too early in the career of this young crypto-currency exchange to say how secure it all is.
|Cryptocurrencies||More than 200 pieces and over 450 exchange pairs;|
|Commissies en honoraria||All deposits to the site are free and there is a flat fee for withdrawals. KuCoin offers a fixed trading fee of 0.10%, which is lower than the industry average.|
|Portfel||The inside of a crypto-currency wallet;|
|Method of payment||Variety of payment methods supported by fiat P2P services;|
|Security||The Exchange gives you the ability to set up two-factor authentication via Google Authenticator;|
|Application mobile||Available on.|
You have several options for contacting the support team, all in different languages. There is some risk associated with companies that have not been around as long as others. However, the longer Kucoin continues to operate without dramatic incidents or security breaches, the more confidence it will inspire in traders around the world.
It is an Austria-based exchange that was launched in 2014. It was originally called Coinimal, but has since become Bitpanda. Their whole mission is to make trading cryptocurrencies as easy as possible for everyone. They use an intuitive platform with easy access and navigation. Anyway, it seems to be working, as they currently have over a million users.
Although they mainly focus on crypto-currencies, Bitpanda also offers trading in certain metals, such as silver and gold. They also have several tools and features that make it easy to buy crypto-currencies. These include a fully automated trading platform. You can trade both crypto-currencies and metals, knowing that they are backed by Switzerland.
In addition, Bitpanda has many other offshoots that open up interesting parts of the market to explore. They help you save better, trade higher volumes and even have their own Bitpanda tokens. Like other internal tokens, they can be used to get various benefits, such as reduced rates during trading. The cost of this exchange is relatively low.
|Cryptocurrencies||Bitcoin, Ethereum en 30+ digitale activa;|
|Commissies en honoraria||The trading commission of the service depends on the type of currency and the nature of the transaction. When buying bitcoins, you pay 1.49%, when selling - 1.29%. Reload and withdrawal fees are set for each currency and are debited from your account;|
|Portfel||Bitpanda cryptocurrency portemonnee|
|Method of payment||Payment can be made by bank transfer, credit card or electronic payment system;|
|Security||Bitpanda refers to systems that manage the user's own wallet keys and offers the following security measures: cold storage of funds; session control. Each login attempt from a new device requires confirmation of two-factor authentication;Authentication and validation via email;|
CoinMama is another good exchange. Started in 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's still technically an exchange, there is actually no exchange. Instead, you are buying and selling crypto-currencies to and from Coinmama itself.
They offer a decent range of options in terms of assets 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 multiple languages as it is designed for a large global market.
|Cryptocurrencies||Plate-forme d'échange de Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos i EOS;|
|Commissies en honoraria||When using credit or debit cards, a 5% service fee is charged, and the platform charges 3.90% for the purchase of parts 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 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, due to its intuitive interface and global reputation. The only drawback is that they require users to have their own crypto-currency wallet. This isn't a bad thing, just a little more inconvenient, especially for new users. Another factor to consider is that the support available is a bit temperamental and doesn't offer as much immediate help as others.
This exchange started its operations in 2015, and is based in the United States. The first thing you should notice about this platform is that it serves as many countries as possible, mainly in Europe and the US though. This system considers itself the "Uber" of crypto-currency exchanges, and has a very simple model. The security is of good quality and the cost of using their services is quite low.
The main feature of Paxful is that it is another P2P exchange. Each trader on their platform creates their own portfolio, with information about their trades. This way you can see who you are dealing with and make sure they are a credible candidate.
The most notable drawback is that traders on this platform only sell bitcoins. There are many different payment methods and they accept a variety of currencies with which you can 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 that Paxful accepts, there will likely be a higher fee for more complicated services in the form of reduced exchange rates.
|Cryptocurrencies||Bitcoin i Tether.|
|Commissies en honoraria||A commission is charged when selling cryptocurrencies:0.5% for bank transfers;1% for debit cards and e-payments;3-5% for gift cards;No commission is charged when buying cryptocurrencies;Paxful charges a fee for transferring money to an external wallet.0 - $9.99 = 0.0001 BTC $10 - $19.99 = 0.0002 BTC Over $20 = 0.0005 BTC;|
|Portfel||The Paxful Wallet app makes it easy to store and manage coins with a 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 system's security is guaranteed by two-factor authentication, deposits and a mandatory verification procedure when processing large amounts;|
|Application mobile||Paxful Wallet dla Android i iOS.|
HitBTC, based in Denmark, first appeared in 2013. The main feature of this exchange is the huge amount of assets available for customers. There are reportedly over 800 pairs that you can trade on. This allows you to trade some of the more obscure and lesser known crypto-currency options in the world. This is a great way to diversify your investments and enjoy small increases among each of them.
They offer a demo account to test the platform and various other features to make the marketplace even more exciting. One of the most important features that this exchange works on is the security of its clients. This is obviously an important part of any online trading experience. The exchange has high liquidity and allows for large trading volumes.
HitBTC only allows you to deposit specific crypto-currencies and does not accept fiat options. However, it does offer a built-in system where you can purchase these cryptocurrencies for deposit with a debit or credit card. Overall, this is a highly rated exchange for a reason.
|Cryptocurrencies||There are currently 800 currency pairs traded on the platform;|
|Commissies en honoraria||No commission on deposits and a fixed commission on withdrawals, depending on the currency. HitBTC uses a tiered system to calculate commissions on transactions. The more transactions a user makes, the lower the commission;|
|Portfel||No wallet for crypto-currencies;|
|Method of payment||The HitBTC exchange can only be topped up with digital currency;|
|Security||The platform offers 2-factor authentication, high-end encryption technology and cold storage;|
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.