Cryptocurrency trading platform India 2021
The extraordinary power of digital assets
The cryptocurrency itself has only been around since 2009. Since its introduction, numerous new currencies have been added, making the long list of options currently available even longer. This has created a lot of interest in trading cryptocurrencies, as their prices rise and fall sharply on the market.
In the early days of cryptocurrency, the values of different currencies, especially Bitcoin, fluctuated back and forth. Since they are entirely digital assets, no direct value can be assigned to them. As a result, 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 led to even more traders taking an interest in the market. One of the most popular ways to do this is through trading. In this case, traders exchange one asset for another across the market and hold them for a set period of time to profit from the changing values. Not surprisingly, this has led to an increase in the number of new exchanges around the world.
The market adapts and so do the scholarships that are offered to you.
What is a crypto exchange?
To evaluate an exchange, you need to know how it normally works
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.
In principle, it is quite a simple process to understand. You simply sign up with 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 trade real assets. You can then trade the new assets with other people or hold them until their value increases.
These digital coins behave much like other assets on the market. They trade roughly at their market value, which is influenced by a number of external factors, mainly supply and demand. Because cryptocurrencies are unique in that they have no value in the real world, prices are largely influenced by these external factors.
To fund your account with a cryptocurrency exchange, you need a cryptocurrency wallet. This is where you store the currencies you own and can then move them around the exchange. You can fill this wallet with any currency that is accepted on the exchange, usually some type of cryptocurrency. For this reason, most major exchanges offer cryptocurrency wallets through their own systems to help users protect their assets.
Once you have loaded this amount into the exchange, you enter a buy or sell order into the system. This is commonly referred to as an order book. All buy and sell orders are displayed here so that other traders can see what is happening. It is essentially a service that connects interested parties. When a party sees a buy or sell order they want to participate in, they submit a request. Each exchange will manage its market a little differently.
Factors influencing the value of cryptocurrencies
Digital assets are not based on a tangible resource and have an ephemeral value.
Before you jump into the biggest cryptocurrency exchanges, take the time to consider the factors that most affect the value of cryptocurrencies. Although this list can never be truly complete, it is beneficial to understand 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.
With Bitcoin, the maximum number of coins that can be mined is 21 million. For a currency, that's a low number, and that's one of the reasons it's so valuable. When bitcoin reaches that limit, and it is very close, there will be fluctuations as the owners of the currency wonder what will happen if no more can be circulated.
- 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 will also depend on other factors, such as the general benefits each currency offers and the regulations that apply to the different currencies. Knowing how much interest there is in these currencies will help you predict the extent to which 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.
At other times, the use of these currencies may be restricted by regulations. This will naturally affect the demand for these assets as they lose some of their value in the real world. The integration of cryptocurrencies will continue to change and grow, 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.
There are other factors that affect the value of these assets, so keep them in mind
Overview of the fairs
There are many cryptocurrency exchanges today, and it's harder than ever to choose. If you know what to expect from the best, you will find the traders that best fit your way of trading.
An important part of a good crypto exchange is the level of security it offers its clients. This is especially important in an online environment where the vast majority of them reside. The way different exchanges handle this issue is a good indicator of the trust that can be placed in them.
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 Bitcoin was released. This exchange is mainly based in the USA and works with all the necessary regulations that make it certified and reliable. It offers two different accounts, a standard account and a pro version.
Coinbase has pretty high fees unless you use the Pro account. This Pro account also offers more charting features and even some comprehensive indicators that track subtle changes in the market. However, they do offer quite a few different cryptocurrencies, so there is a good selection available.
Despite this offer, there are other exchanges that offer even more variety than this one. The operation of the Coinbase system is intuitive, so even new users will find it easy to navigate. Insurance policies are also available for customers to protect their cryptocurrency portfolios.
Overall, this is definitely a comprehensive crypto 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 for working with crypto.
|Cryptocurrencies||23 types of digital components;|
|Fee commissions||For all transactions under $200, the following fees are charged:$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 comes into play. The amount depends on the payment method.|
|Portfolio||Free on mobile and online. The advantage of this wallet is that transactions can be made outside the blockchain.|
|Payment method||Money can be deposited and withdrawn using a debit card, a bank transfer and a number of 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 customers' cryptocurrency funds are stored online and are insured in case of loss;|
|Mobile application||Mobile applications for Android and iOS.|
This cryptocurrency exchange first appeared in 2017. Being a relatively new company, they have nevertheless managed to expand their offering significantly. Perhaps the biggest appeal 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 options for fiat currencies, but these are much more limited than the crypto options.
Binance has become one of the biggest names in the global trading arena, with huge volumes traded every day. The variety of assets and low fees have made it more than competitive globally. This has led to a large user base, so the company continues to grow at an impressive rate.
Users can make deposits using cryptocurrencies or the handful of fiat currencies that Binance allows. This is an often underestimated advantage that allows easier access for users from all over the world. The only real downside to this exchange is that it has a slightly more complicated structure than other exchanges and is perhaps best suited for those who have experience with crypto systems like these.
|Cryptocurrencies||740 different crypto and fiat pairs, including BNB's own token;|
|Fee commissions||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||Application mobile trust wallet;|
|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 companies. It is the first comprehensive tool to monitor and protect against threats in a decentralized data exchange environment;|
|Mobile application||A free application is available in the Google Play Store or the App Store.|
Kraken cryptocurrency exchange was founded in 2011. After its relatively early beginnings, it has quickly risen to become one of the most popular exchanges on the Euro market. They are highly rated and offer a good mix of altcoins and fiat currencies to trade. This range of assets may not be their strongest feature, but they do offer other ways to do so.
Some of the features that Kraken offers are impressive charting tools and even margin trading. This exchange is also aimed at experienced users, and its interface may seem complicated for beginners. This might be the exchange you switch to once you know the experience better and how to manage those trades.
This is definitely a high-end wallet with all the important features that support advanced users. One notable downside is that there are not that many payment options that you can use to make deposits into your account. While there are ways around this problem, it is still a drawback for some.
|Cryptocurrencies||8 tokens are available for exchange;|
|Fee commissions||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 applies; for amounts exceeding 50,000 units, the commissions are reduced to 0.14% and 0.24%, respectively;|
|Portfolio||The website does not offer wallets for cryptocurrencies;|
|Payment method||Portfolios for cryptocurrencies and money transfers via bank transfer. Deposits/withdrawals by credit card are not possible;|
|Security||It provides users with two-factor authentication (2FA), PGP encryption, and a global settings lock that prevents account changes for a specified time;|
|Mobile application||The trading applications Kraken Pro and Kraken Futures.|
Bittrex was founded around the same time as many other exchanges and was first introduced in 2014. Perhaps the biggest advantage that this exchange offers to its users is the wide range of different assets that they can trade. This allows for a significant diversification of your strategies on the market.
Like many of the best crypto exchanges, Bittrex has wallets connected to the system that can be used to safely store any currency. They also have extensive security features and technologically advanced software that protect these online wallets and the platform itself.
|Cryptocurrencies||250+ trading pairs are available;|
|Fee commissions||Funding your account in Euros is possible through: a SEPA bank transfer; an international bank transfer; a bank card. The withdrawal fee depends on the selected cryptocurrency: for Bitcoin it is 0.0005 BTC, for Ethereum 0.00600000 ETH. The site charges a fixed transaction fee of 0.25% of the total value of the order;|
|Portfolio||No cryptographic wallet;|
|Payment method||Wire transfers, credit/debit card;|
|Security||Two-factor authentication (2FA);IP verification requiring email confirmation of new IP address entries; IP whitelists; Cold storage for 80-90% of assets;|
|Mobile application||There are two applications for Android and iOS respectively: Bittrex Global and Bittrex.|
Bitmex was founded in 2014 and has grown rapidly with its enticing range of margin trades. They offer both open-ended contracts and futures contracts, the latter being more similar to binary trading than regular trading. For futures, they also offer leverage, which allows you to make money quickly, but also lose it all quickly. This environment is perhaps better suited for more experienced users.
Bitmex offers good security, but the registration process is almost too simple. It is a reasonable trade-off between added convenience and some additional risk. Overall, this cryptocurrency exchange has become a popular option, especially for margin trading.
|Cryptocurrencies||55 trading pairs;|
|Fee commissions||BitMEX does not charge any fees for deposits or withdrawals. When withdrawing BTC, there is a minimum Bitcoin. A network commission is charged; Taker commissions are 0.075% of the total order value, while Creators receive an additional 0.025% for each transaction;|
|Portfolio||Krypto Wallet BitMEX;|
|Payment method||Apart from cryptocurrencies, BitMEX does not accept any other deposits;|
|Security||Funds are stored in cold wallets; Two-factor authentication; Registration via SMS messages; Multi-signature Wallets for transactions; Email communication is encrypted with PGP encryption;|
|Mobile application||BitMEX Mobile was launched in September 2020.|
Founded in late 2012, this cryptocurrency exchange is one of the oldest in existence. It has been a trendsetter from the very beginning and is now known for the margin trading that it offers to its users. The leverage it offers here allows you to invest in the market to a significant extent. Like any margin trading, it can be a risky venture, but if you trade well, it can be very rewarding.
Bitfinex doesn't have the largest number of assets you can trade, but they do have some options for fiat currencies that they introduced in 2015 to bring some variety to their crypto market. This exchange is also available to users all over the world.
|Cryptocurrencies||More than 140 pieces and 300 pairs of exchange;|
|Fee commissions||No additional payment for deposits and withdrawals in digital currencies. When you deposit USD, you need to pay 0.1% commission, but not less than $20;The minimum commission for fiat money withdrawal is $60;For the minimum currency turnover per month, the transaction fee is 0.1% for the principal and 0.2% for the agent;|
|Portfolio||Users can choose between three wallets: Exchange Wallet, Margin Wallet and Finance Wallet;|
|Payment method||In addition to cryptocurrencies, you can also use the card to make bank transfers and withdraw cash.|
|Security||Only 0.5% of crypto assets are held online for daily transactions. The rest of the coins are held in cold wallets that are inaccessible to hackers. Manual authorization by multiple members of the management team is required to access these portfolios;|
Another pioneer in cryptocurrency trading, Localbitcoins was founded in 2012. It is a unique exchange service in that it does not focus so much on volume trading, but rather operates as a peer-to-peer (P2P) service. This means that while they operate globally, their users have traditionally had more of a local exchange experience.
On this platform you can meet with other traders and conduct your trades. They provide an escrow account to facilitate these trades and maintain strict portfolios for their members. This creates a climate of trust, especially for new traders who are not yet interested in high volume trading. The exchange rates at Localbitcoins can be a bit high compared to other options.
|Fee commissions||The service does not charge commission to the buyer. For sellers there is a fixed commission of 1% on each sale;|
|Payment method||Bank transfers, bank cards, electronic systems;|
|Security||The security of the transaction is ensured by the escrow method, which has proven to be very effective. The user accounts are protected by two-factor authentication.|
Since 2014, Poloniex has done well in its role as an exchange for cryptocurrencies. It offers more than 100 crypto pairs and a secure environment where users can manage their transactions. Fees are also relatively low, though a few factors weigh on these costs. One of these factors is the volume you trade, with higher volume being rewarded with lower fees.
They also divide the costs for suppliers and demanders in the market. A creator creates the position and a taker closes it. Creators have lower costs, which should encourage other users to work with 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|
|Fee commissions||All deposits are available at no extra charge; Withdrawal fees are fixed and depend on the type of cryptocurrency; Trading commissions are 0-0.25%; Maker's commission is 0%-0.15%; Naker's commission is 0.1%-0.25%; The higher the transaction volume in a month, the lower the commission for all transactions made thereafter;|
|Payment method||Topping up an account with a bank card or withdrawing money from a card is not possible for users in some countries;|
|Security||The administration strongly recommends that you provide your account with two-factor authentication;|
|Mobile application||Available on.|
Kucoin is a Singapore-based exchange that has only been around since 2017. Compared to many of the top platforms, it is a young company. Nevertheless, the creators behind this company certainly don't lack crypto experience, and they show this expertise in their platform. Thanks to this, it has developed quickly and is now used in several countries around the world.
In terms of security, Kucoin states that it uses bank-like systems that create a protected environment at the highest level. This is achieved through extensive encryption and multi-layer authentication. While this is impressive, it may be too early in the young crypto exchange's career to tell how secure it all is.
|Cryptocurrencies||More than 200 pieces and more than 450 pairs of exchange;|
|Fee commissions||All deposits are free of charge on the website and a flat fee is charged for withdrawals. KuCoin offers a fixed trading fee of 0.10%, which is below the industry average.|
|Portfolio||Cryptographic portfolio of the inner side;|
|Payment method||A variety of payment methods supported by fiat P2P services;|
|Security||The exchange allows you to set up two-factor authentication via Google Authenticator.|
|Mobile application||Available on.|
The support team has a number of contact options, all of which are offered in different languages. With companies that have not been around as long as many others, there are always certain risks. However, the longer Kucoin goes without a dramatic incident or security breach, the more confidence traders around the world will have in it.
It is an exchange based in Austria that was launched in 2014. It was originally called Coinimal, but has since been renamed Bitpanda. Their goal is to make crypto trading 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 focus mainly on cryptocurrencies, Bitpanda also offers trading in certain metals, such as silver and gold. They also have various tools and features that make buying cryptocurrencies even easier. This includes a fully automated trading platform. You can trade between cryptocurrencies and metals, safe in the knowledge that they are secured by Switzerland.
In addition, Bitpanda has many other offshoots that open up interesting aspects of the market. These allow for better savings, higher transaction volumes, and even come with their own Bitpanda tokens. Like other internal tokens, these can be used for a variety of benefits, such as lower transaction costs. The cost of this exchange is relatively low.
|Cryptocurrencies||Bitcoin, Ethereum and more than 30 digital assets;|
|Fee commissions||The transaction fee for this service depends on the type of currency and the type of transaction. When buying bitcoins you pay 1.49%, when selling - 1.29%;The top-up and withdrawal fees are set for each coin and debited from the account;|
|Portfolio||Bitpanda cryptographic wallet|
|Payment method||You can make a deposit by bank transfer, credit card or electronic payment system;|
|Security||Bitpanda refers to systems that independently manage users' wallet keys. It also 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. This company was founded in the golden age of cryptocurrency exchanges in 2013 and has used its experience to its advantage. It's important to note that while it's still technically an exchange, it doesn't actually allow you to exchange. Instead, you buy and sell cryptocurrencies on and from Coinmama itself.
They offer a decent range of options in terms of assets and payment services. Buying Bitcoins with a credit or debit card also comes with high limits. 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||Die Plattform vertreibt Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos und EOS;|
|Fee commissions||A 5% service fee is charged for the use of credit or debit cards. In addition, the platform charges 3.90% for buying coins and 0.9% for selling coins;|
|Payment method||Credit/debit cards and bank transfers; supports SEPA and SWIFT payments;|
|Security||Coinmama is a reputable company whose website is protected by Trust Guard and Comodo technology. Both services have confirmed that 256-bit SSL encryption is actively used on pages containing personal data;|
This is another exchange that is very suitable for beginners due to its intuitive interface and global reputation. One drawback is that users need to have their own wallet for cryptocurrencies. This is not a bad thing, just a bit annoying, especially for new users. Another factor to watch out for is that the support available is a bit lacking and doesn't offer as much practical help as others.
This exchange was founded in 2015 and is headquartered in the USA. The first thing you should notice about this platform is that it targets as many countries as possible, but mainly Europe and the US. This system, which calls itself the "Uber" of cryptocurrency exchanges, has a very simple model. The security is of good quality and the respective fees for using their services are quite low.
The main feature of Paxful is that it is another P2P exchange. Each trader on the platform develops their own portfolio with information about their respective trades. This way you can check who you are trading with and make sure that they are a reliable candidate.
The biggest disadvantage is that traders only sell Bitcoins on this platform. There are many different payment methods, and they accept a whole range of currencies that you can use to buy Bitcoins, but you can only sell Bitcoins. There are no fees for buying, but there is a flat 1% fee for each sale. Even with all the payment services that Paxful accepts, the more obscure ones will likely have a larger fee in the form of reduced currency conversion rates.
|Cryptocurrencies||Bitcoin und Tether;|
|Fee commissions||Commissions are charged for the sale of cryptocurrencies: 0.5% for bank transfers; 1% for debit cards and electronic payments; 3-5% for gift cards; no commission is charged for the purchase of cryptocurrencies; Paxful charges transfer fees for sending funds to an external wallet.0 - $9.99 = 0.0001 BTC $10 - $19.99 = 0.0002 BTC More than $20 = 0.0005 BTC|
|Portfolio||The Paxful Wallet app makes it easy to store and manage coins with your mobile cryptocurrency wallet;|
|Payment method||More than 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, deposit and mandatory verification procedure when processing large amounts;|
|Mobile application||Paxful Wallet for Android and iOS.|
HitBTC, based in Denmark, was founded in 2013. The highlight of this exchange is the impressive number of assets available to its clients. According to reports, there are over 800 pairs that you can trade. This allows you to trade some of the most obscure and lesser-known crypto options in the world. This is ideal for diversifying investments and profiting from the small profits.
They offer a demo account to test the platform and various other features to make the market even more exciting. The security of their clients is one of the most important features that this exchange claims to have worked hard on. This is, of course, an essential part of any online trading experience. They have high liquidity and allow trading with large volumes.
HitBTC only lets you deposit certain cryptocurrencies and does not accept fiat options for them. However, it does offer an integrated system that allows you to buy these cryptos and deposit them with a debit or credit card. Overall, this is a highly rated exchange, and for good reason.
|Cryptocurrencies||800 currency pairs are traded on the platform today;|
|Fee commissions||No commission for deposits and a fixed commission for withdrawals based on currency; HitBTC uses a tiered system to calculate transaction fees. The more a user trades, the lower the commission;|
|Portfolio||No wallet for cryptocurrencies;|
|Payment method||The HitBTC exchange can be topped up with digital currency only;|
|Security||The platform offers two-factor authentication, high-quality encryption technology and cold storage of funds;|
There are many good cryptocurrency exchanges available online. Hopefully you now know what some of these platforms offer and which one might be best for you.