Cryptocurrency trading platforms India 2021
          

The Extraordinary Power of Digital Assets

The cryptocurrency itself has only been around since 2009. Since its inception, numerous new coins have been added, expanding the long list of available options. This has greatly stimulated interest in trading cryptocurrencies, as their prices rise and fall sharply in the market.

In the early days of cryptocurrencies, the values of the various currencies, especially bitcoin, were everywhere. As fully digital assets, there was no direct value to be assigned to them. This meant that their price fluctuations varied dramatically during the early years. Although large movements are still possible in this market, it has stabilized somewhat in recent years.

The increased stability of currencies has led to even more traders becoming interested in the market. One of the most popular methods of doing this is through a trade. In such cases, traders in the market exchange one asset for another and hold them for a certain period of time to profit from the moving values. Not surprisingly, this has led to an increase in the number of new exchanges available around the world.

As the market adjusts, so do the pockets available to you.

Water is a cryptocurrency exchange?

To be able to evaluate a stock market, you need to know how it works in general.

A cryptocurrency exchange is a platform that allows you to exchange one cryptocurrency for another. On most exchanges, you can also exchange your digital assets for other types of assets, such as common fiat currency.

In principle, it is a fairly simple process to understand. You just log on to one of these platforms, enter the currency and the amount you have and want to trade, and start trading. You trade with real people and exchange real goods with them. You can then trade the new goods with other people or keep them until their value increases.

These digital currencies behave very similarly to other assets on the market. They trade at fair market value, which is influenced by a number of external factors, primarily supply and demand. Since cryptocurrencies are unique in that they have no real value in the world, prices are largely influenced by these external factors.

To fund your account on a cryptocurrency exchange, you need a cryptocurrency wallet. This is where you keep the coins you own and can change them for the exchange. You can fill this wallet with any coin that is accepted on the exchange, almost always some type of cryptocurrency. This is why most major exchanges offer crypto wallets through their own system, which helps users protect their assets.

Once you have loaded that amount into the exchange, you place a buy or sell order in the system. This is commonly known as the order book. It is the place where all the buy and sell orders are placed so that other traders can see what is happening. It is essentially a service that brings interested parties together. When a party sees a buy or sell order that they want to be a part of, they place the order. Each exchange will operate its market in slightly different ways.

Factors that influence the value of cryptocurrencies

Digital assets are not based on a tangible resource and have a fleeting value.

Before jumping into the big cryptocurrency exchanges, it is worth taking some time to look at what factors have the biggest effect on cryptocurrency values. While this list can never be truly comprehensive, it has its benefits in helping you better 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.

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 is a big reason why it is so highly valued. As this limit is reached, and it is getting very close, there will be fluctuations as the owners of the currency wonder what will happen when there are no more coins 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 depend on more factors, such as the general advantages each crypto offers and the regulations affecting the various currencies. Knowing the level of interest 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 regulation. This will understandably affect the demand for these assets, as they lose some of their real-world value. The integration of cryptocurrencies will continue to change and grow, pulling and pushing 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 goods, so pay attention to these

Overview of Exchanges

There are many cryptocurrency exchanges available today, and it is harder than ever to choose, with each exchange having a similar offering, but with its own unique composition. If you know what you can expect from the best, you can find those that best suit the way you trade.

A big part of a good cryptocurrency exchange is the level of security they offer their customers. This is especially crucial in an online environment, which is the vast majority of them. How these different 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

Coinbase is a very popular exchange. It was established 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 trusted. They offer two different accounts, a standard account and a pro version.

Coinbase has fairly high commissions unless you use their pro account. That pro account also offers more charting options and even some comprehensive indicators that track subtle changes in the market. However, they do offer a range of different cryptocurrencies, so there is a good selection available.

Despite the range they offer, there are other exchanges that offer even more variety than this one. Coinbase's system is intuitive to use, so even new users will find it relatively easy to navigate. There are also insurance policies that are made available to help customers protect their crypto wallets.

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 to work with cryptography.

Coinbase
Cryptocurrencies 23 types of digital currencies;
Commissies en honoraria For all transactions under $200 the following fees apply: $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.For transactions over $200 a fixed interest rate is applied. The amount depends on the payment method.
Cartera  Free on mobile and online. The advantage of this wallet is that transactions can be made off the blockchain.
Payment method Money can be deposited and withdrawn by bank card, bank transfer, and a number of other payment systems. SEPA credit transfers are available for EU residents;
Security Two-factor authentication; All website traffic is encrypted using the SSL cryptographic protocol; All wallet keys are protected by AES-256 encryption; Only 2% of your customers' cryptocurrency funds are stored online and are insured in case of loss;
Mobile Application Mobile applications for Android and iOS.

 Binance

This crypto exchange first surfaced in 2017. As a relatively new company, they have managed to significantly increase their offerings. Perhaps the greatest 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 some fiat currency options available, but these are considerably more limited than the cryptocurrencies present.

Binance has become one of the biggest names on the world's exchanges, with large volumes traded every day. Their range of assets and small commissions have made them more than competitive worldwide. This has led to a significant user base and as a result the company continues to grow at an impressive rate.

Users can make deposits using crypto 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 is a bit more complicated than other exchanges, and is perhaps best suited for those who have experience with cryptocurrency systems like this one.

Binance
Cryptocurrencies 740 different crypto and fiat pairs, including BNB's own token;
Commissies en honoraria Binance offers competitive trading costs (commissions): 0.1% on each side of the trade or 0.075% if you use your Binance (BNB) tokens;
Cartera  Application of the mobile trust portfolio;
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 threat monitoring and protection tool in a decentralized data exchange environment.
Mobile Application A free app is available from the Google Play store or the App Store.

Kraken

The cryptocurrency exchange Kraken was started in 2011. After its relatively early start, it has quickly become one of the most popular exchanges on the euro market. They are highly rated and offer a good mix of altcoins and fiat currency options to trade. That range may not be their strongest feature, but they do offer other features to help.

Some of the features Kraken offers are impressive charting tools and even margin trading. Again, this exchange is aimed at more experienced users and its interface may seem complicated to beginners. This may be the exchange you can switch 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 many payment options that allow you to make deposits into your account. There are ways around this, but for some this is still a drawback.

Kraken
Cryptocurrencies There are 8 tokens available for trade;
Commissies en honoraria Transactions involving 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 exceeding 50,000 units, the commissions are reduced to 0.14% and 0.24% respectively;
Cartera  No wallet for cryptocurrencies is offered on the site;
Payment method Cryptocurrency wallets and money transfer via bank transfer. It is not possible to make deposits/withdrawals with bank cards;
Security The exchange offers users two-factor authentication (2FA), PGP encryption, and a global configuration lock, which prevents changes to the account within a certain period of time;
Mobile Application Kraken Pro and Kraken Futures trading applications.

 Bittrex

Started around the same time as many other exchanges, Bittrex was first introduced in 2014. Perhaps the biggest advantage that this exchange offers its users is a wide range of different assets to trade. This allows for significant diversification of your market strategies.

Like many of the major cryptocurrency exchanges, Bittrex has wallets attached to their 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.

Bittrex
Cryptocurrencies   There are more than 250 trading pairs available;
Commissies en honoraria Replenishing your account in euros  is possible via: SEPA transfer; international bank transfer; bank card. Withdrawing money from Fiat is possible for a bank account via an international bank transfer, and for euros, SEPA transfer. The withdrawal fee depends on the chosen cryptocurrency: in bitcoin it 0.0005 BTC, in Ethereum - 0.00600000 ETH. The site applies a fixed trading fee of 0.25% of the total value of the order;
Cartera  No crypto wallet;
Payment method Bank transfers, credit/debit cards;
Security Two-factor authentication (2FA); IP authentication requiring email confirmation of new IP address entry; IP whitelisting;  cold storage for 80%-90% of assets;
Mobile Application There are two apps for Android and iOS respectively: Bittrex Global and Bittrex.

Bitmex

Bitmex started in 2014 and has grown rapidly thanks to its enticing margin trading offers. They offer both perpetual contracts and futures, with the latter more akin to binary trading than normal 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 may be a more suitable environment for more experienced users.

Bitmex has good security, but the registration process is almost too easy. It is a justifiable tradeoff between extra convenience and some extra risk. Overall, this cryptocurrency exchange has become a popular choice, especially for margin trading.

BitMEX
Cryptocurrencies 55 trading pairs;
Commissies en honoraria BitMEX does not charge for deposits or withdrawals. When withdrawing BTC, a minimum Bitcoin network fees apply to manufacturers 0.075% of the total order value, while manufacturers receive an additional 0.025% for each transaction;
Cartera BitMEX Crypto BitMEX Wallet
Payment method Besides cryptocurrencies, BitMEX does not accept any other types of 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 will be launched in September 2020.

 Bitfinex

It was founded in late 2012 and is one of the first cryptocurrency exchanges in existence. It has been a definite trend from the beginning and is now known for the margin trading it offers its users. The leverage they have here allows for significant investments in the market. Like all margin trading, this can be a risky venture, but if traded properly, 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 cryptocurrency market. That exchange is also available to users around the world.

Bitfinex 
Cryptocurrencies More than 140 currencies and 300 currency pairs;
Commissies en honoraria There are no additional payments for deposits and withdrawals in digital currencies. When depositing $, you have to pay a commission of 0.1%, but not less than $20; the minimum commission for withdrawing fiat money is $60; for the minimum volume of coin trades per month, the trading commission is 0.1% for the originator and 0.2% for the taker;
Cartera Users can choose between three portfolios: Trader Portfolio, Margin Portfolio and Financing Portfolio;
Payment method In addition to cryptocurrencies, users can also make bank transfers and withdraw cash with 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, beyond the reach of hackers. To make these wallets available, manual approval from several members of the administrative team is required;
Mobile Application Available.

 Localbitcoins

Another early player in the cryptocurrency exchange game, Localbitcoins, started in 2012. It is 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 localized trading experience.

This platform allows you to meet other traders and trade their trades. They offer a deposit account to facilitate these trades and keep accurate portfolios on their members. This creates an atmosphere 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.

Localbitcoins
Cryptocurrencies Bitcoin;
Commissies en honoraria The service does not charge the buyer any commission. For sellers, there is a flat 1% commission on each sale.
Cartera  Monedero Bitcoin;
Payment method Bank transfers, bank cards, electronic systems;
Security Transaction security is ensured by the escrow method, which has proven to be very effective; users' accounts are protected by two-factor authentication.
Mobile Application

Poloniex

Since 2014, Poloniex has performed well in its role as a crypto exchange. Its offerings include over 100 crypto pairs and a secure environment for users to manage their transactions. Commissions are also relatively low, with certain factors weighing on these costs. One such factor is the volume traded, with higher volumes being rewarded with lower fees.

They also split the commission of makers and buyers in the market. A maker creates the position and a taker closes it. The makers have lower commissions, which will likely encourage more positions for 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.

Poloniex 
Cryptocurrencies More than 100 currency pairs;
Commissies en honoraria All deposits are allowed without additional fees; withdrawal fees are fixed, and depend on the type of cryptocurrency; trading fees are 0 to 0.25%; manufacturer fees are 0% to 0.15%; manufacturer fees are 0.1% to 0.25%; the higher the volume of transactions completed in a month, the lower the fees for all transactions completed thereafter;
Cartera  Si;
Payment method It is not possible for users in some countries to complete an account with a bank card or withdraw money with a card;
Security The administration strongly recommends adding two-factor authentication to your account;
Mobile Application Available at.

 Kucoin

Kucoin is a Singapore-based exchange that only launched in 2017. Compared to many of the major platforms, it is a young company. However, the developers behind this company certainly have no shortage of experience in the field of cryptocurrencies, and they showcase this experience on their platform. Thanks to this, it has grown rapidly and is now used in many countries around the world.

In terms of security, Kucoin said it uses bank-class systems, creating a protected environment at the highest level. This is done through extensive encryption and multi-layer authentication. While this is impressive, it may be too early in the career of this young cryptocurrency exchange to know how secure it is.

Kucoin 
Cryptocurrencies More than 200 currencies and more than 450 currency pairs;
Commissies en honoraria All deposits are free on site and there is a flat fee for withdrawals; KuCoin offers a flat trading fee of 0.10%, which is lower than the industry average.
Cartera  Wallet de moeda interna;
Payment method A variety of payment methods supported by fiat P2P services;
Security The switch allows you to establish two-factor authentication with Google Authenticator.
Mobile Application Available at.

They have a whole range of contact options for their support team, and all in a variety of different languages. As companies that have not been around as long as many others, there are still some risks. However, the longer Kucoin remains without dramatic incidents or security breaches, the more trust it inspires from merchants around the world.

 Bitpanda

This is an Austria-based exchange that launched in 2014. It was originally called Coinimal, but has since changed to Bitpanda. Their mission is to make cryptocurrency trading as easy as possible for everyone. They use an intuitive platform that is easily accessible and navigable. Whatever you do, it seems to work, as they currently have over a million users.

Although they focus primarily on cryptocurrency, 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, all with the assurance that they are secured through Switzerland.

In addition, Bitpanda has many other ramifications that open up interesting sides of the market to explore. These help improve the economy, trade in larger volumes, and even come with their own Bitpanda tokens. Like other proprietary tokens, they can be used to gain various benefits, such as lower transaction costs. The cost of this exchange is relatively low.

Bitpanda
Cryptocurrencies Bitcoin, Ethereum, and more than 30 other digital assets;
Commissies en honoraria Commission for trading service depends on the type of currency and the nature of the transaction. On the purchase of bitcoins 1.49% is paid, on the sale - 1.29%;commission for replenishment and withdrawal is determined for each currency and debited to the account;
Cartera  Bitpanda cryptocurrency portemonnee;
Payment method You can make a deposit via bank transfer, credit cards or electronic payment systems;
Security Bitpanda refers to systems that independently manage the keys to users' wallets; in addition, the following security measures are offered: cold storage of the background; session control. Each login attempt from a new device requires two-factor authentication confirmation; email authentication and validation;
Mobile Application Sí.

Coinmama

CoinMama is another good exchange. Started within the golden age of cryptocurrency exchanges in 2013, this company has used its experience to absolute advantage. It is important to note that while technically still an exchange, there is actually no exchange available. Instead, you buy and sell cryptocurrencies to and from Coinmama itself.

They offer a decent choice of credit and payment services. There are also high limits for bitcoin purchases via credit or debit cards. These high limits are charged at the expense of similar fees. The platform itself supports multiple languages, as it serves a large global market.

Coinmama 
Cryptocurrencies La plataforma vend Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos y EOS;
Commissies en honoraria A 5% service fee is charged for using credit or debit cards, and the platform also charges 3.90% for buying coins and 0.9% for selling coins;
Cartera Nee;
Payment method 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 technology. Both services have confirmed that 256-bit SSL encryption is actively used on pages containing personal information;
Mobile Application Sí.

This is another exchange that is excellent for beginners, thanks to its intuitive interface and global reputation. One drawback in this regard is that they require users to have their own crypto wallets. This is not a bad thing, just a bit more cumbersome, especially for new users. Another factor to keep in mind is that their available support is somewhat lacking and does not offer as much practical help as others.

 Paxful

This exchange began in 2015, starting in the United States. The first thing to note about this platform is that it serves as many countries as it can, although mainly in Europe and the United States. This system, which is considered the "Uber" of cryptocurrency exchanges, has a very simple model. The security is of good quality and the fees for using the services are quite low.

The main characteristic of Paxful is that it is another P2P exchange. Each trader on its platform develops his own portfolio, with information about his respective trades. This way you can check with whom you are trading, and make sure that it is a reliable candidate.

The most notable drawback is that merchants only sell bitcoin on this platform. There are many different payment methods and they accept a number of currencies to buy bitcoin, but only bitcoin can be sold. There are no buying fees, but there is a flat 1% fee for each sale. Even with all the payment services that Paxful accepts, the more obscure will likely see higher fees in the form of reduced conversion rates for bitcoins.

Paxful 
Cryptocurrencies Bitcoin en Tether
Commissies en honoraria Fees are charged for selling cryptocurrencies:0.5% for bank transfers;1% for debit cards and electronic payments;3-5% for gift cards;No fees are charged for buying cryptocurrencies;Transfer fees for sending money to an external wallet.0 - $9.99 = 0.0001 BTC $10 - $19.99 = 0.0002 BTC Above $20 = 0.0005 BTC
Cartera The Paxful Wallet app makes it easy to store and manage coins with your mobile cryptocurrency wallet;
Payment method Over 300 ways to buy coins, including bank transfer, credit and debit cards, PayPal, Western Union, and even Amazon, iTunes, or Steam gift cards;
Security The security of the system is ensured by the two-factor authentication, the deposit, and the mandatory verification procedure when working with large quantities.
Mobile Application Paxful Wallet para Android e iOS.

 Hitbtc

HitBTC, based in Denmark, first appeared in 2013. The main point of this exchange is the large number of assets available to its clients. It is reported that there are over 800 pairs that you can trade. This allows you to trade some of the most obscure and lesser known cryptocurrency options in the world. It is great for diversifying your investments and taking advantage of the small growth rates between each investment.

They offer a demo account to test the platform and several other features to make the market even more exciting. One of the most important features that this exchange says they have worked on extensively is the security of their customers. This, of course, is an essential part of any online trading experience. They have great liquidity and allow significant volumes to be traded.

HitBTC only allows you to deposit certain cryptocurrencies and does not accept fiat options for that purpose. However, they do offer a built-in system where you can purchase these cryptocurrencies to deposit with a debit or credit card. Overall, this is a highly rated exchange for a reason.

Hitbtc 
Cryptocurrencies Currently, 800 currency pairs are traded on the platform;
Commissies en honoraria There are no commissions for deposits and a fixed commission for withdrawals, depending on the currency; HitBTC uses a multi-tiered calculation system for the trading commission. The more a user trades, the lower his commission;
Cartera There is no wallet for cryptocurrencies;
Payment method The HitBTC exchange can only be supplemented with digital currency;
Security The platform offers two-factor authentication, high-level encryption technology, and cold storage of funds;
Mobile Application Nee.

There are many good cryptocurrency exchanges available online. I hope you now know what some of these platforms offer and which one might be the best for you.

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