Major cryptocurrency exchanges 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 available today 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 cryptocurrencies, the values of the various currencies, especially bitcoin, fluctuated wildly. Since they are entirely digital assets, no direct value can be assigned to them. This meant that their prices fluctuated drastically in the first few years. Although this market can still experience large movements, it has stabilized somewhat in recent years.

The increasing 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 the stock market. In these cases, traders in the market exchange one asset for another and hold them for a period of time to profit from the moving values. Not surprisingly, this has led to an increase in the number of new exchanges around the world.

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

Wat is een cryptocurrency exchange?

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

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.

Basically, it's a pretty simple process to understand. You just sign up for one of these platforms, enter the currency and the amount you have and want to trade, and start trading. You are dealing with real people and trading in real assets. You can then trade the new assets with other people or hold them until their value increases.

These digital currencies behave just like other assets in the market. They are traded at fair market value, which is influenced by a number of external factors, most notably supply and demand. Since cryptocurrencies are unique in that they have no real value, prices are largely influenced by these external factors.

To add to your account at a cryptocurrency exchange, you need a cryptocurrency wallet. This is where you store the currency you own and can take it to the exchange. You can fill this wallet with any currency that is accepted on the exchange, almost always some kind of cryptocurrency. This is why most major exchanges offer crypto wallets through their own system, to help users protect their money.

Once you have loaded this amount into the exchange, you enter a buy or sell order into the system. This is usually called the order book. This is the place where all buy and sell requests are placed so that other traders can see what is happening. It is essentially a service that brings together interested parties. When a party sees a buy or sell order they want to participate in, they place the request. Each exchange will manage its market in a slightly different way.

Factors affecting the value of cryptocurrencies

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

Before jumping on the major cryptocurrency exchanges, you should take the time to find out what factors have the greatest impact on the value of cryptocurrencies. While this list can never be truly comprehensive, it does have 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 mined is 21 million. This is a low number for a currency and a major reason why it is valued so highly. When this limit is reached, and it will be very soon, 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 cryptocurrency depends on several factors, such as the overall benefits each cryptocurrency offers and the regulations that affect the various currencies. Knowing how much interest there is 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.

At other times, the use of these currencies may be limited by regulation. This will understandably 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, attracting and depressing value in the market in various 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 more factors that affect the value of these assets, so pay attention to these

Exchange Overview

There are many cryptocurrency exchanges today, and it is harder than ever to choose, as each exchange has a similar offering, but with its own unique structure. If you know what to expect from the best providers, you can find the offers that best suit your way of trading.

An important criterion for a good cryptocurrency exchange is the level of security it offers its customers. This is especially important in an online environment, which is the vast majority of cases. How different exchanges handle this is a good indicator of how much they can be trusted.

Your market environment can be an important factor in the overall experience and success.

 Coinbase

Coinbase is a very popular exchange. It was founded in 2012, just a few years after the launch of Bitcoin. This exchange is headquartered in the United States and operates with all the necessary regulations that make it certified and reliable. They offer two different accounts, a standard account and a pro version.

Coinbase has fairly high commissions unless you use their 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 a range of different cryptocurrencies, so there is a good selection available.

Despite this offering, 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 find their way around. Insurance policies are also offered to help customers protect their crypto 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 included, you can be sure that you are in a good environment to work with crypto.

Coinbase
Cryptocurrencies 23 types of digital coins.
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 applies. The amount depends on the payment method.
Cartera  Free on the cell phone and online. The advantage of this wallet is that transactions can be made outside the blockchain.
Method of payment You can make deposits and withdrawals by debit card, bank transfer and a number of other payment systems. SEPA transfers are available to EU citizens;
Safety Two-factor authentication; All website traffic is encrypted with 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 appeared in 2017. As a relatively new company, they have managed to significantly expand their offerings. Perhaps the biggest appeal of this exchange is that it has deliberately focused its offerings on a wide variety of cryptocurrencies, including more than 150 options. There are even some options for fiat currencies, but these are considerably more limited than the cryptocurrencies.

Binance has become one of the biggest names among global exchanges, trading huge volumes daily. Its range of assets and low commissions have made it more than competitive worldwide. This has led to a significant user base and the company continues to grow at an impressive rate.

Users can make deposits with cryptocurrencies or a handful of fiat currencies that Binance allows. This is an often underrated benefit that facilitates access for users around the world. Perhaps the only real drawback of this exchange is that it has a slightly more complicated structure than other exchanges, and may be more suited to those who have experience with cryptocurrency systems like this one.

Binance
Cryptocurrencies 740 different crypto and fiat pairs, including the NBB's own token;
Commissies en honoraria Binance offers competitive trading fees (commissions): 0.1% on each side of the transaction or 0.075% when using your Binance Tokens (BNB);
Cartera  Trust Wallet mobile application;
Method of payment Bank transfer, debit/credit cards, various P2P payment channels;
Safety The exchange has established 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 app is available in the Google Play Store or the App Store.

Kraken

The cryptocurrency exchange Kraken was founded in 2011. After a relatively early start, 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 offering may not be their strongest feature, but they do offer other resources.

The features offered by Kraken include impressive charting tools and even margin trading. This exchange is also aimed at experienced users and its interface may seem complicated for beginners. This may be the exchange to switch to, once you have a better understanding of how to experience and manage these trades.

This is definitely a high-end exchange that offers all the important features for advanced users. One notable drawback is that there are not that many payment options that allow you to fund your account. There are ways around this, but it is still a drawback for some.

Kraken
Cryptocurrencies There are 8 tokens available for redemption;
Commissies en honoraria 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 greater than 50,000 units, the commissions are reduced to 0.14% and 0.24%, respectively;
Cartera  The website does not offer wallets for cryptocurrencies;
Method of payment Cryptocurrency wallets and transfer money via bank transfer. Deposits/withdrawals via bank cards are not possible;
Safety The exchange offers users two-factor authentication (2FA), PGP encryption, and a global configuration lock that prevents anything from being changed to the account within a certain amount of time;
Mobile application Kraken Pro and Kraken Futures trading applications.

 Bittrex

Around the same time as many other exchanges, Bittrex was first introduced in 2014. Perhaps the biggest advantage this exchange offers its users is the wide range of different assets they can trade in. This allows for significant diversification of their market strategies.

Like many of the major cryptocurrency exchanges, Bittrex has wallets attached to the system that can be used to securely store any currency. They also have extensive security features and technologically advanced software that protect these online wallets and the platform itself.

Bittrex
Cryptocurrencies   There are more than 250 trading pairs available;
Commissies en honoraria To top up your Euro account   is possible via: SEPA bank transfer; international bank transfer; bank card.Withdrawals from Fiat are possible to a bank account through an international bank transfer and for Euros through a SEPA bank transfer          possible. The withdrawal fee depends on the chosen cryptocurrency: for Bitcoin it is       0,0005 BTC, for Ethereum - 0,00600000 ETH. The website applies a fixed trading fee of 0.25% of the total value of the order;
Cartera  No crypto wallet;
Method of payment Bank transfers, credit/debit cards;
Safety Two-factor authentication (2FA); IP authentication requiring email confirmation of new IP address entry; Cold storage for 80%-90% of assets;
Mobile application There are two apps, each for Android and iOS: Bittrex Global and Bittrex.

Bitmex

Bitmex was founded in 2014 and grew quickly thanks to its enticing margin trading offerings. They offer both open-ended and futures contracts, with the latter looking more like binary trading than regular stock trading. In the case of futures, they also offer leverage, which can be both a good way to make money quickly and a quick way to lose everything. This environment may be more suitable for more experienced users.

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

BitMEX
Cryptocurrencies 55 trade pairs;
Commissies en honoraria BitMEX does not charge any fees for deposits or withdrawals. Withdrawals of BTC are subject to a minimum Bitcoin Network Commission for Takers of 0.075% of the total value of the order, while Makers receive an additional 0.025% for each transaction;
Cartera BitMEX Crypto BitMEX Wallet
Method of payment Other than cryptocurrencies, BitMEX does not accept any other types of deposits;
Safety Funds are stored in cold wallets; Two-factor authentication; Registration via SMS notifications; Wallets with multiple signatures for transactions; Email communications are 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. The company has been a trendsetter from the beginning and is now known for the margin trading it offers its users. The leverage they offer here allows them to invest significantly in the market. Like any margin trading, this can be a risky venture, but if traded properly, it can be very rewarding.

Bitfinex does not offer most assets for trading, but there are some options for fiat currencies that were introduced in 2015 to add some variety to the cryptocurrency market. This exchange is also available to users around the world.

Bitfinex 
Cryptocurrencies Over 140 coins and 300 pairs of quotes;
Commissies en honoraria There are no additional fees for deposits and withdrawals in digital currencies. When depositing USD, you must pay a commission of 0.1%, but not less than $20;The minimum commission for withdrawing fiat money is $60;For a minimum monthly currency turnover, the trading commission is 0.1% for the creator and 0.2% for the taker;
Cartera Users can choose from three portfolios: Exchange Portfolio, Margin Portfolio and Financing Portfolio;
Method of payment In addition to cryptocurrencies, you can also make bank transfers and withdraw cash with the card.
Safety Only 0.5% of crypto assets are held online to support daily transactions. The rest of the coins are kept in cold wallets, beyond the reach of hackers. Making these portfolios available requires manual approval from several members of the management team;
Mobile application Available.

 Localbitcoins

Another early player in the cryptocurrency exchange space, Localbitcoins, was launched in 2012. It is a unique exchange service in the sense that it does not focus on volume trading, but operates as a peer-to-peer (P2P) service. This means that while they operate globally, their users have traditionally had more local trading experiences.

This platform allows you to meet other traders and trade your trades. They offer a trading account to facilitate these trades and maintain strict portfolios for their members. This creates a trusting environment, especially for new traders who are not yet interested in trading large volumes. Exchange rates at Localbitcoins can be a bit high compared to other options.

Localbitcoins
Cryptocurrencies Bitcoin;
Commissies en honoraria The service does not charge the buyer a commission. For sellers, there is a fixed commission of 1% on each sale.
Cartera  Monedero Bitcoin;
Method of payment Bank transfers, bank cards, electronic systems;
Safety The security of transactions is guaranteed by the escrow method, which has proven very effective; user accounts are protected by two-factor authentication.
Mobile application

Poloniex

Since 2014, Poloniex has developed well in its role as a crypto exchange. Its offerings include more than 100 crypto pairs and a secure environment where users can manage their transactions. Commissions are also relatively low, although certain factors weigh on these costs. One such factor is the volume traded, where higher volume is rewarded with lower costs.

They also divide the commissions for makers and takers in the market. A maker creates the position and a taker closes it. Creators have lower commissions, which likely results in more positions being available to other users. 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 possible with no additional fees;Withdrawal fees are fixed and depend on the type of cryptocurrency;Trading fees are 0 to 0.25%;Maker fees are 0% to 0.15%;Taker fees are 0.1% to 0.25%;The higher the volume of transactions made in a month, the lower the fees for all transactions made thereafter;
Cartera  Si;
Method of payment Upgrading an account with a bank card or withdrawing money with a card is not possible for users in some countries;
Safety The administration strongly recommends that you provide your account with two-factor authentication;
Mobile application Available.

 Kucoin

Kucoin is a Singapore-based exchange that was only founded in 2017. Compared to many of the major platforms, it is a young company. Nevertheless, the creators of this company certainly do not lack experience in the field of cryptocurrencies, and this experience is also reflected in their platform. Thanks to this, it has developed rapidly and is now used in several countries around the world.

In terms of security, Kucoin has stated that it uses bank-grade systems that create a protected environment at the highest level. This is done through extensive encryption and multi-layered 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 Over 200 coins and over 450 pairs of quotes;
Commissies en honoraria All deposits are free on the website and there is a flat fee for withdrawals. KuCoin offers a fixed trading commission of 0.10%, which is lower than the industry average.
Cartera  Interne website cryptocurrency portemonnee;
Method of payment A variety of payment methods supported by fiat P2P services;
Safety The Exchange allows you to set up two-factor authentication with Google Authenticator.
Mobile application Available.

They have a range of contact options for their support team and in a choice of different languages. As a company that has not been in business as long as many of the others, there are still some risks. However, the longer Kucoin remains without any dramatic incidents or security breaches, the more trust it will build among merchants around the world.

 Bitpanda

It is an Austrian-based exchange that was founded in 2014. It was originally called Coinimal, but has since been renamed Bitpanda. Their goal is to make trading cryptocurrencies as easy as possible for everyone. They use an intuitive platform that is easy to use and navigate. Whatever it does, it seems to work, as it currently has over a million users.

Although the main focus is on cryptocurrencies, Bitpanda also offers trading in certain metals, such as silver and gold. They also have several tools and features that make buying cryptocurrencies even easier. This includes a fully automated trading platform. You can trade cryptocurrencies and metals, all with the assurance that you are backed by Switzerland.

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

Bitpanda
Cryptocurrencies Bitcoin, Ethereum and more than 30 other digital assets;
Commissies en honoraria The trading commission of the service depends on the type of currency and the type of transaction. When buying Bitcoins, 1.49% is paid, when selling - 1.29%;The commission for upgrading and withdrawing is determined for each currency and charged to the account;
Cartera  Bitpanda cryptocurrency portemonnee
Method of payment You can make a deposit via bank transfer, credit card or electronic payment system;
Safety Bitpanda refers to systems that manage users' wallet keys independently; in addition, the following security measures are provided:Cold background storage;Session control. Each login attempt from a new device requires confirmation of two-factor authentication; email authentication and validation;
Mobile application Sí.

Coinmama

CoinMama is another good exchange. Founded in 2013 during the golden age of cryptocurrency exchanges, this company has used its experience to clear advantage. It is important to note that although it is technically an exchange, there is actually no exchange possible. Instead, you buy and sell cryptocurrencies on and off Coinmama itself.

They offer a decent range of options in terms of assets and payment services. There are also high limits for bitcoin purchases with credit or debit cards. These high limits are purchased with similar fees. The platform itself supports multiple languages, as it is intended for a large global market.

Coinmama 
Cryptocurrencies La plataforma vende Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos und EOS;
Commissies en honoraria There is a 5% service fee when you use credit or debit cards, and the platform also charges 3.90% for buying coins and 0.9% for selling coins;
Cartera Nee;
Method of payment Credit/debit cards and bank transfers; supports SEPA and SWIFT payments;
Safety 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 data;
Mobile application Sí.

This is another exchange that is ideal for beginners, due to its intuitive interface and global reputation. One drawback in this regard is that users must have their own crypto wallets. This is not a bad thing, just a bit more cumbersome, especially for new users. Another factor to consider is the fact that they do not offer as much practical help as others.

 Paxful

This exchange was founded in the United States in 2015. The first thing you should know about this platform is that it serves as many countries as possible, but 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 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 allows you to verify who you are trading with and whether they are a reliable candidate.

The biggest drawback is that traders only sell bitcoin on this platform. There are many different payment options and they accept a whole range of currencies to buy bitcoin, but only bitcoin can be sold. There are no fees for buying, but there is a flat rate of 1% charged for each sale. Even with all the payment services that Paxful accepts, the more obscure ones will likely see larger fees in the form of reduced conversion rates for Bitcoins.

Paxful
Cryptocurrencies Bitcoin en Tether
Commissies en honoraria There are fees for selling cryptocurrencies:0.5% for bank transfers;1% for debit cards and electronic payments;3-5% for gift cards;There are no fees for buying cryptocurrencies;Paxful charges transfer fees for sending money 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 for you to store and manage coins with their mobile cryptocurrency wallet;
Method of payment Over 300 ways to buy coins, including bank transfer, credit and debit cards, PayPal, Western Union and even Amazon, iTunes or Steam gift cards;
Safety The security of the system is guaranteed by two-factor authentication, escrow and the mandatory verification procedure when working with large volumes.
Mobile application Paxful Wallet for Android and iOS.

 Hitbtc

HitBTC, based in Denmark, first appeared in 2013. The most important thing about this exchange is the large number of assets available to its customers. Reportedly, there are more than 800 pairs that you can trade. This allows you to trade in some of the most obscure and lesser known cryptocurrency options in the world. It's great to diversify the assets and take advantage of the small increments between them.

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 it has worked hard on is the security of its customers. This, of course, is an essential part of any online trading experience. They have high liquidity and allow for high volume trading.

HitBTC only allows you to deposit certain cryptocurrencies and does not accept fiat options for that purpose. However, they do offer an integrated system that allows you to buy these cryptocurrencies to deposit with a debit or credit card. Overall, this is a highly rated exchange, and for good 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, which depends on the currency; HitBTC uses a multi-level system to calculate the trading commission. The more a user trades, the lower his commission;
Cartera There is no wallet for cryptocurrencies;
Method of payment The HitBTC exchange can only be topped up with digital currency;
Safety The platform offers 2-factor authentication, high-end encryption technology and cold storage of funds;
Mobile application Nee.

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.

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