Platforms to buy cryptocurrencies India 2021
The extraordinary power of digital good
The cryptocurrency itself has only been around since 2009. Since its inception, a plethora of new coins have been released, adding to the long list of options now available. This has stimulated significant interest in trading cryptocurrencies, as their prices in the market are rapidly rising and falling.
In the early days of cryptocurrencies, the values of various currencies, particularly bitcoin, were everywhere. Because they are entirely digital assets, there was no direct value that could be attached to them. This meant that their price fluctuations in the early years varied widely. While there is still potential for big moves in this market, it has stabilized somewhat over the past few years.
More stable currencies have caused even more traders to take an interest in the market. One of the most popular methods is trading. In these cases, traders exchange one asset for another through the market and hold them for a long time to profit from the moving value. Not surprisingly, this has led to a surge in the number of new exchanges available around the world.
As the market adapts, the exchanges available to you change as well
What is a cryptocurrency exchange?
To review the exchanges, you should know how they generally work
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 regular fiat currencies.
Basically, the process is simple enough to understand. You simply connect to one of these platforms, enter the currency and the amount that you have and want to trade and start trading. You are dealing with real people and exchanging real assets with them. You can then trade your new assets with other people or hold them until their value increases.
These digital currencies work in the same way as other commodities in the market. They are traded at their fair market value, which is affected by many external factors, primarily supply and demand. Since cryptocurrency is unique in that it has no real value, 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 store your own coins and can then transfer them to the currency market. You can fill this wallet with any coin that is accepted on the exchange, usually a type of cryptocurrency. As such, most major exchanges offer cryptocurrency wallets through their own system, helping users protect their balances.
Once this amount is loaded into the exchange, you submit a buy or sell order to the system. This is commonly known as the order book. All the buy and sell orders will be published there so that other traders can see what is going on. This is basically a service that connects the parties involved. When one party sees a buy or sell order that they want to participate in, they place an order. Each exchange will run its marketplace in a slightly different way.
Factors affecting the value of cryptocurrencies
Digital assets are not based on tangible assets and have variable value.
Before jumping into the major cryptocurrency exchanges, it's worth spending some time analyzing which factors have the greatest impact on cryptocurrency values. While this list can never be truly exhaustive, there are benefits to better understanding how these values can change.
- Limited Supply. One of the largest factors currently affecting cryptocurrency, in particular bitcoin, is a limit on the available supply. This is significant because there is a fixed limit of how many are out right now and how many more can possibly be released. Due to the way crypto is created, the release of more coins becomes increasingly more difficult the closer it gets to the maximum.
For bitcoin, the maximum possible number of coins that can be minted is 21 million. This is a low number for any coin and is a big reason why they are so highly valued. As this limit is reached, which is very close, there will be fluctuations as coin owners wonder what will happen when there are no more coins in 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 will vary depending on even more factors, such as the overall benefits each provides and the regulations on the various currencies. Knowing the level of interest in these currencies will help 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, regulations may restrict the use of these currencies. This will understandably affect the demand for these assets as they will lose some of their real value. The integration of cryptocurrencies will continue to change and grow, which will pull and push 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 even more factors that affect the value of these assets, so pay attention to these
Stock Market Review
There are many cryptocurrency exchanges available today and choosing is harder than ever. Each exchange has a similar offering, but with its own unique makeup. Understanding what to expect from some of the best ones will allow investors to find the ones that work best for the way they want to trade.
A big part of a good cryptocurrency exchange is the level of security it provides to its customers. This is especially critical in an online environment, which is what most of them are. How different exchanges approach this is a good indicator of how reliable they can be and what you can trust.
Your market environment can be a significant factor in your overall experience and success.
Coinbase is a very popular exchange. It was founded in 2012, just a few years after the launch of Bitcoin. This exchange is 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 and a pro version.
Coinbase has fairly high fees unless you use their professional account. This professional account also allows for more charting options and even some powerful indicators that track subtle changes in the market. They offer a number of different cryptocurrencies, but there is a good selection available.
Despite the variety they provide, there are other exchanges that offer more variety even than this one. The Coinbase system is intuitive to use so that even new users are able to navigate through it with relative ease. There are also insurance policies that are made available to customers to help them protect their cryptocurrency wallets.
Overall, this is certainly a comprehensive cryptocurrency exchange that provides all the necessary options, especially for new users. With all the bells and whistles that are included here, you can rest assured that you are in a good environment to work with cryptocurrencies.
|Cryptocurrencies||23 types of digital currencies;|
|Commissions and fees||All transactions under $200 have the following interest rates:$0.99 - for transactions under $10;$1.49 - for transactions between $10 and $25;$1.99 - for transactions between $25 and $50;$2.99 - for transactions between $50 and $200.For transactions over $200, a fixed interest rate comes into play. Its amount depends on the method of payment;|
|Portfel||Free mobile and online. The advantage of this wallet is that transactions can be made off-block;|
|Method of payment||Funds can be deposited and withdrawn by bank card, wire transfer and a range of payment systems. SEPA transfers are available for EU residents;|
|Security||Two-factor authentication; All website traffic is encrypted using SSL cryptographic protocol; All wallet keys are protected by AES-256 encryption; Only 2% of your clients' cryptocurrency funds are stored online and are insured against loss;|
|Mobile application||Mobile apps for Android and iOS.|
This cryptocurrency exchange was founded in 2017. Being a relatively new company, they have still managed to increase their offerings significantly. Perhaps the main attraction of this exchange is that they have intentionally focused their offerings on a wide range of different cryptocurrencies, including over 150 options. There are even some currency options, but they are much more limited than current cryptocurrencies.
Binance has become one of the biggest names in the global foreign exchange arena where huge volumes are traded daily. Their variety of assets and lower fees have made them more than competitive around the world. 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 cryptocurrencies or the handful of fiat currencies that Binance allows. This is an often underrated advantage that serves to make access easier for users around the world. Perhaps the only real downside to this exchange is that it has a slightly more complicated layout than some other exchanges and is perhaps best suited for those who have experience with cryptocurrency systems such as these.
|Cryptocurrencies||740 different cryptocurrency and fiat pairs, including the BNB token itself;|
|Commissions and fees||Binance offers competitive transaction fees (commissions): 0.1% on each side of the transaction or 0.075% if you use your Binance tokens (BNB);|
|Portfel||Trust Wallet mobile app;|
|Method of payment||Bank transfer, debit/credit cards, various P2P payment channels;|
|Security||The exchange has launched the CryptoSafe Alliance (CSA). This initiative will bring together exchanges, blockchain protocols, cybersecurity experts and compliance firms. It is the first comprehensive tool for monitoring and protecting against threats in a decentralized exchange environment;|
|Mobile application||The free app is available in the Google Play Store or App Store.|
Kraken cryptocurrency exchange was founded in 2011. After a relatively early start, this group has quickly become one of the most popular exchanges in the Euro market. They are very well priced and offer a good mix of altcoins as well as options to trade fiat currencies. This range of assets may not be their strongest point, but they provide other resources that help with this.
Some of the features that Kraken offers include impressive graphical tools and even margin trading. This exchange is again aimed at more experienced users and its interface may seem complicated to beginners. Perhaps this is an exchange you can move to once you understand more about the experience and how to manage these trades.
It is definitely a high-end exchange with all the important features that support its most advanced users. One noticeable drawback is that there are not as many payment options with which you can deposit money into your account. This can be circumvented, but it is still a drawback for some.
|Cryptocurrencies||There are 8 tokens available for trading;|
|Commissions and fees||Transactions below 50,000 units of a given currency are subject to commissions of 0.16% for the seller and 0.26% for the buyer; for amounts above 50,000 units, the commissions are reduced to 0.14% and 0.24% respectively;|
|Portfel||No cryptocurrency wallets are offered on the site;|
|Method of payment||Cryptocurrency wallets and money transfers via bank transfer. Deposit/withdrawal via bank cards is not available;|
|Security||The exchange offers users two-factor authentication (2FA), PGP encryption, and a global settings lock that prevents any changes to the account within a certain time period;|
|Mobile application||Kraken Pro and Kraken Futures trading applications.|
Bittrex launched around the same time as many other exchanges, first appearing in 2014. Perhaps the biggest advantage that this exchange provides its users is the wide range of different assets that they can trade. This allows for important diversification in their market strategies.
Like many other top cryptocurrency exchanges, Bittrex has wallets in their system that can be used to safely store any currency. They also have extensive security features and high-tech software to protect these online wallets and the platform itself.
|Cryptocurrencies||More than 250 retail pairs are available;|
|Commissions and fees||Withdrawal fee depends on the chosen cryptocurrency: in bitcoin it is 0.0005 BTC, in Ethereum - 0.00600000 ETH. The site has a fixed transaction fee of 0.25% of the total value of the order;|
|Portfel||No crypto wallet;|
|Method of payment||Bank transfers, credit/debit cards;|
|Security||Two-factor authentication (2FA); IP verification, which requires email confirmation of entry from a new IP address; IP whitelisting; cold storage for 80%-90% of goods;|
|Mobile application||There are two apps for Android and iOS respectively: Bittrex Global and Bittrex.|
Bitmex started in 2014 and has grown quickly with tempting margin trading offers. They offer both perpetual contracts and futures, with the latter being more akin to binary trading than regular trading. In the case of futures, they also offer leverage, which can be both a powerful way to make money quickly and a quick way to potentially lose it all. This is perhaps a more suitable environment for more experienced users.
Bitmex has good security, but their registration process is almost too easy. It's a reasonable trade-off between added convenience and some added risk. Overall, this cryptocurrency exchange has become a popular option, especially for margin trading.
|Cryptocurrencies||55 trading pairs;|
|Commissions and fees||BitMEX does not charge any deposit or withdrawal fees. A minimum value of Bitcoin Network commission is applied; Merchant commission for buyers is 0.075% on the total order value, while manufacturers receive an additional 0.025% on each transaction;|
|Portfolio||BitMEX Crypto Wallet|
|Method of payment||Other than cryptocurrencies, BitMEX does not accept any other deposits;|
|Security||Funds are stored in cold wallets;Two-factor authentication; Registration via SMS notifications; Multi-signature Wallets for transactions; Email communication is encrypted using PGP encryption;|
|Mobile application||BitMEX Mobile will launch in September 2020.|
Founded in late 2012, it is one of the first cryptocurrency exchanges. A trendsetter from the beginning, it is now known for the trading margins it offers its users. The leverage they provide here allows for significant investments in the market. Like all margin exchanges, it can be a risky venture, but if you trade well, it can be very profitable.
Bitfinex doesn't have the largest number of assets to trade, but it does have several currency options that it introduced in 2015 to diversify its cryptocurrency market. This exchange is also available to users from all over the world.
|Cryptocurrencies||Over 140 currencies and 300 trading pairs;|
|Commissions and fees||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 fee for withdrawing fiat money is $60; With a minimum currency turnover per month, the trading fee is 0.1% for the producer and 0.2% for the borrower;|
|Portfolio||Users are offered three wallets to choose from - Exchange Wallet, Margin Wallet and Financing Wallet;|
|Method of payment||In addition to cryptocurrencies, users have bank transfers and cash withdrawals available on the card;|
|Security||Only 0.5% of cryptocurrency assets are held online to support daily transactions. The rest of the coins are stored in cold wallets out of reach of hackers. For these wallets to be accessible, manual authorization from several executives is required;|
Another cryptocurrency exchange game, Localbitcoins started back 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 although they operate globally, their users will traditionally have a more local trading experience.
Through this platform, you can meet other traders and trade their trades. To facilitate these trades, they provide a trust account and maintain strict portfolios of their members. This creates an environment of trust, especially for novice traders who are not yet interested in large trades. The exchange rates with Localbitcoins can be a bit high compared to other options.
|Commissions and fees||The website does not take commission from the buyer. Sellers are charged a fixed commission of 1% of each sale;|
|Method of payment||Wire transfers, bank cards, electronic systems;|
|Security||Transaction security is provided by the escrow method, which has proven to be very effective; user accounts are protected by two-factor authentication.|
Since 2014, Poloniex has performed well in its role as a cryptocurrency exchange. Its offerings include over 100 cryptocurrency pairs and a secure environment for users to manage their transactions. Fees are also relatively low, with certain factors affecting these costs. One such factor is trading volume, with higher trading volumes being rewarded with lower fees.
They also split the fee for the makers and buyers in the market. The creator creates the item and the taker closes it. Creators have smaller fees, which will likely encourage other users to work on more items. There are also other features that support users in navigating the platform, from a live chat window to data analysis tools.
|Cryptocurrencies||More than 100 currency pairs|
|Commissions and fees||All deposits are allowed without any additional fees;Withdrawal fee is fixed and depends on the type of cryptocurrency;Trading commissions range from 0 to 0.25%; producer's commission from 0% to 0.15%; borrower's commission from 0.1% to 0.25%;The higher the volume of transactions completed in a month, the lower the commission for all transactions completed thereafter;|
|Method of payment||Topping up your account with a bank card or withdrawing to a card is not available to users in some countries;|
|Security||The administration strongly recommends that you add two-factor authentication to your account;|
|Mobile application||Available at|
Kucoin is a Singapore-based exchange that only launched in 2017. Relative to many of the leading platforms, it is a young company. Despite this, the developers behind this company certainly don't lack experience in cryptocurrencies and they demonstrate this knowledge in their platform. As a result, it has grown rapidly and is now used in many countries around the world.
When it comes to security, Kucoin said it uses systems on par with banks, creating an environment that is protected at the highest level. This is done through extensive encryption and multi-level authentication. While this is impressive, it may be too early in the career of this young cryptocurrency exchange to say how secure it all is.
|Cryptocurrencies||Over 200 currencies and over 450 trading pairs;|
|Commissions and fees||All deposits on the site are free, and a flat fee is charged for withdrawals; KuCoin offers a flat trading commission of 0.10%, which is lower than the industry average.|
|Portfel||The site's internal cryptographic wallet;|
|Method of payment||Variety of payment methods supported by P2P fiat services;|
|Security||The Exchange gives you the option to set up two-factor authentication through Google Authenticator.|
|Mobile application||Available at.|
You have multiple options at your disposal to contact the support team, all in different languages. There is still some risk involved with companies that have not been around as long as many others. However, the longer Kucoin goes without dramatic incidents or security breaches, the more trust it will inspire in merchants around the world.
It is an exchange based in Austria that started in 2014. It was originally called Coinimal, but has since changed its name to Bitpanda. Their whole mission is to make cryptocurrency trading as easy as possible for everyone. They use an intuitive platform with easy access and navigation. Whatever you do, it seems to be working because they currently have over a million users.
Bitpanda focuses primarily on cryptocurrencies, but they also offer trading in some 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 between cryptocurrencies and metals, all with the confidence that they are backed by Switzerland.
Besides, Bitpanda has many other affiliates that open up interesting sides of the market to explore. They help you save better, trade at higher volumes, and even have their own Bitpanda tokens. Like other in-house tokens, these can be used for various benefits such as reduced fees on transactions. The fees for this exchange are relatively small.
|Cryptocurrencies||Bitcoin, Ethereum and more than 30 digital assets;|
|Commissions and fees||The commission for the trading service depends on the type of currency and the nature of the transaction. When buying bitcoin you pay 1.49%, when selling - 1.29%; the replenishment and withdrawal commission is fixed for each currency and is charged to your account;|
|Portfel||Bitpanda cryptocurrency wallet;|
|Method of payment||Payment can be made by bank transfer, credit card or electronic payment systems;|
|Security||Bitpanda refers to systems that self-manage the user's wallet keys. Additionally, the following security measures are offered: Cold storage; Session control. Each login attempt from a new device requires confirmation of two-factor authentication; Email authentication and validation;|
CoinMama is another good exchange. Starting in the golden era of cryptocurrency exchanges in 2013, this company has used its experience to its definite advantage. Keep in mind that while technically still an exchange, there is actually no exchange at all. Instead, you are buying and selling cryptocurrencies to and from Coinmama itself.
They provide a decent range of options for payment goods and services. There are also high limits associated with purchasing bitcoin through credit or debit cards. These high limits come with the cost of comparable fees. The platform itself allows for multiple languages, as it is designed for a large global market.
|Cryptocurrencies||Platforma sprzedaje Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos e EOS;|
|Commissions and fees||There is a 5% service fee for using credit or debit cards. Besides, the platform charges 3.90% for buying coins and 0.9% for selling them;|
|Method of payment||Credit/debit cards and wire 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. One downside is that they require users to have their own cryptocurrency wallets. This is not a bad thing, just a bit more inconvenient, especially for new users. Another factor to keep in mind is that their available support is a bit fussy and doesn't offer help like some others.
This exchange started in 2015, based in the United States. The first thing to note about this platform is that it serves as many countries as possible, mainly in Europe and the United States. Considering itself the "Uber" of cryptocurrency exchanges, this system has a very basic model. The security is of good quality and the corresponding fees associated with using their services are 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 allows you to see who you are trading with and make sure it is a trustworthy candidate.
The most noticeable drawback is that on this platform, investors only sell bitcoin. There are many different payment methods and they accept a range of currencies to use when buying bitcoin, but you can only sell bitcoin. There are no fees for buying, but there is a flat fee of 1% for each sale. Even with all the payment services that Paxful accepts, for the more outlandish ones you should expect to pay more in the form of reduced conversion rates for bitcoin.
|Cryptocurrencies||Bitcoin e Tether;|
|Commissions and fees||Commissions are applied when selling cryptocurrencies:0.5% for bank transfers;1% for bank cards and electronic payments;3-5% for gift cards;No commission is charged when purchasing cryptocurrencies;Paxful charges a fee for transferring funds to an external wallet.$ 0 - $ 9.99 = 0.0001 BTC $ 10 - $ 19.99 = 0.0002 BTC Over $ 20 = 0.0005 BTC;|
|Portfolio||Paxful Wallet App makes it easy to store and manage coins with a mobile cryptocurrency wallet;|
|Method of payment||Over 300 ways to purchase coins including bank transfer, credit and debit cards, PayPal, Western Union and even Amazon, iTunes or Steam gift cards;|
|Security||System security is ensured by two-factor authentication, escrow and a mandatory verification procedure when working with large volumes;|
|Mobile application||Paxful port error dla Android i iOS.|
Based in Denmark, HitBTC first appeared in 2013. The main feature of this exchange is the large number of assets available to its customers. There are reportedly over 800 pairs to trade. This allows you to trade some of the most obscure and lesser-known cryptocurrency options around the world. This is great for diversifying your investments and taking advantage of small increases between each of them.
They offer a demo account to test the platform and various other features to make the market even more exciting. One of the most important features that this exchange has supposedly worked hard on is the security of its customers. This is obviously an important part of any online trading experience. They have high liquidity and allow for significant volumes to be traded.
HitBTC only allows you to deposit specific cryptocurrencies and does not accept any fiat options for this. They do, however, offer a built-in system where you can buy these cryptocurrencies for deposit using debit or credit cards. Overall, this is a highly rated exchange for good reason.
|Cryptocurrencies||There are 800 currency pairs traded on the platform today;|
|Commissions and fees||No commission on deposits and fixed commission on withdrawals, depending on the currency;HitBTC uses a tiered system to calculate trading fees. The more a user trades, the lower your commission will be;|
|Portfolio||No cryptocurrency wallet;|
|Method of payment||The HitBTC exchange can only be supplemented with digital currency;|
|Security||The platform provides 2-factor authentication, high quality encryption technology and cold storage of funds;|
There are many good cryptocurrency exchanges available online. We hope that you now know what some of these platforms offer and which one might be best for you.