The best 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 to the long list of available options. This has greatly boosted interest in trading cryptocurrencies, as their prices rise and fall sharply on the market.

In the early days of cryptocurrencies, the values of various currencies, especially bitcoin, were completely out of whack. Because they are entirely digital assets, no direct value could be assigned to them. This meant that their prices fluctuated drastically in the early years. Although large movements are still possible in this market, it has stabilized somewhat in recent years.

The greater stability of currencies has led to even more traders taking an interest in the market. One of the most popular methods for doing this is through the stock market. In these cases, traders exchange one asset for another in the market 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 around the world.

As the market adapts, the pockets available to you change as well.

What is a cryptocurrency exchange?

In order 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 currency.

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 at fair market value, which is influenced by a number of external factors, most notably supply and demand. Because cryptocurrencies are unique in that they have no real value, 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 take them to the exchange. You can fill this wallet with any currency that is accepted on the exchange, almost always some type of cryptocurrency. For this reason, most major exchanges offer crypto wallets through their own system 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 the order book. It is the place where all buy and sell orders are placed so that other traders can see what is going on. It is essentially a service that brings interested parties together. When a party sees a buy or sell order that they want to participate in, they make the request. Each exchange will operate its market in a slightly different way.

Factors influencing the value of cryptocurrencies

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

Before you jump on the major cryptocurrency exchanges, take the time to figure out which factors have the biggest impact on the value of cryptocurrencies. While this list can never be truly comprehensive, it will help 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 number of coins that can be mined is 21 million. This is a low number for a currency and an important reason why it is valued so highly. When this limit is reached - and it is getting closer - there will be fluctuations as the owners of the currency wonder what will happen when no more coins 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 depends on other factors, such as the general benefits that each cryptocurrency offers and the regulations that affect 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 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 driving 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 affect the value of these assets, so you should pay attention to them

Overview of the exchanges

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

An important criterion for a good cryptocurrency exchange is the level of security it offers its clients. 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 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 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 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 a number of different cryptocurrencies, so there is a good selection available.

Despite this 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 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 available here, you can be sure that you are in a good environment for working with crypto.

Coinbase
Cryptocurrencies 23 types of digital coins.
Fee commissions 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 rate applies. The amount depends on the payment method;
Cartera  Free on mobile and online. The advantage of this wallet is that transactions can be made outside the blockchain;
Payment method You can deposit and withdraw money by bank card, bank transfer and a number of other 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 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 offering. Perhaps the biggest appeal of this exchange is that it has deliberately focused its offering on a wide range of cryptocurrencies, including over 150 options. There are even some options for fiat currencies, but these are much more limited than the existing cryptocurrencies.

Binance has become one of the biggest names on the global exchanges, with huge volumes traded every day. Their range of assets and low commissions have made them more than competitive globally. This has led to a substantial user base and the company continues to grow at an impressive rate.

Users can make deposits using cryptocurrencies or a handful of fiat currencies that Binance allows. This is an often underestimated advantage that makes it easier for users all over the world to access. Perhaps the only real downside to this exchange is that it is a bit more complicated than other exchanges and may be more suitable for those who have experience with cryptocurrency systems like this.

Binance
Cryptocurrencies 740 different crypto and fiat pairs, including BNB's own token;
Fee commissions Binance offers competitive trading costs (commissions): 0.1% on each side of the trade or 0.075% if you use your Binance tokens (BNB);
Cartera  Trust Wallet mobile application;
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 app is available in the Google Play Store or the App Store.

Kraken

Kraken cryptocurrency exchange was founded 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 currencies to trade. This offering may not be their strongest feature, but they do offer other resources to help you out.

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 user interface may seem complicated for beginners. This might 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 wallet that offers all the important features for advanced users. One notable downside is that there are not that many payment options that you can use to make deposits into your account. There are ways around this, but it is still a drawback for some.

Kraken
Cryptocurrencies There are 8 tokens available for exchange;
Fee commissions 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  The website does not offer a wallet for cryptocurrencies;
Payment method Cryptocurrency wallets and money transfer via bank transfer. Deposits/withdrawals via bank cards are not possible;
Security The exchange offers users two-factor authentication (2FA), PGP encryption, and a global configuration lock that prevents changes to the account within a specified time period;
Mobile application Kraken Pro and Kraken Futures trading applications.

 Bittrex

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

Like many of the major cryptocurrency 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.

Bittrex
Cryptocurrencies   There are more than 250 trading pairs available;
Fee commissions Topping up your Euro account     is possible via: SEPA transfer; international bank transfer;  bank card.Withdrawal of money from fiat is possible via international bank transfer to a bank account, and for euro, SEPA transfer. The withdrawal fee depends on the cryptocurrency chosen: for Bitcoin it is 0.0005 BTC, for Ethereum 0.00600000 ETH. The website charges 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 was founded in 2014 and grew rapidly thanks to its enticing margin trading offering. They offer both open-ended and futures contracts, the latter being more similar to 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 it all. This environment may be better suited for more experienced users.

Bitmex has 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 choice, especially for margin trading.

BitMEX
Cryptocurrencies 55 trading pairs;
Fee commissions BitMEX does not charge any fees for deposits or withdrawals. When withdrawing BTC, a minimum Bitcoin. A network fee for Makers is 0.075% of the total value of the order, while Makers    pay an additional 0.025% for each transaction;
Cartera BitMEX Crypto BitMEX Wallet;
Payment method Apart from 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 at the end of 2012 and is one of the first cryptocurrency exchanges to exist. It has been a trendsetter from the beginning and is now known for the margin trading that it offers to its users. The leverage they have here allows for significant investments in the market. Like any margin trading, it 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 for users around the world.

Bitfinex 
Cryptocurrencies More than 140 coins and 300 pairs of quotes;
Fee commissions There are no additional fees for deposits and withdrawals in digital currencies. When depositing USD, you have to pay a commission of 0.1%, but not less than $20;The minimum commission for fiat money withdrawal is $60;For the minimum currency turnover per month, the trading commission is 0.1% for the originator and 0.2% for the taker;
Cartera You can choose from three portfolios: Trader Portfolio, Margin Portfolio and Financing Portfolio;
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 to support daily transactions. The rest of the coins are stored in cold wallets that are inaccessible to hackers. Manual approval by multiple members of the management team is required to make these portfolios available;
Mobile application Available.

 Localbitcoins

Another early player in the cryptocurrency exchange space, Localbitcoins, was founded in 2012. It is a unique exchange service in 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 will traditionally have a more localized trading experience.

On this platform you can meet other traders and trade your trades. They offer a custody 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 trading large volumes. The exchange rates at Localbitcoins can be a bit high compared to other options.

Localbitcoins
Cryptocurrencies Bitcoin;
Fee commissions The service does not charge commission to the buyer. For sellers there is a fixed commission of 1% on each sale.
Cartera  Monedero Bitcoin;
Payment method Bank transfers, bank cards, electronic systems;
Security The security of transactions is ensured by the escrow method, which has proven to be very effective; user accounts are protected by two-factor authentication.
Mobile application

Poloniex

Since 2014, Poloniex has performed well in its role as a crypto exchange. The offering includes 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, with higher volume rewarded with lower fees.

They also split the commissions for Maker and Taker on the market. A maker creates the position and a taker closes it. Creators have lower commissions, which probably results in more positions available for 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
Fee commissions All deposits are available without 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 in a month, the lower the fees for all subsequent transactions;
Cartera  Si;
Payment method Topping up an account with a bank card or withdrawing money with 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.

 Kucoin

Kucoin is a Singapore-based exchange that was only launched in 2017. Compared to many of the big platforms, it is a young company. However, the creators behind this company certainly do not lack experience in the field of cryptocurrencies, and they show this experience in their platform. Thanks to this fact, it has developed quickly and is now used in several countries around the world.

As for security, Kucoin has stated that it uses banking-class systems, creating a protected environment at the highest level. It does this 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 more than 450 pairs of currencies;
Fee commissions All deposits are free on the site and there is a fixed fee for withdrawals. KuCoin offers a fixed trading fee of 0.10%, which is lower than the industry average.
Cartera  Internal website cryptocurrency portemonnee;
Payment method A variety of payment methods supported by fiat P2P services;
Security The exchange allows you to set up two-factor authentication with Google Authenticator.
Mobile application Available.

They have a whole range of contact options for their support team, and in a variety of different languages. As a company that hasn't been around as long as many others, there are still some risks. However, the longer Kucoin remains without any dramatic incidents or security breaches, the more trust it will inspire in traders around the world.

 Bitpanda

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 trading cryptocurrencies as easy as possible for everyone. They use an intuitive platform that is easy to access and navigate. Whatever it is, it seems to be working, as it currently has 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, all with the assurance that they are secured by Switzerland.

In addition, Bitpanda has many other implications that open up interesting sides of the market to explore. These help improve savings, trade at higher volumes, and even come with proprietary Bitpanda tokens. Like other proprietary tokens, these 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;
Fee commissions 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 replenishment and withdrawal is determined for each currency and charged to the account;
Cartera  Bitpanda cryptocurrency wallet;
Payment method You can make a deposit by bank transfer, credit card or via electronic payment systems;
Security Bitpanda refers to systems that manage the keys to users' portfolios independently; it also offers the following security measures: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. This company was founded in the golden age of cryptocurrency exchanges in 2013 and has used its experience to absolute advantage. It is important to note that while it is technically an exchange, there is actually no exchange possible. Instead, you buy and sell cryptocurrencies on and from Coinmama itself.

They offer a decent selection of credit and payment services. There are also high limits for bitcoin purchases via credit or debit cards. These high limits are bought by similar fees. The platform itself supports multiple languages, as it is intended for a large global market.

Coinmama 
Cryptocurrencies La plataforma vend Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos und EOS;
Fee commissions There is a 5% service fee 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 website that uses Trust Guard and Comodo technology. 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 great for beginners thanks to its intuitive interface and global reputation. One downside 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 look out for is the fact that the support available is not quite as extensive and does not offer as much practical help as others.

 Paxful

This exchange started 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 way you can check who you are trading with and make sure that they are a reliable candidate.

The biggest drawback is that merchants only sell Bitcoin on this platform. There are many different payment options and they accept a number of currencies to buy bitcoin, but only bitcoin can be sold. 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 see larger fees in the form of reduced conversion rates for Bitcoins.

Paxful
Cryptocurrencies Bitcoin und Tether
Fee commissions Fees 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 fees are charged for the purchase of 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;
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, escrow and 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 customers. According to reports, there are more than 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 assets and taking advantage of the small growth rates between 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 says it has worked hard on is the security of its customers. This is, of course, an essential part of any online trading experience. They have high liquidity and allow trading with large volumes.

HitBTC only allows you to deposit certain cryptocurrencies and does not accept fiat options for this purpose. However, they do offer a built-in system that allows you to buy these cryptocurrencies and deposit them using 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;
Fee commissions There are no commissions for deposits and a fixed commission for withdrawals, depending on the currency; HitBTC uses a multi-level calculation system for trading commission. The more a user trades, the lower his commission;
Cartera There is no wallet for cryptocurrencies;
Payment method The HitBTC exchange can be topped up with digital currencies only;
Security 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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