Where to buy cryptocurrencies India 2021
          

The extraordinary power of digital assets

The cryptocurrency itself has only been around since 2009. Since its inception, many new coins have been added to supplement the long list of available options. This has generated a great deal of interest in cryptocurrency trading, as their prices rise and fall sharply in the market.

In the early days of cryptocurrencies, the values of different currencies, especially bitcoin, varied widely. As they are entirely digital assets, no direct value can be assigned to them. This meant that their price fluctuations were very large in the early years. Although large movements are still possible in this market, it has stabilized somewhat in recent years.

The increased stability of currencies has made more traders interested in the market. One of the most popular methods is foreign exchange. In this case, market traders exchange one asset for another and hold it for an extended period of time to take advantage of changing values. Not surprisingly, this has led to a sharp increase in the number of new exchanges around the world.

As the market adjusts, so do the exchanges that are available to you.

What is a cryptocurrency exchange?

In order to review the exchanges, it is necessary to know how they work 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 regular fiat currencies.

In principle, the process is quite simple 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 assets with them. You can then trade these new assets with other people or hold them until their value increases.

These digital currencies function much like other assets in the market. They trade at approximately their market value, which is influenced by many external factors, primarily supply and demand. Since cryptocurrency is unique in the sense that it has no real value, its prices are largely influenced by these external factors.

To fund your account on the cryptocurrency exchange, you need a cryptocurrency wallet. Here you store the currencies you own and can transfer them to the exchange. You can fill this wallet with any currency accepted on the exchange, usually some type of cryptocurrency. This is why most major exchanges offer cryptocurrency wallets through their own systems, which help users protect their assets.

Once this amount is uploaded to the exchange, you give a buy or sell order to the system. This is commonly referred to as the order book. All buy and sell orders are placed there so that other traders can see what is happening. In fact, it is a service that connects the parties involved. When a party sees a buy or sell order it wants to be part of, it makes a request. Each exchange will manage its market slightly differently.

Factors influencing the value of cryptocurrencies

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

Before jumping into the biggest cryptocurrency exchanges, it's worth taking a moment to see what factors have the greatest influence on the value of cryptocurrencies. While this list can never be truly exhaustive, it is beneficial to understand how these values can change.

  • Limited Supply. One of the largest factors currently affecting cryptocurrency, in particular bitcoin, is a limit on the available supply. This is significant because there is a fixed limit of how many are out right now and how many more can possibly be released. Due to the way crypto is created, the release of more coins becomes increasingly more difficult the closer it gets to the maximum.

In the case of bitcoin, the maximum possible number of coins to mine is 21 million. This is a low figure for any coin and a big reason why they are valued so highly. When this limit is reached, which is very close, there will be fluctuations as bitcoin owners 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 will vary depending on other factors, such as the overall benefits offered by each coin and the regulations that apply to the different coins. 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.

In other cases, the use of these currencies may be restricted by regulations. This will unsurprisingly affect the demand for these assets as they lose some of their real value. The integration of cryptocurrencies will constantly change and grow, pulling and pushing the 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 pay particular attention to

Summary of the exhibition

There are many cryptocurrency exchanges available today and choosing one is more difficult than ever.Each exchange has a similar offering, but with its own unique makeup. When traders understand what to expect from the best ones, they can find the ones that best suit the way they trade.

A big part of a good cryptocurrency exchange is the level of security it offers its customers. This is especially important in an online environment, and it usually is. How different exchanges handle this is a good indicator of how much you can trust and rely on them.

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

 Coinbase

Coinbase is a very popular exchange. It was created 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 and a pro version.

Coinbase has quite high commissions unless you use their pro account. This pro account also allows for more charting options, and even some powerful indicators that track subtle changes in the market. However, they offer several different cryptocurrencies, so there are plenty of options.

Although they offer this range, there are other exchanges that offer even more variety. Coinbase's system is intuitive to use, so even new users will find it easy to navigate. Insurance policies are also available to help protect customers' cryptocurrency portfolios.

Overall, this is definitely a comprehensive cryptocurrency 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 cryptocurrencies.

Coinbase
Cryptocurrencies 23 types of digital currencies.
Commissions on fees For all transactions under $200 the following fees are charged:$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. The amount depends on the method of payment.
Portfel  Free on mobile and online. The advantage of this wallet is that transactions can be made outside the blockchain.
Method of payment You can deposit and withdraw money with a bank card, bank transfer and a number of payment systems. SEPA transfers are available for EU residents;
Security Two-factor authentication; All traffic on the site is encrypted with SSL cryptographic protocol; All wallet keys are protected with AES-256 encryption; Only 2% of your customers' cryptocurrency funds are stored online and are insured against loss;
Mobile application Mobile applications for Android and iOS.

 Binance

This cryptocurrency exchange first appeared in 2017. Being a relatively new company, they have managed to grow their offering significantly. Perhaps the biggest advantage of this exchange is that it has deliberately focused on a wide range of different cryptocurrencies, including more than 150 options. There are even forex options available, but these are much more limited than cryptocurrencies.

Binance has become one of the biggest names in the global forex arena, trading huge volumes every day. The variety of assets and low costs have made it 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 cryptocurrencies or various fiat currencies that Binance allows. This is an often underrated advantage that facilitates access to users from all over the world. Perhaps the only real drawback to this exchange is that it has a slightly more complicated design than other exchanges, and may be more suitable for those who are experienced with these types of cryptocurrency systems.

Binance
Cryptocurrencies 740 different cryptocurrency and fiat currency pairs, including BNB's own token;
Commissions on 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 application;
Method of payment Bank transfer, debit/credit cards, various P2P payment channels;
Security The exchange has created the CryptoSafe Alliance (CSA). The initiative will bring together exchanges, blockchain protocols, cybersecurity experts and compliance firms. It is the first comprehensive tool to monitor and protect against threats in a decentralized exchange environment.
Mobile application The free app is available on the Google Play Store or App Store.

Kraken

The Kraken cryptocurrency exchange was first launched in 2011. After a relatively early start, it has quickly become one of the most popular exchanges in the euro market. They are highly rated and offer a good mix of altcoins, as well as options for trading fiat currency. This range may not be their strongest point, but they do offer other helpful tools.

Some of the features that Kraken offers are impressive charting tools and even margin trading. This exchange is also aimed at more experienced users, and its interface may seem complicated for beginners. Perhaps this is the exchange to switch to, once you get to know more about the experience and how to manage these trades.

This is definitely a top-notch exchange with all the important features that support the most advanced users. One drawback is that there are not as many payment options that you can use to deposit into your account. There are ways around this problem, but it is still a drawback for some.

Kraken
Cryptocurrencies There are 8 tokens available for trading;
Commissions on fees Transactions of less than 50,000 units of a currency are subject to a commission of 0.16% for the seller and 0.26% for the buyer; for amounts over 50,000 units, the commissions are reduced to 0.14% and 0.24% respectively;
Portfel  No cryptocurrency wallet is offered on the site;
Method of payment Cryptocurrency wallets and money transfer via bank wire. It is not possible to deposit/withdraw via bank cards;
Security The exchange offers users two-factor authentication (2FA), PGP encryption and a global configuration lock that prevents changes to the account within a certain period of time;
Mobile application Kraken Pro and Kraken Futures trading applications.

 Bittrex

Bittrex was founded around the same time as many other exchanges, and was first introduced in 2014. Perhaps the biggest advantage of this exchange is the wide range of different assets that can be traded. This allows for significant diversification of your market strategy.

Like many other top cryptocurrency exchanges, Bittrex has wallets in its system, which can be used to securely store any coin. It also has extensive security features and high-tech software to protect these online wallets and the platform itself.

Bittrex
Cryptocurrencies      There are more than 250 pairs of tents available;
Commissions on fees Updating in euro is possible by means of: SEPA; international bank transfer; bank card. Withdrawals in fiat can be made to a bank account via international bank transfer and, in the case of the euro, SEPA supported. The withdrawal commission depends on the chosen cryptocurrency: in bitcoin it is 0.0005 BTC, in Ethereum - 0.00600000 ETH. The site applies a fixed trading commission of 0.25% of the total value of the order;
Portfel  There is no cryptocurrency wallet;
Method of payment Bank transfers, credit/debit cards;
Security Two-factor authentication (2FA); IP verification, which requires email confirmation when logging in from a new IP address;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 with tempting offers for margin trading. It offers both perpetual contracts and futures, the latter being more akin to binary trading than the regular stock market. 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 its registration process is almost too easy. It's a reasonable trade-off between additional convenience and some extra risk. Overall, this cryptocurrency exchange has become a popular choice, especially for margin trading.

BitMEX
Cryptocurrencies 55 commercial pairs;
Commissions on fees BitMEX does not charge a deposit or withdrawal fee. 0.075% of the total order value, while creators receive an additional 0.025% on each transaction;
Portfel BitMEX cryptocurrency portemonnee
Method of payment Apart from cryptocurrencies, BitMEX does not accept any other type of deposit;
Security Funds are stored in cold wallets; Two-factor authentication; Registration via SMS messages; Multiple signatures  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. It has been a trendsetter since its inception, and is now known for the hedging offerings it provides to its users. Leverage allows for significant investment in the market. Like any margin trading, it can be a risky venture, but with proper trading it can be very profitable.

Bitfinex does not have the largest amount of assets to trade, but it has 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.

Bitfinex 
Cryptocurrencies More than 140 coins and 300 pairs of quotations;
Commissions on fees There are no additional commissions 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 withdrawing fiat money is $60;For a minimum turnover of currencies per month, the trading commission is 0.1% for the creator and 0.2% for the acceptor;
Portfel Users can choose from three portfolios: Exchange Portfolio, Margin Portfolio and Finance Portfolio;
Method of payment In addition to cryptocurrencies, bank transfers and card withdrawals are also available to users.
Security Only 0.5% of cryptocurrency assets are stored online to support daily transactions. The rest of the coins are stored in cold wallets, out of hackers' reach. Manual approval from several members of the management team is required to make these wallets available;
Mobile application Available.

 Localbitcoins

Another early player in the cryptocurrency exchange game, Localbitcoins started in 2012. It is a unique exchange service because, rather than focusing on volume trading, it operates as a peer-to-peer (P2P) service. This means that, although it operates globally, its users have traditionally had a more localized trading experience.

Through this platform, you can meet other traders and trade your exchange transactions. To facilitate these transactions, you provide a deposit account and maintain strict portfolios of your members. This creates a climate of trust, especially for novice traders who are not yet interested in trading on a large scale. Exchange rates with Localbitcoins may be slightly higher than with other options.

Localbitcoins
Cryptocurrencies Bitcoin
Commissions on fees The website does not charge commission to the buyer. A commission of 1% of each sale is established for sellers.
Portfel  Why Bitcoin
Method of payment Bank transfers, bank cards, electronic systems;
Security Transactions are secured 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 been performing well as a cryptocurrency exchange. Its offering includes more than 100 cryptocurrency pairs and a secure environment for users to manage their transactions. Fees are also relatively low, with certain factors influencing these costs. One such factor is the volume traded, as higher volume is rewarded with lower fees.

They also divide the remuneration between the brokers and the buyers in the market. The originator creates the position and the taker closes it. Brokers have smaller commissions, which will likely increase the number of positions for other users. In addition, there are other features that help users navigate the platform, from live chat to data analysis tools.

Poloniex 
Cryptocurrencies More than 100 castings appeared
Commissions on fees All deposits are allowed without additional fees;Withdrawal fees are fixed and depend on the type of cryptocurrency;Trading commission ranges from 0 to 0.25%;Producer commission ranges from 0% to 0.15%;Receiver commission ranges from 0.1% to 0.25%;The higher the number of completed transactions in a month, the lower the commission for all subsequent completed transactions;
Portfel  Tak;
Method of payment Updating with a bank card or withdrawing money with a card is not possible for users in some countries;
Security The administration strongly recommends adding two-factor authentication to your account;
Mobile application Available

 Kucoin

Kucoin is a Singapore-based exchange that only launched in 2017. Compared to many of the leading platforms, it is a young company. Despite this, the developers behind this company certainly do not lack experience with cryptocurrencies, and they demonstrate this knowledge in their platform. As a result, it has grown rapidly and is now used in several countries around the world.

In terms of security, Kucoin says it uses systems similar to those used by banks, creating a protected environment at the highest level. This is done through extensive encryption and multi-level authentication. That's impressive, but it may be too early in the career of this young cryptocurrency exchange to say how secure it all is.

Kucoin 
Cryptocurrencies More than 200 coins and more than 450 pairs of quotations;
Commissions on fees All deposits on the site are free and there is a flat fee for withdrawals; KuCoin offers a flat trading fee of 0.10%, which is lower than the industry average.
Portfel  The interior of a cryptocurrency wallet;
Method of payment Variety of payment methods supported by fiat P2P services;
Security The Exchange offers you the possibility to set up two-factor authentication through Google Authenticator.
Mobile application Available

You have several options for contacting the support team, all in different languages. There is some risk associated with companies that have not been around as long as others. However, the longer Kucoin continues to operate without dramatic incidents or security breaches, the more confidence it inspires in traders around the world.

 Bitpanda

It is an Austrian-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 easy to access and navigate. Whatever they do, it seems to be working, as they currently have over a million users.

Although they focus primarily on cryptocurrencies, Bitpanda also offers trading in some metals, such as silver and gold. They also have several tools and features that make it even easier to buy cryptocurrencies. This includes a fully automated trading platform. You can trade both cryptocurrencies and metals, safe in the knowledge that they are backed by Switzerland.

In addition, Bitpanda has many other offshoots that open up interesting market avenues to explore. They help you save better, trade in higher volumes and even have their own Bitpanda tokens. Like other internal tokens, these can be used to gain various benefits, such as reduced fees during trades. The cost of this exchange is relatively low.

Bitpanda
Cryptocurrencies Bitcoin, Ethereum en 30+ digitale activa;
Commissions on fees The service trading commission depends on the type of currency and the nature of the transaction. When buying bitcoin is paid 1.49%, when selling - 1.29%;Commissions for recharge and withdrawal are set for each currency and charged to your account;
Portfel  Bitpanda cryptocurrency portemonnee
Method of payment Payment can be made by bank transfer, credit card or electronic payment system;
Security Bitpanda refers to systems that manage the user's own wallet keys and offers the following security measures:Cold storage of the background;Session control. Each login attempt from a new device requires confirmation of two-factor authentication;Email authentication and validation;
Mobile application Tak.

Coinmama

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

They offer a decent range of options in terms of assets and payment services. There are also high limits associated with buying bitcoin via credit or debit cards. These high limits come with similar costs. The platform itself allows the use of multiple languages, as it is designed for a large global market.

Coinmama 
Cryptocurrencies Plataforma sprzedaje Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos i EOS;
Commissions on fees When using credit or debit cards, a 5% service fee is charged, and the platform charges 3.90% for the purchase of coins and 0.9% for their sale;
Portfel Nie;
Method of payment Credit/debit cards and bank transfers; SEPA and SWIFT payments supported;
Security Coinmama is a reputable company with a secure website using Trust Guard and Comodo technology. Both sites have confirmed that 256-bit SSL encryption is actively used on pages containing personal information;
Mobile application Tak

This is another exchange well suited for beginners, due to its intuitive interface and worldwide reputation. The only drawback is that they require users to have their own cryptocurrency 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 a bit finicky and doesn't offer as much immediate help as others.

 Paxful

This exchange started its operations in 2015 and is based in the United States. The first thing you should notice about this platform is that it serves as many countries as possible, although mainly in Europe and the United States. This system is considered the "Uber" of cryptocurrency exchanges, and it has a very simple model. The security is of good quality and the cost of using their services is quite low.

The main feature of Paxful is that it is another P2P exchange. Each trader on its platform creates his own portfolio, with information about his trades. This way, you can see who you are trading with and make sure you are a credible candidate.

The most notable drawback is that the operators of this platform only sell bitcoin. There are many different payment methods and they accept a whole range of currencies with which you can buy bitcoin, but you can only sell bitcoin. There are no commissions for buying, but there is a flat 1% commission for each sale. Even with all the payment services that Paxful accepts, there will likely be higher fees for more complicated services in the form of reduced exchange rates.

Paxful 
Cryptocurrencies Bitcoin i Tether;
Commissions on fees A commission is charged when selling cryptocurrencies:0.5% for bank transfers;1% for debit cards and electronic payments;3-5% for gift cards;No commission is charged when buying cryptocurrencies;Paxful charges fees for transferring money to an external wallet.$0 - $9.99 = 0.0001 BTC $10 - $19.99 = 0.0002 BTC Over $20 = 0.0005 BTC.
Portfel The Paxful Wallet app makes it easy to store and manage coins with a 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;
Security System security is ensured by two-factor authentication, deposits and a mandatory verification procedure when large quantities are handled.
Mobile application Paxful Wallet dla Android i iOS.

 Hitbtc

HitBTC, based in Denmark, first appeared in 2013. The main feature of this exchange is the huge amount of assets available to customers. It is said that there are more than 800 pairs that you can trade with. This allows you to trade some of the most obscure and lesser-known cryptocurrencies in the world. This is great for diversifying your investments and taking advantage of the small increases between each of 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 works on is the security of their customers. Obviously, this is an important part of any online trading experience. The exchange has great liquidity and allows for significant trading volumes.

HitBTC only allows you to deposit specific cryptocurrencies and does not accept fiat options. However, it does offer an integrated system where you can purchase these cryptocurrencies for deposit with a debit or credit card. Overall, this is a highly valued exchange for a reason.

Hitbtc 
Cryptocurrencies Today there are 800 currency pairs traded on the platform;
Commissions on fees There is no commission on deposits and a fixed commission on withdrawals, depending on the currency; HitBTC uses a multi-stage system to calculate commissions on trades. The more a user trades, the lower his commission will be;
Portfel There is no cryptocurrency wallet;
Method of payment The HitBTC exchange can only be reloaded with digital currency;
Security The platform offers 2-factor authentication, high-end encryption technology and cold storage;
Mobile application Nie.

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

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