In India, there are approximately 19 cryptocurrency exchanges. For your convenience, we’ve compiled a list of the top 5 cryptocurrency exchanges in India.
These five Indian cryptocurrency exchanges were chosen based on customer reviews, reputation, security, and the services they offer.
The 5 Best Cryptocurrency Apps in India:
Contents
- WazirX App India
- CoinBase App India
- India Coin DCX App
- India’s CoinSwitch Kuber App
- Zebpay App India
This is not a ranked list. Every platform on our list is the most innovative and promising Fintech company.
WazirX App India
- WazirX is a cryptocurrency exchange website that allows users to buy, sell, and invest in cryptocurrencies and crypto tokens.
- You can use NEFT, RTGS, IMPS, or Net Banking to transfer money from your bank account to your WazirX wallet.
- Nischal Shetty started WazirX in March 2018.
- Only P2P transactions are allowed on the exchange platform (users can trade cryptos for money).
- WazirX is a pioneer in India’s active participation in cryptocurrency investments and plays a key role in this.
- Every transaction is charged a modest fee of 0.2%.
- It also has a fee for making deposits and withdrawals from the app’s wallet.
- WazirX is backed by the Binance Smart Chain, which adds to its trustworthiness as a platform for investing.
- With 1.75 million registered users, WazirX is undeniably the best cryptocurrency exchange in India.
- WazirX, which is owned by Binance, had a daily trade volume of 1,400 crores in April 2021.
- WaziX is the greatest cryptocurrency app in India because it lists a large number of alternative currencies.
Coin DCX App India
- Coin DCX Go is an Indian cryptocurrency exchange platform with 1,50,000 users.
- Coin DCX prides itself on being a very promising, rapid, and simple (as simple as a click) cryptocurrency.
- The software bills itself as India’s fastest, safest, and most straightforward cryptocurrency exchange.
- Sumit Gupta founded Coin DCX Go in 2018.
- They have a price alert feature that notifies the user when the crypto price drops.
- Unlike its competitors, Coin DCX Go does not impose a fee for money withdrawals or deposits.
- It is, without a doubt, the safest platform, with practically all of its crypto held in cold wallets.
- They offer 24-hour customer service.
- Certainly, this is the most innovative and secure crypto exchange platform available.
- Its daily transaction volume is in the vicinity of 50 crores.
- After WazirX, CoinDCX is the greatest cryptocurrency app in India in terms of the amount of altcoins offered.
CoinBase App India
- Coinbase is an online cryptocurrency trading and investment platform established in the United States.
- Coinbase is one of the most well-known fintech startups, with operations in nearly 100 countries.
- Brian Armstrong and Fred Ehsaam created Coinbase in June 2012.
- Coinbase offers a wide range of cryptocurrencies to help you diversify your holdings.
- Their annual revenue was 10,000 crores in 2020.
- The nice part is that Coinbase comes in two flavors: basic and pro.
- Coinbase is a platform for novice and inexperienced investors. It offers a minimal price and a very straightforward user interface.
- Coinbase Pro is for seasoned traders and investors. Coinbase is less technical and professional than CB Pro. It has a hefty fee.
- It supports both P2P bitcoin transactions and cryptocurrency purchases using cash.
- It charges a manufacturer fee of 0.047% to 0.50%. Nonetheless, its crypto conversion rate is just over 2%. Its fee is significantly higher than that of the other exchanges.
- Coinbase puts almost all of its cryptocurrency in offline cold wallets, making your funds unhackable.
- Coinbase is one of the finest bitcoin investment apps in India. It is registered in the United States.
CoinSwitch Kuber App India
- Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari created it as a cryptocurrency exchange platform in India.
- On June 17, 2017, CS Kuber was established.
- It is a promising Indian Fintech company with a customer base of 4.5 million.
- Coinswitch Kuber has over 100 different cryptocurrencies listed.
- They don’t charge any fees for withdrawing or depositing money, however they do deduct a 2% fee off the purchase price.
- CS Kuber features the most user-friendly interface, making it easier for unskilled and new traders.
- Tiger Global Brand, based in the United States, recently invested 189 crores in Kuber.
- It generates 354 crores in annual revenue.
- In terms of user interface, Coinswitch Kuber is one of the top cryptocurrency apps. It has a neat and clean user interface.
ZebPay App India
- ZebPay is one of India’s oldest cryptocurrency exchanges.
- Sandeep Goenka, Mahin Gupta, and Saurabh Agarwal launched it in 2014.
- Its daily trading volume is 70 crores.
- Zebpay is a well-known name in the crypto industry, with 3.5 million users.
- Every withdrawal and deposit is subject to a fee of $7 to $10.
- The user will not be charged a membership fee if he or she trades even once a month.
- A 0.15% maker fee and a 0.25% taker fee are charged.
- Only 35 cryptocurrencies are listed on Zebpay.
- In 162 countries, Zebpay is accepted.
- After the Supreme Court of India banned cryptocurrencies for two years, ZebPay relaunched in 2020.
- When it comes to buying or selling cryptocurrencies, Zebpay is the greatest cryptocurrency software.
Must Read: What Is Cryptocurrency and How Does It Work? What Should You Be Aware Of?
Comparison of the 5 Best Cryptocurrency Apps in India:
| Exchange names | WazirX | Coin DCX | CoinBase | CoinSwitch kuber | ZebPay |
| Origin | India | India | USA | India | India |
| Founded in | 2018 | 2018 | 2012 | 2017 | 2014 |
| Founded by | Nischal Shetty | Sumit Gupta | Brian Armstrong, Fred Ehsaam | Ashish Singhal, Govind Soni, Vimal Tiwari | Sandeep Goenka, Mahin Gupta, Saurabh Agarwal |
| Userbase | 1.75 million | 1.5 million | 40 million | 4.5 million | 3.5 million |
| Crypto listed | 60+ | 60+ | 100+ | 100+ | 30+ |
| Fee Charges(On every transaction) | 0.2% | No fee | 0.50 % | No fee | ₹7 – ₹10 |
Pros And Cons of the 5 Best Cryptocurrency Apps in India:
| (Contents) | Pros | Cons |
| WazirX | Backed by Binance.The majority of cryptocurrencies are available on the exchange.Easy User Interface. | Sometimes it freezes during peak trading time.No market buy/sell button.Poor customer support. |
| Coin DCX | About 200 cryptocurrencies are listed.Easy to use.Live customer support. | INR is only fiat currency.Freezes during high trading time.Need verifications for higher fiat values. |
| CoinBase | Price alert feature.Two-factor security.Low minimum fund account. | Higher fee than the other changes.Wallet keys are controlled by the platform.Freezes during high trade time. |
| Coinswitch Kuber | Easy interface and fast.No transaction limit.A vast number of currencies are available. | Doesn’t accept fiat deposits.Lack of regulation.No fixed trading deposit fee. |
| ZebPay | Easy to use.Fewer charges.Available in web and mobile versions. | Poor customer serviceNo live chat option.Limited no. of cryptocurrencies are available. |
Last but not least, it is recommended that you trade only on platforms that adhere to AML (Anti-Money Laundering) standards.
Recommended: Explanation Of Cryptocurrency’s Future
Frequently Asked Questions :
What is cryptocurrency?
Cryptocurrency is virtual money that exists in the form of computer files. It is a cryptographic complex code whose address can not be copied. Every cryptocurrency is digital money but not every digital money is cryptocurrency.
What is cryptocurrency mining?
After authenticating a crypto transaction, each record is recorded in a block, which is subsequently added to a chain, building a blockchain. Cryptocurrency mining is the process of creating a secure blockchain.
Is my crypto prone to hack?
Cryptocurrency, on the other hand, is built on blockchain technology, which is extremely tough to hack. Although the chances are slim, they are not zero. We may witness certain flaws in blockchain technology in the future.
What possible threat it poses to governments?
Governments are terrified of very few things. Governments are afraid of losing their monopoly because crypto is a decentralized system of money. Terrorist financing, money laundering, tax evasion, and other illegal acts are among the hazards it poses.
Will cryptocurrency become the future cash of Earth?
It would take some time to achieve that feat, given the way its values fluctuate. There would be more chances if these things were governed in the future.
