The Top Cryptocurrency Exchanges in India
It is an exciting time for anyone interested in cryptocurrency trading in India because the government recently lifted the cryptocurrency ban that was instituted in 2018. In other words, it is now legal to trade cryptocurrencies in India. Now the question that many aspiring crypto traders have on their minds is which cryptocurrency exchanges they should use.
If you live in India and are looking for a good cryptocurrency exchange, you are spoilt or choice. We have compiled a list of some of the best exchanges that offer their services in India. They are likely to help you get closer to your goal which in this case is to make money through the cryptocurrency market. Here are some of those exchanges.
- Binance
This is one of the leading cryptocurrency exchanges in the world and since it operates globally, then it is also available in India. It offers the lowest cryptocurrency exchange. It offers some of the lowest trading fees at 0.1 percent. It also offers a wide range of cryptocurrencies, as well as important security measures such as KYC verification.
2. Wazirx
This is an exchange that is locally based in India which means that it would appeal to any aspiring cryptocurrency trader that lives in India. This platform is also owned by Binance. It also has an in-house cryptocurrency called WazirX which can be used to cover any fees on the platform. It offers around 120 cryptocurrencies and it charges reasonable and fair fees which range between 0.1–0.2%. It uses KYC verification and anyone who wants to use this platform can deposit funds through bank transfer.
3. Unocoin
It was one of the very first exchanges to launch its operations in India. It is also made a noteworthy move by rolling out India’s first cryptocurrency ATM although it was confiscated by the authorities after operating for just one week. It offers around 85 cryptocurrencies and charges trading fees at a relatively low rate of 0.4%. It is a must for users to have KYC verification. Users can also transfer money to their Unocoin wallet through bank transfer.
4. Zebpay
Zebpay was also one of the very first cryptocurrency exchanges to start operating in India. It has a narrow selection of cryptocurrencies available at just 10 coins but its innovative services are quite attractive perhaps due to the narrowed down focus. Fees on this exchange are also relatively low at 0.4%. Customers are required to go through KYC verification and they can also purchase cryptocurrencies through bank transfer.
· TrailingCrypto
This particular platform is more suited for the savvy cryptocurrency investor who does not want to own cryptocurrencies but one that is focused on trading cryptocurrencies the way they would trade forex. TrailingCrypto is available globally which means that even those in India can use it. It is unique in the sense that it also provides access to a variety of cryptocurrency exchanges within its trading dashboard. It also offers a variety of tools that allow the trader to identify market opportunities and to take advantage of them. It is highly secure and connects to the exchanges through API Keys. It also uses 2-factor authentication.
