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– Exchange calendar August 10, 2022. Traders and stockholders are certainly familiar with the term stock market calendar. Yes, read more Cryptocurrency seems to be a hot topic these days. This could be due to the surge in digital asset prices and the influx of advertisements featuring Bollywood superstars. But how to connect with it and start investing in cryptocurrencies and making money fast? The answer is cryptocurrency exchange software. These programs play an important role in evaluating the entire crypto ecosystem. These include checking the prices of various cryptocurrencies, buying and selling altcoins, managing accounts, and more. can be used for Before we get into the list of best online cryptocurrency exchange apps to try in India (along with features and fees), what do cryptocurrency exchange apps do?
Also Read: Bitcoin Explained: How to Buy, Mine and Sell Bitcoin in India, Answers to Other Questions
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For the uninitiated, cryptocurrency exchanges give you quick access to the various cryptocurrencies available in the market and allow you to trade (buy and sell) them on the go. You don’t need to use a laptop to mine crypto. Instead, these programs facilitate your desire to trade cryptocurrencies and enter the world of decentralized digital currency networks. The entire process is simplified so anyone can sign up and the mobile app interface allows for quick learning. is a crypto exchange app for
It is worth noting that the legality of cryptocurrencies in India is still up in the air – it has not yet been declared legal tender in the country. But regulators have finally cleared the stage for companies to launch projects. It has created several cryptocurrency exchanges over the past few years that allow you to invest in cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin, allowing you to use your smartphone instead of your smartphone. Large machines like laptops. Here are the best cryptocurrency exchange apps in India.
You may have heard this name a lot on social media lately. This crypto exchange app allows you to invest with INR, USD, BTC and even P2P. Actually WazirX has a coin called WRX which can be bought for INR. You can then use WRX to invest in other cryptocurrencies. One of the most popular features of WazirX is the ability to earn coins through the various options available in the information section of the app. Users can protect their accounts with 2FA or an app password that can be enabled from the phone’s settings.
WazirX has a 0.2% commission fee applicable to both the recipient and the developer. You can deposit more than Rs 100 in your WazirX wallet using NEFT, RTGS, IMPS and UPI. There is a transaction fee of Rs 5.9 for the first three, but UPI transactions are free.
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Next up is Unocoin, known for its simple user interface and support for multiple cryptocurrencies. While registering for the app, users need to create an account and ensure that all KYC (Know Your Customer) details are correct. The app also includes a scheduled selling feature that allows you to sell automatically from your profile tab. Unocoin users are charged a commission of 0.7% for buying and selling assets. This is higher than the WazirX order. This fee is valid for a minimum of 60 days of use. After that, the app charges 0.5% and upgrades to Gold membership.
Unocoin deposits allow a minimum amount of 1000 rupees, which is higher than what WazirX offers. However, users will not be charged any fees for making deposits through NEFT, RTGS, IMPS or UPI. That is, using MobiKwik wallet charges 2% transaction fee and for debit or credit cards, you also have to pay the charges imposed by your bank. Unocoin also offers biometric security features with fingerprint and password. However, if you enter an incorrect code along with your biometric ID, the app will log you out.
CoinDCX is recognized as the most versatile cryptocurrency trading software in the country. You can buy and sell more than 200 trading coins. Also, the entire setup process is simplified with a one-time password (OTP) for your registered mobile number and email ID.
You can get a lot of information about investing in cryptocurrencies and how to work in the virtual world by going to the Settings tab in the app. CoinDCX charges 0.1% commission to producers and recipients, minimum withdrawal limit is set at 1000 rupees and there are no fees. This cryptocurrency app only supports INR and can trade in cryptocurrencies. You can fund your account using NEFT, IMPS, RTGS, UPI or simple money transfer.
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CoinDCX has extensive security measures, which is good. First, users must authenticate themselves using the Google Authenticator app. Because without it you cannot start trading in the app. You must also set a withdrawal password that must be confirmed each time you withdraw.
Another cryptocurrency exchange program that you may be familiar with is Zebpay. It is one of the oldest crypto trading software on the market. You can use your mobile number to register, enter all KYC details and start trading. The platform is ready to refer to activity and earn. So, if you sell your crypto business idea to others through Zebpay and they sign up, you can earn 50% of the sales made through your link for one year. The minimum deposit amount through UPI is Rs 100 and Rs 1000 for other payment methods.
Zebpay has a fee for all brackets. The monthly membership fee is 0.0001 BTC. The program says you can avoid fees by investing hard. Zebpay has 0.15% originator commission and 0.25% acceptance fee. Let’s say if the transaction (buy or sell) is done on the same day, only 0.10% transaction fee is charged. Zebpay allows you to deposit all cryptocurrencies for free. However, there is a charge of Rs 15 for making a deposit through UPI, while the net banking charges are 1.77%. The platform also charges a commission of Rs 10 for all withdrawals and 0.0006 BTC per Bitcoin.
Kuber’s CoinSwitch was a classic promotional feature during the last IPL. The platform is funded by famous investors and VC firms like Sequoia. It claims to be able to trade 100+ cryptocurrencies and promises the best trading rates on the market. Use your mobile number to create an account for in-app transactions. But you cannot start trading before completing the KYC process.
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The app gives you a 4-digit PIN code option to secure your account. According to Kuber’s CoinSwitch, the platform’s first 100,000 users will pay no transaction fees for 100 days. People flocked to Kuber’s CoinSwitch because of its simple user interface and aggressive marketing. Top cryptocurrency apps offer INR deposits via NEFT, wire transfer and UPI. However, the platform cannot share information about security measures to keep crypto assets safe. The general service system needs to be improved and the transaction information is not correct.
Bitbns is another cryptocurrency trading app. Downloadable for both Android phones and iPhones, the app lets you buy and sell altcoins without user intervention.