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Cryptocurrency is gaining a lot of popularity in India. Bitcoin is still one of the most popular cryptocurrencies. Nonetheless, many people are still very suspicious about the use of cryptocurrencies. Well, if you're an investor, you should consider investing in Bitcoins and altcoins.
Several exchanges in India are making it possible to trade in cryptocurrencies. However, before you start trading on a particular platform, you need to do the research. If you're a beginner, it is advisable to choose a platform that is not only easy to use and popular.
The Government of India is taking necessary steps to keep a check on cryptocurrency transactions. Cryptocurrency trading isn't the same as stocks or futures trading. The cryptocurrency market is extremely volatile. With these gaining momentum, individuals across the country are considering investing in them.
Popular Cryptocurrency Exchanges
While you can't necessarily purchase crypto, it is advisable to choose a platform accordingly. The presence of these exchanges will allow you to trade with comfort. Even if you're a beginner, you will never have issues trading on these platforms.
Here are some of the most popular exchanges to purchase your cryptos from:
WazirX is India's most trusted and successful crypto exchange. This platform plays an important role in facilitating peer-to-peer transactions. It functions on a technology that can initiate millions of transactions. Furthermore, the platform is also able to meet the rising demand of the audiences thereby developing a successful framework.
Individuals looking forward to starting trading in cryptos should have their accounts in WazirX. It is available across different platforms such as iOS, Android, and more. Whether you need Mac applications or Windows, WazirX can satisfy all your demands.
To determine the validity of the transactions, WazirX has also introduced the KYC system. This KYC system will further assist in the identity verification process. However, once you complete your KYC, you may need to wait for a few hours for the transaction to be complete.
CoinDCX was launched in India back in 2018. Almost three years later, the platform has seen massive growth. One of the main reasons for the popularity of CoinDCX is its user-friendliness.
User-friendliness is directly proportional to a better user experience. The users have the flexibility to access different financial products and services. Furthermore, they can also opt for insurance protection plans.
CoinDCX has great payment strategies which are why more people are using it. Users can conduct transactions via UPI, IMPS, debit, and credit card.
CoinSwitch
Individuals looking forward to a user-friendly and stable crypto trading platform can rely on CoinSwitch. The users can keep a check on the combined liquidity of the platform.
As a result, they get to choose which platform they want to trade-in. However, if you're choosing CoinSwitch, you must complete the KYC procedure. COINSWITCH has one of the best software exchange platforms for trading. It has a clear user interface that goes perfectly fine for beginner traders. Moreover, even if you're an experienced trader, you can always rely on this platform.
ZebPay is one of the leading exchanges in the cryptocurrency business. At the same time, it is also one of the earliest. Established in 2014, it has a customer base of 3 million.
Apart from cryptocurrencies, it also holds fiat transactions that are worth around $2 billion. Users get the flexibility to purchase altcoins and Bitcoins for minimum slippage.
It has a very strong mechanism that allows users to control blocks across the outgoing transactions. However, it has a Disable Transactions feature that allows it to conduct transactions easily.
BuyUCoin
One of the pioneers of the cryptocurrency market in India, BuyUCoin is indeed
