Investing in Bitcoin in India is all the rage but how exactly does a beginner get started? Do you need to already have Bitcoin to invest?
Or do you transfer money from your bank account somewhere and convert it to Bitcoin? What does that look like?
Across India, the situation is a little different. About 20 million people in the country have jumped onto the crypto bandwagon in 2021. Cryptocurrencies have even become part of the Indian investor’s lexicon. Currently, Indians hold crypto assets worth $5.3 billion.
Here We’ll list the best cryptocurrency exchanges and platforms that allow you to buy Bitcoin and other tokens. At the same time, we will also guide you on where you can learn all these concepts.
Bybit India (Bybit): Founded in 2016 by Ben Zhou, Bybit India is not only the best cryptocurrency exchange in India but also one of the fastest-growing cryptocurrency exchanges in the modern world. Bybit aims to be the crypto ark of the world in the future years. Bybit India is currently the first preferred crypto exchange by Indian traders because it rewards new users up from 10 USDT to up to 4000 USDT, runs a lot of campaigns to reward existing users, offers zero trading fees, and also has a super cool P2P Trading option for Indian users at zero commission. The NFT Marketplace of Bybit also offers quality projects, and Copy Trading is currently helping all new users to learn trading strategies from experienced traders while making a profit. Bybit India is also led by one of the most popular crypto personalities of India, Abhyudoy Das, who envisions Bybit India becoming a super-friendly crypto exchange where communication becomes easy. Bybit Affiliate program is also considered the best affiliate program in the crypto industry where you can earn up to 50% revenue share or up to $20 in cash for bringing every new user to the platform where the new users also get up to a $20 bonus instantly. Overall Bybit is a safe crypto exchange that is really user-friendly and trusted by 10 million+ users.
COINSWITCH KUBER: CoinSwitch Kuber is one of the most popular in India; the platform offers one of the best rates on Bitcoin trades. It is easy to trade BTC instantaneously on CoinSwitch Kuber, and the KYC and AML verification procedures are also easy to follow. The CoinSwitch Kuber mobile app is quite helpful in bringing one of the best crypto trading platforms to Indian mobile devices. However, the exchange is not good for intraday or regular trading as it lacks the necessary tools. The platform helps people buy crypto by only using INR as crypto-to-crypto exchanges are currently not supported which is not liked by regular and professional crypto traders.
COINDCX: CoinDCX is recognized as a really good exchange for crypto assets in the country. It lets you buy or sell up to 200+ trade coins. CoinDCX charges a maker and a taker fee of 0.1 percent, with a minimum withdrawal limit set at Rs 1,000 without any fees charged on it. This cryptocurrency exchange app only supports INR to let you trade in cryptos. You can deposit money into the account using bank transfer only which is a disadvantage currently. You also can’t transfer or deposit crypto to other exchanges/ wallets in this app at this moment.
Bitbns: Bitbns is another app for cryptocurrency trading out there. Available for download on both Android mobile phones and iPhones, the app lets you buy and sell altcoins without the intervention of a third panel. The app has more than 100 cryptocurrencies listed, ranging from the popular Bitcoin and Ethereum to the relatively new Shiba Inu. Bitbns customer support service has plenty of room for improvement as it receives a lot of complaints. It supports INR only as Fiat and currently, debit/ credit card use is not supported in this crypto exchange.
Krypto: Probably not as popular as other cryptocurrency exchange apps, but Krypto is present in multiple countries. The platform offers an easy-to-use interface and flexibility. It’s a new app for cryptocurrency trading in India.
Zebpay: Another cryptocurrency exchange app that you might be familiar with is Zebpay. It’s one of the oldest crypto trading apps in the market. It lets you signup and full KYC details through your mobile number to start trading. The platform charges a monthly membership fee of 0.0001 BTC or fiat currency equivalent to that and has limited trading pairs at this moment.
WAZIRX: WazirX trading exchange created by Nischal Shetty, has been operating in the crypto market since 2017. It is considered among the popular crypto exchanges/ trading apps in India. It offers the services of Crypto Exchange in India for crypto traders and even also supports P2P exchanges on the trading platform. This exchange platform is highly compatible with all devices which include Windows, MacBooks, iPhones, and Android. WazirX fails to provide high liquidity compared to big crypto platforms and currently charges high trading fees.
Unocoin: The exchange started its operations in 2013 and aimed to make Bitcoin more accessible to the billions in the country. Unocoin crypto trading services actively accept Bitcoin transactions. The exchange needs to improve its customer support department.
