Crypto Trading Platform With Lowest Fees In India – Cryptocurrencies seem to be on everyone’s lips. This can be attributed to the sudden rise in the price of digital assets and the wave of advertisements with a Bollywood star telling you that crypto is the future. But how to get into it and start investing in cryptocurrencies to make quick profits? The answer is cryptocurrency exchange programs. These programs play a key role in evaluating the entire crypto ecosystem. They can be used to check the prices of various cryptocurrencies out there, buy and sell altcoins and manage your account. Before we get into the list of the best online cryptocurrency exchange apps to try in India (along with their features and fees), here’s what cryptocurrency exchange apps do.
Also Read: Wikipedia Explained: How to Buy Bitcoins in India, How to Transfer, Sell and More Questions Answered
Crypto Trading Platform With Lowest Fees In India
For those not in the know, cryptocurrency exchange apps help you quickly access the various cryptos available in the market and allow you to trade (buy and sell) them on the go. You don’t need to mine cryptos using laptops. Instead, these apps will fuel your desire to trade cryptos and enter the world of decentralized digital currency networks. The entire registration process is simplified for everyone and the mobile app interface ensures a quick learning curve. You have mobile crypto exchange apps available on Google Play Store and Apple App Store that work on Android and iOS phones respectively.
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It is worth noting that the legality of crypto currencies in India is still up in the air. It has not yet been declared legal tender in the country. However, regulators have finally opened up the field for companies to start their operations, and this has led to the emergence of several cryptocurrency exchange programs in the last few years that allow you to invest in cryptos such as Bitcoin, Ethereum, Dogecoin, etc. not your smartphone. . on large heavy machines such as laptops. Here are some of the best cryptocurrency exchange apps in India:
You may have heard this name recently on social media, which indicates that it is very popular among people. This crypto exchange app allows you to invest using INR, USD, BTC and even P2P. In fact, WazirX has its own coin called WRX which can be bought with INR. Then you can use WRX to invest in other cryptos. One of the popular features of WazirX is that you can win coins through various contests available in the information section of the app. Users can protect their account using 2FA or an app password, which can be enabled from the phone’s settings.
WazirX has a recharge fee of 0.2% which is applicable to the receiver and the manufacturer. You can deposit more than Rs 100 in WazirX wallet through NEFT, RTGS, IMPS and UPI. The first three come with a transaction fee of Rs 5.9 while UPI transactions are free of charge.
Next, you have Unocoin, known for its simple user interface and support for many cryptocurrencies. While registering for the app, the user needs to create an account and complete all KYC (Know Your Customer) details. The app also includes a sales tab feature that allows you to automatically sell from your profile tab. Unocoin users are charged 0.7 percent for buying and selling their assets, which is higher than what WazirX commands. This rate applies to a minimum of 60 days of use. After that, the app pays 0.5 percent and upgrades you to Gold membership.
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Unocoin deposits allow a minimum of Rs 1,000, which is higher than what WazirX offers. But when you deposit using NEFT, RTGS, IMPS or UPI, users are not charged any fees. However, using the MobiKwik wallet charges a transaction fee of 2 percent and for debit or credit cards, you also have to pay a fee set by the banks. Unocoin also offers biometric security features through fingerprint and password identification. But let’s say you enter the wrong code along with your biometric ID, the app will log you out.
CoinDCX is recognized as the most universal crypto asset trading program in the country. It allows you to buy or sell up to 200+ trading coins. Additionally, the entire installation process is simplified using a one-time password (OTP) on your registered mobile number and email ID.
If you go to the Settings tab of the program, you can learn a lot about investing in cryptocurrencies and how they work in the virtual world. CoinDCX charges 0.1 percent to the producer and receiver, with a minimum withdrawal of 1,000 rupees and no fees. This cryptocurrency exchange app only supports INR to allow you to trade crypto. You can deposit money into the account using NEFT, IMPS, RTGS, UPI or even simple bank transfer.
CoinDCX has an extensive set of security measures in place, and that’s a good thing. First, users must be authenticated using the Google Authenticator app. Because without this, you cannot start trading with the program. You must also set a withdrawal password that must be confirmed for each withdrawal you make.
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Another cryptocurrency exchange app that you should be familiar with is Zebpay. It is one of the oldest crypto trading programs on the market. It allows you to register your KYC details through your mobile number and start trading. The platform takes care of referrals and income. So if you can sell your crypto business idea through Zebpay to others and they sign up, you will get 50 percent of the trading fee through your referrals for a year. The minimum deposit amount using UPI is Rs 100 and for other forms of payment is Rs 1000.
Zebpay has billing fees in all brackets. The membership fee is 0.0001 BTC per month. This program says you can avoid fees by actively investing in it. Zebpay also has a 0.15 percent producer fee and a 0.25 percent downloader fee. But let’s say that if your trade (buying and selling) takes place on the same day, you will be charged a trading fee of only 0.10%. Zebpay offers free deposits in all cryptos. But if you deposit using UPI, there is a fee of Rs 15, while 1.77 per cent is charged on netbanking. The platform also charges Rs 10 for all withdrawals and for Bitcoin it is 0.0006 BTC.
Kuber’s CoinSwitch was an all-time promotional feature during the recent IPL. This platform receives funding from famous investors and VC firms like Sequoia and others. It claims to allow you to trade up to 100+ cryptos and promises the best trading rates on the market. Use your mobile number to create a business account in the app. But you cannot start trading before completing the KYC process, of course.
You will receive a four-digit PIN code option to protect your app account. CoinSwitch Kuber says the first 100,000 users of the platform will not have to pay trading fees for 100 days. Simple user interface and aggressive marketing brought people to CoinSwitch Kuber. The best crypto exchange app offers INR deposits via NEFT, bank transfer and UPI. But the platform does not share information about its security measures to keep crypto-assets safe. The overall service mechanism needs to be improved and the trade details are not detailed.
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Bitbns is another cryptocurrency trading app out there. Available for download on both Android and iPhone, this app allows you to buy and sell altcoins without the intervention of a third-party panel. The app has more than 100 cryptocurrencies listed, from the most popular Bitcoin and Ethereum to the relatively new Shiba Inu. In addition, Bitbns offers the same ease of trading as other cryptocurrency exchanges because of its partnership with the global cryptocurrency exchange OKEx.
By choosing Bitbns through the OKEx buy/sell tool, traders in India can buy USDT, LINK, AAVE, MATIC and USDC with rupees via bank transfer, IMPS and UPI. The company also aims to provide Indian traders with access to a fiat gateway, a range of new trading pairs, priority access to new coin/token launches and high-yield products through partnerships.
It may not be as popular as other cryptocurrency exchanges, but Krypto is trusted in over 160 countries. The platform offers an easy-to-use and flexible interface. Additionally, Krypto has zero trading fees, a quick onboarding process, free and instant deposits and withdrawals, 24/7 customer support, and gift cards. The app is registered with the Blockchain and Crypto Assets Board of India.
Krypto also allows users to send or pay with cryptocurrency at any Indian store. It supports more than 100 cryptos and popular payment methods like UPI and bank transfer.
Apis For Real Time Cryptocurrency Data
Allows you to trade multiple currencies, more than 100 cryptocurrencies for purchase, only 0.2% commission is charged for each transaction.
One of the oldest crypto exchange programs in India, Sell Table
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Originally posted 2023-06-13 22:48:50.