7 Best Cryptocurrency App In India [2023]

Are you struggling to find a trustworthy cryptocurrency app in India where you can buy, sell, or trade cryptocurrencies? Are you worried about how safe and secure your investments are?

If so, you’re not alone.  The number of cryptocurrency apps has increased in India along with their popularity, making it challenging for consumers to pick the best one.

But don’t worry!   The best cryptocurrency app in India that provides a secure, hassle-free experience will be introduced to you in this blog post. You can overcome the difficulties of investing in cryptocurrencies with the help of our solution, and it will also make managing your digital assets simpler.

Let’s discover the best cryptocurrency app in India now!

What Is A Cryptocurrency Trading App?

Trading cryptocurrencies involves buying and selling cryptocurrencies in order to make a profit. Cryptocurrencies have their own digital currency exchange where people can exchange coin, similarly to how conventional currencies have a foreign exchange. Cryptocurrency trading is a 24-hour market, unlike the traditional stock exchange, which closes at the end of the day.

7 Best Cryptocurrency App In India

1). Binance

Founded in 2017, Binance is a centralised cryptocurrency exchange. By trading volume, Binance is the largest crypto exchange in the world, and its platform allows users to trade over 365 different cryptocurrencies.

Users of Binance can store cryptocurrency in a free app called Trust Wallet, which is an official wallet. Users can, however, choose to use their personal wallets.

Best Features

  • For crypto-to-crypto trading pairs, over 500 cryptocurrencies and tokens are supported.
  • Through Simplex and other third-party platforms, credit cards and wire transfers are supported.
  • lower fees when using BNB platform tokens to pay for gas.
  • Peer-to-peer crypto-to-crypto trades are supported. Additionally, users can trade crypto for fiat with each other and pay using a variety of payment methods.

Pros

  • There are more than 50 cryptocurrencies available.
  • low trading fees.

Cons

  • not available in seven U.S. states.
  • fewer crypto-to-crypto currency pairs than the global Binance website.

Trading Charges

The platform fee for trading on Binance is 0.10%, and the fee for instant buy/sell is 0.50%.

2). CoinDCX

CoinDCX, a company that specialises in crypto-enabled financial services and acts as a cryptocurrency trading client, was founded in 2018 and has its headquarters in Mumbai. It intends to make cryptocurrency accessible to Indians.

Best Features

  • quick account verification
  • 95% cold storage policy
  • supports more than 100 cryptocurrencies

Pros

  • for spot and margin, significant leverage
  • simple and functional TradingView terminal
  • high level of security
  • Funds kept in cold storage

Cons

  • In the range of fiats, only Indian rupees are represented.
  • There are no demo accounts available.

Trading Charges

The trading charges for both buying and selling crypto on the CoinDCX Liquidity Services Desk are 0.1% of the total transaction amount.

3). WazirX

With an advanced trading interface and features to buy, sell, and trade cryptocurrencies, WazirX is India’s Most Trusted Bitcoin and Cryptocurrency Exchange. It is an exchange that features a live open order book system that allows you to trade digital assets like Bitcoin, Bitcoin Cash, Litecoin, Dash, and many more.

In addition to securely storing your digital assets in your WazirX wallet, you can quickly and easily deposit cryptocurrencies and cash in or out USDT via P2P.

Best Features

  • supports more than 50 cryptocurrencies.
  • Account verification takes 2-4 hours.
  • Start with as little as $100.
  • Lowest trading fees in the industry

Pros

  • Rewards for referring users
  • Auto-matching P2P platform with high liquidity
  • The presence of the Smart Token Funds (STF) marketplace helps novice traders maintain profitability.

Cons

  • Restrictions on P2P trade volume and fiat deposits
  • Users can only use fiat deposits in eight countries.
  • No futures trading is allowed on the exchange.

Trading Charges

WazirX uses a maker-taker trading fee model on our exchange, with order makers paying a fee of 0.1% and order takers paying a fee of 0.25%.

4). Coinswitch

With millions of users and more than 500 employees, CoinSwitch is currently the largest crypto app in India. A cryptocurrency exchange platform called CoinSwitch Kuber allows users in India to instantly trade at the best rate after completing the KYC/AML procedures. The CoinSwitch Kuber app provides a seamless user experience through a simplistic user interface, making it the best cryptocurrency trading platform.

Best Features

  • Zero trading costs
  • powerful mobile app
  • start with as little as $100
  • supports more than 80 cryptocurrencies

Pros

  • Its user-friendly interface makes it simple to use for both experienced investors and beginners.
  • It offers the ability to evaluate and identify the best exchange rate among the best exchanges.
  • fast and simple to use.

Cons

  • Fiat-related deposits are not accepted.
  • Hidden charges
  • Lack of regulation

Trading Charges

Depending on the exchange you use for your transaction, CoinSwitch charges a fee of 0% to 0.49%.

5). Unocoin

One of India’s oldest cryptocurrency exchanges is Unocoin. A mobile wallet, Unocoin provides users with the ability to buy, trade, store, use, and accept bitcoins. Users have the option of printing paper wallets, importing bitcoin addresses in their address books, and withdrawing bitcoins to their paper wallets.

Best Features

  • high trading costs
  • high withdrawal fees
  • India’s oldest crypto exchange

Pros

  • extremely simple to use and navigate.
  • high liquidity
  • Bitcoins held in cold storage
  • Programme for recommendations

Cons

  • Limited options and slow customer service
  • Bitcoin is the only digital asset.
  • The verification procedure is time-consuming.

Trading Charges

Unocoin charges a 0.5% fee for buying or selling bitcoin.

6). Bitbns

Bitbns is a part of the parent organization, Buyhatke Internet Pvt. Ltd., which was incorporated in 2015. With 394+ cryptocurrencies listed at present, like no other cryptocurrency exchange, Bitbns makes it simple for users to buy and sell cryptocurrencies at the best prices. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Neo (NEO), and other popular cryptocurrencies can be traded on Bitbns.

Best Features

  • supports 10 cryptocurrencies
  • designed for newcomers
  • Instant deposits
  • 95% cold storage policy

Pros

  • There is availability of all commonly used coins and tokens.
  • regularly updated investment portfolio
  • integrated automated trading service
  • training system for novice traders

Cons

  • No mobile trading
  • The range of fiats only represents Indian rupees.

Trading Charges

The Bitbns user can trade for a flat fee of 0.25% if they have BNS (Bitbns Token) worth USD 25.

7). Krypto

Krypto is an exchange and payment platform for cryptocurrency .The platform allows users to exchange, buy, sell, and pay for goods and services with cryptocurrency—to anyone, anywhere, at any time. Krypto aims to be the one-stop solution for all its customers’ crypto needs.

Best Features

  • available in the digital environment
  • Using a decentralised network to conduct business
  • a part of the peer-to-peer network
  • Keep transactions’ anonymity

Pros

  • protection from inflation
  • self-governed and managed
  • cost-effective method of transaction

Cons

  • high energy consumption.
  • high energy consumption.
  • Buying NFTs with additional tokens

Trading Charges

Depending on whether you’re a buyer or seller, most cryptocurrency exchanges charge between 0% and 1.5% per trade.

What Factors Should You Consider While Selecting A Trading App?

User-Friendly Interface

Being user-friendly means being able to immediately place orders and close trades. This could refer to stop-loss management and one-click trading features. When considering the user-friendliness of each platform, you should also take limits and other order types into account.

Excellent platforms also provide extra charts and tools that are easy to access and understand. They have simple navigation features that even new traders can easily understand, and they are optimised for quick opening.

Average Trading Costs

You should be aware at this point that nothing in this world is free. As a result, you should be willing to pay some fees for every trade you make using the trading platform. It is also worth noting that various platforms have their own unique rules and guidelines.

Trading charges on different platforms vary because of this.

Automatic Trading

Automatic trading features are not available on all platforms. Some trading platforms have algorithms that suggest the best investments to traders.

Other platforms allow users to create their own algorithms that can place orders automatically when certain preloaded requirements are met. Of course, you must confirm that these suggestions are accurate by double-checking them. Only then should you give the platform permission to invest your funds for you at the amounts you specify.

  • Security

One of the most essential factors to take into account when choosing between trading platforms is security. It is critical, especially for traders who take trading seriously and want to invest a significant amount of money into it.

As a result, you must secure your money and payments if you want to have any chance of being a successful trader. Also worth checking are the platform’s licencing and terms and conditions.

The trading platform needs permission from a financial body to operate. When trading the markets, using a faulty or unregulated platform can result in significant losses.

Reliability

You should choose a web-based (Java) application or a desktop application depending on the software and hardware characteristics of your device.

Naturally, you also want a platform that won’t crash or freeze while you’re trading, especially when there are significant changes in the world economy and traders are looking for stability. As a result, the reliability of your trading platform is a bigger concern than most traders admit.

Conclusion

In this article, seven of India’s top crypto trading apps have been shown. Each of these distinguishes itself from other crypto trading apps due to distinctive features. We’ve covered WazirX, CoinSwitch Kuber, Unocoin, Binance, Bitbns, Krypto, and CoinDCX. Hopefully, this post has given you some information about the best app to use for crypto trading.

FAQ

Which Indian Crypto Exchange Has The Lowest Fees?

CoinDCX, the crypto exchange in India with the lowest fees, charges a 0.04% takers’ fee and a 0.06% makers’ fee. In contrast to current industry standards, which are 0.10% for takers and 0.15% for makers, it charges low fees. A high withdrawal fee, however, negates this low crypto trading fee.

What’s The Safest Crypto Wallet In India?

Coinbase Wallet
It is available as an app for Android or iOS, has an easy-to-use interface, and is fully integrated with the company’s exchange, making it simple to conduct transactions, including purchasing coins and tokens with fiat currency.

What’s the Best Crypto Exchange For Day Trading In India?

WazirX
CoinDCX
CoinSwitchKuber
UnoCoin

Is cryptocurrency legal in India?

India has levied a 30% tax on crypto investors as well as a 1% TDS on all intra-crypto trades. Indian authorities have not yet legalised or regulated cryptos.

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