Top 5 best cryptocurrency exchanges in india 2022. Following the Supreme Court ruling in favor of cryptocurrency, India saw a boom in investments from traders and buyers who wanted to try their luck in the cryptocurrency market.
This boom not only brought many international cryptocurrency exchanges to India but also led to the development of many domestic cryptocurrency exchange platforms and trading markets to cater to the Indian population.
Also read – best cryptocurrency exchanges in india
To assist investors and buyers in choosing the best platform for all their cryptocurrency trades, here is a curated list of the best cryptocurrency exchanges in India.
Top 5 best cryptocurrency exchanges in india 2022
Zebpay is one of the major domestic players in the field of online cryptocurrency exchanges. The platform was developed in the year 2015. The company had to shut down its operations following RBI’s ban on cryptocurrency trading, but soon resumed it when the Supreme Court ruled against it. Zebpay has developed a huge clientele over the years and has served around 3 million users till date.
Zebpay introduced a detailed fee structure which is divided into 3 different parts. A maker fee of 0.15 percent is charged when the order placed does not match immediately, a taker fee of 0.25% is charged if the order is executed immediately, and an intraday fee of 0.10 percent which is levied on every transaction. Done after midnight. The platform also charges a commission of 1.75 per cent on transactions done with net banking.
The platform also offers a clutter-free and easy-to-use interface that can be easily operated even by Greenhorn users who are new to the concept of crypto trading. The platform follows a high level of security measures such as storing coins in cold wallets that are separated from the air and located in different cities and countries. The platform also implemented a firewall and has its own security protocol system named Omnitrix.
Coinswitch is famous for having a vast array of cryptocurrencies that the platform offers its users to choose from. The platform hosts over 100 cryptocurrencies on its platform and ensures that it is relatively easy to use so that new investors can go through the processes with relative ease.
The platform charges a transaction fee of 0.49 percent and rates vary with the exchange medium chosen for the transaction. The platform released another version of its platform called Coinswitch Kuber, which is comparatively user-friendly as well as an app on Android play store and Apple store.
The platform offers the ability to transact using multiple fiat currencies and also through credit/debit cards.
3. CoinDCX (CoinDCX)
The platform also released a number of products that are meant to aid its users with cryptocurrency trading by providing unlimited trading with market leverage, price conversion, attractive interest rates on lending, and a nearly unlimited order book.
CoinDCX has a detailed fee structure based on the type of cryptocurrency being traded and the user’s ‘maker’ and ‘taker’ fee. The platform also charges a fee when trades are made cross-platform.
Wazirx is considered an underdog champion in the field of domestic cryptocurrency exchange platforms. The platform was created in 2017 and soon gained huge popularity among investors and users. The platform conducts regular security audits to ensure the safety of its user’s investments and to keep the platform safe and secure.
The platform also offers a peer-to-peer transaction capability to its users and maintains a system that is capable of handling millions of transactions and can scale up the infrastructure to meet the growing demands. The fee structure is minimal and usually ranges from 0.1 percent to 0.2 percent.
WazirX is also available on 5 different platforms, thus ensuring that users on each domain are able to access their exchange.
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5. BuyUCoin ,BuyUcoin,
BuyUCoin is the brainchild of Atulya Bhatt, Shivam Thakral and Devesh Agarwal and came into existence in June 2016. The platform quickly became an industry leader in the domestic cryptocurrency exchange markets and quickly garnered a huge community of investors and crypto enthusiasts.
The platform was one of the first crypto exchanges to introduce a peer to peer transaction model and offers its users a range of cryptocurrencies to choose from and trade. The platform is specially built to ensure ease of use for experienced investors as well as interested users who are new to the concept of crypto trading.
BuyUCoin charges a 0% fee for its OTC desk while transaction fees vary according to the cryptocurrency that is being traded. Another notable feature of the platform is that it does not charge any money for INR withdrawal from the user’s wallet.
Since its inception, the platform has garnered $50 million USD and supports over 30 cryptocurrencies on their way to joining the platform.