What is the best cryptocurrency exchange in India?

Indian people are showing immense interest in cryptocurrency. They have begun using cryptocurrency exchanges and looking for the best software for low-fee crypto trading in India to invest in cryptocurrencies. In this article we’ll explore the which are the best cryptocurrency exchanges in India.

What is CryptoCurrency Exchange?

An online marketplace where users can buy, sell, and trade cryptocurrencies are prominently known as a cryptocurrency exchange. Like an online brokerage house, a cryptocurrency exchange allows customers to deposit fiat money and utilize that money to buy cryptocurrencies.

Additionally, users can exchange their bitcoin for another cryptocurrency, and some exchanges let users earn interest on bitcoin held in exchange accounts.

How Does Cryptocurrency Exchange Work?

Cryptocurrency exchange work in the very same manner as the stockbroker. It provides you with tools to buy and sell cryptocurrency like bitcoin, Ethereum, and Dogecoin. The best is the cryptocurrency exchange. It will be easiest to buy and sell the currencies you want with the lowest possible fees and robust security features.

Here, we will give you a list of the top 5 cryptocurrency exchanges in India, using which you can experience easy buying and selling digital currencies.

Coming to that little later, there is something you must know before investing in cryptocurrency through an exchange. There are two types of cryptocurrency exchange

• Centralized crypto exchange
• Decentralized crypto exchange

The centralized crypto exchange or CEX asks for the user's personal information before investing. If you have to use their tool, you need to give them access to your required personal details. If the user is in any organization, it must give its business information for verification.

A decentralized crypto exchange or DEX is similar to a centralized crypto exchange. The only difference is that it operates without the help of a third party. These exchanges are independent of any third parties; thus, the money being traded is kept on the blockchain. These exchanges that demand the use of an escrow mechanism or proxy tokens permit peer-to-peer trading (P2P). It contrasts with the centralized bitcoin exchanges' IOU approach.

Top 5 Cryptocurrency Exchange in India

In India, almost many of the exchanges are centralized crypto exchanges. These exchanges are easy to use and follow all regulations to ensure their users' cryptocurrency journeys and experiences are safe and simple.

• WazirX

WazirX is one of the oldest and, thus, most prominent and reliable cryptocurrency exchange or crypto trading apps in India. Nischal Shetty is the man behind bringing this app to the picture of the Indian Digital exchange. To date, the platform has registered around 1+ M users.

WazirX enables the use of Peer To Peer secure crypto transactions. A user can trade and invest in some of the best-performing digital assets in the world with WazirX, which also includes many exciting features like real-time open order books, charts, transaction history, deposits, and withdrawals.

Alongside this, this app is way too user-friendly and easy-to-easy user interface (UI), making it more feasibly and hurdle-free to use this platform.

• CoinCDX

CoinCDX is the most effortless app to use and is preferred by all. It provides a safe and sound gateway to enact a strong crypto portfolio. In other words, it is a simpler app for the complex process of crypto exchange such as Bitcoin, Ethereum, Ripple, Litecoin, and many other altcoins legally with nill extra fees.

In India, it is the finest website for purchasing cryptocurrencies. You may buy, sell, store, send, and receive cryptocurrencies with the help of CoinDCX very easily. The maker and taker costs on CoinDCX are 0.1 per cent, and there is a Rs 1,000 fee-free minimum withdrawal amount.

• CoinSwitchKuber

Coin switched came into the picture in 2017 as a global cryptocurrency promoter. By 2021, it came up with its Indian Cryptocurrency exchange website app, CoinSwitchKuber.

It is an indigenous platform believed by the users to be one of the reliable apps for making cryptocurrency exchanges. For someone who is a beginner in the cryptocurrency market, it allows starting with just an investment of ₹100. Now, that is cool. It helps to get huge exposure and learning with just a tiny investment.

This is why over 3 million people use CoinSwitch Kuber, which provides over 100 cryptocurrencies.

• UnoCoin

When ranking India's top 5 cryptocurrency exchange pool, UnoCoin has to be on the list. Having launched in the year 2013, UnoCoin gained the trust of around 1.2 million users in such a short period. It is unique because it allows users to buy and sell Bitcoins using Indian currency. Users here get the benefits of a bitcoin address that auto-sells Bitcoin.

• ZebPay

ZebPay has helped two-thirds of users in India buy their first Bitcoin. If you need a neat, simple, and user-friendly user interface, ZebPay is the best option. With the "Disable Outgoing Transactions" feature, Zebpay offers blazing-fast payments and enhanced security controls that can be used to stop any further transactions.

Conclusion

With the increasing demand for digital currency investment worldwide and in India, the crypto exchange pool is also increasing.

Though a ton of bitcoin or cryptocurrency exchange apps and websites are available in India, you need to be very alert about making a choice.

To help you with this, we have mentioned the five most prominent cryptocurrency exchanges. Make the right decision and get the best investment deal for you.