Looking to invest in cryptocurrency and hunting for the best Crypto apps to use in India? You are at the perfect place. In this article, first I will guide you through with the how and why of crypto trading apps. At last, I will list 5 best crypto trading apps and platforms to use for Indian users.
Since 2009, Bitcoin has been achieving great heights of success and growing tremendously popular among people. Ever since the Supreme Court did away with the ban on cryptocurrency, it has carved a niche for itself in India as well. But lately, it has seen a sharp dip and that makes investing wisely even more important.
There are more and more cryptoexchange companies and crypto trading apps coming up in India. They have new applications and can ease the crypto trading scenario in the country.
All of them are being supported worldwide by prominent exchanges and institutions like Binance as well. In this article, I have listed the top five among the best crypto trading apps in India in 2023. Listed below are some of the important features of these apps:
- Excellent choices for newcomers and regular users alike
- Easy-to-use user interfaces
- Efficient customer supports
- Extremely fast and smart KYC process
- Fastest crypto-to-crypto, crypto-to-INR, and INR-to-crypto trading
- Immediate withdrawals and deposits
- The best rates in the market
- Support for over a hundred cryptocurrencies
Let’s start with the list:
WazirX is the popular name in the list of the best crypto trading apps and probably the best crypto trading platform in India. It comes with a number of helpful features.
For example, it is compatible with several platforms and can be conveniently used on both iOS and Android devices. It closely follows all prominent global standards and can efficiently carry out orders in short times, even if the reading volumes are relatively high.
The exchange combines features of charting tools and is a valuable aid for investors in analyzing historical data, trends, and prices. It is a great option for traders and newcomers because, unlike most other exchanges, it covers all sorts of user markets.
With the help of WazirX, you can use UPI to make a deposit apart from IMPS/RTGS/NEFT/bank transfer. It also allows you to buy or sell cryptocurrencies through P2P exchange without having to pay any fees. You can readily withdraw INR directly to your authorized bank account. If you’re dealing with a crypto asset, you can transfer it to your wallet. Compared to its rivals in the market, WazirX’s fee is a bit on the higher side. But you can earn back half of the trading fee as a commission through its referral program.
CoinSwitch Kuber is a secure and user-friendly platform that is a great option for Indian users. You can buy more than a hundred cryptocurrencies at the best rate over here, such as Bitcoin, Ripple, Ethereum, and much more. There is a wide range of payment options available as well. You can access the pooled liquidity of the leading Indian exchanges to obtain the best rate and trade at once after being done with the KYC/AML procedures. The CoinSwitch Kuber app has a minimalistic user interface and is undoubtedly one of the best cryptocurrency trading platforms out there.
Founded in 2013, Unocoin is a cryptocurrency exchange and is notable for being India’s very first entrant in the Bitcoin space. It is also a wallet that enables users to trade across various cryptocurrencies. Basically, it allows users to buy and sell bitcoins by matching their orders with others. You can also trade in bulk with the help of its OTC trading feature.
Unocoin also comes with a systematic investment plan, with the help of which users can set a particular amount to be deducted from their bank account for buying cryptocurrencies at the present market rate.
Launched in 2018, CoinDCX is one of the most popular and best crypto exchanges in India. Initially, it only allows trading between cryptocurrencies. However, following the removal of the ban and relaxation of regulations, it has now become one of the first platforms to allow both withdrawals and deposits directly from bank accounts.
Since CoinDCX supports the Indian rupee (INR) as a FIAT currency, you can make deposits and withdrawals in INR. It also supports nearly 209 cryptocurrencies, such as BTC, ETH, DASH, XRP, and much more. It accepts a number of payment methods, such as IMPS and UPI. You can use CoinDCX to immediately buy or sell in the spot market at a 0.1% maker and taker fee, and in the future market at 0.02% maker and 0.05% taker fees.
Although there aren’t any charges for deposits, you will have to pay the network fees for withdrawals. CoinDCX aptly handles security with the help of two-factor authentication. Each and every user account needs to be KYC verified as well.
ZebPay was launched in 2014 and is one of the very first cryptocurrency exchanges in India. In 2019, the company closed down its operations and was relaunched afresh in June 2020. Ever since then, ZebPay has been promoting its platform for providing a uniquely “stress-free” trading experience to its users. Basically, this means that it features highly efficient security features, and these users needn’t be stressed about any shady individual hacking and stealing their digital assets.
Withdrawals usually take a lot of time in other exchanges. However, ZebPay is the very first global cryptocurrency exchange that actively supports fast withdrawal. Thus, as a ZebPay user, you will be able to use your bitcoins as bank balance and thus to make immediate payments.
For a long time, crypto-experts and financial analysts all across the globe were highly skeptical about cryptocurrencies and their real value. However, with the COVID-19 pandemic rampant across the world, cryptocurrencies have been making a significant impact in recent times. Over the past year or so, famous celebrities like Elon Musk and Snoop Dogg have been endorsing various cryptocurrencies as well.
People in India have started investing seriously in crypto. There are presently over 2.1 crore cryptocurrency holders in India. Although buying cryptocurrencies can be a rather tricky procedure, crypto exchanges make it much easier for the general public to trade and buy cryptocurrencies. Be sure to look around the market trends before you start investing in risky things like Cryptocurrencies. You can always use an online crypto trading and analytics tool, like qumasai.io, to understand the risks and benefits related to these investments.
I hope this list of my choices for the 5 best crypto trading apps in India will help you choose a good platform that will ably serve all your needs.