Best Cryptocurrency Exchange Apps in India

These days, the cryptocurrency appears to be on everyone’s lips. This might be linked to a sharp increase in the price of digital assets, as well as a barrage of advertisements showcasing your favorite Bollywood celebrity informing you that crypto is the way of the future. But, how do you get started investing in cryptocurrencies and make a rapid profit? Cryptocurrency exchange apps are the answer. These apps are critical in assessing the entire crypto ecosystem. You may use them to check the values of different cryptocurrencies, buy and trade altcoins, and manage your account. Before we get into the finest online cryptocurrency exchange applications in India (together with their features and fees), let’s have a look at what cryptocurrency exchange apps do.

What does a cryptocurrency exchange app do?

For those who are unfamiliar, cryptocurrency exchange applications provide instant access to a variety of cryptos on the market and allow you to trade (buy and sell) them while on the go. You don’t need a laptop to mine cryptos. These apps, on the other hand, make it easier for you to trade in cryptos and access the realm of decentralized digital currency networks. Anyone may sign up because the process has been streamlined, and the mobile app layout is designed for quick learning. You may get crypto exchange apps for Android and iOS phones from the Google Play Store and Apple App Store, respectively.

Best cryptocurrency exchange apps in India

It’s worth noting that cryptocurrency’s legality in India is still up in the air. It is yet to be designated as legal tender in the country. However, regulators have finally opened the door for businesses to start-up, resulting in the development of several cryptocurrency exchange apps in recent years that allow you to invest in cryptos such as Bitcoin, Ethereum, Dogecoin, and others using your smartphone rather than large, heavy machines like laptops. Here are a few of India’s greatest bitcoin exchanging apps:

WazirX

You may have recently heard this name mentioned a lot on social media, indicating that it is highly popular. You may invest in this crypto exchange software using INR, USD, BTC, and even P2P. WazirX even has its coin, WRX, which can be purchased using INR. Then you can invest in other cryptos using WRX. One of the most popular aspects of WazirX is the ability to earn coins by participating in various contests found in the app’s information section. Users can protect their accounts by enabling 2FA or an App passcode from their phone’s settings.

WazirX charges a 0.2% fee to both the taker and the maker. You can use NEFT, RTGS, IMPS, and UPI to deposit any amount greater than Rs 100 in the WazirX wallet. The first three have a transaction cost of Rs 5.9, whereas UPI transactions are free of charge.

Unocoin

Then there’s Unocoin, which is noted for its user-friendly interface and compatibility with a variety of cryptocurrencies. When registering for the app, users must create an account and ensure that all KYC (Know Your Customer) requirements are met. The software also has a function that allows you to plan sales from the profile tab. Unocoin users pay a cost of 0.7% when purchasing and selling their assets, which is greater than the fee imposed by WazirX. This tariff is valid for a minimum of 60 days of usage. After that, the app asks for a 0.5% fee and also upgrades you to Gold membership.

Unocoin deposits require a minimum of Rs 1,000, which is more than WazirX’s requirement. Users are not charged any fees while depositing money using NEFT, RTGS, IMPS, or UPI. However, using a MobiKwik wallet incurs a 2% transaction fee, and you must also pay a fee stipulated by the banks when using debit or credit cards. Biometric security measures such as finger ID and passcode are also available on Unocoin. However, if you enter the wrong code combined with your biometric ID, the app will automatically log you out.

CoinDCX

CoinDCX is widely regarded as the most versatile crypto asset trading programme in the country. It allows you to purchase and sell over 200 different trade coins. Furthermore, the entire setup procedure has been simplified by the use of a one-time password (OTP) sent to your registered mobile number and email address.

You may learn a lot about investing in cryptocurrencies and how they work in the virtual world by going to the app’s Settings menu. CoinDCX has a 0.1% maker and taker fee, with a minimum withdrawal limit of Rs 1,000 that is free of fees. To allow you to trade in cryptos, this cryptocurrency exchange software only supports INR. You can fund your account through NEFT, IMPS, RTGS, UPI, or even a regular bank transfer.

CoinDCX provides a comprehensive set of security features, which is a good thing. Users must first authenticate themselves using the Google authenticate app. Because without it, you won’t be able to use the app to trade. You’ll also need to create a withdrawal password, which must be confirmed for each withdrawal.