It is a platform where you can trade, buy and sell cryptocurrency, with lots of trading options in INR and USDT. Below sharing Top Indian Crypto Exchanges 2021 with you in details:
WazirX
WazirX was founded in 2017 by Nischal Shetty (CEO), Sidharth Menon(COO), and Sameer Mhatre. It is a rapidly-growing cryptocurrency exchange that has more than 1 million users. The startup, based in Mumbai, helps people build digital assets by investing, buying, and selling crypto assets such as Bitcoins, Litecoins, Ethereum, Ripple, and Litecoin. It was also the first platform to offer an auto-matching Peer-to-Peer (Peer to peer) engine that allows traders to convert Indian Rupees into crypto and vice versa. WazirX, today part of Binance Group, is the largest cryptocurrency exchange in the world and has users in 180 countries. Deposits of more than Rs 100 can be made to the WazirX wallet using NEFT or RTGS. UPI transactions are free of fees, but the first three require a Rs 5.9 transaction fee.
You can invest with INR, US dollars, Bitcoin, TTC, and even P2P using this crypto exchange app. WazirX even has its currency, WRX, that can be purchased using INR. You can then use WRX for investing in other cryptos. WazirX’s most popular feature is the ability to earn coins by participating in various contests. These contests are listed in the info section. WazirX charges a 0.2 percent maker fee and 0.2% taker fee.
Unocoin
Unocoin, India’s first Bitcoin startup, was founded by Sunny Ray, Harish BV, and Abhinand Kaseti in July 2013. Customers can buy, sell and transact in Bitcoin or Ethereum through the Bengaluru-based startup. In October 2020, the platform raised an undisclosed amount in its ongoing Series A round. It boasts more than 135,000 users, with at least three million KYC-verified customers.
Unocoin claims that its annual turnover is in the hundreds of millions. Unocoin is next, which is well-known for its easy user interface and support of many cryptocurrencies. The app requires users to create an account and to complete all KYC (Know Your Customers) requirements. You can also auto-sell using the schedule sale feature in the app. Unocoin users pay a 0.7 percent fee to buy and sell their assets. This is more than WazirX charges. This fee is only applicable to a minimum of 60 days of usage. The app charges a fee for every 60 days and then upgrades you to a Gold membership.
Deposits with Unocoin are limited to Rs 1,000, which is more than WazirX. Users are not charged fees for depositing money via NEFT or RTGS, IMPS, or UPI. However, transaction fees of 2 percent are charged for MobiKwik wallet. Debit and credit card users will also have to pay the bank a fee. Unocoin offers biometric security features through finger ID and passcode. The app will log you out if you enter the wrong code with your biometric ID.
CoinDCX
CoinDCX was founded in 2018 by Sumit Gupta (CEO) and Neeraj Khandelwal. It aims to be the worldwide gateway to cryptocurrency. CoinDCX is India’s only crypto startup to have raised three rounds in less than one year. It has raised $19 Million in total. In 2020-21, the company tripled its workforce from 30 to 100. It now plans to double its workforce by 2021. CoinDCX is the best-known trading app for crypto assets.
You can trade-in as many as 200+ coins. The setup process is made easier by a one-time password on your registered email ID and mobile number. The Settings tab of the app provides information about cryptocurrency investing and its operation in the virtual world. CoinDCX charges a maker and a taker fee of 0.1%. With a minimum withdrawal limit of Rs 1,000, there are no fees.
To trade in cryptocurrency, this app supports only INR. Deposit money to the account via NEFT, UPI, RTGS, and IMPS. You can also make a bank transfer. CoinDCX is well-equipped with security features. Users firstly identify their ID with the Google authentication app. This is necessary to trade on the app. A withdrawal password must be set up and verified for each withdrawal.
Zebpay
ZebPay, an Indian cryptocurrency exchange, was founded in 2014. It has over 4 million users and processes more than $1 billion per month in transaction volumes. Zebpay was relaunched in January 2020 after a series of product iterations, management changes, and regulatory hurdles. This happened before the Supreme Court ruled on RBI’s two-year ban on cryptocurrency.
ZebPay was founded by Sandeep Goenka and Saurabh Agrawal. It has processed transactions worth $3 billion for more than 3.5 million users, nearly 95 percent of which are from India. It has offices in Mumbai and Ahmedabad, India, and has increased its workforce from 50 to 110 employees. The platform claims it is profitable since April 2020. Zebpay is another cryptocurrency exchange app you may be familiar with. Zebpay is one of the most popular crypto trading apps on the market.
To trade, you can sign up and complete KYC details via your mobile number. Refer-and-earn is a feature of the platform. If you can convince others to use Zebpay for crypto trading, you will get 50% of all trading fees earned through your links over a year. For UPI, the minimum deposit is Rs 100 and for all other types of payments, it is Rs 1000. Zebpay charges fees for all income brackets. The monthly membership fee is 0.0001 BTC. According to the app, you can avoid paying fees by investing actively in it. Zebpay charges a 0.15 percent maker fee and 0.25 percent taker fees.
CoinSwitch Kuber
The startup was founded in 2017 by Ashish Singal, Govind Sohni, and Vimal Sagar to act as a global aggregator for cryptocurrency exchanges. It offers more than 300 coins and 45,000 currency combinations. It launched CoinSwitch Kuber, an India-exclusive INR crypto on-ramp platform. According to the startup, it has seen a 350 percent increase in its user base from January.
It now has more than 4.5 million Indian users and has recorded $5 billion in transactions volume in March 2021, just 10 months after its launch. It plans to add 10 million users in the next year. It promises to allow you to trade in over 100+ cryptos, and the best trading rates on the market. To create an account on the app, use your mobile number. You cannot trade until you have completed the KYC process. To secure your account, you will receive a 4-digit pin code option.
CoinSwitch Kuber claims that the first 100,000 users will not have to pay the trading fees for the next 100 days. CoinSwitch Kuber’s simple interface and aggressive marketing attracted people to the platform. The best cryptocurrency exchange app allows deposits in INR via bank transfer, NEFT, and UPI. The platform does not provide information on its security measures to protect crypto assets. Overall service needs to be improved and details about trading are not provided.
BuyUcoin
BuyUcoin was founded in 2016 by Shivam Thakral and Atulya Bhatti. It allows users to trade, buy, store, and trade multiple digital assets such as Bitcoin, Ethereum, Ripple, and Ripple. The bootstrapped startup, which was launched in 2016, is one of the most popular Indian cryptocurrency exchanges. It has over a million users and holds more than 130 cryptocurrency pairs, including BTC-INR and ETH-INR. BuyUCoin’s revenue model includes two channels: percentage-wise commissions on transactions, and margins for quick and easy trades.
