India is a very likely country to become a global cryptocurrency leader. It is one of the most rapidly developing technology markets because of the huge amount of young people. Besides, the Indian online market consists of 333 million users, occupying the second place in the world.currently, India is a place where blockchain technologies and cryptocurrency services are promoted at the government level. In this article we will try to find the BEST CRYPTOCURRENCY EXCHANGE IN INDIA .
CRYPTOCURRENCY EXCHANGE IN INDIA
Rupee is a decentralized open-source blockchain cryptocurrency Founded in 2016 by Rohas Nagpal and Shinam Arora, Pune-based Primechain Technologies is key to developing blockchain-based solutions for the banking system of India. Eight countries in the broader South Asian region use the rupee as their national currency.
In 2016, the combined population of those countries was around 1.8 billion people (24% of the world population). As part of BankChain, a collaboration of 27 banks from India and the Middle East, Primechain is developing a blockchain powered technology platform for authentication, verification and storage of electronic records.
Bitcoin exchanges are under fire in India, as many of the nation’s top banks have suspended on exchange accounts. State Bank of India (SBI), Axis Bank, HDFC Bank, ICICI Bank and Yes Bank have all taken strong action toward crypto exchanges, either closing accounts or severely limiting functionality.
cryptocurrency Business Activities in India :-
Estimates that 5 million people in India either presently use cryptocurrency or have used them in the past and this number is growing. In India there are limited cryptocurrency exchanges that are reliable, regulated and that enable trading in Bitcoins and other cryptocurrencies.
In India, as the Bitcoin fever is catching up with over 2,500 users trading Bitcoin daily and the trading volume rising close to $20 Bn a year. A large number of Indian entrepreneurs from Ghaziabad to Kanpur, to Darjeeling, to Jaipur, to Delhi, to Ahmedabad, [and] to Mumbai are rushing to set up companies to cash in on bitcoin.there are at least a dozen companies that have already been registered across the country with the word “bitcoin” as part of their business names.
BEST CRYPTOCURRENCY EXCHANGE IN INDIA
Exchanges are platforms where you can buy, sell, and hold CryptoCurrency. As there are over 1200 CryptoCurrencies to date, keeping track of where to trade all of these CryptoCurrencies may get a little complex. There are few exchanges and a lot of broker platforms out there to buy bitcoins. But only few exchanges are trying their best to provide the good services to their users.
Koinex : –
Koinex is one of the most popular and trustworthy website of India . Currently it has listed 16 coins , the highest number of coins registered in any other Indian Exchange. It pays Rs 100 as a reward for the referral.
cryptocurrencies listed on Koinex
Although it was launched in August 2017, Koinex already offers some of the most popular digital currencies – Bitcoin, Etherum, Bitcoin Cash, Ripple, Litecoin, Golem, Omisego , Request network, OX protocol, Basic Attention Token , Aeternity, Tron, Stellar, Neo, Gas and few more in the near future.
A wallet service available
Although this may seem like an inherent part of an exchange’s offering some of them don’t provide a wallet service, but only act as an intermediary – they accept deposits and send the coins to a wallet which you must create.
Coindelta is the best because they have entered the market very recently, but are picking up the pace very fast. The fee structure is also very good for patient traders. Here are two features that make it better are:-
- They have zero fee for both buyers and seller (when you become a maker).
- 24*7 support, which is very helpful for all new comers.
- It uses Google 2-Factor Authentication (2FA)
cryptocurrencies listed on Coindelta
it was launched in August 2017, Coindelta offers some of the most popular digital currencies like .Bitcoin, Etherum, Bitcoin Cash, Ripple, Litecoin, Omisego , Qtum. It doesnt have as many coins as Koinex. Although teh Trading interface of this exchange is one of the best one.
Unocoin is India’s leading Bitcoin platform. Their customers can buy bitcoin with any Indian bank account via online banking or NEFT and RTGS.
It is rather conservative in terms of adding new coins or tokens. Although it has a good number of bitcoin trader. Trading fee is high. It has Android and iPhone apps that make it easy to buy bitcoins with a connected Indian bank account.
The company was founded by Mahin Gupta in late 2012 under the name Buysellbitco.in . It is India’s first bitcoin exchange. Zebpay was voted as best new bitcoin company at CoinAgenda conference in Las Vegas in 2014
Zebpay is a Bitcoin platform and broker based in India. It has Android and iPhone apps that make it easy to buy bitcoins with a connected Indian bank account.
In second half of January 2018, Zebpay released 2.0 version of their app adding multiple cryptocurrencies and exchange facility. The company added support for Litecoin (LTC) on 25 January. for Ripple (XRP) on 8 February and for Ethereum (ETH) on 23rd February.
It is adding more coins to their platform.
The trading fee at Zebpay is comparetabily very high as compared to other cryptocurrency Exchanges.
Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card. They charge an ~6% fee on each purchase.
If buying less than $150 worth of bitcoins, you won’t need to verify your identity. This convenience makes small purchases quick and easy.
LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. The most common method of payment for purchase is cash deposit. However, users may advertise trades for whichever payment method they prefer.
Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country.
These are some very popular cryptocurrency exchanges. But it is depend upon us to know who is better then to other one. There is cons and pros of every exchanges.So Before to use any cryptocurrency exchanges you have to need know about that exchanges.