Bitcoin has been capturing the minds and hearts of souls since 2009, and it has swooped into the Indian ecosystem as well, especially after the Supreme Court of India lifted the ban on crypto. Since March 4th, 2020, the Indian crypto users or enthusiasts got a huge push and became sure that cryptocurrency can be the future of money. There have been new crypto companies coming up, new applications, which can ease the crypto trading in India. Moreover, all of these have been supported worldwide by big institutions and exchanges like Binance.
Now, let's talk about the 5 best crypto trading apps in 2020:
1 CoinSwitch Kuber
CoinSwitch Kuber is a secure, user-friendly platform for users in India, where they can buy 100 cryptocurrencies like Bitcoin, Ethereum, Ripple, etc easily, at the best rate, with a variety of payment options being offered. The users can access the pooled liquidity of the leading exchanges in India to get the best rate and trade instantaneously, after completing the KYC/AML procedures. CoinSwitch Kuber app is the best cryptocurrency trading platform by providing you with a seamless user experience, through a simplistic user interface.
CoinSwitch Kuber App Features:
1) Simplistic user interface
2) Supports 100 cryptocurrencies
3) Instant Deposits and Withdrawals
4) Fastest INR to crypto exchange, crypto to crypto and crypto to INR trading
5) Provides the best rate in the market
6) Smart and superfast KYC process
7) Ideal for beginners as well as daily doers
8) Prompt customer support
2 Wazir X
WazirX is a peer-to-peer exchange platform that has many useful features like it is accessible across multiple platforms and can be used on both Android and iOS devices. It follows all the global standards and can execute orders smoothly in short times, even when the reading volumes are high. The exchange integrates features of charting tools and helps investors analyze prices, trends, and historical data. It is one of the few exchanges that offers three markets, which is ideal for beginners and traders.
ZebPay is a cryptocurrency exchange that is one of the first Indian exchanges in India and started its operation in 2014. Last year, the company shut down its operations and was relaunched this June again. Post its relaunch, ZebPay is promoting its platform as a stress-free trading experience. That means it is highly secure so that the users are not stressed about their digital assets getting hacked and stolen. Unlike other exchanges where the withdrawals take a longer duration, ZebPay is the first global cryptocurrency exchange that supports fast withdrawal. This means that Zebpay users can use their Bitcoins to make instant payments.
CoinDCX is one of the popular cryptocurrency exchanges in India and was launched in the year 2018. Until recently, it allowed only trading between cryptocurrencies, but after the lifting of ban and easing of regulations, it became one of the first platforms to allow deposits and withdrawals directly from bank accounts. CoinDCX supports INR as a FIAT currency, and hence withdrawal and deposits can be made in INR. Apart from that, it also supports up to 209 cryptocurrencies, including DASH, BTC, ETH, XRP, etc. The platform accepts various payment methods like UPI and IMPS. Using CoinDCX, the user can instantly buy or sell in the spot market at a 0.1% maker and taker fee and in the futures market at 0.02% maker fees and 0.05% taker fees. There are no charges for deposits, but for withdrawal, the network fees will be charged to the user. The platform takes care of the security by following the two-factor authentication. The user accounts have to be KYC verified.
Unocoin is a cryptocurrency exchange and also a wallet that allows users to trade across different cryptocurrencies. Founded in 2013, it was India's first entrant in the bitcoin space. Unocoin enables users to sell and buy bitcoins by matching their orders with others. It also has the facility of OTC trading that allows users to trade in bulk. UnoCoin also offers a systematic investment plan where users can set a specific amount to be automatically deducted from their bank account for purchasing Bitcoins at the current market rate.