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Top 10 Crypto Exchanges & Apps for 2024

The cryptocurrency market in India has witnessed tremendous growth over the years. It is not just Bitcoin that has captured the imagination of Indian crypto investors as they make a beeline for the likes of Ethereum and Dogecoin. One thing that has triggered investor interest in crypto is the rise and popularity of crypto exchanges in the country.

CoinSwitch: CoinSwitch is India’s leading crypto exchange. Founded in 2017, CoinSwitch is now India’s largest crypto app, with nearly 20 million users. The Bangalore-based firm is backed by some of the world’s leading investors, including a16z, Tiger Global, and Sequoia Capital India.

WazirX: WazirX, founded in 2018, is another crypto platform that offers cryptos like BTC, ETH, and XRP. The exchange also has its native crypto called WRX.

Coin DCX: Coin DCX is another India-based crypto exchange launched in 2018. The platform is quite popular among crypto traders in India. Besides providing crypto trading services, the platform also offers services like margin trading, futures, lending, and staking.

ZebPay: ZebPay, launched in 2014, is headquartered in Singapore and caters to over 5 million users in over 163 countries across the globe. One of the unique features of ZebPay is its crypto lending feature which allows users to lend crypto and earn a fixed interest at 4%. The platform also supports the lightning network providing faster transactions and lower fees.

BitBNS: BitBNS, launched in 2017, is one of the largest crypto exchanges in India. Bitbns’s popular features include margin trading and futures contracts. Bitbns provides a platform for both spot and derivative trading, making it a top exchange for crypto trading.

UnoCoin: Launched in 2013, Unocoin is India’s oldest crypto exchange. Popular among traders as a specialized platform for Bitcoin trading, the platform has stood firmly in the crypto market despite the introduction and popularity of several new crypto exchanges. investors.

BuyUCoin: BuyUcoin is a versatile crypto exchange platform that caters to both beginners and experienced traders with its intuitive interface and advanced trading features. It supports multiple payment methods for fiat transactions along with hosting several top cryptos. BuyUcoin offers a unique feature that rewards users with loyalty points for their trading activities on the platform like buying, selling, or holding cryptocurrencies.

Giottus: Another crypto exchange platform that has been at the forefront of compliance and regulatory activities is Giottus. Launched in 2017, Giottus stands out in the Indian crypto market for its focus on crypto-staking services. Its fast KYC process and responsive customer support are notable features.

Paxful: Paxful is a highly reputable digital marketplace and wallet with a global footprint and is a top crypto exchange in India. Paxful’s unique selling point is that it is a P2P trading platform meaning two individuals interact directly with each other, without a third party.

Mudrex: Mudrex offers over 350 cryptocurrencies for investors to choose from. Mudrex offers good security features. Mudrex has expert-curated, theme-based crypto baskets called “Coin Sets” which help mitigate risk by integrating several coins under one thematic umbrella.

How to Choose the Best Cryptocurrency Trading Apps

Choosing the best cryptocurrency trading app from a list of top apps is not an easy task. Let’s look at some of the factors to consider while choosing a trading app:

Compliance: While picking a crypto exchange, ensure that the platform is fully compliant with all regulations. You can also look at the platform’s reputation for adhering to industry standards.

Transparency: Ensure that the trading app is legitimate, and one way to check that is via transparency. A legitimate project will have footprints both online and offline, so do proper research on the important people associated with the project.

DYOR: The rule of thumb in crypto trading is DYOR, which is short for Do Your Own Research. When looking for the best cryptocurrency trading app in India, don’t trust everything you see or read on the internet. Instead, DYOR to pick the safest trading app based on your research.

How to Choose the Best Cryptocurrency Exchange in India

While choosing the best cryptocurrency exchanges in India, ensure that the one you select meets the requirements listed below.

Security: The most important thing to keep in mind while researching a trading app is the security and integrity of the exchange. It is important to determine whether the exchange you are trading on is legitimate.

Cryptocurrencies available for trading: Another factor to consider is the list of cryptos available for trading. Pick a trading app that offers a wide range of digital assets and not just the top cryptos by market cap.

Check for fees: As an investor, you pay a fee to the exchange for trading. So, look for a crypto exchange that has reasonable transaction fees and trading fees.

User-friendly interface: The common crypto traders opt for crypto exchanges for their easy and seamless user experience as opposed to P2P transactions. So, to ensure this, the crypto exchange that you are selecting should have a very user-friendly interface. This includes the support of several modes of payment, including UPI, bank transfer, and NEFT.

Trading features: While picking an exchange, it is important to look at the features provided by the platform, like trading features. This includes spot trading, margin trading, and futures trading. It is also important to look at platforms that offer advanced charting tools, trading indicators, and order types to facilitate efficient trading.

Cryptocurrency Trading App Reviews

To ensure that you pick a platform that caters to your needs, you can talk to other users to learn about the cryptocurrency trading app.

Another way is to check reviews of popular cryptocurrency trading apps, which can provide insights into their usability, features, and performance.

A third method is to engage with other users on social media forums like Reddit, X, Twitch, etc., to explore the pros and cons of various exchanges.

Cryptocurrency Applications and Platforms

The Indian crypto market has seen tremendous growth in the past few years and is catering to the needs of the hour. People interested in crypto trading can choose from a number of exchanges that cater to their specific needs.

CoinSwitch PRO is a platform within the CoinSwitch app specifically designed to address the needs of professional traders. It comes with multiple new features, including advanced charts and analytical tools by TradingView, limit orders, access to multiple exchanges, and a unified portfolio to manage all crypto investments across exchanges. CoinSwitch PRO is a rupee-powered, secure crypto trading platform. CoinSwitch PRO is also available on the app. Download the app here.

Conclusion

The bottom line is that there are several great crypto platforms in India to choose from. To avoid a bumpy experience, choose a platform based on your specific needs and ensure that it caters to your financial goals and needs.

Moneycontrol Journalists are not involved in creation of this article.



This article was originally published by a www.moneycontrol.com . Read the Original article here. .

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