Cryptocurrencies are gaining the interest of many since their launch. But in 2020, it becomes so popular. Too many people interested in buying cryptocurrencies and investments are pouring in. Despite its popularity, many people are still looking for answers like How to buy cryptocurrency? From where to buy cryptocurrency? Which is the best platform cryptocurrency? In this article check out the 5 best platforms to buy cryptocurrency in India.
List Of Platform To Buy Cryptocurrency In India |
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1. WazirX
WazirX is known as India’s most trusted Cryptocurrency exchange platform. People can buy, sell and trade cryptocurrencies here.
The platform has over 900,000 active users and one of the safest and trustworthy cryptocurrency exchange app. You can trade Bitcoin, Ripple, Ethereum, Tron, Zilliqa, and other cryptocurrencies.
In India, WazirX is the most popular among investors. For purchasing cryptocurrencies, people can deposit INR via UPI or IMPS. Also, USDT, BTC, and even P2P are available options.
The interesting part is its various contests which you can see through the info page. In terms of security, this app is very secure and uses two-factor authentication.
Moreover, the funds deposited and the withdrawal process is very smooth. People can instantly do it. approx 24 hours a day, seven days a week. The lowest withdrawal fee starts at zero, in India.
Features:
- Instant transactions
- Highly secured
- Accessible across platforms
- Easy to use
- Backed by Binance
- Low Fees
2. Binance
Binance is one of the leading and largest trading platforms was founded in 2017 (in China), with an excellent user interface. For Indians, people can purchase the digital currency via rupees or other payment methods like UPI or Paytm.
This platform is also recommended for beginners to buy and sell crypto. Moreover, it offers functions that can stop-limit, market order, and limit orders. These features are suited for experienced traders.
Binance has a wide range of cryptocurrencies for trade and has recently added a purchase option by credit cards. This digital currency wallet is available around the globe, supports 50+ coins in the U.S., and charges rock-bottom fees.
According to CoinMarketCap, Binance is known as the largest cryptocurrency trading platform in the world.
Features:
- User-friendly
- Binance Academy app to learn more about cryptocurrencies
- Low transaction fees
- Three levels for trading experience people
READ MORE: How to buy Shiba Inu coin in India?
3. Coinbase
Coinbase is another easy, safe and secure platform to buy cryptocurrency in India with over 30+ million customers base. This cryptocurrency wallet is available in India and in 100+ countries around the world.
Coinbase was founded in San Francisco almost a decade ago and now turns into a public company in April valued at around $50 billion.
You can quickly and safely save, spend, save, receive, and use cryptocurrency. As far as the fee is concerned, it is quite expensive and has a widely varying fee structure. Coinbase fees is 0.5% – 4.5%, which varies by type of transaction.
Moreover, It offers two options for accounts i.e. Coinbase proper and Coinbase Pro. Coinbase proper is designed for newcomers whereas people who have already experienced in trading can use Coinbase Pro with the same credentials will suffice.
Features:
- Good user experience
- Best-in-class security
- Various cryptocurrencies are available to trade
- High fees
4. Coinmama
Coinmama is also a leading cryptocurrency platform that allows the easiest way to buy & sell cryptocurrency. This cryptocurrency wallet is trusted by over 2,800,000 people across 188 countries since 2013.
To buy Bitcoin and other cryptocurrencies easily people can use a credit card, SWIFT, or SEPA transfer. In addition to this, Coinmama was the first platform that partners with Apple Pay to buy Bitcoin.
With super quick customer experience and customer service, this platform is good for beginners to trade. The fee for Coinmama is 4.9%-5.9% (depends on volume) on each purchase.
Features:
- Available in all countries
- Many payment options
- Easy to use
- High Speed
- Average fees
- Reliable and trusted platform
- High spending limits
5. Unocoin
Unocoin is located in India (headquartered in Bengaluru), was founder by Sunny Ray, Sathvik Vishwanath, Harish BV, and Abhinand Kaseti in 2013.
This platform has 45 top investors and supports over 1.5 million customers. Easy to use the platform but for verification, it requires ID verification. Both Android and iOS users can use the wallet app.
Unocoin offers unique OTC (Over The Counter) services in order to facilitate bulk trading and SIP (Systematic Investment Plan). Apart from these it also offers an automatic feature that helps users to schedule an asset’s sale.
In terms of security, it also offers two-factor authentication, digit pin, and fingerprint authentication. Unocoin has a buy/sell fee of 0.7% for minimum usage of 60 days. Once it is completed, it charges a fee of 0.5%, upgrading to ‘Gold Membership.
Features:
- Supports deposits through credit card
- Low trading fee i.e up to 0.7% – 0.5%.
- Highly secure
- Easy access to customer support
Conclusion
All above cryptocurrency wallets are good to use. But before trading on any of these double-checks that the wallet, you’re going to use is supporting the cryptocurrency you want to store and use or not.
Further Reading:
- How To Buy Shiba Inu Coin In India?
- How to Buy and Sell Bitcoin in India
- 3 ways to earn Money from BLOCKCHAIN technology
- Blockchain technology will change your life – world without middlemen
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