Best Cryptocurrency Apps in India for online trading: Are you looking for the best way to buy or sell Bitcoin? But you might confuse which app or website you should use for a safe transaction. If so, then this article will guide you all in the details.
In the meantime, investments in cryptocurrencies are increasing daily in India. It could record the highest levels ever recorded in India.
While there are many risks, and RBI is not a fan of cryptocurrency, some investors are investing in it due to the promise of high profits. In response to this, cryptocurrency exchange applications have been popping onto the app stores.
These apps allow you to invest in cryptos such as Bitcoin, Ethereum, Dogecoin, and many more with your phone. You don’t need an expensive laptop or computer to start your investing in crypto.
Exchange apps for cryptocurrency allow users to gain access to the various cryptocurrency options on the market and enable you to exchange (buy and sell) these on the move.
Top 3 Best Cryptocurrency Apps in India for Online Trading
Here are a few of the leading cryptocurrency apps available that are available in India.
1. WazirX app
WazirX is among the most well-known cryptocurrency apps in India. It is a favorite of those who use social media.
However, the app for crypto exchange allows you to invest with the INR currency, US dollars BTC, and P2P. Additionally, it comes with its currency called WRX. You can purchase it with INR.
It is also possible to use WRX to buy other currencies such as Bitcoin, Ethereum, and others. There is no doubt that WazirX is one of the best cryptocurrency apps in India.
Besides, the WazirX app allows users to earn money through numerous contests. You can find them listed in the section on the information of the application.
Additionally, it protects accounts of users using 2FA or App passcodes that are activated through the phone’s settings. Usually, WazriX charges a fee of 0.2 percent for the user as well as the manufacturer.
In addition, you can make deposits of more than INR 100 to the WazirX wallet using NEFT, RTGS, IMPS, and UPI. It is important to note that the three options come with a transaction charge of INR 5.9. However, UPI transactions go through without fees.
CoinSwitch Kuber became popular throughout the IPL thanks to its advertisements. Moreover, the platform has received funds from well-known investors and VC companies like Sequoia and others.
However, it allows trading in more than 100 cryptocurrencies and offers the most competitive prices for trading on the market.
To set up an account on crypto trading, you’ll use an account number linked to your cell phone. You cannot, however, start trading before completing the KYC procedure.
Generally, CoinSwitch Kuber offers the first 100 days no trading fees for the first 100000 people using the platform. It provides a user-friendly interface.
However, the aggressive advertising has brought customers to switch to CoinSwitch Kuber. It is one of the best cryptocurrency apps in India. Also, it offers users deposit INR through the NEFT system, bank transfer, and UPI.
We don’t have any information about its security measures that ensure the security of crypto assets.
3. Unocoin app : one of the best cryptocurrency apps in India
Unocoin is another of the top cryptocurrency exchange applications. It has a simple user interface as well as support for various cryptocurrencies.
It is required to set up an account and ensure that you have completed all KYC (Know Your Customer) information. Additionally, you can use the option to schedule sales.
Therefore, it allows you to automate selling from in the account tab. But, Unocoin will charge 0.7 percent when selling and buying the assets they hold.
Generally, the rate is valid for a minimum of 60 days. After that, Unocoin charges a fee of 0.5 percent and upgrade users to Gold membership.
However, if you choose to use Unocoin, you will need to deposit INR 1,000. It is greater than the amount WazirX allows.
Unicorn apps don’t charge extra if you deposit NEFT, RTGS, IMPS, or UPI. However, if you use MobiKwik wallet that charges transactions fees in the amount of 2 percent.
In addition, credit and debit card users will also have to pay a cost that banks prescribe. Unocoin also provides biometric security options using finger ID and passcodes.