5 Popular Crypto Exchanges in India

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5 Popular Crypto Exchanges in India

If you are looking for a reliable and secure way to buy and sell cryptocurrencies in India, you should consider Unocoin. This Mumbai-based start-up ha

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If you are looking for a reliable and secure way to buy and sell cryptocurrencies in India, you should consider Unocoin. This Mumbai-based start-up has 3.5 million registered users and is one of the top crypto exchanges in India. It allows you to trade with various cryptocurrencies and has an easy-to-navigate user interface. It offers services like biometric verification, free deposits, and withdrawals. In addition, it provides direct rupee-to-crypto trades. In addition, you can also earn interest in your cryptocurrency holdings through its system.

 

The biggest drawback of all Indian exchanges is speed. While large deals slow down during large opportunities, smaller businesses may crash unexpectedly due to high traffic. Moreover, many users have reported that buying and selling are blocked during periods of extreme volatility. Therefore, it is important to find a reliable exchange that has a reputation for being fast and secure. Consider these tips to ensure that you’re dealing with a trustworthy and secure business.

Most leading Indian exchanges are centralized, so you don’t have to worry about security. That is helpful for long-term investors who want to control and reduce their risk. The exchanges have a help desk that offers email and lives chat support. To ensure that your account is safe, check for a social media presence and post reviews. Keeping a strong social media presence can help you find the right crypto exchanges in India.

 

While there are no official government statistics on the number of cryptocurrency traders in India, industry experts estimate over 20 million crypto investors in the country. Interestingly, most of these people are under the age of 35 and hail from smaller towns and cities. That is a sign of growing popularity in the country. In addition to the growth in crypto investors, there is a booming demand. The rise of interest in the Indian market has led to creating some of the best cryptocurrency exchanges in the world. This increased demand has also led to the opening up of a new arena for companies and governments to set up their ventures.

WazirX: This is the largest and most popular crypto exchange in India. It is a well-known crypto exchange and has over two million users. Its website is functional and has a mobile app for ease of use. However, WazirX hasn’t been very successful in terms of liquidity. It is currently shutting down its cryptocurrency lending service and is no longer accepting bitcoin. If you’re interested in investing in Indian cryptocurrencies, you should check out these crypto exchanges in India. 

 

While many people are skeptical about the legitimacy of crypto exchanges in India, they are a great way to invest in the cryptocurrency market. The top Indian deals provide a secure environment and a large trading volume. Its regulations are not yet complete, but they are improving day by day. Unlike a traditional bank, the tax on cryptocurrencies is low enough to encourage investment, and the tariffs are not that high and may discourage crypto users from making any money.

Besides WazirX, Coinbase is the largest crypto exchange in India by trading volume. Launched in 2017, it has grown into one of the top five exchanges in the country. It allows users to start trading with just a few cents and is one of the most accessible Indian crypto exchanges for newcomers. Further, its free trial period will enable newcomers to test out the markets without investing much. But there are many disadvantages as well.

There are several advantages of using crypto exchanges in India. Unlike a traditional bank, the Indian businesses have strict regulations, and unlike with a conventional bank, there is no RBI approval. Moreover, Indian cryptocurrency exchanges are generally regulated, which means they follow strict laws to avoid unauthorized operations. In addition to regulation, several Indian cryptocurrency exchanges have also gained access to national databases. In addition, WazirX has been acquired by Binance, which makes it the largest and most popular cryptocurrency exchange in the country.

 

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