A cryptocurrency exchange allows the user to buy, sell, or trade cryptocurrencies. People looking for the security of their crypto holdings and cryptocurrency exchange rates can reach out to the exchanges that offer great functionality, are user-friendly and secured. Before selecting a cryptocurrency exchange, you should scan for some basic features like transaction fees, security, the credibility of the respected exchange, and so on. With the ban lifted on trading cryptocurrencies in India, the hype is back again as to where should one go to buy cryptocurrencies in 2020. Since the ban, a lot has happened and most of the exchanges that people used have shut their services. So, here is the new 2020 edition of the list of top crypto exchanges where you can trade.
10 of the Best Bitcoin Exchanges To Use In 2020
WazirX is India’s most trusted Bitcoin exchange. They were acquired by Binance which is already one of the most popular Global Exchange. It offers you a trading experience across all platforms viz on Web, Android, iOS etc. WazirX has a simple and efficient design that caters to both first time investors and professional traders. WazirX has created a token for itself called WRX for trading on their platform at discounted fees.
This is one of the most popular exchanges in the world and also renowned in crypto world for their services. They own the Indian Exchange WazirX. They have their own coin Binance (BNB) for trading on their platform at discounted fees. They are one of the most fully featured exchange that you can find.
Bitbns is India based cryptocurrency exchange which was started by IIT graduates in December 2017. The platform also hosts a peer-to-peer transaction capabilities and also allows users to lend or borrow their assets to increase their chances of gaining additional profit. The platform deals with a vast array of cryptocurrencies and hence allows its users a number of cryptocurrencies to choose from without changing their trading platform.
Zebpay is one of the oldest and largest cryptocurrency exchanges in India developed in the
year 2015. The company had to close its operations after the RBI’s ban on cryptocurrency trading but soon resumed it when the Supreme Court ruled against it. Zebpay has developed a huge clientele over the years and has served almost 3 million users till now. The platform provides a clutter-free and easy to use interface that can be operated easily even by users who are new to the concept of crypto trading. The platform adheres to high levels of security measures such as storing coins in cold wallets. The platform has its own security protocol system named Omnitrix.
BuyUcoin is the brainchild of Atulya Bhatt, Shivam Thakral and Devesh Aggarwal which
came to existence in June 2016. The platform was one of the first crypto exchanges that introduced the peerto-peer transaction model and provides its users with multiple cryptocurrencies to choose and trade with. The platform is created to ensure ease of use for both investors and users. A notable feature of the platform is that it doesn’t charge any money for INR withdrawal from the user’s wallet.
It is India’s largest and safest cryptocurrency exchange. CoinDCX is one of the world’s most versatile crypto exchange platforms allowing you to trade in 200+ coins with the highest liquidity. It has a simple and convenient user interface that supports limitless trading on the
CoinDCX exchange platform. It has a detailed fee structure that is based upon the type of cryptocurrency that is being traded and the ‘maker’ and ‘taker’ charges of the user. The platform also released a number of products that are meant to assist its users with cryptocurrency trading by providing them with market leverage, price conversions, attractive interest rates on lending and unlimited trading with a near-limitless order book.
Colodax was created in the year 2017 by the same development team that created the platform CrypDates. The platform aims at providing its users with fast transaction and trade executions. It also utilizes a robust security system to keep the assets of the users safe by using cold storages and wallets that are spread all over the country. The fee structure of the platform is quite detailed. Colodax has also launched an app on the mobile to increase accessibility of their users.
Coinswitch is one of the best crypto exchange aggregators in the world supporting most of the countries including India since 2017. It is renowned for having a vast array of cryptocurrencies that the platform provides its users to choose from. The platform hosts more than 300 cryptocurrencies on its platform and ensures that it is easy to use. The platform also released another version of their platform named Coinswitch Kuber which is comparatively user-friendly and also has an app on the Android Play Store and the Apple store as well. It also provides the ability to conduct transactions using a number of Fiat currencies and via Credit/Debit cards too.
Giottus is another domestic cryptocurrency that was created with an aim to provide zero downtime and high processing speed to its users. The platform is internationally recognized for its ability to handle almost fifty thousand transactions per second. It guarantees stability even when millions of orders are placed at once. It is also one of the few platforms and possibly the only one in India that has implemented the stop-loss methodology, thus helping its users to automatically cut losses and drive up the profits whenever necessary. Despite creating an excellent platform, Giottus only trades in Bitcoin, Ethereum, Litecoin Ripple and Bitcoin cash.
Unocoin is one of the oldest domestic cryptocurrency trading and exchange platform, created in 2013. It caters specifically to the citizens of the Indian subcontinent. It is highly recommended for new Bitcoin users due to its user-friendly interface and easy usage facility. Unocoin is good in a way that updates are made periodically with various additional features. In order to protect the investments of its members, Unocoin stores all the cryptocurrencies in multiple addresses that are connected to offline storage on a computer that is never connected to the internet. The platform trades only in three cryptocurrencies – Bitcoin, Ethereum and Tether. This limits the possibilities of expansion and reduces the cryptocurrency options for its users to choose from. The platform also created an App so that the users are provided with more accessibility.
Crypto markets are highly volatile and risky. You should have a good knowledge about cryptocurrencies and the how-tos about trading and investment into cryptocurrencies, before putting any money. Don’t just follow the hype but instead do a thorough research before investing so that you know what you are doing with your money.