Many cryptocurrency traders suffer losses if they don't know which cryptocurrency exchange app is suitable for them in the long run. Researching before investing in cryptocurrency is important but equally important is knowing the perfect cryptocurrency exchange platform for crypto investment.
In this blog, we bring you the 8 leading crypto exchange apps which are also the most user-friendly crypto exchange apps suitable for anyone who wants to trade in cryptocurrency.
WazirX
WazirX has emerged as the leading crypto exchange app in India. It is the most used cryptocurrency exchange app in India with massive downloads on Google playstore. WazirX offers a lot of features with high security and affordable transaction fee. With WazirX you can invest in a wide range of cryptocurrencies using INR, USDT, BTC, and even P2P.
Once you have registered yourself and completed the KYC, you can start crypto trading by depositing a minimum of INR 100.
On the security front, there are various modes including 2 Factor Verification.
The app has the facility to deposit money using NEFT, RTGS, and IMPS with a transaction fee of INR 5.9, likewise there is an INR 4 charge on UPI transactions.
WazirX also has its coin known as WRX, and you can use INR to buy WRX and then use WRX to invest in many other crypto assets, one of the reasons why WazirX is a leading crypto exchange platform in India
Coinswitch kuber
CoinSwitch Kuber is another crypto exchange app in India. With simple signup and account creation process, you can start crypto trading almost instantly...after KYC completion ofcourse.
Like WazirX, Coinswitch Kuber also allows trading in a lot of cryptocurrencies, more than 100 types to be specific.
Deposit and withdrawal are quite simple, you can do the transactions via online banking or UPI payments.
The user interface is simple and easy to understand which brings this crypto exchange app one of the best to trade in Bitcoins.
Unocoin
Unocoin is also one of the crypto exchange app to trade in Bitcoin and other cryptocurrencies. What makes this cryptocurrency exchange different from others is its "Auto Sell" feature wherein a user can schedule the selling time of the crypto asset.
The user interface is quite to the point and users have access to varieties of cryptocurrencies.
Trading is also easy, as users have to open an account, complete their KYC, deposit money, and trade. You can transact through NEFT, RTGS, IMPS, and UPI without any transaction charges.
Plus, you can also use MobiKwik wallet but it will incur a transaction fee of 2%. Similarly, you can use debit or credit cards, charges applicable. You can give this crypto exchange app a try to trade in cryptocurrencies.
CoinDCX
CoinDCX is another leading crypto exchange app in India. It provides the highest liquidity in India and lets users trade in a whopping 200+ cryptocurrency options.
CoinDCX has a very user-friendly interface. It is one of the most helpful crypto exchange apps for beginners as they teach the basics of investing on the settings tab.
The registration is again, quick and you have to complete KYC before dealing in cryptocurrencies.
CoinDCX is safe. The security modes are flexible for the user's convenience. It has a Google Authenticator app and a usual Two-factor authentication security layer for the security of the user's account.
CoinDCX charges you a 0.1% maker and taker fee. The minimum withdrawal limit is INR 1000, and there is no fee on it.
Bitbns
Bitbns is also an Indian crypto investment platform that is simple, attractive, and secure. The unique feature Bitbns offers is a Fixed Income Plan, which assures you returns on investments in cryptocurrencies.
Apart from this, Bitbns is a regular crypto exchange app that offers margin trading, pool sales, crypto drops too.
Registration is guided with users having to complete KYC's for transactions
As far as security is concerned Bitbns has two-factor authentication and a Google authenticator for the personal security of the wallet.
Withdrawal charges range from INR 4 for INR 999, INR 6 for INR 24,999, to INR 9 for INR 2,00,000. However, Bitbns charges a 1.77% fee on depositing Mobikwik.
Coinbase
If you are looking for an international crypto exchange app then Coinbase is your best bet. Globally, Coinbase is one of the best platforms for Bitcoin trading online.
It is often considered as the crypto trading platform for the common people as it is the most used trading app by beginners trying to get their hands on digital currency. The reason why it is most preferred is its user interface, which is quite simple and easy to understand.
Users can trade in a lot of digital currencies such as Litecoin, Bitcoin, Ethereum, and others.
The charges rates as 0.50% per trade, 3.99% for credit card purchases, and 1.49% for Coinbase wallet or bank account purchases
Binance
Based in Malta with branches in different parts of the world, Binance is one of the top choices of cryptocurrency traders worldwide.
Binance is a tightly secured cryptocurrency exchange platform as it is based on Secure Asset Fund for Users (SAFU) system, which, the company assures, secures users from theft of funds.
This is one of the main reasons why beginners and experts alike consider Binance as the perfect option for cryptocurrency exchange. Binance offers around 200 coins in total, ranging from the usual ones such as Litecoin, Bitcoin, Ethereum, and others. They also offer their native coin known as Binance Coin
Binance extends its service range to margin trading, futures trading, and a lot more with a fee capped at 0.1 percent on most transactions.
So if you are located in any distant part of the world and want to deal in cryptocurrencies, Binance is a capable cryptocurrency exchange platform for you to try.
Kraken
Kraken is known for its customer service. While it is difficult to find a reliable team to reach out to during problems in this de-centralized money market, Kraken is a crypto exchange platform that strongly focuses on customer service.
The bank withdrawals are fast, available in most parts of the world, and most importantly at a low fee. Rest all the things, such as - Registration, Security, KYC submission, being somewhat similar to most of the crypto exchange apps, the feature that sets Kraken apart from others is discreet trading through its dark pool feature.
The fees range between 0 and 0.36 percent and it depends upon your type of trading and your trading volume for the last 30 days, which means the more you trade, the less fee you pay.