Cryptocurrencies have been around for a while now. Despite this, in India, cryptocurrencies are still in the nascent stage. This is mainly because cryptocurrencies in India, such as Bitcoin and Ethereum, don’t have an intrinsic value. However, cryptocurrency exchanges in India have been increasing steadily since 2013. Since then, there has been a rise of at least 30-40% in cryptocurrency exchange platforms in India. Blockchain is a technology that has made more millionaires than any other business in recent history, and it’s not too late for you to get on the bandwagon. India is one of the fastest-growing markets for cryptocurrencies, with over 300 million people with internet access. The cryptocurrency exchange in India has seen explosive growth in trading volume year after year, which means there are opportunities for you to profit.
Here are some of the best crypto trading platforms in India
-
eToro
eToro is one of the oldest and most trusted online trading platforms for stocks and commodities. It also offers a platform for buying and selling digital currencies. eToro is dedicated to providing traders with access to the financial markets simply. India’s central bank issued a directive that forbade banks from doing business with cryptocurrency exchanges. This is a significant issue for the industry, as it means there are no legal ways to trade cryptocurrencies in India. In response, eToro has established a new subsidiary in India. They will allow Indians to invest in digital currency and exchange them on the platform without going through banks. eToro offers a range of tools for traders, from beginners to experts. Its social trading platform enables users to watch and copy the trades of top traders in real-time with just a click away from their desktop or mobile device.
-
Binance
Binance is a cryptocurrency exchange platform that was established in 2017. It has been one of the fastest-growing exchanges with a 24-hour trading volume of $2 billion as of October 2018. It offers a wide range of cryptocurrencies to trade on its platform and provides an option for trading pairs with all major coins such as Bitcoin, Ethereum, Litecoin, etc. Binance is currently the largest cryptocurrency exchange by volume, and it has been growing rapidly since its inception. The company also offers a mobile app that can be downloaded on iOS or Android devices for traders who want to access their accounts from anywhere at any time.
-
Coinbase
Coinbase is a well-known cryptocurrency exchange in India. They offer cryptocurrency trading, as well as Bitcoin and ether wallet services. Coinbase was founded in the year 2012 by Fred Ehrsam and Brian Armstrong. It is headquartered in San Francisco, California. In 2017, it became the first crypto-trading platform to list Ethereum Classic. In July 2018, Coinbase announced that it would be adding support for Ethereum Classic (ETC) to its platform. This reversed a previous decision not to add ETC because it is too similar to Ethereum (ETH). Currently, it is one of the most respected cryptocurrency exchanges and features a free crypto wallet.
-
Webull
Webull is a cryptocurrency exchange platform that is entirely free to use. There are three types of accounts: Basic, Pro, and Premium. The Basic account provides real-time market data, while the Pro account offers Webull’s proprietary trading tools. The account provides access to Webull’s research reports. Webull provides traders with an easy way to invest in stocks, ETFs, and mutual funds without having to pay any commission or fees.
-
Kraken
Kraken is a cryptocurrency exchange that offers Bitcoin and other digital assets trading. It supports fiat currencies such as USD, EUR, GBP, JPY, CAD, SGD, and more. It has many advanced security features which are common in other exchanges. For example, it has never been hacked or compromised since its launch in 2011. The company holds over $5 billion worth of Bitcoin on behalf of clients, making it one of the most secure exchanges around.
Different individual has different preference upon investing on cryptocurrency. Hence, you should also choose the cryptocurrency that you think will be suitable as per your need and risk appetite.
