Cryptocurrencies in India: Where to buy and sell

If you are interested in trading cryptocurrencies, here are the top Indian exchange platforms and their features you should have a look at.

Investment opportunities in digital cryptocurrencies have been constantly rising over the past few years. These blockchain-based financial instruments have been giving back good returns ever since bitcoin was first introduced. Many countries, including India, have thus seen the growth of exchange platforms for assisting investors through the complexities of digital currency trading. Here, we look at the major exchange platforms in India that one can effectively use for bitcoin and other altcoin investments.
 

koinexKoinex is one of India's most advanced digital assets exchange and one of the first complete exchange in the country to support multiple cryptocurrencies/ tokens on a single platform. Koinex has been created with a proprietary trading engine, wallet and platform architectures, grade A security, user-centric UI/UX, and other features. Recently, Koinex introduced a P2P platform called Loop where traders can directly trade with one another using multiple payment methods. Koinex is backed by one of the largest blockchain venture capital funds in the world- Pantera. 

 

unocoinUnocoin was launched in Bangalore in the year 2013. Unocoin is a member of NASSCOM and has over 1,30,000 customers. It recently partnered with BTCJam, a global peer-to-peer bitcoin lending platform, to bring bitcoin loans service to India. Unocoin has also collaborated with over 25 Indian merchants and launched a mobile app for its customers to buy goods and services in exchange for bitcoins. In addition, Unocoin enables users to convert their blockchain assets such as Ethereum, Monero, Zcash and Dash, directly into bitcoin and then if required, into INR. Unocoin bills a transaction fee of 1 percent for each bitcoin transaction.

 

buyucoinBuyUcoin is another major exchange platform and introduced India's first altcoin exchange. BuyUcoin has a unique 0 percent trading fee model and does not charge any fee on the transitions. The exchange is based out of Uttar Pradesh and serves more than 15,000 customers.

 

bitbnsBitbns (think 'BITcoin Buy N Sell') started in December 2017. Traders can deposit money within minutes using UPI apps—Tez, PhonePe, Bhim or Paytm. Each of the transactions is charged a flat 0.25% trade fee, regardless of the volume. Bitbns supports trading of multiple cryptocurrencies and also supports advanced service of margin trading. 

 

 

coindeltaCoindelta was formed in Sep, 2017 and is located out of Pune, Maharashtra. It supports trading of multiple crypto assets. Coindelta introdcuded a peer-to-peer (P2P) trading platform called Flux in July 2018. On Flux, traders can directly trade with one another cryptocurrencies such as bitcoin, ethereum, ripple, and the stable coin USDT. 

wazirxWazirX is another popular cryptocurrency exchange in India. It was founded by Nischal Shetty, who is also the co-founder of social media management app Crowdfire, which has more than 19 million users around the world. WazirX has a native token- WRX coin that can be earned through referrals and also mining. The exchange supports P2P trading and users can make payment with IMPS, UPI and Paytm, apart from bank transfer. WaziX has fast KYC processes that take just hours instead of days.