Table of Contents
Top Crypto Trading platform in India
1.WazirX 2.CoinDCX 3. CoinSwitch 4.Zebpay, 5.Giottus 6.UNOCOIN 7. Bitbns, 8. Buyucoin, 9. Flitpay, 10. Colodax 11. Koinbazar 12. BITCOIVA
1.wazirx
WazirX, a cryptocurrency exchange that was founded in 2018, claims to be India’s fastest growing exchange with over 60 lakh members and an average app rating of 4.6. WazirX continues to offer one of the best and broadest selections of coins and tradeable pairs, including USDT/INR, ETH/INR, and BTC/INR, despite the emergence of numerous new cryptocurrency exchanges and all the issues.
This platform is favoured by both beginner and seasonal traders due to its user-friendly layout and sophisticated trading charts. When it comes to safety and security features, WazirX tops the list with industry-recognized safeguards.
However, there are few concerns over the limited options of depositing the funds into a WazirX account which is either done via a bank account or peer-to-peer (P2P) transactions. The exchange’s site also lacks services like crypto lending, staking, and margin trading, all of which are abundantly available on the platforms of their rivals.
WazirX has also introduced the idea of a smart token fund (STF), which enables novice investors or traders to obtain trading methods from knowledgeable trading groups in exchange for a 25% fee on their gains.
Key Features
- Depending on the number of signups, the verification procedure could take up to 72 hours.You can begin with just ₹100.
- Trade all altcoins directly.
- Immediate deposits and withdrawals.
- User-friendly for both beginners and advanced traders.
- 24/7 customer support available via live chat.
- A variety of educational resources are accessible via WazirX blogs.
- WazirX provides its users with a variety of spot trading tools, powerful graphs, and advanced trading charts.
| website | www.wazirx.com |
| Headquarters | HD-024, WeWorkEnamSambhav, C – 20, G Block Rd, G Block BKC, BandraKurla Complex, Bandra East, Mumbai City, Maharashtra, India 400051. |
| Founded | 2017 |
| Founders | Nischal Shetty, Sameer Mhatre, Siddharth Menon |
| Click here | |
| Payment Methods | IMPS NEFT/RTGS Credit Card/Debit Card/Netbanking/UPI |
| Supported fiat | INR |
| Fees | Know more |
| Parent Company | Zanmai Lab |
| Mobile app available | Yes |
| Is decentralized | No |
| Staking | Yes |
| lending | No |
| crypto loan | No |
| Regulated | No |
| Nft platform | Yes |
| Otc trading desk | Yes |
| API | Yes |
| Security | Regular security audits to ensure a highly secured trading platform for India. wazirx stores 95% of funds offline |
| Support | Click here |
| Margin trading | no |
| Kyc | Mandatory |
| FAQ | Know more |
| Minimum Investment Required | INR 100 |
2. CoinDCX
Founded on April 7th of this year, CoinDCX is a cryptocurrency exchange based in India. Users can benefit from single-point access to a wide variety of crypto-based services that are supported by security procedures and insurance on CoinDCX, which was built with user experience and security in mind.
In terms of listings, CoinDCX claims to be the largest cryptocurrency exchange in India. The KYC and bank account verification procedures, according to CoinDCX, may be completed in as little as 5 minutes, making it one of the fastest onboarding procedures in the sector.
CoinDCX Lending:
Crypto lending is an alternative investment type, as its name suggests. Lending in cryptocurrency terms entails investors lending borrowers cryptocurrency at a fixed interest rate. The lending services offered by CoinDCX are safe and convenient. You can lend for a maximum of 7 days with just one click. The highest yearly interest rate is 16.25% as well.
CoinDCX Staking:
Staking is a practise where a user locks digital assets in exchange for compensation. It’s comparable to mining. The CoinDCX platform provides users with stake services for passive income. You only need to register, possess a minimal amount of the supported cryptocurrencies, and be qualified to receive rewards in order to begin staking.
The fees for trading and withdrawing cryptocurrencies are quite minimal. CoinDCX is backed by Polychain Capital, Coinbase Ventures, Bain Capital Ventures, and HDR Group, the operator of BitMEX.
Key Features
- Access to industry-leading crypto trading products using a single secure crypto wallet.
- Experience a seamless cryptocurrency to Indian rupee exchange with the highest liquidity and lowest trading costs.
- Complete safety of funds is insured by BitGo, with impenetrable security on user accounts.
- Near-instant deposit and withdrawal.
- Provides options for marginal and future trading along with instant buy and sell features.
- Provides options for marginal and future trading along with instant buy and sell features.
- CoinDCX’s automatic KYC verification procedure takes between 24 and 48 hours to complete.
- The futures trading is around 20 times the leverage. It has 24 hours customer support
| website | WWW.coindcx.com |
| Headquarters | Cowrks, 3rd-Floor, Prudential Building, Hiranandani Gardens, Powai, Mumbai |
| Founded | 2018 |
| Founders | Sumit Gupta, Neeraj Khandelwal |
| Click here | |
| Payment Methods | IMPS NEFT/RTGS Credit Card/Debit Card/Netbanking/UPI |
| Supported fiat | INR |
| Fees | Know more |
| Company | Primestack Pte. Ltd. |
| Mobile app available | Yes |
| Is decentralized | No |
| Staking | Yes |
| lending | Yes |
| Crypto loan | No |
| Regulated | No |
| Nft platform | No |
| Otc trading desk | Yes |
| API | Yes |
| security | 95% of all funds on CoinDCX are stored in multi-sig cold wallets. |
| Support | team@coindcx.com |
| Margin trading | Yes |
| Kyc | Mandatory |
| FAQ | Know more |
| Minimum Investment Required | INR 1000 |
3. CoinSwitch
Indian-based CoinSwitch Kuber is a well-known cryptocurrency exchange. Over 7.5 million merchants are now housed there, having begun in 2017. The platform provides more than 100 cryptocurrencies, including well-known ones like Bitcoin, Litecoin, Ethereum, Dogecoin, and others. The exchange is connected to many cryptocurrency exchange and wallet services.
Its straightforward registration and KYC procedures make it easy for newbies to get going. Users can access the top cryptocurrency exchanges and trading rates once they have finished the KYC/AML verification process. Furthermore, many traders even consider it to be the finest trading platform due to its no deposit and withdrawal fees policy.
CoinSwitchKuber has grown significantly and is currently valued at $ 500 million after Tiger Global invested $ 25 million in Serie B, according to official company tweets. With over 4.5 million users and over 120 employees.
Kuber by CoinSwitch maintains the zero brokerage rule. Customers can thus acquire and sell their preferred cryptocurrencies without paying any additional fees. For immediate assistance with customer questions, visit the live chat feature on the CoinSwitch Kuber website. Additionally, its straightforward help ticket system quickly addresses client issues.
Key Features:
- Supports INR as a fiat currency, and thus withdrawal and deposits are made in INR only.
- Accepts deposit payment methods such as NEFT, RTGS, IMPS.
- To increase returns on cryptocurrency investments, it provides products like SIP in cryptocurrency.
- Beginner-friendly and easy to use interface.
- Facility of instant buy, sell and withdrawal.
- Usually, the KYC process can be completed within 5 to 10 minutes.
| website | www.coinswitch.co |
| Headquarters | 91 Springboard Outer Ring Road, Bangalore |
| Founded | 2017 |
| Founders | Ashish Singhal, GovindSoni, VimalSagar Tiwari, Sharan Nair |
| Click here | |
| Payment Methods | IMPS NEFT/RTGS Credit Card/Debit Card/Netbanking/UPI |
| Supported fiat | INR |
| Deposit Fees | Free |
| Withdrawal Fees | Free |
| Transaction Fees | 0% to 0.5% |
| Mobile app available | Yes |
| Is decentralized | No |
| Staking | No |
| Lending | No |
| Crypto loan | No |
| Regulated | No |
| Nft platform | No |
| Otc trading desk | No |
| API | No |
| Security | We are unaware of coinswitch security features. |
| Support | live chat option |
| Margin trading | No |
| Kyc | Mandatory |
| Minimum Investment Required | INR 100 |
4. ZebPay
ZebPay is well-known in Singapore, Australia, and India. ZebPay was founded in India in 2014 and has since rapidly expanded internationally, serving both investors with an interest in cryptocurrencies and traders. ZebPay, the platform of choice for millions of traders, provides its services on a variety of platforms, including mobile apps for those who are constantly on the go and an intuitive web interface for customers who prefer desktops.
ZebPay also offers an OTC desk, a customised service for users trading in big quantities of crypto assets. ZebPay OTC is a white-glove service offered at every level of the trading process, including trade reports and market insights in addition to the initial expert consultation and execution
.Zebpay has a membership fee: 0.0001 BTC but you can avoid If you trade even once per month, you won’t be charged the membership fee.
Key Features:
- The user can earn a fixed return of up to 4% by lending cryptocurrencies including Bitcoin, Ethereum, Polygon, Binance Coin, and Tether.
- ZebPay has robust security mechanisms in place, and nearly 98% of its cryptocurrency is stored in cold wallets.
- Provides trading across six EUR-crypto pairs and five crypto-crypto pairs across Bitcoin, Ether, Litecoin, Ripple, Bitcoin Cash.
- Allows customers to make fast payments via lightning network.
- Available in India, Australia and Singapore.
- Usually, the KYC process can be completed within a day.
| website | www.zebpay.com |
| Headquarters | CONNEKT, 13th Floor, Gala Empire, Opposite Doordarshan T.V. Tower, Drive-In Road, Thaltej, Ahmedabad, (Gujarat, India) 380054 |
| Founded | 2014 |
| Founders | Sandeep Goenka, Mahin Gupta, Saurabh Agrawal |
| Click here | |
| Payment Methods | IMPS NEFT/RTGS Credit Card/Debit Card/Netbanking/UPI |
| Supported fiat | INR |
| Fees | Know more |
| Company | awlencan innovations india limited |
| Mobile app available | Yes |
| Is decentralized | No |
| Staking | No |
| Lending | Yes |
| Regulated | No |
| Nft platform | No |
| Otc trading desk | Yes |
| API | Yes |
| Crypto loan | No |
| Security | 98% of cryptos stored with BitGo, the global leader in digital asset custody, providing $100 million of insurance to protect. |
| Support | Click here |
| Margin trading | No |
| kyc | Mandatory |
| FAQ | Know more |
| Minimum Investment Required | INR 100 |
5. Giottus
Giottus, one of India’s most rapidly expanding crypto exchanges, enables users to invest in, trade in, and profit from a variety of crypto products. For those wishing to invest in cryptocurrencies for a longer period of time, it provides services including systematic investment plans (SIPs), fixed deposits, and the ability to create a crypto basket of themed coins.
The user also has the choice to participate in the refer-and-earn programmes, which offer the opportunity to earn up to 10,000 tokens. Giottus is getting ready to launch its non-fungible token (NFT), staking, and lending services, giving investors more ways to increase their passive income from cryptocurrency.
The use of a custom order processing engine that can handle millions of concurrent transactions provides 100% insurance against cyber thefts for money kept in cold wallets.
In 10 minutes or less, 95% of KYCs are handled. There is English, Hindi, Tamil, and Telugu customer care accessible. Giottus is preferred by beginners since it offers products and services for all categories of users.
Key Features:
- Interactive interface with cutting-edge features like high liquidity, real-time order books, charting.
- SIP investments, with frequency settings ranging from one hour to one month.
- Provides opportunity to investors to put money in expert-curated crypto theme baskets.
- Investors can buy and sell crypto in multilingual languages such as Hindi, Tamil, Telugu and Bengali.
- Giottus staking is supported by the best staking community in the business, Flexible Term. For staking, there is no set duration.
| website | www.giottus.com |
| Headquarters | 2nd Floor, Indicube, 1, OMR Service Rd, above decathlon, Santhosh Nagar, Perungudi, Chennai, Tamil Nadu 600096 |
| Founded | 2017 |
| Founders | VikramSubbura,jArjun Vijay |
| Click here | |
| Payment Methods | IMPS NEFT/RTGS Credit Card/Debit Card/Netbanking/UPI |
| Supported fiat | INR |
| Fees | Know more |
| Company | Giottus Technologies Private Limited |
| Mobile app available | Yes |
| Is decentralized | No |
| Staking | Yes |
| lending | Yes |
| crypto loan | No |
| Regulated | No |
| Nft platform | No |
| Otc trading desk | No |
| API | Yes |
| lending | Yes |
| Security | 100% Insurance against cyber thefts for funds stored in Cold Wallets |
| Support | info@giottus.com |
| Margin trading | No |
| kyc | Mandatory |
| FAQ | Know more |
| Minimum Investment Required | INR 100 |
6. Unocoin
In 2013, Bangalore-based cryptocurrency exchange Unocoin became the country’s first participant in the bitcoin market. Based on the number of users in the nation, the company runs the largest BTC-INR trading platform in India, allowing users to buy, sell, trade, store, use, and accept bitcoin.
At its height, Unocoin handled transactions totaling more than 2 billion Indian rupees each month for its 1,300,000+ users. The company has attracted more than 30 notable investors from five different nations since its founding less than four years ago. The Bitcoin Systematic Buying Plan (SBP), the Bitcoin Point of Sale (POS) App, the Bitcoin Over-The-Counter Trading, and other market-dominating technologies were created by Unocoin (OTC).
- For as little as INR 10, systematic purchasing plans (SBP) are available for Bitcoin and Ethereum.
- Enjoy the most competitive fees in the industry.
- Unoversity Help build the future of technology. Start your new career at Unocoin.
- Crypto Basket feature allow users to diversify their crypto portfolio based on market capitalization or volume.
- You can deposit a minimum of INR 1,000 using the IMPS, NEFT, and RTGS payment methods.
- The total number of registered users is more than 2.13 Million.
- “Gold Member” accounts, which allow customers to benefit from increased purchasing and selling limits and decreased transaction costs.
| website | www.unocoin.com |
| Headquarters | 1041/12, 1st floor, 1st main, DrRajkumar Rd, above SBM, 4th Block, Rajajinagar, Bengaluru, Karnataka 560010 |
| Founded- | 2013 |
| Founders- | SathvikVishwanath, Harish B V, AbhinandKaseti,Sunny Ray |
| Click here | |
| Payment Methods | IMPS NEFT/RTGS Credit Card/Debit Card/Netbanking/UPI |
| Supported fiat | INR |
| Fees | Know more |
| Company | Unocoin Technologies Private Limited |
| Mobile app available | YES |
| Is decentralized | No |
| Staking | No |
| Lending | YES |
| Crypto loan | No |
| Regulated | No |
| Nft platform | No |
| Otc trading desk | No |
| API | YES |
| Security | Unocoin are stored offline. The set of multiple addresses for offline storage are generated on a computer that has never been (and never will be) connected to the internet. |
| support | 7788 978910 (9:30 am – 6:30 pm, Mon – Sat) support@unocoin.com |
| Margin trading | No |
| Kyc | Mandatory |
| FAQ | Know more |
| Minimum Investment Required | INR 100 |
7. Bitbns
Bitbns is registered in India and founded in December 2017. It claims to be one of India’s largest spot cryptocurrency trading platforms and is the first to include bracket orders. Bitbns, the brainchild of three founding partners, is said to have attracted over half a million users in its first year.
Margin Trading, Stop Limit, and Trailing Stop Limit are available features available on the exchange. Bitbns is also proud of being the first cryptocurrency exchange in India to list 50 or more cryptocurrencies within a year of its establishment. Bitbns also offers a peer-to-peer FIAT deposit and withdrawal system.
Key Features:
- The user can order a Bitbns hardware wallet or choose for a regular e-wallet to store money.
- Provides trading options like margin trading which can be leveraged by experienced traders and automated trading options.
- It provides an option to earn passive income by staking BNS, which is Bitbns’ native coin.
- The exchange does not charge a deposit fee, but all withdrawals are subject to a fee.
- The ability to receive immediate price notifications for certain types of orders, such as bracket orders, limit orders, and stop-limit orders.
- Offers products such as SIP in bitcoin, FIP which is fixed deposit to boost returns on crypto investments.
- Supports the US dollar, the Indian rupee, and the dirham (AED) of the Arab Emirate.
| website | www.bitbns.com |
| Headquarters | 70, JyotiNivas College Rd, Koramangala Industrial Layout, Koramangala, Bengaluru, Karnataka 560034 |
| Founded | 2017 |
| Founders | Gaurav Dahake Prashant Singh |
| Click here | |
| Payment Methods | IMPS NEFT/RTGS Credit Card/Debit Card/Netbanking/UPI |
| Supported fiat | INR |
| Fees | Know more |
| Company | Bitbns, Inc. |
| Mobile app available | Yes |
| Is decentralized | NO |
| Staking | Yes |
| Lending | Yes |
| crypto loan | Yes |
| Regulated | No |
| Nft platform | No |
| Otc trading desk | No |
| API | Yes |
| Security | It is extremely safe to trade cryptocurrencies on Bitbns. Bitbns is built with the latest technology architecture and grade-A security feature, which make sure that all your data, cryptocurrencies, INR volumes, and wallets are secure. Rest assured, they are not accessible to unauthorized entities. |
| Support | Click here |
| Margin trading | Yes |
| kyc | Mandatory |
| FAQ | Know more |
| Minimum Investment Required | INR 100 |
8. BuyUcoin
BuyUcoin is a popular cryptocurrency investing platform in India. They are based in the Delhi-NCR region of India. BuyUcoin is an Indian cryptocurrency exchange that has been in operation since 2016. On-ramps, a Delhi-based crypto exchange, now has over 350,000 members and handles over $90 million in digital asset transactions. Over 350,000 customers attest to the ease with which BuyUcoin makes digital asset trading possible. They want to “place cryptocurrency in the hands of a million Indians.” BuyUcoin leverages best-in-industry Blockchain-based solutions for crypto transactions, as well as automatic KYC/AML features, to provide a secure and convenient crypto trading experience.
Key Features:
- Allows users to buy and sell cryptocurrencies using INR and provides limit orders with charts.
- Provides services such as spot trading, futures and OTC wholesale trading.
- No charge for any deposit fee or know your customer (KYC) fee.
- Offers a variety of perks and offers such as crypto cashback offers.
- Launched systematic crypto investment plans (SCIP) to maximize the returns.
- Provides more than 130 crypto pairs like BTC-INR, ETH-INR, DOGE-INR, YFI-INR and much more.
- It has a user-friendly mobile app available on iOS and android.
- Offers latest news and updates on crypto, NFT and blockchain space in its ‘learn’ section.
| website | www.buyucoin.com |
| Headquarters | A43, Sector 63 Rd, A Block, Sector 63, Noida, Uttar Pradesh 201301 |
| Founded | 2016 |
| Founders | ShivamThakral,DeveshAggrawal,AtulyaBhat |
| Click here | |
| Payment Methods | IMPS NEFT/RTGS Credit Card/Debit Card/Netbanking/UPI |
| Supported fiat | INR |
| Fees | Know more |
| Company | iblock technologies private limited |
| Mobile app available | Yes |
| Is decentralized | No |
| Staking | No |
| Lending | No |
| Crypto loan | No |
| Regulated | No |
| Nft platform | Yes |
| Otc trading desk | Yes |
| API | yes |
| Security | 95% of funds kept safe offline |
| HTTPS and HSTS secure connectio | |
| Support | Click here |
| Margin trading | No |
| kyc | Mandatory |
| FAQ | Know more |
| Minimum Investment Required | INR 100 |
9.Flitpay
Flitpay, a cryptocurrency exchange With the goal of introducing bitcoin to the common people of India, we began our journey in the world of cryptocurrencies in 2017. In addition to making this product effective, our goal is to inform people about the value of cryptocurrencies in India.
Flitpay offers a native token that traders can earn during each signup and referral..
Flitpay gives its users the feasibility to connect for support through raise a ticket, email assistance, and chat or calls support on WhatsApp and Telegram. Despite other advantages, you also get a set of features such as instant price alerts and records transactions on your account detail.
Key Features:
- in pairs of crypto-crypto and crypto-fiat, several dozens of the most popular cryptocurrencies are available.
- There are no commission costs for deposits, withdrawals, or trader-to-trader transactions on the platform.
- most deposit and withdrawal options are available, including bank cards and electronic wallets
- the platform works stably in 24/7 mode with high-speed executions.
- To help newcomers become familiar with the fundamentals of cryptocurrency trading, the exchange provides a demo account.
| website | www.flitpay.com |
| Headquarters | 70/75 patelmarg, Madhyam Marg, Mansarovar, Jaipur, Rajasthan 302020 |
| Founded | 2017 |
| Founders | Akash Bansal,Ashish sangai |
| Click here | |
| Payment Methods | IMPS NEFT/RTGS Credit Card/Debit Card/Netbanking/UPI |
| Supported fiat | INR |
| Fees | Know more |
| Mobile app available | Yes |
| Is decentralized | No |
| Staking | Yes |
| Lending | No |
| crypto loan | No |
| Regulated | No |
| Nft platform | No |
| Otc trading desk | No |
| API | Yes |
| Security | system is integrated with latest security techniques. Be assured for your safety. |
| Support | Click here |
| Margin trading | No |
| kyc | Mandatory |
| FAQ | Know more |
| Minimum Investment Required | INR 100 |
10. Colodax
Colodax is the foremost INDIA-based blockchain platform, founded in 2017 by the CrypDates team. It enables lightning-fast trade execution, reliable digital wallets, and market-leading security measures. Our goal is to foster innovation, nurture cutting-edge technology, and usher in disruptive change in order to help the blockchain sector grow.
Key Features:
- Instant INR Deposit/Withdrawals,Transfer INR directly from your bank account to Colodax bank account.
- Cold storage (aka cold wallets) means generating and storing the crypto coin’s private keys in an offline environment, away from the internet.
- 24/7 live customer support.Over 95% of requests are processed within 24 hours.Fast KYC processing.
| website | www.colodax.com |
| Headquarters | 220/224, 3rd Floor, Kalabadevi Road, Marine lines, Mumbai – 400002 |
| Founded | 2017 |
| Founders | Nitesh Agarwal |
| Click here | |
| Company | Ganyt Ecommerce Solutions Pvt Ltd |
| Payment Methods | IMPS NEFT/RTGS Credit Card/Debit Card/Netbanking/UPI |
| Supported fiat | INR |
| Fees | Know more |
| Mobile app available | Yes |
| Is decentralized | No |
| Staking | No |
| lending | No |
| Regulated | No |
| Nft platform | |
| Otc trading desk | No |
| API | No |
| Crypto loan | No |
| Security | multi-stage wallet strategy to ensure that the majority of funds are kept in cold storage for additional safety. Also, Colodax enables two-factor authentication for all users and provides a host of additional security features to provide multiple layers of protection |
| Support | Click here |
| Margin trading | No |
| kyc | Mandatory |
| FAQ | Know more |
| Minimum Investment Required | INR 100 |
12. Koinbazar
A centralised cryptocurrency exchange is Koinbazar. A cryptocurrency exchange called Koinbazar was created to make buying and selling cryptocurrencies simpler and more accessible. The goal of its core development team, which is made up of blockchain business owners with more than ten years of experience in the sector. They offer client support around-the-clock. Transactions are processed more quickly because to the low-latency auto-matching engine.
Ultra-secure Where there is security, there is trust. Koinbazar prioritizes the security of traders’ funds and transactions by deploying multi-layer encryption models with credible technologies.
Professional Koinbazar’s core team involves blockchain entrepreneurs with more than ten years of crypto industry experience. Hence, the entire system is a safe and efficient global trading platform.Convenient The simple interface and quick cryptocurrency conversion facilities help traders enjoy a silky-smooth experience. Fiat currency support makes Koinbazar the most sought after exchange among novice traders.
Key Features:
- low entrance barrier for a trader with any quantity of free capital, as cryptocurrencies don’t require a minimum deposit.
- For both makers and takers, there are no fees for 10 pairs with XRP, GRT, MATIC, SFP, SUPER, and WBTC.
- placing orders using simplified trading applications powered by the TradingView service.
- The trading platforms provide over 60 technical indicators and 11 timeframes.
| website | www.koinbazar.com |
| Founded | 2020 |
| Founders | SaravananPandian, Thangapandi D |
| Click here | |
| Payment Methods | IMPS NEFT/RTGS Credit Card/Debit Card/Netbanking/UPI |
| Supported fiat | INR |
| Fees | Know more |
| Mobile app available | Yes |
| Is decentralized | No |
| Staking | No |
| Lending | No |
| crypto loan | No |
| Regulated | No |
| Nft platform | No |
| Otc trading desk | Yes |
| API | Yes |
| Security | Anti phishing code, Ssl encryption, Two factor authentication, Security audit, Bug bounty, Penetration testing, multilayer encryption models |
| Support | Click here |
| Margin trading | No |
| kyc | Mandatory |
| FAQ | Know more |
| Minimum Investment Required | INR 100 |
12.Bitcovia
In June 2020, the project will be launched. Bitcoiva is a next-generation crypto-trading platform that allows for a variety of transactions, including Fiat to Crypto, Crypto to Crypto, and direct buy options. Bitcoiva allows for instant, quick, and simple transactions. Bitcoiva has its own coin token, BCA (bitcoiva), with a volume of 21 million, which is the same as Bitcoin’s volume. Order mapping is faster, and trade order books are more liquid. For easier use, they keep things basic and firm. They gather KYC verification forms and other information needed to maintain your account safe, secure, up to current, and working as expected.
Key Features:
- On the exchange, you can trade all of the most popularly used cryptocurrencies and coins.
- There are no substantial limits or restrictions on trading strategies.
- no deposit fees trading commissions are on market average.
- Your cryptocurrency assets are held safely with a user friendly interface, wallet, and its infrastructure is well protected, and it is fully configured to fight against malicious cyberattacks.
- simple and convenient trading terminal interface in browser.
- in addition to spot trading, there is instant exchange and purchase;
- a wide selection of deposit and withdrawal methods.
- Peer to Peer Bitcoiva works in Peer to Peer mode, where the buyers can directly pay to sellers’ accounts without intermediaries and quickly buy/sell your cryptocurrencies.
| Website | www.bitcoiva.com |
| Headquarters | Kandaswarna Shopping Mall, 1/194/5,SECOND FLOOR, Sarada College Rd, Salem, Tamil Nadu 636016 |
| Founded | 2020 |
| Founders | Sibhi Chakkarawarthy Mohan |
| Click here | |
| Payment Methods | IMPS, NEFT, RTGS, UPI |
| Supported fiat | INR |
| Fees | Know more |
| Company | Bitcoiva LLC |
| Mobile app available | Yes |
| Is decentralized | No |
| Staking | No |
| Lending | Yes |
| crypto loan | No |
| Regulated | No |
| Nft platform | No |
| Otc trading desk | No |
| API | Yes |
| Security | Cold wallet |
| Other features | Instant Swap, Peer to Peer, Future Trading |
| Support | support@bitcoiva.com |
| Margin trading | No |
| kyc | Mandatory |
| FAQ | Know more |
| Minimum Investment Required | INR 100 |
What is a Cryptocurrency Exchange and How Does It Work?
A cryptocurrency exchange is an online trading platform that serves as a middleman between cryptocurrency buyers and sellers. These online trading platforms let users trade cryptocurrencies for fiat and digital money. These marketplaces enable users to deposit funds using procedures like direct bank transfers, online banking, or peer-to-peer (P2P), among others, and they levies a commission or fee for each transaction carried out using their services. Read How To Buy Cryptocurrency to learn more about buying cryptocurrencies in depth. Any of these exchanges have a reasonably straightforward method for creating new accounts. A user must complete the following steps to open a trading account after choosing a suitable exchange.
Steps to Buy Cryptocurrency in India
Open an account with an exchange- Install the chosen exchange’s app, then register for an account.
Complete the KYC verification process
Fill in the required information, including your name, email address, and phone number. The user receives a mail asking KYC information on the same id after the email has been verified. Verify your email address’s address, then finish the KYC procedure. Create a password that is strong. Never share your app, wallet, or exchange passwords to anyone because it can be challenging to get them back.
Make a fiat deposit
You must connect a bank account or credit card to the exchange in order to start purchasing bitcoin and other cryptocurrencies. The time it takes for the funds to reach the exchange might range from a few minutes to days, depending on the payment method.
Buy cryptocurrency
When your account is funded, you are ready to purchase your first bitcoin and other cryptocurrencies. It’s important to note that you do not need to buy a full crypto currencies. You can typically purchase bitcoin or any other cryptocurrency on an exchange for as low as a Rs100.
Types of Cryptocurrency Exchange Fees in India
The fees and charges levied by various cryptocurrency exchanges in India vary. Let’s look more closely at what these fees entail.
Joining Fee
The majority of Indian bitcoin exchanges did not charge a joining fee.
Deposit Fee
When a user transfers funds or coins into a cryptocurrency exchange to start a purchase or sell transaction, they are charged this fee. The amount of the deposit fee entirely depends on the method of the user’s money transfer.
Trading Charges
The most crucial component of a cryptocurrency exchange’s fee structure is its trading charges. Trading commissions may be assessed as a fixed percentage of the total value of cryptocurrency that a trader purchases or sells, or an exchange may assess fees based on the orders made, with makers and takers being assessed at different rates. Therefore, it is essential to comprehend Maker and Taker expenses before moving forward.
A maker is a party who sells bitcoin to generate liquidity on the market.
The party that purchases bitcoins to remove it from the market’s liquidity is the taker.
A fixed amount of fees are paid for the transaction by both the maker and the taker. Makers do, however, often pay less.
The trading fees differ between exchanges, typically falling between 0% and 0.25%. It should be noted, though, that although some exchanges advertise that they have no costs for users, one must look closely to see if they actually charge in the form of spread, which is the price difference between buying and selling a cryptocurrency. Additionally, this rate is typically larger than the trading fee.
Withdrawal Fee
On some exchanges, the user is charged when they withdraw funds into fiat. When a user places a sell order on the exchange, the money is available for withdrawal when it appears in his or her wallet. The user can make whole or partial withdrawals into their designated bank account here, subject to fees. The user also has the choice to withdraw money in coins, however doing so entails a fee.
Staking Fees
Over the past few years, staking has grown to be a very well-liked function provided by a variety of exchange platforms. In a nutshell, staking is using a portion of your money as collateral in the Proof of Stake or Proof of Delegated Stake process, allowing you to generate passive income. But occasionally staking has a modest price.
Staking fees are often deducted from earned staking rewards rather than being imposed as an additional price that users must pay. These costs may vary depending on the token being staked or they may be uniform across the board on a platform. However, some platforms don’t charge anything for staking.
Is Cryptocurrency Legal in india?
Following consumer safety, AML, and market integrity concerns, the Reserve Bank of India outlawed cryptocurrency trading and barred Indian banks from engaging with cryptocurrency exchanges in 2018. However, in 2020, the Indian Supreme Court overturned the ban. and stated unequivocally that no prohibition exists.
Despite widespread mistrust, distrust, and previous bans on cryptocurrency, India has fostered innovation and blockchain adoption. It has also began work on the digital rupee, a state-backed CBDC.
In 2021, a proposed crypto regulatory framework was published on the Lok Sabha website. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, was abandoned in the final days of the session but will almost certainly be reintroduced in the future.
In February 2022, the Advertisement Standards Council of India issued new guidance on the advertising of cryptos and NFTs. The new restrictions, which go into effect on April 1, forbid the use of the terms “money, securities, custodian, and depositories” in marketing, because consumers frequently link the terms with regulated items.
While the government considers its position on cryptocurrencies and NFTs, it has adopted a new tax regime targeted at taxing gains and/or income from virtual digital assets (VDAs), which include cryptocurrencies, NFTs and similar tokens, and other assets that the government may specify. As a result, under the Income Tax Act of 1961, there is now a 30% tax and 1% Tds. However, the legal status of cryptocurrency remains unknown.Read More
How to choose a Crypto Exchange
You should conduct extensive research before using a cryptocurrency exchange in India for trading or investing. When choosing an exchange to trade in cryptocurrencies like bitcoin, investors must be aware of the safety and security of digital tokens. When evaluating a platform for cryptocurrency trading, the following elements should be taken into account:
Transparency of the Exchange
Due to the lack of legal regulation, trust and transparency are essential. Each nation offers a wide variety of exchanges. Examine the exchange’s audit data to choose a trustworthy exchange. Reports on audits include information about a company’s financial situation. Transparent exchanges disclose how to check bitcoin reserves and reveal cold storage addresses.
Ease of Trade
The ease of transaction is a major consideration when selecting an exchange. It’s important to assess how quickly cryptocurrencies may be transferred and settled. Certain exchanges frequently provide “lock-in” rates. The purchase price of the cryptocurrency is fixed by the lock-in pricing scheme, regardless of price changes up until delivery.
Order Book Volume
The exchange is being used by more traders and investors, as seen by the high order book volume. As a result, existing investors have greater liquidity when selling any given cryptocurrency.
To increase user confidence, the majority of exchanges disclose the Order Book Volume. It is not, however, against the law for an exchange to suppress the Order Book Volume. If the exchange lacks the capability to do so or its volume is smaller than that of other exchanges, it might not be possible for it to release the Order Book Volume.
Exchange Reputation
The most personalised thing to take into account is probably the exchange’s reputation. If an exchange has made significant investments in media companies (PR) to develop its reputation, the exchange may appear quite rosy and glossy.
The investor must therefore carefully evaluate the goodwill of exchange. It is suggested that you conduct adequate research, have a professional consultation, and discuss the matter. Numerous interest forums offer real, unprejudiced, and truthful perspectives. Building a robust community requires investors to simultaneously share their experiences.
Location of Exchange
Finally, the exchange’s location is equally important in determining the laws and regulations that will apply to the exchange. Investors need to be informed of the exchange’s registered office and compliance with applicable laws and regulations.
It is advised for investors to transact using a nearby or home-based cryptocurrency exchange. The foreign exchange risk connected with trading on overseas markets is also removed by investing in a local exchange. Investors are urged to educate themselves on the pertinent tax laws.
Supported coins:
The best cryptocurrency exchanges provide a large selection of currencies for trading since doing so enables users to trade a variety of crypto assets and optimise their profits.
Customer support:
The top cryptocurrency exchanges always feature top-notch customer service, allowing consumers to seek assistance if they run into any issues. Take into account the number of ways you can contact their support staff, how quickly they respond, and how helpful their responses are.
FAQ
- What Is Cryptocurrency mining?
- What happens if the exchange I am using goes bankrupt or out of business?
- How do I keep my cryptocurrencies and my exchange account secure?
- What is an ICO, and can I participate in one on a cryptocurrency exchange?
- Can I use a cryptocurrency exchange to store my cryptocurrencies for the long-term?
- How do I know if a cryptocurrency exchange is trustworthy and legitimate?
- What is a cryptocurrency trading bot?
- Can I trade cryptocurrencies anonymously on an exchange?
- Can I use a credit or debit card to purchase cryptocurrencies on an exchange?
- Is my personal information and funds secure on a cryptocurrency exchange?
- Can I use a cryptocurrency exchange if I’m not located in a specific country?
- Are there any fees for using a cryptocurrency exchange?
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- How long does it take to complete a trade on a cryptocurrency exchange? Is it safe to store my cryptocurrencies on an exchange?
- Can I use a cryptocurrency exchange to avoid paying taxes?
Can Cryptocurrency be Converted to Cash?
Yes, a user can simply convert fiat funds into cryptocurrencies or vice versa with the use of an exchange platform.
Do All Indian Cryptocurrency Exchanges Have Fees?
Yes, all cryptocurrency trading platforms levied some sort of fee. When making an order, several exchanges that use the maker-taker business model impose differing fees on makers and takers. Others, however, impose a flat tax without making a distinction between makers and takers.
How much money do you need to buy crypto?
You can purchase a portion of a Cryptocurrency for as little as INR 100.
Naren is a finance graduate who is passionate about cryptocurrency and blockchain technology. He demonstrates his expertise in these subjects by writing for cryptoetf.in. Thanks to his finance background, he is able to write effectively about cryptocurrency.