Top 7 Cryptocurrency Trading Apps in India

by posted in All About Shopping

 

Cryptocurrency is a  topic in India, with the government trying to regulate various activities related to digital currencies. Still, cryptocurrency trading platforms, in India are legally operating and are  available for use by anyone. Nearly, all quality cryptocurrency exchanges have a mobile application that investors can use for trading, account management, price monitoring, and more.

Why cryptocurrency trading apps are important?

Smartphones have changed consumer behavior in the country big time. Investors are no different. You cannot carry your laptop everywhere not to miss on important trading opportunities. The cryptocurrency trading apps free you from the hustle and bustle, so you can trade remotely from anywhere, anytime as long as you have an active internet connection.

If you can pick the right app for cryptocurrency trading in India, you can trade crypto like bitcoin, Ethereum, Litecoin, and many more easily. There are dozens of crypto trading apps available for Indian users, unfortunately not every app is created equal. In this review, we have compared the top      cryptocurrency trading platforms that are available in India.  If you want to know the best crypto exchanges in India, please refer to this with the understanding that most crypto exchanges also provide crypto trading apps.

Top 7 cryptocurrency trading platforms in India

1.WazirX

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Going by sheer number of investors registerd on the site, WazirX is by far the largest crypto trading app in India. Investors can make trade and investments in a range of cryptocurrency coins by using any currency like INR, BTC, USD, and even P2P. This exchange offers its cryptocurrency known as WRX. You can buy WRX using INR and invest in other cryptos using WRX.

Features:

App features: Smart widgets for the home screen, market and order tracker, intelligent order forms, fast withdrawals, and deposits. Available for Android and iOS.

Security: Cold storage for crypto assets, Two-factor authentication, and App Passcode

Fee: A 0.2% taker and a maker fee. ‘Pay trading Fee with WRX’ feature makes you eligible for a 50% discount on the trading fee.

Payment method: NEFT, RTGS, and IMPS for deposits with a transaction fee of INR 5.9. With UPI deposits, there is almost zero transaction fees. Instant withdrawal and NEFT withdrawals available.

Pros:

  • WazirX is a Binance company (largest cryptocurrency exchange in the world)
  • Best payment methods available
  • High security

Cons:

  • No fingerprint option available
  • High bank transfer charges

2.Bitbns

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Bitbns is a cryptocurrency platform that keeps it simple, secure, and attractive. This crypto trading app offers everything from simple bitcoin buying options to margin trading, pool sales, and at times crypto drops. What makes these best apps truly unique is the option to create a Fixed Income Plan. It is an option that assures you regular returns on your cryptocurrency investments.

Features:

App features: Available on both Android and iOS. Borrow and lend feature in the app, easy to use interface, multiple security layers.

Security: Cold storage of assets, two-factor authentication, personal wallet security with Google authenticator.

Fee: A 1.77% fee on Mobikwik deposits. You can check the detailed withdrawal fee slab here.

Payment method: MobiKwik wallet allowed. IMPS, NEFT, Bank transfer, USDT P2P, UPI, and bank P2P are also allowed.

Pros:

  • Mobikwik wallet allowed
  • A Credit card can be used through Mobikwik
  • Clean and simple UI
  • Fixed Income Plan

Cons:

  • Slow support system
  • Inaccurate market charts at times

3.Unocoin

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Unocoin is all about extreme customer friendliness and you experience it first-hand. It supports multi-crypto assets. On the uniqueness front, the Unocoin app has an auto-sell feature to schedule your asset’s sale and never miss profits.

Features:

App features: Supports both iOS and Android. Intuitive dashboard, INR wallet, inbuilt crypto exchange, and wallet services.

Security: Two-factor authentication and digit pin/ fingerprint authentication for app login.

Fee: Buy/sell fee of 0.7% for minimum usage of 60 days. Afterward, traders are upgraded to the Gold Membership and the fee is reduced to 0.5%.

Payment method: NEFT, RTGS, IMPS, and UPI deposits allowed. MobiKwik wallet is allowed at an additional 2% transaction fee.

Pros:

  • No maker or taker fee
  • Debit/credit card deposits accepted.
  • Fingerprint lock
  • Faster customer support

Cons:

  • High trading fee
  • The minimum deposit is INR 1000

4.Zebpay

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“Bitcoin Ki Dukaan” is the tag line of this trading app. ZebPay is already famous for being one of the oldest cryptocurrency platforms in India that started operations in 2015. For maximum protection, they store 98% of their crypto assets in cold storage. ZebPay is one of the best apps for cryptocurrency trading in India, especially if you are trading for the first time.

Features:

App features: Clutter-free interface, premium charting, trade and watch market on the same screen, offers stress-free trading experience.

Security: ZebPay’s proprietary Omnitrixx technology secures every transaction between hot and cold wallets with a multi-chain security system. App also allows four-digit pin and fingerprint security to access the app.

Fee: Membership fee of 0.0001 BTC per month, a 0.15% maker fee, and a 0.25% taker fee. ZebPay allows crypto deposits for free but for INR deposits you pay INR 15 on UPI and 1.77% on Net Banking. Flat INR 10 fee for all fiat withdrawals, and for BTC withdrawal there is a 0.0006 BTC fee per transaction.

Payment method: INR deposits through IMPS, RTGS, NEFT, UPI, bank transfer, and Net Banking.

Pros: 

  • Straightforward app interface
  • Fingerprint and pin security
  • Lightweight app

Cons:

  • Only fundamental features included
  • Monthly membership fee

5.CoinDCX

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With the highest liquidity rate and option to trade over 200 altcoins, CoinDCX remains the best cryptocurrency trading app in India in terms of money movement. The platform also teaches you the basics of investing.

Features:

App features: Android and iOS, app available. Live price alerts, track orders and investments, smart dashboard, simple and easy to use.

Security: CoinDCX uses the Google Authenticator app as the first layer of security. And unlike many cryptocurrency trading platforms it forces you to use a different withdrawal password to confirm for every withdrawal you process. Fingerprint unlock is also available.

Fee: 0.1% maker and taker fee. The minimum withdrawal limit is INR 1000. There is no withdrawal fee on it. CoinCDX trading fee depends on your trading volume. For details, check here.

Payment method: INR deposits through UPI, NEFT, IMPS, RTGS, and bank transfer allowed.

Pros:

  • Limitless trading options
  • Video tutorials
  • No withdrawal fees

Cons:

  • Deposit problems are reported at times

6.Binance App India

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Binance is the largest exchange in the world by trading volume so when they launched their app in India, it had to be superior. Offering a variety of features, the Binance app makes it easy for Indian investors to buy and sell digital currencies with INR via UPI and other payment options.

Features: 

App features: Supports iOS and Android. Analyse and trade over 200 coins, live price notifications, and superior interface.

Security: Two-factor authentication, SMS notifications

Fee: 0.1% maker and take fee each, know about trading fee slab here

Payment method: UPI, SWIFT, IMPS, NEFT and Net Banking

Pros: 

  • Binance Academy app for teaching investors
  • Auto notification about your holdings
  • Advanced charting

Cons: 

  • Can be a bit tedious for beginners

7.CoinSwitch Kuber

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With already 4million+ Indian investors, Coinswitch is one of the fastest growing cryptocurrency trading apps in India. The App has an easy-to-use interface that makes the signup process simple, directly using your phone number. You have over 100+ cryptocurrencies available at the best rate along with a wide range of payment options.

Features:

App features: Cleaner interface, live notifications, SMS passcode, iOS, and Android versions.

Security: Two-factor authentication, pin code to maintain personal security.

Fee: Transfer of digital assets in the app wallet is free of charge, transfer of fiat currency is subject to a transaction fee.

Payment method: Cryptocurrency deposits and payments in INR are accepted through NEFT, bank transfer, and UPI.

Pros:

  • Free for first 100k users
  • Simple to use interface
  • Over 100 altcoins available to trade

Cons: 

  • Login issues reported
  • Slow customer support

Conclusion

Considering all the features, an app that offers a proper balance of security, user experience, the fee charged and features will be the best apps for cryptocurrency trading in India. The trading platforms we have listed here are best to invest in crypto assets.

FAQs

Q. What are cryptocurrency and bitcoin?

A cryptocurrency, simply crypto is a digital currency that you can use to buy goods and services online. Unlike fiat currencies, cryptocurrencies are not regulated and use an online ledger with strong cryptography to secure online transactions.
According to CoinMarketCap.com, there are over 6,700 different cryptocurrencies that are traded publicly. Bitcoin is the most successful cryptocurrency of all by its trading volume and market price. Bitcoin is said to have a $1.2 trillion market capitalization.

Q. How to buy bitcoin in India?

In India, bitcoin can be brought via several cryptocurrency exchanges. You can buy bitcoins using any of the trading apps listed above with INR.

Q. How to earn Bitcoin?

You can earn bitcoins through mining. Several companies offer you bitcoin for completing surveys. Many cryptocurrency exchanges offer you bitcoin through referral programs as well.

Q. How to invest in cryptocurrency?

There are many ways to invest in cryptocurrencies. You can invest in the stock of companies that invest in crypto or buy crypto funds. But the most suitable option is to invest directly in crypto through cryptocurrency exchanges like WazirX, Binance, and Unocoin.

Q. Is it legal to trade bitcoin or another cryptocurrency in India?

It is a complicated question with no simple answer. Simply put, cryptocurrencies are not illegal in India but they are unregulated and RBI has issued warning against their use for illicit activities, but never said anything about buying, selling, or holding crypto

For better understanding, we recommend this article.