The government saw the tax change as an opportunity to make the asset class official, pushing for it. It also made it too expensive to trade cryptocurrencies. Even so, about 7.3% of people in India own digital currency, and even though trading on local exchanges has dropped a lot, Indians continue to trade large amounts on international sales. BitIQ makes trading cryptocurrency accessible to anybody. So, to help you decide, here is a list of the best places in India to buy and sell cryptocurrency:
Bybit
Bybit India is the best place to buy and sell cryptocurrencies in India. It is also known for keeping its customers’ money safe worldwide. ByBit Exchange is a cryptocurrency exchange where high-level futures trading can be done by traders with a lot of experience. There are no fees to trade for people new to crypto, and the user interface is very easy to use.
Bybit India is known for offering the best deals in the business to its customers. For instance, if you’re a new member, you could get a $20 bonus and up to $4,000 in bonus money after you’ve done all the jobs on their site. Customers can trade cryptocurrency perpetual contracts on this trading platform with a leverage of up to 100:1. Bybit India has never been the target of a hacking attempt, and they do a lot to ensure their trading platform is as safe as possible. It’s always brought up how complex cryptography is to understand.
For every new user you bring to the platform; you can get up to 50% of the platform’s revenue or up to $20 in cash. A bonus of up to $20 is also given to new users immediately. Some people also believe the Bybit Affiliate program is the best affiliate program on the cryptocurrency market.
WAZIRX
Nischal Shetty created WazirX in 2017 so that people could trade cryptocurrencies there. It has been for sale since then. It is known as one of the most popular exchanges and trading apps for cryptocurrencies in the Indian market. It lets people in India who trade cryptocurrencies trade with each other on its trading platform and gives them exchange services.
You can also buy and sell cryptocurrencies through it. This trading platform works well on Windows computers, MacBooks, iPhones, Android phones and tablets, and many other platforms. WazirX needs more liquidity compared to bigger crypto platforms, and its trading costs are quite high right now.
COINDCX
People think that because so many people have signed up to use CoinDCX, it must be one of the most reliable cryptocurrency exchanges in the country. The site also has several services related to cryptocurrencies, such as margin trading, futures trading, and loan options. The CoinDCX platform gives users access to many complicated trading options, which may be helpful for more experienced cryptocurrency traders.
Two-factor authentication (2FA) also makes CoinDCX a safe trade place. Customers can also earn interest on the bitcoins they have deposited by “staking” on the platform. Because it only works with INR, this app can only be used to trade cryptocurrencies. Right now, the only way to add money to the account is through a bank transfer, which is a big problem. Also, you can’t move cryptocurrency between this app and other exchanges or wallets.
COIN SWITCH KUBER
People just getting started in the world of cryptocurrencies will find it very easy to trade cryptocurrencies with Coinswitch Kuber. Even though this exchange doesn’t have as many features or cryptocurrencies as others, it is still very popular because it is easy to use and safe. Also, the exchange has made a lot of guides and videos that anyone can use to learn more about the cryptocurrency industry.
But the exchange can only be used for intraday trading or regular trading if it needs the right tools. Since people can’t yet trade one cryptocurrency for another, the site helps people buy cryptocurrency by only accepting INR. This lack of support is bad for new traders and those who have been doing this for a while.
