Hey Everyone, welcomes back to My blog Crypto Times and Hopes you Guys are doing Absolutely good. So This article on the Best Crypto exchange in India.
Hey Everyone, if You Indian then you are Reading this carefully. But Don’t Worry I will provide Full Details with no promotion of any Exchanges. But if you need any other help related to cryptocurrency you may contact me on Instagram.
For Indian peoples, cryptocurrency trading and investing is so Difficult for Indian people. Some time those exchange Fees and delays in payment make the critical problem for Investors. The last time when Dogecoin crosses the $0.5, then WazirX got crashes. And if you invested in Foreign exchange, then withdraw into Indian Exchange is also a big problem So let’s talk without wasting any time.
In India, there are many Exchange show in pictures
So in this article, I will tell about History, Fees & charges, Features & USP, Pros & Cons, Ease of Use, and my Personal recommendation of those Exchanges.
History
- Coin switch Kuber: It launched in 2017 but for Indian users, it started in June 2020. In Jan 2021, collecting the 15$ funding from the Ribbit capital and from many other sources. so currently the valuation is above $500 million. Currently, they have more than 4 million users on coin switch kuber.
- WazirX: its launcher in 2017, and currently has more than 3 million users with the trading of $2.4 billion. And Binance bought WazirX in 2020.
- Zebpay: It started in 2014-15, and it is India’s first exchange. But it closes its service after RBi bans the cryptocurrency. After the ban removed by the Supreme court, Zebpay re-enters the Indian crypto market.
- Binance: World’s largest crypto exchange started in 2017 in China, but after banning cryptocurrency in china. It moves to one of the Japanese islands.
Fees & Charges
The coin prices are different in all the Exchanges if you see the Bitcoin price. Then Kubers has the highest rate, then WazirX, then Zebpay, and lowest in Binance. But you can not directly buy any coin with help of Indian rupees in Binance. You have to convert into USD then you buy in Binance. The Charges in WazirX is lowest than any other crypto Exchanges.
But in case of Fees
- Coin switch Kuber: It has Zero Brokerage Charge but having some hidden charges. And That why the prices of coins are high in Application because they added charges into the Coin. But It has no withdrawn and Deposit charges. And trading Fees are 0-0.49%.
- WazirX:
1. Deposit Fees: 5-10 INR / for UPI it has 4 -8 INR
2. Withdraw charges: In Bank: 5-10 INR & 0.0006 BTC equivalent for transfer in other Exchanges
3. Trading: Maker Fees - 0.2% and Taker Fees- 0.2% But if you use WRX token then you get a 50% discount (0.1%)
Note: Taker Fees mean, you buy any coin and your Transaction completed Instant.
Maker Fees mean, You buy any coin and your transaction goes to the Order book. It Takes time to completed - Zebpay
1. Deposit Fees: 10-15 INR
2. Withdraw fees: In bank: 10-20 INR & 0.0006 BTC equivalent for transfer in other Exchanges
3. Trading: Maker Fees: 0.15% and Taker Fees- 0.25%
4. Intraday trading charges: 0.1%
5. Monthly Membership Fees- 400 INR or 0.001 BTC - Binance
1. Deposit and Withdraw Fees: 0 INR
2. Trading Fees: 0.01 % or 25% discount on Binance coin
3. Max Withdraw Fees 0.005 Btc for transfer into other Exchanges
According to Fees & Charges, Rating is
Ease of Use
- Coin switch Kuber: It is Simple and Easy for Beginners
- WazirX: Initially it is complicated because of Many Graph and Withdraw Function
- Zebpay: It is also like a coin switch kuber
- Binance: Binance Lite Version is easy to Understand But the Pro version is so hard.
According to Ease of Use, Rating is
Features, Pros & Coins
- Coin switch Kuber
Features: Easy to Use, Easy withdraw and Deposit
Pros: Fast Transactions
Cons: High Fees, Choice of Crypro is less, Can not Use in Web - WazirX
Pros: Fewer fees, transfer fund and Crypto to Binance because Backed by Binance, More CryptoCurrency
Cons: Hard to understand, Crashing Problem, slow transaction - Zebpay
Pros: Clean Interface, Fast Transaction
Cons: Monthly Membership, Less Choice of Crypto, and High Fees - Binance
Pros: Best crypto prices, more option in crypto, Good Liquidity, More Security
Cons: Conversion fees in INR
According to Features, Pros & Cons. Rating is
Personal Recommendation
- If you are Pro then use Binance
- If you want Globally trade then use Binance
- If you want Fewer Fees and Best Exchange in India then use WazirX
- If you want an Ease of use application then Prefer Cuberswitch Exchanges
Thanks for Your Precious Time
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