Top 3 Best Cryptocurrency Exchanges In India 2020

 After the ruling of the Supreme Court was made in the favor of cryptocurrency, India saw a boom in investment from traders and buyers who wanted to try their luck in the cryptocurrency market. This boom not only brought a number of international cryptocurrency exchanges to India but also led to the development of multiple domestic cryptocurrency exchange platforms and trade markets to cater to the Indian populace. In order to assist investors and buyers in choosing the best platform for all their cryptocurrency trades, here is a curated list of the Best Cryptocurrency exchanges in India.

1) WazirX :

 WazirX is considered as an underdog champion in the field of domestic cryptocurrency exchange platforms. The platform was created in 2017 and soon gained huge popularity among investors and users. The platform conducts regular security audits to ensure the safety of its user’s investments and keep the platform safe and secure. The platform also provides its users with a peer to peer transaction ability and maintains a system that is capable of handling millions of transactions and can scale up the infrastructure to meet the rising demands. The fee structure of is minimum and is usually between 0.1 percent to 0.2 percent. WazirX is also available on 5 different platforms, thus ensuring that users on every domain are capable of accessing their exchange.

2) ZebPay :

Zebpay is one of the major domestic players in the field of online cryptocurrency exchanges. The platform was developed in the year 2015. The company had to close its operations after the RBI’s ban on cryptocurrency trading but soon resumed it when the Supreme Court ruled against it. Zebpay has developed a huge clientele over the years and has served almost 3 million users till now. Zebpay introduced a detailed fee structure which is divided into 3 different parts. The Maker fee at 0.15 percent is charged when the order that is placed isn’t immediately matched, The Taker fee at 0.25 percent is charged when the order is executed immediately, and the Intraday fee at 0.10 percent which is charged on every transaction that is conducted after midnight. The platform also charges a 1.75 percent commission on transactions done with net banking. The platform also provides a clutter-free and easy to use interface that can be operated easily even by greenhorn users who are new to the concept of crypto trading. The platform adheres to high levels of security measures such as storing coins in cold wallets that are air separated and located in different cities and countries. The platform also implemented firewalls and has its own security protocol system named Omnitrixx.

3) Unocoin :

Unocoin is one of the oldest domestic cryptocurrency trading and exchange platform (created in 2013) that caters specifically to the citizens of the Indian Subcontinent. The platform was created before the Supreme Court’s decision to uplift the ban on cryptocurrency trading and hence faced a lot of flak from the Reserve Bank of India and other financial institutions shunned it too. The platform charges a fee of 0.7 percent on every transaction that is conducted on the platform. But after a minimum usage of 60 days and a significant transaction volume is detected from the user’s account, the user is automatically upgraded to ‘Gold Membership’ in which the transaction fees drop to 0.5 percent. In order to protect the investments of its members, Unocoin stores all the cryptocurrencies in multiple addresses that are connected to offline storage on a computer that is never connected to the internet. Unfortunately, the platform only trades in 3 cryptocurrencies, Bitcoin, Ethereum, and Tether. This limits the possibilities of expansion and reduces the cryptocurrency options for its users to choose from. The platform also created an app so that the users are provided with more accessibility.