Unless you have been living under a rock, you must be aware of the recent happenings around cryptocurrency. The sudden surge in bitcoin prices and the interest of entrepreneurs like Elon Musk has made crypto the talk of the town. While many people are still peculiar about the digital currency, others are heading right into the waters. Though I am no expert in finances and in no position to tell you whether to invest or not, I can surely help you with the how. If you are among the lot that wants to invest in crypto but doesn’t know how you are at the right place. Here are the Top 5 Crypto Exchanges in India in 2021.
Currently considered the most successful crypto exchange in the country provides peer to peer transaction service. WazirX allows you to buy and sell crypto from and to other users and processes millions of such transactions. The best thing about this platform is that it is available everywhere. You can access it on the web, on your android device, windows device, mac unit, iOS unit and even your Windows computer. The compatibility and smooth interface of the platform makes it an ideal option for trading. You will be required to perform the steps for a KYC to use this platform.
Another peer to peer platform among the Top 5 Crypto Exchanges in India in 2021. With almost 100 cryptocurrencies listed on the platform, Bitbns becomes an ideal option to trade without the interference of any mediator. The currency exchange platform allows you to automate your purchase and orders with its smart tools. The platform claims to offer the best available rates for both sellers and users making it a favourable option for investing in crypto. You can use the service over the web or download an app on your Android or iOS device.
Another widely known crypto exchange in the country is popular for its convenience and goodwill among customers. It has listed many popular cryptos like Bitcoin, Civic, List, NEM etc. The platform offers protection against hacking by storing your purchases offline. It also monitors the number of cryptocurrencies to reduce the risk of a blanket ban in India. You enter the network as a SIP or a Systematic Investment Plan using this platform. This particular exchange is great for beginners and people who just want to learn. It can be accessed through its website or apps on different platforms.
If you are one from the cautious lot, then Giottus is the platform for you to trade in crypto. It provides 100% insurance on any cyber threat, ensuring you don’t lose sleep over hackers. The insurance is provided in collaboration with BitGo that ensures your savings are safe. The platform is easy to use and only requires you to register in order to get started. You also stand to win a chance of Matic tokens on your successful registration, the number can vary from 0 to 10,000. Apart from the luck factor and the security, what makes the platform stand out is the liquidity. You can withdraw anytime without any additional charges and the withdrawal happens in under 10 seconds. You can access the app over the web or download an app for the same. Also, you can change the language to Hindi, Tamil or Telugu.
The platform offers increased liquidity on your financial products and lets you trade in almost all the cryptos available. To use the exchange you can try the website or go for the app that is available on Android platforms. The platform is safe as it is ISO Certified Processes with 24*7 support. You can make deposits and withdrawals at no extra fee and the interface of the site is pretty smooth. The site offers separate tools for beginners and advanced traders to make the life of both parties easier.
Now you know the Top 5 Crypto Exchanges in India in 2021. Though all these platforms offer maximum protection, trading in crypto is still a grey area. In India, it is supported by the government and there are chances that strict actions can be taken against the practice. So, it is incredible that you wish to diversify your investments, but make sure to take all precautions when you invest in crypto. Always have an eye for the government policies and you’ll be good to go.