Best Apps to Buy and Sell Cryptocurrency in India

In recent years, cryptocurrency has gained immense popularity in India. With the increasing adoption of digital currencies, many platforms have emerged that allow users to buy, sell, and trade cryptocurrencies. If you're in India and looking to get started with cryptocurrency, it’s crucial to choose the right app that suits your needs. This article will walk you through some of the best apps available in India for buying and selling cryptocurrencies, providing insights into their features, fees, and user experience.

WazirX

WazirX is one of the most popular cryptocurrency trading platforms in India. Launched in 2017, it has gained a massive user base due to its user-friendly interface and extensive list of supported cryptocurrencies.

Key Features:

• Wide Range of Cryptocurrencies: WazirX offers over 100 cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, and many more.
• User-Friendly Interface: The app is designed for both beginners and advanced traders, making it easy to buy and sell cryptocurrencies.
• Security: WazirX takes security seriously and offers two-factor authentication (2FA) to protect your account.
• INR Support: You can deposit and withdraw INR directly from your bank account, making it convenient for Indian users.

Fees:

• Trading Fees: WazirX charges a flat 0.2% fee on all trades.
• Deposit/Withdrawal Fees: Bank transfers for INR deposits are free, but there may be withdrawal fees depending on the method.

Pros:

• High liquidity and fast transactions.
• Advanced trading options such as spot and futures trading.
• Strong community support and customer service.

Cons:

• High withdrawal fees for certain cryptocurrencies.
• Occasional delays during peak trading times.

CoinDCX

CoinDCX is another leading cryptocurrency exchange in India, known for its comprehensive trading options and strong security features.

Key Features:

• Extensive Cryptocurrency Selection: CoinDCX supports over 200 cryptocurrencies.
• Leverage Trading: The platform offers margin trading with up to 6x leverage, which is appealing to experienced traders.
• Security: CoinDCX implements industry-standard security practices, including 2FA and cold storage of assets.
• INR Support: Like WazirX, CoinDCX allows INR deposits and withdrawals.

Fees:

• Trading Fees: CoinDCX charges a trading fee of 0.1% for both makers and takers.
• Deposit/Withdrawal Fees: Bank transfers for INR deposits are usually free, while withdrawal fees vary by cryptocurrency.

Pros:

• Low trading fees compared to other platforms.
• Strong security measures.
• A wide range of trading pairs and options.

Cons:

• The user interface can be complex for beginners.
• Limited customer support options.

ZebPay

ZebPay is one of the oldest cryptocurrency exchanges in India, having been founded in 2014. It is known for its simplicity and ease of use, making it a great option for beginners.

Key Features:

• Simple Interface: ZebPay’s app is designed to be intuitive, making it easy for newcomers to start trading.
• Bitcoin Savings Plan: ZebPay offers a unique feature that allows users to earn interest on their Bitcoin holdings.
• Security: ZebPay has a strong reputation for security, with features like 2FA and device authentication.
• INR Support: ZebPay supports INR deposits and withdrawals, ensuring seamless transactions for Indian users.

Fees:

• Trading Fees: ZebPay charges a 0.15% maker fee and a 0.25% taker fee.
• Deposit/Withdrawal Fees: INR deposits are free, but there are fees for withdrawing funds.

Pros:

• Easy to use, especially for beginners.
• Interest-earning options for Bitcoin holders.
• Reliable security measures.

Cons:

• Higher trading fees compared to some competitors.
• Limited range of supported cryptocurrencies.

Unocoin

Unocoin is a veteran in the Indian cryptocurrency space, founded in 2013. It caters to both retail and institutional investors.

Key Features:

• Crypto Lending: Unocoin offers a feature that allows users to lend their cryptocurrency and earn interest.
• Simple UI: The platform is easy to navigate, making it suitable for users at all levels.
• Security: Unocoin employs industry-standard security practices to safeguard user funds.
• INR Support: The app supports INR deposits and withdrawals.

Fees:

• Trading Fees: Unocoin charges a 0.7% trading fee, which can be reduced with higher trading volumes.
• Deposit/Withdrawal Fees: Bank transfers for INR deposits are free, but withdrawal fees apply.

Pros:

• Established platform with a long history.
• Interest-earning opportunities for crypto holdings.
• User-friendly design.

Cons:

• Higher trading fees for smaller traders.
• Limited selection of cryptocurrencies.

Conclusion

Choosing the right app for buying and selling cryptocurrency in India depends on your individual needs. WazirX and CoinDCX are excellent choices for those looking for a wide range of cryptocurrencies and advanced trading options. ZebPay is perfect for beginners due to its simplicity, while Unocoin appeals to users interested in earning interest on their holdings.

Before making a decision, consider the fees, security features, and the overall user experience of each platform. By doing so, you'll be able to find the app that best suits your cryptocurrency trading needs in India.