Best Cryptocurrency Apps in India: Cryptocurrency investments are skyrocketing and may well be aiming to register all-time highs in India. Although there are many risks and RBI itself frowns on cryptocurrencies, investors still go there because of the promise of high profit. Due to this, cryptocurrency exchange apps have been popping up on app stores. These apps allow you to invest in cryptos like Bitcoin, Ethereum, Dogecoin, etc. using only your smartphone. In fact, you don’t need a laptop or PC to get started with crypto investing. Cryptocurrency exchange apps help you quickly access the various cryptos available in the market and allow you to trade (buy and sell) them on the go. Here are some of the best cryptocurrency apps in India.
Best Cryptocurrency Apps in India
WazirX is one of the most popular cryptocurrency apps in India. It’s a favorite of people on social media. The crypto exchange app lets you invest using INR, US Dollar, BTC, and even P2P. Additionally, it has its own coin called WRX which can be purchased using INR. You can also use WRX to invest in other cryptocurrencies like Bitcoin, Ethereum and others.
WazirX also lets you earn coins through various contests available in the app’s info section. Moreover, it secures user accounts using 2FA or app passcode which can be enabled from phone settings. Notably, WazriX charges a 0.2% fee to the taker and the maker. Moreover, it allows you to deposit any amount greater than ₹100 in WazirX Wallet via NEFT, RTGS, IMPS and UPI. You should also note that the first three come with transaction fees of ₹5.9. On the other hand, UPI transactions take place without any fees.
CoinSwitch Kuber App
CoinSwitch Kuber gained popularity around the IPL with its advertisements. This platform has received funding from popular investors and venture capitalists like Sequoia and more. It allows you to trade up to 100+ cryptos and promises the best trading rates in the market. To create an account for crypto trading, you must use your mobile number. However, you obviously cannot start trading until you have completed the KYC process.
CoinSwitch Kuber says the first 100,000 users of the platform won’t have to pay trading fees for 100 days. It has a simple user interface. Aggressive marketing attracts people to CoinSwitch Kuber. One of the best crypto exchange apps allows you to deposit INR via NEFT, bank transfer and UPI. However, we do not know about its security measures to secure crypto assets.
Unocoin is another of the best crypto exchange apps. It comes with a simple user interface and supports many cryptocurrencies. You need to create an account and make sure to fill in all the KYC (Know Your Customer) details. You can also use the scheduled sale feature which allows you to sell automatically from the profile tab. However, you will be charged a 0.7% fee for buying and selling their assets, which is higher than what WazirX offers. This rate is applicable for a minimum usage of 60 days, after which Unocoin charges a 0.5% fee and also upgrades you to Gold Membership.
If you use Unocoin, you will need to deposit a minimum amount of ₹1,000, which is more than what WazirX offers. However, when you deposit money using NEFT, RTGS, IMPS or UPI, no fees are charged to users. If you use the MobiKwik wallet, it will charge a 2% transaction fee. In addition, debit or credit card users also have to pay bank prescribed fees. Unocoin also offers biometric security features via finger ID and passcode