6 Best Crypto Trading Platforms to Buy Bitcoin in India

Do you know which country has the highest number of crypto holders and the best platform to buy Bitcoin?

Although the Indian government has not yet taken a decision on cryptocurrencies, India has the highest number of crypto holders in the world.

Indians who do not share this confusion with their lawmakers are largely hesitant to buy cryptocurrencies.

But with so much useless information floating around on social media and messaging apps, it’s easy to lose your hard-earned money.

Well, don’t lose anymore.

We’ve put together some of the best ways to buy Bitcoin and cryptocurrencies in general in India.

However, if you don’t know about these strange computer currencies, you should probably start with:

What is cryptocurrency?

Cryptocurrency is a digital currency backed by blockchain technology. Blockchain is a decentralized database that synchronizes with all users in real time. Therefore, it is transparent and immutable.

A more detailed explanation can be found here.

That being said, the value of cryptocurrencies is based on people. More buyers lead to higher prices. Similarly, a sale could cause the value of a cryptocurrency to plummet.

Currently, the top five cryptocurrencies by market share are:

Now, let’s go to the best crypto trading platform in India.

Paxful

Paxful is a peer-to-peer (P2P) cryptocurrency marketplace. On Paxful, you can see a variety of sellers making offers to buyers.

Payment methods vary by individual seller. However, it is very flexible to use with any payment stream.

Paxful charges merchants a transaction fee based on the wallet they use. These amounts vary depending on the transaction size and are lower when using Paxful’s own wallet.

Interestingly, Paxful sellers can set their own crypto prices and trading limits. You can buy Bitcoin, Ether, and Tether. Although Paxful makes trading look easy, it is recommended for advanced users.

Zebpay

Zebpay is one of the trusted platforms to buy cryptocurrencies in India. You can purchase multiple cryptocurrencies including Bitcoin, Bitcoin Cash, Ripple, and Litecoin.

Zebpay advertises that 98% of its storage is “cold” to its users. This means cold storage remains disconnected from the internet when idle, making it more secure.

This platform charges an additional membership fee if you do not trade at least once a month. Zebpay pays up to 6% interest on your cryptocurrency holdings. If you lend out cryptocurrencies, this interest rate can be up to 12%.

They have an exchange platform in addition to a wallet to store your purchased cryptocurrencies. Zebay is headquartered in Singapore and has operations around the world.

CoinSwitch Kuber

CoinSwitch is an India-only mobile-only cryptocurrency trading platform.

You can use CoinSwitch Kuber to buy over 80 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

With this platform, you can start with as little as INR 100. It has multiple payment facilities for the Indian ecosystem including UPI, debit cards, credit cards, and bank transfers.

Binance

Binance is the world leader in P2P cryptocurrency trading. Supports hundreds of cryptocurrencies. The platform is vast and there are countless currencies to invest in.

Binance also has a native coin, Binance Coin (BNB). There are also clear incentives to use BNB.

Binance does not charge fees for deposits.

Assign a VIP level to users based on their transaction amount. Each time you trade, your VIP level will be upgraded, and each higher level will reduce your transaction fees.

Binance is highly flexible and has a great reputation. However, the number of options can be overwhelming for beginners. Therefore, it is perfect for intermediate to advanced users.

Uno coin

Unocoin is an Indian homegrown cryptocurrency platform for purchasing Bitcoin, Ether, and Tether. This website is easy to navigate and intuitive from the start.

Additionally, there is a calculator on the home screen that displays fees such as transaction fees, service fees, and current value of INR.

Unocoin also has an exchange portal consisting of 38 cryptocurrencies. They have a systematic purchasing plan for investing small amounts regularly. You also have the option to receive interest on your crypto assets held during a set holding period.

You have to pay a 0.5% fee to buy and sell Bitcoin. Additionally, GST is charged on each transaction, which adds up to an additional 18%.

Additionally, you can trade Bitcoin with Unocoin users without any fees. Also, there are no fees to receive Bitcoin into your Unocoin wallet. Similarly, trading between cryptocurrencies does not require you to pay any overhead, other than unavoidable network fees.

bit beans

BitBns is a slightly more advanced cryptocurrency exchange based in India. Supports hundreds of cryptocurrencies. Before you buy, you can instantly see the current price, minimum purchase limit, and associated fees.

Although it can be scary for beginners, it is still very beneficial. You can store your crypto assets in your BitBns wallet, and third-party crypto wallets are also supported.

Interestingly, BitBns has its own cold wallet, but unfortunately it was out of stock at the time of writing.

There are also systems where you can earn interest when you bet with cryptocurrencies. But the best part is that you can start buying crypto assets with as little as 100 INR.

BitBns fees vary depending on transaction level, amount, and specific coin. Overall, this platform has great options to start your crypto journey. You can use it as a web app or download apps for Android and iOS.

Conclusion👨‍🏫

Please note that investing in crypto assets involves market risk. This is only recommended for those who have technical knowledge of cryptocurrencies and who like risk.

So, if you have what it takes to step into the world of cryptocurrencies, the above-mentioned platforms will serve you best.

Also, if you need to learn, we have many crypto articles to help you feel comfortable using these new-age digital currencies.

Want free crypto?Here are 7 ways to earn free crypto.