While cryptocurrency exchanges help you in buying, selling and storing cryptocurrencies, crypto apps help you in getting quicker access to various cryptos available in the market to trade. You need not mine cryptos all by yourself rather the apps facilitate buying, storing and selling your valuable asset in the decentralised digital currency realm. Although there are many cryptocurrency apps available in Google to download, we have shortlisted the five best cryptocurrency apps in India for new and existing crypto traders.
WazirX is one name every crypto trader must have heard about particularly after it listed its crypto token in the exchange. The app launched by WazirX exchange is popular too and helps us in trading hundreds of crypto coins using US Dollar, BTC, INR and more. You can also buy WazirX coin or WRX to invest in other cryptos.
Many contests and Airdrops are organised by the app which makes WazirX popular among traders. Concerning fees, WazirX charges around 0.2% applicable on maker and taker. The money can be deposited in your account through RTGS, NEFT, UPI and IMPS but has to be more than 100 INR.
The second most preferred cryptocurrency trading app in India is Unocoin which is popular due to the app simplicity and for supporting a large number of crypto coins. When you sign up for the app, you need to create an account after fulfilling every KYC requirement. The app has a sale feature too which allows users to auto-sell from the profile tab itself.
Unocoin charges higher than WazirX, 0.7% on selling and buying assets. The rate is applied on using the app for a minimum of 60 days after which a fee of 0.5% is charged. One loophole is Unocoin asks users to deposit a minimum of 1000 INR initially which s higher than many other crypto apps in India. However, they do not charge anything when you deposit money through NEFT, RTGS or IMPS.
CoinDCX is the third and one of the most versatile crypto trading apps in India. It has more than 200 coins listed in its exchange which can be bought and sold by users. Moreover, the app is user-friendly, simple and comes with a one-time password feature with an OTP facility that is sent to the registered mobile number or email id.
The CoinDCX app has a special feature on its homepage where they share some valuable information about how you can invest in cryptocurrencies or how digital assets and traded in the virtual world. The fee charged by the app is 0.1% which is quite less. However, minimal withdrawal has been set by the app that is 1000 INR. Like other trading apps, you can deposit money through NEFT, RTGS, IMPS and UPI.
Zebpay is the oldest cryptocurrency trading app in India. The app can be used after you create your account in Zebpay by fulfilling KYC details. The platform also provides freebies once you refer the app to other people. So, if you make others join the ZebPay app, you earn extra i.e., 50% of the trading fees of the other person in your link for one year. The minimum deposit amount has been set to 100 INR for UPI deposits and 1000 INR for other forms.
Zebpay membership can be availed by investing 0.0001 BTC in the app. The maker and taker fees are 0.15% and 0.25% respectively which is quite high. Also, if you deposit money through UPI, you may be charged a fee of 15 INR while net banking deposits are charged 1.77%. The app also charges during withdrawals which are 10 INR or 0.0006 BTC.
5. CoinSwitch Kuber
CoinSwitch Kuber is slowly gaining popularity among Indian cryptocurrency traders, particularly after the IPL match held recently. The platform is been funded by some of the prominent investors and virtual currency firms like Sequoia. The app claims that it allows users to trade in more than 100 cryptos while promising to provide the best trading platforms in the market. To create an account, all you need is a smartphone, registered mobile number and a trading app.
To start trading you will have to complete the KYC process and providing a two-factor authentication password. One of the best features of the app is security. The app will not open until you provide a four-digit pin code every time. CoinSwitch Kuber will not charge anything for the first 100,000 customers for the first 100 days. However, I believe that that the app must have crossed the number of users way more than that until now.
Overall, the five above-listed cryptocurrency trading apps in India provides traders with a unique experience while maintaining security and authenticity at their best.