Top 5 Crypto Exchanges in India

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Crypto-market has taken us by storm in the current year, the prospects are good and with a little bit of knowledge and patience, one can easily master trading in cryptos. But to invest one should know which are a few of the safe DEXs by which you can trade with INR. To keep you out of the rabbit hole I have researched thoroughly for you and found five safe Decentralized Exchanges which I shall be listing hereunder and I have also linked their pages which you can use after you have decided on your preference.

Before we begin a small reminder I am not a financial advisor and anything in this blog does not contain any financial advice. The following list is in no particular order, that said, let's see what are the five DEXs that you can trade with.

FIVE CRYPTO EXCHANGES IN INDIA:


BINANCE:

Binance by far is the most popular exchange globally. The Binance Fees is fixed at 0.1 per cent, which is one of the lowest fees in the industry. Binance has scored a 9.9 exchange score in the coin market cap. According to Binance Website "You can now buy cryptocurrencies using Indian Rupees with 0 transaction fees on Binance P2P" 

COIN DCX

This exchange platform offers a Pro and Go platform for trading in cryptos. The Coin DCX Go platform is designed specifically for newbies, though there are not all coins for one to buy or sell which is compensated in their Pro platform which is offers trading, lending, staking. Coin DCX has been ranked 28 in the coin market cap. The transaction fees though for retail investors like me is quite high but they have a hierarchy system of charging which is hereunder.


WAZIR-X:

Headquartered in Mumbai, WazirX is India's largest crypto exchanges and they even have a utility token (WRX). WazirX is owned by Binance and it is presently ranked 33 in the coin market cap list of exchanges and has average liquidity of 111 as of writing this article. The fees for Wazir X varies from coin to coin.

COINBASE:

After Binance, Coinbase is the second most popular Decentralised Exchanges in the world. Like Coin DCX, Coinbase also offers a separate Pro platform. The only setback for it is that they do not offer a lot of altcoins for you to trade with, though, all the coins listed in Coinbase are popular and there are not many chances for you to lose out on your money unnecessarily. The transaction fees structure as per Investopedia is listed hereunder:

KRAKEN:

Like Coinbase, Kraken is also based in the US. This is the third-largest exchange by trading volume after Binance and Coinbase. Though there are not enough listed coins, this platform provides higher security for their traders. Transaction fees as provided by finder.com are as follows:

There are several other platforms for trading in cryptos, but I have listed 5 which according to me felt to be safe and popular exchanges. If you find this interesting do like and subscribe and comment which of the above is your favourite and if your favourite exchange was not listed above do comment down below with its name and why you prefer it.

Happy Trading!!



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