The 5 Best Apps to Buy Cryptocurrency in India
The 5 Best Apps to Buy Cryptocurrency in India
Cryptocurrency has been in the news quite a bit as of late, whether it’s investors becoming extremely wealthy overnight. Or Indian government officials calling for regulation and increased oversight of this fast-growing segment of the economy.
If you’re interested in getting into cryptocurrency yourself but aren’t sure where to start.
This guide will help you get started buying and trading cryptocurrency using apps you can download from the Google Play Store.
With these apps, you can buy and sell popular cryptocurrencies like Bitcoin and Ethereum using your smartphone or tablet.
Table of Contents
- 1) Coinswitch Kuber
- 2) Bitbns
- 3) WazirX
- 4) CoinDCX
- 5) Uncoin
- Importance of investment or Buying Cryptocurrency
- Documents required for starting investment
- Are these investment companies are safe to Buy Cryptocurrency
- Conclusion regarding buying Cryptocurrency
1) Coinswitch Kuber
It is a portal for buying, selling, and storing cryptocurrencies. You can create an account on Coinswitch and start transacting with other
people. No long verification procedure and no holding limits. You can deposit or withdraw money from your bank account directly. It is one of the best apps to buy cryptocurrency in India.
The app has been praised by its users for its friendly user interface. Coin switch charges a fee of 0.3% for every transaction that you do on their platform, making it one of the cheapest services currently available in India.
Furthermore, they are also soon launching a debit card that will allow you to spend your digital assets at any ATM or shop nearby without having to convert them into fiat currency first.
Note:
If you register in Coinswitch Kuber from this link, then you get ₹150 rupees worth Bitcoin absolutely free.
2) Bitbns
If you’re into trading cryptocurrency, chances are you’ve heard of Bitbns by now.
In fact, it’s one of the most popular crypto exchanges in India right now — and it’s easy to see why: It supports a wide range of cryptocurrencies and charges really low fees to Buy Cryptocurrency.
The app also offers attractive incentives to users and has an easy-to-use interface. If you want to buy
Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), or Ripple (XRP) tokens, give Bitbns a shot. You can download it for free from Google Play or App Store.
3) WazirX
The leading exchange for Indians and Indian remittance users, WazirX is one of few places you can buy Bitcoin (BTC) and Ethereum (ETH).
It also offers low fees, which makes it a good choice if you’re a cash-strapped beginner or experienced trader.
WazirX is already on its way to becoming full-fledged cryptocurrency exchange, but there’s still room for improvement.
Check out their official app if you want to keep track of your trades while away from your computer.
4) CoinDCX
CoinDCX is an Indian cryptocurrency exchange that offers trading pairs for Indian rupees (INR) against cryptocurrencies like bitcoin, ether, ripple, etc. You can also sell
your crypto and get INR from CoinDCX by transferring your crypto holdings from another exchange like Zebpay.
The interface of CoinDCX is beginner-friendly with a simple design and user-friendliness that makes it perfect for crypto beginners looking to buy their first cryptocurrency via an app on their mobile phones.
The only downside is its lack of trading pairs as compared to other exchanges such as Binance and Wazirx.
It just offers about 10 trading pairs as compared to dozens offered by other exchanges, making it less popular amongst users who trade altcoins regularly to Buy Cryptocurrency.
5) Uncoin
Unocoin is an Indian exchange that allows you to buy, sell, and store bitcoin. It’s one of a handful of exchanges based in Asia that are opening up cryptocurrency trading to new markets.
Unocoin makes it easy for Indians to invest in cryptocurrencies like Bitcoin without any hassle.
You can sign up for an account by simply providing your name, email address, and mobile number — and you’re good to go!
No need for any documents or verification just yet (although you will have to submit them later on).
For now, all you need is your account number — you’ll get it when you login into your account and verify your phone number.
Importance of investment or Buying Cryptocurrency
- The cryptocurrency market is growing rapidly. If you’re thinking of making an investment, there are many things you should know before diving in. This beginner’s guide will walk you through what cryptocurrencies are, how they work, and where you can safely buy them.
- Cryptocurrencies have taken a lot of heat lately, but they aren’t going away anytime soon. In fact, there are now more than 1,600 cryptocurrencies and nearly 100 exchanges that can be used to trade these coins for cash or other cryptocurrencies. That means it’s not just about Bitcoin anymore — even though it’s still by far the most valuable
Cryptocurrency out there with a market capitalization of more than $100 billion USD!
Documents required for starting investment
- PAN Card
- Address Proof- Leave and License
- Electricity Bill
- Bank statement -or any document which shows your address with your name and address on it
- Proof of Identity- Leave and License
- Passport
- Last 2 years IT returns
Are these investment companies are safe to Buy Cryptocurrency
Crypto is a risky business. It’s not regulated by anybody. There are a lot of scams happening, said Unikrn Co-founder and CEO Rahul Sood.
UnikoinGold is going to be that bridge between cryptocurrency and real money.
The company has set up six security checkpoints designed for protecting consumer funds, including cold storage for 99 percent of customer funds, full reserve auditing, as well as a third-party risk assessment for all new hires.
We’re basically saying that you trust us with your crypto, Sood said.
Conclusion regarding buying Cryptocurrency
There’s a lot of hype surrounding cryptocurrencies, particularly at a time when everyone is talking about blockchain technology.
While we don’t want to endorse any particular cryptocurrency or investment opportunity, we do want you to be aware of what’s out there and where you can find it.
In that spirit, we’ve assembled a list of five of our favorite apps for Buy Cryptocurrency in India. If you have any questions about anything covered here, please feel free to leave us a comment below!
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