Getting Started with Cryptocurrencies

The first step in cryptoworld is to set up accounts

Direct Purchase of Cryptocurrencies using Fiat(Bank Transfer or Credit/Debit Cards)

PocketBits: https://www.pocketbits.in
Pocketbits supports variety of virtual currencies like BTC, LTC, Dash, Neo, Monero and etc.

Zebpay: It only has a Mobile app and currently only supports BTC trades. Users can directly purchase/sell BTC. Withdrawal process is easy.

Unocoin: https://www.unocoin.com/#
Users can directly purchase BTC on Unocoin using bank transfer. It has Web as well as Mobile platform(both iOS and Android)

Coinbase (for non-Indians): https://www.coinbase.com/signup
One of the largest and high trading platform for purchasing BTC as well for doing trades.

CEX.IO (for all users): https://cex.io/#/modal/register
Supports purchasing of BTC, LTC, ETH and Ripple using Credit/Debits cards or Bank transfers. Users can also exchange already purchased currency within the system.
Sign up is fast however Bank/Card verification process takes a lot of time.
Note: Do not purchase from Home/Dashboard screen as it charges premium fees, purchase from Trades screen using USD value. Indian users can use Mastercards to make deposits in Cex.io account

Bitfinex: https://www.bitfinex.com/
Bitfinex was launched in 2012 and is the world’s largest exchange by volume for trading Bitcoin against the US Dollar. Ironically, it is available worldwide except for US customers.
Bitfinex is very intuitive to use and offers a number of advanced features (margin trading, margin funding, etc.). It also offers an extremely good iOS and Android application.

Ethx: https://ethx.in/
This is an Indian website for directly purchasing Ethereum. It has lower fees compared to other Indian websites.
Users can directly sell their ETH and get money back into their accounts. It also allows users to transfer purchased ETH to other exchanges or receive it from other exchanges.
It takes upto 2–3 days for KYC to get completed.

Koinex: https://koinex.in/
This is also an Indian website for directly purchasing Cryptocurrencies. Unlike Ethx, this website also allows users to directly purchase BTC, LTC, Ripple, BCH, IOTA and Golem. Users can directly sell their ETH and get money back into their accounts. It also allows users to transfer purchased cryptocurrencies to other exchanges or receive it from other exchanges.
It can take upto 2–3 days for account to be completed activated after submitting the KYC documents.

Exchanges for trading cryptocurrencies:
Not all coins can be directly purchased using the Fiat currencies. For trading cryptocurrencies, users can exchange BTC/ETH for getting other currencies

Binance: https://www.binance.com/?ref=10332990
Binance is one of the newest exchanges in the cryptocurrency ecosystem. It was launched in July 2017 and has gone from strength to strength ever since. It is available worldwide
Binance is very user friendly and extremely fast. It also offers both iOS and Android mobile applications. Mobile app has very interactive interface and is very easy to access. Just transfer your cryptocurrency to Binance and start trading.
No security breaches have been reported so far
Note: Using BNB tokens, users can save 50% on trading fees. For this you just need to buy atleast 1 bnb token and use it as fees.

Bittrex: https://bittrex.com/
Bittrex was founded in 2014 and its headquarters are located in Las Vegas. It offers over 190 cryptocurrencies for trading, making it one of the largest exchanges with regards to this. It is available worldwide (including US customers).
Bittrex sits in the middle of the pack with regards to user experience. It doesn’t excel in anything in particular but doesn’t lack in anything either. No security breaches have been reported so far

Bitfinex: https://www.bitfinex.com/
Bitfinex was launched in 2012 and is the world’s largest exchange by volume for trading Bitcoin against the US Dollar. Ironically, it is available worldwide except for US customers.

Liqui: https://liqui.io/
You can pair BTC with more than a dozen supported cryptocurrencies in Liqui. If you want to buy/sell Ethereum or one of the supported cryptocurrencies for Bitcoins then you might want to look into this.
What sets them apart from other exchange? You can invest your Bitcoin or Ethereum and earn 24% APR or 0.066% per day!
Yes, that is correct. You can open a savings account with Liqui.io and earn passive income! This is the main selling point of the team behind this interesting campaign.

Bitstamp: https://www.bitstamp.net/account/register/
Bitstamp is one of the oldest exchanges, having been established in 2011. It is available worldwide and boasts excellent customer support.
Bitstamp is relatively easy to use whilst also offering more advanced features via its Tradeview. A mobile application is available on both iOS and Android.
Bitstamp has a variety of coins on offer Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and Bitcoin Cash (BCH). It supports USD and EUR which can be used to purchase the coins previously listed, regardless of locale.
Note: Bitstamp has suffered one security breach in its 7 years of operation. On the 4th of January, 2015 it suffered a security breach in which 19,000 BTC were stolen which were worth $5.1 million at the time. No customer incurred any losses during this breach, with Bistamp taking the full loss on themselves. Bitstamp undergoes annual audits by one of the “big four”

EtherDelta: https://etherdelta.com
EtherDelta is a decentralized exchange (DEX) meaning that there is no party holding customers’ funds but trades happen automatically and directly peer-to-peer. In EtherDelta’s case, the funds are held in a smart contract (on the Ethereum network) which you are solely responsible for depositing and withdrawing from. EtherDelta only supports ETH and Ethereum-based(ERC20) tokens.
Deposits and withdrawals can only be made using ETH or any ERC20 token. Does not provide great user experience.

Kraken: https://www.kraken.com/
Kraken is another exchange to have stood the test of time, having been founded in 2011. It is based in San Fransisco and is the biggest exchange in terms of volume and liquidity for EUR trading pairs. It is available worldwide (including the US)
Kraken is not the most user friendly exchange out there, one of the reasons being that there is no price chart on the trading screen.
Kraken offers a vast amount of coins, including, BTH, BCH, ETH, LTC, Monero (XMR), Augur (REP) and many more. It also supports a number of FIAT currencies including USD, EUR, GBP, CAD and JPY. Kraken’s deposit/withdrawal methods include bank transfers and cryptocurrencies.
Its deposit fees and withdrawal fees are inline with the rest of the market.

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