Top 6 Crypto Trading Apps in India — Best Exchanges 2022
How to buy Bitcoin India using a Mobile App
Some of India's best apps to buy bitcoin are WazirX, Bitbns, and CoinDCX. Furthermore, this article will provide you with all the necessary information to choose the best platform according to your requirements.
- A bitcoin exchange app allows you to trade on the go.
- Many apps on the play store and apple store provide this service.
- WazirX is the most popular bitcoin trading app in India and provides almost all methods to deposit. (Referral Code — ad4e888q)
- Bitbns exchange offers a simple user interface and allows to use of credit cards through the Mobikwik wallet. (Referral Code — 64358)
- CoinDCX is the most versatile app with the best referral program offering you up to 25 USDT per signup through this link. (Referral Code — 70297373)
Binance (Not Indian) but has all the coins and also saves you a lot of money in trading fees. (Referral Id — UARTH1S1 )
Check the complete table with app links here
What is a bitcoin exchange app?
An application that provides you to buy, sell, and trade bitcoin in India through your phone is called the bitcoin exchange app. They free you from the hustle and bustle of carrying a laptop everywhere and make crypto trading remote.
You can trade on the go using a mobile app, or even as a beginner, you can start investing in bitcoin using an app. The simple and interactive user interface can be available in many apps, but let’s look at the best apps.
6 Best bitcoin exchange apps in India
Many platforms have recently started providing their services through mobile applications, and it can be challenging to know the best one for you. Hence, we have curated a list of the top seven apps for your help.
CoinDCX provides the highest liquidity in India and gives you an option to trade in 200+ coins. You can complete the signup procedure in seconds by entering the OTP sent on your mobile and mail.
CoinDCX crypto exchange platform can be considered the most versatile platform. They even teach the basics of investing on the settings tab. Moreover, you can also earn passive income through CoinDCX referral program.
Using CoinDCX, you can Buy Bitcoin in India.
Is CoinDCX Safe?
Yes, CoinDCX is safe to use as the first layer of security CoinDCX provides is through the Google authenticator app. They allow you to use a device for investing only after verifying it. You need to set up a different withdrawal password to confirm for every withdrawal you process.
The app also provides you an option to unlock it through your fingerprint.
CoinDCX charges you a 0.1% maker and taker fee. The minimum withdrawal limit is INR 1000, and there is no fee on it. The Spot and Margin trading fee at CoinDCX depends on your trading volume. It can be classified into tiers as shown in the table below:
CoinDCX payment method
DCXinsta helps you buy or sell a cryptocurrency in INR. You can deposit INR through UPI, NEFT, IMPS, RTGS, and bank transfer.
CoinDCX — Pros and cons
Through the WazirX exchange, you can invest in a wide range of crypto assets using INR, USDT, BTC, and even WRX (the platform’s native token). Furthermore, the platform hosts various contests and airdrops; you can keep track of those through the homepage. On the settings page, you can also invite your friends and earn through WazirX referral.
Moreover, WazirX also has its coin known as WRX, and you can use INR to buy WRX and then use WRX to invest in many other crypto assets. To learn more, read the WazirX review.
Is WazirX Safe?
Yes, WazirX is safe to use as it stores almost all of your assets in cold storage and keeps only a small fraction in Hot wallets. You can increase your security by activating Two-factor authentication and App Passcode from the settings. Further, the platform notifies you through notifications of the successful execution of your orders.
Finally, WazirX has been acquired by the biggest crypto exchange in the world, Binance, providing it with an additional layer of trust.
WazirX charges a 0.2% taker and maker fee apart from the transaction fee. However, the app offers a feature called ‘Pay trading Fee with WRX.’ On enabling it from the fee setting, you can pay the transaction fee with WRX and enroll in a 50% discount on the trading fee.
WazirX Deposits/ Withdrawals
Due to high uncertainty in the Indian market, the platform frequently faces deposit issues and has to change its deposit methods. As of 22nd September 2021, you can deposit INR in your WazirX wallet you can deposit using Net banking with a minimum deposit amount of INR100 and a fee of INR 24. Further, you can use MobiKwik for deposits and pay fees as applicable on the payments gateway. You can also use the WazirX P2P, for free USDT deposits. To learn more, read our guide on WazirX P2P.
For withdrawal, you can make an instant withdrawal’ with a fee of 10 INR and a limit of 2 lakhs per transaction. You can also use NEFT with a fee of 5 INR and a limit of 10 lakhs per transaction.
WazirX: Pros and cons
Bitbns is an Indian crypto exchange platform to keep things simple, attractive, and secure. The app offers margin trading, pool sales, and, often, crypto drops. The app also offers a Fixed Income Plan, which assures you of investment returns in cryptocurrencies. The platform has its own hardware wallet you can get from the official website. Furthermore, the platform will soon launch its options trading and has already launched the testnet. The bitbns login process is also quite simple. To learn more, read Bitbns review.
Is Bitbns Safe?
Yes, Bitbns is safe to use and they use cold storage to store most of your assets. Furthermore, the app has two-factor authentication and a Google authenticator for the personal security of the wallet. You can also buy the Bitbns wallet and securely store your funds. Moreover, if you have any queries regarding the platform, you can contact at Bitbns customer support and raise a ticket.
Bitbns has a flat 0.25% trading fee, which is one of the highest in the market. Furthermore, the platform charges a 1.77% fee on depositing Mobikwik. For withdrawals, they charge a fee based on the following slab:
The trading fee depends on your trading volume and can vary over time.
Bitbns — Accepted payment method
Bitbns provides you an option to deposit through MobiKwik wallet. You can use your credit card at Mobikwik and then use Mobikwik to pay here. The app also allows you to pay through IMPS, NEFT, Bank transfer, USDT P2P, UPI, and bank P2P.
Bitbns — Pros and cons
The Unocoin India app has a straightforward user interface while supporting multi-crypto assets. The Unocoin app provides an auto-sell feature in the profile tab, which helps its users schedule an asset’s sale. You can begin investing through the app by simply creating an account and then completing your KYC.
Use Unocoin referral code U-305402 to get a discount on the trading fee.
Is Unocoin Safe?
Yes, Unocoin is safe to use as the application provides you with Two-factor authentication. You can also set a digit pin and fingerprint authentication to login into the app. Whenever you enter a wrong pin or your fingerprint isn’t matching with records, the app logs you out.
You can reach the support team through the app settings, via call, email, or even chat with their bot.
Unocoin charges a buy/sell fee of 0.7% for minimum usage of 60 days. After that, they charge a fee of 0.5%, upgrading you to ‘Gold Membership. Unocoin doesn’t charge any maker or taker fee.
However, the platform charges for making a deposit are as below.
Unocoin payment method
You can deposit through NEFT, RTGS, IMPS, and UPI without any transaction charges. You can also use MobiKwik wallet, with a transaction fee of 2%, and debit or credit cards with a certain fee.
The minimum deposit amount is INR 1000; however, the maximum deposit amount is INR 1,50,00,000.
Use Unocoin referral code U-305402 to get a discount on the trading fee.
Unocoin — Pros and cons
ZebPay India loves calling itself the “Bitcoin Ki Dukaan” and has been providing crypto investment services since 2015. You can signup through your mobile number and complete their ‘quick KYC’ to start crypto trading.
ZebPay has a refer and earn feature, where you get paid 50% of the trading fees on new signups through your links for a year.
When you trade with ZebPay, 98% of your assets are in cold storage. ZebPay uses a technology called Omnitrixx, which secures all the transactions between hot and cold wallets by a multi-chain security system.
The ZebPay app has a four-digit pin for account safety, and you can also use your fingerprint to access the app.
ZebPay charges a membership fee of 0.0001 BTC per month. However, you can avoid this membership fee by being an active investor.
The platform charges you a 0.15% maker fee and a 0.25% taker fee. ZebPay reduces your trading fee to 0.10% if your order entry and exit happen on the same day.
All crypto deposits at ZebPay are free. However, there is a deposit fee of INR 15 on UPI and 1.77% on Net Banking. There is an INR 10 fee for all the fiat withdrawals and a 0.0006 BTC per BTC withdrawal.
On making a trade over INR 10 lakhs, ZebPay provides you a VIP fee tier.
ZebPay — Accepted payment method
You can deposit INR through IMPS, RTGS, NEFT, UPI, bank transfer, and Net Banking. There is a minimum deposit amount of INR 100 through UPI and INR 1000 from any other source stated.
ZebPay — Pros and cons
6. CoinSwitch Kuber
CoinSwitch app has a simple signup process, and you can directly create an account by providing your phone number. However, to begin crypto trading, you need to complete your KYC.
The app is backed up by SEQUOIA, Ribbit Capital, and Paradigm, one of the biggest crypto names.
Here you can trade with 100+ cryptocurrencies at the best rate and with a wide range of payment options.
CoinSwitch website and app don’t provide much information about the security offered. Hence the safety of your asset and your personal information is highly questionable.
However, the app does provide a pin code to maintain personal security.
The company came up with an offer for the first 100k users during the pre-launch of CoinSwitch Kuber. They will be paying no trading fee for 100 days.
CoinSwitch payment method
They accept cryptocurrency deposits and payments in INR through NEFT, bank transfer, and UPI.
CoinSwitch — Pros and cons
How to Buy Bitcoin in India - Conclusion
In conclusion, the app with a proper balance of security, the fee charged, and the services it provides can be considered as the best app to invest in crypto. According to us, WazirX and CoinDCX provide an efficient mobile interface and can be your choice to begin crypto trading on the go. You can also give it a shot to ZebPay and Bitbns.
Frequently Asked Questions
Which app is best for Bitcoin in India?
WazirX crypto exchange platform can be considered your go-to app for Bitcoin. It has a clean and straightforward user interface with many cryptocurrencies. However, you can also go for CoinDCX, as it is one of the major competitors of WazirX.
How can I get free Bitcoins fast?
You can earn bitcoin by completing odd tasks online, and some survey companies also pay to complete their surveys. You can also help crypto exchanges find loopholes in their platforms, which they pay you in Bitcoin.
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