About Crypto Currency Exchange App In 2022

Cryptocurrency Exchange Apps

Most people consider trading cryptocurrency exchange apps as a way of earning passive income. Others consider it as an alternative investment to other traditional forms of investments .The increase in popularity of cryptocurrencies has led to a significant rise in the number of cryptocurrency exchanges in India. Cryptocurrency exchanges simply act as a platform for buying and selling digital currencies and exchanging them for fiat currencies such as the Indian rupee (INR) or the U.S. dollar (USD). Speculative crypto traders are increasing by number daily given the popularity of crypto, with Bitcoin skyrocketing to above $63,000 in April 2021.The best crypto apps allow users to deposit fiat instantly and at low fees, deposit fiat in many payment methods, trade crypto at no or low fee, and withdraw crypto at no or low fees. Best crypto apps or exchanges also allow users to invest in other ways including mining, staking and have integrated custody for institutions.

Top Cryptocurrency Exchange Apps In 2022

The first thing to know about choosing a cryptocurrency exchange apps in India is that the exchange you choose matters. The choice you make will impact how profitable your trades are, how easily you can buy and sell crypto assets, and in some cases, whether you get your money back at all. In this article we will see the top  crypto trading apps in 2022, looking at all the key metrics you need to know before downloading a crypto app for your iPhone or Android device.

Capital

Capital allows users to trade crypto alongside stocks, commodities, forex, market indices, ETFs and more—all without any trading fees. It is licensed by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK, which means it’s a safe, secure platform. Every user receives a dedicated account manager they can reach by email or phone anytime, which is part of the reason of customer support team receives such positive reviews.

 Features:

• Zero trading commissions
• Tight spreads (0.1% – 0.3%)
• Supports 100+ cryptocurrencies
• Allows up to 500x leverage (2x leverage on crypto)
• Fully functional demo account for paper trading
• Free deposits and withdrawals via debit/credit cards, bank transfer, PayPal, Apple Pay, etc.
• Dedicated account manager you can reach at any time
• Excellent desktop trading platform
• Well-rated mobile app (4.7/5 on both Apple and Google)
• Licensed by the Australian Securities and Investments Commission (ASIC)
• ISO 27001 certified for meeting extremely high information security standards
• Trading fees: 0%
• Spreads: 0.1% – 0.3%
• Deposits & Withdrawals: Free
• Best for investors looking for the best overall crypto trading experience with no trading commissions.

The biggest drawback of Capital is that it can take several days to have your account verified since their verifications team is overwhelmed with signups right now. If you sign up using my referral link, though, you can skip the waitlist and start trading immediately.

Pepper stone

Pepper stone is an Australian brokerage and CFD trading platform licensed and regulated by the Australian Securities and Investments Commission (ASIC), the FCA in the UK, and the DFSA in the United Arab Emirates. With direct access to CFDs on indices and cryptocurrency exchange apps, ETFs, stocks, and forex, Pepper stone is an all-in-one investing platform used by crypto traders worldwide.

 Features:

• Zero trading commissions
• Tight spreads (around 0.0 – 1.2 pips)
• 24/7 customer support via phone and email
• Up to 10x leverage (depending on jurisdiction) on most crypto assets
• Access to Trading View’s advanced charting tools
• Supports 20+ crypto CFDs
• Free deposits and withdrawals
• Spread: From 0.0 – 1.2 pips
• Trading Fees: Low
• Deposit Fees: Free
• Withdrawal Fees: Free
• Best for experienced investors looking for low fees and access to charting tools.

The drawback of this is US & Canadian investors cannot use Pepper stone.

WazirX

WazirX was founded by three friends with the goal of simplifying cryptocurrency exchange apps investing for the masses. They’re based in Bangalore, and currently support 50+ cryptocurrencies. Most crypto exchanges require users to trade every altcoin first with a stablecoin (e.g. Dogecoin with Bitcoin, and then Bitcoin with Shiba Innu), but WazirX allows users to trade altcoins directly (e.g. Dogecoin with Shiba Innu), minimizing fees and boosting your profits. And you’re buying real crypto with WazirX, which means you can move it on and off the platform whenever you want.

Features:

• Supports 50+ cryptocurrencies
• Lowest trading fees in the industry (just 0.10% per trade)
• Account verification in 2-4 hours
• Start with as little as ₹100
• Trade all altcoins directly
• Immediate deposits and withdrawals
• User-friendly for both beginners and advanced traders
• Extremely tight security policies keep your digital assets extra secure
• 24/7 customer support available via live chat
• Trading Fees: 0.10%
• Best for investors looking to trade stablecoin and altcoins with the industry’s lowest fees.

Don’t be misled by the low number, though: buying crypto with WazirX will actually cost you much more than it does with Capital, since their spreads aren’t nearly as low

CoinSwitch

CoinSwitch has been a mainstay in the Indian crypto market for a while now. It supports 80+ cryptocurrencies, prides itself on responding to customer support emails within 15 minutes, and has a well-rated mobile app. Like Capital, CoinSwitch doesn’t charge any crypto trading fees. That’s because it’s a non-custodial exchange, which means it doesn’t hold any crypto or user funds itself. Instead, CoinSwitch acts as a go-between that allows users to buy through other crypto exchanges easily and at excellent prices.

Features:

• Zero trading fees
• Easy to use for both beginners and advanced traders
• Start with as little as ₹100
• Supports 80+ cryptocurrencies
• Extremely fast customer support
• Powerful mobile app
• Never hold user crypto or funds
• Zero trading fees
• Best for investors looking to trade altcoins with a crypto exchange that never touches their funds.

 BuyUCoin

BuyUCoin is the product of three Indian minds, in operation since 2016. You may use BuyUCoin to trade Bitcoin and other cryptocurrencies. They also offer wallet services for storing or holding your Bitcoin there. And also they’re one of the most reputable crypto exchanges for crypto trading in India. Users’ passwords are encrypted using the Salting method by BuyUCoin, preventing them from accessing the data. They keep 95% of their funds in non-volatile cold storage.

Features:

• Supports 30+ cryptocurrencies
• Easy registration process
• Wide range of resources to help beginner traders
• Offers easy-to-use tools to aid you while crypto trading
• Offers advanced charting tools for more experienced traders
• Trading Fees: 0.24%
• Best for experienced traders seeking strong charting capabilities.

LocalBitcoins

LocalBitcoins takes a different approach than most of the others on this list: rather than trading with the broader market, you actually buy and sell with individual traders. It’s earned a loyal user base for its overall ease of use, and it’s one of the oldest cryptocurrency marketplaces around today. LocalBitcoins users do need to proceed with caution, though; it’s possible to get scammed by other users on the site, especially when selling Bitcoin for cash. One common scam, for example, is a buyer who pays you via PayPal and then files a PayPal dispute once they’ve received your Bitcoin.

Features:

• Easy to use
• Very easy to start trading
• Low transaction fees
• Deposit Canadian dollars via bank transfer, INTERAC e-transfer, Money gram, Wise, PayPal, ATM deposit, and more
• Helpful customer support
• Trading fees: 0.00006 BTC (~$4 CAD) flat fee per transaction
• Depositing funds: Free
• Withdrawing funds: Free
• Best for investors looking to buy and sell Bitcoin quickly and easily.

CoinDCX

CoinDCX is a beginner-friendly Indian crypto exchange that supports 100+ cryptocurrencies. They maintain a 95% cold storage policy, which keeps your crypto safe and secure. Customer accounts are also insured by Bitgo, so you’ll be reimbursed for your losses if CoinDCX ever experiences a security breach.

To trade with CoinDCX, you must first deposit money in INR or a cryptocurrency. They accept bank transfers, net banking, NEFT/RTGS, IMPS, and UPI for payments. To withdraw your funds in INR, you have the option of sending a bank transfer directly.

Features:

• Supports 100+ cryptocurrencies
• Quick account verification
• 95% cold storage policy
• Trading fees: 0.10%
• Deposit fees: 0%
• Withdrawal fees: 0.001 BTC (~₹4,400) per BTC
• Best for investors looking to buy and hold cryptocurrencies for long periods.

Unocoin

Unocoin is one of India’s oldest cryptocurrency exchanges. They offer a device-independent crypto trading platform and have over a million users via their mobile app, which includes a hardware wallet. Most of the traders’ crypto assets are kept in cold storage vaults. In its lifetime, the computer that generates these Bitcoin addresses will never connect to the internet .In addition, Unocoin enables two-factor authentication and fingerprint protection for its mobile application. The trading platform charges a 0.7 percent fee on Bitcoin transactions, but it lowers to 0.5 percent once you’ve achieved gold membership status. Unocoin assesses a fee of 0.0005 BTC per Bitcoin (~₹2,200) when withdrawing funds.

Features:

• High trading fees
• High withdrawal fees
• India’s oldest crypto exchange
• Trading fees: 0.70%
• Deposit fees: 0%
• Withdrawal fees: 0.001 BTC (~₹4,400) per BTC
• Best for new investors looking for a starting point in cryptocurrencies.

Bitbns

Bitbns is one of India’s crypto exchanges with a more user-friendly design. It’s built with beginners in mind, as well as all of an investor’s needs. They provide a broad range of features and flexibility. You can complete the registration procedure in just two easy steps: fill out your information and get started trading cryptocurrencies. Bitbns uses cutting-edge security technologies to keep your money safe. And they also employs the most advanced Grade-A security feature, ensuring the security of all of your transactions. In addition, they have implemented two-factor authentication for data protection.

Features:

• Supports 10 cryptocurrencies
• Designed for beginners
• Instant deposits
• 95% cold storage policy
• Cost
• Trading Fees: 0.25%
• Best for beginner investors looking for a user-friendly cryptocurrency exchange.

Conclusion

Basically, Trading in digital currencies provides an alternative way of earning passive income at home. Most people trade crypto on their mobile apps as it allows them to trade on the go. Choosing the best Indian crypto exchange is far from straightforward, given how many are out there and all of the different features each of them offers. When choosing the best crypto trading app, look at the fees charged, spreads, support for deposit methods, and liquidity. Capital is the favorite among knowledgeable Indian crypto investors, both for its enterprise-grade security and zero trading fees. If you’re looking for a safe, cost-effective way to buy and sell crypto in India.

Also Read – Crypto Trading Cards – Definition, Risks, Crypto Credit Card, And More