Hi everyone, What’s up! Hope you guys are doing fine.
In this article ( 4 Best WazirX Alternatives & Competitors For The Indian 🇮🇳 Crypto Users ), I will talk about the best Cryptocurrency Exchanges in India to invest in Bitcoin, Ethereum, and any other cryptocurrency of your choice. I’ll compare the four leading cryptocurrency apps in India – Zebpay, Coinswitch Kuber, Binance, and CoinDCX; and I’ll discuss all the factors you need to consider before selecting any of the platforms. So, if you want to invest in Cryptocurrency and are confused on which platform you should start investing, then make sure to go through up and down, grasping all factors I discuss here today on the best Wazirx alternatives.
In my previous blog post, I discussed What is Cryptocurrency, The History of Bitcoin & Blockchain technology, and Whether or not you should invest in Bitcoin. So make sure you go and look into it if you are a total newbie in this field.
Let’s start with the most common Cryptocurrency Exchange in India & the best WazirX alternatives, which can beat WazirX (The most popular Indian exchange ) performance, security, fees structure, support, and much more!
Table of Contents
CoinDCX is widely best wazirx alternatives regarded as the most flexible crypto asset trading app in the country. Let’s talk about the leading cryptocurrency platform in India, CoinDCX. CoinDCX is one of the largest and the simplest Indian Cryptocurrency Exchanges, which draws liquidity from other exchanges, including Binance. It enables you to buy and sell in over 200 different international trade currencies. Additionally, the entire setup process has been streamlined by using a one-time password (OTP) given to your registered cellphone number and email address.
By accessing the app’s Settings section, you may learn a great deal about investing in cryptocurrencies and how they function in the virtual world. CoinDCX charges a 0.1 percent maker and taker fee and offers a free minimum withdrawal limit of Rs 1,000. Also, To facilitate cryptocurrency trading, this cryptocurrency exchange program supports just INR. The account may be financed using NEFT, IMPS, Wire transfer, UPI, or simply a simple bank transfer.
CoinDCX has a robust set of security protections, which is a plus. However, to begin, users must authenticate the app by verifying their identity using Google. Because otherwise, you will be unable to trade using the app. Additionally, you will need to generate a withdrawal password that must be authenticated for each withdrawal. For more information on CoinDCX Exchange, we have made a sole article that explains every feature, advantage, and disadvantage in 7 minutes of reading time! Don’t forget to grab this article ( CoinDCX review )
You may be familiar with Zebpay, another bitcoin exchange program. It is one of the earliest available cryptocurrency trading applications. To begin trading, you may sign up and complete your KYC using your cell phone. Additionally, the site supports refer-and-earn. Therefore, if you can convince individuals to join Zebpay by marketing the concept of cryptocurrency trading, you will earn 50% of the trading fees earned by your contacts for a year. UPI requires a minimum deposit of Rs 100, whereas other means of payment require a minimum deposit of Rs 1,000.
Zebpay imposes fees across the board. It charges 0.0001 BTC each month for the subscription. According to the app, you may minimize expenses by investing actively in it. Zebpay charges a maker fee of 0.15 percent and a taker fee of 0.25 percent. However, if you trade (buy and sell) on the same day, the trading cost is reduced to 0.10 percent. Zebpay accepts deposits of any cryptocurrency for free. However, there is a fee of Rs 15 for UPI deposits and 1.77 percent for net banking deposits. The service charges Rs 10 for all withdrawals; Bitcoin withdrawals are charged at 0.0005 BTC.
In my opinion, Zebpay and CoinDCX stand on the same level if we talk about and compare them regarding the 4 Best WazirX Alternatives!
Coming to the next leading in our list of 4 Best WazirX Alternatives, Binance. Binance is the world’s largest cryptocurrency exchange, with over 240 coins supported. Moreover, it offers one of the most competitive rates around!
Binance also has its coin, called Binance Coin, which can be used to trade in cryptocurrencies and pay for fees on Binance. Binance Coin is one of the most popular cryptocurrencies of today’s date. It offers its users Spot Trading & Margin Trading facility and a Peer to Peer (P2P) trading service. With margin trading, users can trade with leverage of up to 10 times on some coins. It also allows trading in Futures and Derivatives.
Using Binance Savings, you can also earn a return on your idle funds, the same way you would have made interest from your Savings Bank Account. The trading fee on Binance is 0.1% for both maker and taker. The minimum withdrawal amount for Bitcoin is 0.00111BTC, and the withdrawal fee is 0.00057 BTC, which comes to 1500 rupees approximately.
4) Coinswitch Kuber
Now, let’s talk about Coinswitch Kuber! Our Last but not the last competitor on 4 Best WazirX Alternatives! Coinswitch Kuber works as a global aggregator for cryptocurrency exchanges. It supports over a hundred cryptocurrencies. The interface of Coinswitch is very easy to
access, seamless and fast. It can be operated by both expert traders as well as people who are completely new to cryptocurrencies. The customer service of Coinswitch is also very supportive and responsive. Another benefit of using Coinswitch is that the trading fees are very economical.
Coinswitch charges no fees for deposits or withdrawals. Bitcoin withdrawals require a minimum of 0.001 BTC. The main issue that consumers appear to have with Coinswitch is that the prices of the currencies offered on the platform are constantly higher than on other cryptocurrency exchanges. The spread between the purchase and sell prices is also the largest on Coinswitch at the moment.
My Verdict on 4 Best WazirX Alternatives:
All exchanges are good at some point, where others are beaten in different performances and features! If you want some assistance with investing in Cryptocurrency and don’t mind sharing a part of your profits with experienced traders, you can go with WazirX. Also, the charges on WazirX are minimal. I would recommend using Binance only if you are a professional crypto trader. That is it for this video. I hope you guys found this article on ( 4 Best WazirX Alternatives & Competitors for The Indian 🇮🇳 Crypto Users ) useful. In addition, don’t forget $GARI Token: First-Ever Social Crypto Token In India 2021 to have in your read-list!
I’ll see you guys in the next article only on CryptoCurrencySimple.com ; till then, KEEP CRUSHING KEEP TRADING!!!