Researchers have found cryptocurrency exchanges worldwide where investors’ money is considered the safest.BrokerChooser did a lot of research to determine which cryptocurrency exchanges are the safest for investors. They gave each crypto exchange a score based on several factors: regulation, consumer protection, market fairness, and transparency.
Where in India is the best place to buy and sell cryptocurrency?
- Capital
Capital users can trade cryptocurrencies for free, like stocks, commodities, currencies, market indices, exchange-traded funds (ETFs), and more. It works with over 100 different cryptocurrencies, and users can trade them with a 2x leverage.
Both the desktop platform and the mobile app for Capital are well-made and easy to use, so traders of all levels can use them. Capital’s customer service gets such high marks because each user has a personal account manager who they can call or email anytime.
- Pepperstone
Pepperstone is an Australian CFD trading platform and brokerage. It is licensed and regulated by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, and the Dubai Financial Services Authority (DFSA) in the United Arab Emirates.
Pepperstone is a place where you can invest, and it has everything you need. People who trade in cryptocurrencies from all over the world use it. It gives you direct access to CFDs on indices, cryptocurrencies, ETFs, stocks, and foreign exchange, among other things.
- WazirX
WazirX was started by three close friends who wanted to make it easier for regular people to invest in digital currencies. They currently support more than 50 different types of cryptocurrency, and their main office is in Bangalore.
The commission for trading cryptocurrencies on WazirX is only 0.10%. Don’t be fooled by the low number. Since their spreads are much higher than Capital’s, it will cost you a lot more to buy cryptocurrency through WazirX than through Capital.
- CoinSwitch
Since long ago, CoinSwitch has been an essential part of the Indian cryptocurrency market.
Neither Capital nor CoinSwitch charges any fees when you trade cryptocurrencies. Because it is a non-custodial exchange, it does not hold any of its users’ money or cryptocurrency.
- BuyUcoin
Three Indian business owners came up with the idea for BuyUcoin, which has been in business since 2016. On BuyUcoin, you can buy and sell Bitcoin and other digital currencies. They also have wallet services that let you store your bitcoins on their platform. Many India believes their country is one of the safest places to trade cryptocurrencies.
Using the Salting method, BuyUcoin ensures that users can’t access the data by encrypting their passwords. Users can’t see the data because of this. They keep 95% of their money in “cold storage,” which is a place where things don’t change much. They also have a mobile app and a service for two-factor authentication. The Bitcoin official trading platform is a must-see if you’re just starting out in the world of crypto trading and investing.
What to look for in a good place to trade cryptocurrency in India
There are a few things to remember when looking for the best cryptocurrency exchanges in India.
- Accepted currencies: You can trade many coins at the most trustworthy cryptocurrency exchanges. This lets traders make more money by investing in a wide range of digital assets.
- User interface: A trading interface that is simple, easy to understand, and easy to use is very important, especially for new traders. If you’ve been investing in cryptocurrencies for a while, on the other hand, you might want to choose an exchange with more options.
- Fees: Using cryptocurrency exchange services will always cost you money. This is why it’s important to find exchanges with rates close to each other. If you do this, a big chunk of your income could go toward administrative costs.