Cryptocurrency is the money of the future, and as the digital world grows, the use of cryptocurrency is aimed to increase drastically. Everyone wants the best apps to buy cryptocurrency. These days, people are getting their hands on first-hand technology by using apps where they can buy Cryptocurrency. These intuitive apps don’t just help in quickly making a crypto trade but also help them invest their money to gain larger profits. We have compiled these best apps to buy cryptocurrency lists so you can up your crypto game and stay on top.
With so much buzz across the globe, India, too, is seeing a sudden surge in people investing in cryptocurrency, starting from the most popular Bitcoin to more than 100 other coins, including DogeCoin, Shiba Inu, and more. While searching for the best apps to invest in cryptocurrency, you might have come across several apps. Here, we have gathered the five best apps to buy cryptocurrency in India.
An unlawful transaction from your exchange may occur anywhere, and there’s no way to determine who is responsible for the marketing. Criminals, fraudsters, and hackers may use cryptocurrencies to their advantage due to this. However, this is a plus aspect as your information will be kept in the strictest of confidence. Only one thing to remember: be sure you set up two-factor authentication and email authentication to provide an additional layer of protection.
Also Read: Top 5 Apps to invest in Mutual Funds in India.
Key Features of Apps:
1. High-level security
As Bitcoin and other cryptocurrencies are difficult to trace, the app must have security to keep your funds safe. Once you have done the transaction, canceling or getting your money back is virtually impossible. In addition, due to the decentralised nature of blockchain, it is almost impossible to trace who owns the wallet.
Also read: Top 5 Smartphones To Mine Cryptocurrency In India.
2. Real-time data
Just six months ago, the price of Bitcoin was Rs. 6 lakh, and today, the value has almost quadrupled and reached Rs. 25 lakh. Ethereum, another popular cryptocurrency, has reached the price of Rs. 1 lakh just in one year. This is why you never know when the cryptocurrency market can skyrocket overnight, and the market is quite volatile. So, keeping a finger on the pulse of cryptocurrency markets means remaining up to date with real-time information on volumes and prices of currencies.
Whichever app you download, look for real-time data and information; this ensures you are not using outdated information in trading and investing decisions. Also, make sure that the exchange has enough trading volume so that you can buy and sell the coins easily without any delay. These apps to buy cryptocurrency can give you proper data to decide which cryptocurrency to invest in smartly.
3. Availability in your Country
Availability is not much of a concern if you’re just interested in learning about cryptocurrencies with news or tracker apps. If you are interested in buying or selling cryptocurrency, then you need to make sure that the app is available and trading cryptocurrencies is legal in your country.
It is a hot topic for discussion and debate whether bitcoins are legal, as tracking them is impossible. Many countries have banned cryptocurrencies, while others have instituted limitations on the type of cryptocurrencies that can be bought or sold. So, before downloading the app and getting started, double-check whether cryptocurrency is legal.
Best Apps to Buy Cryptocurrency in India
This section has compiled a list of the most OK cryptocurrency-buying applications with advanced security measures.
1. WazirX – Bitcoin, Crypto Trading Exchange India
WazirX is India’s most famous crypto trading app and might be the best app to buy cryptocurrency. It rose to fame after Binance acquired WazirX, making it perfect for simple spot trading. You can buy more than 100 cryptocurrencies with support for UPI deposits instantly. The app has an intuitive user interface that is easy to use.
You can deposit/withdraw funds instantly via UPI, IMPS, and P2P. WazirX has the highest liquidity for the Indian currency in India. They also give the highest referral commission of up to 20% without any limit. The app has advanced features like TradingView, chart trading, and Stop-Limit orders. And it recently got updated with P2P transactions, too. The cryptocurrency app is a good addition to buying any currency in India. The app is available for both Android and iOS.
2. Binance
Binance is one of the most popular crypto exchanges in the world and is the best app to buy cryptocurrencies in India. It is effortless and has a simple design well suited for beginners. You can buy and sell crypto and view your trading history and holdings. Functions like stop-limit, market order, and limit orders are available for more experienced traders.
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The app has a wide range of alternative cryptocurrencies available for trade and has recently introduced fiat capabilities that let you buy bitcoins with credit cards.
3. Zebpay Bitcoin and Cryptocurrency Exchange
ZebPay is one of the oldest apps to buy cryptocurrency trading in India. ZebPay started as an initiative to help India invest in Bitcoin and other crypto. ZebPay app has an intuitive design for Android, which is clutter-free, and the ease of usage is good, making it a good crypto trading for seasoned traders or beginners.
To buy cryptocurrency, you must download the app, register with your phone number, and finish the KYC process to add funds to your account and start investing in your preferred cryptocurrency. You can also get a Pro membership to access premium charting tools on a web interface, where you can manage everything on a single screen. ZebPay has been in the market since 2015 and has seen the rise of Bitcoin significantly. The app is available both for Android and iOS.
4. CoinDCX Go: Bitcoin, cryptocurrency investment app
CoinDCX Go is another app to buy cryptocurrency in India where you can invest in all the top cryptocurrencies in a limited manner so as to not lose much money in the highly volatile crypto market. The app comes with an interactive user interface to help beginners invest their money in the crypto market safely.
You can deposit and withdraw funds from the CoinDCX Go app safely and securely. The cryptocurrency app allows you to invest & buy with as little as Rs. 100. However, if you want to invest more than Rs. 10,000, you must complete the KYC process and get approved. Developed by CoinDCX Official, the app is available for Android and iOS.
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5. CoinSwitch: Bitcoin, Crypto Trading Exchange India
CoinSwitch Kuber is another user-friendly crypto exchange platform in India and a good app for buying cryptocurrency. With a simple app that is helpful for beginners, you can start your investment with as little as Rs. 100 in various cryptocurrencies, including Bitcoin, Ethereum, Ripple, and more. You can trade in over 100+ cryptocurrencies in this app.
CoinSwitch Kuber supports instant deposits and withdrawals from your bank account. To start trading, there is a smart KYC process, and upon approval, you can trade with more fund limits. The cryptocurrency app is flexible for newbies who are looking to invest in crypto as well as enthusiasts who are stuck to trading all day. CoinSwitch Kuber also claims prompt customer support and is the best app to buy cryptocurrency in India.
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6. Kraken
Kraken, one of the earliest Bitcoin exchanges, is a cryptocurrency trading platform offering support for more than 92 different digital currencies. Established in 2011 in San Francisco, the company boasts a global presence with customers from 185 countries. Kraken is accessible to both individual and institutional investors, offering competitive pricing.
Users can purchase, sell, and trade various cryptocurrencies on Kraken at reasonable exchange fees. Kraken is renowned for supporting spot trading, cryptocurrency futures, and real-time market rates. For newcomers to the cryptocurrency world, it is advisable to commence their journey on the primary Kraken platform. Meanwhile, experienced traders can opt for the Kraken Pro platform, which is more active, features lower fees, and provides advanced margin and futures trading capabilities.
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7. Crypto.com
Crypto.com is a cryptocurrency exchange that caters to the needs of traders and investors seeking access to an extensive array of digital currencies. It’s particularly favored by users who prefer conducting transactions on their mobile devices or other platforms.
With the Crypto.com app, users can purchase, sell, and trade more than 100 well-known cryptocurrencies at their actual market rates. Additionally, users can earn attractive interest rates on their cryptocurrency holdings. Furthermore, Crypto.com offers a Visa card designed for managing cryptocurrencies, providing the convenience of making payments using digital assets.
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8. Currency.com
Currency.com, established in 2019 and headquartered in Minsk, Belarus, is a cryptocurrency exchange that has gained recognition for its tokenised securities. These tokenised assets encompass a variety of cryptocurrencies such as Ethereum, Bitcoin, Litecoin, and more.
The exchange operates with two types of fees: platform fees and deposit/withdrawal fees. Platform fees encompass exchange fees, trading expenses, funding charges, and asset management costs. Regarding cryptocurrency trading fees on Currency.com, the taker fee is 0.075%, while the maker fee is -0.025%. Additionally, the exchange imposes a 0.2% fee for cryptocurrency exchanges, while funding fees are contingent on prevailing market rates.
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9. Bybit
Bybit stands out as a top cryptocurrency application in the Indian market. This user-friendly app caters to beginners and seasoned traders, providing services and features that enhance efficiency and expertise.
The cryptocurrency landscape has witnessed significant innovation and expansion in recent years, drawing the interest of individuals and investors worldwide. Consequently, the competition has intensified. Here are the key highlights of Bybit to assist you in determining if it suits your needs.
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10. Unocoin
Unocoin, established as the oldest cryptocurrency trading platform in India, debuted in 2013 and has handled over 11.7 million transactions. Unocoin stands out for its competitive gas fees and the provision of dynamic fees tailored for high-volume trading. Moreover, it grants users access to its trading API, enabling the automation of trades by creating trading bots utilising real-time market updates, offering an advantage over fellow traders.
Since its establishment in 2013, Unocoin has facilitated cryptocurrency trading and actively advocated for crypto rights in India. The registration process on Unocoin is swift, taking less than ten minutes and involving steps such as registration, adding bank details, and initiating trading. This streamlined system makes it an ideal choice for newcomers to the cryptocurrency ecosystem.
Also Read: A Beginners Guide To Crypto Trading
Verdict:
The Cryptocurrency market is not fragile in India; on the other hand, it’s ever-growing. There is speculation that the Reserve Bank of India might introduce its cryptocurrency in the coming future; till then, these best apps to buy cryptocurrency might bring down your craving for crypto trade. On the other hand, WazirX and CoinSwitch are reliable options if you’re looking for trading options in Cryptocurrency in India. What looks like a simple trading app can revolutionise the entire digital marketplace as the adoption of crypto increases over time.
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