Cryptocurrencies have gained tremendous worldwide acclaim and can be seen used across many sectors. Not only are they an alternative to traditional banking but they are also an efficient means of saving value; conveniently stored within digital wallets.
While Indian investors appear unfazed by government proposals to restrict private cryptocurrencies, their continued acquisition is illustrated by data from WazirX Exchange which saw daily sign ups increase significantly during 2021.
Unocoin
Unocoin is one of the leading cryptocurrency exchanges in India and has long been serving users there. It provides several features and benefits, including low trading fees, high volume trading volumes and a secure wallet. Furthermore, their customer support team is available around-the-clock to answer queries or assist users in solving issues; their company takes privacy seriously by not selling user data to third parties.
Cryptocurrency Exchange Association of India recognizes this company, demonstrating that they adhere to industry standards. To use their service, however, you need a verified bank account; verification can be achieved quickly by providing ID proof, address proof and photographs of both the person holding your bank account as well as yourself for identification purposes. Once verified, users can deposit and withdraw funds using the website.
To use our service, you must accept the terms and conditions set by our company. This agreement includes your obligation to indemnify it against any action, cost, claim, loss proceeding or expense caused by you in breaching these terms and conditions. It also prohibits you from offering products, services or discounts that violate laws as well as ensure you have valid email and mobile phone addresses as well.
Be mindful of the regulatory and financial risks involved with investing in crypto assets. Unocoin’s services are only offered to persons residing in jurisdictions that permit crypto asset transactions and trading; should you breach this Agreement and avail yourself of its services in any Prohibited Jurisdiction, all fees paid will be forfeited back to Unocoin as penalties.
Unocoin’s platform provides its users with numerous features, such as low trading and withdrawal fees – its transaction fee for crypto buy/sell transactions is only 0.5%! Furthermore, gold membership gives access to higher daily transaction limits, paper wallet support with Netki, an offline blockchain ledger provider; as well as offering daily transaction limits of 100 transactions or higher!
WazirX
WazirX is an Indian cryptocurrency exchange offering a safe and secure platform for buying and selling cryptocurrencies. Deposits may be made using India’s national currency – rupee – while popular coins and tokens may also be supported. Deposit methods available include UPI, IMPS, RTGS and NEFT with transfer fees applicable when making deposits and withdrawals.
Nischal Shetty, an established tech entrepreneur and crypto enthusiast, established this exchange. Their focus is to offer their users an intuitive user-experience while offering them access to multiple cryptocurrency choices. Customer support is available 24/7 by phone, email and live chat.
WazirX requires users to undergo an easy KYC verification process which should take less than 10 minutes to complete, which includes providing selfie, proof of identity and address documents. Once this step has been taken care of, trading cryptocurrency on WazirX becomes available.
This app is compatible with both iOS and Android devices, enabling users to purchase, sell, trade and protect various cryptocurrencies. Furthermore, its security features help safeguard user data while various tools like charts and price alerts assist them with making informed trading decisions.
WazirX app stands out as an innovative cryptocurrency trading solution with the option to trade cryptocurrencies using India’s native rupee currency – making it easier for residents of the country to buy and sell cryptocurrency easily. Furthermore, its robust escrow system protects both parties from fraud.
WazirX allows its users to exchange USDT with INR for trading purposes. USDT serves as the cryptocurrency that powers P2P trading on WazirX, and this coin can be acquired either through its fiat gateway or directly deposited into an account. Once obtained, USDT can then be used on WazirX exchange to purchase other cryptocurrencies.
WazirX launched South Asia’s inaugural non-fungible token (NFT) marketplace in June 2019. NFTs are digital assets that can be traded on blockchain networks and tracked as unique virtual items; WazirX’s NFT marketplace promotes Indian digital innovators by giving them a way to sell artwork and intellectual property via NFT trading platforms such as its NFT marketplace.
Bitstamp
Bitstamp is one of the oldest cryptocurrency exchanges in Europe and a key player in global crypto markets. Offering an intuitive user interface and various security measures that protect user accounts and assets, Bitstamp makes an excellent starting point for beginners who are just getting started in cryptocurrency trading and don’t wish to deal with complex technology or tools.
Bitstamp makes opening an account quick and simple, with trading being up and running in mere minutes after registration. Once registered, you’ll be asked for personal data as well as creating a password; multi-factor authentication apps like Google Authenticator will then help meet Know Your Customer (KYC) requirements; once completed these steps your account will be reviewed for approval within days.
Bitstamp offers another benefit in that users can make instant deposits and withdrawals of funds, using various payment methods including SEPA/ACH bank transfers, credit cards and wire transfers. Furthermore, its comprehensive FAQ page and exceptional phone support make finding assistance much simpler for its users.
Bitstamp stands out from its peers with its relatively low fee structure; charging just 0.25% for transactions under $20,000. Furthermore, discounts are given to traders trading large volumes on its platform while two-factor authentication and address whitelisting ensure security of user assets.
This company also provides educational resources and articles tailored towards newcomers to the cryptocurrency world, including blog posts that explore everything from technical analysis to investing and trading strategies. These articles written by industry professionals give readers an understanding of current state of the market.
Bitstamp offers an intuitive website experience and boasts unrivalled security measures, storing digital assets offline in cold storage for user safety and working hard to prevent hacking attempts.
Coinbase
Coinbase is a leading cryptocurrency company that allows individuals to easily buy, sell and store coins and cryptos. It provides numerous features and benefits, such as exchange services, wallet services and an API with extensive documentation. Furthermore, its security practices are among the best in the industry while its user-friendly interface makes it accessible even for beginners. Coinbase supports numerous payment methods ranging from bank ACH transfers and debit cards as well as various forms of cryptocurrency payment methods like Ethereum (ETH).
Coinbase not only allows its users to buy and sell cryptocurrency, but it also rewards users with small amounts of crypto for performing educational tasks related to digital assets, such as watching videos or taking quizzes about them – this reward can then be used towards purchasing more digital assets or exchanging for another currency.
