Cryptocurrency exchange applications like Bitcoin Evolution are a pathway for reaching out to diverse digital currencies. They also provide a platform for purchasing/selling/exchanging cryptos in global marketplaces. Additionally, everything takes place in a decentralized environment.
Outlined below are the Indian preferences regarding these apps, in 2022.
Unocoin
It is important to complete the KYC (know your customer) form and open an account, before accessing the application.
The interface is customer-friendly. The app awards support for several digital currencies. The profile tab has an auto-sell/schedule sale feature in place. The app is perfectly safe to use, thanks to the biometric security aspects on hand. They include a passcode and finger ID.
The charges for purchases and sales of assets are 0.7%. The rate remains intact for 60 days. Thereafter, the fee becomes 0.5%. The user also becomes a gold member.
Unocoin insists that the minimum deposit be INR 1,000. However, if the deposit takes place via UPI, NEFT, IMPS, or RTGS, there are no transaction charges. Using credit/debit cards, or MobiKwik wallet invites transaction fees.
WazirX
The investor may use any currency, such as the U.S. dollar, Indian rupee, or Bitcoin. Even P2P (peer-to-peer) is permitted.
WRX is WazirX’s own coin. After purchasing it with INR, it proves useful for investing in other digital currencies.
The cryptocurrency exchange app provides information about diverse contests. By entering these contests, investors may earn various cryptos. It is possible to keep user accounts safe via the App passcode or 2FA. The app’s setting enables activating the security feature.
WazirX charges 0.2% for transactions. The fees may be submitted through the maker and taker. The WazirX wallet accepts INR 100 as the minimum deposit. If IMPS, NEFT, or RTGS are used, the transaction fee is 5.9. A UPI transaction is free.
CoinDCX
It is reputed for its versatility, as it is compatible with 200+ trading coins. Additionally, setting up everything is extremely easy. All that the user must do is to opt for an OTP (one-time-password). The OTP shows up on the user’s registered mobile number, as well as in the email ID.
The charges for transactions are 0.1% (maker and taker). The user may withdraw up to INR 1,000, free of charge. CoinDCX awards support only to the Indian rupee. Therefore, deposits may go through via a bank transfer, RTGS, NEFT, UPI, or IMPS.
A novice may utilize the settings icon on the app, for self-education. There is sufficient guidance for investing in cryptos and learning about their operations.
The security features are extensive indeed! The Google authenticate app serves to verify every investor. Unless this verification is complete, it is not possible to begin trading. Similarly, a withdrawal password must be present for use at every transaction.
Bitbns
The app is compatible with both, the iPhone, and Android smartphones. Over 100 trading coins are on the list, including the heavily popular, and the not-so-popular.
It is easy to trade on this app, for Bitbns is in partnership with OKEx, the global digital currency exchange. The global exchange’s purchase/sell tool allows Indian traders to purchase USDC, USDT, AAVE, LINK, and MATIC. The purchased currency is the Indian rupee. The modes of payment, include UPI, bank transfer, and IMPS.
The partnership also makes available an array of newer trading pairs, high-yield-staking products, a fiat gateway, and priority access to new token/coin launches.
Zebpay
It rates amongst the oldest trading apps in the crypto marketplace. Completion of KYC is important for opening an account.
Refer-and-earn is a unique feature of this app. Whoever signs up, becomes responsible for the user gaining 50% of the trading fees collected through the user’s links. These gains continue for a year.
Zebpay demands a minimum deposit of INR 100 if UPI comes into play. The charge is INR 15. Other modes of payment demand INR 1,000. The charge is 1.77% on Net banking.
A member must pay 0.0001 BTC every month. Active investments will help in avoiding this fee. The maker fee is 0.15%, while the taker charge is 0.25%. Then again, if a purchase and sale go through on the same day, the charge is 0.10%. Every type of withdrawal demands INR 10, as a fee. Withdrawal of Bitcoin leads to a 0.0006 BTC fee.
