Here Are The 5 Best Apps To Buy Cryptocurrency
Cryptocurrency has started gaining traction again with Bitcoin reaching its all-time high and Elon Musk promoting Dogecoin on Twitter. The pandemic has resulted in people working from home for long periods and other interests have certainly been raised including cryptocurrency.
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 5 best apps to buy cryptocurrency in India.
1. High-level security
As bitcoin and other forms of cryptocurrencies are difficult to trace, the app must have security to keep your funds safe. Once you have done the transaction, it is virtually impossible to cancel or get your money back. Due to the decentralized nature of blockchain, it is almost impossible to trace who owns the wallet.
An unauthorized transaction from your exchange can go down anywhere; there’s no way to tell who’s responsible. This makes cryptocurrency a perfect weapon for criminals, scammers, and hackers. And always remember to enable two-factor authentication and email authentication to provide an extra layer of security.
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. Etherium, another popular cryptocurrency, has reached the price of Rs. 1 lakh, and that is 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 price of currencies.
Whichever app you download, look for real-time data and information; this ensures that you are not using any outdated information in trading and investing decisions.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.
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 or not as tracking them is impossible. Many countries have banned the use of cryptocurrencies, while others have instituted limitations on the type of cryptocurrencies that can be bought or sold. So before you download the app and get started, double-check whether cryptocurrency is legal or not.
Best Apps to Buy Cryptocurrency in India
1. WazirX – Bitcoin, Crypto Trading Exchange India
WazirX is the most famous crypto trading app in India. It rose to fame after Binance acquired WazirX and made 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 also has advanced features like TradingView, chart trading, and Stop-Limit orders. And it recently got updated with P2P transactions too. The app is available for both Android and iOS.
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 to use and has a simple design that is well suited for beginners. You can buy and sell your crypto as well as view your trading history and crypto holdings. Functions like stop-limit, market order, and limit orders are available for more experienced traders.
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 cryptocurrency trading app in India. ZebPay started off as an initiative to help India invest in Bitcoin and another crypto. ZebPay app comes with an intuitive design for Android which is clutter-free and the ease of usage is good which makes it a good crypto trading for seasoned traders or beginners.
All you have to do is download the app, register with your phone number, and finish the KYC process to add funds into your account and start investing in your preferred cryptocurrency. You can also get a Pro membership to gain access to premium charting tools on a web interface, where you can also 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 cryptocurrency investing app 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 app allows you to invest with as little as Rs. 100. However, if you want to invest more than Rs. 10,000, you will need to complete their KYC process and get approved. Developed by CoinDCX Official, the app is available both for Android and iOS.
5. CoinSwitch: Bitcoin, Crypto Trading Exchange India
CoinSwitch Kuber is yet another user-friendly crypto exchange platform in India. 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. In order to start trading, there is a smart KYC process, and upon approval, you can trade with more fund limits. The 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 to have prompt customer support.