CoinSwitch is a non-custodial exchange, an important aspect that boosts its safety credentials.
After a mostly forgettable 2023, cryptos have a spring in their step, thanks to recent positive developments. The approval of spot Bitcoin ETFs in the US, the Ethereum Dencun upgrade, and the upcoming Bitcoin Halving in April have significantly boosted the crypto market. Bitcoin is scaling new heights daily, lifting other cryptos in its wake. Retail investors who form the backbone of the Indian crypto market are understandably upbeat, while those who missed the crypto bus are scrambling to find the best crypto app in India. Luckily, it is a problem of plenty as they can choose from CoinSwitch, WazirX, UnoCoin, and BitBNS.
More importantly, analysts predict that the ongoing crypto rally might be the harbinger of a big crypto bull run. That said, selecting the crypto to trade is entirely up to you. You can start your crypto trading and investment journey by registering on crypto apps like CoinSwitch, which is now India’s largest crypto app serving over 2 crore customers.
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How to Buy Bitcoin in India
Here is a step-by-step process to help you make your Bitcoin purchase in India:
- Find a trusted, secure crypto trading platform operational in India
- Register on the platform to create an account
- Initiate KYC
- Link your preferred payment gateway such as Net Banking, NEFT, UPI, etc
- Place order for Bitcoin
While buying Bitcoin or any other cryptocurrency is simple, selecting the best crypto exchange operational in India may stress you out. But don’t worry, we have your back. We bring you a curated list of India's top 5 crypto apps.
Top 5 Crypto Apps in India
CoinSwitch
Some of you might have heard of CoinSwitch. On many counts, it is deemed the best cryptocurrency trading app available in India.
CoinSwitch has emerged as a customer favorite. It distinguishes itself from the other Indian exchanges by aggregating liquidity from several leading Indian and foreign exchanges. Thus, CoinSwitch users get the best rates when they buy or sell cryptos.
CoinSwitch is a non-custodial exchange, an important aspect that boosts its safety credentials. Unlike competitors that provide wallets and act as custodians of user money, CoinSwitch doesn’t provide for storage of funds on its platform. The lack of a wallet address protects users from hackers. Additionally, the CoinSwitch app uses blockchain intelligence tools and implements a mandatory Know Your Customer (KYC) process to enhance security.
Consider CoinSwitch if you want a safe, trustworthy crypto trading platform in India. The best part about CoinSwitch is that it supports multiple payment modes, making it convenient for users to buy their desired crypto for as little as Rs. 100.
WazirX
WazirX, a crypto platform founded in 2018, is trusted by 15 million users in India. The platform has listed over 300 cryptos and offers robust liquidity to traders and investors. WazirX simplifies crypto buying and provides advanced tools to track the profits and losses incurred in your portfolio, making It a popular choice for Indian crypto investors.
UnoCoin
Launched in 2013, UnoCoin has been around for a decade, making it India’s oldest crypto exchange. Popular among traders as a specialized platform for Bitcoin trading, the platform has stood firmly in the crypto market despite the launch of many new crypto exchanges.
UnoCoin is one of the oldest crypto exchanges in India. It offers crypto trading and investment services and has over 2.44 million customers.
BitBNS
BitBNS is an up-and-coming Indian crypto exchange with over 4 million users. Its platform offers more than 526 digital assets. One thing that sets BitBNS apart is the depth and range of services provided. BitBNS, founded in 2017, offers innovative services such as crypto fixed deposits and crypto derivates.
ZebPay
ZebPay, which has 5.5 million users on its platform, offers services such as crypto trading and investments. The exchange follows robust security protocols, and 98% of funds are stored in multi-sig cold wallets.
Conclusion
With Bitcoin, Ethereum, and the global crypto market gaining, this may be an opportune time to make your first crypto investment. If you have decided to make a crypto investment, we have listed some of the best Indian crypto exchanges for you to choose from. Register with any crypto exchange, complete your KYC, and link your bank account. You are all set to place your first crypto order.
“Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.”
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