Indian participation in the cryptocurrency frenzy has been going north for two straight years now. In the past year, cryptocurrencies have come into their own. In India, crypto investments have grown from $200 million to nearly $40 billion — a growth of over 200 times in the past year — according to data by Chainalysis. And, it’s not just Bitcoin leading the charge. Other cryptocurrencies like Ether, Matic, and Doge are also a part of the hype despite the Indian Government and the central bank treading caution.
Bitcoin Wallets are very similar to our mobile wallets where we store our money and do transactions from that. While in the Bitcoin wallet we hold bitcoins and other cryptocurrencies. A Bitcoin wallet is a software application that allows you to store and keep track of your Bitcoins.
Let us have a look at the top applications that let Indians use and buy bitcoins and other cryptocurrency:
WazirX is India’s most trusted Bitcoin & cryptocurrency Exchange. WazirX has been built by a team of hardcore traders and passionate blockchain believers. It is a part of the Binance group, which is the world’s largest crypto exchange, serving users in 180 countries.
WazirX’s P2P system simplifies the process of depositing and withdrawing fiat currency by auto-matching a buyer with a seller and ensuring safety and speed in trades. With WazirX you can Buy, Sell & Trade digital assets with amazing ease, confidence and trust. Whether you’re a first-time investor or a professional trader in cryptocurrency – WazirX has got you both covered!
DCX is a Singapore-based company that specializes in crypto-enabled financial services. DCX is bringing a revolution with its crypto-based products by developing borderless financial services that ensure a faster, simpler, and uninterrupted flow of capital. Launched on April 8th, 2018, CoinDCX is built with an aim to provide a user-friendly experience where users can access a wide range of financial products and services backed by industry-leading security processes and insurance protection.
They have the highest number of cryptos listed in India and give instant fiat to crypto conversions free of charge. CoinDCX also gives instant deposit and withdrawal facilities; they charge the lowest trading and crypto withdrawal fees. The wallet structure is versatile and provides the best fee structure in the industry.
In the business of cryptocurrency since the year 2014, ZebPay has achieved dizzying heights with over 3 million users and $2 Billion in fiat transactions. At ZebPay, they ensure battle-tested safety, beautiful designs which are clutter-free, security nets to make stress-free crypto-investments, and fee structures that will allow you to trade for free – all in the true spirit of Bitcoin. Concurrently, their business ethics, single-minded focus on security, and exceptional product delivery have ensured that they are poised to rise again. The exchange offers trade across six EUR-Crypto pairs and five crypto-crypto pairs across Bitcoin, Ether, Litecoin, Ripple, Bitcoin Cash, and EOS.
4. CoinSwitch Kuber
CoinSwitch Kuber is founded by a team from Amazon, Microsoft, and Zynga, and became the fastest growing crypto exchange in India hitting 4.5 million users in just under 11 months. It is an app-based cryptocurrency exchange platform exclusive to the Indian market for retail investors. For the Financial Year 2020-21, CoinSwitch Kuber reported $8 million in profits. CoinSwitch, the company behind the platform, has processed over $5 billion in cryptocurrency transactions. Available as a mobile application, it supports trade in 100+ cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, Dash, and others using Indian Rupees. This exchange lets you start trading with just Rs 100.
Unocoin is India’s leading Bitcoin & Cryptocurrency company. They make it easy to buy, sell, store, use & accept bitcoin securely in India and serve more than 1.5 million customers and have been serving their customers since 2013. It is known for its simple user interface and support for many cryptocurrencies. Unocoin users are charged a fee of 0.7 percent on buying and selling their assets. Unocoin also offers biometric security features via finger ID and passcode.
Unocoin has one mission – “Bringing bitcoin to the billions”.
Founded in July of 2016, BuyUcoin is a crypto wallet and exchange platform where merchants and consumers can transact with digital assets like bitcoin, ethereum, ripple, etc. The platform allows users to buy, sell, trade, and store multiple digital assets like Bitcoin, Ethereum, Ripple, Litecoin, Stellar among many others using advanced Instant Banking services like UPI, Mobile Wallet, IMPS, NEFT/RTGS, Debit/Credit Card. BuyUcoin applies best-in-industry Blockchain-based solutions for crypto transactions along with automatic KYC/AML features to ensure a secure and easy crypto trading experience.