Indian crypto industry and top 10 crypto trading apps in India 2023-24

It might be difficult to completely understand the concept of cryptocurrencies in many ways. This becomes much more clear if you are new to trading cryptocurrencies. Therefore, it is imperative that you select the best app where you can buy and sell digital assets like Bitcoin, Ethereum, Dogecoin, SHIB, and others. It's important to note that many cryptocurrency apps provide features like staking rewards, margin trading, crypto trading tools, and many other things.

Given how many there are and the variety of features each one offers, picking the best crypto trading app in India is far from simple. My recommendations are based on years of thorough research and my own experience as a long-time cryptocurrency enthusiast who has kept up with India's top crypto exchanges. Here are the top 10 cryptocurrency trading apps we've found in India for 2023.

What To Look For In A Great Indian Crypto trading app?

The best crypto trading app in India should be chosen after taking into account a variety of aspects. Among these elements are:

Currencies supported: The leading cryptocurrency exchanges app provides a large selection of currencies for trading, allowing investors to trade a variety of crypto assets and increase their profits.

User interface: It's crucial to have a smooth trading interface that is straightforward to use, especially for beginners. If you are an experienced cryptocurrency investor, you might wish to find an exchange with more sophisticated features.

Fees: All cryptocurrency exchanges apps impose some form of price for their services, therefore it's critical to choose ones with reasonable fees. Otherwise, you'll end up losing a significant portion of your profits to fees.

Regulation: A well-regulated exchange is more safer to use than an uncontrolled one, making it one of the most crucial considerations to take into account when picking an exchange.

Options for depositing and withdrawing money: Crypto exchanges should provide a range of payment options so that users may quickly deposit money and withdraw it from their accounts.

Account security: Search for cryptocurrency exchanges with many levels of protection, including two-factor authentication and at least 95% cold storage.

Customer support: Customer service is always first-rate at the top cryptocurrency exchanges app, ensuring that users can get assistance if they encounter any issues. Take into account the number of ways you can contact their support staff, how quickly they respond, and how helpful their responses are.

Top 10 Crypto Trading Apps in India for 2023

BuyUcoin

Three Indian minds created BuyUcoin, which has been operational since 2016. To trade Bitcoin and other cryptocurrencies, you can utilise BuyUcoin. Additionally, they provide wallet services where you may hold or store your bitcoin. They rank among India's most reliable cryptocurrency exchanges for exchanging digital currencies.

BuyUcoin uses the Salting method to encrypt user passwords, preventing unauthorised parties from accessing the data. 95% of their money is kept in cold, non-volatile storage. They offer a smartphone app and two-factor authentication.

Investors can trade and store Bitcoin, ethereum, and other cryptocurrencies with this application. You know why relying on it is going to be worthwhile because of its many advantages, which include real-time spot trading, a wallet that is always free, cashback, and lifelong commissions when you refer friends, among others.

CoinDCX

An Indian cryptocurrency exchange that supports more than 100 coins is called CoinDCX. Their 95% cold storage retention policy keeps your cryptocurrency safe and secure. You must first fund your CoinDCX trading account with INR or a cryptocurrency. They accept payments made through NEFT/RTGS, IMPS, UPI, net banking, and bank transfers. You have the option of conducting a bank transfer straight to withdraw your money in Indian rupees.

How can we not mention CoinDCX now that we are discussing security? CoinDCX is undoubtedly one of India's most adaptable cryptocurrency trading platforms, and it has a significant security feature. Who knows why? This is due to the fact that users must authenticate themselves before they may trade.

CoinSwitch

For a time now, CoinSwitch has been an icon in the Indian cryptocurrency sector. It offers a well-rated mobile app, supports more than 80 cryptocurrencies, and prides itself on answering emails from customers' support staff in under 15 minutes. 

CoinSwitch also doesn't impose any commissions on cryptocurrency trades. This is due to the fact that it is a non-custodial exchange, meaning it does not retain any cryptocurrency or user funds personally. Instead, CoinSwitch serves as a middleman that makes it simple and affordable for users to purchase through other crypto exchanges.

This is both a strength and a weakness of CoinSwitch: it makes buying cryptocurrency simple, but it also means you miss out on some of the advantages of a traditional exchange.

WazirX

Nobody seems surprised that this name is on the list of top crypto exchanges in India. In no time, it rose to prominence as one of India's bitcoin exchange applications with the fastest rate of growth. Users of WazirX can buy a number of cryptocurrencies, such as Bitcoin, Ethereum, Ripple, and others. Users ultimately gain an understanding of how volatile the bitcoin market is.

Bitbns

One cryptocurrency exchange in India with a more user-friendly interface is Bitbns. It is designed with both novice investors' needs and all of them in consideration. They offer a variety of functions and versatility. Just enter your details and begin trading bitcoins to finish the registration process in two simple steps.

To protect your money, Bitbns employs cutting-edge security solutions. The most cutting-edge Grade-A security feature is also used by Bitbns to guarantee the security of all of your transactions. Additionally, they have two-factor authentication set up for data security. 

This is cryptocurrency trading software, and both iOS and Android devices can access it. Users are able to utilise the software to buy, sell, and exchange bitcoins on their own. Stunning, no? This trading platform is the ideal one to use if you are just getting started.

Unocoin

Since Unocoin claims to be India's first blockchain and crypto asset firm, it requires special attention. Unocoin has unquestionably improved cryptocurrency investment, with over a million investors at this point. Investors get access to a large number of cryptocurrencies here. For purchasing, selling, and storing Bitcoin or other merchant processing services, it is one of the most popular and established exchanges

Through their smartphone app, which also has a hardware wallet and over a million users, they provide a crypto trading platform independent of hardware. Most of the cryptocurrency assets owned by traders are housed in cold storage vaults. The computer that creates these Bitcoin addresses will never establish an internet connection during its existence. Additionally, Unocoin offers fingerprint security and two-factor verification for its mobile application.

Pionex

The most secure cryptocurrency exchange in India is Pionex, which has a strong commitment to accessibility. Pionex, which was founded in 2018, has addressed many issues that crypto investors had. For retail, HNI, and enterprise users, it provides investing and trading solutions for financial products based on cryptocurrencies.

OKX

The OKX cryptocurrency trading app is usable with Android and iOS mobile devices as well as the web. Both the quick purchase of cryptocurrencies using different payment methods, such as credit and debit cards, and the speculative buying and selling of cryptocurrencies on spot markets are possible with the app. With the latter, users may make predictions about future cryptocurrency values using sophisticated trading tools like charting and profit from price fluctuations by employing sophisticated order types. Additionally, it enables traders to work with cryptocurrency futures and options.

With its extensive liquidity books and listing of over 300 cryptocurrency coins for trading on live marketplaces. Users may also deposit money using a variety of methods and invest in additional goods including staking, lending, NFTs, etc

Bitstamp

One of the first cryptocurrency trading platforms, Bitstamp was founded in 2011 and provides a web-based platform as well as mobile iOS and Android trading apps for trading cryptocurrencies while on the go. You may hold, invest in, transmit, and exchange more than 50 different cryptocurrencies using the app, including Bitcoin and Ethereum. Both novice and experienced crypto traders can benefit from them.

With the app, you can purchase cryptocurrency using a credit or debit card, a bank account, a wire transfer, SEPA, and other options. Additionally, you can transfer cryptocurrency to bank accounts. By scanning a QR code with the app, you may transmit cryptocurrency instantly.

Coinbase

For those who want to begin trading and investing in cryptocurrencies in India, Coinbase is a well-liked substitute. It is a legitimate trading platform with capabilities for sending, receiving, trading, and staking. It also acts as a cryptocurrency financial custody for various organisations, both small and large, including other cryptocurrency exchanges.

Some people choose it because of the great liquidity despite the fact that it has very high fees and is a centralised exchange, meaning users can't control their private keys for their cryptocurrency. The enormous liquidity shields traders and investors from price slippage in a market that is already erratic. There aren't many crypto choices available for transactions.

Conclusion

The exchange you choose matters when choosing a cryptocurrency exchange in India, that much is clear. Your decision will affect a number of factors, including how successful your trades are, how simple it is for you to purchase and sell crypto assets, and in some situations, whether you really get your money back.

The majority of people view trading cryptocurrencies as a passive source of income. The majority of cryptocurrency traders use smartphone apps, while more experienced traders also frequently use desktop apps. Individual individuals, groups, established funds, companies, and institutions can all trade cryptocurrencies. It is a professional project that deserves consideration.

Indian cryptocurrency investors who are knowledgeable like BuyUcoin for its high level of security and simplicity of usage. I can't recommend BuyUcoin enough if you're searching for a safe, affordable option to buy and sell cryptocurrency in India because Kraken's fees are also incredibly low.

BuyUcoin is the best platform for buying Bitcoin in India due to its bank-level security and exceptionally low transaction costs. BuyUcoin is a great option for Indian cryptocurrency investors because it supports more than 100 cryptocurrencies, processes withdrawals and deposits rapidly, and verifies accounts quickly.