Best Crypto Trading Platform to Buy Bitcoin India 2022 see now all information
Although the Indian government is yet to make up its mind about cryptocurrencies, India has the largest number of crypto owners globally.
Without sharing this confusion with their lawmakers, Indians are all but hesitant to buy crypto.
However easy to lose hard earned money with the piles of useless information’s floating around social media and best messaging app Indian.
Well no more losing.
I have summarized some of the best ways to buy Bitcoin and Crypto in India in general.
But if you don’t know about these strange computer currencies, you should probably start with.
What is cryptocurrency?
Crypto is digital currency backed by blockchain technology. Blockchain is a decentralized database that syncs with all its users in real-time. So, it is transparent and immutable.
Here is a more detailed explanation:
That being said, the value of any crypto coin is based on people. More buyers translates to higher prices. Likewise, a sell-off can bring the value of any crypto to the ground.
Currently, the top 5 cryptocurrencies by market share are:
Paxful is a peer-to-peer (P2P) crypto marketplace. On Paxful, you will find various sellers offering offers to buyers.
Payment method depends on individual seller. But you get great flexibility in using any payment stream.
These amounts vary by transaction size and are lower if you use Paxful’s own wallet
Interestingly Paxful seller can set their own crypto price and trading limit. You can buy? Bitcoin Ether and Tether with best them. Although trading on Paxful seems simple, I would recommend it for advanced users.
Binance is the global leader in P2P crypto trading. It supports hundreds of cryptocurrencies. The platform is huge, with countless currencies to invest in.
Binance also has a native currency, Binance Coin (BNB). And there is an obvious incentive if you use BNB with them.
Binance does not charge you for deposits.
It determines the VIP level based on the business volume of their users. You upgrade your VIP level as you trade more, paying lower trading fees with each level-up.
Binance has excellent flexibility and a great reputation. But, the sheer number of options can be overwhelming to beginners. So, it is best for intermediate to advanced users.
Unocoin is India’s homegrown cryptocurrency platform for buying Bitcoin, Ether and Tether. The website is straightforward to navigate and feels intuitive on the go.
Moreover, this calculator on your home screen can tell you about charges like transaction fee, service fee and current price in INR.
Unocoin also has an exchange portal that features 38 cryptocurrencies. They have systematic buying plans to invest small amounts in phases. You also have the option of earning interest on your crypto holdings for a fixed term.
To buy or sell bitcoins you have to pay a fee of 0.5%. Additionally, they will charge you 18% extra as GST charges on every transaction.
Also, you can trade bitcoins with any Unocoin user without any fees. And there are no fees for receiving Bitcoins in your Unocoin wallet. Likewise, you pay no overhead charges for crypto-to-crypto trading, other than unavoidable network fees.
Please note that crypto investing carries some market risk. It is only recommended for people with technical knowledge of cryptocurrency and a high risk appetite.
So, if you have what it takes to jump into the crypto world the platforms listed above can serve you best.
And if you need an education, Gee flare has tons of crypto titles to get you comfortable with this new age of digital currencies.