In this article, I will discuss which crypto app is best for trading purposes in India, considering factors such as usability, security, the number of cryptocurrencies available, and trading options.
Since multiple options are available, one must settle on one that fits their trading experience and preference.
For newcomers and professional traders, this guide aims to help you select from beginner to professional trader’s platforms.
Which Crypto Apps Is Best In India
Deciding on the best cryptocurrency application in India is very subjective and depends on individual needs and preferences. Here’s how some of the best ideas break down:
CoinSwitch
This app is meant for novice users, and it is worth noting that they will not face any difficulties when they want to swap tokens.
CoinDCX
Launched on April 7th, 2018, CoinDCX is a cryptocurrency exchange with offices in India.
Built with user experience and security in mind, CoinDCX claims to provide near-instant fiat-to-crypto conversions with zero fees.
On CoinDCX, users can have single-point access to a diverse suite of crypto-based financial products and services backed by security processes and insurance.
CoinDCX claims to have the highest number of cryptos listed on exchanges in India.
CoinDCX claims its onboarding process to be one of the fastest in the industry. The KYC and Bank Account verification process can reportedly be completed within 5 minutes.
The fees for trading and crypto withdrawal are minimal. The exchange also provides near-instant deposit and withdrawal capabilities.
ZebPay
ZebPay is a crypto-assets exchange with an established presence in India, Australia and Singapore.
Since its inception in 2014 in India, ZebPay has rapidly expanded across geographies and has provided services to crypto traders and crypto-focused investors.
The choice of millions of traders, ZebPay offers its services across a wide range of devices, including mobile apps for those who are always on the go and a seamless web interface for users who prefer desktops.
ZebPay also offers an OTC desk, a bespoke service for users trading in large quantities of crypto assets.
ZebPay OTC is a white-glove service available at every stage of the trading process—from the initial expert consultation to execution, with trade reporting and market insights.
Mudrex
Welcome to Mudrex, which has over 2 million users on its platform. Its platform enables easy, fast, and trusted cryptocurrency buying, trading, and investing.
At Mudrex, they are dedicated to empowering users with advanced, secure, and user-friendly trading solutions.
Mudrex is a Bengaluru-based fintech start-up headquartered in the US that launched in 2018. Its vision is to make crypto accessible to the masses so that ordinary investors can benefit from the massive wave of wealth creation.
Mudrex is a Series A-funded startup backed by Ystartupator and funds like Village Global, Arkham Ventures, and Nexus Venture Partners.
Mudrex is a global crypto buying, trading, and investment platform designed to help retail investors earn better long-term risk-adjusted returns in a volatile market.
Key Factors to Consider When Choosing a Crypto App
User-Friendly Interface
In general, however, the development of a crypto app should include guiding new users, and thus, the entire app should be designed to be easy to use.
A well-constructed user interface enhances the processes involved, and the user wears the lowers to carry out the operations.
Security and Safety Features
Safety is another issue taken into consideration when dealing with coins like Bitcoin.
Always seek applications incorporating features like 2FA, encryption, cold storage, and regulatory compliance.
Range of Cryptocurrencies Available
Different users may want to use other types of cryptocurrencies, and the app should accommodate as many as is practically feasible without compromising performance.
Fees and Transaction Costs
Each user must pay fees for transactions, withdrawals, and trades made in the app, which may reduce profitability.
Purchase an app with reasonable fees for its transactions to maximize profits for your trading business.
Customer Support and Accessibility
There are circumstances when issues arise and customer assistance is needed.
These issues should be resolved promptly, so apps with such functionality should be favourably regarded.
Support availability 24/7 and provision of app features in local languages can be considered for making life comfortable.
Liquidity and Volume
Higher trading volumes and liquidity enable quick transaction settlements and better prices, which is helpful for frequent traders.
Advanced Features
The mobile application should appeal to sophisticated users and contain features like margin trading, futures trading, or, in the future, staking and simple automated strategies.
The Growing Popularity of Crypto Trading in India.
In terms of growth, crypto trading in India has experienced immense growth in recent years.
With other cryptocurrencies, such as Bitcoin and Ethereum, growing in popularity globally, Indian investors are beginning to invest in cryptocurrencies as an alternative asset class.
This has been influenced by cases where little-understood risk allows for high returns, awareness of the technology behind trends like blockchain, and convenient platforms for trading in cryptography.
Many young people are also interested in cryptocurrencies because they are free of government regulations and act like modern investing methods rather than traditional banking services.
Although there are uncertainties governing the regulations, the nation’s crypto market is expanding significantly fast.
Conclusion
It is based on what a user wants regarding their trading needs and experience level while considering the best crypto app in India.
Due to its easy operating processes, CoinSwitch is suitable for novice traders, but WazirX, with its variety of coins, is favourable to beginner and medium-level traders.
CoinDCX is the right choice for seasoned traders who want to make some high-volume trades, and ZebPay meets the needs of day traders who want to capitalize on the yield.
For spot & futures trading organizations, Mudrex provides total automation and algorithmic trading strategies.
In the final analysis, however, it all boils down to what is considered the best app for trading, its safety details and investment requirements.
