5 Best Crypto Exchanges in India

Cryptocurrency in India is booming. It is easy finding a crypto exchange these days but somewhat hard to find the right one for you. So in this article, we will talk about the best bitcoin exchange and other crypto exchanges in India.

Summary

• A bitcoin exchange is a platform helping investors trade bitcoin and other cryptocurrencies.
• WazirX, BuyUcoin, CoinDCX, Unocoin, and Bitbns can be considered the best cryptocurrency exchange in India.
• WazirX is an Indian cryptocurrency trading platform, later acquired by Binance, which provides many opportunities for traders.
• BuyUcoin is also a bitcoin trading in India with a minimum withdrawal fee on BTC when compared to its competitors.
• CoinDCX provides beginners with an opportunity to learn and kick start their crypto trading journey and charges the minimum taker and maker fees.
• Unocoin is the oldest exchange in the crypto India landscape and hence the most experienced. Yet, they charge a significant fee.
• Bitbns happens to be one of the most simple, attractive, and secure platforms to trade your assets.

What is a Bitcoin exchange?

Crypto investors need a platform to trade Bitcoin and other cryptocurrencies and exchanges provide this service. They help traders to keep a check on the fluctuating market values of cryptocurrencies and connect buyers and sellers to enable cryptocurrency trading.

How does a bitcoin exchange work?

Almost all the exchanges follow a similar basic layout. The crypto platforms connect the buyers and sellers willing to make a trade. We can have an overview of their functioning as:

To buy a bitcoin, you need to place an order at the price you wish to purchase.
Now, to sell a bitcoin, a seller will have to place an order to sell his bitcoin.
If both your and the seller’s price offering is the same, then the exchange connects you to the seller (in the backend), and the trade succeeds.