Cryptocurrency is booming in India and the market to buy, sell, and trade crypto is becoming more and more a reality. India has the most cryptocurrency owners in the world, with the figure expected to reach 100 million by 2021. But many people who want to own crypto still might not have an idea on how to start investing and what is the best and safest way to buy crypto.
Cryptocurrency can be bought by using global apps that are not founded in India and show prices in USD and not Rupees. Some Indian investors might be willing to use these apps but others are conscious of where their money is going and want to keep track, so for them, there are other Indian-oriented alternatives as well. Users need to link their bank accounts to these apps to make transactions.
Listed are the Top Apps Indian users can rely on to start their Cryptocurrency journey. The order is not in any particular order and all apps are similar in what they can offer.
1. CoinSwitch Kuber
Ashish Singhai, Vimal Sagar Tiwari, and Govind Soni founded CoinSwitch Kuber in 2017. This app, based in Bengaluru, allows users to purchase and trade cryptocurrencies after passing the KYC process. The UI is straightforward and simple to use. There are numerous prominent Cryptocurrencies in which to invest. According to the app’s website, there are approximately 3 million registered users.
WazirX is a popular crypto exchange founded in 2018 by Nishcal Shetty and Samir Mhatre. It was acquired by Binance in 2019 which is the largest cryptocurrency exchange in the world making WazirX the biggest crypto exchange in India with 6.5 million users. It is a very trusted app as it has the technology and features updated by Binance.
Founded by Sumit Gupta and Neeraj Khandelwal CoinDCX is also a popular app for investors and it has about 3.5 million registered users.
One of the less known apps is Unocoin which was founded by Sathvik Vishwanath, Harish B V, Abinand Kaseti, Sunny Ray way back in 2013 when crypto was not as popular as it is today. The app claims to have 1.74 million registered users.
Zebpay is also one of the old apps on this list as it was founded in 2014 by Sandeep Goenka, Saurabh Agrawal, Mahin Gupta. It has also turned out to be a popular platform with a claimed userbase of 5 million.
The apps mentioned may have different fees/charges to start trading and may also have transaction-related fees as well. One should only invest after considering all the factors, especially the amount of risk one is willing to take.