Which is the best cryptocurrency exchange in India?
At first, you should occur through an exchange to be a part of the cryptocurrency. cryptocurrency has two main types of exchanges such as fiat exchange and cryptocurrency to cryptocurrency exchange.
Fiat exchange is an exchange that allows the direct transfer of US Dollars, Euros or any other government-backed currencies to be traded for the cryptocurrency.
cryptocurrency to cryptocurrency exchange:
cryptocurrency to cryptocurrency exchanges allows cryptocurrencies to be traded with each other. Bitcoin and Ethereum are the most common pairings on these exchanges.
How to determine the best cryptocurrency exchange for you:
- How safe is the website and server? Secure exchanges are better.
- How is the liquidity? It is better if it has a higher the exchange’s volume.
- What are the cryptocurrency exchange rates? Lower cryptocurrency rates are better.
- What trading pairs are available?
- Is the exchange beginner friendly?
- How is the exchanges customer support?
- How many different crypto money payment options does it have?
The best cryptocurrency exchange:
Coinbase: Coinbase is the most beginner friendly exchange. The headquarters of Coinbase is in San Francisco and California. Coinbase allows us to make recurring purchases when investing in various cryptocurrencies. Coinbase charges 1.49% fees on bank purchases and 3.99% fees on credit and debit purchases. If you sign up to Coinbase, you will receive $10 in FREE Bitcoin on your first $100 order.
Click on the link to sign up for Coinbase: https://www.coinbase.com/join
Coinmama: Coinmama is also pretty beginner friendly and it is mainly focused on credit and debit card purchases. Coinmama’s fees are a bit on the higher end at 5.5%. They have instant delivery and are able to sell Bitcoin and Ethereum to almost all US States, and most countries.
Click on the link to sign up for Coinmama: https://www.coinmama.com/
Bitpanda: Bitpanda is a European based exchange. Bitpanda sells a Bitcoin, BCash, Dash, Ethereum, Litecoin, and Ripple for Euros. Bitpanda has 5% fees on credit and debit card purchases. It has several payment methods such as bank transfers, credit cards, debit cards, Skrill, Neteller and more.
Click on the link to sign up for Bitpanda: https://www.bitpanda.com/?ref=5615923812750508499
You will need to use certain exchanges depending on what cryptocurrency you want. You will need to use both types of exchanges to get most cryptocurrencies because laws and regulations around certain cryptocurrencies make it difficult for fiat exchanges to sell them. Each exchange has different pros and cons, so the best exchange for one person, might not be the best for another.