Cryptocurrencies have been shaking up the world, and India is right in the middle of this digital revolution. With more and more Indians getting interested in cryptocurrencies, there's a huge demand for crypto exchange mobile applications that are reliable and easy to use. And that's why I’ve come up with this “best crypto app in India” list!
However, besides giving you names - that include big ones, such as Binance, Bybit, and Kraken -, I will also provide some insight on the Indian crypto landscape. Of course, this involves exploring the legal framework surrounding cryptocurrencies!
Furthermore, I will explain the key factors you need to consider when selecting the best app for crypto trading in India. In other words - the criteria used to evaluate and choose these apps. By understanding these important aspects, you'll be equipped with the knowledge to make an informed decision and pick the perfect crypto app for your needs.
Here is the list of the crypto apps I’ve selected:
Let's get to it!
Best Crypto App in India: Evaluation Criteria
As you already know, when searching for the best crypto app in India, the first thing you should check is if the app is available in your country, and, most importantly, if it follows all necessary legal measures and requirements.
Security, of course, also plays a significant role – choose apps that prioritize robust security measures like two-factor authentication (2FA) and cold storage options to safeguard your funds from potential threats.
Now, another crucial factor is the support of the Indian Rupee (INR) as a payment method. The reason for its importance is quite obvious, as having the option to trade and transact in your local currency simplifies the process and eliminates the need for currency conversions.
Moreover, since a good amount of taxes are needed to be paid, in order to do crypto transactions in India, an app that demands the smallest transaction fee possible definitely catches the eye, right? Thus, it’s essential to look into the fees charged by the contender for the spot of the best crypto app in India!
A diverse range of supported cryptocurrencies is also an important consideration: you should prioritize apps that offer a wide selection of popular cryptocurrencies, allowing you to explore various investment opportunities and diversify your portfolio.
And, of course, the wider the range of software systems compatible with the mobile application, the better. This includes popular platforms such as iOS and Android, among others.
Besides these, it’s also nice to keep an eye out for factors like user-friendliness, customer support, and any other additional feature that might improve your trading experience, like real-time market data.
So, that’s basically it for the criteria I used when selecting the best crypto exchange app in India. To see if any of these options align with your needs and preferences, stick with me as I go through my list!
Whether or not the cryptocurrency exchange offers an opportunity for investors to observe the trading behavior of their peers.