Self tested:-
(1) WazirX
Issue for INR depositing because of Current Account manual money sending issues.. and withdraw fee also.
(2) Coinswitch
Deposit and withdrawal both are free..
(3) CoinDCX
Same issue aa WazirX but withdrawa is free
Topic: Top Cryptocurrency Exchanges in India. - page 2. (Read 626 times)
So, do you guys think it is safe to keep coins at these exchanges for the sake of earning interest? Do these platforms offer any insurance?
Talking about the insurance then I don't think any exchange will take responsibility for such hacks and will reimburse you.
So, do you guys think it is safe to keep coins at these exchanges for the sake of earning interest? Do these platforms offer any insurance?
Storing cryptos on any exchange is not an advisable because even the most reputed,secured exchanges even got hacked so there is no exchange is an exception to these hacks so its your choice whether you are looking for that interest rates or security of your funds.AFAIK, there will be no insurance claim and no refund on the hacked funds unless the exchanges paying them from their profits.
The only one I wasn't aware of from the list is BuyUcoin. First time hearing its name.
But what I want to know is, just like CoinDCX allows staking coins to earn interest. WazirX has also added this feature where user can keep his coin and earn interest from 4-9% and it can seem lucrative to many since the bank interest is very low right now due to covid, it is at 5.50% if I am not mistaken but do they offer insurance like banks do?
What if the coins get lost, stolen, hacked etc. like it has happened many times in the past. And you'll hear experts often tell you to not keep your coins in an exchange unless you're trading. Which is another added feature by WazirX, you can trade your coins at the same time they're being staked and interest gets adjusted based on how many coins were being staked for how much time.
So, do you guys think it is safe to keep coins at these exchanges for the sake of earning interest? Do these platforms offer any insurance?
But what I want to know is, just like CoinDCX allows staking coins to earn interest. WazirX has also added this feature where user can keep his coin and earn interest from 4-9% and it can seem lucrative to many since the bank interest is very low right now due to covid, it is at 5.50% if I am not mistaken but do they offer insurance like banks do?
What if the coins get lost, stolen, hacked etc. like it has happened many times in the past. And you'll hear experts often tell you to not keep your coins in an exchange unless you're trading. Which is another added feature by WazirX, you can trade your coins at the same time they're being staked and interest gets adjusted based on how many coins were being staked for how much time.
So, do you guys think it is safe to keep coins at these exchanges for the sake of earning interest? Do these platforms offer any insurance?
I'm surprised you haven't heard about them...
Because I trade only bitcoin to fiat conversion on Indian exchanges so LBC is good for me and not worried about their tier protection which is not really a big issue as an Indian citizen. 
I will look into that exchanges and will find out how they are doing in the market.
Never heard any exchange other than Wazirx from your list and the another most preferred Indian crypto exchange is Zebpay.
For p2p kind I prefer LBC all the time.
For p2p kind I prefer LBC all the time.
CoinDCX is decent; bitbns has really good volume, but they act stupid at times...
I'm surprised you haven't heard about them...
Never heard any exchange other than Wazirx from your list and the another most preferred Indian crypto exchange is Zebpay.
For p2p kind I prefer LBC all the time.
For p2p kind I prefer LBC all the time.
People who are new to this market often have one question in their mind that "Which is the best Indian Cryptocurrency Exchange on which they can trade Bitcoin or other cryptocurrencies easily? ". Below are the names and features of some exchanges which I would like to suggest them-:
1-Wazirx
2-CoinDCX
3-BuyUcoin
4-bitbns
Hope this information is somehow useful to the new enthusiasts of this market. Senior and experienced trader's are requested to suggest other available exchanges with better facilities and features.
1-Wazirx
- More than 120 cryptocurrencies are listed here.
- It is a highly trusted exchange backed up by Binance.
- Trading fees is 0.2% of the entire amount.
- It provides us with spot trading.
- It supports P2P mechanism.
2-CoinDCX
- More than 200 cryptocurrencies are listed here.
- It provides us with various trading options such as margin trading,leverage trading,spot trading etc.
- It includes a DCX lend platform where we can stake our crypto's and can earn regular interest.
- Trading fees is 0.1% of the entire amount.
3-BuyUcoin
- More than 30 cryptocurrencies are listed here.
- It has a large userbase.
- Trading fees is 0.24% of the entire amount.
4-bitbns
- More than 80 cryptocurrencies are listed here.
- Trading fees is 0.25% of the entire amount.
- It also provides us with margin trading.
- It includes Bitdroplets's Systematic Purchase Plan which permits the user to trade in Bitcoin at regular intervals and it reduces the risk of getting negative returns from your investments .
Hope this information is somehow useful to the new enthusiasts of this market. Senior and experienced trader's are requested to suggest other available exchanges with better facilities and features.
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