Indians found their new Interest I.e Trading in crypto currencies . Youth n investors are investing in Alt Coins in a big way. Although wide spread use is still a distant dream as govt. still tight lipped to say anything about regularising AltCoin investments , but the good thing is people are taking interest n want to invest in new n profitable Coins. To cater their need many Exchanges started their operations in India .
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Exchanges like ZEBPAY , COINSECURE , UNOCOIN are few popular Biitcoin only Exchanges at the time of writing this article.
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BuyUcoin , Koinex are multi coin Exchanges and apart from Bitcoin offer many other Coins to trade with.
Let's look into each of these exchanges closely.
ZEBPAY:
A) Very User friendly Interface .
B) Nice Customer support.
C) Instant buy n Sell.
D)Has a trouble free functional App.
E)Zero Trading fees but.
F) Buy minus Sell difference is very High. Thus Day trading is not possible.
G) Bitcoin ONLY Exchange.
H) KYC Verification is comparatively fast.
COINSECURE
A)One of the most Profitable exchange to trade with .( As a User)
B) Awesome Customer support.
C) Very competitive fees ( only 0.4%) , Deposit n Withdrawal of ₹ INR is free.
D)User Interface of App is not upto the mark , although they r improving.
E)BUY minus Sell difference is least compared to any Indian Exchanges. Good news for user!
F)BITCOIN ONLY Exchange.
G)Very fast KYC verification. Usually they call to verify few things n voila u r done.
H)Very fast Withdrawal.
ETHEXINDIA
A)Ethereum only Exchange for India. They trade only ETH coins .
B)KYC Verification takes lot of time.
C) Best Ethereum Exchange for India as per Price.
D)Flat 0.4% trading fees is charged on all buy n Sell trade. No other charges.
E)No app . Web only Exchange.
F) Customer support is poor.
G) Deposit of INR takes lot of time.
BTCXINDIA
A) Ripple (XRP) only Exchange of India .
B) KYC verification takes time.
C)INR deposit takes lot of time.
D) BEST to buy XRP in India. Lowest price for XRP .
BuyUcoin
A)One of the first Multi-Coin Exchange.
B) Offers lot of Coins to trade with like Golem,Augur,Factum , Ethereum, Bitcoin Cash , Bitcoin ,Litecoin and many more..
C) KYC verification is free n fast.
D)Very fast INR Deposit n Withdrawal process.
E) NO APP yet , Web only Exchange . User Interface on Mobile web is average.
F)No trading fees.
G)Buy minus Sell difference is comparatively on Higher side .
H)Very good customer support.
Koinex
A)Another Multi-Coin Exchange .
B) Newest Exchange of India.
C) User have to pay for KYC verification.
D) COMPLEX FEE structure. But very transparent.
E) NO App yet . Web only Exchange.
F) Deposit n Withdrawal of INR Takes Time.
G) Have to improve on User Interface.
One international Exchange BITBAY is soon to start their services in India to heat up the AltCoin Exchange market in India.
Indian Govt. Already made a parliamentary committee to study every aspect of cryptocurrency.
Indian Central Bank RBI's Research wing namely IDRBT Institute for Development and Research in Banking Technology is looking to create a range of banking-related services on top of the blockchain technology. The main objective of this project is to digitize the National Currency i.e Rupee(INR).
So Indian Market is going to heat up soon. Remember its a billion+ nation with one of the largest young mobile users in the world so possibilities are endless ..
