With all the buzz around cryptocurrencies, interface based mobile phone applications are proving to saviour to your trading game.
‘Cryptocurrency’ is the buzzword at every dinner table conversation and when you say that you invest in cryptocurrencies then, you already are the smartest one in the room. It is true, cryptocurrencies are the smartest way to invest in contemporary times. Cryptocurrencies have been in the market for over a decade now, but it is only in recent times that their market has gained momentum.
With the cryptocurrency market experiencing a boom, there is an upsurge in smartphone applications to aid the investing process. The applications facilitate trading cryptocurrencies at your fingertips. They are easy to operate and beginner-friendly at the same time.
There are numerous apps offering the interface for a hassle-free investment process, meanwhile, check out the ones listed below:
1.) WazirX
Presently, WazirX is the most popular application to trade cryptocurrencies in the market. The investor can invest in a wide range of coins using INR, USDT, BTC, and even P2P. The app is secured through Two-factor authentication and notifies the user of every execution from the account.
Apart from the transaction fee, the application charges a 0.2% taker and a maker fee. The minimum deposit amount is INR 100. UPI users are charged a zero deposit fee while it charges INR 5.9 on NEFT, RTGS, and IMPS.
Interestingly, WazirX has its own digital currency WRX. The investor can choose to use INR to invest in WRX and use WRX to invest further. They also offer a feature called ‘Pay trading Fee with WRX. This gets you the 50%discount on the trading fee.
2.) Bitbns
Bitbns is an Indian cryptocurrency investment platform. The platform enables a simple way of making digital investments. Interestingly, the application offers a Fixed Income Plan to ensure returns on investments on your cryptocurrencies. The app uses Two-factor authentication and Google authenticator to ensure the security of your wallet. You can pay through Mobikwik, IMPS, NEFT, Bank transfer, USDT P2P, UPI, and bank P2P.
3.) UnoCoin
UnoCoin multi-crypto assets and has an auto sell feature that enables the user to schedule an asset sale. The sign-up is simple, you just have to complete your KYC. The application is secured through Two-factor authentication and gives you an option to set up a digit pin and or fingerprint to log into the application.
UnoCoin doesn’t charge the maker or taker fee. Initially, it charges a buy/sell fee of 0.7% for and later after 60 days, they charge a fee of 0.5% after upgrading the user to the ‘Gold Membership’.
The app accepts deposits through NEFT, RTGS, IMPS, and UPI without any transaction charges. They also charge debit or credit cards with a certain amount of fee. Also, in case you use MobiKwik wallet, it will charge you a transaction fee of 2%.
4.) CoinDCX
CoinDCX is the most versatile platform in India. It provides the highest liquidity and gives the option to choose from over 200+ cryptocurrencies. Registering with the app is easy, you just have to sign-up by entering the OTP sent on your registered mobile number or email.
The app provides security through the Google Authenticator app and you are required to set up a different withdrawal password to confirm for every withdrawal you process.
The CoinDCX app charges you a 0.1% maker and taker fee and the minimum withdrawal limit is INR 1000. It accepts INR deposits through UPI, NEFT, IMPS, RTGS, and bank transfers.
5.) Zebpay
Zebpay, also known as “Bitcoin Ki Dukaan” has been in the market since 2015. One can sign-up through their mobile phone number and complete their KYC to get started. It uses a technology called Omnitrixx, which ensures a secure transaction. The platform charges 0.0001 BTC per month which can be skipped if you are an active investor. Other than this, the platform charges you a 0.15% maker fee and a 0.25% taker fee.
There is a crypto deposit fee of INR 15 on UPI, 1.77% on Net Banking, and there is an INR 10 fee for all the fiat withdrawals and a 0.0006 BTC per BTC withdrawal on Zebpay. The app accepts INR deposits through IMPS, RTGS, NEFT, UPI, bank transfer, and Net Banking.
Note: Investments in Cryptocurrencies are subjected to risk. Peaklife advises to research and makes an educated investment.
