Top 5 Cryptocurrency Exchanges in India with the Largest Variety of Crypto Assets
With cryptocurrency trading and crypto usage accelerating in India after the crypto ban lift in March 2020, the traders are now seeking to diversify their experience by trading in varied digital assets other than Bitcoin. If you are looking to expand your crypto asset portfolio, then given under are the top cryptocurrency exchanges in India that offer an extensive variety of digital assets with a high liquidity volume in comparison to others that are operational in the region.
The global cryptocurrency exchange PayBito offers diversity in crypto assets to its traders, unlike any other exchange ensuring great prices and overall profitable experience for them. It was one of the first global exchanges to launch trading activities in India in 2016, and have recently resumed operations after the ban on crypto trading was lifted in the country. Paybito has the world’s leading cryptocurrencies listed under the platform, including Bitcoin, Ethereum, XRP, Tether, HCX, Bitcoin Cash, EOS, and Litecoin. It’s listing of an extensive variety of utility crypto assets for active trading is what sets it apart from the other exchanges. PayBito allows traders to invest and buy/sell altcoins such as Cardano, LINK, HBAR, BAT, and more, which helps them diversify their crypto portfolio. The exchange has a global order book and enables the traders to get high volume liquidity for the majority of its trading pairs.
One of the largest cryptocurrency exchanges in India, CoinDCX has its headquarters in Singapore and is powered by the crypto-financial service provider DCX. The trading platform endorses advanced security features along with a vast assortment of crypto assets to trade-in. Some of the notable digital assets listed under the platform are BTC, XRP, ETH, USDT, ALGO, EOS, BSV, BCH, and more. The stand-out feature of CoinDCX is that it lets the traders earn interest by lending cryptocurrencies, a service that a handful of exchanges offer. It has a margin trading of 6x leverage on most of its assets, with an offering of good liquidity across a number of its trading pairs.
BitBNS is an Indian exchange that was started in December 2017. It is one of the leading local cryptocurrency exchanges to offer a wide variety of digital assets for trading. Most of the other Indian origin exchanges have a limited crypto offering in comparison to BitBNS. The trading platform boasts about its advanced security features. It ensures a seamless trading experience to the traders owing to the P2P model for deposits and withdrawals. The exchange comes with zero account charges and enables automated buy and sell, by matching the trade with the buyer or seller. Apart from the leading cryptocurrencies, it also supports tokens like Apex, Attila, Dash, Qtum, Stellar, and lots more. It is a good exchange to trade-in if you want to have diverse trading experience with a varied range of cryptos.
WazirX was started in 2017 and gained market traction after it was acquired by global exchange Binance this year, post crypto ban lift in India. It was at the same time that they resumed full-fledged trading activities in India. WazirX is the first local-based cryptocurrency exchange to get acquired by a global exchange and since then, it has come to be known as one of the leading exchanges majorly due to its connectivity with Binance. However, the exchange does offer a host of contributing features to the users, such as low transaction fees, advanced security features, multicurrency support, high liquidity, etc. It is also one of the few exchanges in India to offer a varied range of digital assets for the traders, which include Algorand, BAT, Dash, Ethereum Classic, Litecoin, Monero, Qtum along with the leading cryptocurrencies.
The last on our list is CoinSwitch, also known as CoinSwitchKuber. It is more of a crypto exchange aggregator rather than a traditional trading platform, and it generates its liquidity. It connects with multiple crypto exchanges to find the best price for the traders and offer them the same. Due to its integration with other exchanges, the variety of digital assets is vast. However, not having a proper KYC authentication has been flagged by many traders as a risk poser for trading. Besides that, it is also a crypto-to-crypto exchange and does not support fiat deposits, which can be another turn off for the traders.
The diversity in crypto trading is a part of the overall experience which allows traders to widen their portfolio as well. Hopefully, this blog was of help to the traders, who are looking for unconventional assets and platforms that list the same while offering good liquidity in trading pairs.