Ever since the launch of Coinbase’s IPO, cryptocurrency exchanges have never been out of the headlines. Regulatory scrutiny of Binance, one of the biggest and fastest-growing private exchanges, has also kept the interest alive in cryptocurrency exchanges.
Selection of cryptocurrency exchange can determine whether your investment portfolio in cryptocurrencies grows or nosedive. Currencies such EUR, INR, USD are accepted by all major crypto-broker exchanges. They don’t levy any charge on deposits, but withdrawal is not free.
Several cryptocurrency exchanges are now operating in India. You can trade in crypto with Indian currency.
Most Popular Exchanges In India
FTX exchange was launched in May 2019. Soon after its launch, Binance invested an undisclosed amount in the exchange. The exchange offers OTC, futures, indexes, and spot trading. On this exchange, you can trade with USD, EUR, HKD, SGD, GBP, CHF, ZAR, AUD, and CAD. Two-factor authentication and a user-friendly website are two of its biggest attractions. You will get the chance of trading in products that are exclusive to the platform.
BitMEX is a Peer-to-Peer Trading Platform that offers leveraged contracts that are bought and sold in Bitcoin. BitMEX only handles Bitcoin. All profit and loss are in Bitcoin, even if you’re buying and selling altcoin contracts. BitMEX does not handle fiat currency.
On this exchange, you can trade in trade in Bitcoin, XRP, Ethereum, Litecoin, Bitcoin Cash, Binance Coin, and other cryptocurrencies.
BitMEX allows trading with a high amount of leverage.
There are 5 main navigation tabs of BitMEX:
Trade: The trading dashboard of BitMEX. Here you can select the instrument you wish to trade, select leverage, place and cancel orders, view important information in the contract details and see your position information.
Account: This tab displays all your account information such as current Bitcoin Available Margin Balances, Deposit and Withdrawal information, Trade History and Affiliate information.
Contracts: This is an important tab for information related to the instruments such as the Funding History, minimum contract sizes, the leverage offered, expiry, Funding, underlying reference Price Index data, Settlement History and a few other pages relevant for a trader.
References: This is the education corner of BitMEX. Here you can learn about Futures, Perpetual Contracts, how BitMEX indices are calculated, how positions are Marked, when and how Liquidation occurs, BitMEX Fees, Support and other informative material to help you understand the Exchange.
API: Here you will be able to find out information pertaining to developing and maintaining an API connection with BitMEX. We offer a fully-featured REST API and a powerful streaming WebSocket API.
On the KuCoin Exchange, you can trade in KCS (KCS), BTC (Bitcoin), LTC (Litecoin), XRP (Ripple). It gives you several options to carry out transactions including debit/credit card, PayPal, SEPA etc. It charges a transaction fee depending on the trade volume. You will have to pay only 0.02% for makers and 0.06% for takers if your transaction is below USD100.
Bitfinex provides state-of-the-art digital asset trading services for its users and global liquidity providers. Ranked as the 6th largest cryptocurrency exchange, Bitfinex was founded in 2012. It does not support Indian currency. But with supported currencies like USD, EUR or GBP, you can trade in more than 140 cryptocurrencies.
With a trading volume of USD38.9 billion, Binance is the largest cryptocurrency exchange in the world. 322 cryptocurrencies are traded on this exchange with Bitcoin, Ethereum, and Cardano most popular ones. Indian currency is one of the top 45 fiat currencies accepted by this exchange.