India Fueling One of World’s Fastest-Growing Crypto Regions

Which Cryptocurrency exchange is best in India

crypto-evolution

NDTV stated “All Private Cryptocurrency will be regulated, not banned” on 02/12/2021

 

A Cabinet note circulated by the government on the proposed cryptocurrency bill has suggested regulation of private cryptocurrency rather than banning it.

Points to be noted from the bill:

  1. Cryptoassets will be dealt with the existing crypto exchange platforms which will be regulated by Securities and Exchange Board of India (SEBI).

 

  1. The proposed virtual currency by the Reserve Bank of India (RBI),central bank digital currency (CBDC) has not been clubbed with the new crypto bill. However, the central bank will regulate issues related to cryptocurrency.

 

  1. All those found violating the exchange provisions will be penalised with criminal imprisonment of up to one and a half years. Penalties in the range of ₹5 crore to ₹20 crore may also be levied by the regulator.

 

  1. As a deterrent for those found using these assets for terror related activities, the provisions of the Prevention of Money Laundering Act (PMLA) will apply with suitable amendments.

 

There are many cryptocurrency exchanges in India but the question arises  Which Cryptocurrency exchange is best in India? So, the top leading exchanges which are covering the Indian market are-

 

Coinsbit India-

Europe’s largest and Compliant Digital Asset Platform is now in India.

Coinsbit India started functioning in April 2021. More than 1.2 Million users have joined Coinsbit India since then which helped the exchange in reaching a new height. They also have their native token as CIN Token. Coinsbit India offered the biggest Airdrop in 3 different stages and distributed CIN Tokens as a reward through referrals and Sign up for free. Coinsbit India looks to bring service, reliability, and convenience that cannot be matched by any other platform, bringing to India one of the world’s largest cryptocurrency exchanges. 

 

Coinsbit India also introduced CIN Staking where the users can stake their CIN Tokens and earn 3% profit monthly. One of the best features of Coinsbit India is CODES, through which the users can transfer their crypto within Coisnbit India without paying any fee. Trading is also profitable in Coinsbit India as the users can pay Trading Fees using CIN Tokens and save 25% of their fee as well. 

 

When it comes to Community Support, Coinsbit India has one of the best support team offering 24/7 Chat Support and also they introduced Interactive Voice Response (IVR) Support so the users can perform their activities hassle free, making Coinsbit India the best cryptocurrency exchange in India.

 

CoinDCX-  CoinDCX exchange is built with user experience and security in mind. The KYC and Bank Account verification are done within a few minutes and give users a smooth onboarding experience. They provide users single-point access to a diverse suite of crypto-based financial products and services that are backed by security processes and insurance.

 

CoinswitchKuber- CoinSwitch Kuber is a secure, user-friendly crypto trading platform for users in India, where they can buy 80+ cryptocurrencies like Bitcoin, Ethereum, Ripple etc easily, at the best rate, with a variety of payment options being offered. The users can access the pooled liquidity of the leading cryptocurrency exchanges in India to get the best rate and trade instantaneously, after completing the KYC/AML procedures. 

 

Wazirx- WazirX has been built by a team of hardcore traders and passionate blockchain believers. They are on a mission to involve every Indian in the Blockchain revolution. 

With WazirX you can Buy, Sell & Trade digital assets with amazing ease, confidence and trust. Whether you’re a first-time investor or a professional trader – WazirX has got you both covered!

 

Zebpay- ZebPay makes Bitcoin simple. Since 2014, they’ve helped over 5 million users begin their crypto asset journey.  One of India’s top choices for Bitcoin-INR trading. About two-thirds of Indian crypto asset investors bought their first Bitcoin on Zebpay platform. 

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