A Guide To Some Zero-fee Trading Cryptocurrency Exchanges in India

March 23, 2020   (0)   Shailesh Panwar

Zero Fee TradingA cryptocurrency exchange is a platform where a person can buy and sell cryptocurrencies. They exist in all the countries where cryptocurrencies have been adopted. Some best cryptocurrency exchange platforms all around the world are Binance, Bitmex, Kraken, Coinbase, Poloniex and many more. India has also started adopting these virtual assets. People are always in the look of zero-fee trading cryptocurrency exchange platforms in India. This zero-fee trading is available for some trades. Otherwise, many trades require a fee which is near to zero. In this article, we will look at some zero-fee trading cryptocurrency exchanges operating in India.

Zero-fee Trading Cryptocurrency Exchanges In India 

 

1. Zebpay

 

zebpay

 

Zebpay is a very secure crypto exchange platform operating in India. It was started in 2014 by Sandeep Goenka, Saurabh Agrawal and Mahin Gupta. The platform is available on iOS, Android and Web. Zebpay provides trading options for several cryptocurrencies like Bitcoin, Ether, Monero, XRP and many other digital assets. This month, the platform is offering zero-fee trading for both maker and taker. However, once any order would be performed, you will have to give a maker or a taker fee. The applicable taker and maker fees are at 0.20 per cent and 0.10 per cent respectively.

2. WazirX  

 

warirx

 

WazirX is a cryptocurrency exchange platform which was started in 2017, which is being operated by Binance. The platform has a trading fee at 0.2 per cent for both a maker and taker. Some crypto-to-crypto trading pairs in which WazirX is charging this much percentage are XRP/BTC, ETH/BTC, TRX/BTC, LTC/BTC, and NCASH/BTC. As Binance is operating WazirX, there is a long list of crypto-to-crypto trading pairs.

 3. CoinDCX 

 

CoinDCX

 

DCX is a crypto firm which is operating CoinDCX. DCX is a cryptocurrency exchange platform from Singapore. Its main objective is to develop cross-border financial services which guarantee simpler, uninterrupted and faster cash flows. CoinDCX comes with many products like DCXmargin, DCXinsta, DCXtrade, DCXlend, which offer different crypto-related services. Both maker and taker fee are at 0.1 per cent. The platform charges this much percentage in spot trading.

4. BuyUcoin

 

buyucoin

 

It is an altcoin and Bitcoin exchange business which was started in 2016. BuyUcoin is a cryptocurrency firms which is located in Delhi. It claims to charge zero fees on transactions, which makes it an attractive platform. However, the trading fees of maker and taker are at 0.42 per cent and 0.84 per cent respectively.

5. POCKETBITS

 

POCKETBITS

 

POCKETBITS is also a good cryptocurrency exchange platform to trade with digital assets within minutes in India. Currently, it is trading in more than 45 cryptocurrencies. The platform claims to offer zero-fee trading and an attractive fee for withdrawal of cryptocurrencies. POCKETBITS was started in 2016. It has its corporate office in Mumbai.

Why Cryptocurrency Exchange Platform Is The Best Place

 

The cryptocurrency exchange platform is the best place to buy and sell Bitcoin and other altcoins. All these platforms are a registered business, so there are very few chances that you would be losing your funds while dealing with them. Moreover, it is essential to provide KYC documents while trading with digital assets. Earlier, cryptocurrencies had been used in several financial crimes such as money laundering, terrorist financing etc. They cannot be bought or sold anonymously in India. Also, the country has yet to put more regulations on the use of cryptos.

Cryptocurrency exchange platforms have also been offering referral programs which let an individual earn passive income. There are also certain trading limits while dealing with cryptocurrency exchange platforms. This is done so that the business could operate smoothly. Apart from this, digital wallet services are also provided by these businesses, which allow users to buy and sell digital currencies in a fast and secure manner. The security and performance of the wallet are guaranteed by the crypto exchange, which is offering it. These wallets contain the private and public keys together with an interface having several blockchains allowing customers to keep track of their crypto balance. While dealing with a digital wallet, it is extremely crucial to know that private key should not be shared with any other individual, as there is a chance that the wallet could be hacked. Also, if you have lost your private key, it is quite challenging to get it restored. So, lots of prevention should be taken while buying and selling cryptocurrencies using cryptocurrency exchange wallet.

Final Thoughts

 

zero fee trading
In this article, I have given a list of zero-fee cryptocurrency exchanges in India. A cryptocurrency exchange platform is a most sought place to buy and sell cryptocurrencies in the country. There are some no-fee cryptocurrency trading platforms in India. However, they are many asking trading charges which are near to zero. The reason is that this is the only way of their income. They also provide a digital wallet, which eases the process of cryptocurrency trading. At present, Zebpay is claiming to provide zero-fee trading for a short period. Zero-fee trading is generally done to attract several customers to the platform in the initial stage of the business. Finally, I could say that India is a country where cryptocurrency business could easily flourish because there is a huge market, and the population is showing a significant amount of interest in the world of cryptos.

Articles You May Read

 

Shailesh Panwar
Shailesh Panwar

Shailesh is an ardent follower of the crypto world and keenly watches every development taking place in the cryptocurrency space. He loves to voice his opinions through well-curated blogs and articles, which throw light on different facets of the crypto industry.