While it was difficult to acquire cryptocurrencies a few years ago, today’s customers have a plethora of choices.
Unocoin wallet and Zebpay wallet are the two largest bitcoin platforms in India in 2015 where users may only purchase and sell bitcoin. Users are only allowed to purchase bitcoins from their wallets, not from other individuals. Users had to pay a little charge to complete their transactions since there was a pricing gap between purchasing and selling.
With Bitcoin’s price surging to over Rs. 14 lakhs in India in the last six months of 2017, the cryptocurrency business surged rapidly and spurred a search for Bitcoin alternatives.
Until recently, Unodax and Zebpay were India’s two most popular Bitcoin exchanges, accounting for 90% of the market share. It offers other organisations the opportunity to flourish with other cryptocurrencies and even forces Unocoin and others to introduce new currencies to their platform..
As one of India’s top blockchain companies, Unocoin, has created a unique platform for its customers to trade other Cryptocurrencies other than trading Bitcoin in Unocoin. UnoDAX, in contrast to Unocion, allows users to make orders for the immediate purchase and sale of any cryptocurrency, regardless of whether the recipient’s cryptocurrency is listed on UnoDAX.
Koinex, Coinsecure, Bitbns, and WazirX are some of the other significant Indian cryptocurrency exchanges.
To establish an account on any exchange, users must sign up using an email address and provide the required Know Your Customer (KYC) information. One may begin trading in the coins of their choosing after their account has been validated.
Before investing in any cryptocurrency, users should do their homework and avoid falling prey to the cryptocurrency-bubble. Users should look at the exchange’s trustworthiness, openness, and security, to name just a few factors.
Each transaction on an exchange is subject to a small fee. Maker fees and taker fees are the two sorts of fees. Transferring cryptocurrency to another exchange or a private wallet costs money in addition to the transaction charge. Because each exchange uses a distinct pricing module for transferring coins, the fees are exclusively determined by the latter.
