Looking to trade and make transactions on a digital currency exchange in India using Bitcoins but not able to choose which one to go for? Below a list of the top 5 Bitcoin exchanges from India where one can participate. Do note that you would require to own a digital wallet beforehand for some of these exchanges require you to do so.
Have a look at the top 5 Bitcoin exchanges from India:
An app enabled Bitcoin wallet provider and exchange with its IT office in Ahmedabad, India, Zebpay is a popular India based Bitcoin exchange that can be run on both of your android and ios devices. Using Zebpay, one can easily buy Bitcoins with a connected India bank account. It offers additional services, such as purchase of mobile airtime and gift vouchers for bitcoin. It is not very private since it requires ID verification, however its reputation is highly trusted and it charges very little fees. The speed at which transactions take place is average however it is relatively very easy to use.
One of India’s most popular and trusted Bitcoin and other digital currency trading and blockchain company. An Indian bank account, online banking, NEFT or RTGS can be used to buy Bitcoins on this network. Backed by several investors in the United States, a low fees is charged at 1% which is further reduced to 0.7% after sufficient trading volume. It requires ID verification so it is not completely private.
Although this is technically not a digital currency exchange let alone a Bitcoin exchange, it is basically a workaround or a hack to buy Bitcoins. You can’t buy Bitcoin with PayPal directly at VirWoX, but it’s possible to first buy Second Life Lindens (SLL) and then trade your SLL for Bitcoin. However, you would end up paying 10% in fees which is a relatively higher charge when compared to other Bitcoin exchanges. But since it is the only way to purchase bitcoins with PayPal or Skrill, VirWoX has become the easiest and most popular way to buy bitcoins with PayPal. It is a little hard to use but it offers a very high speed.
An Indian based cryptocurrency exchange, Coinmama enables customers from all over the world to buy Bitcoin tokens using a credit or debit card. It is a popular site for quick and easy buying of Bitcoins in small amounts since a purchase of Bitcoins less than $150 does not require you to identify yourself. This thus makes it a popular choice amongst small value customers. It has the highest limits for buying bitcoins with a credit card and is a reliable and trusted broker. With features like great ease of use and fast speed, they charge a 6% fees.
Private, fast and easy to use, in person trades on LocalBitcoins requires no identity verification. Bitcoin purchases can be efficiently and quickly made using cash deposits. It is a little hard to use but comes with great trusted reputation. However, it is a little hard to buy Bitcoins in large amounts on this exchange and it charges slightly to significantly higher prices than regular exchanges.