#indian crypto exchange with lowest fees

[yacrypto]

Get the Top Crypto Trading Platform - YaCrypto

YaCrypto gives the top crypto trading platforms. Our platform is designed to provide comprehensive guidance and support. YaCrypto is your go-to destination for cryptocurrency trading for beginners.

[cryptoexchange2024]

Crypto Trading Platform

The Best Crypto Trading Platform for Indian Users

Unitic Exchange is rapidly becoming one of the top crypto exchanges in India, providing a secure, intuitive, and user-friendly environment for all your cryptocurrency needs. As a government-registered platform (FIU: REID VA00045700), Unitic ensures that your crypto trading experience is safe, transparent, and fully compliant with regulations.

Why Unitic Exchange is the Best Crypto Trading App

In the crowded market of crypto trading apps, Unitic stands out due to its user-centric features, low fees, and seamless integration of bank transfers. Here’s why Unitic Exchange is the best app for crypto trading

Low Trading Fees: One of the lowest fee structures in the market ensures that your profits remain maximized.

Secure Transactions: Advanced security protocols protect your assets and personal information, making it the most secure crypto exchange.

Fiat-to-Crypto & Crypto-to-Fiat Conversions: Easy INR deposits and withdrawals through verified bank accounts offer an effortless trading experience.

Wide Range of Cryptocurrencies: Whether it’s Bitcoin, Ethereum, or popular altcoins, Unitic has a vast selection for traders to explore.

[platinxexchange7]

Get a Guide to Understanding the low withdrawal Fee Indian crypto exchange

Are you looking for a reliable cryptocurrency exchange platform in India? You should know more about this app is designed to provide you with a seamless experience when it comes to buying, selling, and trading digital currencies.

Continue reading: https://blog.platinx.exchange/the-lowest-withdrawal-fee-crypto-exchange-in-india-a-guide-to-platinx-exchange/

[cryptowanderer]

Features of KoinBX

If you’re an experienced crypto trader or beginner, looking forward a simple and secure cryptocurrency exchange app which allows you buy, sell and trade popular cryptocurrencies (Bitcoin, Ethereum, Ripple, Litecoin and more) then you are in the place! The best cryptocurrency exchange apps make it easy to buy and sell the currencies you want with low trading fees and high security features.

Major Features of KoinBX Cryptocurrency Exchange App:

Instant KYC

Instant INR Deposit & Withdrawal

Lowest Trading Fee

Superfast Account Creation

Deposit and Track Crypto

Electric Auto-Matching Engine

High liquidity

Best In-class Security

Referral Program

24x7 Support

Furthermore, crypto exchanges, investors, and enthusiasts unitedly accelerate crypto adoption worldwide. Although, KoinBX is one of the emerging popular Indian crypto exchanges, its crucial step towards global expansion by venturing into Europe showcases its commitment to its users.

The journey of KoinBX is in sync with the evolving nature and trends of the crypto industry. As India and Europe continue to fine-tune their legal frameworks, the crypto sector in both nations holds enormous potential for traders, investors, and blockchain supporters.

Download the KoinBX cryptocurrency exchange app now and start trading in world’s leading cryptocurrency exchange platform.

Sign-up KoinBX on 👉 http://koinbx.com/signup

Download KoinBX Android App 👉 https://play.google.com/store/apps/details?id=com.application.koinbazar

Download KoinBX iOS App 👉 https://apps.apple.com/in/app/koinbazar/id1567360326

[besttradingplatform1]

10 Best Crypto Trading Apps in India 2023

 Recent years have seen tremendous growth in the crypto market. And many Indians, especially youth have started trading in various cryptocurrencies. But how do you get started and begin investing in cryptocurrencies to make a quick profit? Using cryptocurrency exchange apps is the solution. So in this article, we’re going to talk about the best crypto trading apps in India, and a brief overview of them.

1.      WazirX: This one is the best trading app in India when it comes to cryptocurrency. This cryptocurrency exchange app lets you invest in INR, USD, BTC, and also P2P. They also offer their own coin called WRX, and this can be bought using INR. The most attractive part of the app is that you can earn coins by participating in various contests available on the app. They offer a seamless trading platform with the added benefit of educational materials on crypto. WazirX trading fees are 0.2% for both makers and takers.

2.      Unocoin: Unocoin is India's oldest cryptocurrency trading platform. You can easily sign-up in the app in just ten minutes by adding your bank details and registration information. For security purposes, they offer you biometric features like finger ID and passcode. Users can invest in Bitcoin through Unocoin's Bitcoin Systematic Buying Plan (SBP) by paying fractional amounts weekly or monthly. All buy and sell orders are subject to a 0.7% commission fee. Users can reduce this fee to 0.5% if they buy or sell at least 100 BTC.

3.      CoinSwitch Kuber: We may have heard this name in the IPL ads recently. This platform has received funding from well-known investors and venture capital firms such as Sequoia and others. It provides over 100 cryptos with different payment methods like UPI and fiat currency. For the first 100 days, there are no trading fees. However, once the trial period expires, users must pay CoinSwitch fees ranging from 0% to 0.5%.

4.      Bybit: It offers a large number of cryptocurrencies with the lowest trading fees. Also, they offer 0% spot trading fees and many rewards and bonuses for users that can be claimed after completing certain tasks. Bybit allows you to trade cryptocurrencies with up to 100x leverage with advanced trading options.

5.      ZebPay: It prioritises security by storing 98% of all tokens registered with ZebPay in cold/hardware wallets rather than online servers. This, combined with stringent internal controls, ensures that user assets are safeguarded regardless of what happens. The platform supports the refer-and-earn function. So, if you successfully sell the idea of crypto trading to others through Zebpay and if they sign up, then you will receive 50% of the trading fees made through your links for a year. The maker fee is 0.15%, the taker is 0.25% and for intraday 0.10%.

6.      CoinDCX: It is one of the versatile trading apps which lets you trade in 200+ trade coins. The main attraction of this app is that they provide highly-advanced trading features like future, margin trading, etc. It is also known for its crypto educational content like videos and blogs. At CoinDCX, maker fees and taker fees are both 0.1% with a minimum withdrawal limit of Rs. 1,000 without any additional fees.

7.      Bitbns: This app has more than 100 cryptocurrencies listed offering a wide range of features. With advanced tools and features, BNS allows you to automate your orders and is specially designed for beginners with a user-friendly interface.  They also have a lot of security options like 2FA, KYC, fingerprint, etc. They charge 0.25% for both the maker and taker fees.

8.      Binance: They are the largest crypto platform in terms of trade volume. They also offer a margin trading facility which is easy to use and for that, you need to complete your KYC verification process. Derivatives trading can have margins of up to 125X and spot trading can have margins of up to 10X. The fee for both maker and taker is 0.1%.

9.      KuCoin: This platform is a trustworthy, secure, and user-friendly trading platform that operates in over 200 countries. It is known as the largest exchange for trading over 700 cryptocurrencies. To earn more, you can use the Kucoin trading bot, duel investment, and staking feature. The fee for both maker and taker is 0.1%.

10.   BuyUcoin: A popular choice among millennials, BuyUCoin offers a simple user interface, real-time spot trading, a free wallet, cashback, and lifetime referral commissions. You can trade in cryptocurrencies using INR and they provide more than 130 pairs like BTC-INR, ETH-INR, etc. They charge you a fee of 0.24% for the maker as well taker.

[coincodecap]

What is the way to Buy ADA (Cardano) in 2021?

This post will explain how you may purchase Ada (Cardano). Various cryptocurrency exchanges and swapping platforms that offer Ada buying and selling services will be discussed. We'll also walk you through how to buy Ada on your phone and laptop in detail.

What is ADA (Cardano)?

Cardano was established in 2015 by Ethereum co-founder Charles Hoskinson. Cardano is the first blockchain platform to be developed on peer-reviewed research, and it employs the Ouroboros proof of stake consensus system. Cardano, which aspires to be a decentralized application (DApp), also allows for verified intelligent contracts and multi-asset ledgers.

Cardano's native coin, ADA, is one of the world's fastest-growing digital assets. Since its launch in 2015, ADA has continuously been listed among the top ten cryptocurrencies in market capitalization. In addition, it has a rapidly growing community and may quickly overtake Ethereum to establish an extensive blockchain ecosystem. You can learn more about Cardano from here.

What is the purpose of ADA (Cardano)?

ADA, which was named after Ada Lovelace, the first computer programmer, may be used for various applications:

It may be used to hold value, for starters.

It makes sending and receiving money easier.

Peers might utilize it to do business between themselves.

You may exchange ADA for fiat currencies and other crypto assets.

Where can I get Cardano (ADA)?

Swapping ADA for previously held crypto assets or stable currencies is one method of getting it. The following are the top venues for exchanging other digital currencies for ADA:

Swapzone 

SwapSpace

Crypto exchange platforms are another option for purchasing, selling, or trading ADA Cardano.

What are the best cryptocurrency exchanges to invest in Cardano?

Binance: ADA Cardano purchases, trades, and transactions are secure and straightforward on the platform. Read our Binance review to find out more.

Coinbase: ADA has been added to the exchange's list of supported coins.

Huobi: Huobi allows you to purchase, sell, and trade ADA Cardano with credit cards, debit cards, and bank transfers. 

Bittrex: Bittrex customers are encouraged to purchase ADA because of the increased security and one of the lowest fees.

Where can I get ADA Cardano?

As ADA grows in popularity, an increasing number of investors are considering purchasing it. ADA (Cardano) is available for purchase on mobile platforms, including Android and iOS devices and computers and PCs. ADA Cardano may be bought with US dollars, Indian rupees, and a variety of other fiat currencies. Furthermore, you may exchange ADA for other digital currencies.

How can I purchase ADA on Binance?

To begin, use your phone number or email address to create or log into your Binance account.

Use the verification code given to your address to confirm your account.

A 'Buy Crypto' button may be found in the top left corner of the main page. Choose it.

ADA can be purchased with a credit card:

Select the debit and credit card option from the drop-down box after selecting the Buy crypto option.

Select the ADA Cardano option under the Buy BTC option.

Enter the amount of ADA you'd like to purchase.

Select Buy ADA from the drop-down menu.

P2P Service

Binance also allows you to trade directly with other users in your currency. From the 'Buy crypto' drop-down menu, select the P2P trading option. In addition, you can choose from a variety of trade offers from other vendors.

Third-party payment:

Many fiat currencies, such as the INR, may not allow for direct purchases. In such instances, though, a third-party payment mechanism can be used. For example, Binance works with Simplex, Paxos, and other exchanges to allow customers to buy ADA from anywhere globally.

How do I purchase ADA on WazirX?

The platform's services are flexible, and they can be used on Windows and Mac computers and mobile devices. Furthermore, it is considered one of the best platforms in India, and to learn more about the platform you can click here.

What is WazirX, and how can I utilize it?

On WazirX's official website, select the "sign-up" option.

Fill in your information, consisting of your email address, password, and referral code (if applicable), and then click the "Submit" button.

Log in after verifying your account.

By completing the relevant information and submitting a selfie, you may complete the KYC verification procedure.

In the account area, select INR as the currency.

Select Deposit INR as well as the deposit method.

Within a short period, the money will appear in your WazirX account.

Steps to buy ADA on WazirX:

Click the 'Exchange' option after successfully login into your WazirX account.

In the INR area, look for ADA (Cardano).

Select the 'Buy' option in the trade window.

You can choose the market as the order type or specify a price limit.

Hit the purchase button after entering the amount of ADA you want to buy.

Within a few minutes, your order will be completed successfully.

What is the Cardano price forecast?

The dynamics of the bitcoin market are unexpected, and no one can predict what will happen in the future with certainty. As a result, you should conduct an extensive study and make an informed selection.

[thecryptobaba7]

Legality of Cryptocurrency in India Explained

Crypto regulation in India took a new turn in 2020: The Supreme Court proved the RBI decision to ban crypto-related activities to be unconstitutional. This shed some light on the legality of crypto in India and clarified that no bank can deny banking to traders trading in Crypto assets as long as they report and pay taxes on transactions.

Cryptocurrency adoption is growing massively in India. In the last two years, the country has seen the crypto asset market grow to USD 15 billion as well as a rising count of investors and companies, with many new exchanges currently opening up their branches in the country. This has been fueled by the Supreme Court case of 2020, which reversed the RBI ban and the new taxation clarity for cryptocurrency transactions, portrayed in the so-called CREBACO report.

CREBACO report

In terms of tax implications, the CREBACO report, made by Think Tank CREBACO and the prominent law firm Khaitan & Co, states that cryptocurrency transactions are fully taxable under Indian laws. They are liable to pay GST, capital gains tax, and corporate income tax on income generated from such activities.

The report also presented a proposal for a comprehensive regulatory framework stating that “decentralised ecosystems are unprecedented and hold great potential. We must learn from the leading countries of the world who have regulated this space, and also highlights a fact that banning something like this is not even an option. India is mainly looking at the Blockchain technology and the possibilities of crypto assets cannot be ignored”.

2018 RBI ban and 2020 Supreme Court Decision

When it comes to the legal history of cryptocurrencies in India, the first drawback was the 2018 RBI ban. Back then, RBI issued a circular that directed the entities-

(i) Not to deal in virtual currencies nor to provide services for facilitating any person or entity in dealing with or settling virtual currencies;

(ii) To exit the relationship with such persons or entities, if they were already providing such services to them.

That ban, however, proved to be unconstitutional. In 2020, The Supreme Court of India overturned the RBI decision. The Court found that a blanket ban was disproportionate and that virtual currencies had caused no visible damage to banks regulated by the RBI. As such, the Court held that the impugned circular was “manifestly arbitrary, based on non-reasonable classification and it imposes disproportionate restrictions”.

This judgment offers hope for cryptocurrency traders in India. Now, no bank can deny banking to traders trading in crypto assets, as long as they report and pay taxes on their transactions.

The recent tax developments and the Supreme Court rule can be viewed as a hint that crypto will not be banned in India, that the trend is likely to continue and that the outlook on cryptocurrency regulation in India must be optimistic.

Growth of cryptocurrency exchanges in India

The legal clarity and the Supreme Court ruling has made a positive impact on the industry. Since the last time CREBACO evaluated the Indian ecosystem in 2018, the crypto asset market has gone up by over 40%. This means that from the previous estimate of USD 12.9 billion, the current crypto ecosystem has grown to a potential market size of over USD 15+ billion with an investor pool of around 6 million users.

This has driven a number of exchanges and crypto-based companies to recently open up their offices in India, and with great success.

One of them is award-winning crypto exchange Coinsbit, which is opening in India under the name of Coinsbit India. Coinsbit’s features include lowest trading fees, safe transactions, telephone IVR customer support, and many more, which can be found here.

As Coinsbit India founders, Akshit Khanna, said: “We believe that India deserves blockchain & cryptocurrencies as it not only helps the crypto Investors in India but will also provide a massive opportunity to thousands and thousands of developers, technological genius minds, and entrepreneurs who can now solve the world’s most challenging problems by leveraging and using this amazing technology.”

Since its inception in 2015, Coinsbit has been one of the most trusted exchange platforms for cryptocurrency traders worldwide. Coinsbit does daily transactions worth 2 billion $/day and has a user base of around 6–7 million clients. It looks to become the foremost trading ground for a market that’s just beginning to see cryptocurrency’s potential. It operates in compliance with the guidelines set out by the government of India at all times.

And there are others opening in the country too. In the case of cryptocurrency exchange WazirX, “for the full financial year, trading volume during the financial year 2020–21 on WazirX has surged nearly 2,600% to $8.4 billion year-on-year”. Moreover, Between January to May 2020, Paxful reported 883% growth from around $2.2 million to $22.1 million. Even a Sequoia-backed CoinSwitch Kuber, which allows virtual currency purchases in Indian rupees, was founded during the coronavirus economic downturn. It managed to add over 200,000 users, reporting volumes of about $200–300 million.

Conclusion

An outright ban would only fuel the black market — something that would not be of benefit to anyone. As the CREBACO report shows, big businesses are overwhelmingly looking for clarity in the area, and, with the latest developments in taxation, the trend is likely to continue.

As stated in the report itself: “Innovation and technology should not be controlled or banned. If they are banned, the country of the ban is usually punished, whereas other jurisdictions expedite development. Cryptocurrencies are here to stay — Better regulate than ban them.”

About Coinsbit

Coinsbit India is a joint venture between Cryptic Coinsbit India and Prof-it Limited, intending to bring the best cryptocurrency exchange platform to India. With its headquarters in Estonia, the popular cryptocurrency exchange platform has a reported user base of 5 million users and a monthly transaction volume of around $30 billion-plus USD. It was named the best 2018 crypto exchange at Asian Blockchain Life, 2019.. Their strengths include well-timed order execution, local market insight, and multi-tier crypto asset security management bringing a full suite of services that a blockchain and a global exchange provides to the users.

Follow Us:

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[koinbazar]

Why 2021 is the best time to invest in Ripple (XRP)?

If you are a beginner in the cryptocurrency industry in 2021, and you don't have any knowledge about Ripple (XRP) coin. Then, this blog will be very helpful for you to understand more about Ripple (XRP) cryptocurrency. Because XRP coin has come at its lowest price.

Why 2021 is the best time to invest in Ripple (XRP)?

2021 is one of the best years to invest in Ripple (XRP) assets, because of many reasons behind it.

What is Ripple (XRP)?  - An Overview

Ripple (XRP) is a technology that acts as a cryptocurrency and digital payment network for financial transactions. It was released in the year 2021 and Chris Larsen & Jed Mccaleb are the co-founders of Ripple coin. It can be used as an interchange medium. However, the Ripple coin is also known as XRP.

Best time to invest in Ripple (XRP):

Many of the crypto analysts agreed that Ripple will be going to rule in the crypto industry and perfect pickup for the new & existing investors (or) users. Ripple (XRP) is the best option to buy in the future. Here's an overview of Ripple's investments. Currently, the price of 1 XRP is $1.47 (Note: Price will be changing on a daily market basis). However, if you invest a tiny amount in it, you will get a turnover more than that you have invested. In 2018, the Ripple coin has reached its price of more than $3.10. But, some of the crypto specialists think that it would reach $1000 within the next 10 years.

Is Ripple (XRP) a good investment in 2021?

If you are planning to invest in XRP and buy ripple at the best price, then 2021 would be the best time to invest in ripple. Since the beginning of 2021, the XRP price goes down. It is predicted that the price of ripple coins will be rising continuously in the upcoming days. So, this is the right time to buy ripple in 2021.

How to invest in Ripple (XRP) currency?

Nowadays, it's simple to invest in Ripple (XRP). At first, you must join any of the reputed crypto exchange platforms to make your investments in Ripple. Currently, most of the exchanges in India have the access to buy, sell, and trade Ripple with INR (Fiat currencies). Let's say, Koinbazar, which is one the best crypto exchange platform in India. So, 2021 is the right time for the investors (or) traders to invest in ripple.

Is Ripple (XRP) worth buying in India 2021?

Yeah!!!, Ripple is the best investment in 2021. XRP works a gap between currencies. So, any currency can be traded with another.

If you want to buy Ripple in India after you know more about the live markets of XRP price in INR, then I would recommend "Koinbazar", one of the leading and safest cryptocurrency exchanges where you can buy, sell and exchange XRP to INR at the best rate and also you can make an investment on major cryptocurrencies like Bitcoin (BTC), Ether (ETH), TRON (TRX) and a lot more.

Koinbazar supports instant INR and crypto deposit options. which makes it easy for traders to invest in any cryptocurrencies which like the most. To invest and get a good return from it, check the website, sign up with Koinbazar, Complete KYC, link your bank account, deposit your funds and start trading. For the Indian user who has completed the above-mentioned details, you will get 50 KBC tokens FREE and it gets deposited into your Koinbazar account wallet. And also you want to earn more from the Koinbazar referral program, share the referral link (or) code with your friends to earn 50 FREE KBC tokens and also get 50% commission on their trading fees.

[cryptopop12]

Legality of Cryptocurrency in India Explained

Crypto regulation in India took a new turn in 2020: The Supreme Court proved the RBI decision to ban crypto-related activities to be unconstitutional. This shed some light on the legality of crypto in India and clarified that no bank can deny banking to traders trading in Crypto assets as long as they report and pay taxes on transactions.

Cryptocurrency adoption is growing massively in India. In the last two years, the country has seen the crypto asset market grow to USD 15 billion as well as a rising count of investors and companies, with many new exchanges currently opening up their branches in the country. This has been fueled by the Supreme Court case of 2020, which reversed the RBI ban and the new taxation clarity for cryptocurrency transactions, portrayed in the so-called CREBACO report.

CREBACO report

In terms of tax implications, the CREBACO report, made by Think Tank CREBACO and the prominent law firm Khaitan & Co, states that cryptocurrency transactions are fully taxable under Indian laws. They are liable to pay GST, capital gains tax, and corporate income tax on income generated from such activities.

The report also presented a proposal for a comprehensive regulatory framework stating that “decentralised ecosystems are unprecedented and hold great potential. We must learn from the leading countries of the world who have regulated this space, and also highlights a fact that banning something like this is not even an option. India is mainly looking at the Blockchain technology and the possibilities of crypto assets cannot be ignored”.

2018 RBI ban and 2020 Supreme Court Decision

When it comes to the legal history of cryptocurrencies in India, the first drawback was the 2018 RBI ban. Back then, RBI issued a circular that directed the entities-

(i) Not to deal in virtual currencies nor to provide services for facilitating any person or entity in dealing with or settling virtual currencies;

(ii) To exit the relationship with such persons or entities, if they were already providing such services to them.

That ban, however, proved to be unconstitutional. In 2020, The Supreme Court of India overturned the RBI decision. The Court found that a blanket ban was disproportionate and that virtual currencies had caused no visible damage to banks regulated by the RBI. As such, the Court held that the impugned circular was “manifestly arbitrary, based on non-reasonable classification and it imposes disproportionate restrictions”.

This judgment offers hope for cryptocurrency traders in India. Now, no bank can deny banking to traders trading in crypto assets, as long as they report and pay taxes on their transactions.

The recent tax developments and the Supreme Court rule can be viewed as a hint that crypto will not be banned in India, that the trend is likely to continue and that the outlook on cryptocurrency regulation in India must be optimistic.

Growth of cryptocurrency exchanges in India

The legal clarity and the Supreme Court ruling has made a positive impact on the industry. Since the last time CREBACO evaluated the Indian ecosystem in 2018, the crypto asset market has gone up by over 40%. This means that from the previous estimate of USD 12.9 billion, the current crypto ecosystem has grown to a potential market size of over USD 15+ billion with an investor pool of around 6 million users.

This has driven a number of exchanges and crypto-based companies to recently open up their offices in India, and with great success.

One of them is award-winning crypto exchange Coinsbit, which is opening in India under the name of Coinsbit India. Coinsbit’s features include lowest trading fees, safe transactions, telephone IVR customer support, and many more, which can be found here.

As Coinsbit India founders, Akshit Khanna, said: “We believe that India deserves blockchain & cryptocurrencies as it not only helps the crypto Investors in India but will also provide a massive opportunity to thousands and thousands of developers, technological genius minds, and entrepreneurs who can now solve the world’s most challenging problems by leveraging and using this amazing technology.”

Since its inception in 2015, Coinsbit has been one of the most trusted exchange platforms for cryptocurrency traders worldwide. Coinsbit does daily transactions worth 2 billion $/day and has a user base of around 6–7 million clients. It looks to become the foremost trading ground for a market that’s just beginning to see cryptocurrency’s potential. It operates in compliance with the guidelines set out by the government of India at all times.

And there are others opening in the country too. In the case of cryptocurrency exchange WazirX, “for the full financial year, trading volume during the financial year 2020–21 on WazirX has surged nearly 2,600% to $8.4 billion year-on-year”. Moreover, Between January to May 2020, Paxful reported 883% growth from around $2.2 million to $22.1 million. Even a Sequoia-backed CoinSwitch Kuber, which allows virtual currency purchases in Indian rupees, was founded during the coronavirus economic downturn. It managed to add over 200,000 users, reporting volumes of about $200–300 million.

Conclusion

An outright ban would only fuel the black market — something that would not be of benefit to anyone. As the CREBACO report shows, big businesses are overwhelmingly looking for clarity in the area, and, with the latest developments in taxation, the trend is likely to continue.

As stated in the report itself: “Innovation and technology should not be controlled or banned. If they are banned, the country of the ban is usually punished, whereas other jurisdictions expedite development. Cryptocurrencies are here to stay — Better regulate than ban them.”

About Coinsbit

Coinsbit is a cryptocurrency exchange with its headquarters in Estonia, launched in 2018. It was named the best 2018 crypto exchange at Asian Blockchain Life, 2019. Coinsbit India is a joint venture between Cryptic Coinsbit India and Prof-it Limited, intending to bring the best cryptocurrency exchange platform to India. The popular cryptocurrency exchange platform has a reported user base of 4 million users and a monthly transaction volume of 12 billion-plus USD. They offer full support as your partner in cryptocurrency asset management. Their strengths include well-timed order execution, local market insight, and multi-tier crypto asset security management bringing a full suite of services that a blockchain and a global exchange provides to the users.

Follow Us:

Twitter | Telegram | Instagram | Facebook | Linkedin | Website

[cryptopop122]

Legality of Cryptocurrency in India Explained

crypto regulation in India took a new turn in 2020: The Supreme Court proved the RBI decision to ban crypto-related activities to be unconstitutional. This shed some light on the legality of crypto in India and clarified that no bank can deny banking to traders trading in Crypto assets as long as they report and pay taxes on transactions.

Cryptocurrency adoption is growing massively in India. In the last two years, the country has seen the crypto asset market grow to USD 15 billion as well as a rising count of investors and companies, with many new exchanges currently opening up their branches in the country. This has been fueled by the Supreme Court case of 2020, which reversed the RBI ban and the new taxation clarity for cryptocurrency transactions, portrayed in the so-called CREBACO report.

CREBACO report

In terms of tax implications, the CREBACO report, made by Think Tank CREBACO and the prominent law firm Khaitan & Co, states that cryptocurrency transactions are fully taxable under Indian laws. They are liable to pay GST, capital gains tax, and corporate income tax on income generated from such activities.

The report also presented a proposal for a comprehensive regulatory framework stating that “decentralised ecosystems are unprecedented and hold great potential. We must learn from the leading countries of the world who have regulated this space, and also highlights a fact that banning something like this is not even an option. India is mainly looking at the Blockchain technology and the possibilities of crypto assets cannot be ignored”.

2018 RBI ban and 2020 Supreme Court Decision

When it comes to the legal history of cryptocurrencies in India, the first drawback was the 2018 RBI ban. Back then, RBI issued a circular that directed the entities-

(i) Not to deal in virtual currencies nor to provide services for facilitating any person or entity in dealing with or settling virtual currencies;

(ii) To exit the relationship with such persons or entities, if they were already providing such services to them.

That ban, however, proved to be unconstitutional. In 2020, The Supreme Court of India overturned the RBI decision. The Court found that a blanket ban was disproportionate and that virtual currencies had caused no visible damage to banks regulated by the RBI. As such, the Court held that the impugned circular was “manifestly arbitrary, based on non-reasonable classification and it imposes disproportionate restrictions”.

This judgment offers hope for cryptocurrency traders in India. Now, no bank can deny banking to traders trading in crypto assets, as long as they report and pay taxes on their transactions.

The recent tax developments and the Supreme Court rule can be viewed as a hint that crypto will not be banned in India, that the trend is likely to continue and that the outlook on cryptocurrency regulation in India must be optimistic.

Growth of cryptocurrency exchanges in India

The legal clarity and the Supreme Court ruling has made a positive impact on the industry. Since the last time CREBACO evaluated the Indian ecosystem in 2018, the crypto asset market has gone up by over 40%. This means that from the previous estimate of USD 12.9 billion, the current crypto ecosystem has grown to a potential market size of over USD 15+ billion with an investor pool of around 6 million users.

This has driven a number of exchanges and crypto-based companies to recently open up their offices in India, and with great success.

One of them is award-winning crypto exchange Coinsbit, which is opening in India under the name of Coinsbit India. Coinsbit’s features include lowest trading fees, safe transactions, telephone IVR customer support, and many more, which can be found here.

As Coinsbit India founders, Akshit Khanna, said: “We believe that India deserves blockchain & cryptocurrencies as it not only helps the crypto Investors in India but will also provide a massive opportunity to thousands and thousands of developers, technological genius minds, and entrepreneurs who can now solve the world’s most challenging problems by leveraging and using this amazing technology.”

Since its inception in 2015, Coinsbit has been one of the most trusted exchange platforms for cryptocurrency traders worldwide. Coinsbit does daily transactions worth 2 billion $/day and has a user base of around 6–7 million clients. It looks to become the foremost trading ground for a market that’s just beginning to see cryptocurrency’s potential. It operates in compliance with the guidelines set out by the government of India at all times.

And there are others opening in the country too. In the case of cryptocurrency exchange WazirX, “for the full financial year, trading volume during the financial year 2020–21 on WazirX has surged nearly 2,600% to $8.4 billion year-on-year”. Moreover, Between January to May 2020, Paxful reported 883% growth from around $2.2 million to $22.1 million. Even a Sequoia-backed CoinSwitch Kuber, which allows virtual currency purchases in Indian rupees, was founded during the coronavirus economic downturn. It managed to add over 200,000 users, reporting volumes of about $200–300 million.

Conclusion

An outright ban would only fuel the black market — something that would not be of benefit to anyone. As the CREBACO report shows, big businesses are overwhelmingly looking for clarity in the area, and, with the latest developments in taxation, the trend is likely to continue.

As stated in the report itself: “Innovation and technology should not be controlled or banned. If they are banned, the country of the ban is usually punished, whereas other jurisdictions expedite development. Cryptocurrencies are here to stay — Better regulate than ban them.”

About Coinsbit

Coinsbit India is a joint venture between Cryptic Coinsbit India and Prof-it Limited, intending to bring the best cryptocurrency exchange platform to India. With its headquarters in Estonia, the popular cryptocurrency exchange platform has a reported user base of 5 million users and a monthly transaction volume of around $30 billion-plus USD. It was named the best 2018 crypto exchange at Asian Blockchain Life, 2019.. Their strengths include well-timed order execution, local market insight, and multi-tier crypto asset security management bringing a full suite of services that a blockchain and a global exchange provides to the users.

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[platinxexchange]

Best Indian Exchange for Cryptocurrency

PlatinX Exchange is the best Indian exchange for cryptocurrency because it offers an array of tools to traders to indulge in arbitrage trading. Crypto assets are best for arbitrage trading and PlatinX Exchange provides a host of facilities to smooth the process and allow for trades to execute seamlessly. Moreover the trading fee is lowest thereby allowing more profits for professional traders.

[cryptobullsclub]

Giottus review

The cryptocurrency, or as it is called by the analysts The Future Of Money has set its foot in India a long time back. But the lack of a proper platform had kept people from exploring much about the digital assets but that road has been laid now with Indian based crypto exchange platforms. Giottus is one of the original indian crypto trading platforms.

What is Giottus ?

Giottus is a Crypto exchange platform originally based in India. Giottus claims to be the easiest place to buy, sell, and manage your cryptocurrency portfolio. Giottus is a reliable and trustworthy platform, which can be used by any new or old investor to trade or exchange Crypto. To protect the customers and their digital assets, Giottus uses highest level of cyber security. The platform architecture, it's order matching machine, banking partnerships and security makes giottus a powerful trading platform.

How to create an account on Giottus?

Trading on Giottus is actually very easy and simple. And in order to do that, one needs to have an account with Giottus. The steps to create an account on the Giottus platform are : 1. Visit the official website of Giottus. 2. From the left menu, click on "Register" 3. Fill in your name, mobile number, email id, and set a password. If you have any referral code, enter that. 4. Verify your email address or your phone number. 5. You need to verify your account with KYC. 6. Fill in your details for KYC 7. Attest the necessary documents for verification 8. Once your Id is verified, you're good to go. When your Id is verified through KYC, you're registered as a legal member to use the Giottus platform and start trading in cryptos.

Pros :

• The platform is user friendly and is built for everyone, including beginners and professionals. This encourages everyone to trade. • The Giottus provides you digital cold wallets which are 100% insured against any cyber thefts. They've partnered with Bitgo for the complete insurance. • The platform has a powerful order processing engine which can hold millions of transactions together. • Giottus provides attractive rates while trading due to its liquidity feature. It also charges Less fees on trading and offers free INR deposit. • Giottus claims to offer the best customer service and ensures Instant resolution for any problem or concern raised by the user.

Cons :

• Crypto currency portfolio settings feature is not available in the application which means the investors cannot see the market portfolio of different crypto. • There is no registration or mention of nominee details in the app. • Tracking cryptocurrency with one's own wallet cannot be done.

Conclusion :

With the lowest fees charged on trading and best liquidity offered, Giottus has become one of the leading trading platforms in India. It is highly recommended for both beginners and advanced investors. The user friendly platform makes trading much easier than one can believe. Hence, with proper speculation anyone can easily use Giottus for trading. The Beginners can learn more about crypto from here. Find out more about exchange platforms Visit Cryptobullsclub : Best cryptocurrency exchange platforms

[buybitcoinindia]

5 Best & Easy Ways To Buy Vitae

The Vitae utility token supported with a high-end immutable blockchain will be the only payment method on their platform. Vitae Token with the ticker VITAE is a cryptocurrency from Switzerland with a current market cap of $59,837,786. The algorithm of the blockchain is ‘POS 2.0’ and it has a ‘Hybrid PoW/PoS’ proof type. It currently has a circulating supply of 19,471,178, a total supply of 24,072,502 and the max supply is 100,000,000 VITAE.

This guide shows you all the best and easy ways to Buy Vitae.

In order to buy Vitae, user can register on one of the crypto exchanges such as Koinbazar, Binance, Paxful and more. Completing KYC is mandatory for Koinbazar Exchange. One can further secure his/her Vitae wallet with 2-step verification following which bank account details have to be added to begin trading Vitae in India with INR. As a user, you can set his/her monthly or weekly, or even daily targets and decide the markets you would want to trade. Apart from INR, user can also buy Vitae with bitcoin and other cryptocurrencies too .

After that, we will get into specific cryptocurrency exchange platforms to use depending on how you want to buy Vitae.

Step 1:  Choose a Payment Method

You want to choose how you’d like to buy the Vitae.

Simple methods of buying Vitae include:

Bitcoin or other cryptocurrency

Bank or Wire Transfers

Credit or Debit Cards

Step 2 : Select a Exchange Platform

Once you’ve fixed which payment method you want to utilize the exchange, you’ll need to find a cryptocurrency exchange platform that supports that payment method.

Step 3 : Create Your Trading Account

After you’ve chosen a cryptoc exchange platform, it’s time to create an account.

The process of creating an account is usually different on each exchange to other exchange platform, but for the most common part it will includes of:

Creating a Username and Password

Protecting it with Two-Factor Authentication

Complete Profile Creation

Going through a “KYC” process where your identity is confirmed

Occasionally a waiting period before you can buy

Step 4 : Deposit Money or Cryptos

Now that your exchange account is set up on your selected crypto exchange platform, it’s time to deposit money or cryptos

Usually you can find this setting in the “Deposit” section of the all the exchange platforms.

Step 5: Buy your Vitae

With your money or crypto on deposit, its time to do buy your Vitae on specified crypto exchange.

Buy Vitae with Bank Account

There are many ways to buy Vitae with a bank account & this normally comes with the lowest transaction fees. koinbazar is one of  India's leading cryptocurrency exchange that supports Vitae and many other crypto coins.  Deposits can be made quickly via bank transfer and also offer "Instant Deposit". With the Instant Deposit, users can now instantly deposit Indian Rupee (INR) to their Koinbazar wallet and start to buy Vitae.

Buy Vitae with Bitcoin

You can buy Vitae with Bitcoin at Koinbazar. This is because most of the global Vitae trading volume is usually done in the Vitae/BTC pair.

KOINBAZAR

For Indian customers, Koinbazar has some of the highest volume and is a simple way to turn your BTC into Vitae, especially if you already utilized Koinbazar to initially buy Bitcoin or other cryptos. If so, you won’t even want to create a new exchange account. You can just simply start trading your bitcoins into Vitae. In order to use Koinbazar, you have to Register for a Koinbazar account first.

 Further Reading - How to Buy & Sell Vitae in India?

[rahulkohali79]

Best‌ ‌Exchanges‌ ‌to‌ ‌Buy‌ ‌Ethereum‌ ‌(ETH)‌ ‌In‌ ‌India‌ ‌

Ethereum is a blockchain-based computing platform that enables developers to build and deploy decentralized applications (Dapps)—meaning the ones not run by any centralized authority. You can create a Dapp for which the users of that particular application are the decision-making authority.

ETHEREUM FEATURES:

Ether: Ether is Ethereum’s cryptocurrency.

Smart contracts: Ethereum allows the development and deployment of smart contracts.

Ethereum Virtual Machine: ETH provides the underlying technology—the architecture and the software—which allows you to understand smart contracts and allows you to interact with the same.

Decentralized applications (Dapps): ETH allows you to create consolidated applications, called decentralized applications also known as a Dapp (also spelt DAPP, App, or DApp) for short.

Decentralized autonomous organizations (DAOs): This crypto allows you to create DAOs for democratic decision-making.

ETHEREUM USES:

Can be used as a payment tool

A token issuance platforms

The Trustworthy Platform For Stablecoins

Can be used as Multi-Sig For Company Operations

ETH As The Biggest DApp Ecosystem

BEST EXCHANGES TO BUY ETHEREUM IN INDIA

After the Supreme Court ruling which lifted the banking ban on cryptocurrency, many cryptocurrency exchanges emerged. India also witnessed a surge in investment from traders and buyers who wanted to try their luck in the cryptocurrency market. This spread not only brought a number of international cryptocurrency exchanges to the home country but also led to the development of multiple local cryptocurrency exchanges and trade markets to cater to Indians.

A cryptocurrency exchange is a trading platform that allows the user to buy, sell, or trade cryptocurrencies. The cryptocurrency exchanges mostly support the top cryptocurrencies, as mentioned in Coinmarketcap. There are many exchanges, in some, people are looking for the security of their crypto holdings in other cryptocurrency exchange rates, the users can reach out to the exchanges that offer great functionality, are user-friendly, and secured.

Below are few exchanges which are trusted, prominent, and user friendly to

buy Ethereum in India

.

PCEX MEMBER

PCEX Member, a crypto broker of an Estonia based cryptocurrency exchange is the leading and trusted

coin trading platform in India

. Running independently in India, Traders have a wide variety of options for cryptocurrencies like BTC, LTC, BCH, ETH, and many more.

Being the best

crypto broker in India

, PCEX Member has the lowest trading fee with a digital wallet whose custody is solely given to clients. Trading can be done through INR, USD, USDT, and C2USD. PCEX Member consists of an added layer of franchisees, master franchisees which ensures credibility for the end-user. The platform is soon going to launch its futures trading, that one means one can go for ETH Futures too!

PLATFORM FEATURES:

The franchise business model ensures high-liquidity resulting in profitable trades for all the traders and investors.

No hidden fees are charged on this exchange while buying ETH. PCEX Member-only charges a Single Fee Transaction Fee. Unlike other exchanges, there are No maker & taker charges or AMC charges.

Payments are accepted through all wallets, credit & debit cards. Also, one can convert fiat money to digital currency or vice-versa all in one place.

PCEX Member employs a five-layer security model which leaves out just 1 in a billion chances of your account being compromised

The user-friendly interface provides a super fast and convenient platform to exchange your digital assets.

Lastly, the exchange is going to launch its Android app soon which will make the Ethereum trading easy and handy.

WAZIRX

WazirX is considered as the ruler of Indian cryptocurrency as it is one of the prominent exchange platforms. WazirX platform was created in 2017, and within two years of existence, it gained huge popularity among significant investors and users. On the security front, the platform conducts regular security audits to ensure the safety of its user’s investments and keep the platform safe and secure.

WazirX is quite competitive when it comes to trade fee as compared to other exchanges. The exchange is backed by the world's largest exchange Binance

PLATFORM FEATURES:

WazirX has its coin WazirX( WRX) for trading on its platform at discounted fees.

​According to Coin Market Cap, the traded Volume of the platform for 24 hours is 3 million USD.

The first real-time open order booking system was introduced by this exchange.

To provide mobile-based trading to their clients, wazirx has launched a mobile application for trading which is available at iOS as well as android phone systems.

Transactions on wazirx are faster; it could handle millions of transfers in a second

After collaboration with Binance, it offered 100+ WRX to the first 30,000 traders who signed up in wazirx

GIOTTUS

Giottus is another local crypto trading platform which is internationally recognized for its ability to handle almost 50 thousand transactions per second while guaranteeing stability even when millions of orders are placed at one time. It was created with a motive to provide zero downtime and high processing speed to its users. It works with the P2P model. For signing up, users have to go through a quick KYC process, and it’s mandatory for all their users.

Giottus displays, the updates of the Crypto industry in their exchange by collecting information from different 60,000 credible sources

They assure a maximum of 30 minutes as the transaction time during the trade.

Bitmax-a Singapore based exchange holds hands with this exchange platform.

Giottus allows you to

trade cryptos for INR

.

COINBASE

In the USA, Europe, Canada, UK, and India, Coinbase is the easiest way to buy cryptocurrency Ethereum with a credit card or debit card. Coinbase is the world’s largest crypto exchange and a broker. With their exchange, called Coinbase Pro clients buy and sell offers to other users on the platform and Coinbase charges a cut of the deals. The fees will amount to 3.75% and you can buy it instantly.

The easiest and fastest way to buy Ether in the USA, Europe, UK, and Canada

The signup process is fast and the website is easy to use Coinbase is one of the most trusted cryptocurrency exchanges throughout the globe.

It is the Beginner Friendly crypto platform The exchange also has an Integrated Wallet, so users need not to have an independent wallet.Coinbase has its Mobile App available on iOS and android phone

COINDCX

CoinDCX, launched in 2018, is India’s largest and safest crypto trading platform. The exchange is the most versatile exchange present in India and has a convenient and straightforward user interface that supports limitless trading on the CoinDcx exchange platform.This exchange that supports INR as Fiat currency became one of the first platforms to allow deposits and withdrawals directly from bank accounts. This means one can buy ETH can be bought and sold in INR.

CoinDCX also supports 200+ cryptocurrencies, including the important ones like Bitcoin and Ethereum and others like DASH, XRP, etc.Other than bank transfers it also accepts various payment methods like UPI and IMPS.The platform takes care of their client’s security by following a two-factor authentication method. However, user accounts have to be KYC verified.

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This site bitcoin cashout is the right place to get exchange your bitcoin to pm on the easiest and simple way we are deal in all types of digital currency; we have the best exchange services for you. We also support your BTC on mobile. You can sell or buy your bitcoin anywhere in the world. You can exchange your bitcoin into us dollar. This will always give you the best services across the globe. We can convert BTC into us dollar with PayPal at a very low fee. If you are worried about how do i cash out bitcoins with paypal, you are in the right place because other sites charge a very high fee for exchange bitcoin cash out, but this site is free for our loved customers, you can cash out your BTC with PayPal and exchange them at a very low price, we are the best partner of your digital currency portfolio. This site is reliable for you. Everyone has his logins and passwords because your privacy is most impotent for us. With this, you can use western union for exchange btc instantly with the lowest fee. We deal with okpay, crypto, PayPal, skrill,coinbase , etc. Best for individual just as business use, expanded security settings, supporting euros, dollars, pounds, peso, Indian rupee, and the sky is the limit from there. Most effective program while keeping effortlessness in easy to use the dashboard to transform the financial system immediately. Would you like to be stay refreshed with crypto news, coins, tokens digital resources, bits satoshi, and so on candle diagrams, portfolio tracker, money converter including fiat. Become more acquainted with best an ideal opportunity to put resources into blockchain venture, sell crypto possessions at a high rate for crypto to fiat money converter. It's presently simple to sell bitcoin as a bitcoin dollar exchange seller. You can set your prices, and the advantage of more than 300 installment alternatives to get paid for the bitcoin you sell. As bitcoin cashout is a shared commercial center, you can sell your bitcoin legitimately to more than 3 million clients worldwide. Our foundation makes it incredibly simple for learners and veterans the same to make a benefit.

[thecryptobaba7]

founders note

We are delighted to communicate with all of you that we are about to bring in Europe’s Biggest & Award-Winning Cryptocurrency Exchange “COINSBIT INDIA” in partnership with Coinsbit.

For those who don’t know about Coinsbit, we would like to give you a brief Introduction:

What is Coinsbit & Coinsbit India?

Since its inception in 2015, Coinsbit has been one of the most trusted exchange platforms for cryptocurrency traders worldwide. Our millions of daily active users are a testament to our service and best-in-class safety practices.

Coinsbit does daily transactions worth 2 billion $/day and has a user base of around 6–7 million clients.

Coinsbit India looks to become the foremost trading ground for a market that’s just beginning to see cryptocurrency’s potential. We operate in compliance with the guidelines set out by the government of India at all times. Coinsbit looks to bring service, reliability, and convenience that any other platform cannot match, and we’re proud to be one of the world’s largest cryptocurrency exchanges.

Who are we?

We are a bunch of Bitcoin investors, blockchain enthusiasts, and consultants who started investing in Bitcoin & other cryptocurrencies in 2014. We are also pleased to let you know that Coinsbit team has vested their direct interest in India’s operation, so we can say that we clearly understand about cryptocurrency exchanges, what blockchain is & its core Basis:

Efficiency, Scalability, Trust, Transparency, Safety & Reliability.

And we want to work on the same core principles of blockchain!

We would also like to tell some of the key features of our exchange Coinsbit India:

Lowest trading Fee

Highest liquidity

High performance: trade transaction processing of 10000/sec

Safety at its core: 95% of users fund will always be stored in cold storages

Supporting top cryptocurrencies and bringing the best blockchain project into our exchange

Will be India’s first Crypto exchange that would provide telephone — IVR customer support

Lending, Borrowing & Staking of best cryptocurrency at best rates

Launching India’s 1st e-commerce store where one can buy almost anything through cryptocurrency.

Margin accounts with liquidity up to 10x and futures account with liquidity up to 25x initially and lots more.

DeFi Platform

NFT Platform & many more

Blockchain and Cryptocurrency in India?

We believe that India deserves blockchain & cryptocurrencies as it not only helps the crypto Investors in India but will also provide a massive opportunity to thousands and thousands of developers, technological genius minds, and entrepreneurs who can now solve the world’s most challenging problems by leveraging and using this amazing technology. They will now be technologically geared up to compete with trillion-dollar businesses through the power of Blockchain — Efficiency, Scalability & Interoperability resulting in generating thousands of jobs & has the potential that can make our nation a technological leader for the world.

Reason for partnering with Coinsbit?

When we started looking out for partners, we got offers from many reputed exchanges, but the reason for partnering up with Coinsbit is that they’re one of the oldest and are Europe’s largest Cryptocurrency exchange. In the course of their journey, they have never been hacked by any means and have strategies in mind to promote cryptocurrencies, blockchain, and its diverse use-cases and are ready to make radical disruptions in the blockchain space. This shows their ambitious ideology and strong technological backing — one of the best in the world. They are among the few exchanges that do not just promise but have been delivering the best in terms of safety, trust, transparency, reliability, and efficiency.

What is your opinion on the current state of the Indian Crypto Exchange and Our Plans for the future?

We believe that though cryptocurrency exchanges in India have started to catch up speed, there are still many vulnerabilities with respect to each exchange & we want to fill those gaps by bringing the best cryptocurrency exchange in our technologically growing nation.

At last, we want to tell all our users that this exchange is all yours — Made by Community, for the community, and geared by the community. We internally call this exchange “The Cryptocurrency Community Exchange of India.”

Please feel free to give us any suggestions & recommendations before our launch, during the launch phase, and after we launch. Your feedback is most valuable to us.

Hope we can deliver & set up an exchange that surpasses your expectations & delivers in reliability and performance.

Disrupting, Bit by bit.

#SwitchToCoinsbit #GoCryptoBitByBit $CIN #CIN

Website: https://coinsbit.in/

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