InfoRevz: Cryptocurrency

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Showing posts with label Cryptocurrency. Show all posts
Showing posts with label Cryptocurrency. Show all posts
Can Shiba Inu Reach 1 Dollar? Read The Case Study
July 21, 2022

Can Shiba Inu Reach 1 Dollar? Maybe yes but before predicting this we need to consider 2 factors. One of them is obviously if the bid climbs up high. 

Secondly, if Shiba Inu gets burnt at a higher rate creating the value high for the rest of the coin. These are just predictions but real gameplay is different.

Well, I am not telling this won't gonna happen but there is a very less chance. Though 41,000 billion Shiba inu coin has already been burnt so far. Keeping these facts apart for the future, let's jump into the history of Shiba Inu.

Cryptocurrency works in a different way and most of us is not familiar with the process. You can read our article about how crypto works to know more about what is crypto and this actually works.

History of Shiba Inu Coin

"Ryoshi" an Indian individual or group of people introduced Shiba inu coin in the cryptocurrency market for the first time in August 2020. "Shiba Inu" is a Japanese breed of Dog. This coin has a self-claimed name which is "Dogecoin Killer". It's entered the market as an altcoin of Dogecoin which is already an altcoin of Bitcoin.


As you can see in the above image, Shiba Inu gained it's highest price of $0.00008 (four zeros) which is now 67% less. Currently, most of the cryptos lost their values and Shiba Inu is on the same track. There is a supply of nearly 550 trillion of SHIB tokens in circulation currently, having a market cap of around $16 billion.

The dog faced cryptocurrency - "Shiba Inu" jumped from $0.000000000133 (nine zeros) to $0.000033 (four zeros) in last 1 year, at the end of 2021. It's a sky high jump considering around 26,000,000% price increase in 1 year. It happened because most of the renowned cryptocurrency exchanges allowed to trade in SHIB coin.

At this moment ( 21st July 2022) price is $0.00001260 approximately.

Now the question is, Can Shiba Inu Reach 1 Dollar? From $0.000030 to $1 which means it requires a 3,330,000% price gain to reach the mark. Is it possible? Hmmm... instantly if I say "NO" then many of the investors will be heartbroken. Let's do an analysis then.

Can Shiba Inu Reach 1 Dollar?

As you already know the number "3,330,000%". In the current market, this looks impossible because a 3.3 million percent price gain is not a joke. But there is at least a 0.00001% possibility and we can not deny that, right?

If we consider Dogecoin in exchange for Shiba Inu then there is 135 billion Dogecoin to be capped whereas bitcoin is capped at 21 million. On the other hand, 1 quadrillion Shiba Inu coins will be capped in the cryptocurrency market.

Market cap in cryptocurrency is the number of coins/tokens to be circulated in the market for each currency. Like Bitcoin will be mined to 21 million and then it will be stopped.

Now if you consider that one day Shiba Inu will reach 1 dollar then what will be the market cap value for Shiba Inu?

1 quadrillion $ 

Can you imagine how big is this? If not then let me give you some examples that will make you realize, how big is this?

1 quadrillion dollars is almost 20 times of US national GDP in 2021 and it is 500 times of total cryptocurrency market.

At this point, does it look feasible yet? To me, it's not. Shiba Inu will not reach $1 or even near that. But many of the investors, readers, and crypto fanboys ask, will Shiba Inu reach 1 cent?

Yes, Shiba Inu can reach 1 cent which implies that the total market value of Shiba Inu will be 10 trillion dollars considering the market cap of 1 quadrillion Shiba Inu tokens.

Let's not be hopeless or disheartened quickly. Recently Elon Musk predicted that Shiba Inu will reach $1 and many of us have taken that seriously. There is a reason though. When Elon says this that means he has some plan. After watching Dogecoin's price gain there is the least confusion regarding this meme coin that it just came to troll Bitcoin.

Watching the interest of Elon Musk in this meme coin, crypto fans are now in dilemma.

Can Shiba Inu Reach 1 Dollar, What Elon Musk Said?

Musk has around 58 million followers on his Twitter and when just talked about Shiba Inu that should be taken into account. After all Tesla's CEO is not an ordinary person though.

Recent statics says that Vitalik Buterin - the youngest crypto billionaire and founder of Ethereum, donated 50 trillion Shiba tokens to India's COVID relief fund which is founded by Sandeep Naliwal. This 50 trillion SHIB token is worth $1.2 Billion in the current market. This is something that raised interest in this meme coin. People as usual started thinking can Shiba Inu reach 1 dollar?

Shiba Inu is the altcoin of Dogecoin I already said. They came to the market to compete with Dogecoin where both have the same logo of Japanese breed Dog. Both are meme coins and on top of that Shiba Inu claims them as "Dogecoin Killer" on their website.

Let's get back to Musk's tweet. He tweeted that "My Shiba Inu will be named as Floki". Interesting? Yes it is. What Musk tried to say. People already started commenting on the tweet that it is named as Marvel comic character Loki starting with F.

Anyways Musk is not very fond of Bitcoin. Space X owner bashed those investors who thinks that Bitcoin will be the only cryptocurrency to rule the world. Mr. Elon, myself Anisha from Datacrap also think like this, hahaha.

There is a possibility of getting a new token as cryptocurrency from Elon Musk. If it really happens that won't be surprising at all. But something can happen other way. Dogecoin gained a price while Elon started talking about this meme coin. Now Elon might think of invest in SHIB coin to increase the value and interest in the market.

If Elon does something like this, investors will surely gonna invest in the SHIB tokens. If this goes on the right track SHIB token price will reach a cent very soon no doubt about that. But can Shiba Inu reach 1 dollar? Let's have a final summary.

Conclusion: Can Shiba Inu Reach 1 Dollar?

Before signing off let's just point out some facts. If Shiba Inu reach 1 dollar,

  • There will be 1 Quadrillion Dollar market value for this coin.
  • It will exceed the total market value of all cryptocurrencies.

SHIB tokens are burning at a rate of 60 million per day which means reaching 1 quadrillion will take many years. So the value of the SHIB token is not going to get a 3 million percent price gain in near future. Either an increase in price or burning a huge number of SHIB tokens both looks impossible right now.

So, it is almost confirmed that Shiba Inu will not reach 1 dollar in 2022 or even in 2030. Investing in the SHIB token also needs a good analysis before. By saying that I am signing off.

Let us know, what you think, can Shiba Inu reach 1 dollar? Don't forget to comment. Stay connected.

Does Amazon Accept Bitcoin or Other Crypto?
July 16, 2022

Does Amazon Accept Bitcoin or other Cryptocurrencies? Amazon doesn't accept Bitcoin as payment for any purchase from Amazon. 

Walmart started accepting Bitcoin and some other cryptocurrencies as payment. There are few renowned e-commerce companies that don't enthusiast accepting cryptocurrency.

So, Amazon is not accepting Bitcoin but does Amazon accept any other cryptocurrency? Which other eCommerce accepts cryptocurrency? Does Amazon have a plan to accept Bitcoin anytime soon?

We will discuss everything today in this article. So, sit tight and hold your phone and start reading. Ha ha ha anyways apart from the fun, you will surely be going to get some interesting information from this article today.

Does Amazon Accept Bitcoin or other cryptos?

Does Amazon accept Bitcoin? So far Amazon doesn't accept Bitcoin and any other cryptocurrency as their payment method. Once they planned to accept Bitcoin by the end of 2021 but it didn't come into reality. 

On top of that, it seems like in near future they are not gonna accept Bitcoin. Not only Bitcoin but also other cryptocurrencies like Tether, and Ethereum won't be accepted by Amazon as payment methods.

There are some big companies in different industries started accepting Bitcoin for transactions. Walmart, Paypal, Overstock, Newegg, Shopify, etc. accept Bitcoin and many other famous cryptocurrencies.

Does Amazon Accept Bitcoin

Why Giant ecommerce like Amazon still not interested in crypto? Jeff Bezos, Amazon CEO himself are not very loveable to crypto. Recently he has said in an interview that He doesn't like these cryptocurrencies because they are not yet stable like regular currency. So if you ask, does Amazon accept crypto? answer will be "NO".

Why Amazon Is Not Accepting Crypto?

There are number of reasons which pushed Amazon back to accept Bitcoin and other crypto. Amazon CEO thinks that crypto market is still volatile and the rate fluctuation is not normal. So setting product price is tough in terms of crypto. Technically it is difficult as Amazon has millions of products listed in their portal.

The way how cryptocurrency works like wallet to wallet transfer or more specifically peer to peer transfer which is different from general payment system.

Stability of Cryptocurrency

Like regular currency crypto is yet to be stable in the market. Even after passing a decade none of the cryptocurrency got stable. Bitcoin the most popular cryptocurrency also had seen a big fall down during last few months. From 68K USD to 43K USD (as of Feb'21) per Bitcoin in just 3 months, is a huge fallback in price.

Not only Bitcoin, other popular currency like Ethereum, Tether, Dogecoin, Shiba Inu also lost value.

Amazon Coin Might Be Another Cryptocurrency

From 2013, Amazon has introduced Amazon coin for games, apps and in app purchases. But it is limited to those yet. Recently Amazon bought a lot of domain names relevant to cryptocurrency which somewhere created a curiosity. Market leaders are predicting that Amazon might come in to cryptocurrency market with their own Amazon coin.

 

Amazon Crypto Coin

If Amazon is thinking to introduce their own digital currency then obviously they will not accept other cryptos. Eventually they will not let them be more popular. If the Big Fish Amazon enters into the crypto market it's not a piece of good news either for other cryptocurrencies.

Having a huge online market, Amazon won't gonna struggle with their currency. People will be happy to buy their currency to invest in their Amazon for purchasing products. There will be numerous discounts that is for sure.

Till October 2021, Amazon was stick to the decision to accept Bitcoin but as it didn't happen even after seeing lot of big companies accepting Bitcoin. This implies that in near future, Amazon is going to launch their digital coin.

Purchasing Amazon Prepaid Gift Card Through Bitcoin

Anyone can buy Amazon gift cards from online stores using Bitcoin. With gift cards any product from Amazon can be bought. Online stores like eGifter.com, Gyft, and BitPay, let you pay for Amazon digital cards with Bitcoin. It's a little long process but still you can buy Amazon products if you have own some Bitcoin. This might be another reason for Amazon not to accept crypto very soon.

Anyhow their selling is happing and by one or two extra steps people can use their Bitcoin to purchase from Amazon. If there is some ways then it seems okay for Amazon not to take the risk of volatile currency very soon.

Will Amazon Accept Bitcoin?

If they are stepping back from introducing their own currency, then they will definitely accept Bitcoin as Amazon competitors started accepting not only Bitcoin but other currencies as well. If they are still on the track of entering into the crypto market then accepting Bitcoin is never gonna happen.

Online Stores That Accept Bitcoin

There are plenty of online stores in the different industry accept Bitcoin. A few of them have been listed below. You can check if it helps you out.

  • Microsoft
  • Wikipedia
  • Overstock
  • Burger King
  • KFC
  • Subway
  • Twitch
  • Pizza Hut
  • Miami Dolphins
  • Planet Express
  • Expedia
  • Shopify (Shopify stores)
  • CheapAir
  • Newegg
  • PizzaForCoins
  • Reeds Jewelers
  • Gyft
  • Virgin Galactic
  • More Stamps Global
  • Bitcoinshirt.co
  • Star Jets International
  • Norwegian Air
  • Garbarino Viajes
  • AT&T
  • Travala
  • PlayBoy
  • Alternative Airlines
  • Norwegian Air
  • CheapAir

Here are some of the prominent companies that accept Bitcoin. There are lots of medium and small businesses that are accepting Bitcoin. If you need the list let us know in the comments below.


How Cryptocurrency Works? Basics of Cryptocurrency
July 12, 2022
How does crypto work? Before knowing that let us know what is cryptocurrency. Well, it's just another currency but in digital format. 

It is not made of any material, paper, and which can't be touched, seen, or felt. Interesting? 

Yes, it is. The digital currency system was introduced by the innovation of blockchain technology. Blockchain is technology or a process to transfer digital currency from one person to another. 

How Cryptocurrency Works


It's simply like we transfer money from one bank account to another.

But the main difference is that crypto is a digital asset, people can create digital wallets to transfer these digital assets from one to another. These are managed by multiple networks like Coinbase, Binance, etc. 

In short, this is the way how crypto works.

What is Cryptocurrency?

Cryptocurrency is a digital asset which has value in terms of world recognized currencies like US dollar, Euro etc. It can be transferred between virtual wallet through blockchain technology. Virtual wallets are owned by human like us. 

There are more than 17,000 cryptocurrencies in the world so far.
For example, Bitcoin is a cryptocurrency where 1 Bitcoin is qual to $44000. This is not a metal coin, it's just named as Bitcoin. Among all other cryptos Bitcoin is mostly valued and popular. A person or a group named "Satoshi Nakamoto" founded Bitcoin.

Anyways, I hope you now understand what is cryptocurrency. At least you have an idea about crypto now. Moving forward to the segment where we will know how crypto works? You will get to know the basic process of cryptocurrency exchanges.

Why Cryptocurrency is invented?

Cryptocurrency is invented to provide a safe and secure transaction between two parties where none of them will be tracked. Neither the currency is vulnerable nor the person's wallet. 

The whole process is done by a strong network where no one knows who is sending currency to whom. For safety and security of currency exchange, this cryptocurrency has been introduced and it's proving that.


In this world, 180 currencies are recognized as legal and registered. Instead of having so many about why this cryptocurrency came into the field.

To understand this, you need to understand money exchange between countries. Let's say you are transferring US dollar to India. But the Indian currency is INR. Thus it needs to be converted from USD to INR at a specific rate. This conversion sometimes takes extra charges.

On top of that we are very familiar with hacking these days. Lot of ATM booths, Banks, multiple VIP accounts has been hacked and lots of money has been taken away by the hackers.

Though we have lot of security measures still this is happening. Recent Covid has taught us how digital payment can be comfortable and safe. In third world countries people are now using VISA cards for purchasing things. Which means digital payments are getting popular and people are getting more prone to hacking.

Lot of us share our bank details publicly without understanding the effects. This is how many people got frauded by criminals. Now cryptocurrency has been invented with a secured currency transfer system which is Blockchain. It's just a address to address transfer. No one knows how and when the balance is getting transferred.

For example, I have virtual crypto wallet and I have given you my address. Without me and you no one knows how much we have exchanged. Even no one track these address to find the person behind this account. That's the fun thing about blockchain technology and that is how crypto works.

This is why Cryptocurrency has been introduced.

How Does Crypto Work?

Cryptocurrency is a wallet to wallet transfer based currency. An individual can open an account in any of the website like Coinbase, Binance or blockchain to transfer crypto.

Different currencies will have different wallet address. Like If you want to transfer/receive Bitcoin then you need to have a Bitcoin wallet address while the address will be different for Shiba Inu, Tether or Ethereum. This is very simple to create addresses which requires just 2-3 clicks.

The important part is you need to make sure that you are transferring to the right address.

Once you transfer the currency to any address it can't be revert back or can't be stopped. Once you click the send button it's gone. No one is there to control and if you write the address wrong you can't complain to anyone.

PROS & CONS Of Cryptocurrency

So, here are few Pros and Cons for cryptocurrency transfer process. You might get an clear idea about how crypto works.

PROS

  • Faster transfer
  • Almost charge free.
  • Anytime, any amount you can transfer
  • Wallet to Wallet not person to person. So no one can track you.
  • Secured because transfer happens with lot of algorithm solving backend.
  • No one can track the transfer channel. No chance of hacking.

CONS

  • Once the currency has been sent can't be revert.
  • If you send it to wrong address this is gone.
  • No chance of complaining to anyone if you do the mistake.
  • Addresses are random alphanumeric characters which is a bit risky.

Still there are some cons I think mostly you can resolve by being careful. These are not flaws. It's just bit complicated to make it safe and that's how crypto works.

Though cryptocurrency concept has been introduced keeping in mind that it should be secure and fast.
People and investor started thinking that Bitcoin as a cryptocurrency will replace the place of GOLD. 

If you have little knowledge on general currency, and country reserve then you know how gold reserve matters in terms of the currency of a country. If Bitcoin can replace that, it will be a new economy throughout the world.

Thanks a lot for reading so far. Hopefully, you got an idea about what is a cryptocurrency and how crypto works. Give it a share if you think you have learned something. Thanks again. Stay connected with Datacrap. Please give a like to our Inforevz Facebook page.

Comment below if you need any clarification regarding the topic. Our team will get back to you.

Top Crypto Exchange Apps In India 2022 - Trusted Companies
July 10, 2022

Top Crypto Exchange Apps In India at 2022 which you can trust and exchange any of your coins without any hassle and fraud. Here is the full list of the best crypto exchange apps in India.

Well if you still don't know or have some confusion about cryptocurrency and how it works, let me help you a bit. Cryptocurrency is a digital currency that is transferred through a digital wallet and can be exchanged for physical currency like INR, USD, Euro, etc.

There are more than 18,000 cryptocurrencies all over the world. Among them at least 1000 currencies are in a good position with their trading volume and market cap. 

Bitcoin is one of the best cryptocurrencies in the world so far. Following this Ethereum, SHIB, Dogecoin, TRX, Tether, BNB, USDC, etc are similarly popular.

Now if you are living in India and want to invest or trade in cryptocurrency you need a medium to do that. Like PayPal is helping to exchange USD for INR for freelancers.

top-crypto-exchange-apps-in-india

If you have any of the crypto coins and want to convert them to INR or want to trade with crypto then you are in the right place. 

Today we are going to discuss the top crypto exchange apps in India. We will be giving you the list of the 7 best crypto trading Apps In India which will help you to utilize your already earned crypto coins or to help you earn some.

Top Crypto Exchange Apps In India

There are so many companies and apps for crypto exchange but after a lot of research we have come up with the 7 best crypto trading apps/websites that might help you. Here is the list below...

  • Wazirx
  • CoinDCX
  • Binance
  • Vauld
  • Zebpay
  • Coin Switch Kuber
  • BitBns

Let's get into the details where you will get to know about the exchange fees, trading feature, minimum withdraw/deposit rate, etc. for all the above companies.

Starting with the most popular crypto exchange app in India which is Wazirx.

Wazirx

Since 2017 Wazirx is helping India to exchange, trade, and invest in a cryptocurrency that was first founded by Nischal Shetty. In 2018 they have started their operation officially in India.

Until today there are over 10 million crypto freak users registered in Wazirx. It is one of the reliable sources for exchanging crypto coins in India in 2022.

Why Wazirx? If you are investing in new coins or coins that are of the lowest value then Wazirx is the best exchange platform for doing that in India. In November 2019 Binance, another world's best crypto exchange company acquired Wazirx. Since then coin transfer from Wazirx to Binance or vice versa is totally free. 

The best part is it has the biggest listing of different crypto coins which gives you the flexibility to choose your own for trading or exchange.

Wazirx charges fees for trading, withdrawal, and deposit. For example, if you want to withdraw 1 BTC, Wazirx will charge around 0.0006 BTC for the transaction. If you transfer this 1 BTC to Binance then it's completely free. Wazirx has set the minimum and maximum payout limit as well. 

 

Wazirx

Why is that? Because the number of very small withdrawals or deposits is high and that makes the transfer process of big transactions is delayed. Considering that Wazirx has set the limit for transactions. See the image above to know about the fees for a few coins. Get the full list here

On top of the exchange, Wazirx supports the trading of crypto coins as well. There are some fees though but it's worth it since the trading fees in Wazirx are not so high. Besides these, they support API for any kind of integration with them. Wazirx also allows submitting your crypto coin. 

Wazirx has a corporate account option to give a bit more priority to the corporate customers and a referral program for additional earning sources for the users. 

In Wazirx, you need to submit your KYC and you can use 2-factor authentication (2FA) for added security. They have an android app along with an iOS app.

So guys, if you want to exchange your crypto and you are living in India you can use Wazirx which is undoubtedly the most popular crypto trading & top crypto exchange app in India.

Coin DCX

Simple, Safe & Compliant. These are the values of CoinDCX. With this values they have started their company in early 2018 by Sumit Gupta and Neeraj Khandelwal. CoinDCX is the first Indian unicorn in crypto industry.

They have over 80 crypto currencies to be traded in/out. More than 10 million users has been engaged with them over last few years. Their aim is to make Indians financially stable and to escalate the financial growth to the next level.

Both of the founders of CoinDCX stick to the solvency of people in India. Keeping this moto ahead they have introduced trading, exchange, borrow, lending & staking of cryptocurrency.

Well, let's come to the fees that is charged by Coin DCX for deposit, withdraw & trading. Fortunately Coin DCX doesn't charge any fee for INR deposit and charges slightly lower than Wazirx while withdrawing Bitcoin. 

CoinDCX

CoinDCX charges 0.0005 BTC whereas Wazirx charges 0.0006 BTC. Not a big difference but still on the winning side. While Wazirx charges 4-6 Rs. for an INR deposit, Coin DCX doesn't charge any.

The best part of Coin DCX is they charge a flat 0.10% as maker and checker fees. Which is 0.20% in Wazirx. Considering everything to me both the Coin DCX and Wazirx is good in a different category. But I will keep Wazirx ahead a bit due to their parent company Binance. 

If you are a crypto enthusiast you know how massive "Binance" is in the crypto industry. So being a part of this company, Wazirx is reliable at the end of the day. {alertSuccess}

It's not the end because we have 6 more top crypto exchange apps in India to review. Who knows one of those might be the best and most secure.

Binance

If you have at least 3-4 articles about cryptocurrency or blockchain technology or if you know how crypto works then you must have heard about Binance. As like Coinbase, Blockchain.com they have been one of the leading crypto trading companies in the world.

Binance is working directly in India though Wazirx is a sister concern of Binance. Apart from the Wazirx if you think to make your transaction through Binance you can do that. 

Mostly people use Binance because they have a native coin called "BNB". Obviously you will get multiple offers on transaction of BNB. It's an added advantage if you are planning to invest on BNB or trade in this currency.

Let's know about what Binance offers to you. In Binance you will get smooth user experience with the facility of exchange cryptos, trading, affiliate/referral bonus, NFT buy/sell and so on.

Binance

Binance has an OTC trading facility which is amazing. You can use altcoin trading like Bitcoin to Dogecoin, BNB to Bitcoin, Tether to Ethereum, and any combination you need. Transactions are processed manually within 2-3 minutes. This is safe and secure because you trading in the Binance eco-system and there is nothing going out or coming in from 3rd party network.

They have 2FA, Insurance, 24/7 support, most of the popular coins are listed and a huge professional team to help you out. Because of these flexibility & features, Binance is one of the top crypto exchange apps in India. They have an app for android & iOS.

Vauld

If you are a beginner investor and someone who wants to hold crypto assets then Vauld is the best solution for you. It can give you more than 12% interest for your current asset if you hold this on the Vauld account.

The user interface of Vauld is so simple that even a beginner can navigate it easily. It is highly secure with free deposit and withdrawal options. They offer different interest rates for different types of balance. Like fixed deposits, savings, etc. 

They have a limited support service though you can get an opportunity of doing phone calls to customer support if you have a 10,000 USD equivalent asset on your Vauld account. Vauld has loan facilities as well. Oh, wait if you have a $1,00,000 asset in Vauld you will get a dedicated account manager for helping you out in need.

 

Vauld

Not only free deposit and withdrawal but also there is no hidden charge in Vauld. You can be assured of that. So a good user interface, loan facility, interest on saving, free deposit and withdrawal, and customer support make Vauld promising to be one of the top crypto exchange apps in India.

They are new in the market. So I suggest you do more research on Vauld and then invest. They are promising no doubt about that but at the end of the day, you are the one who can decide where to invest. 

Zebpay

Zebpay is one of the top cryptocurrency apps in India to buy crypto asset from. You can purchase several cryptocurrencies such as Bitcoin, Bitcoin Cash, Ripple, Litecoin, etc. Most of the popular coins are listed here. 

Zebpay facilitates their 98% of storage as ‘cold’ for their users. Cold storage remains disconnected from the internet when sitting idle and is great in terms of security.

This platform has an additional membership fee if you don’t trade at least once a month. Zebpay pays you up to 6% interest for holding asset in their platform it can rise up to 12% if you lend crypto to other users through their platform.

Coin Switch Kuber

Coin switch Kuber was founded on the eve of 2017 with the initiative from Ashish Singhal, Vimal Sagar Tiwari, and Govind Soni. This trio brought this platform into the market when RBI lifted the ban on cryptocurrency in Indian market.

CSK is the best mobile-friendly crypto platform and because of the mobile flexibility, they have become so popular with 7.5 million users so far. They have more than 80 crypto coins listed on their platform.

Since getting introduced in 2017 they have been trying to accept INR deposits and in 2020 they have successfully started the INR deposit feature. Since then they gained a lot of users. They charge nothing for deposits with a minimum deposit limitation of 100 rupees. 

CSK allows you to instant withdrawals in your bank account or credit/debit card which is an awesome feature I must say. There is no time restriction for withdrawal. They provide best rates for trading and any of you can start just by submitting the KYC. Their KYC & AML verification is quick and simple which will take not more than 5 minutes to do. 

Coin Switch Kuber


They have one of the best referral systems with some easy conditions Users can earn 50 Rupees worth of Bitcoin after successfully referring a new customer. The only thing to remember is KYC verification is a must to join the referral program.

Coin Switch Kuber has multi-layer security to protect their customer's assets and has a very minimal fee like 0% to 0.5% for trading. Being said that CSK is one of the top crypto exchange apps in India in 2022. This app/service is limited to Indian residents only.

Moving forward, our last company on the list that is BitBns. Listed last doesn't mean it's not that good. Actually, we didn't rank those while we have just listed them randomly.

BitBns

BitBns was founded in 2017 and has 4 million users currently. BitBns has earned a lot of trust from its users because of its extremely elegant customer support. 24/7 they are available. No matter how is the size of your asset in their platform you are a valued customer to get all the available support any time.

 

BitBns

Moving to the security part. BitBns is way more secured than a crypto platform should be. Having 100+ listed cryptocurrencies they are a good platform for exchange, trade, and holding crypto.

BitBns does not charge any fee for deposit if you do that with their native coin BNS. But like Coin DCX they also deduct worth of 0.0005 BTC for withdrawal.

You can start trading by making a small deposit of 100 INR. Which is flexible for lot more users who are aware of their money and feels a bit risky investing in crypto for the first time. 

They have iOS and android app which has easy navigation. BitBns accept multiple payment methods such as NEFT, UPI, IMPS, RTGS. All these features raised them to be one of the Top Crypto Exchange Apps In India.

Our Opinion

So long story short, I know you are waiting for our opinion from us. Well, our team has researched a lot on these companies and found all of these are equally good. 

But at the end of the to someone, one should be the best. In this case, I can not choose one but I am giving you some tips to choose. Though we have listed 7 Top Crypto Exchange Apps In India.

Well to me, Wazirx, CoinDCX, and BitBns are good if you are only planning to deposit with INR. Binance is the best of all listed here but since they don't directly support INR deposits so you can avoid that. But for security and flexibility, Binance is awesome. 

Wazirx to Binance transfer is easy so you can deposit in Wazirx in INR and then move to Binance for trading if you wish. If you are just a child in the world of crypto I mean just started thinking of investing in crypto Vauld might be a good option for you. 

Crypto Switch Kuber is all good but some users had complained against them. Though they claimed that CSK shows user withdrawal in Bank is restricted message while withdrawing money to the bank. Which is not possible practically. Well, this is just a claim and 7.5 million current users of CSK are not brainless, right? You can decide on your own if you wish to invest here.

So, in the end, every company is well and good. You just make sure what motive you have and what you want actually from the crypto marketplace. According to the need, you can choose any of the companies listed here. 

Conclusion

I always say to my fellows to be more aware while investing money. No matter whether they are investing in soil or crypto. Money is vital and people don't like losing a single penny for any reason. 

Since you have read this article I assume that you are almost ready to invest in crypto trading and considering this I would suggest you start with a very little amount and start the journey. You know slow and steady wins the race. 

If your luck is good and your knowledge is up to the mark you can increase the investment according to your progress. That's all now. Let me know which one you have chosen and how is the experience.

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