Paxful is a peer-to-peer (P2P) crypto marketplace. At Paxful, you’ll see various sellers putting offers for the buyers to grab.
Payment methods depend on the individual seller. But you’ll find great flexibility in using any payment stream.
Paxful charges transaction fees to the sellers based on the wallet you use. These amounts vary as per the transaction size and are lesser if you use Paxful’s own wallet.
Interestingly, Paxful sellers can set their own crypto prices and trading limits. You can buy Bitcoin, Ether, and Tether with them. While the trading seems easy on Paxful, I’ll recommend it for advanced users.
Zebpay is one of the trusted platforms in India to buy crypto from. You can purchase several cryptocurrencies such as Bitcoin, Bitcoin Cash, Ripple, Litecoin, etc.
Zebpay advertises to use 98% of storage as ‘cold’ for their users. In short, cold storage remains disconnected from the internet when sitting idle and is excellent for 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 crypto. This interest goes up to 12% if you lend cryptocurrency.
They have an exchange platform in addition to a wallet to store the purchased crypto. Zebay is headquartered in Singapore and operates globally.
CoinSwitch is a mobile-only crypto trading platform exclusive to India.
You can use CoinSwitch Kuber to buy more than 80 cryptocurrencies such as Bitcoin, Ethereum, Litecoin.
With this platform, you can start with as little as INR 100. It has multiple payment features for the Indian ecosystem like UPI, debit and credit cards, bank transfers, etc.
Binance is the global leader in P2P crypto trading. It has support for hundreds of cryptocurrencies. The platform is vast, with countless currencies to invest.
Binance also has a native coin, Binance coin (BNB). And there is an obvious incentive if you use BNB with them.
Binance doesn’t charge you for deposits.
It designates VIP levels to its users based on the amount they trade. You upgrade your VIP level as you trade more, paying lesser trading fees with every level-up.
Binance has excellent flexibility and a great reputation. But, the sheer number of options can be overwhelming to beginners. So, it’s best for medium to advanced users.
Unocoin is India’s homegrown cryptocurrency platform to buy Bitcoin, Ether, and Tether. The website is straightforward to navigate and feels intuitive from the get-go.
Moreover, you have this calculator on the home screen to tell you about the charges like transaction fees, service fees, and current value in INR.
Unocoin also has an exchange portal comprising 38 cryptocurrencies. They have systematic buying plans for investing periodically in small amounts. You also have the options to earn interest on your crypto holdings for a set tenure.
You have to pay a 0.5% fee for buying or selling Bitcoin. Additionally, they will charge you an 18% extra as GST charges on every transaction.
Besides, you can trade Bitcoin with any Unocoin user without any fees. And there is no fee for receiving Bitcoin into your Unocoin wallet. Similarly, you don’t pay any overhead charges for crypto-to-crypto trading, except for the unavoidable network fees.
BitBns is a slightly advanced crypto exchange based in India. It has support for hundreds of cryptocurrencies. You can quickly check the current price, lowest buying limit, and associated fees before going for the purchase.
While it can be intimidating for beginners, it’s very informative regardless. You can keep your crypto assets in BitBns wallet, and they do have support for 3rd party crypto wallets.
Interestingly, BitBns has its own cold wallet, which, unfortunately, was out of stock at the time of this writing.
There are also schemes to earn interest if you stake your crypto. But the best thing is, you can start with just INR 100 for buying crypto assets.
BitBns fees depend on your trading level, amount, and the specific coin. Overall, this platform has great choices to start your crypto journey. You can use it as a web app or download its apps for Android and iOS.
Hitesh works as a senior writer at Geekflare and dabbles in cybersecurity, productivity, games, and marketing. Besides, he holds master’s in transportation engineering. His free time is mostly about playing with his son, reading, or lying… read more