How to buy Bitcoin India using a Mobile App
You can now buy Bitcoin through your smartphone using a bitcoin exchange app. In this article, we’ll discuss the 7 best mobile apps to buy bitcoin in India.
Summary
- A bitcoin exchange app allows you to trade on the go.
- There are many apps on the play store and apple store providing this service.
- WazirX stands as the most popular bitcoin trading app in India and provides almost all methods to deposit.
- Bitbns offers a simple user interface and allows to use of credit cards through Mobikwik wallet.
- Unocoin comes with a simple user interface and secure app; however, with a high fee.
- Colodax has one of the fastest verification processes and keeps your fee inversely to your trading volume.
- CoinDCX is the most versatile app with the best referral program offering you up to 25 USDT per signup through this link.
- ZebPay is often referred to as ‘Bitcoin ki dukaan’ and offers high security and a high fee.
- CoinSwitch Kuber hasn’t been in the crypto market for long. However, they aren’t charging any trading fee from its first 100K users for the initial 100 days.
*Check the complete table with app links * here
What is a bitcoin exchange app?
An application that provides you to buy, sell, and trade bitcoin through your phone is called the bitcoin exchange app. They free you from the hustle and bustle of carrying the laptop everywhere and make trading remote.
You can trade on the go using a mobile app, or even as a beginner; you can start investing in bitcoin using an app. The simple and interactive user interface can be available in many apps, but let’s look at the best apps.
7 Best bitcoin exchange app in India
Many platforms have recently started providing their services through mobile applications, and it can be challenging to know the best one for you. Hence, we have curated a list of the top seven apps for your help.
1. WazirX
WazirX is the most popular trading app among Indian investors. You can invest in a wide range of coins using INR, USDT, BTC, and even P2P.
They let you know about various contests through the info page. You can also invite and earn through the settings page.
WazirX also has its coin known as WRX, and you can use INR to buy WRX and then use WRX to invest in many other crypto assets.
Security
WazirX stores almost all of your assets in cold storage and keeps only a small fraction in Hot wallets.
You can increase your security by activating Two-factor authentication and App Passcode from the settings. They also give notification on the execution of every buy or sell trade.
WazirX Fee
WazirX charges a 0.2% taker and maker fee, which is apart from the transaction fee. However, the app offers a feature called ‘Pay trading Fee with WRX.’ On enabling it from fee setting, you can pay the transaction fee with WRX and enroll in a 50% discount on the trading fee.
WazirX payment method
To deposit in your WazirX wallet, you can use NEFT, RTGS, and IMPS with a transaction fee of INR 5.9. You can also use UPI with almost zero transaction fees. The minimum deposit amount is INR 100.
For withdrawal, you can make instant withdrawal’ with a fee of 10 INR and a limit of 2 lakhs per transaction. You can also use NEFT with a fee of 5 INR and a limit of 10 lakhs per transaction.
WazirX — Pros and cons
2. Bitbns
Bitbns is an Indian crypto investment platform to keep things simple, attractive, and secure. The app offers margin trading, pool sales, and many a time crypto drops.
The app also offers a Fixed Income Plan , which assures you returns on investments in cryptocurrencies.
The asks for video verification to complete your KYC.
Security
They use cold storage to store your assets. The app has two-factor authentication and a Google authenticator for the personal security of the wallet.
Bitbns Fee
Bitbns charges a 1.77% fee on depositing Mobikwik. For withdrawals, they charge a fee based on the following slab:
The trading fee depends on your trading volume and can vary over time.
Bitbns — Accepted payment method
Bitbns provides you an option to deposit through MobiKwik wallet. You can use your credit card at Mobikwik and then use Mobikwik to pay here. The app also allows you to pay through IMPS, NEFT, Bank transfer, USDT P2P, UPI, and bank P2P.
Bitbns — Pros and cons
3. Unocoin
The application has a straightforward user interface while supporting multi-crypto assets. The Unocoin app provides an auto sell feature in the profile tab, which helps its users schedule an asset’s sale.
You can begin investing through the app by simply creating an account and then completing your KYC.
Use Unocoin referral code U-305402 get a discount on the trading fee.
Security
The application provides you with Two-factor authentication. You can also set a digit pin and fingerprint authentication to login into the app. Whenever you enter a wrong pin or your fingerprint isn’t matching with records, the app logs you out.
You can reach the support team through the app settings, via call, email, or even chat with their bot.
Unocoin Fee
Unocoin charges a buy/sell fee of 0.7% for minimum usage of 60 days. After that, they charge a fee of 0.5%, upgrading you to ‘Gold Membership. Unocoin doesn’t charge any maker or taker fee.
However, the platform charges for making a deposit are as below.
Unocoin payment method
You can deposit through NEFT, RTGS, IMPS, and UPI without any transaction charges. You can also use MobiKwik wallet, with a transaction fee of 2%, and debit or credit cards with a certain fee.
The minimum deposit amount is INR 1000; however, the maximum deposit amount is INR 1,50,00,000.
Use Unocoin referral code U-305402 get a discount on the trading fee.
Unocoin — Pros and cons
4. Colodax
At Colodax, you can begin investing within a few minutes after downloading the app. They provide simple and fast signup and KYC verification process.
After you’re done verifying, you can deposit INR and begin investing. There are no legislations on cryptocurrency in India yet. However, colodax assures its users always o follow the government regulations whenever the rules are released.
Security
Colodax provides its users with two-factor authentication and email OTP protection. They also let you enable an authenticator from the settings tab. You can reach their support team by raising a ticket through their website.
Colodax Fee
The platform doesn’t charge you for deposits; however, you have to pay the transaction charges on depositing through specific methods.
The trading fee at Colodax varies depending on the volume you trade in a 30 day period. Also, there is a charge on withdrawal on cryptos, which you can see in the table below:
Colodax payment method
They allow you to deposit any of the cryptocurrencies available on the platform. You deposit INR through bank transfer, NEFT, IMPS, RTGS, and UPI.
Colodax — Pros and cons
5. CoinDCX
CoinDCX provides the highest liquidity in India and gives you an option to trade in 200+ coins. You can complete the signup procedure in seconds by entering the OTP sent on your mobile and mail.
CoinDCX can be considered the most versatile platform. They even teach the basics of investing on the settings tab.
Security
The first layer of security CoinDCX provides is through the Google authenticator app. They allow you to use a device for investing only after verifying it. You need to set up a different withdrawal password to confirm for every withdrawal you process.
The app also provides you an option to unlock it through your fingerprint.
CoinDCX Fee
CoinDCX charges you a 0.1% maker and taker fee. The minimum withdrawal limit is INR 1000, and there is no fee on it. The Spot and Margin trading fee at CoinDCX depends on your trading volume. It can be classified into tiers as shown in the table below:
CoinDCX payment method
DCXinsta helps you buy or sell a cryptocurrency in INR. You can deposit INR through UPI, NEFT, IMPS, RTGS , and bank transfer.
CoinDCX — Pros and cons
6. Zebpay
ZebPay loves calling itself the “Bitcoin Ki Dukaan” and has been providing crypto investment services since 2015. You can signup through your mobile number and complete their ‘quick KYC’ to start trading.
ZebPay has a refer and earn feature, where you get paid 50% of the trading fees on new signups through your links for a year.
Security
When you trade with ZebPay, 98% of your assets are in cold storage. ZebPay uses a technology called Omnitrixx, which secures all the transactions between hot and cold wallets by a multi-chain security system.
The app has a four-digit pin for account safety, and you can also use your fingerprint to access the app.
ZebPay Fee
ZebPay charges a membership fee of 0.0001 BTC per month. However, you can avoid this membership fee by being an active investor.
The platform charges you a 0.15% maker fee and a 0.25% taker fee. ZebPay reduces your trading fee to 0.10% if your order entry and exit happens on the same day.
All crypto deposits at ZebPay are free. However, there is a deposit fee of INR 15 on UPI and 1.77% on Net Banking. There is an INR 10 fee for all the fiat withdrawals and a 0.0006 BTC per BTC withdrawal.
On making a trade over INR 10 lakhs, ZebPay provides you a VIP fee tier.
ZebPay — Accepted payment method
You can deposit INR through IMPS, RTGS, NEFT, UPI, bank transfer, and Net Banking. There is a minimum deposit amount of INR 100 through UPI and INR 1000 from any other source stated.
ZebPay — Pros and cons
7. CoinSwitch Kuber
CoinSwitch app has a simple signup process, and you can directly create an account by providing your phone number. However, to begin trading, you need to complete your KYC.
The app is backed up by SEQUOIA, Ribbit Capital, and Paradigm, one of the biggest crypto names.
Here you can trade with 100+ cryptocurrencies at the best rate and with a wide range of payment options.
Security
CoinSwitch doesn’t provide much information about the security offered. Hence the safety of your asset and your personal information is highly questionable.
However, the app does provide a pin code to maintain personal security.
CoinSwitch Fee
The company came up with an offer for the first 100k users during the pre-launch of CoinSwitch Kuber. They will be paying no trading fee for 100 days.
CoinSwitch payment method
They accept cryptocurrency deposits and payments in INR through NEFT, bank transfer, and UPI.
CoinSwitch — Pros and cons
Apps to buy Bitcoin in India — Conclusion
In conclusion, the app with a proper balance of security, the fee charged, and the services it provides can be considered as the best app to invest in crypto. According to us, WazirX and CoinDCX provide an efficient mobile interface and can be your choice to begin trading on the go. You can also give a shot to ZebPay and Unocoin.
Frequently Asked Questions
Which app is best for Bitcoin in India?
WazirX can be considered your go-to app for Bitcoin. It has a clean and simple user interface with a wide range of cryptocurrencies. However, you can also go for CoinDCX as it one of the major competitors of WazirX.
How can I get free Bitcoins fast?
You can earn bitcoin by completing odd tasks online, and some survey companies also pay to complete their surveys. You can also help crypto exchanges find loopholes in their platforms, and then they pay you in Bitcoin.
Join Coinmonks Telegram group and learn about crypto trading and investing
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Originally published at https://blog.coincodecap.com on February 18, 2021.
Top comments (1)
Another spot is HollaEx.com, no KYC required there, just deposit, trade and withdraw when needed. Also can fork the exchange code and make your own Indian exchange if you so require as it is open-source free white-label exchange technology.
If though India is banning a lot of crypto exchanges, as long as the exchange code is open-source they will keep opening up.