CRYPTO SIGNALS

Cryptocurrency Exchange in India – Koinex, BuyuCoin and ZebPay

Cryptocurrency Exchange in India

The Cryptocurrency space in India is booming at an exponential rate. More and more people are becoming Crypto Traders, Investors and Hodlers; the demand for cryptocurrency is ever-increasing. Several times the exchanges are forced to close down new registrations due to the surge leaving new users in a limbo.

Perhaps the exchanges on your radar are not accepting new registrations, have Deposits and Withdrawal Issues or maybe you just want to try new exchanges for fun. Whatever the reason, google is not a friendly guide when it comes to looking for cryptocurrency exchanges in India. In response, multiple Indian startups have emerged to make trading, buying and selling, and storage easy and safe for those trading in not just bitcoins, but other cryptocurrencies too. We take a look at a few of them :

KOINEX :

• A Mumbai Based Startup started in year 2017.
• Founders: Rakesh Yadav, Rahul Raj and Aditya Nayak
• Cryptocurrency Offered: Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash. In future plan they will Add GNT, Miota and OMG
• Transaction Fee: 0.2-0.25%. Also Take fees at time of Adding Funds – CLICK HERE FOR LATEST FEES SCTRUCTURE
• Avg. Registration Time: 4-5 hours (But Currently they have stop registering due to Heavy Traffics)

Founded by Rakesh Yadav, Rahul Raj and Aditya Nayak in August 2017, Mumbai-based Koinex is a multi-digital assets exchange. The multi-cryptocurrency platform offers trading of Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash. Koinex is India’s most advanced digital assets exchange. It’s the first complete exchange supporting multiple cryptocurrencies / tokens on a single platform. Built entirely from scratch, Koinex is aimed at bringing the magic of blockchain technology to India. Bitcoin – the world’s first cryptocurrency – was introduced in 2009 and since then over 1000 tradable tokens have come into existence. However, for a long time India missed out on the tremendous opportunity that the rest of the world had been enjoying. And Koinex has been built to to bridge that gap.
Koinex has been built over cutting edge technology. Proprietary trading engine, wallet and platform architectures, grade A security, user-centric UI/UX, and tons of user-demanded features are some of the things which define Koinex.

Issue with Koinex – They Have no Support.. I Personally Email for 4 to 5 times and they Response after 10 Days.. No Phone Number Provided for Support and

CLICK HERE TO JOIN KOINEX

BuyuCoin :

• Launched In: 2016
• Based Out Of: Delhi
• Founders: Atulya Bhatt, Devesh Aggrawal and Shivam Thakral
• Key Stats: 1,50,000 users, according to their website
• Cryptocurrency Offered: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Dash, Monero, Z-Cash, Factom, Lisk, Ethereum Classic, NEO and popular crypto-tokens like Golem, Augur
• Transaction Fee: No extra fee, claims the company
• Registration Time: 2 – 3 Days

Founded by Atulya Bhatt, Devesh Aggrawal and Shivam Thakral in July 2016, Delhi-based BuyUCoin is registered as iBlock Technologies Private Limited. The exchange offers multi-cryptocurrency trading features. The platform accepts more number of cryptocurrencies like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Dash, Monero, Z-Cash, Factom, Lisk, Ethereum Classic, NEO and popular crypto-tokens like Golem, Augur, Stratis, SiaCoin, DogeCoin in India. The exchange claims to have more than 1,50,000 users.

Issue with BuyUCoin – Their Crypto Prices are most highest. Their price of Crypto is the Highest among all other Cryptocurrency Exchange in India.

CLICK HERE TO JOIN BUYUCOIN

ZEBPAY :

• Launched In: 2015 Based Out Of Singapore
• Founders: Mahin Gupta, Sandeep Goenka, Saurabh Agrawal
• Funding Details: Raised $1.12 Mn to date: $125K in Seed funding and $1 Mn in a follow-on round from Arjun Handa, Nagendra Chaudhary and Amit Jindal in 2016
• Key Stats: Over 1.8 Mn downloads, as of 20 Jan 2018
• Cryptocurrency Offered: Bitcoin Only
• Transaction Fee: INR 10 fee on all INR withdrawals. Bitcoin transfer to other users carries a Bitcoin network fee which is usually 0.0001 BTC
• Avg. Registration Time: Few hours normally. You may Registered using Android Mobile App too..

Zebpay is an innovative Indian upstart in the Bitcoin arena with its simple and easy to use bitcoin wallet – where all you need is your mobile number and pin.

The wallet is available for both IoS and Android devices and comes with a host of extra features to make the user experience rewarding as well as enjoyable. Users get access to discount vouchers as well as being able to buy bitcoin easily with debit card.

Some issue we found with ZebPay are – Zebpay is available only on Android and iOS devices. It is not available on desktop yet. Buy and sell price difference: The difference between the buying and selling rates is usually quite wide on Zebpay. While most Indian companies at the moment offer wide spreads, this will reduce as the amount they trade increases.

You need to transfer money through online banking. If you use NEFT/RTGS/IMPS then it takes more than 1 working day to load the money. If you use payment gateway, then you have to shell out an additional 2.3% of convenience fee. Also You can’t place any auto buy / sell orders based on cut off prices. (I think this used to exist but I no longer see it on the app). And Most important Security seems a little slacker than Unocoin. The app opens without any Pin unless you explicitly go in settings and enable it. They should also enable 2 factor authentication.

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