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Exchanges to Purchase Bitcoins and Altcoins

In the last year, the bitcoin demand has increased considerably among Indians. And more and more people now want to invest in cryptocurrencies and not just into bitcoins but also in other altcoins available in the market right now.

Sensing this opportunity, there are already several exchanges available in India and more opening day by day from where one can easily buy bitcoins.

Many exchanges are available in India but I am mentioning only the most famous ones.

Popular Exchanges in India:

Unocoin – This is one of the popular platforms for bitcoins. Here the customers can buy/sell/store bitcoins with any bank account via NEFT, IMPS, and RTGS.

  • Pros of the Platform
  1. Low 1% fee for buying/selling and gets reduced to 0.7% after 60 days usage and significant transaction volume
  2. Easy to use
  3. Trusted brand
  4. Topup DTH/Mobile using bitcoins
  5. Paper wallets
  6. Two Factor Authentication
  7. Android and iOS App available
  • Cons of the Platform
  1. Offers a bitcoin wallet to store bitcoins but one should never store their bitcoins in exchange wallets
  2. Requires ID verification, so not private
  3. Using net banking to instantly buy bitcoins, one has to pay an additional 1.9% fees.
  4. Sending bitcoins to another address costs 0.0005 btc

Zebpay – This is also very famous exchange in India.

  • Pros of the Platform
  1. Easy to use
  2. Trusted brand
  3. Offers additional services like top up of data card, DTH bills, etc using bitcoins.
  4. Android and iOS App available
  • Cons of the Platform
  1. Fees included in buy/sell prices, not displayed publically
  2. Offers a bitcoin wallet to store bitcoins but one should never store their bitcoins in exchange wallets
  3. Requires ID verification, so not private

Coinsecure – It’s an exchange and trading platform. The fees here are very low at just 0.3% per buy and you can use various purchase options like NEFT, RTGS, IMPS, Cash Deposit.

  • Pros of the Platform
  1. Very low fees
  2. Video service guides available
  3. Two Factor Authentication
  4. Android and iOS App available
  • Cons of the Platform
  1. Offers a bitcoin wallet to store bitcoins but one should never store their bitcoins in exchange wallets
  2. Requires ID verification, so not private
  3. Interface is not very good

Also Read: Overview of Bitcoin & How to Earn It

There are many other exchanges but these 3 are the most famous and most used. I myself have an account with CoinSecure. And all these exchanges are based out of India.

Other Global Exchanges from where we can buy bitcoins are

  1. Bittrex

  2. Bitfinex

  3. Coinmama

  4. LocalBitcoins

  5. Shapeshift & Changelly – This is an interesting one. Here, you can purchase other altcoins using your bitcoin and vice versa. You can buy Litecoin, Lisk and all other altcoins by exchanging with your bitcoins and vice versa. The exchange happens almost instantly and you will have your new altcoin instantly into your wallet.
  • Pros of these Platforms
  1. Easiest and fastest way to exchange altcoins with bitcoins and vice versa.
  2. Reasonable fees

I myself think that right now, there are exchanges available in India from where we can purchase Altcoins but they are still in their early stages and hence not a lot of trust has been built on them right now.

So, the best way to buy them is to purchase bitcoins and then use Shapeshift or Changelly to convert them into your respective choice of altcoins.

Do you also prefer Changelly or you guys use the Indian exchanges? Share your thoughts!!!

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