The best Crypto Exchange in India is a tough place to find. But this article will help you find it.
A Crypto Exchange should be secure, fast, and easy. Security is crucial since it’s handling data and money. Also, an Exchange facilitates multiple transactions at any given moment, so it has to be fast. And making things easy is the backbone of any business.
Further in this article, we’ll cover all the important perimeters to check before selecting an Exchange. So, let’s go dig things deeply.
Criteria for choosing the Best Crypto Exchange in India
There are a few certain criteria for choosing the best crypto Exchange in India. You can be smooth with the trivial ones. But never compromise with the essentials.
Following is a list of things to be checked before opting for an Exchange.
Security of the best Crypto Exchange in India:
The Exchange has your money, digital assets, and your private details. So choosing the best is the only option. It can be a little burdening. Comparing various Crypto Exchange platforms sounds a bit cumbersome. But, it’s also equally rewarding, if not more.
Choose the Exchange which provides adequate security. Because compromising with security almost means handing it to fraud. And the Crypto world is full of frauds and hackers.
Location of the Crypto Exchange:
Finding the origin of the crypto Exchange is crucial. The Crypto market is prone to government blows. And if you want to get away without getting hit, choose a registered national crypto Exchange.
The registered Exchange would adhere to the guidelines of the local government and keep your money safe. It will keep your investments legitimate.
Fees paid to the Exchange:
An Exchange is not a non-profit organization. So you should be ready to pay a lot of money for making money on these platforms. An Exchange can charge money for various operations. These charges possibly change from one app or process to another.
The Exchange may charge you for purchasing an asset. It can take a cut in the transactions. Or it can do both. It totally depends on the Exchange.
So make sure to read all the charges the Exchange takes before choosing it.
Available Crypto Assets:
Well if the Exchange doesn’t have your desired tokens available then it should be out of the equation. Always check the availability of assets before choosing an Exchange.
The best Crypto Exchange in India should have a list of more than 100 Crypto tokens. If there are not enough altcoins available on an Exchange, then it is advisable not to choose that Exchange.
The Past, Present and Future of the Exchange:
Take a look at the history of the Exchange. Was there any data breach or any cyber-attack on it? If, yes. Turn around and never look back at that Exchange.
If an Exchange’s history is good, look at the future possibilities. Is the platform keeping up with the latest security trends? If, not, then look for the one which does.
One should spend some quality time searching for the best Crypto Exchange in India. Fraudulent activities in the crypto market will not cease to exist. So, one should choose the Exchange with top-level security methods.