Post the spectacular 2021; cryptocurrency trading is steadily growing mainstream among Indian traders. No wonder India ranks second in terms of crypto adoption and has the highest number of crypto owners in the world. Beyond the speculative bets, cryptocurrencies are gaining mass traction as viable long-term investments, which besides providing handsome returns, can act as a hedge in your investment portfolio. NFTs, Defi, metaverse, gaming, and web3 are the new buzzwords in the digital world, and the tokens built around them are gaining popularity. Trading cryptocurrencies is most convenient when done via an app.
For any Indian trader, choosing the best app to buy cryptocurrency in India in 2022 is the first step to starting their crypto trading journey. Well, we have got you sorted!
The WazirX app is India’s most trusted and secure cryptocurrency exchange app, with over 11 million users. The app is available on Google Play, macOS, Windows, and Apple App Store. With over 10 million downloads, the WazirX app is the most popular app for traders in India.
There’s a lot that makes WazirX app the best app for cryptocurrency trading in India in 2022:
Extensive Crypto Trading Pairs on Offer: WazirX app offers more than 250 cryptocurrencies, including BTC, ETH, BCH, USDT, DOGE, ADA, SHIB, LTC, SOL, USDC, etc., and over 450+ crypto trading pairs for traders to trade-in.
Multiple channels for making Deposits: The app allows users to make INR deposits in multiple ways, including UPI, RTGS, IMPS, bank transfer, and net banking. Users can employ any method to deposit funds in their accounts and start trading in cryptos via the app. The traders can deposit and withdraw INR funds instantly, 24/7.
Simple and Intuitive Interface: The WazirX app has a simple and intuitive interface that allows beginners to navigate crypto trading without friction. The app offers real-time open order books, stop limit, TradingView charts, and trade history for you to trade and invest in some of the world’s best-performing digital assets. These features make WazirX one of the best cryptocurrency apps for beginners in 2022.
Security: Since you would be transacting all your trades via the app, the trading app must be secure. WazirX app, besides the 2-factor authentication, offers in-app passcode for secured crypto investment transactions. The WazirX team uses the best industry practices to offer its users best-in-class security. The WazirX team is committed to making WazirX India’s most secure exchange app. In order to keep the security mechanisms robust and fool-proof, WazirX invests in regular security audits.
Easy Onboarding: The app offers a hassle-free onboarding experience to beginners and seasoned investors. With a few easy steps, traders can register on the app and get their KYC verified in just a few hours. The platform uses top-of-the-line identity verification systems to process the KYC quickly while ensuring the right KYC protocol.
Low Costs and Quick Transactions: With millions of users on board, the platform offers deep liquidity and low latency to all its users. WazirX can handle millions of transactions. The infrastructure is designed to scale up within a few seconds to match surging demand. The platform offers one of the lowest fees in India and can be called one of the best cryptocurrency trading apps for beginners in 2022. It also offers one of the lowest withdrawal fees in India, starting from zero.
Highly Liquid: WazirX app has the world’s first auto-matching P2P crypto engine with high liquidity. Both first-time investors and professional traders trust the app. The platform has the highest liquidity in the INR market in India.
About WazirX
WazirX has become India’s most trusted Bitcoin and cryptocurrency exchange, built by a team of hardcore traders and passionate blockchain believers. The exchange is a part of the Binance Group, the world’s largest crypto exchange, serving users in 180 countries. The exchange started in 2018 and since then has seen a steep rise in the number of users. The exchange witnesses trading volumes of $5.4 billion per month and has been growing at an exponential rate. The exchange has over 11 million users and can be accessed via several platforms, including iOS, Android, and desktop.
If you are a new trader looking for the best cryptocurrency app for beginners in 2022, WazirX can definitely be your go-to option. You can trade like a pro on the best app for cryptocurrency trading, in India, in 2022, in hundreds of cryptocurrencies, and enjoy the fastest and most seamless user experience. Happy Trading!
Frequently Asked Questions
Is crypto legal?
Crypto is legal in most countries, including India. While nations like the U.S. and many in Europe have regulatory frameworks, others like China have strict bans.
Which Cryptocurrency Is Best To Invest In 2021?
Many altcoins are flourishing to invest in. Some cryptocurrencies with great potential are Ether, Ripple, Tron, and more. Investors are trying to diversify their portfolios and are flocking to the leading cryptocurrencies. Many growing businesses are already accepting cryptocurrency as acceptable payment methods.
What Is Virtual Currency?
Virtual currency is a type of uncontrolled digital currency that can only be used online. It is exclusively stored and transacted using designated software, mobile or computer applications, or unique digital wallets, and all transactions are conducted through secure, dedicated networks. Because digital currency is just currency issued by a bank in digital form, virtual currency is not the same as a digital currency. Virtual currency, unlike ordinary money, is based on a trust structure and cannot be issued by a central bank or other banking regulatory organization.
Is Mining Cryptocurrency Legal?
Cryptocurrency mining can be time-consuming, expensive, and sporadically profitable. Mining has an appeal for many cryptocurrency enthusiasts as miners are paid directly with crypto tokens for their efforts. The legality of cryptocurrency mining is dependent on where you live. In India, there is no restriction on crypto mining.
Is Ethereum Safe To Invest?
The Bitcoin market is unquestionably more volatile than the stock market. This may not be the market for you if you are incredibly risk-averse. Ethereum, on the other hand, may be a terrific investment for you if you're a diamond-handed investor who won't lose sight of short-term losses. Ethereum is a relatively safe investment as it is also based on blockchain.
How To Invest In Cryptocurrency?
There are two ways of investing in cryptocurrency, mining and via exchanges. Cryptocurrency mining is considered the procedure of verifying and adding transactions to the blockchain public ledger. Another option is via cryptocurrency exchanges. Exchanges generate money by collecting transaction fees, but there are alternative websites where you can interact directly with other users who want to trade cryptocurrencies.
How To Invest In Cryptocurrency Stocks?
Cryptocurrency can be purchased in two ways: through mining or exchanges. The process of confirming and adding transactions to the blockchain public ledger is known as cryptocurrency mining. Cryptocurrency exchanges are another option. Exchanges make money by charging transaction fees, but there are alternative platforms where you may communicate directly with other cryptocurrency traders.
What Are The Best Cryptocurrencies To Invest In?
The best cryptocurrencies to invest in would be the ones you study and analyze in detail. Some of the most popular cryptocurrencies include Bitcoin, Ethereum, and many altcoins such as Tron, Ripple, Litecoin, etc.
What Is The Meaning Of Crypto?
A cryptocurrency is a digital currency that is secured by the process of cryptography, making counterfeiting and double-spending almost impossible to happen. Blockchain technology is used to produce cryptocurrencies ( a distributed ledger enforced by a distributed network of computers). Cryptocurrencies are distinct in that a centralized authority does not issue them.
Is Crypto Legal In India?
Cryptocurrencies are legal in India, and anyone can purchase, sell, and exchange them. It is currently uncontrolled, as India lacks a regulatory structure to oversee its operations. Per the Ministry of Corporate Affairs, companies must now record their crypto trading/investments within the financial year. In cases where a person receiving the gains is an Indian tax resident, or the cryptocurrency is regarded as domiciled in India, cryptocurrency transactions have been taxable in India
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
