They have become an alternative to government money.
What is Cryptocurrency and how does it work?
It transfers value without the assistance of any middleman. Additionally, it is not issued or controlled centrally by any government. Each cryptocurrency works on its own Blockchain technology.
Bitcoin, Ethereum (Solana), Cardano and Litecoin are some of the most popular cryptocurrencies.
The Indian Scenario
Although the Centre was wary about cryptocurrency in India and the RBI want to create their own digital currency, India is home to the largest number in crypto ownership in the world.
What are Cryptocurrency Apps, you ask?
These apps are available for both iOS and Android users.
Which are the Best Cryptocurrency apps in India
WazirX (CoinswitchKuber), Zebpay and Coin DCX are just a few of the popular crypto apps used in India.
WazirX, the Best Cryptocurrency Apps India
Users can secure their accounts using a 2FA/app passcode, which can be enabled in the phone’s settings.
Coinswitch Kuber, the Best Cryptocurrency Software Apps in India
It is based out of Bengaluru, and has received funding from prominent VCs.
Best Cryptocurrency Apps India Zibpay
It charges a membership cost of 0.0001 BTC per Month and a lower trading fee of 0.1% when trader enters or exits on the exact same day.
Top Bitcoin Apps in India Cryptocurrency Exchanges
It has an easy-to-understand interface for beginners.
Best Cryptocurrency Apps India Hindi Binance App
Transfer assets between WazirX, Binance and other countries is possible at no additional cost.
Most Popular Cryptocurrency Apps India Unocoin
It has teamed up with ecommerce companies in order to allow users redemption of gift vouchers that they have purchased using Bitcoin.
Best Bitcoin Apps in India Cryptobase
However, there are high transaction fees. There are very few altcoins.
Closing
Before you start investing in cryptocurrency apps, be sure to examine the financial condition of the company.
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