The cryptocurrency wave that swept the world in 2021 refuses to go down in 2022 as well. People worldwide have started making huge investments in crypto, and India is no different. In 2021, India became the second-highest country in crypto adoption globally, next only to Vietnam.
With over ten crore users, cryptocurrency trading has become a rage among Indians, especially Gen Z and millennials. The first step in your crypto trading journey is choosing the right exchange, as you would be transacting all your trades via the exchange only. But a big problem for many crypto owners is the confusion regarding which one’s the best crypto trading platform in India.
Four Major Considerations for Choosing the Best Crypto Trading Platform in 2022
Four important factors determine which one’s the best platform for crypto trading in India.
#1 Quick KYC
An important factor that traders consider while choosing the best cryptocurrency exchange is quick KYC (Know Your Customer). Almost all crypto exchanges require their users to get their KYC verified. While many trading platforms take up a lot of time to complete KYC, some offer quick registration. You will want to go with the second option unless you like standing in long queues.
#2 Liquidity
The other major factor worth considering is liquidity. Any good crypto trading platform with higher liquidity should allow traders to complete a transaction quickly since it will be hosting many other traders.
#3 Fees
Since trading platforms charge a fee on every trade, you must look for platforms that don’t have a huge fees structure. Unfortunately, some platforms charge fees at every point, be it buying and selling or depositing and withdrawing. This will stop you from making any considerable profits. Hence, you are better off picking up a crypto trading platform that charges a flat amount or percentage on overall trades.
#4 A Good Mobile App For Trading on the Go
A good trading platform must have a fully-functional mobile application that offers many important features and perks, such as detailed charts, live-market status, quick buy/sell options, etc. Since many people trade while on the move, it’s not always possible to trade via the desktop site. Therefore, mobile apps are an important factor while looking for the best crypto trading platform in 2022.
What Makes WazirX the Best Platform for Crypto Trading in India?
Since many people are new to crypto trading and mostly know only about Bitcoin, they need to choose the best Bitcoin trading platform. That’s why we have gone the extra mile and picked the best crypto trading platform in 2022 for you.
WazirX was founded in 2018 and has become the largest and the most trusted cryptocurrency exchange in India. In 2021 alone, the platform saw ten times user growth, taking its total user base to 10 million. In addition, WazirX recorded a total trade of over $38 billion in 2021.
While WazirX confers to all the four considerations mentioned above in choosing the best crypto trading platform, here are some more exciting features that WazirX offers, making it the best platform for crypto trading in India:
Easy UI
WazirX packs in beginner-friendly and straightforward UI that anyone can easily operate. The smooth user interface allows both seasoned professionals and newbies to trade easily. In addition, the simple and efficient design, including powerful graphs and an intuitive mobile app, makes trading on WazirX a superfast experience.
Supports Multiple Platforms
WazirX offers a seamless and powerful trading experience across all platforms – on the web, Android & iOS mobile, Windows, and Mac apps.
Quick Transactions
As a trader, you can’t afford to slow down while trading cryptocurrencies. WazirX offers lightning-fast transactions while handling more than a million transactions within seconds. Its system infrastructure can easily scale up to meet surging demand.
Great Security
Security is hugely significant for any trading platform as it holds sensitive user data and transacts trades worth billions, and any external threat, such as a hack, can cause millions in losses. WazirX offers state-of-the-art security while investing in regular security audits to ensure a secure trading platform for the users.
A Large Number of Trading Pairs
WazirX offers more than 450 cryptocurrency trading pairs on its platform. This is amongst the highest compared to any other trading platform in India.
We hope all these points are enough to give you a clear picture of what makes WazirX our pick for India’s best crypto trading platform. So what are you waiting for! Create your account on WazirX and start trading today. Good Luck!
