If you are a frequent trader or took interest in cryptocurrency, then you are very well aware of the news announced by the Government of India.
Historic Day for Cryptocurrency in India!!!
"India’s Supreme Court on March 04 - 2020, allowed banks to handle cryptocurrency transactions from exchanges and traders, overturning a ban on such dealings by the central bank that had come as a major blow to the thriving industry".
It was the first step towards embracing cryptocurrency in India, which has the potential of becoming one of the largest crypto markets. After this Court Victory on 4th march 2020, India celebrates its Independence for cryptocurrency and the Indian Exchanges starts Gear Up for the Crypto Trading Surge!
Founder and chief executive of Bitcoin exchange platform WazirX- Nischal Shetty, told that "This was a historic day for Cryptocurrency in India. We can now innovate .The entire country can participate in the Blockchain revolution. Now, anyone who wants to start a cryptocurrency startup — exchange, smart contracts — can do it easily"
Cryptocurrency Regulations in India
In 2017, India’s government seems to be looking at the possibility of less prohibitive cryptocurrency regulations . The Special Secretary of Economic Affairs formed a committee to suggest ways of dealing with the potential AML/CFT and consumer protection issues related to cryptocurrencies. In 2018, reports suggested that a government committee was drafting new legislation which introduced greater cryptocurrency protections for “the common man”.
Future Regulations in India
After the supreme court verdict on legal regulations on cryptocurrency in India lot of investors and cryptocurrency companies are expected to revive plans to invest and expand their business in India.
Because of the tremendous interest in cryptocurrency, crypto traders/ enthusiasts in India have a great plan to start a cryptocurrency niche business to develop their pay scale in shorter span of time.These factors have sparked interest in cryptocurrencies and crypto-assets as a way for India to shape the future of crypto.
Top Cryptocurrency Exchanges in India
Here the following are the top popular crypto exchange in India which are going high volume of cryptocurrency exchange and trading.
LocalBitcoins is an escrow service that also helps to match bitcoin buyers and sellers. However, users may advertise trades for whichever payment method they prefer.
1. Can be private, fast and easy
2. In-person trades require no personal information
3. Purchases of bitcoin can be made quickly via cash deposit
Waxirx is India's most trusted Cryptocurrency exchange to buy, sell and trade digital assets. The exchange offers a simple and easy to use interface with real-time order books, charting, trade history so that you can trade and invest with 100% security.
1. Security and Trustable exchange
2. Bypass the middleman
3. Probably the lowest price of all coins in India
4. Clean and user-friendly UI
Paxful is the leading peer-to-peer bitcoin exchange marketplace where buyers and sellers are connected for business. Having over 300 payment ways are available on paxful which makes it incredibly easy to find suitable offers.
1. Buy Bitcoin Online
2. Trade with secure escrow
3.Earn Passive Income
Remitano is a P2P crypto-trading platform that serves the exchange of bitcoins in a fast and secure manner with escrow service. Remitano platform connects both buyers and sellers under one roof to perform trade with consent and benefits for the whole community.
1. Protect your cryptocurrencies safe- No need of custody to your funds to a third party.
2. Global marketplace
3. Can able to access some of the most popularly traded cryptocurrencies.
Bitbns is Indian based cryptocurrency exchange, started by IIT graduates in 2017. Bitbns works with P2P model where users can directly buy and sell cryptocurrency directly. Users can start using Bitbns once after completing their KYC process.
Coinswitch is an instant crypto exchange platform that helps users to trade more than 400+ cryptocurrencies. It has a very simple and user-friendly interface to trade cryptocurrencies.
Start Cryptocurrency Exchange Platform in India
If you want to develop your own cryptocurrency exchange in India? or Searching for the Best cryptocurrency exchange solutions which make your secure cryptocurrency exchange transactions?
So that you have to team up with a crypto exchange development company that could help you embrace this solution to the core. Whether you are looking to create a new cryptocurrency exchange from scratch or want one based on an existing concept, Coinjoker can build it for you.
Coinjoker is a Cryptocurrency Exchange Development Company based in India promises the most cutting-edge products and services for your crypto-based business with a team of Blockchain developers. Our team of passionate developers offers white-label cryptocurrency exchange script solutions characterized by high performance and top-notch security.
Advantages of Building Your Own Crypto Exchange with Coinjoker
Developing a cryptocurrency exchange platform from scratch takes some more time rather than getting a readymade solution. So be smart to choose a better and easy way!! If you’re planning to get a well-built exchange software like popular cryptocurrency exchange(binance, localbitcoins, wazirx, paxful, remitano, poloniex and more), the best option is to get clone script. It helps you to save time and money. These clone scripts are similar to the original exchange with a wide scope for customization. Our Cryptocurrency Exchange Development can only takes upto 7 days to sucessfully launch your Crypto Exchange platform with easy complexity in cost effective budget.
We offer constant technology upgrades and integration of new features with in-depth market analysis and research to ensure the long-term viability of your cryptocurrency exchange platform.