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Beginner’s GuideCrypto ExchangeCryptocurrency

Convert USDC ERC20 To USDT TRC20 Without Centralized Exchanges

by cryptocreed
written by cryptocreed

USDC is losing its market cap and USDT is one of the most stable & trusted stablecoins in the market. Most people are moving their USDC to USDT or BUSD but it is not that easy to convert USDC ERC20 to TRC20.

You may easily exchange your USDC ERC20 to USDT TRC20 through Centralized exchange but who wants to pay taxes? That’s why we are using the decentralized exchange.

In this article, I am going to guide you on how you can convert your USDC ERC20 to USDT TRC20 using a decentralized exchange.

We are not going to suggest using websites like ChangeNow because it charges lots of fees. If you convert $5000 on them then you have to pay fees worth $40 to $50.

You need to have two crypto wallets one in which you have ERC20 and another wallet that supports TRC20. You can use any wallet from Tron’s official website.

Another thing you need to have is a swap and bridge website.

Note: While writing this article there are very less or nil numbers of bridges that support ERC20 to TRC20.

How To Convert USDC ERC20 To USDT TRC20

This is a step by step guide so do not miss any steps. Here I am assuming you have $1000 USDC and using Metamask wallet for ERC20 and any Tron wallet for TRC20.

First Step: Swap USDC To USDT

At first, you need to convert your USDC (the one which is in ERC20) to USDT (definitely by swapping you will get ERC20). You can use uniswap to swap your USDC to USDT.

I am sure that you know how to use Uniswap to swap USDC to USDT. There is no fee for swapping but there is a network fee that you have to bear which will cost around $2 to $4 (maybe less or more).

Suppose you are swapping $1000 USDC (ERC20) then you will get $996 USDT (ERC20).

Second Step: Add OKX Network To Metamask

It is important to add the OKX network to your Metamask wallet in order to see transactions & balances.

Here is how to add OKX Network to Metamask.

Open Metamask > Go to Custom RPC > Enter the Following Details

  • Network Name: OKExChain
  • Mainnet RPC URL: https://exchainrpc.okex.org
  • ChainID: 66
  • Symbol: OKT
  • Explorer: https://www.oklink.com/okexchain/

Third Step: Use Bridge To Convert USDT (ERC20) to USDT (TRC20)

Currently, I found only OKX Bridge that supports Tron and Ethereum networks.

These steps look easy but it is not.

Okex or OKX bridge supports both TRC20 & ERC20 but it doesn’t allow to have direct transactions. Instead, it asks users to convert their ERC20 to OKC and then TRC20. It means in order to convert ERC20 to TRC20 you need to go through OKC.

Let’s see how to go through all these steps.

Convert ERC20 to OKC

  • Go to https://www.okx.com/en-in/okc/bridge
  • Connect your wallet
  • Choose USDT as a token (remember you have $996 after the first step)
  • Choose “Ethereum” in From & “OKC” in To.
  • Enter the amount & Proceed

There is no fee for converting ERC20 to OKC. It means now you have $996 in OKC.

Convert OKC to TRC20

  • Go to https://www.okx.com/en-in/okc/bridge
  • Connect your wallet
  • Choose USDT as a token
  • Choose “OKC” in From & “Tron” in To.
  • Enter your Tron wallet address
  • Enter the amount & proceed.

You have to pay a fee that will cost you a fixed amount of $0.80.

You will get your converted TRC20 in your wallet within 15 to 30 minutes.

How Much I Got After Converting ERC20 to TRC20 Using OKX Bridge?

Suppose you are converting $1000 ERC20 to TRC20 then you have to pay a fee of around $5. All these fees are charged by the network and not by platforms.

The whole process converts erc20 to trc20 will take up to 30 minutes.

Frequently Asked Questions

I can swap usdt erc20 to trc20 trust wallet or not?

As of now, trust wallet doesn’t allow users to convert their ERC20 USDC to TRC20 USDT.

How to convert usdt trc20 to usdt erc20 on binance?

In Binance all your USDTs are held in different chains at the time of withdrawal you can use any network to withdraw.

I am facing a problem how to get my problem solved?

You can contact us using the Contact page. We will try to get your issue related to convert usdc to usdt solved.

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Beginner’s GuideCrypto Exchange

How To Delete My Binance Account: Binance Allows To Delete Accounts?

by cryptocreed
written by cryptocreed

Tracked some suspicious activity in your Binance account? Don’t want to use Binance anymore? Then you should delete your Binance account immediately before someone else puts his hand on your account.

But the main question is that Binance allows deleting of Binance accounts? You will get to know everything in this article. Let’s start.

Binance Allows Users To Delete Their Account?

Yes, it allows users to delete their account and disable their account too.

Deleting an account means taking off your registration and information from the site and disabling an account means your account will be closed temporarily.

Instead of Deleting an account, you can Disable your account if you want to use it again in the future.

How To Delete Binance Account (Disable)

Binance first allows you to take temporary off from them or you can choose to delete your account too, it’s all up to you.

Disable Binance Account In App

1. Log in to your Binance account

2. Go to the account page

3. Click on Security

4. Scroll down and you will find the “Disable Account” option, click on it.

5. Binance will ask for confirmation. Click on Disable Account again.

6. You are not on the home page and your account is now disabled.

Disable Binance Account Through Website

1. Log in to your account.

2. Click on the profile logo.

3. Click on the Security option.

4. Under Devices and Activities you will find the “Account Activity” option below the “Disable Account” option can be seen, click on it.

5. Binance will ask for confirmation. Click on Disable This Account.

Delete Binance Account

In the above steps, in the last step, Binance will give you the option to delete your account as well. If you choose the Delete Account option then you will lose your account forever.

Also Read:  How To Add Avalanche To Metamask

Also Read: How To Delete Your Crypto.com Account

Disabling allows you to get your account back but deleting doesn’t allow you to get your account bank hence take care of things before deleting the account.

How To Enable Binance Account

If you choose to disable your account then you can enable your Binance account anytime. To enable your account you simply need to contact support. Click here to visit Binance Support.

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AltCoinCrypto Exchange

Updated List Of Best New Cryptocurrency Exchange Launched

by cryptocreed
written by cryptocreed

In this growing cryptocurrency market, there are many new cryptocurrency exchanges that are getting launched. Since new exchanges are launching it is not easy to know which new cryptocurrency exchange launched recently and which one is legit from them.

Dex and Cex are two main types of exchange Cex are Centralized and Dex is Decentralized. Nowadays more Dex platforms are launching but not all of them are legit and some Cex is also launching but not all are trusted here as well.

Nore, we know which one is legit but we did some research and going to list the new cryptocurrency exchange here. We will try to keep updated this list as much as possible.

If you know any new exchange then you can help us to share that with others by commenting below.

Let’s check out the latest launched bitcoin exchange with its launch date and country of origin.

Benefits Of Using New Bitcoin Or Crypto Exchanges

There are different benefits of new exchanges and it depends on each exchange but the following are some main reasons why people love to use newly launched exchanges.

  • If you are a crypto arbitrage trader then you might like to use new crypto exchanges as it provides different rates than other exchanges like Binance, Kucoin, or Coinbase.
  • New exchanges can give you free bonuses like registration bonus, own coin, free trading fee, and much more.
  • You can become part of the future airdrop, you might know about Uniswap’s airdrop.

Best New Cryptocurrency Exchange

Following are the exchanges that are newly launched. Having trust is something which you should care about yourself but creating an account is worth it as it can drop you some free coins anytime.

MoonXBT – April 2021

MoonXBT claims to be registered in the Cayman Islands and has offices in different countries like Singapore, Hong Kong, Malaysia, South Korea, Japan, Vietnam. But they did not mention their address anywhere.

They have a good aim to launch of making trading simple and comfortable to everyone either it is a newbie or a pro trader.

They have their android and iOS mobile app which has been installed more than 10K times on the Play store alone.

Trading Fee: 0.05% for both maker and taker

Overall Review: 1.5 out of 5

Altcoin Swap (Looks Spam)

Altcoin Swap is nothing more than a simple swap platform but it looks spammy, using WordPress is not good at all.

They provided the following details for their addresses

ALS Limited., a company incorporated in Seychelles, Registered address in Seychelles: Global Gateway 10, Rue de la Perle, Providence, Mahé. Postal Address: Kraanspoor 52, 1033 SE, Netherlands

Also Read: Pionex Review

They are very new and their website also looks vague and the same as their logo.

Trading Fee: 2.83% for both Taker and maker

Overall Review: 0 out of 5

SpookySwap – April 2021

SpookySwap claims to be the only Automated-Market Maker Dex built on top of the Fantom opera network. They have their own token with ticker BOO and are listed on Coingecko & CoinMarketCap.

Trading on their own platform and a few other exchanges, where their total last 24H volume was around 14,136,738 USD with the current price of 24 USD.

They did partner with known platforms like Samurai and others. You can do the swap, Stake, Farm, Provide Liquidity, Bridge, and NFT

Trading Fee: 0.20 from both maker and taker

Overall Review: 3.8 out of 5

ComethSwap – January 2021

ComethSwap was launched by Cometh in January 2021. Anyone can list their ERC20 compatible pair on their open DEX. It has features like Swap, NFT marketplace, Pool, Farm, and games to play.

It has its own token which is known as MUST. The current total liquidity is around $13,722,170 and the last 24 hours volume is more than around $400K.

It is compatible with Metamask, WalletConnect, StakeDAO, and listed on Coinmarketcap & Coingecko as well.

They are also promoted or supported by big Twitter influencers.

Trading Fee: 0.50 from both maker and taker

Overall Review: 4 out of 5

BitWells (Looks Spam)

Bitwells is a digital currency financial derivatives trading platform focusing on the Bitcoin market, providing futures leveraged trading of mainstream digital currencies like Bitcoin, Ethereum, Litecoin, Ripple, etc. The company is registered in the UK and is jointly developed by Internet experts, cryptocurrency traders, and financial professionals.

They claimed to be mentioned in big media platforms but while doing research I didn’t find them anywhere.

Their app is available on the Play Store where if you read reviews then definitely you will think twice before downloading their app. It seems like spam reviews.

They are using a name similar to a known cryptocurrency exchange called BitWell

Trading Fee: 0.080 from both maker and 0.075% taker

Overall Review: 1 out of 5

MDEX

MDEX is launched in January 2021 and rocked the dex world with its back-to-back news and announcements. it is an AMM decentralized exchange protocol that follows the concept of fund pools with a dual chain model on Ethereum and Heco networks.

The smart contract is verified by Certik and Slow Mist and done partnership with major platforms. $0.001957 Withdrawal Fee is there.

Their token MDX is listed on exchanges like Binance.

Trading Fee: 0.30% from both maker and 0.30% taker

Overall Review: 5 out of 5

Other New Cryptocurrency Exchange

Wollito

Wollito exchange was launched in 2021 but was not able to attract more users. As per their website, they have HQs in Yiannis Court, Neophytos Nikolaides Street 61, Paphos, Cyprus. 8011 and House of Francis, Office 303, Ile Du Port, Mahe, Seychelles.

https://wollito.com

LetsExchange

Another new cryptocurrency exchange is registered in Seychelles. Instant cryptocurrency exchange service free of registration, limits, and complications. 250+ coins, fixed & floating rates.

https://letsexchange.io/

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FTX Stock
Beginner’s GuideCrypto ExchangeFeatured

What Is FTX Stock: Know Everything About FTX Tokenized Stocks

by cryptocreed
written by cryptocreed

There is a new trend in the crypto market that is the purchase and trade of Tokenized stocks. Cryptocurrency exchange FTX is one of the best places to trade Tokenized stocks.

FTX offers USA-based listed stock assets to trade using on the digital platform. If you are new to tokenized stocks then you should aware of FTX stocks.

Let’s understand more about FTX stock.

What Is FTX Stock?

FTX is a cryptocurrency exchange based in Hong Kong it was founded in the year 2019 and currently it is one of the most active and known cryptocurrency exchange platforms.

The last 24-hour trading volume is 122.3K Bitcoin. The team behind FTX is the Alameda Research team.

So now What is FTX Stock? It is not any separate platform or service. It is just part of the FTX exchange where you can trade stock assets using cryptocurrencies.

You can trade stock assets that are listed on the US Stock market. Some of them are Uber, Tesla, BlackBerry, Gamestop, and many more.

There are more than 50 assets you can trade including the future markets for the same stock. All the available stocks are custodied by CM-Equity. So by joining or purchasing FTX stocks you become the customer of CM-Equity automatically.

How To Purchase Tokenized Equity On FTX

To purchase tokenized equity stocks on FTX you have to register on their website. To register visit their website and click on the register button. After registration, you have to verify your email.

Make sure you have activated 2FA and verified your account.

After that, you have to add funds to your wallet in order to purchase stocks. Once you have funded your account with money you can purchase stocks easily.

Now when you have funds in your account click on the Stocks button. You can choose any tokenized stocks you want to buy.

FTX Stocks KYC

You have to submit KYC twice. At first, you have to submit KYC to the FTX platform and next you have to submit KYC to CM-Equity AG.

And at the end Complete a brief questionnaire from CM-Equity AG. These questions are simple and related to your trading experiences. Click here to visit the KYC page. KYC process mostly takes few business days.

KYC might take more time if they have lots of requests for KYC.

Also Read: What IS NFT in Crypto?

Also Read: Start Your Own CryptoCurrency Exchange Now

About CM-Equity Company

CM-Equity is a Germany-based financial institution. It is fully regulated under German laws. You can find their office in Munich, Germany. They are associated with Blockchain Bundesverband, Partner of VBANK – Die Bank der Vermögensverwalter, Member of the German Association of Independent Asset Managers, and Blockchain Bayern e.V.

As an FTX user, you agree to become a CM-Equity customer while applying for KYC. It provides brokerage services. All trades perform on FTX stocks are moving through CM-Equity.
FTX TOKENIZED STOCKS GUIDE

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Start your own cryptocurrency exchange in India
Beginner’s GuideCrypto ExchangeFeatured

How To Start Your Own Cryptocurrency Exchange In India

by cryptocreed
written by cryptocreed

Do you want to start your own cryptocurrency exchange in India? Then you are at the right place. In this article, I will guide you on how you can develop a bitcoin exchange platform in India.

Many people think that starting cryptocurrency is just all about a website. If you think like that then you are wrong. Starting exchange needs huge time and concentration else you will fail.

How To Start Cryptocurrency Exchange In India Step By Step Tutorial

Starting your own exchange is never an easy idea. To start your own cryptocurrency exchange in India you need to follow the below steps.

Step 1) Exchange Idea

There is already more than 8 active cryptocurrency exchange in India. If you are starting your own then you need to add something unique to it.

For that, you have to analyze each of the exchange platforms. By analyzing them you will definitely find something which most of them don’t have.

You have to check not only Indian exchanges but also cryptocurrency exchanges. Only a few exchanges have their own coin or token if you are planning then you can also create your own token and can use it to exchange.

Also Read: List Of Best Bitcoin Mixer List

Also Read: List of Best Multi Cryptocurrency Wallet

Step 2) Build Dedicated Team

To start any business you definitely need a dedicated team who dedicatedly works for you and with you.  While hiring team members you need to be sure that your team members are good developers and good people too.

For an exchange site, you need at least 5-10 people in your team. Like a developer, marketing specialist, and managers.

You can find developers on Internet easily, comment or contact us in case you are facing a problem in finding a team.

Step 3) Do regulatory study

In India, Bitcoin and cryptocurrencies are not fully safe to use, I am not saying that it is illegal but it is not officially legal too.

I mean there is no proper law on this. Hence you need to register yourself properly. Registering as a company is a major factor that affects any exchange.

You must be in contact with a lawyer who has professionalism in blockchain-related cases.

Step 3) Partner With Payment Processors

No payment processor provider will say No but In India, you might face a problem with this. Most people are not aware of cryptocurrencies and not even payment processor providers. They feel unsafe while working with cryptocurrency-related projects.

Step 4) Launch Beta Version

After checking with regulators, having an idea, payment processors detail and building own team. You should go with the beta launch first.

Beta version lets you understand what users think about your exchange. You have to ask users to give you feedback. This will help you to build your platform more user-friendly.

Step 5) Launch The Main Version

After collecting all the information, now you need to launch your main version of the exchange. Make sure the user doesn’t face any issues. Try to solve all issues before, they come in the beta version.

If users will keep facing problems then they will not use your exchange even though you are highly trusted. Users want better service.

Step 6) Raise Funds

Running and growing cryptocurrency exchanges in India or anywhere around the globe is not an easy task. You have to spend lots of money on that.

Once you launch the platform you need to promote that and once you will start gaining users you have to spent lots on servers and security. Which is the real cost behind cryptocurrency exchange.

There are many investors who keep investing in cryptocurrency platforms including exchanges. If you have a better team, registered office, a better product then you will get investment without any issue.

Step 7) Do Marketing

You need thousands of dollars to promote your exchange, there are already many exchanges on the Internet, and adding one is not enough.

You have to spend money on partnerships and promotions. The simple way to promote your exchange is Advertising Networks. If you think Google Ads is good then let me tell you that you are wrong. I never suggest promoting crypto things on Google Adword.

There are many Bitcoin Advertising Networks that you can use to promote your exchange. Or you can contact crypto bloggers or vloggers directly.

Cryptocurrency Exchange Script

If you want to purchase cryptocurrency exchange rather than developing on then you can get one from here (List of Best cryptocurrency exchange script).

If you think you can purchase a script and can run your site then you are wrong. You still need to modify according to your idea. Because users will get to know that you are using a purchased script. And no one wants to put their fund in such a website which is not able to develop their own script.

Following are the some of the best script which you can use.

  1. Trademen 4.1 – 47 Sales and a 5-Star rating
  2. Crypterion – 133 sales and a 4-star rating
  3. Nishue – 415 Sales and a 5-star rating
You can find many more on the internet but do all research purchasing any of them. If you are trying to purchase white label exchange software from the internet then go through legit sellers only.

Frequently Asked Questions

How much does it cost to set up a cryptocurrency exchange?

It all depends on your budget if you have less budget then you can purchase script, domain, and hosting to start but if you want to start a business then you have to spend at least $400K to $1M.

Best country to start a cryptocurrency exchange?

Definitely, India is currently the best country to start a cryptocurrency exchange unless you are ready to face authorities. Singapore and Malta are the best places to start your own cryptocurrency exchange.

How to start a crypto exchange in India?

Follow up the above steps to start your own bitcoin exchange in India.

Should I open my own crypto exchange?

Well, if you have huge money and able to solve the issues then sure you should open your own crypto exchange.

Conclusion: If you want to start your own Bitcoin or cryptocurrency exchange in India then you have a budget of at least $200K. Starting exchange is easy but keep it running is very hard you have to control your team, solve the customer issues, face authorities, and much more things.

In case you need any help or have any questions kindly use the Contact Us page to shoot us a message.

START OWN CRYPTO EXCHANGE

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Cryptocurrency Exchange In India
Crypto ExchangeIndia

9 Best And Trusted Bitcoin and Cryptocurrency Exchange In India 2023

by cryptocreed
written by cryptocreed

Note: As of June 2023, no Indian cryptocurrency exchanges are safe. We can see huge price differences, withdrawal problems, and deposit problems. 

Looking for the list of a cryptocurrency exchange in India to purchase your first Bitcoin or Altcoin? (All other coins except Bitcoin are Altcoin). Then you are at the right place. Here in this article, I am going to review the top 5 all-time cryptocurrency exchanges in India.

Do you know there are more than 10 cryptocurrency exchanges in India that are active? Yes there are but not all of them are good for you, do you know why? because of the below reasons.

What To Look Before Choosing Cryptocurrency Exchange In India?

You can’t just pick any exchange and start using them, you have to look for different things like their trading fee, withdrawal and deposit fee, rates, office, customer support, and few other things.

Trading Fee:- If you just want to purchase and HODL then this factor will not affect you much but if you want to trade on daily basis then this will affect you.

Suppose exchange A is taking 1% fee on trading and exchange B is taking 0.75% then you have to go with exchange B for of course. Think you purchased cryptocurrency worth $100 then you can save 0.25% which is $0.25 if you use exchange B. 

And think you do trading on a daily basis and your monthly volume is more than $10K?

Withdrawal & Deposit Fee:- This really matters a lot there are exchanges which does take much time and takes a high fee. You do not want to pay high fees right? Here in this list, I will mention all fees taken by exchanges.

Rates:- Rates of cryptocurrencies are dependent on the market and users. You will find different rates on different exchanges. Definitely, you will want to purchase coins at a low rate.

Offices:- Most of the exchanges running in India are centralized, hence if you know what I want to say then you will surely want to know their location for any important Deal and Help.

Customer Support:- Sometimes users face problems like deposited money is not showing in their account and for some other issue in this situation you can call customer support and can get your problem solved. 

Some exchanges do offer 24/7 customer service and some don’t. Exchanges that offer 24/7 customer support are best for newbies.

Best Cryptocurrency Exchange In India

This is the list of India’s Peer to Peer exchange sites. The Founder and CEO of all sites are Indian except LocalBitcoins. Post below if I forget to mention any site Or entered any wrong information. Below Best P2P exchanges are reviewed by our team.

Must Read: Best Bitcoin and Cryptocurrency Wallets

Must Read: How To Retrieve Stolen Bitcoin

WazirX

It was founded in 2018 by Nischal Shetty. 0.0005 BTC is a withdrawal fee, Users can withdraw 0.001 BTC to 3 BTC once. Trade fees are almost the same for all coins. Makers 0.1% and 0.25% for takers. KYC is a must to withdraw coins according to their KYC guide page. WazirX support is very active on Telegram, Twitter, tickets.

There is no fee for P2P trading.

Wazirx Features

  • They have Android and iOS App
  • KYC, 2FA, and Mobile SMS
  • Earn free 100 WRX Coins on the first trade!
  • Wazirx backed by Binance

CoinDCX

Founded by Sumit Gupta in 2018. Supports more than 250 cryptocurrencies against BTC. The trade fee is the same for both maker and taker is 0.1%. Withdrawal fees are 0.0003 BTC and the minimum withdrawal is 0.001 BTC. Support is active on Telegram and support.

They do have a 40 million-plus daily trading volume by 1 Lakh active monthly users. 

CoinDCX Features

  • Simple and easy to use
  • 2FA security is active
  • INR deposit is very fast
  • Offers Lending and Staking options

Bitbns

BitBNS is another trusted cryptocurrency exchange in India started in Dec 2017 by a team of IIT graduates. 0.25% is a flat trade fee. Bitcoin withdrawal fees are 0.0005 BTC. KYC required to enable transactions. Users can deposit using NEFT and using Payment Gateway. Support is active on Telegram and support. “Trade superquick on Bitbns from Binance, through a Chrome extension“.

BitBNS Features

  • APP is available on iOS and Android
  • 2FA, Mobile SMS, and Email
  • Own ICO launchpad
  • Own arbitrage platforms
  • Active telegram group
  • Automated buy and sell

ZebPay Cryptocurrency Exchange

ZebPay is one of the oldest Bitcoin exchanges in India. It was founded in the year 2014 and currently officially serving in India, Australia, and Singapore. With more than 3 million registered users they are one of the active BTC exchanges in India.

The fees for trading are a 0.15% maker fee and a 0.25% taker fee.

ZebPay Features

  • Easy and simple to use
  • Highly secured
  • Robust API and Endless possibilities of crypto pairs
  • Own cryptocurrency wallet

Localbitcoins (Out Of Service)

This is not an India-based company. Localbitcoins was founded by Nikolaus Kangas in Finland in 2012. This is one of the best of best Peer 2 Peer Bitcoin exchanges. Currently supporting 248 countries and more than 16,729 cities are supported. Users can use PayTM, Cash, NEFT, and bank account.

The only big negative thing is their fee and rates. You will find very different rates in comparison to other exchanges and fees are also too high.

Localbitcoins Features

  • Easy to use
  • Safe to use
  • Almost accepts all local payment methods
  • Only highly active Peer To Peer Exchange in India

Giottus 

Giottus is the new and best bitcoin exchange in India. It was founded by Vikram Subburaj. 0.25% trade fee on buy orders and no fees on sell orders. The deposit charge is 0.2% on INR and the withdrawal fee is 0.0004 BTC and 0.2% INR. Support is active on Telegram and Live chat support.

They have fewer active users in comparison to other bitcoin exchanges in India but they are worth using. More than 50K users have downloaded their mobile app. It supports major cryptocurrencies like Bitcoin, Ethereum, Ripple, Bitcoin Cash, Tron, USDT, and others.

Their office address is: Plot #10, Ramyam Mukhil Apts, Vallalar Street, Selvam Nagar, Pallikaranai, Chennai – 600100, Tamil Nadu

Giottus Features

  • Instant INR deposits and Withdrawals
  • 24/7 customer support
  • Biometrics Authentication Enable/Disable

UnoCoin – First Bitcoin Exchange In India

Unocoin is India’s first cryptocurrency exchange that was launched in the year 2013. It is the Bengaluru, an India-based registered company and surprisingly it is the only cryptocurrency exchange that launched Bitcoin ATM in India.

It charges a fee of 0.7% to buy or sell bitcoin and any cryptocurrency. If you ever searched on google for bitcoin exchange for India then you might know about UnoCoin.

UnoCoin Features

  • OTC trading
  •  It offers 2FA, AES-256
  • Auto sell cryptocurrency
  • Systematic Buying Plans (SBP) for Bitcoin
  • Mobile recharge and Top-up wallets

Who launched the first bitcoin exchange in India? Sathvik Vishwanath is the founder of India’s oldest cryptocurrency exchange.

You can use my invite code while registering:- U-10281

CoinSwitch Kuber

CoinSwitch was founded in the year 2017 by Ashish Singhal and has offices in Bengaluru. It is backed by Sequoia Capital and other investors. It is a mobile-based platform only. To use them you have to download their app which is available for iOS and Android.

They have more than 2 million monthly active users. 

CoinSwitch Features

  • Fast KYC process
  • Best customer support
  • Instant deposit and withdrawal
  • Easy to use
  • 300+ cryptocurrencies supported

BuyUcoin

BuyUcoin was Started in 2016 founded by Shivam Thakral. The maker fee is 0.42% and the taker fee is 0.84%. IMPS and UPI deposit is free and the payment gateway charge is 2%. Support is active on WhatsApp and support. KYC is required to enable the transaction.

Update: Recently we heard users got cheated on their platform. And their reviews on the Google Play store also decreased recently.

Frequently Asked Questions

Which Exchange I should choose to exchange or buy Bitcoin or cryptocurrency in India?

I personally recommend Wazirx and BitBNS but you can use any of them as they all are legit (when I published this article).

Best Indian exchange for cryptocurrency?

Wazirx, CoinCDX, BitBNS are some of the trending cryptocurrency exchanges in India.

When Bitcoin started in India?

These are not the questions you have to ask, bitcoin there is no need to start anything here. Bitcoin is for everyone and anyone can purchase from anywhere. So no one knew who is the exactly owned Bitcoin in India at first.

How to exchange cryptocurrency in India?

You can use any of the above exchanges to exchange cryptocurrency in India including Bitcoin and other altcoins.

How to exchange bitcoin in India?

You can use any of the above exchanges to exchange cryptocurrency in India including Bitcoin and other altcoins.

Which is the safest cryptocurrency exchange?

Wazirx can be the safest exchange in India as they are backed by own of the secured cryptocurrency exchange Binance.

How to exchange cryptocurrency for cash

Most Indian exchanges do support Cash deposits and withdrawals.

Which cryptocurrency exchange has the lowest fees?

CoinDCX and Wazirx have the lowest trading fee but the withdrawal fee depends on the coin you want to withdraw.

If you found we missed any bitcoin exchange site then comment below we will review and add them.

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dex cryptocurrency
BitcoinBuy BitcoinCrypto Exchange

What is DEX? List of Decentralized Exchanges

by cryptocreed
written by cryptocreed

DEX stands for Decentralized Exchange. There are mainly two types of exchanges are available in the market Centralized and Decentralized. In centralized it is fully managed by a single person or team of persons, it includes your funds too. But in Decentralized it is not managed by any person or no one can change or touch any user’s account or funds.

Note: Never share your Private Key of your wallet or Password or PIN. Even if he is your friend, a big company owner (scammers may contact you by saying he is the owner of this or that company). Also sometimes you may face an issue with your funds or accounts on exchanges and you may try to reach the support team through various methods and it is possible for scammers to contact you by saying they can help you. Simply ignore his message because he may share links includes viruses, phishing sites, ask for private Keys.

Let me show you a small difference between Centralized and Decentralized Exchanges.

  • In centralized your funds are controlled by Exchange owners and in Decentralized, your funds are controlled by you, I mean by the user itself.
  • Not anonymous in the Centralized exchange case but in Decentralized Exchange it is anonymous.
  • Centralized Exchanges are possible to get hacked. Decentralized exchanges are not possible to get hacked.
  • Owner scam users, In Centralized exchange owners, can run away with users funds but in Decentralized owners/creators can’t take users funds.
  • No limitation in Decentralized exchange unlike in Decentralized there is various types of limitation.

As we all know every good thing comes with some problems. There are some problems with Decentralized exchanges too, mentioned below.

  • Not easy to use for newbies. Mostly new users get confused while using DEX for the first time.
  • Very simple features, Decentralized exchanges don’t have advanced features like Centralized exchanges have.
  • Also, most DEX is had low volume and new coins are rarely available.

So, now you understand what is the benefits of Decentralized Exchanges have. Now check out some best DEX sites.

  1. Binance DEX: Ones of the trusted and best DEX site, launched in 2019. The current volume is 102BTC. BTC, BNB, TUSD, BUSD, and other ALTS are supported. The exchange fee is 1%.
  2. IDEX: IDEX Market is another trusted and active DEX exchange. The total volume is 37 BTC. IDEX charges 0.2% fee. Use Metamask for easy use and other wallets. Active since 2016.
  3. DDEX: It was launched in Dec 2017 with a current volume of 18 BTC. The fee is 0.1% and 0.3% which can view on the fee page. Users can also earn interest and can lend or borrow coins.
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IEO Launchpads - List and Review of IEO Platforms
Crypto ExchangeICO

IEO Launchpads – List and Review of IEO Platforms

by cryptocreed
written by cryptocreed

If you people reading this post then I am sure you know about IEO (Initial Exchange Offering). So without wasting your time let’s check out some known IEO Launchpad and their review.

IEO Meaning Crypto?

What is IEO in crypto? IEO stands for Initial Exchange Offering, it allows project owners to raise funds through cryptocurrency exchanges directly.

It reduces various costs like marketing, team, development, research, and time.

We also mentioned Scam and Bad IEO launchpads. Scroll down to check scam and bad launchpads.

Below are some Trusted IEO Launchpads. We added below launchpads under Trusted Launchpads after reviewing their finished IEOs, community, and review by users.

Trusted IEO Launchpads/Platforms

Binance: Binance exchange launched in 2017 and now it is the #1 exchange according to market cap. All projects listed on Binance are ended successfully. Hosted 11 IEO and Perlin IEO raised 53M USD. Binance IEO Launchpad is one of the successful platforms for startups.

Listing Fee: Not confirmed but it is said by many people Binance charges 200 to 700K USD.

OKEx Jumpstart: OKEx calls their launchpad “OKEx Jumpstart”. OKEx is one of the leading exchange platforms and one of the trusted exchanges too. More than 7 IEO hosted on OKEx.

Listing Fee: Some say IEO are hosted on OKEx are free but some say OKEx charges 200K USD.

Gate.IO: Launched in 2013. The only Free IEO Launchpad in the industry. More than 4 IEO is hosted and all are ended successfully.

Listing Fee: Free

Huobi Prime: Huobi launched in 2013 and currently in the top 30 exchange. Huobi completed around 4 IEO and all of them are ended successfully but the amazing thing is their one IEO price raised 250%.

Listing Fee: N/A

Kucoin SpotLight: Kucoin IEO launchpad calls Kucoin Spotlight. Kucoin launched in 2017 and it was in the top 10 once for a long time but after much new exchange comes into the market they lost their position but still Kucoin is one of the trusted exchange platforms.

Listing Fee: N/A

ProBit: Exchange launched in 2017 and currently in the top 80 exchanges. ProBit hosted more than 30 IEO and with more than 100 Rounds.

Listing Fee: 20 to 40K USD.

Coineal: Coineal is one of the best IEO launchpads. Coineal is standing #8 on CoinMarketCap.

Listing Fee: 15-25 Bitcoin

CoinBene: CoinBene Launchpad is known as CoinBene MoonBase. Currently, CoinBene ranks #3 on coinmarketcap.

Listing Fee: 175K USD

Bgogo Apollo: Bgogo rank is not good on coinmarketcap but the exchange has a good track record. This is the only exchange that has Supernode listing authority. They completed more than 2 CEOs according to their telegram group.

Listing Fee: N/A

Scam and Bad IEO LaunchPad

LaToken: LaToken is #1 on coinmarketcap. LaToken conducted ICO and raised more than 20M USD according to ICOBench. Some user says LaToken shows fake trading and their most of registered users are from “Airdrop” campaigns.

Latoken IEO Launchpad doesn’t create any value at all.

Cons: Fake data and trading volume (1). Lots of projects, at the time of writing they have 19 Active IEO and 130+ Upcoming IEOs (2). Adding IEO without checking them, most of the projects are worthless and have no future (3). The listing fee is 1-3 BTC + % of raised funds.

Idax: IDAX is #14 on coinmarketcap. The users reported that the trading volume created on Idax by bot and IEOs is not raising any funds.

Cons: Fake data and trading volume (1). Scammed CMA project (2). High listing fee around 10 BTC for the new exchange (3).

 

Note for Project Owners, Read before choosing any IEO Launchpad:

  1. Always double-check listed projects on Launchpad. Is really project conducted IEO on that launchpad or not.
  2. Always ask Projects how much they raised, how was their experience, is soft cap raised?.
  3. The exchange representative knows how to convince you. If you have a low budget and exchanges are trying to message you to host IEO on their platform then keep them waiting and do your research. Either they will reduce the listing fee or you will find something good or bad about them.
  4. Do not work with any type of “Listing c-ordinator” all of them are not bad but you don’t need to take the risk if you have a low budget and not much knowledge.
  5. Always try to get a list on big exchanges, and I personally suggest Gate.io they are free but you need to have convincing power.
  6. Don’t fall in numbers check facts first.
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