Before Ethereum, blockchain apps were designed for a very limited set of operations. Bitcoin and Alts, for example, were developed to operate as peer-to-peer digital money. Ethereum allows developers to make and deploy decentralized applications called Dapp. A Dapp serve some specific purpose to its users. For example, Bitcoin is also a Dapp that enable users with a peer to peer electronic cash system for payments. though the value of ETH has been increased greatly in 2017 still it is one of the undervalued crypto assets.
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Ethereum wallet: A wallet is necessary for an Ethereum user to hold Ethereum in a safe and secure manner. Ethereum wallets also facilitate Ethereum transfer (send or receive Ethereum) and are also helpful for Ethereum storage and access.
Did you hear about Raiden Network? It is a project in development which can also make ETH fly. In view of some experts, Ethereum is expected to beat Bitcoin in the following years since a lot of attention is being gained on Ethereum projects in India. Let’s discuss the best exchange to buy Ethereum in India:
Best Exchange to Buy Ethereum (ETH) In India
Ethexindia is an online platform that allows Ethereum trading or Ethereum exchange. It was the first marketplace launched in India for the purpose of buying or selling Ethereum tokens such as ‘Ether’ or ‘ETH’. It offers a real-time trading experience with the usage of an effective wallet system based on ETH. Here the fiat deposits made by the Indian users (in Indian Rupees) are kept safely in separate bank accounts along with the effective management of wallets.
The users can use the services provided by this exclusive platform by registering at EthexIndia Website
Once a user gets access by creating an account in Ethexindia, he can freely make use of the trading system and the secure wallet offered by the site.
Unique features of Ethexindia:
- It offers an easily usable interface and INR / Eth order book for selling or buying (trading) Ether.
- It executes smart contracts, thereby providing security and reliability.
- It does not allow fraudulence, censorship or the interference of third parties.
- It provides safety for the user wallets and the withdrawal is also easy.
- It facilitates 24*7 Support to all its users.
CoinDelta is a new exchange that offers to trade in multi-cryptocurrency along with ETH. It is the first Indian crypto exchange that provides multiple markets such as ETH-INR, BTC-INR, and LTC-BTC etc.
Similar to other Indian crypto exchanges they have strict KYC norms and you need to link bank account before starting trade on CoinDelta. You can deposit INR in wallet via transfer (IMPS/ NEFT/RTGS). Coindelta charges a fee of Rs.20 for transfer per transaction. Coindetla supports Bitcoin, Ripple, Ethereum, Litecoin, Omisego, Qtum, and Bitcoin Cash. Visit CoinDelta Website
Koinex is among the fastest growing crypto exchange in this list of Indian exchanges. Koinex is aimed at spreading the magic of blockchain to India. Users can deposit through IMPS/NEFT/RGTS to the unique account number, IMPS takes hardly 5 to 20 minutes, automatically reflect deposit in your Koinex INR wallet while NEFT/RTGS may take 3 to 4 working hours.
Koinex enables trading in following cryptocurrencies:
- BCH (Bitcoin cash)
It works on Takers and Makers model. Where you have to pay a small fee to buy or sell Ethereum.
BuyUcoin is another crypto exchange in India. With over 1,50,000+ customers, it provides an easy platform to buy, sell, trade, store, and accept crypto assets including Bitcoin, Ethereum, Ethereum classic, LisK, Civic, Litecoin, Bitcoin Cash and many more. Sign up for BuyUCoin.
KoinOK is a crypto exchange launched a few days ago. It is a crypto coin trading platform which enables users to buy and sell popular digital assets (crypto coins) in an open order book. KoinOK trying to offer a one-stop solution for trading crypto assets in India in a fast, easy and secure way. They are currently in Beta stage and supported coins are Repple and Ethereum. Interview with KoinOk’s Founder
Hope this article will be helpful for our readers to findout Best Exchange to buy Ethereum (ETH) in India. Feel free to share your experience and feedback with us in the comment section below.