Citing the Ethereum (ETH) price changes over the past two years from Feb 2019 to January 2021 (almost 10X), anyone would be interested to invest in this cryptocurrency. By the time of writing this post, Ethereum was being traded at $1398.65.
Image Source: Statista
Ethereum (ETH) is the native cryptocurrency of the platform. It is the second-largest cryptocurrency by market capitalization, after Bitcoin. However, considering its lower price than Bitcoin (USD36,609.40), it’s a wise call to invest in Ethereum. You can buy more assets at a lower investment, and earn a high dividend.
Looking for the best exchanges to buy and sell Ethereum in India, here is a comprehensive list based on market capitalization, liquidity. volume, fees, ease-of-use as well as the confidence regarding the legitimacy of the exchange.
Image Source: PCEX Member
PCEX Member, one of the cryptocurrency exchange in India, that allows you to trade ETH on spot as well as futures markets, and there are many good reasons that contribute to your ease and earning potential. It’s one of the crypto exchanges in India that allows you to invest in INR fiat currency. The transaction fee is a flat 0.3%. You do not have to pay any withdrawal fee up to INR50,000 through its standard process. If you want immediate withdrawal then also you pay a nominal INR10 as fee. When talking about futures contracts, the lot sizes are small, which means you do not have to wait for long to get it filled up. It’s spot trading volume stood at INR8,58,7634,811.31 at the time of writing this post (January 21, 2021).
Binance
Buy and sell Ethereum (ETH) on Binance, a Malta-based crypto trading exchange. Its spot market capitalization was noted as $15,642,710,668. After PCEX Member, this is the second to offer the facility to buy ETH in INR. The maker or buyer fee is 0.01% and taker fee is 0.04%.
Bittrex Global
Bittrex Global is based in Liechtenstein and Bermuda. The company that was incorporated on 19th May 2020 positions itself as a trusted cryptocurrency exchange with high-end security. Bittrex Global (Liechtenstein) has to comply with the KYC/AML/CFT standards under the Due Diligence Act. It is monitored by the Financial Market Authority (FMA). Its spot market capitalization stands at $163,565,198. The trading platform levies taker fee in the range 0.2 to 0.08% and maker fee in the range 0.2% to 0.0%.
Coinmama
Established in 2013, Coinmama is based out in Israel. It offers a fast, safe and fun way to buy and sell Ethereum in India. Credit/debit card or bank transfer payment is accepted. The verification process is simple. Enter and confirm your personal details and then upload some form of ID. However, the transaction fees for purchasing coins with fiat money are high. Coinmama's market rate is based on the XBX + 2%. In addition, there is a commission fee of up to 3.90% on buy transactions and up to 0.9% on sell transactions. If you are making payment through credit/debit card transactions, be ready to pay a 5% momentum fee also.
Crypto.com
Crypto.com, a leading platform headquartered in Cayman Islands, allows you to buy Ethereum in India. You can buy crypto with a fiat wallet or with credit or debit card. Its spot market trading volume stands at $175,932,236. The platform was founded in November 2019. Its rewards depositors with a 2% bonus paid in CRO for any crypto deposits (on-chain). However, there are certain terms and conditions of eligibility.
Gemini
Founded in June 2014, Gemini Trust Company, LLC is a digital currency exchange and custodian based in New York and it’s regulated by the New York State Department of Financial Services (NYDFS). Gemini allows you to trade in Ethereum (ETH). Spot and Futures both trading options are available to you. INR fiat is currently not accepted, but you can buy in USD. It also supports AUD, CAD, and HKD. Its spot markets trading volume stands at $241,291,609.
Kraken
You can look forward to Kraken to buy and sell Ethereum. Kraken is a San Francisco-based cryptocurrency exchange with current sport market capitalization equivalent to $1,634,463,342. It has spot and futures markets. The exchange doesn’t accept INR as fiat but you can use your debit/credit card to make payment in USD. There is no transaction fee for purchase using Kraken account balance but for card payment, you have to pay 3.75% + €0.25 additionally as fee.
Note: Market capitalization or trading volume information was as found on January 21, 2021.
Hope you found the information useful. Comment your thoughts and experiences!