Cryptocurrency has created a buzz among investors across the globe and now there are is a plethora of e-wallets and exchanges to buy and sell them. There are a lot of crypto currencies you can invest in be it a bitcoin, Ethereum, Ripple or Litecoin. Due to Indian rules and regulations, most of the people are not able to trade on e-wallets available online. Ripple is currently at the lowest point and many people in India want to buy ripple. The aim of this post is to list all the digital money platforms in India that allow you to invest and trade in ripple, litecoin and other digital currencies.
1. IQoption
Known for stock and Forex trading, IQoption offers its users to trade in various crypto currencies apart from trading in various financial products. On your smartphones, you can download the app on iOS and Android. Additionally, it also offers desktop trading apps for Windows, Mac and Ubuntu operating systems. It has one of the simple interfaces of all the digital e-wallets to date. Said that you can directly buy ripple or Litecoin with your Visa, maestro or MasterCard. It also allows you to use other money wallets that include Webmoney, Skrill, and Neteller. IQoption is regulated by Cyprus Securities and Exchange Commission (CySEC). Verification of your profile is also hassle-free which is done by receiving an OTP on a mobile phone.
2. Koinex
This is a digital exchange that is developed by three young Indians who have a passion for cryptocurrencies. Koinex was launched in 2009 and offers you to invest and trade in Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin cash. The seller and buyer fees are competitive in the market and keep on lowering as the volume of trade increases. Koinex accepts payment only through net-banking. In case of any issues, you can raise a ticket between 10 AM to 8 PM on any day. It also offers referral program through which you can create a unique refereal ID and share with your friends. If somebody joins Koinex via your referral link, you will get INR 100 cash and your friend will get INR 50 cash.
3. BuyUcoin
It provides a wallet and a trading platform to buy and sell various cryptocurrencies in India with indian currency. On BuyUcoin, you can trade thirty different digital currencies Ripple, Bitcoin, Litecoin, Ethereum and much more. Depositing money in BuyUcoin is a bit complex process where you need to first add your bank as beneficiary and then provide them RRN or UTR number after depositing money through NEFT, IMPS or RTGS. This platform offers a transaction-fee free trading platform and for any queries, you can raise a ticket with them.
4. HitBTC
This is a European crypto exchange developed in 2014. Currently, it allows you to trade in 90 different currencies. Trading incurs fees of 0.1%. Registration is easy but there are a number of verification steps before you start trading on HitBTC. In India, you can trade Ripple, Litecoin, Bitcoin and other crypto currencies. As per wikipedia, HitBTC was trading a daily volume of five hundred million USD in December 2017. The exchange portal provides a 2-factor authentication and deploys advanced security encryption for better security.
5. CoinDelta
This an Indian exchange to trade digital assets. It lets you buy Ripple, Litecoin, Ethereum, Bitcoin, Qtum, OmiseGo, BitcoinCash, CoinDelta accepts money through NEFT, IMPS, RTGS and other Payment Gateways. For any queries or issues, you can chat with their customer support department 24×7. This Indian trading platform ensures lowest transaction fees and faster trading engine for high performance. Apart from the simple user interface, the portal provides informative tutorials on using this cryptocurrency platform in an optimized way.
6. PocketBits
PocketBits offer a wallet and trading platform for digital currencies in India. You can buy and sell Ripple, Bitcoin, Ethereum, Lirecoin, Monero, Zcash and other cryptocurrencies in Indian rupees. The platform interface is simple and easy to use and is designed for beginners, professional traders, and institutes. PocketBits ensure a safe and a secure architecture to keep your digital currency in their wallet. Once your credentials are verified, this platform provides one of the fastest money transfer your bank accounts. PocketBoits promises the withdrawal not in days or hours but in minutes. With multiple payment options, stable platform and 24×7 support, PocketBits is one crypto exchanfge to look forward.
7. eToro
This is a reliable crypto trading platform that is available in 11 different languages. Before you start trading with real money, eToro provides you a demo account with $100,000 as a balance to test your strategies. Apart from investing and trading in cryptocurrencies, eToro provides a platform to trade on indices, ETFs, and commodities. eToro offers a platform for all the devices including desktop, iOS, and Android devices. Alongwith eToro which is a portfolio management platform, it also provides a social platform in the name of openbook which lets you connect with other investors. You can buy Ripple and other cryptocurrencies by using various payment gateways that include Visa, Mastercard, Paypal, Skrill, Neteller, Webmoney, and Yandex.
Buy Ripple and other Cryptocurrencies in India
Recently Ripple (XRP) showed surge and is one of the largest and popular cryptocurrencies across the globe. As per the experts, Ripple is going to boost this year and it’s a good option to invest money in XRP. In India, it is really hard to find a reliable crypto platform to invest and trade these digital currencies. All the seven wallets shortlisted above accept money-deposits from India.
Hello,Subhash D this is a really good article for buying ripple,i prefere binance when i want to buy ripple from BTC,otherwise whenever i buy ripple from sragy.com as they have INR/XRP market,where you can buy ripple with indian rupee.
There is also a new exchange bitbawa.com offering ripple and other crypto currencies. Definitely worth a try.