When the Supreme Court ruled out the decision in favor of cryptocurrency and sooner we saw the huge boom and everyone want to try luck in the cryptocurrency market. This boom paved the way for several crypto trading exchanges to cater to the Indian Audience. But this does not give the opportunity for international platforms to flourish many domestic platforms have also made their presence as well.
In order to assist you with the best crypto platforms, here are Top 7 Indian platforms that you can choose to invest in the crypto market. But in this blog, we are going to tell you the amount required to develop a crypto app. So make sure you read it till the last.
CoinDCX provides the top liquidity in India and gives you an option to trade over 200+ coins. You can easily sign up to the platform in a few seconds. All you require is your mobile phone and email id. In terms of security, CoinDCX is the Google Authenticator app. What does it mean? You need to allow a device for investing only after verifying it. The app also enables you to unlock from your fingerprint or pin.
It is an Indian crypto exchange platform that makes things quite simple and attractive for users. The app offers a fixed income plan that assures your returns on investments in cryptocurrencies. The platform has its own hardware wallet that you can get from the official website. It is the safest platform for cryptocurrency exchange; you can simply buy and store all your funds.
It is the oldest domestic cryptocurrency exchange platform crafted back in 2013 and caters to the citizens of the Indian Subcontinent. It was created way before the Supreme Court ordered in favor of this digital currency and was highly criticized by the Reserve bank of India (RBI) and other financial institutions as well. Currently, the platform charges 0.7 percent on every transaction which is conducted on the same. But after a period of 60 days, a significant amount is deducted from the user’s account, and when the user upgrades to golden membership in which fee gets reduced to 0.5 percent. Unicorn stores all the cryptocurrencies in multiple addresses which are connected to offline storage on a computer that is not connected to the internet. To make it more convenient for the users, the platform has also created a mobile app as well.
Zebpay is another major cryptocurrency exchange platform in India. This was introduced in 2015 but soon after the ban from RBI, they stopped operations until permission was given by the Supreme Court. Zebpay has a huge clientele and has used more than three million users till now. The platform adheres to safety measures and also implements firewalls and has its own security protocols named Omnitrixx.
2. Wazir X
It is considered an underdog champion in the field of cryptocurrency exchange platforms. This was created back in 2017 and soon it gained huge buzz among the investors and users. Not only that it conducts regular security audits to ensure that platform is safe and secure for the platforms. The fee structure is minimum between 0.1 percent to 0.2 percent.
The platform quickly become an industry leader in the field of domestic exchange markets and soon amassed a huge community of investors and Crypto enthusiasts. The platform was one of the first crypto exchanges that introduced the peer-to-peer transactions model cryptocurrencies to choose and trade with. BuyUCoin charges a percentage fee for their OTC desk while the transaction fees vary according to the cryptocurrency which is being traded.
Now since you have the best five apps for cryptocurrency exchange. Let’s talk about its cost.
What are the factors behind the Cryptocurrency App Cost?
How much to calculate the exact cost? Well, that’s a very important question during the budget allocation. So, here we reveal some key factors that affect the cost of the Cryptocurrency App.
The features integration to the Cryptocurrency app directs affects the costing. Features like sign-in/sign-out are must ones to be included in the app. However, to make your digital product richer, it is beneficial that the app has all the advanced features. This will help you to grow your engagement and reach.
2. The Business Model
The business model determines the advanced features to be included in the app. You can choose between a matching model or the non-matching one, it all depends on how you want your app to work.
3. User Interface
Do you want a massive customer base for your app? Obviously, but for that this important aspect that you should keep in mind while crafting your mobile app. Omitting all the complexities and integrating more self-explanatory things into your interface is more engaging and understandable for your audience.
4. Location of Developers
Last certainly not least, you need to consider the location of the developers. Building a crypto app requires a high budget. However, if you approach developers from India you can expect slightly low development costs.
Cryptocurrency apps have significant cost variations. They have different features, integrations, and aesthetics, etc. To take your solutions to the next level you can invest in blockchain making the transactions safe and transparent for your users. Depending on all your requirements, your cryptocurrency exchange platform will fall between $15,000 to $60,000.
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