Top 10 Indian crypto Startups in 2021: CoinDCX, CoinSwitch Kuber, BuyUcoin, and More!

Top 10 Indian crypto Startups in 2021: CoinDCX, CoinSwitch Kuber, BuyUcoin, and More!

TOP 10 Crypto Startups in India
TOP 10 Crypto Startups in India

In the past few months, global crypto adoption has witnessed a significant boom. The craze for digital assets is no different in India, with scores of investors putting their money in cryptocurrencies. For instance, India ranked second on the Global Crypto Adoption Index, published by market research firm Chainalysis

Did you Know?India’s Crypto grew 641% over the past yearaccording to the Chainalysis Report! Facilitating the ecosystem in the country are a few Indian crypto Startups, most of which act as cryptocurrency trading exchanges

In total, there are over 350 blockchain Startups in India, of which only a handful offer services related to cryptocurrencies. With the popularity of digital coins such as Bitcoin, Ethereum, and Dogecoin, among others, rising across the country, the number of providing bitcoins and altcoins trading services is all set to increase manifold. 

However, finding a trustable and reliable platform for your investment still remains a tough nut to crack. Even if you find a trustworthy Indian crypto Startup to manage your assets, factors such as ease of use and user interface come into play while making the right decision. Lastly, what makes these platforms user-friendly is their security feature where many platforms are introducing safety measures like Multi-signature Wallets, Multi-factor authentication for key employees, and Two-factor authentication for other users’ groups.

To make your search easier, we have curated a list of the top 10 Indian crypto Startups that can make your cryptocurrency investment ride smoother than ever before. 

Top 10 Indian Crypto Startups

1. CoinDCX

One of the most popular Indian crypto Startups in India is CoinDCX. The Startup claims to be offering its services to more than 3.5 million investors, making it one of the widely used crypto exchanges in the country. 

Founded in 2018 by long-time college friends Sumit Gupta and Neeraj Khandelwal, CoinDCX currently allows investors to trade in more than 200 cryptocurrencies on its trading exchange. Investors on the platform also get free deposits and withdrawal facilities, which makes CoinDCX a preferred choice for beginners to kickstart their crypto investment journey.

The Mumbai-based firm was also the first Indian cryptocurrency exchange to achieve unicorn (a company valued over $1 billion) status in August 2021. Lastly, CoinDCX will be building next generation products with cutting edge innovation, by improving its existing product array while strengthening its product team.

2. CoinSwitch Kuber

CoinSwitch Kuber, a four-year-old Indian Startup, is home to 10 million crypto investors making a fortune in cryptocurrency trading. The platform’s popularity recently shot up, thanks to its marketing blitz during the Indian Premier League (IPL). 

On the exchange, first-time investors can start investing in cryptocurrency by adding just Rs 100. Of course, the more, the merrier. CoinSwitch Kuber is the second Indian startup to have achieved the prestigious unicorn tag and is currently the most valued Indian crypto platform. The platform has seen its user base grow 350% since January; as per CoinSwitch Kuber!

Founded by Ashish Singhal along with Govind Soni and Vimal Sagar, the exchange kickstarted its Indian operations in June 2020. Since then, the platform has come a long way, and it now aims to increase its user base to 50 million.  

3. BuyUcoin

BuyUcoin is one of the most reliable and Advanced Digital Currency Exchange platforms offering super-fast Secure and Real-time wallet services, and many more allow investors to transact with digital assets like Bitcoin, Ethereum, and Ripple, among others. Exchange recently shot to fame by launching the Bitcoin Systematic Investment Plan (SIP). 

Founded in July of 2016 by Shivam Thakral, Atulya Bhatt, and Devesh Aggarwal, BuyUcoin ticks all the boxes to make crypto investment simpler and fun for more than 350,000 customers. What individuates this exchange is that it is trusted by more than 1M+ Crypto Traders and Holders investing in 130+ Crypto Pairs like BTC-INR, ETH-INR, DOGE-INR, YFI-INR, and etc.  

The startup also lets investors understand cryptocurrency and trade in the digital assets in regional languages — the feature fits the bill with its mission of bringing cryptocurrencies in a million Indian pockets. 

The exchange has mainly marked its pin of success as they offer a one-of-a-kind user interface that is extremely easy to grasp and in just 4 simple steps: Register, KYC, Deposit, and Buy/Sell; and Viola! Now, you are one happy client of BuyUcoin!

4. Zebpay 

Founded in 2014 by Sandeep Goenka, Saurabh Agrawal, Mahin Gupta, Zebpay had a humble beginning way back in 2014. The platform currently offers its cryptocurrency trading services to more than 2 million customers. 

Overall, Zebpay has recorded more than $10 billion in fiat transactions. The Bitcoin and other Altcoin’s trading platforms were relaunched in India in March 2020. Currently, the startup is headquartered in Singapore and operates internationally. 

5. WazirX

Offering services to more than 6.5 million registered investors, WazirX is one of the well- renowned crypto exchanges. The startup offers trading services on almost all platforms, including Android, iOS, Web, Mac, and Windows

WazirX, one of the oldest names in India’s nascent crypto industry, was acquired by Binance Holdings, one of the largest cryptocurrency exchanges in the world, in November 2019. 

In a unique feat, WazirX claims to have processed crypto transactions worth $6.2 billion in June 2021. The startup was founded by Nischal Shetty along with co-founders Sameer Mhatre and Siddharth Menon in 2018. 

6. Unocoin

Founded way back in 2013, Unocin is often considered one of the oldest Indian crypto startups. That surely augurs well for the company, especially when it comes to being a trustworthy crypto exchange. 

Currently, the platform serves more than 1.5 million registered customers that can do much more than just trading on the platform. For instance, Unocoin offers customers to recharge their mobile and DTH accounts via Bitcoin on the platform.  

Founded in July 2013 by Sathvik Vishwanath, Sunny Ray, Harish B V, and Abhinand Kaseti, the platform also offers a counter (OTC) trade facility, allowing users to trade in bulk.

7. Bitbns

Founded in 2017 by IIT graduates: Gaurav Dahake and Prashant Singh, Bitbns offers multiple crypto products under one hood.

In one of its recent marketing campaigns, the Indian crypto startup claims that investors can earn four-time more interest from their Bitcoin-powered SIP plans as compared to fixed deposits offered by banks. 

8. Giottus

Founded by two IIM Calcutta Alumni – Vikram Subburaj and Arjun Vijay, Giottus offers a reliable crypto trading platform using which investors can buy or sell Bitcoin, Ethereum, Cardano, Polygon, Tron, and USDT, among other digital coins. 

Giottus provides an easy-to-use dashboard that can guide beginners on how to crypto trading. For professionals, the user-friendly, high-speed trade engine offers a simple and fast dashboard to meet all their needs. 

Giottus claims that the cold wallets offered by the Indian crypto startup are secured against cyber thefts, which makes it a reliable trading platform. Opening an account on the platform is also very simple, as the KYC process just takes 10 minutes. 

9. Bitcoin India 

Bitcoin India is a lesser-known Indian crypto Startup that offers mining pool services to its customers. For those uninitiated, a mining pool is a collective of cryptocurrency miners combining their computational resources to improve the chances of either finding a block or crypto mining.  

The startup claims to be offering its customers’ smart bitcoins’, in addition to their share of the pool’s bitcoin rewards. For mining purposes, Bitcoin India has also enabled AsicBoost support that is said to be working pretty well for its customers. 

10. BITSZ

Founded by Naveen Kumar in October 2021, BITSZ can be seen as a new kid on the block of top 10 Indian crypto Startups. The Hyderabad-based Startup that is positioning itself as a Made-In-India crypto exchange platform offers a 24×7 multilingual live chat service to its customers. 

BITSZ claims to be offering 100 percent insurance on users’ wallets to bring in the reliability factor to the platform in its early days of inception. Thousands of investors have already started trading on the platform, while the platform’s trading volume has crossed 1 million. 

Wrapping Up!

With so many options available, selecting the right crypto trading platform is indeed a tough choice to make. Investors should completely understand all the risks involved before flagging off their crypto investment expedition because, at the end of the day, it’s your hard-earned money that you’re putting at risk. 

This is why it’s probably better to choose an Indian crypto Startup that prioritizes safety and reliability over other factors. Happy investing!

References

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