We all are witnessing the surge of cryptocurrency trading in India. Seemingly, it is also the coherent reality that the world is now adopting digital assets as their new medium of exchange. What does it sound like? Will the fiat currency be eliminated soon from society? Many curiosities pop in the mind, to which everyone amasses the same essence, i.e., the new medium of exchange is our future reality.
Also Read: Why Bitcoin is So Valuable?
Flitpay's Trail of Innovations as a Cryptocurrency Exchange in India
There is a common theme that every cryptocurrency exchange in India follows. But the distinction that we come across is based on their vision. For instance, when Flitpay began its operations they were en route to follow the common theme, i.e., that buy, sell, and hold cryptocurrencies. But when a survey was conducted to know the hardships people face while trading give them thought to be available for the people of India. Since then, Flitpay started to be ahead of the curve.
During days when cryptocurrency appeared to be a threat to the Indian population, Flitpay was on a mission to teach and let people have access to cryptocurrency. During its early days, Flitpay was the only cryptocurrency exchange in India to come up with a concept of a practice platform and let cryptocurrency enthusiasts learn about volatile trends.
Later, people raised many tickets to make a connection with us. During the discussion, people are under stress to queue their money for clearance and sometimes they miss the opportunity to make an entry and exit in/from the trend. We as a cryptocurrency trading platform in India started to work closely with the banks and norms of the Government of India to ensure their investment security and instant deposit and withdrawal. Sooner, we came up with UPI transactions and all the registered users were eligible to access the feature.
Also, in the mid of 2021, Flitpay opened the doors for people early waiting for over the counter. We launched it by the name Quick Buy and Sell. Seeing cryptocurrency as in the early adoption stage, putting a bar of investment of X amount or more is accepted was not mirroring the vision we had made. So, we decided to let people sell and buy a Satoshi or even more as per their convenience.
Also Read: Are Cryptocurrency Profits Taxed in India? Here is All You Need to Know
How to Choose the Best Cryptocurrency Trading Platform in India
When you start the search for choosing the best cryptocurrency exchange in India there are multiple facets that you must consider before finalizing the one.
Security
To determine what security they provide, you can connect with the tech support and ask for all the security measures they use to secure your investment. There are other ways too by which you can easily determine whether the security they provide is capable of handling unauthorized access or not. If you have some in connection who use the same cryptocurrency exchange in India in which you are planning to register. First, get a detailed description of its navigation, performance, seamless integration and the security levels they provide.
Volume
There are different meanings that come forth when we talk in terms of volume. But in cryptocurrency, volume is the transactions recorded in the order book. The higher the bar of volume goes, the more the exchange is authentic.
Exchange and Transfer Fee
These two terms Exchange and Transfer play a crucial role while placing the order. First, let us understand both the terms.
Exchange Fee: It is a fee charged by a cryptocurrency trading platform once the placed order executes. Flitpay has the minimum exchange fee, i.e., 0.2 percent per order. For instance, if you purchased Bitcoin of 1000 INR, the exchange fee that Flitpay will charge is 2 INR per executed order.
Transfer Fee: It is a fee that is charged by a network for which the miner sits and mines each coin. Although, different coins have different network fees, i.e., the transfer fee for Bitcoin will be much higher when compared to Shib coin.
Practice Account
It is very obvious to know that the cryptocurrency market is highly volatile and investing a portion of your income without understanding the nature of curves can be proven bearish. To be on the safe side, you must choose a platform that offers you the service of a practice platform with some credits that cannot be withdrawn. The more you practice, the more trading abilities will start to shine within you and later, you will be able to use that as an advantage.
Also Read: A Step-by-Step Guide on How You can Quickly Mine Bitcoin in India
How to Setup Your Flitpay's Account
To set up your Flitpay's account you can follow the steps given below. Or you can refer to the link on how to set up your account.
Step 1: Go to www.flitpay.com
Step 2: Click Signup on the upper right corner
Step 3: Enter the details required, such as Email and Password, and click Sign Up.
Step 4: Once you Sign Up, follow the navigation and fill in the required details asked by us.
Step 5: Once the Signup is complete, fill in the details in your profile and bank details to use UPI transactions.
In case of queries, you can connect with the technical department by raising a ticket, or connecting on WhatsApp or Telegram.
Cryptocurrency trading platforms in India are gradually evolving. Each platform has its unique way to approach the pre-defined outcome. Choosing the best cryptocurrency exchange in India after seeing many startups are evolving with unique ideas is hard. Therefore, you can consider the points mentioned above to make the best possible decision.
