If you are planning to buy and sell cryptocurrencies and grow your investment portfolio, the selection of cryptocurrency exchange in India holds significance. Almost all major crypto-broker exchanges accept fiat money (EUR, INR, USD, etc.).
If you are new to crypto futures,Guest Posting here is a quick overview.
Crypto Futures is a trading option, where you can earn an unlimited income by placing just a token money (a fraction of the total asset based on its future price) with the crypto exchange. You speculate the market sentiment at the time of expiry of the futures contract and confirm to the agreement.
To explain it further, “ Suppose A got into a contract with PCEX Member for Bitcoin Futures. He has to select the lot size available on offer. For example, a lot size of 5 BTC is available at an 8% margin. He will buy the Futures Contract and pay 8% of the value of 5 BTC by speculating that by a specific timeline, the prices of BTC will be high. So, if on the expiration day of the contract, the speculations are not right, A tends to lose and someone else who had a negative sentiment about the market wins. The exchange charges a trading fee for streamlining the transaction or encashing on the expiration date.
So, if it comes to the top 10 exchanges to trade crypto futures in India. The rating is based on Web Traffic; Average Liquidity; Volume, Fees, Ease-Of-Use as well as the Confidence that the volume reported by an exchange is legitimate.
PCEX Member is India’s most user-friendly, comprehensive, and secure trading platform. It handles a transaction volume of USD 2.5 billion every 24 hour. High liquidity, smaller lot size, and lower transaction fees have made it a heaven for inventors – big and small. The wills and trust exchange allows trading in all popular crypto asset’s contracts, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum (ETC) and Litecoin (LTC). PCEX supports an array of fiat currencies including INR you can buy btc to inr instantly.
Traditional futures trading options
Multiple lot sizes
Lowest Margin rates
Competitive futures products
Transaction Fee: A flat transaction fee of 0.3% for Futures Trading applicable
As of January 2020, Binance is the largest cryptocurrency exchange in the world in terms of the trading volume. Its 24-hour crypto futures trading volume stands around USD38.9 billion. The exchange platform allows trading in around 322 cryptocurrencies, including Bitcoin, Ethereum, and Cardano. It has recently started accepting fiat currencies at the beginning of 2021, and supports 45 fiat currencies including INR.