Referral Drives
The first thing you need to do before choosing a crypto exchange is to check its fee structure. However, your earnings are likely to be less, If the exchange you’re going to use charges a high figure. The stylish crypto exchanges charge a nominal trading figure, which may vary depending on the volume you trade. The exchange you choose should have a fair figure structure so that you don’t end up losing plutocrats unnecessarily. Another thing to look out for while choosing an exchange is the number of cryptocurrencies it offers. It’s important to note that not all exchanges let you trade all types of virtual currencies. Some may offer a limited number of coins, while others may let you trade anything under the sun. The ideal exchange for an Indian crypto dealer should let them trade in all the major virtual currencies, including Bitcoin, Ethereum, and Ripple. You should also check out the liquidity of the exchange. Liquidity refers to the volume of trading that’s taking place at any given time. It’s stylish to trade on an exchange that has a high volume of trading, as you’ll get the stylish price when you buy or vend your chosen cryptocurrencies there.
While selecting the best crypto exchanges in India, it’s important to look out for referral drives. Almost all the top exchanges offer referral drivese to attract new users. You can either use the referral link of an existing user or sign up for a new account to avail a referral reward. You will get a certain amount of money, which will be credited to your account as soon as the new user completes their first trade within a stipulated time period. For example, if you sign up to trade on okx, and a new user signs up using your referral link, you will gain 10% of their trading amount as commission. Similarly, if you use the referral link of an existing trader, you will get 10% of their trading amount as commission.
The crypto markets are undergoing a lot of fluctuations at the moment. The bear market has definitely taken its toll on most cryptocurrencies, especially the prices of most altcoins. However, if you’re looking to trade some of the top coins, there are plenty of excellent options available. The Indian cryptocurrency exchange market is quite underdeveloped at this point in time. There are not many exchanges available for users to trade tokens or other digital assets with INR.
