Txbit, a cryptocurrency exchange in the Netherlands, will formally close its doors on September 14th, 2023. Due to extreme market turbulence and regulatory concerns affecting the cryptocurrency industry, Txbit chose to shut down operations. Its activities have become unsustainable due to financial restrictions and diminishing profit margins.
5 Alternatives to Txbit:
WazirX:
WazirX is a Mumbai-based cryptocurrency exchange that has quickly grown to be one of India’s most well-known and widely used platforms.
Since its launch in 2018, WazirX has grown to boast more than 2 million enrolled customers and established a solid base for itself as a major participant in the Indian cryptocurrency industry. Additionally, the stage keeps 95% of its funds in cold storage, adding another level of security for the money.
ZebPay:
ZebPay, which was founded in 2014, is among the most established and trustworthy cryptocurrency exchanges in India. Sandeep Goenka, Mahin Gupta, and Saurabh Agrawal created it.
With more than 5 million members and more than $10 billion in fiat transactions, it is one of the most well-known cryptocurrency exchanges in India.More than 80 coins are supported by ZebPay.Proof of Reserves has not been offered by the exchange.
KoinBX:
KoinBX is a leading cryptocurrency exchange platform where you can buy, sell, and trade various digital assets. It provides a secure and user-friendly interface for cryptocurrency transactions. KoinBX values security, transparency, and customer satisfaction, ensuring that the process of trading cryptocurrencies is straightforward and hassle-free.
With KoinBX, you can trade over 140 cryptocurrencies, such as Bitcoin, Ethereum, Ripple, Litecoin, and more. The platform caters to both novice and experienced traders by offering an intuitive design, a well-organized crypto trading environment, and a user-friendly experience.
The KoinBX cryptocurrency exchange app for Android is speedy and provides features like rapid KYC, instantaneous INR deposit and withdrawal options, 24/7 live open order books, high liquidity, low trading costs, and a referral program.
“Get FREE 25K SHIB and trade with low transaction fees exclusively for Txbit users! ”
Coin switch:
With over 18 million users and a daily trading volume of more than $5 billion, CoinSwitch is now the largest cryptocurrency platform in India and is backed by some of the most influential financial supporters worldwide. It combines several crypto exchanges to give financial backers the finest conversion standard. Every advanced coin on CoinSwitch is guaranteed to have the highest crypto prices, and the platform offers a variety of rewards for dealers that use it.
KuCoin:
One of the most popular cryptocurrency exchanges in India is Kucoin, which is quickly becoming a favorite among Indian traders and financial backers. Its extensive feature set and user-friendly interface provide a safe and practical way to purchase Bitcoin and other digital resources.
One of the main benefits of Kucoin is that it is a totally secure platform for purchasing Bitcoin. It provides customers with a quick and easy way to exchange digital assets, making it a great choice for both new and seasoned businesses.
