Best Crypto Exchange India

As crypto trading continues to grow in India, it becomes more difficult to find a cryptocurrency exchange that could cater to the needs of Indian users.

Hence, in order to help you, we have jotted down a list of 8 best crypto exchanges in India. In this article, we will thoroughly discuss their features, security, and fees so that you can make an informed decision.   

Best Crypto Exchange India 

Best Crypto Exchange in India

When it comes to the best crypto exchanges, Binance always tops the list. It is the world’s largest and most popular cryptocurrency exchange. It is globally recognized for its extensive set of offerings. Similarly, it has also made a significant impact in the Indian crypto market with its localized features that are specifically designed to make crypto trading easily accessible to the Indian masses. 

It supports more than 400 cryptocurrencies and offers a massive selection of trading pairs. Moreover, Indian users make up a significant portion of the 6.2 million Binance user base. 

Apart from this, Binance offers a wide range of services including spot trading, margin trading, and futures trading with the most reasonable trading. Furthermore, it supports up to 125x leverage depending upon the trading pair.   

Moreover, Binance provides ample opportunities for its users to earn rewards. For instance, you can earn a considerable reward with Binance referral ID and Binance affiliate programs. 

Key Features 

• Support for INR: Binance offers support for INR transactions. This makes buying and selling crypto on Binance easily accessible for Indian users. Plus, it also offers several trading pairs that include INR. It enables Indian users to conduct direct trade with their Indian currency. 
• Binance Earn: Allows users to earn passive income on their crypto holdings through staking, saving, and liquidity farming. 
• Binance Coin: Binance Coin (BNB) is the native token of the Binance exchange. Indian users can avail substantial discounts on trading fees and other benefits by holding these tokens in their Binance account. 

Pros 

• Extensive range of educational resources 
• Massive selection of supported cryptocurrencies.
• INR transaction support via multiple payment options.  
• Advance trading features

Cons

• India’s inconsistent regulatory framework could limit the use of Binance.

Best Crypto Exchange in India With Low Fees

CoinDCX is considered the most popular and trusted exchange for cryptocurrency in India. It was established in 2018 by Sumit Gupta and Neeraj Khandelwal. CoinDCX faced lots of challenges in its initial years because of the banking ban imposed by the Reserve Bank of India on crypto transactions. 

However, this banking ban was lifted in 2020, and from that point onwards this Indian crypto exchange started growing rapidly. It raised $90 million in a funding round and became India’s first cryptocurrency unicorn within the span of a single year. 

Similarly, the CoinDCX user base has also expanded significantly, and now it is over 3.5 million. The idea behind creating this exchange was to make cryptocurrency easily accessible in India. It enabled Indian users to easily access a wide range of cryptocurrencies as well as advanced trading and investing features in one place. 

Moreover, It also features an educational platform named DCX Learn which offers courses that help its users learn about the latest cryptocurrency and blockchain technology.

The best thing about this platform is that you can start your crypto trading journey with an investment as low as INR 100. Moreover, its localized features and compliance with India’s regulatory measures make it the best option for Indian users. 

CoinDCX supports INR to crypto transactions through local bank transfers. Therefore, it is more feasible for Indian users because sometimes global exchanges lack support for Indian currencies. 

Key Features 

• Trading Features: CoinDCX offers margin and futures trading options with relatively low leverage of up to 6x for margin trading and 15x for futures trading. Moreover, it also provides API access and advanced charting tools for market analysis. 
• Investment Features: Users can also earn passive income through staking or lending their crypto holdings.  
• CoinDCX Ventures: Allows users to invest in potential blockchain startups while also promoting innovation in the Web3 space. 
• Multi-Signature Wallets: CoinDCX stores users’ funds in cold wallets that are secured with multi-signature technology to prevent online threats or security breaches. 

Pros 

• Offers a beginner-friendly interface with the CoinDCX app
• Promotes crypto literacy through DCX learn
• Low trading fees
• Robust security measures such as multi-signature wallets, 2FA, and BitGo insurance. 

Cons

• Low leverage for margin and futures trading as compared to other exchanges.  

Crypto Broker in India

Mudrex is an innovative crypto exchange that has introduced automated crypto trading in India. In other words, it has simplified crypto trading by making it accessible even to individuals with minimal technical knowledge. You can use the platform’s pre-built investment strategies and other automated features to start your crypto trading journey.  

It was established in 2018 by a group of friends who graduated from top Indian Engineering Colleges. Their goal was to create an easy-to-use crypto trading platform that utilizes automation. This innovative approach has significantly contributed to its growth. 

Similarly, Mudrex has also attracted investments from well-known groups such as Combinator and Nexus Venture Partners. Along with that, It has successfully secured partnerships with major crypto exchanges like Binance and Coinbase. 

Moreover, Mudrex utilizes industry-level security measures to protect user’s funds. For instance, it employs exchange-level encryption and gives access to users’ funds only while trading to prevent breaching threats. 

However, Mudrex does not feature any dedicated learning platform but it offers interactive community forums where you can learn from experienced traders. Likewise, Mudrex also provides 24/7 support to its users through live chat and email. In addition, it also features detailed help articles with which users can resolve common issues on their own. 

Key Features 

• Pre-Built Investment Strategies: This innovative approach allows users to utilize investment strategies built by experienced traders that align with market trends. They are curated according to the user’s risk tolerance and investment goals. For instance, users can choose between low-risk, moderate-risk, or high-risk strategies. These pre-built strategies can prove to be highly beneficial for individuals who may not know how to analyze market trends and make their own strategies. 
• No-Code Strategy Builder: This feature allows users to build complex investment strategies with the help of predefined technical indicators. It does not require programming skills and users have the freedom to comprehensively customize their strategies according to particular market trends. 
• Backtesting and Analytics: Mudrex also allows users to test their investment strategies before actually implementing them. This is done against past market data to identify potential outcomes. This feature helps users to improve or adjust their strategies accordingly. 

Pros 

• Robust backtesting features are ideal for users who prefer low-risk investments. 
• Provide 100x leverage for futures trading 
• Supports more than 350 cryptocurrencies

Cons

• Difficult to navigate for absolute beginners despite automated features.

Best App to Buy Crypto in India

Next on our list of the best crypto exchange India is CoinSwitch. It was founded in 2017 and has gained significant popularity among Indian users. It has a large user base of 2 crore. In its initial years, it mainly acted as a cryptocurrency exchange aggregator. 

In simple words, the goal behind CoinSwitch was to create a platform that could offer the most competitive trading prices by gathering and combining liquidity from multiple exchanges. However, the banking ban by the Reserve Bank of India in 2018 forced CoinSwitch to turn its ultimate focus toward the Indian market. 

CoinSwitch launched a local platform named CoinSwitch Kuber that was specifically designed for Indian users. It features a user-friendly interface and supports INR transactions which makes it easily accessible to Indian cryptocurrency exchange. 

Moreover, this exchange has also attracted the eyes of many powerful investors. It has gone through multiple rounds of funding in 2021 and it brought the company’s valuation to $1.9 billion.

Furthermore, CoinSwitch considers the security of user’s funds its utmost priority. It does not store any funds directly but instead, it partners with prominent exchanges such as Binance and Coinbase to process transactions securely. In addition, it complies with India’s regulatory framework and is also registered with India’s Financial Intelligence Unit (FIU). 

Key Features 

• Aggregator Platform: The best thing about CoinSwitch is that it gathers available liquidity from multiple sources and offers the most competitive rates for buying and selling crypto. Users don’t have to manually check prices on different platforms. It acts as a one-stop platform that allows users to execute trades at the best possible rates. 
• CoinSwitch Kuber: This platform is specifically designed for individuals who are just starting out their crypto trading journey. It offers a simple and easy-to-use interface that does not require technical expertise. Moreover, it incorporates localized features and simple tools that make it an ideal option for first-time investors in India. 
• INR Support: CoinSwitch supports seamless INR deposits and withdrawals. Users do not have to convert the Indian currency to any foreign currency to get started with crypto trading. 

Pros 

• Compliance with India’s regulatory frameworks
• Supports over 170 cryptocurrencies
• CoinSwitch mobile app that notifies the users of the latest market trends.

Cons

• Limited advanced trading features

Top Indian Crypto Exchange

ZebPay is one of the earliest exchanges for cryptocurrency in India. It was founded by Mahin Gupta in 2014. In its initial years, the company was mainly focused on educating Indian users about cryptocurrencies because at that time the crypto market in India was still in its infancy. 

They introduced Bitcoin wallet services and mobile trading applications. However, the company had to halt its operation in 2018 because of regulatory challenges and the ban on crypto transactions.

 However, when the ban was lifted in 2020, Zebpay was relaunched in India and became the most trusted Indian crypto exchange. It has a user base of over 6 million and is now recognized as a global exchange operating in more than 100 countries. 

Apart from being among the oldest and top rated crypto exchanges, ZebPay also stands tall in terms of security. It employs multi-factor authentication (MFA) to ensure account security. 

In addition, almost 98% of the funds are stored in cold wallets that are encrypted with multi-signature technology to provide an extra layer of security against cyber threats. Moreover, the company goes through regular audits and offers insurance for digital assets on the platform for ultimate security. 

Key Features 

• Auto-Buy Functionality: This feature allows users to set up a systematic investment plan for their crypto assets. It basically automates your cryptocurrency purchases. You can select the amount and interval of the purchase. It sort of provides you with an easy way to invest. You don’t have to invest in big chunks. Instead, you can do it bit by bit. It perfectly aligns with Indian investment habits. 
• Lightning Network Integration: ZebPay provides faster and cost-effective solutions for Bitcoin transactions. It is like a shortcut specifically created for Bitcoin transactions so that they don’t have to wait in the main blockchain network. 
• Quick Trades: This feature is specifically designed for beginners who do not want to get involved in complicated charts and order books. They just have to simply select the cryptocurrency they want to trade and start instantly. 
• Crypto Pack: It is another amazing feature by Zebpay that allows its users to invest in multiple coins at once. Instead of investing in one coin, they will invest in a complete pack that will include multiple coins. This approach reduces the risk because the user is not putting all of their money in just one coin. 

Pros 

• Multi-layer security including multi-signature cold wallets, 2FA, and KYC verification.
• Support an extensive selection of crypto assets.
• A diverse set of features ideal for Indian users such as the auto-buy functionality.

Cons

• High trading fees as compared to other platforms

Best App to Invest in Cryptocurrency in India

Unocoin was launched in 2013 and is considered the oldest exchange in our list of the best crypto exchange India. It was in fact the first crypto exchange in India and was primarily focused on Bitcoin trading. It educated Indians about the potential of Bitcoin as a valuable digital asset. Moreover, Unocoin introduced innovative solutions in response to India’s regulatory measures such as P2P trading. 

Furthermore, the platform is well-suited for Indian users as it is built on a deep understanding of the local market. Similarly, Unocoin complies with India’s evolving regulatory framework. Hence, it is considered a trusted name among Indian users. It has an extensive user base of over 2 million. 

In addition, Unocoin also has industry-standard security measures such as the cold wallet storage system that is further protected with Multi-signature authentication. Moreover, user data is encrypted to avoid unauthorized access. Similarly, Unocoin also utilizes two-factor authentication as an additional layer of security. 

Furthermore, Unocoin charges 0.5% trading fees on Bitcoin and 0.7% on other supported cryptocurrencies. A little setback of Unocoin is that it does not offer leverage on trading. Therefore, if you want to utilize this feature, you might want to opt for some other exchange. 

Key Features 

• Systematic Investment Plans: Unocoin enables its users to set up their investment plans for Bitcoin using this feature. It will allow them to invest little by little in Bitcoin without getting impacted by market volatility. 
• Bitcoin Point-of-Sale (POS) Services: this feature is specifically designed for businesses that want to incorporate cryptocurrency payment in their business. It will allow the customers to make payments in Bitcoin in exchange for the product or service they are availing at the merchandise. 
• P2P Trading: Unocoin introduces this peer-to-peer trading feature that enables users to carry out their trade without the use of direct bank transfers. It ensures that the transaction is safe for both the buyer and the seller. 
• Live Price Tracker: Unocoin keeps its users updated on the latest market rates and trends with this tracker so that they can make timely and informed decisions. 
• Unified Payments Interface (UPI) Support: Unocoin provides UPI integration which makes depositing and withdrawing funds easier and quicker for Indian users. 

Pros 

• Offers a range of features that are specifically incorporated for Indian users such as UPI support.
• One of the earliest exchanges that promoted literacy about cryptocurrencies and blockchain technology. 
• Opportunity to earn substantial rewards through the Unocoin referral program. 

Cons

• No support for leverage

India Top Crypto Exchange

WazirX is another best crypto exchange India. Launched in 2017, it quickly became a popular choice among Indian traders because of its diverse set of offerings. Another reason for its widespread popularity was that in 2019 it was acquired by Binance. This association with Binance gave WazirX access to Binance liquidity and technology. 

Moreover, it continued to grow despite the RBI banking ban with the help of features like P2P trading. From a security standpoint, WazirX features multi-factor authentication and secure socket layer encryption. In addition, the platform conducts regular audits to identify any vulnerabilities. 

Furthermore, it features a simple and user-friendly interface that is easy to navigate. Users can easily access features like real-time price tracking and advanced charting tools. WazirX also has a QuickBuy option that allows instant crypto purchases with INR. 

An interesting feature for beginners is that WazirX allows users to practice trading with a demo trading account. In this account, users are not using real funds, instead, they are utilizing virtual money to gain real-time experience without actually engaging in trade. 

In addition, WazirX offers multiple ways to earn from your investment through spot trading, margin trading, and futures trading. 

Key Features 

• Peer-to-Peer Trading: This is a very popular feature among Indians because it allows users to directly trade cryptocurrencies without relying on banks or any other intermediaries. Moreover, this method is secure and it can also surpass banking bans. 
• Smart Token Fund (STF): This feature allows beginners to connect with experienced traders so that they can manage their investments. It will provide them with exposure to the market trends. 
• Crypto Loan: It is sort of a financial service that enables users to borrow funds by putting their cryptocurrencies as collateral. It could be used in cases where users need money for a short period of time but they don’t want to sell their crypto asset. 

Pros 

• Excellent beginner-friendly features such as QuickBuy and demo trading account.
• Support a wide selection of cryptocurrencies
• Extensive educational resources such as regular webinars and workshops.

Cons

• High trading fees as compared to global exchanges

Best Cryptocurrency Trading Platform India

Next on the list of best crypto exchange India is Bitbns. It is a leading cryptocurrency exchange that was established in 2017 as a peer-to-peer trading platform. Over the years it has grown into a full-fledged crypto exchange that offers multiple trading options such as spot trading, margin trading, and futures trading. Users can enjoy up to 4x leverage on margin trading.

Moreover, Bitbns offers several opportunities to earn passive income. For instance, users can lend or stake their crypto holdings and earn interest. In addition, it supports more than 100 cryptocurrencies including Ethereum ETH), Bitcoin (BTC), and newer altcoins like Polkadot (DOT) as well. Similarly, it has a large user base of more than 4 million. 

Likewise, the user interface of Bitbns is designed to meet the requirements of both beginner and experienced traders. It is clean and easy to navigate while also having advanced tools such as trading indicators. 

In terms of security, Bitbns employs robust measures such as multi-layer protection to ensure the ultimate safety of its user’s funds.

Key Features 

• Systematic Investment Plan (SIP): Bitbns allows users to earn by following a disciplined investment strategy. With this approach, users can make small but regular investments without getting impacted by market volatility. 
• Arbitrage Opportunities: This is a unique feature of Bitbns that enables its users to benefit from arbitrage opportunities by detecting price differences across various exchanges. They can make a profit by leveraging these opportunities through quick trades.
• Bitdroplet: This tool works similarly to SIP. It allows users to carry out goal-based investments. Users will have to first select the goal and the quantity and intervals of the investment and they are good to go. This method minimizes the risk involved in regular crypto trading.  

Pros 

• Innovative investment features like SIP and Bitdroplet
• Advanced trading tools such as futures and margin trading, and arbitrage tools
• Support direct INR transactions via UPI and local bank transfers.

Cons

• No live chat support

Factors for Choosing the best crypto exchange india

There are several factors that need to be considered while choosing the best crypto exchange for Indian users. These factors are highly crucial because they determine the overall trading experience of any cryptocurrency exchange.   

Security

The first and foremost factor that you need to look for is the security of the platform. As you know, cyber-attacks are increasingly growing day by day and many major crypto exchanges have suffered significant data breaches. Therefore, it is very crucial that your selected exchange has robust security measures so that no one can access your funds.

A well-secured exchange has multiple layers of security such as:

• Two-factor authentication (2FA)
• Cold wallet integration for funds storage
• Know your Customer (KYC) verification

These are some common security protocols that every exchange must have. 

Regulatory issues

This is another crucial factor to consider when selecting an exchange. You need to make sure that your selected exchange offers compliance with India’s regulatory measures. Moreover, it should also adhere to Anti-Money Laundering (AML) guidelines to prevent potential regulatory issues. 

Customer support

It wouldn’t be wrong to say that this is the factor that is usually ignored by most of the users. However, it is equally important as other factors because this is the only way you can resolve the issues that you might encounter on the platform. Therefore, make sure that your selected exchange must have a live chat or email support. Moreover, you should also check the social media presence and community support of the exchange as well. It can prove to be beneficial in the long run. 

Conclusion

In conclusion, choosing the best crypto exchange India highly depends on your specific needs and requirements. If you are someone who is looking for an exchange that offers localized features and provides seamless INR support then WazirX or Zebpay can be a good option for you. 

On the other hand, if you are looking for a global exchange with advanced trading features and competitive fees then Binance is worth considering. 

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