Best Crypto Exchanges in India 2024

Recently, crypto trading became popular in India, creating a new investment field for Indian traders, and the demand for digital financial assets in India is on the rise today. To invest in crypto, traders have started looking for the best Indian crypto exchange with low fees. In the current industry, we have clarified for traders to choose from the best crypto platforms and explore the top cryptocurrency exchanges in India

List of Cryptocurrency Exchanges in India

Selecting the best crypto exchange can vary from user to user needs in terms of crypto fees, safety measurements, number of features, easy navigation, and the list goes on. Considering all these aspects, we have curated a list of the top 10 crypto exchanges in India with their pros and cons.

1. PrimeXBT

PrimeXBT is an advanced cryptocurrency exchange suitable for beginners & professionals alike. From their customizable platform to live market data, it helps traders find what they’re looking for when trading on the cryptocurrency market. PrimeXBT also offers unique diversification opportunities for traders worldwide, with 1 million+ registered users. PrimeXBT platform has been awarded “Best Platform for Online Trading” and “Best Mobile Trading App”.
For a thorough insight, you can visit the PrimeXBT review page.

Why We Chose It?

• PrimeXBT is the best crypto exchange in India with innovative features like Turbo options for more than 1 million users
• Maximum leverage of 200x on crypto CFDs, 100x on indices and altcoins, and 1000x on forex pairs
• Boasts fast execution times, suitable for regular traders, ensuring a smooth and intuitive experience
• Maintains a transparent fee policy, levying charges only for executing trades and keeping positions open to the night.
• Best crypto exchange app in India for on-the-go trading from all corners of the world

Key Features:

• PrimeXBT offers products like Crypto Futures, Global Market, and Copy Trading.
• Also provides various helpful tools for advanced traders, like price charts, long-short trading, and market research.
• Education Section – tradings fundamental available for new traders.
• Update security measurements regularly, such as 2FA authorization, encrypted SSL, cold storage of digital assets, and more.
• Allows traders to trade on crypto trading as well as Forex Trading.
• 170k+ daily trader.
• Serve in more than 150 Countries.

Pros and Cons of PrimeXBT

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2. CoinSwitch

CoinSwitch is one of the best crypto trading platforms in India. The first platform with more than 2Cr users offers the best rates on Bitcoin trades. It is easy to trade BTC instantaneously on CoinSwitch. The CoinSwitch mobile app is quite helpful in bringing the best crypto trading experience on mobile devices. You can visit CoinSwitch review page for better understanding.

Why We Chose It?

• The best app for crypto trading in India with an advanced, game-changing trading platform on CoinSwitch Pro 
• Advanced encryption protocols, multi-level security measures, and industry-standard safety practices to ensure secure and transparent trading
• Enhanced trading with advanced charting and sophisticated analytical tools for in-depth market analysis with TradingView 
• A quick account opening process without any verification required to use CoinSwitch services and products

Key Features:

• Some major products offered are API Trading, SIP (Systematic Investment Plan), and Crypto Rupee Index.
• For experienced traders, “CoinSwitch Pro” has more advanced tools for analysis.
• Multilevel Security with advanced encryption.
• The platform has the lowest commission among all competitors.
• Trading is available on mobile devices.
• Provide a platform for new startups that are advancing in Blockchain technology.

Pros and Cons of CoinSwitch

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3. Zebpay

ZebPay is an Indian crypto exchange that helps traders to buy and hold cryptocurrency. It also has an integrated crypto wallet in its mobile app. This helps long-term investors move their crypto holdings from the exchange to the wallet, which the investor has more control over. With crypto trading, ZebPay is also a crypto lending platform with high returns, providing its services in 160+ countries with a 5.5 million user base.
Check out Zebpay review page for a comprehensive understanding.

Why We Chose It?

• Earn passive income and returns of up to 8.5% through crypto lending on one of the best crypto exchanges in India. 
• Easy to use and navigate for both beginners and experienced traders, offering advanced features for experts and a simple interface for beginners
• Over 150 cryptocurrencies are supported on the platform for trading, investing, and lending. 
• Specialized courses, market analysis in real-time with a simple and powerful dashboard, and updated crypto news and trends for traders to make informed decisions while participating in the trading market.

Key Features: 

• Zebpay also has a crypto lending facility for its users.
• More than 5.5 million Traders are registered on the platform.
• Higher security measurements installed for trader’s assets.
• Currently, Zebpay services are available in more than 160 countries.
• Pre-created crypto packs for new traders to save their time.
• Through the Portfolio feature, traders can easily track their profit and loss.

Pros and Cons of Zebpay

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4. WazirX

WazirX is one of the best cryptocurrency exchanges in India. Founded in 2018, WazirX has become India’s largest and most trusted Indian crypto exchange. Today, Nischal Shetty, the founder of WazirX, has become a key player in the market. WazirX has successfully added more than 6 million customers. It is one of the fastest-growing crypto exchange apps in India. Head over to the WazirX review page for a more detailed analysis.

Why We Chose It?

• The best crypto exchange in India, trusted by more than 15 million Indians who can invest in over 300 digital currencies at the best prices driven by deep liquidity.
• Offers seamless one-onboarding process with swift KYC procedures to ensure a fully compliant and regulated exchange. 
• Employs two-factor authentication, end-to-end encryption, transparent reports, and proof of reserves to ensure safe crypto trading.

Key Features

• WazirX provides Cross-Platform Support to all users.
• Traders can take advantage of the Advanced Trading Tools.
• Updated Security Measurement for secure digital assets.
• First ever automated P2P trading platform.
• Upgrade your trading experience with seamless API Trading.
• Enable QuickBuy features for fast buying and selling.

Pros and Cons of WazirX

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5. UnoCoin

Unocoin is one of the popular crypto exchanges in India, with more than 2.4 million customers. Today, the platform processes 71.6M+ orders, and it offers a wider range of cryptocurrencies to trade. The exchange started its operations in 2013 and aimed to make cryptocurrency more accessible to the country’s billions. If you want to know more about the platform, you can read our UnoCoin review page.

Why We Chose It? 

• Highly trusted Bitcoin and crypto exchange platform
  Access to industry-leading API and real-time market data to develop secure and programmatic trading bots
• Offers the most competitive fees, especially for market makers, brokers, and high-volume traders
• Implements the latest security measures to ensure top-level safety for clients’ information and funds using two-factor authentication and stores funds in an offline cold storage wallet

Key Features

• Provide a training guide for beginners and a knowledge panel for all trading-related references.
• Some major products are
  – Systematic Buying Plan
  – Crypto basket
  – Sub-Broker Program
• Unocoin has introduced Crypto Wealth Club and Elite Club for its users
• Unocoin’s Paper Wallet brings more security to digital asset
• It offers fare fees compared to other available crypto platforms

Pros and Cons of UnoCoin

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6. CoinDCX

CoinDCX is a unique crypto platform that provides cryptocurrency exchange services across 200 different types of crypto assets. This Singapore-based company has been popular in India since 2018. CoinDCX has set up its offices in Mumbai. The platform has received support from big investors like Bain Capital Ventures, Polychain, 100x Ventures, and other important players in the industry. CoinDCX exchange has also received investments worth $ 5.5M in three crowdfunding rounds. Take a look at CoinDCX’s review page to better grasp the concept.

Why We Chose It?

• Trusted by more than 1.4 Crore registered users, CoinDCX is famous for its low fees. 
• Trade on CoinDCX across a robust trading platform that offers buying and selling of more than 500 digital assets.
• Futures trading with a maximum leverage of 25x on more than 220 trading pairs.
• The most valuable cryptocurrency investment app resolves numerous problems that Indian traders face.

Key Features

• Multiple Trading is available: Spot trading, Margin trading, and Future Trading.
• Educational resource – Advanced Charting and Analysis for Pro Trader.
• Provide personalized services for large traders.
• Traders can start from as low as 100 INR.
• Users’ assets are regularly audited by a third party.
• The user gets unlimited INR bank transfers at any time, free of charge.

Pros and Cons of CoinDCX

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7. Bitbns

Bitbns is also one of the best crypto exchanges in India, with over 300 listed cryptocurrencies on the platform. It offers excellent services and allows customers to buy, exchange, and sell cryptocurrencies at the best prices by offering an easy-to-trade, intuitive, and simple user interface. Bitbns also offers its cryptocurrency app, which is compatible with iOS and Android devices. The exchange is currently being used by more than 4 million users and has a 24-hour trade volume of $13 million. Explore the Bitbns review page to gain better insight.

Why We Chose It?

• With a minimum deposit requirement of only Rs. 100, Bitbns is suitable for beginners and experienced traders.
• Supports automated trade orders with advanced trading tools and features
• Ensures minimum risks with Bracket Orders along with Trailing Stop Limit orders
• Top-notch security with mandatory KYC procedures, two-factor authentication, fingerprint/pin access, and verified network Velvet against operational inefficiencies and security issues.

Key Features

• Trailing Stop Limit: protect traders from crossing their loss limits.
• The Automated Buy and Sell system makes it easy for crypto traders to trade efficiently.
• Education Section: Bitbns provides an Academy section where new traders can learn the basics of exchanges and trading.
• Express INR Withdrawals allow fast withdrawals and smooth transactions. 
• Ascent: through ascent, a project can get funding.
• The crypto platform provides services for both inverters and traders.

Pros and Cons of Bitbns

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8. Krypto

Krypto is India’s fastest-growing cryptocurrency exchange that allows customers to buy more than 100 cryptocurrencies with high liquidity and at the best rates. Traders can buy, sell, and exchange popular trading pairs such as INR/BTC, INR/ETH, INR/DOGE, etc. Krypto cryptocurrency trading platform users can access leading digital coins and enjoy instant deposits and withdrawals with fast crypto-to-crypto, INR to crypto, and crypto-to-INR conversions.

Why We Chose It?

• Traders looking for the finest crypto exchange can visit Krypto digital assets anytime, anywhere 
• Instant deposits and withdrawals in fiat currencies with completely free trading cost
• Lightning-fast onboarding process to allow seamless registration and account opening processes with a quick KYC procedure
• Zero percentage brokerage and deposit fees make Krypto beginner-friendly

Key Features

• Krypto Pay: Krypto patent technology allows users to pay with cryptocurrency at any shop accepting payment through cryptos.
• Crypto Transferring: send cryptocurrency to anyone worldwide using Krpto for free.
• 0% trading fees.
• Registered under Blockchain & Crypto Asset Council of India.
• Have an easy and user-friendly interface experience.
• Trade smoothly on Krypto’s mobile app.
• Professional Trading Mode for the Pro Traders.

Pros and Cons of Krypto

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9. BuyUcoin

BuyUcoin has over 1 million users who buy and sell cryptocurrencies at the best prices. The beginner-friendly crypto exchange platform requires a minimum deposit of only Rs. 100 at registration and offers free Bitcoins on signup. Users can create free accounts and crypto wallets to access their portfolio from a single place or participate in OTC trading across 130+ digital assets. BuyUcoin also features an NFT marketplace where you can buy and sell non-fungible tokens hassle-free without any long deposit and withdrawal processes.

Why We Chose It?

• Secures user’s information and funds by incorporating cutting-edge security measures and stringent data privacy controls with secure storage, crypto reserve audits, security bug bounty programs, and SSL encryption protocols.
• Does not charge any setup fees, monthly fees, deposit fees, or KYC fees, making BuyUcoin the best app for cryptocurrency trading in India without any hidden charges. 
• Earn free BTC tokens instantly daily for up to Rs.2000 on signups, deposits, Bitcoin trading, and referrals.

Key Features

• NFT Marketplace: buy and sell NFT on the BuyUcoin platform.
• Product available: Spot Trading and EZ Trade are available.
• Systematic Crypto Investment Plans (SCIP) are available for all traders.
• Provide Personalized Service & Support.
• User can create their cryptocurrency using Developers API.
• Education Section: Publishes blogs for regular news and industry updates.

Pros and Cons of BuyUcoin

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10. Paxful

Paxful is one of the best crypto platforms in India, offering a peer-to-peer marketplace that allows traders to buy and sell Ethereum, Bitcoin, and other cryptocurrencies. It provides a simple and quick registration process and enables traders to pay for their crypto purchases using various payment methods supported on the platform. More than 12 million people are registered on the platforms, giving them access to secure trading and valuable feedback to help them trade smoothly. Traders can purchase cryptocurrencies using bank transfers, online wallets, gift cards, cash payments, debit or credit cards, cryptocurrencies, and other digital assets. Refer to the Paxful review page for a more comprehensive understanding.

Why We Chose It?

• It offers a P2P marketplace for buying and selling digital currencies
• Offers an intuitive cryptocurrency app in India to make it easier for users to sell, receive, and trade cryptocurrencies on the go 
• Many payment methods are supported, including bank transfers, online wallets, debit and credit cards, gift cards, and many more. 
• Free Ethereum gift card trades with 0% escrow fees.

Key Features

• A trader gets more than 300 ways to buy and sell Bitcoin.
• Peer-to-peer crypto trading is available. 
• Provide a free Paxful wallet for storing digital assets.
• Study Section: Paxful produces its blogs with regular updates.
• Paxful Rewards Program and Paxful Trader Program are featured for user growth.

Pros and Cons of Paxful

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Comparing the Best Crypto Exchanges in India

Crypto Exchanges	Available Coins	Minimum deposit	Fees (Maker and Taker)	Unique Features
	41	0	0.05% & 0.05%	The most Popular Crypto platform
	100+	100	0 to 0.5%	Best Crypto App
	150+	100	0.15% & 0.25%	Best Crypto wallet
	300+	100	0.20% & 0.25%	Largest and trusted platform
	50+	0	0.2% & 0.3%	Offers High Liquidity in Crypto Trading
	130+	500	0.04% & 0.06%	Fastest-Growing Indian Crypto Exchange
	540+	100	0.25%	Provide Advanced Tools For Trading
	Not Clear	50	0%	Crypto Exchange with Lowest Fees in India
	50+	500	0.24 & 0.24	Highly secure platform
	Not clear	Not Clear	Vary from coin to coin	Best for Bitcoin Trading

*Disclaimer: The fee structure may vary based on trading volume. Rates are subject to change and can fluctuate according to market conditions.*

Cryptocurrency Law and Regulations in India

Cryptocurrency rules and regulations in India are controversial since no stringent laws exist. Let’s look at some of the key points related to crypto laws and regulations in India :

Legality – Digital assets and cryptocurrencies such as Bitcoin and Ethereum are neither recognized as legal tender nor explicitly banned in India. Users can trade and hold digital tokens but not use them for daily purchases. 

Restrictions – In 2018, The Reserve Bank of India banned all financial institutions, including banks, from dealing with cryptocurrency businesses. This policy limited conventional financial options for cryptocurrency exchanges. 

2021 Proposed Bill – The Indian government launched the Cryptocurrency and Regulation of Official Digital Currency Bill in 2021, which aims to develop a framework for the CBDC (central bank digital currency) issued by the central bank. 

Tax – According to the 2022 Indian budget, a 30% tax is imposed on cryptocurrency gains, while the government imposes a 1% tax deducted at source (TDS).

All in all, the regulatory situation in India is uncertain, and the fate of the proposed bill is unclear. Hence, users must stay updated about crypto developments and news in the country.

Our Methodology

Here are some common points that we have considered for creating the top cryptocurrency exchanges in India:

• Crypto Fees – We have considered the best cryptocurrency app in India with low fees and transparent fee structures suitable for all types of traders. Fees can vary substantially depending on the crypto exchange traders use, and hence, it is important to consider the fees charged across exchanges.
• Basic and Advanced trading features – By comparing different crypto exchanges, it is important to ensure that every change has unique features that set one apart. Hence, we have evaluated every exchange’s basic and advanced trading features to serve both beginners and experienced traders. 
• Number of cryptocurrencies available to trade – In our evaluation, we considered the available supported cryptocurrencies that users trades in. 
• Customer Support availability – The crypto world is still new for many traders. This makes having efficient and 24×7 customer support available an important factor. We have assigned importance to crypto exchanges in India that offer customer support via multiple channels, including live chat, email support, phone support, and FAQs. 
• Knowledge Panel for traders – Our list of crypto exchanges in India has been meticulously chosen considering their Education section, which consists of enriching blogs, guides, analysis, tools, and other essential materials to help traders make informed decisions. 
• Number of Register Traders – We have gathered accurate information on the number of registered traders on the platform to determine the reliability of the crypto exchange. 
• Platform availability on a different device – We have factored in whether the crypto exchanges have mobile applications with accessibility, functionality, and ratings. All crypto exchanges mentioned above have dedicated mobile apps available on both iOS and Android operating systems.

Methods to Choose Best Cryptocurrency Exchange For India

Most traders and investors have already found the best exchange from the above crypto exchange list. However, specific parameters must be considered before calling a trading platform the best cryptocurrency exchange in India.
While evaluating top crypto exchanges in India, especially to find the best cryptocurrency exchange for 2024, the following factors need to be considered:-

• Users need to conduct extensive research on the Indian crypto exchange platform and ensure that the user reviews are authentic.
• The platform should support Bitcoin and other popular cryptocurrencies. Its security should mimic the authenticity of the exchange.
• The platform should provide the best crypto security and have legitimate buy-sell operations.
• The trading platforms can be compared based on their buy-sell fees and overall fee structures, highlighting hidden costs.
• The platform needs to be reliable and should provide various cryptocurrency exchanges.
• The exchange should support multiple purchase methods.
• The user experience of the exchange is an important deciding factor.

The above criteria can be used for rating other exchanges appropriately, which will also bring forth platforms outside the list of five.

Conclusion

By now, you’ve explored the strengths and weaknesses of India’s leading crypto exchanges. This curated list eliminates the need to spend hours researching each platform. Whether you prioritize low fees, a user-friendly interface, or a vast coin selection, you’re well-equipped to choose the exchange that aligns with your trading goals. Remember, the “best” platform depends on your individual needs. So, take a deep breath, leverage this information, and confidently step into the exciting world of Indian cryptocurrency trading!

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