Best Crypto Exchanges in India, How does a crypto exchange works, Top 5 Cypto Exchanges in India, Best Crypto Exhanges in India –
Cryptocurrencies have gained a lot of popularity. Although highly volatile and risky, people are looking forward to crypto as a quick way to make money. Most crypto exchanges have seen a surge in volume, hinting at the growth of cryptocurrency worldwide, including India.
If you are planning to start your investment journey with cryptocurrencies, you may want to buy cryptocurrencies from an exchange with a good reputation.
Below, we have listed out five best Crypto exchanges in India to buy, store & sell Cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and others in India.
How does a Exchange works?
All the exchanges follows a similar basic concept or layout. The crypto platforms connect the buyers and sellers willing to make a trade. We have an overview of their functioning as:
- To buy a crypto, you need to place an order at the price you wish to purchase.
- Now, to sell a crypto, a seller will have to place an order to sell his bitcoin.
- If both your and the seller’s price offering is the same, then the exchange connects you to the seller and the trade succeeds.
To begin your investment journey with cryptocurrencies, we have listed top 5 best crypto exchanges in India.
Best Crypto Exchanges in India
Cryptocurrencies can be easily bought through Cryptocurrency exchanges. If you are someone who’s looking forward to buying or investing in cryptocurrencies like Bitcoin, Ethereum, Dogecoin and others, you may get confused about which exchange is best for you.
Before selecting a cryptocurrency exchange, you must scan for some basic features like transaction fees, security, the credibility of the respected exchange etc. Here is the list of top 5 best crypto exchanges in India.
1. WazirX
WazirX is a one of the best crypto exchange launched in 2017. Later, it was acquired by Binance Holdings, which is the world’s largest cryptocurrency exchange by trading volume. This makes it one of the most trusted Indian crypto exchanges.
You can start trading by completing a few simple steps like sign-up, KYC completion, depositing INR, and placing an order. You can deposit funds using IMPS, RTGS, NEFT, and UPI. WazirX also lets you buy or sell USDT through P2P exchange and does not charge you any fee.
You can download it from the Play Store or App Store (use referral code geazrh3y). They also offer a 24×7 support system. However, you can only submit a request through mail.
Key Features:
- Trade 100+ tokens in high liquidity
- Instant Deposits & Withdrawals INR 24×7
- Instantly move funds between WazirX and Binance wallet for free
- Mobile app and Web for crypto trading
- Integration with Binance app for investment into global currencies
- Low trading and transfer fees
2. ZebPay
ZebPay is a crypto exchange platform that first marked its presence in October 2014 with the launch of Bitcoin wallet in India. It initially shut operations in India after the ban on cryptocurrency. However, the app was relaunched in India in January 2020, ahead of SC’s hearing on RBI’s crypto ban.
ZebPay is a popular exhange in the crypto space and have 95% of users from India, and has served over 3 million users so far. It promises a low transaction fee and advanced platform security. It enable crypto traders to buy and sell across 130 countries with zero trading fees.
ZebPay cryptocurrency exchange enables users to buy, sell, and trade-in cryptocurrencies like Bitcoin, Litecoin, XRP, and more. ZebPay is available on iOS and Android and focuses on long-term value investment.
Key Features:
- Simple and User-friendly interface
- Instantly buy and sell
- Zero Deposit and Withdrawal Fee
- Advanced Platform Security
3. CoinDCX
CoinDCX is one of the world’s most versatile crypto exchange platforms, with proper security features for both user’s account details and transactions. It has a simple and convenient user interface that supports limitless trading on the CoinDCX exchange platform.
CoinDCX provides access to trading products like spot, margin, futures, and lending using a single powerful portfolio wallet. Also, it has an Insta feature where you can buy 40+ cryptocurrencies with INR in less than a minute.
CoinDCX also offers numerous cryptocurrencies like Bitcoin, Ethereum, and other altcoins. It is especially beneficial for Indian users as they can quickly convert cryptocurrencies like BTC to INR and vice-versa on the platform.
Key Features:
- Trading fee as low as 0.1%
- Over 200+ Cryptocurrencies listed
- Zero Fees for deposits and withdrawals
- 24×7 customer support
4. CoinSwitch Kuber
CoinSwitch was founded in 2017 as a global aggregator of cryptocurrency exchanges. Later, the company introduced its India’s exclusive crypto platform, CoinSwitch Kuber, to simplify crypto investments for Indian retail investors.
CoinSwitch supports over 300+ cryptocurrencies. You can directly buy and sell 100+ coins with INR. You can convert/exchange INR to any of the supported cryptos, with common payment modes like debit cards, credit cards, UPI, bank transfer, and net banking.
In June 2020, CoinSwitch came up with CoinSwitch Kuber which is India’s exclusive INR-crypto on-ramp platform. This platform supports hundreds of cryptocurrencies for the users for buying and selling Indian rupees. This startup is headquartered in Bengaluru.
Key Features:
- Buy 100+ crypto with INR
- Instant Deposits and Withdrawals
- Low Trading Fees
5. UnoCoin
UnoCoin is the one of the old leading cryptocurrency exchange in India. It was founded in 2013 with a mission to bring Bitcoin to the billions. UnoCoin primarily operates and services people in India but has a goal to reach global markets as a top player.
You can buy, sell, and exchange digital assets. UnoCoin provides unique features like OTC (Over the Counter) for bulk trades, Crypto Baskets for weighted basket orders, Systematic Buy Plan (SBP) to automate bitcoin buying with a fixed amount and frequency.
You can also make a fixed deposit of USDT (stable coin) and receive monthly payments as interest until the amount matures.
Key Features:
- Features like OTC & SBP
- Mobile/DTH Recharge with Bitcoin
- Earn interest against USDT fixed deposit
- Instant Deposit and Withdrawal
Conclusion – Best Crypto Exchanges in India
These were five of the best crypto exchanges in India for buying and selling cryptocurrencies. Considering all the features like security, beginner-friendly, the fee charged, user interface, deposit methods, we believe WazirX would be one of the best choices for a beginner.
However, WazirX has a high maker and taker fee, which CoinDCX can replace.
Some FAQs – Crypto Exchanges in India
- Is Cryptocurrency legal in India?
As per the prevailing situation, the Indian government is still formulating rules regarding cryptocurrency. Since there are no existing rules to govern crypto trading in India, it is neither legal nor illegal.
- How to invest in Cryptocurrencies in India?
There are numerous crypto exchanges in India, providing a opportunity to trade in some of the most popular cryptocurrencies and altcoins.
- How to buy Bitcoin in India?
You can buy bitcoin from India’s trading platforms and then store them in your wallets. You can also buy a bitcoin through various platforms to provide peer-to-peer services, such as WazirX, Paxful, etc.
