Best Crypto Exchanges in India 2025

Researching cryptocurrency exchanges in India? Here are some of the best Indian crypto exchanges to check out in 2025.

Best cryptocurrency exchanges in India

CoinDCX

CoinDCX launched in 2018 and boasts over 10 million users. They have become one of the most popular crypto exchanges that Indian crypto investors have access to, thanks to a simple user interface and robust security protocols. They also offer spot, margin, futures trading, earning through lending and staking, and a learning program.

Read next: How to buy crypto on CoinDCX

Mudrex

Mudrex is a crypto investment app that aims to make it easy for Indian investors to buy, sell, and trade cryptocurrencies. You can add funds using your crypto or INR and invest in your favorite cryptocurrencies, or make it even simpler by investing in Coin Sets. As well as this, Mudrex offers vaults for investors to earn passive income from their crypto holdings.

Read next: How to sell crypto in India

CoinSwitch

CoinSwitch launched in 2017 and has its HQ in Bengaluru. They've become one of the best Indian crypto exchange options thanks to being accessible, easy to use, and non-custodial. They are an app-only exchange and have well over 10 million downloads on Google Play alone. CoinSwitch is unique in that it doesn't generate its own liquidity. Instead, it lets traders connect to different exchanges to find the best exchange rates.

Read next: CoinSwitch vs. WazirX

ZebPay

ZebPay was launched in 2014 and relaunched in India in 2020. They boast more than 5 million users and more than 10 billion traded in fiat so far. They've become one of the best Indian crypto exchange options, thanks to many product offerings, including ZebPay exchange, OTC trading, and lending.

Paxful

Paxful was launched in 2015 and has become a highly reputable digital marketplace and wallet where you can buy and sell popular cryptocurrencies, as well as spend crypto. They have a global footprint and are a top crypto exchange in India. They have also launched La Casa Del Bitcoin in El Salvador in order to help educate residents on the adoption of Bitcoin as a legal tender. In terms of crypto exchanges, India offers many options, but is Paxful a good bet?

Binance India

Binance India is part of the global market-leading exchange Binance. They offer a huge variety of products, buying and selling crypto with INR, trading, derivatives, and earning via vaults or liquidity farm programs, loans, and NFTs. Binance is the biggest exchange in the world, with more than 28 million users, over 500 cryptocurrencies, and trading billions daily.

Read next: How to buy crypto on Binance India

Unocoin

Unocoin was founded in 2013 as one of the first crypto exchanges in India. Their HQ was initially in Tumkur, before later moving to Bengaluru. Investors can buy, sell, and trade, including OTC bulk trading, and offer auto sell and systematic buying plans too. They currently boast 2.34 million customers and 50+ cryptocurrencies. Let’s see what makes Unocoin one of the best Indian crypto exchange options.

WazirX

WazirX is one of the largest crypto exchanges India has to offer. They launched in 2018, and with 6 million users that are trading $5.4 billion a month, they were widely considered trusted and reputable thanks to an association with both the Binance group and the Blockchain India Fund. However, the exchange was hit with a large-scale hack in July 2024 to the tune of $230 million in losses after a multi-sig wallet was breached. The exchange plans to restructure, but many of the current plans have been criticized by investors as the platform continues to hold funds instead of returning them.

Read next: WazirX Review & Guide

Bitbns

Bitbns was founded in 2017 with the mantra that crypto is the future of money. Their user-friendly interface, as well as supporting a wide variety of crypto, have helped them become the top crypto exchange in India by trading volume, with more than 4 million users. However, it's very important to note the exchange has been accused of some shady behavior in recent years. This started in 2020 as some customers began stating they were unable to withdraw funds, with Bitbns responding that it was due to a technical glitch and there was maintenance scheduled to resolve the issue. Following this, back in 2023, many investors claimed their accounts had suddenly hit zero with a stark lack of response from the Bitbns customer support team. Other problematic behavior included Bitbns covering up a $7.5 million hack from 2022 until a crypto investigator publicly confronted the Bitbns team, leading them to admit the hack must have occurred. Overall, the exchange has been accused of a lot, from lacking transparency through to outright misuse of customer funds.

Read next: Investing in Crypto in India Guide

How to pick a crypto exchange in India

Picking a crypto exchange isn't easy - there are some important factors you need to consider. Here are the criteria we used to select our list of best crypto exchanges in India:

• Security: Your crypto needs to be safe and secure - so the security of your exchange should be top of the list. We only included exchanges with excellent security protocols, at both a platform and account level.

• Reputation: Reputation means a lot in the crypto market with so many dodgy projects and platforms still sadly hanging around the market. That's why we've only included crypto exchanges with a strong reputation and track record in the crypto community, both globally and in India.

• Available cryptocurrencies: Your exchange needs to actually sell the cryptocurrencies you want to invest in. While some exchanges only stick to the leading cryptocurrencies like Bitcoin and Ethereum, the exchanges in our list have a wide variety of cryptocurrencies to pick from.

• Liquidity: Many exchanges and platforms went bust due to bank runs in the most recent bear market - so liquidity matters. Exchanges with high liquidity protect you from potential bank runs and help you execute trades faster and with low slippage.

• User Interface: Long gone are the days when you needed an advanced degree to use a crypto exchange - there's now a crypto exchange for every level of investor experience from novice to pro. We've included crypto exchanges to suit all levels, as well as ones with mobile apps so you can trade on the go.

• Fees: All crypto exchanges charge fees. While most will charge average fees, there are some exchanges that charge substantially more or less. We've compared the fee structures for each exchange to help you find the best option for you.

How to report and pay taxes on crypto in India

Crypto is taxed in India. Learn how to report and pay crypto taxes in India with our simple step-by-step India tax filing guide. Discover how to file your crypto transactions with the Income Tax Department in your ITR-2, including using the new Schedule VDA for reporting crypto gains and income. Our comprehensive guide covers everything you need to know to ensure compliance and accurately report your crypto activities.