Best Crypto Exchanges in India 2024
Researching cryptocurrency exchanges in India? Here are some of the best Indian crypto exchanges to explore in 2024.
Best cryptocurrency exchanges in India
| Exchange | Cryptocurrencies available | Trading fees | Deposit | Withdrawal | Payment methods | KYC? |
|---|---|---|---|---|---|---|
| WazirX | 250+ | 0.10% to 0.40% based on 30-day trading volume and WRX holdings | Crypto deposits free | Crypto withdrawals vary depending on coin | INR currently suspended | Yes, Pan Card |
| CoinDCX | 100+ | 0.04% to 0.50% based on 30-day trading volume | Free | Free | UPI, Debit/Credit Card | Yes, Pan Card |
| Bitbns | 400+ | 0.25% with discounts for BNS holders | Free | Free excluding instant withdrawals | UPI, Bank, P2P USDT | Yes, Pan Card |
| Mudrex | 150+ | 0.2% | Free | Up to 2% | UPI , USDT, Bank Transfer | Yes, Pan Card |
| Coinswitch | 170+ | 0% to 0.49% depending on the exchange used | Free | Free | NEFT, RTGS, IMPS | Yes, Pan Card |
| ZebPay | 100+ | 0% for quick trade crypto-crypto trades or 0.5% for crypto-fiat trades | Free | Free | IMPS, NEFT, RTGS | Yes, Pan Card |
| Paxful | BTC, USDT, USDC | 0.5% for crypto conversions | Free | Up to 1% | ACH, Credit/Debit Card, PayPal | Yes, Photo ID |
| Binance | 500+ | 0.0120% to 0.1% maker/taker fees based on 30-day trading volume | Dependent on payment method | Dependent on payment method | INR only supported through P2P or third party | Yes, Photo ID |
| Unocoin | 50+ | 0.2% for makers and 0.3% for takers | Dependent on payment method | Dependent on payment method | IMPS, NEFT, Credit/Debit Card | Yes, Pan Card |
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 are trusted and reputable. They are associated with the Binance group and donate to the Blockchain India Fund to help the adoption of crypto in India.
WazirX FAQs
How many cryptocurrencies are on WazirX?
WazirX has 250+ cryptocurrencies available to trade on its platform.
Does WazirX have a mobile app?
Yes, the WazirX app is available for iOS and Android.
What are WazirX fees?
WazirX has a tiered trading fee structure based on your 30-day trading volume and your WRX holdings. You can expect fees of between 0.10% - 0.40%.
Are there any deposit and withdrawal limits on WazirX?
There are different withdrawal limits in place, and this all depends on the crypto you're withdrawing. Fees are relatively high when compared to other exchanges.
Does WazirX have KYC?
Yes. You will need a PAN card in order to verify your account.
Read next: WazirX Review & Guide
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.
CoinDCX FAQs
How many cryptocurrencies are on CoinDCX?
CoinDCX currently offers more than 100 different coins to be traded.
Does CoinDCX have a mobile app?
Yes. The CoinDCX app is available for iOS and Android.
What fees will I pay on CoinDCX?
CoinDCX has a fee structure that is based on your 30-day trading volume, usually between 0.04 to 0.5%.
Are there any deposit and withdrawal limits on CoinDCX?
CoinDCX has a minimum deposit of INR 750 and a maximum withdrawal of INR 500,000.
Does CoinDCX have KYC?
Yes. In order to comply with Indian regulations, CoinDCX requires some personal information to verify your account.
Read next: How to buy crypto on CoinDCX
Bitbns
Bitbns was founded in 2017, and they believe 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. Let’s review why Bitbns is a contender for the title of best Indian crypto exchange.
Bitbns FAQs
How many cryptocurrencies are on Bitbns?
There are currently 400+ tokens available to trade on Bitbns.
Does Bitbns have a mobile app?
Yes. Bitbns has an app that is available for iOS and Android.
What are the fees on Bitbns?
The Bitbns fee structure is based on your 30-day trading volume for BNS holders. Fees are low and generally between 0.25% and 0.03%.
Are there any deposit and withdrawal limits on Bitbns?
Bitbns have a minimum deposit of INR 100 and a maximum of 25 lahks a day.
Does Bitbns have KYC?
Yes and no. KYC isn't required to trade, deposit, and withdraw crypto, but it is needed to deposit and withdraw fiat currency.
Read next: Investing in Crypto in India Guide
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.
Mudrex FAQs
How many cryptocurrencies are on Mudrex?
There are currently 150+ tokens available to invest in Mudrex.
Does Mudrex have a mobile app?
Yes. Mudrex has an app that is available for iOS and Android.
What are the fees on Mudrex?
Mudrex charges 0.2% on every transaction.
Are there any deposit and withdrawal limits on Mudrex?
Mudrex has a minimum deposit of INR500 and a withdrawal limit of INR100000.
Does Mudrex have KYC?
Yes, it's mandatory for all users to complete their identity verification before being able to make any deposits or withdrawals on Mudrex.
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.
CoinSwitch FAQs
How many cryptocurrencies are on CoinSwitch?
CoinSwitch currently offers more than 170 different coins available.
Does CoinSwitch have a mobile app?
Yes. CoinSwitch is an app-only exchange and is available for iOS and Android.
What are the fees on CoinSwitch?
CoinSwitch charges a tiered maker/taker fee of up to 0.49%, while other transactions may vary.
Are there any deposit and withdrawal limits on CoinSwitch?
CoinSwitch has a minimum deposit of INR100.
Does CoinSwitch have KYC?
Yes - CoinSwitch complies with regulations that make KYC mandatory in India.
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.
ZebPay FAQs
How many cryptocurrencies are on ZebPay?
ZebPay currently has 100+ coins to be traded.
Does ZebPay have a mobile app?
Yes. The ZebPay app is available for both iOS and Android.
What are the fees on ZebPay?
ZebPay charges no fee for crypto to crypto quick trades, or 0.5% for crypto to fiat quick trades. Other transactions may have different fees.
Are there any deposit and withdrawal limits on ZebPay?
ZebPay has a minimum of INR 12 on fiat deposits and INR 15 on all fiat withdrawals. Although crypto deposits are free.
Does ZebPay have KYC?
Yes. ZebPay complies with regulations that make KYC mandatory in India.
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?
Paxful FAQs
How many cryptocurrencies are on Paxful?
Paxful has a very modest selection of coins and currently only offers 4 options - BTC, USDT, ETH, and USDC.
Does Paxful have a mobile app?
Yes, the Paxful app is available for iOS and Android.
What are the fees on Paxful?
Paxful has a 1% fee only for sellers and none for buyers. Their withdrawal fees vary depending on how much and the currency you are withdrawing.
Are there any deposit and withdrawal limits on Paxful?
Paxful has a $10 minimum deposit which roughly equates to INR800.
Does Paxful have KYC?
Yes. As Paxful is a global exchange, they have to comply with various regulators.
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.
Binance FAQs
How many cryptocurrencies are on Binance?
Binance offers 500+ different cryptocurrencies to trade, including all major coins plus thousands on BNB plus their Trust Wallet for DeFi.
Does Binance have a mobile app?
Yes, Binance is on mobile for iOS and Android. They also offer the Trust Wallet browser extension and mobile app.
What are the fees on Binance?
Binance does have maker-and-taker trading fees. The fee structure is a tiered schedule based on your monthly trading volume. As you trade more, the percentages get lower, and some BTC trading pairs are as low as 0%.
Are there any deposit and withdrawal limits on Binance?
Yes, but the limits on Binance would depend on your payment method, and there is a standard flat charge for bank transfers. Binance currently supports INR through P2P or third-party payments through WazirX and Simplex.
Does Binance India have KYC?
Yes. They require a photo ID and personal information to verify your account.
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.
Unocoin FAQs
How many cryptocurrencies are on Unocoin?
Unocoin currently offers 50+ cryptocurrencies to be traded.
Does Unocoin have a mobile app?
Yes. The Unocoin app is available for iOS and Android.
What are the fees on Unocoin?
Unocoin offers a flat 0.5% trading fee.
Are there any deposit and withdrawal limits on Unocoin?
Unocoin has a minimum INR 100 deposit.
Does Unocoin have KYC?
Yes. As Unocoin is compliant with Indian regulations, so would require some personal information.
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.
FAQs
What's the best crypto app in India?
Some of the best crypto exchange apps for Indian investors include the Bitbns app, the WazirX app, and the CoinDCX app. All apps are available on both iOS and Android.
What’s the best crypto to buy right now in India?
What's the largest crypto exchange in India?
Recent research from CoinGecko shows that the largest Indian crypto exchange by market share is Bitbns - with 79.1% of the market and an annual trading volume of $6.52 billion for the last year! WazirX follows in second place, with an 11.1% market share, while CoinDCX places third with 6.6% and ZebPay fourth with 3.1% of the market.
