12 Best Cryptocurrency Exchange in India | Buy Bitcoin In India | 2020 Edition
Looking to buy bitcoin in India? or searching for best crypto exchange in India? Here is the list of 12 operational cryptocurrency exchanges still working where users can buy and sell bitcoin (+ Altcoin) in India. If you are looking for the best cryptocurrency exchange in India to buy Bitcoin then there are only a few exchanges allowing deposit and withdrawal in Rupee as well through peer to peer model.
Nowadays, trading bitcoins and buying or selling them is growing in India. Various websites are offering these type of bitcoin and altcoins trading services but only certain websites are categorized under the most-trusted category with reference to their easy usage and popularity. There are many Websites and Mobile apps to buy bitcoin in India. Here is the complete list of Best Cryptocurrency Exchange In India (Bitcoin + Altcoins)
Note: Due to the RBI circular, crypto exchanges are not able to let traders liquidate crypto assets. That means banks accounts can not be used for buying crypto anymore and similarly you can not sell crypto and receive Rupee in your bank account through exchange. To deal with it few exchanges has launched Peer to Peer Exchange (P2P) where users can buy and sell crypto directly to each other. Till the further order from authorities users will only be able to trade between multiple crypto assets on the exchanges listed below.
Top 12 Best Cryptocurrency Exchange In India
WazirX (Aquired by Binance)
WazirX is a newly launched cryptocurrency exchange, started trading from 8th March, aims to become the most trusted cryptocurrency exchange operating in India. It plans to launch a fully functional crypto exchange that will support different cryptocurrency pairs, WazirX has also introduced its own token, the WRX Coin, you can earn 100 Free WRX by joining this exchange. Recently, WazirX has been aquired by worlds largest exchange Binance. It offered a huge list of supported coins.
Founded in 2015, Paxful is a peer-to-peer exchange operating in India as well. It offers 300+ payment options to buy and sell cryptocurrency including Western Union, gift cards (Amazon, iTunes, Google Play), debit/credit cards and Paypal. It provides even local payments means such as PayTM and PhonePe for India. peer-to-peer. At Paxful you can trade between Ethereum, Litecoin, EOS, Cardano, Monero and including many new coins and also instantly get your bitcoin transferred directly to your wallet.
Remitano is a Seychelles based cryptocurrency exchange operating in 30+ countries including India. It is a simple and secure peer-to-peer exchange where users can buy, sell and trade their major cryptocurrencies including bitcoin. It offers an attractive user interface and a 24×7 support for the users. Available payment methods are bank transfer, cash deposit into the account, and mobile money. Remitano also offers Android and iOS application to access your account on the go.
Giottus is a new cryptocurrency exchange which also works with P2P model. They have quick KYC process and it’s mandatory for all users. For me, it takes around 5 minutes to clear the KYC requirement with a copy of PANCARD and ADHAR. Currently, this exchange supports a list of coins including Bitcoin, Ethereum, BCH, Ripple and Litecoin. They charge a flat fee of 0.25% for Buy orders while there is no fee for sell orders. Giottus platform is powered by a high-speed order matching engine capable of processing 50k transactions/second. They allow you to withdraw cash through Payments Gateways, NEFT, IMPS and RGTS.
Bitbns (think BITcoin Buy and Sell) is India based cryptocurrency exchange which was started by IIT graduates in 2017. After RBI ban P2P is the only way to buy and sell bitcoin. Few Indian exchanges including Bitbns are working with P2P model where users can directly buy and sell cryptocurrency in India directly. Users can start using Bitbns after completing their KYC.
CoinDCX is a crypto-to-crypto exchange as well a p2p crypto exchange, which offers crypto users freedom to legally buy, sell and trade cryptocurrencies in 100-plus available pairs in BTC/ETH. CoinDCX also launched a p2p exchange is also known as DCXInsta. Trading fee at this platform is 0.20% only. CoinDCX platform is available in both web application as well as a mobile app.
Coinswitch is an instant crypto exchange that helps users to trade between 400+ cryptocurrencies. It has a very simple and user-friendly interface. Users can also buy cryptocurrency on Coinswitch with their credit card.
Started in 2016, BuyUCoin in a multi-asset exchange still operating in India after the RBI ban. BuyUcoin is another of India’s market leader in the Cryptocurrency market. It provides an easy and trusted platform to buy, trade, store, and accept many cryptocurrencies like Bitcoin, Ethereum, Ethereum classic, List, NEM, Civic, Litecoin, Bitcoin Cash and many more.
- They charge 0% fee using OTC desk and minimal fee on trading.
- Stores 96% of your funds offline to provide unhackable security.
- Fial (INR) currency deposit and withdrawal sill on with P2P model.
LocalBitcoins is a peer-to-peer exchange for Bitcoins. It is a marketplace where you can buy and sell Bitcoins to and from another user of this site. Localbitcoin is a global p2p exchange where user can exchange their Bitcoins for fiat currency without ant intermediate channel. Read more on LocalBitcoins.
It works similar to the concept of Quickr classified in India, traders, create ads with the price and list the payment method they want to offer. You can browse LocalBitcoin for trade ads and find out listings with a payment method you want.
Founded in 2017 by the team of CrypDates, Colodax is a B2P (Broker to Peer) exchange enabling Indian traders to deposit and withdraw INR seamlessly. Brokers are high frequency traders affiliated to our exchange. Users will need to complete KYC to trade on our platform. Refer friends now to earn up to 10,000 NPXS tokens. You can trade top cryptocurrencies on Colodax like Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Litecoin (LTC) etc. Visit Exchange Website
Ethx.co is a platform that helps to buy the Ethereum and few other coins with the use of INR currencies. In this platform, you can easily trade the Ethereum, unlike another platform. where a buyer also needs a seller to perform the transaction. User can buy Ethereum directly on this platform without any wait.
Ethx.in is currently working on INVITE only mode for new registrations. You will be able to join only through an invitation of the existing user of the exchange. Normally, once apply for Signup, you will be in waitlist and your KYC verification may take a bit long time. CoinFunda have partnered with Ethx, we are sharing our Invite code to with our audience to set up an account on Ethx.in instantly.
- You will also get ETH worth Rs. 200 once you created an account with the link below.
- You will also get ETH worth Rs. 200 once you created an account here.
Currently, IRN deposit and withdrawal at hold. Only trading is allowed.
It is a renowned bitcoin company in India and is highly recommended for new bitcoin users due to its user-friendly interface and easy usage facility. An attractive thing of Unocoin is that updates are made periodically with the implementation of various additional features. It is an exclusive platform for those users who made bitcoin investments as a System Investment Plan (SIP). Here, the maximum investment amount is 50 k and the investments are often made on a monthly, weekly or daily basis. The mobile application provided by Unocoin supports the transaction of bitcoins through mobile phones. Download from App store.
Features of Unocoin:
- Provides security with the help of an option called ‘2-step authentication’.
- Sells bitcoin automatically.
- Offers ‘Over the counter trading’ or OTC trading.
- Offers a strong API integration facility for the purpose of bitcoin payments.
- Delivers human-readable bitcoin wallet addresses with the help of an option called ‘Netki’.
History of Unocoin:
Unocoin was launched in Bangalore on September 28 at the Global bitcoin conference. It has been started with an investment of about 1.5 million US dollars ($1.5 million) made by the US and Indian citizens. At the time of its start, it holds around 30 employees and 100,000 users totally.
Characteristics of SIP or System Investment Plan:
- It is a conservative methodology of acquiring bitcoins.
- It offers low risk and efficiently cuts down the financial expenses.
- It requires a fixed investment amount from the user at regular intervals.
Koinex (Closed) Koinex is the most advanced, popular and reliable exchange in India. It deals with multiple crypto currency pairs including USDT. Koinex is the first India exchange which offered Taker-Maker model in Indian crypto market at a small trading fee. Users can access Koinex platform through desktop as well as a mobile application. Koinex also launched P2P exchange where users can directly exchange, buy/sell their cryptos.
KoinOK (Closed) Launched a few days ago, KoinOK is a digit asset trading platform which offers users to buy and sell popular digital assets (cryptocurrencies) in an open order book. KoinOK trying to provide a one-stop solution for trading cryptocurrencies in India in a fast, easy and secure way. They are currently running in Beta mode and supported cryptocurrencies are Repple and Ethereum. Interview with KoinOk’s Founder
Coinome (Operations suspended) Backed by BillDesk, Coinome is one of the most trusted exchanges in this list and probably you can say one of the best. Bill desk is a popular payment collection gateway. Coinome is a place the whwere user can buy Bitcoin instantly truly as they offer E-KYC. Unlike other exchanges, their KYC is not manual. Buyer has to enter Aadhar number which will be instantly verified through OTM on your Adhar mentioned the mobile number. You can easily deposit money into Coinome through e-transfer. Coinome supports multiple crypto coins, the list includes Bitcoin, Ethereum, and Litecoin.
CoinDelta (Closed) CoinDelta is a relatively new exchange that offers to trade in multi-cryptocurrency. It is the first Indian exchange which provides multiple markets including ETH-INR, BTC-INR and LTC-BTC etc. Similar to other India exchanges they have strict KYC and you need to link your bank account before starting trading with CoinDelta. You can deposit INR in wallet via transfer (IMPS/ NEFT/RTGS). It charges a fee of Rs.20 for transfer per transaction. Currently, Coindetla supports Bitcoin, Ripple, Ethereum, Litecoin, Omisego, Qtum, and Bitcoin Cash.
Zebpay (Not supporting Indian traffic) Founded in 2015, Zebpay is the first and mobile app based Bitcoin exchange in India. Zebpay is headquartered in Singapore and has offices in various parts of India. Users can buy, sell, keep and spend their Bitcoin using Zebpay app secured by a 4-digit pin and a fingerprint(optional). As instructed by authorities, Zebpay follows strong KYC and AML policies. Visit Exchange site Features of Zebpay: User-friendly site. Performs verification process upon user registration. Support Bitcoin, Bitcoin Cash, and Litecoin.
We will keep this article updated once we find out any new cryptocurrency exchange in India. Please provide your feedback related to the above exchanges in the comment section below.