As an investor interested in cryptocurrency, you want an exchange that is secure, reputable, and easy to use as you learn the basics of trading digital assets. India has several cryptocurrency exchanges that meet these criteria and are ideal for beginners. This article covers the top five crypto exchanges in India to help you get started with confidence.
What to Look for in the Best Crypto Exchange in India
When choosing a cryptocurrency exchange in India, there are several factors to consider. Some of the most important factors in deciding the best cryptocurrency exchange in India are:
Security and Insurance
Look for an exchange that takes security seriously and insures user funds in case of theft or hacking. Exchanges should use offline cold storage for the majority of holdings, two-factor authentication, and other standard security practices. Be wary of any exchange that does not prioritize security or insure user funds.
Trading Fees
Trading fees, also known as commissions, can vary significantly between exchanges. Compare the fees structures of different exchanges to find one that suits your trading volume and style. Some exchanges charge higher fees for fiat currency deposits and withdrawals as well as crypto withdrawals.
Available Cryptocurrencies
The number of cryptocurrencies available to trade on an exchange can range from a handful to hundreds. Choose an exchange that offers a good selection of the cryptocurrencies you want to buy, sell, and trade. Major exchanges will offer most mainstream cryptocurrencies like Bitcoin, Ethereum, and Litecoin, but smaller exchanges may focus on certain niches.
Payment Methods
Exchanges vary in the payment methods they accept, such as bank transfers, credit/debit cards, e-wallets, and cryptocurrency. Make sure any exchange you choose accepts your preferred payment method for deposits and withdrawals to avoid hassle and extra fees.
By evaluating the security, fees, selection, and payment methods of various Indian crypto exchanges, you can determine which platform is the best and most trustworthy according to your needs. Do thorough research to find an exchange where you feel fully comfortable buying, selling, and trading digital assets.
Related Articles You May Also Like:
- Best decentralized cryptocurrency exchanges(DEX): For advanced users, trading on decentralized exchanges can be a good idea for better security of the funds, as the funds remain within their wallets only. It is not recommended for entry-level users.
- Best P2P crypto Exchanges: P2P exchanges are working on a peer-to-peer model where users transfer funds directly to a second party.
- Different types of cryptocurrency exchanges
Best Cryptocurrency Exchange In India | Top Indian Crypto Exchange
Based on the feature above, we have prepared a list of the best cryptocurrency exchanges in India so that you can choose the best crypto exchange to buy Bitcoin and other cryptocurrencies. Let’s start with the list of exchanges:
WazirX – The Most Popular Crypto Exchange in India
WazirX is a prominent cryptocurrency exchange in India. It was founded in 2018 by Nischal Shetty, Sameer Mhatre, and Siddharth Menon. WazirX provides a platform for users to buy, sell, and trade a wide range of cryptocurrencies. 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.
As India’s most popular cryptocurrency exchange, WazirX is an excellent choice for beginners. WazirX allows you to buy, sell, and trade a wide range of cryptocurrencies with Indian rupees (INR). To get started, you simply need to create an account, complete KYC verification, and fund your account using a credit or debit card, net banking, or UPI.
Low Fees And P2P
WazirX charges some of the lowest trading fees in India, with 0.2% maker/taker fees. They also do not charge any deposit or withdrawal fees for INR. it has a unique peer-to-peer (P2P) trading feature that facilitates direct transactions between buyers and sellers. The P2P platform allows users to trade cryptocurrencies using Indian Rupees (INR) without relying on traditional banking channels.
Simple Interface
The WazirX interface is clean and intuitive, making it easy to navigate for newcomers. You can view price charts, set buy and sell orders, see your transaction history, and more with just a few clicks.
Mobile App
WazirX offers mobile apps for both Android and iOS, so you can buy, sell, and trade crypto on the go. The mobile interface is very similar to the website, so you can switch between the two platforms seamlessly.
Security
WazirX uses industry-standard security measures to keep your funds and information safe. They store the majority of user funds in cold wallets, use SSL encryption, and two-factor authentication is available to log in.
Overall, WazirX is an excellent, beginner-friendly cryptocurrency exchange for those looking to get started with crypto in India. With competitive fees, an easy-to-use platform, and strong security, WazirX has everything you need to buy your first Bitcoin or other cryptocurrencies.
CoinDCX – A User-Friendly Indian Crypto Exchange
The CoinDCX platform in India is a user-friendly cryptocurrency exchange that also provides users with access to a Blockchain Wallet. The Coinbase Company has made a significant investment which has contributed to this platform becoming the most popular one for trading cryptocurrencies in India.
Popular and Easy To Use
CoinDCX is one of the most popular crypto exchanges in India, with over 2 million users. As an Indian exchange, CoinDCX accepts Indian rupees (INR) deposits and withdrawals, making it easy for beginners to buy and sell crypto. CoinDCX has an intuitive user interface that is simple to navigate. The dashboard provides an overview of the crypto market with charts displaying the prices and performance of major cryptocurrencies like Bitcoin, Ethereum, and Ripple.
For new crypto investors, CoinDCX provides educational resources to help you learn about different cryptocurrencies and how to analyze the crypto market. They offer video tutorials, crypto courses, and a blog with the latest crypto news and insights.
Low Fees
CoinDCX charges competitive fees, with 0% fees on INR deposits and withdrawals. Trading fees start at just 0.1% per trade. They frequently run promotional offers and trading fee discounts for new and active users.
Security
Security and compliance are top priorities for CoinDCX. They store 98% of digital assets in cold wallets and have insurance to protect funds. CoinDCX is also registered with SEBI as an investment product issuer, giving you peace of mind.
Supported Currencies
CoinDCX supports INR trading pairs for many popular cryptocurrencies. You can deposit INR and trade directly for crypto without first converting to USDT or another stablecoin. They have a good selection of coins including BTC, ETH, XRP, BCH, LTC, and more.
Overall, CoinDCX is an excellent choice for beginners in India looking to buy, sell and trade cryptocurrencies. With competitive fees, an easy-to-use platform, and strong security practices, CoinDCX makes getting started with crypto straightforward and safe. For a simple yet full-featured Indian crypto exchange, CoinDCX should be at the top of your list.
CoinSwitch Kuber – Best for New Crypto Investors
CoinSwitch Kuber is one of the best crypto exchange in India for new investors. As an Indian crypto exchange, CoinSwitch Kuber allows you to buy and sell over 100 cryptocurrencies with Indian Rupees (INR).
Simple and Easy to Use Interface
CoinSwitch Kuber has an intuitive user interface that is easy to navigate for beginners. You can easily view details about different coins, check charts to analyze price trends, and place buy or sell orders with just a few taps. The dashboard provides an overview of your portfolio performance, open orders, transaction history, and more.
Multiple Payment Options
CoinSwitch Kuber supports various payment methods for buying crypto including bank transfers, credit/debit cards, UPI, and wallets like Paytm and Google Pay. This makes it simple to add funds to your account so you can start trading quickly.
24/7 Customer Support
CoinSwitch Kuber provides 24-hour customer support to help new users. If you have any questions about how to buy, sell or trade crypto, the support team can assist you via phone, email or chat. They also have an extensive help center with tutorials and FAQs to help you learn.
Competitive Fees
CoinSwitch Kuber charges competitive fees for buying and selling crypto compared to other Indian exchanges. They do charge small fees for bank transfers and credit/debit card deposits which is common across exchanges. The platform itself is free to use for all investors with no hidden charges.
Overall, CoinSwitch Kuber is an excellent choice for beginners looking to invest in cryptocurrency in India. With a simple interface, multiple payment options, great customer support and low fees, you’ll have an easy time buying your first crypto assets.
ZebPay – Oldest and Trusted Indian Crypto Exchange
As one of the first crypto exchanges in India, ZebPay has earned the trust of over 3 million users. Founded in 2014, ZebPay offers a simple and secure platform for you to buy and sell major cryptocurrencies like Bitcoin, Ethereum, and Ripple.
Security and Payment Options
To get started with ZebPay, you will need to create an account and complete KYC verification by submitting proof of identity and address. ZebPay follows strict KYC and AML policies in line with Indian regulations. Once verified, you can deposit INR through net banking, UPI, NEFT, and RTGS to fund your ZebPay wallet.
Low Trading Fees
ZebPay charges a flat trading fee of 0.15% for all buy and sell orders. Deposits and withdrawals are free. ZebPay uses multi-sig cold wallets to store the majority of users’ funds for maximum security. Two-factor authentication and email confirmations provide additional account protection.
Easy To Use
The ZebPay platform is simple to navigate for first-time crypto buyers. You can place market orders or use the limit order book to buy and sell at your desired price. ZebPay also offers convenient features like recurring buys, price alerts, and the ability to schedule automatic buys or sells.
Mobile App
ZebPay’s mobile app for Android and iOS provides the same capabilities and level of security as the web platform. The app allows you to trade on the go and monitor your portfolio anytime. Overall, ZebPay is an ideal choice for beginners looking to buy their first cryptocurrency in India. With competitive fees, a trusted reputation, and an easy-to-use platform, ZebPay has everything you need to get started with crypto.
Bitbns – Popular Cryptocurrency Exhcange in India
Bitbns is one of the most popular crypto exchanges in India, especially for beginners. As an Indian crypto exchange, Bitbns allows users to buy and sell cryptocurrencies with Indian Rupees (INR) which removes the hassle of exchanging INR for USD to trade crypto.
Easy to Use Interface
Bitbns has an intuitive user interface that is simple to navigate for newcomers to crypto. The dashboard provides an overview of the current market with price charts, volume data and price alerts. Buying and selling crypto on Bitbns only takes a few clicks. They also have a dedicated support team to help new users get started.
Low Fees
Bitbns charges some of the lowest fees in India with a maximum trading fee of only 0.25%. Deposits and withdrawals are also very affordable with most options under 2 INR. These low fees make Bitbns ideal for beginners to start trading crypto without spending too much on fees.
Secure Platform
Security is a top priority for Bitbns. They use advanced encryption, 2FA authentication and cold wallet storage for the majority of crypto assets. Bitbns is also a self-regulated crypto exchange, following KYC/AML guidelines and has not experienced any major hacks or security breaches. This provides peace of mind for new crypto investors concerned with security.
Overall, Bitbns is an excellent choice for beginners looking to buy their first cryptocurrency in India. With competitive fees, an easy to use platform and strong security, you can start your crypto journey with confidence using Bitbns. Join over 3 million users and sign up for a free Bitbns account to get started trading today.
Conclusion
As a beginner in the world of cryptocurrency, selecting a trusted exchange is one of the most important decisions you will make. The exchanges reviewed offer an easy on-ramp to get started with crypto in a safe and regulated environment. WazirX, and CoinDCX are among the best crypto exchanges in India that were covered in this article. By comparing fees, security, liquidity and other factors, you now have the information to choose which Indian crypto exchange works best for your needs.
