Indian investors who preferred conventional investment choices for growing their money have started shifting heavily towards trading in virtual currencies. Also, with cryptocurrencies like Bitcoin, Ethereum and Dogecoin creating ripples in the global market, Indian investors too want to have a share of this fortune. However, the cryptocurrency world is still unregulated and is in its development phase. So it is essential to distinguish between fraud and genuine cryptocurrency exchanges so that you as an investor do not lose your hard-earned money. To help you choose the Top 10 Best Cryptocurrency Exchanges In India, we have curated a list of top crypto exchanges taking factors like safety, trading features, platform availability, tradable cryptocurrencies, trading fees and other important characteristics into consideration.
What Is A Cryptocurrency Exchange And How Does It Work?
Can we use cryptocurrency in India? Yes, we can and the best place to trade it is at a trustworthy and user-friendly cryptocurrency exchange. A cryptocurrency exchange is similar to a stock exchange. It helps to buy, trade or sell digital currencies like Bitcoin, Ethereum, etc. using a mobile app or a website. These platforms provide many investing and trading tools to their users. The crypto exchanges provide trading of many cryptocurrencies, future and options trading, lending or margin trading etc. To provide numerous offerings, these platforms charge a fee for the transactions which are dependent on the kind of trade or the volume of the transaction.
When you create an account with an exchange they help you buy or sell cryptocurrencies by matching the buyers and sellers. If you as a user want to place trades, you have to register and complete the KYC depending on the platform. Once that is done and the account is verified, the user can transfer funds and start trading in cryptocurrencies.
What To Look For When Choosing A Crypto Exchange?
Choosing a good crypto exchange in India is an important decision to make. Apart from choosing a platform that suits your needs, you should prioritize security and reliability along with several other factors:
- Supported coins: The best cryptocurrency exchange will provide a huge selection of coins to trade enabling you to get maximum profits while trading in a variety of crypto assets.
- Fees: Every exchange charges the same fee, but it varies for every sale and they may cut into your revenue. A transaction fee of upto 0.2% is charged on most platforms but you should also check the balance transfer, withdrawal, trading and deposit fees.
- User Interface: It should be easy to use and navigate so that trading becomes easy. Plus it should not be susceptible to hacking and theft and it should be safe and secure.
- Regulation: The exchange you use should be regulated so that it is safe to use.
- Deposit and Withdrawl: The platform should accept various payment options to make withdrawals and deposits easy.
- Security: It is best to use crypto exchanges that have multiple security layers like two-factor authentication. It should also have a cold storage of more than 95%.
- Customer support: The platform should have dedicated customer support so that your queries get answered.
Our article primarily focuses on the best crypto exchange in india for beginners who are just starting to grasp the world of cryptocurrency.
List Of Top 10 Best Cryptocurrency Exchanges In India
Fintech companies are known for their innovation. Crypto exchanges developed by these companies are robust, secure, and user-friendly and come with many new products and features to enhance the overall user experience. Here is a list of such top 10 best cryptocurrency exchanges that will help compare the popular crypto exchange in India.
1. Binance
It is one of the biggest crypto exchanges in the world in terms of trade volume. When you use Binance’s crypto token, BNB the trading fee is reduced by 25%. It supports a wide range of cryptocurrencies and the company has a US $1 billion insurance fund so offers reliability in an uncertain crypto market. It is a trusted exchange with a secure asset fund for users, personalized access control and advanced data encryption. Binance comes with an NFT marketplace and also provides services like yield farming, lending and staking services.
Founder And History
It was founded by Changpeng Zhao in 2017. It was launched in China and then the headquarters was moved to Singapore as the Chinese government made stringent regulations on cryptocurrency. In 2005, Xhao founded Fusions Systems which built trading systems of high-frequency for stockbrokers. He then worked in OKCoin a spot trading platform as CTO and in 2017 he along with Yi He cofounded Binance.
Location
It is headquartered in Singapore
Minimum Investment
Rs 100
Trading Fees (Maker/Taker)
0.1%/0.1%
Cryptos Available
350+ Cryptocurrencies
Best For
Experienced Traders as there are many advanced options including automated trade, charting, etc.
Features
- Low-margin trading fees
- Instant Verification of account
- Ideal for Newbies and experts
- 95% cold storage for extra security of cryptos
Website
App
Appstore: https://apps.apple.com/hk/app/binance/id1436799971?l=en
PlayStore: https://play.google.com/store/apps/details?id=com.binance.dev
Online Presence
2. KuCoin
It is one of the largest cryptocurrency exchanges in the world where you can trade, buy or sell cryptocurrencies. It provides a feature-rich, safe and easy-to-use platform with a comprehensive range of digital currencies at a low fee. It also has an impressive range of new altcoins which is why it is best for those looking to invest in emerging altcoins. Buying these KuCoin is easy as all you need is an account on this platform compared to others where you have to buy them through a decentralized exchange. Apart from the basic trading features, it offers peer-to-peer trading, futures and margin trading options. It is a great choice for Indian investors who trade frequently.
Founder And History
KuCoin was launched in 2017. It was founded by Linda Lin, Micheal Gan, Top Lan, Kent Li, Eric Fon and Jack Zhu. Behind the launch of this company are tech geeks who were adopters of blockchain earlier than others. Micheal Gan started to mine BTC when he go to know about Bitcoin and then when he tried to sell he found that it for difficult for newbies to use. As the blockchain popularity increased, the founders thought that it should not be limited to only a few rich people but to everyone. With this intention they started a People’s exchange which allowed everyone to use crypto.
Location
It is headquartered in Seychelles
Minimum Investment
Rs 82 or $1
Trading Fees (Maker/Taker)
Maker: 0.005-0.1%
Taker: 0.02-0.1%
Cryptos Available
700+ Cryptocurrencies
Best For
All types of users and is called People’s exchange for a reason as it is easy to use for all.
Features
- Supports trading in NFT, BTC, XRP, USDT,BTC, ADA
- Discounted trading fees when KCS (Kucoin token) is used
- Setting up account is easy
- Offers staking
- Secured Kucoin crypto assets
- Secure platform with features like trading passwords, ID verification and anti-phishing phrases.
- Multiple transaction methods
- Low transaction fee
Website
App
Appstore: https://apps.apple.com/US/app/id1378956601?mt=8
PlayStore: https://play.google.com/store/apps/details?id=com.kubi.kucoin&referrer=af_tranid%3D7Xj40ZIGlV4wivb50jwkkA%26c%3D%E5%AE%98%E7%BD%91%E4%B8%8B%E8%BD%BD%E9%A1%B5%E9%9D%A2GP%26pid%3D%E5%AE%98%E7%BD%91%E4%B8%8B%E8%BD%BD%E9%A1%B5%E9%9D%A2GP
Online Presence
3. Kraken India
Kraken is one of the first Bitcoin cryptocurrency exchanges to appear on Bloomberg Terminal. It is a well-established platform that made its entry into the Indian market a few years ago. The USP of this exchange is that all the important global offerings are also available in India. It allows customers to do margin and spot trading too. It has an impressive and powerful user interface with advanced features. There is a dedicated tool for trading and tracking digital currencies. Kraken India offers various services like price alerts, market trend monitoring, notifications, etc.
Founder And History
Kraken was launched in 2011 by Jesse Powell along with Micheal Gronager and Thanh Luu. Powell was working as a consultant for a Bitcoin Exchange called Mt Gox to solve security issues. He soon began working on Karken anticipating that Gox would collapse. In 2013 after Gox was shelved, the Kraken platform was launched offering Bitcoin and Litecoin after which the company added more currencies. In 2014, the company got more investment and it became one of the first Bitcoin exchanges to appear on Bloomberg Terminal. In 2020, Kraken India was launched seeing the massive potential in Indian investors.
Location
Kraken is headquartered in California, United States
Minimum Investment
$10 or INR 820
Trading Fees (Maker/Taker)
Maker: 0.00-0.16%
Taker: 0.10-0.26%
Cryptos Available
200+ Cryptocurrencies
Best For
Both beginners as well as experienced and advanced users. Kraken Pro is made for advanced traders and comes with charting and trading tools. It is also ideal for those who want to use a global crypto exchange.
Features
- A tool for trading and tracking cryptocurrencies called Cryptowatch
- Allows margin trading
- Supports many fiat currencies like AUD, USD, GBP, etc
- Supports cryptos like LTC, ETH, ADA, etc
- Offers good security features like 2FA, SSL encryption, API Key permission that is precise, cold storage, etc.
- Powerful Interface
Website
App
Appstore: https://apps.apple.com/us/app/id1481947260?_branch_match_id=1230366888576322700&utm_source=kraken.com&utm_campaign=homepage%2Bhero&utm_medium=kraken%2Binternal&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXzy5KzE7N00ssKNDLyczL1s%2FIz03VzUgtytfNzC8GAFoVMsAlAAAA
PlayStore: https://play.google.com/store/apps/details?id=com.kraken.invest.app&_branch_match_id=1230366888576322700&utm_source=kraken.com&utm_campaign=homepage%2Bhero&utm_medium=kraken%2Binternal&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXzy5KzE7N00ssKNDLyczL1s%2FIz03VzUgtytdNzEspys9MAQB1gCO%2FKQAAAA%3D%3D
Online Presence
4. Bybit
It is one of the leading crypto derivative exchanges which offers access to popular cryptocurrencies. It also offers a variety of trading options ranging from future contracts to perpetual contracts that use stablecoins like USDC and USDT as collateral to contracts that use tokens or coins as collateral. In addition to that, it also offers instant buys and spot markets for trading in many crypto products. It is a universal platform for bidding, purchasing, and minting of NFTs making it an attractive choice for those who want to try the NFT market. Bybit also optimises trading efficiency by using the tried and tested strategies of experienced traders.
Founder And History
Ben Zhou is the founder of Bybit which was launched in 2018. Zhou got attracted to the world of crypto in 2016 after learning about blockchain technology. He researched the crypto market and began making video reviews of projects and also to increase his knowledge of crypto. Soon Zhou created a platform with easy-to-use tools so that everyone could invest and trade like a professional.
Location
Bybit is headquartered in Dubai, UAE
Minimum Investment
$5 or INR 413
Trading Fees (Maker/Taker)
Maker: 0.00-0.20%
Taker: 0.10-0.55%
Cryptos Available
250+ Cryptocurrencies
Best For
It is best for those who want to do derivative trading. This derivative exchange platform is best for non-US traders who want to use derivative and margins.
Features
- Offers many trading options
- Good Asset Management System
- Easy Transactions and real-time alerts
- Copy Trading
- Trade with 100 times more leverage
- Multi-sig cold storage
Website
App
Appstore: https://apps.apple.com/us/app/bybit-buy-trade-crypto/id1488296980
PlayStore: https://play.google.com/store/search?q=bybit&c=apps
Online Presence
5. Okx
Okx is one of the largest global crypto exchanges in terms of trading volumes and is a leading web ecosystem. It has over 50 million trusted users and is one of the most reliable trading apps for investors across the globe. You can buy, sell ot trade from over 350 tokens and local currencies in a single click. It also comes with a wallet and a host of services and products. OKX has a simple trading platform where beginners, as well as expert traders, can trade easily. It is also a great choice for those who want to trade at low exchange fees.
Founder And History
The company was founded by Star Xu in 2017. The company was founded with the intention of providing a regulatory framework that is sound and stable for digital asset exchanges and blockchain businesses.
Location
Okxis headquartered in Seychelles.
Minimum Investment
$5 or INR 413
Trading Fees (Maker/Taker)
Maker: 0.08%
Taker: 0.1%
Cryptos Available
300+ Cryptocurrencies
Best For
Beginners as well as expert cryptocurrency traders to hold, exchange or buy popular digital assets at low trading fees.
Features
- Easy to use exchange interface
- Uncomplicated exchange features
- Vast educational resources like tutorials, analysis and trading ideas
- Supports diverse digital assets
- Trade with many fiat currencies like AUD, EUR, USD, etc.
- Deposit or withdraw directly into a bank account.
Website
App
Appstore: https://apps.apple.com/us/app/okx-buy-bitcoin-eth-crypto/id1327268470
PlayStore: https://play.google.com/store/search?q=okx&c=apps
Online Presence
6. PlatinX Exchange
PlatinX Exchange is a leading cryptocurrency exchange platform that is made in India and empowers people to trade in many popular cryptocurrencies. It is a platform that is easy to use as it is user-friendly and comes with a host of features along with the best customer support. It is considered one of the most reliable and credible platforms as per customer reviews and has a strong security system. It offers advanced encryption and multiple layers of authentication making it one of the most secure platforms in India. The other advantage of PlatinX is the low trading fee which allows to maximize profits.
Founder And History
It is a startup that was founded in 2021. Amritesh Tiwari, Neeraj Aggarwal, Luv Bansal and MS Singh are the founders of this company. It was found with a vision to fasten the crytocurresncy adoption and grow the ecosystem. There are many exchanges in India that offer their services, but there is a gap in services. To address these gaps and lack of quality platform for trading, the company took birth. It is backed by expert blockchain developers who have worked hard to give an unbiased and transparent platform.
Location
Platinx is headquartered in New Delhi, India.
Minimum Investment
NA
Trading Fees (Maker/Taker)
Maker: 0.1%
Taker: 0.1%
Cryptos Available
100+ Cryptocurrencies
Best For
Beginners as well as expert cryptocurrency traders to hold, exchange or buy popular digital assets at low trading fees.
Features
- Fast Transactions
- Secure and stable platform
- Coin Exchange
- Supports diverse digital assets
- Based on blockchain technology
- Peer-Peer Network
- Complete Transparency
Website
App
Appstore: https://apps.apple.com/in/app/platinx/id1637866256
PlayStore: https://play.google.com/store/search?q=platinx&c=apps
Online Presence
7. Giottus
Giottus is a cryptocurrency exchange platform that offers a convenient and secure way to trade in digital currencies in India. It offers multilingual features and supports upto 20 languages making it ideal for Indians who are uncomfortable in English. It allows users to trade, invest and earn through many instruments and offers FDs, SIPs and creating a basket for themed coins. The users can also earn rewards from various schemes which enables them to earn tokens. It has a staking feature which helps users earn passive income from digital coins.
Founder And History
It was founded in 2017 by Arjun and Vikram who are IIM Calcutta Alumni. They were cryptocurrency and blockchain enthusiasts who realized that the current innovations are just the tip of the iceberg and actual success is dependent on how the masses accept it. They found the company with the belief that exchanges should be customer-centric and similar to Google and Amazon. It should be a platform that everyone should be able to use. They are on a mission to protect the digital assets as well as the customers by providing a trustworthy and reliable platform.
Location
It is headquartered in Chennai, Tamil Nadu.
Minimum Investment
Rs 100
Trading Fees (Maker/Taker)
Maker: 0.3-0.4%
Taker: 0.3-0.4%
Cryptos Available
150+ Cryptocurrencies
Best For
Beginners as well as expert cryptocurrency traders to do crypto skating.
Features
- Supports INR as a fiat currency
- Skating available
- IMPS, NEFT and RTGS deposits
- Interactive interface for trading
- Advanced features of investments through SIP.
- Interest rate of upto 25% on FDs of cryptocurrencies
- Multiple languages like Telugu, Hindi, Bengali, etc
Website
App
Appstore: https://apps.apple.com/us/app/giottus-app/id1537068185
PlayStore: https://play.google.com/store/apps/details?id=com.giottus.giottus_mobile
Online Presence
8. Unocoin
Unocoin is an exchange platform that is user-friendly and offers a secure way for newbies to trade, buy or sell cryptocurrencies. It comes with step-by-step guides and an intuitive interface making it a great option who want to explore the world of crypto. Unocoin is one of the oldest and leading exchanges for storing Bitcoin and other popular digital currencies. It also provides a range of benefits and features including advanced two-factor authentication, robust trading engine and SSL encryption. The users get bonus Bitcoins on signup and also rewards on trading fees making it one of the useful cryptocurrency exchange platforms for Indians.
Founder And History
The company was founded in 2013 by Sathvik Vishwanath, Abhinand Kasetu, Harish BV and Sunny Ray. It is among the first crypto assets exchange platforms in India and was launched when there were no reliable platforms to sell or buy Bitcoins. The founders saw that people were interested in trading but did not have any trusted platforms, seeing this gap the founders started Unocoin.
Location
It is headquartered in Tumkur, Karnataka.
Minimum Investment
Rs 1000
Trading Fees (Maker/Taker)
Maker: 0
Taker: 0.3%
Cryptos Available
80+ Cryptocurrencies
Best For
Best for millennials and new age users.
Features
- Unique SBP, systematic buying plan for Ethereum and Bitcoin for as low as Rs 10
- Lending feature for OTC trade in bulk trading
- IMPS, NEFT and RTGS deposits
- Bitcoin can be used for recharging mobile or DTH
- Advanced features like crypto basket to diversify portfolio
- Gold member accounts can enjoy lower transaction fees and high selling and buying limits.
Website
App
Appstore: https://apps.apple.com/us/app/unocoin/id1030422972?ls=1
PlayStore: https://play.google.com/store/apps/details?id=com.unocoin.unocoinwallet
Online Presence
9. Mudrex
Mudrex is one of the popular cryptocurrency platforms for investments that empower users to invest safely in digital assets. They have used the latest technology to build tools and also use expert insights to create a platform that is secure to manage all crypto investments. The company provides an array of products and features to help in passive income as well as the creation of long-term wealth. The ultimate goal of Mudrex is to help users reach their financial goals. They aim to become the go-to platform for digital currency investing and have so far seem to have achieved their objective going by user reviews.
Founder And History
The company was founded by Rohit Goyal, and Snehil Buxy in 2018. During the Mudrex ideation phase, the team spoke to many cryptocurrency users and got to know that automating trading is the best move. They then worked to understand the pain areas and created a product that solved their problems. They also found that, unlike stock markets, the crypto market is always open. They also found that automating it was a challenge as there were no good strategies and also the crypto world is scammy. They work hard to build a reliable, scalable and trustworthy platform that helps people grow their money.
Location
It is headquartered in San Francisco, US.
Minimum Investment
$5
Trading Fees (Maker/Taker)
0.2% on transactions
Cryptos Available
150+ Cryptocurrencies
Best For
Best for beginners as well as experts
Features
- Thematic crypto baskets called Valult, Coin Sets and Individual coins
- Reliable customer support and knowledge base
- Intuitive and easy UI
- Generate long-term wealth
- Crypto baskets managed by experts
- Setup algorithmic trading strategies without writing code
- Easy deposits
Website
App
Appstore: https://apps.apple.com/in/app/mudrex-easy-crypto-investing/id1609440707
PlayStore: https://play.google.com/store/apps/details?id=com.mudrexmobile
Online Presence
10. Wazirx
Wazirx is one of the biggest centralized cryptocurrency exchanges in India and is a popular choice among Indians who want to trade, buy or sell cryptocurrencies easily. The platform hosts over 6 million registered users and has a trading volume of $5 billion every month. It is one of the most popular and among the best overall crypto exchange platforms with a user-friendly interface. It comes with high liquidity auto-matching P2P. Wazirx offer a unique Smart Token Funds, STF that allows users access to expert traders who can manage the digital assets. It also has other features like airdrops, token mining and referral programs. It is a great choice for all users who want to trade securely, easily and conveniently.
Founder And History
Wazirx was founded by Nischal Shetty, Sameer Hanuman Mhatre and Siddharth Memon in 2017. Nischal Sheety the brain behind the company is a blockchain enthusiast and a serial entrepreneur. His mission was to make cryptos accessible to every Indian. He started the company as he saw great potential in this market and wanted to provide a reliable platform for people to trade in them. Nischal along with the team worked through many challenges and obstacles and fulfilled the dream of developing the first cryptocurrency exchange in India.
Location
It is headquartered in Vashi, Maharashtra.
Minimum Investment
Rs 100
Trading Fees (Maker/Taker)
Maker: 0.2%
Taker: 0.2%
Cryptos Available
200+ Cryptocurrencies
Best For
Novice and Intermediate Traders.
Features
- Enables users to invest in INR, Bitcoin, and P2P transactions
- Has its own digital currency, WRX which can be purchased with INR and exchanged with other cryptocurrencies like Ethereum, Bitcoin or Dogecoin.
- A mobile app that is fully loaded with advanced features like live market status, detailed charts, and quick sell/buy options.
- To help investors there are facilities like STF, a small token fund.
- Manage portfolio with expert traders
- Lightning network to make fast payments
- Multi-signature wallet system with superior security
Website
App
Appstore: https://apps.apple.com/in/app/wazirx/id1349082789
PlayStore: https://play.google.com/store/apps/details?id=com.wrx.wazirx&referrer=utm_source%3DWazirX%2520Desktop%26utm_medium%Hero%2520Image%26utm_term%3DDownload%2520App
Online Presence
How To Open A Crypto Exchange Account?
Opening a crypto exchange account is quite simple once you choose the crypto exchange platform. Sign up in the portal or app by adding your details. You will then receive a login ID and password for the same. Use that and login to the portal or app and upload your KYC documents to get it verified. Once the verification is done, you can add money to the account and start trading. The entrie process of creating an account is easy and varies based on the currency exchange you choose to register.
Crypto Wallet Vs Crypto Exchange
A crypto exchange and a crypto wallet are two different things serving two different purposes.
A crypto wallet is used for storing, sending and receiving cryptocurrencies and is a digital wallet to store your assets. You have control over your digital money and private keys are needed for accessing it. There are many types of wallets and you can choose from paper, software or hardware wallets. These are ideal for long-term storage of cryptocurrencies.
A crypto exchange is a platform where investors can trade, buy, sell or convert currencies. Your assets are stored on the platform and you have no direct control over the private keys. The security provided on each platform varies While most have robust security, they are still susceptible to hacks. When it comes to transactions, you can place market orders, stop orders, etc. They give access to liquidity making it easy to buy or sell cryptocurrencies.
In summary, a cryptocurrency wallet offers better control of your digital assets and is a safe long-term storage place whereas a crypto exchange is a digital marketplace for trading, buying or selling cryptocurrencies.
Crypto Exchange: Trending Investment Platform For Tech-Savvy Indians
If you are looking for ways to make passive money, cryptocurrency is a great choice as you can trade in digital currencies from home using mobile apps. The above list of cryptocurrency exchanges are some of the best, selected based on several important criteria, and are currently the best in the business. So happy cryptocurrency trading!