The cryptocurrency market in India is expanding rapidly, with millions of users entering the space every year. As digital assets gain mainstream traction, choosing the right crypto exchange has become more critical than ever. With a variety of platforms offering different features, fees, and security protocols, it’s essential to find one that aligns with your trading goals and local requirements.
In this comprehensive guide, we’ll explore the top crypto exchanges in India, evaluating them based on trading fees, supported cryptocurrencies, payment methods, security, and user experience. Whether you're a beginner or an experienced trader, this article will help you make an informed decision.
Top Crypto Exchanges in India
Below is a detailed comparison of the leading cryptocurrency exchanges serving Indian users:
Binance – Global Leader with Local Appeal
Binance stands out as the world’s largest cryptocurrency exchange and remains a top choice for Indian traders. Known for its vast selection of over 400 cryptocurrencies and advanced trading options like spot, margin, and futures trading (with up to 125x leverage), Binance offers unmatched versatility.
Indian users benefit from INR support via P2P transactions, making deposits and withdrawals seamless. The platform also supports Binance Coin (BNB), which provides fee discounts and access to exclusive features.
Key Features:
- INR Support via P2P: Direct trading between users using Indian Rupees.
- Binance Earn: Stake, save, or lend crypto to generate passive income.
- Low Trading Fees: 0.1% standard fee, reducible with BNB usage.
- Educational Resources: Extensive learning materials for beginners and experts.
Pros:
- Largest selection of tradable assets
- Competitive fees
- Advanced trading tools
- Strong global reputation
Cons:
- Regulatory uncertainty in India may affect long-term accessibility
👉 Discover how Binance empowers traders with powerful tools and low fees.
CoinDCX – Trusted Indian Crypto Platform
Launched in 2018, CoinDCX has emerged as one of India’s most trusted domestic exchanges. After overcoming initial regulatory hurdles, it became the country’s first crypto unicorn following a $90 million funding round.
With over 3.5 million users, CoinDCX emphasizes compliance, security, and education through its DCX Learn platform—a free resource hub covering blockchain basics, trading strategies, and market trends.
Key Features:
- Low Minimum Investment: Start with as little as INR 100.
- Futures & Margin Trading: Up to 6x margin and 15x futures leverage.
- Multi-Signature Cold Wallets: Enhanced fund protection.
- Regulatory Compliance: Registered with India’s Financial Intelligence Unit (FIU).
Pros:
- Beginner-friendly mobile app
- Strong focus on crypto literacy
- Robust security with BitGo insurance
- UPI and bank transfer support
Cons:
- Lower leverage compared to global platforms
Mudrex – Automated Crypto Investing Made Easy
Mudrex revolutionizes crypto trading by introducing automation tailored for Indian investors. Founded by IIT alumni, the platform allows users to deploy pre-built investment strategies or create custom ones without coding knowledge.
It partners with major exchanges like Binance and Coinbase, leveraging their liquidity while offering unique tools such as backtesting—allowing users to simulate strategy performance before going live.
Key Features:
- Pre-Built Strategies: Choose from risk-based portfolios (low, moderate, high).
- No-Code Strategy Builder: Design complex trading logic using technical indicators.
- Backtesting & Analytics: Optimize strategies using historical data.
- 100x Leverage: Available for futures trading.
Pros:
- Ideal for passive investors
- Powerful analytics suite
- Supports 350+ cryptos
Cons:
- Interface can be overwhelming for absolute beginners
👉 See how automated crypto strategies can simplify your investing journey.
CoinSwitch – Best App to Buy Crypto in India
CoinSwitch started as a crypto aggregator in 2017 and evolved into a full-fledged exchange after RBI’s banking restrictions were lifted. Today, it serves over 20 million users across India.
Rather than holding funds directly, CoinSwitch routes trades through trusted partner exchanges like Binance and Coinbase—ensuring secure transactions without compromising on speed.
Key Features:
- Aggregator Model: Finds the best market rates across multiple exchanges.
- CoinSwitch Kuber: Simplified interface for new investors.
- INR Integration: Seamless UPI and IMPS deposits.
- Real-Time Notifications: Stay updated on price movements.
Pros:
- User-friendly mobile app
- Supports 170+ cryptocurrencies
- FIU-compliant and regulated
Cons:
- Lacks advanced charting and order types
ZebPay – One of India’s Oldest & Most Secure Exchanges
Established in 2014, ZebPay is one of the earliest crypto exchanges in India. After a temporary shutdown due to regulatory pressure, it relaunched in 2020 with enhanced compliance measures.
Now operating globally across 100+ countries, ZebPay boasts over 6 million users and focuses heavily on security—storing 98% of funds in multi-signature cold wallets and offering digital asset insurance.
Key Features:
- Auto-Buy (SIP): Invest small amounts regularly to average costs.
- Lightning Network: Faster Bitcoin transactions at lower fees.
- Crypto Pack: Diversify investments across multiple coins instantly.
- Quick Trade Mode: Simple interface for beginners.
Pros:
- Multi-layered security architecture
- Strong compliance with Indian laws
- Long-standing market presence
Cons:
- Higher trading fees (up to 0.5%)
Unocoin – Pioneer of Indian Crypto Trading
Unocoin holds the distinction of being India’s first cryptocurrency exchange, launched in 2013 with a mission to educate users about Bitcoin. It introduced early innovations like P2P trading and Bitcoin POS solutions for businesses.
Today, Unocoin continues to serve over 2 million users with UPI integration and systematic investment plans (SIPs) for Bitcoin.
Key Features:
- P2P Marketplace: Trade directly with other users.
- Bitcoin SIPs: Dollar-cost averaging for long-term holders.
- Live Price Tracker: Real-time market updates.
- UPI Support: Instant deposits and withdrawals.
Pros:
- Deep understanding of Indian market needs
- Early advocate for crypto education
- Reliable referral rewards program
Cons:
- No leverage or derivatives trading
WazirX – Binance-Backed Indian Exchange
Acquired by Binance in 2019, WazirX combines global technology with local usability. It offers access to Binance’s deep liquidity while maintaining a dedicated INR trading ecosystem.
WazirX gained popularity during the RBI banking ban thanks to its robust P2P system. It also introduced innovative features like demo trading accounts and Smart Token Funds (STFs), where users can mirror expert traders’ portfolios.
Key Features:
- P2P Trading: Secure peer-to-peer INR transactions.
- Demo Account: Practice trading risk-free.
- Crypto Loans: Borrow fiat against your crypto holdings.
- QuickBuy: Instant purchases with INR.
Pros:
- Excellent beginner tools
- Educational webinars and workshops
- High liquidity
Cons:
- Fees higher than global counterparts
Bitbns – Feature-Rich Platform for Active Traders
Founded in 2017, Bitbns caters to both retail and advanced traders with tools like arbitrage detection, futures trading (4x leverage), and goal-based investing via Bitdroplet—a SIP-like feature.
With over 4 million users and support for 100+ cryptocurrencies, Bitbns emphasizes innovation and automation.
Key Features:
- Arbitrage Tool: Identify price differences across markets.
- Systematic Investment Plans (SIP): Regular micro-investments.
- Bitdroplet: Goal-oriented automated investing.
- INR Deposits via UPI & Bank Transfer
Pros:
- Unique arbitrage opportunities
- Strong toolset for active traders
- Localized payment options
Cons:
- No live chat support
How to Choose the Best Crypto Exchange in India
Selecting the right platform involves evaluating several key factors:
Security Measures
Ensure the exchange uses:
- Two-Factor Authentication (2FA)
- Cold storage for funds
- KYC/AML compliance
- Regular third-party audits
Regulatory Compliance
Choose platforms registered with India’s FIU and compliant with anti-money laundering regulations.
Payment Options
Look for seamless INR support via UPI, IMPS, NEFT, or P2P.
Customer Support
Responsive email or live chat support enhances user experience during technical issues.
👉 Compare top exchanges side-by-side and find your perfect match today.
Frequently Asked Questions (FAQs)
Q: Is crypto trading legal in India?
A: Yes, cryptocurrency trading is currently legal in India. While regulations are evolving, there are no outright bans. Platforms must comply with FIU registration and AML guidelines.
Q: Which exchange has the lowest fees in India?
A: Binance offers one of the lowest trading fees at 0.1%, which can be further reduced by using BNB tokens.
Q: Can I buy crypto with UPI in India?
A: Yes, several exchanges including CoinDCX, WazirX, and CoinSwitch support UPI for instant INR deposits and crypto purchases.
Q: What is the safest way to store crypto in India?
A: Use exchanges with multi-signature cold wallets and insurance coverage. For maximum safety, consider transferring large holdings to private hardware wallets.
Q: Are there tax implications for crypto gains in India?
A: Yes, India imposes a 30% tax on crypto profits along with a 1% TDS on transactions above certain thresholds. Always report earnings accurately.
Q: Can beginners trade crypto easily in India?
A: Absolutely. Platforms like CoinSwitch Kuber, WazirX QuickBuy, and ZebPay Auto-Buy are designed specifically for new investors with simple interfaces and guided processes.
Final Thoughts
Choosing the best crypto exchange in India depends on your individual needs—whether you prioritize low fees, ease of use, advanced tools, or regulatory compliance. Global giants like Binance offer depth and liquidity, while homegrown platforms like CoinDCX and ZebPay provide localized convenience and strong security.
No matter your level of experience, always prioritize safety, understand tax obligations, and start small when entering the market. With the right platform and knowledge, Indian investors can confidently participate in the future of finance.