Top Seven Crypto Exchanges in India

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The Indian market has many traders investing in digital coins. They believe in the market and expect it to grow in the near future. Although, the Indian government has not been that welcoming towards it. 

As the market is at an upsurge, so are the facilities related to it. Many Indian brokers and exchanges are offering their services to trade in cryptos. They can buy, sell and store the cryptos online easily. 

But crypto exchanges are best for the smooth execution of crypto trades. Therefore, we’ll be analysing the top seven crypto exchanges in India. 

Crypto Exchanges in India

India has many crypto exchanges coming up to support online trading. But, with so many available, it becomes difficult for traders to decide the best. 

Below we have the list of the seven most efficient cryptocurrency exchanges in India: 

WazirX

WazirX is a popular one in the crypto exchanges in India. The exchange is the largest in India, with a range of services. 

Many trust the exchange for the support it offers to its clients. 

The exchange began offering its services in 2018, with headquarters in Mumbai, India. Nischal Shetty is the founder of the crypto exchange. 

It has more than 2 million customers benefiting from its services. The straightforward interface, peer-to-peer network and NFT marketplace are its main features. In addition, the trading fees of the exchange are minimal. 

Clients have 0.2% trading fees for makers and takers. While the deposit and withdrawal are easy to execute with low fees. 

Withdrawal fees are 0.0006 BTC, and deposits are free. Thus, low charges for accessing the platform. 

Below are the pros and cons of WazirX: 

Pros:

  • Mobile app and desktop facility 
  • WRX token of WazirX for investors
  • Range of cryptocurrencies 
  • Easy to use payment methods 
  • User-friendly platform
  • Insurance services 

Cons:

  • Low liquidity on the platform 
  • High fee for withdrawal 

CoinSwitch Kuber

CoinSwitch Kuber has several marketing ads online, making it a popular platform. Many of us have come across such advertisements. 

The main attraction of the crypto exchange is its low capital required to begin trading. In addition, the exchange offers liquidity to the customers to trade successfully.

Starting in 2017, CoinSwitch currently provides more than 100 cryptocurrencies. Traders can easily invest in Bitcoin and other cryptos with the platform. 

It also has a mobile app to make the market more accessible. Moreover, the fee structure on the platform is comparatively low. There are no deposit or withdrawal fees. 

With that, it does not have trading fees for the first 100 days of the trade. After which, it charges a minimal fee of zero to 0.5%. 

Pros and cons of CoinSwitch Kuber are: 

Pros:

  • Instant deposits 
  • Various payment methods 
  • Ranges of cryptocurrencies 
  • Beginner-friendly platform 
  • Mobile app 
  • Tools and indicators 
  • Customer support 

Cons:

  • No day trading tools available 
  • No crypto-to-crypto trade

Zebpay

Zebpay is an Indian crypto exchange. Traders can buy, hold and sell Bitcoin and other cryptocurrencies online.

It is a simple to use trading platform with many facilities for clients. Many Indian investors trust Zebpay for its services. 

The advanced mobile app, crypto wallet, and the best tools make it the best in the market. In addition, traders can easily access the app to trade. 

It is best for novice traders as they can easily explore the platform. Moreover, it supports user-friendly trading. 

Trading fees at Zebpay is based on a maker and taker structure. The maker fee is 0.15% and the taker 0.25%. 

The deposit and withdrawal fees are low. Zebpay has a monthly membership fee of 0.0001 BTC. 

Here, we have the pros and cons of the exchange: 

Pros:

  • Low trading fees
  • Zebpay mobile app 
  • Quick payments 
  • Security 
  • Trading platform 
  • Customer support 
  • Tools and indicators 

Cons:

  • Membership fees
  • Fewer cryptocurrencies available 

Binance India

Binance is a global cryptocurrency exchange. It is the largest exchange in the world with a range of services. It began providing services in India in 2020. Since then, it has been a famous crypto exchange in India. 

The exchange has more than 600 cryptocurrencies to trade. Its robust platform is another attraction for traders. Traders can quickly register and open their accounts to trade.

Binance is the best peer-to-peer trading platform. Traders can easily invest and use the mobile app and other services for better investments. 

The fee structure of Binance is competitive. Thus, the trading fees are minimal as per the market. Moreover, traders can earn interest on the cryptos held in their wallets at the Binance exchange. 

Here, we have the features and drawbacks of Binance: 

Pros:

  • Competitive trading fees
  • Low commission 
  • P2P platform 
  • Mobile app 
  • Several cryptocurrencies 
  • Trading platform 
  • NFTs and staking

Cons:

  • Wild selection is confusing 
  • Less crypto-to-crypto currency pairs

BuyUCoin 

BuyUCoin is an Indian exchange known for its more than 130 crypto assets. Traders can have many options to choose from and trade on the platform. They can easily buy, hold and sell cryptocurrencies. 

The exchange has been active in India since 2016. It has more than 25000 customers using the services. Open to Indian traders, the exchange has a range of services to support traders. 

BuyUCoin has low trading fees and follows the maker and taker structure. Where the maker is the one who places orders, and the taker is the one who accepts the order. The trading fee is 0.24% for both maker and taker. 

While the deposit is free, withdrawal fees depend on the asset. Other than this, traders have the following pros and cons with BuyUCoin: 

Pros: 

  • Mobile app
  • Secure platform 
  • User-friendly 
  • Tax compliance
  • Customer support 
  • Low trading fees

Cons:

  • Technical problems in transactions 

Bitbns 

Bitbns crypto exchange is known for its services. It works under the ownership of Buyhatke Internet Private Limited. The exchange has more than 100 cryptocurrencies to offer its clients. 

They can easily buy, sell and hold cryptos on the platform. The prices for trade are real time market based. Traders can easily invest with the intuitive trading platform of Bitbns. 

The exchange was established in 2017. Currently, it has more than 1.2 million users and allows 24 hours trading. 

The trading fee of the exchange is 0.25%. With this, traders can have a margin trading facility with a 15% commission. 

Other than this, the deposit of funds is free, but withdrawals have fees of 0.005 BTC. 

The pros and cons of the platform are: 

Pros:

  • Easy-to-use interface 
  • Provides cryptos and tokens 
  • Quick withdrawals 
  • Low trading fees
  • Mobile app
  • Referral program 

Cons:

  • Uses Indian currency for fiat deposits

CoinDCX

CoinDCX is a 2018 crypto exchange platform. The exchange has more than 200 cryptocurrencies for traders. They can buy, sell and hold the coins online easily. The headquarter of the firm is in Mumbai. 

Traders can invest in single or multiple cryptocurrencies on the platform. Which is the best quality of the Indian exchange. This makes it simple for traders to have everything in a place. 

The customer support, cryptos, straightforward platform and range of services are an attraction of the exchange. 

The trading fees on the platform are minimum. It has a maker and taker structure, with taker 0.04% and maker 0.06%. 

It has low withdrawal charges of 0.001 BTC. Deposits are free on the platform. These all make it a success in India. 

Pros and cons of CoinDCX are: 

Pros:

  • Various crypto products 
  • Minimum trading costs 
  • Liquidity in trading 
  • Easy payment methods 
  • Margin trading 
  • Customer support 

Cons:

  • Requires verification for fiat currency conversion 

Conclusion

The market is improving every day with new technology. Which makes traders rely on the support of these crypto exchanges. The article talks about the top seven crypto exchanges in India. 

They can find the most suitable that supports their investment. One with a mobile app, low trading fees, conversion, and the best customer services. 

These seven have all the qualities that traders wish for. Although, with some drawbacks.