If you are searching for the best safe and secure crypto exchange that’s easy to understand, supports the Indian currency, and is compatible with the largest financial institutions in India, then this article is for you.
This article will discuss the best crypto trading platform in India, its features, costs, and the investor it is best for.
KEY TAKEAWAYS
• You will find a list of the best crypto trading platform in India
• Each crypto exchange has a special recommendation for the investor/trader the exchange is best for
• The features and costs of the listed crypto exchanges
• Answers to some frequently asked questions on cryptocurrency exchanges in India
10 Best Crypto Trading Platforms In India
The cryptocurrency exchange people choose matters. People’s choices will impact how profitable their crypto trades are, how easily they can buy and sell cryptocurrencies, and whether they can use them in India.
Below is a list of the best cryptocurrency trading platforms you will find in India.
1. CoinDCX
The CoinDCX exchange is a beginner-friendly Indian cryptocurrency exchange that supports over 100 cryptocurrencies. They maintain a 95 percent (%) cold storage policy, which keeps crypto safe and secure.
Bitgo insures customer accounts, so people will be reimbursed for losses if CoinDCX ever experiences a security breach.
The platform charge cryptocurrency trading fees of 0.10 percent (%) and a fairly hefty withdrawal amount of 0.001 BTC (~₹4,400) for each BTC. With that said, the platform fee on UPI deposits is quite low.
People must first deposit money in INR or crypto to trade with this exchange. The platform accepts bank transfers, NEFT/RTGS, IMPS, net banking, and UPI for payments. To withdraw funds in INR, people can send a bank transfer directly.
Features
• Supports over 100 cryptocurrencies
• Quick account verification
• 95 percent (%) cold storage policy
Cost
• Trading fees are 0.10%
• Deposit fees are 0%
• Withdrawal fees is 0.001 BTC (~₹4,400) for each BTC
Best For
The platform is best for Investors looking to buy and hold cryptos for long periods.
2. Unocoin
The Unocoin exchange is one of India’s oldest crypto exchanges. The exchange offers a device-independent cryptocurrency trading platform with over a million users through its mobile app, including a hardware wallet.
Most of the traders’ cryptocurrency assets are kept in cold storage vaults.The Unocoin exchange enables two-factor authentication and fingerprint protection for its mobile app.
The platform charges a 0.7 percent fee on Bitcoin transactions, but it lowers to 0.5 percent once people have achieved gold membership status. When withdrawing funds, the exchange assesses a fee of 0.0005 BTC for each Bitcoin (~₹2,200).
Features
• High trading fees
• High withdrawal fees
• India’s oldest cryptocurrency exchange
Cost
• Trading fees are 0.70%
• Deposit fees are 0%
• Withdrawal fees is 0.001 BTC (~₹4,400) per BTC
Best For
The platform is best for new traders looking for a starting point in cryptocurrencies.
3. CoinSmart
The CoinSmart exchange offers very low trading fees: just 0.2 percent (%). It supports 16 cryptos, verifies accounts instantly, prides itself on its helpful customer support, and has a well-rated app.
The exchange is regulated by many Canadian financial authorities, which keeps people’s money safe and secure.
The exchange is also a publicly-traded company on Toronto’s NEO stock exchange, which means they are subject to 3rd-party financial and security audits once per year.
Features
• Instant verification of account
• Supports 16 cryptos
• Immediate withdrawals and deposits
• User-friendly for beginners and advanced traders
• The platform offers extremely low trading fees (just 0.20% for each trade)
• 24/7 customer service available via email, live chat, and phone
• 95% cold storage policy keeps crypto extra secure
Cost
• Account Opening is Free
• Trading Fees start from 0.20%
Best For
The exchange is best for Investors looking to trade altcoins or stablecoins with the industry’s lowest fees.
4. WazirX
The WazirX exchange was founded by 3 friends to simplify crypto investing for the masses. They are based in Bangalore and currently support over 50 cryptocurrencies.
Crypto trading with this exchange costs 0.10%. Don’t be swayed by the low number, though: buying cryptocurrency with WazirX will cost people much more than it does with the Capital exchange since their spreads aren’t nearly as low.
The exchange offers good customer support through live chat, and user accounts are verified within 2 to 4 hours.
Most cryptocurrency exchanges require users to trade every altcoin first with a stablecoin; the WazirX exchange allows users to trade altcoins directly, minimizing fees and boosting people’s profits.
And people are buying real crypto with WazirX, which means they can move it on and off the platform whenever they want.
Features
• Supports over 50 cryptocurrencies
• Lowest trading fees in the industry (0.10% for each trade)
• Account verification in 2 to 4 hours
• Start with as little as ₹100
• Trade all altcoins directly
• Immediate deposits/withdrawals
• User-friendly for beginners and advanced traders
• Extremely tight security policies keep digital assets extra secure
• 24/7 customer service available through live chat
Cost
• Trading Fees are 0.10%
Best For
The crypto exchange is best for Investors looking to trade altcoins and stablecoins with the industry’s lowest fees.
5. CoinSwitch
The CoinSwitch exchange has been a mainstay in the Indian cryptocurrency market for a while now. It supports over 80 cryptocurrencies, prides itself on responding to customer service/ support emails within 15 minutes, and has a well-rated mobile application.
The CoinSwitch platform doesn’t charge any crypto trading fees. That’s because the platform is a non-custodial exchange, which means it doesn’t hold any cryptocurrency or user funds.
Instead, CoinSwitch acts as a go-between that allows people to buy through other cryptocurrency exchanges easily and at excellent prices.
It is a great benefit and downfall of the CoinSwitch exchange: it makes buying cryptocurrency easy, but people don’t get all of the benefits of a regular exchange.
Features
• Offers Zero trading fees
• Easy to use for beginners/advanced traders
• Start with as little as ₹100
• Supports over 80 cryptocurrencies
• Extremely fast customer service
• Powerful mobile application
• Never hold user crypto or funds
Cost
• Zero trading fees
Best For
The exchange is best for Investors looking to trade altcoins with a cryptocurrency exchange that never touches their funds.
6. Capital
The Capital exchange allows users to trade cryptocurrency alongside stocks, forex, commodities, market indices, ETFs, and more without paying trading fees. The exchange supports over 100 cryptocurrencies, and people can trade with 2x leverage on cryptocurrency.
The exchange charges a tight spread ranging from 0.1– 0.3 percent (%), making the platform’s cost very low. Capital has a fully functional desktop platform, a well-rated mobile application, and an excellent demo account where people can practice trading with real assets in real time.
The Capital exchange is licensed by the ASIC (Australian Securities and Investments Commission) and the FCA (Financial Conduct Authority) in the UK, which means the exchange is a safe, secure platform.
Every user of this platform receives a dedicated account manager they can reach by phone or phone anytime, which is part of why the customer support team receives many positive reviews.
Withdrawals and deposits are always free, and people will never pay trading commissions regardless of whether they place spot orders or limit orders.
Features
• Allows up to 500x leverage
• Fully functional demo account for paper trading
• Good desktop trading platform
• Well-rated mobile app
• Licensed by the ASIC
• The platform offers zero trading commissions
• Tight spreads
• Supports cryptocurrencies
• Free withdrawals and deposits via credit /debit cards, bank transfer, PayPal, Apple Pay, POLi, etc.
• Dedicated account manager people can reach at any time
Cost
• Spreads start from 0.1% – 0.3%
• Trading fees are 0%
• Deposits & Withdrawals are Free
Best For
The platform is best for Investors looking for the best crypto trading experience with no trading commissions.
7. LocalBitcoins
The LocalBitcoins platform takes a different approach than most other exchanges on this list. Rather than the platform trading with the broader market, people buy and sell with individual traders.
The platform has earned a loyal user base for its ease of use, and the exchange is one of the oldest crypto marketplaces today.
Since people are trading with other people, not with the LocalBitcoins platform itself, it’s easy to get their account verified and start making trades.
The exchange users need to proceed cautiously; it’s possible to get scammed by other people on the site, especially when selling crypto for cash.
Features
• Easy-to-use platform
• Very easy to start trading crypto
• Low transaction fees
• Deposit Canadian dollars via INTERAC e-transfer, Moneygram, Wise, PayPal, bank transfer, ATM deposit, and more
• Helpful customer support
Cost
• Trading fee is 0.00006 BTC (~ CAD 4) flat fee per transaction
• Depositing funds is Free
• Withdrawing funds is Free
Best For
The crypto exchange is best for investors who want to buy and sell Bitcoin easily.
8. BuyUCoin
The BuyUcoin crypto exchange is the product of 3 Indian minds, in operation since 2016. People may use BuyUcoin to trade Bitcoin and other cryptos.
The exchange also offers wallet services for storing or holding Bitcoin there. The crypto exchange is one of the most reputable cryptocurrency exchanges for crypto trading in India.
Users’ passwords are encrypted using the Salting method by the exchange, preventing them from accessing the data. The platform keeps 95 percent (%) of its funds in non-volatile cold storage and provides two-factor authentication and a mobile app.
The exchange charges a deposit fee, determined by their banking partner, a maker/taker charge of 0.24 percent (%). When people withdraw Bitcoin, they must pay 0.00125 BTC per BTC withdrawn. There are no fees when depositing cryptocurrency at BuyUcoin.
Features
• Supports over 30 cryptocurrencies
• Easy registration process
• Offers a Wide range of resources to help beginner traders
• Offers easy-to-use tools to aid crypto trading
• Offers advanced charting tools for experienced traders
Cost
• Trading Fees are 0.24%
Best For
The platform is best for Experienced traders seeking strong charting capabilities.
9. CoinDCX
The CoinDCX exchange is a beginner-friendly Indian cryptocurrency exchange that supports over 100 cryptocurrencies. They maintain a 95 percent (%) cold storage policy, which keeps crypto safe and secure.
Bitgo insures customer accounts, so people will be reimbursed for losses if CoinDCX ever experiences a security breach.
The platform charge cryptocurrency trading fees of 0.10 percent (%) and a fairly hefty withdrawal amount of 0.001 BTC (~₹4,400) for each BTC. With that said, the platform fee on UPI deposits is quite low.
People must first deposit money in INR or crypto to trade with this exchange. The platform accepts bank transfers, NEFT/RTGS, IMPS, net banking, and UPI for payments. To withdraw funds in INR, people can send a bank transfer directly.
Features
• Supports over 100 cryptocurrencies
• Quick account verification
• 95 percent (%) cold storage policy
Cost
• Trading fees are 0.10%
• Deposit fees are 0%
• Withdrawal fees is 0.001 BTC (~₹4,400) for each BTC
Best For
The platform is best for Investors looking to buy and hold cryptos for long periods.
10. Unocoin
The Unocoin exchange is one of India’s oldest crypto exchanges. The exchange offers a device-independent cryptocurrency trading platform with over a million users through its mobile app, including a hardware wallet.
Most of the traders’ cryptocurrency assets are kept in cold storage vaults.
The Unocoin exchange enables two-factor authentication and fingerprint protection for its mobile app. The platform charges a 0.7 percent fee on Bitcoin transactions, but it lowers to 0.5 percent once people have achieved gold membership status.
When withdrawing funds, the exchange assesses a fee of 0.0005 BTC for each Bitcoin (~₹2,200).
Features
• High trading fees
• High withdrawal fees
• India’s oldest cryptocurrency exchange
Cost
• Trading fees are 0.70%
• Deposit fees are 0%
• Withdrawal fees is 0.001 BTC (~₹4,400) per BTC
Best For
The platform is best for new traders looking for a starting point in cryptocurrencies.
Read Also:
Top 10 Best Forex Trading Platforms in Australia for Beginners
7 Best CFD Trading Platform in Australia 2023
10 Top Best CFD Brokers in South Africa 2023
Conclusion
Picking the best crypto exchange in India is not easy; people will have to research, compare and read reviews about the exchange they want, given all the options and different features each offer.
That’s why we have decided to make the job easier for you, and we took our time to list out the best crypto trading platform in India for you to base on years of research, personal experience, and customers review.
FAQS
Which Crypto app has the lowest fees in India?
The cryptocurrency exchange with the lowest fees in India is the CoinDCX crypto exchange charges a 0.04% fee for takers and a 0.06% fee for makers.
The exchange charges low fees compared to current industry standards, which are 0.10 percent for takers and 0.15 percent for makers.
Which is better CoinDCX or WazirX?
The Coindcx exchange charges a 0.1 percent (%) takers fee and 0.1 percent (%) makers fee. The Wazirx exchange charges 0.2 percent (%) as the takers’ and makers’ fees for each transaction.
Coindcx app provides features such as Dcx stake and Dcx margin Dcx futures which are not available in most Indian apps.
Is WazirX leaving India?
India’s unclear stance on regressive tax policies and virtual assets is forcing its crypto trading platforms to shift to friendlier countries.
The co-founders of the crypto exchange WazirX have moved to Dubai with their families.
Can I trust CoinDCX?
The exchange is one of the safest platforms to trade crypto, as the site takes the security of its users very seriously.
You can learn more from the video below:
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