India is rapidly becoming one of the most important markets for cryptocurrency. Thankfully, Indian crypto investors have access to a variety of high-quality cryptocurrency exchanges that make trading and investing in digital assets a breeze. In this article, we are featuring the best crypto exchanges in India in 2024.
Here are the best crypto exchanges in India:
The best crypto exchanges in India 2024
First off, it’s important to clarify that Bitcoin is legal in India. However, the country is yet to adopt a comprehensive framework for regulating cryptocurrencies, which means that there are occasionally unexpected changes affecting cryptocurrency users and exchanges in the country. In addition, you should keep in mind that there is a 30% tax and a 4% cess on cryptocurrency gains in India.
Now that we have some context, let’s take a closer look at each entrant in our list of the best crypto exchanges in India in 2024.
1. KuCoin
KuCoin is a global cryptocurrency exchange that’s known for its massive selection of listed cryptocurrencies, as well as a fully built out suite of features – the exchange offers spot trading, futures trading, marg1n trading, cryptocurrency lending, an NFT marketplace and much more.
The KuCoin exchange is suitable for active traders, as it has a very competitive fee structure with spot trading fees starting off at only 0.10%. Users can lower their trading fees even further by generating significant trading volume or holding the exchange’s KCS tokens.
In late March 2024, KuCoin made headlines as the first global cryptocurrency exchange to comply with India’s Financial Intelligence Unit (FIU) regulations pertaining to crypto assets.
The exchange has integrated localized payment solutions to facilitate easier and more efficient INR transactions for both depositing and withdrawing funds. To further this initiative, KuCoin is actively seeking partnerships with local companies that specialize in processing INR payments.
| Trading fees | Base fee of 0.10%, but depends on cryptocurrency, KCS holdings and user’s trading volume |
|---|---|
| Coins / pairs supported | 500+ |
| Mobile app | iOS, Android |
2. FlitPay
FlitPay is an India-based cryptocurrency exchange that enables users to easily deposit INR and purchase Bitcoin, along with over 150 other crypto assets. Since it is registered with the Financial Intelligence Unit (FIU), FlitPay offers users the security of investing through a regulated platform.
In addition to spot trading and the Quick Buy/Sell feature, FlitPay provides a crypto savings option, allowing users to earn interest on their idle cryptocurrency holdings. The annual percentage rates (APRs) vary depending on the cryptocurrency, with stablecoins often offering the highest returns. FlitPay also offers users the ability to create crypto gift cards and earn additional rewards by referring friends to the platform.
For assistance, users can reach FlitPay’s customer support through email, WhatsApp, or Telegram, ensuring help is readily available for any questions or issues.
| Trading fees | 0.20% buy fee, 0.20% sell fee |
|---|---|
| Coins/pairs supported | 150+ |
| Daily volume (INR) | ₹133 million+ |
3. CoinDCX
CoinDCX is an India-based cryptocurrency exchange that has established itself with traders that require advanced functionality such as marg1n and futures trading. The exchange also allows users to access trading signals from some of the best traders who use CoinDCX.
While CoinDCX is equipped to serve advanced traders, it also provides ample support for less experienced traders. The exchange actively conducts educational events and offers a variety of materials to help beginners build a fundamental understanding of trading. CoinDCX enables easy entry for newcomers with INR deposit options and provides round-the-clock customer support to ensure a smooth onboarding process.
The CoinDCX exchange lists more than 200 different cryptocurrencies, making it India’s market leader in this regard. Another thing that’s worth highlighting about CoinDCX is that the platform’s fees for buying and selling cryptocurrency is quite competitive relative to other cryptocurrency exchanges in India.
| Trading fees | 0.50% base fee, can be lowered with higher trading volume |
|---|---|
| Coins / pairs supported | 200+ coins |
| Mobile app | iOS, Android |
4. WazirX
WazirX is a popular Indian crypto exchange that provides a comprehensive suite of features for cryptocurrency investors and traders.
Regardless of which cryptocurrency you would like to trade, chances are that it’s already listed on WazirX – one of the exchange’s strong points is the sheer amount of different coins it offers for trading, although liquidity might be sparse for some of the smallest cryptocurrencies listed on WazirX.
The trading fees charged by WazirX depend on how much trading volume the trader generates, as well as the trader’s holdings of WRX, which is WazirX’s exchange token. The base trading fee is 0.40%, but it can drop down all the way to 0.10% in the best-case scenario (high trading volume and substantial WRX holdings).
In addition to standard crypto exchange functionality, WazirX also offers a P2P (peer-to-peer) marketplace, where users can arrange cryptocurrency trades directly between each other.
| Trading fees | 0.40% base fee, can be lowered with higher trading volume or holding WRX |
|---|---|
| Coins / pairs supported | 200+ coins |
| Mobile app | iOS, Android |
5. CoinSwitch
CoinSwitch is one of India’s most popular cryptocurrency exchanges and it offers a beginner-friendly interface that makes it easy for newcomers to buy Bitcoin and other cryptocurrency with INR. CoinSwitch allows users to purchase as little as 100 INR worth of BTC, which makes it suitable even for investors that are looking to start small.
The platform features introductory promotions and educational hubs, designed specifically to assist users in understanding how to purchase Bitcoin and other cryptocurrencies within India. For instance, CoinSwitch recently introduced a Rupee-based Crypto Index, which allows users to monitor the performance of major digital assets relative to the local fiat currency.
Despite offering easy onboarding to cryptocurrency, CoinSwitch can also be used by advanced traders thanks to its CoinSwitch PRO platform, which is suitable for traders that need more control over their moves in the crypto market. CoinSwitch pools liquidity from various cryptocurrency exchanges to provide a smooth trading experience and the best rates currently available on the market.
| Trading fees | n/a |
|---|---|
| Coins / pairs supported | 100+ coins |
| Mobile app | iOS, Android |
6. Unocoin
Unocoin is one of India’s longest-standing cryptocurrency trading platforms, as it was founded already in 2013, when the country’s cryptocurrency industry was much less established than it is today.
Once a user’s account is approved and verified, they can deposit INR and easily purchase Bitcoin by placing a buy order at the current market rate. Unocoin is designed with an intuitive interface where the user can clearly see the amount of Bitcoin they will receive for their specified amount of INR as well as any fees and applicable taxes.
One thing to keep in mind when it comes to Unocoin is that the exchange offers a relatively small range of different cryptocurrencies compared to some of its major competitors in the Indian market. Still, if you prefer to trade large market cap cryptocurrencies, the selection of coins available on Unocoin should suit your needs just fine.
| Trading fees | 0.20% for makers, 0.30% for takers |
|---|---|
| Coins / pairs supported | 50+ coins |
| Mobile app | iOS, Android |
7. ZebPay
ZebPay is a cryptocurrency exchange that was founded in 2014 by three Indian crypto entrepreneurs. Although the exchange is headquartered in Singapore and offers its services in various countries across the globe, it has a strong focus on the Indian market.
The ZebPay exchange lists more than 150 different crypto assets in total, ranging from market-leading cryptocurrencies such as Bitcoin and Ethereum to smaller altcoins. The exchange offers a variety of interesting features such as “CryptoPacks”, which allow users to invest in a basket of different cryptocurrencies with just one trade.
The exchange also has a crypto lending platform, where users can earn interest on their cryptocurrency holdings. The yield that users can earn in this manner can vary significantly depending on market conditions and the cryptocurrency the user is lending out.
Users can fund their ZebPay accounts with INR through various payment methods, including instant deposits through IMPS, NEFT and RTGS. Users can also choose to deposit funds via a manual deposit, although using this method means it will take a bit longer for the funds to be credited to the user’s account.
| Trading fees | 0.5% |
|---|---|
| Coins / pairs supported | 115+ coins |
| Mobile app | iOS, Android |
The bottom line
Although India’s cryptocurrency industry is still growing, there’s already a multitude of good options for anyone who’s looking to invest in cryptocurrency. In our list, you’ll be able to find exchanges that cater to crypto novices and experienced traders alike.
If you’ve already chosen which exchange to use and are now looking to explore the best cryptocurrencies available on the market today, make sure to check out our list of the best crypto to buy now.
