Cryptocurrency exchanges are the platforms through which users can sell or buy cryptocurrencies like Bitcoin, Ethereum, and other digital currencies. There has been a faster user-adoption curve in the Indian crypto market because several user-friendly platforms are giving highly competitive fees, a high-security level, and a variety of digital currencies. Bearing that in mind, let's discover the leading cryptocurrency exchanges in India, each bringing something unique to the plate.
WazirX is one of India's largest and most reputable cryptocurrency exchanges. Launched in 2018, it quickly gained popularity among Indian users due to its easy-to-use interface, high liquidity, and a significant variety of different cryptocurrencies available to exchange. The exchange offers spot trading, staking, and a unique peer-to-peer (P2P) trading platform where users can buy or sell crypto directly with each other. WazirX is at par in terms of seamless connectivity to the world's largest exchange by trading volume, Binance. With seamless connectivity, users have access to global liquidity.
WazirX charges 0.2% for its spot trading fee. Furthermore, WazirX also offers mobile applications on both iOS and Android platforms such that the user can trade cryptocurrencies anywhere anytime. With a very significant emphasis on security and other advanced features, WazirX is a popular platform among Indian crypto traders.
It is the name of the largest and most versatile cryptocurrency exchange in India, from which one associates. CoinDCX provides users with more than 200+ cryptocurrencies, and its simple interface makes it distinguishable from other exchange websites. Its ease of focus with an educational taste is something that makes CoinDCX the most preferred platform. It brings margin trading, lending, and staking to its users' doorstep, making CoinDCX a comprehensive platform for both new and experienced investors.
CoinDCX Charges 0.1% for both makers and takers, and CoinDCX is probably one of the cheapest available trading exchanges in India. The website guarantees maximum security as well; it incorporates 2FA with cold wallet storage to ensure that user funds are always safe. For anyone looking for simple cryptocurrency trade, or even requiring advanced features, CoinDCX is a great place.
One of the oldest cryptocurrency exchange platforms from India was founded in 2014. Due to this, it attracted millions of users just because of its security and reliability. The above-mentioned cryptocurrency platform now supports a wide range of cryptocurrencies that include Bitcoins, Ethereum, Litecoin, as well as Ripple. ZebPay is simple to use for new traders, but lending and staking functionalities on this platform serve those who have rich trading experience.
ZebPay charges differently; it charges a 0.15% maker fee and a 0.25% taker fee. It also gives users the option of reducing fees if they hold more tokens on ZebPay. Besides that, the exchange places security at the helm through the use of cold storage and multi-signature wallets. Hence, the site is apt for users to get a trustworthy and secure platform to start their crypto journey.
Krypto is one of the newest participants in the Indian cryptocurrency market, but it has already gained popularity because of its straightforward, user-friendly platform. Krypto offers easy buying and selling of various cryptocurrencies and also supports vast options for payment- UPI and net banking included. And, of course, here, there is real-time price tracking and an intuitive app for trading on the go.
Krypto charges a flat rate of 0.25% on trades and is touted as fast and user-centric in its platform. Krypto is something you might want to consider when you need a seamless crypto trading experience coupled with an all-new beginner-friendly platform.
CoinSwitch Kuber is one of the best choices for cryptocurrency trading in India for first-time users, founded in 2020. It has gained popularity with a clean interface and zero charges for deposits and withdrawals. The exchange allows users to trade more than 100 cryptocurrencies and has made it easy for new users by streamlining its onboarding process to make crypto trading hassle-free.
The site costs less with competitive trade rates and a minimum spread. CoinSwitch Kuber has emerged as one of the fastest-growing exchanges in India, with a focus on simplicity, security, and education.
Unocoin is one of India's oldest and most trusted cryptocurrency exchanges, established back in 2013. Over a million users enjoy a variety of services: trading for cryptocurrencies, wallet service, and systematic investment plans for Bitcoin. The fees charged by this exchange are flat at 0.7% for regular users while premium accounts have significantly reduced trading fees.
The SIP feature in Unocoin allows a regular, periodic investment into a certain amount of money in Bitcoin, making it an attractive option for long-term investors. Apart from that, great concern is given to security by the platform, which puts multi-layer protection around user funds.
Probably one of the most major selection criteria in a cryptocurrency exchange in India is its security. All these exchanges mentioned above use higher levels of security, such as two-factor authentication, cold storage, and encryption, to protect users' funds and information. Further, with changeable regulations concerning cryptocurrencies in India, these exchanges have established compliance protocols that ensure easy functionalities within the regulatory boundaries.
India's cryptocurrency market is growing rapidly, with several exchanges operating in the country, boasting competitive features, low fees, and a high degree of security. Whether you're a newbie or a professional, between these three niches, this list will provide you with a variety of services from which you can choose.
WazirX, CoinDCX, ZebPay, Krypto, CoinSwitch Kuber, and Unocoin are all great choices as each has its pros uniquely. The selection of the right exchange depends on several factors, such as security, fees, available cryptocurrencies, and user interface, so it is essential to consider these factors to ensure that the exchange is fulfilling your trading goals.