Cryptocurrencies can be easily bought through Cryptocurrency exchanges. If you’re someone who’s looking forward to buying or investing in cryptocurrencies like Bitcoin, Ethereum, or others, you may get confused about which exchange to opt for. Therefore, in this article, we’ll tell you the five best Cryptocurrency exchanges in India to buy, store & sell Bitcoin and other Cryptocurrencies.
Related | Bitcoin Explained: How to Buy? Is It Legal? Should You Invest in Bitcoin in India?
Best Crypto Exchanges to Buy & Sell Bitcoin, Other Cryptocurrencies in India
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Cryptocurrencies have lately gained a lot of popularity. Although highly volatile and risky, people are looking forward to crypto as a quick way to make money. Most crypto exchanges have seen a surge in volume, hinting at the growth of cryptocurrency worldwide, including India.
If you plan to start your investment journey with cryptocurrencies, you may want to buy from an exchange with a good reputation. The major advantages with Indian crypto exchanges are better payment options as well as usually better customer support.
Below, we’ve listed out five best crypto exchanges you can use to buy, store and sell Bitcoin and other cryptocurrencies in India.
WazirX is a Mumbai-based crypto exchange that was launched in 2017. Later, it was acquired by Binance Holdings, which is the world’s largest cryptocurrency exchange by trading volume. This makes it one of the most trusted Indian crypto exchanges.
It promises super-fast INR deposits and withdrawals. You can deposit funds using IMPS, RTGS, NEFT, and UPI. Moreover, it offers a neat and clean interface and lets you buy and sell cryptos with a Live Open Order Book system.
WazirX has integrated its P2P transaction engine with the Fiat Gateway platform of Binance. This allows the traders to buy/sell any crypto listed under Binance using USDT from the WazirX platform. You can move funds between WazirX and Binance wallet instantly for free.
- Very trusted, owned by Binance
- Trade 100+ tokens in high liquidity, integration with Binance
- Instant Deposits & Withdrawals
- Low Withdrawal Fee
If your primary objective is to trade in cryptocurrencies, you can use WazirX to trade on Binance.
CoinDCX is another popular cryptocurrency exchange in India, launched in 2018. It offers a very user-friendly interface and a wide variety of over 200+ coins with high liquidity. It supports unlimited trading, and the trading fee can be as low as 0.1%.
One can deposit and withdraw money free of charge. CoinDCX provides access to trading products like spot, margin, futures, and lending using a single powerful portfolio wallet. Also, it has an Insta feature where you can buy 40+ cryptocurrencies with INR in less than a minute.
- Simple and user-friendly
- Over 200+ Cryptocurrencies
- Trading Fee as low as 0.1%
- Free deposits and withdrawals
3. CoinSwitch Kuber
CoinSwitch was founded in 2017 as a global aggregator of cryptocurrency exchanges. Later in June 2020, the company introduced its India exclusive crypto platform, CoinSwitch Kuber, to simplify crypto investments for Indian retail investors.
CoinSwitch supports over 300 cryptocurrencies and over 45,000 pairs from leading exchanges like Binance, OKEx, HitBTC, IDEX, and many more.
Plus, you can directly buy 100+ coins with INR. You can convert/exchange INR to any of the supported cryptos, with common payment modes like debit cards, credit cards, UPI, bank transfer, and net banking.
- Supports over 300 cryptocurrencies
- Buy 100+ crypto coins with INR.
- Common modes of payment like UPI and bank transfer
- Instant Deposits and Withdrawals
4. UnoCoin- The Oldest Crypto Exchange in India
Founded in 2013, UnoCoin is the oldest cryptocurrency exchange in India, with over a million customers. It is backed by leading VCs like Blume Ventures, FundersClub, Mumbai Angels, etc. This makes it very trusted and reliable.
Using it, you can buy, sell, and exchange digital assets. UnoCoin provides unique features like OTC (Over the Counter) for bulk trades, Crypto Baskets for weighted basket orders, Systematic Buy Plan (SBP) to automate bitcoin buying with a fixed amount and frequency, and the option to avail loans in USDT and INR.
You can also opt for a fixed deposit of USDT (stable coin) and receive monthly payments as interest until the amount matures.
- India’s oldest Crypto exchange
- OTC & SBP features
- Earn interest against USDT fixed deposit
- Instant INR deposit and withdrawal option
Established in 2015, ZebPay is another old crypto exchange headquartered in Singapore. The Indian office is based out of Ahemdabad. It initially shut operations in India after the ban on cryptocurrency. However, the app was relaunched in India in January 2020, ahead of SC’s hearing on RBI’s crypto ban.
ZebPay has served over 3 million users so far. It promises a low transaction fee and advanced platform security. Using it, crypto traders can buy and sell across 130 countries with zero trading fees.
Unfortunately, ZebPay charges a membership fee of 0.0001 BTC or equivalent per month for Indian users.
- A modern and polished app interface
- Instantly buy and sell
- 0% FIAT Deposit & Withdrawal Fee, 0% Crypto Deposit Fee
- Advanced Platform Security
Wrapping Up- The Best Crypto Exchanges in India
These were five of the best crypto exchanges in India for buying and selling Bitcoin and other cryptocurrencies. I’ve personally tried almost all in the list, including ZebPay, UnoCoin, CoinDCX, and WazirX. Out of all, I prefer WazirX for its features, trustworthiness, and integration with Binance, but that’s just my personal choice.
Anyway, which one do you prefer? Do you have any other crypto exchanges to recommend? Do let me know in the comments below.
Also, read- What is Dogecoin, and Why is Everyone Talking About It? How to Buy It in India?
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