India has become one of the most crypto-crazed countries in the world since the Reserve Bank of India (RBI) recently reversed their decision to ban cryptocurrency trading in the country.
This decision to reverse the previous crypto ban came after the Supreme Court in India found that the order made by the RBI was no longer valid.
Since the decision has been reversed, many different crypto exchanges have started offering a way for citizens in India to start investing with Indian Rupees (INR).
The list below provides a quick overview of the 5 best crypto exchanges in India.
WazirX is without doubt the best and largest exchange in India in terms of daily volume and total number of daily active users. The WazirX crypto exchange boasts a feature-rich platform that enables users to instantly deposit Indian Rupees (INR) to trade over 200 different cryptos and altcoins with extremely low fees.
Yes, WazirX is a safe and regulated exchange that operates out of Mumbai, India. Founded by directors Nischal Shetty and Hanuman Mhatre, the WazirX company is registered as Zanmai Labs Pvt. Ltd. It is pertinent to note that this company was acquired by Binance in 2019.
Read our full WazirX Review for more information on India's best crypto exchange.
Below is a brief overview of the key features of the WazirX Exchange:
WazirX Fees: The fees to trade on WazirX are 0.2% per transaction
Cryptos: Bitcoin, Ethereum, Cardano, Chainlink, Dogecoin, Shiba Inu, Synthetix + 200 more
Customer Care: 4 hour average response time
Deposit Methods: Bank Transfer, Debit Card, Credit Card and more.
Total Users: Over 10 million
You can contact WazirX Customer Care by calling 0124-6124101 or their toll free number 1800 309 4449. They are available via phone support 24x7.
Founded in 2017, Coinswitch is one of the newer cryptocurrency exchanges in India. Coinswitch operates slightly differently to traditional exchanges like WazirX, in that they do not generate their own liquidity - but they aggregate liquidity across different exchanges to find users in India the best price.
This ultimately means that when you buy crypto in Coinswitch in India, you get to compare all of the best rates from crypto exchanges around the world to get the best price.
Coinswitch Kuber is a safe and trusted exchange that is backed by some of the crypto industries largest venture capital investors including Paradigm and Sequoia.
Below is a breakdown of the key features of the Coinswitch India exchange platform. You can read more information in our extended Coinswitch Kuber Review. If you want a more detailed comparison of Coinswitch vs WazirX, read our extended guide.
Coinswitch Fees: The fees to trade on Coinswitch Kuber are 0.49% per transaction
Cryptos: Bitcoin, Ethereum, XRP, Tron (TRX), USDT, USDC + 100 more
Coinswitch Customer Care: 12 hour average response time
Deposit Methods: Credit Card and Debit Card only
Total Users: 6 million
Zebpay India is an easy to use INR to cryptocurrency exchange that is based in India, but offers their trading platform to Australians and users in Singapore as well. Zebpay are in fact the olders and longest running crypto exchange in India, however had to exit the country during the ban of cryptocurrency trading in 2021.
Yes, Zebpay is a trusted and secure exchange in India that boasts over 1 million users. The Zebpay company is licensed under Awlencan Innovations India Limited [CIN no. 2018FLC104448] and are based in Guljarat, India.
A breakdown of they features and aspects of the Zebpay India exchange
Zebpay Fees: Zebpay India charges 0.25% per instant transaction.
Cryptos: Bitcoin, Ethereum, Polygon, Chainlink, Litecoin, Cardano + 100 more
Zebpay Customer Care: 12 hour average response time
Deposit Methods: Bank Transfer only
Total Users: Over 1 million
Founded in 2017, Bitbns (licensed as Buyhakte Internet Pvt. Ltd.,) has become one of India's fastest growing crypto exchanges.
Their platform offers some very interesting and advanced features which includes leverage trading and margin lending, which lets you earn interest by lending Bitcoin, Ethereum and other cryptocurrencies to the platform for a fixed period of time.
Bitbns is a new exchange, so some caution is advised when using it over trusted and battle-tested Indian exchanges like WazirX.
An overview of the key aspects and features of the Bitbns exchange. You can read our full Bitbns Review for more information.
Bitbns Fees: Bitbns charges 0.25% per trade
Cryptos: Bitcoin, Ethereum, XRP, USDT, EOS + 25 more
Bitbns Customer Care: Average response time took 24 hours
Deposit Methods: Bank Transfer only
Total Users: 200,000
If you are interested in cryptocurrency, you would have heard about the powerhouse global exchange Binance. They are the world's largest crypto trading platform that offer normal buying and selling, margin trading, futures trading, crypto lending and much more for users in India.
When comparing Binance vs WazirX, our research has found that WazirX is the better exchange for users in India. The reason why we prefer WazirX over Binance is due to their extremely fast customer care responses, low fees and regulatory safety as they are based in Mumbai, India.
Learn more about the Bitcoin and cryptocurrency ecosystem with one
of our expert guides.
The latest Bitcoin and cryptocurrency news from around the world.