Looking for the best cryptocurrency Exchanges in India? Cryptocurrencies have been gaining a lot of traction in recent years with more and more people investing in them. India is no different. It has seen a surge in crypto trading activity, with many exchanges popping up to cater to the demand.

So, if you’re based in India and looking to start trading cryptocurrencies, which exchanges should you use?

In this article, we’ll take a look at the top crypto exchanges in India, based on a variety of factors such as fees, security, ease of use, and more.

Also read: Top 10 Blockchain Companies [Updated 2022]

What Are Cryptocurrency Exchanges?

Before we get into our list of the best crypto exchanges in India, let’s first briefly explain what cryptocurrency exchanges are.

Cryptocurrency exchanges are online platforms where you can buy, sell, or trade cryptocurrencies for other digital currencies or traditional fiat currencies such as USD, EUR, and GBP.

Some exchanges only offer cryptocurrency trading, while others also allow you to trade fiat currencies as well.

Cryptocurrency exchanges typically work by matching orders from buyers and sellers on a centralized platform. The exchange then takes a cut of the transaction in the form of a fee. In some cases, the exchange may also act as a market maker, meaning it buys and sells assets to maintain liquidity on the platform.

What to Look For in a Cryptocurrency Exchange?

Now that you know what cryptocurrency exchanges are, let’s take a look at some of the things you should look for when choosing one:

• Security: This is undoubtedly the most important thing to look for in a crypto exchange. Make sure that the exchange you’re using has robust security measures in place, such as 2-factor authentication and Ethereum multisig wallets.
• Fees: Most exchanges will charge you fees for buying and selling cryptocurrencies, as well as for depositing and withdrawing fiat currencies. Be sure to compare the fees charged by different exchanges before choosing one.
• Ease of use: The exchange you choose should be easy to use, with a user-friendly interface that’s intuitive and straightforward.
• Customer support: In the event that you run into any problems while using an exchange, it’s important to have customer support that you can rely on to help resolve any issues.

Top 7 Cryptocurrency Exchanges in India

Now that you know what to look for in a crypto exchange, let’s take a look at some of the best ones available in India.

1. Binance

World’s largest cryptocurrency exchange, Binance was founded in 2017 by Changpeng Zhao, who is also the CEO of Binance. The company is based in Malta and has offices in Tokyo, Jersey, and Hong Kong.

It supports over 150 cryptocurrencies and offers trading pairs with all major fiat currencies. It is one of the few exchanges that allows users to trade directly with each other using their own native tokens, Binance Coin (BNB) and Ethereum Classic (ETC).

Some of the top features of Binance:

• Supports over 150 cryptocurrencies and offers trading pairs with all major fiat currencies.
• One of the few exchanges that allows users to trade directly with each other using their own native tokens, Binance Coin (BNB) and Ethereum Classic (ETC).
• Has its own decentralized exchange, BinanceDEX, which is scheduled to launch in 2019.
• Highly advanced and user-friendly mobile app.
• Tiered trading fee structure that starts at 0.1% and decreases to 0.02% with increased trading volume.

2. WazirX

One of the most popular exchanges, WazirX is a cryptocurrency exchange that was acquired by Binance in 2019. The exchange is based in Mumbai and offers to trade in a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple. WazirX has low fees and is well-regulated by the Indian government.

Some of the top features of WazirX are:

• P2P Support
• INR Deposits and Withdrawals
• Margin Trading

3. Bitbns

Founded in December 2017, Bitbns is one of the youngest cryptocurrency exchanges in India. The brainchild of three ex-Googlers, Gaurav Dahake, Nitin Agrawal, and Mohit Mittal, Bitbns has been created with the sole purpose of democratizing cryptocurrency trading in India. In just a span of 3 months, Bitbns has managed to amass over 100,000 users and is currently processing transactions worth Rs. 200 crores per month.

Some of the best features of Bitbns:

• Bitbns offers some of the lowest transaction fees in the industry.
• The exchange has a very user-friendly interface.
• Bitbns has implemented a number of security measures to ensure a safe and secure trading environment.
• Offers high APY fixed income plans

4. Unocoin

Unocoin is one of the most popular cryptocurrency exchanges in India. It allows users to buy, sell, and store Bitcoin, Ethereum, Litecoin, and other cryptocurrencies. The platform has a simple interface that is easy to use for newbies.

It also offers a mobile app that makes it convenient to trade on the go. Fees are relatively low, making this exchange a good choice for those looking to invest in cryptocurrencies.

Some of the best features of Unocoin:

• User-friendly interface
• Mobile app available
• Low fees
• Wide range of cryptocurrencies available for trading

5. CoinSwitch Kuber

CoinSwitch Kuber is one of the most popular cryptocurrency exchanges in India. It allows users to buy, sell, and trade cryptocurrencies with ease. The platform has a user-friendly interface and is known for its high-security standards. It also offers a mobile app that makes it easy for users to trade on the go.

The exchange has a wide range of supported coins, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and more. It also offers competitive trading fees, making it a great choice for both experienced and novice traders.

This exchange is a part of the CoinSwitch Group, which is one of the leading cryptocurrency exchange aggregators in the world. The group is also behind the popular CoinSwitch Exchange and CoinSwitch Crypto Wallet.

Some of the best features of CoinSwitch Kuber:

• User-friendly interface
• Wide range of supported coins
• Competitive trading fees
• High security standards
• Mobile app available

6. CoinDCX

This is one of the most popular cryptocurrency exchanges in India. It allows users to buy, sell, and trade a variety of digital assets including Bitcoin, Ethereum, Litecoin, and more. The platform is known for its user-friendly interface and simple navigation. CoinDCX also offers a mobile app for Android and iOS devices.

It is a great option for Indian cryptocurrency users looking for a simple and easy-to-use platform. The exchange offers a variety of features such as multiple payment methods, 24/7 customer support, and more. CoinDCX is also one of the few exchanges that allow users to trade in Indian rupees.

Some of the best features of CoinDCX:

• Allows users to buy, sell, and trade a variety of digital assets including Bitcoin, Ethereum, Litecoin, and more.
• The platform is known for its user-friendly interface and simple navigation.
• CoinDCX also offers a mobile app for Android and iOS devices.
• The exchange offers a variety of features such as multiple payment methods, 24/7 customer support, and more.
• CoinDCX is also one of the few exchanges that allow users to trade in Indian rupees.

7. Zebpay

Zebpay is one of the oldest and most popular cryptocurrency exchanges in India. It was founded in 2015 and is based in Mumbai. The company has a strong focus on security and user experience.

Zebpay allows users to buy, sell, and trade Bitcoin, Ethereum, Litecoin, and other cryptocurrencies. The exchange also supports INR deposits and withdrawals.

Some of the best features of Zebpay:

• User-friendly interface
• Supports multiple cryptocurrencies
• INR deposits and withdrawals supported
• Strong focus on security

If you’re looking for a reliable and user-friendly cryptocurrency exchange in India, Zebpay is a great option.

Final Thoughts

So these were some of the most important things that you need to know about cryptocurrency exchanges. If you are planning to trade in cryptocurrencies, then it is essential for you to choose a good exchange. We hope that this article was helpful in providing you with some insights about cryptocurrency exchanges. Happy trading!