Top Cryptocurrency Exchanges for Crypto Trading in India

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Numbers don’t lie. The market cap for crypto trading has already surpassed $1 trillion worldwide. A crypto trading account is a requisite for stepping into trading. It’s not difficult- all you need is a smartphone, a network connection, and a net-banking account(optional, not mandatory). What you should really focus on is choosing the right crypto exchange for secure investments. Pick one that excels in security, and connectivity, and offers low transaction fees. Let us dive further with this review of the top cryptocurrency exchanges in India.

The Need for a Cryptocurrency Exchange

A crypto exchange acts as an intermediary for participants to purchase or sell cryptocurrencies. A unique feature of crypto exchanges is the ability to purchase a cryptocurrency using another. Such options are not valid for the stock market- one can not simply buy TCS equity shares using ITC. The listing consists of all the cryptocurrencies that can be traded within the specific exchange. In general, the most popular cryptocurrencies as listed by coinmarketcap are common trading options.

Interested traders may look out for exchange rates offered by popular cryptocurrency exchanges. Filter options for consideration may include crypto holding security, functionality, and ease of use. However, the basic features must be checked first before choosing a cryptocurrency exchange not only in India but all over the world.

The Top Cryptocurrency Exchanges in India List

1. Valco Trading

Valo Trading is one of the most trusted cryptocurrency trading platforms in India. This platform offers a wide range of trading options including Spot, OTC, Convert, Futures, Options, Copy Trading and more. This crypto exchange supports more than 100 cryptocurrency trading.

Valco Trading exchange claims to have more five million Indian crypto traders, with 10m+ trades per day. This platform has been in the crypto business for the last 5 years, and provides seamless crypto trading solutions tailored for both seasoned crypto traders and newcomers. Valco Trading Exchange is fully compliant, licensed, and regulated for Indian crypto traders.

2. WazirX

WazirX is one of the most popular and top cryptocurrency exchanges in India featuring multi-language support and high security. The company was founded in 2017 and later acquired by Binance Holdings- the biggest cryptocurrency exchange in the world by trading volumes. Wazir X offers a wide variety of trading features, starting with P2P transactions, and investing options in both INR and USD. WazirX has reported daily crypto trading volumes of $114 million, touching a high of $392 million in April.

The crypto exchange app often rewards users through in-app contests. Security features are good with 2FA and App Passcode options for quick access. Users can make a deposit of as little as INR 100 through any conventional or digital banking method, including UPI. Wazir X charges 0.2% as both taker and maker fees. The cryptocurrency exchange is accessible through Android, iOS, Windows, and Web browsers.

3. Bitbns

One of the fastest growers among Indian cryptocurrency exchanges, Bitbns has already enlisted over 2.2 million active users. The exchange has over 144 crypto asset trading options. With daily trade volumes approaching $30 million(29.34 at present), Bitbns offers comprehensive trading solutions with ease. The crypto exchange features industry-standard security features, along with bracket orders for less reduction, buy and sell automation options, and an around-the-clock customer support system.

Bitbns has a simplistic User Interface that allows INR fiat deposits for trading. Price alerts for separate order types can be set, and the intuitive platform provides easy access for limit orders and trade history in volume and price. While a wallet is provided for crypto storage, users are free to use 3rd party storage. Like all other options, the app version of Bitbns is accessible through Android, iOS, Windows, and other popular web browsers.

4. CoinSwitch Kuber

CoinSwitch Kuber has become a mainstay as one of the biggest crypto exchanges just within 15 months. Starting out as a cryptocurrency aggregator in 2017, CoinSwitch is headquartered in Bangalore, Karnataka, and entered the Indian markets in 2020. It offers a smooth software experience for users with intuitive UI. The exchange has a no deposit and withdrawal fees policy- making it all the more attractive for crypto traders.

Ideal for both beginners and regular crypto traders, CoinSwitch has witnessed maximum interest from millennials and the GenZ. It has over 100 cryptocurrencies in its listing. The crypto exchange is backed by reputed investors worldwide. The app version of the exchange is available on Android, iOS, MS Windows, and other leading platforms. This ensures smooth seamless connectivity through INR, crypto, altcoins, and stable coins like Matic, Dogecoin, BTC, Ether, and many more.

5. CoinDCX

A popular recent choice for crypto exchange is CoinDCX. Minimal trading fees(0.1%), and zero charges on deposits and withdrawals attract a lot of crypto enthusiasts. CoinDCX provides an edge for investors opting for direct trading options between INR and BTC. With 200+ listed crypto coins for trading, all that’s required is a registered mobile number and an active email address. Users can also trade in altcoins like NEO and TRON. Stable coin options like Tether, USDC and Binance USD are also available.

Users can link their real-world bank accounts and make deposits by NEFT, RTGC, UPI, or even bank transfer. The crypto exchange is smartphone-compatible and has apps for both Android and iOS. CoinDCX also provides useful crypto trading tips in its app and has a minimum withdrawal limit of 1000 INR. CoinDCX stores almost 95% of its assets in offline cold wallets. This secures user portfolios from hacking.

6. PayBito

PayBito is a leading cryptocurrency exchange platform around the world. It is designed and operated by a team of experts in banking security systems, digital asset trading, and blockchain technology. The platform is globally recognized for its underpinned blockchain architecture that provides high-end security features with regular updates. The firm is offering discounts on its white label products, which comprise 3-point architecture, SegWit, BIP32, ERC20, 2FA, multi-signature wallets, crypto banking, data encryption, and many other features. The exchange provides cross-platform affinity.

PayBito has announced its latest UI/UX upgrades along with an updated asset listing. The exchange has recently launched its desktop version which is free to download. PayBito solutions include white label payment gateway, white label crypto exchange solutions, coin listing, and exchange affiliate. PayBito offers high-end security and some of the best rates in the crypto community market.

7. Unocoin

One of the oldest cryptocurrency exchanges in India, Unocoin began its journey in 2013. Presently, the crypto trading platform serves more than 1.2 million users. One of the novel features of UnoCoin is its unique Merchant Gateway payment system. UnoCoin users can recharge and top up smartphones, DTH as well as wallets for a small transaction fee.

The unique gateway system accepts Bitcoin as a payment mode. Another distinct UnoCoin aspect is the Schedule Sale- which empowers users with the option to automatically sell their assets from the profile tab itself. The initial sign-in has some KYC requirements that need to be met.

UnoCoin charges a higher fee for both buying and selling at 0.7%. The minimum deposit is also higher at 1000 INR. After 60 days of usage, the rate is reduced to 0.5% along with an automatic membership upgrade. The app offers a biometric feature, with a finger ID and passcode.

Also read: Top White Label Crypto Exchange Providers

Choosing The Top Cryptocurrency Exchanges in India

The factors that actually deserve attention are security, network speed, transaction charges, the exchange’s credibility, and additional or optional features. Choose wisely, and ensure your pick from the top cryptocurrency exchanges in India serve your needs perfectly.

Huge volatility and liquidity within the crypto market make winning big an easy task. For the same reasons, losses in crypto trading are similar to profits. But like all other forms of trading, the chances of a loss can never be eliminated. Experience in trading or investment reduces the chances of a loss to a good extent- but no one is born experienced. Rather, what you really can do is look out for the features that make a positive impact on your trading experience.