Before going to choose a crypto exchange you should first need to know about crypto exchanges. If you already knew what it is then you can skip this part.
A cryptocurrency exchange is a platform where buyers and sellers all over the world meet to trade cryptocurrencies. It is basically a place providing space to investors and demanders. When going to choose an exchange things you need to first consider are low fees and high security.
There are thousands of cryptocurrency exchanges but most of them have very complex UI. which can make them intimidating for new crypto investors.
However, the options for beginners come at a price, as they are significantly more expensive than buying the same cipher through the standard trading interface of each platform. To save money, you may want to learn enough to use a standard trading platform before or shortly after making your first cryptocurrency purchase.
One more thing you need to consider that whether the exchange allows fiat currency transfer and deposit in USD or INR through the bank.
Some exchanges only allow exchange from one crypto to another which means you need to buy tokens from another platform and then deposit them on it to start trading this is very difficult for beginners. So you need to go with an exchange with a fiat deposit.
We have researched a lot and come up with the best crypto exchanges with the best features and low transaction fees. We have made this choosing process like walking in a garden all you need to do is to read this post till the end. For the ease of the readers, we have divided the crypto exchanges into two categories.
Top 5 best Indian Crypto Exchanges:
Wazirx:
Wazirx is an Indian crypto exchange platform founded in the year 2018. It is one of the most famous exchanges in India. This crypto exchange gained popularity very fast because of its user-friendly UI. Its simple and efficient design attracts users day by day.
In the year 2019, it is acquired by the world’s largest cryptocurrency exchange and blockchain ecosystem Binance. And this becomes one of the main reasons for popularity.
Both exchanges are integrated so that the users of Wazirx can connect their wallets to Binance and transfer their assets directly. With this feature, a Wazirx user can easily trade in any coin listed on Binance.
It provides identity verification systems that process your KYC within a few hours of signing up while ensuring the right KYC protocol. This takes very less time to complete the KYC process. With WazirX, traders can trade across all platforms – Web, Android & iOS mobile, Windows, and Mac apps.
Wazirx provides multiple payments method with good security to deposit your currency. It includes UPI, NEFT, and IMPS. It also offers a P2P (peer-to-peer) in which a buyer can directly interact with the seller and complete its deposit securely.
Pros:
- User-friendly interface
- Fast KYC process
- Multiple payments method
P2P
Cons:
- A bit high fee
- A small number of listed coins.
CoinDCX:
CoinDCX is India`s most secure crypto exchange, with a committed consciousness on making crypto accessible. Established in 2018, CoinDCX has solved several troubles faced
through the Indian crypto network with making an investment and buying and selling answers for crypto-primarily based totally monetary merchandise for retail, HNI, and business enterprise customers.
This exchange offers its users a simple and secure platform to trade. Here the developer provides user experiences that are simple no matter the complexity of the underlying technology. Its funds are very much secure as it uses a decentralized cold wallet to store its funds. And this exchange is backed by internationally renowned companies like Coinbase, Bain capital, etc.
They have currently has 10M+ active users and have a trading volume of $3B+.It has 100+ listed coins in which users can perform spot trading, futures trading, margin trading, and crypto lending with a transaction fee of 0.2%. Also, it has no withdrawal fee.
To trade in CoinDCX you need to do KYC which takes several hours and then you can start trading. Currently, CoinDCX is available on the Web, Android & iOS mobile.
For depositing money in your wallet, it supports popular payment options such as UPI and IMPS.
Pros:
- Low fee
- More listed coins
- Simple and secure UI
- Multi payment method
Cons:
- Takes time In KYC
Zebpay:
Zebpay is one of the most respected trading platforms in the crypto space. It was created in 2014, and since then, it has become one of the biggest crypto exchanges in one of the world’s biggest economies.
Currently, Zebpay has 1M+ active users and has more than 10B+ transaction value. Its 98% of funds are stored in cold wallets and it is very much secured. Two-thirds of Indian crypto investors have started their blockchain journey with ZebPay. This exchange takes 0.4% of the maker and taker fee, it has no deposit and withdrawal fee.
This crypto exchange , Zebpay gives its user up to 5% of return just for holding the crypto. Whether you HODL or trade you will earn definitely. In Zebpay you can start trading with just Rs.500 across the 100+ cryptos.
Here you can start just by simple 3 steps. Create an account, Deposit, and Trade. Zebpay offers its user an Rs.100 cashback for the first trade of more than Rs.500, exclusive fees, your cashback will be transferred within 7 days of the first transaction
It currently supports deposits via NEFT/RTGS and Net Banking. Although you can deposit through UPI using the Mobikwik platform.
It takes up to 1 day to complete its customer’s KYC verification process. It is available on the Web, play store, and AppStore with a user rating of 4.1 stars.
Pros:
- Simple UI is good for beginner’s
- Gives up to 5% return for holding
- Powered by the Indian brands
Cons:
- The transaction fee is a bit high
- Takes time in KYC
Bitbns:
Bitbns is another famous crypto exchange widely available in India. Bitbns allows users to buy and sell cryptocurrencies at the best available prices and offers ease of trading like no other cryptocurrency exchange. Bitbns is part of Buyhatke Internet which was incorporated in 2015. And hence the existence of Bitbns came into play.
In Bitbns more than 386 cryptocurrencies are listed and available for trading. To trade in any currency user must complete its KYC verification process. According to them, the KYC process in Bitbns takes only 5 minutes. You just need to fill in your details and you will be able to trade. To ensure the least risk with Bracket Orders that come with Trailing Stop Limit.
It allows its users to deposit funds through multiple payments methods like UPI, NEFT, IMPS, and RTGS. For depositing in Bitbns wallet your KYC details must match the bank details provided by you.
For normal users, Bitbns takes a total of 0.25% of the takers and makers fee. Although it has no withdrawal fee.
There’s KYC, 2fa, fingerprint/pin access, and a lot more. Because lots of security is always a plus. Also, bitbns stores its funds on decentralized cold wallets.
Pros:
- More Listed Currencies to trade
- .Fast KYC.
- UPI Deposit Method.
- Strong Security
Cons:
- A bit high fee
CoinSwitch Kuber:
CoinSwitch is a widely used crypto exchange in India that was created in 2017 and has grown to be one of the most important crypto exchanges in one of India’s largest economies.
Here you can start your crypto journey with just Rs.100 and you can trade across 80+ cryptocurrencies, It takes charges of 0.5% on transactions. Although it won’t have any deposit and withdrawal fees.
This crypto exchange has a simplistic and user-friendly interface and it is good for absolute beginners. It gives you a signup bonus equivalent to Rs.100 BTC.
It has more than 10M active users with 100K cr. trade volume. It allows its users to deposit funds through UPI and Bank deposits.
It is currently available on android and OS platforms only. It has a 4.2 /5 user rating.
Pros:
- Easy to deposit
- Simple UI
Cons:
- A bit high fee
- High charges
- A small number of listed coins