There are several crypto exchanges in India that stand out among the rest based on the features and services that they offer to the users. The use and prominence of crypto assets is increasing in India with millions of users nationwide. However, there is some conflict in the country as a while back the Indian authorities wanted to ban crypto-related operations. Despite the sentiments of the authorities, the people are quite intrigued by the crypto assets and focused on the crypto space as well.
Even though there are numerous crypto exchanges in the market, it is important to know that not all of them offer their services to all parts of the world. Due to regulatory problems and other restrictions, some crypto exchange refrain from extending their services to all countries. In such a case, it is important that you choose a platform that is available in your country or region to avoid any unnecessary difficulties.
Therefore, if you are in India and you want to start buying or trading crypto then you should know about your possible options and choose the best crypto exchange in India that matches your criteria and requirements the most.
Crypto Exchanges in India – CoinDCX
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One of the topmost and well-known exchanges in the Indian market is CoinDCX. It was launched in 2018 and is relatively newer than some other platforms. It was co-founded by Sumit Gupta and Neeraj Khandelwal. This is one of the most prominent exchanges in the country, thanks to its outstanding features and services offered to all the users, whether they are experienced or inexperienced.
This exchange has one of the largest customer bases in the market, which is around 3.5 million registered investors. The multitude of crypto assets that are supported by the exchange is one of several reasons why it stands out among other crypto exchanges in the country.
The CoinDCX exchange offers support to more than 200 altcoins that the users can choose from. Whether they want to buy or sell them. It is also one of the best crypto exchanges in India, thanks to its fair and transparent fee structure. As a user of the exchange, you will be required to pay very low fee, which is based on market maker and taker model, according to which either party would have to pay 0.1% fee.
One of the top crypto exchanges in India is Unocoin. It is also one of the oldest cryptocurrency exchanges as it was established in 2013. This platform also offers impressive features to the users and aims to make crypto investing and trading easier. As compared to its competitors.
It has a large customer base, with approximately 1.5 million investors. It has been active in the crypto space for quite some time and stands out among its competition in more than one ways.
One of the factors why it can be the best crypto exchange in India for you is its fair and straightforward fee structure. The users of the exchange are required to pay a fee of 0.7%. Whether they want to buy crypto assets or sell them. It also offers a gold membership that further reduces the fee to around 0.5%.
People looking to use this exchange can buy or sell crypto on Unocoin with INR. And can even pay their bills with BTC on the platform.
One of the reasons why WazirX is one of the top crypto exchanges in India is that it has been acquired by one of the top names in the crypto industry, the Binance exchange. This is the largest crypto exchange in the world, which adds a lot of value to WazirX.
This exchange is also one of the most prominent ones in the country. As it has its own digital asset called WRX. This platform offers several options for the users, that can make it easy for them to purchase digital assets.
As a user of the WazirX exchange you can invest in crypto by using:
- P2P transfers
- US dollar
This exchange is also one of the best crypto exchanges in India as it prioritizes the safety of its users above all else. It makes use of state-of-the-art security systems such as two-factor authentication system. Also App passcode that offer utmost safety to the users.
Even though crypto assets are quite the buzz in the crypto space. They are not fully embraced or regulated in all parts of the world. Therefore, due to regulatory strictness, some of the popular crypto exchanges do not extend their services to all countries around the world. This is why it is important to look for suitable exchanges in your country or region first. If you live in India then you should know about the top crypto exchanges in India, mentioned above.