Top 10 crypto exchanges in India

The Indian government does not officially recognise cryptocurrency, but it is not banned either. Due to this, it has given a chance for millions of people to trade or invest in digital assets. Here, you'll find some of the best cryptocurrency platforms in India.  

I've analysed the top platforms based on security, fees, supported coins, regulations, user experience, mobile app performance, and customer support. Whether you're a beginner or a professional trader, these exchanges offer something for everyone.

Bitget

Bitget has quickly gained popularity among Indian users because of its 1,300+ listed assets and strong support for local payments. You can buy Crypto with INR using debit/credit cards or third-party apps like Alchemy Pay, which integrates with google Pay and UPI.

For peer-to-peer (P2P) trading, Bitget supports INR transactions through PhonePe, Paytm, and bank transfers. The platform also offers futures trading, copy trading, trading bots, staking products, and a simple swap tool.

Trading Fees: Spot trading is charged at just 0.1%, while futures trading fees are 0.02% (maker) and 0.06% (taker).

Pros:

• Supports multiple INR payment methods

• Very competitive fee structure

• Peer-to-Peer marketplace for INR transactions

• Packed with advanced trading and investing features

Cons:

• INR withdrawals are not directly supported

• The platform is not registered with FIU-IND

Advertisment

Bitunix

Founded in 2022, Bitunix focuses on derivatives trading and is licensed as a Money Services Business (MSB) with the US FinCEN. It supports 414 futures contracts with leverage up to 125x and 500+ spot assets. You can buy Crypto with debit/credit cards and through third-party services. It also has a P2P marketplace for decentralised trading.

Trading Fees: 0.08%/0.1% (spot), 0.02%/0.06% (futures)

Pros:

• Regulated platform

• High-leverage futures trading

• Competitive fees

• Wide asset selection

Cons:

• Lacks trading bots and crypto loans

• Limited fiat on-ramp in some regions

BuyUcoin

Launched in 2016, BuyUcoin is one of India's oldest crypto exchanges with over 1 million users. It is registered with FIU-IND and offers 239 cryptocurrencies. The exchange provides a simple spot trading platform, an Easy Trade tool, and TradingView charts for advanced users. It also provides Systematic Crypto Investment Plans (SCIP), an NFT marketplace, and Bitcoin rebates.

Trading Fees: 0.24%

Pros:

• Officially registered with FIU-IND

• Decent variety of cryptocurrencies available
• Advanced charting through TradingView integration
• Built-in NFT marketplace for extra investment options

Cons:

• Limited to spot trading (no futures or derivatives)

• Lacks some advanced tools found on global exchanges

Advertisment

Zoomex

Zoomex, launched in 2021, already has 3 million users worldwide. It supports 532 spot assets and futures trading with up to 1000x leverage. The platform provides centralised trading, a DEX for wallet-to-wallet trades, and a P2P marketplace (though liquidity is limited). It is also registered as an MSB in the USA and Canada.

Trading Fees: 0.1% (spot), 0.02%/0.06% (futures)

Pros:

• MSB registered

• High futures leverage (1000x)

• Multiple trading methods (CEX, DEX, P2P)

• Good selection of assets

Cons:

• Mixed user reviews

• The P2P marketplace is not very active

Binance

Since 2017, Binance has been the world's largest crypto exchange by trading volume. It supports over 350 cryptocurrencies and offers a range of services, including spot and futures trading, staking, margin trading, copy trading, and launchpads. Users can deposit fiat in over 100 currencies with multiple payment options. Binance also has one of the lowest fee structures, which can be reduced further if you pay using BNB tokens.

Trading Fees: 0.1% (spot, lower with BNB), 0.02%/0.06% (futures)

Pros

• Holds the highest trading volume worldwide, offering access to 350+ cryptocurrencies.

• Very low trading fees (standard 0.1%, with further discounts when using BNB).

• Offers a complete ecosystem with features like launchpad, staking, and lending.

• Provides advanced trading tools and in-depth analytics.

• Strong liquidity is available across a wide range of trading pairs.

Cons

• The interface can be confusing for new users.

• We are dealing with regulatory issues in several countries.

• Suffered a significant hack in 2022, but the SAFU fund ensured no user funds were lost.

• Customer support tends to be slow at times.

KuCoin

KuCoin is one of the leading and popular cryptocurrency exchanges, often competing with Bybit and Bitget. In India, an all-in-one platform has gained popularity due to its low fees and INR acceptance. The exchange is registered with FIU-IND and operates in line with local regulations. With 941 listed cryptocurrencies and supporting purchases up to INR 400,000 through bank cards, IMPS, or Paytm.

Indian users can use Kraken through a credit/debit card or by transferring cryptocurrency. However, despite limited funding options, the exchange offers many valuable features in India. These include spot, margin, and futures trading, both flexible and fixed-term staking products, an easy crypto conversion tool, and a recurring buy option, which helps investors to follow a dollar cost averaging strategy.

KuCoin automatically deducts TDS, making it easier to simplify user compliance with Indian crypto tax regulations. Trading fees are straightforward: 0.1% (class-A assets), 0.2% (class-B), and 0.3% (class-C) on spot trades, while futures trading costs 0.02% for makers and 0.06% for takers. With these features, KuCoin is a strong choice for trading popular assets with INR while keeping compliant in line with Indian tax rules.

Trading Fees: 0.1% (Class A), 0.2% (Class B), 0.3% (Class C), 0.02%/0.06% (futures)

Pros:

• FIU-IND registered

• Automatic TDS compliance

• INR support via P2P

• Wide range of assets

Cons:

• No direct INR deposits

• Higher fees for less common assets

eToro

eToro, headquartered in Israel, started as a social trading platform before expanding into the cryptocurrency market in 2013. Today, it serves users in more than 100 countries, providing a regulated and user-friendly experience for traders. It allows users to trade in more than 100 cryptocurrencies across 50 trading pairs. Essential features include staking for certain coins and CFD trading with leverage.

Pros:

• Known for CopyTrader (social trading)

• Combines stocks, ETFs, and Crypto

• Regulated in multiple countries

• Beginner-friendly interface

Cons:

• Higher fees than crypto-only exchanges

• Limited crypto selection

• Some regions have wallet restrictions

Zengo

Zengo is a popular name in the Crypto wallets, providing special keyless security. Rather than depending on seed phrases, it chooses Multi-Party Computation and three-factor authentication. With this approach, it keeps their security stronger and also removes the risk of permanently losing access.

It's a mobile-first wallet with more than 320 cryptocurrencies on various blockchains. It comes with several features, including staking, swapping, selling, and buying. It offers fiat on-ramp and off-ramp services, enabling users to convert between fiat and cryptocurrency easily. However, it doesn't support the desktop and browser extensions. It is one of the best choices for managing Crypto daily.  

Pros:

• Innovative keyless security

• Wide crypto support

• Fiat on/off ramp included

• Mobile-first with biometric login

Cons:

• No desktop or browser extension

• Exchange fees are higher

• Limited staking options

Exmo

Exmo is a relatively lesser-known crypto exchange that has gained attention in India for its leverage trading and simple-to-use fiat on-ramp. The platform exchange provides 95 different assets. Although it's not officially registered in India, Indian users can still sign up from India. However, the exchange doesn't support INR, so users must use Crypto with USD, which may lead to international transaction fees for their banks.

Although Exmo doesn't support INR, Indian users can still access trading. They can spot trade on the spot market or use margin to boost their profits and losses by up to 50x. The platform also provides bundles of related cryptocurrencies, making it easy to create a diversified portfolio instantly. Additionally, it also provides a staking program with returns up to 17.5% and supports seamless crypto-to-crypto swaps conveniently.

Exmo is a reliable exchange that focuses on trading. Spot traders incur fees of 0.1% for crypto-to-crypto transactions, 0.2% for crypto-to-USDT transactions, and 0.3% for crypto-to-fiat transactions. Margin positions are charged 0.1% plus a 0.05% funding fee. For Indian traders who prefer margin trading over futures and are looking for an alternative to the major exchanges, it fills the role well.

Pros

• You can open for sign-ups without any restrictions.

• Allows buying Crypto with fiat currency

• Indian traders can access margin trade with up to 50x leverage.

• Crypto bundles make portfolio diversification for India users.

• Provide an all-in-one exchange serving Indian users.

Cons

• Does not support INR

• No local payment options

Conclusion

The best Crypto depends on your requirements. Before investing, consider factors like regulations and local payment options. Since crypto regulations in India are still evolving, it's wise to pick exchanges that comply with FIU-IND registration and offer transparent security practices.