Are you looking for an exchange for cryptocurrency in India?
We understand the dilemma – finding an exchange for cryptocurrency is difficult. It’s especially difficult finding a cryptocurrency exchange that works in India because most exchanges for cryptocurrency don’t accept deposits of Indian rupees.
The few exchanges that do tend to have high fees, low trust, or not many cryptocurrencies available to trade.
This makes it difficult for Indians to purchase cryptocurrency, which is why we have compiled a list of the best exchanges for cryptocurrency in India.
The 5 Best Exchanges for Cryptocurrency in India
Here are the five best exchanges for cryptocurrency in India. This list has taken security, trust, availability of cryptocurrencies, and fees into account.
We strongly recommend using one of these exchanges if purchasing cryptocurrency in India.
WazirX is the most popular exchange for cryptocurrency in India for good reason – it has low fees and an emphasis on user security.
So, how low are the fees on WazirX?
The trading fees range from 0.1% to 0.2% for transactions. There are no deposit or withdrawal fees.
The trading fee is the only fee that WazirX charges.
Deposits and withdrawals are both available in Indian rupees.
As for the number of trading pairs, WazirX has 155 trading pairs. Most of the trading pairs involve Tether (USDT). Fortunately, there is a USDT/INR trading pair, which does give you the option of purchasing all the cryptocurrencies available on the marketplace.
Finally, WazirX has a peer-to-peer (P2P) exchange with escrow as well. This allows you to set your own prices when selling or buying cryptocurrency. Just keep in mind that the P2P orders often take slightly longer to process than trades made with WazirX.
We recommend using WazirX to purchase cryptocurrency in India. It has low fees and good security. There aren’t really any negatives to using WazirX as a cryptocurrency exchange.
Despite this, we will still provide some other options in case you don’t want to use WazirX.
Best Indian Cryptocurrency Exchange for Altcoins – BuyUcoin
BuyUcoin is another popular option for purchasing cryptocurrency in India. It’s a domestic cryptocurrency exchange founded by Indian tech entrepreneurs in 2016.
In fact, BuyUcoin was the first cryptocurrency exchange in India to offer P2P transactions.
Anyway, a cryptocurrency exchange existing without any major security issues for four years is noteworthy – they’re an exchange you can trust.
Our favorite feature of BuyUcoin, however, is the lack of fees. There are no fees for deposits, withdrawals, or trades done on their OTC desk.
Instead, BuyUcoin charges a variable fee depending on the cryptocurrency being traded and the time of day.
This means that the fees on BuyUcoin are quite low. You can expect to pay a total of 0.1%-0.25% in fees when using BuyUcoin.
BuyUcoin also offers a decent trading platform. It’s not a trader focused exchange, but it does offer a good amount of data. It’s enough data that you can successfully day trade cryptocurrency on BuyUcoin.
Finally, BuyUcoin has over 30 different cryptocurrencies available for purchase. These include all the popular cryptocurrencies such as bitcoin, Litecoin, Ethereum, and Tether.
We don’t have any complaints about BuyUcoin. We actually BuyUcoin if you want to purchase altcoins at a lower fee.
If you want to purchase bitcoin, then WazirX is likely a more affordable option.
Best Indian Cryptocurrency Exchange for Altcoins – CoinDCX
Are you searching for a cryptocurrency exchange that has every altocin you will ever want and accepts Indian rupees?
CoinDCX is the cryptocurrency exchange for you.
CoinDCX has over 200 different cryptocurrencies, so you shouldn’t have any problem finding a cryptocurrency.
The fees on CoinDCX are extremely low – a 0.1% maker fee is charged on transactions and a very small withdrawal fee is charged.
There are no fees on deposits.
It’s important to note that CoinDCX does not support fiat currency withdrawals. You can only make withdrawals in cryptocurrency and a small withdrawal fee is charged.
This is unfortunate, but the low fees do make up for this.
We recommend CoinDCX if you’re trying to purchase obscure altcoins not available on other cryptocurrency exchanges. It’s not the best exchange for purchasing coins because you can’t withdraw in fiat.
It is the best exchange for purchasing altcoins, though.
BitBNS was one of the first cryptocurrency exchanges in India (launched December 2017), so it has longevity on its side.
As mentioned before, longevity is extremely important when searching for a cryptocurrency exchange, so that’s a huge plus that can’t simply be overlooked.
Anyway, BitBNS has over 70 cryptocurrencies available for sale. You won’t have any problem finding the cryptocurrency that you want on this platform.
The fees aren’t high, either. Fees range from 0.03%-0.25% per transaction. There also aren’t any withdrawal or deposit fees, which is convenient.
All things considered, we don’t have any problem with BitBNS. It’s a great platform with low fees and plenty of available cryptocurrencies. Deposits and withdrawals are available in Indian rupees, which is convenient for an exchange offering over 70 cryptocurrencies.
Colodax is the final exchange for cryptocurrency in India that we recommend. It has 12 cryptocurrencies available to trade, which isn’t a lot compared to some of the other exchanges.
We do like that it’s a P2P exchange, though. And the fees aren’t too bad at only 0.15% for buyers and sellers.
Deposits and withdrawals are accepted in Indian rupees with no fees, which is convenient.
We really have no problem with Colodax as an exchange. We wish it had more currencies available to trade, but the fees are low enough that it’s still a competitive exchange.
Just don’t use it if you want to purchase a lot of different altcoins.
That covers it for the best exchanges for cryptocurrency in India. As always, you can’t go wrong with any of the exchanges we have listed.
Our favorite is WazirX because of its reputation, low fees, and large selection of coins. The other four options are also great for specific purposes (altcoins or trading), but we recommend WazirX for beginners.