Best Crypto Exchanges in India

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Looking for the best crypto exchanges in India to start your trading journey? Here’s a curated list of the top platforms offering security, low fees, and a seamless trading experience.

Here's our short list of the best crypto exchanges in India:

1. Binance India (best overall crypto exchange in India)
2. Kraken (high-quality features and security)
3. Wazirx (best local crypto trading platform)
4. Coinswitch (a compliance-focused mobile app)
5. Delta Exchange (best for derivatives trading)
6. Mudrex (local platform with flexibility)
7. Unocoin (great for straightforward DCAs)
8. CoinDCX (sound option for altcoin traders)

Best Crypto Trading Platforms In India Reviewed

1. Binance India – Best overall crypto exchange in India 

Why we picked it

Binance India introduces Indian traders to the capabilities of the largest cryptocurrency exchange in the world, offering a robust platform for purchasing, selling, and trading digital assets. As part of the global Binance network, it grants access to significant liquidity, a wide array of cryptocurrencies, and various ways to generate passive income – all while facilitating smooth transactions in INR. 

For more information on how to get the $300 Binance bonus, read this article on claiming the Binance referral code.

A key highlight of Binance India is its broad selection of supported cryptocurrencies. In contrast to many exchanges that restrict users to primary tokens like Bitcoin and Ethereum, Binance provides access to more than 480 digital assets, including altcoins, DeFi tokens, and up-and-coming projects. The platform also makes transactions easier by allowing deposits and withdrawals in Indian Rupees.

Liquidity is another significant benefit of trading on Binance. It allows users to carry out trades rapidly and at competitive rates, even for substantial orders. This is particularly crucial in fluctuating markets, where slippage can significantly affect profits. 

Additionally, Binance offers some of the industry's lowest trading fees of 0.1% and 0.1% for maker and taker orders, with further reductions available for users who utilize the platform's native BNB token for transactions. 

Another popular feature is the Binance Launchpool, which enables users to stake BNB or other supported tokens and receive newly listed projects as rewards. For users interested in borrowing or lending, Binance also provides crypto-backed loans, offering more flexibility within its financial ecosystem.

Binance's primary focus is the security of user funds, and the platform implements several measures to safeguard assets. These measures include two-factor authentication (2FA), withdrawal whitelisting, and keeping most funds in offline cold wallets. 

The exchange complies with Indian regulatory guidelines, increasing local users' confidence. To further enhance the experience, Binance provides dedicated customer support for Indian traders, ensuring readily available assistance.

The BNB token is crucial to the Binance ecosystem, offering benefits like reduced trading fees, exclusive token sale access, and enhanced functionality across services. For Indian investors, acquiring BNB can lower costs and create opportunities within the Binance network.

Read more in our Binance review.

2. Kraken – High-quality features and security

Why we picked it

Kraken is particularly favorable for those enthusiastic about Ethereum. It provides a secure and effective trading atmosphere that appeals to investors. What distinguishes Kraken in the bustling exchange landscape is its steadfast dedication to security and a remarkable variety of trading options and earning possibilities.

Security is at the core of Kraken's operations, differentiating it from numerous competitors. The exchange utilizes top-notch encryption and stringent two-factor authentication measures, keeping most user funds in offline cold storage. This layered approach to security has enabled Kraken to uphold a flawless track record since its establishment, granting traders confidence when handling significant amounts. 

Regarding asset variety, Kraken offers a vast selection that exceeds Ethereum. The platform allows trading for hundreds of digital assets, covering major cryptocurrencies and promising altcoins across various blockchain networks. The presence of both well-established coins and new tokens offers numerous opportunities for traders with varying risk tolerance and investment approaches.

Like Binance, trading on Kraken is supported by the platform's deep liquidity pools, which ensure seamless order execution even for large transactions. This liquidity benefit enables traders to enter and exit trades with minimal price slippage, a vital consideration for those implementing precise trading tactics. 

The exchange provides various interfaces to cater to different skill levels – from a simplified view for novices to the feature-laden Kraken Pro with advanced charting capabilities for professional traders.

Discover more in our Kraken review.

3. Wazirx – Best local crypto trading platform

Why we picked it

Since its launch in 2017, WazirX has established itself as one of India's most prominent cryptocurrency trading exchanges. Designed with the general public in mind, the platform offers an intuitive interface that simplifies the often complex world of crypto trading. 

Its straightforward registration process and clean layout have made it appealing to first-time investors looking to enter the digital asset space. The exchange even provides a demo trading feature, allowing traders to practice with virtual funds before risking real money – an educational approach that helps build confidence and trading skills.

The platform's accessibility extends to its diverse trading options. Users can engage in spot trading, futures contracts, margin trading, and staking, providing multiple avenues to participate in crypto markets. 

WazirX supports an extensive selection of cryptocurrencies, from major players like Bitcoin and Ethereum to numerous altcoins, giving traders ample choice for portfolio diversification. Payment methods cater specifically to Indian users, supporting UPI, NEFT, and IMPS transfers, making deposits and withdrawals convenient.

However, WazirX's reputation has faced significant challenges following a major security breach in July 2024. The $235 million WazirX hack, which exploited vulnerabilities in a multi-signature wallet system, has shaken investor confidence. While the exchange was previously viewed as trustworthy due to its associations with Binance and the Blockchain India Fund, its handling of the aftermath has drawn criticism. 

As seen in our WazirX review, the exchange does maintain some competitive advantages. Its 0.2% trading fee remains reasonable compared to many competitors, and features like peer-to-peer (P2P) trading provide additional flexibility. WazirX also offers robust educational resources and community support, making it appealing for those starting their crypto journey.

For Indian crypto enthusiasts, WazirX presents a mixed picture. Its user-friendly design and educational focus make it potentially valuable for most, but the recent security breach and subsequent handling of user funds have introduced significant concerns. 

4. Coinswitch – A compliance-focused mobile app

Why we picked it

Since its launch in Bengaluru in 2017, CoinSwitch has transformed India's cryptocurrency market with its mobile-only platform. Acting as an innovative aggregator, it connects users to the best rates across various exchanges without maintaining its order books. This unique approach, along with its non-custodial model that keeps users in control of their assets, has led to over 10 million downloads, establishing CoinSwitch as a leading crypto gateway in India.

CoinSwitch stands out with its dual function, offering a user-friendly entry to cryptocurrency. New users can start trading with only ₹100, and the onboarding process takes just minutes, supported by multilingual options. Investors benefit from tools like crypto SIPs for rupee-cost averaging and price alerts to stay updated with minimal effort.

CoinSwitch Pro offers enhanced capabilities for traders. This upgraded interface enables users to trade across multiple associated exchanges from one dashboard, including limit orders and basic analytics. The platform's aggregation model allows traders to automatically access the best prices from the combined liquidity pools of partner exchanges, which is a key advantage in India's occasionally fragmented cryptocurrency markets.

The platform adheres to stringent compliance standards as a registered FIU entity with ISO 27001 certification. Its non-custodial method ensures that users retain control of their assets rather than having them held by the exchange – an essential philosophical distinction that appeals to cryptocurrency enthusiasts. Furthermore, assets are safeguarded through SOC 2 Type II certified custodians when not actively traded.

For India’s burgeoning crypto community, CoinSwitch embodies the ideal user-friendly simplicity for novices and enough complexity to satisfy intermediate traders. Its unique aggregation model provides better pricing while upholding strong security measures. As regulatory clarity in India improves, CoinSwitch's focus on compliance positions it favorably for sustainable growth. 

5. Delta Exchange – Best for derivatives trading

Why we picked it

Delta Exchange primarily targets traders who wish to speculate on crypto price fluctuations without holding the underlying assets. It provides derivative products, including options contracts with daily, weekly, and monthly expirations across significant cryptocurrencies such as Bitcoin, Ethereum, and BNB. This emphasis on derivatives makes Delta particularly attractive for traders employing advanced strategies, although investors can benefit from the platform's mock trading environment and automated bot features.  

Read our Delta Exchange review.

A notable aspect of Delta is its dedication to making derivatives trading more accessible. The demo version enables new traders to practice using virtual funds. At the same time, robot tools assist in automating strategies – features that facilitate learning in the intricate realm of crypto derivatives. Security protocols are robust, and the platform offers a version compliant with Indian regulations, addressing legal concerns in one of its significant markets.  

Nonetheless, Delta Exchange has some drawbacks. Its exclusive focus on derivatives limits spot trading options, which may necessitate users to hold accounts on various exchanges. The exchange also supports fewer blockchain networks than competitors, potentially restricting funding and withdrawal options for specific users.  

Compared to larger competitors like Binance or Bybit, Delta Exchange provides deeper specialization in derivatives but lacks the wide range of services they offer. The platform's innovative product releases indicate its commitment to meeting the needs of derivatives traders. Still, the lack of depth in spot markets and geographic restrictions could dissuade some prospective users.  

6. Mudrex -Local platform with flexibility

Why we picked it

Mudrex, a Y Combinator-supported exchange, has attracted more than 2 million users by meeting a vital market need – making crypto investing accessible for the average individual while offering advanced features for seasoned traders. Mudrex effectively acts as both an educational foundation for people and a comprehensive toolkit for investors, all while complying with India's regulatory frameworks.

The platform's most innovative feature is its proprietary Coin Sets – thoughtfully curated collections of cryptocurrencies classified by themes such as Web3, AI, or blue-chip tokens. These pre-made portfolios serve as excellent starting points for novice investors looking for diversified exposure without the complexity of selecting individual assets. 

Mudrex provides an impressive selection of over 650 cryptocurrencies, including all significant coins and promising altcoins, for those wanting greater control. The interface has been meticulously designed to support users at every stage, from instant UPI deposits (without fees) to systematic investment plans resembling traditional SIPs.

Beyond spot trading, Mudrex offers a variety of products to suit different investor preferences. Conservative investors can allocate their funds in crypto vaults to generate passive income. At the same time, active traders can take advantage of futures contracts with leverage up to 100x across more than 350 trading pairs. 

Mudrex recently launched daily trade signals and will introduce a copy trading feature, demonstrating its support for passive and active investment strategies. Security is prioritized with video KYC verification for withdrawals introduced in 2024.

While the fee structure includes a 2% cryptocurrency withdrawal fee and a 1% penalty for early redemption of Coin Sets, these costs are reasonable given the platform's strong infrastructure and regulatory compliance. As one of the few Indian exchanges registered with the Financial Intelligence Unit (FIU) and adhering to European standards, Mudrex offers essential security in today's regulatory landscape.

Although it has some shortcomings – the withdrawal fees could be more competitive, and some traders might miss advanced charting features – Mudrex's balanced approach positions it as one of India's most flexible crypto platforms. 

7. Unocoin – Great for straightforward DCAs

Why we picked it

Established in 2013, Unocoin is the first cryptocurrency exchange in India and plays a crucial role in the country's digital asset landscape. Starting in Tumkur and moving to Bengaluru, it now serves over 2.34 million users with over 50 cryptocurrencies, including Bitcoin and Ethereum. Despite newer competitors, Unocoin maintains its relevance through a straightforward approach tailored for Indian investors.

Key features include the Systematic Buying Plan (SBP), which automates regular purchases of Bitcoin or Ethereum to help minimize volatility through rupee-cost averaging. Additionally, Unocoin offers Over-the-Counter (OTC) trading desks for high-net-worth individuals and institutional traders, allowing for large transactions without affecting market prices.

The platform uses a mobile-first approach for easy access on various devices. Its app caters to beginners with simplified trading and experienced traders with advanced order types. Users can deposit and withdraw INR easily, and security features like two-factor authentication and multi-signature wallets enhance safety, though biometric authentication could improve it further.

Unocoin faces challenges with trading liquidity, resulting in wider spreads for less popular pairs. Customer support sometimes struggles during high demand. While it offers over 50 cryptocurrencies, its selection feels limited compared to more extensive exchanges.

Unocoin’s merchant services for Bitcoin payments are a notable feature for businesses as cryptocurrency adoption grows. The platform also provides staking options for passive income, though returns may not match specialized DeFi platforms.

Despite lacking flashy features, Unocoin’s focus on essential functions and regulatory compliance makes it a reliable choice in India’s evolving crypto landscape. Its long-standing presence and adaptability appeal to investors seeking stability, but it must enhance offerings to maintain user trust as mainstream adoption rises.

8. CoinDCX – Sound option for altcoin traders

Why we picked it

CoinDCX emerged in 2018 as India's first cryptocurrency unicorn, boasting a valuation of $1.1 billion, and has quickly become a benchmark for cryptocurrency trading in the region. With over 10 million users, this Singapore-registered exchange skillfully combines the security of institutional-grade standards with user-friendly retail features, providing a range of options from basic spot trading to advanced derivatives while adhering to Indian regulatory requirements.

Fundamentally, CoinDCX addresses the liquidity issues many local exchanges face by consolidating global order books, including collaborations with major players like Binance. This technical expertise enables smooth trading across an impressive array of over 500 cryptocurrencies, one of the largest selections in India, with narrow spreads even amid market fluctuations. 

The exchange's fee structure is notably attractive. It charges a mere 0.1% for maker and taker spot transactions while imposing no-deposit fees to keep expenses low for active traders.

The exchange particularly shines for intermediate to advanced users who can fully leverage its sophisticated charting tools and order types. However, some might initially find the interface information-dense compared to simpler competitors. While major trading pairs enjoy deep liquidity, some altcoins exhibit thinner order books – a trade-off for offering such a wide asset selection.  

For investors seeking a one-stop platform that grows with their expertise, CoinDCX presents a compelling proposition. The ability to start with basic spot trading while having access to professional tools like futures (with up to 25x leverage) creates a natural progression path. Staking and lending products offer yield opportunities that are often unavailable on simpler platforms.  

While the exchange isn't perfect – occasional liquidity gaps exist for smaller altcoins, and the learning curve may deter absolute beginners – its relentless focus on security, education, and product innovation keeps it at the forefront of India's crypto revolution. 

The State of Cryptocurrency in India

As of 2025, the state of cryptocurrency in India remains a mix of cautious regulation and growing interest. The Indian government has not banned cryptocurrencies but has imposed strict rules, including a 30% tax on profits and a 1% TDS (Tax Deducted at Source) on transactions, dampening trading volumes. The Reserve Bank of India (RBI) maintains skepticism, advocating for a central bank digital currency (CBDC) instead.

However, the Supreme Court’s 2020 decision overturning the RBI’s banking ban on crypto exchanges has allowed the industry to operate, albeit under scrutiny. Despite regulatory challenges, India ranks among the top countries in crypto adoption, driven by a young, tech-savvy population and remittance use cases.

The future of cryptocurrency in India hinges on more explicit regulations as the government explores a comprehensive framework under global standards like the Financial Action Task Force (FATF). While the 2023 G20 presidency pushed for international crypto cooperation, India’s draft bill on digital assets remains pending.

Local exchanges struggle with compliance burdens, but innovation in blockchain technology continues, particularly in decentralized finance (DeFi) and Web3 startups. Overall, India’s crypto landscape is at a crossroads—balancing innovation with financial stability—and its trajectory will depend on how regulators navigate this evolving space.

Frequently Asked Questions