Top Cryptocurrency Exchanges in India

Cryptocurrency Exchange is a business platform that allows individuals to trade cryptocurrencies or digital currencies for other assets such as cash or other digital assets. It includes several digital currencies such as Bitcoins, Ethereum, Dogecoin, and so on. A cryptocurrency is a new form of investment that is attracting a lot of investors. They are like shares and growing at a massive pace.

But at the same time, they carry high risks and volatility with them. The demand for cryptocurrencies in India is on the rise. Before investing in cryptocurrencies, investors need to choose an appropriate cryptocurrency exchange. In India, there are several cryptocurrency exchanges to choose from. Investors should make their decision about the exchange after weighing in all pros and cons of each exchange against each other. Some of the top cryptocurrency exchanges in India are listed below.

WazirX

WazirX has emerged as India’s largest and most trustworthy cryptocurrency exchange. It serves more than 2 million registered users on its platform. This platform allows investors to do both short and long-term trading in digital currencies. WazirX is considered a highly reliable and secure platform with strong norms and a responsive customer care unit. One of the biggest advantages of WazirX is that it enables investors with the direct deposit of Indian Rupees for the trading of cryptocurrencies. WazirX has also partnered with one of the biggest crypto exchanges in the world i.e., Binance. The one drawback of this platform is that it suffers from glitches due to its server issues and inability to control heavy traffic loads.

Fees Charged: WazirX charges a fee of 0.2% on all buys and sells trades for all markets and does not add any other additional or hidden charges. This 0.2% fee is one of the lowest among crypto exchanges making it one of the cheapest in India. The withdrawal fees for some of the most popular cryptocurrencies supported by WazirX are 0.0006 Bitcoins, 0.035 Ethereum, 0.01 Litecoin, and so on.

CoinDCX

CoinDCX offers exchange facilities across 200 different types of cryptocurrencies and assets. It caters to more than 3.5 million users. This platform is safe to use as it keeps most of their funds offline and thus is highly secured and not vulnerable to hacking. It supports easy payment gateways such as UPI & IMPS. The biggest benefit of this platform is that withdrawal is very easy and fast. Investors can withdraw their funds even without KYC. CoinDCX suffers from some drawbacks as verification is a lengthy process for high-value investors and Indian Rupees is the only fiat currency supported by this platform.

Fees Charged: CoinDCX charges a 0.04% fee for takers and a 0.06% fee for makers. This trading fee is lower than the industry standards. Although this low trading fee is compensated with a high withdrawal fee. It charges around 0.001 BTC fees on every Bitcoin withdrawal.

CoinSwitch Kuber

CoinSwitch Kuber is one of India’s leading crypto exchange platforms that allow investors to trade at the lowest amount. It serves more than 5 million users. It allows investors to trade at the best prices and lets them withdraw their investments anytime. This platform supports more than 500 cryptocurrencies such as Bitcoin, NEO, Ripple, Verge, and so on. It is a highly stable and user-friendly platform for investors in India. The process of KYC completion is very easy and quick. This platform supports immediate deposits and withdrawals of Indian Rupees. It provides real-time chat service for sound customer support service. The only limitation of this exchange platform is that it only supports Indian Rupee and compulsorily requires KYC.

Fee Charged: CoinSwitch Kuber does not have any deposit or withdrawal fees. The platform charges no fee for the first 100 days of registration. However, after the end of this period, the platform charges a trading fee of up to 0.5% based on the exchange selected by the investor.

UnoCoin

UnoCoin is emerging as a top global player in the crypto assets arena. UnoCoin has emerged as one of the most popular Bitcoin and Ethereum exchange platforms in India. It has over 1.2 million users worldwide. This platform enables investors to buy or sell cryptocurrencies and digital currencies by comparing their orders with each other. The exchange deals in Indian Rupee and can choose among daily, weekly, monthly, and annual payments. One of the biggest benefits of this platform is that it easily navigates all types of trading errors and interference. The limitation of this platform is that it is a bit more expensive as compared to other exchanges and has limited technical assistance options.

Fees Charged: UnoCoin charges a fee of 0.7% on all buy and sell orders. Users can lower their fees to 0.5% over an extended period of usage and a significant transaction volume. The maker fee is 0.4% and the taker fee is 0.6%. With 18% IGST leviable on transaction fees, buying, and selling of cryptocurrencies is a costly affair on UnoCoin.

Zebpay

Zebpay is a crypto exchange that helps traders to buy and sell cryptocurrencies such as Bitcoin, Ripple, Ethereum, Tether, Litecoin, and so on. This platform is gaining popularity globally as it serves over 3 million investors and operates across 160+ countries. Zebpay also provides an integrated crypto wallet in its mobile app. This platform provides trading in crypto assets through cryptographic tokens. It is best suited for users looking to invest for a short-term period as there are no deposit or withdrawal fees on this platform. It also ensures fast payments and settlement for BTC-INR transactions. One drawback of using Zebpay is that it supports only a limited number of cryptocurrencies.

Fees charged: Zebpay charges a maker fee of 0.15% and a taker fee of 0.25%. A fee of 0.10% is charged on intraday trade on this platform. It also charges a monthly membership fee of 0.0001 Bitcoin or equivalent.

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