Best Cryptocurrency Exchange App In India 2023 | Best Crypto Exchange In India

Best Cryptocurrency Exchange App In India : The first thing to know about choosing a cryptocurrency exchange in India that the exchange you choose matters. The choice you make will impact how profitable your trades are, how easily you can buy and sell crypto assets, and in some cases, whether you get your money back at all.

I’m not exaggerating here. Millions of crypto investors around the world have been scammed out of billions of dollars in the past 5 years alone, and to date, very few of those funds have been returned.

So if you’re looking for a safe, secure Indian crypto exchange that doesn’t require a PhD to use, you’ve come to the right place. I’ve been an avid crypto investor for nearly 10 years now, and here are my top picks.

What Is The Best Crypto Exchange In India?

Article Name	Best Cryptocurrency Exchange App In India
Year	2023
Country	Whole World
Type	Cryptocurrency Exchange App Review
Post Site	https://winezones.in/

Top Cryptocurrency Exchange App In India List

• Capital – Best Overall
• Coin Smart – $50 Signup Bonus
• Pepperstone
• WazirX
• CoinSwitch
• LocalBitcoins
• BuyUCoin
• CoinDCX
• Unocoin
• Bitbns

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Top 10 Cryptocurrency Exchange App In India

1. Capital – Bestoverall

Capital allows users to trade crypto alongside stocks, commodities, forex, market indices, ETFs and more-all without any trading fees. It supports 100+ cryptocurrencies, and users can trade with 2x leverage on crypto (up to 500x leverage on other assets).

Capital charges a tight spread ranging from 0.1% – 0.3% (depending on the asset), making the overall cost of using the platform (0% trading commissions + 0.1% – 0.3% spreads) very low. It has a fully functional desktop platform, a well-rated mobile app (4.7/5 on Android and iOS), and an excellent demo account where you can practice trading with real assets in real-time.

Capital is licensed by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK, which means it’s a safe, secure platform. Every user receives a dedicated account manager they can reach by email or phone anytime, which is the part of the reason Capital’s costumer support team receives such positive reviews.

Deposits ans withdrawals are always free with Capital, and you’ll never pay trading commissions regardless of whether you place spot orders or limit orders. Capital is ISO 27001 certified for meeting robust information security standards, making it and extremely safe platform to trade with.

The biggest drawback of Capital is that it can take several days to have your account verified since their verifications team is overwhelmed with signups right now.

Features

• Zero trading commissions
• Tight spreads (0.1% – 0.3%)
• Supports 100+ cryptocurrencies
• Allows up to 500x leverage (2x leverage on crypto)
• Fully functional demo account for paper trading
• Free deposits and withdrawals via debit/credit cards, bank transfer, POLi, PayPal, Apple Pay, etc.
• Dedicate account manager you can reach at any time
• Excellent desktop trading platform
• Well-rated mobile app (4.7/5 on both Apple and Google)
• Licensed by the Australian Securities and Investments Commissions (ASIC)
• ISO 27001 certified for meeting extremely high information security standards

Cost

• Trading fees: 0%
• Spreads: 0.1% – 0.3%
• Deposits & Withdrawals: Free

Signup Bonus

Skip the waitlist and have your account approved immediately.

Best For

Investors looking for the best overall crypto trading experience with no trading commissions.

2. CoinSmart – $50 Signup Bonus

CoinSmart offers very low trading fees: just 0.2%. It supports 16 cryptocurrencies, verifies accounts instantly, prides itself on its helpful customer service reps, and has a beautiful, well-rated app.

As a Canadian exchange, CoinSmart is regulated by several Canadian financial authorities, which keeps your money safe and secure. CoinSmart is also a publicly-traded company on Toronto’s NEO stock exchange, which means they’re subject to third-party financial and security audits at least once per year.

I’ve personally used CoinSmart for over a year, and I’ve had nothing but excellent experiences with them. I’ve tried out many of the other cryptocurrency exchanges on this list, so I’m confident that CoinSmart is the best platform for most crypto investors.

From now until October 10, 2022, CoinSmart is offering a $50 signup bonus to Yore Oyster readers who fund their account with $200 or more. If you’re looking for a highly-respected exchange that offers the lowest fees, excellent customer service, and a slick mobile app, open a CoinSmart account today.

Features

• Extremely low trading fees (just 0.20% per trade)
• 24/7 customer support available via phone, live chat or email
• Instant account verification
• Supports 16 cryptocurrencies
• Immediate deposits and withdrawals
• User-friendly for both beginners and advanced traders
• 95% cold storage policy keeps your crypto extra secure

Cost

• Account Opening: Free
• Trading Fees: 0.20%

Signup Bonus

$50 bonus when you signup.

Best For

Investors looking to trade stablecoins or altcoins with the industry’s lowest fees.

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3. Pepperstone

Pepperstone is an Australian brokerage and CFD trading platform licensed and regulated by the Australian Securities and Investments Commission (ASIC), the FCA in the UK, and the DFSA in the United Arab Emirates. With direct access to CFDs on indices and cryptocurrencies, ETFs, stocks, and forex, Pepperstone is an all-in-one investing platform used by crypto traders worldwide.

I appreciate Pepperstone for its low trading commissions, tight spreads, and extensive offering of assets to invest in. Experienced investors can trade with 10x leverage (depending on jurisdiction and experience), which is available on most crypto assets.

Pepperstone doesn’t charge any deposit or withdrawal fees, and spreads range from just 0.0 to 1.2 pips depending on the underlying crypto asset. The Pepperstone app is rated 4.3/5 on Android and 4.0/5 on iOS, with customer support available 24/7 via telephone or email to answer all your questions.

Features

• Zero trading commissions
• Tight spreads (around 0.0 – 1.2 pips)
• 24/7 customer support via phone and email
• Up to 10x leverage (depending on jurisdiction) on most crypto assets
• Access to TradingView’s advanced charting tools
• Supports 20+ crypto CFDs
• Free deposits and withdrawals

Cost

• Spread: From 0.0 – 1.2 pips
• Trading Fees: Low
• Deposit Fees: Free
• Withdrawal Fees: Free

Best For

Experienced investors looking for low fees and access to charting tools.

4. WazirX

WazirX was founded by three friends with the goal of simplifying cryptocurrency investing for the masses. They’re based in Bangalore, and currently support 50+ cryptocurrencies.

Crypto trading with WazirX costs just 0.10%. Don’t be misled by the low number, though: buying crypto with WazirX will actually cost you much more than it does with Capital, since their spreads aren’t nearly as low.

They offer good customer support via live chat, and user accounts are verified within 2-4 hours.

Most crypto exchanges require users to trade every altcoin first with a stablecoin (e.g. Dogecoin with Bitcoin, and then Bitcoin with Shiba Inu), but WazirX allows users to trade altcoins directly (e.g. Dogecoin with Shiba Inu), minimizing fees and boosting your profits. And you’re buying real crypto with WazirX, which means you can move it on and off the platform whenever you want.

Features

• Supports 50+ cryptocurrencies
• Lowest trading fees in the industry (just 0.10% per trade)
• Account verification in 2-4 hours
• Start with as little as ₹100
• Trade all altcoins directly
• Immediate deposits and withdrawals
• User-friendly for both beginners and advanced traders
• Extremely tight security policies keep your digital assets extra secure
• 24/7 customer support available via live chat

Cost

• Trading Fees: 0.10%

Best For
Investors looking to trade stablecoins and altcoins with the industry’s lowest fees.

5. CoinSwitch

CoinSwitch has been a mainstay in the Indian crypto market for a while now. It supports 80+ cryptocurrencies, prides itself on responding to customer support emails within 15 minutes, and has a well-rated mobile app.

Like Capital, CoinSwitch doesn’t charge any crypto trading fees. That’s because it’s a non-custodial exchange, which means it doesn’t hold any crypto or user funds itself. Instead, CoinSwitch acts as a go-between that allows users to buy through other crypto exchanges easily and at excellent prices.

This is great both a benefit and a downfall of CoinSwitch: it makes buying crypto easy, but means that you don’t get all of the benefits of a regular exchange. If you choose not to open an account with Capital, CoinSwitch is a decent option, too.

Features

• Zero Trading Fees
• Easy to use for both beginners and advanced traders
• Start with as little as ₹100
• Supports 80+ cryptocurrencies
• Extremely fast customer support
• Powerful mobile app
• Never hold user crypto or funds

Cost

• Zero Trading Fees

Best For

Investors looking to trade altcoins with a crypto exchange that never touches their funds.

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6. LocalBitcoins

LocalBitcoins takes a different approach than most of the others on this list: rather than trading with the broader market, you actually buy and sell with individual traders. It’s earned a loyal user base for its overall ease of use, and it’s one of the oldest cryptocurrency marketplaces around today.

The main reason I like LocalBitcoins, though, is for its low barrier to entry. Since you’re trading with other people, not with LocalBitcoins itself, it’s easy to get your account verified and start making trades.

LocalBitcoins users do need to proceed with caution, though; it’s possible to get scammed by other users on the site, especially when selling Bitcoin for cash. One common scam, for example, is a buyer who pays you via PayPal and then files a PayPal dispute once they’ve received your Bitcoin. Other payment methods (eg. INTERAC e-transfer, bank wire and credit cards) may be more secure, but still, be careful. If it seems too good to be true on LocalBitcoins, it probably is.

Features

• Easy to use
• Very easy to start trading
• Low transaction fees
• Deposit Canadian dollars via bank transfer, INTERAC e-transfer, Moneygram, Wise, PayPal, ATM deposit, and more
• Helpful customer support

Cost

• Trading fees: 0.00006 BTC (~$4 CAD) flat fee per transaction
• Depositing funds: Free
• Withdrawing funds: Free

Best For

Investors looking to buy and sell Bitcoin quickly and easily.

7. BuyUCoin

BuyUcoin is the product of three Indian minds, in operation since 2016. You may use BuyUcoin to trade Bitcoin and other cryptocurrencies. They also offer wallet services for storing or holding your Bitcoin there. They’re one of the most reputable crypto exchanges for crypto trading in India.

Users’ passwords are encrypted using the Salting method by BuyUcoin, preventing them from accessing the data. They keep 95% of their funds in non-volatile cold storage. They provide two-factor authentication as well as a mobile app.

BuyUcoin charges a deposit fee, which is determined by their banking partner, a maker/taker charge of 0.24%. When you withdraw Bitcoin, you must pay 0.00125 BTC per BTC withdrawn. There are no fees when depositing Bitcoin or any other cryptocurrency at BuyUcoin.

Features

• Supports 30+ cryptocurrencies
• Easy registration process
• Wide range of resources to help beginner traders
• Offers easy-to-use tools to aid you while crypto trading
• Offers advanced charting tools for more experienced traders

Cost

Trading Fees: 0.24%

Best For

Experienced traders seeking strong charting capabilities.

8. CoinDCX

CoinDCX is a beginner-friendly Indian crypto exchange that supports 100+ cryptocurrencies. They maintain a 95% cold storage policy, which keeps your crypto safe and secure.

Customer accounts are also insured by Bitgo, so you’ll be reimbursed for your losses if CoinDCX ever experiences a security breach.

They charge crypto trading fees of 0.10%, and a fairly hefty withdrawal amount of 0.001 BTC (~₹4,400) per BTC. With that said, their fee on UPI deposits is quite low.

To trade with CoinDCX, you must first deposit money in INR or a cryptocurrency. They accept bank transfers, net banking, NEFT/RTGS, IMPS, and UPI for payments. To withdraw your funds in INR, you have the option of sending a bank transfer directly.

Features

• Supports 100+ cryptocurrencies
• Quick account verification
• 95% cold storage policy

Cost

• Trading fees: 0.10%
• Deposit fees: 0%
• Withdrawal fees: 0.001 BTC (~₹4,400) per BTC

Best For

Investors looking to buy and hold cryptocurrencies for long periods.

9. Unocoin

Unocoin is one of India’s oldest cryptocurrency exchanges. They offer a device-independent crypto trading platform and have over a million users via their mobile app, which includes a hardware wallet. Most of the traders’ crypto assets are kept in cold storage vaults. In its lifetime, the computer that generates these Bitcoin addresses will never connect to the internet.

In addition, Unocoin enables two-factor authentication and fingerprint protection for its mobile application. The trading platform charges a 0.7 percent fee on Bitcoin transactions, but it lowers to 0.5 percent once you’ve achieved gold membership status. Unocoin assesses a fee of 0.0005 BTC per Bitcoin (~₹2,200) when withdrawing funds.

Features

• High trading fees
• High withdrawal fees
• India’s oldest crypto exchange

Cost

• Trading Fees: 0.70%
• Deposit Fees: 0%
• Withdrawals Fees: 0.001 BTC (~₹4,400) per BTC

Best For

New investors looking for a starting point in cryptocurrencies.

10. Bitbns

Bitbns is one of India’s crypto exchanges with a more user-friendly design. It’s built with beginners in mind, as well as all of an investor’s needs. They provide a broad range of features and flexibility. You can complete the registration procedure in just two easy steps: fill out your information and get started trading cryptocurrencies.

Bitbns uses cutting-edge security technologies to keep your money safe. Bitbns also employs the most advanced Grade-A security feature, ensuring the security of all of your transactions. In addition, they have implemented two-factor authentication for data protection.

Bitbns charges a fixed 0.25% trading fee from its users, except those with a VIP pass. You may obtain a VIP service in as little as 10 minutes by having at least $25 worth of BNS tokens. Bitbns supports all major payment options, including UPI. You can deposit using NEFT, IMPS,

Features

• Supports 10 cryptocurrencies
• Designed for beginners
• Instant deposits
• 95% cold storage policy

Cost

• Trading Fees: 0.25%

Best For

Beginner investors looking for a user-friendly cryptocurrency exchange.

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What To Look For In A Great Indian Crypto Exchange

There are a number of factors to consider when selecting the top crypto exchanges in India. Some of these factors include:

• Supported coins: The best crypto exchanges offer a wide range of coins to trade, as this gives investors the opportunity to maximize their profits by trading a variety of crypto assets.
• User interface: A seamless trading interface that’s simple to understand and easy to navigate is important, especially for beginners. However, if you are a more seasoned crypto investor, you may want to look for an exchange with more advanced features.
• Fees: All crypto exchanges charge some sort of fee for their services, so it’s important to find exchanges that offer competitive rates. Otherwise, you’ll end up losing a significant portion of your profits to fees.
• Regulation: One of the most important factors to consider when choosing an exchange is how it’s regulated, since a well-regulated exchange is much safer to use than an unregulated one.
• Deposit & withdrawal options: Crypto exchanges should offer a variety of payment methods so that investors can easily transfer funds in and out of their accounts.
• Account security: Look for crypto exchanges that have implemented multiple layers of security, such as two-factor authentication and cold storage of 95% or more.
• Customer support: The best crypto exchanges always have excellent support so users can get help if they run into any problems. Consider how many channels you can use to reach their support team, their response times, and how helpful those responses are.

In Summary

Choosing the best Indian crypto exchange is far from straightforward, given how many are out there and all of the different features each of them offers. As a long-time crypto aficionado myself, I’ve spent years keeping up with the best cryptocurrency exchanges in India, so I’m confident in recommending the ones I personally use.

Capital is the favourite among knowledgeable Indian crypto investors, both for its enterprise-grade security and zero trading fees. If you’re looking for a safe, cost-effective way to buy and sell crypto in India, I can’t recommend Capital highly enough.

Best Crypto Exchange India FAQ