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7 Best Crypto Exchange Platforms In India – A Brief Summary

The popularity of cryptocurrencies has been on the rise, especially after the massive rise of Bitcoin, Ethereum, and Dogecoin. As a result, the number of crypto exchange platforms in India has significantly increased. Crypto exchange India platforms serve as a marketplace for buying, selling, and exchanging digital currencies for fiat money like the Indian rupee (INR) or the US dollar (USD).

So based on your financial objectives, use this guide to select the top crypto exchange platforms in India.

1. WazirX – The Best Crypto Exchange Platform

  1. Fees (Maker/Taker)– 0.2%/ 0.2%

  2. Minimum Investment Required– INR 100

With more than 60 lakh registered customers, WazirX is certainly the fastest-growing India crypto exchange platform. Evidently, this exchange provides a vast selection of coins and tradable pairs at affordable trading fees. Besides being well-known for its user-friendly design and sophisticated trading charts, WazirX offers web, Android, iOS, and Windows apps. Additionally, it has a referral program that allows customers to receive bonuses of up to 50% commission on each trade.

Highlights: 

  1. Peer-to-peer (P2P) transactions and investments in INR, USD, and Bitcoin are possible.

  2. WRX- the proprietary digital currency of WazirX, can be bought using INR and exchanged for other cryptocurrencies like Bitcoin, Ethereum, or Dogecoin.

  3. Facilitates a smart token fund (STF), which enables new investors to manage their cryptocurrency portfolio and discover experienced traders.

  4. The P2P option on the site is free for users and can also be used for deposits. P2P enables users to transfer their fiat money into cryptocurrency swiftly.

  5. Full-featured smartphone app with instant buy/sell options, live market status, and advanced detailed charts.

2. CoinDCX

  1. Fees (Maker/Taker)– 0.2%/ 0.2%

  2. Minimum Investment Required– INR 100

One of India’s most secure Indian crypto exchange platforms is CoinDCX. This platform offers a wide range of cryptocurrency-related goods and services. Furthermore, features include staking, futures trading, lending options, and margin trading. Both the iOS and Android mobile platforms support the CoinDCX app. Additionally, it provides its members with various cutting-edge learning resources on cryptocurrency trading techniques via blogs and vlogs.

Highlights:

  1. Along with the P2P option, the user can access NEFT, RTGS, and IMPS for making deposits.

  2. Offers fast buying and selling facilities along with options for marginal and future trading.

  3. Interest rates can reach 16.25% per year for cryptocurrency through automated lending systems.

  4. Can generate profit and loss statements.

A graphical representation of price history of Bitcoin

Source – Investopedia

Also Read

How to Withdraw Ethereum to Cash? A Beginner’s Guide!Click Here








3. CoinSwitch Kuber



  1. Fees (Maker/Taker)– 0.1%/ 0.1%

  2. Minimum Investment Required– INR 100



For newbies, CoinSwitch Kuber is the best crypto exchange in India because it charges no trading fees for Bitcoin transactions. While customers can trade in more than 80 cryptocurrencies with as little as INR 100, it offers a wide range of trading pairs. For example- INR to cryptocurrency exchange, cryptocurrency to cryptocurrency trading, and crypto to INR trading. Furthermore, as a benchmark index for gauging the performance of the Indian rupee-based cryptocurrency sector, it has introduced the crypto rupee index.



Highlights:



  1. Supports INR as a fiat currency;

  2. Accepts NEFT, RTGS, IMPS, and P2P as payment options for deposits.

  3. No trading fees for Bitcoin transactions.

  4. Provides services, like SIP in bitcoin, to increase the returns on cryptocurrency investments.

  5. One of the safest crypto exchange platforms in India



4. BuyUCoin 



  1. Fees (Maker/Taker)– 0.24%/0.24%

  2. Minimum Investment Required– INR 20



Because of its simple user interface and unique features, BuyUCoin is one of the most-liked crypto exchange platforms in India by millennial users. Real-time spot trading, a free wallet, cashback, and lifelong referral rewards, are some of its well-liked features. Furthermore, users receive free Bitcoins when they sign up and can continue receiving free life prizes through referral programs. However, the list doesn’t end with that. Additionally, it holds competitions like “predict to earn crypto.” Consequently, BuyUCoin is one of India’s most popular crypto exchanges in India.



Highlights:



  1. Provides charts and enables customers to purchase and sell cryptocurrencies using INR.

  2. Offers spot trading, futures trading, and over-the-counter wholesale trading.

  3. No deposit fee or know your customer (KYC) cost.

  4. OTC wholesale trading-related transactions are free of charge.

  5. Crypto cashback deals.

  6. To maximize gains, systematic crypto investment strategies (SCIP) were launched.



Ethereum price per day – Aug. 2015 to Sept. 2022




Source – Statista



5. NAGAX 





  1. Fees (Maker/Taker)– 0.2%/ 0.2%

  2. Minimum Investment Required– NIL



Through its platform, NAGAX, NAGA, a multi-asset investment company, gives its traders and investors a way to buy or sell cryptocurrencies. Also, despite being known as one of the most unique crypto exchange platforms in India, it is available in more than 150 nations across the globe. Additionally, it offers “social trading” that allows users to watch the trading patterns of more seasoned users and adopt their investment tactics.



Highlights:



  1. Accepts cryptocurrency and fiat deposits.

  2. Provides a live price chart feature in addition to other sophisticated trading tools.

  3. Access more than 150 countries’ worth of coins and 20 blockchain protocols.

  4. Provides services and goods include a native Naga coin (NGC), a built-in NFT marketplace, a Naga wallet, and the opportunity to stake and earn cryptocurrency.

  5. Strict KYC requirements for NAGAX withdrawals.

  6. Full-service mobile app available

  7. NAGAX customers can “copy trade” the most well-known traders on crypto exchange platforms in India.

  8. Deposits are free. However, withdrawals are subject to fees.



6. Giottus



  1. Fees (Maker/Taker)– 0.2%/ NIL

  2. Minimum Investment Required– INR 100



Giottus, one of India’s most rapidly growing crypto exchange platforms in India, enables users to invest in, trade-in, and profit from a variety of crypto products. For those wishing to invest in cryptocurrencies for a long period of time, Giottus can be a great choice. While it allows you to invest traditionally, it also offers systematic investment plans (SIPs), fixed deposits, and the access to build a crypto basket of themed coins.



Meanwhile, you also get to participate in the refer-and-earn programs. Surely as one of the most popular crypto exchange platforms in India, it offers the opportunity to earn up to 10,000 tokens. Furthermore, while Giottus is getting ready to launch its non-fungible token (NFT), investors will have more ways to increase their passive income from cryptocurrency.



Highlights



  1. Offers interest on cryptocurrency fixed deposits up to 25%.

  2. Advanced tools with an interactive interface, including real-time order books, high liquidity, charting tools, and trade history.

  3. SIP investments allow for frequency settings between one hour and one month.

  4. Enables users to invest in baskets with an expertly curated cryptocurrency theme.

  5. Investors can purchase and sell cryptocurrency in various languages, including Hindi, Tamil, Telugu, and Bengali.



Dogecoin price per day from Dec. 2013 to Sept. 2022




Source – Statista



7. UnoCoin



  1. Fees (Maker/Taker)– NIL / 0.3%

  2. Minimum Investment Required– INR 1,000



Another one of the most well-known and established crypto exchange platforms in India for buying, selling, and storing Bitcoin is UnoCoin. While the users can trade in more than 80 different types of digital currencies here, they may also carry out other merchant processing operations. Furthermore, users receive free Bitcoins and get 15% back on trading fees when they sign up.



Highlights



  1. First-ever systematic purchasing plans (SBP) for Bitcoin and Ethereum were introduced, starting at INR 10.

  2. Charges 0.5% commission for buying or selling bitcoin.

  3. Facilitates the OTC lending function that makes it possible to trade in large quantities.

  4. Users of the Crypto Basket feature can diversify their cryptocurrency holdings based on volume or market capitalization.

  5. Give consumers the option to buy and store coins in over 40 UnoCoin Wallets.

  6. Enables users to recharge their mobile phones or DTH using Bitcoin.





Some Final Words to Choose the Best Crypto Exchange Platforms in India



Crypto exchange platforms in India serve as middlemen between buyers and sellers of cryptocurrencies. While these services make it possible to trade cryptocurrencies for fiat and digital money, the platforms have more to offer.

Additionally, these crypto exchange platforms in India enable users to deposit funds using direct bank transfers, online banking, or peer-to-peer (P2P), among others. However, they levy a commission or fee for each transaction for their services. Since crypto is showing the highest return on investments, it is worth investing in starting ASAP. 



If you want to begin building your portfolio, select one from the above list of the best crypto exchange platforms in India. Then, follow it by creating an account on the platform to get started.

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