Best Cryptocurrency Exchange to Invest in India

Which is the best cryptocurrency exchange to invest in India? Now that the Supreme Court of India lifted the ban on cryptocurrency on 04 March 2020. Cryptocurrency lovers in India love many cryptocurrencies and the famous bitcoin. 

But before you invest, you need to keep track of market trends and certain cryptocurrencies you want to buy. However, you must remember that the crypto market is volatile; therefore, the investor must be able to bear the risk of investing in cryptocurrency.

However, as the value of the cryptocurrency increases, you can sell or withdraw it at your convenience. You need to thoroughly understand how to buy cryptocurrency in India. You need to find the best cryptocurrency exchanges in India and start trading.

The best cryptocurrency  exchange to invest in India

Want to buy bitcoin or any other altcoins in India? Or are you looking for the best cryptocurrency exchange in India? Below is a list of the best cryptocurrency exchanges to invest in India that are still in operation and where users can buy and sell bitcoins and altcoins.

If you are in search of the best Indian cryptocurrency exchange for bitcoins and altcoins, few exchanges allow deposits and withdrawals in rupees and through a peer-to-peer model.

Today, in India there is a boom in trading in bitcoins and altcoins. Some sites offer these types of bitcoin and altcoins business services, but only some sites are ranked in the most reliable category based on their usability and popularity.

In India, there are many websites and mobile applications to buy cryptocurrencies. Here is a list of the best cryptocurrency exchange to invest in India. 

Best cryptocurrency exchanges in India

We have compiled a list of the best Indian cryptocurrency exchanges to help you in choosing the best cryptocurrency exchange in India to buy cryptocurrencies in India.

WazirX

This is India’s most popular cryptocurrency exchange which started trading on March 08 2017 with the aim of becoming India’s most reliable crypto exchange. WazirX has started a futuristic cryptocurrency exchange that supports various pairs of cryptos.

The exchange has also launched its own token WRX coin. You can get 100 WRXs for free by joining WazirX exchanges. On 21 November 2019 WazirX has been acquired by the world’s leading and largest crypto exchange Binance.

It offers a large list of supported cryptocurrencies. So WazirX is the Best cryptocurrency exchange to invest in India.

Features:

  • The exchange charges 0 percent for peer-to-peer trading and 0.2 percent for instant trading.
  • WazirX India’s largest crypto exchange (Acquired by Binance).
  • Supports betting, for holding PoS coins users can earn passive income.

BuyUcoin

It is the oldest multi-asset cryptocurrency exchange still functioning in India after the RBI ban. It was founded in 2016. BuyUcoin is one of the Indian market leaders in the cryptocurrency market. Buy coins provide an easy and reliable platform to buy, trade, store, and receive many crypto coins like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and many more. 

There are more than 250,000 users on BuyUcoin trading over 30 cryptocurrencies on the site. Within the exchange, users can buy cryptocurrency with their credit card directly. BuyUcoin has also added a recurring purchases feature so to allow the users to invest in cryptocurrency as SIP.

The exchange has developed and designed a “sandbox framework” to manage cryptocurrencies in India to circumvent a possible total ban on cryptocurrencies in India.

Features:

  • BuyUcoin charges 0.24% for trading and 0% for using the EZ platform.
  • To provide unhackable security saves 95 percent of your money offline.
  • Fial (INR) deposits and withdrawals are available free of charge.

CoinDCX

Another large crypto exchanger in India is CoinDCX. The exchange offers instant conversion of fiat to crypto without any fees and provides users with access to a wide range of financial products and services backed by sophisticated security processes and security protection.

CoinDCX offers users a wide range of integrated products, including DCXinsta, Peer-to-peer (2P) in one place, where you can instantly purchase more than 100 cryptocurrencies with INR.

Features

  • With the help of multiple-signature authentication, CoinDCX provide secure and hack free service
  • It has impeccable customer service with a friendly and unique trade interface. Users can expect a quick resolution to their queries usually within 24 hours. The user interface is also easy to learn. 
  • Trading pair diversity on the exchange is good and there are more than thirty cryptocurrency pairs to choose from. 
  • A flat brokerage fee of 0.10 percent is taken from the traders by the CoinDCX as compared to other similar crypto exchanges in the market which is relatively low.

Also Read: Best Cryptocurrency to Invest 2020: Crypto Investment

Bitbns

Bitbns exchange was launched by IIT graduates in 2017 and is an Indian based crypto exchange. Following the RBI ban, peer-to-peer (P2P) is the only way to buy and sell bitcoin and other altcoins. Several Indian crypto exchanges, including Bitbns, are working on a P2P model, where users can buy and sell cryptocurrencies directly in India.

After completing KYC users can start using Bitbns exchange. So KYC is necessary for trading on Bitbns.

Features:

  • A fixed fee of 0.25 percent per transaction is charged by Bitbns, which is higher than other crypto exchanges.
  • The first exchange to launch a recurring purchase as a SIP in crypto.

Remitano

Remitano is a cryptocurrency exchange in Seychelles, including India it operates in more than 30 countries. It is a peer-to-peer (P2P) secure and simple crypto exchange. 

On Remitano users can buy, sell, and trade their vital cryptocurrencies, including bitcoin. With 24 × 7 support for users, it offers an attractive interface to trade in cryptos.

Payment methods available include bank transfer, depositing money into the account, and mobile money. To access your account on the go Remitano offers Android and iOS apps for this purpose.

Giottus

This is a new cryptocurrency exchange that also works on the peer-to-peer (P2P) model. They have a fast KYC process and it is a must for all users. It took only minutes to complete KYC (know your customer) formality on Giottus through a copy of ADHAAR and PAN CARD.

The exchange currently supports several cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash (BCH), Litecoin, and Ripple. The exchange charge a fixed fee of 0.25 percent for purchase orders, for sale orders there is no fee. 

The Giottus platform is backed by a fast order matching engine that is capable of processing 50,000 trades per second. Gottus allow its users to withdraw cash through IMPS, NEFT, and RTGS payment gateways. Thus Giottus provide several payment withdraw option for it users.

Cashaa India

This exchange is a UK-based banking solution for cryptocurrency which was launched in India in 2019. Cashaa is a crypto exchange that allows users to buy Bitcoin, Ethereum, USDT, and CAS through INR and the crypto list on Cashaa is constantly growing. 

The native crypto coin of this platform is Cashaa (CAS). Cashaa follows strict KYC and all accounts are confirmed on the same day. As stated on the Cashaa site Cashaa India is located in Mumbai. Users will be given a key card containing the key so they can recover their funds.

Zebpay

Crypto exchange Zebpay is one of the oldest and largest cryptocurrency exchanges in India. Following a ban imposed by the RBI (Reserve Bank of India), Zebpay was transferred to Malta and also has one office in Singapore and now supports more than 150 countries.

Zebpay takes 0.15 percent as maker fees and 0.25 percent as taker fees. Also for different cryptocurrencies, they charge different fees. 

For Android and iOS phones there is also a Zebpay application for trading on the go.

Zebpay is a cryptocurrency exchange with a well-established presence in India, Australia, and Singapore. In India, since its inception in 2014, ZebPay has grown rapidly geographically, offering its services for cryptocurrencies traders and cryptocurrency-focused investors.

Chosen by millions of merchants, ZebPay offers its services on a variety of devices, including a mobile app for mobile users and a seamless web interface for users who want a desktop site.

Colodax

This exchange was founded in 2017 by the CrypDates team. Colodax is a Broker-to-Peer (B2P) crypto exchange that allows Indian traders to seamlessly deposit and withdraw INR. On the Colodax exchange brokers are affiliated with high-frequency traders. To trade on the exchange, the user must complete the KYC process.

You can refer this exchange to a friend and get up to 10,000 NPXS tokens. On Colodax you can trade the best cryptocurrencies such as Bitcoin, Ethereum (ETH), Litecoin (LTC) Ripples (XRP) etc. So in referring the exchange to others you can earn some profit.

Unocoin

On 28 September 2013 Unocoin was launched in Bangalore at the global Bitcoin conference. The crypto exchange was started with an investment of approximately $ 1.5 million. The amount was made by US and Indian citizens. Initially, Unocoin had thirty (30) employees and 100,000 users.

Unocoin is a well-known bitcoin company in India. Due to its user-friendly interface and convenient usability, it is highly recommended for new bitcoin users. The interesting thing about Unocoin is that it is regularly updated with the implementation of several other functions.

This is an exclusive platform for users who invest in bitcoins as a systematic investment plan. In this case, the maximum investment is 50,000, and investments are often made monthly, weekly, or daily. Thus this is a best cryptocurrency exchange to invest in India 

The mobile application of the Unocoin crypto exchange supports bitcoin trading via mobile devices. You can download the app from the App Store. 

Features:

  • It provides security to its users through an option called 2-step authentication.
  • Automatically sell bitcoins.
  • Offers OTC (over the counter) trading.
  • It provides a powerful integration system for bitcoin payments.
  • With the help of an option called ‘Netki’, it provides human-readable Bitcoin wallet addresses

LocalBitcoins

This is a peer-to-peer (P2P) Bitcoin exchange. LocalBitcoins exchange is a marketplace where a user can buy and sell bitcoins to other users of the site. It is a global peer-to-peer exchange where users can exchange Bitcoins for fiat currency without an intermediate broker or channel. So there are no need of intermediates to trade.

LocalBitcoins platform allows users from different countries to convert or exchange their respective types of currency into BTC (Bitcoin). It supports several payment methods (approximately 60 payment methods) worldwide, including PayPal, transfer with a specific bank, national bank transfer, etc. 

On LocalBitcoins all the Bitcoin services offered are fully compatible but irrevocable.

CoinSwitch

Coinswitch cryptocurrency is an instant exchange that helps users to trade between more than 400 cryptocurrencies. The exchange has a very simple and user-friendly interface. Users can also purchase cryptocurrency from Coinswitch using their credit card.

Coinswitch Kuber is a user-friendly and secure platform for Indian users, where Indian users can easily buy more than 100 cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, etc. at the best exchange rates, with various payment options.

Users can access the combined liquidity of major Indian crypto exchanges to get the best rate and trade immediately after they complete the KYC process. The Coinswitch Kuber app is a good platform for cryptocurrency trading that gives users a flawless user experience through a simple user interface

Conclusion

Because the bitcoin fever in India goes up with more than 2,500 users who trade bitcoins daily and the volume of transactions increases to about $ 20 billion a year. With each passing day, new cryptocurrencies exchanges come into existence. This may be a good time to look for the best cryptocurrency exchange to invest in India

After the Indian Supreme Court ruling favors cryptocurrency, India saw an explosive investment from traders and buyers who want to buy and sell cryptocurrency to try their luck in the crypto market.

This cryptocurrency boom in India not only brought international crypto exchanges to India but also guides to the growth of various domestic crypto exchanges and trade markets that served the people of India.

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