The Best Trading Platform for Cryptocurrency in India
As per the latest data, more than 16 million Indians have traded in cryptocurrencies and the market is growing at 7.99% CAGR. (CoinGecko) The popularity of cryptocurrencies has led to the need for proper platforms for trading, which has become as important for beginners as it is for advanced traders.
In this piece, we will guide you through the 7 most reliable Indian cryptocurrency trading platforms along with a report of their features, security, and user reviews.
Top Cryptocurrency Trading Platform in India
CoinSwitch
CoinDCX
Mudrex
ZebPay
WazirX
UnoCoin
Giottus
Platform | Available Amount of Cryptocurrency | Maker Fee | Taker Fee | Minimum Investment (INR) |
|---|---|---|---|---|
1.Coin | 160+ COINS | 0.5% | 0.5% | 100 INR |
2.Coin | 500+ COINS | 0.5% | 0.5% | 100 INR |
3.Mud | 380+ COINS | 0.25% | 0.25% | 100 INR |
4.Zeb | 150+ COINS | 0.45% | 0.5% | 100 INR |
5.Wazir | 470+ COINS | 0.2% | 0.2% | 100 INR |
6.Uno | 120+ COINS | 0.2% | 0.3% | 100 INR |
| 7.Giott us | 150+ COINS | 0.35% | 0.35% | 100 INR |
1. CoinSwitch Kuber
Many consider CoinSwitch Kuber as one of the easiest-to-understand crypto exchanges in India. It is the largest in the country — launched back in 2017, and it now has over 20 million registered customers.
CoinSwitch lists over 80 tokens, including the top coins such as Bitcoin (BTC), Ethereum (ETH) and Tether (USDT).
Key Functions of “CoinSwitch Kuber”:
Beginner Friendly Platform: Best for Beginners CoinSwitch is a platform that allows you to buy, sell and trade cryptocurrencies at the best rate. This is probably the best option for early crypto noobs.
Fiat Currency Support: CoinSwitch supports one fiat currency — INR with withdrawals and deposits in INR only.
Dynamic Fiat Deposits: NEFT, RTGS, and IMPS make fiat deposit methods dynamic, which is common to all and dynamic with respect to actual deposits, through an aggregation model of payment gateways.
Bitcoin Transactions: A Bitcoin transaction is charged to the respective trading fee, subject to terms and conditions.
Products: SIP in bitcoin (to increase crypto investment returns)
Security: CoinSwitch provides strict protocols for password protected access through 2FA and OTP.
PROS:
User-friendly with a simple interface.
Buy, Sell, and Withdraw instantly.
Instant User Support with a Real-Time Live Chatbot.
No fee for deposit or withdrawal.
CONS:
No zero trade fee for Bitcoin transactions
No demo or trial.
Supports only fiat currency as INR
No margin trading and staking
2. CoinDCX
CoinDCX is an Indian based cryptocurrency trading platform which provides strong and safe trading for its users. It has over 15 million users and supports well over 500 cryptocurrencies. CoinDCX has a suite of products ranging from spot trading, futures trading to margin trading with leverage up to 10x.
KuCoin heavily focuses on security as well, since it is insured by BitGo, that means if in case there is a breach, then all assets of users are secured. The mobile application of CoinDCX is straightforward with a great user interface and has decoded lots of favorable reviews from beginner to advanced level traders.
Key Functions of CoinDCX:
Supported Currency: CoinDCX is the top Indian crypto trading platform that accepts INR as a fiat currency on their exchange.
Deposit Methods: CoinDCX accepts NEFT, RTGS and IMPS methods for deposits.
Given options: CoinDCX gives the choice of SIP, Margin and future trade with instant buy/sell
Leverage Margin: CoinDCX offers 10x leverage in case of margin trading.
For Lending: CoinDCX offers lending cryptocurrencies up to 16.25% annual interest.
Security: Very strong with 2FA Cold storage — 95% of funds saved in a cold wallet
Additional Features: Daily news feed with built-in news app.
PROS:
Arbitrage opportunity Fast order execution Unlimited trade
No deposit, withdrawal fee
Insured by a third party
Commission smaller and get larger, the amount of trading less.
Leverage: 15x with future trading
Strong encryption, biometrics and 3FA scores of the password.
CONS:
Allow only INR as fiat currency.
The arduous task of signing up for an account
3. Mudrex
Mudrex is uniquely positioned as it focuses on auto-trading for cryptocurrency through automated trading strategies, or providing crypto bot trading. Mudrex, founded in 2019, enables users to invest in algorithm strategies curated by experienced traders. Accordingly, it is a great way for those who wish to trade passively but gain the advantage of advanced strategies.
Currently, the platform supports about 380+ cryptocurrencies and enables its users to compile corresponding trading algorithms themselves. Now, Mudrex has around 2 million users and over 1,00,000 active traders following strategies that have traded more than $2 billion in total trading volume.
Key Functions of Mudrex:
Liquidity Providers: All the traders are automatically a part of the Mudrex LP (Liquidity Providing) Network and contribute to providing liquidity with other funds for executing trades of all the available cryptocurrencies on the platform—right from top cryptos like #Bitcoin, #Ethereum to lower cryptos like #Neo, and #Osmosis.
Dynamic Security: Mudrex provides 2FA, fund cold storage, Multisignature technology, data encryption and security audits at regular intervals.
Coin Sets (Common): A curation of theme-based coins by experts corresponding to popular crypto themes and diversified portfolios.
Live with UPI: Save all the transfer hassles! Mudrex users can convert INR into crypto and take it to their bank account immediately at the touch of a button.
Futures Trading: Mudrex provides futures contracts trading for Bitcoin, Ethereum, 50+ altcoins with up to 20x leverage.
PROS:
350+ cryptocurrency available.
Supports UPI payment mode.
Zero fees on all crypto deposits.
Invest in theme-based crypto baskets.
Strong safety measures.
CONS:
High withdrawal fees
Sometimes the UI is slow.
4. ZebPay
Launched in 2014, ZebPay has over 6 million users and is among India’s first cryptocurrency exchanges. ZebPay is a popular cryptocurrency exchange known for its low fees and supports multiple cryptocurrencies such as Bitcoin, Ethereum and Ripple.
The ZebPay mobile app is the company’s flagship product, allowing users to trade on the move. Zabpay is a mentionedly security-focused platform, holding 98% of its assets in cold wallets and insured reserve rights.
Key Functions of ZebPay:
Lending Facility: This enables users to lend cryptocurrencies such as #Bitcoin, #Ethereum, #Polygon, #Binance Coin, #Tether and others & earn returns from 0.2% to 8.5%.
Improved Security: ZebPay also has good security protocol, keeping 98+% of their coins in cold wallets. This has the added benefit of serving as a bug bounty program for the community, allowing users to identify problems that may pose risks.
ZebPay allows you to trade in crypto pairs. INR pairs USDT pairs.
Transactions: The platform offers instant payments via lightning network.
Excanger available: There is a presence in: India, Australia, Singapore
Educational material: ZebPay offers specialized content on crypto, providing news updates through its blogs and social media channels.
PROS
Provides good and interest fixed in exchange for lending crypto.
Some pairs are without trading fees from time to time.
Attractive reward and referral programs
One of the best in terms of crypto deposits & withdrawals fees.
Enforces stringent safety precautions
CryptoPacks enables users to participate in theme based investments with curated thematic portfolios and more for your money.
The mobile app has a live chatbot under the Support section, → “Chat with us”.
CONS
Supports very few coins and crypto trading pairs.
Not as user-friendly and well-known as the other top Indian exchanges.
No margin trading and staking
5. WazirX
WazirX is one of the most popular cryptocurrency exchanges in India especially when it comes to its feature with Binance which is world largest crypto exchange. WazirX is one of the largest cryptocurrency exchanges in terms of users size, where they have more than 16 Million registered on WazirX who operates over 470 cryptocurrencies and offer an innovative features Smart Token Fund (STF) that allows its customers to invest in cryptocurrency portfolios offered by experienced traders.
WazirX has its own utility token, WRX that allows traders to pay for trading fees in WRX with a discount of 50% off. The platform also features peer to peer (P2P) trading enabling in buying and selling of cryptocurrencies directly using INR.
[One Red Flag — ***On the 4th of September, $230 million worth of assets, that were stolen from Indian crypto exchange WazirX last month, were laundered into Ether (ETH)***
Key Functions of WazirX:
Supported Currency: WazirX supports Indian Rupee (INR), US Dollar and Bitcoin investments with peer-to-peer (P2P) transactions.
WRX Token: WazirX has its own digital currency called WRX native token, you can buy WRX with INR and trade it for BTC, ETH or DOGE wines etc.
P2P Platform: WazirX also provides a P2P option for deposits with zero fee being levied on its users. It helps in instantly converting users fiat currency into crypto using P2P.
App Feature: WazirX has a high performance fully loaded app that includes real-time charts, live market status and quick buy/sell. Highest number of trading pairs.
Transactions: WazirX offers lightning network for making fast payments by customers.
Security: Detailed Multi-Signature wallet system and compliant with tough KYC regulations.
An Educational Material: WazirX Exchanges provide several educational materials, such as via its blogs.
PROS:
World-first P2P platform with integrated OTC India
WazirXApp and Price alert functionality
Great customer service options, live chat so you can speak directly to someone.
CONS:
It charges a 0.2% trading fee, which is slightly above the industry average.
No margin trading, staking and crypto lending.
Currently, the eight coins on this P2P platform can only be traded with USD Tether.
Big trading commission on money withdrawal.
Platform with lower security.
6. UnoCoin
One of the most trusted and old players in the industry, UnoCoin, was established back in 2013. Unocoin has 2.13 million registered users, specializing in Bitcoin trading. This includes features such as Systematic Investment Planning (SIP) that allows individuals to invest small amounts in Bitcoin at regular intervals, reducing risks typically associated with volatility.
It is a user-friendly platform for anyone new to the system, with UnoCoin particularly suitable for novice users. You may have to pay slightly higher trading fees on UnoCoin, which can range from 0.2% to 0.3% but the safety and user-friendly interface of this platform make up for it if you are a long term investor.
Key Functions of UnoCoin:
Product: The company launched the world’s first systematic buying plans (SBP) for Bitcoin and Ethereum — starting at as low as INR 10 rupee.
Fees: 0.3% to Buy or Sell using UnoCoin
Lending Facility: It serves the lending part of OTC trade which makes possible Bulk Trading.
Wallets: Users purchasing store coins in UnoCoin can store coins over 40+ Unocoin Wallets.
Deposit: The minimum deposit is INR 1,000 & there are IMPS, NEFT & RTGS payment options available for the same.
Convenience: Bitcoin recharge is compatible with mobile and DTH.
Other Features: It offers the crypto basket to hedge or gain on market capitalization of volume based portfolios. Gold Member: This name comes with more buying and selling limits. and lower transaction fees.
PROS:
Allow users to choose SBP for enhanced returns.
Protects sophisticated crypto lending ability, makes it possible for individuals to possess the Bitcoin in home loan U.S. Dollar or even INR versus it.
Amazing discounts on “Refer and Earn” mode.
CONS:
Limited live chatbot options.
The process of verifying is quite tiresome.
Only based in India, and the only regulated exchange to support INR as fiat currency.
Limited educational material on the website.
7. Giottus
One of the fastest-growing cryptocurrency exchanges in the country, Giottus has now voluntarily joined hands with CoinDCX and WazirX. They can trade and make profits through numerous cryptocurrency apparatuses. Provides features like Fixed Deposit, Recurring Deposit, SIP or even enables the user to build a basket of themed coins—sustainable only if you are looking for long-term investment in cryptocurrency.
Bitcoin and cryptocurrency exchanges, planning to set up a non-fungible token (NFT) platform beyond regular trading,… It also provides the user with refer and earn schemes rewards that can earn up to 10,000 tokens. But through its staking feature, it also gives them more passive income earning possibilities for crypto coins that can easily pass the 10% mark.
Key Functions of Giottus:
Base Fiat: Giottus only supports INR as the fiat currency.
Deposits: NEFT, RTGS and IMPS are the available deposit paths.
Staking Service: Giottus is a ready-staking platform.
NFTs and Lending: NFTs & Lending are upcoming features of TH3.
Features include Samper: Giottus is an interactive interface with real-time token order books, high liquidity, charting tools & a clean trade history — in addition to the intuitive new p2p trading experience.
Advance Features: Invest by SIP, frequency as low as 1hour & maximum is one month. Gives up to 25% interest on the fixed deposits of cryptocurrencies. Let investors invest in crypto theme baskets curated by experts.
Trading opportunities: Investors get an opportunity to trade into crypto in multiple languages (English, Hindi, Tamil, Telugu and Bengali) so that they find it easier to participate.
PROS:
Top rated on Android and iOS
Key focus on INR pairs.
A Multi-language supported Crypto mobile app and customer support services.
Sites are insured by the fund segments.
Zero maker fee for sellers.
CONS:
They do not support margin or lending of crypto assets.
Not many advanced trading instruments.
Supports only INR as their fiat currency.
Finally, Who Is The Winner?
Competition-wise, from the overall picture, I think “CoinDCX” is the winner among all other six Indian crypto trading platforms.
Within a span of three short years, CoinDCX is the front-runner cryptocurrency exchange in India with over 15 million user base and the largest selection of more than 500 cryptocurrencies to buy/sell from. The platform provides trading on margin with up to 10x leverage, futures, and having longs and shorts on the same order. How is it possible? With over $200 million in daily trading volume, CoinDCX ensures liquidity and easy trade execution. The platform is characterized by minimal fees created to be competitive — both maker and taker fees are just 0.1%, making them the lowest within its kind. CoinDCX is secure in this regard, with 95% of assets held in cold wallets and BitGo insuring them. In addition, the platform is furnished with DCX Learn, a robust educational initiative that seeks to entertain and inform traders about blockchain & crypto markets; as well as to provide 24/7 customer support for seamless user experience. Given its superb tech stack and user-friendly services, CoinDCX is the way to trade cryptocurrencies in India.
With over 100 million crypto users, India’s cryptocurrency market is still evolving rapidly. Below are the top 7 of these platforms, and each seemingly has a different user base in mind.
On the other side, CoinSwitch and CoinDCX serve all types of traders with low fees and features whereas platforms like Mudrex focuses on automation & Managed Portfolio. In contrast, WazirX and ZebPay have greater liquidity and a wider trading experience In the end, which is better really just depends on your needs—if you trade a lot with low fees and many to-be-implemented cryptocurrencies, CoinDCX might be right up your alley.
