How to buy Bitcoin in India?
How to buy cryptocurrency in India?
How to invest in cryptocurrency in India?
Are these questions constantly arising in your mind?
Well, then you are ready to start your crypto journey.
To start your journey in the cryptocurrency world, you need to open an account in any one of the cryptocurrency exchanges.
Cryptocurrency exchanges are the place where people can buy and sell cryptocurrencies. These cryptocurrency exchanges are also available as mobile applications for ease of use.
But, there are many cryptocurrency exchanges operating in India. Choosing the best and safest would be difficult for an ordinary person since it takes a lot of research.
Worry not. Here we have curated the top best and safest cryptocurrency exchanges available in India. This curation is based on traffic, trading volume, liquidity, technical and support teams.
Top Cryptocurrency Exchanges in India in 2022
With these cryptocurrency exchanges, you can trade in popular cryptocurrencies and different altcoins such as Shiba Inu, Doge, MATIC, MANA, SAND, AAVE, and more.
1. WazirX
WazirX is a pure Indian cryptocurrency exchange founded in 2018 by Nischal Shetty. It is one of India’s most trusted cryptocurrency exchanges that has headquarters in Mumbai.
People can buy, sell, and trade Bitcoin, Ethereum, Ripple, and more. The site clocks over 9 million monthly visitors.
In November 2019, Binance, the world’s largest cryptocurrency exchange, acquired WazirX. This acquisition allows users to transfer their assets to Binance free of cost.
WazirX is well known for its world’s first unique peer-to-peer (P2P) solution.
WazirX Features
- UI: WazirX simple and efficient design is liked by millions of users.
- Security: Performs regular security audits to secure the platform. WazirX uses cold storage to store most of the assets.
- KYC: Powerful verification system processes KYC in just a few hours.
- Platform presence: Web, Android and iOS, Windows, and Mac.
- Trading fee: 0.4% for buying and 0.4% for selling. No trading fee for P2P transactions. Users can leverage the WazirX token (WRX) to get trading fee discounts. Users can get WRX tokens through mining, airdrops, and P2P trading.
- Withdrawal fee: No fee for withdrawals except a few coins. You can refer to the exact information at this link.
- Faster transactions with the help of its native P2P solution.
- Coins supported: 226 including altcoins such as Ethereum, Shiba Inu, Doge, MANA, SAND, and more.
- Customer support is available 9 AM–6 PM IST 7 days a week: Live chat available or call 0124-6124101 / 0124-4189201. Toll-free: 1800-309-4449.
2. Binance India
Binance, the world’s largest crypto exchange, is now available in India. Binance was founded back in 2017 by Changpeng Zhao.
It has headquarters in the Cayman Islands.
If you have any crypto assets in Wazirx, you can transfer them to Binance free of cost.
Binance Features
- UI: Binance has a very intuitive user interface in both web and mobile applications. The instant log-in feature is one of the coolest ones we love.
- Security: Address whitelisting, device management, and restricting device access are some of the Binance security features.
- KYC: May take up to 10-15 mins. One of the fastest KYC processing in the market.
- Platform presence: Web, Android, and iOS.
- Trading fee: 0.07- 0.1%. It is the lowest in the market.
- Withdrawal fee: varies depending on the coins/ tokens. Refer here.
- Coins supported: Over 397 coins including altcoins such as Ethereum, MATIC, Doge, Shiba Inu, SAND, MANA, and more.
- Fiat currency supported: Over 45 currencies.
- Customer support: Live chat support and help center.
3. CoinDCX
CoinDCX is India’s first crypto firm that entered into the Unicorn club with $90 million in a Series C funding round. CoinDCX was also founded in the same year as WazirX by Sumit Gupta and Neeraj Khandelwal.
CoinDCX is one of the safe and largest cryptocurrency exchanges in India. Since its inception, it has given solutions for retail, HNI, and enterprise customers.
It makes cryptocurrency accessible by allowing users to start trading with INR 50.
The company has backed by Coinbase, Ventures, BainCapital Ventures, Polychain Capital, and BitMEX.
CoinDCX Features
- UI: Easy to use simple user interface.
- Security: Made association with BitGo and Coinfirm to provide better security. With BitGo, all the cryptocurrencies in CoinDCX are insured.
- KYC: Processes KYC within 24-48 hours.
- Platform presence: Web, Android, and iOS.
- Trading fee: 0.04% for buying and 0.06%
- Withdrawal fee: No withdrawal fee for INR. You can refer to the exact information at this link.
- Coins supported: 270 coins including altcoins such as Ethereum, Cardano, Polkadot, MANA, SAND, and more.
- Customer support: you can submit a request here. Or you can DM on Twitter for immediate response.
4. CoinSwitch Kuber
CoinSwitch is also one of the largest cryptocurrency exchanges in India that is trusted by over 14 million Indians. It is founded in 2017 by Ashish Singhal and has headquarters in Bangalore.
CoinSwitch Kuber is backed by famous venture capital firm Andreessen Horowitz (a16z) and Coinbase Ventures. As a result, CoinSwitch Kuber turned unicorn in the year 2021.
With INR 100, anyone can trade in CoinSwitch Kuber.
CoinSwitch Kuber Features
- UI: simple UI enables users to navigate faster. However, there is room for improvement as there are no bar charts and stop-loss features available. UPI gets disabled often.
- Security: Uses blockchain intelligence tools for continuous assessment.
- KYC: It takes only a few hours to process KYC verification.
- Platform presence: Web, Android, and iOS.
- Trading fee: up to 0.49%. Expensive compared to WazirX and CoinDCX.
- Withdrawal fee: no withdrawal fee
- Coins supported: Over 300 coins including altcoins such as Ethereum, Ripple, Zilliqa, MANA, SAND, Shiba Inu, and more.
- Customer support: You can submit a ticket here or you can DM on Twitter.
5. Giottus
Giottus is one of the emerging cryptocurrency exchanges in India. This 3-year old platform is founded by Vikram Subburaj and Arjun Vijay.
This platform is suitable for those who are looking to invest in emerging cryptocurrencies such as SAITAMA, FLOKI, and more.
Giottus Features
- UI: simple and intuitive
- Security: Uses state-of-the-art security measures and test cycles. All cryptocurrencies inside this platform are protected by insurance given by BitGo.
- KYC: Superfast KYC. Takes only less than 10 minutes.
- Platform presence: Web, Android, and iOS.
- Trading fee: 0-0.25%
- Withdrawal fee: varies depending on the coins/ tokens. Refer here.
- Coins supported: Over 70 coins including Ethereum, MANA, SAFEMOON, SAITAMA, FLOKI, and more.
- Customer support: Provides multilingual and multi-channel support. I.e., live chat, phone, email, and ticketing system.
Conclusion
DecentralizedCreator ranking is based on liquidity, trading volume, fees, user interface, token listing, and trustworthiness.
While investing or trading, you need to diversify your portfolio. To diversify, you need to invest or trade in popular cryptocurrencies and as well as new emerging altcoins such as Shiba Inu, SAFEMOON, SAITAMA, FLOKI.
When it comes to altcoins, you can’t find them all in one cryptocurrency exchange. Hence, it is smart to have two accounts in different cryptocurrency exchanges.
WazirX & Giottus, Binance & Giottus, CoinDCX & Giottus, or CoinSwitch Kuber & Giottus would be some best pairs to have accounts.
FAQs
Does Coinbase available in India?
Coinbase does not provide any trading (buy and selling) services of cryptocurrencies in India. As an Indian resident, you can’t add payment methods in Coinbase; no INR support.
Indian residents can’t even use Coinbase to send and receive cryptocurrencies and Coinbase wallets to store their digital assets since these services ask for payment methods.