5 Best Crypto Exchanges in India for 2023
- VS
- 14 Aug, 2023
Introduction
India has a high adoption rate for innovative technologies, and it did not take long for the Indian community to get involved with crypto. The popularity of cryptocurrency has grown impressively in India as crypto trading and investments allowed people to get high returns along with investment diversification.
Join us as we explore the 5 best crypto exchanges in India for 2023 that are best suited for crypto traders. Stay tuned, as we compare the best crypto exchanges in India in the end.
CoinDCX
CoinDCX is India’s largest and safest cryptocurrency exchange. It was founded in 2018 with the aim of providing a user-friendly platform for Indians to trade in cryptocurrencies.
CoinDCX has quickly grown to become one of the leading players in the Indian cryptocurrency market, with over 3.5 million users.
The platform is known for its advanced security measures, which include multi-signature wallets, two-factor authentication, and regular security audits.
CoinSwitch
In the second position, CoinSwitch is a cryptocurrency exchange aggregator that allows users to trade cryptocurrencies across multiple exchanges.
CoinSwitch is primarily a crypto-to-crypto exchange that does not run its own exchange, instead, it provides an easy way for traders to find the best price across multiple exchanges.
Sometimes fees can be higher than first quoted, as CoinSwitch requires traders to pay the exchange and network fee for each transaction. CoinSwitch also has an app called CoinSwitch Kuber, which is a secure and user-friendly crypto trading platform for users in India.
ZebPay
ZebPay is a global cryptocurrency exchange available in India that allows users to buy, sell, and trade a wide range of cryptocurrencies.
ZebPay is available in over 163 countries and has over 3 million users worldwide. The platform offers a mobile app for Android and iOS devices, providing users with a convenient way to trade cryptocurrencies on the go.
Bitbns
Bitbns is based in Bengaluru, India, founded in December 2017 and has quickly grown to become one of India’s largest spot cryptocurrency trading platforms. The platform allows users to buy and sell over 400 cryptocurrencies.
The platform also offers automated buy and sell options, as well as extra downside protection with Bracket Orders that come with Trailing Stop Limit.
Binance India
Binance is a global cryptocurrency exchange that allows users to buy, sell, and trade a wide range of cryptocurrencies. Its advanced security measures make it a popular choice among cryptocurrency traders.
Binance app features a clean and user-friendly interface, making it easy for beginners to get started with cryptocurrency trading.
Table of Comparision
| Bitbns | CoinDCX | ZebPay | CoinSwitch | Binance India | |
|---|---|---|---|---|---|
| Launch Year | 2017 | 2018 | 2014 | 2017 | 2020 |
| Trading Volume (24- hours) | $2.6 million | $2,667,411.43 | $365,263.32 | $453,552 | $76 billion (Global) |
| Supported Cryptocurrencies | ~400 | 500+ | 150+ | 170+ | 500+ |
| Users | Over 4 million | Over 13 million | Over 5 million | Over 15 million | 90 million (Worldwide) |
| Maker Fees | 0.25% | 0.1% | 0.1% | 0% | 0.1% |
| Taker Fees | 0.25% | 0.2% | 0.25% | 0.1% | 0.1% |
| Payment Methods | IMPS, Bank Transfer, USDT P2P, UPI | NEFT/RTGS/IMPS, UPI Payments | Bank Transfer, UPI, IMPS, NEFT, or RTGS | NEFT/RTGS/IMPS Payments, Bank Transfer, UPI | IMPS, NEFT, Bank Transfer, USDT P2P, UPI |
Conclusion
Despite the regulatory uncertainty, the allure of high return of investment has driven a number of people to explore the crypto market. With the Indian exchanges offering world- class features like spot trading, ETFs, among others have kept the users satisfied thus far.