It can be difficult to find the best crypto exchange in India, thanks to a large selection of platforms with different functions. Which is the best crypto platform depends entirely on your individual needs, as well as how well they cover important criteria such as security and competitive fees.
Here in our great guide, we go in-depth about everything you need to know to choose the right trading platform and the best crypto exchange for you. We will also take a closer look at today's most popular crypto exchanges in India.
Comparison of the most popular and best crypto exchanges
Here we have chosen to distinguish between the best crypto exchange in India and the best Indian crypto exchanges. This means that we first compare the best international crypto exchanges available to Indian users. Then you get an overview of popular Indian crypto trading platforms.
In short, you should consider the following to find the best crypto exchange:
- Selection of cryptocurrencies
- Security, regulation and licensing
- Selection of products and services
- Easy to use
What is the best crypto exchange in India?
Coinbase is one of the most popular crypto exchanges both in India and in many other countries. They call themselves a social trading platform because they offer a large network of new and experienced traders. New traders can come here to learn more, as well as copy successful portfolios. Experienced traders can earn a good extra income by supporting new traders.
Tired of reading? No problem, check out our Coinbase review video here:
Coinbase gives you the opportunity to put together a mixed portfolio of cryptocurrencies, stocks, CFDs, commodities and more to spread the risk.
Very high security with regulation and licenses in place from the Financial Conduct Authority (FCA).
Beginners can use the CopyTrader feature to imitate the portfolio of experienced, successful traders.
You can learn more about strategies and discuss with other traders thanks to high membership activity and over 20 million users.
One of the reasons why Coinbase is one of the best crypto exchanges in India is due to low fees. Shares and ETF are completely commission-free. You only pay a certain percentage of the investment amount when you buy cryptocurrency and you actually also own the asset. The percentage depends on which cryptocurrency you choose, but the amounts are very competitive.
Fees you have to pay for CFD trading include daily fees and spreads, but you do not own the asset. You will find a more detailed explanation of daily fees and distribution further down in the article.
In addition, you must pay a $5 withdrawal fee each time you wish to withdraw value. This is because international money transfers cost money. The fee then covers part of these costs that otherwise Coinbase must pay. You must also pay a fee if you own the asset and have not been active for more than a year.
Read More: Best Forex Brokers in India 2022
What we like about Coinbase
Coinbase is an all-in-one platform that offers a range of services and products such as crypto trading, crypto exchange and crypto wallet. Coinbase offers advanced features for experienced brokers, while being very user-friendly for beginners. Prices are higher than many other international platforms. In return, you get a large selection of cryptocurrencies and products. This is beneficial for active traders who want as many services as possible gathered on one platform. Security is also very high with all licenses for legal operation in the United States.
- User friendly
- High security
- Wide range of products, cryptocurrencies and services
- Licensed and listed in the United States
- Currency fee
- High prices
Kraken is a platform that is no stranger to Indian cryptocurrency investors. If you've been around long enough then you've probably heard of this platform. Kraken is proving to be one of the leaders in the crypto market with an exchange platform that has existed since 2013. Remember, however, that the company behind the platform was officially born in 2011.
If the Kraken exchanger occupies third place in our ranking of the best exchange platforms, it is largely because of its seniority. Indeed, Kraken is one of the oldest platforms in the cryptocurrency sphere. It thus benefits from a great notoriety, particularly on the American market but also on the Indian market. It can therefore be counted among the most popular cryptocurrency platforms of 2022.
What we like about Kraken
The availability of liquidity on the platform – Kraken is one of the few platforms on which liquidity is always available. First, the site offers more than thirty crypto-currencies. And the advantage of this platform is that these cryptocurrencies are exchangeable for local traditional currencies.
Privacy on the Kraken Platform – The Kraken cryptocurrency exchange platform respects privacy and security. This is why transactions are essentially untraceable and secure. You can therefore place positions without other investors accessing your positions.
Read More: Best Social Trading Platform in India 2022
- Favorable transaction fees;
- Well-established platform with a high reputation;
- Customer support is available 24/7;
- Unable to make transactions with your credit card;
- The transactions turn out to be a bit long.
Binance is an all-in-one platform with a decentralized cryptocurrency exchange that offers a wide range of services and cryptocurrencies. The services include education, brokerage services, crypto wallet and smartphone apps. This allows you to buy cryptocurrencies and transfer the money directly to your Binance wallet. At the same time, the fees are competitive, compared to other international crypto exchanges. The platform is easy to navigate, so that both new and experienced traders get started quickly. Beginners can start using the basic version, while experienced users can access advanced features by using the advanced version.
Binance has a large trading volume and a huge product range, which makes this one of the best crypto platforms for active traders. The platform also has DEX and its own P2P network, ie a network for users who want to buy and sell cryptocurrencies directly with each other.
Binance is one of the best crypto exchanges in India for you who want the opportunity to trade directly with other users. They also offer other advanced features for professional traders.
Advanced features such as the ability to buy and sell cryptocurrencies for fiat currency. It is also possible to buy cryptocurrency on credit cards.
Binance can offer one of the market's most diverse range of cryptocurrencies, in addition, you can choose whether you want to use a brokerage platform, DEX and/or P2P network.
Binance has fairly low fees. You have to pay a certain percentage when you buy and sell cryptocurrency. The exact price may vary, but it is still very competitive. The more you buy, the lower the fee. You must also pay a withdrawal fee.
- Wide range of products, cryptocurrencies, and services
- Buy cryptocurrency with credit card
- Reasonable fees
- High security
- Currency fee
- Sometimes slow customer service
WazirX is a Mumbai-based cryptocurrency exchange that was founded in 2017 by Nischal Shetty. Two years later, Binance Holdings, which is the world's largest crypto exchange by trading volume, acquired WazirX. This acquisition makes it one of the most trusted Indian crypto exchanges.
WazirX exchange offers an array of cryptocurrencies, such as Bitcoin, Ethereum, Ripple, Litecoin, as well as WazirX's own native coin, WRX. You can buy and sell these cryptocurrencies by using their simple and clean interface with a Live Book of Open Orders system.
The cost of trading with this crypto exchange is quite low. The makers and takers fees for all cryptocurrencies is 0.2%, which is below the industry average of 0.25%. However, you do not have to pay any maker or taker fee if you trade the WRX pairs.
What we like about WazirX
- High liquidity
- Instant deposits and withdrawals
- Low trading fees
Founded in 2014 by three cyber security engineers. Bittrex is another crypto exchange operating from its headquarters in Seattle, USA.
In the Bittrex review, we were able to convince some aspects of the platform. This includes, for example, the lack of a minimum investment.
Our experience with Bittrex also shows that it is one of the cheaper crypto platforms. The maximum trading fees are 0.25% of the trading volume. Users who trade regularly only pay 0.1% in fees. From our point of view, these are very good values.
The selection of tradable cryptocurrencies also convinced us. At Bittrex , 200+ highly liquid coins were available. With this value, the platform ranks in the upper midfield of the compared crypto exchanges.
We particularly liked the mobile Bittrex app. This gives you access to the crypto exchange from anywhere.
Read More: Best CFD Brokers in India 2022
What we like about Bittrex
- User-friendly interface
- 200+ cryptocurrencies available
- Low trading fees
- Free deposits and withdrawals
How to buy Bitcoin and cryptocurrency on the best Indian crypto exchanges
Now that you have gained a thorough insight into which are the best crypto exchanges in India and what you should prioritize, you are ready to buy Bitcoin and other cryptocurrencies. Fortunately, getting started is easy. Here you get a short step-by-step description.
Get started with cryptocurrency step by step
Step 1: Choose the crypto exchange that matches your needs
Use the information you have been given in this guide to choose the best crypto exchange for you. Feel free to choose a platform that you can "grow with" if you want to spend a lot of time on cryptocurrency and trading. Another option is to register on two or more crypto exchanges, if you have very varying needs.
Step 2: Register a new account
We only recommend crypto exchanges that are simple and secure to register on. Whichever you choose, you will receive clear instructions on how to create an account. Remember that ID verification and verification is an important and necessary part of preventing the hacking and theft of valuables.
Step 3: Buy Bitcoin and other cryptocurrencies
Now you can start buying Bitcoin and other cryptocurrencies. If you are new, we recommend that you do further research before you start shopping. You will find very good information here on our website. Many of the crypto platforms we recommend also offer training for those who are new.
Best Crypto Exchanges in India 2022
Next Read: Best Stock Broker in India 2022