9 Best Cryptocurrency Exchange Apps In India (Dec 2023)

October 1, 2023
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Choosing the best crypto exchange in India is far from straightforward, given how many are out there and all of the different features each of them offers. As a long-time crypto aficionado myself, I've spent years keeping up with the best crypto exchanges in India, and I make my recommendations based on those years of deep research and personal experience.

Kraken is the favorite among knowledgeable Indian crypto investors, both for its high level of security and for its ease of use. Kraken's fees are also extremely low, so if you’re looking for a secure, cost-effective way to buy and sell crypto in India, I can’t recommend Kraken highly enough.

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The first thing to know about choosing a cryptocurrency exchange in India is that the exchange you choose matters. The choice you make will impact how profitable your trades are, how easily you can buy and sell crypto assets, and in some cases, whether you get your money back at all.

I'm not exaggerating here. Millions of crypto investors around the world have been scammed out of billions of dollars in the past 5 years alone, and to date, very few of those funds have been returned.

So if you're looking for a safe, secure Indian crypto exchange that doesn't require a PhD to use, you've come to the right place. I've been an avid crypto investor for nearly 10 years now, and here are my top picks.

What Is The Best Crypto Exchange In India?

1. Kraken — Best Overall

Best Overall
Kraken

Fees: 0.16%
Security: Best in class
Customer Support: Excellent

Top-notch security + lowest fees.

★★★★★

Rated 4.9/5

Based in the United States, Kraken is a highly transparent exchange with a longstanding history of reliability. As one of the largest crypto exchanges in the world, Kraken outperforms smaller exchanges for a number of reasons.

For starters, Kraken's fees are far lower than most other exchanges, with most users paying 0.16% per transaction (fees decrease down to 0% if you trade high volumes). Kraken's spreads are also absurdly low, typically around $0.10 per Bitcoin, which is 0.0003%. Compare that with other exchanges—which routinely charge up to 2% in trading commissions plus an additional 2% or more in spreads—and it's easy to see why Kraken is such a popular exchange.

Kraken also has better customer support than most other exchanges, and is one of the only exchanges out there that still offers telephone support (available in English, French and Spanish). It supports 100+ cryptocurrencies and has a world-class trading platform and mobile app that's powerful yet easy to use.

If that wasn't enough, Kraken's trading platform is professional and robust, offering features like NFT trading, staking and support for a wide range of fiat currencies including USD, EUR, and more.

Overall, Kraken is an excellent fit for many crypto investors because it has lower fees, better support and a better trading platform overall. If you're looking to start trading crypto, we strongly recommend Kraken.

Features

  • Extremely low trading commissions (0.16%)
  • Extremely low spreads (0.0003%)
  • Trade 100+ cryptocurrencies
  • Stake 100+ cryptocurrencies
  • Simple, intuitive user interface
  • Kraken Crypto Watch allows you to keep track of the crypto market
  • NFT trading inside the Kraken app
  • 24/7 customer support via phone, email and live chat
  • Plenty of free educational resources available to users
  • 95% cold storage policy

Cost

  • Trading Fees: 0.16% (spot trades cost 0.26%)
  • Spreads: 0.0003%
  • Fiat Deposit Fee: 0%
  • Fiat Withdrawal Fee: $0 – $5 USD

Signup Bonus

  • $10 when you use our referral link below

Best For

Cryptocurrency investors looking to trade with extremely low fees.

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2. Capital — Zero Trading Fees

Zero Fees
Capital

Trading fees: 0%
Supports: 100+ coins
Customer support: Excellent

Trusted by millions.

★★★★★

Rated 4.9/5

Capital allows users to trade crypto alongside stockscommodities, forex, market indices, ETFs and more—all without any trading fees. It supports 100+ cryptocurrencies, and users can trade with 2x leverage on crypto (up to 500x leverage on other assets).

Capital charges a tight spread ranging from 0.1% – 0.3% (depending on the asset), making the overall cost of using the platform (0% trading commissions + 0.1% – 0.3% spreads) very low. It has a fully functional desktop platform, a well-rated mobile app (4.7/5 on Android and iOS), and an excellent demo account where you can practice trading with real assets in real time.

Capital is licensed by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK, which means it’s a safe, secure platform. Every user receives a dedicated account manager they can reach by email or phone anytime, which is part of the reason Capital’s customer support team receives such positive reviews.

Deposits and withdrawals are always free with Capital, and you’ll never pay trading commissions regardless of whether you place spot orders or limit orders. Capital is ISO 27001 certified for meeting robust information security standards, making it an extremely safe platform to trade with.

The biggest drawback of Capital is that it can take several days to have your account verified since their verifications team is overwhelmed with signups right now. If you sign up using my referral link, though, you can skip the waitlist and start trading immediately.

I’ve personally used Capital for more than 4 years, and based on my experiences and those of millions of other users, I can’t recommend it highly enough. 

Features

  • Zero trading commissions
  • Tight spreads (0.1% – 0.3%) 
  • Supports 100+ cryptocurrencies
  • Allows up to 500x leverage (2x leverage on crypto)
  • Fully functional demo account for paper trading
  • Free deposits and withdrawals via debit/credit cards, bank transfer, POLi, PayPal, Apple Pay, etc.
  • Dedicated account manager you can reach at any time
  • Excellent desktop trading platform
  • Well-rated mobile app (4.7/5 on both Apple and Google)
  • Licensed by the Australian Securities and Investments Commission (ASIC)
  • ISO 27001-certified for meeting extremely high information security standards

Cost

  • Trading fees: 0%
  • Spreads: 0.1% – 0.3%
  • Deposits & Withdrawals: Free

Signup Bonus

Skip the waitlist and have your account approved immediately by using my referral link below.

Best For

Investors looking for the best overall crypto trading experience with no trading commissions.

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Offer ends December 5, 2023.

3. CoinSmart

Very Secure
CoinSmart

Total Fees: ~3%
Security: 95% cold storage
Signup bonus: $50

Great bonus but high fees.

★★★★

Rated 4.4/5

CoinSmart supports 16 cryptocurrencies, verifies accounts instantly, prides itself on its helpful customer service reps, and has a beautiful, well-rated app.

As a Canadian exchange, CoinSmart is regulated by several Canadian financial authorities, which keeps your money safe and secure. CoinSmart is also a publicly-traded company on Toronto’s NEO stock exchange, which means they’re subject to third-party financial and security audits at least once per year.

I've personally used CoinSmart for over a year, and I’ve had nothing but excellent experiences with them. I've tried out many of the other cryptocurrency exchanges on this list, so I'm confident that CoinSmart is a solid, reputable platform for most crypto investors.

From now until December 5, 2023, CoinSmart is offering a $50 signup bonus to Yore Oyster readers who fund their accounts with $200 or more. If you’re looking for a highly-respected exchange that offers the lowest fees, excellent customer service, and a slick mobile app, open a CoinSmart account today.

Features

  • Extremely low trading fees (just 0.20% per trade)
  • 24/7 customer support available via phone, live chat or email
  • Instant account verification
  • Supports 16 cryptocurrencies
  • Immediate deposits and withdrawals
  • User-friendly for both beginners and advanced traders
  • 95% cold storage policy keeps your crypto extra secure

Cost

  • Account Opening: Free
  • Trading Fees: 0.20%

Signup Bonus

$50 bonus when you sign up using the link below and the CoinSmart promo code YOREOYSTER

Best For

Investors looking to trade stablecoins or altcoins with some of the industry’s lowest fees.

4. WazirX

Wazirx

WazirX was founded by three friends with the goal of simplifying cryptocurrency investing for the masses. They're based in Bangalore, and currently support 50+ cryptocurrencies.

Crypto trading with WazirX costs just 0.10%. Don’t be misled by the low number, though: buying crypto with WazirX will actually cost you much more than it does with Capital, since their spreads aren’t nearly as low. 

They offer good customer support via live chat, and user accounts are verified within 2-4 hours.

Most crypto exchanges require users to trade every altcoin first with a stablecoin (e.g. Dogecoin with Bitcoin, and then Bitcoin with Shiba Inu), but WazirX allows users to trade altcoins directly (e.g. Dogecoin with Shiba Inu), minimizing fees and boosting your profits. And you're buying real crypto with WazirX, which means you can move it on and off the platform whenever you want.

Features

  • Supports 50+ cryptocurrencies
  • Lowest trading fees in the industry (just 0.10% per trade)
  • Account verification in 2-4 hours
  • Start with as little as ₹100
  • Trade all altcoins directly
  • Immediate deposits and withdrawals
  • User-friendly for both beginners and advanced traders
  • Extremely tight security policies keep your digital assets extra secure
  • 24/7 customer support available via live chat

Cost

  • Trading Fees: 0.10%

Best For

Investors looking to trade stablecoins and altcoins with the industry's lowest fees.

5. CoinSwitch

CoinSwitch

CoinSwitch has been a mainstay in the Indian crypto market for a while now. It supports 80+ cryptocurrencies, prides itself on responding to customer support emails within 15 minutes, and has a well-rated mobile app

Like Capital, CoinSwitch doesn’t charge any crypto trading fees. That’s because it’s a non-custodial exchange, which means it doesn't hold any crypto or user funds itself. Instead, CoinSwitch acts as a go-between that allows users to buy through other crypto exchanges easily and at excellent prices.

This is great both a benefit and a downfall of CoinSwitch: it makes buying crypto easy, but means that you don’t get all of the benefits of a regular exchange. If you choose not to open an account with Capital, CoinSwitch is a decent option, too.

Features

  • Zero trading fees
  • Easy to use for both beginners and advanced traders
  • Start with as little as ₹100
  • Supports 80+ cryptocurrencies
  • Extremely fast customer support
  • Powerful mobile app
  • Never hold user crypto or funds

Cost

  • Zero trading fees

Best For

Investors looking to trade altcoins with a crypto exchange that never touches their funds.

6. BuyUCoin

BuyUcoin is the product of three Indian minds, in operation since 2016. You may use BuyUcoin to trade Bitcoin and other cryptocurrencies. They also offer wallet services for storing or holding your Bitcoin there. They're one of the most reputable crypto exchanges for crypto trading in India.

Users' passwords are encrypted using the Salting method by BuyUcoin, preventing them from accessing the data. They keep 95% of their funds in non-volatile cold storage. They provide two-factor authentication as well as a mobile app.

BuyUcoin charges a deposit fee, which is determined by their banking partner, a maker/taker charge of 0.24%. When you withdraw Bitcoin, you must pay 0.00125 BTC per BTC withdrawn. There are no fees when depositing Bitcoin or any other cryptocurrency at BuyUcoin.

Features

  • Supports 30+ cryptocurrencies
  • Easy registration process
  • Wide range of resources to help beginner traders
  • Offers easy-to-use tools to aid you while crypto trading
  • Offers advanced charting tools for more experienced traders

Cost

  • Trading Fees: 0.24%

Best For

Experienced traders seeking strong charting capabilities.

7. CoinDCX

CoinDCX

CoinDCX is a beginner-friendly Indian crypto exchange that supports 100+ cryptocurrencies. They maintain a 95% cold storage policy, which keeps your crypto safe and secure.

Customer accounts are also insured by Bitgo, so you'll be reimbursed for your losses if CoinDCX ever experiences a security breach.

They charge crypto trading fees of 0.10%, and a fairly hefty withdrawal amount of 0.001 BTC (~₹4,400) per BTC. With that said, their fee on UPI deposits is quite low.

To trade with CoinDCX, you must first deposit money in INR or a cryptocurrency. They accept bank transfers, net banking, NEFT/RTGS, IMPS, and UPI for payments. To withdraw your funds in INR, you have the option of sending a bank transfer directly.

Features

  • Supports 100+ cryptocurrencies
  • Quick account verification
  • 95% cold storage policy

Cost

  • Trading fees: 0.10%
  • Deposit fees: 0%
  • Withdrawal fees: 0.001 BTC (~₹4,400) per BTC

Best For

Investors looking to buy and hold cryptocurrencies for long periods.

8. Unocoin

Unocoin

Unocoin is one of India's oldest cryptocurrency exchanges. They offer a device-independent crypto trading platform and have over a million users via their mobile app, which includes a hardware wallet. Most of the traders' crypto assets are kept in cold storage vaults. In its lifetime, the computer that generates these Bitcoin addresses will never connect to the internet.

In addition, Unocoin enables two-factor authentication and fingerprint protection for its mobile application. The trading platform charges a 0.7 percent fee on Bitcoin transactions, but it lowers to 0.5 percent once you've achieved gold membership status. Unocoin assesses a fee of 0.0005 BTC per Bitcoin (~₹2,200) when withdrawing funds.

Features

  • High trading fees
  • High withdrawal fees
  • India’s oldest crypto exchange

Cost

  • Trading fees: 0.70%
  • Deposit fees: 0%
  • Withdrawal fees: 0.001 BTC (~₹4,400) per BTC

Best For

New investors looking for a starting point in cryptocurrencies.

9. Bitbns

Bitbns

Bitbns is one of India's crypto exchanges with a more user-friendly design. It's built with beginners in mind, as well as all of an investor's needs. They provide a broad range of features and flexibility. You can complete the registration procedure in just two easy steps: fill out your information and get started trading cryptocurrencies.

Bitbns uses cutting-edge security technologies to keep your money safe. Bitbns also employs the most advanced Grade-A security feature, ensuring the security of all of your transactions. In addition, they have implemented two-factor authentication for data protection. 

Bitbns charges a fixed 0.25% trading fee from its users, except those with a VIP pass. You may obtain a VIP service in as little as 10 minutes by having at least $25 worth of BNS tokens. Bitbns supports all major payment options, including UPI. You can deposit using NEFT, IMPS,

Features

  • Supports 10 cryptocurrencies
  • Designed for beginners
  • Instant deposits
  • 95% cold storage policy

Cost

  • Trading Fees: 0.25%

Best For

Beginner investors looking for a user-friendly cryptocurrency exchange.

What To Look For In A Great Indian Crypto Exchange

There are a number of factors to consider when selecting the top crypto exchanges in India. Some of these factors include:

  • Supported coins: The best crypto exchanges offer a wide range of coins to trade, as this gives investors the opportunity to maximize their profits by trading a variety of crypto assets.
  • User interface: A seamless trading interface that's simple to understand and easy to navigate is important, especially for beginners. However, if you are a more seasoned crypto investor, you may want to look for an exchange with more advanced features.
  • Fees: All crypto exchanges charge some sort of fee for their services, so it's important to find exchanges that offer competitive rates. Otherwise, you'll end up losing a significant portion of your profits to fees.
  • Regulation: One of the most important factors to consider when choosing an exchange is how it's regulated, since a well-regulated exchange is much safer to use than an unregulated one.
  • Deposit & withdrawal options: Crypto exchanges should offer a variety of payment methods so that investors can easily transfer funds in and out of their accounts.
  • Account security: Look for crypto exchanges that have implemented multiple layers of security, such as two-factor authentication and cold storage of 95% or more.
  • Customer support: The best crypto exchanges always have excellent support so users can get help if they run into any problems. Consider how many channels you can use to reach their support team, their response times, and how helpful those responses are.

In Summary

Kraken is the favorite among knowledgeable Indian crypto investors, both for its high level of security and for its ease of use. Kraken's fees are also extremely low, so if you’re looking for a secure, cost-effective way to buy and sell crypto in India, I can’t recommend Kraken highly enough.

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Best Crypto Exchange India FAQs

What's The Best Platform To Buy Bitcoin In India?

The best platform to buy Bitcoin in India is Kraken, both for its bank-level security and its extremely low fees. Kraken supports 100+ cryptocurrencies, processes deposits and withdrawals instantly, and verifies accounts extremely quickly, making it an ideal choice for Indian crypto investors.

Which Indian Crypto Exchange Has The Lowest Fees?

The crypto exchange with the lowest fees in India is Kraken, since its trading commissions are just 0.16% and its spreads are remarkably low at just 0.0003%. CoinSwitch also doesn't charge any trading fees, but its spreads are much higher than Kraken's, which means that the overall cost you pay is quite a bit more.

How Do I Buy Dogecoin In India?

To buy Dogecoin (DOGE) in India, I recommend using one of the following crypto exchanges: Kraken or Capital. These are our two top-rated crypto exchanges in India, and both of them allow you to buy and sell Dogecoin with relatively low fees.

What's The Best Bitcoin Wallet In India?

The best Bitcoin wallet in India is Kraken, thanks to its next-generation security, free signup and usage, and easy-to-use mobile app. It can hold 100+ different crypto assets at a given time, and we strongly recommend it as a safe, secure crypto wallet ideal for Indian crypto investors.

What's The Safest Crypto Wallet In India?

The safest crypto wallet in India is Kraken, a free software wallet that keeps your coins safe even if your phone is lost or stolen. Kraken is as easy to use as any banking app, and after using it for the past several years, I can confidently say it's a great wallet for Indian crypto investors.

What's The Safest Crypto Exchange In India?

The safest crypto exchange in India is Kraken, because it's regulated by both the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK, which means it has to be extremely good with its financials and security practices to maintain its license in both countries. As a result, Kraken maintains bank-level security protocols to ensure user funds are always handled with the utmost care.

What Is The Largest Crypto Exchange In India?

The largest crypto exchange in India is CoinSwitch, which advertises being used by more than 15 million Indians. Largest certainly doesn't mean best, though, so make sure to read the rest of this post to get my thoughts on why CoinSwitch isn't the best exchange option for Indian crypto investors.

What Are The Best Crypto Exchanges For Beginners In India?

The best crypto exchange for beginners in India is Capital followed by Kraken. Both are ideal for beginners because they verify accounts quickly (instantly in Capital's case), have easy-to-use trading platforms, and great customer support in case you need any help along the way.

What’s The Best Crypto App In India?

The best crypto app in India is Capital. Its app is rated 4.7/5 on the App Store, and Indians love it for its ease of use, strong security, and low fees.

What's The Best Crypto Exchange For Day Trading In India?

The best crypto exchange for day trading in India is Capital, since it has zero trading fees, tight spreads, and its prices update multiple times per second, giving day traders an upper hand over the rest of the market.

Is Cryptocurrency Legal In India?

Yes, cryptocurrency is legal in India in 2022. Crypto was originally banned by the Reserve Bank of India in 2018, but that ban was later overturned by the Indian Supreme Court in 2020.

With that in mind, cryptocurrency and NFTs are still fairly heavily regulated in India, and words like “currency” and “security” are not allowed to be used when marketing such crypto assets.

How Do I Transfer Money From Bitcoin To My Bank Account In India?

To transfer money from Bitcoin to your Indian bank account, you'll just need to sell your Bitcoin for Indian rupees on an exchange, and then withdraw your INR to your bank account. This process is extremely easy with my #1-ranked exchange Kraken, and they won't charge you any deposit or withdrawal fees, either.

How Is Crypto Taxed In India?

Cryptocurrency transactions are taxed at a flat rate of 30% in India, which means that for every ₹1,000 of profit you earn, you'll have to pay ₹300 to the Indian Revenue Service. The Finance Bill, 2022 classifies cryptocurrencies and NFTs as Virtual Digital Assets (VDAs), though it fails to provide guidance around more nuanced crypto transactions like mining, staking, borrowing, lending, and DeFi.

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