Looking for Best Crypto exchange in India 2022. Then you are on the right article.
It has never been easier to trade cryptocurrencies in India. It is important to do your research about the trading platform you are interested in.
We make it easier for you by providing reviews of the top crypto exchanges in India. Our research is focused on supporting crypto markets, trading commissions and deposit fees. Safety is also a major focus.
The Best Crypto Exchanges India For 2022
Here is a list with the top crypto exchanges in India.
You can see that there are platforms for beginners and those offering interest accounts. There are also many options in-between.
- Capital.com Overall Best Crypto Exchange India in 2022
- Crypto.com Great Cryptocurrency Platform To Earn As Much As 14.5% Interest
- Binance Low Commission Crypto Exchange for Trading
- Cryptobase Top Exchange for Newbie CryptoTraders
- ZebPay- India-Based Platform That Offers Up to 10% For Lending Cryptocurrencies
- Paxful is India’s Leading P2P Bitcoin Marketplace
- WazirX Top Crypto Exchange For Newbies And Intermediate Traders
CFDs can be complex instruments that could lead to rapid losses due to leverage. It is important to consider whether you are familiar with CFDs and can afford the risk.
The following reviews will help you find the best Indian Crypto Exchange for your needs.
Top Crypto Exchanges in India – Reviewed
You will find the best crypto exchanges in India that can provide you with access a wide range of digital assets while keeping trading costs low.
It is also important to verify the regulatory status of any platform. Those who adhere to regulatory guidelines offer traders a better, more transparent service.
Let’s take an in-depth look at the top cryptocurrency exchanges India to help you make your decision.
1. Capital.com – The Best Crypto Exchange India in 2022
We found the best CFD platform Capital.com when researching the best cryptocurrency exchange in India. CFDs are a way to track the price of a crypto asset. This guide is for beginners. You are responsible for predicting the price of the crypto asset.
This is a flexible way to gain from cryptocurrency trading. You can sell an order if you believe your chosen cryptocurrency will drop in value. If correct, you’ll make a profit. If you think the token will rise in value, the alternative is to place a buy order.
Capital.com is the best platform in India for trading crypto assets as CFDs. You can sell and buy with a 0% commission. The spread is the difference between the sell and buy price of an asset. Capital.com found this competitive.
You don’t need to worry about hackers stealing your crypto tokens as you aren’t buying the underlying asset. This global crypto exchange offers diversification opportunities. It allows Indians to trade both stocks and digital currencies. This is a great option if you want to trade equities.
You can trade future values of ETFs, indices, metals and energies. The CFD broker is user-friendly. You can also trade cryptocurrency via a mobile application, wherever you have internet access. Capital.com offers more than 470 crypto pairs, making diversification easy.
Your account can be funded with a debit card or credit card, wire transfer, or online banking. This is possible through most Indian financial institutions. GlobePay is also an option. The minimum deposit required is $20, which is approximately Rs1,500. The minimum deposit for wire transfers is $250. This is approximately Rs19,300.
|Number Of Cryptos||More than 470+ Markets|
|Debit card Fee||There is no fee|
|Fee to trade Bitcoin||Commission-free|
|Minimum Deposit||$25 on debit/credit/e-wallets, and $250 on bankwires|
What We like
- All supported markets are eligible for 0% commission
- Leverage to trade crypto
- Capability to travel long distances or shorter
- $20 minimum deposit required to use a debit/credit/e-wallet or credit card
- Fantastic mobile app for Android and iOS
CFDs can be complex instruments that could lead to rapid losses due to leverage. It is important to consider whether you are familiar with CFDs and can afford to take on the risk.
2. Crypto.com – Great Cryptocurrency Platform To Earn As Much As 14.5% Interest
The best India crypto exchange is Crypto.com for traders who prefer a buy-and hold approach. You can earn as much as 14.5% APR for idle tokens that you have purchased. The terms and token you select will determine the amount you receive.
There are flexible plans as well as interest-earning accounts that last for a minimum of one and three months. By buying and staking Crypto.com’s native token, CRO, you can earn a higher rate of interest on your cryptocurrency investments.
When you trade on this crypto.com exchange, there is a commission fee. The commission fee can be as high as 0.4% of the transaction amount. You will join 50 million traders if you choose Crypto.com to be the best Bitcoin exchange India. You will also be able to have your account verified quickly.
The platform allows you to deposit using credit/debit cards or wire transfers. Visa and MasterCard transactions are subject to a 2.99% fee. Check with your card provider to see if additional fees may apply. Because some Indian banks still prohibit direct payments to cryptocurrency exchanges, this is because they are not able to pay them. Crypto.com requires a $20 minimum deposit.
The exchange offers its own crypto Visa card, which can be used to make payments and convert Indian Rupees into digital currencies. You can get up to 8% cashback when you book on Expedia or Airbnb with the Crypto.com Visa Card. You can also get discounts and rebates on services such as Netflix and Spotify. LoungeKey airport access is another perks.
You have many options for storing your cryptocurrency. To have full control over your investments and passkeys, you can download the DeFi wallet. You can also use the web wallet, which is a browser-based plugin. Both crypto wallet options provided by this provider can be used in a user-friendly manner.
|Number Of Cryptos||250+|
|Debit card Fee||2.99%|
|Fee to Purchase Bitcoin||Commissions up to 0.40%|
What We Love:
- Supported by more than 250+ crypto currencies
- Accepts bank transfers and debit/credit cards
- Great reputation
- Offerings of crypto interest accounts and lending services
- Competitive fees
Cryptoassets can be a volatile and unregulated investment product.
3. Binance – Low Commission Crypto Exchange for Trading
Binance are another contenders for best cryptocurrency exchange in India. It is the largest crypto exchange in the world and will give you access to more than 600 digital tokens. All of these tokens are available for purchase, sale and trade in India at extremely low fees.
Binance charges only 0.10% standard commission, so you will know exactly where you stand before you place an order. It is easy to open an account. You can also trade on Binance P2P platform which supports 300 payment types. Binance P2P trades are protected by escrow.
This protects you from losing your transaction. Your credit/debit card can be used to fund your investments, or you can wire transfer funds at Binance. You can fund your investments using your credit/debit card and wire transfer at Binance.
Indian traders can also apply for the Binance Visa Card to enjoy some important benefits. Binance Visa can be used to purchase online and in-store just like any other card. Binance also offers the High-Yield Staking Center, where you can earn up to 104% APR. You can buy crypto tokens to hold on to them for the long-term.
You can opt for either locked or flexible savings accounts. It works in the same way as a fiat bank account except that you earn interest on digital currencies. You can also link it to Google or Samsung Pay, and you will be eligible for up 8% BNB cashback for qualifying purchases.
The card is free to order and sign up, and there are no annual fees. However, you should research any third-party fees before ordering your card. Your card level will determine how much cashback you can earn on your purchases.
It will also depend on whether the merchant is included within the reward program. Binance has a fantastic NFT marketplace with digitalized art, animations and celebrities. Mystery boxes are also available.
|Number Of Cryptos||600+|
|Debit card Fee||It all depends on the payment processor|
|Fee to trade Bitcoin||Standard commission of 0.1%|
|Minimum Deposit||Variable depending on the type of payment|
What We like
- A standard commission of just 0.1%
- A huge selection of crypto markets
- NFTs and staking available
- There are no account management fees
- Simple account opening process
Cryptoassets can be a volatile and unregulated investment product.
4. Coinbase – Top crypto Exchange for Newbies Crypto Traders
Coinbase, one of the most popular Indian crypto exchanges, is a great choice for beginners. It is very easy to open an account. Coinbase is simple to use and allows you to link your deposit method, fund your account, and upload your ID in minutes.
Coinbase charges fees. To illustrate, 3.99% of the transaction amount will be charged if you buy cryptocurrency with your debit card. This fee can quickly eat into your profits.
This charge can be avoided by making a wire transfer deposit. UPI deposits are currently unavailable for Indian Coinbase traders at the time this article was written. This is due to an informal RBI pressure.
You should do your research before you decide to use this platform. It is constantly changing. The platform allows you to convert crypto assets. The minimum deposit required is $50. This is approximately Rs3,800. There is an additional fee of 1.49% for buying and selling cryptocurrencies on Coinbase.
Capital.com is a better choice for beginners. You will receive 0% commission when you trade crypto CFDs. Coinbase, like Crypto.com and other top-ranked crypto exchanges in India has its own Visa Card. It can be used to make contactless payments or withdraw money from ATMs.
A dedicated app is included with the Coinbase Visa card. You can purchase cryptocurrencies anywhere in the world and track your spending. Instant transactions are also possible.
|Number Of Cryptos||60|
|Debit card Fee||3.99%|
|Fee to Purchase Bitcoin||Standard commission of 1.49%|
|Minimum Deposit||The exchange recommends $50|
What We like
- Fantastic crypto exchange for beginners
- A good selection of supported coins
- Reputation is the hallmark of one of the top Indian crypto exchanges
Cryptoassets can be a volatile and unregulated investment product.
5. ZebPay – India-Based Platform that Offers Up to 10% in Crypto Lending
ZebPay, one of the most popular Indian crypto exchanges to earn interest, is ZebPay. There are many ways to earn. One way is to buy cryptocurrencies and hold onto them. Another is to HODL. ZebPay Earn works in the same way as a savings account for digital currency.
This gives you the opportunity to get a monthly return. For example, you can earn 0.5% on Ethereum, 0.5% on Bitcoin and 1% on Binance Coin. ZebPay Earn offers more tokens, so make sure to check the platform.
ZebPay Lending is another option for trading crypto on the Indian Bitcoin exchange. The fixed-term deposit allows you to lend your digital tokens to the platform for seven days. Your tokens and volume will determine the returns you get. There are two types of returns: fixed return and standard deposit.
Fixed return deposits can earn you between 3.3% and 7.5% per year. An annual return of between 9 and 10% can be achieved with a standard fixed deposit. This exchange supports more than 130 cryptocurrencies. ZebPay requires that you pay a commission to buy and sell crypto assets. This crypto exchange charges a fee based on a make-and-taker model.
The fees are as follows: Makers pay 0.15, takers pay 0.25 per transaction, and intraday traders pay 0.10. Inactive account holders will also be charged 0.0001 BTC each month. This charge can be avoided by completing at least one trade per calendar month.
ZebPay accounts can be funded by setting up a bank transfer via the RTGS/NEFT. This crypto exchange requires a minimum deposit of Rs5,000.
|Number Of Cryptos||130+|
|Debit card Fee||N/A|
|Fee to Purchase Bitcoin||Maker 0.15%; Taker 0.25%; Intraday 0.10%|
What We like
- India is home to crypto exchange
- Over 130 tokens supported
- Earn interest on crypto assets that are not being used or loaned
6. Paxful – India’s Leading P2P Bitcoin Marketplace
Paxful, India’s best Bitcoin exchange, is for anyone looking for a peer to peer marketplace. This platform connects Indian buyers with sellers and provides a free Bitcoin wallet for all clients. Paxful wallet includes 2FA and strong security features.
Paxful allows you to sell Bitcoin with your local bank account. You could get up to 60% in reward for every sale. Paxful also offers a Bitcoin Kiosk or Affiliate program that can help you earn passive income.
You can earn 2% for every trade you share the link provided by Paxful. Paxful’s trader program also includes benefits. The benefits you receive as you progress to higher levels of the program will change. These benefits include priority support, a dedicated manager and lower trading fees.
There are many payment options available, including debit/credit cards and Paytm Online Wallets, Google Pay and IMPS transfers, Game Items, PayPal and PhonePe. You will need to make a deposit to secure your PayPal account in India. The cost of this security deposit starts at 0.0005 BTC. Paxful only supports three cryptocurrencies.
It is possible to purchase Bitcoin and Ethereum. You can sign up if you feel this is the best Indian cryptocurrency exchange for you goals and start your search immediately. You can start by selecting the token that you want to purchase from the drop-down menu of three.
The next step is to choose a payment option from the 300 options, then enter the amount that you want to spend and finally find the offer you like. This will allow you to filter down the results so that only suitable offers are displayed. The platform takes 1% from every sale, regardless of payment method. Minimum deposit is $10, which is approximately Rs770
|Number Of Cryptos||3|
|Debit card Fee||There is no buy or sell fee. It is 1%|
|Fee to Purchase Bitcoin||The crypto conversion fee is 0.5%|
What We like
- PayPal accepted for Crypto Exchnage
- Benefits and rewards for crypto traders
- P2P platform that accepts over 300 payment methods
7. WazirX – Top Crypto Exchange for Beginners and Intermediate Traders
WazirX has more than 250 crypto pairs and 120 tokens. It is one of the most popular cryptocurrency exchanges in India. This platform is easy to use, and it will suit both beginners and intermediate traders.
WazirX is a cryptocurrency exchange that also offers P2P trading. WRX is the native WazirX token. It was established to reward WazirX members for their support and to also pay fees. This commission fee is dependent on how many WRX tokens your hold, but can be as high as 0.2%.
The platform states that this is 0.1% for WRX holdings greater than 1,000 tokens and 0.2% for WRX holdings less than 10. Let’s say you have 250 WRX at WazirX, and that you want to purchase Rs1,000 worth Bitcoin in the INR marketplace. You will need to pay a 0.1% trading fee for this order.
The fee for WRX tokens is 0.2% if you do not have them. WazirX requires a minimum deposit of Rs100. WazirX accepts bank wire, WazirX P2P and Mobikwik (wallet transfers). A debit card can also be used to top-up your Mobikwik account before you use it to make a WazirX deposit.
The withdrawal fees are dependent on the method used and whether the transaction is done via the mobile app or main platform. Referring a friend through a special link can allow you to earn up to 50% on each trading fee that is paid by the person who you have recommended to the platform. Log in to the platform and choose to participate.
You can also apply for a signup Bonus by entering a referral Code at the time of this writing. As bonuses are subject to change at WazirX, it is important that you double-check all information. Finally, compatibility across platforms such as Windows, iOS and Android.
|Number Of Cryptos||120+|
|Debit card Fee||Depends on P2P market|
|Fee to Purchase Bitcoin||As high as 0.2%|
What We like
- For newbies, it is easy to use the crypto exchange
- Refer a friend and earn up to 50%
- Access to both the standard crypto exchange as well as the P2P platform
The Best Indian Crypto Exchanges, Compared
It is not easy to compare the top crypto exchanges in India.
Below is a comparison table that covers all platforms mentioned today.
|Crypto Exchange||Number Of Coins||Cost to Buy Bitcoin||Debit card Fee||Supported Payments|
|Capital.com||More than 470+ Markets||Commission-free||There is no fee||Debit/credit card and UPI. Bank wire, internet banking, GlobePay|
|Crypto.com||250+||Up to 0.4%||2.99%||Debit/credit card, bank wire|
|Binance||600+||You can get up to 0.10%||It all depends on the payment provider||Debit/credit card (3rd party), bank wire|
|Coinbase||60+||Standard commission of 1.49%||3.99%||Debit/credit card, bank wire|
|ZebPay||130+||Maker 0.15%; Taker 0.25%; Intraday 0.10%||N/A||Bank transfer via RTGS/NEFT|
|Paxful||3||0.5% off crypto conversions||There is no buy or sell fee. It is 1%||Paytm Online Wallet, Google Pay and IMPS transfers, Game Items, PayPal, PhonePe|
|WazirX||120+||As high as 0.2%||Depends on P2P market||WazirX P2P and bank wire. Mobikwik (wallet transfers)|
How to Select the Best Cryptocurrency Exchange For You
You will be surprised at the differences in the features that you can expect to find when you research the top Indian crypto exchanges.
There will be many variations in fees, safety, service and customer service.
Before you choose the best Bitcoin exchange in India, make sure to clear all the ambiguities and use the checklist below to help you.
If you’re looking for the best cryptocurrency exchange in India, make sure to research its regulatory status. It is easy to do this by simply searching the internet.
Many believe that SEBI will eventually be responsible for regulating Indian crypto-exchanges. However, this legislation has not yet been passed.
Capital.com is a safe cryptocurrency exchange in India. It has been approved and authorized by many regulatory bodies including the FCA and ASIC.
So you can be sure you’re trading in a professional and secure environment.
While looking at the top crypto exchanges in India you’ll notice a large disparity in the number of digital assets that you can access.
Take, for example:
- Capital.com has over 470 cryptocurrency markets
- Crypto.com lists more than 250 coins
- Paxful allows you to only buy three crypto assets
Keep this in mind when creating an account on a platform. You will likely want to diversify your portfolio later.
Sign Up Offers
Many of the top crypto exchanges in India offer sign-up bonuses and referral rewards.
Take, for example:
- Let’s suppose you recommend Capital.com to a friend and they deposit $200. That is approximately Rs15,500. Capital.com will offer $50 bonus to your friend for making three trades.
- Crypto.com offers a way to earn $10 or $50 in CRO tokens if your stake 1,000 CRO, or 5,000 on the exchange.
- Crypto.com offers you and your referral a $50 bonus
You will need to sign up for bonuses or earn crypto. It all depends on which exchange you are using. Before you claim a bonus, be sure to read the terms and conditions.
When searching for the best cryptocurrency exchange in India, fees must be considered. Importantly, the top platforms on this market offer extremely low commissions.
Take, for example:
- Capital.com allows you to trade cryptocurrency CFDs while paying 0% commission
- Coinbase, however, charges traders a standard commission at 1.49%
There are clearly many differences between crypto exchanges. Using a platform that charges higher fees can have a significant impact on your long-term gains.
Features & Tools
Think about the investment and trading tools that you are looking for when searching for the best cryptocurrency exchange in India.
Capital.com, for example, is a great platform to trade CFDs. The platform does not require commissions.
Crypto.com is a great place to start if you want to earn interest on your digital holdings. Earn up to 14.5% APY as rewards. This includes any gains that you may make if your token’s value increases.
Once you have found the right crypto exchange for you, it is time to verify which deposit options are available on that platform.
- We mentioned that it is legal for crypto platforms to accept deposits in Indian Rupees.
- Some have temporarily suspended deposits via UPI and RTGS, IMPS and NEFT
- This is because of uncertainty surrounding the banking industry and its relationship to crypto exchanges
There are other options, however, like buying cryptocurrency via P2P platforms, or sticking with CFD trading broker Capital.com.
Customer service is a key factor that can either make or break any crypto exchange in India.
Capital.com offers live chat support 24 hours a day. For any questions, you can also email the team. Crypto.com offers live support 24 hours a day.
How to Use India’s Crypto Exchange
We will now show you how to open an account at Capital.com.
You can access over 470+ cryptocurrency pairs through this trading platform at 0% commission. The minimum deposit for the first time is $20 if you use an e-wallet, debit/credit card or e-wallet.
Step 1 – Open Capital.com Account
To open an account, head to Capital.com. Click ‘Trade Now. You can also enter your email address, as well as a password.
You can continue the online form by clicking “Continue” after you click “Continue”. It takes a few minutes to complete the next online form.
Capital.com is subject to the laws and regulations from multiple organizations. You will need to complete KYC. It is easy to attach a copy of your photo ID such as passport, driver’s licence, or PAN card.
You can use a statement from your bank to prove your residency or a utility bill as proof. For more options, visit Capital.com.
Step 2 – Deposit Funds
Select a payment method that is available to ensure you have sufficient funds in your account to pay for any orders you place in crypto.
You have several deposit options: UPI, debit/credit card and bank wire. Internet banking is also available. GlobePay is another option. Start by funding your account using $20 or more
Step 3 – Search for Cryptocurrency
Enter your desired cryptocurrency market into the search bar to find it.
We are trying to trade Bitcoin against US dollars. Click the link to place an order for the crypto pair that you are interested in.
Step 4: Trade Cryptocurrency
Capital.com lets you speculate in any direction, as you trade CFDs and not actual crypto tokens.
You can click ‘Buy’ to see if the asset’s price will rise or ‘Sell’ to see if it falls.
Enter the amount that you want to bet on the trade to complete the order
Is it legal to trade in crypto currencies in India?
In 2018, cryptocurrency transactions were banned. The Indian Supreme Court however approved cryptocurrency use in the financial sector in 2020.
- Indian law does not prohibit dealing in cryptocurrency. Fiat deposits are also permitted on these platforms.
- However, transactions to and from crypto-exchanges have been blocked by some Indian financial institutions and payment service providers as of the beginning of 2022.
- Some cryptocurrency exchanges can get around this issue by accepting deposits via wallets like MobiKwik
- Blocks imposed by payment providers can’t be expected to last forever.
The larger picture is that Indian crypto communities have successfully overcame the objections of the Reserve Bank of India. India does not prohibit the sale, purchase, trading, or mining of cryptocurrencies.
We’ve reviewed the top crypto exchanges in India today. Capital.com is a great option if you are still undecided about which platform you want to trade digital assets.
This platform is rated highly and allows you to trade long or short crypto and make profits from price fluctuations in any direction.
Capital.com does not charge commission fees, and is regulated by the NBRB and ASIC as well as the FCA and CySEC.
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