The Best Crypto Exchanges in India: Complete Guide (2025)

Top Indian Crypto Exchanges Include CoinDCX, Binance, and ZebPay

Cryptocurrency trading has gained significant traction in India over the past few years, and it is consistently one of the fastest-growing countries in terms of cryptocurrency adoption. In fact, a 2024 report from cryptocurrency analysis firm Chainalysis showed that India led the way in terms of global cryptocurrency trading, both on centralized and decentralized exchanges (DEXs). 

In addition, data from Statista suggests that more than 107 million Indians will own crypto in 2025, meaning that more than 7.3% of all Indians will own at least some cryptocurrency this year. 

With a growing number of investors looking to enter the market, selecting the right crypto exchange is crucial. This guide explores the best cryptocurrency exchanges in India, their features, security measures, trading fees, and more. 

Crypto Exchange Basics

If you want a seamless cryptocurrency trading experience, you’ll want to choose an exchange that has features that fit well with your specific needs. Factors like security, ease of use, transaction fees, and customer support are critical in determining the best exchange for any one crypto trader or investor. Below, we’ll review some of the most important factors to consider when looking for a crypto exchange in India. These include: 

• Security Measures: Security is paramount when trading cryptocurrencies. Investors should look for exchanges that offer two-factor authentication (2FA), cold storage for funds, and encryption protocols. 
• User Interface and Experience: A user-friendly interface ensures smooth navigation and efficient trading. Platforms with intuitive dashboards, easy-to-use mobile apps, and real-time market updates enhance the trading experience.
• Range of Supported Cryptocurrencies: A diverse range of supported cryptocurrencies allows investors to explore various trading options. Leading exchanges offer Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other altcoins.
• Trading Fees and Charges: Trading fees vary across exchanges. Some platforms charge a percentage-based fee, while others have a flat rate. Understanding fee structures helps traders maximize their profits.
• Payment Methods and Fiat Support: Indian crypto exchanges offer multiple payment methods, including UPI, bank transfers, and credit/debit cards. Fiat support for INR transactions is crucial for seamless deposits and withdrawals. 
• Regulatory Compliance and KYC Procedures: Exchanges complying with Indian regulatory norms provide a safer trading environment. Know Your Customer (KYC) verification ensures compliance with anti-money laundering (AML) laws. For traders and investors, knowing that their exchange fully complies with Indian financial laws means that the exchange is unlikely to be shut down by regulators, as a shutdown could impact their ability to access their funds.

The Best Indian Crypto Exchanges to Choose in 2025

Below, we have listed what we believe are the top five crypto exchanges in India in 2025:  

CoinDCX

CoinDCX, launched in 2018, is one of India’s most popular cryptocurrency exchanges. With over 16 million users and more than $1 billion in annual trading volume, CoinDCX is widely considered to be a secure and user-friendly platform for beginners and experienced traders, as, unlike many Indian crypto exchanges, it also offers crypto futures trading, margin trading, lending, and staking. 

• Supported Cryptocurrencies: CoinDCX supports over 500 crypto assets, making it perhaps the most versatile Indian crypto exchange. 
• Trading Fees and Limits: CoinDCX fees vary by user and range between 0.04% to 0.50% based on a user’s 30-day trading volume. 
• Security Protocols: According to the exchange’s official website, CoinDCX “stores all locked cryptos in highly secure cold and multi-signature wallets.” It also uses multi-factor authentication (MFA) to prevent fraud and protect user assets. Unlike many competitors, the exchange is also ISO/IEC 27001:2022 certified. 
• User Experience and Mobile App: The CoinDCX mobile app has excellent reviews, with a 4.2-star rating on the Google App Store, over 325,000 reviews, and over 10 million downloads. 
• Deposit and Withdrawal Limits: CoinDCX has no minimum deposit amount but has a minimum withdrawal amount of INR 500.  

Binance

With 258 million users, Binance, founded in 2017, is the world’s largest crypto exchange. It’s also often rated as one of the world’s best exchanges in areas like liquidity, coin selection, and customer service. However, for Indian users, utilizing Binance’s services has been a confusing journey. For years, Binance was a popular exchange in India, though for much of that time, it operated in a legal grey area. Unfortunately for users, it was banned in January 2024 by the Indian government. Despite the ban, by December 2024, the exchange was able to fully re-register with the proper authorities and was once again available in India’s Google Play Store and Apple App Store. 

• Supported Cryptocurrencies: Binance supports over 350 cryptocurrencies, including Binance’s popular BNB coin. 
• Trading Fees and Limits: Binance fees start at 0.1% for buyers and sellers. However, Binance’s fee structure can be complex, as there are different fees for different types of users. Binance reduces fees for users with higher trading volumes and those with more BNB in their account. 
• Security Protocols: According to the Binances’ official security page “the vast majority of user funds and assets are safely stored in offline, cold storage facilities.” Binance also has a risk-management system that utilizes real-time monitoring, as well as traditional safety measures like two-factor authentication (2FA). 
• User Experience and Mobile App: The Binance app has fantastic reviews, with an impressive 4.7-star rating on the Google App Store, over 2.84 million reviews, and over 100 million downloads. 
• Deposit and Withdrawal Limits: Due to its changing regulatory status, Binance’s INR deposit and withdrawal limits are somewhat unclear.   

ZebPay

ZebPay claims to be India’s first crypto exchange, as it was initially founded in 2014, just six years after the invention of Bitcoin. Since its inception, the exchange has supported more than $22 billion in trading volume, has had six million users, and is currently available in 160 countries. It also offers 24/7 user support. 

• Supported Cryptocurrencies: ZebPay supports 212 cryptocurrencies, including Bitcoin, Ethereum, Solana, and XRP, as well as 228 crypto trading pairs. 
• Trading Fees and Limits: ZebPay offers competitive fees, with a 0.15% maker fee and a 0.25% taker fee. 
• Security Protocols: The exchange follows strict KYC norms and keeps 98% of user funds in cold storage
• User Experience and Mobile App: ZebPay’s mobile app has mixed reviews, with a 3.2-star rating on the Google App Store. 
• Deposit and Withdrawal Limits: ZebPay has a minimum of INR 12 on fiat deposits and INR 15 on all fiat withdrawals. 

Flitpay 

Flitpay is a popular Indian crypto exchange founded in 2017 by Indian IT engineer Akash Bansal, who currently serves as CEO. The exchange currently services around $3 million daily in trading volume, has more than 1 million users, and is available in 133 countries. 

• Supported Cryptocurrencies: Flitpay supports over 350 crypto assets and a wide array of trading pairs. 
• Trading Fees and Limits: Flitpay offers competitive fees, with a 0.2% maker fee and a 0.2% taker fee. 
• Security Protocols: The exchange says it keeps most assets in cold storage but does not offer a specific percentage. While Flitpay generally has a good reputation, this could concern some traders and investors. 
• User Experience and Mobile App: Flitpay’s mobile app has very high reviews, with a 4.8-star rating on the Google App Store. However, there are less than 3,000 reviews, so it’s possible this number may not reflect the app’s true quality. 
• Deposit and Withdrawal Limits: Flitpay has a minimum deposit amount of INR 100 and a minimum withdrawal amount of INR 100.  

CoinSwitch

CoinSwitch was founded in 2017 and has quickly become one of India’s largest crypto trading platforms. Unlike other platforms, CoinSwitch is an exchange aggregator, not a traditional crypto exchange, so it does not directly provide liquidity. Instead, it allows users to pull liquidity from various Indian crypto exchanges, like WazirX. CoinSwitch enables spot and futures trading, futures trading, and automated trading via APIs. It also offers special services for high-net-worth individuals and institutions. 

• Supported Cryptocurrencies: As CoinSwitch pulls liquidity from other exchanges, the number of cryptocurrencies it supports varies based on the decisions of other exchanges, but it is likely more than 650+ at the current time. This means it provides users with additional purchase options, including newer memecoins like $TRUMP and $MELANIA. 
• Trading Fees and Limits: Maker and taker fees constantly vary based on trading volume. CoinSwitch has a maker fee of 0.02% and a taker fee of 0.05% for trading BTC and ETH futures contracts.
• Security Protocols: According to the exchange’s official website, CoinSwitch utilizes an array of security protocols, including user-specific PIN and 2FA (Two-Factor Authentication) to control access to the app, and SSL (Secure Sockets Layer) and TLS (Transport Layer Security) encryption protocols to protect user data and transactions. It also uses multi-party computation (MPC) for the custodial wallets that secure users’ crypto. 
• User Experience and Mobile App: Unlike most Indian crypto exchanges, CoinSwitch is actually a mobile-only platform. It’s quite well-reviewed, with a 4.4-star rating on the Google App Store across 549,000 reviews. It also has an impressive 10 million+ downloads. 
• Deposit and Withdrawal Limits: CoinSwitch has a withdrawal minimum of INR 100 and a deposit minimum of INR 100.

Unocoin

Founded in 2013, Unocoin claims to be the first crypto exchange opened in India. According to the exchange, it has 2.26 million users and has processed more than 83 million orders over the last 10+ years. 

• Supported Cryptocurrencies: Compared to the other exchanges on this list, Unocoin is relatively limited regarding crypto trading options, as it currently supports less than 90 cryptocurrencies. However, it does support core cryptos like Bitcoin, Ethereum, Litecoin, and XRP. 
• Trading Fees and Limits: Unocoin can be slightly more expensive than other exchanges, as it currently applies a 0.2% maker fee and 0.3% taker fee on all transactions for exchanges. Instant buying and selling fees, unfortunately, are much higher, with 0.5% fees for BTC, 0.7% fees for ETH, and 0.7% fees for USDT. 
• Security Protocols: According to the exchange’s official website, Unocoin stores users’ assets on wallets with address-private key pairs encrypted using AES-256, sealed in envelopes, and stored in multiple safe deposit lockers. 
• User Experience and Mobile App: The Unocoin mobile app has average reviews. It currently has a moderate 3.5-star rating on the Google App Store, over 23,000 reviews, and over 1 million downloads. 
• Deposit and Withdrawal Limits: Unlike other crypto exchanges mentioned in this article, the minimum withdrawal amount for Unocoin users depends on the type of crypto being withdrawn. For instance, Bitcoin has a minimum withdrawal amount of 0.001 BTC, while Ethereum has a minimum withdrawal amount of 0.01 ETH. The minimum deposit is 100 INR. 

Paxful 

Unlike most exchanges on this list, Paxful markets itself as a P2P crypto marketplace. It’s a little unclear what that means because it’s not a decentralized exchange (DEX), though, on its “terms of service” page, Paxful says it does not hold custody of user funds but does provide escrow services. Paxful currently claims it has 14 million+ global users across 140+ countries, services 425 million+ monthly transactions, and offers 500 payment methods. 

• Supported Cryptocurrencies: Unfortunately for users, Paxful only offers four crypto options: Bitcoin (BTC), Tether (USDT), Ethereum (ETH), and USD Coin (USDC). 
• Trading Fees and Limits: According to their official website: “Paxful has zero fees when you buy or receive crypto. Paxful only charges a 1% service fee to cryptocurrency sellers.” 
• Security Protocols: Paxful is known for its relatively strong security. It uses BitGo and Fireblocks to provide users institutional-level custody for any funds in escrow. 
• User Experience and Mobile App: Paxful has a low-to-medium rating on its mobile app, as it currently has a 3.2-star rating on the Google App Store with 28,000+ reviews and 1 million+ downloads. 
• Deposit and Withdrawal Limits: Since Paxful is a U.S.-based exchange, it has a minimum of $10 for crypto purchases (around 873 INR as of February 2025). Crypto sales minimums are denominated in cryptocurrency. For example, the minimum sale for Bitcoin is 0.001 BTC. 

Mudrex

Mudrex is another highly popular crypto exchange with more than 3 million users. Mudrex offers various products and services, including crypto futures trading and institutional services. The exchange also provides “Coin Sets,” diversified baskets of different cryptocurrencies that allow users to invest systematically. As of February 2025, 1 million+ users had invested $200 million in Mudrex Coin Sets across 20+ themes and indexes.  

Despite its large user base, Mudrex has run into trouble recently. On January 11, 2025, the exchange halted withdrawals until January 28th, confusing and upsetting many customers. 

• Supported Cryptocurrencies: Murdex supports 650+ cryptocurrencies. 
• Trading Fees and Limits: Mudrex charges 0.25% for purchases and  0.25% for sales. It also charges a 0.25% to 1% fee for rebalancing Coin Sets, which could significantly affect investor returns. 
• Security Protocols: Mudrex is generally known for maintaining a high level of security, conducting 48 audits per day, holding all funds with insured custodians, and distributing funds across an array of wallets to avoid the risk of a single point of failure.
• User Experience and Mobile App: Mudrex has one of the lower-rated mobile apps on this list, with a 3.0-star rating on the Google App Store across 17,500+ reviews and 1 million+ downloads. 
• Deposit and Withdrawal Limits: Mudrex does not list minimum withdrawal or deposit limits on its site, so the minimum amounts are currently unclear. 

Indian Crypto Exchanges to Avoid in 2025

Below, we’ve listed some Indian crypto exchanges you might want to avoid. 

WazirX

WazirX is a leading Indian crypto exchange known for its high liquidity and large user base, boasting more than 15 million users as of early 2025. Despite its massive popularity, WazirX’s reputation did take a big hit when it suffered a $234.9 million hack in July 2024. 

Its reputation took a further dive when it failed to return users’ lost funds, and as of January 2025, the exchange was still involved in litigation regarding the hack. The exchange is not in operation at the moment, but may come back online soon. 

• Supported Cryptocurrencies: WazirX supports over 300+ crypto assets, including core assets like Bitcoin and Etheruem, as well as other popular cryptos like $BONK, $ONDO, and $LEVERFI. 
• Trading Fees and Limits: Trading fees start at 0.20% per trade. However, users can reduce their trading fees by holding the exchange’s native WRX token. For example, users who hold 10-200 WRX pay 0.17% per trade, users who hold 200-1000 WRX pay 0.15% per trade, and users who hold more than 1000 WRX pay only 0.10% per trade.  
• Security Protocols: According to the exchange’s official website, WazirX uses two-factor authentication (2-FA), but, as previously mentioned, it’s current issues make its security level suspect. 
• User Experience and Mobile App: The WazirX mobile app has moderately good reviews, with a reasonable 3.7-star rating on the Google App Store, over 666,000 reviews, and over 10 million downloads. 
• Deposit and Withdrawal Limits: WazirX has a minimum withdrawal amount of 20 INR and a minimum deposit amount of INR 100.  

Bitbns

Bitbns is a popular Indian crypto exchange that claims to have more than 4 million users. Founded in 2017, the exchange is known for featuring a wide array of cryptocurrencies. However, despite its popularity, Bitbnbs has also been engaged in various scandals over the last few years. Unfortunately, 16 users filed a petition at the Delhi High Court alleging that the exchange concealed a cyberattack that took place in February 2022 and later froze customer withdrawals. 

• Supported Cryptocurrencies: Bitbns supports 470+ cryptos– far more than most exchanges in India and almost as many as CoinDCX. 
• Trading Fees and Limits: Much like WazirX, Bitbns provides a fee schedule where users pay less depending on how much of the exchange’s native BNS token they hold. For example, users pay 0.25% on trades if they hold less than 100 BNS tokens, while they pay as little as 0.03% if they hold 200,000 or more BNS tokens. 
• Security Protocols: Bitbns has one of the worst security ratings on this list because, as we mentioned earlier, they’re currently involved in litigation, accusing them of covering up an exchange hack and then freezing user funds. They may be trying to improve things with their bug bounty program, but this offers little relief to the victims of the exchange’s 2022 hack. 
• User Experience and Mobile App: Bitbns has a low-to-medium rating on its mobile app, as it currently has a 3.2-star rating on the Google App Store with 19,000+ reviews and 500,000+ downloads. 
• Deposit and Withdrawal Limits: The minimum withdrawal amount for Bitbns is 100 INR, and the minimum deposit amount is also 100 INR. 

FAQs

1. Is cryptocurrency legal in India?

Yes, but it is subject to taxation and regulatory oversight. 

2. What are the tax implications of trading crypto in India?

A 30% tax applies to crypto gains from selling, trading, or spending. In addition, a 1% TDS is applicable on the sale of crypto assets exceeding ₹50,000. 

3. How do I ensure the security of my crypto assets?

Make sure to use 2FA and only store assets on crypto exchanges that you trust. If you want higher security for your crypto, store it in an offline hardware wallet (not on a hot wallet or exchange). However, remember that you are now responsible for your funds, not an exchange. In addition, you should be sure to avoid suspicious links. 

4. Which Crypto apps and exchanges are banned in India? 

Nine cryptocurrency trading apps have been banned in India. These include Coinbase, Binance, Kraken, Bittrex, and Huobi. However, Binance was reinstated in late 2024. It’s important to keep in mind that regulations are constantly changing, so make sure to check relevant official government websites to check the status of any exchange before attempting to use it.