Popularity for cryptocurrency trading in India has been increasing steadily over recent years. Considering this abrupt growth in the crypto community a lot of websites are offering the crypto trading services. Known as cryptocurrency exchanges a host of these websites have emerged recently and are trying to attract users through their easy-to-use and feature-rich applications. Well, not all exchanges are trustworthy.
Thus, to prevent you from falling prey to these websites, we have listed down the most reliable cryptocurrency exchanges for trading in India.
#1. CoinSwitch Kuber: CoinSwitch Kuber is an instant exchange that enables investors to trade around 100+ cryptocurrencies. The platform is intuitive and user-friendly. It offers users the best rate by pooling in liquidity from prominent Indian exchanges. Furthermore, the platform implements stringent security measures for protecting the user’s personal and trade-related details.
- KYC verification: Required
- Currencies Supported: 100+
- Trading Fees: Zero for first 100k user
#2. WazirX: WazirX is one of the reputed cryptocurrency exchanges in India. It is operated and managed under the supervision of the world’s biggest crypto exchanges, Binance. WazirX is a peer-to-peer trading platform that ensures investors have access to a simplified route for buying, selling, and trading crypto assets. It also provides its own crypto coin called WazirX( WRX) for trading on its platform which is available at a discounted fee.
- Trading Fees: 0.1–0.2%
- Payment Mode: Bank transfer
- KYC verification: Required
# 3. Unocoin: Unocoin is amongst the best platforms to buy bitcoin in India. It is one of the few exchanges in India to offer OTC (Over-the-Counter) service for the buy/sell of crypto assets. Moreover, it is also the first India based exchange to offer the facility of buying bitcoin via Systematic Investment Planning (SIP).
- Trading Fees: flat 0.4%
- Currencies Supported: less than 30
- KYC verification: Required
- Payment Mode: Bank Transfer (NEFT, RTGS)
#4. Binance: Binance is one of the most reputed cryptocurrency exchanges in the world. The platform offers its own crypto coin called Binance(BNB). The coin is available to users on crypto-to-crypto transactions. Binance enjoys good reputability among the crypto community because of its comprehensive crypto solutions.
- Trading Fees: 0.1% (Low transaction fee).
- Currencies Supported: Almost all the coins
- KYC verification: Required
- Purchase Mode: Crypto to Crypto
#5. Coinmama: Coinmama has an expansive customer base in around 188 countries. It is one of the most reliable platforms for INR to BTC exchange in India. On Credit card purchase Coinmama provides users the highest buying limits.
- Trading Fees: 4.9%-5.9% (varies as per purchase volume)
- Purchase mode: debit, credit cards, and bank transfer (SEPA and SWIFT)
- KYC verification: Required
- Currencies Supported: BTC, ETH, XRP, LTC, BCH, ADA, QTUM, ETC, EOS, XTZ.
Takeaway
These are some of the trusted platforms you can use for cryptocurrency trading in India. These exchanges follow an authentic process and provide users all the required features that a crypto enthusiast would look for.
