To know more about top crypto exchanges in India, go through
ClipsTrust. An exchange is basically an online platform with the help of which users can buy and sell
cryptocurrency and also trade on such platforms.
When this tab was first launched in the cryptocurrency market, users had to manually send coins through the process. After a few years, it was revolutionized and the interface of the platform was enhanced to provide a better experience to the user which was very user-friendly.
With the best crypto exchanges in India, people started realizing that cryptocurrency could only make a mainstream appearance by making it less technical for average users. Businesses began hosting exchanges that provided services for people interested in owning and transacting in crypto.
There are a few of the famous cryptocurrency exchanges provided here for investors who are not aware of the best ones. Find out about the
top crypto projects in India.
List of the Top Crypto Exchanges in India for Investors
CoinDCX
CoinDCX was launched in the year 2018, when it was launched in the crypto market, it had more than 10 million users. With this it became popular very quickly and people in India started using it. It provides a very user-friendly interface to provide a good trading and exchange experience to the users. They also offer spot, margin, futures trading, earning through lending and staking, and a learning program. Moreover, you can also find the
best meme coin to buy now from here. Here, we will explore the pros and cons of this exchange which is mentioned below.
PROS | CONS |
Easy to Navigate | Limited Payment options |
Wide Range of Cryptocurrencies | Complex for Beginners |
Advance Trading Features | KYC Mandatory |
Mudrex
Mudrex is one of the most trusted crypto exchanges in India, hence it is widely used for crypto investment in India. The aim of Mudrex exchange is to make the process of buying and selling crypto easy for the user or investor. Although on this platform you can trade in crypto. Mudrex provides vaults to the users along with the exchange platform, with the help of which investors can generate income on their holding. Given below the pros and cons of this exchange.
PROS | CONS |
Ease of Use | Limited Cryptocurrencies |
Customisable Strategies | Risk of Algorithmic Trading |
Multi Exchange Support | Limited Customer Support |
Unocoin
Unocoin which was launched in 2013 is also one of the best crypto exchanges in India. This exchange belongs to Bengaluru in India, which allows users or traders to buy, sell and trade crypto with OTC bulk trading. This is the most trusted crypto exchange in India. Their pros and cons are mentioned below.
PROS | CONS |
User Friendly Interface | Transaction Fees |
SIP for Bitcoin | No Advance Trading Features |
Instant Bitcoin Purchase | Customer Support Issues |
Bitbns
Bitbns is a best crypto exchange platform to be used in India, with this Bitbns was officially launched in the market in 2017. This is such a popular exchange platform in India because its aim is to provide an easy user-friendly interface to the users so that they can enhance their trading and earn high. Bitbns is considered the top crypto exchange platform due to its trading volume, which is used by more than 4 million people. Here, we will explore the pros and cons of this exchange which is mentioned below.
PROS | CONS |
Low Fees | Slow Customer Support |
Staking and Passive Incomes | Withdrawal Limits |
Security | Mobile App Limitations |
Binance
Best crypto exchange in India, Binance is the most leading exchange platform, also Binance is a platform which is used a lot in India. This platform offers a very easy and user-friendly interface to meet the user's needs and trading comfort. This is the most trusted exchange platform in India because here traders can easily buy any cryptocurrency on the platform and can trade with it. Binance crypto exchange is the largest exchange platform in the world, with more than 28 million users, with more than 500 cryptocurrencies listed on it. Pors and cons is mentioned below.
PROS | CONS |
Wide Range of Cryptocurrencies | Regulatory Issues |
High Liquidity | Complexity for Beginners |
Fiat Support | Security Concerns |
WazirX
WazirX is a well known exchange for cryptocurrency that allows users to buy, sell and trade in crypto. Nischal Shetty, Siddharth Menon and Sameer Mhatre are the founders of WazirX. It was launched in 2018. It offers utility token, user-friendly platform, cryptocurrencies, instant deposit and withdrawal options and smart token funds. WazirX offer affiliate programs that come under
network marketing to promote platfoms and earn commisions. If I talk about their goals it included:-
- Faster a regulated ecosystem,
- Build secure platform,
- Enhance credibility
And now we will explore the pros and cons of this exchange
PROS | CONS |
Integration with Binance | Withdrawal Fees |
Staking and Earning | Liquidity Issues for Smaller Coins |
Educational Resources | Higher Trading Fees |
Zebpay
ZebPay is also a cryptocurrency exchange which was founded in 2014. Sandeep Goenka, Saurabh Agarwal and Mahin Gupta are the founders of zebPay. And right now Rahul Pagidipati is the CEO of this company. It offers trading, security, lending, charting and also a user-friendly interface. It is mostly used as a trading platform. And here are some points how to use the ZebPay steps included:-
- Create and account from app or website
- select the preferable cryptocurrency
- Select the quality or term period
- Complete the transaction
Pros and cons are mentioned below.
PROS | CONS |
Established Reputation | High Fees |
Easy to Access | Limited Advance Trading Features |
Advance Security with Insurance | Regulatory Risk in India |
PocketBits
PocketBits is one of the oldest cryptocurrency of India. Its headquarter is at PLOT NO. 65 SNO 807/1/3, 20, Mumbai - Agra Rd, Bicholi Mardana, Indore, Maharashtra 452016. If I talk about the founders then it would be Sohail Merchant, Andrew Canday and Hussain Effendi are the founders. Merchant is the current CEO of this company.
Some essential key points of PocketBits included:-
- Focus on Indian Rupee only
- They have variety of coins
Here, we will explore the pros and cons of this exchange which is mentioned below.
PROS | CONS |
Zero Fees | KYC Process |
Speedy Transactions | Limited to Indian Users |
24/7 Customer Support | Mixed Reviews |
Giottus
Giottus is the best cryptocurrency exchange in India. Its headquarter is at 2nd Floor, Indicube, OMR Service Rd, above decathlon 1, Santhosh Nagar, Kandhanchavadi, Perungudi, Chennai, Tamil Nadu 600096. Vikram Subburaj and Arjun Vijay are the founders of this exchange whose main office is in Chennai. That offers the best user experience of millions of traders. Their mission is to become a trustworthy platform for every Indian that is easy to use. It is legal in India because it is registered with FIU(Financial Intelligence Unit). The price of Giottus is 9265000 INR. Here, we will explore the pros and cons of this exchange which is mentioned below.
PROS | CONS |
Robust Security | Low Liquidity |
Competitive Fees | Customer Support Delays |
Stalking Fees | Limited Educational Resources |
Kraken
Kraken is one of the best crypto exchanges in India. That allows users to buy, sell and trade digital assets. It offers security, trading, services and support. Jesse Powell, Thanh Luu and Michael Gronagar are the founders of this platform. It was launched in 2011. And some common features that provides by Kraken included:-
- Low fees
- Deep Liquidity
- Low spreads
- High rate limits
- Advanced orders
Pros and cons are mentioned below:
PROS | CONS |
Advance Trading Features | Limited Funding Options |
Transparency | Not Available in all Regions |
Staking Options | Customer Support Delays |
Factors to Consider When Choosing a Crypto Exchange
Generally, choosing the right platform for trading in India is a hard task. So, we will cover the key factors that you should consider while selecting the best cryptocurrency exchanges in India, which is mentioned below:-
Security Features
It is very essential to choose an exchange with strong security measures because crypto exchanges are the prime target for the hackers. So, you should take care while uploading any personal information or the payment details on any platforms. Because data breach is common for all crypto exchanges.
User Experience and interface
You need to check the user interface is feasible for you or not. Because User-friendly interface is designed to be automatic, making it easy for users to interact with the app. Key features of a user friendly interface include: automatic navigation, clear layout, efficient user flow, helpful feedback, customization options, and responsive design.
Deposit and withdrawal options
Convenient and faster deposit and withdrawal options are necessary for smooth trading. So please take care of that as well while selecting the exchanges in India
Customer support
Having good customer support helps traders to trade without any issues. So, you have to care about that point before selecting the top crypto exchanges in India.
Reputation and reviews
Before selecting any crypto exchange, it's a good idea to check the people's reviews and the company reputation. And also look for any recent news about that platform that might provide the internal insights.
Trading volume and market presence
Check the trading volume that indicates an active platform. And you can check the rankings on coinmarketcap or any other platform. That defines the market presence.
How to Get Started With Trading Using Top Crypto Exchanges in India
Cryptocurrency trading has become popular in recent years. Because many of the investors are looking for digital assets as of now. Here, we will explore step by step process how you can trade in crypto if you are new:-
- Cryptocurrency is becoming popular very fast in India, as the government is in the process of regulating crypto due to concerns surrounding illegal practices and volatility. And Bitcoin is the first cryptocurrency in this crypto world. Which was invented in 2008 by Satoshi Nakamoto. There are multiple popular cryptocurrency apart from bitcoin included: Ethereum, Tether, Solan, USDC, Dogecoin, PepeCoin and so on. Trading with crypto is just the same as stock marketing. Here you need to buy in low and sell with a high price, but with higher volatility.
- Before trading in crypto you need to choose the reliable crypto exchange for that first you need to do research and select a crypto exchange that is trusted and compliant with Indian regulations. And popular exchanges are mentioned above.
- After choosing the best crypto exchange, first visit their official website or download the app. Sign up yourself with an email id or mobile number. And create a strong password and enable two-factor authentication for enhancing the security.
- Then complete your KYC(Know your customer) because without that part you will not get the access to the exchange for trading. While doing the KYC you need to share your personal information like your name, address, email id or mobile number then you need to upload the documents including PAN card, Aadhar card or passport for the verification purpose. And lastly one selfie for identity verification.
- Once your account is verified then deposit your funds into your exchange wallet. Best crypto exchanges in India support deposits via: Bank transfer, NEFT, UPI, Credit or debit cards.
- Once everything is done from here you can explore the platform and familiarize with the interface. Then decide which cryptocurrency you want to trade. Place an order and then monitor your trade
Final Tips For Beginner
- Don't invest all your money in one cryptocurrency.
- Crypto markets are highly volatile so focus on long term goals.
- And avoid emotional trading
- Begin with small investments to understand the market dynamics.
- Avoid investing more than you can afford to lose.
Risks and Challenges of Using Crypto Exchanges in India for Trading
As we all know that there are multiple benefits to investing in crypto simultaneously it also comes with significant risk and challenges. Here we will explore that challenges that you may face while trading in crypto with exchanges:
Security Risks
Crypto exchanges and wallets are frequent targets for hackers. If your account is compromised, you could lose your funds permanently. Fraudsters often use fake websites or emails to steal login credentials and private keys.
Lack of Awareness and Education
Before trading in top crypto exchanges, you have to be prepared about the risk because many new traders enter the crypto world without having plenty of knowledge about the cryptocurrency that leads to poor investment decisions.
Liquidity risk
liquidity refers to coin accessibility, which means how easily a coin can be bought and sold without significantly affecting its price. And the best crypto exchanges in India has high liquidity. That allows fast transactions. Low liquidity can lead to slippage, where the execution price differs significantly from the expected price.
Psychological challenges
As I have already mentioned above, avoid emotional trading. It is very necessary to trade stress free because constant monitoring of price movements can cause significant stress, especially for new traders.
The Future of Crypto Exchanges in India
Cryptocurrency is a fast evolving factor of the finance world, day-by-day mostly people are investing in the best cryptocurrency token in India as future investment or high returns. Cryptocurrency shaping the future of finance, technology and digital ownership.
Cryptocurrency is a popular topic all over India. Because in recent years the market in India has seen rapid growth. And with the advancement of technology, the future of crypto exchanges in India looks promising but also complex. The future of crypto exchanges in India remains uncertain yet promising, driven by community hype, evolving regulations, and technological advancements.
Here are some points that might define the future of crypto exchanges in the country:
- Regulatory for clear regulation
- Increased adoption of cryptocurrencies
- Challenges and risk
- Expansion of services
- Enhanced security measures
- Emergence of new use cases
- Environmental sustainability
- Role of government and RBI
- Technological advancements
- Global integration
In Conclusion: Top Crypto Exchanges in India
Basically, In this digital world where the internet is a big part of our life. Their
cryptocurrency is the most common option for traders. And for trading we need exchange. An exchange is basically an online platform with the help of which users can buy and sell cryptocurrency and also trade on such platforms. In this above content we have described the best cryptocurrency exchanges in India, and how to choose the best platform for trading. People started realizing that cryptocurrency could only make a mainstream appearance by making it less technical for average users. The future of cryptocurrency is very bright because day to day the number of traders in cryptocurrency increases rapidly.
Frequently Asked Questions Are
Q1. Is CoinDCX provides any mobile application?
Ans-Yes, like CoinDCX is a best crypto exchange platform, in India it uses more tar logs for trading. There are more than 10 million users using it, so it is available on both iOS and Android for trading. Its mobile apps are designed very simple and decent and offer a user-friendly interface.
Q2. How many cryptocurrencies are on Mudrex?
Ans-Mudrex is a progressive crypto exchange platform, but in India these exchanges are more used for investment, with currently more than 150 tokens available for investment.
Q3. What are the best crypto exchanges in India to invest?
Ans-As cryptocurrency is being used the most for investment in India, there are many such exchange platforms in India in which investment can be made. The platforms on which you can invest in India include Binance, CoinDCX, Mudrex, all these crypto exchanges are trusted platforms.
Q4.Which is the largest crypto exchange platform in India?
Ans-If we talk about the research then the largest exchange platform in terms of market share is Bitbns, on the other hand if we find out the largest exchange platform in terms of trading volume then it is Binance, and along with that it is CoinDCX.
Q5. Is Binance Legal in India
Ans-Yes, Binance is legal in India. There is no legal barrier on Binance as of now.
Q6. Who is the owner of Binance?
Ans-Changpeng Zhao is the owner of Binance.
Explore trusted top crypto exchanges in India business video and authentic reviews on the Official
ClipsTrust YouTube channel and Connect with us on our socials:
Get to know more about such information and list your business on
ClipsTrust.