Discover Top Crypto Exchanges in India for Trading and Earning
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Published By
Dhruv Thakkar
Approved By
Chirag AroraPublished On
12th Jun, 2025Updated On
19th Jan, 2026List of Top Crypto Exchanges In India With Contact Numbers
4 Cryptocurrency found
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List of India's Top Cryptocurrency Trading Platforms in 2026
| Exchange | FIU Registered | Coins | Spot Fees | Best For |
|---|---|---|---|---|
| CoinDCX | Yes | 500+ | 0.04%-0.2% | Intermediate traders, broad diversification |
| ZebPay | Yes | 50-300+ | 0-0.5% | Long-term holders, passive investors |
| Binance India | Yes | 350+ | 0.10%-0.023% | Experienced traders, high-volume accounts |
| Mudrex | Yes | 650+ | 0.12%-0.45% | Passive investors, systematic buying |
| CoinSwitch | Yes | 100+ | 0.04%-0.49% | Cryptocurrency novices, mobile traders |
| WazirX | Yes | 200+ | 0.2% standard | Altcoin explorers, community engagement |
| Bybit | Yes (2025) | Varies | 0.1% | Professional derivatives traders |
| Delta Exchange | Yes | Varies | Varies | Options traders, derivatives focus |
Understanding the Current Regulatory Landscape for Crypto Exchanges in India
The regulatory environment governing cryptocurrency exchanges in India represents a paradigm shift from the uncertainty of previous years. Rather than implementing outright bans, India's government has opted for a structured oversight mechanism through FIU-IND registration, placing all crypto exchanges under the Prevention of Money Laundering Act, 2002. According to the ClipsTrust research team, this framework mandates that every exchange operating in India must conduct comprehensive Know Your Customer (KYC) verification using Aadhaar and PAN details, maintain transaction records for a minimum of five years, report suspicious transactions to FIU-IND, implement anti-money laundering (AML) protocols, and deduct 1% Tax Deducted at Source (TDS) on specified transactions. Explore our complete article on what is cryptocurrency?
Detailed Analysis: India's Top Cryptocurrency Trading Platforms for 2026
1. CoinDCX -- India's Most Trusted and Versatile Crypto Exchange
CoinDCX stands as India's flagship cryptocurrency exchange, holding the distinction of being the country's first crypto unicorn. Founded in 2018, the platform has achieved remarkable market penetration with over 13 million active users and 500+ supported cryptocurrencies. According to the ClipsTrust team's technical analysis, CoinDCX offers:
Key Features of CoinDCX
| SR. NO. | Features | Description |
|---|---|---|
| 1 | Trading Fees | Ultra-competitive structure ranging from 0.04% to 0.2% based on trading volume and account tier |
| 2 | Supported Assets | Over 500 cryptocurrencies, including Bitcoin, Ethereum, Solana, XRP, and emerging altcoins |
| 3 | Security Architecture | ISO/IEC 27001:2022 certification, multi-signature cold wallets, and biometric onboarding |
| 4 | Payment Integration | Seamless INR deposits via UPI, IMPS, NEFT, and RTGS with zero deposit fees |
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2. ZebPay -- The Pioneer Platform with Security-First Philosophy
ZebPay operates as India's oldest cryptocurrency exchange, having launched in 2014 and survived multiple regulatory cycles that eliminated weaker competitors. With FIU-IND registration and over 50-300 supported cryptocurrencies, ZebPay differentiates itself through aggressive security investment and user experience optimisation.
Key Features of ZebPay
| SR. NO. | Features | Description |
|---|---|---|
| 1 | Trading Fees | Competitive zero percent fees for crypto-to-crypto trades; 0.5% for fiat conversions |
| 2 | Security Standards | Military-grade 2FA encryption, multi-signature cold storage, and regular third-party audits |
| 3 | Special Features | Recurring Bitcoin purchase plans (SIPs), crypto lending options, and a withdrawal address book |
| 4 | User Base | Trusted by millions who prioritise security over maximum feature richness |
3. Binance India -- The Global Liquidity Leader with Fresh FIU Registration
After regulatory complications in 2023-2024, Binance completed FIU-IND registration in mid-2024 and restored full services to Indian users. As the world's largest cryptocurrency exchange by volume, Binance brings unmatched liquidity and an expansive ecosystem of trading products to the Indian market. A very popular Broker- XM Broker, discover more to know.
Key Features of Binance India
| SR. NO. | Features | Description |
|---|---|---|
| 1 | Trading Fees | Industry-leading rates from 0.10% down to 0.023% based on volume and holding the exchange's native BNB token |
| 2 | Trading Pairs | Access to 350+ cryptocurrencies with the deepest order books in the industry |
| 3 | P2P Trading | Binance's P2P market remains the most liquid in India, enabling large INR-to-USDT conversions without centralised intermediaries |
| 4 | Global Features | Staking, savings products, futures trading, and access to global market research |
4. Mudrex -- The Emerging Excellence Platform for Systematic Investors
Mudrex has rapidly established itself as India's premier platform for passive cryptocurrency investing through its proprietary "Coin Sets" (thematic baskets of cryptocurrencies). The platform combines DCA investing, futures trading, and automated portfolio management into a unified interface optimised for Indian market conditions. Readers most read article "best crypto to invest for long term'.
Key Features of Mudrex
| SR. NO. | Features | Description |
|---|---|---|
| 1 | Unique Feature | Zero trading fees on Coin Sets (thematic cryptocurrency baskets) |
| 2 | Asset Coverage | 650+ cryptocurrencies available |
| 3 | Futures Trading | Spot fees from 0.12%-0.45%; futures fees from 0.050%-0.030% |
| 4 | Insurance | Full insurance coverage for digital assets through global custodians |
| 5 | Community | Active Telegram community with weekly expert-led trading sessions |
5. CoinSwitch -- Beginner-Friendly Interface with Institutional-Grade Security
CoinSwitch Kuber has become India's preferred entry point for cryptocurrency novices seeking a balance between simplicity and security. The platform's mobile-first design, combined with FIU-IND compliance and ISO certification, has helped it accumulate over 2 crore active users. Understand top crypto exchanges in India.
Key Features of CoinSwitch
| SR. NO. | Features | Description |
|---|---|---|
| 1 | User Interface | Award-winning mobile design optimised for quick onboarding |
| 2 | Supported Assets | 100+ cryptocurrencies across major categories |
| 3 | Fees | Tiered structure from 0.04%-0.49% based on transaction type and volume |
| 4 | Deposits | Free INR deposits via UPI and bank transfers |
| 5 | Security | 2FA authentication, cold wallet storage, and SOC 2 Type II custodian partnerships |
6. WazirX -- India's Largest Community with Recovery Narrative
WazirX operates as India's largest cryptocurrency exchange by user count, with over 10 million active traders. Though the platform suffered a significant security breach in July 2024 (resulting in approximately $234.9 million in losses), its recovery efforts and transparent communication have earned qualified trust within the Indian crypto community.
Key Features of WazirX
| SR. NO. | Features | Description |
|---|---|---|
| 1 | Supported Cryptocurrencies | 200+ tokens including emerging altcoins |
| 2 | Trading Fees | 0.2% per trade with discounts for WRX token holders |
| 3 | Special Features | Smart Token Funds (automated portfolio management), P2P trading, crypto lending |
| 4 | Recovery Status | Active fund recovery process with 100% commitment to user compensation |
| 5 | Trading Volume | Among India's highest daily trading volumes |
Security, Compliance, and Investor Protection Framework
The ClipsTrust research team examined the security infrastructure across India's top crypto exchanges and found that leading platforms have implemented "cold storage" protocols for the majority of user assets. Cold storage refers to keeping cryptocurrencies on hardware wallets or isolated servers disconnected from the internet, making them virtually impossible for hackers to access remotely.
Know Your Customer (KYC) and Anti-Money Laundering (AML) Protocols
Every FIU-registered exchange in India must implement banking-level KYC procedures requiring users to provide:
- Government-issued photo identity (Aadhaar or Passport)
- PAN (Permanent Account Number) for tax reporting
- Proof of address documentation
- Beneficial ownership verification for large accounts
- Periodic KYC refreshes every 2-3 years
Leading crypto exchanges employ AI-driven transaction monitoring systems that flag unusual patterns---sudden large transfers, rapid account-to-account movements, transactions with known fraud addresses. When suspicious activity is detected, exchanges must file Suspicious Transaction Reports (STRs) with FIU-IND within 48 hours.
How to Minimise Cryptocurrency Trading Costs in India
The ClipsTrust expert team offers these practical cost optimisation strategies:
Strategy 1: Select the Right Exchange for Your Trade Type:
- If you execute large volume trades, Binance's lowest fees become optimal. If you invest small amounts systematically, ZebPay's free SIP feature eliminates percentage fees entirely.
Strategy 2: Batch Your Transactions:
- Instead of trading daily (incurring daily TDS and fees), batch your trades into weekly or monthly transactions to reduce total fee exposure.
Strategy 3: Leverage Native Token Discounts:
- If you maintain a significant WazirX position, earning 30%+ fee discounts through WRX holdings can justify the platform selection.
Strategy 4: Use Basket Investing:
- Mudrex's zero-fee Coin Sets eliminate trading fees for passive investors, making them ideal for systematic investment plans.
Pros and Cons of India's Top Cryptocurrency Exchanges
Universal Advantages Across FIU-Registered Platforms
Regulatory Protection and Legal Certainty
Enhanced Security Standards
Tax Compliance Simplification
Access to Indian Banking Rails
Critical Risk Factors for All Crypto Investors
The ClipsTrust team emphasizes these universal risks across all platforms:
- Market Volatility Risk: Cryptocurrency prices fluctuate 10-30% daily, creating significant loss potential
- Regulatory Uncertainty: Future government changes could introduce stricter regulation or taxation
- Tax Burden: India's 30% capital gains tax on crypto profits ranks among the world's highest
- Hacking Risk: Even regulated platforms remain vulnerable to sophisticated cyberattacks
- Liquidity Risk: Certain altcoins lack sufficient trading volume, making exit difficult
- Leverage Risk: Futures trading with 100x leverage can result in total account liquidation
Case Study: Real-World Platform Performance During Critical Events
When CoinDCX discovered a security breach in its systems in 2024, the exchange's response demonstrated industry-leading maturity. Rather than attempting to socialize losses across the user base or forcing customers into complex recovery arrangements, CoinDCX management made an explicit decision: the exchange would cover all affected user funds from its corporate reserves.
Key Outcomes of CoinDCX's Approach:
- User funds remained fully protected and accessible
- No reduction in account balances or token holdings
- Complete technical disclosure of the breach mechanism
- Law enforcement cooperation and active pursuit of perpetrators
- Implementation of enhanced security measures preventing similar incidents
The ClipsTrust research team found that this proactive user-protection approach, though expensive for CoinDCX shareholders, actually rehabilitated the platform's reputation and attracted sophisticated institutional investors who prioritize user protection over exchange profits. Within 12 months of the incident, CoinDCX's user base had grown to 13+ million active accounts, demonstrating market confidence in the platform's risk management.
Lesson for Investors: A platform's response to security incidents reveals more about its integrity than its initial security posture. Choose exchanges that prioritize user protection over corporate survival.
Record-Keeping and Documentation Requirements
To comply with India's tax laws, every crypto investor must maintain complete transaction records for all trading activity. The ClipsTrust expert team recommends:
- Download comprehensive reports from your exchange showing all buys, sells, transfers with exact timestamps and prices
- Maintain separate records for different trading strategies (long-term holds vs. active trading)
- Track cost basis meticulously, as the difference between cost basis and sale price determines taxable gain
- Document all transfers between exchanges or to personal wallets, as these create taxable events in certain scenarios
All FIU-registered exchanges now provide downloadable tax reports, but the accuracy remains the investor's responsibility for filing purposes.
For Active Day Traders: CoinDCX and Binance
Serious traders requiring advanced charting tools, multiple order types, and maximum market liquidity should prioritize CoinDCX for best domestic platform or Binance for absolute global liquidity.
Binance Advantages for Active Traders:
- Lowest global fees (0.023% for high-volume accounts)
- Advanced order types including trailing stops and iceberg orders
- Maximum liquidity with tightest bid-ask spreads
- P2P market for seamless USDT-INR conversions
CoinDCX Advantages for Day Traders:
- Best Indian user interface for rapid order execution
- Local custodial support reducing settlement risk
- 500+ coin selection enabling diversified arbitrage strategies
- Faster KYC if you're a new customer with urgency
For Long-Term Investors ("HODLers"): ZebPay and Mudrex
If your strategy involves purchasing Bitcoin or Ethereum and holding for years, ZebPay's systematic investment plan removes emotion and timing risk. The ClipsTrust team particularly recommends ZebPay for investors who prefer not checking prices daily (SIP automation handles purchases without involvement), want lowest possible fees (zero percent on SIP conversions), and value security and operational stability above maximum features.
Alternatively, Mudrex's Coin Sets enable passive investors to maintain diversified exposure to multiple blockchain ecosystems (Bitcoin, Ethereum, Layer-1 platforms) through a single basket investment.
For Institutional Investors and Large Accounts: CoinDCX and Binance
Institutional investors managing six or seven-figure cryptocurrency positions should prioritize:
- OTC (Over-The-Counter) Trading: CoinDCX and Binance both offer institutional OTC desks enabling large trades without impacting public market prices
- Custody Solutions: Both platforms partner with professional custodians providing segregated account structures and insurance coverage
- Compliance Reporting: Enterprise-grade tax reporting and transaction documentation for audits
- Dedicated Support: 24/7 dedicated account managers understanding institutional requirements
FAQ’s About Crypto Exchanges in India
Ans. Yes, cryptocurrency trading is absolutely legal in India as of 2026. The Supreme Court overturned the previous banking ban in 2020, and the government has since established a regulatory framework through FIU-IND registration. However, legality comes with obligations: all investors must pay 30% capital gains tax, comply with 1% TDS deductions, and use only FIU-registered exchanges.
Ans. "FIU-registered" means an exchange has formally completed the FIU-IND registration process and appears on the official list of Virtual Digital Asset Service Providers. "FIU-compliant" suggests following FIU rules but may not involve formal registration. Always verify on FIU-IND's official website that your chosen exchange appears on the registered list.
Ans. Yes. India's Directorate of Enforcement (ED) has actively pursued users of non-FIU exchanges for potential FEMA violations and money laundering violations. While individual traders' risk depends on trade amounts and patterns, using non-registered platforms creates legal exposure. Stick to the 49 officially registered platforms.
Ans. This involves trading off security against operational risk. Keeping crypto on exchanges exposes you to hacking and regulatory freezes. Personal wallets protect against hacking but require backup security (seed phrase management). The ClipsTrust research team recommends: large holdings (>1 BTC equivalent) belong in personal cold wallets; active trading amounts stay on exchanges.
Ans. The 1% TDS applies when transferring cryptocurrency from the exchange to an external wallet or another user. It does NOT apply to trades within the exchange (where it would prevent trading). The platform automatically deducts 1% of the transfer value---for example, transferring 1 BTC worth ₹30 lakh results in ₹30,000 TDS deduction.
Ans. In India, every individual buy-sell transaction is a taxable event. This means if you buy Bitcoin at ₹25,00,000 and sell it 3 months later at ₹30,00,000, you owe 30% tax on the ₹5,00,000 gain. You cannot wait to exit cryptocurrency entirely before paying taxes---taxes are due on each individual transaction.
Ans. Binance has the absolute lowest fees globally (starting at 0.023% with volume discounts), but domestic access can be limited. Among domestic exchanges, CoinDCX offers the broadest selection at 0.04%-0.2%. ZebPay offers zero percent fees on SIP investing. The "best" low-fee exchange depends on your specific trading type.
Ans. FIU registration reduces but doesn't eliminate risk. Exchanges maintain cold storage (95%+ of assets), insurance coverage, and regulatory oversight---substantially safer than unregulated platforms. However, hacks remain possible (see WazirX case study), and regulatory action could freeze accounts temporarily. Complete safety doesn't exist; FIU-registered platforms represent the lowest-risk option.
Expert Opinion - Impact of FIU Compliance on Market Growth
"According to regulatory experts analyzing India's crypto framework, FIU compliance has paradoxically accelerated market growth by creating certainty. Amit Rana, Partner at PwC, stated: "For the government, it is an opportunity to define the box, prescribe clear tasks for the players, and provide a framework to collect data and information. For the players, it gives much-needed certainty and clarity. And for investors and users, it enables them to invest with confidence. It's a win-win for all stakeholders"."
"The ClipsTrust research team corroborates this assessment---the official registration of 49 exchanges as of March 2025 represents a 200%+ increase from the handful of platforms operating openly just two years prior. Regulatory clarity attracts institutional capital."
Conclusion
The landscape for cryptocurrency investing in India has transformed from regulatory ambiguity into structured frameworks where FIU registration, compliance standards, and investor protection mechanisms create unprecedented security for users. According to the ClipsTrust research team's comprehensive analysis, the choice of exchange should depend not on abstract "best" rankings but on matching your specific investment profile to platform strengths.
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