Cryptocurrencies have gained a lot of popularity in recent times. They have outperformed all other asset classes, including gold and equity. The crypto market grew exponentially, and now these virtual currencies are looked at as a quick way to make money.
If you are looking forward to investing in Bitcoin and other cryptocurrencies, you have to use an exchange to buy, sell and hold coins.
There are plenty of crypto exchanges available in India, but you have to pick the right one with a good reputation and reasonable trading fees. Also, the crypto exchange should support multiple payment options for ease of trading.
Here’s a list of the five best cryptocurrency exchanges in India that you can use to trade Bitcoin and other cryptocurrencies.
Best Crypto Exchanges in India to Buy, Sell and Hold Cryptocurrencies
WazirX is India’s largest crypto exchange by trading volume. It was launched in 2017 and quickly became popular among crypto traders. Later, in 2019 WazirX was acquired by the largest global crypto exchange and blockchain ecosystem, Binance. Now, both platforms are tightly integrated so that WazirX users can trade all cryptocurrencies listed on Binance.
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WazirX offers multiple payment options like UPI, NEFT, and IMPS for depositing INR in your wallet. You can also use its P2P (peer-to-peer) trading platform to buy cryptocurrencies directly from sellers.
To get started, you have to complete your KYC, which only takes a few hours to complete the verification.
WazirX is available on all platforms, including web, Android, iOS, Mac and Windows.
Binance is the largest global cryptocurrency exchange by trading volume. It is one of the most trusted and secure platforms for trading Bitcoin and other cryptocurrencies.
The platform supports more than 200 cryptocurrencies, and new coins are added regularly. It also supports staking and “Savings”, which help you earn interest on your crypto holdings.
To buy crypto on Binance, you can use your credit/debit card or use P2P trading to purchase cryptocurrencies like USDT, BUSD, BTC, BNB, ETH and DAI.
Binance app provides two different modes to users – Lite and Pro. Lite mode is aimed at new users who aren’t familiar with crypto trading. It is relatively easier to use than the Pro version, which comes with a feature-packed interface.
3. CoinSwitch Kuber
CoinSwitch Kuber offers one of the best cryptocurrency trading platforms in India. It was launched in 2017, and since then, it has managed to attract a huge user base, thanks to its stable and user-friendly interface.
CoinSwitch supports more than 300 cryptocurrencies, and over 100 of them can be bought with INR. It supports popular payment options like UPI and internet banking. You can also use your digital wallets like Paytm and PhonePe for depositing money.
To get started, you have to complete your KYC, which is super easy and only takes a few hours to complete the verification.
CoinDCX was launched in 2018, and since then, it has become a very popular cryptocurrency exchange in India.
It provides a user-friendly experience and supports more than 200 cryptocurrencies. It supports spot trading, futures trading, margin trading and crypto lending.
CoinDCX offers one of the lowest trading fees in the market, which can be as low as 0.1%. Also, there are no fees for withdrawing money into your bank account.
It supports popular payment options like UPI and IMPS for depositing money in your wallet.
BuyUcoin is one of the top crypto exchanges in India that was launched in 2016. It supports more than 100 INR and USDT pairs and offers one of the lowest fees in the market.
The platform is very secure for buying, selling or holding Bitcoin and other cryptocurrencies. They store 95% of funds in offline cold storage systems, which are geographically distributed in safe vaults in secret locations.
For payments, you can use internet banking, UPI, credit/debit cards and digital wallets like MobiKwik.
So these are the five best crypto exchanges in India to buy/sell Bitcoin and other cryptocurrencies.
Also read: How to Buy Shiba Inu coin in India
The advantages of using Indian crypto exchanges are the available support of popular payment options like UPI, bank transfer and digital wallets.
The KYC process is also very easy. It takes 5-10 minutes to submit your documents and takes no time to get verified. After that, you can begin investing in your favourite cryptocurrencies.
Anyway, that’s all from us. Which crypto exchange do you prefer and, which is the first cryptocurrency you are planning to buy? Comment down below and let us know.