Best Crypto Exchanges in India for 2023

It’s never been easier to buy and sell cryptocurrencies in India. However, it’s imperative you carry out research on the platform you intend on trading with.

Today we make this task much easier by offering reviews of the best crypto exchanges in India. Our research focuses on supported crypto markets, trading commissions, deposit fees, safety, and more.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.

To find the best Indian Bitcoin exchange for your goals, read the following reviews of each platform in full next.

The Top Bitcoin Exchanges in India Reviewed

The best cryptocurrency exchange in India will be able to provide you with access to a varied number of digital assets, whilst keeping trading costs to a minimum and providing exposure to Asian cryptos.

You should also check the regulatory status of the platform in question. Those that comply with regulatory guidelines invariably offer a better and more transparent service to traders.

Let’s take a look at the best cryptocurrency exchanges in India to aid your decision-making process.

1. Capital.com – Overall Best Crypto Exchange India for 2023

When researching the overall best crypto exchange in India, we found that the leading CFD platform Capital.com came out on top. For any beginners reading this guide, CFDs track the price of the crypto asset in question. As a trader, you are tasked with predicting whether it will rise or fall in value.

This is a more flexible way to make gains from trading cryptocurrencies. If you speculate that your chosen cryptocurrency will plummet in value, you can place a sell order and if correct you will make a profit. The alternative is to enter the market with a buy order when you believe the token in question will increase in value.

Capital.com is the best place in India to trade crypto assets as CFDs because you can buy and sell with a 0% commission payable. You will have to pay the difference between the buy and sell price of the asset – known as the spread, and we found this to be competitive at Capital.com.

Moreover, you don’t have to worry about keeping your crypto tokens away from hackers as you are not buying the underlying asset itself. In terms of diversification opportunities, unlike many, this global crypto exchange allows people in India to trade both digital currencies and stocks. This is handy if you ever decide to try trading equities as you can access both under one roof.

In fact, you can also trade the future value of indices, ETFs, metals, energies, and more. This CFD broker offers a user-friendly platform. There is also a mobile app so you can trade cryptocurrencies wherever you have an internet signal. There are more than 470 crypto pairs to trade at Capital.com, so diversification is easy. Additionally, Capital.com is also regarded as one of the best forex brokers in India for its competitive spreads and low non-trading fees.

You can fund your account using a debit or credit card, wire transfer or online banking arranged through most Indian financial institutions. You can also choose the online payment service GlobePay. The minimum deposit is just $20 which is around ₹1,500. If you opt for a wire transfer, however, the minimum is $250, which is about ₹19,300.

What we like

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.

2. Crypto.com – Great Cryptocurrency Platform to Earn Up To 14.5% Interest

Crypto.com is the best India crypto exchange for traders who want to adopt a buy-and-hold approach. This is because you can earn up to 14.5% APR on idle tokens you’ve purchased. The amount you will get will depend on the token in question and the terms you choose.

You can take your pick from 1 and 3-month interest-earning accounts, as well as flexible plans. You can also earn a higher interest rate on your cryptocurrencies by buying and staking CRO, which is Crypto.com’s native token.

There is a commission fee to pay when you trade at this crypto.com exchange. This will be up to 0.4% of the transaction amount. If you settle on Crypto.com as the best Bitcoin exchange in India, you will be joining 50 million other traders. Your account will be verified in no time at all and you can start trading on desktop or on its crypto app.

The platform supports deposit methods such as credit/debit cards and wire transfers. Visa and MasterCard purchases command a fee of 2.99%. You should also check with your card provider if any additional fees apply. This is because some Indian banks are still preventing direct payments to crypto exchanges. The minimum deposit at Crypto.com is $20 nonetheless.

This exchange has its own crypto Visa card that can be used to make purchases and convert Indian Rupee into digital currencies. The Crypto.com Visa card offers up to 8% cashback on bookings made on various sites such as Expedia and Airbnb. There are also promotions and rebates offered on services like Netflix and Spotify, and even perks such as LoungeKey airport access.

There are options when it comes to storing your cryptocurrencies. You can download the DeFi wallet to take full control of your investments and passkeys. The alternative is to use the web wallet which is a browser-based plug-in. Either way, both crypto wallet options offered by this provider are user-friendly.

What We Like:

Cryptoassets are a highly volatile unregulated investment product.

3. Binance – Low Commission Crypto Exchange for Trading

Binance is another worthy contender for the best cryptocurrency exchange in India. This is one of the biggest crypto exchanges globally and it will provide you with access to over 600 digital tokens. All are available to buy, sell and trade in India at super low fees.

In fact, Binance charges a competitive standard commission of just 0.10%, so you know where you stand when placing an order. Opening an account is simple enough and there is also the option to trade on the Binance P2P platform, which supports 300 different payment types. Trades on Binance P2P are made using escrow service protection.

This ensures your transactions are somewhat protected if the other party lets you down. You can fund your investments using your credit/debit card, and wire transfer at Binance. Not only is this a global crypto exchange, but you can also earn rewards from staking as a way of increasing your income.

Indian traders could also apply for the Binance Visa card to take advantage of some key benefits. You can use Binance Visa to make purchases online or in-store as you would with any other card. Binance has also launched the High-Yield staking center, which allows you to earn up to 104% APY. Want to buy crypto tokens and hold onto them long-term?

If so, you can also opt into flexible or locked savings accounts. This is essentially like a fiat bank account, only you will earn interest on idle digital currencies instead. Not only that, but you can link it to Google and Samsung Pay and will also be eligible for up to 8% BNB cashback on qualifying purchases.

There are no annual fees to pay for the card and there is no charge for ordering it and signing up. That said, there may be third-party fees, so make sure you research this before ordering your card. The amount of cashback you are able to gain on your purchases will depend on your card level.

This will also be dependent on whether the merchant is included in the reward program. Binance also has a great NFT marketplace that features digitalized art, animations, celebrities, mystery boxes, and more.

What we like

Cryptoassets are a highly volatile unregulated investment product.

4. Coinbase – Top Exchange for Newbie Crypto Traders

Coinbase is one of the best Indian crypto exchanges for newbies. The platform makes the process of opening an account incredibly easy. This is because Coinbase is easy to navigate and linking your chosen deposit method, funding your account, and uploading your ID takes minutes.

That said, there are some fees to watch out for at Coinbase. For instance, if you want to buy cryptocurrency using your debit card, you will be charged 3.99% of the transaction value. This is a fee that can soon eat away at your profits.

You can avoid this charge by choosing to make a deposit via wire transfer. However, at the time of writing, UPI deposits are temporarily unavailable to Indian Coinbase traders, which is due to informal pressure from RBI.

This is something you should check out yourself before choosing this platform as it is subject to change. You can still convert crypto assets on the platform nonetheless. In any case, the recommended minimum deposit is $50, which is around ₹3,800. In terms of other fees, when you buy and sell cryptocurrencies at Coinbase, there is a commission of 1.49% to pay.

If you are a beginner, you might be better off choosing Capital.com, where you will pay 0% commission to trade crypto CFDs. Like some of the other top crypto exchanges in India, for instance, Crypto.com, Coinbase has its own Visa card. You can use it to make contactless payments and withdraw funds from ATMs.

The Coinbase Visa card comes alongside a dedicated app. Once downloaded, you can make purchases with cryptocurrencies all over the world, track your spending and benefit from instant transactions.

What we like

Cryptoassets are a highly volatile unregulated investment product.

5. ZebPay – India-Based Platform Offering Up To 10% for Lending Your Crypto

ZebPay is both a trading platform and one of the best Indian crypto exchanges for earning interest. So as well as buying and selling crypto there are various ways in which you can earn an APY, one way is buying cryptocurrencies and holding onto them – or, HODLing. ZebPay Earn works as a crypto savings account for digital currencies.

This allows you to receive a return at the end of each month. To give you an example, the platform pays an interest rate of 0.50% on Bitcoin, Ethereum can earn you 0.5%, and Binance Coin comes with a rate of 1%. There are more tokens available for those interested in ZebPay Earn, so check the platform for more information.

The ZebPay Lending program is also an option when trading crypto on this Indian Bitcoin exchange. Under the fixed-term deposit, all you need to do is lend the platform your digital tokens for seven days. The returns you receive will depend on the volume and tokens you hold. The two options are standard deposit and fixed return.

A fixed return deposit can earn you between 3% and 7.5% annually. A standard fixed deposit creates an annual return of between 9% and 10%. There are over 130 cryptocurrencies supported at this exchange. You will need to pay a commission when buying and selling crypto assets at ZebPay. The fee structure at this crypto exchange is based on a maker and taker model.

Specifically, the fees are charged as follows: makers pay 0.15%, takers are charged 0.25% for each transaction and intraday traders pay 0.10%. Moreover, inactive account holders will be charged 0.0001 BTC per month. You can avoid this charge by carrying out at least one trade per month.

You can fund your ZebPay account by setting up a bank transfer via RTGS/NEFT. The minimum deposit stipulated by this crypto exchange is ₹5,000.

What we like

6. Paxful – Leading P2P Bitcoin Marketplace in India

Paxful is the best Bitcoin exchange in India for those looking for a peer-to-peer marketplace. This platform connects Indian buyers and sellers and offers a free Bitcoin wallet to all clients. The Paxful wallet comes with 2FA and robust security features.

You can sell Bitcoin using your local bank account on Paxful. In doing so, you could earn yourself up to 60% in rewards on every sale. Another way to earn a passive income at Paxful is via the Bitcoin Kiosk and Affiliate program.

This allows you to earn 2% on every trade by sharing the link given by the platform. Paxful also offers benefits as part of its trader program. As you move up to different levels the exclusive benefits vary. This can include priority support, a dedicated account manager, and lower trading fees.

Payment methods are plentiful and include debit/credit cards, Paytm Online Wallet, Google Pay, IMPS transfer, Game Items, PayPal, and PhonePe. Note that to fund your account with PayPal in India, you need to make a security deposit. This starts from 0.0005 BTC. It is also important to note that Paxful supports just three cryptocurrencies.

We found that you can only buy Bitcoin, Ethereum, and Tether. If you decide this is still the best Indian crypto exchange for your goals, you can sign up and begin your search right away. To start, you can choose the token you wish to buy from the drop-down list of three.

You can then choose a payment method from the 300 available, enter the amount you wish to spend, and then find an offer you like. Put simply, doing this will filter the results down so you only see suitable crypto offers. Regardless of the payment type, the platform takes 1% of every crypto sale. The minimum deposit is $10 which is around ₹770.

What we like

7. WazirX – Top Crypto Exchange for Newbies and Intermediate Traders

WazirX offers more than 250 cryptocurrency pairs across over 120 tokens, making it one of the top crypto exchanges in India. This platform is really easy to use and will therefore be suitable for complete beginners as well as intermediate traders.

The WazirX platform is a crypto exchange but also features P2P trading. The native WazirX token is called WRX. It was created to suitably reward the WazirX community for their support, as well as to pay fees. The commission fee here depends on the amount of WRX tokens you hold but can go up to 0.2%.

According to the platform, this ranges from 0.1% for WRX holdings totaling 1,000+ tokens or more, and 0.2% if you hold less than 10 tokens. To offer an example, let’s imagine you have 250 WRX held at WazirX and want to buy ₹1,000 worth of BTC in the INR market. In this case, you’ll have to pay a 0.15% trading fee on the order.

If you don’t hold WRX tokens, the fee is 0.2% regardless. The minimum deposit at WazirX is ₹100. Accepted payment types include WazirX P2P, bank wire, and Mobikwik (wallet transfer). Alternatively, a debit card can be used to top up your Mobikwik wallet prior to you using it to make a deposit at WazirX.

Withdrawal fees vary depending on the payment method and also whether it is carried out via the main platform or the mobile app. If you refer a friend via a special link, you can earn up to 50% of each trading fee paid by the person you’ve recommended to the platform. All you need to do is log in and opt to participate.

At the time of writing, you can also apply for a signup bonus by entering a referral code. Always double-check information surrounding bonuses as they change regularly at most WazirX. Finally, is compatible across various platforms, such as Windows, iOS, Android, and macOS.

What we like

The Best Indian Crypto Exchanges Compared

Reviewing and comparing the best crypto exchanges in India is no easy task.

To make things easier, you’ll see a comparison table below covering all the platforms we’ve talked about today.

How to Choose the Best Cryptocurrency Exchange for You

When you’re researching the ins and outs of the best Indian crypto exchanges, you will see there is a big disparity between what features you can expect to find.

There will also be variations when it comes to fees, safety, customer service, and more. 

To clear the mist and help you make the right decision, take a look at the checklist below prior to choosing the best Bitcoin exchange in India

Regulation

When you are looking for the best crypto exchange in India – make sure you research its regulatory standing. This is usually achieved with a simple internet search.

It’s widely believed that eventually, SEBI will be tasked with regulating Indian crypto exchanges. That said, at the time of writing this hasn’t been enacted into law.

Nonetheless, Capital.com is one of the best cryptocurrency exchanges in India for safety. It is authorized and approved by several regulatory bodies, including the FCA, ASIC, CySEC, and NBRB.

As such, so you know you are trading in a secure and professional environment.

Tradable Cryptos

Whilst reading up on the best crypto exchanges in India, you will no doubt notice there is a huge disparity between the number of digital assets you will have access to.

For example:

• Capital.com offers over 470 crypto markets
• Crypto.com lists over 250 coins
• Paxful only allows you to buy three different crypto assets

With this in mind, think very carefully about which platform you create an account with – as you will probably wish to diversify later.

Sign-Up Offers

Some of the best crypto exchanges in India run promotions such as sign-up offers and referral rewards.

For instance:

• Let’s say you recommend a friend to Capital.com and they deposit at least $200, which is around ₹15,500. As long as they make three trades, Capital.com will give your friend a $50 (about ₹3,800) bonus and you will receive the same.
• At Crypto.com, you can earn $10 or $50 worth of CRO tokens if you stake 1,000 CRO or 5,000 respectively on the exchange.
• Crypto.com also offers a bonus up to the value of $50 for you and the person you recommend.

As you can see, what you need to do to unlock sign-up bonuses and earn free crypto will depend on the respective exchange. As such, make sure you research the terms and conditions of a bonus before claiming it.

Fees

Fees must also be taken into consideration when searching for the best crypto exchange in India. Crucially, top platforms in this market offer very low commissions.

For example:

• You can trade cryptocurrency CFDs at Capital.com whilst paying 0% commission
• In contrast, Coinbase charges all traders a standard commission of 1.49%

There is clearly a lot of disparity between crypto exchanges, so using a platform with higher fees can have a big impact on your gains over time.

Tools & Features

When searching for the best crypto exchange in India, think about what trading and investment tools you seek access to.

For instance, if you want to be able to go long or short on your chosen cryptocurrency, then the CFD trading platform Capital.com is a great option. This platform is also commission-free.

If you are hoping to earn some interest on your digital holdings, Crypto.com is a great platform to consider. You can earn up to 14.5% APY in rewards. This is in addition to any gains you make if the value of your token rises in value.

Payment Methods

When you think you’ve found the best crypto exchange in India for your goals, you will need to check which deposit methods are available to you on the platform in question.

• As we touched on, it’s not illegal for crypto platforms to allow Indian Rupee deposits
• However, some have suspended deposits via UPI, RTGS, IMPS, and NEFT temporarily
• This is due to uncertainty surrounding the banking sector and its relationship with crypto exchanges

That said, there are alternative methods, such as buying cryptocurrencies via P2P platforms or sticking with CFD trading brokers like Capital.com.

Customer Service

A key consideration that can make or break even the best crypto exchange in India is customer service.

At Capital.com, you can contact customer service via live chat 24/7. You can also email the team with any enquires. Crypto.com also offers 24/7 live customer support.

How to Use a Crypto Exchange in India

Now, we are going to show you how to open an account with Capital.com.

This trading platform gives you access to over 470+ crypto pairs at  0% commission and the minimum first-time deposit is just $20 when using an e-wallet or debit/credit card.

Step 1: Open Capital.com Account

Head over to Capital.com and click ‘Trade Now’ to open an account. Here you can enter your email address and also a password of your choosing.

After clicking ‘Continue’ you can complete the next online form. This takes minutes and will require you to enter your full name, address, and date of birth.

Capital.com operates within the laws and regulations of multiple bodies so you will need to complete a KYC process. This is a simple case of attaching a copy of a photo ID like your passport, driver’s license, or PAN card.

For your proof of residency, you can choose a statement from your bank or a utility bill. Check the Capital.com platform for more options.

Step 2: Deposit Funds

Choose a payment method from what’s available so that you have funds in your account for any crypto orders you wish to place.

Deposit options include debit/credit card, UPI, bank wire, internet banking, and GlobePay. You can get started by funding your account with $20 or more.

Step 3: Search for Cryptocurrency

To find your chosen cryptocurrency market, type it into the search bar.

Here, we are looking to trade Bitcoin against the US dollar. When you see the crypto pair you wish to speculate on, click it to place an order.

Step 4: Trade Cryptocurrency

Capital.com allows you to speculate in either direction because you are trading CFDs rather than actual crypto tokens.

As such, you can now click ‘Buy’ if you think the price of your chosen asset will rise, or ‘Sell’ if you believe it will fall.

Complete the order by entering the amount you wish to stake on the trade.

Are Crypto Exchanges Legal in India?

In 2018 there was a ban on cryptocurrency transactions. However, in 2020, the Indian Supreme Court approved the use of cryptocurrencies in the financial industry.

• In terms of legal and regulatory clarity, dealing in cryptocurrency is not prohibited under Indian law and nor are fiat deposits to such platforms
• That said, as of early 2022, some financial institutions and payment service providers in India have blocked transactions to and from crypto exchanges
• Some crypto exchanges are able to get around this by accepting deposits via wallets such as MobiKwik
• Moreover, blocks imposed by some payment providers aren’t expected to last forever

The bigger picture is that the Indian crypto community has effectively overcome the Reserve Bank of India’s objections. Therefore, buying, selling, trading, and mining cryptocurrencies is not illegal in India.

Some crypto enthusiasts have even started looking for the best Bitcoin casinos in India. Read our guide for more details on how you could get 15% cashback on losses for the first 7 days with some of the top crypto gambling sites in 2023.

Conclusion

Today we’ve reviewed the very best crypto exchanges in India. If you’re still undecided on which platform to trade digital assets, Capital.com is well worth considering.

This top-rated platform allows you to go long or short on crypto, and thus, make gains from price fluctuations in either direction.

Not only that, but Capital.com doesn’t charge any commission fees and the platform is regulated by NBRB, ASIC, the FCA, and CySEC.

Cryptoassets are a highly volatile unregulated investment product. 

FAQs