Top 10 Crypto Exchanges In India
Cryptos have become more than just a niche concept. Both major corporations and individual investors are starting to realize the potential of digital assets. As of May 23, 2024, the global crypto market is valued at $2.73 trillion.
If you’ve been hesitant to enter the world of crypto trading and investing, you’re not alone. But the longer you wait, the more opportunities you might miss. Luckily, there are numerous crypto exchanges that have made investing in cryptos easier than ever.
In this article, we’ll explore the top 10 crypto exchanges in India for beginners. We’ll also discuss four key factors to help you choose the right one for your crypto investment journey.
BingX a global leading crypto exchange
4 Factors to Help You Choose the Best Crypto Exchange
- The range of trading pairs each exchange provides: The wide range of trading pairs allows you to diversify your portfolio and benefit from more trading opportunities.
- Fees taken by each exchange: Service costs and transaction fees are included in each exchange’s fees. Low fees can save traders a significant amount of money in the long run.
- Security measures: This factor includes multi-factor authentication, cold storage of cash, and encryption methods used by the crypto exchange.
- User interface and user experience: A user-friendly interface can make using the platform and placing trades quick, effective, and easy.
Now, let’s dive into the top 10 crypto exchanges for beginners in India in 2024.
#1 WazirX
WazirX is India’s fastest-growing and leading crypto exchange. Founded in 2018, it currently boasts a user base of more than 10 million. According to CoinMarketCap, WazirX records approximately a daily trading volume of $4 million.
Lightning-fast transactions, advanced-level security features, seamless accessibility across platforms, and fast KYC procedures are just some of the factors that make WazirX the best. WazirX offers over 350 cryptos for trading and also has its own crypto, WRX, which can be purchased with INR and then swapped for other cryptos.
WazirX is committed to providing a secure and transparent platform, emphasizing robust Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. They actively engage with regulatory bodies, participate in collaborative sessions, and even offer specialized Crypto Investigation training for Law Enforcement Agencies.
User education remains a priority for WazirX, and they disseminate valuable information through blogs, YouTube channels, guides, and coin reports. They aim to empower the community by fostering a knowledgeable and responsible crypto ecosystem.
#2 CoinDCX
Launched in 2018, CoinDCX is a popular crypto exchange in India where users can trade over a hundred cryptocurrencies. It is also India’s first crypto unicorn. The platform offers spot and margin trading features, a trading API, an easy-to-navigate mobile app, and a staking program. CoinDCX is favored by both beginners and experienced crypto traders in India for its advanced trading tools and charts.
#3 CoinSwitch
CoinSwitch is a prominent cryptocurrency exchange in India known for providing competitive rates by consolidating liquidity from leading exchanges. Its straightforward KYC process and emphasis on security as a non-custodial platform have made it a favorite among users. CoinSwitch enables trading in over 100 cryptocurrencies with a minimum investment of INR 100, all through a user-friendly interface. CoinSwitch has also launched a benchmark index to track the performance of the Indian rupee-based crypto market, known as the crypto rupee index.
In addition to these top three exchanges, there are several other notable crypto exchanges in India for beginners:
#4 Zebpay
Launched in 2014, Zebpay is a renowned cryptocurrency exchange in India with nearly 5 million registered users. It supports over 100 different coins and is popular among crypto investors for offering attractive interest rates on idle crypto holdings.
#5 BitBns
BitBns, launched in 2017, is a well-known crypto exchange in India that lists nearly 400 cryptocurrencies. It offers extensive educational resources about the crypto space through various research reports and BitBns Academy.
#6 Mudrex
Mudrex is a leading crypto exchange in India known for its ease of use and wide range of offerings. It features over 350 coins and tokens, making investing straightforward. Mudrex also emphasizes security with biometric authentication and cold wallet storage.
#7 Unocoin
Unocoin is one of the oldest crypto exchanges in India with a decade-long history of facilitating BTC’s buying, selling, storing, and other merchant processing activities.
#8 BuyUcoin
BuyUcoin is a crypto exchange favored by millennial users due to its user-friendly interface and features like a free wallet, real-time spot trading, lifetime referral commission, and cashback.
#9 Giottus
Giottus is one of the country’s fastest-growing crypto exchanges, offering users various crypto instruments to trade and earn from. It provides services such as fixed deposits, SIPs, and the creation of themed crypto baskets for long-term investments.
#10 KuCoin
KuCoin is a secure and user-friendly trading and crypto exchange platform offering a wide range of cryptos and a low fee structure. It is a top choice for many Indian investors and traders seeking frequent trading opportunities.
Undoubtedly, WazirX is India’s top crypto exchange for beginners in 2024, with the highest trading volume and the largest user base. Get started on your crypto journey with WazirX for the ultimate crypto trading experience.
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies, as they are often subject to high price volatility. The information provided in this section doesn’t represent any investment advice or WazirX’s official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
