Best Crypto Exchanges in India: Regulated Platforms

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The Indian cryptocurrency landscape has evolved rapidly since the Supreme Court lifted the Reserve Bank of India’s (RBI) banking restrictions in 2020. With growing interest in digital assets, more Indians are turning to crypto exchanges to trade Bitcoin, Ethereum, and other virtual currencies. As regulatory clarity slowly emerges—potentially under Securities and Exchange Board of India (SEBI) oversight—traders are prioritizing secure, compliant, and user-friendly platforms.

Choosing the right exchange is critical. Factors like security, fees, trading options, liquidity, and ease of INR deposits play a major role in shaping your experience. To help you make an informed decision, we’ve analyzed top platforms based on performance, compliance, features, and user feedback.

Below are the leading crypto exchanges in India that stand out for reliability, functionality, and accessibility.

Top 6 Crypto Exchanges in India Reviewed

For traders entering or expanding within India’s crypto market, selecting a trusted exchange can significantly impact success. Whether you're a beginner or an experienced trader, the following platforms offer strong value through regulated operations, low fees, diverse trading pairs, and robust security.

1. Bitget – Overall Best Crypto Exchange in India

Bitget has emerged as a top-tier choice for Indian traders due to its comprehensive offerings and global compliance. Founded in 2018, it serves over 20 million users worldwide and supports more than 871 cryptocurrencies, with a 24-hour derivatives trading volume exceeding $6 billion.

One of Bitget’s key strengths is its advanced trading infrastructure. It offers spot trading, futures with up to 125x leverage, copy trading, staking, and mining—all accessible with competitive fees:

Indian users benefit from seamless INR deposits and withdrawals via bank transfer, UPI, credit/debit cards, and Google Pay. The platform also supports local payment methods like PIX for broader accessibility.

Regulatory legitimacy is ensured through its MSB license from FinCEN (U.S.), reinforcing trust among international users. Additionally, Bitget practices proof of reserves, ensuring transparency and asset backing.

👉 Discover why Bitget leads the pack for Indian crypto investors.

Security, ease of use, and passive income tools like copy trading make Bitget ideal for both novice and professional traders.

2. OKX – Best Exchange for Beginners

Originally launched as OKEX in 2013, OKX ranks among the most feature-rich exchanges globally. It lists over 317 cryptocurrencies and boasts a daily derivatives volume exceeding $11 billion, making it one of the most liquid platforms available.

OKX stands out for new traders thanks to its free demo trading account, allowing users to practice strategies risk-free—a rare and valuable tool in the crypto space.

Trading fees are highly competitive:

Leverage goes up to 125x, appealing to advanced traders, while beginners appreciate the intuitive interface and educational resources.

INR deposits are supported via UPI, IMPS, Paytm, PhonePe, bank transfers, and card payments. OKX is regulated by Dubai’s Virtual Assets Regulatory Authority (VARA), adding a layer of compliance credibility.

While customer support relies on email and automated chat (no 24/7 live chat), the platform’s functionality compensates for this limitation.

👉 Start your crypto journey with a free demo account today.

3. WazirX – Best India-Based Crypto Exchange

As a homegrown platform, WazirX holds a special place in India’s crypto ecosystem. With over 400,000 users and a 4.6-star app rating, it offers access to 400+ trading pairs and 400+ cryptocurrencies, including popular options like Bitcoin, Ethereum, Solana, and Cardano.

WazirX introduced India’s first P2P auto-matching system, instantly connecting buyers and sellers while holding funds in escrow for secure transactions.

Trading fees are set at:

The platform supports INR deposits via bank transfers and P2P through Mobikwik. It also features its native token, WRX, which provides fee discounts and participation in token airdrops.

Although WazirX currently lacks formal regulation (no SEBI or RBI licensing), it enforces strict KYC/AML policies and uses two-factor authentication (2FA) and multi-signature wallets for enhanced security.

Its Smart Token Fund (STF) allows new investors to follow expert strategies with a 25% profit commission—ideal for those learning the ropes.

4. Bybit – Most Advanced Crypto Exchange in India

Launched in 2018 and based in Dubai, Bybit is the second-largest derivatives exchange globally, serving over 10 million users with a daily trading volume surpassing $10 billion.

It supports 660+ cryptocurrencies and offers sophisticated tools tailored for experienced traders:

Fees are competitive:

Bybit accepts INR deposits via UPI, PhonePe, bank transfers, and cards. It is licensed as an MSB by FinCEN, ensuring regulatory alignment across jurisdictions.

Transparency is reinforced through full proof of reserves, giving users confidence that assets are fully backed.

While not beginner-friendly out of the gate, Bybit’s depth makes it a favorite among serious traders seeking performance and precision.

5. CoinDCX – Best for Advanced Crypto Traders

CoinDCX positions itself as one of India’s most secure and transparent platforms. It supports over 500 cryptocurrencies and offers margin trading (up to 10x leverage), futures, lending, staking, and SIP (Systematic Investment Plans).

Unique features include:

Fees:

Regulated by the Financial Stability Board (FSB) framework and storing 95% of funds in cold storage, CoinDCX emphasizes security and compliance.

INR deposits are available via UPI and IMPS, making onboarding simple for local users.

6. BitBNS – Best for Advanced Trading Features

BitBNS caters to traders looking for innovation and depth. It offers nearly 350 cryptocurrencies, including metaverse tokens like Alien World, DEAPcoin, and Klaytn.

Notable offerings:

Fees:

While not formally regulated, BitBNS provides strong educational resources via BitBNS Academy, helping users build knowledge alongside their portfolios.

INR deposits supported via UPI, NEFT, IMPS, RTGS, and P2P.

How to Choose a Crypto Exchange in India?

Selecting the right platform involves evaluating several key factors:

Security

Prioritize exchanges with:

Fees

Compare:

Trading Options

Look for:

Liquidity

High liquidity ensures faster trades at better prices. Check 24-hour trading volume—exchanges like Bitget and OKX lead here.

User Experience

A clean interface, mobile app quality, language support (e.g., Hindi), and responsive support enhance usability.

Is Crypto Trading Legal in India?

Yes—cryptocurrency trading is legal in India following the Supreme Court’s 2020 reversal of the RBI’s banking ban. However, there is no comprehensive national regulation yet.

While SEBI is expected to take oversight in the future, current operations rely on self-regulation and adherence to AML/KYC norms. Always verify an exchange's compliance status before investing.

Is Crypto Taxed in India?

Yes. Under Section 115BBH of the Income Tax Act:

Gains must be reported under Schedule VDA in your ITR.

How to Buy Cryptocurrency in India: Step-by-Step

  1. Choose a Platform
    Pick a secure exchange like OKX or Bitget that supports INR deposits.
  2. Register & Verify
    Complete KYC with ID proof (Aadhaar/PAN) to activate your account.
  3. Deposit INR
    Use UPI, bank transfer, or card to fund your wallet.
  4. Buy Crypto
    Navigate to the trading section and purchase assets like BTC or ETH.
  5. Secure Your Holdings
    For long-term storage, transfer coins to a private wallet.

👉 Begin your crypto journey on a trusted global platform now.

Frequently Asked Questions (FAQs)

Are cryptocurrency exchanges allowed in India?

Yes. While not fully regulated yet, crypto exchanges can legally operate if they comply with KYC/AML guidelines.

How do I know if a crypto exchange is safe?

Check for proof of reserves, cold storage usage, insurance policies, regulatory licenses (like FinCEN or VARA), and user reviews.

What are the benefits of using a regulated exchange?

Regulated platforms offer higher transparency, better fund protection, legal accountability, and often lower risk of shutdowns.

Can I deposit INR directly into crypto exchanges?

Yes—most top exchanges support direct INR deposits via UPI, IMPS, NEFT, RTGS, bank transfers, or P2P trading.

Do I need PAN or Aadhaar to trade crypto?

Yes—KYC verification typically requires PAN card and government ID (like Aadhaar) for compliance with Indian financial regulations.

Which exchange offers the lowest fees in India?

OKX offers some of the lowest spot fees at 0.08% maker / 0.10% taker, followed closely by Bitget and Bybit.

Final Thoughts

India’s crypto market continues to mature amid evolving regulations. For traders seeking reliable access to digital assets, platforms like Bitget, OKX, WazirX, Bybit, CoinDCX, and BitBNS offer distinct advantages depending on your goals—be it low fees, advanced tools, beginner support, or passive income opportunities.

Always prioritize security, transparency, and ease of INR integration when choosing your exchange. With the right platform, Indian investors can confidently participate in the global crypto economy.

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