Top Crypto Exchanges in India in 2023

With all of the frenzy and hype about cryptocurrency across the world, India is no stranger to it. In this article, we will discuss in brief about the top 7 crypto exchanges in India in 2023.

1. WazirX

Founded in 2017 by Nischal Shetty, WazirX is one of India’s most trusted cryptocurrency exchange. One can buy, sell, and trade currencies like Bitcoin, Ethereum, Litecoin, Ripple, and more. It is a legal secure exchange that can handle millions of transactions and is available on all platforms – Android and iOS mobile, Web, Windows and Mac applications. It even has its own utility token WRX. The tokens have been launched so as to reward those who contribute to the building of WazirX accordingly and rightfully. To get started on WazirX, you need a minimum amount of ₹100, and it takes approximately 24-48 hours to reflect the money deposit in the Wazirx dashboard. However, sometimes it can be done instantly. WazirX is operated by Binance, which we will discuss next.

2. Binance

Also founded in 2017 like WazirX, Binance is among the best exchanges in the world. Its founder is Changpeng Zhao, commonly known as “CZ”. As of April 2021, Binance was the largest crypto exchange by trading volume worldwide. It provides 24/7 support and 14,00,000+ transactions per second. Its average daily volume is 2.0 billion and is compatible with multiple devices. It has its native asset “BNB” which has multiple forms of utility and fuels the Binance Ecosystem. Binance is fast and secure. More than 500 cryptocurrencies are available here, with a low trading fee of 0.1%. On Binance P2P, you can buy crypto via INR with 0 fees. You can also transfer via WazirX.

3. UnoCoin

One of the first cryptocurrency exchanges in India, UnoCoin caters to more than 1.5 million users. Its founders include Sathvik Vishwanath, Abhinand Kasethi, Sunny Ray, and Harish B V. UnoCoin has been in service to India since 2013, and is a very trusted platform. Its users can trade Bitcoin, Ethereum, and Tether securely. It offers its users Recharge and Top Up wallets and traders are also provided with a unique address that automatically sells Bitcoin. Unocoin deposits permit a minimum amount of ₹1,000.

4. CoinDCX

Started by Sumit Gupta in 2018, CoinDCX gained popularity and trust within a short period of time. It is an ISO certified company, and the CoinDCX space keeps on innovating. They provide both lending and margin trading. When you lend USDT on CoinDCX, you can earn 15% interest annually. Also, even in bear market, you can make money by shorting the coin when you use margin trading option. Their daily trading volume is 40M+. Using CoinDCX, you can trade across 250+ coins. It is user-friendly and you just have to follow 4 easy steps – register, complete KYC, make a deposit, and place an order.

5. CoinSwitch Kuber

Founded last year in June 2020 by Ashish Singhal, this exchange lets you begin trading with a fee of just ₹100. It offers more than 100 cryptocurrencies including Bitcoin, Litecoin, Ethereum, Dash, Ripple using Indian Rupees and has around 3 million users. Their Kuber app is available on both Android and iOS supported systems. Using CoinSwitch Kuber, you can buy and sell cryptocurrencies at the best market rates with zero fees. Backed by Paradigm, Sequoia, and Ribbit Capital, more than 3 million Indians have put their trust in Kuber and carried out ₹500 crores in trade. You just have to download the app, complete KYC, and trade!

6. Giottus

Founded in 2017 by Vikram Subburaj and Arjun Vijay, using Giottus you can buy and sell Bitcoin, Ethereum, Tron, Ripple, Bitcoin Cash, USDT and Trade across hundreds of cryptocurrency pairs. You can instantly get started with Giottus, and your KYC is verified in under 5 minutes. It is a highly reputable exchange in India, and its application is also available for both Android and iOS users. Their customer support is also very helpful. They require no fees for INR deposit and withdrawal, and a 24/7 banking option. Security is of utmost priority with Giottus.

7. BitBNS

Founded by Gaurav Dahake in late 2017, BitBNS is also a very trusted and secure exchange in India. With BitBNS, there’s KYC, 2FA, Fingerprint/PIN access, and a lot more in terms of security, as it is of utmost importance. You can trade upto 136+ digital assets. BitBNS has more than 1.3M active users and its daily trading volume is around $27 million. Apart from this, they provide 24/7 live support service which is a great factor. They also have Bitdroplet where you can start your SIP in Bitcoin. I believe that India, like many other countries, will gradually move away from its hostile behaviour towards cryptocurrencies as can be seen from some examples, and its wider adoption will take place in the near future. It is never too late to start investing. However, always keep in mind that investing in crypto comes with losses and uncertainty, so go by your own instincts as the decision is totally upto you.