Best Crypto Exchange In India – List Of Top 5 In 2022

Indian cryptocurrency enthusiasts are more eager than ever to capitalize on the growth potential of digital assets.

However, choosing the right crypto exchange is essential for traders to safely navigate this risky and volatile industry. Not all crypto platforms serving India are the same. They differ significantly in quality of service and various functions. Exchange-listed coins, fees, transparency, and security are of great importance in determining the suitability of an exchange.

In this article, we have compiled a list of 5 trusted platforms that will help you access the best crypto exchange markets in India.

1.CoinDCX

Founded in 2018, CoinDCX is the best crypto trading app in India with over 1.3 million Indian users and over 200 coins where you can start with as low as INR 500. The exchange offers a variety of crypto solutions, including easy-to-use apps for crypto investors, advanced trading products, crypto education courses, and the CoinDCX Venture program to support Web 3.0 startups. Additionally, CoinDCX supports:

• Instant purchase and sale (exchange) of various cryptocurrencies.
• Margin trading with up to 6x leverage on over 250 cryptos.
• Trade futures with up to 15x leverage.
• ETH2, EOS, NEO, ONE, QTUM, TRX and XTZ with annual bonuses of up to 20%.
• Crypto loans to earn a fixed interest rate of up to 16.25% per annum.

Furthermore, the platform supports an easy and fast payment system for the convenience of Indian investors, allowing them to make deposits through NEFT, RTGS, IMPS and P2P services. CoinDCX offers free INR deposits and withdrawals, but charges maker/acceptor fees for margin trades which gradually decrease with volume.

Most importantly, the exchange includes a multi-level security system with deep encryption, with 95% of funds stored in multi-level cold wallets. Additionally, CoinDCX is expanding dedicated liquidity services for trade orders of ₹30,000,000 and above, offering better and locked rates.

2. WazirX:

WazirX is one of the most popular and trusted crypto platforms in India where you can buy, sell and trade digital assets with super-fast transactions. This encryption service is accessible on multiple devices including web, Android, iOS, Windows, and Mac, providing a seamless user experience.

The exchange lists a large number of cryptos pegged to INR/USDT/WRX (the native token of WazirX)/BTC on its on-site trading platform. All spot trades are subject to a 0.2% sender/receiver fee, but WRX pairs are exempt from all fees. Moreover, WazirX includes a secure P2P exchange platform with an automatic and fee-free matching mechanism, which makes it easy to buy and sell Fiat and USD. Additionally, with the referral program, members can earn up to 50% of merchant fees paid by referrals as rewards.

WazirX is considered the best crypto exchange in India due to its simplified trading interface, 8 instant P2P trading options and a mobile app with live market charts and quick buy/sell options. Moreover, the platform offers top-notch security with 2FA account security and a fast KYC verification method.

3.BitBNS

Bitbns is another best crypto trading app in India with lots of features and services for all types of crypto traders. The platform has over 394 digital coins, a solid security framework, particularly poor protection, and an average daily volume of around $22.5 million. Bitbns supports:

• A fast exchange where you can instantly swap (buy/sell) crypto for USDT or INR.
• Margin trading, futures trading and options trading (testnet).
• USDT peer to peer trading.
• Various fixed deposit plans earn up to 40% APY.
• Ascent is a decentralized token launch platform that allows you to raise funds for new projects.
• Bitdroplet is a program that allows you to run SIPs with Bitcoins for less than $1 per day.
• Exclusive Bitbns hardware wallet with EAL 6+ certification, compatible with multiple cryptocurrencies, staking, NFT, DeFi and dApps.
• BNS is betting to get crypto at discounted prices. (Please note that BitBNS is powered by its own token called BNS, which has many uses in daily transactions and complex operations such as banking, crypto-investments and loans. According to VIP level)

The platform does not charge any fees for deposits and withdrawals via UPI, bank or P2P. A small fee of INR 4-9 is charged for instant withdrawals only. Bitbns includes "predict and win" contests, spring coupons, and a "referral program" where you can earn 50% trading fees from anyone you refer:

4. Coin mechanism

Founded in 2017, CoinSwitch Kuber is one of the largest crypto exchanges in India with over 18 million verified users and over 90 coins supported. The platform combines a user-friendly layout and common features suitable for new investors, allowing them to start as low as INR 100. Available for Android and iOS, CoinSwitch supports trading INR to Crypto, Crypto to Crypto, and Crypto to INR. Members can make free deposits in several available modes including NEFT, RTGS, and IMPS.

Additionally, the exchange hosts the Crypto Rupee Index (CRE8), which reflects the state of the Indian crypto market. It is calculated based on the top 8 crypto-assets by market capitalization listed on the CoinSwitch platform and cannot be derived from any existing stablecoin or index component.

Additionally, this crypto service offers a Systematic Investment Plan (SIP) based on Rs cost averaging method. This plan allows you to invest a fixed amount of Bitcoin each month to weather market volatility of cryptography. CoinSwitch also hosts an extensive educational section called Switch, which contains many informative articles, price analysis reports, and crypto-related videos.

Overall, CoinSwitch is firmly positioned as the best crypto exchange in India as it is specially designed for Indian residents where they can enjoy local currency deposits and withdrawals, trade crypto instantly, and participate in SIPs in a secure environment.

5. Geatos

When talking about the best crypto exchanges in India, Giottos cannot be ignored due to its user-friendly features and low-cost ecosystem. Giottos is a multilingual crypto trading software with live and fast trading of various crypto/INR, crypto/BTC and crypto/USDT pairs. It is a versatile crypto space that includes various services such as:

• Various crypto baskets such as meta-based baskets, major coins, and beginner baskets to help you diversify your portfolios.

• Giottos Fixed Returns allows you to earn some of the best interest rates in the industry on your crypto deposits such as B. 20% APY on USDT and 36% APY on AXS.
• Stock the most popular parts including MATIC, ADA and SOL.
• A systematic investment plan for average asset value and long-term profitability.
• An attractive referral program where you can earn up to 100% of your referrals' trading fees, earn up to 10,000 free chips and “Spin the Wheel of Fortune”.

In addition to the features listed above, Giottos will soon launch a cryptocurrency service. Also, the exchange offers free INR deposits and withdrawals which can be done via IMPS/NEFT/RTGS/UPI. In terms of trading fees, Giottos lists a fixed acceptance and generator fee of 0.20%; However, for some pairs like BTC/INR and ETH/INR, the generator fee is zero.

All in all, Giottos is definitely one of the best crypto trading apps in India that you can start with less money. 100 and effectively feel the volatility of the crypto market.

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