Let’s explore Some Best Cryptocurrency Exchanges in India

Every year we conduct an in-depth review of the cryptocurrency trading platforms available in India. To arrive at these choices, we compared user experience, fees, payment methods, and coin choices for dozens of platforms.

You may want to use multiple exchanges to benefit from their unique combination of services, such as using one for their cash flow and another for accessing NFTs or staking services.

India's Best Cryptocurrency Exchanges

1. Kraken

Kraken is one of the oldest platforms in the industry. It is also a feature-rich exchange with an emphasis on teaching, which is why it got the 2022 Cryptocurrency Trading Platform award for Global Crypto Exchange best demand from Finder.

Kraken is popular with over 9 million users and boasts a daily trading volume of $500 million, making it one of the largest exchanges in the world. But in terms of overall features and trading tools, Kraken really excels. It is clearly created for traders, but it does not leave beginners behind.

1. WazirX

WazirX is the largest centralized cryptocurrency exchange in India and a must-have platform for Indian users to trade cryptocurrencies with ease. With over 6 million registered users and a monthly trading volume of over $5 billion, WazirX has become one of the most popular cryptocurrency exchanges in India.

Overall, WazirX is a solid choice for Indian users looking to trade cryptocurrencies easily, conveniently, and securely.

1. Binance

Binance is by far the world's largest cryptocurrency exchange in terms of trading volume. It supports over 300 cryptocurrencies and offers very competitive fees.

1. BitNasdaq

BitNasdaq is a leading best cryptocurrency exchange in india that offers many advanced features and services to help users manage their cryptocurrency investments. It is a marketplace where buyers and sellers meet and exchange Bitcoin using a variety of payment methods. It is registered in Singapore and supported worldwide including India. For beginners, it also offers many innovative educational materials including a free demo account that helps users to learn and practice trading. No other exchange platforms provide a free demo account like Bitnasdaq. It is considered as one of the best platforms that support crypto P2P trading.

1. Crypto.com

Crypto.com is our best NFT exchange pick because it makes buying, selling, and creating NFTs simple. The platform allows you to browse popular collections and upcoming releases, and even learn more about the content creators and their inspirations behind NFT artwork. You can also register as a creator and mint your own NFTs directly on Crypto.com's native blockchain, Cronos.

1. BuyUcoin

BuyUcoin is a great platform for those looking to build a diversified cryptocurrency portfolio by dollar-cost averaging across cryptocurrency baskets.

Its Systematic Cryptocurrency Investment Plan (SCIP) allows investors to start with as little as INR 100 and invest in a group of top performing assets including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Chainlink (LINK) and Polkadot (DOT) daily, weekly, monthly or quarterly.

1. KuCoin

KuCoin lists a promising list of altcoins compared to other centralized cryptocurrency exchanges, which is why it is our emerging winner in the altcoin category.

Many of these assets are new, untested, and much riskier than coins like BTC and ETH, so be careful.

1. Bybit

Bybit is one of the leading cryptocurrency derivatives exchanges in terms of trading volume. Bybit supports instant purchases as well as spot markets and offers a wide range of cryptocurrency products. Additionally, the Bybit platform is an all-in-one platform for creating, buying, and bidding on NFTs, making it an attractive option for traders interested in the NFT market.

1. ZebPay

ZebPay is a cryptocurrency exchange that allows you to easily buy, sell, and trade over 150 cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and more. With a user-friendly interface, competitive fees, and advanced security features, ZebPay is a popular choice among new and experienced cryptocurrency investors.

1. CoinSwitch

CoinSwitch is a leading cryptocurrency app that provides a simple and secure way to buy, sell and trade cryptocurrencies. With a user-friendly interface and advanced security features, CoinSwitch is an ideal application for both new and experienced cryptocurrency investors who want to access hundreds of digital assets at the best price with just one easy-to-use terminal.

How to choose the best cryptocurrency exchange in India

It is important to research multiple cryptocurrency platforms and compare the pros and cons of each option. The best cryptocurrency exchange for you depends on what you are looking for, so consider the following:

How to use a cryptocurrency exchange

1. Compare cryptocurrency exchanges to find the one that offers the right service for you. 2. Create an account on the platform and provide all requested personal information and proof of identity.

3. Go to the "Buy" screen.

4. Choose BTC as the cryptocurrency you want to purchase.

5. Select your payment currency, in this case INR, and specify the amount you want to spend in Nu.500.

6. Choose your payment method, such as credit card payment or bank transfer. 7. Enter your payment information, such as your account number if you're sending a bank transfer or your card number and CVV if you're paying by credit card.

8. Review all the details of your transaction, including the fees that will apply and the amount of BTC you are purchasing.

9. Once the transaction is processed, the BTC will be deposited into your exchange wallet. However, please note that some brokers will automatically send your purchased BTC to the external wallet address you specify.

Different types of cryptocurrency exchanges

The term "exchange" can refer to many cryptocurrency brokers, trading platforms, and other services. Different types of exchanges are often aimed more at beginners or experienced users.

• Cryptocurrency broker (beginner friendly). Buy directly from cryptocurrency sellers for quick and easy purchases. Many beginners use a broker for their first purchase. The broker will facilitate the immediate purchase of the digital asset of your choice and will not offer spot trading.
• Cryptocurrency trading platform (suitable for beginners/intermediate users). Buy and sell cryptocurrencies on the open market for a low charge, a large range of cryptocurrencies, and optional features such as margin trading. Many exchanges now offer brokerage services to make them more beginner-friendly.
• Cryptocurrency derivatives platform (suitable for advanced users). These trading platforms do not directly sell cryptocurrencies. Instead, they allow certain users to trade crypto derivatives in regions where this limited feature is available. They are aimed at advanced traders who want a fast, high leverage, highly liquid platform with a full range of features.

Peter is a dedicated writer with a strong passion for finance and emerging technologies. He brings extensive research and deep insights into cryptocurrency markets, aiming to make complex concepts accessible to readers.