Table of Contents
Choosing a Crypto exchange is often the initial step for investors that they take for exploring the world of Cryptos. While there are numerous methods to trade Cryptos, centralized exchanges offer a comparatively simple method of converting money into coins and tokens.
There are various exchanges to pick from, some with a more established history than others. Investors should consider trading fees, Crypto variety, advanced trading options, and customer support offerings when comparing exchanges. We have made a list of the top Crypto exchanges in India to assist you in making the right choice.
Let’s check them out!
#1 WazirX
WazirX is a popular cryptocurrency exchange platform in India that was founded in 2017. The platform allows users to buy, sell and trade various digital assets, including Bitcoin, Ethereum, Litecoin, Ripple, and many others. One of the unique features of WazirX is its ability to facilitate peer-to-peer transactions, enabling users to buy and sell cryptocurrencies directly with each other. WazirX has also developed its own token, WRX, which can be used to pay for trading fees on the platform, and also provides discounts to users who hold the token. WazirX is known for its user-friendly interface and high-speed transaction processing, making it a popular choice for cryptocurrency traders in India.
In addition to its core trading platform, WazirX also offers a number of additional features, including a mobile app, staking, and decentralized exchange (DEX) that allows users to trade directly on the blockchain. The platform also offers a number of security features to protect user funds, including two-factor authentication and cold storage of funds. WazirX has quickly become one of India’s most popular cryptocurrency exchanges and has attracted a large user base due to its ease of use and wide range of features.
#2 CoinDCX
Launched in 2018, CoinDCX is another popular Crypto exchange where users can trade over a hundred cryptocurrencies on the platform. The organization is also India’s first Crypto unicorn. The platform offers spot and margin trading and multiple features like trading API, an easy-to-navigate mobile app, and a staking program. The platform is known for its advanced trading tools and charts, making it a popular choice for experienced cryptocurrency traders in India.
#3 BitBns
Launched in 2017, BitBns is one of the popular Crypto exchanges in India. Having almost 400 Cryptos listed on the platform, users can trade a wide range of Cryptos, including Bitcoin, Ethereum, Litecoin, and many more. The platform has more than 40 lacs registered users. It also offers extensive educational content about the Crypto space via multiple research reports and BitBns Academy. Along with providing a seamless user interface and good customer support, BitBns stands third on the list of best Crypto exchanges in 2023.
#4 Zebpay
Launched in 2014, Zebpay is a well-known Crypto exchange in India with almost 50 lacs registered users and supports more than 100 coins. Zebpay is popular among Crypto investors for earning good interest on their idle Crypto holdings. It also provides a set return of 4% for lending Crypto.
With a vibrant leadership team, no-fee trading on selected pairs, an improved focus on security and innovation, and a passive income and borrowing program, Zebpay envisions itself as the world’s most revolutionary blockchain service firm.
#5 Unocoin
Launched in 2013, Unocoin is one of the oldest Crypto exchanges in India for buying, selling, and trading 80+ Cryptos. The exchange is also known for being India’s largest BTC-INR trading platform. On signing up on the platform, users get free Bitcoins and are eligible to get 15% back in trading commissions when they sign up. They also strongly focus on providing innovative and revolutionary products around the Bitcoin ecosystem. For example, they have developed the world’s simplest Bitcoin POS for offline merchants and have launched Systematic Investment Planning (SIP) for Bitcoin.
Bottom line
Undoubtedly, WazirX is India’s top Crypto exchange with the highest trading volume and the largest user base. What are you waiting for? Get started on your crypto journey with WazirX for the ultimate crypto trading experience.
Frequently Asked Questions
How Safe Are Cryptocurrencies?
Cryptocurrencies can be safe, but your crypto wallets can be hacked if proper security steps are not performed. There are also dangers and uncertainties associated with investments, and we cannot declare any virtual currency investment risk-free. Buying and selling cryptocurrencies does not have to be dangerous if the trader is well-versed in the market and treats his coins with care.
Is Cryptocurrency Safe To Invest In?
Cryptocurrency investments are subject to market risks, but if sufficient security measures are not taken, trading accounts can be maliciously accessed. Investments come with risks and uncertainties, and we cannot claim that any digital currency investment is risk-free. Buying and selling cryptocurrencies can be risky even if the trader is knowledgeable about the market and treats their coins carefully.
Who Invented Cryptocurrency?
Satoshi Nakamoto invented cryptocurrencies and the technology that makes them function in 2009. The presumed pseudonymous individual or persons who invented Bitcoin used this identity. In addition, Nakamoto created the first blockchain database. Even though many people have claimed to be Satoshi Nakamoto, the person's identity remains unknown.
How To Invest In Cryptocurrency Stocks?
Cryptocurrency can be purchased in two ways: through mining or exchanges. The process of confirming and adding transactions to the blockchain public ledger is known as cryptocurrency mining. Cryptocurrency exchanges are another option. Exchanges make money by charging transaction fees, but there are alternative platforms where you may communicate directly with other cryptocurrency traders.
What Is Crypto?
Crypto or a cryptocurrency is a digital currency protected by cryptography, making counterfeiting and double-spending nearly impossible. Blockchain technology is used to produce cryptocurrencies (a distributed ledger enforced by a distributed network of computers). Cryptocurrencies are distinct in that a government does not issue them. The word "cryptocurrency" refers to the encryption methods employed to keep digital currencies and the network secure.
Is Pi Cryptocurrency Safe?
Pi Network captured the crypto community’s interest even before it officially debuted. Its innovative mobile mining approach and user-friendly design simplify crypto adoption for a broader audience. Some users see this as a chance to get engaged in the crypto from the beginning and profit in the future, similar to how early Bitcoin adopters made huge profits by mining and keeping the coin. Other users have compared Pi to a worthless multi-level marketing (MLM) scheme.
Are Cryptocurrencies A Good Investment?
Cryptocurrency has the potential to make you extremely wealthy, and the potential to cause you to lose your money. Crypto assets, like any other investment, come with many risks and potential rewards. Fundamentally, cryptocurrency is an excellent investment, particularly if you want to gain direct exposure to the demand for digital currency.
Is Cryptocurrency Legal In India?
In India, cryptocurrencies are legal; anyone can purchase, sell, and trade cryptocurrencies. They are currently unregulated; India does not have a regulatory framework in place to regulate its functioning. According to the Ministry of Corporate Affairs (MCA), companies must now declare their crypto trading/investments during the financial year, according to the Ministry of Corporate Affairs (MCA). Cryptocurrency transactions have been taxable in India when people receiving such gains are Indian tax residents or where the crypto is considered to be domiciled in India
What Is The Safest Cryptocurrency To Invest In?
Bitcoin has had the highest market capitalization, has been around the longest, has the most experienced development team, and has enormous network impact and brand recognition. As a result, while trading cryptocurrencies, the rate of return on Bitcoin is commonly used as a benchmark. However, the risks associated with cryptocurrencies remain, and the safest cryptocurrency for you depends on your analysis.
Can I Invest In Cryptocurrency?
Yes, with exchanges like WazirX, you may invest in cryptocurrency in India. To begin, go to the WazirX website and register. After that, you will receive a verification email. The link received by verification mail will only be available for a few seconds, so make sure you click it as quickly as possible. This will successfully verify your email address. The following step is to set up security, so choose the best solution for you. After you've set up the security, you'll be given the option of continuing with or without completing the KYC process.
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.
