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In the past few years, Cryptos have become insanely popular in India. As the Crypto space continues to flourish, the need for trustworthy and genuine Crypto exchange has become more crucial than ever. With so many Crypto firms launching every now and then, it can be difficult to choose the best Crypto exchange in India that’s perfect for you. So, to make things simple for you, we have curated a list of top Crypto exchanges in 2023 for you. Do check them out!
But, before we see the list of Cryptocurrency exchanges in India, you should check the following section to help you choose the best cryptocurrency exchange.
4 Factors to help you choose the Best Crypto Exchange
- The range of trading pairs each exchange provides: You can diversify your portfolios and take benefit of more trading opportunities by using the wide range of trading pairs.
- Fees taken by each exchange: Service costs and transaction fees are included in the fees that each exchange levies. Low fees can eventually save traders a lot of money.
- Security measures: This factor comprises multi-factor authentication, cold storage of cash, and encryption methods used by the Crypto exchange.
- User interface and user experience: A user-friendly interface can make using the platform and placing trades quick, effective, and easy.
Now, let’s check the top Crypto exchanges in India in 2023.
5 Best Crypto Exchanges in India
WazirX
WazirX is a popular Crypto exchange platform in India launched in 2017. The exchange allows users to buy, sell and trade various digital assets, including Bitcoin, Ethereum, Litecoin, Ripple, etc. One of the outstanding features of WazirX is its ability to facilitate Peer-to-Peer (P2P) transactions, enabling users to buy and sell cryptocurrencies directly with each other. WazirX has also developed its 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.
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 features like trading API, an easy-to-navigate mobile app, and a staking program. The exchange is known for its advanced trading tools and charts, making it a popular choice for experienced cryptocurrency traders in India.
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.
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.
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.
Final thoughts
Without a doubt, WazirX is India’s best Crypto exchange, with the largest user base and the highest trading volume. Don’t wait any further; start your Crypto journey with WazirX for a smooth Crypto trading experience.
Frequently Asked Questions
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.
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.
How To Invest In Cryptocurrency In India?
There are two ways of investing in cryptocurrency, mining and via exchanges. Cryptocurrency mining is the process of verifying and adding transactions between users to the blockchain public ledger. Purchasing cryptocurrency in India is a straightforward procedure where investors simply participate by registering with a crypto exchange such as WazirX. After registering for an account, citizens can trade multiple cryptocurrencies, store cryptocurrency in wallets, and more.
Is Bitcoin A Good Investment For The Future?
Some investors are afraid of the risks or devastation, but others are very eager to pursue the possibility of profit from a Bitcoin investment. A Bitcoin investment is similar to stock investing, except it can be more volatile.
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.
Is Cryptocurrency Banned In India?
No, cryptocurrency is not banned in India. India has seen its ups and downs in the crypto sector concerning its legal status. The Reserve Bank of India (RBI) issued a circular in April 2018 advising all organizations under its jurisdiction not to trade in virtual currencies or provide services to assist anyone in dealing with or settling them. A government committee proposed outlawing all private cryptocurrencies in mid-2019, with up to ten years in prison and severe penalties for anyone dealing in digital currency. The Supreme Court overruled the RBI's circular in March 2020, allowing banks to undertake cryptocurrency transactions from dealers and exchanges.
What Are The Best Cryptocurrencies To Invest In?
The best cryptocurrencies to invest in would be the ones you study and analyze in detail. Some of the most popular cryptocurrencies include Bitcoin, Ethereum, and many altcoins such as Tron, Ripple, Litecoin, etc.
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.
Is crypto legal?
Crypto is legal in most countries, including India. While nations like the U.S. and many in Europe have regulatory frameworks, others like China have strict bans.
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.
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.
