Best Crypto Exchange in India

Binance is one of the best crypto exchanges worldwide. With its region-specific Binance India platform, it also ranks as one of the best crypto exchanges in India. This is a given, though, due to its high trading volume and all of the features it offers.

Now, let’s talk about regulations. Is Binance India compliant with those? The short answer is yes, it is. Binance India follows all necessary AML regulations, including having a strict KYC process for verifying its users. This means that traders not only have to prove their identity, but their place of residence as well.

Another point that should be addressed is INR support. Fortunately, Binance India allows traders to buy crypto using INR through P2P trading (with 0% fees) or through third-party payment gateways, such as WazirX. Though, do note that there is no way to purchase crypto with INR using a debit / credit card, unless you do it through P2P trading.

However, you cannot deposit or withdraw INR into (or out of) your Binance account, as there are no trading pairs with this fiat currency.

What about features available for Indian Binance users? Luckily, it offers all of the features that are accessible to traders globally. And, let me tell you, there’s a lot of those! Apart from the fact that Binance India allows users to participate in spot trading with over 350 cryptocurrencies, they can also participate in margin, derivatives, and OTC Block trading, as well as swap farming.

In addition to that, there are many other features offered, including trading bots, the Binance Earn program, the NFT market, crypto loans, and so on, and so forth. So, basically, anything you might need for your trading journey, you will find on Binance India.

Lastly, talking about trading fees, they differ based on the trading method in question. However, they never go higher than 0.1%, which is a pretty competitive price compared to industry standards. Now, spot and futures trading fees are based on a tiered maker-taker model. The tier is determined by your 30-day trading volume and your BNB balance.

Besides, if you cover your trading fees using BNB, you’ll get 25% off spot trading fees and 10% off USD-M futures trading fees.

Overall, Binance surely is one of the best crypto exchanges in India due to its feature-packed platform, competitive fees, and the possibility of purchasing crypto using fiat with 0% fees.

If you’re a member of the crypto community (or trying to become one), you must have heard about Kraken. After all, it is one of the most popular exchanges in the world, especially for beginners. Though, it is also one of the best crypto exchanges in India.

While it is not regulated by FIU, Kraken still complies with all regulations related to Anti-Money Laundering (AML). This, of course, includes strict KYC procedures that require users to prove their identity and place of residence.

Now, speaking of INR, Kraken does have a disadvantage in this aspect, as it does not allow purchasing crypto using INR. However, you can purchase crypto with USD using your Visa / Mastercard or Google / Apple Pay. The minimum purchase you can make is $10, while the maximum is $5,000 per 7 days.

In terms of features, Indian users can access both the basic version of Kraken and the Pro version. The features included in these versions are spot, margin, futures, and OTC trading, as well as the Instant Buy feature, staking possibilities, and the NFT marketplace.

It is worth noting that Kraken is a great platform for beginners as it is very intuitive and not packed with millions of features (which could become a drawback for experienced traders looking for more advanced features, of course).

The fees associated with using Kraken's Instant Buy feature to purchase cryptocurrencies vary depending on the asset in question, how much you buy, and the payment method you use. For instance, a 3.75% + 25c surcharge is added to the main price when using credit / debit cards and Apple / Google Pay.

Spot trading fees, on the other hand, are based on the maker-taker model and vary depending on your monthly trading volume. Taker fees range from 0.26% to 0.1%, while maker fees range from 0.16% to 0%. As for margin trading, the base charge is 0.02% in addition to the rollover fee paid every four hours (0.02% as well).

All in all, even though it doesn’t support INR, Kraken can still be considered as one of the best crypto exchanges in India, especially for beginners.

KuCoin dubs itself as the “The People’s Exchange,” and, in fact, it is accessible in many countries around the world, including India. Since it is one of the leading exchanges in the world, it no doubt is also one of the best crypto exchanges in India. Besides, it puts a strong emphasis on establishing local communities, which you can see on the KuCoin India Twitter account.

Now, speaking of regulations, since KuCoin is a global exchange (not India-based), it is not overseen by any regulatory bodies in the country. Regardless, it still complies with the necessary AML regulations and keeps its users and their funds safe. Besides, it requires traders to go through a strict KYC process, which is an integral part of avoiding money laundering and other illicit activities.

As for INR support, Indian traders can purchase crypto using the fiat currency through the “Fast Trade” feature. However, they can only do it through third-party payment channels like Banxa or BTC Direct, which can get pretty expensive considering the fees they charge. Besides that, you can also purchase crypto using INR through the P2P trading feature. Though you can only buy USDT, BTC, ETH, KCS, and USDC.

Talking about KuCoin’s features, Indian traders can participate in spot, margin, and derivatives trading, as well as access various earning programs, a learning hub, trading bots, API services, and so much more. Besides, it offers over 700 crypto assets, which is a lot! So, basically, KuCoin provides users with almost anything they might need, making it one of the top crypto exchanges in India.

Now, in terms of fees, KuCoin uses a tiered maker-taker pricing structure for spot and futures trading. Your tier can change depending on your 30-day spot / futures trading volume or KCS (KuCoin native token) holdings.

Spot trading fees for makers range from 0.1% to -0.005% (yes, you get a rebate from the exchange), while for takers, they go from 0.1% to 0.025%. In terms of trading futures, maker fees go from 0.02% to -0.015%, while taker fees go from 0.06% to 0.03%. Additionally, note that you can receive a 20% discount if you cover your spot trading fees using KSC tokens.

So, as you can see, with the variety of features and competitive fees, KuCoin surely deserves a spot on this “best crypto exchanges in India” list.

Bybit is one of the biggest Singapore-based derivatives exchanges, which is accessible in many countries across the globe, including India. Based on many user reviews, it could definitely be said that Bybit is worth being on this "best crypto exchange in India" list.

In terms of regulations, Bybit is considered to be in the grey area when it comes to that (in many countries, not only India). What I mean by that is that it is not registered with India’s FIU (or most other regulatory bodies worldwide). However, it does comply with AML regulations and puts a lot of effort into securing the platform from involvement in any illegal acts.

For one, it requires its users to pass a strict KYC process. Besides that, it employs multi-factor authentication methods and keeps its client funds in a multi-sig cold storage. Speaking of cold storage, if you want to keep your funds extremely safe, make sure to get a hardware wallet. Ledger Nano X and Trezor Model T are some of the best ones in the industry.

Getting back to Bybit, talking about INR support, the exchange allows users to purchase crypto using INR through P2P trading, bank transfers, or UPI. However, you cannot deposit or withdraw INR into (or from) your Bybit account, and there are no trading pairs with this asset.

Now, in terms of features offered by Bybit for its Indian users, it does not restrict any of those. In other words, every feature that is available globally is also available for Indian users.

Of course, the major feature Bybit is known for is derivatives trading with up to 100x leverage. However, it also offers spot and margin trading, as well as copy trading, trading bots, loans, earning programs, a crypto debit card, and even a launchpad.

It's also noteworthy that Bybit values its community highly and frequently organizes exclusive events. For instance, the exchange launched an event in May 2023 that was open only to traders from Bangladesh, Pakistan, and India. The event gave them the chance to win some eye-catching prizes while trading.

The last thing left to discuss is trading fees. Both spot and derivatives trading on Bybit are charged using a tier-based maker-taker fee structure. Your asset balance, BIT holdings, monthly trade volume, and average net borrowing each month determine your tier. Fees range from 0.1% to 0.005% for spot trading and from 0.06% to 0% for futures trading.

Overall, Bybit is definitely one of the top crypto exchanges in India, especially when it comes to derivatives trading.

Huobi Global is yet another leading cryptocurrency exchange that is praised by traders all over the world. Indian traders are among those, of course, which is why Huobi can be considered as one of the best crypto exchanges in India.

Now, while Huobi is not registered with FIU, as it is a global exchange, it still complies with all necessary requirements regarding AML. So, obviously, it requires its users to pass the KYC process, and it constantly monitors the platform for any illicit activity.

What about INR support? Well, it’s intact! You can purchase crypto with INR using your credit / debit card, third-party payment gateways, or through P2P trading. Of course, do note that fees for each method differ.

Talking about Huobi’s features, the platform provides its Indian traders with the same features it provides traders from other countries. This includes spot, margin, and derivatives trading, as well as acces to various earning programs and other features, like trading bots. Besides, to make the Indian Huobi community more engaged, it sometimes creates exclusive trading contests.

What Huobi itself tends to highlight is that it has one of the lowest trading fees in India. It has a basic trading fee of 0.099%, a native token reduction fee of 0.07%, and an asset balance holding fee of 0.055%. However, do note that you have to pass the Indian KYC verification process to access these India-exclusive trading fees.

So, overall, you can clearly see that Huobi definitely deserves to be titled as one of the best crypto exchanges in India, especially for traders looking for the lowest fees on the market.

Now, an exchange that can be found on many “best crypto exchange in India” lists is CoinDCX. This is not surprising, as it is an India-based exchange, and one of the largest ones in the country, for that matter.

In terms of compliance with regulations, in March 2023, right around the time new crypto regulations in India took place, CoinDCX registered with the Financial Intelligence Unit (FIU) in order to comply with all necessary AML regulations.

Speaking of INR, CoinDCX supports both buying and selling crypto using INR, as well as depositing / withdrawing INR into / from your CoinDCX account. You can do that using UPI, IMPS, bank transfers, and so on. Besides, the minimal amount when purchasing crypto using INR is ₹10.

What about the features offered by the exchange? For one, it provides users with spot, margin, and futures trading. Apart from that, it also offers various earning possibilities and a learning platform. As for the supported cryptocurrencies, you can trade over 100 different assets.

Lastly, talking about CoinDCX fees, spot and margin trading imposes a tiered maker-taker fee structure based on trading volume. Both maker and taker fees go from 0.5% to 0.15%. As for withdrawal fees, crypto withdrawal costs differ based on the cryptocurrency in question, while there are no INR withdrawal or deposit fees.

That’s pretty much it. As you can see, CoinDCX is a pretty great crypto trading India option.

WazirX claims to be “India’s most trusted” cryptocurrency exchange. As a matter of fact, it is present on many "best crypto exchanges in India" lists, which means that traders do enjoy using this platform. Besides, do note that Binance has partnered with WazirX to allow its users to purchase crypto with INR.

Since WazirX is an India-based exchange, in March 2023, it registered under the Virtual Assets Service Provider (VASP) category with the FIU. Thus, you can be sure that the exchange is compliant with all necessary regulations.

In terms of INR support, WazirX features a huge variety of trading pairs with INR that allow users to buy or sell such crypto assets as USDT, BTC, TRX, SHIB, ETH, and many more. Besides that, you can both deposit and withdraw INR from (and into) your WazirX account.

You can withdraw INR to any bank account that is registered in the same name as the one you provided through KYC. Do note, though, that the bank account must support IMPS and NEFT modes.

As for the features offered by the exchange, it provides traders with spot and P2P trading. Speaking of crypto assets offered, it allows users to trade over 200 top cryptocurrencies. Overall, the WazirX exchange is very simple to use, so it’s great for beginners. Of course, this means that it might lack some features for more experienced traders.

Lastly, considering fees, there is a maker-taker fee structure in place when it comes to trading. However, both makers and takers have the same fee, 0.2%. As for P2P trading, there are no fees for buying and selling crypto. Deposit and withdrawal fees, on the other hand, differ based on the asset in question.

Overall, WazirX deserves a spot on this "best crypto exchange in India" list as one of the best choices for beginners.