There are several crypto exchanges in India even though the authorities in the country. These are not particularly in favor of the crypto industry. However, since the crypto industry has made quite the mark globally it has attracted a large audience in India. The value and significance of the cryptocurrencies is also undeniable. Which is why this asset class cannot be completely banned in the country.
However, if you reside in India then you need to take a look at the exchanges. That are available to use within the country. Looking for crypto exchanges within your country or region is the first step you should take as a beginner.
This is because some crypto exchanges do not offer their services to every part of the globe due to regulatory strictness and other laws. Therefore, before you choose any exchange for buying, selling or trading crypto make sure you check its availability in your country and region.
This is why it is important to know about some of the best crypto exchanges in India. So you know about your top options and choose the one that suits your needs the most. Here are some details about some of the popular crypto exchanges in the country.
Crypto Exchanges in India – WazirX
This is one of the most popular crypto exchanges in India. Which has not only attracted a wide customer-base but also has quite the impression on social media. This exchange stands out among the rest due to several reasons one of which is that it is the Indian subsidiary of the world’s largest crypto exchange, Binance.
It also supports peer-to-peer transactions, which is what many crypto investors look for. As a user of the crypto exchange you can also invest in the following assets:
- US Dollar (USD)
- Bitcoin (BTC)
- Indian Rupee (INR)
Another reason why it is one of the best crypto exchanges in India is that it has its native token. Which is called WRX. The users of the exchange can purchase the native token WRX by using INR. And can then exchange it for other crypto assets.
The WazirX exchange is one of the most outstanding exchanges. Because it caters the needs of the users and offers opportunities to them. Such as earning tokens by participating in various contests that are featured on its popular application.
CoinDCX Exchange
One of the most popular crypto exchanges in India is the CoinDCX exchange. It was established in 2018 and is based in Mumbai. This exchange now offers its services to over 3.5 million investors. And makes it one of the most well-known platforms in the country.
This exchange could possibly be the best crypto exchange in India based on several highlighting factors that are mentioned here.
One of its prominent features is its trading fee, which is low and transparent. Choosing an exchange with a good fee structure is important as there are several exchanges that include hidden or additional charges that are not disclosed before. As a user of the exchange, you will not be required to pay any fee for withdrawals or deposits.
The CoinDCX exchange also offers users the access to more than 200 digital assets and an impressive feature that enables the users to trade directly between the INR and a specific crypto asset that they choose.
Unocoin Exchange
The Unocoin exchange is also one of the popular crypto exchanges in India. However, it is also known to be one of the oldest exchanges in the country and was established in 2013. This platform existed way before digital assets were a huge deal.
At the moment, the Unocoin exchange has more than 1.5 million registered investors. The customer-base of the exchange has expanded due to the impressive features it offers to its users.
One of the most distinctive features of the Unocoin exchange is that it enables the users to schedule sales. As a user of the exchange, you can schedule a sale and automatically sell a certain amount of crypto asset that you own at a time and date that you decide.
This is also one of the best crypto exchanges in India as it allows the users to buy or sell digital assets with INR. You can also recharge your mobile phones or pay your DTH bills through the platform by using Bitcoin.
Final Takeaways!
Finding a suitable platform from several available crypto exchanges in India is important for several reasons. Even though there are several platforms available for the Indian residents they do vary in terms of the features and services that they offer. Therefore, if you are looking to buy or sell a digital asset for the first time then you need to choose an exchange that ticks all the right boxes for you. This is why it is important that you have the details mentioned above.