In our guide to the best crypto apps in India, we’ve selected the top choices to simplify your cryptocurrency experience.
Even though in 2024, nine cryptocurrency exchanges such as Binance, Kucoin, and Kraken have been banned in India, it’s still very easy to buy crypto.
Our expert crypto traders with over a decade of experience have handpicked these exchanges to ensure they’re solid picks for all levels of Indian investors.
- WazirX – Best for peer-to-peer crypto trading.
- Bybit – Best for automated trading.
- Crypto.com – Best for rewards.
- BitBNS – Best overall crypto exchange.
- CoinSwitch – Best for beginner crypto trading.
- CoinDCX – Best for security features.
- Mudrex – Best for crypto investments.
- ZebPay – Best for crypto lending.
Quick Look: Choosing the Best Crypto App in India
- WazirX – Best for peer-to-peer crypto trading.
- Bybit – Best for automated trading.
- Crypto.com – Best for rewards.
- BitBNS – Best overall crypto exchange.
- CoinSwitch – Best for beginner crypto trading.
- CoinDCX – Best for security features.
- Mudrex – Best for crypto investments.
- ZebPay – Best for crypto lending.
- Unocoin – Best for professional traders.
1. WazirX
Best for peer-to-peer (P2P) crypto trading
WazirX is India’s most popular crypto exchange, releasing the first solution for automated peer-to-peer (P2P) transactions. The exchange platform is user-friendly for beginners and has introduced smart token funds (STF), providing access to expert trading strategies in exchange for a 25% commission on profits.
WazirX has its own proprietary terminal and token, WRX, which can be traded without commissions. It’s more simplistic in functionality geared towards fast processing for core trading features versus speculative trades and long-term investing.
It’s registered with the FIU and has an AML policy with strong security measures. There’s also a lucrative referral program to take advantage of, offering 50% commissions on trades.
Supported Cryptocurrencies
There are over 200 coins available, including Bitcoin, Ethereum, and its native token, WRX.
Minimum Investment & Payment Options
The minimum investment required is ₹100, but deposits are only available through bank transfer.
ID Requirements
When signing up in India, uploading an original photo of your PAN card is required, as well as either your Aadhaar card or alternative ID like a passport.
Trading Fees
Fees are 0.1%-0.2% on trades depending on the volume of WRX in your account – larger holdings get you the lower end of the fees.
More details
WazirX is a safe and transparent Indian crypto exchange with over 300 cryptocurrencies. They set themselves apart by publishing a yearly transparency report and are one of the few Indian exchanges that maintain a Proof of Funds report. We recommend this exchange for all beginner and advanced crypto investors in India.
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Offers 300+ crypto such as BTC, LTC, and ETH.
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User-friendly interface.
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P2P transactions and advanced trading tools.
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Offers quick funds replenishment and withdrawals.
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Excellent multilingual support.
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No withdrawals without KYC.
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No crypto lending is available.
2. Bybit
Best for automated trading
Bybit is a UAE-based exchange with an impressive set of advanced trading tools for automating trades. Multiple automated trading bot solutions enable users to build a custom bot or one based on AI algorithms.
They recently launched TradeGPT, an AI assistant knowledgeable about the crypto space through a user-friendly interface. The bot can provide updates about the crypto market and provide tips for using the ByBit trading platform.
Bybit offers portfolios managed by experienced crypto buyers and lending and loan options to earn interest. Derivatives, margin trading, and futures trading are available, too, making this one of the most feature-rich crypto exchanges.
Supported Cryptocurrencies
Bitcoin, Ethereum, and over 380 crypto tokens are available to trade.
ID Requirements
You must upload a government photo ID and proof of address document to open an account.
Minimum Investment & Payment Options
The minimum investment required to open an account is $100 USD, a larger barrier to entry than the other exchanges on the list.
You can deposit through credit or debit cards, automated payment gateways, and bank transfers.
Trading Fees
Fees are lower than most Indian-based exchanges, maxing out at 0.1% and down to 0.02%, depending on your trading volume.
More details
Bybit is a leading futures trading platform globally, offering up to 100x leverage and attracting users who prefer to remain anonymous. With a presence in 180+ countries, it is renowned for its efficiency and unique features in cryptocurrency derivatives trading.
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The platform offers up to 100x leverage trading.
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Strong educational resources.
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Diverse markets for traders, spot, perp, and futures.
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Risk-free demo accounts to explore all key features.
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TradingView integration.
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The platform is difficult for beginners to navigate.
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It does not offer a quality spot trading feature.
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The NFT marketplace is limited in terms of options.
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Security is of the gold industry standard.
3. Crypto.com
Best for rewards
Crypto.com, as an exchange and NFT marketplace, has made a huge splash with its physical VISA cards, bringing cryptocurrency into everyday spending.
They partner with the UFC, Snoop Dogg, Formula 1, and other major brands. While India isn’t one of the official markets for Crypto.com, residents can still use the app.
They need to be FIU compliant in the future, but their attractive fees and rewards programs make it worth checking out. You can use Crypto.com at over 300,000 retailers, earning “cash” back up to 10%, making it the best crypto app for rewards.
Supported Cryptocurrencies
Buy crypto, including Bitcoin, Ethereum, and 250+ currencies on Crypto.com. There’s also an NFT marketplace for purchasing and storing digital collectibles.
Minimum Investment & Payment Options
Crypto.com deposits start at ₹100 and are done via bank transfer. Several fiat currencies are accepted, but most transactions are done in USD.
ID Requirements
Users can create an account with their banking information and a valid government ID.
Trading Fees
Fees are slightly lower than most crypto exchanges, starting at 0.075% for low-volume trading and going as low as zero for very high monthly trade volumes ($10M USD+).
More details
Crypto.com offers a straightforward approach to cryptocurrency trading. Opening an account with crypto.com is quick and easy. It includes state-of-the-art safety measures that make it safe for users to buy and sell crypto quickly. This crypto exchange is highly recommended for anyone looking to securely trade large amounts of cryptocurrency!
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250+ cryptocurrencies to choose from.
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Firm and unparalleled security to users.
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Earn interest in crypto.
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Top-rated mobile app.
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Low fees on trading and trading fee discounts.
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Slow identity verification.
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Customer service could respond faster.
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Lack of educational resources for new users.
4. BitBNS
Best overall crypto exchange
BitBNS is India’s second most popular crypto exchange, at one point dethroning WazirX, with many currencies, high trading volumes, and no historical hacks. This cryptocurrency exchange is solid for both traders and investors, with well-reviewed features available for both styles of crypto buying. The fees are lower than average, which is always welcome.
The referral program differs from others as it also offers payouts for the invited user. BitBNS also has a full-blown training platform.
This is our choice for the best crypto app in India overall, given the range of reliable features.
Supported Cryptocurrencies
500+ currencies are available through BitBNS, including Bitcoin, Ethereum, XRP Ripple, and their native coin, BNS.
Minimum Investment & Payment Options
Similar to other cryptocurrency exchanges, you can start with ₹100. Deposits are available through bank transfer and UTP.
ID Requirements
The know-your-customer data required for BitBNS is a PAN card, Aadhaar card, or other government ID, and bank details.
Trading Fees
Fees start at 0.25%, down to 0.03% for the highest volume traders.
5. CoinSwitch
Best for beginner crypto traders
CoinSwitch aggregates multiple exchanges and has a simplistic setup process that is perfect for new crypto buyers. There is a paid Pro plan for more experienced people, but the free exchange platform is a trusted place for beginners to start. There are no fees on deposits and withdrawals, which is a bonus, though withdrawal times can be up to 2 days.
Like the other crypto exchanges on this list, CoinSwitch is FIU-registered and follows all the necessary regulations.
It’s a good place to get your feet wet with crypto, and they offer a Systematic Investment Plan for building wealth.
Supported Cryptocurrencies
Bitcoin, Ethereum, XRP Ripple, and 100+ other coins are available.
ID Requirements
Indian residents must upload a government-issued ID and proof of address at a minimum.
Minimum Investment & Payment Options
₹100 is the minimum deposit amount, and bank transfers are the only payment option now.
Trading Fees
Fees start at 0% and go up to 0.49%, depending on the exchange you purchase via CoinSwitch. Exact fees for transactions need to be viewed in the app directly.
6. CoinDCX
Best for security features
CoinDCX is a well-known crypto exchange in India, offering multiple types of investments, including spot trades, futures, and margin trading. They’re FIU-registered and compliant with government requirements. Their robust security measures are best-in-class, so you can feel confident housing your funds on CoinDCX, which you can deposit using credit, debit, UTP, or bank transfer.
If you decide to use CoinDCX, be aware of recent scams sending users fake requests for additional fees from similar URLs. They also have a free educational platform, DCXLearn, for learning the fundamentals of blockchain and cryptocurrency.
Supported Cryptocurrencies
130+ coins are available in total, including Bitcoin, Ethereum, and XRP Ripple.
ID Requirements
When creating an account, Indian residents must verify their tax ID and passport and then take a live selfie.
Minimum Investment & Payment Options
You can fund an account with as little as ₹100 using credit or debit cards, UTP, or bank transfers.
Trading Fees
Fees at CoinDCX start at 0.5% and decrease with higher trade volumes, making it relatively more expensive for beginners.
7. Mudrex
Best for long-term investors.
Mudrex is the go-to cryptocurrency exchange for those less focused on trading and more focused on long-term crypto investing. They put compliance and security at the forefront, registering with the FIU and using advanced security features like biometric verification.
Mudrex is one of the newer crypto exchanges with a smaller user base, but it is rapidly growing thanks to transfers of holdings from Binance in light of the recent ban in India.
Moreover, exciting offerings for crypto investors include coin sets, themed baskets of currencies rebalanced monthly, and Vault, which is similar to a crypto savings account that earns interest.
For crypto enthusiasts, Mudrex can create your own automated trading bot with no coding required and preset algorithms available.
Supported Cryptocurrencies
Mudrex has one of the largest offerings of coins, with 350+ available, including Bitcoin, Ethereum, and XRP Ripple.
Minimum Investment & Payment Options
Accounts can be opened with ₹100, but investments require a minimum of ₹500. Deposits can be made by bank transfer, UPI, or by transferring from other exchanges.
Multiple fiat currencies are supported for bank account transfers.
ID Requirements
Mudrex requires standard KYC verification, including address information and a valid government ID for Indian account holders.
Trading Fees
There is a flat 0.25% fee on all trades, which is comparable to other cryptocurrency exchanges in India.
8. ZebPay
Best for crypto lending
ZebPay is an Indian-based exchange platform with operations in Australia and Singapore, becoming one of the big players in the market thanks to its passive income opportunities. The platform is largely known for its lending, allowing users to earn up to 8.5% returns on holdings.
There are no deposit fees and investment options like CryptoPacks (sets of curated coins). The exchange is registered with the FIU and prioritizes strong security, with 98% of assets held in secure cold wallets.
Setting up an account with a zero-doc validation process is easy. ZebPay has recently partnered with TaxNodes to help its users simplify filing their crypto taxes.
Supported Cryptocurrencies
Bitcoin, Ethereum, and 150+ coins are available to trade on ZebPay.
Minimum Investment & Payment Options
The minimum deposit to open an account is ₹100; the only accepted method is bank transfer.
ID Requirements
Zero-doc verification can be completed for Indian residents by providing their PAN and Aadhaar card through DigiLocker, followed by a live selfie.
Trading Fees
Fees are on the lower end, starting at 0.25% and going down to 0.15% based on recent trading activity.
9. Unocoin
Best for professional traders
Unocoin gives users free Bitcoin on sign-up and through daily “Shake & Earn” rewards.
Despite being an earlier player, this platform has continued to evolve with a first-of-its-kind Strategic Buying Plan (SBP) for Bitcoin and Ethereum. This allows you to buy a set amount of crypto over time.
Unocoin is advantageous for users trading 100+ BTC per month as this comes with zero fees. Staking on this platform is also lucrative, with interest up to 7%.
There are investment options like their Crypto Wealth Club – a fully managed portfolio and different Crypto Baskets of various risk tolerance levels.
Supported Cryptocurrencies
UnoCoin started as a predominantly Bitcoin exchange but has Ethereum available and 100+ coins.
Minimum Investment & Payment Options
You can start a UnoCoin account with ₹100 and deposit funds through bank transfer.
ID Requirements
Identity verification is similar to other exchanges, requiring a PAN, Aadhaar card, live selfie, and banking information.
Trading Fees
Fees are a flat 0.5% on crypto trades, but there are no fees if you do very high volume trading, 100 BTC per month or more.
Why are some cryptocurrency exchanges not available in India?
Crypto has been steadily increasing in popularity nationwide, with India being ranked first out of over 150 countries for grassroots crypto adoption in the Global Crypto Adoption Index 2023.
While this booming growth in Indians’ interest in crypto assets is a promising sign for players in this industry, there’s one major issue. The Indian government, namely, the Financial Intelligence Unit (FIU), has taken issue with the lack of regulation for a while and recently took major steps towards cracking down on crypto exchanges.
As mentioned earlier in the article, nine crypto exchanges have recently had their URLs blocked in India for operating “illegally,” according to the Indian government.
Cryptocurrency apps face bans in India should they fail to register with the FIU, collect know-your-customer data, and follow other necessary regulations.
What are crypto exchange fees for apps in India?
Deposit and withdrawal fees
Some exchanges charge a small deposit fee, but crypto and fiat currency deposits are often free.
Withdrawal fees can be around 2% depending on the exchange and tend to be higher for withdrawing fiat currency, so be sure to check before deciding on a crypto investing app.
Crypto trading fees
Find the exchange that offers competitive trading fees depending on your monthly trade volume.
These can put a dent in your profits, going as high as 0.5%, but there are apps with zero trading fees for either newbies or highly active, experienced traders.
Transaction fees
Exchanges charge fees to transfer crypto assets to other exchanges or payment methods, but there are often promotions to do free transfers when opening a new cryptocurrency trading account.
Margin trading fees
If you’re involved in margin trading, you’ll be charged additional fees for interest on the borrowed funds. A typical crypto trading app charges up to 0.1% but varies by exchange.
Maker and taker fees
Cryptocurrency trading often bases trade fees on maker fees for the person providing liquidity and taker fees for the person taking advantage of said liquidity.
Taker fees apply to buyers and sellers looking to process a transaction on a cryptocurrency exchange immediately and are typically higher, up to 0.5%.
Monthly crypto exchange fees
If you choose to join a premium membership or Pro plan to access more tools for crypto trading or better customer support, there are typically monthly or annual subscription fees.
How to Choose the Best Crypto App in India
Available Cryptocurrencies
The range of available currencies is a key consideration for choosing an exchange, particularly if you want to buy a specific coin.
A diverse selection allows you to explore a variety of trades, from “blue chip” crypto like Bitcoin to altcoins (and meme coins, Dogecoin may hit $1 one day).
Platform Features
Evaluate if the user interface, trading types, charting tools, investment options, and other features align with your needs.
Intuitive navigation and easy setup should be top of mind for beginners, while customizable dashboards, complex trade options, and automated bots are notable features for experienced traders.
Fee Structure
Look for transparent fee structures before signing up to avoid surprises in the future. Each app in India has different fee models, including trading fees, deposit fees, and withdrawal fees.
Compare the fee structures to ensure you choose one that aligns with your trading volume and investment goals.
Compliance
Ensure the exchange you choose is registered with the FIU, has an AML policy, and collects KYC data. In light of recent bans, it’s clear the Indian government is cracking down on compliance, and you don’t want your money tied up in the wrong place.
Security
Data security is a concern with any app you give your sensitive information to, particularly when your funds are also at risk. Review the security measures the exchange has put in place, which should be featured prominently on their website and further detailed on their blog or platform documentation.
Key Takeaways
Cryptocurrency trading is a rapidly evolving industry, and with recent government crackdowns in India, compliance needs to be top of mind when choosing an exchange.
Ensure FIU compliance and evaluate other key factors like available currencies, trading fees, and range of trading and investment features. Choose the exchange that best aligns with your experience level and goals for buying and selling crypto.
Cryptocurrency can be purchased through a number of exchanges and wallets, including WazirX, BitBNS, and CoinDCX.
Yes, crypto exchanges can operate in India as long as they are registered with the Financial Intelligence Unit (FIU), have anti-money laundering (AML) policies in place, and collect the necessary know-your-customer (KYC) data. Unregulated apps face having their URLs banned.
Check if an exchange is registered with the FIU, has clear security policies and measures in place, has an ID verification process, and is widely used across India with positive customer reviews.
Fees on trading cryptocurrency in India are typically as high as 0.5% but are free on some exchanges for new traders and decrease with high trading volume on others.
All investments inherently have risks of loss, but cryptocurrency trading can carry higher risks than traditional investments due to the quickly changing nature. Be sure to educate yourself on the historical performance of crypto coins you plan to purchase and overall market behavior to understand the potential risk, and place your funds in a trusted cryptocurrency exchange to minimize security threats.
Suchet Salvesen
Suchet is a Norwegian economist, entrepreneur, and investor, serving as the CFO and COO of Brainfund. With over a decade of experience in global expansion, venture capital, and emerging technologies, he earned his MBA from the NMBU School of Business & Economics. He held dual bachelor's degrees from the University of South-Eastern Norway. His career spans roles at NextToMe, Get, and Conax before joining Everipedia, now Brainfund, in 2017.
