India has over 100 million people trading or holding cryptocurrency, and the number keeps growing. But not every exchange lets Indian citizens use their services. Some platforms shut down or restrict access because of unclear rules. Others built their entire business around serving Indian users - with INR deposits, UPI payments, and local customer support. If you're in India and want to buy Bitcoin, Ethereum, or any other coin, you need to know which exchanges actually work for you.
CoinDCX: India’s First Crypto Unicorn
CoinDCX isn’t just another exchange - it’s the first Indian crypto company to hit unicorn status. Launched in 2018, it now serves millions of users with access to over 200 cryptocurrencies. What makes CoinDCX stand out? It’s built for India. You can deposit and withdraw INR using UPI, IMPS, NEFT, and RTGS. No foreign bank accounts needed.
Trading fees are low: spot trades cost between 0% and 0.06%. Advanced traders get 5x leverage on margin trading. The platform also offers CoinDCX Go, a simplified version for beginners who just want to buy Bitcoin without the noise. Security is strong too - multi-signature wallets, insurance on stored assets, and regular audits. Plus, their free learning platform, DCX Learn, helps new users understand crypto without getting scammed.
WazirX: Binance’s Indian Powerhouse
WazirX is one of the most popular exchanges in India, with over 15 million users as of 2025. After being bought by Binance, it got access to global liquidity while keeping its local focus. You can trade 300+ cryptocurrencies here, including all the big ones like Bitcoin, Ethereum, and Solana.
Fees start at 0.1% for both makers and takers, and you can lower them further by holding WRX, WazirX’s native token. The platform supports UPI, NetBanking, and IMPS for instant deposits. It also has a P2P trading section where you can buy crypto directly from other users using cash, Paytm, or even phone recharge vouchers.
WazirX’s mobile app is one of the best in the market, with support in Hindi, Tamil, Telugu, and other Indian languages. Customer service responds quickly, even during market crashes. If you’re looking for a reliable, high-volume exchange that feels local, WazirX is a top pick.
CoinSwitch: Simple for Beginners
CoinSwitch started as a crypto price aggregator - a tool that showed you the best rates across exchanges. Today, it’s a full exchange with over 250 cryptocurrencies. Its biggest strength? Simplicity. If you’ve never traded before, CoinSwitch makes it feel like ordering food online.
Spot trading fees are just 0.04%, one of the lowest in India. You can deposit INR via UPI or bank transfer in under a minute. There’s no complex charting or advanced order types - just buy, hold, and sell. The interface is clean, the app is smooth, and the KYC process is straightforward. CoinSwitch also educates users on taxes and safety, which matters because India now taxes crypto gains at 30%.
Binance India: Global Power, Local Access
Binance India is the Indian version of the world’s largest crypto exchange. It lists over 350 cryptocurrencies and offers more than 1,590 trading pairs. If you want to trade obscure altcoins or use advanced features like futures and options, this is one of the few platforms in India that lets you do it.
Trading fees are 0.10% for spot trades. It accepts UPI, bank transfers, and even debit card payments. The platform uses Binance’s global security systems - cold storage, insurance funds, and real-time monitoring. But unlike the global Binance site, Binance India follows Indian regulations strictly. You can’t use it to trade fiat-to-crypto pairs outside INR. That’s intentional - it’s built to comply.
Mudrex: Invest, Don’t Just Trade
Most exchanges treat crypto like a stock market. Mudrex treats it like a mutual fund. Instead of picking individual coins, you can invest in pre-built portfolios called Coin Sets. For example, there’s a “DeFi Portfolio” or a “Bitcoin Dominance Set.” You set up automatic investments, and Mudrex rebalances them monthly.
It supports 669 cryptocurrencies and charges 0.25% per trade. Payments are made via UPI or bank transfer. Mudrex is perfect if you don’t want to stare at charts all day. It’s also one of the few exchanges that clearly explains tax implications and regulatory compliance. If you’re a long-term investor, not a day trader, Mudrex is a smart alternative.
ZebPay: The OG Indian Exchange
ZebPay has been around since 2011 - longer than most Indian crypto platforms. It’s one of the oldest exchanges still operating in India. It offers 217 cryptocurrencies and charges between 0.15% and 0.25% for spot trades. You can deposit INR through UPI, IMPS, NEFT, and RTGS.
What makes ZebPay different? It offers crypto lending. You can earn interest by lending your Bitcoin or Ethereum. It also has a strong focus on security, with two-factor authentication and cold storage for 95% of funds. ZebPay doesn’t try to be flashy. It’s stable, reliable, and has weathered every regulatory storm in India. If you value longevity and trust over flashy features, ZebPay is still a solid choice.
Paxful: P2P for the Unbanked
Paxful isn’t a traditional exchange. It’s a peer-to-peer marketplace. You buy Bitcoin, Ethereum, USDT, or USDC directly from other users. This is huge for people who can’t use banks easily - like gig workers, small business owners, or those in rural areas.
Paxful supports over 350 payment methods in India, including UPI, Paytm, Google Pay, phone recharge, and even gift cards. Buyers pay zero fees. Sellers pay a 1% fee. Minimum deposit is just $10 (around INR 800). KYC is required, but the process is simple. The app works well on low-end Android phones. If you’re trying to get into crypto without a bank account, Paxful is one of the few options that actually works.
Other Notable Exchanges
There are a few more exchanges worth mentioning:
- Unocoin: One of the earliest Indian exchanges. Offers 90+ coins with fees between 0.4% and 0.7%. Good for long-term holders.
- Bitbns: Supports 148+ cryptocurrencies at 0.25% fees. Has P2P trading and a simple interface. Popular among younger users.
- Giottus: Lists 314+ coins with fees from 0% to 0.25%. Strong mobile app and real-time price alerts.
All of them support UPI, NEFT, and IMPS. None of them require foreign bank accounts. All of them follow KYC and AML rules set by Indian authorities.
What to Look for in an Indian Crypto Exchange
Not all exchanges are built the same. Here’s what actually matters if you’re in India:
- INR support - Can you deposit and withdraw Indian Rupees? If not, skip it.
- UPI and bank integration - Instant deposits are a must. No one wants to wait 3 days.
- Clear fees - Watch out for hidden fees on withdrawals or conversions.
- KYC process - If it takes more than 10 minutes, it’s too slow.
- Mobile app quality - Most Indians trade on phones. A clunky app means missed opportunities.
- Security - Look for cold storage, two-factor auth, and insurance. Never trust an exchange that doesn’t mention these.
What’s Not Allowed
Some global exchanges like Kraken, Coinbase, and KuCoin don’t let Indian users deposit INR. You might be able to deposit via crypto, but you can’t cash out in rupees. That’s useless if you’re in India. Also, avoid platforms that don’t display their KYC process upfront. If they’re hiding compliance details, they might not be following Indian law.
Final Thoughts
The Indian crypto market in 2025 is more open than ever. You have more choices than ever before. Whether you’re a beginner buying your first Bitcoin, a trader using leverage, or an investor building a portfolio, there’s an exchange for you. The key is picking one that works with Indian banking, not against it.
Start with CoinDCX or WazirX if you want full features. Try CoinSwitch or Mudrex if you want simplicity. Use Paxful if you’re outside the banking system. Stick with exchanges that clearly show their fees, security, and compliance. Anything else is a risk.
Can I use Indian banks to buy crypto?
Yes. All major crypto exchanges in India support UPI, IMPS, NEFT, and RTGS. You can deposit INR directly from your bank account. Most transactions complete in under a minute. There’s no legal barrier - banks don’t block these payments anymore.
Are crypto exchanges legal in India?
Yes. Crypto exchanges are legal in India as long as they follow KYC and AML rules. The government doesn’t ban trading, but it does tax profits at 30%. Exchanges like CoinDCX, WazirX, and ZebPay are fully compliant and report to financial authorities.
Which exchange has the lowest fees in India?
CoinDCX offers 0% spot trading fees for some users, especially those with high trading volumes. CoinSwitch charges 0.04%, which is among the lowest for beginners. For P2P trading, Paxful charges 0% to buyers. Always check the fee schedule before you trade.
Can I trade Bitcoin with UPI?
Yes. All top Indian exchanges - CoinDCX, WazirX, CoinSwitch, ZebPay, and others - let you buy Bitcoin using UPI. You scan a QR code or enter your UPI ID, and the payment goes through instantly. No need for a credit card or foreign account.
Do I need to pay taxes on crypto in India?
Yes. India taxes crypto profits at 30%. You also pay 1% TDS (Tax Deducted at Source) on every trade. Exchanges like CoinDCX and WazirX provide tax reports at the end of the year to help you file. Ignoring taxes can lead to penalties.
Is Paxful safe for Indian users?
Paxful is safe if you follow its rules. It’s a P2P platform, so you’re trading with individuals, not the exchange. Always use Paxful’s escrow system - never send money outside the app. Complete KYC, avoid off-platform deals, and only trade with verified sellers. It’s not risk-free, but it’s one of the few options for those without bank access.
Tracy Peterson
February 23, 2026 AT 08:41