Summary
India's cryptocurrency landscape operates within a structured regulatory framework overseen by the Reserve Bank of India (RBI). Investors can trade digital assets via compliant exchanges offering INR deposits through UPI, bank transfers, and other local payment methods. Key platforms for Indian traders include:
- Binance – Global leader with extensive INR support
- WazirX – Top Indian exchange featuring local payment integrations
- Bybit – Advanced tools and competitive fees
- Unocoin – User-friendly platform for beginners
- CoinDCX – Regulated exchange with educational resources
Best Crypto Exchanges in India
Comparison Table
| Exchange | Supported Coins | Trading Fees | Deposit Methods | KYC |
|----------------|-----------------|------------------------|------------------------------------------|------|
| Binance | 400+ | 0.02% maker / 0.05% taker | UPI, P2P, Bank Transfer | Yes |
| WazirX | 300+ | 0.40% flat fee | IMPS, NEFT, Google Pay | Yes |
| Bybit | 600+ | 0.02% maker / 0.055% taker | Credit/Debit Cards, Apple Pay | Yes |
| Unocoin | 100+ | 0.20% maker / 0.30% taker | Bank Transfer, Cards | Yes |
| CoinDCX | 300+ | 0.021% maker / 0.064% taker | Bank Transfer, UPI | Yes |
1. Binance
Overview:
Binance dominates globally with 400+ cryptocurrencies, 125x leverage, and futures trading. Its low fees (0.02% maker) and high liquidity make it ideal for active traders.
Pros:
- Largest crypto selection
- Advanced charting tools (TradingView)
- 24/7 customer support
Cons:
- Complex for beginners
- Regulatory restrictions in some regions
2. WazirX
Overview:
WazirX caters specifically to Indian users with 300+ coins and instant INR deposits via UPI/IMPS.
Pros:
- Local payment support
- Simple interface
Cons:
- No futures trading
3. Bybit
Overview:
Bybit excels in derivatives, offering 100x leverage and copy trading. Fees start at 0.02% for makers.
Pros:
- Low fees
- Automated trading bots
Cons:
- Limited fiat options
FAQs
Is crypto legal in India?
Yes, but exchanges must comply with RBI and SEBI regulations, including KYC/AML protocols.
What are the tax rules?
- 30% tax on gains
- 1% TDS on transactions > ₹10,000
How to buy crypto in India?
- Sign up on a regulated exchange (e.g., Binance).
- Complete KYC.
- Deposit INR via UPI/bank transfer.
- Trade crypto.
Bottom Line
For Indian investors, Binance and WazirX offer the best balance of features, liquidity, and local payment support. Always prioritize security and regulatory compliance when trading.