Satoshi Nakamoto 
Cryptocurrencies have made a huge impact in India in the last few years. Interest in investing in Bitcoin, Ethereum, and other digital currencies has grown rapidly. Due to this growing popularity, several crypto currency trading platforms in India have emerged where you can buy and sell crypto coins quickly.
As once again, the market of crypto currency is on boom… we will discuss the major crypto trading platforms available in India, their exclusive features, platform joining fee, broking fee, and other important key things that every user should keep in mind before using these crypto trading apps or websites .
Status of Crypto Trading in India
Crypto trading in India is legal and by using the crypto exchange platforms you can buy and sell crypto coins in few seconds just like the stock broking apps.
In 2018, the Reserve Bank of India (RBI) had banned banks from providing crypto-related services. This was the time when as crypto traders, couldn’t add money on the crypto trading app wallet and they couldn’t easily withdraw their crypto earnings back into their bank accounts. However, in 2020, the Supreme Court lifted this ban, ruling that it was unconstitutional and giving cryptocurrency trading a boost again.
India still does not have clear regulatory laws on cryptocurrencies, but the government is implementing rules and crypto tax policies to control it and if you trade in Crypto coins and make profit then Indian government deducts 30% as crypto Tax on the profit margin which is way higher than long term (12.5%) and short term tax gain (20%).
So before investing in crypto coins, you should know that there will be a 30% tax if you make profit on crypto coin trading… Rest we advise you to also do your own research as these tax rates may change in the future.
What are Cryptocurrency Trading Platforms?
Crypto trading platforms are digital platforms where users can buy, sell, and trade cryptocurrencies. These platforms provide investors with a user-friendly interface, security measures, and many other features.
Earlier, back in 2010 or 2012 if you want to buy crypto coins from India, then it was quite challenging . The process to buy a digital coin was quite lengthy and risky. There was no such middle platform which you can trust and buy coins. But when the crypto trend gained momentum in Asian countries like India, a number of crypto exchanges got established and the buying and selling process became easy, smooth, and secure.
At present, In India a number of Crypto Currency Trading Platforms are available where you can create an account for free by providing key details like Name, Phone, Address, Aadhar Card, PAN, Email Id, Bank Details etc. Once the KYC is done, you can start crypto trading and keep checking the status of crypto coin.
Like many other stock marketing based broking apps, the crypto trading platforms work similar. You can explore all listed crypto coins, you can view live chart, you can view candle sticks of a crypto coin, you can check value or price of coin and by tapping on buy or sell button you can finalize your trade.
Crypto currency trading platforms in India is quite easy to use, you can make payment via UPI and buy the respective coins in few seconds. Apart from that if you want to sell then you can sell coins in just 1 tap and the amount will be transferred in your Crypto App wallet which you can withdraw later in your bank account.
We have covered many crypto exchange platforms below. So if you are a beginner and want to know the best cryptocurrency trading platforms in India, then check this and don’t forget to share with others!
Top Crypto Trading Platforms in India
As there are many Crypto currency trading platforms in India, we have complied a list of best cryptocurrency trading applications. You can choose any one and start the trading. Here’s top 5 crypto exchange apps which you can trust and use to buy, sell crypto coins and keep checking the live status anytime!
1. Bitbns
Bitbns is the India’s largest crypto currency exchange platform and one of the most trusted among top 10 crypto exchanges in India. According to a 2023 study by CoinGecko, Bitbns has captured 79.1% market share, means people in India prefer Bitbns crypto currency trading platform at first place for buying and selling Crypto coins like Bitcoin, Dogecoin, Ethereum etc.
This platform gives details about top trending tokens, top gainer, and top losers. You join this platform on mobile or via website https://bitbns.com/ and after completing the KYC you can start trading of crypto coins. You can first add INR money via UPI in the Bitbns wallet and then buy coins.
Regarding the INR deposits, this platform doesn’t charge any fee (0%). It means UPI, Bank deposit, and Peer-to-peer USDT deposit are totally free. However there are other charges related to Spot, Derivatives & Margin trading and Crypto Withdrawal which you can check in detail from here – https://bitbns.com/fees.
Mobiles users can use this app on both Android or iOS based smartphones. You can download it for free from Google and Apple App store and use it. The rating of this platform is 3.3 out of 5 , means 66% users are satisfied while remaining are bit frustrated due to lack of support or glitches or downtime.
2. WazirX
Looking for Best P2P crypto exchange in India? Try WazirX! WazirX is the India’s second largest crypto currency exchange platform and quite popular among users as it offers an ample of services and features. The UI of this application is quite easy and being a beginner you can understand the technical terms related to crypto coins very easily and trade within few seconds.
On WazirX platform, you can trade-in in number of crypto coins as it Supports numerous cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), and many more.
There is no deposit fee from Bank to WazirX wallet, however WazirX charges a withdrawal fee for transferring funds from your WazirX wallet back to your bank account and it can be from .10% to .20%. There are other services fee, which you can check in detail on official https://wazirx.com/ or consult with WazirX support online anytime.
Before joining this platform, I would like to highlight one important thing that WazirX hacked by an unknown hacking group on July 18, 2024 and users who had funds on this crypto exchange platform at the time of the hack lost their investments. The cyberattack has shaken user confidence in the security of cryptocurrency exchanges and raised concerns about the safety of digital assets.
This case is still in the headlines and the users who have invested their money in crypto coins through the Wazir crypto trading platform are still a mystery as they have not received their money and they are constantly in touch with the support team so that somehow they can get back their stolen assets.
For now, the WazirX platform is currently not fully operational. Trading and withdrawals have been halted and they are in touch with their parent company Zettai, so can address the situation and find a resolution for users. As per rumors, WazirX might launch a new DEX to facilitate recoveries for users.
3. CoinDCX
After Bitbns and Wazir, the CoinDCX comes in pictures who has captured 6.6% of crypto market share. This platform founded in 2018 and offers a range of services, including buying, selling, and trading various cryptocurrencies. It is a reputable brand which you can trust and start crypto trading today.
Apart from using https://coindcx.com website, you can also use the mobile version of CoinDCX which is popular as CoinDCX Go. You can download the CoinDCX Go app from the Google play store or Apple app store and start using it by adding details like Name, Phone, Email, PAN, and Bank Details.
Key Features:
- Zero trading fees.
- Over 200 cryptocurrencies.
- Suitable for beginner investors.
- Security: Multi-signature wallet to keep funds safe.
- Education: ‘DCX Learn’ initiative to educate investors.
4. ZebPay
Key Features:
- UI is quite simple and easy to use.
- Available on Android and iOS.
- Multi-stage security protocol.
- 98% of funds stored in Multi-sig cold wallets.
- Offers free Crypto education series for beginners
5. Unocoin
Unocoin is India’s leading crypto trading platform, launched in 2013. The platform allows users to buy, sell and store a number of cryptocurrencies, including BTC, BCH, LTC, ETH, XRP. Unocoin aims to make cryptocurrency simple and accessible to the Indian market and any one can trade.
The platform’s advanced security features, such as two-factor authentication and multisig wallet, ensure user safety. Users can trade with just a few clicks through the Unocoin app. The platform also offers services such as Bitcoin payments and recharges, increasing the real use of the digital currency.
With regular updates and a user-friendly interface, it is suitable not only for beginners but also for experienced traders. Unocoin is committed to bringing trust and transparency to the Indian crypto ecosystem.
Unocoin has a market share of less than 1%, but it may get more users in the coming months due to WazirX as WazirX has temporarily shut down some of its services related to Trading and withdrawals. So those who want to create an account for crypto trade can use this platform and start trading today.
How to use Crypto Currency Trading Platforms in India
All Indian crypto exchanges list that we shared above are quite easy to use. If you know how to use social apps then these crypto buy & sell apps are just as straightforward and any beginner can use it, understand the terms, read the crypto coin live charts and sell or buy coins in few seconds with confidence.
Here’s how to use crypto trading platforms (Step-by-Step Guide):
- Step 1: Visit the crypto trading platform website or download a respective crypto exchange app on mobile.
- Step 2: Login with Email or Phone number and verify it with OTP.
- Step 3: Now complete KYC and enter details as mentioned below:
- Full Name
- Address
- Spouse or Father Name
- Nominee Name
- ID – Aadhar Card, Driving License, Voter Card, Passport etc
- PAN
- Bank Details – Bank Name, Account Number, IFS Code.
- Upload Photo and Video
- Step 4: Wait for Approval (It may take 48 hours to 1 Week).
- Step 5: Once Account Approved, You will get a Wallet where the funds will be added. You can check your profile section to know the crypto address, which you can share to other user to receive crypto coins.
- Step 6: Before buying any coin, first add Funds in Crypto Wallet.
- Step 7.1 (Buy Coin): Explore coins and Tap on Buy to Purchase quantity.
- Step 7.2 (Sell Coin): Explore holdings and Tap on Sell to Sell quantity.
- Step 8: Check you wallet and if you want to withdraw funds the click on withdraw.
- Step 9: Withdraw amount will be transferred in your registered bank account.
- Step 10: This is how you can buy and sell crypto coins on crypto exchange app.
Conclusion
Cryptocurrency trading is growing rapidly Worldwide, and now many crypto currency trading platforms in India are offering their services to the users so they can trade in crypto coins with confidence and trust. However, investors should do thorough research before investing their capital and choose only trustworthy platforms.
Platforms like BitBns, WazirX, CoinDCX, ZebPay and Unocoin are popular crypto exchanges in India due to their features and security measures. All these platforms are legal and trusted platforms, but any investment carries risk, so make decisions carefully and consult a financial advisor if needed.
Still if you would like to know more about the above crypto currency trading platforms, please let us know in the comments below and don’t forget to share it with others.
