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10 Best Indian Crypto Exchanges in 2025

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While India is yet to classify crypto as a legal tender, they are also not illegal. If you are looking for the best crypto exchanges in India in 2025, this would help. I’ve put together this guide to walk you through the top platforms based on what actually matters – security, fees, available coins, and how easy they are to use.

I’ve looked at everything from how well these exchanges follow regulations to their security track record. I’ve also checked out their fees, the amount of coins they offer, and how you can deposit your money. Plus, I’ve considered how good their mobile apps are and whether you can get help when you need it – things that make a real difference when you’re trading.

Key Takeaways

  • The best crypto exchanges in India in 2025 are eToro, Uphold, CEX.io, Bitget, Kraken, Gemini, LocalCoin Swap, Kucoin, Exmo, and Bitbns.
  • Verify regulation compliance and security features before selecting an exchange to protect your investments and ensure legal trading.
  • Consider trading fees, payment options, and withdrawal processes that align with your specific trading frequency and volume needs.
  • Choose exchanges offering appropriate asset diversity – more coins create opportunities, but quality vetting prevents exposure to questionable projects.
  • Mobile app quality significantly impacts the trading experience, especially for time-sensitive transactions when you’re away from your computer.

Best Crypto Exchanges India 2025 Are…

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    eToro
    # 7
    eToro
     
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    Binance
    # 1

    Binance

     

    Since its debut in 2017, Binance has established itself as the premier global cryptocurrency exchange. Handling billions of transactions daily, it has built a massive user base and offers an unparalleled selection of features. Although Binance operates globally, its US services are restricted to a separate subsidiary.

    The platform supports trading for more than 350 cryptocurrencies and thousands of pairs. Binance’s features include spot trading, staking, futures trading with up to x125 leverage, and margin trading. Users can also access P2P transactions, automated bot trading, and copy trading.

    Fiat deposits are available in over 100 currencies via multiple payment methods. Binance uses a tiered fee system, reducing costs for high-volume traders and offering extra savings for payments made in BNB tokens.

    Pros

    • Largest trading volume globally with 350+ cryptocurrencies

    • Extremely competitive fee structure (0.1% standard, can be reduced with BNB)

    • Comprehensive ecosystem including launchpad, staking, and lending

    • Advanced trading features and analytics

    • High liquidity across trading pairs

    Cons

    • The interface can be overwhelming for beginners.

    • Regulatory challenges in various jurisdictions

    • Suffered a major hack in 2022, though the SAFU fund covered user funds

    • Customer service response times can be lengthy

    Support languages
    • German
    • Japanese
    • Italian 14
    Phemex
    # 2

    Phemex

     

    Phemex is a Singapore-based cryptocurrency exchange that launched in 2019. Known for its comprehensive offerings, it serves traders globally but excludes the US due to regulatory restrictions.

    The platform supports 250+ cryptocurrencies and provides services like spot trading, futures with leverage up to x100, and staking. Fiat deposits are available through various methods, including credit cards.

    Pros

    • Good variety of cryptocurrencies

    • Competitive trading fees

    • Registered as an MSB in the USA

    • Regularly discloses its proof-of-reserves

    • Many ways to trade (spot, futures, copy, P2P, etc)

    Cons

    • Prohibited in some countries, including the UK and USA

    • Operates in a regulatory grey area

    Support languages
    • German
    • Japanese
    • English 2
    Ecxx
    # 3

    Ecxx

     

    ECXX is a simple crypto exchange established in 2019. It provides users with access to 30 cryptocurrencies denominated in USDT. The responsive platform offers TradingView integration, which is ideal for performing detailed analyses. However, while testing the platform, I was unable to confirm my email, limiting my access to ECXX’s features. 

    ECXX users can deposit and withdraw crypto, but fiat currencies are unsupported. While it offers an Initial Exchange Offering (IEO) launchpad and staking system, both were unpopulated during our research. Trading fees on EXCC are reasonable, at 0.2% for all orders. Withdrawal costs vary by asset. 

    Pros

    • An order book interface so traders can see where liquidity is

    • TradingView integration for performing analysis

    • A simple interface makes navigation easy

    • Relatively competitive trading fees

    • Low-cost withdrawals 

    Cons

    • The registration process is not working correctly 

    • No support for fiat currency purchases, deposits, or withdrawals

    • Limited variety of cryptocurrencies 

    Support languages
    • English
    • Chinese (Mandarin)
    XT
    # 4

    XT

     

    XT Exchange, founded in 2018, is a global cryptocurrency trading platform with a presence in multiple regions, including Asia, Europe, and the Middle East. It offers a comprehensive suite of services such as spot, margin, and futures trading, as well as OTC and P2P trading. The platform supports over 500 cryptocurrencies and provides leverage up to 125x on selected assets. XT Exchange is known for its high-performance trading engine, robust security measures, and social trading features.

    Users generally appreciate the platform's competitive fees, fast account verification, and the reliability of its trading apps. However, there are recurring complaints about customer support responsiveness and occasional withdrawal delays. Educational resources are limited, which may make it less suitable for beginners seeking guidance. The platform does not offer managed investment programs, focusing instead on direct trading and mining options.

    Pros

    • Wide selection of cryptocurrencies and trading pairs

    • Supports spot, margin, futures, OTC, and P2P trading

    • High leverage available (up to 125x)

    • Competitive trading fees and fast account setup

    • Robust security protocols, including cold storage and layered architecture

    Cons

    • Some users report slow or unhelpful customer support

    • Occasional withdrawal delays

    • Limited educational resources for beginners

    • No managed investment programs

    Bitfinex
    # 5

    Bitfinex

     

    Launched in 2012, Bitfinex is one of the oldest cryptocurrency exchanges. It is widely recognized for its robust trading features and consistent performance but is unavailable to US users.

    The exchange supports more than 270 cryptocurrencies and includes services like spot trading, derivatives trading with leverage up to x100, staking, and borrowing. Fiat deposits can be made in USD, EUR, GBP, and JPY. The platform’s tiered fee structure incentivizes traders with higher volumes.

    Pros

    • Advanced trading features, including margin trading up to 10x

    • High liquidity for major trading pairs

    • Over 170 cryptocurrencies available

    • Low fees for high-volume traders

    • P2P financing marketplace

    • Advanced order types for sophisticated strategies

    Cons

    • Complex interface not suitable for beginners

    • History of security and regulatory issues

    • Not available to US customers

    • High minimum deposit requirements

    • Controversial due to Tether relationship

    Support languages
    • English
    • Spanish
    • Portuguese 3
    Youhodler
    # 6

    Youhodler

     

    YouHodler is a crypto exchange and loan platform known in India for its security and beginner-friendly design. It offers 110 USDT-denominated assets, including large projects like TON and regional stablecoins like EURS and TGBP. YouHodler supports deposits and purchases using fiat currencies via AdvCash and others, but doesn't accept INR.

    Traders in India can fund a YouHodler account, but they must use crypto, pay currency conversion fees, or use an international bank account. Indian users can spot trade or access up to 70x leverage on YouHodler. The exchange boasts simple charts, TradingView integration, a cascading loans tool, and a crypto-backed loans service. 

    Users in India can open short and long positions on YouHodler, but the exchange isn't transparent regarding its fees. It charges an hourly rollover fee, which varies by asset but is often around 0.02% based on our testing. YouHodler best suits Indian traders looking for high leverage limits without having to trade traditional futures contracts. 

    Pros

    • Indian users can register with YouHodler

    • Multiple ways to deposit fiat currency

    • Offers traders in India up to 70x leverage

    • Provides access to crypto loan tools

    • TradingView integration for advanced Indian traders

    Cons

    • Doesn't support INR or local payment methods

    • No INR-denominated trading pairs

    Support languages
    • English
    eToro
    # 7

    eToro

     

    eToro, headquartered in Israel, began as a social trading platform and expanded into the cryptocurrency market in 2013. Today, it operates in more than 100 countries, offering a streamlined and regulated experience for both novice and experienced traders.

    The platform allows users to trade over 100 cryptocurrencies and supports 50 trading pairs. Key features include staking for select coins and CFD trading with leverage.

    Fiat deposits can be made using PayPal, Skrill, and bank cards. All crypto transactions are subject to a flat 1% fee.

    Pros

    • Pioneer in social trading with CopyTrader functionality

    • User-friendly interface ideal for beginners

    • Combines traditional assets (stocks, ETFs) with crypto

    • Strong educational resources

    • Regulated in multiple jurisdictions

    • Portfolio diversification tools

    Cons

    • Higher fees than crypto-specific exchanges

    • Limited cryptocurrency selection

    • No external wallet transfers for some regions

    • Spread-based fee model can be costly during volatility

    • Focus on retail traders rather than serious crypto enthusiasts

    Support languages
    • English
    Bitpanda
    # 8

    Bitpanda

     

    BitPanda is a leading European crypto exchange that offers a seamless experience for buying crypto with a credit card. The platform stands out for its broad asset support, allowing users to purchase not only cryptocurrencies but also metals and stocks. BitPanda’s interface is modern and intuitive, making it easy for both beginners and experienced traders to navigate. The exchange supports over 600 crypto assets, one of the widest selections in Europe, and enables instant purchases with a credit or debit card.

    A unique feature is the BitPanda Visa Card, which allows users to spend their crypto, metals, or stocks anywhere Visa is accepted. Cardholders can earn 1% cashback on crypto asset spending, and there are no monthly fees for the card. The platform is highly secure, leveraging Visa’s fraud prevention and offering real-time transaction notifications. BitPanda is also regulated and transparent, building trust among users.

    But, BitPanda’s fees for credit card purchases can be higher than average, and the card is only available to residents of the euro area. Advanced trading features are limited compared to some competitors, so it may not be the best choice for professional traders seeking sophisticated tools.

    Pros

    • Wide selection of crypto, metals, and stocks

    • BitPanda Visa Card for easy spending and cashback

    • User-friendly interface and strong security

    • Regulated and transparent operations

    Cons

    • Higher fees for credit card purchases

    • BitPanda Card is limited to euro area residents

    • Limited advanced trading features

    Zengo
    # 9

    Zengo

     

    Zengo stands out as one of the best crypto wallets in 2025 by offering a unique keyless security model. Instead of relying on traditional seed phrases, Zengo uses Multi-Party Computation (MPC) combined with three-factor authentication, making it easier and safer to recover accounts without the risk of losing access.

    This mobile-first wallet supports over 320 cryptocurrencies on multiple blockchains, catering to users who want a seamless experience without sacrificing security. Zengo also offers built-in features like crypto buying, selling, swapping, and staking, all accessible through a sleek and intuitive app interface.

    Zengo provides fiat on-ramp and off-ramp services, making it convenient for users to convert between crypto and traditional money. While it doesn’t support desktop or browser extensions, its mobile security features, including biometric authentication and a Web3 firewall, position it as an excellent choice for everyday crypto management.

    Pros

    • Keyless security with MPC and 3FA for safer recovery

    • Supports a wide range of cryptocurrencies

    • Integrated fiat on/off ramps and swapping

    • Easy-to-use mobile app with biometric security

    • Access to staking and dApps

    Cons

    • Exchange fees can be relatively high

    • Limited staking options compared to competitors

    • No desktop or browser extension support

    • Not fully open source

    Support languages
    • English
    EXMO
    # 10

    EXMO

     

    Exmo is a lesser-known crypto trading platform popular in India due to its support for leverage trading and simple-to-use fiat on-ramp. The exchange offers 95 assets. While it's not registered in India, Exmo accepts sign-ups from Indians. However, there is no INR support. Users must buy crypto with USD, which could result in their bank charging international transaction fees.

    While it lacks INR support, Exmo doesn't limit Indian users' access to leverage. They can spot trade or boost their profits and losses by up to 50x using margin. Exmo offers bundles of related cryptos, enabling people to instantly create a diversified portfolio. It also provides a staking program paying up to 17.5% and allows users to conduct crypto-to-crypto swaps conveniently.

    Exmo is a robust exchange that specializes in trading. It charges 0.1% (crypto-to-crypto), 0.2% (crypto-to-USDT), or 0.3% (crypto-to-fiat) for spot trades. Margin positions incur a 0.1% charge plus a 0.05% funding fee. If you're an Indian trader who prefers margin over futures and is looking for an alternative to big-name exchanges, Exmo fills the role well. 

    Pros

    • No limits on sign-ups in India

    • Can buy crypto with fiat currency

    • Indian users can margin trade with 50x leverage

    • Crypto bundles make it easy to diversify in India

    • All-in-one exchange serving Indians

    Cons

    • No support for INR

    • Zero local payment options

    Support languages
    • English

    Why Trust Webopedia?

    Our recommendations reflect thorough research, industry expertise, and collected feedback from active crypto traders across India to deliver correct and current information for 2025.

    Compare Indian Crypto Exchanges

    Here’s a quick comparison of the top 10 Indian crypto exchanges I’ve selected.

    Exchange Trading Fees Security Features Supported Coins Country License Deposit & Withdrawal Methods
    Bybit 0.1% (Spot), Futures 0.0200% (maker) 0.0550% (taker), options 0.0200% / 0.0300%
    2FA, Cold Storage, Encryption, Multi-Sig Wallets, withdrawal address whitelisting, anti-phishing codes, 24/7 security alerts 715 No Credit/debit card, wire, bank transfer, SEPA, various local payment methods
    Youholder Hourly rollover fee of 0.02% // None Listed for Conversions 2FA, Cold Storage, Encryption, Multi-Sig Wallets 110 No Credit/debit card, wire, bank transfer, SEPA, Apple / Google Pay
    CEX.io 0.25% (spot), 0.1% (margin, 1% (margin liquidation) 2FA, 98% cold storage, regularly liveness checks (user verification requiring movement), data encryption, PCI SSC certified 200 No Bank transfer, Google/Apple Pay, credit/debit card, or PayPal
    Bitget 0.10%  2FA, additional passkey system, anti-phishing code for communications, regular audits, proof of reserves, 200% backing of customer funds 1341 (many have zero volume or supply) No Credit/debit cards, bank transfer, crypto, local payment methods via P2P market or third parties
    Kraken Spot: 0.25% (maker) 0.40% (taker), Stablecoins: 0.2%, Futures: 0.02% 0.05% 24/7 in-person surveillance of crypto infrastructure by armed guards, 2FA (not SMS based), bug bounty program, sensitive data encryption, real-time threat monitoring 418 No Person, Wire, Interac e-Transfer (CAD), Bank Transfer, PayPal RTGS (AUD), FPS, PayPal (GBP), SIC (CHF), SWIFT (JPY), PIX (BRL)
    Gemini 0.20% (maker) and 0.40% (taker) // instant or recurring orders: 1.49%, + a 1% convenience fee 2FA, Cold Storage, address allowlisting, multi-signature wallets, ISO 27001, and SOC 2 Type 2 certified 80 Yes Crypto, ACH, Wire, Debit Card, Google/Apple Pay, Bank Transfer (EUR & GBP), FAST (SGD), PayPal, CUBIX, xPULSE, Plaid Direct (UK & Europe)
    LocalCoin Swap 0 buyer fees, 1% for sellers Escrow service, encryption, doesn't take custody of user funds, 2FA encryption 13 No Crypto, Bank transfer, credit/debit card, 300+ local payment options
    Kucoin Spot: Top Cryptos / Class-A = 0.1%, Class-B = 0.2%, Class-C = 0.3%, (20% reduction for paying with KCS). Futures: 0.02% / 0.06% Segregated Funds, Malicious Plug-In Detection, Anti-Phishing, Proof-of-Reserves, Data audits, encryption  900+ cryptocurrencies and selected altcoins No Crypto, SEPA, AdvCash, PIX, Local Payment Methods via P2P
    EXMO 0.1% (crypto-to-crypto), 0.2% (crypto-to-USDT), 0.3% (crypto-to-fiat) Mandatory 2FA, 95% Cold Storage, encryption, Ledger Vault for fund storage 90 No Crypto, Bank Transfer, Local Payment methods like AdvCash
    Bitbns Starts at ~0.25%, tiered by volume Multi-signature wallets, 2FA, cold storage, and insurance protection 200+ No UPI, IMPS, bank transfers

    How to Choose a Good Crypto Trading Platform in India?

    How to Choose a Good Crypto Trading Platform in India

    Choosing the best cryptocurrency exchange in India can save you from potential fraud, financial loss, and poor trading experiences. When evaluating Indian crypto platforms in 2025, I’ve examined these key factors:

    • License & Regulation Compliance
    • INR Payments
    • High Standard Security
    • Minimal Trading Fees
    • High Liquidity
    • Modern Trading Software
    • 24/7 Customer Support
    • Large Choice of Crypto Assets
    • Any Kind of Insurance
    • Reputation and History

    Below, I'll explore each of these features in detail to help you identify which Indian exchanges meet these standards and deserve your consideration in 2025.

    License & Regulation Compliance

    Finding a properly regulated exchange is essential for trading safely in 2025. The regulatory environment for crypto in India continues to evolve, with clearer guidelines now in place.

    When checking an exchange's compliance status, look for:

    • Registration with the Financial Intelligence Unit (FIU-IND)
    • Compliance with KYC and AML policies
    • Tax reporting capabilities aligned with Indian regulations
    • Transparent legal terms and privacy policies
    • Clear procedures for handling user data
    • Willingness to work with Indian financial authorities

    Exchanges operating legally in India have to follow these requirements, which protect you from potential legal issues and increase the safety of your funds.

    INR Payments

    Trading with Indian Rupees (INR) directly makes the crypto experience much smoother for users in India. Good exchanges offer multiple INR payment options.

    Here’s what to look for in INR payment support:

    • UPI integration for quick deposits and withdrawals
    • Net Banking connections with major Indian banks
    • Mobile payment options (PhonePe, Google Pay, Paytm)
    • P2P trading capabilities for INR pairs
    • Reasonable deposit/withdrawal fees for INR transactions
    • Fast processing times for INR transfers
    • No hidden conversion charges
    • Stable banking partnerships that won't suddenly disappear

    The best platforms maintain reliable banking relationships despite regulatory shifts, ensuring you can move money in and out of your account without frustrating delays or excessive costs.

    High Standard Security

    Strong security measures are non-negotiable for any legitimate Indian crypto exchange operating in 2025. Your funds and personal information need proper protection against potential threats.

    The key security features to check when comparing exchange options include:

    • Two-factor authentication (2FA) for all account actions
    • Cold storage for most user funds (80-95% offline)
    • Regular security audits by reputable third parties
    • Address whitelisting for withdrawals
    • Email confirmations for significant account changes
    • Advanced encryption for data protection
    • Anti-phishing measures and security alerts
    • Clear policies for handling security breaches

    The best platforms in India invest heavily in security infrastructure and stay updated on new threats, giving you peace of mind that your cryptocurrencies are protected against unauthorized access.

    Minimal Trading Fees

    Fee structures can significantly impact your trading profits, especially if you trade frequently. Top crypto exchanges in India maintain reasonable fee schedules without hidden costs.

    Important fee considerations when selecting an Indian exchange include:

    • Trading fees below 0.2% for regular transactions
    • Volume-based discounts for active traders
    • Transparent withdrawal fee structure
    • No excessive deposit charges for INR payments
    • Clear distinction between maker and taker fees
    • Reduced fees for using the platform's native token
    • No surprise inactivity penalties
    • Reasonable spreads on direct buy/sell options

    I recommend comparing the total cost of trading across multiple platforms before committing to one. Always check the complete fee structure, as exchanges often highlight their lowest possible rates while downplaying other charges (for example, deposit fees, currency conversion costs, or withdrawal minimums) that affect your bottom line.

    High Liquidity

    Liquidity refers to how easily you can buy or sell crypto without affecting its price. Exchanges with higher liquidity typically offer better prices and faster execution of trades in 2025.

    When evaluating the liquidity of Indian exchanges, consider these critical factors:

    • Trading volume across major pairs (BTC/INR, ETH/INR)
    • Tight bid-ask spreads on popular cryptocurrencies
    • Depth of the order book for quick, large transactions
    • Market maker participation on the platform
    • Consistent trade execution without slippage
    • Available limit order options for better price control
    • Number of active traders on the platform
    • Integration with global liquidity pools

    Trading on platforms with poor liquidity can leave you stuck with orders that don't fill or prices that suddenly shift against you. This becomes especially problematic during market drops when everyone's trying to sell at once.

     Modern Trading Software

    The quality of trading software can make or break your crypto experience. In 2025, top Indian exchanges offer intuitive, powerful platforms that work well for both beginners and experienced traders.

    A good trading interface should include these essential elements:

    • Clean, responsive design that works on mobile and desktop
    • Real-time price charts with multiple timeframe options
    • Basic and advanced order types (market, limit, stop-loss)
    • Technical analysis tools and indicators
    • Portfolio tracking and performance history
    • Price alerts and notifications
    • Easy-to-navigate asset listings
    • Quick access to deposit and withdrawal functions

    Don't underestimate the importance of user-friendly software. Many traders choose the best crypto app in India based on interface quality alone, even if it means paying slightly higher fees.

    24/7 Customer Support

    Responsive customer support becomes crucial when you face account issues or have urgent questions about your crypto. Quality exchanges don't leave you hanging when problems arise.

    These support options distinguish reliable platforms from subpar ones:

    • Live chat with actual humans (not just bots)
    • Phone support with reasonable wait times
    • Email ticket systems with clear response timeframes
    • Comprehensive help center with updated articles
    • Community forums monitored by staff
    • Social media support channels
    • Support in multiple languages, including Hindi and English
    • Transparent escalation process for unresolved issues

    Make sure to check support availability before trading on a new platform. Nothing's worse than watching your money stuck while you wait days for a support ticket response. The best exchanges understand that crypto moves 24/7, and their support teams do too.

    Large Choice of Crypto Assets

    The best platform for cryptocurrency trading in India offers access to a wide range of cryptocurrencies. This gives you more trading opportunities and better portfolio diversification options. The strongest Indian exchanges offer more than just Bitcoin and Ethereum.

    When evaluating an exchange's asset selection, look for these components:

    • All major cryptocurrencies (BTC, ETH, BNB, SOL, etc.)
    • Popular altcoins with solid market caps
    • New tokens with legitimate potential
    • Stablecoins pegged to different currencies (USDT, USDC, BUSD)
    • Native Indian tokens and projects
    • Regular addition of vetted new assets
    • Staking options for PoS coins
    • Trading pairs with INR, not just USDT

    Don't just count the total number of listed coins, because quality matters more than quantity. Some exchanges list hundreds of tokens but lack proper liquidity for them, making them practically untradeable at reasonable prices.

    Any Kind of Insurance

    Insurance provides an additional safety net for your crypto holdings against potential hacks or security breaches. Though not all Indian exchanges offer insurance, it's becoming an increasingly important feature.

    Various types of protection to consider when choosing an exchange include:

    • Fund insurance covering theft or exchange insolvency
    • Cold storage insurance policies for offline assets
    • Third-party insurance partnerships with reputable providers
    • Self-insurance funds maintained by the exchange
    • PoR verification processes
    • Regular independent audits of security and funds
    • Clear compensation policies for potential breaches
    • Insurance coverage limits and exclusions

    While perfect security isn't possible, exchanges that invest in insurance demonstrate a stronger commitment to protecting user funds. You can ask specific questions about what percentage of assets are covered and under what circumstances compensation would apply before trusting large amounts to any platform.

    Reputation and History

    An exchange's track record speaks volumes about its reliability and trustworthiness. Established platforms with positive histories tend to be safer options for your crypto trading needs.

    Check these aspects of an exchange's reputation before creating an account:

    • Years of operation in the Indian market
    • Handling of past security incidents or outages
    • User reviews across multiple platforms
    • Media coverage and expert opinions
    • Transparency about ownership and team
    • History of regulatory compliance
    • Relationships with banks and payment providers
    • Community trust and sentiment

    I recommend doing your homework by reading reviews from actual users, not just marketing materials. Pay attention to how exchanges responded during market crashes or high-volume periods. The platforms that maintained operations during stressful market conditions typically have better infrastructure and management than newer or less stable alternatives.

    Apps are Absolutely Essential for Indian Crypto Exchanges

    Finding the best app for cryptocurrency in India has become essential for traders, with the best crypto apps offering convenience and functionality that desktop versions can't match.

    A quality exchange with a well-developed app provides these significant advantages:

    • Seamless transactions through QR code scanning for deposits and withdrawals
    • Faster reactions to sudden market movements when you're away from your computer
    • Real-time price alerts and notifications delivered directly to your phone
    • Biometric security options (fingerprint/face recognition) for quicker, secure access
    • Portfolio tracking on the go to monitor your investments anytime
    • Simplified trading interfaces optimized for smaller screens
    • Reduced data usage compared to using mobile browsers

    For Indian users who rely heavily on smartphones for financial activities, an exchange without a robust mobile app is at a serious disadvantage in 2025. The top 5 cryptocurrency apps in India have focused heavily on mobile experience for this very reason.

    How To Register on a Crypto Exchange in India

    How to register on a crypto exchange in India

    The best crypto exchanges in India offer straightforward registration processes for new users. Here's how to get started trading on these platforms in just five steps:

    • Step 1 - Create an Account

    Begin by visiting the exchange's website or downloading its official app. You'll need to create a username that's unique to your account. Make sure to set a strong password combining uppercase and lowercase letters, numbers, and special characters. This is your first defense against unauthorized access. Use an email address you check regularly, as all important notifications will be sent there.

    • Step 2 - Verify Your Account

    After submitting your registration details, check your email inbox for a verification message from the exchange. It should contain a link that you need to click to confirm your identity. This step ensures that you have access to the email address provided and helps prevent fraudulent accounts. Without completing email verification, you won't be able to proceed with other account setup steps.

    • Step 3 - Activate your Account (KYC)

    Indian regulations require all crypto exchanges to verify user identities. You'll need to submit government-issued identification documents like your Aadhaar card, PAN card, or passport. Most exchanges also require a recent selfie for facial verification. This process helps prevent money laundering and ensures compliance with financial regulations. Verification times vary by platform, but most complete this step within a few hours.

    • Step 4 - Increase your Security

    Once verified, additional security measures will be immediately set up. 2FA adds a crucial second layer of protection by requiring a time-sensitive code along with your password. For maximum convenience and security, download the best app for crypto trading in India and enable biometric login features. These extra steps make unauthorized access significantly more difficult, even if your password is compromised.

    • Step 5 - Fund your Account

    With your secure, verified account ready, it's time to add funds. Most Indian exchanges offer multiple payment options, including Unified Payments Interface (UPI), Immediate Payment Service (IMPS), and bank transfers for depositing rupees. Alternatively, you can transfer existing cryptocurrencies from another wallet or exchange. Once your deposit is confirmed, you can begin trading. Just remember to start with smaller amounts until you're comfortable with the platform's features.

    If you don’t know how to deposit cryptocurrencies or fiat currencies, here are my guides on how to send crypto from wallet to wallet and how to buy crypto with a credit card.

    Crypto Taxes in India - How Much?

    Crypto taxes in India - Best Indian Crypto Exchanges Right Now
    Crypto taxes in India

    Understanding tax obligations for cryptocurrency transactions in India is crucial for all traders. The Indian government has established clearer tax guidelines for crypto activities in 2025.

    Income Tax on Crypto Profits

    The tax department classifies crypto gains as income, taxing profits at a flat 30% rate regardless of your income bracket. This applies to all forms of cryptocurrency gains, including trading, mining, and staking rewards. The tax calculation doesn't allow for offsetting losses against profits, which significantly impacts overall returns compared to other investment classes.

    TDS on Transactions

    Beyond the income tax, a 1% Tax Deducted at Source (TDS) applies to all crypto transactions above specific thresholds. This means the exchange has to deduct 1% from each qualifying transaction and remit it to the government on your behalf. The TDS acts as an advance tax payment and creates a transaction record for the tax department.

    Reporting Requirements

    You must report all crypto holdings and transactions in your annual income tax returns. The tax forms now include specific sections for cryptocurrency declaration. Failure to report can result in penalties starting at ₹10,000 and potentially much higher based on the value involved.

    Here’s a tax calculation example:

    • Purchase: 1 BTC for ₹30,00,000
    • Sale: 1 BTC for ₹35,00,000
    • Profit: ₹5,00,000
    • Tax payable: ₹1,50,000 (30% of profit)
    • No deduction available for transaction fees or other expenses

    And here are a few more important considerations:

    • Each trade between cryptocurrencies is considered a taxable event
    • Gifts received in cryptocurrency are also subject to taxation
    • Moving crypto between your wallets is not taxable, but it must be documented
    • Maintaining detailed transaction records is essential for accurate tax reporting

    You can always work with a tax professional familiar with crypto regulations to ensure compliance, as the rules continue to evolve with this relatively new asset class.

    How to File Taxes on Crypto in India

    How to file taxes in crypto in India
    How to file taxes in crypto in India

    Filing taxes on your cryptocurrency transactions doesn't have to be overwhelming. Here's a simplified approach to help you properly report your crypto activity to the Indian tax authorities.

    • Step 1: Track All Transactions

    Keep detailed records of every crypto transaction you make throughout the financial year. Include purchase dates, selling dates, amounts, and the INR value at the time of each transaction. Most exchanges offer downloadable transaction histories that can serve as your starting point.

    • Step 2: Calculate Your Gains

    Determine your total profit or loss from crypto transactions. Remember that each crypto-to-crypto trade is considered a separate taxable event. The calculation formula is simple: selling price - purchase price = profit/loss

    Remember that losses cannot offset profits for crypto tax purposes in India.

    • Step 3: Compute Tax Liability

    Apply the 30% tax rate to your total profits. For example, if you made ₹1,00,000 in crypto profits, your tax liability would be ₹30,000. Don't forget to account for the 1% TDS that may have already been deducted from your transactions.

    • Step 4: Complete the Right Forms

    When filing your Income Tax Return (ITR), use the appropriate form based on your income sources. Most individual crypto investors will use ITR-2. Look for the "Income from Other Sources" section to report your crypto gains.

    • Step 5: Detail Your Crypto Holdings

    In the Schedule of Assets section of your tax return, list all cryptocurrencies you hold as of the end of the financial year, along with their rupee value on that date.

    • Step 6: Submit and Pay

    File your return before the deadline (typically July 31 for most individuals) and pay any taxes due. You can file online through the Income Tax Department's official portal.

    • Step 7: Keep Supporting Documents

    Maintain all supporting documentation, including exchange statements, wallet addresses, and calculation worksheets, for at least 7 years in case of any future tax inquiry.

    The Finance Bill 2025 introduces stricter reporting requirements for crypto transactions, making it obligatory to report them in tax returns starting from the financial year 2025-2026.

    If your crypto activity is complex or involves large sums, consider consulting with a tax professional who specializes in cryptocurrency taxation to ensure full compliance with current regulations.

    Final Tips

    When choosing the best crypto exchange in India, remember that your needs may change as you gain experience. You can start with a user-friendly platform like CoinSwitch or WazirX if you're new, then consider moving to more advanced options like CoinDCX or Binance as you grow.

    Many experienced traders actually maintain accounts on multiple exchanges to take advantage of different features and opportunities.

    Always prioritize security over slightly lower fees, especially when dealing with larger amounts. The best platform for crypto trading in India isn't necessarily the cheapest, but the one that protects your assets most effectively.

    Consider using the best cryptocurrency trading app in India that offers biometric security and instant notifications for any account activity. Finally, stay informed about regulatory changes, as the cryptocurrency trading platforms in India will continue to evolve with new compliance requirements in the upcoming years.

    Frequently Asked Questions

    Is crypto trading legal in India?

    Crypto trading is legal in India. The government has established tax regulations for crypto profits, indicating its recognition of the activity. However, cryptocurrencies aren’t legal tender. The regulatory framework continues to develop, with exchanges now required to register with financial authorities and implement KYC procedures.

    Can I buy crypto in India?

    You can purchase cryptocurrencies through various licensed exchanges operating in India. These platforms support INR deposits via UPI, net banking, and other local payment methods. The process typically involves creating an account, completing KYC verification, adding funds, and then getting your chosen cryptocurrencies.

    Is Binance legal in India?

    Binance is legal in India. It has registered with the Financial Intelligence Unit-India (FIU-IND) as a reporting entity, complying with local regulations including AML rules. Indian users can access its services, though some banking restrictions may affect INR deposits. Keep in mind that tax reporting requirements still apply when using global exchanges.

    Which is the safest crypto exchange in India?

    No single exchange can claim complete safety, but platforms like CoinDCX, WazirX, and CoinSwitch have established strong security records. The safest options typically feature robust 2FA, majority cold storage, regular security audits, insurance coverage, and proper regulatory compliance. Always research current security practices before choosing an exchange.

    Best Indian Crypto Exchanges Right Now
    Best Indian Crypto Exchanges Right Now

    Kenny Folorunso is an experienced Crypto Analyst and Web3 Researcher with over 7 years in the cryptocurrency industry. Known for her sharp market insights and clear, compelling writing, she specializes in blockchain trends, decentralized finance (DeFi), and digital asset analysis.

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    With a Master’s Degree in Management, Folorunso brings a unique blend of strategic thinking and technical fluency to her work. She has contributed to a range of crypto publications, providing data-driven commentary on Bitcoin, altcoins, token ecosystems, and evolving regulatory frameworks. Her work helps readers—from beginners to professionals—understand the fast-moving world of crypto with confidence.

    Throughout her career, she has worked across research, education, and digital content strategy, always with a focus on clarity, credibility, and community impact. She is also a vocal advocate for blockchain adoption and financial inclusion worldwide.

    Folorunso is open to interviews, expert panels, and collaborative content. She is actively engaged in several blockchain communities and contributes regularly to discussions on the future of decentralized technology.Read less