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.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
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
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.
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)
Prohibited in some countries, including the UK and USA
Operates in a regulatory grey area
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.
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
The registration process is not working correctly
No support for fiat currency purchases, deposits, or withdrawals
Limited variety of cryptocurrencies
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.
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
Some users report slow or unhelpful customer support
Occasional withdrawal delays
Limited educational resources for beginners
No managed investment programs
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
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.
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
Doesn't support INR or local payment methods
No INR-denominated trading pairs
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.
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
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
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
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.
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
Higher fees for credit card purchases
BitPanda Card is limited to euro area residents
Limited advanced trading features
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.
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
Exchange fees can be relatively high
Limited staking options compared to competitors
No desktop or browser extension support
Not fully open source
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.
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
No support for INR
Zero local payment options
Our recommendations reflect thorough research, industry expertise, and collected feedback from active crypto traders across India to deliver correct and current information for 2025.
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 |
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:
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.
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:
Exchanges operating legally in India have to follow these requirements, which protect you from potential legal issues and increase the safety of your funds.
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:
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.
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:
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.
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:
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.
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 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.
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:
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.
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:
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.
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:
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.
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:
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.
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:
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.
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:
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.
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:
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.
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.
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.
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.
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.
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.
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.
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.
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:
And here are a few more important considerations:
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.