Top 9 Crypto Exchanges in India, Safest Crypto Exchanges in India. | BinanX News

Looking for the best and safest crypto exchanges in India? We’ve got you covered. In this article, we will explore the top Indian crypto exchanges to consider in 2024.

Best Indian Crypto Exchanges in 2024

With numerous crypto exchanges in India, it can be difficult to find the right one. We have compiled a list of the best crypto exchange options in India based on security, minimum deposit sizes, coin diversity, mobile app availability, number of users, and unique features. Choosing the best crypto exchange in India involves personal preferences, so thorough research is crucial.

Key factors when choosing a crypto exchange

Finding a low-cost and secure crypto exchange in India can be overwhelming. Our list aims to simplify this process by highlighting some of the best options. Remember, choosing the best cryptocurrency app in India requires careful consideration of your needs.

Top Indian Crypto Exchanges

WazirX, one of the largest crypto exchanges in India, was launched in 2018 and is a part of the Binance group. With 6 million users and $5.4 billion traded monthly, WazirX is a reputable platform. It supports over 250 cryptocurrencies and has a mobile app available for iOS and Android.

Security: WazirX employs 2FA, OTP, a bug bounty program and regular security audits. It has not been hacked, although individual accounts have been compromised through phishing.

Fee: Trading fees range from 0.10% to 0.40%, depending on 30-day trading volume and WRX holdings. INR deposits, withdrawals and trading pairs are currently suspended due to regulatory uncertainties.

KYC: Required with a PAN card for verification.

CoinDCX

Launched in 2018, CoinDCX has over 10 million users and offers spot, margin and futures trading. They also provide income earning opportunities through loans and gambling and have a comprehensive learning program.

Security: CoinDCX operates according to four security principles and stores 95% of funds in multi-signature cold wallets. Only 5% of assets are held in active wallets, secured by BitGo.

Fee: Trading fees range from 0.04% to 0.5% depending on 30-day trading volume.

KYC: Required with a PAN card.

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Bitbns

Founded in 2017, Bitbns is an easy-to-use platform that supports a wide variety of cryptocurrencies. With over 4 million users, it is one of the leading exchanges by trading volume in India.

Security: Bitbns employs 2FA and offers Google authentication. It suffered a small hack in early 2022.

Fee: Trading fees range from 0.25% to 0.03%, with discounts for BNS holders.

KYC: Required for trust transactions.

mudrex

Mudrex is an investment app that simplifies cryptocurrency investments for Indian users. Offers coin and vault games for passive income.

Security: In partnership with Binance Institutional Custody, Mudrex has a $100 million insurance fund and a $1 billion SAFU fund.

Fee: Charge 0.2% per transaction.

KYC: Mandatory for all users.

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Coin exchange

Launched in 2017 and headquartered in Bengaluru, CoinSwitch is an app-only exchange with over 10 million downloads. It connects traders with various exchanges to find the best rates.

Security: CoinSwitch is ISO 270001 and SOC2 Type 2 certified, with 2FA and OTP.

Fee: Varies depending on the exchange used.

KYC: Mandatory.

ZebPay

ZebPay, relaunched in India in 2020, offers a range of services including OTC lending and trading. With 5 million users and over $10 billion traded in fiat, ZebPay is a prominent exchange.

Security: Uses the proprietary Omnitrixx security protocol, with 98% of assets in cold storage.

Fee: 0% for crypto-crypto operations, 0.5% for crypto-fiat operations.

KYC: Required.

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Paxful

Paxful, a global digital wallet and marketplace, allows users to buy and sell cryptocurrencies. They focus on educational initiatives such as La Casa Del Bitcoin in El Salvador.

Security– Partners with iProov for biometric authentication and offers 2FA and OTP.

Fee: 1% fee for sellers.

KYC: Required.

Binance India

Binance India, part of the Binance global exchange, offers a wide range of products and services. With over 500 cryptocurrencies and 28 million users, Binance is the largest exchange in the world.

Security: Includes 2FA, cold storage for most assets, and real-time monitoring.

Fee: Maker and taker fees based on monthly trading volume.

KYC: Required.

Unicoin

Founded in 2013, Unocoin is one of the oldest crypto exchanges in India. It offers systematic buying, automatic selling and OTC trading plans.

Security: Uses AES-256 encryption and 2FA.

Fee: 0.5% commercial commission.

KYC: Required.

How to choose a crypto exchange

When selecting a crypto exchange, consider the following:

• Security: Make sure the exchange has strong security measures.
• Reputation: Opt for exchanges with a solid track record.
• Available cryptocurrencies– Make sure the exchange supports the coins you want to trade.

Choosing the right crypto exchange in India requires careful consideration of several factors. Use this guide to find the best platform for your needs and start your crypto journey with confidence.

Disclaimer

Our website does not promote gambling, illegal activities or the dissemination of false information. We urge you to double-check any information provided before making any decisions. Additionally, we do not endorse any activity that could be considered illegal within the cryptocurrency space, including, but not limited to, fraud, money laundering, or any other illicit activity. Always conduct thorough research and consult with a professional before making any financial or investment decisions.