Crypto exchanges are online platforms where users can buy, sell, and trade cryptocurrencies. They act as a middleman between buyers and sellers, allowing users to exchange their fiat currency (e.g. USD) for digital assets (e.g. Bitcoin). They also provide a range of services such as margin trading, derivatives trading, and staking. Crypto exchanges and crypto wallets are two different types of services. Crypto wallets are digital wallets that store users’ private keys and public addresses, allowing them to securely store, send, and receive digital assets.

Top 5 crypto exchanges in India

WazirX:

WazirX is one of the largest crypto exchange platforms in India. It started in 2018 and since then has been serving its users in over 180+ countries. It has around 6 million registered users. You can exchange a number of cryptocurrencies through it such as Bitcoin, Etharium, Ripple, Litecoin etc.

List of the features and benefits of using WazirX

• WazirX allows users to buy and sell cryptocurrencies whenever they want.
• P2P Services: WazirX provides a secure and reliable platform for peer-to-peer (P2P) trading, allowing users to buy and sell cryptocurrencies directly with each other.
• Security: WazirX uses advanced security measures such as two-factor authentication and cold storage to protect user funds.
• User-Friendly Interface: WazirX has a simple and intuitive interface that makes it easy for users by providing smooth navigation support through multilingual support.
• Support: WazirX provides 24/7 customer support to help users with any issues they may have.

CoinDCX:

CoinDCX is another widely used crypto exchange platform with an active user base of around 13 million users across India. The accumulated trading value is as high as INR 80,000 cr. It offers more than 200+ types of crypto exchange. The immense popularity and success of this app is because of its excellent features.

List of the features and benefits of using CoinDCX

• CoinDCX allows users to buy and sell cryptocurrencies instantly at the best available prices.
• The investment can be started from as low as INR 100.
• Derivatives Trading: CoinDCX provides a secure and reliable platform for derivatives trading, allowing users to trade futures and options contracts.
• Security: CoinDCX uses advanced security measures such as multi layer authentication and multi-sig cold storage to protect user funds.
• User-Friendly Interface: CoinDCX has a simple and intuitive interface that makes it easy for users to buy, sell, and trade cryptocurrencies.
• Support: CoinDCX provides 24/7 customer support to help users with any issues they may have.

Bitbns:

Bitbns is a crypto exchange app under the Buyhatke internet Private Limited. There are more than 391 cryptocurrencies registered for exchange on this app. The parent company of Bitbns planned on starting a cryptocurrency exchange platform in late 2017 so it launched Bitbns in 14th december 2017 to serve millions of users.

List of the features and benefits of using Bitbns:

• Bitbns allows users to buy and sell cryptocurrencies anytime anywhere.
• P2P Services: Bitbns provides a secure and reliable platform for peer-to-peer (P2P) trading, allowing users to buy and sell cryptocurrencies directly with each other.
• The trading methods are extremely fast and the deposits can be made instantly specially for bitcoin.
• Security: Bitbns uses advanced security measures such as two-factor authentication and cold storage to protect user funds.
• Support: Bitbns provides 24/7 customer support to help users through telegram chat support.

Zebpay:

Zebpay is an active crypto exchange platform since July 2015 with a current user base of over 5 million. Although Zebpay was launched in 2014 but back then it was just a crypto wallet later it launched as an app for crypto exchange and widened its services. At present this exchange holds fiat transactions of over $10 billion.

List the features and benefits of using Zebpay

• Using Zebpay customers can purchase and sell crypto anytime they want instantly.
• Margin Trading: Zebpay offers margin trading with up to 4x leverage, allowing users to increase their profits by taking larger positions with less capital.
• P2P Services: Zebpay provides a secure and reliable platform for peer-to-peer (P2P) trading, allowing users to buy and sell cryptocurrencies directly with each other.
• Security: Zebpay uses advanced security measures such as two-factor authentication and cold storage to protect user funds.
• User-Friendly Interface: Zebpay focuses on easy customer experience. It has a simple and easy to navigate UI that makes trading easier for its customers.
• Support: Zebpay provides 24/7 customer support to help users with any issues they may have.

CoinSwitch:

CoinSwitch is currently the largest crypto exchange platform in India with an active user base of 18 million users. The company started back in 2017 has surely come a long way. This exchange is supported by some of the world’s biggest investors such as a16z, Tiger Global and Sequoia Capital. It is an Indian built crypto exchange platform.

List of the features and benefits of using CoinSwitch

• CoinSwitch enables its users to buy and sell cryptocurrencies of a wide range instantly.
• Margin Trading: CoinSwitch offers margin trading with up to 10x leverage, allowing users to increase their profits by taking larger positions with less capital.
• Derivatives Trading: CoinSwitch provides a secure and reliable platform for derivatives trading, allowing users to trade futures and options contracts.
• Security: CoinSwitch uses advanced security measures such as two-factor authentication and cold storage to protect user funds.
• User-Friendly Interface: CoinSwitch has a simple and intuitive interface that makes it easy for users to buy, sell, and trade cryptocurrencies.
• Low Fees: CoinSwitch charges low trading fees, making it an affordable option for traders.
• Support: CoinSwitch provides 24/7 customer support to help users with any issues they may have.

These were the top crypto exchange platforms in India. They provide a number of features and attractive benefits to its users but even after being such an advanced exchange platform they do not make your investments safe, it is upon you to conduct your research thoroughly and invest accordingly.

Mahak Arora

Hey! I am a content writer wiling to research, learn and write about something new everyday.