Best Crypto Exchanges in India of 2026
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This guide compares Binance, Bitbns, Coinbase, CoinDCX, CoinSwitch, and WazirX on fees, INR deposits, security record, and custody.
Bitbns, WazirX, and CoinDCX have each reported thefts, and FIU-IND registration is not a licence, so no exchange is risk-free.
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Best cryptocurrency exchange in India
The table below compares six crypto exchanges available to users in India on trading fees, payment methods, and INR deposits and withdrawals. Rates and details change, so check each platform for current information.
Exchange | Key Features | Trading Fees | Payment Methods | INR Deposits & Withdrawals | Recommended For |
WazirX | Spot, USDT P2P, and futures; lost over $230M in a July 2024 hack and reopened in October 2025 | WazirX ZERO: Rs 99 a month plus taxes for zero trading fees. Pay Per Trade: 0.10% to 0.40% on INR pairs | IMPS, NEFT, RTGS | INR deposits by IMPS, NEFT or RTGS; UPI deposits fail | Traders who accept the 2024 hack history |
CoinDCX | Spot and INR-margin futures; lost about $44M from an operational account in July 2025 | INR spot from 0.50%, lower at higher 30-day volume; futures from 0.02% maker, 0.05% taker | Bank Transfer, UPI, IMPS | Crypto withdrawal fees vary by token | Futures traders who accept the 2025 incident history |
Bitbns | Spot trading; reported a hot-wallet compromise in February 2022; repeated INR withdrawal delays | 0.25% maker/taker, lower for BNS holders (from 0.1875%) | UPI, IMPS, NEFT, RTGS | Rs 100 minimum deposit; check withdrawal status before depositing | Spot traders who want BNS fee discounts |
CoinSwitch | Custodial: holds your crypto in wallets it controls | CoinSwitch Pro spot: 0% maker, 0.1% taker; the main app may add a spread | UPI, IMPS, NEFT | Mobile apps and a web platform (CoinSwitch Pro) | Newcomers who want a simple app |
Binance | Global exchange; blocked in India in January 2024, returned after registering with FIU-IND | 0.1% maker/taker; 0.075% when paying fees in BNB | P2P (UPI or bank transfer, set by each seller) | No direct INR deposit; INR goes through P2P | Users who already hold crypto and accept P2P risks |
Coinbase | Global exchange with INR order books, spot, and perpetual futures; FIU-IND registered | Advanced Trade fees set by 30-day volume; Simple Trade may include a spread | IMPS | Direct INR deposits and withdrawals by IMPS; no INR deposit fee | Traders who want direct INR access on a global exchange |
Best crypto exchanges in India reviewed
Binance is a global exchange that Indian users reach through its website and app. FIU-IND issued Binance a show-cause notice on December 28, 2023, and the site and app were blocked in India in January 2024. By order dated June 19, 2024, FIU-IND fined Binance Rs 18.82 crore for not meeting its obligations as a reporting entity. Binance then registered with FIU-IND and returned to India in 2024. The registered entity is Nest Services Limited, a Seychelles company. Registration is an anti-money-laundering requirement and not a licence from an Indian financial regulator. Rules for Indian users can change.
Binance FAQs
What are Binance's trading fees?
Standard spot fees are 0.1% for makers and takers. Paying fees in BNB takes 25% off, which lowers the rate to 0.075%, once you switch on the BNB fee option. Check the fee page in your account for your tier.
Can I deposit INR on Binance?
Not directly. Indian users buy crypto from other users on Binance P2P and pay by UPI or bank transfer. P2P carries counterparty risk, including bank account freezes after a sale. Section 393 of the Income-tax Act, 2025 makes the person paying for a virtual digital asset responsible for 1% TDS, which can apply to P2P buyers above the thresholds in section 393(4).
What security features does Binance offer?
Binance supports two-factor authentication (2FA) and keeps a portion of user funds in cold storage. It also runs SAFU, an emergency fund that Binance pays into itself to cover some user losses. SAFU is not insurance.
Bitbns is an Indian exchange. Its default spot fee is 0.25% for makers and takers, and holders of BNS tokens who switch on Pay with BNS pay less, starting at 0.1875%. On February 1, 2022, part of Bitbns's funds were compromised. At the time, Bitbns described the outage as system maintenance. Its founder acknowledged the compromise in March 2023, after crypto investigator ZachXBT put the customer loss at about $7.5 million. Bitbns users have also reported long INR withdrawal delays. Bitbns's CEO has said law enforcement blocked the exchange's bank accounts over cybercrime complaints, which slowed withdrawals. In June 2023, some users saw their balances show as zero, and Bitbns paused trading, deposits, and withdrawals for maintenance.
Bitbns FAQs
What trading fees does Bitbns charge?
Bitbns charges 0.25% for makers and takers by default. BNS holders who switch on Pay with BNS get discounts that start at 0.1875% and depend on BNS balance and 30-day volume.
Can I deposit INR on Bitbns?
Bitbns lists UPI, IMPS, NEFT, and RTGS for INR deposits, with a Rs 100 minimum. You must pay from a bank account or UPI ID in the name on your KYC. Check the deposit page for current fees, and confirm that INR and crypto withdrawals are working before you deposit.
Does Bitbns offer staking?
Bitbns has offered staking and fixed-term earn products, which it calls Fixed Income Plans (FIPs). Product names and availability change, so check the earn section of the app.
Coinbase is a global exchange listed on Nasdaq. It registered with FIU-IND in March 2025, and on June 1, 2026 it turned on direct INR deposits and withdrawals by IMPS. Coinbase is rolling INR access out to existing users in stages. Indian users can trade spot on INR order books through Simple Trade and Advanced Trade, and eligible users can trade perpetual futures. Coinbase does not support UPI in India. Its 2022 India launch used UPI, and Coinbase suspended it within days. Coinbase is also an investor in CoinDCX.
Coinbase FAQs
Can I deposit INR on Coinbase?
Yes. Coinbase supports INR deposits and withdrawals by IMPS and says it charges no INR deposit fee. INR access is rolling out gradually, so check whether your account has it before you plan around it.
What fees does Coinbase charge in India?
Advanced Trade charges maker and taker fees set by your 30-day trading volume. Simple Trade prices can include a spread, so check the fee breakdown before you confirm a trade.
Is Coinbase registered with FIU-IND?
Yes. Coinbase registered with FIU-IND as a reporting entity in March 2025. Registration covers anti-money-laundering reporting and is not a licence.
CoinDCX is an Indian exchange that offers spot trading and INR-margin futures. On July 19, 2025, attackers took about $44 million from an internal operational account that CoinDCX used for liquidity on a partner exchange. CoinDCX said customer wallets were not affected, that customer assets sit in separate cold wallets, and that it paid the loss from its own treasury. The company also publishes educational material for traders.
CoinDCX FAQs
What are the trading fees on CoinDCX?
Fees depend on the market and your 30-day trading volume. INR spot trades start at 0.50% for accounts with under Rs 2 lakh of 30-day INR spot volume, and the rate drops at higher tiers. Crypto-to-crypto spot trades cost 0.17%, and futures start at 0.02% maker and 0.05% taker. Crypto withdrawal fees vary by token, so check the BTC fee on CoinDCX's withdrawal fee page before you withdraw.
Does CoinDCX support advanced trading features?
CoinDCX says futures leverage goes up to 100x on supported markets, and the cap differs by pair. In July 2025 it delisted more than 50 margin pairs, including BTC and ETH. Check the app for the margin pairs and limits that are live. Leverage magnifies losses, and a small price move can liquidate a position.
Is CoinDCX safe?
CoinDCX uses cold storage and two-factor authentication (2FA), and it lost about $44 million from an operational account in July 2025. The company said customer funds were unaffected and that it covered the loss from its own treasury. CoinDCX has described a company-funded investor protection fund. That fund is not insurance on your account. No exchange is risk-free.
CoinSwitch is a custodial platform. It holds your crypto in wallets it controls, and you do not hold the private keys. Its proof-of-reserves report with a May 6, 2025 cut-off says over 95% of crypto sits in its own custodial wallets and exchange, and under 5% on partner exchanges. CoinSwitch has mobile apps and a web platform, CoinSwitch Pro. Pro lists spot fees of 0% for makers and 0.1% for takers, and the main app may build a spread into the price you see.
CoinSwitch FAQs
What fees does CoinSwitch charge?
CoinSwitch Pro lists spot fees of 0% for makers and 0.1% for takers. In the main app, a spread can sit inside the price, and CoinSwitch's own fee guide says spreads, slippage, and network fees come on top of quoted fees. Compare the quoted price with the market price before you confirm.
Is CoinSwitch beginner-friendly?
CoinSwitch targets first-time buyers, and its Google Play listing says you can start with Rs 100. It is custodial, so read the custody note above first.
Does CoinSwitch provide a mobile app?
Yes. CoinSwitch has apps for iOS and Android. It also has a web platform, CoinSwitch Pro, at pro.coinswitch.co.
WazirX is an Indian exchange. On July 18, 2024, attackers took over $230 million from a WazirX multisig wallet that used Liminal's wallet services, according to WazirX's preliminary report. Elliptic told TechCrunch that the attackers had links to North Korea. WazirX stayed closed for more than a year while a restructuring ran in Singapore. The Singapore High Court sanctioned the scheme proposed by Zettai Pte Ltd on October 13, 2025, and WazirX reopened on October 24, 2025. Within 10 business days of reopening, eligible users received about 85% of their approved claims. The rest was issued as Recovery Tokens, which were not tradable as of January 2026 and depend on future recoveries. WazirX says it now uses BitGo for custody. The platform offers spot trading, USDT P2P, and futures.
WazirX FAQs
What trading fees does WazirX charge?
WazirX offers two plans. WazirX ZERO costs Rs 99 a month plus taxes and charges no trading fee. Pay Per Trade charges 0.10% to 0.40% on INR pairs, set by your 30-day INR volume and your WRX holdings, with GST extra. WazirX's December 2025 fee post said USDT-market trades carried no fee at that time. WazirX's 2022 P2P guide called P2P free, so check the P2P screen for current fees.
What are the deposit options for INR on WazirX?
Deposit INR by IMPS, NEFT, or RTGS to the bank details WazirX shows you. UPI deposits fail and are refunded in 5 to 7 banking days. WazirX's help pages say crypto withdrawals and P2P switch off after your first successful instant bank transfer deposit. Check the deposit screen for current fees.
Does WazirX support staking?
WazirX's founder wrote on March 8, 2026 that the company plans to introduce staking over time. Check the app to see whether staking is live for your account.
Different types of exchanges in India
India's crypto ecosystem features several types of exchanges, each with unique advantages and drawbacks:
Centralized Exchanges (CEX)
Platforms like WazirX, CoinDCX, Binance, and Coinbase act as intermediaries and hold user funds in custodial wallets, so you depend on the company's security and solvency.
They offer limit orders and futures. Exchanges registered with FIU-IND run KYC checks, and Indian exchanges such as Bitbns ask for PAN, Aadhaar, and bank details.
Decentralized Exchanges (DEX)
Operate through smart contracts on a blockchain, with no central company holding your funds.
Users keep their private keys. Many DEXes do not collect KYC and do not send you tax records, but Indian tax rules still apply to your sales, so keep your own records.
Commonly built on blockchains like Ethereum.
Hybrid Exchanges (HEX)
Combine elements of centralized and decentralized models.
Some match orders off-chain and let you keep your keys, and others add custody. Terms differ by platform, so read how each one holds your funds.
How to choose a crypto exchange in India
When you're selecting a crypto exchange, weigh the following factors:
Security
Look for platforms that implement two-factor authentication, cold storage, and regular security audits. Check each exchange's incident history. Bitbns (February 2022), WazirX (July 2024), and CoinDCX (July 2025) have each reported thefts. Also check whether the exchange is registered with FIU-IND. Registration covers anti-money-laundering reporting and is not a licence.
Ask whether the exchange has insurance or a reserve fund, and read what it covers. A fund the company pays into itself is not insurance on your account.
Fees
Compare trading, deposit, and withdrawal fees across exchanges.
Some offer tiered fee models based on monthly volume or reduced fees for native token holders.
Liquidity
Higher liquidity on an exchange reduces the risk of slippage.
This ensures quick execution at the expected price.
Customer Support
Responsive customer service is vital if you encounter technical issues or disputes.
Check user reviews to see how efficiently the exchange handles support tickets.
Range of Coins
Ensure your preferred exchange lists the cryptocurrencies you want to trade or invest in.
User Experience
Newer traders often benefit from user-friendly platforms with straightforward interfaces.
More advanced users may need margin trading, futures, and in-depth charting tools.
Which India crypto exchange has the lowest fees?
Fees vary by plan and volume. Standard spot fees are 0.1% at Binance (0.075% when paying in BNB), 0.25% at Bitbns (lower for BNS holders), and 0% maker and 0.1% taker on CoinSwitch Pro. WazirX charges Rs 99 a month for zero trading fees or 0.10% to 0.40% per trade. CoinDCX's INR spot fees start at 0.50% and drop with 30-day volume, and Coinbase Advanced Trade fees are also set by volume. GST and network fees are extra.
CoinSwitch's main app can build a spread into the price, so compare the quoted price with the market price before you confirm.
What is the best crypto exchange in India for beginners?
CoinSwitch targets first-time buyers, with apps for iOS and Android and a Rs 100 starting amount per its Google Play listing. It is custodial, so it holds your crypto.
WazirX offers USDT P2P and INR bank deposits by IMPS, NEFT, or RTGS. It lost over $230 million in a July 2024 hack and reopened in October 2025, and part of users' balances became Recovery Tokens.
How to report and pay taxes on cryptocurrency in India
India taxes crypto as a virtual digital asset (VDA). The rules below cover sales through March 31, 2026 under section 115BBH of the Income-tax Act, 1961, and sales from April 1, 2026 under section 194 of the Income-tax Act, 2025. Union Budget 2026 left the 30% rate, the 1% TDS, and the loss rules as they were.
Maintain Accurate Records: Keep track of all trades, including dates, amounts, and INR values at the time of transactions.
Know the flat rate
Gains from the transfer of a VDA are taxed at a flat 30%, plus applicable surcharge and cess. There is no short-term or long-term split and no lower rate for holding longer.
Mining, staking rewards, and airdrops may be taxed when you receive them, and a later sale is taxed under the VDA rules. The CBDT has not issued detailed guidance on these cases, so ask a tax professional.
Calculate Gains: Subtract your cost of acquisition from the sale price. Only the cost of acquisition is deductible. Exchange fees, GST on fees, gas, and other costs are not. A loss on one VDA cannot be set off against a gain on another VDA or against any other income, and it cannot be carried forward.
Report in Schedule VDA: Enter each sale in Schedule VDA of your return. Most individuals use ITR-2 or ITR-3. For each transfer you list the acquisition date, transfer date, cost, and sale consideration. Sales through March 31, 2026 go in the return for assessment year 2026-27. Later sales fall under the Income-tax Act, 2025, which uses the term tax year.
TDS: A 1% tax is deducted at source on the consideration paid for a VDA transfer. It is section 194S through March 31, 2026, and section 393 of the 2025 Act from April 1, 2026. TDS counts as a credit against your final tax, and you still compute the 30% tax on the gain.
GST: Exchanges add GST to their fees. WazirX's fee table, for example, says GST is extra.
Platform reporting: Crypto platforms file statements of user transactions with the Income Tax Department. Check that your Schedule VDA matches your platform statements.
Professional Guidance: If you're unsure about your tax obligations, consult a crypto tax professional to avoid errors and potential penalties. For a full walkthrough, read Crypto Tax in India: The Ultimate Guide for 2026.
Methodology
Best crypto exchange India FAQs
How do India crypto exchanges work?
Which India crypto exchange is the safest?
What are the largest crypto exchanges in India?
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