India’s crypto market has shown remarkable resilience, with growth continuing despite regulatory uncertainty and a tax regime many consider punitive. While major economies work to integrate crypto into their financial systems, India’s regulatory establishment seems intent on testing how much friction an industry can take before it stalls. Yet, against all odds, the country remains home to one of the world’s largest crypto user bases — proof that demand often moves faster than policy. If you are in India and want a bite of the crypto pie — despite the headwinds — here’s our list of the top trading platforms in 2025.
KEY TAKEAWAYS ➤ India’s crypto market keeps growing despite high taxes, regulatory hurdles, and other challenges. ➤ Security, compliance, fees, INR support, and ease of use are key aspects to consider when choosing a crypto trading platform. ➤ Local platforms like CoinDCX and CoinSwitch offer easy interfaces, INR support, and strong compliance — ideal for new crypto users. ➤ Major global exchanges like Binance and Kraken offer advanced tools, deep liquidity, and tiered fees suitable for traders.
CoinDCX supports a broad range of over 400 digital assets and serves a user base of more than 10 million. It offers spot, margin (up to 6x), and futures trading (up to 100x) for both entry-level and professional traders.
The platform supports the Indian rupee (INR) for trading, deposits, and withdrawals, with no INR transfer fees. Spot trading fees range from 0.50% to 0.03%, while crypto-to-crypto pairs carry a flat 0.17% fee.
You can access lending, staking, tax reports, VIP services, and self-custody wallets. The interface is beginner-friendly, with advanced features like charting and order management for pros.
CoinDCX has ISO/IEC 27001:2022 certification, cold wallet storage, and biometric onboarding. It is Financial Intelligence Unit (FIU)-compliant and operates under Indian AML laws.
Despite strong reviews, however, some users have flagged high network fees, slow customer support, and mobile app lag. Another bone of contention is that as of press time, crypto withdrawals are technically possible but require opt-in and may be restricted, reviewed, or blocked entirely based on internal checks. This inconsistent policy has raised concerns among users.
Despite these limitations, CoinDCX remains one of the most secure, transparent, and widely used exchanges in the country.
CoinSwitch is another popular crypto platform based in Bengaluru with over 20 million users across India. The platform’s mobile-first approach is a primary reason behind its growing popularity among younger generations.
It supports INR trading with 250+ digital assets and uses an aggregator model to pull rates from multiple exchanges. Spot trading fees range from 0.4% down to 0.04% for VIP users, while futures trading fees go as low as 0.024% (maker) and 0.065% (taker).
CoinSwitch PRO offers advanced tools, TradingView integration, and 450+ futures contracts with leverage up to 50x. The app’s design makes it ideal for beginners, while CoinSwitch PRO serves more experienced traders.
The platform claims to offer India’s lowest commissions and provides INR onboarding, API access, and a 30-day fee waiver for API users. CoinSwitch is FIU-registered and ISO 27001:2022 certified.
However, it does not support crypto withdrawals, which limits user control. Users have also flagged concerns about delistings and account updates.
ZebPay, launched in 2014 and relaunched in India in 2020. One of the oldest crypto exchanges in the country, it supports over 300 assets and has handled $10 billion+ in fiat volume.
You can trade in both INR and USDT pairs, use the “Quick Trade” feature for simplified transactions, or access OTC and API services for larger or high-frequency trades.
ZebPay offers CryptoPacks for diversified investments, a portfolio tracker, and free Bitcoin withdrawals for loyal users. Trading fees start at 0% for crypto-to-crypto and 0.5% for fiat pairs.
The platform prioritizes security, with 98% of assets stored in multi-sig cold wallets and additional protection through insurance and bug bounties. Its mobile-first interface balances ease of use with pro-level features, though some users dislike the Quick Trade update due to limited charting tools.
ZebPay remains one of the most recognizable names in India’s crypto scene and continues to offer 24/7 customer support.
Binance remains the world’s largest crypto exchange by volume, with over 240 million users globally. It supports 350+ cryptocurrencies and offers spot, margin, futures, and P2P trading, alongside NFT access and passive income products.
As an Indian user, you can buy Bitcoin and other assets with INR through its P2P platform. Trading fees are among the lowest in the industry, starting at 0.1% and dropping further with BNB usage or higher volumes.
Security includes a $1B SAFU fund and top-tier protocols, though past breaches have raised concerns.
Binance registered with India’s Financial Intelligence Unit (FIU-IND) in 2024 as a reporting entity. With this development, India became the 19th jurisdiction where it secured regulatory status.
Based on feedback online, the platform is generally praised mostly for its liquidity and features. At the same time, it also faces criticism for the relative complexity of the interface and slow support. Also, there is an alarming number of scam reports in the Binance India P2P market.
WazirX, launched in 2018, was once India’s largest crypto exchange by volume, with over 250 listed assets and 15 million+ users.
The platform suffered a major setback in July 2024, when it came under a massive cyberattack. The attack, linked to North Korea’s Lazarus Group, led to the loss of funds worth $230 million. Trading and withdrawals were suspended, and the company secured a restructuring moratorium from the Singapore High Court.
WazirX has since partnered with BitGo and Zodia Custody to improve fund security and aims to compensate affected users through a Scheme of Arrangement. This includes partial recovery in crypto and Recovery Tokens (RTs) linked to future platform performance.
INR deposits and withdrawals remain suspended, but WazirX continues to support P2P and crypto-to-crypto trading. The platform uses a tiered fee structure and previously offered UPI and IMPS support.
Despite its earlier reputation for ease of use, recent reviews highlight app crashes, poor performance, and fund access issues. WazirX remains FIU-registered and is actively working to rebuild trust.
We have included WazirX because it was once one of the best platforms available to traders in India. Should it recover from the breach and deliver on its restructuring promises, it may still be able to reclaim lost trust and restore the pre-hack status quo.
| Criteria | CoinDCX | CoinSwitch (Kuber) | ZebPay | Binance | WazirX |
| Ease of use | User-friendly | Very user-friendly | Very user-friendly | Mixed (web good, mobile can be complex for some beginners) | User-friendly (historically) |
| Customer support | 24/7 live chat | Email, ticket | In-app, help center | Mixed (can be slow at times) | 24/7 (claimed, poor recent reviews) |
| Trading fees | Competitive, tiered | Mixed (low on PRO/Futures, high on spot) | Competitive, free crypto-crypto & BTC | Very low | Competitive, WRX discounts |
| Security | Strong (2FA, cold storage, ISO) | Strong (FIU reg, ISO, non-custodial) | Strong (cold storage, multi-sig, insurance) | Strong (SAFU fund), past breaches | Poor (recent major hack, new partners) |
| Regulatory compliance | FIU compliant | FIU registered | FIU registered | FIU registered | FIU registered |
| Supported assets | 400+ | 250+ | 300+ | 350+ | 250+ |
| INR support | Yes (direct) | Yes (direct) | Yes (INR & USDT pairs) | Yes (via P2P only) | Currently suspended |
| Specific advantage for Indian users | Free INR deposits/withdrawals; tax reports | INR trading; aggregated rates | INR/USDT trading pairs; long operational history | Ultra-low trading fees | INR trading (currently suspended), low withdrawal fees |
➤ If you are new to crypto and/or trading: CoinSwitch and CoinDCX stand out for their easy-to-use mobile apps and INR trading support. Both offer simple onboarding, local deposit methods, and tools that help you get started without feeling overwhelmed.
➤ If you are more experienced: Binance and CoinDCX (Pro version) offer low fees, access to futures and margin trading, and advanced tools. However, Binance requires you to use P2P for INR and doesn’t deduct TDS automatically.
➤ If you trade in large volumes: Binance and CoinDCX Pro offer some of the most competitive tiered fee models. CoinDCX also provides VIP services and a dedicated OTC desk for high-value trades.
➤ If INR support is a must-have: CoinSwitch and CoinDCX are your best bets. They allow direct INR deposits and withdrawals with fast settlement and no hidden hoops.
➤ If security is your top concern: ZebPay, CoinDCX, and CoinSwitch follow strict compliance protocols and cold storage practices. CoinDCX and CoinSwitch are FIU-registered and ISO certified.
Broadly speaking, India continues to defy expectations as one of the world’s fastest-growing crypto markets.
Despite a steep 30% tax on crypto gains and a 1% TDS (tax deducted at source) on every trade, adoption has remained resilient.
According to a Chainalysis report, India ranked first in global crypto adoption for the second consecutive year as of July 2024 (the 2024-2025 data is not out yet, but we will keep you posted). The growth was driven by consistent usage of both centralized and decentralized platforms from June 2023 to July 2024.
That means, even with regulatory pressure and intermittent banking restrictions, Indian users remain active — often relying on platforms that were not explicitly banned.
Major global exchanges like Binance and KuCoin resumed operations in 2024 after registering with the FIU. This gave a somewhat optimistic (yet uncertain) outlook toward a gradual shift toward a more regulated environment.
Retail trades under $10,000 continue to dominate, which underlines broad-based participation across income levels. While the tax burden and regulatory uncertainty have slowed some activity, India’s massive, tech-savvy population keeps pushing forward. Crypto may not be easy in India, but it’s clearly not going away — not anytime soon, at least.
With so many top-tier crypto trading platforms now available in India, the smart move is to pick one that matches your preferences. If you prefer simplicity and direct INR support, consider going local. If you’re after advanced tools or more tokens, try exploring global platforms — just be mindful of regulatory limitations. Read the fine print, test the waters with small amounts, and never skip your own checks. As always, stay cautious — crypto is volatile, and no platform is risk-free.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Buying and trading crypto is high risk and you may lose money. If needed, consult a licensed financial advisor to assess your risk tolerance and investment goals. You are aware of and agree that BeInCrypto shall not be responsible for any loss that you suffer as a result of any financial transaction, regardless of whether or not you enter such transaction based in any way upon anything you learn from the website, newsletter and any other part of the service. BeInCrypto is not your financial advisor and when it comes to making financial decisions, you are on your own.
Yes, crypto trading is legal in India but not regulated as a financial product as of March 2025. The government treats it as a virtual digital asset under the Income Tax Act. You must pay taxes on profits and follow reporting requirements.
India imposes a flat 30% tax on gains from crypto transactions. Additionally, a 1% Tax Deducted at Source (TDS) applies to each trade above ₹10,000. The TDS must be reported when filing income tax returns. You cannot offset losses from one cryptocurrency against gains from another.
Leading Indian platforms use standard security features like 2FA, cold storage, and FIU registration. Some also offer ISO certifications and self-custody options. That said, personal (non-custodial) wallets remain the safer choice for long-term storage across all markets.
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