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Best Cryptocurrency Exchanges In India [Updated 2018]

Buy & Sell Bitcoin, Ethereum And More For Rupees

Cryptocurrency Exchanges are places where you can trade (buy, sell) cryptocurrencies. You can use fiat currencies like Rupees to place a buy or sell order. Exchange requires that you verify your ID and open an account subject to their terms and conditions. Choose one or more of the best cryptocurrency exchanges in India to sever your diverse needs.

  • Note that the price for Cryptocurrencies like Bitcoin has a premium in India.
  • Once you have cryptocurrencies, you can transfer them to global exchanges and trade.
  • You can also use services like Shapeshift, coinswitch, and Changelly to instantly exchange among different cryptocurrencies.

The list of best Cryptocurrency Exchanges in India takes these factors into consideration:

  • Reputation
  • Payment Methods
  • Cryptocurrency Offered
  • Transaction Fees
  • Verification Time and Requirements

What are Cryptocurrencies?

Understanding How Bitcoin Works

Cryptocurrency deposits take some time to be certified as confirmed. Block confirmations and network congestion requirements vary form cryptocurrency to cryptocurrency. The minimum block confirmations for deposits of different cryptocurrencies are:

  • Bitcoin (6 block confirmations)
  • Litecoin (6 block confirmations)
  • Ethereum (32 block confirmations)
  • Ripple (no block confirmations)
  • Bitcoin Cash (8 block confirmations)

Best Cryptocurrency Exchanges In India

1. Coinome

Coinome is a subsidiary of BillDesk. It is handled by a dedicated team who have been developing secure payment and banking solutions for nearly a decade. Offers secure, near real-time transactions. Features an open book order system where you can compare buy and sell orders before making your order. As a 24×7 exchange, it has 24/7 support and also a telegram group.

Link to Coinome 

ReputationNo Android App, User Rating 4.2/5
Payment Methods

Multiple Deposit Methods (IMPS/NEFT/RTGS)

Cryptocurrency OfferedBitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC)
Transaction Fees 0.1% maker and 0.3% takes fees

* All fee already included 18% GST

Verification Time and RequirementsFew minutes, Aadhar enabled verification.

2. KoinOk

A new exchange launched in February. It offers Etherreum and Ripple trading exclusively with more coins coming soon. Verification is instant and the exchange promises a fast trading engine. The best thing about KoinOk is zero fees trades for the first month.

Koinok.com

Payment Methods

Multiple Deposit Methods (IMPS/NEFT/RTGS)

Cryptocurrency OfferedEthereum (ETH), Ripple (XRP)
 Fees0%
Verification Time and RequirementsFew Minutes

3. Koinex

Describes itself as India’s most advanced digital assets exchange. One of the first exchange to offer support to multiple cryptocurrencies on a single platform. It prides itself that the whole platform was built entirely from scratch. Aims to bring the magic of blockchain technology to India. Offers many security features and the user interface is good. Features an open book order system.

Link to Koinex 

ReputationNo Android App, User Rating 4/5
Payment Methods

Multiple Deposit Methods (IMPS/NEFT/RTGS)

Cryptocurrency OfferedBitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP)
Transaction Fees
Executed in last 30 days (INR Equivalent)Seller FeesBuyer Fees
Rs.0 to Rs.25,00,0000.20%0.25%
Rs.25,00,001 to Rs. 1,00,00,0000.15%0.20%
Rs.1,00,00,001 and above0.10%0.15%
Verification Time and RequirementsFew hours, Copy of PAN card and Aadhar Card (UID)

4. Zebpay

One of the earliest exchanges in India. Offers an app to buy, store and use bitcoins.Has invested efforts to ensure a quick way to buy and sell bitcoins in India. Uses multi-sig wallets for enhanced security.

Link to Zebpay

ReputationAndroid App Rating 4.1 /5
Payment MethodsRTGS / NEFT or IMPS
Cryptocurrency OfferedBitcoin (BTC)
Transaction FeesNo fees when buying BTC
Verification Time and RequirementsFew hours, Copy of PAN card and Address proof

5. Unocoin

Unocoin is one of India’s leading bitcoin company. It enables for one to buy, sell, store, use and accept bitcoin. So, it is a wallet and an exchange. And also a payment interface.

Note that no miners fee is required when you buy bitcoins and opt to receive an external bitcoin address as opposed to your Unocoin wallet.

Unocoin offers merchant gateway services. It makes it easy for businesses, e-commerce shops, and freelancers to accept bitcoin. A simple and instant way to pay for the products and services. With 0% Fees and no chargebacks, it makes a very good proposition.

Link to Unocoin

ReputationAndroid App Rating 3.9/5
Payment MethodsNet banking and PayU Money
Cryptocurrency OfferedBitcoin (BTC)
Transaction Fees1% to buy or sell, 0.7% for Gold Membership

IGST of 18.0% on the transaction fee

Verification Time and RequirementsFew hours, Copy of PAN card and Address proof

6. Coinsecure

It positions itself as India’s Fastest 24/7 Real-time Bitcoin Trading Platform.

Link to Coinsecure 

ReputationAndroid App Rating 3.4/5
Payment MethodsIMPS/NEFT/RTGS
Cryptocurrency OfferedBitcoin (BTC)
Transaction Fees 0.4% fee on all trades
Verification Time and RequirementsFew hours, Copy of PAN card and Aadhar Card (UID)

7. Coindelta

Coindelta aims to facilitate the trading of digital assets in India and bring India closer to the blockchain.

Link to Coindelta 

ReputationFB Page Rating 3.6/5
Payment Methods

20 INR for IMPS/NEFT/RTGS

2.36% fees for payment gateway

Cryptocurrency OfferedBitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum (ETH), Litecoin (LTC), OmiseGo (OMG), Qtum (QTUM), Ripple (XRP)
Transaction Fees 0% maker and 0.3% takes fees

* All fee already included 18% GST

Verification Time and RequirementsFew hours, Copy of PAN card and Aadhar Card (UID)

Conclusion

User interface and other aspects like the quality of support provided by the exchanges also influence options about the best exchanges. This list of 6 best Cryptocurrency Exchanges in India serves as a starting guide. It is not recommended to store cryptocurrencies on any exchanges. Always enable two-factor authentication feature as it provides a good level of security. Be careful of any malware that enters your devices.


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