- CoinDCX is one of the most flexible and biggest crypto trading platforms in India.
- KoinBX and WazriX makes it ideal for beginners and intermediate users.
One of the fastest-growing industries in the financial sector is the crypto industry which has escalated exponentially in the last decade. Significantly, the crypto buzz across India is gradually increasing every year. Crypto trading has become popular in India despite its regulatory issues and other challenges. It is clearly known that the majority of people were interested only in traditional forms of investment but it has changed recently.
The country is witnessing a big transition to digital currencies, with people abandoning their traditional method of maintaining crypto assets for the sake of comfort and safety. In recent years, investors have opened their arms to explore the digital era. Consequently, this pushes the crypto industry to evolve as a lucrative investment vehicle and the adoption rate is rapidly growing.
The acceptance of crypto has led to an upsurge in the number of crypto exchanges operating in the sector. Usage of the crypto exchange is simple. It allows users to buy, sell, and trade cryptocurrencies. Though this sector is not regulated completely, the immense rise of crypto exchanges is astounding. Moreover, it is crucial for traders and investors of crypto to figure out a reliable and trustworthy exchange for their trading activity.
In real terms, the Indian crypto market is still in its formative years of development, thereby it counts to be on the active watch for scams and to avoid falling victim to fraud. Let’s have a look at the most prominent and well-parsed list of reliable crypto exchanges in India, in this article.
Our Top 3 Picks
1. CoinDCX
CoinDCX is one of the most flexible and biggest crypto trading platforms in India. The overall significant feature of this platform is its safety experience and availability of an extensive selection of crypto’s. Furthermore, the range of trading services, like spot, margin, futures, and fiat-to-crypto swaps, produces an inviting space for all kinds of traders. The account verification process has also been made to be effortless and hassle-free. Consequently, the trading fee of the platform is 0 to 0.50% and the minimum investment is ₹100.
2. KoinBX
KoinBX emerges as the most reliable and leading crypto trading platform and preferable exchange among millennials for its simple and user-friendly interface. It is a fully regulated crypto exchange with its trademark registered in European countries.
With users from 50+ major countries around the globe, KoinBX offers a diversified range of cryptocurrencies, spot trading, and welcome rewards to attract Gen-Z investors. Besides, the platform runs referral programs where users can enjoy commissions referring to friends on every trade.
KoinBX allows users to buy cryptocurrencies directly with INR enabling maximum withdrawal of INR up to 1 Lakh, charging the lowest fee of about 0.2% per transaction and the minimum investment is from 100 INR. There has been a noticeable change in the ranking of CoinMarketCap recently, with KoinBX progressively moving up the list.
3. WazirX
WazirX is the most popular crypto exchange in India which has unquestionably expanded to be one of the reputable platforms across the nation. The platform built with ease of use in mind, making it ideal for beginners and intermediate users. Moreover, the account verification process would take about 2 to 4 hours which is comparatively longer.
As a matter of fact, the platform charges 0.2% as a transaction fee and the minimum investment is ₹100.
Concluding Remarks
The best investment choice for passive income can be crypto trading, but it still requires research and individual analysis. By wrapping up the exploration of top crypto exchanges in India for June 2023, it is certainly evident that the market witnesses significant change. However, the battle for the top slot has intensified, as dedicated platforms for crypto enthusiasts have increased. These best exchanges provide a solid basis for your journey, whether you’re an experienced trader or someone who determined to enter the crypto sector. Each exchange differs for its own features and strengths while some emerge for top-notch user experiences, strong security measures, and a broad selection of supported cryptocurrencies.
