In the past couple of years, India has established itself as the hotspot for cryptocurrency trading and investment. The cryptocurrency business has been flourishing in the country, so much so that the nation stood among the top 5 countries to adopt digital assets, according to reports based on global analysis. Considering the endless opportunities that arise from crypto trading, you need to have the right platform. Some of the top Indian crypto exchanges offer several facilities to investors. These Indian crypto exchanges provide a plethora of options to buy, sell, trade, and lend cryptocurrencies. Some even offer user-friendly and customized services at a minimal fee. This article features the top Indian crypto exchanges of 2022.
Based in India, WazirX is one of the most popular and successful cryptocurrency exchanges in the country. Launched in 2021, WazirX provides its users with peer-to-peer transaction capabilities and manages a technology that is good at processing millions of transactions at a time. The platform's easy-to-use venture on web, Android, and iOS mobiles make it the top choice for many investors. Amid the economic slowdown, Indian crypto exchange WazirX has laid off nearly 40 percent of its workforce. As many as 50 to 70 of 150 WazirX employees were laid off, CoinDesk reported citing sources.
Although CoinSwitch is not particularly made for Indian investors, it is one of the best cryptocurrency exchanges in the world that supports and leverages the best services for many countries. The platform entered India in 2017 and has been operating at every nook and corner ever since. CoinSwitch features over 300 cryptocurrencies and 45,000 trading pairs. Besides providing crypto services, the platform also clears investors by answering their questions.
A big advantage of using CoinDCX is its feature to provide instant fiat-to-crypto conversions with zero fees. Therefore, users can invest in more investment models both on cryptocurrency and other financial services. Founded in 2018, CoinDCX has gained US$19 million so far in funding. Besides providing crypto and financial service, the platform has its product called 'Insta,' which makes fiat to crypto buying and selling simple.
The Singapore-headquartered start-up launched by Indian origins is one of the most used cryptocurrency exchanges in India. The founders Sandeep Goenka, Saurabh Agrawal, and Mahin Gupta realized the potential of cryptocurrency in India and stepped into the digital asset trading business. Initially launched in 2014, ZebPay has to remodel its functioning and relaunch the portal in January 2020 ahead of the Indian government and RBI's decision on bitcoin regulation. ZebPay offices are also located in Mumbai and Ahmedabad, which works to manage Indian trading routines.
Unocoin trades famous cryptocurrencies like Ether and Tether, but its main focus is still bitcoin. The platform allows users to buy and sell all the featured cryptocurrencies. Besides, Unocoin is famous for its unique OTC (Over The Counter) services that enable bulk trade and the SIP (Systematic Investment Plan) feature, which allows users to customize an amount that will be debited from their account every month without intervention.
BuyUCoin is a trustworthy and convenient cryptocurrency exchange in India. It leverages a seamless trading experience in a variety of cryptocurrencies including bitcoin, Ethereum, Ethereum classic, list, NEM, Civic, Litecoin, Bitcoin Cash, etc. BuyUCoin also offers a SIP feature, making the functionality of periodic transactions easy. Besides, the platform is using a 'sandbox' system to monitor cryptocurrency usage in India.
Bitbns is a growing cryptocurrency platform in India that is highly preferred by new crypto investors. Bitbns offers grade-A security to its investors and accepts payment modes such as UPI and net banking. Created by young and enthusiastic adopters of cryptocurrencies from IIT, Bitbns is designed to serve customers their financial needs and assistance. The platform was launched in 2017 to give people a smooth entry into the crypto world with easy-to-use security and seamless customer support from the very beginning.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.