Top 7 crypto exchanges in India in 2023

Understanding the entire concept of cryptocurrency may be a challenge in many ways. This is particularly evident when you’re a brand novice to trading in cryptocurrency. Therefore, finding the best platform to purchase or sell crypto assets, such as Bitcoin, Ethereum, etc., is the moment’s requirement.

An important point to consider is that many cryptocurrency exchanges have options like staking reward margin trading, tools for trading in crypto, and a host of others. To help you, we have compiled a list of the top 10 cryptocurrency trading and exchange apps for India in 2023.

Coindcx

CoinDCX was established in 2018 and has more than 10 million customers. They’ve been one of the most well-known cryptocurrency exchanges that Indian cryptocurrency investors have access to, thanks to a user-friendly interface and secure protocols. They also provide the option of margin, spot, futures trading, earning from the staking and lending process, and an education program.

• Does CoinDCX secure? CoinDCX operates on four security principles: safeguarding its system against any threat, preventing misuse of internal mechanisms, avoiding human error at all costs, and a strict stance against fraud on data. They keep the majority of money in multi-sig cold wallets located in different locations and are equipped with the best devices for security (HSMs). Only 5 percent of assets are held in hot wallets and are covered by BitGo. Additionally, personal account security includes two-factor authentication and withdrawal verification.
• Is CoinDCX been compromised? CoinDCX hasn’t been hacker-proofed. But one user lost three BTC 2 years back because of what he claimed was a mistake made on CoinDCX’s side. CoinDCX side.
• Can CoinDCX refund me if victimized? Since CoinDCX hasn’t been hacked yet, we can’t know what they’ll do. Since BitGo covers them so it’s likely, they’ll be able to pay back customers. In the case above, CoinDCX publicly stated that they would reimburse customers the amount if they were found to be responsible.
• Do you have your keys with CoinDCX? CoinDCX is a centralized exchange, meaning you cannot own your keys. Only decentralized exchanges grant users the right to use their keys.
• Does CoinDCX stop accounts from being frozen? Almost every exchange could freeze a fund to help prevent fraud until identity checks are conducted or when they are required through law enforcement.
• What is the number of cryptocurrencies listed on CoinDCX? CoinDCX currently offers more than 200 coins for trading.
• Does CoinDCX have a mobile application? Yes. The CoinDCX app is available on iOS as well as Android.
• What fees do I have to pay for CoinDCX? CoinDCX has charges determined by your trading volume, typically between 0.2 percent to 0.04 percent.
• Do you have any withdrawal and deposit limits for CoinDCX? CoinDCX has an initial deposit minimum of INR 775 with a maximum withdrawal limit of INR 500 000.
• Is CoinDCX has KYC? Yes. To ensure compliance with Indian laws, CoinDCX requires some personal details to confirm your account.

WazirX

WazirX is perhaps India’s most popular cryptocurrency trading platform with love,r 1.5 million registered users. WazirX also provides a diverse range of crypto coins and tokens that users can buy. Additionally, the design of the WazirX application is highly intuitive and user-friendly. It also comes with its cryptocurrency, WRX, which can be purchased and traded alongside another cryptocurrency.

WazirX is among the most renowned cryptocurrency exchanges in India. Established in 2018, WazirX has grown to become India’s biggest and most reliable Indian cryptocurrency exchange. Currently, Nischal Shetty, the creator of WazirX, is a significant factor in the marketplace. WazirX has added more than 2 million users, with half joining in the first quarter of 2021. It’s among the fastest-growing cryptocurrency exchange apps in India.

• Is WazirX safe? Yes. WazirX is secure due to security protocols, which include 2FA and OTPs and bug bounty programs, and periodic security checks. They also offer helpful content on how to avoid getting fraudulent.
• Is WazirX been compromised? No, the WazirX platform hasn’t been compromised. However, some accounts might have been compromised before by email scams.
• What happens if WazirX refunds me if they discover I’ve been compromised? Since WazirX isn’t hacked, we don’t know if they’ll reimburse you. But, given that they’re supported by the cryptocurrency giant Binance Binance, it’s likely they will if the hack resulted from security flaws.
• Do you have your keys with WazirX? No, WazirX is a centralized exchange, which means you won’t be able to own your keys. Only decentralized exchanges grant users ownership of their keys.
• Can WazirX freeze accounts? Yes, it can. It does, as happens with most exchanges. It’s unlikely to occur unless you’re using it in a restricted region or if WazirX is asked to make this change by their legal department or the authorities.
• What is the number of cryptocurrencies listed on WazirX? WazirX has 234 currencies that are available for trading through its platforms.
• Does WazirX have a mobile application? Yes, the WazirX app is available on iOS as well as Android.
• What are WazirX charges? WazirX offers flat fees of 1% based on TDS (a tax taken at the source); most maker and taker charges are 0.2 percent.
• Are there any specific deposit or withdrawal limits for WazirX? There are various limits on withdrawals, which depends on the cryptocurrency you’re taking out. The fees are pretty high when they are compared with other exchanges.
• Does WazirX have KYC? Yes. You’ll require a PAN and Aadhaar card to authenticate your account.

Coindcx

When we talk regarding security, why could we not talk about CoinDCX? One of the most flexible trading platforms for cryptocurrency can be found in CoinDCX as well as its safety feature is undoubtedly something to be noted. Are you wondering what the reason is? It’s because people must authenticate themselves before being able to participate in trading. Isn’t that incredible?

CoinDCX is an innovative platform that offers the exchange of cryptocurrency services for 200 kinds of digital assets. The Singapore-based company has gained popularity in India since the year 2018. CoinDCX has established its headquarters in Mumbai, and Bain Capital Ventures, Polychain, 100x Ventures, and other prominent investors have supported the platform. The CoinDCX cryptocurrency exchange has received around $ 5.5M in investments during three fundraising rounds.

• Does CoinDCX secure? CoinDCX operates on four security principles: safeguarding its system against every threat, eliminating the misuse of internal mechanisms, avoiding human error at all costs, and having a zero-tolerance policy toward data fraud. The company stores most funds in multi-sig cold wallets spread across the globe using industry-leading devices for security (HSMs). Only five percent of assets are held in hot wallets and protected by BitGo. Personal account security includes two-factor authentication, withdrawal, and confirmation.
• Does anyone know if CoinDCX has been compromised? CoinDCX hasn’t been compromised. But one user lost three BTC 2 years back because of what was believed to be a mistake made on CoinDCX’s side. CoinDCX side.
• What happens if CoinDCX refunds me if victimized? Since CoinDCX hasn’t been hacked yet, we can’t know what they’ll do. However, since BitGo covers them, they will likely be able to reimburse users. In the above instance, CoinDCX publicly stated that they would pay back the money if they were foundDo you have the keys you use with CoinDCX. No, CoinDCX is a centralized exchange, which means you cannot own your keys. Only decentralized exchanges provide users with the right to use their keys.
• Does CoinDCX stop accounts from being frozen? Almost all exchanges can freeze a fund to help prevent fraud during identity verification or if they are compelled by law enforcement.
• What is the total number of cryptocurrencies available listed on CoinDCX? CoinDCX currently has more than 200 coins that can be traded.
• Does CoinDCX have a mobile application? Yes. The CoinDCX app is available on iOS and Android.
• What are the fees I have to pay for CoinDCX? CoinDCX has an established fee structure determined by your trading volume, typically between 0.2 percent to 0.04 percent.
• Do you have any withdrawal and deposit limits for CoinDCX? CoinDCX has an initial deposit minimum of INR 775 with a maximum withdrawal limit of INR 500 000.
• Is CoinDCX possess KYC? Yes. To comply with Indian laws, CoinDCX requires some personal details to confirm your account.

CoinSwitch Kuber

The goal that is goal of CoinSwitch Kuber is crystal clear the goal is to make cryptocurrency investment more accessible. It is a highly-rated platform not only in India but also in more than 150 countries. This alone is sufficient evidence to show why it should be included in India’s top list of Bitcoin exchanges.

CoinSwitch Kuber is one of India’s most popular and best cryptocurrency applications, and the platform provides one of the most competitive rates for Bitcoin trades. It is simple to trade BTC immediately on CoinSwitch, along with its KYC as well as AML verification processes are simple to follow. This CoinSwitch Kuber mobile app can be quite helpful in offering one of the most reliable crypto trading platforms to Indian mobile phones. CoinSwitch Kuber is one of the leading crypto exchanges available in India that provides Indian users with a seamless cryptocurrency trading platform.

• Is CoinSwitch secure? CoinSwitch Kuber has ISO 270001 and SOC2 Type 2 certifications, two-factor authentication, and OTP on accounts.
• Is CoinSwitch Kuber hacked? The CoinSwitch app is not custodial. Therefore there’s nothing to hack.
• What happens if I get hacked? CoinSwitch Kuber reimburses me if I’m victimized? Because CoinSwitch Kuber is non-custodial, any hacks will affect the wallets of users and would not be available accessible on the platform, which is why they’re unlikely to be able to refund users.
• Do you own your keys with CoinSwitch Kuber? CoinSwitch Kuber’s no-custodial model implies that users will have their keys.
• Can CoinSwitch Kuber block accounts? Yes, CoinSwitch Kuber has already frozen accounts previously because of unclear regulations from the government earlier in 2022. They have since reopened service.
• What is the number of cryptocurrencies available on CoinSwitch Kuber? CoinSwitch Kuber currently has over 100 coins.
• Does CoinSwitch Kuber offer an app that can be downloaded on mobile devices? Yes. CoinSwitch Kuber is an app-only exchange, and it is available on iOS along with Android.
• What costs will I have to pay for CoinSwitch Kuber? As CoinSwitch Kuber connects users to various exchanges, the cost of fees will vary depending on the platform you choose. They don’t have any fees that are associated with their platform.
• Are there any specific deposit or withdrawal limitations on CoinSwitch? CoinSwitch Kuber has a minimum deposit of INR 100.
• Does CoinSwitch come with KYC? Yes, CoinSwitch has KYC. CoinSwitch Kuber complies with the regulations which require KYC to be obligatory in India.

Bitbns

This is a cryptocurrency trading program that is accessible through either Android or iOS. The program lets users purchase and trade cryptocurrency without the involvement of a third party. Amazing, right? If you’re a novice in trading, this platform is the perfect one.

Bitbns is India’s top cryptocurrency exchange, with over 300 cryptocurrencies listed via the business. It provides excellent customer service and allows users to purchase, sale, buy, and sell crypto at the lowest rates by delivering a simple-to-trade user-friendly, and intuitive interface. Bitbns also provides its cryptocurrency application, which works for iOS and Android devices. The platform is currently used by over 4 million users, with a daily trade amount of over 13 million dollars.

• Does Bitbns have security? Yes, all accounts come with 2FA and the option of Google authentication. Bitbns declares that its platform was built using the most modern technology and grade-A security features, including bug bounty programs.
• Has Bitbns been attacked? Bitbns have not explicitly been compromised. However, there have been scams involving Bitbns Telegram and users sharing information with scammers who claim to be employees.
• What happens if HTML0 is broken? Will Bitbns reimburse me in the event of a hack? As they haven’t been directly compromised, We aren’t sure of how they’ll respond. They haven’t yet refunded any money when security breaches occurred caused by users’ fault.
• Do you have critical keys that you own with Bitbns? No, Birbns is a centralized exchange. Therefore you won’t be able to hold your keys. Only decentralized exchanges can give users the right to use their keys.
• Bitbns block account? Yes. Bitbns has frozen accounts during investigations into KYC problems.
• What is the number of cryptocurrencies available on Bitbns? There are currently 141 tokens to exchange on Bitbns.
• Does Bitbns have a mobile app? Yes. Bitbns has an app that has been released for iOS and Android.
• What are Bitbns’s fees? The Bitbns fee structure is based on your 30 days of trading volume and the method you are charged. Prices are generally low, ranging between 0.25 percent and 0.03 percent.
• Do you have any deposits or withdrawal limits for Bitbns? Bitbns requires a minimum deposit of INR 100 and a withdrawal limit of 25 daily.
• Doe’s Bitbns require KYC? Yes and no. KYC isn’t necessary for trading, depositing, or withdrawing cryptocurrency but is needed to remove and deposit fiat currencies.

Unocoin

Unocoin is worthy of special attention because it claims to be India’s first cryptocurrency asset and blockchain business. With over a million customers today, Unocoin has made cryptocurrency investment more enjoyable. Investors have access to many cryptocurrencies. It is among the oldest and most central exchanges to purchase, sell, and store Bitcoin or other services for merchant processing.

Unocoin is among India’s most trusted cryptocurrency marketplaces, is growing in recognition, and boasts around 150,000 users. Today, the platform generates more than $350 million in revenue. They have a longer-term strategy. The exchange began its operation in 2013 and set out to create Bitcoin available to millions of people in the country. Unocoin cryptocurrency trading services allow Bitcoin transactions.

• Is Unocoin secure? Yes. Security protocols for Unocoin include private keys for addresses encrypted with AES-256. They are stored in several safe deposit locks, 2FA, and an option for a paper wallet.
• Have you heard that Unocoin has been compromised? Indeed, in 2017 Unocoin was the victim of a hack that resulted in an illegal transaction of 0.25 BTC from multiple Unocoin accounts. The hack caused them to stop their servers for a short period.
• Can Unocoin reimburse me in the event of a hack? Yes. They returned customers in the above instance, which is why they’d likely be able to do this if it came due to a security flaw on their part.
• Do you have your keys to Unocoin? No, Unocoin is a centralized exchange. Therefore, you won’t be able to own your keys. Only decentralized exchanges can give users the right to use their keys.
• Can Unocoin block accounts? Yes, but it’s unlikely to happen in the event of security concerns or if they are forced by law. The group did have their account frozen in the year 2018 in the hands of the Indian government during an investigation into their financial activities and stopped service.
• How many cryptocurrencies are available are there on Unocoin? Unocoin currently provides 36 cryptocurrencies that can be traded.
• Does Unocoin have a mobile application? Yes. The Unocoin application is available for iOS and Android.
• What are Unocoin’s charges? Unocoin offers a fixed 0.5 percent trading fee.
• Do you have any withdrawal and deposit limitations for Unocoin? Unocoin has an INR 100 minimum deposit.
• Does Unocoin come with KYC? Yes. Because Unocoin complies with Indian regulations, it would require specific personal details.

Zebpay

One of India’s first Bitcoin trading apps is Zebpay. Making an account, it’s easy. All you need to do is the information required for the details of your KYC, and that’s all you need to do. What makes it more intriguing? The fact that it offers the “refer or earn” option that’s intriguing.

Zebpay Zebpay, an Indian cryptocurrency exchange, allows traders to purchase and store Bitcoin. It also provides trading cryptocurrencies like Ripple, Ethereum, Tether, and Litecoin. Zebpay is a primary cryptocurrency trading platform with an integrated best cryptocurrency wallet within the Zebpay mobile application. This assists long-term investors in moving their crypto investments from exchanges to accounts, which the buyer can control more. It is utilized by traders who are only beginning to make investments in the cryptocurrency market and helps them discover trading options quickly. Additionally, it provides an excellent trading experience.

• Is ZebPay safe? Yes. ZebPay stores most of its assets in cold storage on HSM air-gapped, geographically dispersed devices. Transactions are also secured with the proprietary security protocol Omnitrixx and bug bounty. The exchange has an ISO 27001 certification and is a member of IAMAI and BAAC in India. To protect your account, ZebPay follows the industry standard of OTP and 2FA.
• Has ZebPay been compromised? Yes – but not directly. ZebPay employees were targeted by a phishing scam posted on Twitter, and hackers could steal their personal information to identify users. They stole around 3.69 BTC in 2020, but the perpetrators were caught and charged due to the partnership between Chainalysis and ZebPay.
• Does ZebPay reimburse me if I am infected? It’s unclear whether ZebPay will refund customers in the event of a hack, but it’s likely due to their strict compliance with regulators and if it was caused by a security flaw at their end. ZebPay is also insured by BitGo to guard against the risk of data theft and breaches.
• Do you own your keys with ZebPay? ZebPay is a centralized exchange, meaning you don’t hold your keys. Only decentralized exchanges grant users the right to use their keys.
• Do you have the ability to let ZebPay stop accounts from being frozen? ZebPay reserves the right to freeze accounts when required by law or government, but it’s unlikely.
• What is the total number of cryptocurrencies available on ZebPay? ZebPay currently has 99 coins available to be traded.
• Do you know if ZebPay has a mobile application? Yes. The ZebPay application is available on both iOS as well as for Android.
• What are the fees I will have to have to pay for ZebPay? ZebPay has its prices set by a user’s monthly trading volume. It typically ranges from 0.06 percent to 0.25 percent, based on the maker/taker and the number of transactions.
• Do you have any deposit or withdrawal limitations on ZebPay? ZebPay is a no-limit payment, with a minimum of INR 12 for promises made with fiat and INR 15 for any withdrawals using directives. However, crypto deposits aren’t charged.
• Is it true that ZebPay comes with KYC? Yes. ZebPay complies with the regulations which require KYC to be compulsory in India.