HT Syndication
New Delhi [India], October 22: Choosing from the many crypto exchanges in India can be difficult. Indian investors now have dozens of platforms to pick from, and each one differs in INR support, fees, coin range, security, and tools. This guide covers ten platforms that operate in India, with a short overview of each, so readers can compare options before opening an account.
India's crypto market has grown quickly, and the country's rules for crypto exchanges in India have tightened. Since March 2023, virtual digital asset service providers serving Indian users must register with the Financial Intelligence Unit of India (FIU-IND) under the Prevention of Money Laundering Act. Every platform in this list is described by its operator as FIU-IND registered. Readers should confirm each registration on the FIU-IND website before opening an account.
Before you choose one of the crypto exchanges in India
Several factors matter more than headline features. First, check FIU-IND registration, because it is the baseline compliance requirement for the crypto exchanges in India. Second, look at how INR deposits and withdrawals work, including UPI, IMPS, and NEFT support, and whether there are deposit or withdrawal charges. Third, compare trading fees at your expected volume, since maker and taker fees and VIP tiers can change the total cost. Fourth, review security practices such as cold storage, two-factor authentication, and independent certifications. Finally, consider tax reporting. Gains from virtual digital assets are taxed at a flat 30 percent in India, and a 1 percent tax deducted at source applies to most transfers, so a platform that provides clear transaction records can save time at filing.
1. Suncrypto
Suncrypto is one of the trusted crypto exchanges in India to offer a single app for spot trading, futures, SIP investing, and staking, all priced in Indian rupees. The company describes itself as an Indian crypto exchange founded in 2021 and based in Jaipur, Rajasthan, and it presents its platform as a simple way for first-time buyers and experienced traders to use the same account. Suncrypto Futures allows users to legally trade perpetual futures contracts across more than 600+ trading pairs, offering up to 150x leverage on select pairs, including blue-chip cryptocurrencies like Bitcoin and Ethereum, as well as tokenized US stocks and precious metals with the availability of INR-margined contracts, which permit users to utilize their direct Indian Rupee balances as collateral via instant UPI or bank transfers, entirely removing the need to buy or convert funds into USDT beforehand, starting from as low as ₹100.
Suncrypto says it is registered with the Financial Intelligence Unit of India (FIU-IND) which is the compliance requirement for virtual digital asset service providers serving Indian users. Its app listing describes support for more than 600 cryptocurrencies with INR pairs, a feature that many buyers look for when comparing crypto exchanges in India, and it also offers USDT-paired markets for users who prefer stablecoin trading. Real-time price alerts, detailed charts, and portfolio tracking are included in the app, according to the company’s listing.
The company states that INR deposits and withdrawals are supported through UPI, bank transfer, and net banking. Readers should compare the current published fee schedule with the fees on other crypto exchanges in India before choosing, because fee tiers and promotions change.
Suncrypto also highlights educational resources through its blogs, which publishes guides and market updates, and an earn program that offers rewards to holders. Users who are new to crypto may find these materials useful, but the company’s own content should be read alongside independent sources.
On user numbers, Suncrypto’s app store listing reports more than 2.5 lakh verified users, while its company profile cites a larger figure. Readers should confirm current user numbers directly with the company before relying on either figure, as they would for any of the crypto exchanges in India listed in this guide.
Best for: users who want a single app for spot, futures, SIP, and staking in INR and who value a platform that combines local currency support with a range of investment options.
2. CoinDCX
CoinDCX is one of India's largest and most established crypto platforms. It offers spot trading, futures, margin, and options, with access to hundreds of cryptocurrencies. The company is registered with FIU-IND and states that it holds ISO/IEC 27001:2022 certification for information security. CoinDCX also provides an educational resource called DCX Learn, and its advanced trading tools are aimed at active traders.
Best for: active traders who want derivatives and advanced charting in one place.
3. CoinSwitch
CoinSwitch was founded in 2017 and is known for a simple mobile app that aims to make first purchases easy. It offers spot trading, options, and OTC services, and it is registered with FIU-IND. The company reports holding ISO/IEC 27001:2022 certification.
Best for: beginners who want a straightforward interface.
4. ZebPay
ZebPay launched in 2014 and is one of India's longest-running crypto platforms. It supports spot trading, OTC trading, and perpetual futures, with several hundred assets. The company is registered with FIU-IND and is known for a conservative approach to listings and features, which makes it attractive to long-term holders.
Best for: long-term investors who value a long operating history.
5. Mudrex
Mudrex is an FIU-IND registered platform focused on passive investing. It offers crypto SIPs, curated coin sets, and automated baskets, along with spot and perpetual futures. Its published fees start at a low level for maker and taker trades, and it supports UPI, IMPS, NEFT, and RTGS for INR transfers.
Best for: users who want diversified portfolios and recurring investments.
6. Giottus
Giottus is an Indian exchange that has operated since 2018. It offers spot trading in INR across a range of major and altcoin pairs and is registered with FIU-IND. Its app emphasizes simple buying and selling flows for everyday users.
Best for: Indian users who want a locally focused, straightforward spot platform.
7. Bitbns
Bitbns is an Indian exchange operated by Buyhatke Internet Private Limited. It is registered with FIU-India as a virtual digital asset service provider and offers a large selection of coins. Bitbns has been one of the more widely used domestic platforms by trading volume in some industry reports, although market share figures vary by source.
Best for: users who want wide coin selection on a domestic platform.
8. Delta Exchange India
Delta Exchange India focuses on derivatives, including futures and options settled in Indian rupees. It is operated by Excelium Technologies Private Limited, which is registered with FIU-IND. The platform suits traders who want to hedge or speculate using derivatives rather than spot trading alone.
Best for: experienced traders who want INR-settled derivatives.
9. BuyUcoin
BuyUcoin is an Indian platform that offers simple buying, selling, and storage of major cryptocurrencies. It is registered with FIU-IND and is commonly included in comparisons of beginner-friendly apps for INR users.
Best for: first-time buyers who want a simple app.
10. KoinBX
KoinBX is an Indian exchange offering spot trading in INR and a range of supported coins. It is registered with FIU-IND and is often included in lists of domestic platforms for users comparing INR access and fees.
Best for: users who want to compare several domestic platforms.
How does Suncrypto compare?
Suncrypto's strongest selling points, according to the company, are its combined feature set, its INR-first approach, and its lowest fees. The company's own marketing describes its fees as among the lowest in India, but independent fee comparisons vary by date, account tier, and trading pair. Readers should compare Suncrypto's current published fees with other platforms at their expected trading volume and should consider the other factors in this guide before choosing.
Final thoughts
The right choice among crypto exchanges in India depends on your goals. Suncrypto offers an all-in-one approach for INR users, while other platforms specialize in derivatives, simple first purchases, passive investing, or long-term holding. Compare INR access, fees, security, tax reporting, and FIU-IND registration before you deposit funds. This article is for information only and does not constitute financial, investment, legal, or tax advice.
Frequently asked questions
Are crypto exchanges in India legal?
Cryptocurrency trading is not banned in India. Virtual digital asset service providers must register with FIU-IND, and gains are taxed under the country's tax rules. Readers should check current regulations and consult a qualified advisor.
Which crypto exchanges in India are FIU registered?
The platforms in this guide state that they are FIU-IND registered. Readers should verify each registration on the FIU-IND website before opening an account.
How do I deposit INR on crypto exchanges in India?
Most platforms accept UPI, IMPS, NEFT, or RTGS. Fees and processing times differ, so check each platform's current deposit terms.
How is crypto taxed in India?
Gains from virtual digital assets are taxed at a flat 30 percent, and a 1 percent tax deducted at source applies to most transfers. Losses cannot generally be set off against other gains. Consult a tax professional for your situation.
Which crypto exchange in India is best for beginners?
Beginners often start with a simple app that has clear INR flows and good customer support. Suncrypto, CoinSwitch, BuyUcoin, and Giottus are commonly mentioned for this purpose, but readers should choose based on their own needs.
Which crypto exchange in India has the lowest fees?
Fees depend on account tier, trading volume, and order type. Compare current fee schedules directly, since fees change over time.
Is it safe to use crypto exchanges in India?
Use only platforms that are FIU-IND registered, enable two-factor authentication, use strong unique passwords, and never share your recovery phrase. Be cautious of unsolicited messages and offers that seem too good to be true.
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