Buy Bitcoin and trade Crypto Currencies in India with these Exchanges:

On this page you can find the best bitcoin and crypto exchanges for users in India.

If you want to buy bitcoin from India, nowadays couple of exchanges accept INR as deposits, however in often cases these exchanges charge higher exchange rate regarding bitcoin. When purchasing cryptocurrency, to be cost-efficient probably it is the best to check international exchanges as well and consider USD or other fiat currency deposit that you can place on the exchange account with a bank wire transfer or using a credit card.

In India, there is no official regulation about bitcoin and cryptocurrencies. At the end of 2013, the Reserve Bank of India stated that they had no plans to regulate bitcoin. The government issued several warning about the usage of cryptocurrencies since the cash crisis experienced in the country, but not official legislation has been passed so far.

Compare your Top 3 Bitcoin Exchanges
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Choose Provider 3:
Provider
Pro and Contra
Has been hacked?
Fees
Security
Trading
Great for EUR/USD
90 90
Pro
  • Has not been hacked
  • Good payment methods
  • Exchange interface is awesome to use
Contra
  • No trading platform
  • Not regulated
  • Fees are not listed
Has been hacked? No Fees
Deposit Fees:
N/A
Withdrawal Fees:
N/A
Trading Fees:
1.29%-1.49%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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100x Leverage, No KYC
92 92
Pro
  • 2FA ensures security
  • 100x leverage available in 5 cryptocurrency
  • no KYC required
Contra
  • no fiat deposits available
  • no trading API, mobile app or PC program to do trading outside of the site
  • not widely known yet
Has been hacked? No Fees
Deposit Fees:
Free
Withdrawal Fees:
Free
Trading Fees:
0.01%-0.05%
Security Good Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 100x
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High Leverage!
90 90
Pro
  • Available futures and derivates trading
  • High leverage
  • Many advanced features
  • Good liquidity
Contra
  • Not for beginners
  • High Withdrawal Fees
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
-0.05%-0.25%
Security Excellent Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 100x
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Supports Credit Cards
80 80
Pro
  • High trading volume
  • Wire Transfer & Credit Cards
Contra
  • Premium on prices
  • Many bad reviews
  • Slow Withdrawals
Has been hacked? Yes, hacked in 2013 Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.16%-0.25%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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86 86
Pro
  • no trading commissions
  • rewards system after open trades
  • offers to trade forex and gold too beyond crypto
Contra
  • no real online presence of the company
  • US users are not accepted
  • only email contact is provided
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%
Security Good Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 50x
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Many Altcoins
80 80
Pro
  • Very low Fees
  • A myriad of coins to exchange with
  • No lags experienced with website
Contra
  • Does not accept bank payment methods
  • Customer support lacks phone
  • US customers are restricted
Has been hacked? Yes (on 7. May 19) Fees
Deposit Fees:
None
Withdrawal Fees:
None
Trading Fees:
0.10%
Security Ok Trading
Futures? None
Derivatives? No
Margin Trading? No
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82 82
Pro
  • low fees
  • futures trading options
  • leverage up to 100x
Contra
  • Lack of real user experience online
  • No social media activity
  • Users from the US are excluded
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
-0.02%-0.07%
Security Good Trading
Futures? Yes
Derivatives? Yes
Margin Trading? up to 100x
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Trade with FIAT
82 82
Pro
  • Professionally made website
  • Educational Materials (videos)
  • Easy verification process
  • Copy trading
Contra
  • Does not accept Bitcoin deposits/withdrawals
  • 75% of retail CFD accounts lose money
  • Limited cryptocurrency listings
  • No live chat
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
Yes
Trading Fees:
0.75%
Security Good Trading
Futures? Yes
Derivatives? No
Margin Trading? up to 30x
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Great for AUS & NZ
80 80
Pro
  • Simple & easy to use
  • Fast transactions
  • Responsive customer care
Contra
  • US Users not supported
  • No 2-factor authentication
  • Limited fiat & coin portfolios
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
High (2-4%)
Trading Fees:
0.00%
Security Good Trading
Futures? N/A
Derivatives? N/A
Margin Trading? No
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72 72
Pro
  • high amount of leverage up 100x in bitcoin
  • easy to understand trading interface
  • low fees
Contra
  • new company, with no established online presence
  • no fiat trading option
  • no advanced order types
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
0.001 BTC
Trading Fees:
0.075%
Security Average Trading
Futures? No
Derivatives? Yes
Margin Trading? up to 100x
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90 90
Pro
  • Almost all countries are accepted (including some parts of the US)
  • Highest buying limit
  • Good Support
Contra
  • 3% fee
  • Some scam claims
Has been hacked? No Fees
Deposit Fees:
5% credit card fee
Withdrawal Fees:
5% credit card fee
Trading Fees:
5.90%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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Easy to use
76 76
Pro
  • High liquidity
  • Integrated debit and credit cards
  • Newbie friendly
Contra
  • Major violations of users privacy
  • Puts investors before customers
  • Segwit still not supported ( = high TX fees )
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.00%-030%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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90 90
Pro
  • - many coins and payment method supported
  • - fee sharing model
  • - transparency about company background
Contra
  • - reliability of service is depending on the sellers on the platform
  • - too many options to choose from can paralyze users
  • - high crypto prices
Has been hacked? No Fees
Deposit Fees:
Free
Withdrawal Fees:
Free
Trading Fees:
0.70%-1.00%
Security Medium Trading
Futures? No
Derivatives? No
Margin Trading? No
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Supports PayPal
78 78
Pro
  • Easy to get verified ( 2 factor authentication)
  • Accepts Credit Card and PayPal
  • 24 hr expected resolution through their help-desk
  • Referral program
Contra
  • Website is too plain (there are no charts and no transparency)
  • A good number of negative reviews about how they operate
  • Was hacked
Has been hacked? Yes, around January 2017 Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.10%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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72 72
Pro
  • 140+ currencies available
  • Accepts Credit Cards
  • 2FA Security
  • No verification for crypto to crypto
Contra
  • High transaction fee of 0.5%
  • Negative comments from the community
  • Still a lot to prove (a fairly new company)
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
None
Trading Fees:
0.50%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Easy to use website
  • Great features
Contra
  • Verification process is long
  • Focused on Argentinean market
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
$20
Trading Fees:
0.50%-1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Easy account creation
  • Futures and Options available
  • Phone support
Contra
  • Beta phase
  • Platform design needs to be “optimized”
  • Does not support any Fiat deposit/withdrawals
Has been hacked? No Fees
Deposit Fees:
None
Withdrawal Fees:
None
Trading Fees:
-0.02%-0.03%
Security Excellent Trading
Futures? Yes
Derivatives? No
Margin Trading? up to 10x
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Fast Support!
78 78
Pro
  • Competitive fees
  • Good security
  • Accepts many different FIAT currencies
Contra
  • Website could use some improvements
  • Doesn't keep the pace with competition
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Yes, 1% + 5 USD
Trading Fees:
0.00%-0.20%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • 2FA
  • Low Fees
  • A wide range of coins
Contra
  • No Fiat Payments
  • Leverage not available yet
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.025%-0.075%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 50x
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82 82
Pro
  • low commissions
  • No KYC needed for crypto only deposits / withdrawals
  • good resources on trading and cryptocurrency
  • UK phone hotline
Contra
  • no information on the company background
  • US users are restricted
  • only cryptocurrency deposits are accepted
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? up to 50x
Visit Website
82 82
Pro
  • Low fees
  • A wide variety of payment methods and currencies accepted, at least in theory
  • Easy to join and get going
Contra
  • Mixed reviews
  • Slow customer support
  • High commissions charged (by the seller) for buying Bitcoin with uncommon methods or in non-mainstream currencies
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.00%-1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Good reputation
  • High volume and liquidity
  • Connections in the industry grant it additional legitimacy
  • Easy to use and quick
Contra
  • Supports only BTC/FIAT trades
  • More negative comments in the recent past
  • Slightly higher fees if you are trading lower volumes
Has been hacked? Yes, in January 2015 Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
0.25%-0.10%
Security Very Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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80 80
Pro
  • Verified merchants offer platform users services
  • Fast turnaround of deposits and withdrawals
  • High flexibility
  • Fully escrowed delivery
Contra
  • No mobile app
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
0.1% USD, 5 USDT, 0.0005 BTC
Trading Fees:
0.008%-0.150%
Security Good Trading
Futures? N/A
Derivatives? N/A
Margin Trading? up to 100x
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Good Volume
70 70
Pro
  • Demo Mode
  • High trading volume
Contra
  • Hard Verification
  • Many user complaints
  • Fees are high
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Trading Fees:
0.10%-0.20%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 3x
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High Volume
76 76
Pro
  • High USD liquidity
  • Low fees
  • Full package of order types, margin trading and lending market
  • Hack has been solved professionally and innovative
Contra
  • Not a transparent company
  • Reputation loss due to hack
  • Unclear situation with USDT (Tether)
Has been hacked? Yes Fees
Deposit Fees:
No
Withdrawal Fees:
No, except wire transfers
Trading Fees:
0.10%-0.20%
Security Ok Trading
Futures? No
Derivatives? No
Margin Trading? up to 3.33x
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80 80
Pro
  • Accepts Fiat Currency Deposits
  • Physical Card
  • A lot of deposit options
Contra
  • Unregulated
  • Limited number of coins
Has been hacked? No Fees
Deposit Fees:
2%
Withdrawal Fees:
2%
Trading Fees:
0.17%-0.43%
Security Excellent Trading
Futures?
Derivatives? Yes
Margin Trading? No
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Many Altcoins
72 72
Pro
  • Support for numerous altcoins
  • Fast deposits and withdrawals
  • Competitive fees
Contra
  • Weak liquidity for some of the coins
  • No mobile apps
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.02%-0.18%
Security Good Trading
Futures? No
Derivatives? No
Margin Trading? No
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Lots of Altcoins
80 80
Pro
  • User-friendly Interface
  • Security -Yobi codes (deposit codes)
  • Free Coins
Contra
  • Many Negative reviews
  • Very high withdrawal fees ( > 0.001 BTC)
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.2%
Security Excellent Trading
Futures?
Derivatives? No
Margin Trading? No
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Easy & Private
64 64
Pro
  • Private and fast
  • Easy to Use
Contra
  • Need to keep an eye for scams
  • Not suitable for large buyers
  • Now ID verification is required
Has been hacked? Yes Fees
Deposit Fees:
No
Withdrawal Fees:
No
Trading Fees:
1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
68 68
Pro
  • Easy account creation
  • Online and Offline payment options
  • Easy to operate platform
Contra
  • Fees are high (3-11.9%)
  • No leveraged trading
  • No App
Has been hacked? No Fees
Deposit Fees:
N/A
Withdrawal Fees:
N/A
Trading Fees:
0.25%-8.75%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
For India
60 60
Pro
  • Extremely easy to navigate
  • Referral Program
  • Community Involvement
  • Paper Wallet
Contra
  • Expensive Bitcoins
  • Negative reviews (Customer service related)
  • Customer Service is below average
  • Verification Process is tedious
Has been hacked? No Fees
Deposit Fees:
No
Withdrawal Fees:
Yes
Trading Fees:
1.00%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
Many Problems
80 80
Pro
  • Low fees
  • Excellent liquidity in EUR markets
  • Margin trading supported
Contra
  • Weak support for mobile platforms
  • No "advanced" orders (stoploss etc.)
  • Often has uptime problems when market gets hot
  • Volume lags a bit in BTC/USD
Has been hacked? No Fees
Deposit Fees:
Yes, in some cases
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.26%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? up to 5x
Visit Website
Best Support
60 60
Pro
  • Superb liquidity, often the best in the world
  • Many advanced trading options
  • Low fees
Contra
  • Sometimes foreign traders have problems with verification
  • Chinese Exchange (PBoC)
Has been hacked? No Fees
Deposit Fees:
In most cases no
Withdrawal Fees:
Yes
Trading Fees:
0.00%-0.10%
Security Excellent Trading
Futures? Yes
Derivatives? No
Margin Trading? up to 3x
Visit Website
66 66
Pro
  • Federally regulated
  • Available in all 50 states of USA
  • Good liquidity and competitive fees
  • Keeps BTC in cold storage, backed by audited reserve minimum
Contra
  • No mobile apps
  • No margin trading and short selling
  • No ACH transfers
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
Yes
Trading Fees:
0.20%
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
80 80
Pro
  • App-based BTC exchange/wallet
  • Competitive rates
Contra
  • Focused on the Indian market
  • Impossible to create an account if you’re not from India
Has been hacked? No Fees
Deposit Fees:
Yes
Withdrawal Fees:
0.0002 BTC
Trading Fees:
N/A
Security Excellent Trading
Futures? No
Derivatives? No
Margin Trading? No
Visit Website
Show more Bitcoin Exchanges

Best Bitcoin Exchange for India

Again disunity and confusion in India. As was announced earlier this week, the Indian Central Bank (RBI) is planning its own crypto currency. Meanwhile, the Indian police have issued a public statement warning against investing in crypto currencies.

In the world’s second most populous country, the police have now issued a clear warning in favour of investing in Bitcoin & Co. According to the police chief of Jammu and Kashmir, neither the government nor the central financial institutions support these forms of currency as legal tender.

The police believe that investing in crypto currencies can, in the worst case, cause individuals or institutions to lose money permanently. The public should remain vigilant so as not to become involved in fraudulent activities.

Eternal back and forth in regulation

In the South Asian state, reports such as these no longer seem surprising. In recent months, there have been repeated disputes about regulations and draft laws in the actually crypto-affine state. In one case, for example, a whole series of crypto exchanges filed a lawsuit against the government. They accuse the government of trying to stifle the scene in the country by repressing crypto currencies. The Indian government also seemed to want to dispel these accusations by pointing out the existence of a crypto task force.

And what about the international situation?

Meanwhile, the Indian police are not completely alone with their warning. German institutions such as the Consumer Association continue to regard an investment in Bitcoin & Co. as risky. In November 2018, it warned of high investment losses or dubious providers who lure with quick wealth.

The European Union was also critical in February 2018. However, it warned of the high risk involved in trading crypto currencies. Meanwhile, states like Thailand are resorting to bans to stop the run on the virtual gold Bitcoin. Countries such as Singapore, Switzerland and Malta show that there are other ways. Governments have a rather positive attitude towards trading in crypto currencies.

Ecocomy

India is a managed economy that has been increasingly deregulated and privatized since 1991. Since then, economic growth has accelerated significantly. According to many observers, the performance of the Indian economy has now reached a top international level in some sectors (information technology, pharmaceuticals).

The growth of production in the Indian economy is hampered in particular by deficiencies in the often outdated infrastructure, above all by bottlenecks in energy supply, which lead to frequent power outages. Despite the liberalization of the economy that began in 1991, industry and the banking sector in particular continue to suffer from frequent state intervention and slow political decision-making processes. The protection of inefficient state-owned enterprises from competition remains an obstacle. Another negative factor is widespread corruption. Moreover, labour market regulations, which make it very difficult to lay off workers, for example, continue to affect the investment climate. Foreign investors are thus deterred. India is also losing a large number of qualified workers abroad (brain drain). On the other hand, it is the largest beneficiary of remittances from emigrants abroad in the world. In 2016 they amounted to US$ 62.7 billion and thus contributed almost 3% to economic output.

India’s integration into the world economy has intensified in recent years. The country is increasingly benefiting from the advantages of the international division of labour and globalisation. However, the Indian economy is still very strongly oriented towards the domestic economy. Its share of the global economy is still just under three percent, although imports and exports have grown strongly in recent years. The low shares of exports and imports in the gross domestic product still indicate considerable growth potential. In 2016, exports of goods and services accounted for just over 19.2 percent of gross domestic product, while imports accounted for 20.6 percent.

India’s medium- and long-term growth prospects are often viewed very favourably. Some studies expect India to grow even faster than China in the future. Apart from the great backlog demand, especially in the area of infrastructure, the age structure of the population in particular suggests that economic growth will remain strong. The current high proportion of young people in the population will ensure a high proportion of people of working age in the coming decades. The expected “ageing” of the population in Europe and China will occur much later in India. Growth will also be supported by the already large supply of qualified workers and the increasingly close integration into the global economy.

The high currency reserves and relatively low foreign debt should strengthen the confidence of foreign investors in the development of the Indian economy. So far, foreign direct investment in India has been low by international standards, especially with China. The government of Narendra Modis, which is regarded as economically liberal, is trying to attract foreign investment with reforms and initiatives such as the Make-in India campaign. In the World Bank’s Ease of Doing Business Index, India ranked 100th out of 190 countries in 2017. India thus improved by 30 places compared to the previous year and was among the top 100 countries for the first time.

The current high level of poverty, uneven income distribution and high unemployment hold potential for conflict. India had 104 billionaires in 2017, the fourth highest number of billionaires in the world behind the US, China and Germany, while over 20% of the population lived in extreme poverty and 96.2% of Indians had private wealth of less than US$10,000. To date, however, India has enjoyed remarkably high social stability.

In the Global Competitiveness Index, which measures a country’s competitiveness, India ranks 40th out of 137 countries (as of 2017-2018). In the Index for Economic Freedom, India ranked 143th out of 180 in 2017. According to Transparency International’s Corruption Perceptions Index, India ranked 79th out of 176 countries in 2016, along with Belarus, the People’s Republic of China, and Brazil, with 40 out of a maximum of 100 points.

Current macroeconomic development

From 2005 to 2015, India’s gross domestic product (GDP), adjusted for inflation, grew by around six to seven percent annually. According to preliminary figures, it rose by 7.4 percent in 2015. Despite the significant acceleration in growth in recent years, the official unemployment rate at that time was still nine percent – although a considerable number of unemployed people are to be expected who are not covered by the statistics. The total number of employees for 2017 is estimated at 521.9 million. A large part of them work in the informal sector. 24.5 % of the workforce is female, which means that women still have a relatively low level of labour market participation.

The development of public finances also remains unsatisfactory. The general government budget deficit is between nine and ten percent of gross domestic product, with a slight downward trend. About half of this is accounted for by the deficit of the central government.

However, India’s creditworthiness is increasingly being assessed better by the leading credit risk assessment agencies against the backdrop of favourable macroeconomic developments. According to the rating agency Moody’s, Fitch also raised its rating of the Indian state’s borrowing to the lowest investment grade at the beginning of August 2006.

In the wake of India’s increasing international economic integration, the country was also affected by the global economic crisis from 2008 onwards. The country’s steady annual economic growth collapsed. The reasons cited are the young, globally active Indian capital market, high private credit indebtedness, rising unemployment figures and falling domestic demand and export figures. Government stimulus packages were launched to combat the crisis, including infrastructure programmes, tax cuts and subsidies for the export industry.

India’s economy has regained momentum in recent years. Economic growth in 2015 was 7.9 %. The gross domestic product in 2016 in the same period was about 2,251 billion US dollars, the nominal GDP per capita about 1,723 US dollars. Inflation fell from about 10 % at times to about 5 % at present. According to experts, India will probably not only be the world’s most populous country by the middle of the century, but will also become the world’s third-largest economy (after the USA and China). Nevertheless, India still has to struggle with a high level of poverty among its population. About 30 % of the population currently live below the poverty line of 1 US dollar per capita per day.

 

Share your Experiences

One User-Review for Best Bitcoin Exchange for India
  1. Sri, 18. June 2019

    A decent trading platform, whilst I was put off at first about the reviews, if you just read the T&C’s and employ some logic, theres no reason you cant make good money, especially with the copytrade feature. Would definitely recommend.