Top Cryptocurrency Exchanges in India.

manav24

member

Activity: 122

Merit: 13

The best crypto exchanges in India in 2021 are:

1.PCEX Member
2.WazirX
3.CoinDcx
4.BitBns

My choice is PCEX Member as it has the lowest trading fee with a digital wallet whose custody is solely given to clients. There is no maker and taker fee. To start trading on PCEX Member, you just have to create an account, complete the KYC process, and link bank details with the account.

Why PCEX Member

- Five-layer security model
- User-friendly interface
- No hidden fees, only a single trading fee
- Multiple payment options including net banking, credit & debit cards, UPI and through wallets

lol you are shilling your own exchange as top exchange, nice.

Armani123

newbie

Activity: 18

Merit: 5

I don't know much about others but I'd definitely warn everyone to stay away from Zebpay. They scammed me of 27k. I have exchanged more than 25 letters with them. It's been more than a month and they haven't paid my funds back.

Throughout my complains, they have been telling me to be patient and now after more than 25 Emails exchanged, they are telling me that my funds have already been restored but I don't see anything.

So, I say, if you want to avoid heartache, stay far away from Zebpay. Go for Coinswitch, if you're into Indian exchange. It is very transparent compared to Zebpay.

Now, I am using Binance and I have not had a single issue with them. They have Indian Rupees INR exchange too.

Mrsonutiten

jr. member

Activity: 68

Merit: 1

I personally using this 2 indian exchange

My Honest Review

For New User who First Time in Crypto i suggest you to use coinswitch very simple

1st Coinswitch is best and fastest transaction And low fee and no issues in withrewal and deposit i personally using this app from when launched

2nd WazirX good normal and simple only 1 problem I'm facing some time inr withrewal to bank getting pending for 4-5 Hours In Rare If Traffic Was Very High

I'm recommended you to use coinswitch

akram143

full member

Activity: 1106

Merit: 166

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Quote from: pakhitheboss on October 29, 2020, 02:50:30 AM

There are a lot of scammers present at the local crypto website in India so be cautious before doing any transaction. I had a very bad experience there and hence have stopped using it.

I still prefer using exchanges like Giouttus and Wazirx where your chance of getting scammed is when they stop their business which I doubt will happen in the future.

Wazirx is safer but people who cashout cryptos into fiat are more towards the instant payouts over the secured that is why they prefer p2p where it almost take only few minutes to complete the trades.

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

Quote from: akram143 on October 14, 2020, 12:57:19 PM

Quote from: 100bitcoin on October 14, 2020, 09:44:20 AM

Quote from: reliable on October 12, 2020, 01:01:53 AM

Are their exchanges in India which work without KYC, or all of them require KYC as a mandatory after the government regulations being not still being very clear about the crypto stand in the country. Just wondering there would be thousands of users who might want to hold the crypto but due to the polices they might just not be ready to buy it.

There are plenty of such places where you can buy/sell Crypto against INR without KYC.

BTC: https://LocalCryptos.com/Bitcoin/India/

ETH: https://LocalCryptos.com/Ethereum/India/

LTC: https://LocalCryptos.com/Litecoin/India/

BCH: https://local.Bitcoin.com/offers/India/

A word of advice: Do not go by the best price. Go by popularity to avoid being scammed.

Also, I wish, more people in India start using https://bisq.network.

Localcryptos is good place to sell or buy cryptos but not really better because the prices are having huge difference from the market price and also not much of liquidity so you have to wait for few hours to days for a transaction to get completed while LBC just takes a min or two to get this done. I am not sure Bisq has any volume for INR, Anyone used it here?

There are a lot of scammers present at the local crypto website in India so be cautious before doing any transaction. I had a very bad experience there and hence have stopped using it.

I still prefer using exchanges like Giouttus and Wazirx where your chance of getting scammed is when they stop their business which I doubt will happen in the future.

akram143

full member

Activity: 1106

Merit: 166

★777Coin.com★ Fun BTC Casino!

Quote from: 100bitcoin on October 14, 2020, 09:44:20 AM

Quote from: reliable on October 12, 2020, 01:01:53 AM

Are their exchanges in India which work without KYC, or all of them require KYC as a mandatory after the government regulations being not still being very clear about the crypto stand in the country. Just wondering there would be thousands of users who might want to hold the crypto but due to the polices they might just not be ready to buy it.

There are plenty of such places where you can buy/sell Crypto against INR without KYC.

BTC: https://LocalCryptos.com/Bitcoin/India/

ETH: https://LocalCryptos.com/Ethereum/India/

LTC: https://LocalCryptos.com/Litecoin/India/

BCH: https://local.Bitcoin.com/offers/India/

A word of advice: Do not go by the best price. Go by popularity to avoid being scammed.

Also, I wish, more people in India start using https://bisq.network.

Localcryptos is good place to sell or buy cryptos but not really better because the prices are having huge difference from the market price and also not much of liquidity so you have to wait for few hours to days for a transaction to get completed while LBC just takes a min or two to get this done. I am not sure Bisq has any volume for INR, Anyone used it here?

100bitcoin

sr. member

Activity: 861

Merit: 423

Quote from: reliable on October 12, 2020, 01:01:53 AM

Are their exchanges in India which work without KYC, or all of them require KYC as a mandatory after the government regulations being not still being very clear about the crypto stand in the country. Just wondering there would be thousands of users who might want to hold the crypto but due to the polices they might just not be ready to buy it.

There are plenty of such places where you can buy/sell Crypto against INR without KYC.

BTC: https://LocalCryptos.com/Bitcoin/India/

ETH: https://LocalCryptos.com/Ethereum/India/

LTC: https://LocalCryptos.com/Litecoin/India/

BCH: https://local.Bitcoin.com/offers/India/

A word of advice: Do not go by the best price. Go by popularity to avoid being scammed.

Also, I wish, more people in India start using https://bisq.network.

reliable

full member

Activity: 868

Merit: 151

Quote from: webtricks on October 12, 2020, 01:25:54 PM

Quote from: reliable on October 12, 2020, 01:01:53 AM

Are their exchanges in India which work without KYC, or all of them require KYC as a mandatory after the government regulations being not still being very clear about the crypto stand in the country. Just wondering there would be thousands of users who might want to hold the crypto but due to the polices they might just not be ready to buy it.

Yes, if you want to purchase cryptocurrency in India, using Indian bank account and using Indian Exchange, you have to comply with KYC norms. Earlier P2P Exchanges like Remitano had options for Indian users to trade without revealing their identity but it was risky deal and scammers used hacked accounts to buy on such platforms. As per my knowledge, now none of the exchange allows Indian users to trade without doing KYC.

By the way, which policy are you referring to be exact? It isn't illegal to hold cryptocurrencies in India by any means. I don't see anything wrong with Exchanges asking users to do KYC. Every transaction done in Indian Rupee which resulted in income or profit for the parties is subject to taxation. That's why every user has to give his PAN Card during KYC process so Income Tax Department can track all your crypto purchases and sales and see if you are paying correct Capital Gain tax on such profits. KYC norms will remain same even if Indian Government explicitly make cryptocurrencies legal.

I wanted to refer that due to unclear policies like we all know what is the government stand on crypto right from beginning and they still stand the same. It was SC that came in picture in between and said to be legal and again the government is in mood to get pass the law in parliament to get it curbed. Now under such situation a person thinks what is going on or let government decide finally about it and then only may decide about investing in it.

webtricks

legendary

Activity: 1918

Merit: 1759

Quote from: reliable on October 12, 2020, 01:01:53 AM

Are their exchanges in India which work without KYC, or all of them require KYC as a mandatory after the government regulations being not still being very clear about the crypto stand in the country. Just wondering there would be thousands of users who might want to hold the crypto but due to the polices they might just not be ready to buy it.

Yes, if you want to purchase cryptocurrency in India, using Indian bank account and using Indian Exchange, you have to comply with KYC norms. Earlier P2P Exchanges like Remitano had options for Indian users to trade without revealing their identity but it was risky deal and scammers used hacked accounts to buy on such platforms. As per my knowledge, now none of the exchange allows Indian users to trade without doing KYC.

By the way, which policy are you referring to be exact? It isn't illegal to hold cryptocurrencies in India by any means. I don't see anything wrong with Exchanges asking users to do KYC. Every transaction done in Indian Rupee which resulted in income or profit for the parties is subject to taxation. That's why every user has to give his PAN Card during KYC process so Income Tax Department can track all your crypto purchases and sales and see if you are paying correct Capital Gain tax on such profits. KYC norms will remain same even if Indian Government explicitly make cryptocurrencies legal.

reliable

full member

Activity: 868

Merit: 151

Are their exchanges in India which work without KYC, or all of them require KYC as a mandatory after the government regulations being not still being very clear about the crypto stand in the country. Just wondering there would be thousands of users who might want to hold the crypto but due to the polices they might just not be ready to buy it.

allahabadi

full member

Activity: 966

Merit: 166

Quote from: rinkidas14 on October 11, 2020, 09:19:43 AM

I'm using Bitbns exchange from 2018 & I think Bitbns exchange is not bad but there bank withdrawal fees much more compere to the WazirX. WazirX exchange is also good but coindcx is one of the bad exchange in india, because this exchange have a big security flop & i think there users funds are not safe.

So my personal advice is don't use coindcx exchange

Bitbns isn't bad per se, but their BNS token shenanigans were a tad bit too much to handle, so I stay away from their products as such.
WazirX without is a good one, especially after that binance partnership stuff.
CoinDCX has had a few issues, but that's why they brought in that insurance and I'm not aware of many issues in recent past.

But then it's your money, so choose wisely.

rk8814719

copper member

Activity: 102

Merit: 0

WazirX user interface feels more suited to beginners or users that just prefer a simple and easy to use crypto exchange to buy Bitcoin,Eth Any other crypto currency.Best Feature My opinion for Indian people for P2p This feature very helpful india govt ban cryptocurrency Very useful P2p.

rinkidas14

jr. member

Activity: 518

Merit: 2

I'm using Bitbns exchange from 2018 & I think Bitbns exchange is not bad but there bank withdrawal fees much more compere to the WazirX. WazirX exchange is also good but coindcx is one of the bad exchange in india, because this exchange have a big security flop & i think there users funds are not safe.

So my personal advice is don't use coindcx exchange

libert19

hero member

Activity: 2520

Merit: 952

Quote from: Melloiga on September 04, 2020, 11:53:06 AM

The only one I wasn't aware of from the list is BuyUcoin. First time hearing its name.

But what I want to know is, just like CoinDCX allows staking coins to earn interest. WazirX has also added this feature where user can keep his coin and earn interest from 4-9% and it can seem lucrative to many since the bank interest is very low right now due to covid, it is at 5.50% if I am not mistaken but do they offer insurance like banks do?

What if the coins get lost, stolen, hacked etc. like it has happened many times in the past. And you'll hear experts often tell you to not keep your coins in an exchange unless you're trading. Which is another added feature by WazirX, you can trade your coins at the same time they're being staked and interest gets adjusted based on how many coins were being staked for how much time.

So, do you guys think it is safe to keep coins at these exchanges for the sake of earning interest? Do these platforms offer any insurance?

Coindcx has insurance afaik, few months sgo someone was hacked for 3 BTC and they reciprocated it.

Further reading:

1) https://coincrunch.in/2020/06/07/heres-how-someone-stole-3-btc-from-a-coindcx-users-account/#How_did_CoinDCX_react

2) https://bit2buzz.com/news/Indian-Exchange-Coindcx-Responds-to-3btc-Hack-Incident

allahabadi

full member

Activity: 966

Merit: 166

Quote from: trappiprajesh on September 27, 2020, 02:14:49 PM

From all this list, I have heard and use only Wazirx. It is strange that the author mentioned this entire list, I do not think that these exchanges are popular

I'm very surprised again, CoinDCX and bitbns are quite famous.
Infact bitbns even advertised in newspapers if I'm not wrong. They even had some IEO of sorts and has a huge userbase, although wazirx has overtaken now I think.

But always beware while using any site.

trappiprajesh

newbie

Activity: 9

Merit: 0

From all this list, I have heard and use only Wazirx. It is strange that the author mentioned this entire list, I do not think that these exchanges are popular

allahabadi

full member

Activity: 966

Merit: 166

Quote from: Shiftal on September 09, 2020, 12:15:41 AM

Here I am introducing
"Shiftal" - A secure, advanced, and best P2P crypto exchange trading platform integrated with robust and unique features. Shiftal is a European regulated buy and sell bitcoin platform with 70+ payment modes. our best BTC trading platform helps you transfer your funds instantly with a highly secure Escrow system that helps to have a smooth transaction between buyer and seller and where you can control all your transactions easily, Partnered by YOTI for a highly advanced automated eKYC system to keep shiftal users safe and secure. Trade your cryptocurrency with low transactional fees on trading as well as on withdrawals allowing our users to maximize their profits with multi-currency wallets.
Shiftal Exchange allows you to buy and sell BTC or ETH by using 70+ payment options.

Why to choose Shiftal to trade your cryptocurrency.

1. Hassle-Free trading.
2. Low transaction fees on trading as well as on withdrawals.
3. High Security by Escrow System.
4. Transparency ( Automated eKYC ).
5. Multicurrency Wallets.
6. Easy to navigate user interface.

Have a Safe Trade.

Please make a proper ANN thread with all details and such. If u hv issues in posting pics or so; just ask for copper membership to post it.

Shiftal

newbie

Activity: 15

Merit: 0

Here I am introducing
"Shiftal" - A secure, advanced, and best P2P crypto exchange trading platform integrated with robust and unique features. Shiftal is a European regulated buy and sell bitcoin platform with 70+ payment modes. our best BTC trading platform helps you transfer your funds instantly with a highly secure Escrow system that helps to have a smooth transaction between buyer and seller and where you can control all your transactions easily, Partnered by YOTI for a highly advanced automated eKYC system to keep shiftal users safe and secure. Trade your cryptocurrency with low transactional fees on trading as well as on withdrawals allowing our users to maximize their profits with multi-currency wallets.
Shiftal Exchange allows you to buy and sell BTC or ETH by using 70+ payment options.

Why to choose Shiftal to trade your cryptocurrency.

1. Hassle-Free trading.
2. Low transaction fees on trading as well as on withdrawals.
3. High Security by Escrow System.
4. Transparency ( Automated eKYC ).
5. Multicurrency Wallets.
6. Easy to navigate user interface.

Have a Safe Trade.

lordquanta

sr. member

Activity: 770

Merit: 268

Zebpay is a trusted player in Indian crypto-market with proven a track-record. Even though Zebpay has some issue with their interface and pricing, so far they have shown they are here to stay and do the business.

webtricks

legendary

Activity: 1918

Merit: 1759

Quote from: JTripathy on September 06, 2020, 04:54:20 PM

Self tested:-
(1) WazirX
Issue for INR depositing because of Current Account manual money sending issues.. and withdraw fee also.

Can you explain in more details what issue are you pointing out here about WazirX? As far as I know, deposits are credited almost instantly if you send INR to WazirX's Current Account from the bank account you have verified with WazirX.

Also, deposit fee is just ₹5.9 and withdrawal fees are ₹10 (IMPS) and ₹5 (NEFT) which I consider negligible. Not a big issue for me.

Topic: Top Cryptocurrency Exchanges in India. (Read 626 times)