Cryptocurrencies have been shaking up the world, and India is right in the middle of this digital revolution. With more and more Indians getting interested in cryptocurrencies, there's a huge demand for crypto exchange mobile applications that are reliable and easy to use. And that's why I’ve come up with this “best crypto app in India” list!
However, besides giving you names - that include big ones, such as Binance, Bybit, and Kraken -, I will also provide some insight on the Indian crypto landscape. Of course, this involves exploring the legal framework surrounding cryptocurrencies!
Furthermore, I will explain the key factors you need to consider when selecting the best app for crypto trading in India. In other words - the criteria used to evaluate and choose these apps. By understanding these important aspects, you'll be equipped with the knowledge to make an informed decision and pick the perfect crypto app for your needs.
Here is the list of the crypto apps I’ve selected:
Let's get to it!
Best Crypto App in India: Evaluation Criteria
As you already know, when searching for the best crypto app in India, the first thing you should check is if the app is available in your country, and, most importantly, if it follows all necessary legal measures and requirements.
Security, of course, also plays a significant role – choose apps that prioritize robust security measures like two-factor authentication (2FA) and cold storage options to safeguard your funds from potential threats.
Now, another crucial factor is the support of the Indian Rupee (INR) as a payment method. The reason for its importance is quite obvious, as having the option to trade and transact in your local currency simplifies the process and eliminates the need for currency conversions.
Moreover, since a good amount of taxes are needed to be paid, in order to do crypto transactions in India, an app that demands the smallest transaction fee possible definitely catches the eye, right? Thus, it’s essential to look into the fees charged by the contender for the spot of the best crypto app in India!
A diverse range of supported cryptocurrencies is also an important consideration: you should prioritize apps that offer a wide selection of popular cryptocurrencies, allowing you to explore various investment opportunities and diversify your portfolio.
And, of course, the wider the range of software systems compatible with the mobile application, the better. This includes popular platforms such as iOS and Android, among others.
Besides these, it’s also nice to keep an eye out for factors like user-friendliness, customer support, and any other additional feature that might improve your trading experience, like real-time market data.
So, that’s basically it for the criteria I used when selecting the best crypto exchange app in India. To see if any of these options align with your needs and preferences, stick with me as I go through my list!
1. Binance - Buy Crypto Using INR With 0% Fees
Ranks #1 out of 8 Crypto Exchanges
- + A very well-known crypto exchange platform
- + More than 500 different cryptos available
- + Two-factor authentication
- + P2P trading option
- + Emphasis on security and KYC
- + Supports fiat-crypto acquisitions
- - Might be a bit difficult for beginners
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Of course, a big exchange platform such as Binance couldn’t be left out of this “best crypto app in India” list. That’s because, beyond all of the amazing features this platform has - that we will look into in a bit -, it also provides the possibility of trading anywhere and anytime, with its mobile application!
By the way, Binance has its region-specific Binance India platform! As you might guess, this means that this platform is legal and legit in this country - it follows all necessary AML regulations.
Also, Binance India offers the same features and services as the standard platform, including spot, margin, derivatives, and OTC Block trading, as well as swap farming. So, no need to worry about missing out on anything!
Besides the smartphone app, Binance enables users to trade through a desktop program and the website. There aren’t many differences between these options. However, you can definitely say that the crypto app has the advantage of being very practical! But, what are the other benefits that make the Binance app one of the best crypto trading apps in India?
First of all, Binance is known for being very secure due to the safety measures and protocols applied. These important features include two-factor authentication, cold storage, and thorough KYC procedures.
To put it simply, 2FA adds an extra layer of security by requiring two types of verification, like a password and access to a mobile device. Cold storage keeps your cryptocurrencies offline, reducing the risk of hacking. And KYC involves confirming your identity by submitting documents, such as an ID.
Of course, this means that if you want to trade completely anonymously, Binance is not the ideal choice. However, do remember that, regardless of the app you pick, you will still need to provide personal information to follow India’s regulations.
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Table: General information about the Binance cryptocurrency exchange
Anyway, fee-wise, Binance doesn’t disappoint either, as it has some of the lowest trading fees in the market - it doesn’t go higher than 0.1%. Actually, you can even trade for free through Binance’s zero trading fee promotion for the BUSD/USDT stablecoin pair. Isn’t it great?!
Another outstanding feature of Binance is the wide range of crypto and fiat currencies supported (over 350)!
Naturally, this includes the Indian Rupee. Though, you can only buy crypto assets with INR on the Peer-to-Peer marketplace (with a 0% fee) or through third-party payment methods, such as WazirX. That’s because there are no trading pairs with this fiat currency, meaning you can’t deposit or withdraw it into your Binance account.
Lastly, regarding the software systems that are compatible with it, Binance’s app can be downloaded on both iOS and Android.
So, overall, Binance has rightfully earned its place as a top-notch choice for the best crypto exchange app in India due to its high-level security, competitive fees, and diversity of supported crypto and fiat currencies.
2. Kraken - Best for Beginners
Ranks #2 out of 8 Crypto Exchanges
- + Secure and reliable
- + Low fees
- + A good amount of fiat currencies accepted
- - Not the most helpful customer service
As one of the most popular exchanges globally, especially among beginners, Kraken has established itself as a great platform for crypto trading in India. What’s even better, its mobile version reaches the same level of quality, being considered one of the best crypto apps India has to offer.
While it may not be regulated by FIU, Kraken prioritizes compliance with Anti-Money Laundering and Counter-Terrorism Financing regulations, including strict KYC procedures to verify user identities and place of residence.
Remember, as an Indian trader, there are fewer possibilities to trade completely anonymously due to the national laws surrounding crypto trading!
Now, unfortunately, Kraken has a limitation: it does not support INR transactions. Instead, it offers the purchasing of cryptocurrencies using USD through Visa/Mastercard or Google/Apple Pay. The minimum purchase is $10, with a maximum limit of $5,000 per week, providing flexibility to Indian users.
However, despite that, Kraken goes above and beyond by offering not just one, but two versions of their feature-packed platform: there is the basic version, which is suitable for everyone, and the Pro version, designed specifically for more experienced traders.
The features present in both options include spot, margin, futures, and OTC trading, as well as the Instant Buy feature, staking possibilities, and the NFT marketplace.
But what makes it even better is that this extends to their mobile app, as well. Yes, Kraken has separate mobile apps for each version, ensuring that users can enjoy a tailored trading experience based on their knowledge and preferences. And both are available for Android and iOS! Quite nice, right?
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Table: The pros and cons of the Kraken crypto exchange
Also, here is an interesting fact: Kraken used to have an app exclusively for futures trading. However, they made the decision to discontinue it in 2022, so regrettably, you can't download it anymore.
Though, if you were lucky enough to have it before it was discontinued, you can still use it. Just keep in mind that Kraken won't provide support or updates for it anymore.
Now, Kraken's fees can range from 0% up to 0.26% and are determined by whether you are buying or selling. Typically, the fee for buying is around 0.16%, while for selling, it's around 0.26%. These fees can also vary depending on the currency pair being traded and your trading volume over a 30-day period.
Overall, despite the lack of INR support, Kraken continues to be recognized as one of the best apps for crypto trading in India, particularly for beginners.
3. Bybit - Great Customer Support
Ranks #3 out of 8 Crypto Exchanges
- + Very low trading fees
- + Exceptional functionality
- + Mobile trading app
- + Helpful customer support
- + Up to 100x leverage
- - Might have a steep learning curve
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When it comes to the best crypto apps in India, Bybit also stands out as a top contender. Originally a derivative trading exchange, nowadays it also offers spot and futures markets for trading, exchanging, and managing multiple cryptocurrencies.
What’s better, its mobile trading app brings a lot of convenience to your investments!
And, yes, Bybit is safe to use in India, as it operates in compliance with AML regulations and is not included in the list of restricted countries for Bybit’s services. By the way, because some places are not allowed to use the platform, this exchange requires your location when signing up.
Available on Google Play and on the Apple store, the Bybit app enables seamless trading and provides multiple features, including the “Stop Loss and Take Profit” functionality, real-time price notifications, easy conversion between different cryptocurrencies, and much more.
Now, security-wise, Bybit uses many methods to safeguard the users’ investments, such as 2FA, anti-phishing code, and multi-signature cold wallet storage. Naturally, because it follows AML regulations, Bybit also has a strict KYC policy.
Moreover, when it comes to fees, Bybit is among one of the most affordable exchange platforms out there - the fee ranges from 0.1% to 0.005% for spot trading, but it can go as low as 0% for futures trading.
By the way, Bybit’s fee system for spot and derivatives trading depends mostly on the user’s trading volume, meaning that the more you trade, the lower your fee will be!
Moving on, as of 2023, Bybit supports an array of over 100 different coins and tokens. Although it doesn’t seem like a lot compared to some other platforms here, Bybit keeps improving, which is a great sign of its resolve towards making the users’ experience even better!
BYBIT | |
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A popular crypto derivatives exchange with some super-low trading fees. | |
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Table: Some general information on the Bybit crypto exchange
Also, regarding INR support, Bybit’s users can buy crypto using Indian Rupees through P2P trading, bank transfers, or UPI. Note that it is not possible to deposit or withdraw INR into or from your Bybit account. Additionally, there are no trading pairs available with this currency on the platform.
Besides that, the app has a clean design, great performance that prevents any crashes, as well as 24/7 customer support. So, you get assistance anytime you want - and through different channels, such as live chat and email.
Given all of that, it doesn’t come as a surprise that Bybit’s app is considered one of the best crypto trading apps in India, right? Whether you are a beginner or an experienced trader, Bybit offers a reliable and efficient platform to engage in crypto trading activities!
Did you know?
Compare Crypto Exchanges Side by Side With Others
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4. KuCoin - Over 700 Crypto Assets Available
Ranks #4 out of 8 Crypto Exchanges
- + Strong security measures
- + Over 700 supported cryptocurrencies
- + A variety of trading and earning features
- + Competitive fees
- - Not available for US traders
- - Might be somewhat complicated for beginners
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KuCoin needed to be included on this list of the best crypto apps in India! With its user-friendly interface, comprehensive features, great security measures, and strong local communities, KuCoin has earned a reputation as one of the greatest cryptocurrency exchange platforms - and crypto apps!
As you might already know, KuCoin is a global exchange, meaning that it’s not supervised by any of India’s regulatory bodies. However, it does follow AML requirements. So, in short, this crypto app is definitely safe for Indians.
Talking about safety, KuCoin employs advanced encryption techniques, two-factor authentication, and cold storage to safeguard against hacking attempts and unauthorized access. Of course, it also has a KYC policy.
Furthermore, regarding the app’s features, Indian users are able to engage in spot, margin, and derivatives trading. Besides, there are also earning programs, a learning hub, trading bots, and many other services and features.
With over 700 available crypto assets, KuCoin offers an extensive selection to cater to diverse trading preferences. That certainly fits the description of the best crypto exchange app in India, doesn’t it?
Though, you might be wondering, what about Indian Rupees? Well, Indians can purchase crypto with INR through P2P trading and the “Fast Trade” feature. However, it’s not so simple: in order to do so, you need to use third-party payment channels like Banxa or BTC Direct, which can get pretty expensive due to the fees charged.
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Table: The pros and cons of the KuCoin crypto exchange platform
By the way, fee-wise, KuCoin has competitive trading fees that begin at 0.1% for both market makers and takers. And it can actually get lower than that, going down to 0.0125%, depending on your trading volume, and even reaching 0% through the 'Instant Exchange' feature, which allows for the free exchange of Ethereum, Bitcoin, Litecoin, and XRP.
So, with its user-friendly design and seamless functionality, the KuCoin app allows new or experienced traders to stay connected and manage their portfolios conveniently from their smartphones. Overall, KuCoin is a solid choice for its security, diverse features, and focus on the community!
5. Huobi - Only 0.099% Base Trading Fee for Indians
Ranks #5 out of 8 Crypto Exchanges
- + Very low fees
- + User-friendly interface
- + Most crypto assets are stored offline
- + 24/7 customer support
- - Only crypto assets available to be exchanged
Have you ever heard of Huobi? Well, it’s one of the most famous exchange platforms in the world, and it's definitely a top-notch choice for the title of the best crypto app in India.
Huobi is not registered with the FIU due to the fact that it’s a global platform. However, all of the AML measures are respected, meaning that it’s a completely legal crypto app for Indian traders!
Hence, this platform has a strict KYC policy. What’s more, talking about security, Huobi provides multi-signature cold wallets and has a 20,000 BTC Security Reserve Fund that was set up to cope with extreme security accidents - this, of course, is to ensure a high level of security for users.
As you can tell, Huobi truly strives to be the best app for crypto trading in India when it comes to safety.
Huobi doesn't hold back on features either. Indian traders get access to a wide range of tools and opportunities. You can explore spot, margin, and derivatives trading, take advantage of various earning programs, and even try your hand at using trading bots.
This crypto app is available on iOS and Android, and it has a similar design to its desktop and website versions. Although it aims to provide a seamless and complete trading experience, some users’ reviews point out that, due to the number of features it has, this app can be quite overwhelming for beginners.
HUOBI | |
Huobi Earn, Dual Investment | |
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Table: The features of the Huobi cryptocurrency exchange
That aside, Huobi fully supports INR: Indians can easily buy crypto using their credit or debit card, third-party payment gateways, or through P2P trading. Just keep in mind that each method may come with different fees, so choose what suits you best.
Now, does Huobi have good fees? Yes! Huobi has very low fees that are definitely worth praise. The platform has a basic trading fee of just 0.099%, a native token reduction fee of 0.07%, and an asset balance holding fee of 0.055%.
So, with this crypto app, you can trade and manage your cryptocurrencies anytime and anywhere seamlessly. That surely makes Huobi a good option when it comes to exchange apps for daily use in India.
6. CoinDCX - ₹100 as The Minimum Amount for Purchasing Crypto Using INR
Ranks #6 out of 8 Crypto Exchanges
- + Zero fees for INR deposits and withdrawals
- + Registered with the Financial Intelligence Unit (FIU)
- + VC funding channel
- + Instant purchases
- - INR is the only supported fiat currency
- - Limited leverage capabilities
CoinDCX couldn’t be left out of this "best crypto app in India'' list, since it’s one of the largest exchanges in the country. And it’s actually India-based! So, available for Android and iOS, this crypto app was specially designed for Indian traders.
Naturally, being originally from India, CoinDCX is required to be registered with the Financial Intelligence Unit (FIU) and to follow AML rules. So, is this platform in compliance with these regulations? Of course! Otherwise, it wouldn’t be on this list.
CoinDCX took all the necessary steps to register with the Financial Intelligence Unit in March 2023, aligning itself with the latest crypto regulations in India and adhering to essential anti-money laundering rules.
Still, on the topic of safety, CoinDCX uses multilayer authentication to verify the user’s identity, as well as deep encryption of your data and multi-sig cold wallets!
When it comes to transactions in Indian Rupees (INR), CoinDCX supports buying / selling crypto and depositing / withdrawing INR from your account. Furthermore, this exchange allows different payment methods, such as UPI / IMPS, credit / debit cards, and bank transfers.
This level of INR support surely fits the best crypto exchange app in India, right? By the way, the minimum amount for purchasing crypto using INR is just ₹100.
As for its features, CoinDCX offers spot, margin, and futures trading. It also provides opportunities for earning, a learning platform, and API services. You'll have access to a wide range of over 100 cryptocurrencies to trade.
In terms of fees, CoinDCX operates on a tiered maker-taker fee structure for spot and margin trading based on trading volume, ranging from 0.5% to 0.15% for both makers and takers. Withdrawal fees vary depending on the cryptocurrency, while there are no INR withdrawal or deposit fees.
The app has nice standard features and great support of INR, as well as a clean and intuitive interface. Surely, this crypto app offers a lot of convenience for Indian traders, making it a great choice for crypto trading in India!
7. WazirX - Wide Range of Trading Pairs with INR
Ranks #7 out of 8 Crypto Exchanges
- + Beginner-friendly user interface
- + Quick order execution
- + Over 230 supported cryptocurrencies
- - Relatively high fees
Another India-based option for this list of the best crypto apps in India is WazirX, a platform that proudly claims to be "the most trusted cryptocurrency exchange in this country".
WazirX registered as a Virtual Assets Service Provider (VASP) with the FIU in March 2023. Hence, it follows all the necessary regulations and requires users to complete the KYC process.
Being an Indian-based exchange, WazirX naturally supports INR and, what’s even better, it offers a wide range of trading pairs with INR. That way, Indian users can buy and sell popular cryptocurrencies like USDT, BTC, TRX, SHIB, ETH, and more.
Also, depositing and withdrawing INR to and from your WazirX account is a breeze! However, in order to make withdrawals, your bank account needs to match your KYC details as well as support IMPS and NEFT modes.
With over 200 top cryptocurrencies, you can do spot and P2P trading. Besides, WazirX provides API services, catering to the needs of traders.
In terms of app design, WazirX is available for both Android and iOS and is considered to be beginner-friendly and easy to navigate due to its clean interface and simple features. However, note that, because it caters a lot to new traders, experienced ones might feel that this crypto app lacks some advanced options!
Lastly, fee-wise, WazirX operates on a maker-taker fee structure, with both makers and takers charged a 0.2% fee. P2P trading, on the other hand, incurs no fees for buying and selling crypto. Among the global exchanges included here, WazirX fees are not very competitive, though they are not bad either.
By the way, deposit and withdrawal fees vary depending on the specific cryptocurrency.
So, overall, WazirX is a deserving addition to this list of the best apps for crypto trading in India, given its national popularity and user-friendly interface.
8. BuyUcoin - Second Longest-Running Crypto Exchange in India
Ranks #8 out of 8 Crypto Exchanges
- + Over 100 cryptocurrencies available
- + Built-in hot wallet
- + India-oriented crypto exchange (INR support)
- + Very simplistic trading interface
- - Mediocre fees
- - Seemingly India-exclusive
BuyUcoin is the second longest-running cryptocurrency exchange in India.
It claims to be the most secure crypto exchange in this country, and it’s proud of the user base it has built throughout the years. And how does it do that? Well, for one, BuyUcoin employs AES-256 encryption and CSRF Token Authentication for secure communication.
Real-time monitoring and 2FA further enhance the platform's security, guaranteeing a secure trading experience for users and safeguarding their personal information. What’s more, the platform keeps 95% of customer funds stored in offline cold storage.
Of course, it also has a KYC policy, and it follows all other measures that comply with AML regulations, as expected from a legitimate Indian exchange. It goes without saying that BuyUcoin is a registered exchange platform.
Now, in terms of Indian Rupees compatibility, BuyUcoin supports INR and USDT pairs, among over 130 other assets. Hence, traders can buy, sell and trade cryptocurrency on Real Time Exchange, OTC Desk, or derivatives platform through the app!
What’s best, you can some BTC for free by signing up on BuyUcoin! Also, fee-wise, BuyUcoin charges a 0.24% fee per trade for both maker and trader.
The app has a clean and intuitive design, offering a light and dark mode to suit your preferences. So, if you want a crypto app that is secure, legitimate, and provides great INR support, BuyUcoin is a decent option!
Overview of Cryptocurrency Trading in India
So, now that you're aware of the best crypto app in India options, let me go through a few factors that are particularly important when picking out the best app for yourself. First and foremost, let’s talk about the Indian cryptocurrency scenario[1].
Cryptocurrency trading in India has witnessed significant growth in the past few years, but did you know that, until very recently, crypto exchanges were prohibited in this country?
That’s because, in April 2018, the Reserve Bank of India (RBI) established laws that prevented financial institutions from providing banking services to crypto exchanges. Fortunately, though, in 2020, the ban was lifted, making crypto trading legal in India.
Despite this new status, though, there was a lack of proper regulations, which led to a rise in illegal activities. However, it didn’t take long for Indian authorities to start acting: in 2022, the Enforcement Directorate and Income Tax Department conducted investigations into at least 10 cryptocurrency exchanges, which were allegedly assisting foreign companies in using cryptocurrencies to launder money.
As a response to the Financial Action Task Force's (FATF) call for prioritizing the verification of cryptocurrency users' identities, India went even further, and, on March 7, 2023, the crypto industry in this country was firmly placed within the Anti-Money Laundering (AML) regulatory framework.
And the results? Crypto exchanges operating in India are now required to register with the Financial Intelligence Unit (FIU) and follow the regulations set by the Prevention of Money Laundering Act (PMLA).
Crypto-related businesses are also obligated to promptly report any suspicious activities to the FIU and conduct verification processes like Know Your Customer (KYC).
Note that only exchanges originally from India need to register with the FIU, meaning that global platforms such as Binance, Coinbase, and Kraken are exempt from that. Though, they still need to comply with AML requirements!
Now, when it comes to the users, Indians need to pay a 30% Capital Gains Tax on all crypto transactions, along with a surcharge and a 4% cess[2]. Besides, a 1% Tax Deducted at Source (TDS) is applicable to purchases, sales, and even gifting of cryptocurrencies.
By the way, this is due to the new tax regulations targeting cryptocurrencies and non-fungible tokens (NFTs) that were introduced in 2022.
So, given the intricate legal landscape surrounding cryptocurrencies in this country, it comes as no surprise that Indians are looking for the best crypto app in India that's legitimate and reliable, right?
However, when choosing the best crypto trading app in India, you should consider other factors besides legality and security - factors that I've outlined above, before going into the list of exchange apps!
Conclusions
So, when it comes to trading cryptocurrencies in the country, finding the best crypto app in India is crucial for a smooth and safe experience tailored to your needs. In order to nominate an ideal choice, though, it’s important to consider certain factors.
By evaluating things like how easy it is to use, the security features it offers, the fees it charges, and whether it supports Indian rupees, I’ve assembled this list of some of the top-notch choices for crypto exchange apps.
From famous exchange platforms, such as Binance, Bybit, and Kraken, to lesser-known ones, there are some really interesting options. However, remember that the best crypto trading app in India is the one that fits your trading goals and preferences!
So, take a moment to explore, think about the criteria, and choose the application that works best for you. If you do that, you will be ready to dive into the world of cryptocurrencies and unlock the potential for growth and prosperity that it offers!
The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.
Whether or not the cryptocurrency exchange offers an opportunity for investors to observe the trading behavior of their peers.