Is it legal to buy Bitcoin and Crypto in India?

Yes it is completely legal to buy and sell digital assets in India. The Indian government has been supportive of the cryptocurrency industry, and while they are yet to implement any formal regulations, there have been no instances of any interference by the government. The Supreme Court of India recently overturned a ban on cryptocurrencies in 2020, paving the way for legal buying and selling of digital assets.


Best 5 Cryptocurrency Exchanges in India

Below you can find a detailed list of the Five Best Crypto Exchanges in India. These platforms have been ranked by comparing their key factors like supported tokens, INR deposit methods, pricing, security and regulation, customer support options, plus more.

1. OKX - Best Overall Crypto Exchange in India

O‍KX is a global crypto exchange based in Seychelles that offers its services to over 60 countries including India. The platform supports the widest range of INR deposits out of any exchange in this list. OKX also provides several other features such as spot, margin, options and derivatives trading with up to 50x leverage, plus an NFT marketplace and hundreds of crypto staking options.

  • Fees: There are no fees to deposit or withdraw funds from OKX. There is a 0.1% fee on spot markets and the futures maker/taker rebate is 0.02%/0.05%.
  • Supported Tokens: 340+ cryptocurrencies
  • Proof of Reserves: Provides proof-of-reserves.
  • Customer Support Options: Live Chat, Email, Ticketing System & Social Media.
  • INR Deposit Methods: Bank Transfer, Debit Card, Credit Card, UPI, PayTM, IMPS, PhonePe and more.
OKX - Best Overall Crypto Exchange in India

If you would like to learn more about this exchange, you can visit our detailed OKX Review.


2. Bybit - Best Futures Crypto Exchange

Bybit is a Singapore-based cryptocurrency derivatives exchange that offers up to 100x leverage on its perpetual contracts. It is one of the largest crypto exchanges in the industry with over $2 billion traded everyday and serves users from around 180 countries including India. The reason for its popularity is because it doesn't require KYC (identity verification) in order to use the platform.

  • Fees: There are no fees to deposit or withdraw funds from Bybit. There is a 0.1% fee on spot markets, and the futures maker/taker rebate is 0.01%/0.06%.
  • Supported Tokens: 400+ cryptocurrencies.
  • Proof of Reserves: Provides proof-of-reserves.
  • Customer Support Options: Live Chat, Email, Ticketing System, Phone & Social Media.
  • INR Deposit Methods: Bank Transfer, Debit Card, Credit Card, UPI & PhonePe.
Bybit - Best Futures Crypto Exchange.

If you would like to learn more about this exchange, you can visit our detailed Bybit Review.

3. CoinDCX - Best Indian Crypto Exchange

CoinDCX is an Indian based cryptocurrency exchange that was founded in 2018. It is the largest crypto exchange in India with over 13 million registered users and holds more than 20 billion USD worth of cryptocurrencies. CoinDCX has a wide range of features including spot and derivatives trading, crypto staking and an advanced trading platform called CoinDCX Pro.

  • Fees: There are no fees to deposit or withdraw funds from CoinDCX. There is a 0.%% fee on spot markets, and the futures maker/taker rebate is 0.02%/0.05%.
  • Supported Tokens: 200+ cryptocurrencies.
  • Proof of Reserves: Does not provide proof-of-reserves.
  • Customer Support Options: Live Chat, Email, Ticketing System & Social Media.
  • INR Deposit Methods: IMPS & UPI.
CoinDCX - Best Indian Crypto Exchange.

4. WazirX - Best Alternative Indian Crypto Exchange

WazirX is another popular cryptocurrency exchange based in India that was founded in 2018. It is best known for its P2P services which allows users to directly buy and sell cryptocurrencies at a pre-determined price. WazirX offers multiple markets including spot trading, margin trading and derivatives trading.

  • Fees: Deposit and withdrawal fees vary depending on the asset, view detailed summary here. Spot trading fee is 0.2%.
  • Supported Tokens: 150+ cryptocurrencies.
  • Proof of Reserves: Does not provide proof-of-reserves.
  • Customer Support Options: Live Chat, Email & Social Media.
  • INR Deposit Methods: UPI, IMPS, NEFT & RTGS.
WazirX - Best Alternative Indian Crypto Exchange.

5. KuCoin - Best Altcoin Crypto Exchange

KuCoin is a Hong Kong-based cryptocurrency exchange that was founded in 2017 and is considered one of the most popular altcoin exchanges. It offers spot, margin and derivatives trading with up to 100x leverage on its futures contracts. It also supports around 500 different digital assets. The exchange also doesn't require KYC for withdrawals up to 1BTC per day.

  • Fees: Deposits & withdrawals are free and spot trading starts from 0.1%. The derivatives maker/taker rebate is 0.02%/0.06%.
  • Supported Tokens: 600+ cryptocurrencies.
  • Proof of Reserves: Does not provide proof-of-reserves.
  • Customer Support Options: Live Chat, Email, Ticketing System, Phone & Social Media.
  • INR Deposit Methods: Bank Transfer, Debit Card, Credit Card, UPI, IMPS & PhonePe.
KuCoin - Best Altcoin Crypto Exchange.

If you would like to learn more about this exchange, you can visit our detailed KuCoin Review.


The Bottom Line

When it comes to finding the best cryptocurrency exchange in India, there are a few things to consider. Each exchange has its own set of features and fees which need to be taken into account. It is also important to consider the customer support options available as well as the regulations in India. We recommend doing your research before selecting an exchange that works for you and suits your trading needs.