Top Crypto Trading Platforms in India

India has become one of the most active cryptocurrency markets, fueled by a growing user base. Investors have access to a mix of domestic and global platforms registered with the Financial Intelligence Unit (FIU), each offering different features, security measures, and INR deposit options. Here is a comparison table of the top five crypto exchanges for Indian traders.

1. Bybit

Bybit is a top exchange, known for its highly liquid markets, advanced trading tools, and diverse investment products. Since launching in 2018, it serves over 66 million users, processing $40+ billion in daily volume. It offers spot, margin, futures, and options trading, with leverage up to 100x on perpetual contracts. 

The Unified Trading Account allows seamless capital allocation across trading products, while Bybit Copy Trading enables users to mirror professional traders' strategies. Beyond trading, Bybit Earn provides multiple passive income options, including staking, dual asset investments, structured yield products, and liquidity mining. 

Security remains a priority, with cold storage, regularly updated Proof of Reserves, multi-factor authentication, and an insurance fund to protect traders. The platform is not registered with Indian regulators but remains accessible, with KYC mandatory for all users. It can also be used in Hindi, English and 20 other languages. 

• Fees: 0.1% for spot markets.
• Supported Assets: Over 1,700 digital assets.
• Regulation & Licensing: Registered as a Virtual Digital Asset Service Provider with the FIU.
• INR Deposit Methods: Bank transfers, UPI, IMPS, debit cards, credit cards, Paytm, BRI, BniBank, QRIS, Google Pay, and Apple Pay.

2. OKX

OKX is a leading global cryptocurrency exchange that provides deep liquidity, low fees, and a comprehensive Web3 ecosystem. Operating in over 180 regions, it is trusted by 30 million traders for its spot, margin, futures, and options trading. The platform offers zero trading fees on select Indian Rupee purchases.

The OKX Web3 Wallet gives users access to NFT marketplaces, decentralized applications, and blockchain gaming. With its earn platform, users can stake, lend, and participate in DeFi protocols to generate passive income. Institutional traders benefit from OTC liquidity, ultra-low latency APIs, and deep market depth.

It provides one-click crypto purchases and a P2P marketplace for INR transactions. While not directly regulated in India, it adheres to global compliance standards. Its mix of advanced trading tools, Web3 services, and fiat accessibility makes it a top choice for both retail and institutional investors in India.

• Fees: 0.1% maker and 0.2% taker fees.
• Supported Assets: More than 350 cryptocurrencies.
• Regulation & Licensing: Globally regulated and available in India.
• INR Deposit Methods: Bank transfers, UPI, debit cards and credit cards.

3. Gate.io

Gate.io offers over 3,700 cryptocurrencies for trading, staking, and decentralized finance (DeFi) services. Founded in 2013, it has grown into a trusted platform for spot, margin, and leveraged ETF trading with deep liquidity. It supports low-fee transactions, automated trading bots, and AI-driven copy trading.

In addition to trading, it has a strong Web3 ecosystem, featuring cross-chain swaps, the OKX wallet, and multi-chain DeFi staking. The Gate Startup platform provides early access to new token listings and airdrops, giving traders first-mover advantages on emerging blockchain projects. 

Gate Earn aggregates yield-bearing products, including staking, liquidity mining, and lending, allowing users to generate passive income. For Indian traders, Gate.io enables INR-based transactions via P2P trading, with additional options for bank transfers and third-party payment providers.

• ‍Fees: 0.1% for makers and 0.2% for takers.
• ‍Supported Assets: More than 3,700 digital assets.
• ‍Regulation & Licensing: Not regulated in India but available to local investors.
• ‍INR Deposit Methods: Bank transfers, UPI, Apple Pay, Google Pay, credit cards and debit cards.

4. Binance

Binance is the world’s largest cryptocurrency exchange, with over 235 million registered users across 180+ countries. It offers deep liquidity, low trading fees, and an extensive range of crypto services. Users can access spot, margin, and futures markets with over 350 cryptocurrencies, including BTC, ETH, SOL, and BNB. 

Binance’s USD-M and COIN-M perpetual futures provide leverage up to 125x, while its OTC trading desk and VIP services cater to high-net-worth individuals and institutional investors. Binance Earn allows users to stake, lend, and participate in structured investment products for passive income.

The platform’s Proof of Reserves (PoR) ensures full transparency, confirming that Binance holds user funds on a 1:1 basis. Binance also provides auto-invest options, crypto savings, staking, lending and borrowing. It also supports INR transactions, allowing users to buy and sell crypto directly with bank transfers, UPI, and digital wallets.

• Fees: Spot trading is 0.1%.
• Supported Assets: Over 350 cryptocurrencies.
• Regulation & Licensing: Binance has registered with the FIU.
• INR Deposit Methods: Bank transfer, UPI, credit cards, debit cards and Paytm.

5. CoinDCX

CoinDCX is India’s leading exchange, trusted by over 16 million users for secure and compliant trading. With a quarterly trading volume of ₹79,600+ crore, it offers over 500 cryptocurrencies. Registered with FIU, it adheres to the country’s anti-money laundering laws and is ISO/IEC 27001:2022 certified for security. 

The platform provides spot, margin, and futures trading, along with a fast INR deposit and withdrawal system. It allows users to generate passive income through staking and investment products. CoinDCX also offers automated tax reports, making crypto taxation simple for Indian users. 

Its DeFi Web3 wallet connects users to decentralized applications, while CoinDCX Prime and OTC trading cater to high-net-worth individuals and institutional investors. The platform is a major player in India’s Web3 ecosystem, investing in blockchain startups and hosting the country’s largest Web3 events.

• Fees: 0.5% for makers and 0.75% for takers.
• Supported Assets: Over 500 cryptocurrencies.
• Regulation & Licensing: Registered with the FIU.
• INR Deposit Methods: Bank transfer, UPI, credit cards, debit cards and Paytm.

Is Crypto Regulated in India?

India's approach to cryptocurrency regulation has evolved significantly over the past decade. In 2018, the Reserve Bank of India (RBI) imposed a ban on financial institutions facilitating crypto transactions. However, this ban was overturned by the Supreme Court in 2020, reinstating the legality of cryptocurrency trading and investments in the country. 

The Financial Intelligence Unit (FIU) is the primary regulatory body overseeing cryptocurrency exchanges. In a significant development, major exchanges such as Coinbase have registered with the FIU, signaling a potential re-entry into the Indian market after previous operational challenges.​

‍In summary, although India does not yet have a comprehensive regulatory framework for cryptocurrencies, the combination of taxation policies, oversight by the FIU, and the active participation of major exchanges indicate a maturing ecosystem.

How is Crypto Taxed in India?

As per the Finance Act of 2022, income derived from the transfer of virtual digital assets, including cryptocurrencies and NFTs, is subject to a flat tax rate of 30%. This rate applies uniformly to all taxpayers, irrespective of their income bracket, and includes all forms of gains from crypto transactions. ​

Key Taxation Components:

• Capital Gains Tax: Profits arising from the sale, exchange, or transfer of cryptocurrencies are taxed at a flat rate of 30%.
• Tax Deducted at Source (TDS): Effective from July 1, 2022, a 1% TDS is levied on all cryptocurrency transactions exceeding ₹10,000 for salaried individuals and ₹50,000 for business entities within a financial year. ​

While the current taxation regime imposes significant obligations on cryptocurrency investors and traders, it reflects the government's efforts to regulate the digital asset ecosystem effectively.

Cryptocurrency Adoption in India

India’s cryptocurrency market is on a strong growth trajectory, with revenue projected to reach $6.4 billion by the end of the year. With a projected 107.3 million users by mid-2025, the market penetration rate is expected to reach 7.35%, reflecting a steady increase in participation despite regulatory hurdles.

A key factor behind this growth is India's increasing demand for alternative financial solutions. Many investors see cryptocurrencies as a hedge against inflation and a means of financial inclusion, particularly in regions with limited access to traditional banking.

How to Buy Bitcoin in India

Indian investors looking to purchase Bitcoin and enter the cryptocurrency market can follow these simple steps to securely buy and store digital assets using Indian Rupees (INR):

1. Choose a Reputable Exchange – Select a trusted cryptocurrency exchange registered with India’s Financial Intelligence Unit (FIU). Popular platforms include CoinDCX, WazirX, and Bybit, which support INR deposits and withdrawals.
   Sign Up and Complete KYC – Register on the exchange and verify your identity through the Know Your Customer (KYC) process. This typically requires submitting an Aadhaar card, PAN card, and a live selfie for verification.
2. Deposit INR – Once verified, fund your account by depositing INR via UPI, IMPS, NEFT, or bank transfers. Some exchanges also support credit and debit card payments.
3. Buy Bitcoin – Head to the Bitcoin trading section, enter the amount you want to purchase, and review the market price before confirming your transaction. 
4. Secure Your Bitcoin – After purchasing BTC, transfer it to a private wallet for added security. Hardware wallets and non-custodial wallets provide enhanced protection against exchange-related risks.

By following these steps, beginners in India can invest in Bitcoin safely and in compliance with local regulations.

Final Thoughts

India’s cryptocurrency market is expanding rapidly, with investors gaining access to both domestic and global exchanges that offer diverse trading options and INR deposit support. 

While regulations remain in development, platforms registered with the FIU operate under clear compliance standards. Choosing the right exchange depends on individual needs. Bybit and Binance cater to high-volume traders, while OKX excels in DeFi and Web3. Gate.io provides unmatched altcoin variety.