Best Crypto Exchanges in India for Beginners in 2024

Best Crypto Exchanges in India With Low Fees and For Crypto Beginners

When exploring the best crypto exchanges in India for 2024, it's essential to consider key factors such as user-friendly apps, low fees, and security. Whether you're a beginner or looking for an exchange without KYC requirements, India offers a variety of platforms tailored to different needs. Popular exchanges like WazirX and CoinDCX stand out for their features, while niche platforms cater to specific tokens like Hamster Kombat. Here's a comprehensive guide to help you choose the ideal exchange for your crypto journey.

Best Crypto Exchanges in India with Low Fees

CoinDCX Crypto Exchanges

CoinDCX, founded in 2018 by Sumit Gupta and Neeraj Khandelwal, is a rapidly growing cryptocurrency exchange in India, boasting over 13 million users. With access to over 500 cryptocurrencies, CoinDCX offers a wide range of trading options and regularly provides Proof of Reserves audits to ensure transparency. Known for its robust security, including 95% of assets stored in cold wallets and insurance coverage by BitGo, CoinDCX is recognized as one of the most secure exchanges in India.

WazirX Crypto Exchanges

WazirX, a leading cryptocurrency exchange launched in India in 2018, has become one of the most popular platforms with over 15 million users. It offers a wide range of cryptocurrencies and boasts strong security measures, including cold storage for 95% of its funds. However, in July, WazirX faced a reported hack involving $230 million due to a breach in one of its multisig wallets. Despite the setback, the exchange has since recovered and continues to operate securely.

CoinSwitch

CoinSwitch, founded in 2017 by Ashish Singhal and Vimal Sagar Tiwari, is a beginner-friendly cryptocurrency exchange that has quickly gained traction in India with over 18 million users. Unlike traditional exchanges, CoinSwitch pools liquidity from various domestic and international exchanges to offer investors the best rates. Supporting over 100 cryptocurrencies, it has facilitated more than $6 billion worth of trades. Known for its user-centric approach and transparent Proof of Reserves reports, CoinSwitch is a trusted platform for new and experienced traders alike.

ZebPay Crypto Exchanges

ZebPay, established in 2014 by Sandeep Goenka, Mahin Gupta, and Saurabh Agrawal, is one of India's oldest and most trusted cryptocurrency exchanges. With over 5 million users and more than $10 billion in fiat transactions, it has gained significant popularity, particularly among Tier 2 and Tier 3 city users. ZebPay supports over 80 cryptocurrencies and emphasizes security by storing 98% of funds in air-gapped HSM wallets. Despite its long-standing presence, ZebPay has not provided a Proof of Reserves but remains a reliable platform for crypto trading in India

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