10 Best Crypto Exchanges in India Supporting INR Deposits

I’ll go over the top cryptocurrency exchanges that allow Indian users to deposit INR in this post. Selecting platforms that enable safe and easy INR transactions is crucial given the rising popularity of cryptocurrencies in India.

Exchanges with a large selection of cryptocurrencies, robust security, and easy-to-use interfaces include CoinDCX, ZebPay, Unocoin, Giottus, BuyUcoin, and Binance P2P.

Why Use Crypto Exchanges in India Supporting INR Deposits

Easy Transactions in INR – Users can deposit and withdraw INR without having to make foreign currency conversions. Users can complete transactions through UPI, net banking, IMPS, or peer-to-peer.

Instant Trade Execution – INR are processed in real time. This allows users to buy and sell crypto whenever they wish without having to wait for a deposit to clear.

Transaction Cost Savings – Using foreign exchanges incurs additional conversion fees which are avoided by using a local exchange.

Out Like a Light Compliance – Having INR in the exchange simplifies compliance with Indian central banking regs as well as Know Your Customer laws. This results in a safer environment for users to trade crypto.

Novice and Pro Friendly – Users of the exchanges that support INR typically have their own mobile apps and web interfaces that are easy to use.

Fortified Safety – IN and U.S. Based exchanges have a higher incidence of insurance for user funds plus their inescapable cold storage and in-house escrow will further augment user safety.

CPI and Altcoin Purchase Accessibility – Indian users can buy and sell Bitcoin, Ethereum, Litecoin, USDT, and XRP with Indian Rupees as well as a range of other alternative cryptocurrencies.

Automated Purchase Plans – Users can set their accounts to purchase cash in alternative cryptocurrencies at an interval that they specify.

Local Customer Support – Indian exchanges tend to provide services in your local time zone and language, which allows for faster problem solving.

Convenience for Beginners – First-time investors face fewer complexities when trading in crypto because using INR means there are no international transfers or conversions to worry about.

Key Point & Best crypto exchanges supporting INR deposits

Exchange/Wallet	Security Features
CoinDCX	2FA, cold storage, insurance coverage
ZebPay	Multi-signature wallets, 2FA, KYC
Unocoin	2FA, cold storage, bank-level security
Giottus	2FA, KYC, cold wallets
KoinBX	2FA, offline storage, secure transactions
BuyUcoin	2FA, cold storage, instant deposits/withdrawals
Bitget	2FA, cold wallet storage, insurance fund
KuCoin (P2P INR)	Escrow system, 2FA, KYC
Binance P2P	Escrow system, 2FA, KYC
BitBNS	2FA, cold wallets, auto KYC verification

1. CoinDCX

CoinDCX is one of the best regarded crypto exchanges supporting INR deposits in India. Founded in 2018, the platform enables the trading of more than 200 cryptocurrencies, such as BTC, ETH, XRP, and LTC. CoinDCX accepts USD deposits via UPI, net banking, and wallets.

CoinDCX applies a trading fee of 0.1%-0.2%, which varies based on the order type, and it offers no fee for INR deposits (although there is a fee for INR withdrawals). CoinDCX employs 2FA, cold storage, and insurance coverage for USD deposits, making it a safe platform for both novice and expert investors.

CoinDCX Features, Pros & Cons

Features:

1. Trade in more than 200 cryptocurrencies including BTC, ETH, and XRP.
2. Deposit INR using UPI, net banking, and other wallets.
3. Low trading fees of 0.1%-0.2%.
4. Large variety of advanced trading tools and charts.
5. Strong security: 2FA, cold wallet, and insurance.

Pros:

• High variability in crypto selection.
• Excellent mobile app.
• Peace of mind with cold wallet and insurance.
• High speed for INR deposits and withdrawals.
• Great for both beginners and experienced pros.

Cons:

• Derivative trading is limited compared to other global platforms.
• Withdrawals may be delayed.
• Support for advanced features may be lacking for beginners.
• Some less popular altcoins may struggle with liquidity.
• Support for customers may be lacking.

2. ZebPay

ZebPay started its operations back in 2014 and is recognized as one of the initial crypto exchanges in India that allow customers to trade in /as well as transact in Indian Rupees.

Amongst others, ZebPay also supports trading in crypto assets such as BTC, ETH, LTC, XRP, and USDT. Users of ZebPay can deposit Rupees using UPI, bank wire, and credit or debit cards.

ZebPay gets revenue from charging trading costs of 0.15-0.2% of the volume of each trade and collecting deposit fees that other exchanges consider too trivial to price.

ZebPay has a reputation for having tight security that uses a combination of multi-signature wallets, 2FA, and offline storage. ZebPay also has really good web applications that can easily be used to trade cryptocurrencies, from beginners to advanced traders.

ZebPay Features, Pros & Cons

Features:

1. Provides variety in crypto including BTC, ETH, LTC, XRP, USDT.
2. Can deposit INR with UPI and bank transfer.
3. Fees for trading come out to be 0.15%-0.2%.
4. Supports security with multiple wallets
5. Provides services over web and mobile agents.

Pros:

• Trustworthy in regards to India and foreign nations.
• With India providing support for direct fees on intra net.
• Security increased with a multitude of wallets.
• Provides basic functionality for beginners.
• Quickly allows new account holder to get operational.

Cons:

• With India and international countries using direct intra net banking, support for crypto transactions increases.
• Fees for service provided on trading systems available, net banking inter-nation service fees. *
• Sometimes slow at customer support.
• Not enough derivative options.

3. Unocoin

Unocoin, which commenced operations in 2013, is regarded as one of the top exchanges operating with Indian Rupee deposits, most of the exchanges are concentrated in India. Unocoin’s primary focus is on bitcoin trading, although it has also expanded to Litecoin and Ether. Users are also able to deposit their funds in Indian Rupees employing UPI, direct bank transfers, and the IMPS mechanism.

For pricing, Unocoin has set a trading fee at 0.7%, and the deposits are free of charge. In the field of security, Unocoin offers a bank-grade encryption service and a 2-step verification mechanism to ensure wallet balances are protected with cold storage. The Indian investor community has appreciated Unocoin’s more invested approach in their direct bitcoin investment program to acquire.

Unocoin Features, Pros & Cons

Features:

1. Concentrated on BTC, ETH, LTC.
2. INR funding via UPI, net banking.
3. Trades billed at about 0.7%.
4. SIP investment option for BTC.
5. 2FA and cold wallet security.

Pros:

• Old and reputed Indian exchange.
• Easy for Bitcoin traders.
• SIP (Systematic Investment Plan) option available.
• Cold wallet security.
• Interface simple enough for beginners.

Cons:

• Few Altcoins available.
• Lots of trading fees.
• Lacks advanced trading charts.
• Withdrawals may take longer.
• Novice traders may feel underwhelmed.

4. Giottus

Giottus is an Indian crypto exchange founded in 2018 that allows users to buy and sell Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Tether (USDT) among other 30 crypto assets. Users can deposit Indian rupees (INR) via UPI, net banking, and IMPS.

Giottus charges 0.25% and 0.35% trading fees for maker and taker orders, respectively, and has deposit fees that are close to zero. Giottus employs two-factor authentication (2FA), cold wallet storage, and Know Your Customer (KYC) policies, to verify users and protect their funds. Users tend to favor Giottus due to the platform’s rapid trading system and simple user interface.

Giottus Features, Pros & Cons

Features:

1. More than 30 cryptocurrencies.
2. You can deposit INR through UPI, net banking, and IMPS.
3. Fee structure of 0.25%-0.35%.
4. They offer limit and market type orders.
5. Security: 2FA, cold wallets, and KYC.

Pros:

• Quick deposits of INR.
• KYC and security features makes it safe.
• Easy to use.
• Great for people who are just starting.
• Good for advanced traders.
• Works great for beginners and intermediates.
• Multiple order types available.

Cons:

• Only a few coins to choose from.
• Higher than normal trading fees.
• No advanced trading on mobile app.
• Some altcoins have lower liquidity.
• Payouts are sometimes delayed.

5. KoinBX

KoinBX has also been revolutionizing the Indian crypto sector since 2018 and offers similar services as Giottus like trading Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) and allows Indian rupees (INR) deposits through UPI and banking systems. KoinBX charges 0.2% and 0.3% trading fees which are order type dependent and have free deposits.

To keep its user data and funds safe, KoinBX has 2FA, offline cold storage, and a monitoring system for secure transactions. The KoinBX platform offers a user friendly interface for novice users as well as an advanced system for expert traders. KoinBX is a leader for INR crypto trading in India.

KoinBX Features, Pros & Cons

Features:

1. Supports BTC, ETH, USDT.
2. INR deposits through UPI and bank transfers.
3. Trading fees: 0.2%-0.3%.
4. Security: 2FA and offline cold storage.
5. Platforms: Web and mobile.

Pros:

• Trading in INR easily.
• Cold storage increases security.
• Beginners will find the interface easy.
• KYC and registration processes are fast.
• Trading in Bitcoin and Ethereum is possible.

Cons:

• There are few available cryptocurrencies.
• For smaller trades, fees are higher.
• There are no advanced trading features.
• There are limitations in customer service.
• For less popular coins, there is less liquidity.

6. BuyUcoin

BuyUcoin, established in 2016, is one of the best crypto exchanges in India offering INR deposits for buying crypto and supports more than 100 cryptocurrencies inclusive of BTC, ETH, XRP, and USDT. Buying crypto using INR can be done via UPI, net banking, and IMPS, ensuring a hassle-free experience.

The trading rate is 0.25%-0.35% while the deposit fee is free or very little up to BuyUcoin. The safety of the crypto trading platform is the primary concern as they offer 2FA, cold storage, and instant withdrawals, making them a dependable option for Indian traders. An uncomplicated platform is also offered for additional trading and advanced crypto traders, as well as educational tools to cater to crypto beginners and all levels.

BuyUcoin Features, Pros & Cons

Features:

1. Over 100 cryptocurrencies supported, including BTC, ETH, and XRP.
2. UPI, net banking, and IMPS allow for INR deposits.
3. Trading fees: 0.25%-0.35%.
4. 2FA, cold storage, and instant withdrawals for security.
5. Mobile app and web interface.

Pros:

• You can select from a wide variety of cryptocurrencies.
• INR deposits and withdrawals are fast.
• Cold storage provides security.
• The interface is easy to use for beginners.
• You can stake cryptocurrencies.

Cons:

• The trading fees are higher.
• PROs will find few advanced features.
• Slow response time from customer support.
• There is a lack of liquidity for some altcoins.
• The app occasionally has glitches.

7. Bitget

Bitget, a global exchange, is launched in 2018 and is one of the top crypto exchanges in India for INR deposits and BuyUcoin’s main competitor for P2P services. BuyUcoin’s main cryptocurrencies offered are BTC, ETH, and USDT, along with their derivatives and futures.

For P2P INR deposits, BuyUcoin ensures a trading fee of 0.1%-0.2% based on the order type. The low trading fee is a massive plus for BuyUcoin. The P2P INR deposit is also a significant benefit for Indian traders since the platform is primarily a derivatives exchange, rather than a spot exchange. For that reason, BuyUcoin is still a great option for Indian traders.

Bitget Features, Pros & Cons

Features:

1. BTC, ETH, and USDT (Spot & Derivatives) supported.
2. INR deposits through UPI and bank transfers (P2P).
3. Trading fees: 0.1%-0.2%.
4. Enhanced user interface for trading and futures alternatives.
5. Protection: Two-factor authentication, offline storage, and an insurance fund.

Pros:

• Options for advanced trading.
• Reduced costs for trading.
• A protected platform which includes an insurance fund.
• P2P deposits for INR are supported.
• Ideal for proficient traders.

Cons:

• P2P deposits are exclusively for INR.
• Too complicated for novices.
• Customer support is limited for users from India.
• The mobile application does tend to lag.
• Integrated payment alternatives are limited.

8. KuCoin (P2P INR)

Founded in 2017, KuCoin is one of the best crypto exchange platforms that allow INR deposits through P2P transactions. KuCoin provides services for trading cryptocurrencies such as BTC, ETH, USDT, LTC, amongst others.

Users can make INR deposits using reputable P2P sellers. KuCoin has a trading fee of 0.1%, while P2P transactions are usually free, depending on the counterparty. KuCoin secures its platform using 2FA, KYC, and an escrow system that secures funds while P2P trading. Users in India appreciate KuCoin for its global service since they can use it as a crypto trading platform, especially with its diverse trading services.

KuCoin (P2P INR) Features, Pros & Cons

Features:

1. BTC, ETH, USDT, and LTC supported.
2. P2P trading for INR deposits.
3. 0.1% trading fee.
4. Protection: 2FA, KYC, and an escrow system.
5. Options for margin and spot trading.

Pros:

• Fees for trading are low.
• Secure P2P trading.
• A variety of cryptocurrencies are available.
• The escrow system is protective to users.
• A worldwide exchange which supports the INR from India.

Cons:

• Deposits from P2P for INR may require an extended period of time.
• The interface is advanced which creates the potential of confusing newbies.
• Few available options for direct deposits of INR.
• There is a lag in customer support.
• Some cryptocurrencies may have low liquidity.

9. Binance p2p

Launched in 2017, Binance has one of the most reliable P2P platforms available for users in India as they provide support for INR deposits. Users can trade in cryptocurrencies including BTC, ETH, USDT, BNB, and in numerous other altcoins through their P2P platform. Users can quickly and easily deposit INR by using UPI, net banking, or other payment methods and pay no deposit fees.

P2P trading has a low fee, and Binance has an escrow system with 2FA and KYC, all of which provide Binance users with a secure platform to trade on. Binance P2P is an excellent platform to trade on for Indian users since they can trade in cryptocurrencies using their fiat currency.

Binance P2P Features, Pros & Cons

Features:

1. BTC, ETH, USDT, and BNB supported.
2. P2P transfers for INR available.
3. The fees for trading are low.
4. Protection: An escrow system, 2FA, and KYC
5. Options for futures, spot, and margin trading.

Pros:

• No or very low costs on P2P transactions.
• Very secure escrow system.
• Extensive selection of cryptocurrencies.
• Rapid P2P deposits in INR.
• Design of both the app and web platform is satisfactory.

Cons:

• P2P allows deposits only in INR.
• Users who are new to the platform may find the various features confusing.
• You will need to choose the right counterparty.
• Responses from customer support are not very quick.
• New customers in P2P are given restrictions.

10. BitBNS

Founded in 2017, BitBNS is one of the leading crypto exchanges in India that allows users to deposit in INR. It allows trading in more than 100 cryptocurrencies which include BTC, ETH, LTC, and USDT. Users can deposit their INR through UPI, IMPS, and net banking. The trading fee is between 0.25% and 0.35%.

Protection of users funds is done through 2FA, cold storage, and KYC verification that’s done automatically. Instant trading, and staking feature convenient for all types of traders, beginner and advanced. The strong security and support for INR has made BitBNS one of the major players in the Indian crypto market.

BitBNS Features, Pros & Cons

Features:

1. Handles more than 100 coins including BTC, ETH and LTC.
2. Deposits in INR via UPI, IMPS and net banking.
3. Charges between: 0.25% to 0.35% in trading costs.
4. Security available: 2 factor authentication, cold storage and auto KYC.
5. Availability of mobile app and web based platform.

Pros:

• High selection of available cryptocurrencies.
• Quick deposits and withdrawals for INR.
• Safe having cold storage and KYC.
• Simple to use for beginners.
• Offers features such as lending and staking.

Cons:

• Charged costs of trading is somewhat more elevated.
• Lacks more advanced features.
• Smaller altcoins generally possess lower liquidity.
• Customer support is noted to respond slowly.
• Reports of problems with app functionality.

Conclusion

Choosing a trustworthy platform that supports INR deposits is essential for Indian customers wishing to trade or invest in cryptocurrencies. Along with robust security features like 2FA, cold wallets, and escrow safeguards, exchanges like CoinDCX, ZebPay, Unocoin, Giottus, KoinBX, BuyUcoin, Bitget, KuCoin (P2P INR), Binance P2P, and BitBNS provide easy INR deposits via UPI, net banking, IMPS, or P2P systems.

These platforms offer cheap trading costs, a variety of cryptocurrency options, and user-friendly interfaces to appeal to both novice and seasoned traders. Selecting any of these exchanges guarantees a convenient, safe, and effective INR-based cryptocurrency trading experience in India.

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