page title icon #14 Best Cryptocurrency Exchanges to buy & sell Bitcoin in India 2020

As you are reading this post about the Best cryptocurrency exchange in India 2020 then I may assume that you already know about Bitcoin?
If not, don’t worry I already a blog post about What is Bitcoin.
 
Bitcoins are nothing but decentralized digital currency or commonly known as “Cryptocurrency“.
 
So right now the hottest topic on the internet second to Bitcoins, Ethereum, Litecoin, IOTA and such other cryptocurrencies is Bitcoin Trading. If you’re a nerd then read this article for advanced knowledge of this Bitcoin market.
#14 Best Cryptocurrency Exchanges to buy & sell Bitcoin in India 2020 1
Many people already have made a fortune off this Bitcoin Trading and are looking forward to other types of cryptocurrency trading
 
So, to start trading you’ll need to buy bitcoins and bitcoin exchanges are places where you can buy bitcoins and other cryptocurrencies. Bitcoin Trading in India is still not that big it is still in a nascent stage and people are still confused about:
  • Where to buy bitcoins in India?
  • Which bitcoin exchange is trustworthy?
  • What is the most trusted bitcoin exchange in India?
  • What are the most reputable Bitcoin exchanges for buying and trading?
  • What is the best bitcoin exchange app in India?
 
and so on.
 
To answer all these questions, I have gone through many articles and bitcoin news websites, and after some research, I narrowed down to a list of 14 best bitcoin exchanges in India.
They have been selected based on customer rating & reviews, how difficult/easy to trade with them, how much time do they take to transfer money, their transaction fees and the difference between buying and selling prices.
Here you go,

List of #14 Best Cryptocurrency exchanges to buy & sell Bitcoin in India 2020

#1. Zebpay

zebpay bitcoin exchange in India, best bitcoins exchange in India, buy bitcoin india

 

Buy Sell Bitcoins in India
Zebpay is the fastest and easiest way to Buy and Sell Bitcoins.

 

Zebpay, founded in 2012, is India’s one of the leading bitcoin exchanges, featured in almost all leading websites like Yourstory, INC24, Forbes etc.

With millions of downloads of their Android and iOS app, making zebpay a trusted site for buying, selling and trading bitcoins.

Website Traffic – 2.1 million

Cryptocurrency Offered: Bitcoin

Avg. Credit Transfer Time: 2 hours

Transaction Fee: Rs 10 fee on all withdrawals made in INR.

Buying & Selling Price difference: Rs 52,811

Ease of use: Easy

App installations: 1,000,000 – 5,000,000

Wallet type: Web, Mobile

Founded by: Sandeep Goenka, Mahin Gupta, Saurabh Agrawal

Zebpay reviews:

One of the best exchanger in india. i always use Zebpay..
highly recommended guys use Zebpay… fast service and quick support from zebpay..

i just love it…

Click here to signup for Zebpay

Update: Zebpay has closed their Indian operations because of RBI crackdown of cryptocurrencies in India. They said in their official blog post.

#2. Bitcoin-India.org

Bitcoin-India.org an emerging Real-time Bitcoin Trading Platform, I have noticed their website traffic is increasing day by day, they also provide bitcoin mining in India. Their apps have been downloaded more than 1lac times.

Website Traffic – 164.4K

Cryptocurrency Offered: Bitcoin, Ethereum, Litecoin and Dashcoin

Avg. Credit Transfer Time:

Transaction Fee: unavailable

Buying & Selling Price difference: unavailable

Ease of use: Easy

App installations: 100,000 – 500,000

Wallet type: Web, Mobile

Founded by: Hima Bindureddy Chinthagunta, Sykam Sreemannarayana Reddy, Maram Ramakotamma and Syakam Ramakrishna Reddy.

Bitcoin-India.org review

Best app in Playstore to trade in cryptocurrency. One and only app to offer more than 12 coin and so much features. 🙂

Click here to sign up for Bitcoin-India.org

#3. Coinsecure

best bitcoins exchange in India, buy bitcoin india

Buy, sell & accept Bitcoin!
India’s Fastest 24/7
Realtime Bitcoin Trading Platform

 

Coinsecure, founded in 2014, another top cryptocurrency exchange and trading platform in India, they charge 0.4% fee on all trades.

They have also created India’s first Bitcoin Explorer with a Paper Wallet and Robust Blockchain API “Coinsecure.info“.

They have automated bitcoin deposits and withdrawals service.

The minimum amount for buying is INR 100 or 0.01 BTC.

The minimum amount for selling is INR 100 or 0.01 BTC

Website Traffic – 525.5k

Cryptocurrency Offered: Bitcoin

Avg. Credit Transfer Time: up to 1 business day

Transaction Fee: 0.4%

Buying & Selling Price difference: Rs 15,000

Ease of use: Easy

App installations: 50,000 – 100,000

Wallet type: Web, Mobile

Founded by: Benson Samuel and Mohit Kalra

Coinsecure review

Pros : 1. Coinsecure is best exchange to trade Bitcoins in India, because having a very low difference in buy & sales prices if compares to others exchanges in India. 2. We can deposit & withdrawal money within 24 hours. 3. Website & app having user friendly interface & easy to trade in Bitcoins. 4. Charging lowest brokerage @0.40%.

Cons: 1. Problems may be faced at the time of KYC updation, but with the help of customer care KYC updated with in 24 hours. 2. When you call to customer care, then you have to wait 3-4 minutes to talk with customer care executive, but executives solve your problems & queries properly.

[Review Source]

Click here to signup for Coinsecure

#4. Unocoin

best bitcoins exchange in India, buy bitcoin india

UNOCOIN is India’s most popular bitcoin company with millions of visitors. Unocoin was formed in 2013 with a mission “to bring Bitcoin to billions”.

As per their website, they have over 150,000+ satisfied customers and 350+ million in total revenue.

 

Website Traffic – 1.9 million

Cryptocurrency Offered: Bitcoin

Avg. Credit Transfer Time:

Transaction Fee: 0.7% t0 1%

Buying & Selling Price difference: Rs 157,811

Ease of use: Easy

App installations: 500,000 – 1,000,000

Wallet type: Web, Mobile

Founded by: Abhinand Kaseti, Harish B V, Sathvik Vishwanath, and Sunny Ray.

 

Unocoin review

Unocoin has the potential to become the leading bitcoin company in India for buying, selling and storing bitcoin, as well as merchant processing.

Click here to sign up for Unocoin

#5. KOINEX

best bitcoins exchange in India, buy bitcoin india

Koinex is India’s first complete exchange supporting multiple cryptocurrencies on a single platform.

They offer Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin cash.

Koinex has a very good tiered fee structure for buying and selling cryptocurrencies.

Website Traffic – 2 million

Cryptocurrency Offered: Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin cash

Avg. Credit Transfer Time:

Transaction Fee: They have a tiered fee structure (click here)

Buying & Selling Price difference: Nothing much. It depends on the users at which price they will sell, that the beauty of koinex.

Ease of use: Easy

App installations:

Wallet type: Web

Founded by: Rakesh Yadav, Rahul Raj, and Aditya Nayak

Koinex Review:

I think Koinex is indeed most advanced digital currency exchange in India. With the ease of use and supporting multiple digital currencies they ahead of many competitors.

#6 BuyUCoin

best bitcoins exchange in India, buy bitcoin india

 

 

BuyUCoin has a plethora of digital currencies, by far the most by anyone. With over 15,000+ customers they are casing down their mission of “To bring cryptocurrency in a million pockets.

 

 

Website Traffic – 122.2k

Cryptocurrency Offered: Bitcoin, Ripple, Ethereum, Bitcoin Cash, Litecoin, NEO, Dash, OmiseGo, NEM, Monero, Ethereum Classic, Z-cash, Lisk, Stratis, Digibyte, Factom, PivX, Bitshares, Dogecoin, Civic, Digibyte, Qtum, Steem, Ark, Golem, NXT, Cloakcoin, TenX, BAT

Avg. Credit Transfer Time: 1 business day

Transaction Fee: No fees, totally free.

Buying & Selling Price difference: Rs 126,521

Ease of use: Easy

App installations:

Wallet type: Web, Mobile

Founded by: Atulya Bhatt, Devesh Agrawal, and Shivam Thakral

BuyUCoin Review

As they’re claiming that charge zero transactional fees, which is great. But here is the catch they difference in buying & selling alt coins is huge.

Plus it’s been over 1 year still they did not verified my KYC. Pathetic service.

Click here to sign up for BuyUCoin

#7. LocalBitocins

best bitcoins exchange in India, buy bitcoin india

LocalBitcoins which based in Finland, let users buy and sell bitcoins in cities near them, they trade bitcoins in 15750 cities and 248 countries including India also.

Transactions to wallets of other LocalBitcoins users are free.

While transaction to other LocalBitcons is free of cost but to other networks, they will deduct a 0.5% fee.

Website Traffic – 12.1 million

Cryptocurrency Offered: Bitcoin

Avg. Credit Transfer Time: 1 Business day

Transaction Fee: 0.5%

Buying & Selling Price difference: not applicable

Ease of use: Easy

App installations: don’t have one

Wallet type: Web

Founded by: Nikolaus Kangas (CEO)

LocalBitcoins review

I find very good for trading digital currencies, the user interface is very simple, it’s peer to peer bitcoin exchange. I will say that you can check this once.

Click here to signup for LocalBitcoins

#8. ThroughBit

best bitcoins exchange in India, buy bitcoin india

Website Traffic: 62.3k

Cryptocurrency Offered: Bitcoin, Ethereum, and Falcon (INRFalcon)

Transaction Fee: 0.9%

Founders: Abhishek Gopal, Mohammed Roshan and Anandprabu Rajendran

Click here to signup for ThroughBit

#9. BTCXIndia

best bitcoins exchange in India, buy bitcoin india

Website Traffic: 365.3k

Cryptocurrency Offered: Bitcoin, Ripple, Ethereum

Transaction Fee:

Founders:

Click here to signup for BTCXIndia

#10. FlitPay

best bitcoins exchange in India, buy bitcoin india

Website Traffic: not available

Cryptocurrency Offered: Bitcoin

Transaction Fee: No Fees

Founders: Ashish Sangai and Akash Bansal

Click here to signup for FlitPlay

#11. Belfrics

best bitcoins exchange in India, buy bitcoin india

Website Traffic: not available

Cryptocurrency Offered: Bitcoin

Transaction Fee: 1%

Founders: Praveen Kumar

Click here to signup for Belfrics

#12. PocketBits

best bitcoins exchange in India, buy bitcoin india

Website Traffic: 61.9k

Cryptocurrency Offered: Bitcoin, Ethereum

Transaction Fee: No fees

Founders: Sohail Merchant

Click here to signup for PocketBits

#13. Bitxoxo

best bitcoins exchange in India, buy bitcoin india

Website Traffic: 43.3k

Cryptocurrency Offered: Bitcoin, Bitcoin Cash, Ethereum and Ripple

Transaction Fee: Zero fees

Founders: Hesham Rehman and Mohammed Rezwan

Click here to signup for Bitxoxo

Update

As the bigger players are leaving the Indian digital financial sector field new ones with better technology and security are emerging in India. I was recently contacted by one of such emerging cryptocurrency exchanges in India 2019. Read what they saying…

14. NMCCX

#14 Best Cryptocurrency Exchanges to buy & sell Bitcoin in India 2020 2

NMCCX is an organization that has stepped into cryptocurrency space of Indian financial sector to work in a transparent manner. The existing cryptocurrencies have been operated by a number of exchanges that have the model as good as a web-based trading portal.

But, we at NMCCX, believe that providing trading platforms to the participants is just one job. We believe in building Trust for financial market participants to meet their objectives and goals.

How is NMCCX different from other cryptocurrency exchanges?

Key Components:

NMCCX has come up with a novel proposition. It is the first time that an attempt has been made in the traditional model of financial markets in India. We have come up with twin-platform exchange model viz., OTC (Over-The-Counter) and P2P (Peer-to-Peer).

The mobile-based OTC app caters the person who is not interested in high-frequency trading and is serviced by a verified Trading Member of the exchange.

And, Peer-to-Peer platform or P2P is a robust trading platform in which only the Trading Members can participate. This platform is developed based on the traditional values of existing established major exchanges in India.

The two-platform model of providing an Over-the-Counter (OTC) window to the buyers and sellers for their one-time buy/sell operations without involving them in high frequency trading, and providing a high frequency trading environment provided through the Peer-to-Peer (P2P) to experienced trading members would also address the issue of meeting the needs of various participants in the market.

How can NMCCX change the way cryptocurrency exchanges operate in India?

Cryptocurrency exchanges in India were mostly operated like a trading platform where the exchange was a platform of trade execution of buyers and sellers. All that is set to change with the NMCCX in the picture.

From the Risk management perspective, the online platform model is very thin and quite risky in terms of operational or credit risk parameters. In order to tackle such risks, NMCCX chose to go the traditional way by involving a large number of individuals and firms in the execution of the time tested model in the Indian Financial Market as of today.

By layering the risk with Verified Trading Members and Professional Clearing Members, the exchange makes the system more participatory and service-oriented. Involvement of various participants from the trading community with their risktaking capability would make the marketplace of cryptocurrency more liquid and the Price Discovery process more robust.

This would reduce systemic risk and resolve one of the biggest challenge (illiquidity) in the present cryptocurrency market in India.

Click here to visit their official website

Author’s take

Hope you can now make your own choice and decide which one is the best bitcoin exchange in India 2019. I want to suggest that with all the data provided here choose your top and do thorough research about which one offers bitcoins at the lowest price, buy/sell price difference, transaction fees and sign up for the one you find better.

Tips:

  1. If you’re looking forward to investing in other types of digital currency then you may go for Koinex, BuyUCoin, and ThroughBits.
  2. But if you willing to confine yourself to bitcoins only then try Unocoin, Coinsecure, Koinex, LocalBitcoins, and NMCCX.
  3. Read more about the competition in the digital currency market refer to this study on ssrn.
  4. To be on the profitable side you need to keep yourself updated with real-time cryptocurrency news in India for this I recommend these two sites Economics Time & Investing.

P.S – The information provided here was valid when the post was published. The website traffic data is taken from SimilarWeb actual site traffic may differ.

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