The Indian crypto market has matured quickly, and the exchanges currently operating under stringent regulatory vigilance and investor expectations for strong security. Since the digital assets are becoming mainstream, safety, adherence, and transparency have become mandatory requirements for both the beginner and experienced investors. Considering the fluctuating nature of the cryptocurrency markets, investors are more alert and ensure that the platform is safe for investment purposes. In this guide, we will explore the best crypto exchanges in India with higher security standards, considering key factors such as regulatory compliance, features, and user reviews.
How to Choose the Best Crypto Exchanges in India?
Selecting the best crypto exchanges in India is not easy, and here are some factors that should be considered.
Security
While selecting the best crypto, you should ensure its safety and security. Hence, security must be a top priority. The crypto exchanges with robust security standards at both the platform and account levels should be considered.
Reputation
Next is reputation, which is very important in the crypto ecosystem with multiple shady projects and platforms in the market. This is why a strong reputation and history in the crypto market are important globally and in India.
Availability
The exchange should sell the cryptocurrencies that you wish to invest in. Although some crypto exchanges specialize mainly in Bitcoin and Ethereum, the best exchanges have a large variety of cryptocurrencies to choose from.
Liquidity
Many exchanges and platforms have closed due to recent market downtime. Hence, liquidity is an important factor. Crypto exchanges with high liquidity prevent the risk of bank runs and facilitate quick and low-uncertain trade execution.
User Interface
Previously, you had to secure an advanced degree to use a crypto exchange. However, now a crypto exchange is for every level of investor experience, from beginners to experienced. Hence, the crypto exchanges must fit the different levels of investor experience and those with mobile apps.
Fees
Almost all crypto exchanges charge fees. Although many charge average fees, some charge relatively high or less. Hence, you must compare the fees of the crypto exchanges to find the best one.
Risk Assessment
Crypto markets are highly speculative and can be influenced by sentiment, misinformation, and worldwide factors. Investors must carry out due diligence and find their risk tolerance before investing in cryptocurrencies.
User Support
Consider those exchanges that offer access to learning materials, responsive customer support, and real-time communication. These factors can help in staying informed and updated on possible threats.
Mudrex
Mudrex is a global crypto exchange platform that emphasizes on user-centric design with higher security. It was established in 2018 and supported by Y Combinator. Mudrex has become a global platform catering to millions of users. FIU-India regulates it that ensure stringent compliance with anti-money laundering and know-your-customer practices.
Security & Compliance
- Video KYC for withdrawals feature contributes to an additional security layer.
- It complies with the regulatory requirements in India, like the FIU
- The large volume of assets is stored offline, which reduces the risks of cyber threats. Furthermore, insurance coverage provides additional security for it.
User Experience
- Mudrex offers more than 650 cryptocurrencies, including renowned coins and emerging altcoins
- Thematic investment solutions like AI tracker and the Ethereum Ecosystem support the diversification of the portfolio.
- The exchange is found to offer trading insights and access to upcoming trading with leverage that fits the users with different levels of experience.
The exchange also leverages investor education, transparent fee structure, and innovative cryptocurrencies like Coin Sets. This makes it one of the best crypto exchanges in India for safety-seeking investors.
CoinSwitch
CoinSwitch utilizes custody providers with A-grade security to secure crypto for users. It is an important factor that establishes trust among the Indian investors. This model, together with a simple app-based interface, attracts the new beginners and pro investors.
Security & Compliance
- CoinSwitch offers KYC compliance that ensures regulatory compliance.
- The exchange works with the best custody providers to store crypto
- CoinSwitch is ISO/IEC 27001:2022 certified, which suggests its commitment to implementing strong information security measures.
- Trades are done through different global exchanges, securing reasonable rates and reducing slippage.
User Experience
- There are more than 320 cryptocurrencies
- Systematic investment plans allow structured, recurring crypto investments
- The analytical tools offered by the exchanges help experienced investors
By integrating security, simplicity, and a custodial approach, CoinSwitch is mainly appealing to the users who value safety and security.
ZebPay
ZebPay is one of the oldest crypto exchanges in India that continues to set examples pertaining to security and reliability. It has more than 5 billion users who are attracted to ZebPay’s longevity and its dedication to protecting user assets.
Security & Compliance
- Crypto exchanges require several approvals, which reduces the threat of unauthorized access.
- Continuous examination and improvement of security measures also contribute to trust development
- The exchange platform complies with Indian regulations like KYC and AML
User Experience
- It offers more than 100 cryptocurrencies, which is strong for trading and investing.
- There are zero deposit fees that reduce the entry barriers for new investors.
- The users have the opportunity to earn passive income on crypto investments.
The strong reputation of ZebPay, along with its sophisticated security tools and additional features like staking and lending, makes it an ideal option for both beginners and experienced traders.
CoinDCX
CoinDCX was founded in 2018 and became one of the largest and most trusted crypto exchanges in India. Its reputation in the cryptomarket is established on a foundation of strong standards and regulatory compliance.
Security & Compliance
- CoinDCX offers multi-layer security and offline storage that safeguards user assets
- It conducts third-party security audits regularly to ensure the integrity of the platform
- User assets are immune against violations, which is rate among others
User Experience
- CoinDCX provides a wide selection of trading, lending, staking, and margin trading over 500.
- It has a separate educational platform to educate investors
- The platform facilitates the real-time UPI-based deposits and withdrawals
The combination of sophisticated trading features, insurance, and regulatory compliance makes it the best choice for security-seeking investors.
Paxful
Paxful offers a unique peer-to-peer model in the Indian marketing, focusing on user control and accessibility. It is mainly renowned for its bitcoin and stablecoin exchanges
Security & Compliance
- The assets are secured in escrow during trades. This protects both buyers and sellers.
- Strong KYC is ensured for all users.
- The exchange complies with international standards and ensures safe international transactions
User Experience
- More than 500 payment methods are offered by the platform, from UPI to PayPal
- There is zero fee for the buyers
- There is a mobile app that offers smooth trading
For users looking for flexibility and direct peer-to-peer trades, the security and accessibility of Paxful are unmatched.
Final Thoughts
As you have learned about the factors to consider when selecting a cryptocurrency and the best crypto exchanges in India, it is important to understand how to pay off taxes. Crypto is not free in India, and you need to pay tax. The modern Income Tax Act includes the specific provisions that manage the taxation of digital assets like cryptocurrencies. The profits are bound to a 30% flat tax. Hence, you must be aware of these tax requirements to avoid issues.
