When you're looking for an Indian crypto exchange, a platform where people in India buy, sell, and trade digital currencies like Bitcoin and Ethereum using local payment methods. Also known as crypto trading platform India, it's the bridge between your bank account and the global blockchain economy. But not all exchanges are created equal—some vanished after India’s 2022 crypto tax rules, others got banned by the RBI, and a few still operate quietly under new names.
Most Indian crypto exchanges, like WazirX and CoinDCX, let you deposit rupees via UPI, NEFT, or IMPS. Also known as fiat-to-crypto gateways, they’re designed for everyday users, not just traders with offshore accounts. These platforms require strict KYC verification, a process where you submit your ID, address proof, and sometimes a selfie to prove you’re who you say you are. Also known as identity verification, it’s mandatory under India’s anti-money laundering rules. The problem? Some exchanges overcharge for withdrawals, hide fees in the spread, or freeze withdrawals during market spikes. In 2023, one major platform shut down after failing to meet liquidity demands—leaving users stuck with $15 million in unclaimed balances.
What’s left are a handful of exchanges that survived the crackdown: WazirX (owned by Binance), CoinDCX, and ZebPay. Each has different strengths. WazirX offers P2P trading and low fees for small buyers. CoinDCX has advanced tools for active traders and supports dozens of altcoins. ZebPay is the oldest and most transparent, with clear audit reports. But none are regulated by SEBI. That means if an exchange gets hacked or disappears, you have no legal recourse. You’re relying on their internal security, not government protection.
There’s also a hidden layer: Indian users often trade on global platforms like Binance or KuCoin, using P2P to convert rupees to USDT. This bypasses local exchange limits but comes with its own risks—scammers posing as sellers, fake payment confirmations, and no chargeback options. If you’re new, stick to the big three. If you’re experienced, know your wallet addresses, never send crypto to an exchange deposit address without double-checking, and always keep a backup of your private keys.
Below, you’ll find real reviews of platforms that claimed to be safe but weren’t, step-by-step guides for buying crypto in India without getting scammed, and updates on which exchanges are still active after the latest tax changes. No hype. Just what’s working, what’s not, and who’s still around to pay you back.
CoinDCX is India's largest crypto exchange with 10M+ users. Learn about its fees, security, app experience, tax compliance, and how it compares to WazirX and ZebPay in 2025.
