Best Crypto Exchange in India with Low Fees

In India, the popularity of cryptocurrency trading has surged, leading to the rise of multiple crypto exchanges. However, choosing the right platform can be daunting, especially when trying to find one with low fees. This article explores the best crypto exchanges in India that offer competitive fees, making trading accessible and affordable for everyone.

WazirX

WazirX is arguably one of the most popular crypto exchanges in India. It has gained a reputation for its user-friendly interface and comprehensive offerings. WazirX charges a flat trading fee of 0.2% for both makers and takers, which is relatively low compared to other exchanges. Additionally, WazirX allows users to trade in a variety of cryptocurrencies, including Bitcoin, Ethereum, Ripple, and many more.

Pros:

• Low trading fees: WazirX offers a flat fee of 0.2% per trade.
• Wide variety of cryptocurrencies: More than 100 crypto assets available for trading.
• User-friendly interface: Easy for beginners to navigate.

Cons:

• High withdrawal fees: WazirX charges high fees for withdrawing funds from the platform, especially for INR withdrawals.
• Limited customer support: Users have reported delays in customer support response times.

CoinDCX

CoinDCX is another popular choice among Indian crypto traders. It is known for its low trading fees and advanced trading features. CoinDCX charges 0.1% maker fee and 0.1% taker fee, making it one of the most affordable platforms in India.

Pros:

• Low fees: CoinDCX’s trading fees are among the lowest in the industry.
• Advanced trading features: Offers margin trading, lending, and staking.
• High security: CoinDCX prioritizes security, with features like two-factor authentication and cold storage.

Cons:

• Complex interface: The platform might be overwhelming for beginners due to its advanced features.
• Limited fiat support: INR withdrawals can take longer than expected.

ZebPay

ZebPay is one of the oldest and most trusted crypto exchanges in India. It offers a flat trading fee of 0.15% for makers and 0.25% for takers. While these fees are slightly higher than WazirX and CoinDCX, ZebPay compensates with its strong security features and smooth user experience.

Pros:

• Strong security: ZebPay uses advanced security protocols to protect user funds.
• Reliable: ZebPay has been in the market since 2014 and has built a reputation for trustworthiness.
• Simplicity: The platform is easy to use, making it ideal for beginners.

Cons:

• Higher trading fees: ZebPay’s fees are higher compared to other Indian exchanges.
• Limited cryptocurrency options: ZebPay supports fewer cryptocurrencies than its competitors.

Binance

Binance is a global exchange that has recently gained popularity in India. It offers an extensive selection of cryptocurrencies and some of the lowest fees in the market. Binance charges a 0.1% trading fee for both makers and takers. Furthermore, if you pay fees using Binance Coin (BNB), you can enjoy a 25% discount, bringing the fee down to 0.075%.

Pros:

• Extremely low fees: Especially when using BNB for fee payments.
• Wide range of cryptocurrencies: Over 500 crypto assets available for trading.
• Advanced trading tools: Ideal for experienced traders who need more sophisticated features.

Cons:

• Complex for beginners: Binance’s interface can be overwhelming for new traders.
• Withdrawal fees: Like other exchanges, Binance charges for withdrawing funds, which can add up.

CoinSwitch Kuber

CoinSwitch Kuber is a relatively new player in the Indian crypto market but has quickly gained popularity due to its simplicity and ease of use. The platform doesn’t charge any trading fees but instead includes the fees within the spread. This makes it an attractive option for beginners who may be deterred by complex fee structures.

Pros:

• No explicit trading fees: Fees are included in the spread, making it easier to understand for new users.
• Simple interface: Ideal for beginners who are just starting with crypto trading.
• Multiple payment options: Supports UPI, bank transfers, and other payment methods for INR deposits.

Cons:

• Spread can be high: Although there are no explicit fees, the spread can sometimes be more costly than trading fees on other platforms.
• Limited advanced features: Not suitable for experienced traders who need more robust tools.

Conclusion

When selecting a crypto exchange in India, it’s crucial to consider factors such as trading fees, security, ease of use, and the variety of cryptocurrencies offered. For traders looking for low fees, CoinDCX and Binance are excellent choices, especially for those who are more experienced and need advanced trading tools. On the other hand, WazirX and CoinSwitch Kuber are more beginner-friendly options that still offer competitive fees.

Always remember to conduct thorough research and choose an exchange that best fits your needs. The Indian crypto market is growing rapidly, and with the right platform, you can make the most out of your trading experience.