Best Crypto Exchanges in India (October 2026): FIU-Registered Options Only

The short list: FIU-registered exchanges you can use in India

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Crypto withdrawal fees for the global exchanges are in the withdrawals table. For the Indian exchanges, the withdrawal rules and fees we found (CoinDCX, Mudrex, ZebPay) are in their sections.

Sources

• CoinDCX regulatory page
• INR deposits; CoinSwitch Pro fees
• reserves; Mudrex fees; Binance fees
• INR P2P; Bybit fees
• India guide
• GST/TDS FAQ; KuCoin fees
• TDS
• reserves; ZebPay INR deposits
• pricing

Checked 10 Oct 2026; Mudrex and ZebPay fees re-checked 31 Oct 2026.

Indian exchanges (direct INR)

You deposit rupees from your own bank account, and these exchanges say they deduct TDS for you.

CoinDCX

• FIU evidence: CoinDCX’s support site says it is a registered reporting entity with FIU-IND and names Neblio Technologies Pvt Ltd as its FIU-registered company (B). FIU-IND publishes no register to confirm it.
• INR: IMPS, NEFT or RTGS from your bank to the account details CoinDCX shows, with a 0% CoinDCX fee, a ₹500 minimum and KYC required. UPI in the app where available. INR withdrawals go to your bank (B).
• Crypto withdrawals need separate approval. To send crypto to an outside wallet or exchange, you need CoinDCX’s Crypto Withdrawal (CW) access: completed KYC plus Enhanced Due Diligence (EDD) and a manual review, which CoinDCX says usually takes up to 14 business days. Once you request CW access, UPI deposits are turned off for your account; NEFT and RTGS still work. If your request is declined, CoinDCX says it cannot tell you when you may reapply. Each withdrawal also needs a declaration of who receives it. INR withdrawals to your bank do not need CW access (A, CoinDCX help centre, checked 11 Oct 2026).
• Limits and holds: CoinDCX sets crypto withdrawal limits by account type, verification level and risk profile and does not publish the amounts. A withdrawal that fails its risk or compliance checks is rejected and the tokens return to your wallet (A).
• If funds are held: open a chat ticket first; if that does not resolve it, escalate by email to CoinDCX’s Grievance Redressal team (address on its help centre) with your ticket ID. CoinDCX names a Grievance Officer but publishes no response deadline (A).
• Fees: CoinDCX’s own pages give conflicting spot fees, so we do not print one. Futures: 0.025% maker / 0.075% taker plus 18% GST (B).
• Reserves: CoinDCX publishes its own proof of reserves and says holdings are 1:1; we found no independent attestation.

Sources: CoinDCX what is CW access, how to get CW access, time to enable CW, withdrawal limits, grievance escalation. Checked 11 Oct 2026.

Pros: direct INR by bank transfer with no CoinDCX deposit fee; deducts TDS; published grievance route. Cons: crypto withdrawals to outside wallets need separate approval (usually up to 14 business days, per CoinDCX); 2025 hack of an internal account; spot fee unclear; reserves not independently verified.

CoinSwitch

• FIU evidence: CoinSwitch states on its homepage that it is FIU-registered (B). It is operated by Bitcipher Labs LLP (A).
• INR: UPI, IMPS or NEFT (A); no cards. CoinSwitch says it charges no deposit fee and app limits are ₹100 minimum and ₹50,00,000 a day (B).
• Fees: on CoinSwitch Pro, spot is 0% maker / 0.10% taker (A, article dated 14 May 2026). We did not find the instant buy/sell fee in the main app, so do not assume the Pro rate applies there.
• Reserves: the latest report we found uses a 30 Sep 2024 snapshot and says crypto and INR balances were covered at least 1:1, reviewed by an unnamed chartered accountancy firm (A).
• Withdrawals: we could not read CoinSwitch’s withdrawal rules on an official page, so we make no claim about how or whether you can withdraw crypto or rupees. Check this in the app before you deposit.
• Record: no hack, suspension or penalty found (search, 10 Oct 2026).

Pros: UPI, IMPS and NEFT deposits; low Pro spot fees; no incident found. Cons: withdrawal rules not verified; reserves report from 2024; app fees not found; FIU status self-declared.

Mudrex

• FIU evidence: Mudrex says on its own pages that it is FIU-registered (B).
• INR: UPI, IMPS or NEFT with no Mudrex fee; any gateway or bank charge is shown before you confirm (B). INR withdrawals carry no Mudrex fee (B).
• Fees: one tiered spot fee (not maker/taker): 0.45% if your 30-day volume is under ₹2 lakh, falling to 0.12% above ₹50 crore, plus 18% GST on the fee (A, Mudrex fee page, checked 31 Oct 2026). Futures at the base tier: 0.02% maker / 0.05% taker, plus 18% GST (A). Crypto withdrawals to an external wallet cost a 2% Mudrex fee (minimum $0.50) plus the network fee (A); Mudrex’s fee page says the 2% includes GST, while a Mudrex blog says withdrawals carry no GST. Withdrawing the equivalent of $500 in crypto would cost about $10 before the network fee. Mudrex charges no fee on INR deposits or withdrawals (A).
• Reserves: we found no Mudrex proof-of-reserves page.
• Record: Mudrex paused crypto withdrawals from 11 Jan 2025, saying the pause would last until 28 Jan 2025 while it upgraded compliance systems (Cointelegraph, B). We have not verified when withdrawals actually resumed, and found no suspension in 2026.

Pros: UPI, IMPS and NEFT deposits with no Mudrex fee; deducts TDS on sells. Cons: 2% crypto withdrawal fee (Mudrex fee page); Jan 2025 withdrawal pause; no proof of reserves found; 0.45% entry-level trading fee.

ZebPay (listed for comparison, no link)

ZebPay is available in India; we compare it here but don’t link to it. ZebPay says it is FIU-registered, but the only evidence we found is a ZebPay marketing post, the weakest here (B).

Regular users pay 0.45% maker and taker, excluding GST and TDS; Quick Trade starts from 0.5% (A, ZebPay pricing page, checked 31 Oct 2026). Futures at VIP 0: 0.02% maker / 0.05% taker, excluding GST (A). INR deposits go by NEFT/RTGS from your registered bank account (IMPS and UPI payments on that route are reversed), or through a separate UPI deposit option (A). ZebPay’s pricing page says there is a flat ₹15 fee for all fiat withdrawals (B: we have not recorded its crypto withdrawal fees).

ZebPay also charges an inactivity fee of 0.0001 BTC plus 18% GST for each full calendar month with no buy or sell trade and no active Earn contract, charged on the 1st of the following month; there is no fee if your balance is zero on the 1st (ZebPay help centre, A).

We found no ZebPay proof of reserves and no incident in 2025–2026.

Crypto withdrawals at ZebPay. ZebPay gives two different time frames. Its sending guide says crypto transfers “may take 24–48 hours to execute”, in line with statutory guidelines for validating sending and receiving addresses; its transaction-status article says a transfer can take from a couple of minutes to a couple of hours, depending on network congestion. These are ZebPay’s statements, not times we measured.

ZebPay says it handles withdrawals manually because it keeps most tokens in cold storage. Whitelisting a new withdrawal address starts a 24-hour cooling period, and coins under its Xpress Listing cannot be sent.

Withdrawal limits depend on your KYC level under a revised policy effective 7 May 2026; we could not read the amounts. For a problem, raise a support ticket with the transaction hash; we found no grievance officer or complaint deadline on ZebPay’s help centre (all A).

Sources: ZebPay membership fee FAQs, sending crypto, transaction status, address whitelist, revised withdrawal policy. Checked 11 Oct 2026.

Global exchanges registered with FIU-IND

These offshore exchanges registered with FIU-IND after paying penalties. Rupees go in and out mainly through P2P.

Binance

• FIU evidence: FIU-IND fined Binance Rs 18.82 crore (order 10/DIR/FIU-IND/2024, dated 19 Jun 2024), and Binance registered as a reporting entity (B).
• INR: P2P only: you pay a seller directly by bank transfer, UPI or wallet, and can appeal after 15 minutes (B). Binance announced INR P2P with Google Pay and PhonePe in 2021 (A). We found no official page for direct INR deposits or withdrawals.
• Fees: spot 0.10% maker / 0.10% taker, or 0.075% if you pay with BNB (A).
• TDS: not verified. Sources disagree on whether Binance deducts 1% TDS for Indian users, and we found no official Binance page on it. Do not assume Binance handles TDS for you; see the tax section.
• Withdrawals: Binance says a transaction ID usually appears within 1–30 minutes, then network confirmation takes about 10–60 minutes for Bitcoin and about 3 minutes for BNB Chain and TRON (A; Binance’s estimate, not a time we measured). Withdrawals are suspended for 24 to 48 hours after security changes such as a password change, and Binance says this cannot be lifted early (A). Crypto withdrawal fees are in the table below.
• Record: no platform-wide withdrawal suspension found (checked 11 Oct 2026, B). Proof of reserves is published, but the ratios did not load for us. Binance is in our complaint sample.

Pros: FIU order on record; low spot fee with a BNB discount; published withdrawal fees. Cons: no direct INR route found; TDS handling not verified; reserve ratios not verified.

More: Binance alternatives · Binance vs Bybit

Bybit

• FIU evidence: Bybit announced its FIU-IND registration in a press release dated 6 Feb 2025; a later Bybit release dates the registration to January 2025. FIU fined Bybit Rs 9.27 crore (order 15/DIR/FIU-IND/2024, dated 31 Jan 2025). Bybit first restored services to Indian users on 25 Feb 2025, and says full app and web access returned on 8 Sep 2025 (all B).
• Products: Bybit says spot, derivatives, options and copy trading are available in India (B). Bybit Card, Trading Bot, Bybit CFD and altcoin P2P are not (A).
• INR: Bybit’s India guide lists UPI/IMPS through Onmeta, a third-party provider, for buying only, plus INR P2P for buying and selling BTC, ETH, USDT and USDC (A). It describes no direct INR bank withdrawal, so selling to rupees appears to go through P2P.
• Fees and tax: spot 0.10% / 0.10% for non-VIP users; Bybit notes rates can vary by region (A). Bybit adds 18% GST on trading fees and deducts 1% TDS on crypto-to-INR sales and crypto-to-crypto trades, not on buys; TDS and GST invoices can be exported from its tax centre (A).
• Withdrawals: Bybit says an instant withdrawal may take up to 15 minutes to process, longer when the network is highly congested (A; Bybit’s estimate, not a time we measured). Withdrawals are blocked for 24 hours after security changes, and funds linked to prohibited sources can be held for a compliance review with no stated time limit (A). Bybit’s crypto withdrawal fees are not yet verified.
• Record: Bybit was hacked on 21 Feb 2025 for approximately $1.5 billion; according to the FBI, North Korea’s “TraderTraitor” activity was responsible (FBI PSA, A). No platform-wide withdrawal suspension found (checked 11 Oct 2026, B). Bybit’s latest proof-of-reserves report, by Hacken and dated 29 Sep 2026 (snapshot 23 Sep 2026, 50 assets), states reserves above 100% for each asset, including USDT, USDC, BTC and ETH; it does not publish exact ratios (A). Bybit is in our complaint sample.

Pros: deducts TDS and issues tax invoices; UPI/IMPS buying via Onmeta; published proof of reserves and withdrawal rules. Cons: no direct INR withdrawal described; 2025 hack; withdrawal fees not yet verified; 18% GST on fees.

More: Bybit review.

KuCoin

• FIU evidence: FIU-IND fined KuCoin’s operator, Peken Global Limited, Rs 34.5 lakh (order 08/DIR/FIU-IND/2024, dated 22 Mar 2024). A press release from its counsel calls it the first offshore virtual digital asset service provider registered with FIU-IND (B).
• INR: P2P only, paying by UPI, IMPS, bank transfer or wallets such as Google Pay, PhonePe and Paytm (A, from a KuCoin page dated April 2024).
• Fees and tax: spot 0.10% / 0.10% for Class A coins (A). KuCoin deducts 1% TDS when both your KYC ID and IP address are Indian: on INR-market sells, crypto-to-crypto trades and P2P sells, but not on INR-market buys, P2P buys, withdrawals or transfers. Without a PAN it deducts 20%. The TDS shows in Form 26AS under the name Peken Global Limited (A).
• Withdrawals: KuCoin says “Pending” withdrawals are typically handled within 30 minutes and “Processing” may take 2–3 hours; large withdrawals are processed manually (A; KuCoin’s estimate, not a time we measured). Withdrawals are suspended for 24 hours after security changes (A). Crypto withdrawal fees are in the table below.
• Record: proof of reserves, snapshot 30 Sep 2026: BTC 109%, ETH 117%, USDT 110%, USDC 127% (A). No platform-wide withdrawal suspension found on KuCoin’s global platform (checked 11 Oct 2026, B); no India incident found.

Pros: the most detailed TDS rules of any exchange here; current proof of reserves with full ratios; published withdrawal fees. Cons: INR via P2P only; its INR page dates from 2024; a higher BTC withdrawal fee than Binance (see the withdrawals table).

INR routes compared

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We do not yet have data on how each exchange handles P2P disputes, so read its P2P rules before your first trade.

Withdrawals from the global exchanges: fees and appeal routes

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Fees were read from each exchange’s own public data on 11 Oct 2026 and change with network conditions; the withdrawal screen shows the current fee before you confirm. Bybit charges a fixed fee per coin and chain, shown in its withdrawal window; internal transfers between Bybit accounts are free.

None of the three publishes a formal complaints procedure with deadlines for its global platform. Contact an exchange only through its official website or app, and ignore anyone who offers to “recover” funds for a fee.

Sources

• Binance public withdrawal settings
• Binance withdrawal-function guide
• Bybit withdrawal FAQ
• Bybit compliance-review FAQ
• KuCoin public currency data
• KuCoin withdrawal help
• KuCoin freeze guide

Checked 11 Oct 2026.

Registered but not confirmed for retail: Coinbase

Coinbase announced FIU-IND registration on 11 Mar 2025, but we have not confirmed that retail trading has launched in India (B). We will add it if and when it opens.

Exchanges not available in India (and why)

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Bitget: not available to new users in India. Sign-ups have been paused since 6 Feb 2026, and we found no evidence of FIU registration. Separately, on 24 Sep 2026 Bitget reported unauthorised withdrawals from hot and warm wallets of approximately $388 million. Bitget says user balances were unaffected and withdrawals fully reopened on 2 Oct 2026. See our Bitget incident tracker and Bitget’s official incident page.

If you already hold funds on one of these exchanges, check its official announcements for India users and use only its official support channels:

• Gate: live chat, or a ticket to support@gate.com with the TXID or order ID; Gate publishes no complaint deadline (A).
• BingX: for an account restriction, its “Submit an appeal” page (bingx.com/security/limithelper); BingX publishes no complaint deadline (A).
• Kraken: its online complaint form or a support ticket. Kraken says it confirms receipt within 5 business days and aims to respond within 15 business days, 30–35 for complex cases (A).

Sources: Gate withdrawal help, BingX account compliance guide, Kraken complaint process. Checked 11 Oct 2026. Ignore anyone who offers to “recover” funds for a fee.

We do not cover ways to bypass restrictions, including VPNs.

What FIU-IND registration means (and what it doesn’t)

The registration evidence for each exchange, including the notice rounds against unregistered platforms, is on our FIU-registered exchanges page.

Since 2023, crypto exchanges serving Indian users (“virtual digital asset service providers”) must register with FIU-IND as reporting entities under India’s anti-money-laundering law (PMLA). FIU-IND has issued circulars on this (10 Mar 2023, 17 Oct 2023, revised 20 Jan 2025 and 15 Sep 2025) and updated its AML/CFT guidelines on 8 Jan 2026 (A).

It notified URL blocks for 9 offshore exchanges on 28 Dec 2023, and reportedly for 25 more in Oct 2025 (B).

Registration means the exchange has taken on reporting obligations. It is not an investor-protection licence, a deposit guarantee or a judgment on solvency: CoinDCX and Mudrex, both of which say they are registered, each had an incident in 2025.

FIU-IND’s downloads page has circulars but no public registry, which is why every registration here is marked B.

Crypto tax and TDS in India (official sources)

This is general information, not tax advice. Check incometax.gov.in or a chartered accountant for your situation.

1% TDS on crypto transfers

TDS applies to transfers of virtual digital assets (VDAs): under Section 194S of the Income-tax Act, 1961 until 31 March 2026, and under Section 393(1), Table Sl. No. 8(vi) of the Income-tax Act, 2025 from 1 April 2026. The Income Tax Department’s e-filing portal confirms both: its TDS compliance FAQ lists “Form 26QE — TDS on transfer of virtual digital assets (Section 194S)” for the 1961 Act, and VDA TDS once reported in Form 26QE now goes in Form 141, Schedule D (A).

On the switchover, the department’s TDS compliance FAQ says: “If the earlier event occurs on or before 31st March, 2026, the Income tax Act, 1961 will be applicable.” It also says: “The TDS rates and monetary thresholds for all categories of payments have been retained” (TDS compliance FAQ, checked 10 Oct 2026).

The 1% rate is stated on official exchange pages (Bybit, KuCoin) and in tax guides; we could not open a tax-department page that states the figure itself (B).

Secondary sources say no TDS applies if the total paid in a financial year is up to ₹50,000 where the payer is a specified person, or ₹10,000 for others (B, TDSMan). Without a PAN the rate is higher; KuCoin says it deducts 20%.

Who deducts it

The deductor is the person paying for the crypto. An exchange that says it deducts TDS does this for you, and the deduction should appear in your tax statement.

On P2P trades, or on an exchange that does not deduct, the obligation can fall on you as the buyer; sources disagree on how this works for P2P, so check with a chartered accountant. Every exchange in our short list says it deducts, except Binance, which we have not verified: do not assume it handles TDS for you.

Tax on gains

Gains from VDAs are taxed at 30%, plus any applicable surcharge and 4% cess, under Section 115BBH of the 1961 Act (the equivalent provision of the Income-tax Act, 2025 applies from 1 April 2026). You report them transaction by transaction in Schedule VDA of ITR-2 or ITR-3; with VDA income you cannot use ITR-1 or ITR-4 (ITR-2 FAQ, A).

An Income Tax Department FAQ for AY 2024-25 says losses from VDA transactions cannot be set off against other income (B; we saw this only as quoted in search results for the official PDF). Exchanges also charge 18% GST on their fees (Bybit, A; CoinDCX, Mudrex and ZebPay, B).

Futures trading in India: read this first

Leverage warning Futures are leveraged. A small price move can liquidate your entire margin, and you can lose money quickly. As an illustration, at 20x leverage a move of about 5% against you equals your whole margin before fees; the higher the leverage, the smaller the move. Never trade with money you cannot afford to lose.

Standard futures fees from our data:

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Maximum leverage varies by contract and falls as your position grows. Bybit publishes its limits on its risk-limit page; Binance’s own account caps: Futures accounts in their first 30 days: leverage above 20x is not available and new positions may not exceed 20x (since 7 Dec 2025); Binance lifts these limits gradually only after 30 days. Futures accounts of regular users' sub-accounts: leverage above 5x is not available (since 12 Aug 2025) (official FAQ, A, checked 11 Oct 2026). These are risk figures, not targets.

We show no futures or copy-trading links for Indian readers; copy trading on these platforms uses futures. The exchange links elsewhere on this page are for spot trading. For context, see best crypto futures platforms and best copy trading platforms.

Withdrawal & freeze record

Withdrawal record (researched, not tested). WithdrawFirst does not open exchange accounts, deposit or withdraw funds. This section summarises each exchange’s own withdrawal rules and notices, public incident reports and our dated complaint sample. Last verified 10 Oct 2026.

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In a sample of 95 Trustpilot reviews of Bybit, Binance, MEXC and Bitget (every review on page 2 of each exchange’s page, all star ratings, read on 9 October 2026), 47 were mainly about frozen accounts or withheld withdrawals, and 53 mentioned the problem. This is a small, self-selected sample of mostly one-star reviews, not a measure of how often accounts are frozen.

Of the exchanges on this page, only Binance and Bybit are in the sample. More on how we count complaints.

Context: WazirX (not a recommendation) On 18 Jul 2024, WazirX paused trading and INR and crypto withdrawals after a hack of a multisig wallet, reported in the press at approximately US$234 million.

After a court-supervised restructuring of its Singapore parent, Zettai Pte Ltd (a revised scheme was sanctioned on 13 Oct 2025), WazirX began a phased relaunch on 24 Oct 2025. Creditors still hold Recovery Tokens for the unpaid part of their claims, so we do not list WazirX as an option.

Sources: Cointelegraph, Business Standard (B, checked 10 Oct 2026).

If your own account is frozen, see what to do, in order.

How we chose

We kept only exchanges registered with FIU-IND, based on FIU penalty orders and exchange statements, then excluded those not confirmed open to Indian retail users (Coinbase) or not operating normally (WazirX). We do not rank the rest; see our methodology.

This page is Researched (not tested). We research exchanges’ official pages and regulator records and keep every figure in a dated data sheet. We do not open accounts or move funds, and we do not give exchanges an overall score.

This page is not for you if you live outside India (the Indian exchanges serve Indian users only), or you are looking for futures or copy-trading links, which we do not show for India.

Related: Best copy trading platforms · Best futures platforms · Binance alternatives · Binance vs Bybit