India now owns more than 10% of the bitcoin’s total market volume. There are plenty of online exchanges for Indians to buy bitcoin from. Here are some of the best indian bitcoin exchanges:
Best Indian Bitcoin Exchanges
Zebpay is a popular Indian bitcoin exchange. Zebpay offers android and ios apps for buying and selling bitcoins. Zebpay is located in and operates from Ahemadabad. Zebpay originally became popular for selling vouchers of Pizzahut, Dominos, Flipkart on discount for bitcoins but now they have shifted their focus towards trading. Zebpay also provides the facility of paying electricity bills and mobile topup via bitcoin. Zebpay is going to launch Ethereum and other alts on their platform in the upcoming months.
PocketBits is a newly launched bitcoin exchange launched in February 2017. Pocketbits allows users to buy and sell bitcoins using their apps and website. Pocketbits provides guaranteed 59 Minutes verification, deposit and withdrawal times that no other exchange provides. I submitted my account for verification while writing this article and it is already approved. If you are fed up with the long deposit and withdrawal times by other exchanges, you can give PocketBits a try. Pocketbits is located in Mumbai.
You can use the referral code BU99-B153 to get free 200 INR worth of bitcoin on your first 5000 INR purchase.
Unocoin (Not Recommended)
Unocoin was one of the first bitcoin exchanges to be launched in India. Unocoin offers buying and selling bitcoin via NEFT/RTGS. Any bank that has IFSC is supported. Unocoin is backed by Digital Currency Group’s Founder Barry Silbert. Unocoin also have android and ios apps that allows customers to buy and sell bitcoins on the go. Unocoin raised $1.5 Million in funding last year. Unocoin is located in and operated from Bangalore. Apart from buying and selling bitcoins, Unocoin also provides the facilities to recharge mobile numbers from all operators. Unocoin also provides the facility to topup your BookMyShow wallets which allows you to buy movie tickets.
Coinsecure is a bitcoin trading platform that allows users to trade bitcoin. It provides complete order books and allows users to place buy and sell orders. CoinSecure has lower spread(difference between buy and sell price) among other Indian bitcoin exchanges. CoinSecure is different from Zebpay and Unocoin as they both dont provide orderbooks to users. CoinSecure is located in Delhi.
Koinex is a newly launched trading platform that has already left coinsecure behind in terms of volume. Just like coinsecure, it provides complete orderbooks and has lower spread. Apart from bitcoin, Koinex also allows you to trade Ethereum, Ripple and Bitcoin Cash. Koinex also provides the facility of instant withdrawals of upto Rs 2 Lakh. Koinex is located in Mumbai.
Other than the above exchanges, there are other exchanges such as LocalBitcoins, Bitlio and Bitxoxo which are not recommended due to their history of user issues. I will add more exchanges as they are launched. Good luck buying bitcoins.