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The Economic Times
The Economic Times

EXPLAINED: Choosing a crypto exchange in india read this first | Rare Historical Photos

India’s crypto market has never been short of choices. WazirX, CoinDCX, CoinSwitch, ZebPay, and Binance each have their loyalists, strengths, and pitch. Yet for the ordinary Indian trader (someone who’s watching the 1% TDS eat into every transaction and wondering whether the platform they use is actually working for them) the decision deserves more than a passing glance at the app store ratings.

WazirX, which resumed operations in October 2025 after navigating one of the most complex restructuring processes in the history of digital assets in India, has quietly been winning users back. Here’s why.

The fee question

In a market where 1% TDS takes a slice of every trade regardless of profit, paying additional exchange fees on top is a cost that compounds faster than most traders realise. Most platforms charge a percentage per trade. At the time of writing this, CoinDCX’s spot fee (in INR) is up to 0.5% depending on monthly trading volume, while CoinSwitch’s tiered model goes up to 0.49% depending on the exchange that routes the transaction. ZebPay’s standard rates go up to 0.45%-0.5%.

WazirX has taken a different route with WazirX ZERO , launched in December 2025. Pay ₹99 a month, which is less than what you’d spend on a streaming subscription, and every trade you make carries zero trading fee. There’s no percentage deducted on buy and sell. Whether five trades in a month or 500, the math is the same.

This makes all the difference for active traders. A user trading ₹10,000 ten times a month at a 0.4% round-trip fee ends up handing over roughly ₹6,000 a year to their exchange. WazirX ZERO caps that at ₹1,188 (including GST) annually, regardless of how much you trade.

Liquidity where it counts

A low fee means little if your order takes seconds to fill at a price three ticks away from where you clicked. Liquidity, which is the depth of the order book and the speed at which trades execute, matters more the faster you trade.

WazirX performs strongly on INR-denominated pairs, which is where most Indian retail traders actually operate. For the trader who wants direct rupee exposure without routing through USDT conversion costs, the platform’s depth on major pairs holds up well even when markets are moving.

450+ tokens, one platform

WazirX supports over 450 cryptocurrencies and trading pairs, which puts it ahead of several domestic competitors. ZebPay lists over 400. CoinDCX’s catalogue spans over 500 cryptocurrencies, but for Indian traders who move between the majors and the occasional altcoin play, WazirX offers everything in one place, without you having to switch apps and pay higher fees.

Built for both ends of the learning curve

The perennial tension on any trading platform is between simplicity and depth. CoinSwitch has built its reputation on being the entry point for beginners. CoinDCX leans toward the more experienced trader. WazirX sits in between and does so without feeling like a compromise. The interface is clean enough for a first-time buyer and detailed enough for someone managing an active portfolio with limit orders and chart overlays.

Security with intent

WazirX has partnered with BitGo, one of the world’s largest digital asset custodians, while also integrating Fireblocks infrastructure to strengthen transaction security. The platform operates under FIU-IND registration and follows KYC and AML compliance norms.

The BitGo partnership marks a significant step in WazirX’s move toward an institutional-grade custody and security framework. BitGo brings regulated custody services, multi-signature wallet infrastructure, insured cold storage, and support for over 1,100 digital assets globally. WazirX has described the collaboration as part of its effort to enhance transparency, strengthen fund protection, and reinforce user trust through globally recognised security standards and infrastructure.

Futures trading with the lowest fees in the industry

WazirX has entered the crypto futures market with a structure designed specifically for Indian traders: direct INR pairs, no double-conversion cost, and a fee structure that the platform says ranks among the lowest in the industry. WazirX Futures has a maker fee of 0.02% and a taker fee of 0.04%. Among Indian crypto exchanges, this is the lowest fee, with no volume threshold required to access it.

Before accessing Futures, users complete a mandatory knowledge quiz covering leverage, margin and liquidation. The initiative is designed to encourage responsible trading practices, and to ensure users are well informed before they participate in futures trading.

Profits from futures trading will also contribute to the valuation of recovery tokens issued by the platform to its creditors as part of its restructuring effort, which means active trading on the platform directly supports the broader recovery effort.

To sum up

While every exchange in India has a USP, WazirX’s is a combination that is harder to put together: low and predictable fees, a wide token catalogue, a platform that works for different kinds of traders, and a security infrastructure that is foolproof.

For Indian traders who are tired of watching fees compound quietly in the background, this combination is worth a closer look.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content.

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