Crypto Exchanges in India: What Works, What Doesn’t in 2025

When it comes to crypto exchanges in India, platforms where users buy, sell, and trade digital assets like Bitcoin and Ethereum using Indian Rupees. Also known as Indian crypto trading platforms, they’re the bridge between traditional banking and blockchain—but that bridge is heavily monitored. The Reserve Bank of India hasn’t banned crypto, but it hasn’t welcomed it either. Banks still flag transactions linked to exchanges, and many platforms have shut down or moved offshore. What’s left? A handful of exchanges that play by the rules, with clear KYC, support for UPI and bank transfers, and real customer service.

One major hurdle is crypto to fiat withdrawals India, the process of turning your Bitcoin or Ethereum back into Indian Rupees and getting it into your bank account. Also known as crypto cashouts, this step trips up most users because banks don’t recognize crypto as legal tender. Even if you trade legally on a regulated exchange, your bank might freeze the deposit or ask for proof of income. That’s why only exchanges with transparent compliance teams and direct partnerships with payment processors survive here.

Then there’s Indian crypto regulation, the evolving legal framework that dictates who can operate, what data must be reported, and how taxes are applied. Also known as RBI crypto policy, it’s not a single law but a patchwork of tax rules, FIU-IND reporting requirements, and banking restrictions. Exchanges that stay open in India today are the ones that register with the Financial Intelligence Unit, collect detailed user info, and report suspicious activity. If an exchange doesn’t mention FIU-IND or GST compliance, it’s not safe.

And don’t be fooled by flashy apps promising zero fees or instant withdrawals. Many are shell companies with fake reviews. The real players—like CoinSwitch Kuber, WazirX, and ZebPay—have been around for years. They don’t hide behind anonymous founders. They list their legal entity, physical office, and tax ID. They also offer direct UPI integration, so you can buy crypto in seconds without jumping through hoops.

What you won’t find here are offshore exchanges pretending to serve Indian users. Those platforms often block withdrawals, vanish during market dips, or get shut down by Indian authorities. If your exchange doesn’t have a registered Indian company, it’s not worth the risk.

Below, you’ll find real reviews of exchanges that actually work in India in 2025—not the ones with the most ads, but the ones that keep your money safe, your taxes covered, and your bank account intact.