All crypto exchanges in India can be broadly divided into two categories: 1) P2P & 2) Non-P2P
Here’s a list of all the Bitcoin Exchanges in India where you can buy Bitcoin using INR.
Shiftal is a leading P2P crypto exchange in India. As a peer-to-peer exchange, it allows users to buy/sell Bitcoin directly with other users on the platform.
Besides INR, Shiftal supports a variety of other currencies. Indian users can pay for their orders in Indian Rupee using a number of options such as bank transfer, UPI, Paytm wallet, credit/debit card, Google Pay, Amazon Pay voucher and more.
CoinSwitch is another leading Bitcoin exchange in India. Until March 2021, it supported INR deposits, allowing users to deposit INR using direct bank transfer and/or UPI. However, INR deposits on CoinSwitch are temporarily disabled in light of the Indian government’s reluctance to allow crypto transactions using bank accounts.
WazirX is one of the top crypto exchanges in India. Until now, you could deposit INR in your WazirX account using multiple options such as NEFT, UPI and IMPS. However, as of now, the only options available for INR deposit on the exchange are instant deposits using payment gateway (Mobikwik wallet - 1.50% fee + 18% GST) and P2P deposits (buy INR directly from other users in exchange for USDT).
CoinDCX is an India-based crypto exchange that was founded in 2018 and soon became a popular exchange for Indian users because of its fast & low-cost INR deposit feature. However, direct bank deposit on the platform has been discontinued and users now have to pay a 1.5% convenience fee (+ taxes) to the third-party payment gateway in order to deposit INR in their CoinDCX wallets.
To sum up, Shiftal Exchange is probably the easiest, most convenient and affordable way to buy Bitcoin using INR in India. The platform doesn’t need users to deposit funds in order to buy bitcoin, as they can pay directly to a seller using their preferred payment mode from over 70 options.