3 Best WazirX Alternatives and Competitors for Crypto India Users

Looking for the best WazirX alternative?

Why wouldn’t you?

WazirX is one of the leading exchanges in India, but is currently struggling to keep up with the huge demand from Indian users. This results in poor customer support and many inquiries going unresolved even after several weeks of follow-up.

You don’t want to miss the opportunity to invest in a project that could soon become bigger just because of WazirX’s incompetence. After all, in the world of cryptocurrency, every moment counts. To ease your pain, here we are sharing a list of alternatives to WazirX that will help you trade INR directly or indirectly and invest or trade cryptocurrencies.

Note: India has enacted a 30% tax on profits and 1% tax withholding tax (TDS) on all transactions in the cryptocurrency sector in 2022.

Disclaimer – Cryptocurrencies are not regulated in India and investing in cryptocurrencies may be risky for your capital. Before you start investing or trading cryptocurrency in India, make sure you understand cryptocurrency investing and refer to local laws. CoinSutra is an international publication and is not responsible for any financial losses. This list of WazirX alternatives is for educational purposes only.

I still like WazirX and think it is one of the best cryptocurrency exchanges in India. But they could certainly do better when it comes to lagging customer support.

Here are some of the best WazirX competitors you can sign up for.

Best WazirX Alternatives for Indians 🇮🇳:

1. KuCoin – India’s first compliant global cryptocurrency exchange

KuCoin is one of the first global cryptocurrency exchanges to have a Financial Intelligence Unit (FIU) in India. It is the 7th largest cryptocurrency exchange globally and KuCoin allows you to buy/sell and trade most cryptocurrencies.

KuCoin is also integrating its internal system for TDS submission, which will solve the headaches for Indian users and allow them to enjoy exposure on global cryptocurrency exchanges.

If you are looking for the best alternative to Indian exchanges such as WazirX, KuCoin is the best solution.

2. CoinDCX:

CoinDCX is an Indian cryptocurrency exchange that offers decent liquidity, instant INR deposits and withdrawals, has a great reputation, and offers better customer support than WazirX.

If you’ve used WazirX before, you’ll have no trouble getting started with CoinDCX.

CoinDCX was founded on April 7, 2018 and has offices across India.

At the time of writing this resource, CoinDCX allows you to invest in or trade almost 375+ cryptocurrencies. CoinDCX is available on the web and has mobile apps for Android and iOS.

If you want to know more about CoinDCX, read our previous CoinDCX review.

3.BitBNS:

Just a few years ago, BitBNS was the #1 alternative to WazirX, but now it has surpassed CoinDCX. However, we are not lowering this platform further as it holds a 13K position on the Alexa global charts.

As of this writing, BitBNS allows you to invest in over 112 cryptocurrencies and offers many unique features, including:

• Fixed Income Plan: Invest and Earn Better Returns
• Dynamic fee slab: fees based on transaction volume
• Bit Drops: Bitcoin’s SIP
• Margin trading

And many more features. Read our previous review of BitBNS for more details.

For instant INR deposits and withdrawals, BitBNS is the platform loved by Indians.

4. Zevpay:

ZebPay is India’s oldest cryptocurrency exchange, and it has quite a story to tell. One complaint I have with ZebPay is that once regulations become stricter in India (after RBI’s temporary ban), ZebPay will stop operations in India.

Only recently, ZebPay resumed its services in India and ranks lowest among WazirX alternatives based on traffic and engagement charts. It will be interesting to see whether ZebPay can regain its previous status as the number one exchange.

See also: ZebPay alternatives

However, this does not mean that their service quality is poor as they also have one of the best mobile apps for cryptocurrency investors in India. According to CoinMarketcap data, ZebPay only allows you to invest in 42 crypto assets. ZebPay also charges a membership fee to users who are not actively transacting on the platform.

Conclusion: What is the Best WazirX Alternative?

Well, the answer lies in your understanding of the cryptocurrency world. If you’re a complete beginner, I recommend using something like KuCoin.

They’ve been around for a while and are adding high-quality projects at a rapid pace.

We are a team comprised of blockchain and cryptocurrency experts. CoinSutra is comprised of a team of experienced cryptocurrency experts who bring you the best cryptocurrency news and tutorials on the web. CoinSutra writers and reporters contributed to this article.

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