Best exchanges, lowest fees, fastest KYC — the complete guide to buying your first crypto in India. Takes about 30 minutes to set up and first buy.
CoinDCX: Most trusted, RBI-compliant, UPI and bank transfer, low fees (0.1%). WazirX: Large selection, UPI supported, easy UI. Mudrex: Best for beginners, coin baskets, automatic DCA. All are SEBI-registered and FIU-compliant.
Complete KYC in 15–30 minutes: Aadhaar OTP verification + PAN card upload. Both are mandatory. After KYC, you can deposit INR via UPI (instant) or NEFT/RTGS (bank). Withdrawal to bank requires same-name bank account.
Trading fee: 0.1–0.5% per trade. 1% TDS on every sale above ₹50,000 (deducted automatically). Withdrawal to wallet: network fees (gas). Use UPI for deposit — free and instant. Avoid bank transfer which takes 1–2 days.
✓ Complete KYC on CoinDCX. ✓ Deposit INR via UPI. ✓ Buy Bitcoin or ETH (start with established coins). ✓ Consider withdrawing to hardware wallet for amounts above ₹1 lakh. ✓ Record every purchase date and price for tax purposes.
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