India

Regulatory Policy
Resist
GDP (USD)
3224.87B
Population
1.38 B
Exchange Registration
58
Exchange Business
282
Exchange Field Survey
0

Trading environment analysis

The battle for cryptocurrencies has been tumultuous in the country. While digital currencies have no faced an outright ban, they have however been made increasingly difficult to acquire. This is because the central banking system has banned the purchase of them, and that makes it near impossible for citizens of the country to buy and sell their Bitcoin or other cryptos.

Many users have been very unhappy that they were unable to purchase using their bank cards. It seems some of those problems have been eased, and there are a number of exchanges which now allow bank purchases.

India cryptocurrency regulation does not restrict the use of BTC or other cryptocurrencies, but they are also not considered legal tender. The central bank of IN famously issued a banking ban which made it difficult for many users to acquire Bitcoin. However, due to the large number of the country's citizens who do remote work, they've found some more enterprising ways to acquire this currency.

Namely by using their wages earned from Amazon's mechanical Turk to cash out their earnings to BTC with Purse thanks to some help from crypto owners in other countries. The point being, that while the government may hamper the usage of these currencies a bit, they have not removed all methods of entry from the nation.

Exchange
Score
Established
Influence
Details
1
coinbase
9.16
10-15 years
A
2
bitFlyer
8.87
5-10 years
AA
3
BINANCE
8.77
5-10 years
AAA
4
GMO
8.72
5-10 years
AA
5
GEMINI
8.70
5-10 years
AA
6
Bitstamp
8.64
10-15 years
AA
7
BINANCE US
8.59
2-5 years
AAA
8
UPbit
8.57
5-10 years
AAA
9
OKCOIN
8.44
10-15 years
A
10
COINLIST
8.26
5-10 years
A
11
HTX
8.13
10-15 years
B
12
bitkub
8.12
5-10 years
A
13
OKCOIN JAPAN
8.07
2-5 years
A
14
PAXOS
7.97
10-15 years
A
15
BitGo
7.81
5-10 years
A
16
coinme
7.79
5-10 years
B
17
COINFLIP
7.75
5-10 years
A
18
ZIPMEX
7.69
5-10 years
A
19
RIVER
7.66
2-5 years
A
20
bitpanda
7.62
5-10 years
AA
wazirx
Details

A Site Visit to wazirx No Real Place to Do Business

After being regulated by the inspection team, the office of the cryptocurrency exchange Wazirx in Bombay does not really exist. Please choose carefully.
Danger
India
Jan 29, 2021
bitbns
Details

A Visit to the Cryptocurrency Dealer Bitbns in India - Office Moved Away

The survey team confirmed after the on-the-spot visit that there was no office of Bitbns at the aforesaid business address in koramangala, India. And it was learned that the dealer had moved to a new office. Please be prudent when trading with this dealer.
Danger
India
Dec 28, 2020
payBito
Details

A Visit to the Cryptocurrency Exchange PayBito in India - Finding No Office

The survey team confirmed after the on-the-spot visit that there is no office of PayBito at the aforesaid business address in Kolkata, India. The team was surprised to find that the address belonged to a private house, in which there was no office of PayBito. Please be prudent when trading with this dealer.
Danger
India
Dec 23, 2020