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CoinSwitch is India’s largest crypto exchange — 20M+ users, FIU-IND registered, ISO/IEC 27001:2022 and SOC 2 Type II certified. Offers 400+ cryptocurrencies, 0.04%–0.40% fees (volume-tiered), automatic TDS deduction, INR deposits via UPI and bank transfer, and CoinSwitch Pro for advanced trading. Launched “CoinSwitch Cares” — a Rs 600 crore ($72M+) recovery program for WazirX hack victims.
| 📊 Feature | Details |
|---|---|
| ⭐ Rating | 4.0 / 5 |
| Best For | Indian crypto beginners — largest user base with full regulation |
| Founded | 2017 (Bengaluru, India) |
| Users | 20M+ (India’s largest crypto app) |
| Regulation | ✅ FIU-IND registered, ISO/IEC 27001:2022, SOC 2 Type II |
| Supported Assets | 400+ cryptocurrencies (spot) |
| Trading Fees | 0.04%–0.40% (volume-tiered) |
| INR Deposit | ✅ UPI, bank transfer (IMPS, NEFT) |
| TDS | ✅ Automatically deducted and reported |
| Advanced Trading | CoinSwitch Pro — futures/options with 430+ contracts |
| Staking | ✅ Via partnership with Kiln |
| Crypto Withdrawals | ⚠️ Verify current availability — restrictions have applied |
| CoinSwitch Cares | ✅ Rs 600 crore WazirX hack victim recovery program (Jan 2025) |
| Available In | India only |
| 👉 Join CoinSwitch — India’s Largest Crypto Exchange, 20M+ Users → | |
Key Takeaways
- CoinSwitch is India’s largest crypto exchange by user count — 20M+ users, FIU-IND registered, ISO/IEC 27001:2022 data security certification, and SOC 2 Type II asset custody certification. The regulatory triple-certification makes it one of the safest Indian exchanges by compliance.
- CoinSwitch Cares — launched January 2025, CoinSwitch committed Rs 600 crore (~$72M) to help WazirX hack victims recover funds. CoinSwitch secured court approval in October 2025 to recover $5M stuck on WazirX on behalf of users. This community-first initiative significantly elevated CoinSwitch’s reputation among Indian crypto users.
- Automatic TDS deduction — unlike many platforms, CoinSwitch automatically deducts and reports the 1% TDS on crypto trades, removing the tax compliance burden from individual users.
- Fees: 0.04%–0.40% — among the most competitive in India for active traders. The lowest tier (0.04%) requires high monthly volume; casual traders typically pay 0.20%–0.40%.
- CoinSwitch Pro offers futures and options on 430+ contracts — more advanced than the beginner-focused main app. API access and OTC trading are also available for institutional users.
CoinSwitch vs CoinDCX — Quick Comparison
| Feature | CoinSwitch | CoinDCX |
|---|---|---|
| Users | 20M+ | 15M+ |
| Trading Fees | 0.04%–0.40% | 0.04%–0.50% |
| Assets | 400+ | 500+ |
| Futures | ✅ CoinSwitch Pro | ✅ CoinDCX Pro |
| Auto TDS | ✅ | ✅ |
| FIU-IND | ✅ | ✅ |
| Best For | Beginners, WazirX victims | Active traders, larger altcoin selection |
⚡ Bottom Line: CoinSwitch is India’s safest and most beginner-friendly crypto exchange — FIU-registered, ISO + SOC 2 certified, 20M+ users, and with the highest-profile user protection initiative in Indian crypto (CoinSwitch Cares for WazirX victims). For pure trading depth and altcoin variety, CoinDCX or Binance India have slightly more options. For regulatory safety and simplicity, CoinSwitch is the top choice.
⚠️ Risk Disclaimer: Available in India only. 30% tax on crypto gains + 1% TDS applies. Crypto withdrawals — verify current availability. This is not financial advice.
