Is my exchange safe?
Indian crypto exchanges compared on what matters when things go wrong. Independent: we take no referral or affiliate fees.
Last checked 6 November 2026. Features change often; confirm in the app before you deposit.
| Exchange | FIU-IND registered | Crypto withdrawals | INR deposits and withdrawals | Proof of reserves | Major incidents |
|---|---|---|---|---|---|
| CoinDCX | Yes | RestrictedReported as restricted for many accounts. | Bank transfer (check app for UPI) | Check |
|
| CoinSwitch | Yes | Conflicting reportsUsers report sell-to-INR only; some guides say withdrawals are allowed. Check in the app. | UPI and bank transfer | Check | None found in our research |
| ZebPay | Yes | YesAllowed, with withdrawal fees. | UPI and bank transfer | Check | None found in our researchUser reports: Slow INR withdrawals and account fees. |
| Mudrex | Yes | YesReported as allowed. | UPI and bank transfer | Check | None found in our researchUser reports: Wide gap between USDT buy and sell prices. |
| WazirX | Yes | CheckRestarted after restructuring; check current limits. | Bank transfer | Check |
|
| Binance | Yes | YesAllowed; paused temporarily during the October 2026 incident. | Mainly through P2P, which carries account-freeze risk | Check |
|
How to read this board
- FIU-IND registered means the platform is registered for anti-money-laundering purposes. It isn’t a licence or a safety guarantee. What registration means.
- Crypto withdrawals matter if you want to hold coins in your own wallet, use DeFi or claim airdrops.
- Check means we haven’t verified it independently yet. Ask the exchange, and tell us what you find.
- User reports are recurring complaints in Indian crypto communities. They’re signals, not verified facts.
Before you pick one
Use our full exchange checklist, never keep more on an exchange than you need to trade, and spread risk across platforms. Long-term holdings are safer in a wallet you control.
Spotted something out of date?
Exchanges change policies often. Tell us and we’ll verify and update the board.