CoinDCX and CoinSwitch are India's two largest crypto apps, both FIU-registered, both with INR futures, options and SIPs. The differences are in custody, fees and track record.
CoinSwitch is the simpler choice for beginners who will stay in rupees. CoinDCX is better if you want to withdraw coins to your own wallet or want the widest set of trading products.
| CoinDCX | CoinSwitch | |
|---|---|---|
| Best for | Traders who want spot, INR futures and options in one app | Beginners and INR-only investors |
| Founded / HQ | 2018 · Mumbai | 2017 · Bengaluru |
| FIU-IND registered | Yes, registered with FIU-IND as a reporting entity; no FIU penalty found | Yes, registered with FIU-IND; ISO 27001 certified; no FIU penalty found |
| INR deposits | UPI, IMPS/NEFT bank transfer | UPI, IMPS/NEFT bank transfer |
| Spot trading fee | Tiered by 30-day volume, roughly 0.03% to 0.50% on INR spot (check the live fee page) + 18% GST on fees | Tiered, roughly 0.04% to 0.40% on spot depending on volume (check the live fee page) + GST |
| Futures | Yes, INR-margined and USDT-margined futures, plus INR options on BTC, ETH and SOL | Yes, INR-margined futures and INR options |
| SIP / recurring | Yes, from ₹100, including daily SIPs | Yes, monthly SIP from ₹100 |
| Coins listed | 500+ (company claim) | 250+ |
| 1% TDS deducted | Yes, automatically | Yes, automatically; tax reports in the app |
| Security record | July 2025: about $44M taken from an internal operational wallet; customer funds untouched, loss covered from CoinDCX's treasury. Publishes monthly proof-of-reserves. | No hack of its own found. Publishes proof of reserves (₹2,360 crore reserves vs ₹1,747 crore customer holdings on 31 Mar 2026). |
CoinDCX lets you send coins to any external wallet. CoinSwitch does not, you can only sell to INR and withdraw rupees. If you ever want self-custody, that settles it.
CoinDCX lost about $44M from an internal wallet in July 2025 and covered the loss itself; customer funds were untouched. CoinSwitch has no hack of its own on record and its March 2026 proof of reserves showed about ₹613 crore more in reserves than customer holdings. Both publish regular reserve reports.
Both tier spot fees by volume, CoinDCX roughly 0.03% to 0.50%, CoinSwitch roughly 0.04% to 0.40%, plus GST. At small volumes the difference is minor; always check the fee shown before you confirm an order.
Read the full reviews: CoinDCX review · CoinSwitch review · every Indian app compared.
For beginners staying in INR, CoinSwitch is simpler. For crypto withdrawals and the widest range of products, CoinDCX. Both are FIU-registered.
Both use tiered fees and are similar at small volumes; CoinSwitch's top base rate is slightly lower. Check the fee shown at order time.
CoinDCX spot trading charges run roughly 0.03% to 0.50% of the order and CoinSwitch roughly 0.04% to 0.40%, depending on your volume tier. On both, 18% GST is added to the fee, and 1% TDS is deducted when you sell. CoinDCX also charges a network fee when you withdraw crypto; CoinSwitch does not allow crypto withdrawals at all.
The RBI does not register or approve crypto exchanges. Indian exchanges must instead register with FIU-IND under the anti-money laundering law, and both CoinDCX and CoinSwitch are FIU-registered. See RBI approved crypto exchange in India for the full explanation.
Yes. CoinSwitch is FIU-registered, has no hack of its own on record and publishes proof of reserves. Read our CoinSwitch safety check.
No. CoinSwitch does not allow crypto withdrawals, so you would need to sell to INR, withdraw, and buy again on CoinDCX (with tax and TDS consequences).
