Two beginner-friendly Indian apps with clean security records: CoinSwitch, the biggest by users, and ZebPay, the oldest. They differ on custody and costs.
CoinSwitch is simpler and usually cheaper for small buyers who stay in rupees. ZebPay is better if you want to move coins to your own wallet and value an 11-year track record.
| CoinSwitch | ZebPay | |
|---|---|---|
| Best for | Beginners and INR-only investors | Cautious long-term investors and Bitcoin SIPs |
| Founded / HQ | 2017 · Bengaluru | 2014 · Ahmedabad (now Mumbai) |
| FIU-IND registered | Yes, registered with FIU-IND; ISO 27001 certified; no FIU penalty found | Yes, registered with FIU-IND; no FIU penalty found |
| INR deposits | UPI, IMPS/NEFT bank transfer | UPI, IMPS/NEFT, deposits free, ₹15 per INR withdrawal |
| Spot trading fee | Tiered, roughly 0.04% to 0.40% on spot depending on volume (check the live fee page) + GST | 0.45% maker and taker at the regular tier, down to 0.03% at VIP; QuickTrade from 0.5%; monthly inactivity fee of 0.0001 BTC |
| Futures | Yes, INR-margined futures and INR options | Yes, perpetual futures on crypto-INR and crypto-USDT pairs, all INR-margined, up to 20x |
| SIP / recurring | Yes, monthly SIP from ₹100 | Yes, Bitcoin SIP, plus CryptoPacks (baskets) |
| Coins listed | 250+ | 300+ pairs |
| 1% TDS deducted | Yes, automatically; tax reports in the app | Yes, automatically; tax reports via KoinX |
| Security record | No hack of its own found. Publishes proof of reserves (₹2,360 crore reserves vs ₹1,747 crore customer holdings on 31 Mar 2026). | No major hack on record in 11+ years |
ZebPay lets you withdraw crypto to external wallets (with per-coin fees). CoinSwitch doesn't, you can only exit in INR.
ZebPay charges 0.45% at the regular spot tier (QuickTrade from 0.5%), ₹15 per INR withdrawal and a monthly inactivity fee. CoinSwitch tiers fees up to roughly 0.40%, and we found no inactivity fee.
ZebPay has run since 2014 without a major hack; CoinSwitch since 2017, also with no hack of its own, and it publishes proof of reserves showing a surplus.
Read the full reviews: CoinSwitch review · ZebPay review · every Indian app compared.
Both are beginner-friendly. CoinSwitch is simpler and we found no inactivity fee; ZebPay allows crypto withdrawals and has the longest track record.
Yes, ZebPay's fee page lists a monthly inactivity fee of 0.0001 BTC.
Yes, both are registered with FIU-IND and deduct the 1% TDS automatically.
