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What is Crypto Exchange?
A crypto exchange is a platform where you can buy, sell, and trade cryptocurrencies. In India, CoinDCX is a leading FIU-registered exchange that supports UPI deposits and INR trading.
Full Explanation
A cryptocurrency exchange is a marketplace where users buy, sell, and trade cryptocurrencies. Exchanges come in two types: centralized (CEX) — operated by a company that holds user funds (like CoinDCX) — and decentralized (DEX) — peer-to-peer trading via smart contracts (like Uniswap). Centralized exchanges require KYC verification, offer fiat on-ramps (INR deposits via UPI/bank transfer), and provide customer support. In India, exchanges must register with FIU-IND (Financial Intelligence Unit).
Example
CoinDCX is India's largest FIU-registered exchange with 200+ coins, UPI/bank deposit support, and a beginner-friendly app. Sign up at join.coindcx.com/invite/3riE.
Related Terms
Last updated: 2026-03-21
