Coinbase launches in India with direct INR support: How to deposit rupees, trade crypto and withdraw funds

Global cryptocurrency exchange giant Coinbase has officially launches operation in India with with direct Indian Rupee rails. This means Indian retail investors can now add and withdraw money directly from the platform and it also ends peer-to-peer (P2P) transactions or other workarounds that were commonly used earlier to access crypto markets.

The company said, “Over the past few years, we've invested meaningfully in the Indian ecosystem. We're an investor in CoinDCX, one of India's leading crypto exchanges. Through Base, our Ethereum Layer 2 network, we've put over $1 million into the Indian builder community through hackathons, direct grants, and fellowships. More than 4,000 builders in India have built on Base, and around 150 of those projects have grown into real startups.”

“Today, we're taking the next step: making Coinbase fully accessible to Indian retail traders with direct INR support”

What's available

• Indian customers can now deposit and withdraw rupees via IMPS, without reliance on P2P rails or intermediaries.
• Customers have access to spot trading across a range of assets, alongside perpetual futures contracts covering major crypto assets.
• Coinbase has built local rupee order books that provide dedicated liquidity for Indian customers, with continued access to our global exchange.
• For customers seeking advanced functionality, Coinbase Advanced offers professional-grade tools, including APIs built to institutional standards,
• TradingView charting has also been integrated for customers who prefer a discretionary approach.

How to get started:

• Deposit rupees from your bank account via IMPS, trade on spot or futures markets, and withdraw money back to your bank when you're ready. No additional steps, no workarounds.
• If you're already a Coinbase user, INR support is currently being rolled out. If you're new to Coinbase, you can create an account at coinbase.com.

What is the fee attached to it

Coinbase Advanced's trading charges are in line with those of major Indian crypto exchanges, and users do not have to pay any fee to deposit INR.

“Beyond headline fees, execution quality matters, particularly for higher-volume traders. Deep global liquidity tends to mean tighter spreads and lower slippage compared to thinner local order books, which affects total cost of trading in ways that aren't always visible upfront,” it said

Coinbase is registered with India's Financial Intelligence Unit — FIU-IND — and is fully compliant with Indian taxation laws, including TDS requirements applicable to virtual digital asset transactions. "We registered with FIU-IND and comply with all Indian taxation law requirements, because we're here for the long term," the company said.