Indian crypto exchanges now offer easier INR access to meme coins like MEME
MEME prices move fast due to social media trends and market sentiment
Crypto profits face 30% tax and 1% TDS, impacting frequent traders
Meme-based cryptocurrencies like Memecoin (MEME) are gaining serious attention in India. Many new traders see meme coins as an easy entry into crypto because they are cheap, widely discussed online, and easy to buy. What once looked like internet humor has turned into a fast-moving part of the market, shaped by social media trends and growing exchange support.
Indian platforms have improved payments and compliance, making it easier to buy MEME, even though the risks remain high. Below are some exchanges through which Indians can buy crypto and meme coins.
It is one of the most widely used crypto exchanges in India. After PAN-based verification, users can add money through UPI or bank transfer and buy MEME directly. With small order sizes and simple processes, it is popular with beginners.
Also Read: How to Choose a Crypto Exchange as a Beginner (Security, Fees, KYC)
CoinSwitch focuses on a clean, app-first experience. Its UI is beginner-friendly, making MEME purchases easy. Users can select the token, enter the amount in INR, and proceed with the transaction after completing KYC.
Mudrex supports direct INR purchases and is known for its low and transparent fees. Along with regular buying, some users prefer its scheduled investment options, which help invest small amounts regularly in select cryptocurrencies.
Delta Exchange was earlier known mainly for derivatives trading, but it also offers spot buying. MEME can also be purchased through it, and the platform supports UPI payments, making it easier for Indian users to get started.
Shark Exchange is a newer Indian platform that has gained attention for listing trending tokens early. It supports INR onboarding, offers a simple interface, and is aimed at retail traders looking for quick access to new cryptocurrencies.
Many other global platforms, like Binance, Exness, and Bybit, are also used by many Indian traders. Such platforms usually require KYC verification. Since direct INR trading is typically unavailable, users usually first convert INR into USDT via supported on-ramps or peer-to-peer services.
They use USDT to buy meme coins and other cryptocurrencies. When exiting, funds are converted back from USDT to INR using the same channels to allow traders to withdraw to bank accounts, subject to the platform's rules and local regulations.
Also Read: How to Deposit and Withdraw Money from a Crypto Exchange Safely
Most exchanges follow a similar process:
• Create an account on an exchange
• Complete identity checks using PAN, Aadhaar, and a live selfie
• Add funds through UPI, bank transfer, or existing crypto
• Search for MEME, enter the amount, and place the order
• Hold the tokens on the exchange or move them to a personal wallet
Security tools such as two-factor authentication and withdrawal controls help reduce account risks.
Crypto trading is legal in India, but it is closely monitored. Profits from crypto trades are taxed uniformly at 30%, regardless of the holding period of the asset. Losses from crypto trades cannot be set off against any other income. A 1% TDS on many transactions can also apply, which can be a pain in the pocket for frequent traders.
Also Read: Top 10 Crypto Exchanges in India: Features, Fees & Reviews
Exchanges share transaction data with authorities, and identity checks are mandatory. Meme coins are known for sharp price swings. A joke, post, or trend can drive prices up within hours, while interest can disappear just as quickly. MEME falls firmly into the high-risk category and works best as a small speculative position rather than a long-term holding.
Buying Memecoin (MEME) in India is easier than ever in 2026. INR deposits, familiar apps, and smoother onboarding have removed many entry barriers. The real challenge lies in managing volatility, understanding tax costs, and cutting through online hype in an increasingly crowded crypto market.
1. Why are meme coins becoming popular among Indian crypto traders?
Low prices, social media buzz, and easy access on Indian apps attract new traders.
2. Can MEME be bought directly using INR on Indian exchanges?
Yes, several Indian platforms allow direct INR purchases via UPI or bank transfer.
3. Are meme coins suitable for long-term investment strategies?
Meme coins are highly volatile and generally suited for short-term speculation.
4. What taxes apply when trading meme coins in India?
Crypto profits are taxed at 30%, with 1% TDS on many transactions.
5. Is KYC mandatory for buying MEME on crypto exchanges?
Yes, PAN-based KYC is required on Indian and most international platforms.