CoinDCX Review 2024: Is CoinDCX Safe & Legit?

Disclosure This content is for educational purposes only. Cryptocurrency trading is highly volatile and may not be suitable for all investors. Make sure you adhere to local laws and regulations and conduct thorough research before trading. Take a look at our detailed review methodology on how we curated a list of metrics to evaluate platforms featured on CryptoNewsZ. We may utilize affiliate links within our content and receive a commission.

With more and more people getting into cryptocurrency trading, one might likely have come across the name CoinDCX. It is a relatively new cryptocurrency exchange that came into existence in 2018 and is based out of Singapore.

However, the India office of the best crypto exchange is based in Mumbai. This concise CoinDCX Review highlights the platform’s pros, cons, features, and relevant details, assisting users in making informed investment decisions aligned with their preferences.

CoinDCX Summary

Official Website https://coindcx.com/
Headquarters India
Found in 2018
Native Token N/A
Listed Cryptocurrency 200+
Trading Pairs Yes
Supported Fiat Currencies INR
Supported Countries India and Singapore
Minimum Deposit 500 INR
Deposit Fees Free
Transaction Fees Depends on Club Level and Volume
Withdrawal Fees Depends on Currency
Application Yes
Customer Support Email, FAQs, & Submit a Ticket

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How Does CoinDCX Work?

CoinDCX trading is straightforward. This simple interface makes it unique among major exchanges like Binance. To start CoinDCX trading, one must sign up for the account by providing relevant details. Once the provided details are verified and one has successfully signed up, they can start trading cryptos on the site.

 

CoinDCX Platform Interface

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CoinDCX Features

It has several features that are especially beneficial for the interested trader. In this review, let’s look at some of the top features of this cryptocurrency website:-

  • Diverse Asset Portfolio: CoinDCX boasts a diverse asset portfolio, offering a wide range of cryptocurrencies.
  • User-Friendly Interface: With a user-friendly interface, CoinDCX ensures a seamless trading experience for all users.
  • Liquidity: CoinDCX provides high liquidity, facilitating smooth and efficient trading transactions.
  • Security Measures: The platform prioritizes security by implementing robust measures to safeguard user assets.
  • Advanced Trading Tools: Advanced trading tools on CoinDCX empower users with enhanced analytical capabilities.
  • Educational Resources: CoinDCX stands out with a wealth of educational resources, aiding users in their crypto journey.
  • Mobile App: The mobile app offered by CoinDCX ensures on-the-go accessibility for convenient trading.CoinDCX Features

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CoinDCX Regulation

Since its inception in 2018, it has been a regulated crypto trading exchange and abides by all the necessary rules to keep trading on this site safe and secure.

  • Securities and Exchange Board of India (SEBI)
  • Financial Intelligence Unit (FIU-IND)
  • FiNext Awards – Excellence in Finance-Companies
  • Indian Achievers Forum- Award for CEO of the Year
  • India FinTech Forum- Best Use of Blockchain in Finance Services
  • Tracxn-Top Blockchain startups
  • Great Place To Work
  • Cryptocurrencies
  • Bitcoin Futures and Options
  • Altcoin Trading Pairs
  • Stablecoins
  • Margin Trading
  • Staking

CoinDCX Fees

Users have to pay a trading fee whenever they order for an exchange. Low trading fees usually draw investors. The charge for takers is 0.04%, and the charge for makers is 0.06%.

Spot (INR) Futures (USDT) Maker & Taker Fee Maker & Taker Fee Maker Fee Taker Fee
Regular <5L <2M 0.50% 0.20% 0.025% 0.075%
VIP Level 1 5L – 75L 2M – 5M 0.20% 0.20% 0.025% 0.070%
VIP Level 2 75L – 5Cr 5M – 15M 0.15% 0.20% 0.022% 0.065%
VIP Level 3 5Cr – 10Cr 15M – 50M 0.12% 0.20% 0.018% 0.060%
VIP Level 4 10Cr – 25Cr 50M – 100M 0.10% 0.20% 0.014% 0.055%
VIP Level 5 25Cr – 100Cr 100M – 500M 0.08% 0.20% 0.012% 0.048%
VIP Level 6 100Cr – 500Cr 500M – 1000M 0.06% 0.20% 0.010% 0.040%
VIP Level 7 500Cr+ 1000M+ 0.04% 0.20% 0.008% 0.035%

CoinDCX Withdrawal Fees

Minimum Withdrawal Limit 100 INR
Withdrawal Fee 0 INR
Minimum Deposit Limit 500 INR
Deposit Fee 0 INR

CoinDCX makes it easy and affordable for you to manage your money on their platform.

Accepted Payment Methods

The accepted payment method is usually e-Transfer or Bank Draft, whichever is convenient for specific investors.

Supported Currencies and Countries

CoinDCX exchange review accepts Bitcoin, Ethereum, and 200 other varieties of altcoins. It only accepts INR as far as FIAT currencies are concerned. It is operational in India and Singapore.

CoinDCX Products

It offers its customers a bunch of cryptocurrency products all in one place. The site offers separate applications for exchanging and investing in cryptocurrencies, and these applications come with their own set of crypto-related products that help the one immensely.

CoinDCX Review: Pros and Cons

Pros Cons
right There are a huge number of coins to choose from. cancel The only INR here is FIAT currency and no other currencies are available on the site.
right Exchange charges for trading and the minimum amount required to trade on the site are low. cancel Customers would need verification to get higher FIAT values.
right The site offers a great deal of liquidity across different trading pairs.
right One can sell or buy with a single tap only with the help of the applications.
right Payment methods like IMPS and UPI are accepted on the site.
right The site offers a trading margin of almost six times the leverage on different assets.
right Futures trading happens to be almost twenty times the leverage amount.
right There are live and continuous customers available on the site who help others with their queries.
right The trading site is available for different platforms.

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Trading on the CoinDCX Exchange Platform

CoinDCX’s trading view offers a user-friendly interface for novice and experienced traders. Its intuitive layout and comprehensive charting tools make navigating various markets and executing trades seamless. The platform’s responsive design ensures optimal device performance, enabling users to stay updated with market movements anytime. CoinDCX’s extensive range of trading pairs and competitive fees enhance its appeal. Overall, CoinDCX’s trading view stands out for its accessibility and functionality, making it a preferred choice for crypto enthusiasts. This comprehensive CoinDCX platform review highlights its user-friendly interface and robust features as key strengths.

CoinDCX Exchange Platform

You can also watch the official YouTube video by Coindcx and understand How to use CoinDCX’s trading platform.

CoinDCX Registration Process

It has an easy registration process. The step-by-step registration is outlined in this CoinDCX Review below:-

Visiting the Website

As the first step of the registration process, one has to visit its official website. On the top right-hand side corner, one can see the ‘register’ button, which they have to click on to start signing up.

Filling in the Details

As the next step, users have to fill in some basic details like name, phone number, email ID, and other basic details. Once that is done, you must click the Sign-Up button.

Verify Phone Number and Email

To verify the phone number, users will receive an OTP on their phone, which they must enter on the site. To verify their email ID, users must click on the verification link sent to their mailbox through the website.

Verify Bank Account

The next step is verifying the bank account. To do that, users have to go to their profile and click on the button that says ‘Verify Bank Account.’ They will be redirected to a new page where they have to fill in the required banking details. Users will receive a small deposit and withdrawal from their account to verify the provided details. Finally, they need to provide the 12-digit UTR number they would receive after verifying the bank details.

CoinDCX Registration Process

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Buy and Sell Cryptocurrencies on CoinDCX

Traders can use both the website and the mobile app to sell and buy cryptocurrencies on the platform. They just need to create an account on these mediums to get started. It is very easy to use. If one has minimal knowledge of mobile phones, they can easily trade through this exchange.

How Is CoinDCX Different From Others?

It does not charge deposit or withdrawal fees if users only deal in INR. It can be a good option if users want to deposit and trade INR. It supports as many as 200 altcoins for trading.

CoinDCX Affiliate Program

CoinDCX’s affiliate program is a lucrative opportunity for individuals looking to earn rewards by promoting the platform. As an affiliate, you can capitalize on CoinDCX’s popularity in the cryptocurrency space. By referring new users through your unique affiliate link, you stand to receive generous commissions or other incentives based on the trading activity of your referrals.

The program typically provides a tiered commission structure, offering higher rewards as your referred users engage in more trades. CoinDCX’s affiliate program allows you to monetize your network and contributes to the platform’s user growth. With transparent tracking and reporting mechanisms, affiliates can easily monitor their performance and earnings. The symbiotic initiative benefits both affiliates and CoinDCX as the exchange expands its user base through collaborative efforts.

CoinDCX API

Investors can go to their profile and click on the Access API Dashboard to get the API key button. The terminologies extensively used on the website or related documentation have relevant simplified meanings in the API.

CoinDCX Go App

CoinDCX Go is the CoinDCX App, where one can trade with a single tap on their mobile screen. After installing the application, users must fill in the details to create an account. Then, they have to log in and start trading. It is only supported on Android and not iOS. This is a significant drawback.

CoinDCX Go App

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CoinDCX Security

CoinDCX assures users that this is one of the most secure trading platforms in the world. These crypto exchanges in India do not share the customer’s KYC with third parties. It has a two-step authentication procedure that adds to its security protocol.

CoinDCX Security

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Customer Support

According to the CoinDCX Review, the platform has a unique customer support unit that works 24/7. If users face any trouble, they can get expert help on INR management, onboarding, ticketing, etc. Customers can chat directly with their executives regarding any trade-related queries between 6 a.m. and 11 p.m.

CoinDCX Customer Support

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CoinDCX Review: Conclusion

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Based on what has been said in this CoinDCX Review, the customers can decide whether to invest their money, time, and effort. They can compare this platform with other similar ones in the market and then come to a decision.

Customers should ensure that they clearly understand how this platform works and whether it would sustain their requirements and only then proceed to invest here.

FAQs

Is CoinDCX A Legal And Trusted Platform For Cryptocurrency Trading?

Yes, CoinDCX is a legal and trusted platform for cryptocurrency trading.

Is CoinDCX Safe?

CoinDCX is considered safe and recognized for its security features and positive reviews on trading platform comparison sites.

How Do I Withdraw Money From CoinDCX?

CoinDCX withdrawal is pretty simple. Users have to go to the CoinDCX account and select Funds, then have to click on the CoinDCX Wallet and enter the amount they are willing to withdraw.

Is CoinDCX An Indian Company?

Yes, it is an India-based enterprise. The India office is in Mumbai. However, it has a Singapore franchise as well.

Can We Deposit INR In CoinDCX?

Yes, INR is the only FIAT currency that one can deposit on this exchange. But it has as many as two hundred options for deposit and trade for altcoins.

What Cryptocurrencies Are Supported On CoinDCX?

Bitcoin(BTC), Ethereum(ETH), Ripple(XRP), Dogecoin(DOGE), Litecoin(LTC) Tether(USDT), Shiba Inu(SHIB), & 1000+ cryptocurrencies are supported by CoinDCX.

Is There A Mobile App For CoinDCX?

Yes, the CoinDCX mobile app is accessible on iOS and Android.

How Long Does It Take For Withdrawals To Be Processed On CoinDCX?

Withdrawals on CoinCDX are processed through a 24×7 automatic payment gateway and a manual processing channel. Your money will be in your bank account within 6 hours.

Disclaimer: The views expressed on this CoinDCX Review page are subjective and may not represent the experiences of all users. Readers are advised to conduct independent research before relying on the information provided.

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