CoinDCX – Crypto & Bitcoin Trading App – Details & Reviews 2022

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Product is rated as #1 in category Crypto Apps
9.3
Platform9.6
Charges9.9
Transparency9.6
Features9.8
Customer9.7
Support9.7

The fact that CoinDCX offers multiple cryptos such as Bitcoin, Ethereum, and many more altcoins is their unique selling point. It implies that various cryptocurrency traders will be able to utilise this platform and will not have to go elsewhere. This, however, comes at a cost. Because a freshly formed altcoin will not be subjected to the same examination, there may be more scam coins.

CoinDCX – Crypto & Bitcoin Trading App – Details & Reviews 2022
CoinDCX – Crypto & Bitcoin Trading App – Details & Reviews 2022

Description

Whether you’ve been trading cryptocurrencies for a while or are just getting started, you’ve probably heard about CoinDCX. If you’re reading this post, it’s safe to assume you’re considering utilising this platform. So, without further ado, let’s get started with the CoinDCX review.

Overview

CoinDCX is a cryptocurrency trading platform that supports over 200 different cryptocurrencies. It is situated in Singapore and has been in operation since 2018. The CoinDCX office in India is in Mumbai.

The fact that CoinDCX offers multiple cryptos such as Bitcoin, Ethereum, and many more altcoins is their unique selling point. It implies that various cryptocurrency traders will be able to utilise this platform and will not have to go elsewhere. This, however, comes at a cost. Because a freshly formed altcoin will not be subjected to the same examination, there may be more scam coins.

CoinDCX Limit Orders Are Live For BT & ETH

Polychain, Bain Capital Ventures, and 100x Ventures are among the current top investors in CoinDCX. Aside from these three major investors, CoinDCX has 10 others who have contributed $ 5.5 million in three rounds.

CoinDCX Review: Summary

  • CoinDCX is the most secure cryptocurrency trading platform, with enough security safeguards for both user account data and transactions.
  • It supports around 200 different types of cryptos.
  • CoinDCX is a favoured platform for thousands of users due to features like as fast purchase and sell, a user-friendly experience, and unlimited trading.
  • CoinDCX also boasts minimal trading and withdrawal costs, which makes it appealing to users.
  • It offers customer service 24 hours a day, seven days a week.

How to Create an Account on CoinDCX?

Step 1: Visit the Website

To create an account, go to the CoinDCX website and click the register button to begin the registration procedure. The register button is located in the top-right corner, as seen in the image.

Step 2: Fill in the details to sign up

You will be required to provide information such as your name, email address, phone number, and so on. After filling them out, choose the registration option.

Step 3: Email and Phone Number Verification

Check your email inbox for the verification link you will receive from CoinDCX for email verification. You will be sent an OTP to validate your phone number.

Step 4: Verification of Bank Account

You must complete the following steps to authenticate your bank account:

  • Click on the profile icon in the top right corner to access your profile section.
  • You must click the Verify Bank Account button, which will take you to a new page.
  • Fill out all of the bank information and other fields on the new screen.
  • For the verification procedure, you will receive a deposit and withdrawal of a modest amount from your account to validate the bank information.
  • You must provide a 12-digit UTR number that you will obtain after verifying your bank account information.

Step 5: KYC Verification (Optional)

The CoinDCX login procedure is straightforward. So, sign in to your account and begin the KYC verification procedure. If you have all of the required KYC papers, the procedure is simple.

To finish the procedure, you must submit photos of two documents:

  • Pan Card: This is a required document that you must upload.
  • Identity Card: You may utilise any one of the following documents: Aadhar Card, Voter Id Card, or Passport. Both the front and rear should be uploaded.

Please keep in mind that using a licence as an Identity Card is no longer an option. International users may verify their identities by uploading an equivalent local government ID.

CoinDCX Free Bitcoin Promocode

CoinDCX Free Bitcoin Promocode

CoinDCX Withdrawal

The CoinDCX minimum withdrawal limit in INR varies depending on whether or not the user has completed the KYC verification process. The same is true for the maximum INR withdrawal limit.

CoinDCX Taxes On Crypto Investing & Trading

Accounts with KYC Verification

The lowest daily value is Rs. 500, and the highest daily value is Rs. 5,00,000 If the amount exceeds the automatic limitations, you may withdraw it manually.

Accounts without KYC Verification

The minimum value is Rs. 500, similar to the users with complete KYC. However, unlike them, the maximum value is only 10,000, as the Max. trade value is up to INR 10,000. Also, you can withdraw manually if the transaction is beyond automated limits.

CoinDCX Crypto Withdrawal Limit

There is no withdrawal restriction for those who have completed KYC verification. Simultaneously, accounts that have not been KYC-verified may only withdraw up to 4 BTC every day.

CoinDCX Fee: Trading and Withdrawal Fees

The trading and withdrawal fees of a platform are critical factors in attracting new users or losing existing ones.

CoinDCX Trading fees

When you place an order, the exchange charges you a fee, which is known as trading free. It is usually a percentage of the total cost of your purchase. CoinDCX charges takers and manufacturers 0.04 percent and 0.06 percent, respectively.

Takers are those who accept an existing order from the order book, while producers are those who add a trade to the order books. The charge is quite modest and below the industry norm, providing customers with even another reason to pick CoinDCX over competing platforms. The current industry average is between 0.10 and 0.15 percent.

Coin DCX Fee Structure For Indian Markets

CoinDCX announced brand new “Dynamic Fee Structure (INR)“, a transparent transaction fee program built for INR trading pairs purely on the basis of the feedback we received from our most active customers like you.

The “Dynamic Fee Structure (INR)” has been built to give you the best possible transaction rates for INR markets by keeping your trading fees relevant to your trading volumes.

Below is a quick summary along with an example of how the Dynamic Fee Structure (INR) works. 

  • A tiered transaction fee structure categorized based on your total trading volume. So, higher the volume of your trade, lower the fee you’ll be charged.
  • Your transaction fees for the upcoming week will be determined as per your total trading volume over the last 30 days (refer tiered fee structure table below).
  • Your trading fees can hence change every week, with the lowest possible fee being 0.02%*. Now that’s shockingly low!
  • This fee structure will be determined by your cumulative trade volume across all exchanges (including Binance, CoinDCX, Houbi, etc.) including INR markets as well.

Dynamic Fee Structure (INR) Table: 

Coin DCX Fee Structure For Indian Markets - Dynamic Fee Structure (INR) Table

For example, if your total trading volume from 2nd to 31st January, 2022, is INR 70,00,000, then the maker and taker fees applicable for you for the next week, i.e., 1st to 7th February, 2022, will be 0.12% and 0.14%, respectively, i.e., Level 4 of the Dynamic Fee Structure.

CoinDCX Withdrawal fees

The decreased trading charge is offset by CoinDCX’s exorbitant withdrawal fees. It costs around 0.001 BTC for each BTC withdrawal. When compared to the industry average charges, this withdrawal amount is significant. The withdrawal amount is now approximately 0.0006 BTC every BTC withdrawal, according to the industry average. In terms of percentages, the CoinDCX withdrawal experience is 60% higher than the industry average.

CoinDCX Deposit

Users can deposit INR instantly on CoinDCX, whereas cryptocurrencies take about half an hour. Withdrawals of INR may take up to 6 hours to reach your bank account, however withdrawals of cryptocurrencies take just a few minutes.

CoinDCX Review: Security

CoinDCX is the most secure cryptocurrency trading platform in India and across the world. This platform prioritises the user’s private information and does not share KYC information with any third party. It has industry-leading security mechanisms that are routinely updated and tested to detect any infractions.

It supports two-factor authentication, which provides an additional layer of protection to a user’s account. Furthermore, all bitcoin withdrawals are subjected to numerous verification procedures before being executed in order to prevent fraudulent withdrawals.

CoinDCX Lending

Crypto lending, as the name implies, is a new kind of investment. Lending cryptocurrency implies that investors lend cryptocurrencies to borrowers at a fixed interest rate. CoinDCX loan services are safe and convenient. You may lend for a maximum of 7 days with only one click. The maximum yearly interest rate is also 16.25 percent.

CoinDCX Staking

Staking is a kind of activity in which a user locks currency in order to collect incentives. It’s comparable to mining. Users may generate passive income by staking on the CoinDCX network. To begin staking, just register, hold a minimum amount of one of the supported cryptocurrencies, and you will be eligible to receive rewards.

CoinDCX Review: Customer Support

According to CoinDCX, providing the greatest services to people is the cornerstone to a business’s success. As a result, they provide great customer care and assistance 24 hours a day, seven days a week. Users from different countries do not have to worry about time zones because of this 24-hour support.

Onboarding, INR management, and ticketing are all supported 24 hours a day, seven days a week. Furthermore, the current telegram and talking time is from 06:00 AM to 11:00 PM.

Because of these features, consumers may get answers to their questions without having to wait hours for the following day. The CoinDCX customer service phone number is not listed on their website, however you may email them at support@coindcx.com for assistance.

CoinDCX Review: Conclusion

With the information provided above, you will be able to determine if CoinDCX is worth your time and money. You may also simply compare these characteristics with those of other cryptocurrency trading platforms to see which one would benefit you the best.

COINDCX Videos

CoinDCX App Tutorial for Beginners – Buy, Sell, & Trade Cryptocurrency on CoinDCX

How to place limit order on CoinDCX? | Step-by-step guide (2022)

9.3Expert Score
CoinDCX – Crypto & Bitcoin Trading App – Details & Reviews 2022
CoinDCX - Crypto & Bitcoin Trading App - Details & Reviews
The fact that CoinDCX offers multiple cryptos such as Bitcoin, Ethereum, and many more altcoins is their unique selling point. It implies that various cryptocurrency traders will be able to utilise this platform and will not have to go elsewhere. This, however, comes at a cost. Because a freshly formed altcoin will not be subjected to the same examination, there may be more scam coins.
Platform
9.6
Charges
9.9
Transparency
9.6
Features
9.8
Customer
9.7
Support
9.7
PROS
  • A diverse selection of coins are available for exchange.
  • It has sufficient liquidity across a wide range of trade pairings.
  • Trading fees are modest, and the minimum amount for a trade is likewise low.
  • With a single tap, you can buy and sell instantly.
  • It has a margin trading leverage of around six times on a variety of assets.
  • It supports UPI and IMPS as payment options.
  • Continuous and live customers are also available to address questions immediately.
  • The leverage in futures trading is approximately 20 times.
  • It is available on a variety of platforms.
CONS
  • There are no other alternatives than INR as a FIAT currency.
  • Higher FIAT values will need verification.

Additional information

Specification: CoinDCX – Crypto & Bitcoin Trading App – Details & Reviews 2022

Deposit Channels

IMPS, UPI, NEFT & RTGS

Deposit Fees

0

Minimum Deposit

100 Rs

Features

– The easy-to-use crypto dashboard keeps track of your portolio
– For seasoned crypto-traders
– Using a single safe crypto wallet, access major crypto trading products
– Smooth bitcoin to INR trade with great liquidity and cheap costs
– BitGo guarantees unbreakable account security and total money protection.
– Signup and KYC in seconds.
– No crypto deposit or withdrawal costs
– Quick deposit and withdrawal

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