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Tuesday, March 19, 2024

Coindcx Cryptocurrency Exchange Review: Coindcx Is Legit & Secure Exchange

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About Coindcx Cryptocurrency Exchange

Launched on April 7th, 2018, CoinDCX is a cryptocurrency exchange with its offices located in India. Built with user experience and security in mind, They claims to provide near-instant fiat to crypto conversions with zero fees. On the, users can have single-point access to a diverse suite of crypto-based financial products and services that are backed by security processes and insurance. They claims to have the highest number of cryptos listed of exchanges in India.

CoinDCX Cryptocurrency Exchange claims its onboarding process to be one of the fastest in the industry as the completion of the KYC and Bank Account verification process can reportedly be done within 5 minutes. The fees are minimal for trading and crypto withdrawal. The exchange also provides near-instant deposit and withdrawal capabilities. This is backed by investors such as Polychain Capital, Coinbase Ventures, Bain Capital Ventures, and HDR Group, operator of BitMEX.

How To Sign Up & Start Trading

ExchangeDetails
Exchange NameCoinDCX
Exchange TypeCryptocurrency
Withdraw Fee1.0000 TRX
Support24/7
LangugaeEnglish
Taker Fee0.50%
Maker Fee0.050%
Website Homepage

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

How Does CoinDCX Work?

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

Fees INR

Your Clubs & Fees for CoinDCX exchange (INR trading pairs) will be updated on a weekly basis. This will be determined by your cumulative trade volume across ALL exchanges, including INR markets as well.

Club30d Trading Volume (INR)Maker Fee (Spot/Margin)Taker Fee (Spot/Margin)
Level 10 – 5L0.200%0.200%
Level 25L – 10L0.160%0.160%
Level 310L – 50L0.140%0.160%
Level 450L – 1Cr0.120%0.140%
Level 51Cr – 5Cr0.100%0.120%
Level 65Cr – 10Cr0.080%0.120%
Level 710Cr – 50Cr0.080%0.100%
Level 850Cr – 100Cr0.060%0.100%
Level 9100Cr – 200Cr0.040%0.080%
Level 10200Cr+0.040%0.060%

Binance

Club45d Trading Volume (BTC)Maker (Spot/Margin)Taker (Spot/Margin)
Level 10-50.100%0.100%
Level 25-100.095%0.100%
Level 310-500.090%0.100%
Level 450-1000.085%0.100%
Level 5100-5000.080%0.100%
Level 6500-10000.075%0.090%
Level 71000-50000.070%0.085%
Level 85000-100000.060%0.080%
Level 910000-250000.050%0.070%
Level 1025000-1000000.040%0.060%

Please Note:

  • Fees are charged on a per-trade basis.
  • Fees are calculated as a percentage of the trade’s quote currency volume (by default).
  • Certain pairs allow the fee to be calculated based on the trade’s base currency, which can be specified when ordering using the fee currency option.
  • Fees are adjusted according to the blockchain conditions regularly.

Future Trading Fee

ExchangeMaker FeeTaker Fee
OKEX0.020%0.050%
BitMEX0.000%0.075%
Please Note:
  • Fees are charged on a per-trade basis.
  • Fees are calculated as a percentage of the trade’s quote currency volume (by default).
  • Certain pairs allow the fee to be calculated based on the trade’s base currency, which can be specified when ordering using the fee currency option.
  • Fees are adjusted according to the blockchain conditions regularly.

Withdraw Fee

TokenMinimum withdrawal LimitWithdrawal fee
Tron (TRX)150.0000 TRX1.0000 TRX
Bitcoin (BTC)0.0010 BTC0.0005 BTC
Indian Rupee (INR)100.0000 INR0 INR

CoinDCX is making crypto accessible

CoinDCX, India’s most valuable crypto investment app, is dedicated to make crypto accessible in a simple way. Established in 2018, CoinDCX has solved numerous problems faced by the Indian crypto community with solutions around crypto investing, crypto trading & crypto literacy.

Features

Simple & Quick

Download the CoinDCX app, complete KYC and deposit INR to start investing.

Valuing Risk Appetite

They value your risk appetite and enable you to invest with amount as low as Rs. 100

Safe & secure

Covered by leading risk monitoring & asset insurance providers.

Insured By BitGo

Funds are insured to give you complete safety

Simple

They take pride in ability to create user experiences that are simple no matter the complexity of the underlying technology.

Compliant

The pillar of compliance has enabled us to be one of the pioneers in India to implement crypto AML monitoring.

Is CoinDCX Safe?

Interested people have recently been attempting to determine whether or not CoinDCX trading is safe. This is because they are unwilling to invest in cryptocurrency exchanges that are deemed unsafe. CoinDCX apps have been recognized as safe for using programs by many trading platform comparison sites. This implies that any transaction taking place or money invested on this site will not be a fraud or readily hacked. This makes for a unique selling point among other exchanges like Binance.

CEO Sumit Gupta is a co-founder of the Indian crypto dealing and trading company. CoinDCX Pro and CoinDCX Go are two of the organization’s applications. With 500k downloads, CoinDCX Go is an application for investing in cryptocurrency, while CoinDCX Pro (which has almost 100k downloads) works as an application to exchange various cryptos.

Most exchanges today ask for KYC verification. It is mandatory to complete their KYC to use the applications and that only emphasizes its safety quotient.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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