CoinDCX Review & Rating 2022
CoinDCX is a cryptocurrency exchange based in India. It was founded by the team behind Coinsecure, one of the country's earliest cryptocurrency exchanges.
It offers trading pairs for Bitcoin, Ethereum, and Litecoin, with plans to add more coins in the future. The company has been working to improve its user experience and security measures since it launched in March 2019. It provides a secure, robust and reliable trading platform to trade cryptocurrencies. It offers access to more than 50 cryptocurrencies including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ripple (XRP) and many more.
Read the complete review of CoinDCX cryptocurrency exchange before opening an account with them!
How to Open CoinDCX Crypto Exchange Account
To start trading on CoinDCX, you must first open an account with them. Here's what you need to do:
- Sign up
- Verify your account
- Fund your account
- Start trading
Products and Features
CoinDCX offers a wide range of cryptocurrencies to trade. The exchange has about two dozen trading pairs, with the highest volume ones being BTC/INR, ETH/BTC and LTC/ETH.
The company also facilitates cross-border cryptocurrency transactions from India to other countries by offering its users an extensive list of payment options including NEFT and IMPS for Indian rupee transactions.
CoinDCX provides mobile apps for Android and iOS devices as well as an easy-to-use web interface which lets you create new accounts in just a few clicks without having to download anything on your computer or mobile device first. If you prefer desktop applications, there are versions available for Windows 10 and MacOS operating systems as well as Chrome extensions that work with Google Chrome browsers (Chrome OS).
User Interface (UI)
The user interface is one of the most important aspects of any trading platform, including CoinDCX.
It’s where you’ll spend the majority of your time as a trader and it needs to be intuitive so that new users can easily learn how to use it.
A comprehensive guide will help you get set up and ready to trade in no time at all, while other features like an integrated customer service team and 24/7 support should make sure you never have any issues with accessing the platform or getting answers from customer support.
CoinDCX is a reliable exchange that is committed to providing its users with a secure platform and high-quality customer service. The exchange is a member of the CryptoUK trade association, which includes some of the largest crypto businesses in Europe. CoinDCX also maintains memberships with other industry associations such as the Digital Asset Trade Association (DATA), Blockchain Association of Japan and others. As a result, you can be confident that your funds are safe when using this exchange.
Is CoinDCX Reliable or a Scam?
CoinDCX is a reliable exchange. It's regulated by the RBI, so you know your money is safe. The exchange has a good reputation and has been around since 2018. They have an experienced customer support team, which can be accessed through phone or email as well as 24/7 chat support on their website.
The user interface of CoinDCX is simple, intuitive and easy to use for both beginners and experienced traders alike. You'll find all of your trading options at the top of the page in one place: spot market price for Bitcoin (BTC) in INR; bid/ask prices for Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH)and Cardano ADA; real-time streaming graphs for each coin; depth charts with buy orders; order book data; trade history with volume summaries; open orders by currency pairings (including fiat currencies); open positions by currency pairings including fiat currencies).
CoinDCX is a secure exchange. The platform is regulated by the Reserve Bank of India, which ensures that all users have confidence in their funds and account balances.
CoinDCX has multiple wallets for storing cryptocurrency, including hot and cold wallets. Hot wallets are connected to the internet and therefore more susceptible to hacks than their cold counterparts, but they’re also less likely to be completely offline if you’re traveling or working remotely. A multisig wallet requires two signatures from three total signatories before it sends any funds out of your account; this prevents fraud from occurring on either side of the transaction, since it’s unlikely your partner would both agree and not tell you about being hacked at once (or vice versa).
If you’re looking for a low-cost crypto trading platform, this is the place. The fees are competitive and based on the amount of your trade. Fees are charged at the time of transaction and in the currency being traded.
CoinDCX has a good liquidity, which means that you can trade your coins without worrying about slippage or the spread being too wide. This is especially important when trading pairs with higher spreads, like BTC/USD and ETH/USD.
When it comes to volume, CoinDCX has plenty of it: over $1 billion in total trading volume over the last 24 hours alone! This should give you peace of mind as you enter into a trade because you’ll know that there are enough buyers and sellers on both sides of your order for it to be filled quickly and efficiently.
The market depth at CoinDCX is another plus, it’s one thing to have an active order book but another entirely when there are enough orders below yours so that your stop loss price will be triggered before news hits the market and causes massive swings in price (or worse yet if prices gap down). The more liquid your exchange is, the wider its bid-ask spread will be, which can make trading less risky but also increases transaction fees as well as increases margin requirements for leveraged positions.
Deposits and Withdrawals
CoinDCX supports a wide range of fiat and cryptocurrency deposit and withdrawal options. You can use only bank transfer to fund your CoinDCX account. Deposits take about 30 minutes to complete on average.
CoinDCX offers 24/7 customer support, available via phone, email and live chat. In addition to this, the exchange also features a comprehensive FAQ section and knowledge base to help users resolve most common issues without needing to contact support directly.
CoinDCX is a great option for cryptocurrency traders who want to invest in the world of digital currencies. They offer competitive rates, low fees, and a wide variety of trading pairs.
If you’re interested in investing in cryptocurrencies but don’t know where to start, CoinDCX is a good choice because they offer high quality customer service, easy-to-use interface and intuitive trading platform. They also provide top-notch security measures like 2FA authentication as well as a professional team of experts who will assist you with all your questions about cryptocurrency trading.
In conclusion, CoinDCX has a lot of potential and is a good choice for those looking to get into the crypto game. While their fees are higher than average, their customer service is excellent and the wallet is very easy to use. If you're new to crypto and want a simple way to manage your funds, this is a great option.