CoinDCX Review 2022 — Start Investing in Cryptocurrency
India’s Most Valuable Crypto Ecosystem Driver
What is CoinDCX?
CoinDCX, India’s largest and safest cryptocurrency exchange, has introduced CoinDCX, an app that streamlines the purchasing, selling, and keeping of cryptocurrencies with a Zero Fee policy. CoinDCX was created with the goal of providing you with the quickest and most convenient way to begin investing legally in cryptocurrencies such as Bitcoin, Ethereum, and a variety of other altcoins.
The entire world is gradually embracing the new virtual currency market, which is expanding at an incredible rate. As the Bitcoin sector continues to gain traction, a slew of new trading and exchange apps have appeared. Investors continue to seek out safe investment apps in the face of so many possibilities. This is why many individuals are asking themselves, “Is CoinDCX safe in India?” If you’ve been wondering about it, don’t worry; this article will tell you everything you need to know.
Is CoinDCX safe in India?
Users have recently been attempting to determine whether or not CoinDCX is safe. CoinDCX apps have been confirmed as safe to use programmes by numerous online broker comparison sites. This implies that any money or investment made on this platform will not be a scam or readily hacked. CEO Sumit Gupta co-founded the crypto trading and exchange company based in India. CoinDCX Go and CoinDCX Pro are two of the organization’s applications. With 500k downloads, CoinDCX Go is a cryptocurrency investment app, while CoinDCX Pro is a cryptocurrency exchange app with 100k downloads. Users must also complete the KYC registration process while using the application.
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Charges associated with CoinDCX
One of the most crucial concerns for new crypto investors when picking a crypto exchange is the fees levied by crypto exchanges for transactions. CoinDCX features cheaper fees in this regard. A 0.1 percent takers fee and 0.1 percent makers fee are charged by the trading platform. Furthermore, the CoinDCX app includes numerous features not found in most Indian apps, such as DCXmargin, DCXfutures, and DCXstake. Furthermore, CoinDCX’s key selling point is that it has more than 200 cryptos listed on the exchange, according to its app.
What do I like best in CoinDCX?
In comparison to other crypto trading platforms, transaction fees are lower. IMPS, UPI, wallet transfer, and more deposit methods are available. The available margin for 200+ assets is appealing. The user interface is quite well-designed. Customer service is satisfactory.
What does it bother me?
Keeping track of orders is a little difficult. There is no desktop software available, thus you must log in through your browser. There is a tiny price latency as compared to other platforms, making it unsuitable for high-frequency trading. Apart than that, the software is wonderful.
What difficulties does the product help me solve?
It enables us to begin trading on the crypto platform using Indian Rupees rather than USD; there is no need to convert it to USD first. Technical analysis can be refined with the use of good charting tools.
- Trading fees are lower than on other cryptocurrency trading platforms.
- Margin trading has a modest interest rate of 0.0028 percent per hour.
- Margin trading offers a lot of leverage.
- The simple crypto dashboard allows you to keep track of your cryptocurrency portfolio.
- Designed for seasoned cryptocurrency traders
- Using a single secure crypto wallet, you can gain access to industry-leading crypto trading products.
- Trading cryptocurrency to INR has never been easier, with the highest liquidity and the lowest trading fees.
- BitGo Fast guarantees impenetrable security on user accounts and complete fund safety.
- Deposit and withdrawal are almost instantaneous.
SIGNING UP ON COINDCX
Follow the steps below if you are a new user looking to join CoinDCX.
Step 2 : Enter your name, email address, password, and mobile phone number.
Step 3 : You will be prompted to enter the OTP you received via email and SMS on the mobile number you provided during signup. You will be logged in and taken to your account as soon as the OTPs are verified.
Step 4 : When you sign in to CoinDCX, you will be taken to your account, where you must click on the blue tab to complete your KYC. After completing your KYC, you will be able to increase your deposit and withdrawal limits above INR 10,000.
How to ADD Funds to CoinDCX?
How to Add INR Funds to CoinDCX via Bank Transfer (NEFT/RTGS)?
CoinDCX is the safest crypto investment app for beginners to get started with their crypto investment journey. On the…
Personally, I believe CoinDCX is a safe place to invest, as is any fund that invests in cryptocurrencies via the CoinDCX platform. This platform assures users that it backs every investment and that there will be no problems. CoinDCX is the most secure cryptocurrency trading platform, with adequate security features for both user account details and transactions.