Fri. May 20th, 2022


CoinDCX Review In Hindi – Whether you are a beginner or a beginner in trading cryptocurrencies, you must have seen and heard about CoinDCX. Especially if you are here and reading this article, it means you are thinking of using this platform, right? So, without wasting much time, let us see what is CoinDCX and how you can create a CoinDCX account.

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CoinDCX Review In English

CoinDCX is a cryptocurrency exchange platform with over 200 different types of cryptocurrencies. It is a Singapore based company and is active since 2018. In India, the CoinDCX office is located in Mumbai. The unique selling point of CoinDCX is the fact that they offer many cryptos such as Bitcoin, Ethereum and many other altcoins. This means that various altcoin traders can use this platform and they will not have to wander anywhere else. However, it also comes at a cost. Multiple crypto means there could be more scam coins as a newly launched altcoin will not have the same scrutiny.

CoinDCX Review In English

Current top investors for CoinDCX funding include Polychain, Bain Capital Ventures, and 100x Ventures. In addition to these three main ones, CoinDCX has ten investors who have raised $5.5M in three rounds.

CoinDCX Review: Summary

  • CoinDCX is the most secure platform for cryptocurrency trading, with proper security features for both user account details and transactions.
  • It supports over 200 varieties of crypto.
  • Features like instant buy and sell, user-friendly experience, unlimited trading make CoinDCX a preferred platform for thousands of users.
  • CoinDCX also has low trading and withdrawal fees, which attracts users.
  • It has 24 hours customer support.

CoinDCX Account Kaise Banaye?

Step 1: Visit the website

To create an account you need to visit the CoinDCX webpage and click on Register to start the signup process. You will find the Register button in the top right corner.

Step 2: Fill the details to sign up

You have to fill your details like name, email address, phone number and others. After filling these click on the signup option.

Step 3: Email and phone number verification

For email verification, check your email inbox for the verification link you will receive from CoinDCX. To verify the phone number, you will receive an OTP.

Step 4: Verification of bank account

To verify your bank account, you need to follow the steps given below:

  • Go to your profile section by clicking on the profile icon in the upper right corner.
  • You have to click on Verify Bank Account, and it will be redirected to a new screen.
  • On the new screen, fill all the bank details and others.
  • To verify the bank details, you need to deposit and withdraw a small amount from your account for the verification process.
  • You have to enter the 12 digit UTR number which you will get after Bank Account Details Verification.

Step 5: KYC Verification (Optional)

The CoinDCX login process is simple. So, log in to your account to start the KYC verification process. The process is hassle free if you have all the documents that are KYC mandatory.

To complete the process, you need to upload photos of two documents:

  1. Pan Card: This is a mandatory document which you have to upload.
  2. identity card: You can use any one document out of Aadhar Card, Voter ID Card and Passport. Upload both front and back.

Please note that the use of the license as an identity card is no longer applicable. For international users, they can upload a similar local government ID for verification.

CoinDCX Withdrawal

CoinDCX’s minimum withdrawal limit in INR varies based on whether the user has performed KYC verification or not. Same is the case with the maximum INR withdrawal limit.

Accounts with KYC Verification

Minimum value Rs. 500, and the maximum value is 5,00,000 per day. You can also withdraw the amount manually if it exceeds the automatic limit.

Accounts without KYC Verification

Minimum value Rs. 500, similar to users with full KYC. However, unlike them, the maximum value is only 10,000 as the maximum. The trade value is up to INR 10,000. Also, if the transaction is beyond the automatic limit, you can make a manual withdrawal.

CoinDCX Crypto Withdrawal Limit

There is no withdrawal limit for users with full KYC verification. Also, accounts without KYC verification can only withdraw up to 4 BTC per day.

CoinDCX Fee: Trading and Withdrawal Fees

Trading and withdrawal fees are important factors of a platform, which also play a role in gaining new users or losing previous ones.

CoinDCX Trading fees

Whenever you place an order, the exchange charges you a specific amount called Trading Free. This is usually the relevant percentage of the amount of your order. CoinDCX charges 0.04% and 0.06% respectively on the takers and makers.

Here buyers are those who take pre-existing orders from the order book, and producers are those who add trades to the order book. The fees are relatively low and below the industry average, which gives users another fact to prefer CoinDCX over other platforms. The current industry average is around 0.10% – 0.15%.

CoinDCX Withdrawal fees

The low trading fees are overcome by the high withdrawal fees by CoinDCX. It charges approximately 0.001 BTC per BTC withdrawal. This withdrawal amount is high compared to the industry average fee. According to the current industry average, the withdrawal amount is approximately 0.0006 BTC per BTC withdrawal. If we talk in percentage, the CoinDCX withdrawal experience is 60% higher than the industry average.

CoinDCX Deposit

At CoinDCX, users can deposit INR instantly, while it takes about half an hour for cryptocurrencies. Withdrawals of INR can take up to 6 hours to be credited to your bank account, and withdrawals of cryptocurrencies take a few minutes to reach your wallet.

CoinDCX Review: Security

CoinDCX is the most secure crypto trading platform in India and around the world. This platform gives top priority to user’s personal information and does not share KYC details with any third party. It includes industry-leading security protocols that are regularly maintained and tested to check for any breaches.

It has two-factor authentication, which adds an extra level of security to the user’s account. Not only that, all cryptocurrency withdrawals have to go through a number of verification processes before being processed to avoid any fraudulent withdrawals.

CoinDCX Lending

As the name suggests, crypto lending is an alternative form of investment. Lending in the context of cryptocurrencies means that investors lend cryptocurrencies to borrowers with an interest rate. CoinDCX lending services are safe and comfortable. With just one click, you can lend for a maximum period of 7 days. Also, the maximum annual interest rate is 16.25%.

CoinDCX Staking

Staking is an activity where a user locks cryptocurrencies in order to receive rewards. You can compare it to mining. The CoinDCX platform provides staking services to users for passive earning. To start staking, all you need to do is register, have a minimum balance of supported cryptocurrencies and be eligible to earn rewards.

CoinDCX Review: Customer Support

According to CoinDCX, providing the best services to users is the key to a business growing and thriving. Hence, they have exceptional customer services along with 24 hours support. Due to this 24-hour support, users of different countries do not have to worry about the time zone.

There is 24-hour support in services like onboarding, INR management and ticketing. Also, the current duration of Telegram and Chatting is from 06:00 AM to 11:00 PM.

Due to these features, users can solve any query the next day without waiting for hours. The CoinDCX customer care number is not available on their site, but for customer support, you can mail them at support@coindcx.com.

CoinDCX Review: Pros and Cons

After looking at all the factors and important facts, let’s summarize them to get a more clear picture of CoinDCX.

Pros

  • Availability of a wide range of coins for trading.
  • It has ample liquidity in a large number of trading pairs.
  • Trading fees are low, and the minimum amount for trading is also low.
  • You can buy and sell instantly with just one tap.
  • Its margin trading is around six times the leverage on multiple assets.
  • It accepts payment methods like UPI and IMPS.
  • There are also frequent and live customers to answer questions quickly.
  • Futures trading is about 20 times the leverage.
  • It is available for many platforms.

Cons

  • INR is FIAT currency only, and there is no other option available.
  • You will need verification for higher FIAT values.

FAQ’s

Is CoinDCX safe?

Yes, every fund invested in cryptocurrencies through the CoinDCX platform is safe. The platform assures the users that it supports every investment and makes sure that they will not face any problem.

How can I withdraw money from CoinDCX?

First login to your CoinDCX account. Select the Funds section from the DCXtrade page and click on INR Wallet. Enter the amount you want to withdraw, and go through the verification process to withdraw the amount.

Is KYC Required in CoinDCX?

Completion of CoinDCX KYC is not mandatory. Nevertheless, your account will be limited to a total of INR 10,000 deposits and withdrawals or 4 BTC cryptocurrencies per day for deposits and withdrawals.

Is there a CoinDCX app?

You can download the CoinDCX app from the Play Store for Android devices.

Is PAN card mandatory to open an account on CoinDCX?

PAN card is not required to open an account on CoinDCX. However, you will need it for KYC verification.

last word

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By Rohit

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