CoinDCX Review 2022

With so many individuals going into cryptocurrency trading, it's extremely possible that you've heard of CoinDCX. It is a relatively new cryptocurrency exchange situated in Singapore that first opened its doors in 2018. The India office of this cryptocurrency exchange, on the other hand, is headquartered in Mumbai. In this review, we'll look at the crypto trading platform's advantages and disadvantages, as well as its features and other pertinent information.

This CoinDCX review will help you better understand the trading platform and, as a result, decide whether or not to invest in it depending on your needs and preferences.

Blogging with Shruti Parashar

What Is CoinDCX?
It's a new cryptocurrency trading platform with over 200 cryptocurrencies to choose from. Its distinguishing feature is that it accepts a diverse range of cryptocurrencies, including Ethereum, Bitcoin, and a variety of other altcoins. It implies that a variety of cryptocurrency traders will be able to access the site without having to go elsewhere.

However, there is a significant drawback to this. Because a newly issued cryptocurrency is not subjected to the same scrutiny, there may be more scam coins. Among the company's current top backers are Bain Capital Ventures, Polychain, and 100x Ventures. It has ten investors, in addition to these three main investors, who have committed a total of $ 5.5 million in three stages.

How Does CoinDCX Work?
Trading on CoinDCX is clear and easy to understand. It stands out among major exchanges, like as Binance, because of its user-friendly UI. To begin trading on CoinDCX, you must first create an account by filling out some basic information. Once the submitted information has been validated and the user has successfully registered, they will be allowed to begin trading cryptocurrency on the platform.
Is CoinDCX Safe?
Interested parties have recently been trying to figure out if CoinDCX trading is safe. This is due to their aversion to investing in bitcoin exchanges that are perceived to be risky. Many trading platform comparison sites have deemed CoinDCX apps to be safe to use. Our means that no transaction or money invested on this site will be fraudulent or easily compromised. This distinguishes it from other exchanges such as Binance.
Sumit Gupta, the company's CEO, is a co-founder of the Indian crypto trading and dealing firm.Two of the company's applications are CoinDCX Pro and CoinDCX Go. 
KYC verification is now required by the majority of exchanges. To utilise the applications, they must first complete their KYC, which only adds to the app's security.

CoinDCX Features
It offers a variety of features that are particularly advantageous to traders. Let's take a look at some of this cryptocurrency website's best features in this review:-
  1. It is one of the safest sites for trading cryptocurrencies because the site prioritises user protection.
  2. The site features a very efficient team of customer service representatives who are available 24 hours a day, 7 days a week to guarantee that clients have a positive experience.
  3. On the site, there are over 200 different types of cryptocurrencies to pick from.
  4. In comparison to other sites, the exchange charges very cheap costs for CoinDCX withdrawal and trading, which is a great feature to attract customers. Investors are often attracted to low trading fees. 
  5. There are two mobile programmes that allow you to trade whenever you want without having to constantly visit the website. All of these characteristics have made it a well-known name among cryptocurrency exchanges.
CoinDCX Products
It provides customers with a variety of bitcoin products in one convenient location. The website provides different applications for exchanging and investing in cryptocurrencies, each with its own range of crypto-related products to assist the user.
CoinDCX Regulation
It has been a regulated crypto trading exchange from its establishment in 2018 and follows all of the relevant standards to keep trading on this site safe and secure.
Buy and Sell Cryptocurrencies on CoinDCX
Traders can sell and purchase cryptocurrencies on the platform using the website or the mobile app. To get started, they only need to register an account on these platforms. It's incredibly simple to use. This exchange is simple to use if one has a basic understanding of how mobile phones work.
CoinDCX Fees
When users place an order for an exchange, they must pay a cost known as the trading fee. Low trading fees are usually what attracts investors. Takers are charged 0.04 percent, whereas creators are charged 0.06 percent. CoinDCX cryptocurrency withdrawal fees are 0.001 BTC per BTC. 
Accepted Payment Methods
e-Transfer or Bank Draft are commonly accepted payment methods, depending on which is more convenient for individual investors.
Supported Currencies and Countries
According to CoinDCX reviews, it takes Bitcoins, Ethereum, and 200 other types of altcoins. When it comes to FIAT currencies, it solely accepts INR. It's up and running in India and Singapore.
How Is CoinDCX Different From Others?
Users who exclusively deal in INR do not have to pay any deposit or withdrawal fees. If users wish to deposit and exchange INR, it might be a viable choice. It allows for the exchange of up to 200 altcoins.
CoinDCX API
To obtain the API key, investors can go to their profile and click the Access API Dashboard option. The API has simplified definitions for terms that are often used on the website or in related documentation.
CoinDCX Go App
CoinDCX Go is the CoinDCX App, which allows users to trade with just a single tap on their smartphone screen. Users must fill in the details to establish an account after installing the programme. After that, they must log in and begin trading. It is only compatible with Android and not with iOS. This is a major flaw.
FAQ
Is CoinDCX good for cryptocurrency?
By heading to the 'My Investment' option within the CoinDCX cryptocurrency investment software for beginners, new investors can use the programme as an effective crypto portfolio tracker. Retail investors can invest in the best-selected cryptocurrencies using the CoinDCX app for beginners.
Can we trust CoinDCX?
AVOID COINDCX AT ALL COSTS. They just use expensive advertisements to market themselves, yet they are a fake exchange.
Is CoinDCX go good?
CoinDCX is regarded as one of India's most secure cryptocurrency exchanges. Because the crypto market is volatile, it's critical to keep your assets safe. Weak security can lead to a variety of thefts.
Which is best to invest in CoinDCX?
  • Bitcoin.
  • Ethereum.
  • Bitcoin Cash.
  • Binance Coin.
  • Kusama.
Can I withdraw money from CoinDCX?
On CoinDCX, withdrawals are made through automatic payment gateways and a manual processing channel. Our automatic payment gateway is available 24 hours a day, seven days a week. You'll be transferred to a third-party terminal after verifying the amount you want to withdraw.