CoinDCX App Review: Know Everything About CoinDCX In Detail

About CoinDCX App

CoinDCX is a cryptocurrency exchange platform that has 200 different types of cryptocurrencies. It is a Singapore-based company that has been operating since 2018. The CoinDCX office is located in Mumbai, India. They offer several cryptos like Bitcoin, Ethereum, and many other altcoins which means that different altcoin traders can use this platform and they don’t have to wonder about other platforms. Several cryptos mean that there might be more scam coins and because a newly launched altcoin will not have the same scrutiny. The top current investors for CoinDCX funding include Polychain, Bain Capital Ventures, and 100X Ventures and besides these three main investors, it has 10 more investors who have raised a sum of $5.5 million in three rounds. So this article will focus on the CoinDCX App Review, read this blog carefully to get the complete information.

Key facts about CoinDCX

The following are some key facts about the CoinDCX app:

• It is the safest platform for cryptocurrency trading and it has proper security features for both account details and transactions of the users.
• It has more than 200 types of cryptos.
• The prominent features like an instant buy and sell, user-friendly interface, and limitless trading makes CoinDCX the best and effective platform for thousands of users.
• It has Lu trading and withdrawal fees which is the reason for attracting the users and making it popular.
• It provides 24 hours customer support.

Features of CoinDCX

This app offers several features that are especially beneficial for interested traders which are as mentioned below:

• This app is one of the safest platforms to trade cryptocurrency as it takes the security of users very seriously.
• It has an incredibly efficient team of customer care executives who remain available 24×7 to its customers and ensure they have a seamless experience.
• It offers more than 200 types of cryptocurrencies to choose from.
• The fees which the exchange charges for CoinDCX withdrawal and trading are low in comparison to other sites. It was a great feature to draw consumers and low trading fees always attract investors so the authorities have kept this in mind while deciding the trading fees structure.
• CoinDCX has two mobile apps which enable users to trade at their convenience without having to visit the website all the time so these apps have made it a popular name among other cryptocurrency exchanges.

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How To Use: Steps To create An Account On CoinDCX

• Visit the website

To create an account, first, you have to visit the web page of CoinDCX and click on the register to start the signup process. Here you will find the register button in the top right corner.

• Fill the details to sign up

Then you have to fill in your details like name, email address, phone number, and other details and after filling them click on the signup option.

• Email and phone number verification

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

Verification of your bank account

For verifying your bank account you have to follow the steps given below:

1. Firstly go to your profile section and click on the profile icon in the top right corner.

2. There you have to click on verify bank account and it will redirect you to a new screen.

3. On the new screen you have to fill in your bank details and other information.

4. For confirming your bank details you will receive a deposit and withdrawal of a small amount from your account for the verification process.

5. After that you have to enter the 12 digit UTR number which you will receive after bank account details verification.

KYC verification (optional step)

The app login process is simple and to log in to your account to start the KYC verification process follow the steps.

To complete this process, you have to upload images of two documents which are a Pan Card that is a mandatory document that you have to upload, and an Identity Card that you can use any one document from Aadhar card, voter ID card, or passport but remember to upload both the front and back.

How to withdraw money from CoinDCX: Steps to withdraw money

Withdrawing cryptos means sending cryptos from one’s wallet to a different wallet and this steps are as follows:

• Firstly login to the CoinDCX account
• Then go to the fund section and click withdraw option
• Select the cryptocurrency which you wish to withdraw
• After that enter the destination wallet address and amount to be withdrawn and click on send.
• Fill in the six-digit OTP and click on verify to validate the request of the withdrawal.
• An email will be sent to the registered email address from where you have to confirm the withdrawal request

When the email will be verified, the withdrawal will be confirmed and the balance will be deducted from the wallet. The token will be sent to the address which was provided.

How can you deposit cryptos in your account?

The following are the steps to deposit cryptos in your account:

• Firstly login to your CoinDCX account
• Then click on the phones on the top right of the page
• Then click on the deposit option
• Select the cryptocurrency which you wish to deposit
• Here you will see your wallet address and wallet tag.
• On another platform from where you wish to deposit, copy the above wallet address and we will suggest you scan the QR code to avoid typing errors or you can also directly copy the wallet address but don’t forget to add the destination tag on the memo if the wallet requires you to fill it.
• At last, once you click the send button after putting the correct wallet address on the other extreme you will receive the Crypto in your CoinDCX wallet, and after that block, confirmations are completed.

And this is done.

How to buy and sell cryptocurrencies on CoinDCX?

CoinDCX platform allows users to use both the website and mobile app to sell and buy cryptocurrencies on the platform and for this, you just have to create an account on these mediums to get started. And it is very easy to use it so if one has minimum knowledge of how mobile phones work then they can easily trade through this platform.

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Pros and Cons of CoinDCX app

The following are some pros or advantages of the app which make it a great app:

• It has the availability of a wide range of coins for trading.
• It offers adequate liquidity across a vast number of trading pairs.
• The trading charges of this app are low and the minimum amount for trading is also low.
• With the help of this app, you can buy and sell instantly with just one tap.
• It offers margin trading around 6 times the leverage on numerous assets.
• This app accepts payment methods like UPI and IMPS.
• In this app, continuous and live customers are also present to answer queries or doubts instantly.
• Futures trading of this app is around 20 times the leverage.
• The app is available for multiple platforms.

The following are a few cons or disadvantages of the app which you should know:

• In this app INR is only FIAT currency and there are no other options available.
• To use this app you will need verification for higher FIAT values.

FAQs

1. Is CoinDCX a safe platform?

Ans. Yes, every fund that you invest in cryptocurrency through the CoinDCX platform is safe and this platform assures the users that it backs every investment and ensures that you do not have to face any issues.

2. Is KYC compulsory in CoinDCX?

Ans. No,  it is not compulsory to complete the CoinDCX KYC. If you don’t have KYC then your account will be limited to a total of INR 10,000 deposit and withdrawals or 4 BTC cryptocurrencies per day for deposit and withdrawal.

3. Is there any CoinDCX app for phones?

Ans. Yes, you can download the CoinDCX app from the Play Store of your Android phone.

4. Is a Pan card compulsory for opening an account on CoinDCX?

Ans. No, a Pan card is not required to open an account on CoinDCX but you will need it for KYC verification.

5. Is CoinDCX legal?

Ans. According to the data, the CoinDCX Legit Team assures that their business is legal but some users have complaints about their credit getting rejected.

6. Can you deposit INR in CoinDCX?

Ans. Yes, the only FIAT currency which one can deposit on this exchange platform is INR but for the altcoins, there are as many as 200 options for depositing and trading.

Conclusion

By the above-mentioned points, you can easily decide whether CoinDCX is worth your time, energy, and money or not, so by comparing these factors with other Crypto trading platforms to see which will benefit you the most. We hope that this article helped you in the review of CoinDCX.In last, I hope this blog sufficient enough to provide the complete information about CoinDCX App Review.