After some crucial announcements by Reserve Bank of India, the crypto industry comes up with innovative ways. The latest news for all Crypto Investors of India is the arrival of CoinDCX, which is a crypto-to-crypto exchange that will allow people to trade more than 30 cryptocurrencies with Bitcoin or Ethereum.
CoinDCX is founded by serial entrepreneurs Sumit Gupta and Neeraj Khandelwal, CoinDCX is India’s first crypto-to-crypto trading platform. It will allow its users to keep a track of all their crypto investments in INR without having to deal with INRs actually. Since it doesn’t require Indian currency and any sort of connection with Indian banks, it’s also immune from RBI’s recent directive at least for now.
Features CoinDCX Offering
Highly Trusted and Secured – Strong multi-signature authentication, Best-in-class security 24 hours to keep your funds secure offline cold wallets to prevent hacking.
30+ Crypto Trading Pairs – Bringing to you the most tech-solid and promising altcoins so that you have the maximum investment options to choose from.
0.10% Trading Fee – Reasonable trading fees for both buyers and sellers. We offer you the highest liquidity among Indian exchanges for available crypto pairs.
Prompt Customer Service – Less than 24 hours response time and faster resolution to your queries, Relax in peace while we do the work. We take customer service seriously.
Track Your Crypto Investment – A clear overview of your total portfolio balance, total profit/loss since you started investing or since the last 24 hours, in both your local currency and in Bitcoin.
Faster KYC – Faster KYC allows you to start trading from the very first day. You have to upload your PAN Card photo and Aadhar Card photo and have to wait for the KYC verification. It usually takes up to 24 hours. All this will be done after successfully registering your email and mobile number.
Refer and Earn Program
CoinDCX has come up with a very nice Refer and Earn Program. He is allowing all the users to share their referrals codes to their friends via various social options.
At every referral, the user will 50% of their trading fees for entire life. Yes, you will get the 50% of trading for all time. For instance, let your friend trade with 50k INR, then the transaction fee will be 50 Rupees, so you will get 25 Rupees free of cost.
Think of, you get more or around 50 successful referrals. Your every friend is trading at around 1Lakh per month. So you will get 2500 per month for entire life with no such hard work. Isn’t it nice?
Describing the functionality of exchange to Economic Times CoinDCX CEO Sumit Gupta explained how this exchange can help Indian crypto trading community:
“You don’t have to get rid of your investment, while the market is down. Simply move your cryptos to CoinDCX, where you’ll be able to enjoy faster deposits, lower trading fees, 30 plus trading pairs, and the most intuitive platform, all without touching Indian Rupees (INR).”
Kunal Khandelwal, CTO of CoinDCX, also explained the functionality similarly while telling about some other features as well:
“Even though our users will be trading in crypto pairs, they can still check equivalent coin prices, place buy or sell orders and even track your portfolio, all in Indian Rupees (INR).”