If you are wondering, “Is CoinDCX safe?” or “How safe is CoinDCX with my assets?”, then you are in the right place. CoinDCX impressive combination of strong security measures, improved trading tools and a large number of supported cryptocurrencies is serving to be the centre of choice for both novice and professional traders.
We’ll evaluate CoinDCX functionality, its fees, security measures and customer relations so that you may assess whether it is one of the most useful exchanges in the cutthroat world of bitcoin trading.
Introduction
Launched on April 7th, 2018, CoinDCX is a cryptocurrency exchange with its offices located in India. Built with user experience and security in mind, CoinDCX claims to provide near-instant fiat to crypto conversions with zero fees.
On CoinDCX, users can have single-point access to a diverse suite of crypto-based financial products and services that are backed by security processes and insurance. CoinDCX claims to have the highest number of cryptos listed of exchanges in India.
CoinDCX claims its onboarding process to be one of the fastest in the industry as the completion of the KYC and Bank Account verification process can reportedly be done within 5 minutes. The fees are minimal for trading and crypto withdrawal. The exchange also provides near-instant deposit and withdrawal capabilities.
Know Quick Details About Coindcx
| Feature | Details |
|---|---|
| Platform Type | Cryptocurrency Exchange |
| Founded | 2018 |
| Headquarters | India |
| Supported Cryptocurrencies | Over 200+ cryptocurrencies |
| Trading Pairs | BTC/INR, ETH/INR, USDT/INR, and many more |
| Trading Fees | 0.04% (Maker), 0.06% (Taker) |
| Withdrawal Fees | 0.001 BTC per BTC withdrawal |
| Deposit Methods | INR, Cryptocurrencies |
| Mobile App | iOS and Android |
| Security | 2FA, Cold storage, End-to-end encryption |
| KYC Required | Yes, for full access to features |
| Customer Support | Email, Live Chat |
| Available Countries | India, Europe, Southeast Asia, and more |
Some Popular Token Available On This Exchange
| Token Symbol | Full Name | Blockchain Type |
|---|---|---|
| BTC | Bitcoin | Bitcoin |
| ETH | Ethereum | Ethereum |
| USDT | Tether | ERC-20, TRC-20 |
| BNB | Binance Coin | Binance Chain |
| XRP | Ripple | XRP Ledger |
| ADA | Cardano | Cardano |
| SOL | Solana | Solana |
| DOGE | Dogecoin | Dogecoin |
| MATIC | Polygon | Ethereum Layer 2 |
| DOT | Polkadot | Polkadot |
| LTC | Litecoin | Litecoin |
| LINK | Chainlink | Ethereum |
| UNI | Uniswap | Ethereum |
| AVAX | Avalanche | Avalanche |
| TRX | TRON | TRON |
Coindcx Fees
CoinDCX Fees when trading and making withdrawals
CoinDCX charges a fee on every trade and this is called a trading fee. This fee is included in the amount of your order. The fee charged by CoinDCX is quite low at 0.04% for takers who fill an active order and 0.06% for makers who place a new one. Overall, these fees are low as most other companies’ averages are between 0.10% and 0.15%.
| Club | Maker (%) | Taker (%) |
|---|---|---|
| DCX Bitcoin | 0.040 | 0.060 |
| DCX Elite | 0.050 | 0.070 |
| DCX Platinum | 0.060 | 0.080 |
| DCX Diamond | 0.070 | 0.085 |
| DCX Emerald | 0.075 | 0.090 |
| DCX Gold | 0.080 | 0.100 |
| DCX Silver | 0.085 | 0.100 |
| DCX Bronze | 0.090 | 0.100 |
| DCX Pro | 0.095 | 0.100 |
| DCX Genesis | 0.100 | 0.100 |
Withdrawal Charges
While CoinDCX’s trading fees are among the cheapest in the industry, they offer high withdrawal rates and for every BTC withdrawn from the platform they charge around 0.001. This is significantly higher than the average of 0.0006.
Deposit and Withdrawal Processing
Coin DCX functions around the clock and allows customers to deposit and withdraw different currencies. For Indian customers, INR deposits are done immediately but INR withdrawals may require between four and six hours to reflect in the customer’s bank account. Other currencies such as GBP, AUD and USD take up to around 30 minutes to process with the customer.
How to Create an Account on CoinDCX?
CoinDCX is one of the most known cryptocurrency exchange which allows its users to purchase, sell as well as trade several types of cryptocurrencies. If you want to create an account, here is how you can do so:
Go to the coinDCX website: Click on the provided URL: https://www.coindcx.com.
Hit the Sign Up option: Locate the ‘Sign Up’ option on the extreme right of your screen and click on it.
Fill out the form: The form will require your email address, phone number, and a password of your choice but difficult to guess. Read through the terms and conditions then hit ‘Sign Up’.
Email verification: Go to the email that CoinDCX sent you and click the link embedded in the email to confirm your account.
KYC verification: After verifying your email, the account will require supplementary security measures KYC which in this case is a photo ID or an identification document alongside your selfie.
Set up 2FA: Setting up the 2FA using Google Authenticator or any other 2FA app will offer more restructuring to your account.
Deposit funds: Now that your account has been verified, you are free to transfer money into your CoinDCX wallet to start trading.
If you follow these simple steps of account creation you will be capable of utilizing a lot of crypto trading features available on CoinDCX.
CoinDCX Deposit and Withdrawal Options:
| Type | Option | Processing Time |
|---|---|---|
| Deposit | INR (Instant Transfer) | Instant |
| Cryptocurrencies | Approximately 30 minutes | |
| Withdrawal | INR | Up to 6 hours |
| Cryptocurrencies | Few minutes |
CoinDCX Services and Features
Spot Trading
CoinDCX offers an easy-to-use interface for a spot trading system where users can sell and purchase different currencies with the use of internet protocol.
Futures Trading
The Exchange gives its users an opportunity to trade in futures contracts by providing leverage, thus enabling even the smallest traders the opportunity to trade without any difficulty.
Staking
CoinDCX’s sole proprietorship stake supports a number of coins which include Polkadot, Tezos and many other similar cryptocurrencies for staking purposes.
Lending and Borrowing
Lending is the practice wherein users can provide their crypto to others in exchange for an interest payment and Borrowing is the opposite where crypto is used as collateral in order to receive funds.
Advanced Trading Features
The exchange is aimed at more experienced traders of the market as well and offers, for example, margin trading, automated bots for trading, limit orders and other options.
Educational Resources:
CoinDCX provides its customers with instructional materials aimed at helping them understand cryptography, blockchain technology, how it works and how to trade.
Mobile App
CoinDCX provides its customers with a mobile trading app which is available on both iOS and Android devices.
Liquidity
There is a large exchange volume on the platform, so users can make big steps with little delay.
Earn up to 50% daily commissions on trading fees!
Invite your friends to trade in coins and futures on CoinDCX and get additional monthly bonuses
Here’s a table showing the supported countries and banned countries for CoinDCX:
| Country | Supported | Banned |
|---|---|---|
| India | ✓ | |
| United States | ✘ | |
| United Kingdom | ✓ | |
| Canada | ✓ | |
| Australia | ✓ | |
| European Union | ✓ | |
| China | ✘ | |
| Japan | ✓ | |
| South Korea | ✓ | |
| Singapore | ✓ |
CoinDCX PROS & CONS
| CoinDCX Pros | CoinDCX Cons |
|---|---|
| ✓ Low trading fees compared to industry average | ✘ High withdrawal fees for BTC |
| ✓ Wide range of supported cryptocurrencies | ✘ Limited fiat deposit options in some regions |
| ✓ Advanced trading features (e.g., futures, staking) | ✘ KYC verification required for full access |
| ✓ Strong security measures (2FA, cold storage) | ✘ Limited customer support options |
| ✓ User-friendly mobile app | ✘ Withdrawal processing can take time |
| ✓ Multiple deposit methods for Indian users | ✘ High fees on some lesser-known altcoins |
| ✓ Educational resources for beginners | ✘ Not available in some restricted countries |
Is CoinDCX Secure?
CoinDCX employs a barrage of techniques in order to secure users’ funds and private details. Below are the most relevant security measures:
Two Factor Authentication: CoinDCX enables 2 step verification reaching one step further in safeguarding your account by sending a code through SMS to your cellphone.
Cold Storage: A large amount of the capital owned by any user is kept in cold storage which comprises of offline wallets and this storage is usually hard to get to for any hackers.
End to End Encryption: The sensitive information of users is encrypt during transmission and this is done through end to end encryption technology.
Regular Security Audits: CoinDCX has a system of performing regular audits on the security of their system in order to gauge any weaknesses and add additional mechanisms to safeguard against them.
Insurance Fund: CoinDCX has an insurable fund which makes sure that users money is safe even if using the coin leads to a breach.
Anti Phishing Tools: This includes email alerts and tools that gives out tips to users in order to safeguard them from fraudulent activity and scams.
CoinDCX Customer Support
According to CoinDCX, giving the users the best services is the way to make any business grow and be successful, With that, there holds best services within customer support and 24 hours support as well, Hence this 24-hour enabled service allows users from other countries to leave the time zone masking being a worry.
Onboarding, INR management and ticketing services can benefit from the support service with a 24 hour availability. Besides, it has been agreed that the current working hours of the telegram and chatting will be from 06:00 AM to 11:00 PM.
Due to these facilities, users have the flexibility of resolving their queries without wasting time waiting for the next day. CoinDCX customer care number is not posted on their site, however for any customer support users can mail them at support@coindcx.com.
Conclusion
CoinDCX is a fully automated crypto exchange and is highly secure. It is ideal for both novices and professionals as it is easy to use and offers a variety of services with great security.
The ability to instantly buy crypto, spot and margin trade then lend and stake along with great security practices makes the platform appealing to crypto users. Moreover, exceptional support service including automated tax report generation enhances user friendly experience.
If you want to buy, trade or earn through crypto, CoinDCX has all the tools and support that you need to be able to operate comfortably in the crypto asset world.
