CoinDCX App Review 2022 – Is CoinDCX Safe?

CoinDCX is one of the popular cryptocurrency trading applications available for mobile users. If you love investing in cryptocurrencies to build sustainable wealth. Today’s CoinDCX app review is worth reading and getting the practical insights to choose the right platform for a hassle-free trading experience.

It is a cryptocurrency exchange established in 2018 in Singapore to provide users with a practical crypto trading experience. This exchange has a Mumbai based office to serve Indian crypto traders. For more details about CoinDCX, keep reading this article to get better insights.

About CoinDCX App?

This crypto exchange is a newly introduced crypto exchange platform available for Indian and Singapore traders. It has over 200 cryptocurrencies listed to put money in and build wealth. CoinDCX supports Ethereum, Bitcoin, and other currencies to give an efficient and secure trading experience.

It’s a secured platform, but still, there might be high chances of getting scammed as it’s a newly launched trading platform. If we talk about its top investors, you will see Capital Ventures, Polychain, and 100x Ventures. Along with this, its top 10 investors have invested over $5.5 million in three sessions.

How Does CoinDCX Function?

It’s a very simple and straightforward application for investing money in cryptos. It has some unique features compared to Binance and other similar exchanges. When you create your account by signing up and putting in relevant details, you get an OTP to verify and start investing money in cryptocurrencies. You can also use the resources to understand how to invest in CoinDCX.

CoinDCX App Features

  • The cryptocurrency exchange comes with many features and helps traders get a better user experience. Below are some of the major features that you must know.
  • CoinDCX is the safest crypto trading platform recently launched in the Indian market. This site takes care of its user’s security and gives an easy-to-use dashboard.
  • It also offers 24×7 customer support because of the efficient team to ensure a seamless site experience.
  • The site has over 200 listed cryptocurrencies to invest money and build wealth with time.
  • CoinDCX has kept comparatively low charges compared to other crypto exchanges. Because of the low charges, it attracts investors from various budget ranges.
CoinDCX App Review

How to Register on CoinDCX App?

Here is how you can register with the CoinDCX app to start trading and investing in crypto.

1. Go to Website

To use this crypto exchange, you must first visit the website to complete the registration process. There is a top right side corner where you can find the registration button and can click to proceed with further steps.

2. Enter Details

You must fill in basic details like your name and email address when signing up. Once you enter all these details, you can sign up successfully.

3. Get OTP and Verify

The next step is to verify the mobile number using an OTP on your mobile. You can enter your mobile number and the given OTP to verify your account.

4. Enter and Verify Bank Details

It is crucial as you must enter bank details to add and receive the fund. Here you will find a new page to enter the required details. Once you enter your details, you will get a 12-digit UTR number to ensure your details have been verified.

So, it’s the registration process on this crypto trading platform; we hope now it’s clear. Let’s move to the other part of our CoinDCX app review article.

Is CoinDCX Safe for Crypto Trading?

CoinDCX is one of the safest crypto exchanges based in India and allows simplified trading. The site does not share KYC details with any third-party company. And it makes it a very secure and efficient exchange for the users. However, it’s a newly launched site that might have a few security issues, but its two-step authentication process keeps it much more secure for the end users.

CoinDCX App Review - Is CoinDCX Safe

CoinDCX App Pros

  • You can choose many crypto coins to start investing your money and building wealth.
  • It has competitive exchange charges for investing in cryptos and also requires a low investment amount.
  • You can trade multiple coins using one exchange from your mobile phone and PC.
  • It has provided users with a one-click sell and buy option for an efficient user experience.
  • You can use UPI and IMPS for transferring funds for investment.
  • The platform has an easy to use platform that ensures a smooth trading experience.
  • 24×7 customer support is an added advantage for the users to get the best trading experience.

CoinDCX App Cons

  • The users must get verified to have a higher FIAT score for better usage.
  • The site only supports INR and FIAT, and there is not any other currency available to use the money for investment.

CoinDCX Charges

This exchange generally charges a low trading fee from its traders. You will have to pay some trading charges if you use it and order the exchange. The trading charge for takers is 0.04% and for makers is 0.06%. And when you withdraw the money, you are charged 0.001 BTC per BTC you withdraw. You can visit the site to get more information about the charges for this exchange.

How Does CoinDCX Different From Other Crypto Exchanges?

The site does not charge users any deposit or withdrawal fee if they use INR. Also, these exchange charges are very economical compared to other platforms. If you are a user who wants to use INR for crypto investment, it’s good to use it as it has 200 altcoins and also has minimum trading charges.

CoinDCX Go App is the mobile application of the CoinDCX crypto trading platform. It provides single-tap installation and uses the feature for its users. You can fill in the details and use them for further trading activities. The application is available for iOS and Android users and has good customer ratings.

Is CoinDCX a Legal Crypto Exchange in India?

The CoinDCX team has assured users that they are a legit exchange for crypto trading. However, some users have also complained about credit rejection. Hence, if you try this exchange, you must do little research from your side and verify the authentication of this platform.

Is CoinDCX an Indian Cryptocurrency Trading Platform?

CoinDCX is an Indian cryptocurrency trading platform, and its Indian office is based in Mumbai. However, it also has a franchise in Singapore and both countries; this platform is available for trading.

Conclusion

In this CoinDCX app review, we reviewed each essential term, so you can decide whether you should use this platform or not. If you are an investor or trader, it’s good to compare this site with other similar platforms, and based on requirements and security factors; you can choose the ideal exchange to start investing.

However, it’s also a major and newly launched crypto trading platform that offers cost-effective trading and investing functioning. If you think it fits, you can also try this site and start building wealth by crypto investment.

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