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Forex Broker Rating

CoinDCX

CoinDCX

Information about the broker CoinDCX

Rating: 2
Jurisdiction: India
Regulators: not mentioned
Foundation date: 2018
Site: https://coindcx.com

Brief information CoinDCX

The CoinDCX cryptoproject is an Indian centralized cryptocurrency exchange offering digital asset purchases, trading and related services. The platform was established in 2018 by Sumit Gupta and Neeraj Khandelwal. 

The exchange is operated by Neblio Technologies Private Limited, an Indian company with corporate identification number U74999MH2018PTC304533. Its published FIU-India registration number is VA00030982. This registration concerns anti-money-laundering and counter-terrorist-financing obligations and should not be described as a financial exchange licence. In India, crypto products and NFTs remain unregulated and may not offer regulatory protection in the event of losses.

CoinDCX positions itself as a platform for both beginners and experienced traders. It reports security certifications and publishes proof-of-reserves information. These disclosures do not guarantee the safety of customer funds.

The platform uses the following websites:

  • coindcx.com — main website;

  • account.coindcx.com — account access;

  • support.coindcx.com — customer assistance.

The company does not list its office address or contact phone numbers. However, it offers social media and an online chat feature on the platform.

CoinDCX

Cryptocurrency selection on Coin DCX

The platform advertises more than 500 cryptocurrencies available for buying and selling with Indian rupees. Listed assets include: BTC, ETH, SOL, XRP, DOGE, SHIB, PEPE and many others.

The CoinDCX platform provides INR and crypto-to-crypto markets. Asset availability differs between spot, margin and derivatives products. 

Services and fees of CoinDCX

The platform CoinDCX offers the following services:

  • Free account registration;

  • Buying, selling and converting cryptocurrencies;

  • Access to the platform’s supported cryptocurrency markets;

  • Spot and margin trading;

  • Futures and options trading;

  • Crypto earning opportunities through Earn;

  • Trading signals;

  • API access;

  • OTC services for large transactions;

  • Trading through the website and Android and iOS applications.

Standard fees are 0.50% for INR spot trading and 0.17% for crypto-to-crypto trades. 

Futures maker/taker fees are 0.025%/0.075% for USDT-margined contracts and 0.02%/0.05% for INR-margined contracts. Fees are subject to 18% GST. 

VIP discounts depend on 30-day trading volume and are reviewed weekly. Futures may also incur funding charges.

CoinDCX

Creating a personal account and verification on coindcx.com

Users register by providing personal details, contact information and a password, then confirming their email and mobile number. Identity verification is mandatory, and a verified bank account is required for INR deposits and withdrawals.

Deposits and withdrawals with Coin DCX

Payment methods include:

  • Bank transfers via IMPS, NEFT and RTGS;

  • UPI for eligible accounts.

Deposits and withdrawals in Indian rupees are free. Deposit times vary by method; no universal minimum is stated.

Withdrawals start at 100 Indian rupees and go to a verified bank account. Most withdrawals below 500,000 Indian rupees are processed within six hours; larger amounts may take up to 72 hours. Crypto transfers require approval, with withdrawals limited to verified wallets.

Conclusion about CoinDCX

The crypto project CoinDCX identifies its Indian operator, publishes trading fees and states its FIU-India registration. However, this registration establishes AML/CFT obligations rather than financial licensing or protection against investment losses. Cryptocurrency transfer access is also conditional, so prospective users should confirm their account’s withdrawal eligibility and applicable charges before depositing funds.

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Trader Reviews

Withdrawals have been quick for me, but CoinDCX’s trading fees feel too high. The app also takes time to load, making it difficult to close positions promptly. Better performance and lower fees would improve the experience.

  • 7 hours ago

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