CoinDCX offers P2P Crypto trading with a fixed 0.17% commission. INR trading pairs come with fees ranging from 0.03% to 0.50%.
Leverage options of up to 1:6 (Margin trading) on 400+ pairs, a minimum deposit requirement of INR 100, and IMPS/NEFT payment methods are some of the exchange’s offerings.
CoinDCX; Company Introduction
CoinDCX is a private, venture capital-backed cryptocurrency exchange founded in 2018 and headquartered in Mumbai, India. It rose to prominence as India’s first crypto unicorn in 2021, earning a valuation exceeding $1 billion.
Some key facts about the company:
- 500+ cryptocurencies
- More than 16M users
- INR 796B+ in quarterly trading volume
- Registered with Financial Intelligence Unit-India (FIU-IND)
CoinDCX Specific Features
The Crypto exchange offers a robust set of features, such as a B2B API solution and CoinDCX Pro, catering to both crypto beginners and experienced traders.
Exchange | CoinDCX |
Launch Date | 2018 |
Levels | from Regular 1 to VIP 7 |
Trading Fees | Variable based on user level |
Restricted Countries | None |
Supported Coins | 500+ |
Futures Trading | Yes |
Minimum Deposit | IDR 100 |
Deposit Methods | Crypto, Fiat |
Withdrawal Methods | Crypto, Fiat |
Maximum Leverage | 1:100 |
Minimum Trade Size | INR 100 |
Security Factors | Proof of Reserves, Cold Storage, 2FA |
Services | Futures/Margin Trading, Staking, P2P/OTC Markets, API Trading |
Customer Support Ways | Ticket, Chatbot |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Market |
Native Token | No |
CoinDCX Exchange Pros & Cons
Here's a balanced look at some of the key advantages and potential drawbacks of using CoinDCX:
Pros | Cons |
User-friendly interface for beginners | High fees compared to some global exchanges |
Advanced trading features for experts | Limited support channels |
Strong security measures and insurance | Poor trust score |
Wide selection of 500+ cryptocurrencies | Reported withdrawal issues |
User Levels on CoinDCX
We must mention in this CoinDCX review that the platform implements a tiered membership system based on 30-day trading volume, offering increasing benefits at higher levels.
User Level | Monthly Spot Trading Volume (INR) | Monthly Futures Trading Volume (USDT) |
Regular 1 | < 200,000 | < 2M |
Regular 2 | < 500,000 | < 2M |
VIP 1 | < 7,500,000 | < 5M |
VIP 2 | < 50,000,000 | < 15M |
VIP 3 | < 100,000,000 | < 50M |
VIP 4 | < 250,000,000 | < 100M |
VIP 5 | < 1,000,000,000 | < 500M |
VIP 6 | < 5,000,000,000 | < 1B |
VIP 7 | > 5,000,000,000 | > 1B |
Trading and Non-Trading Fee
CoinDCX charges no fees for deposits, and while INR withdrawals are free, it charges a fee for Crypto withdrawals based on the asset.
The exchange has also implemented a tiered fee structure for various markets, including:
User Level | Spot (INR) Fee | Spot (P2P) Fee | Futures (SDT-M) Fee | |
Maker | Taker | |||
Regular 1 | 0.50% | 0.17% | 0.02% | 0.05% |
Regular 2 | 0.42% | 0.17% | 0.02% | 0.05% |
VIP 1 | 0.17% | 0.17% | 0.02% | 0.048% |
VIP 2 | 0.13% | 0.17% | 0.0175% | 0.048% |
VIP 3 | 0.10% | 0.17% | 0.015% | 0.047% |
VIP 4 | 0.08% | 0.17% | 0.012% | 0.045% |
VIP 5 | 0.07% | 0.17% | 0.010% | 0.041% |
VIP 6 | 0.05% | 0.17% | 0.008% | 0.034% |
VIP 7 | 0.03% | 0.17% | 0.007% | 0.030% |
CoinDCX Exchange Digital Assets
The platform offers a wide range of 500+ digital assets for trading and investment, including:
- Major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC)
- DeFi tokens: Uniswap (UNI), Aave (AAVE), and Compound (COMP)
- Stablecoins: Tether (USDT) and USD Coin (USDC)
- Platform tokens: CoinDCX Token (CCD) and Binance Coin (BNB)
- Altcoins: Polkadot (DOT), Cardano (ADA), and Solana (SOL)
Does CoinDCX Offer Leverage Options?
The exchange provides Margin and Futures trading through CoinDCX Pro with the following key features:
- 270+ Futures trading pairs
- 400+ Margin trading pairs
- Leverage options of up to 1:100 on Futures contracts
- Margin trading with leverage of up to 1:6
Sign up and KYC on CoinDCX Exchange
Registering and completing KYC on CoinDCX is a straightforward and mandatory process. The onboarding process includes account creation and KYC verification to comply with regulatory standards.
#1 Create Your Account
Go to the official CoinDCX website and select “Create Account”. Enter your email and complete the registration form.
#2 Verify Email & Phone
Input the one-time code (OTC) sent to your email. Then, provide your mobile number and confirm it with the SMS-based OTC.
#3 Complete KYC
Upload identification documents:
- Indian Residents: PAN (Tax ID), Aadhaar card, passport, and a live selfie
- International Users: Passport and a valid proof of address (e.g., utility bill or bank statement)
CoinDCX Apps and Platforms
The exchange provides a web-based platform with access to TradingView charts and tools and a dedicated feature-rich mobile app.
Check TradingFinder’s list of TradingView indicators to access additional analytical tools.
Is CoinDCX Safe?
Founded by Sumit Gupta and Neeraj Khandelwal, the exchange is ISO27001-certified and implements various security measures to protect user funds and data, including:
- Cold Storage: 100% of user funds stored in multi-signature cold wallets
- Two Factor Authentication: Mandatory for all accounts
- Regular Security Audits: Conducted by reputable third-party firms
- Proof of Reserves: Verifiable availability and security of all clients’ funds
- AML/CFT Compliance: Strict adherence to regulatory guidelines
Deposits and Withdrawals
The exchange supports crypto and fiat payments. INR deposits are commission-free and processed through two options, including IMPS (Immediate Payment Service) and NEFT (National Electronic Funds Transfer) systems. INR withdrawals are done via bank transfers.
While the company claims that it supports crypto payments, it has suspended all crypto withdrawals due to tax requirements and activates them only through raising a support ticket by the customer (if eligible), according to The Hindu. However, crypto withdrawals are still in place.
CoinDCX Exchange User Satisfaction
The platform has gained mixed user feedback across various platforms. There are 124 reviews on CoinCDX TrustPilot profile.
Reviews.io | 2.7/5 based on 138 comments |
TrustPilot | 2.2/5 based on 124 ratings |
While 30% of CoinDCX reviews on TrustPilot are positive, 68% are 1-star and 2-star (negative).
CoinDCX Features
Here's a table demonstrating the additional features and services provided by the exchange:
Staking | Yes |
Yield Farming | No |
Social Trading | No |
Liquidity Pool | No |
Crypto Cards | No |
Customer Support
CoinDCX exchange offers 24/7 support through various channels, including a Ticket system and a chatbot.
Ticket | Through the “Client Area” |
Chatbot | Available on the official website |
Copy Trading or Investment Plans on CoinDCX
While the platform doesn’t offer direct copy trading features, you can use its API service to use customized or third-party EAs. CoinDCX also provides comprehensive solutions for passive income, including:
- Earn: Staking cryptocurrencies
- Affiliate: Up to 50% daily commissions on trading fees
Geo-Restrictions on CoinDCX
The company discloses in its “Terms & Conditions” that it accepts clients from all countries. However, to avoid future conflicts with regulatory authorities, it probably doesn’t provide services to countries like Iran, North Korea, and Yemen.
CoinDCX Compared to Its Competitors
The table in this section is a comprehensive fair comparison between the reviewed platform and its peers:
Features | CoinDCX Exchange | Bitget Exchange | MEXC Exchange | |
Number of Assets | 500+ | 400+ | 10000+ | 2800+ |
Maximum Leverage | 1:100 | 1:125 | 1:125 | 1:200 |
Minimum Deposit | 100 IDR | $1 | $15 | $1 |
Spot Maker Fee | 0.03% - 0.5% | 0.02% - 0.1% | 0.10% | 0.05% |
Spot Taker Fee | 0.03% - 0.5% | 0.04% - 0.1% | 0.10% | 0.05% |
Mandatory KYC | Yes | Yes | Yes | Yes |
Futures Trading | Yes | Yes | Yes | Yes |
Mobile Application | Yes | Yes | Yes | Yes |
Fiat Payment | Yes | Yes | Yes | Yes |
Staking | Yes | Yes | Yes | Yes |
Copy Trading | No | Yes | Yes | Yes |
Writer's opinion and conclusion
CoinDCX provides access to Spot, P2P, and OTC trading on 500+ cryptocurrencies in 9 markets, including BTC, USDT, XRP, ETH, and TRX. The exchange supports INR and Crypto deposits with no transaction costs.
CoinDCX has suspended all crypto withdrawals due to regulatory compliance, a matter that has caused numerous negative CoinDCX reviews. The platform has gained a poor 2.2 score on TrustPilot.