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. Some key facts about the company:
- 500+ crypto assets
- 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 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 |
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 costs for deposits, and while INR withdrawals are free, it charges a fee for Crypto withdrawals based on the asset.
The exchange also has 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 containing the following steps:
- Visit the exchange’s official website;
- Click “Create Account”;
- Fill out the “registration” form;
- Enter the OTC sent by email;
- Provide a phone number and the OTC sent by SMS;
- Upload supporting documents, including:
- For Indian users: Tax ID, National ID (Aadhaar), Passport, and Live Selfie;
- For International Clients: Passport and proof of address.
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).
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.