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Flitpay Review 2025

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Flitpay Review 2025
OTC MarketCrypto EarnMobile TradingSaveORA Crypto CashbackSpot Trading
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Your Capital is at risk.

Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:Flitpay
Headquarter:India
Founded:2017
Coins:150
US Accepted:
Max Leverage:1:1
About
Flitpay is an Indian crypto exchange registered with the India Financial Intelligence Unit (FIU) and in compliance with the Reserve Bank of India (RBI). The minimum deposit and minimum trade size is INR 100. The exchange offers up to 10% annual interest rates through the Earn service.
Contact
Jaipur, Rajasthan, India
Rank and Score
Pros and Cons
User Levels
Pros
Competitive user levels
Various services, including Crypto Gift Cards and Crypto Earn
INR deposits and withdrawals
Demo account available for practice trading
Cons
No leverage options
No fee discounts on quick buy/sell transactions
Lack of call center and live chat feature
Limited to the Indian Rupee as the only fiat currency option

Flitpay offers access to 150+ cryptocurrencies for OTC and Spot trading. The QBS (Quick Buy/Sell) fee is 0.2%, and Spot commissions range from 0.05% to 0.50%. The exchange offers its affiliates up to 50% commissions and up to 100 FLT tokens.

Flitpay; An Introduction to the Crypto Exchange and its Background

Flitpay was founded in India by co-founders Akash Bansal and Ashish Sangai in 2017.

Flitpay
Flitpay processes almost $42M in daily transactions

The company has 30 employees and 1M+ users. It operates under the watchful eye of the India Financial Intelligence Unit (FIU). Flitpay provides OTC market and Spot trading on 150+ cryptocurrencies in two markets: INR and USDT.

Flitpay Exchange Table of Specifications

The crypto exchange has a native token called FLT, which you can earn by signing up or as a reward for referring new clients.

Exchange

Flitpay

Launch Date

2017

Levels

6 levels from Regular 0 to Level 5

Trading Fees

Quick Buy/Sell 0.2%

Spot Trading 0.05% - 0.50%

Restricted Countries

Iran, North Korea, Myanmar, Cuba, Russia, Syria, Afghanistan, Belarus, Somalia, Yemen, Venezuela, Sudan, Congo, Belarus, Iraq, United States of America

Supported Coins

150+

Futures Trading

No

Minimum Deposit

INR 100

Deposit Methods

Bank Transfer, Instant Bank Transfer, Crypto

Withdrawal Methods

Bank Transfer, Instant Bank Transfer, Crypto

Maximum Leverage

1:1

Minimum Trade Size

INR 100

Security Factors

SSL/TLS Encryption, MFA, Cold Storage, IDS/IPS systems

Services

OTC Market, Spot Trading, Mobile Trading, Crypto Earn, SaveORA Crypto Cashback

Customer Support Ways

Email, Telegram, WhatsApp, Ticket

Customer Support Hours

N/A

Fiat Deposit

Yes

Affiliate Program

Yes

Orders Execution

Market

Native Token

FLT

Does Flitpay Offer User Levels?

The exchange offers fee discounts on Spot trading based on the trader’s 30-day trade volume in INR. The user level system contains 6 levels, including:

Tier

30D Spot Trading Volume (INR)

Regular 0

0 – 100K

Level 1

100K – 500K

Level 2

500K – 5M

Level 3

5M – 10M

Level 4

10M – 50M

Level 5

50M – 1B

Flitpay Exchange Fees and Commissions

Quick buys and sells on the platform incur a fixed 0.2% commission per transaction. While crypto deposits are charge-free, you must pay a network fee to withdraw most digital assets.

Flitpay Crypto Withdrawal Fees
Crypto withdrawal and deposit fees on the Flitpay platform

Spot trading fees vary based on the trader’s fee tier. Note that the fees include an 18% GST.

Tier

Spot Trading Fee

Regular 0

0.50%

Level 1

0.40%

Level 2

0.30%

Level 3

0.20%

Level 4

0.10%

Level 5

0.05%

We’ll discuss the INR payment fees later in this Flitpay review.

Flitpay List of Digital Assets

The platform has listed over 150 cryptocurrencies and provides spot trading in two markets, including USDT and INR. There are 6 USDT and 156 INR trading pairs on the platform. Most popular digital assets available on Flitpay:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether (USDT)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Dogecoin (DOGE)
  • Cardano (ADA)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Stellar (XLM)

Leverage Options on Flitpay

At the time of writing this Flitpay review, the platform doesn’t offer Futures and Margin trading services. This decision likely stems from the high risks associated with leveraged trading, which can lead to significant losses for inexperienced traders.

Registration and KYC on Flitpay Exchange

Opening an account with Flitpay is a straightforward process. However, you must verify your account to access crypto withdrawals and the spot market

  1. Visit the Flitpay official website;
  2. Click “Sign Up”;
  3. Fill out the registration form;
  4. Verify your email address;
  5. Provide your phone number and the OTC sent by SMS;
  6. Fill in the personal information form;
  7. Upload supporting documents and a selfie.

Flitpay Security Measures

The exchange is registered with the Financial Intelligence Unit (FIU) India. It has implemented various security measures to guard users’ funds and data, including:

  • SSL/TLS Encryption
  • Multi-Factor Authentication (MFA)
  • Cold Storage for Digital Assets
  • Firewalls and IDS/IPS Systems
  • Regular Cybersecurity Training for Employees
  • Compliance with the Reserve Bank of India (RBI)

Flitpay Deposit & Withdrawal

The platform supports INR and Crypto payments. There are two types of INR transactions, including Standard Bank Transfer and Instant Bank Transfer.

Payment Method

Fee

Min Amount

Max Amount

Instant Bank Deposit

INR 20

INR 50

0.25%

INR 100

INR 50,001

INR 100,001

INR 50,000

INR 100,000

INR 1,000,000

Standard Deposit

INR 0

INR 100

INR 2,000,000

Instant INR Withdrawal

INR 20

0.25%

INR 100

INR 10,001

INR 10,000

INR 50,000

Standard Withdrawal

INR 10

INR 100

INR 500,000

Flitpay processes Instant Bank Transfers via IMPS, NEFT, and RTGS methods.

Flitpay Exchange Trust Scores

The platform has performed well in users' eyes. The Flitpay Trustpilot profile features 14 reviews, 100% of which are positive (4-star and 5-star). The exchange also has 2.89K ratings on the Google Play Store.

  • Trustpilot: 4.5 out of 5
  • Google Play Store: 4.0 out of 5
Flitpay Trustpilot
A look into the Flitpay profile on Trustpilot

Flitpay Investment and Growth Plans

The exchange has developed an “Earn” service offering fixed annual earnings on your crypto assets. It also provides a referral program for its clients.

  • Flitpay Earn: Annual interest rates of up to 10% available for 13 cryptocurrencies (e.g., BTC, ETH, XRP, TRX, and USDT) with 3 intervals, including 30, 60, and 90 days
  • Affiliate: Up to 50% commission and a scratch card worth between 50 FLT – 100 FLT for referring new clients in addition to an affiliate sign up prize of up to 500 FLT

Writer's Opinion and Conclusion

Flitpay provides access to 162 trading pairs in the INR and USDT markets. The platform supports INR deposits and withdrawals through IMPS, NEFT, and RTGS payment methods. The exchange has a score of 4.5 out of 5 on Trustpilot

FAQs

Is Flitpay safe to use?

The exchange is registered with the Financial Intelligence Unit (FIU) of India and operates in compliance with the Reserve Bank of India (RBI). It also has implemented various security factors, including MFA, SSL encryption, and cold storage.

Can I use Flitpay outside of India?

Yes, the platform is available in 133+ countries.

What cryptocurrencies can I trade on Flitpay?

The exchange has listed over 150 cryptocurrencies, including popular ones like Bitcoin, Ethereum, and Ripple.

Does Flitpay offer leverage trading?

No, the exchange does not currently offer leverage or margin trading options.

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