Flitpay Review 2025

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.

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 CEO and Director

Flitpay, one of India’s prominent cryptocurrency exchanges, is led by Akash Bansal LinkedIn, who serves as the CEO and co-founder.

Under his leadership, Flitpay has grown into a trusted platform for trading digital assets, focusing on accessibility, security, and user-friendly solutions for crypto wealth management.

Before Flitpay, Akash founded FlitLance in 2015 and served as Director and CFO of Flit Webs, a web hosting company started by engineering students to provide affordable hosting services.

He holds a Bachelor of Technology in Computer Science from Poornima Institute of Engineering & Technology and has been actively studying blockchain, ICOs, and cryptocurrency consulting since 2016.

Flitpay Exchange Table of Specifications

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

Pros & Cons

Flitpay has partnered with the SaveORA platform to offer discount coupons and cashback on your shopping. Let’s list the exchange’s advantages and disadvantages in this Flitpay review.

Does Flitpay Offer User Levels?

Yes, Flitpay provides tiered user levels where higher trading volumes unlock lower fee percentages,allowing active traders to reduce their overall costs.

These levels are updated dynamically every 24 hours, ensuring users always benefit from their most recent 30-day trading performance.

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:

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 blockchain network fee to withdraw most digital assets.

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

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 Margin and Futures markets.

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

Creating a Flitpay account is easy, even for beginner crypto traders. Flitpay registration:

#1 Fill Out the Signup Form

Visit the official Flitpay website. Enter your email address and create a secure password with a mix of letters, numbers, and symbols. 

(Optionally) Insert a referral code. Accept the Terms and Conditions, then click "Sign Up".

#2 Verify Your Email

Check your inbox for a 6-digit verification code sent by Flitpay. Paste the code into the required field on the website to activate your account.

Once done, you can proceed to complete KYC verification for enhanced security and full access to trading features.

#3 Complete Flitpay KYC

On the Flitpay dashboard, click on the "Verify KYC" button and provide the following details:

• Name
• date of birth
• Full address

Then, upload the necessary documents for Flitpay verification and complete the selfie confirmation step.

Flitpay Trading Guide

Spot trading on Flipay is easier than you think. Simply follow these steps:

#1 Go to the Spot Trading Section

To do so, on the homepage of the exchange, you need to hover your mouse pointer over the “Trade” option and then click on “Spot”.

#2 Select a Trading Pair

From the menu on the left side of the screen, choose a trading pair or use the search bar and type your preferred pair.

#3 Trading Amount

Now you can enter the trading amount in the “Volume” bar, and the exchange will calculate the total price for you.

#4 Confirm the Trade

Lastly, check all the information for your order to see if they are correct. To confirm the trade, click on the “Buy” or “Sell” button.

Flitpay App and Trading Platform

Flitpay offers a user-friendly trading experience through both its web platform and mobile app (available for iOS and Android devices).

• Flitpay Android
• Flitpay iOS

Some of the application's features include an intuitive dashboard, real-time charts, order book, and trade history.

Flitpay Trading Volume

According to Flitpay CoinGecko, the exchange has shown a significant increase in trading activity over the past three months.

Starting from late May, daily trading volumes were relatively modest, mostly ranging around $1–2 billion.

However, beginning in mid-July, volumes began to spike, frequently reaching $4–6 billion on high-activity days.

The chart shows several peaks, with the highest volume approaching $7 billion, indicating growing user engagement and increased liquidity on the platform.

These trends reflect Flitpay’s expanding market presence and the rising adoption of cryptocurrencies among its users.

Flitpay Services

With the table below, you can find out about the trading services that Flitpay Exchange offers:

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.

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 Features

Flitpay offers a range of services beyond simple crypto trading to cater to a broader audience of blockchain enthusiasts.

Flitpay Bonus

Flitpay offers a variety of bonuses and rewards to enhance your cryptocurrency trading experience. Here's an overview of the current promotional programs:

Refer & Earn Program

Flitpay's Refer & Earn program allows you to earn rewards by inviting friends to join the platform.

• Referral Bonus: Earn a 50% commission on the trading fees of every user you refer. This means you receive a portion of the fees your referred friends pay when they trade on Flitpay;
• Scratch Card Rewards: Both you and your referred friend receive a scratch card worth between 50 to 500 FLT tokens upon successful sign-up and KYC completion;
• Unlimited Earnings: There's no cap on how much you can earn. The more active your referrals are, the higher your earnings.

INR Deposit Bonus

Flitpay previously offered a 10% bonus on the first INR deposit:

• Bonus Details: Users received a 10% bonus on their first INR deposit, up to ₹1,000;
• Usage: The bonus could be used on each buy order of any pair traded on Flitpay.

Note: This offer was updated and reduced over time. Please check the Flitpay website for the most current promotions.

Customer Support

One of the biggest disappointments in this Flitpay review is the lack of a live chat feature. The platform only offers support via Telegram, WhatsApp, Email, and Ticket.

• Email: support@flitpay.com
• Telegram: https://t.me/Flitpaysupport
• Flitpay WhatsApp Support
• Ticket System: Through the “Contact Us” page

While the official website doesn’t disclose the support team's working hours, the reply time is 24 - 48 hours.

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

Flitpay Exchange Geo-Restrictions

The company has users from across 133+ countries. However, it can’t provide services to US persons and any country sanctioned by the United States Government (including OFAC), the United Nations Security Council, or the European Union. Flitpay restricted countries:

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

The list is subject to change, so check with the exchange’s support team before registering.

Flitpay Compared to Other Exchanges

Refer to the table below to understand the advantages and disadvantages of trading with Flitpay compared to other exchanges.

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.