Basic Information of CoinDCX
Founded in 2018 by IIT Bombay alumni Sumit Gupta and Neeraj Khandelwal, CoinDCX has become one of India’s most prominent cryptocurrency exchanges. Initially launched to simplify crypto investing for Indian users, it now supports over 500+ crypto assets, caters to around 11 million (1.1 Cr+) registered users, and achieves quarterly trading volumes in excess of ₹100 thousand crore
Over the past few years, India has emerged as one of the fastest-growing markets for cryptocurrencies, with millions of new users entering the digital asset space. At the forefront of this growth is CoinDCX, one of India’s leading cryptocurrency exchanges. Founded in 2018, CoinDCX has rapidly positioned itself as a key player in democratizing access to crypto and blockchain-based services for the Indian population.
CoinDCX stands as the most secure cryptocurrency exchange in India. With its extensive liquidity, robust wallet, and top-notch security, the trading experience is swift, dependable, and seamless. CoinDCX offers a variety of trading options including spot, margin, futures, and fiat-to-crypto trades, creating an all-encompassing ecosystem for every type of trader. Among its offerings are Insta, which allows users to purchase cryptocurrency in INR, Spot for trading across 250+ markets, and Margin for trading with 5X leverage. Additionally, the platform features DCX Learn, a blockchain and cryptocurrency academy designed to provide essential education to empower and equip young minds. In January 2021, CoinDCX introduced the CoinDCX Go app, touted as the simplest crypto investment app.
Origins and Growth of CoinDCX
CoinDCX was founded by Sumit Gupta and Neeraj Khandelwal with a vision to make cryptocurrencies more accessible, user-friendly, and secure for Indian investors. At a time when the Indian regulatory environment around crypto was uncertain, CoinDCX managed to grow by focusing on compliance, education, and offering a wide array of digital assets.
By 2020, the platform had raised funds from notable global investors like Coinbase Ventures, Bain Capital Ventures, and Polychain Capital. This influx of capital enabled the company to expand operations, improve infrastructure, and launch new products to cater to a diverse customer base.
Features and Offer of CoinDCX
CoinDCX offers a comprehensive suite of features that make it one of the most versatile platforms in India’s crypto market:
DCX Insta – This feature allows users to instantly buy over 100 cryptocurrencies with INR using a simple and intuitive interface. It caters especially to beginners who want a quick and easy way to invest in crypto without dealing with complex trading tools.
DCX Trade – Aimed at more experienced traders, this offers advanced charting tools, spot trading, and a wide variety of crypto pairs. Liquidity, speed, and reliability are key strengths here.
Earn with Crypto – CoinDCX allows users to earn passive income on their crypto holdings through staking, lending, and DeFi products. This helps long-term holders make the most of their assets.
How to Use Coindcx
To get started with CoinDCX, you need to create an account and go through the KYC (Know Your Customer) verification process for security purposes. Once that’s done, you can deposit INR into your CoinDCX wallet using various methods. After funding your account, you can choose the cryptocurrency you wish to purchase and confirm the transaction.
Detailed Steps:
- Account Creation and KYC:
Download the CoinDCX app or head to their website.
Sign up for a new account by using your email and setting a password.
Complete the KYC verification by providing the required personal information and documents. - Funding Your Wallet:
Navigate to the “Funds” or “Wallet” section.
Select your preferred deposit method (like bank transfer or UPI).
Follow the instructions to deposit INR into your CoinDCX INR wallet. - Buying Cryptocurrency:
Find the cryptocurrency you want to buy (such as Bitcoin or Ethereum).
Choose the “Buy” or “Trade” option.
Input the amount you wish to purchase.
Check the transaction details and confirm your purchase. - Withdrawing Funds (Optional):
Go to the “Funds” or “Wallet” section.
Select the cryptocurrency or INR you want to withdraw.
Pick your withdrawal method (like bank transfer or crypto wallet).
Follow the instructions to start the withdrawal process.
Download CoinDCX App on Playstore
Download the CoinDCX App on Play Store to start your crypto investment journey today. With a user-friendly interface, secure KYC, and over 80 cryptocurrencies to choose from, CoinDCX makes crypto trading simple and accessible. Invest with as little as ₹100—safe, fast, and perfect for beginners.
DOWNLOAD CoinDCX App on Playstore
- Additional Tips:
- CoinDCX provides both a light and pro version of their app.
- You can also check out features like staking and futures trading on CoinDCX.
- For those new to the platform, it’s advisable to start with smaller amounts and gradually increase your investments as you get more comfortable.
- CoinDCX has educational resources and tutorials available to assist users in understanding the platform and cryptocurrency trading.
- Always keep your API keys and secret keys safe and secure.
- Be mindful of the risks involved in cryptocurrency trading, particularly with unregulated products like NFTs.