Launched on April 7th, 2018, CoinDCX is a cryptocurrency exchange with its offices located in India. Built with user experience and security in mind, CoinDCX claims to provide near-instant fiat to crypto conversions with zero fees. On CoinDCX, users can have single-point access to a diverse suite of crypto-based financial products and services that are backed by security processes and insurance. CoinDCX claims to have the highest number of cryptos listed of exchanges in India.
CoinDCX claims its onboarding process to be one of the fastest in the industry as the completion of the KYC and Bank Account verification process can reportedly be done within 5 minutes. The fees are minimal for trading and crypto withdrawal. The exchange also provides near-instant deposit and withdrawal capabilities.
CoinDCX is backed by investors such as Polychain Capital, Coinbase Ventures, Bain Capital Ventures, and HDR Group, operator of BitMEX.
CoinDCX offers users an integrated suite of products:
- DCXinsta, providing fiat onboarding from Indian Rupees (INR) to crypto
- DCXlend, a decentralized lending service, DCXmargin, with up to 6x leverage trades across more than 250 markets
- DCXfutures, with up to 20x leverage trades on leading digital assets futures.
The products are designed for all types of traders keeping their trading experience, risk tolerance, and trading frequency into consideration. CoinDCX envisions onboarding of 50 million users to cryptocurrency with its #TryCrypto initiative. CoinDCX also has a subsidiary called DCX Learn, an EdTech platform for those who want to learn about cryptocurrency and blockchain.