Started on April 7th, 2018, CoinDCX is a Singapore-based company that specializes in crypto-enabled financial services. Offering you the simplest yet robust trading environment to trade 200+ coins, 500+ markets, and 150+ coins on leverage at lightning speed.
With major fintech innovations going across the world, DCX is bringing a revolution with its crypto-based products. DCX is not just for the banked or unbanked, DCX aims to build an all-inclusive ecosystem by bringing trust between the trustless. DCX is focused on developing borderless financial services which ensure faster, simpler, and uninterrupted flow of capital.
Through its array of products, DCX is upgrading lives every day.
What is CoinDCX?
CoinDCX is a cryptocurrency exchange based in Singapore, operating since April 2018. Known for its extensive range of supported cryptocurrencies, the platform accommodates over 200 different digital assets, including both major players like Bitcoin and Ethereum, as well as more exotic altcoins.
Unique Selling Points
Diverse Cryptocurrency Support
CoinDCX's key strength lies in its comprehensive support for various cryptocurrencies. While this offers flexibility for traders with specific preferences, it also raises concerns about the potential inclusion of scam coins.
Leveraged Trading
The exchange provides leveraged trading options, allowing users to amplify their positions with a maximum leverage level of 20x. However, it's crucial to note that leveraged trading comes with the potential for significant returns as well as substantial losses.
Trading Features
Trading View
CoinDCX offers a standard trading view on its platform, where users can access price charts, place orders, and view order history for each cryptocurrency.
US Investors
The platform's stance on US investors is unclear, as the Terms and Conditions do not explicitly prohibit their participation. US investors are advised to conduct their own research to determine the permissibility of trading on CoinDCX.
Fee Structure
Trading Fees
CoinDCX charges a 0.20% fee for both takers and makers. While maker fees are below industry averages, taker fees are slightly higher than the benchmark.
Withdrawal Fees
For BTC withdrawals, CoinDCX imposes a fee of 0.0005 BTC per transaction, roughly 6% higher than the industry average as of Q2 2022.
Deposit Methods
In addition to cryptocurrency deposits, CoinDCX allows fiat currency deposits through wire transfer, positioning itself as an "entry-level exchange" for new crypto investors looking to embark on their journey into the crypto world.
What are the trading fees on CoinDCX?
Transaction fee on CoinDCX platforms for users are determined based on the level in which the users lie. Level for all users is being updated every monday based on their last 30 day trading volume (Spot or Futures). CoinDCX charges a 0.20% fee for both takers and makers.
Does CoinDCX offer leverage trading?
The exchange provides leveraged trading options, allowing users to amplify their positions with a maximum leverage level of 20x. However, it's crucial to note that leveraged trading comes with the potential for significant returns as well as substantial losses.
Is CoinDCX safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
