Reviewing Indian crypto exchanges – CoinSwitch and CoinDCX
Ever since Bitcoin’s inception, people have been introduced to a new form of money digital money. It gave them the freedom to be the owner of their money and no interference from the central authority like banks and the government. The wave of cryptocurrency has not only impacted western nations but India as well. There are the best Indian crypto exchanges to trade cryptocurrencies. CoinSwitch and CoinDCX are two major examples. Today we are going to review them and will find out what makes them the best crypto trading platform.
Even though there are not many countries that have given legal status to cryptocurrencies, the crypto market is still high, and there are investors around the world that take interest in doing investment in these currencies including BTC, ETH, and more. However, to proceed with investment in a cryptocurrency, it is very essential to search for a genuine platform or an application that can help pick an authentic exchange application.
Now when it comes to choosing the best among the two for example CoinDCX vs CoinSwitch, then it becomes a hard decision for investors and traders. So if you too have been in the same state, then let it brings the need to make you get familiar with both the Indian crypto exchanges. Let’s begin then:
CoinDCX vs CoinSwitch: Which of the Indian crypto exchanges is best?
CoinDCX and CoinSwitch both are the best crypto exchange applications in India. They put prime emphasis on the trusted interface for crypto exchange in the country. If we do the Coinswitch review, it comes with a clean user interface that is best for beginners. Contrary to it CoinDCX is best for pro investors.
For CoinDCX KYC verification you will have to submit some important documents like PAN Card, Aadhaar Card, valid passport, valid Driver’s license, and Voter’s Card. Both applications are acquainted with numerous features that can draw the attention of any investor from India. But CoinSwitch comes as the more simple in usage and navigation.
Fees
Coming to CoinSwitch fees, then for the initial hundred days, no fees are charged for trading. But after it is over, users have to make a payment of CoinSwitch charges of 0.5%. After that, the rate depends on the chosen exchange for the transaction. Coming to CoinDCX, the takers and makers’ fee is 0.1 percent each.
The withdrawal fees are much lesser, around 0.2% of the total withdrawal of Rs 10 flat fee, whichever seems higher. Moreover, the CoinDCX application offers other features including DCXmargin, DCXstake, and DCXfutures that you won’t find in most Indian apps. CoinDCX’s major selling point is it is comprised of more than two hundred cryptocurrencies that are listed on the exchange, as what has been proclaimed on the app.
Ending note
CoinDCX and Coinswitch are both the best Indian crypto exchanges each with its own merits, demerits, and features. You need to read about them in detail and get a clear idea about them before you begin trading for cryptocurrencies in India. At CoinSwitch exchange, you can buy and sell more than 80 coins including the major ones like ADA, LITE, BTC, MATIC, and ETH.
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