In this CoinDCX exchange review, we’ll take a look at how this Indian crypto exchange operates and what it has to offer. CoinDCX allows spot, margin, and futures trading, and is run by a legitimate team, ensuring that the business is legitimate and safe. But is this Indian crypto exchange legal? Here’s a look at how the exchange functions to make sure that it’s worth the investment.
CoinDCX is an Indian crypto exchange
CoinDCX is an Indian crypto exchange. It is a new company that is focused on developing crypto-enabled financial services for a more efficient flow of capital. The company’s diverse product offerings are backed by industry-leading security processes and insurance protection. CoinDCX claims to be India’s most secure cryptocurrency exchange, and it claims to have more than 3.4 million users. However, the company does not claim to be a pioneer in this space.
The company has raised $135 million in a Series D funding round. Its valuation is now over $2 billion, and it plans to double its compliance levels in the second-largest internet market in the world. CoinDCX’s plans are ambitious. It plans to open an Innovation Center in India and triple its talent pool to 1,000 by the end of 2022. The company has also received funding from Kingsway, DraperDragon, and Kindred.
It offers spot trading
Spot trading is a form of cryptocurrency trading that involves exchanging crypto assets immediately, often without a middle-man. With Spot by CoinDCX, you must have an adequate balance of one crypto asset for the exchange. You can exchange INR for BTC in the BTC/INR pair, for example. After your spot exchange, the balance in the other currency is available for exchange again or withdrawal. This method of trading is popular among investors, who prefer this method over other trading options.
The maximum leverage is determined by CoinDCX, and varies from one to five times. Leverage is based on liquidity, volatility, and funds available in the selected token pair. This type of trading allows you to leverage a large amount of capital, allowing you to achieve tremendous profits and losses. CoinDCX partners with HitBTC, Huobi, and Binance, making it possible to use up to ten times leverage to trade on the exchange.
It offers margin trading
If you’re a cryptocurrency trader, you should know that CoinDCX offers margin trading. Leveraged trading is a way to buy and sell cryptocurrencies at higher leverage than your average account. You can use leverage of up to 100 times to make huge returns, but it can also cause you to lose money just as quickly. To learn more about margin trading, read on. This article provides some basics about margin trading.
It supports trading in over 200 different cryptos, including Bitcoin and Ethereum. In addition to these, CoinDCX supports dozens of other digital currencies, including many exotic altcoins. The site has a variety of payment methods and a large community of users. Users can buy tokens starting at Rs 100 and use them to stake their digital assets. Margin trading is available on several platforms, but there is a verification process for higher fiat currencies.
It offers futures trading
The CoinDCX exchange offers futures trading with up to 20x leverage for leading digital assets. It’s currently available by invitation only but will become general access in Q2 2020. The exchange has partnered with market integrity and trade surveillance players to improve its compliance with FATF recommendations. There are some limitations of the current system, however. For example, CoinMarketCap relies on incomplete data from exchanges, and most don’t report accurate figures to public trackers.
The leverage offered in futures trading is determined by the amount of funds available and volatility for the selected token pair. Depending on the leverage, margin orders have their own liquidation price. The maximum loss is the balance locked into the margin order. In case the margin order is unsuccessful, the exchange will automatically place a market sell order. Alternatively, users can place limit orders that have lower leverage levels. This way, they can avoid excessive losses and maximize profits.
0
0
Average Rating