CoinDCX Review – Is CoinDCX legal in India?

If you're in India and thinking of buying Bitcoin or any other cryptocurrency, CoinDCX is probably one of the first apps you'll come across. In this CoinDCX Review, we’ll explain what this app does, whether it’s legal and safe, how to use it, and whether it’s beginner-friendly or not.

What is CoinDCX?

CoinDCX is a crypto app where you can buy and sell cryptocurrencies just like you buy stocks on Zerodha or Groww.

• Launched in 2018
• Headquartered in Mumbai
• Over 1.4 crore users in India
• Let's you trade Bitcoin, Ethereum, Dogecoin, and 200+ coins

Think of CoinDCX like an online shop for crypto; you open the app, choose your coin, and buy it using UPI or bank transfer.

Is CoinDCX Legal in India?

Yes, CoinDCX is legal in India. It is a registered reporting entity with the Financial Intelligence Unit of India (FIU-IND) and follows strict rules under anti-money laundering (AML) and anti-terrorist financing guidelines.

In 2020, the Supreme Court of India lifted the RBI’s ban on crypto trading, which made it legal for exchanges like CoinDCX to operate. Since then, platforms must follow proper rules, especially KYC (Know Your Customer), which CoinDCX strictly follows. So, while crypto is not officially regulated like stocks, trading on CoinDCX is completely legal in India if you follow the tax rules.

How to Log in to CoinDCX?

Here is the Login process for CoinDCX:

1. Open the CoinDCX app.

2. Tap on the Profile icon.

3. Now tap on the Login button.

4. Enter your registered email address and password. Then tap on the continue button.

5. Enter the OTP that will be sent to your registered mobile number.

6. Here you are logging in to your CoinDCX account.

KYC Process on CoinDCX

To use CoinDCX, you must complete KYC (Know Your Customer). This step is required to keep the platform safe and prevent fraud. What you need:

• PAN Card
• Aadhaar Card
• Selfie (clear photo, no filters)

The whole process takes about 10-15 minutes. In most cases, your account is verified within a few hours.

Pros and Cons of CoinDCX

Here are the pros of CoinDCX:

• Offers 200+ cryptocurrencies to buy and sell
• Low trading fees (just 0.1% per trade)
• User-friendly app, easy for beginners
• Follows strict security and compliance rules (KYC, AML, etc.)

Here are the Cons of CoinDCX:

• Customer support can be slow during busy times
• 1% TDS is deducted on most transactions (as per Indian law)
• Limited withdrawal options for some international users.

Conclusion

In conclusion, is CoinDCX legal and safe in India? Yes, CoinDCX is a trusted crypto exchange, used by over 1 crore Indians. It’s legal, beginner-friendly, and follows all the rules like KYC and AML. You can start with as little as ₹100, and the app is as easy as using Paytm.

About the Author

Saniya

I'm a finance content writer with a BBA in FinTech, passionate about simplifying money matters for everyday Indians. I break down complex topics like investments, savings, and digital finance into easy, relatable content. My goal is to help you in a way that’s easy to understand, jargon-free, and actually useful in real life.

View All Articles by Saniya

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