CoinDCX Review – Is CoinDCX legal in India?

CoinDCX is a crypto application where crypto investors and traders can buy and sell coins. It was established in 2018 as CoinDCX, the preferred crypto exchange in India. Over 1.4 crore registered users trust this platform, so here we will discuss the CoinDCX review. 

This application is easy to use, as its interface is user-friendly, and it provides easy access to Web3 experiences and democratizes investment in virtual digital assets. So this platform prioritizes user safety and security and strictly follows the KYC and AML guidelines.

Is CoinDCX Legal in India?

Yes, CoinDCX is legal in India as it is a registered reporting entity with the financial intelligence unit, and it complies with the anti-money laundering and anti-terrorist financing guidelines. 

As RBI and Supreme Court ruling, in 2020, as the Supreme Court of India, which is lifted the RBI, which is a ban on crypto trading, which makes it legal for the exchanges. This platform follows the KYC strictly.

How to Login 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 OTP which will be sent to your registered mobile number.

6. Here you are login to your CoinDCX account.

Pros and Cons of CoinDCX

Here are the pros of CoinDCX:

• Offer a wide range of cryptocurrencies.
• Having low trading fees.
• This platform is easy to use.
• Have high security and compliance measures.

Here are the Cons of CoinDCX:

• Customer support can be slow sometimes.
• 1% TDS on the crypto transactions.
• They have limited withdrawal options for some international users.

Conclusion

In conclusion, this platform is legal and safe for crypto trading, as we already mentioned in our review. CoinDCX offers all the features that are necessary for crypto, such as buying, selling, trading, adding funds, withdrawing funds, adding a bank account, and many more. We hope our blog on CoinDCX Review is helpful because we have provided honey reviews.