🧩 What is CoinDCX?
CoinDCX is an Indian crypto exchange that allows users to:
✔ Buy & Sell Cryptocurrencies
✔ Trade Spot & Futures
✔ Deposit/Withdraw INR
✔ Transfer Crypto to External Wallets
✔ Earn Rewards via Staking (on supported assets)
Supported cryptos include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- Ripple (XRP)
- Polygon (MATIC)
- USDT (Tether) and more.
🛠 Step-by-Step Process to Trade Crypto on CoinDCX
Step 1: Download the CoinDCX App
CoinDCX is available on:
✔ Google Play Store
✔ Apple App Store
After installation, tap “Create Account”.
Step 2: Sign Up and Verify Email
Enter:
✔ Email ID
✔ Password
Confirm via email verification link.
Step 3: Verify Mobile Number
Enter your mobile number and submit the OTP for verification.
Step 4: Complete KYC Verification
KYC is required to trade, deposit, and withdraw funds.
Upload:
📄 PAN Card
📄 Aadhaar / Passport / Driving License
📄 Selfie for identity match
KYC processing generally takes 1–48 hours depending on load.
Step 5: Add INR Funds to CoinDCX
You can deposit INR via:
✔ UPI
✔ Net Banking
✔ IMPS / NEFT
Funds usually reflect instantly (UPI/Net Banking).
Step 6: Buy Your First Crypto
To buy crypto:
- Go to Buy/Sell/Trade
- Select a coin (BTC, ETH, MATIC, etc.)
- Choose Market Order (instant) or Limit Order (custom price)
- Enter the amount
- Tap Buy
Purchased crypto reflects in your Wallet immediately.
Step 7: Sell Crypto Anytime
To sell:
- Select the crypto
- Tap Sell
- Choose Market/Limit
- Confirm the sale
You will receive INR in your CoinDCX wallet after selling.
Step 8: Withdraw INR to Bank
To withdraw INR:
➡ Go to Wallet → INR → Withdraw
Enter bank details & amount.
Processing depends on banking hours and settlement times.
Step 9: Transfer Crypto Externally (Optional)
CoinDCX allows withdrawals to external wallets:
➡ Enter wallet address + network
➡ Confirm via OTP + email link
Always double-check addresses to avoid permanent losses.
💸 CoinDCX Fees & Charges
Common fees include:
✔ Trading Fees (Spot/Futures)
✔ Network fees for crypto withdrawals
✔ Deposit/withdraw fees (varies by method)
Fees differ by coin & network conditions.
⚖ Regulations & Taxes for Crypto in India
✔ Crypto is not banned in India
✔ Crypto is not legal tender like INR
✔ Profits are taxed at 30% on gains
✔ Some transactions attract TDS
✔ Compliance rules may change with future regulations
Always keep transaction history for tax filing.
🧠 Safety Tips for Crypto Trading
✔ Enable 2FA (Two-Factor Authentication)
✔ Don’t invest based on hype/rumors
✔ Store long-term crypto in hardware wallets
✔ Learn basic technical & fundamental analysis
✔ Never share private keys or wallet phrases
✔ Diversify your crypto holdings
📌 Conclusion
CoinDCX provides a simple and compliant way to trade cryptocurrencies in India. With easy KYC, INR support, and multiple trading features, users can start building exposure to crypto assets. However, due to volatility and evolving regulations, traders should stay informed and invest responsibly.
📜 Disclaimer
This blog is for educational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrencies are volatile and regulations in India are evolving. Trading crypto may result in financial loss. Always conduct your own research and consult a qualified financial or legal professional before investing.