To be very frank with you, I must say that Koinex stands apart among Indian Crypto Exchanges. Koinex Exchange not only gives starters and experts a good trading experience but also provides ease of INR (Indian Rupee) transfer from and to their bank accounts.
Personally I came across the Koinex Exchange in very needy times. Actually, I had invested in Plex Coin in August 2017. In November when I sold my Plex Coins on Cryptopia Exchange in BTC, I was in need of hard cash at that time. It was a small amount and I was confused what to do. As we know that Cryptopia Exchange is New Zealand based and they will not transfer amount to my Indian Bank Account (As per my Knowledge). So, I converted my BTC to ETH and then transferred those ETH to Koinex Exchange of India. And from Koinex Exchange it was easy to transfer to my personal Bank account.
Today, I will discuss about Koinex Exchange with you. it’s becoming very popular among crypto traders and Alt Coin holders.
Even after this blog if you find it difficult to operate on this platform, do seek help at our social channel of Altdecrypt: telegram and Whatsapp groups.
First of all we will see what Koinex Exchange says about itself socially.
Registration is quiet simple. With fewer details and email verification you can register. Mobile verification is done by OTP and it has SMS or 2FA authentication system. It depends on you how you feel comfortable and at ease with them.
Koinex Exchange has video tutorials available on their website for registration purpose. You can see and if you have any doubts you can ask us also, in our social groups.
As, Koinex Exchange is Indian and obviously they will verify you with PAN Card, Aadhaar Card or any other government ID. You just have to scan and submit your documents. That is all you have to do. You will be notified once verification is over. And then you can buy or sell Bitcoin and Alt coins here.
See friends, many a times I might have told you that security features works only when you are in control of them. SMS authentication or 2FA google authentication is very safe unless and untill you share your mobile or barcode with someone else. And that possibly you won’t do.
As of now I can see only 4 Alt Coins available at Koinex Exchange. Apart from BTC they have ETH, BCH, XRP and LTC. May be in coming times, they will add atleast 10 more AltCoins.
We dont have much option of Indian Exchange with Altcoins and that too a good exchange. So Koinex Exchange provide you a change to invest or trade in these Altcoins.
If you are going to compare Koinex Exchange fees structure with International Exchanges, then better avoid it. It might come to your mind that you should buy, sell or trade in crypto in other exchanges, but, let me remind you that Koinex is the medium through which you can have real cash in your bank accounts.
And fees is quiet nominal. Also, they are running some promotional offer I think, under which no selling fees till 31st December 2017. Kindly check with them for further details.
Support system is quiet slow. Some particular timings they have. 10 Am till 8 Pm you can raise ticket for solution of your problem or queries. We miss a good calling or chat experience here.
Bounty and Bonus
Not that fruitful reward system they have but time to time, they have discounts on buying and selling transaction fees.
I did not came across and such link from where I can download mobile (Android or iOS) app. If you know, do let me know about that also.
Ease of D / W
Unless and untill there is some technical glitch or maintenance going on, you will see that deposits and withdrawals are fast here. And deposit of INR Fiat is time based.
Taking INR back to your bank accounts need T+1 Settlement date.
Socially they are not very social and that is my personal view. They are there on Facebook, Medium, LinkedIn and Twitter. And how active they are there, you can find out yourself.
*** Overall repost says that Koinex Exchange is best Indian Crypto Exchange with good coin options and price.
Disclaimer: We are not responsible for anything related to KOINEX Exchange and your interpretation of this article.
Registration Process10.0 /10
Account Verification10.0 /10
Security Measures10.0 /10
AltCoins Availability5.0 /10
Transaction Fees6.5 /10
Support System8.0 /10
Bounty and Bonus6.0 /10
Mobile App4.0 /10
Ease of D / W10.0 /10
Social Presence7.0 /10
- Pure Indian Exchange
- Easy Money Transfer
- Netbanking Option Available
- 5 Major Coins Available
- Good Pricing
- Fast Processing of Funds
- 7 Days Verification
- Less Social Presence
- Missing Coins Like IOTA, BTG etc