What Is India Bitcoin Exchange?
India Bitcoin Exchange is a real-time trading platform for bitcoin that has been in the market since the year 2014. This bitcoin exchange platform that was founded by Mohit Kalra and Benson Samuel allows users to purchase, sell, or accept bitcoin.
The New Delhi-based organization gives a promise of becoming India’s fastest growing full-time Bitcoin exchange.
How Does India Bitcoin Exchange Work?
India Bitcoin Exchange just operates the same way most cryptocurrencies all over the world operate. The first thing that a user does is to sign up and create a wallet. Before they can be allowed to start their trading using various types of fiat pairs and cryptocurrency, the users must deposit some cash.
There are a variety of ways that a person can sign up to this platform. The first one is signing via Coinsecure.in and choosing to use the Coinsecure Android app that is available free of charge on the Google Play Store.
It is also very imperative to note that India Bitcoin Exchange [Coinsecure] provides just 0.3 percent of exchange trading fees. That seems quite affordable for most users of this great platform. Apart from that, customers are also given an opportunity to purchase and sell bitcoin a particular currency that is not supported on other exchanges, and that is the Indian rupees.
Features of The India Bitcoin Exchange Platform
Here are some of the features and benefits that India Bitcoin Exchange provides to its users all across.
One area that makes this new bitcoin exchange stand out from the rest is its ability to provide automated bitcoin deposits. But all does not end there; it also offers automated bitcoin withdrawals.
The trade fee is very low and affordable compared to other players in this industry. Coinsecure charges just 0.3 percent as the exchange trade fee for its users.
The platform is fully certified, and users can rest assured that everything is protected with the highest and most secure technology security system in the entire system.
Apart from being a member of NASSCOM – The National Association of Software and Services Company, it is also an ISO 9001: 9008 certified company. Coinsecure also goes down in history as the only bitcoin exchange in India that has ever offered REST API. REST API (standing for Representational State Transfer – Application Programming Interface).
This is a special kind of application program interface that applies HTTP requests to obtain, put, post and erases data. Coinsecure is the first platform to provide such a great service in India.
The Trade Engine
This platform is committed to providing real-time, and fastest Bitcoin exchange ever to be witnessed in India and even in other places. It uses its trading engine to be able to achieve this.
Coinsecure applies some of the robust and highly secure technologies to give its users a platform that is not only fast but also very easy to use.
Coinsecure has a special kind of wallet that users can easily use without the need of going through verifications. All that they will be required to create is a special NETKI wallet name and then go ahead to link the address of the bitcoin to their Coinsecure bitcoin wallet. Users can also get this wallet online through various web browsers or from the Google Play Store.
The Cold Storage
As stated earlier, the Coinsecure platform has a special kind of wallet that works best for the safety of the users’ funds.
The wallet comes with a hybrid solution where part of the user’s funds is kept in cold storage, while the remaining is kept at a hot wallet. Those that are stored in the hot wallet can be withdrawn for immediate use at any time.
Transparency Is Key
Coinsecure ensures that all their services and processes are carried out through a transparent process. This is aimed at ensuring that more users join the ever-growing numbers who have trusted the services provided by this bitcoin exchange platform.
The public Bitcoin ledger is available using coinsecure.info for users who want to view it.
Apart from just viewing the blockchain and the public Bitcoin ledger, Coinsecure users can also get more information and description of the Coinsecure platform and technology.
The Series A Project
India Bitcoin Exchange managed to raise about 1.2 million US dollars from a group of investors all across India as part of the company’s Series A project. This fund was carefully utilized to enable this platform reach various international and domestic platforms.
It also enabled the developers to introduce other blockchain innovations like Ethereum into the platform.
This is truly India’s fastest real-time bitcoin trading platform that is surely changing the scopes in this industry.