What Is Koinex?
Koinex is the most advanced exchange in India. It is the first Indian exchange that supports multiple digital currencies on one platform. The exchange was built from scratch with the aim of bringing back the magic of the blockchain back to India. The bitcoin was introduced to the world in 2009. Since its inception, there have been over a thousand digital tokens created. However, Indians have mainly stayed outside of this world of digital currencies. They have not been able to take full advantage of the benefits that the blockchain has to offer. The founders of Koinex aim to help bridge the gap between India and the rest of the world.
The Koinex exchange has been built using innovative technology. It comes with a proprietary trading engine, a wallet, and platform architectures. Besides that, it comes with high-grade security, a great user interface, and various features that have been demanded by users. This exchange has been designed to perfection, to ensure that it meets all the trading of crypto traders from India and the rest of the world.
Getting Started With Koinex India's Multi-Asset Crypto Exchange
Getting started with the Koinex exchange is quite easy. After creating your account, you will need to fill out the KYC section. To do this, you will only need to submit an official government document such as a passport, PAN card, driving license, or another document that is authenticated by the government. After completing the KYC section, you will need to link to an official bank account. If you own multiple accounts, you need to be careful. You can only use one account to make deposits and withdrawals. Thus, choose carefully.
Once you create an account, the exchange will create a unique bank deposit account where you can add your bank account as the payee. The details of this account are going to be found in the ‘Balance’ tab. Once the KYC verification is done, you can begin to deposit funds. After you deposit funds, the exchange will add the money to your account in about five minutes. Once the account is credited with funds, you can start trading.
Besides that, you can deposit funds using Airtel Money, PayUMoney, PayZapp, and many others that are allowed to operate in India. Using a payment gateway to deposit funds will come with a 2 percent fee.
With the rising popularity of the crypto in India, the volumes of trades on this exchange have been rising steadily. Even with this growing demand, the exchange has been performing quite well. It has not had any issues and trades are always fulfilled as expected.
The exchange supports all the major digital currencies. Besides that, it is always adding new coins. Thus, do not be surprised if you see a new coin added to the exchange daily. The main reason why they did not add all the coins at once is to ensure that they undergo a vetting process. This way, they will not be exposing their users to a fraudulent coin.