CoinDCX is a fairly new entrant amongst the list of cryptocurrency exchanges in India and on August 15th they have launched a new service called DCXinsta to enable anyone interested in purchasing cryptocurrencies from India in under 60 seconds.
Peer to Peer crypto purchase in 60 seconds!
You can purchase cryptocurrency from another user using UPI or IMPS as the money gets transferred directly to the crypto-seller when you make a purchase and you get the crypto in your wallet on CoinDCX.
UPI and IMPS based transfers makes it possible to purchase cryptocurrencies at lightning speed on the DCXinsta platform!
CoinDCX currently offers 40 different crypto trading pairs for BTC and ETH on their platform.
You can also purchase upto 50,000 INR without KYC. However, Maximum amount per trade is currently limited to 20,000 INR with a limit of 10 transactions per day.
Soon they will enable selling cryptos via this method as well but at press time it isn't possible just yet. Nevertheless they are now the 7th such cryptocurrency peer to peer exchange in India.
I'm currently hodling my tokens however, I'm very interested in testing their system once they enable sell trades. However, these guys are well known and a reliable service provider in the Indian market.
You can head over https://coindcx.com/ and click on DCXinsta to get you started.
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HOLY MOLY! They by-passed the whole ban thing!!! I seriously need to take a look at their technology and what happens at the back-end. I wonder if this sort of thing could be done world-wide (China, etc).
I am actually leaving for weekend trip now but would be back on Sunday night. I will leave this tab open so I remember to check this out later. Thanks for sharing my man!
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This makes them the fastest! Question is if they can enable crypto sales just as quick or nearly as quick. I expect to see that happen in 2 weeks or so. Will update when that happens. But great for people in India!
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@pankajborah & @pradeepkr34 check this out. Also, thank you Sir @firepower for such an awesome news.
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Yes, now every exchange in india is trying to do the same what localbitcoins have been doing for quite a time now. let's see how it goes here in India.
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in 60 sec. whaoooo
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It really awesome. Peer to Peer crypto purchase in 60 seconds!
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nice post
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This is really mind blowing. I really wonder why zebpay and unocoin have not entered this space yet. What they are afraid of?
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Really great news for Indians,exchange in 60seconds awesome one!
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I was thinking of using wazirx as i wanted to invest some amount in cryptos considering price discount available.. How is this platform fares against it.. Is it too easy to use or wht?
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I'm using coinDcx since beginning and I got is better than WazirX and Bitbns and they have partnership with Binance and Huobi.
Newly launched features is amazing as per review..
Great post for coinDcx and DCXInsta..
Posted using Partiko Android
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Yeah !!!! There you go Thank you so much @firepower :D :D i am gonna signup here
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