Cryptocurrency is a digital currency system that does not rely on banks to validate transactions, making it potentially resistant to government meddling. Many cryptocurrencies are decentralized networks built on blockchain technology, which depends on distributed ledgers enforced by a varied network of computers rather than actual money that can be carried about and exchanged in the real world.
Cryptocurrency is not something you can purchase through a bank or any currency exchange agency. As a result, you will need a crypto exchange platform to acquire and store bitcoins or any other cryptocurrency you want to buy. A crypto trading platform, which consists of tools and technology crypto traders wish to, allows you to buy, sell, and trade cryptocurrencies.
CoinDCX - India's First Crypto-Exchange Startup Unicorn
Sumit Gupta and Neeraj Khandelwal, both IIT-Bombay graduates, founded CoinDCX in March 2018 to create a centralized trading platform. CoinDCX has become the first Indian crypto exchange to achieve unicorn status.
CoinDCX has amassed over 3.5 million users since its launch, with a daily trading volume of over forty million. Around 75 percent of the total investor base is between the ages of 20 and 34. Over the next five years, CoinDCX hopes to grow its user base to 50 million from 3.5 million, focusing on educating people about crypto and blockchain.
The exchange stated on August 10 that it had secured $90 million (Rs 668 crore) in a Series C investment round. It was led by B Capital Group, created by Eduardo Saverin, a co-founder of Facebook. Coinbase Ventures, Polychain Capital, Block. One and Jump Capital were among the returning investors, valuing the company at $1.1 billion, making it India's newest tech unicorn enterprise.
CoinDCX Apps and Features
CoinDCX offers two primary applications: CoinDCX Go (a cryptocurrency investing app) and CoinDCX Pro (a cryptocurrency exchange trading app). The app has the following features:
- Simple and safe deposit and withdrawal of INR funds with zero fees.
- Quick cryptocurrency calculator to convert cryptocurrencies such as BTC to INR and vice versa.
- For new cryptocurrency investors, an interactive user interface is available.
- Simple bitcoin app to buy cryptocurrency in India.
- You may invest in cryptocurrencies with as little as ₹100.
Get Started With CoinDCX
Following these three steps to get started with CoinDCX:
- Create an account by signing up using your email and phone number.
- Deposit funds into your CoinDCX investment wallet.
- Begin investing in cryptocurrency by purchasing and selling a wide range of top coins at the best possible pricing.
Users must complete the KYC registration procedure for investments over ₹10,000.
Conclusion
India's demand for cryptocurrencies and digital assets is skyrocketing, but only a few platforms can deliver the efficiency, security, and compliance that investors have grown to expect. The startup unicorn CoinDCX is India's safest cryptocurrency exchange, with enormous liquidity, a strong wallet, and unbreakable security that makes trading quick, easy, and secure.
References
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