Cryptocurrency is a digital currency system that does not rely on banks to validate transactions, making it potentially resistant to government meddling.
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.
Sumit Gupta and Neeraj Khandelwal, both IIT-Bombay graduates, founded CoinDCX in March 2018 to create a centralized trading platform.
CoinDCX has amassed over 3.5 million users since its launch, with a daily trading volume of over forty million.
The exchange stated on August 10 that it had secured $90 million (Rs 668 crore) in a Series C investment round.
CoinDCX offers two primary applications: CoinDCX Go (a cryptocurrency investing app) & CoinDCX Pro (a cryptocurrency exchange trading app).
Users must complete the KYC registration procedure for investments over ₹10,000.