What is Koinex? Is Koinex a trusted site?
- 1 Koinex Registration: How to register on Koinex?
- 2 How to buy your First Coin on Koinex?
- 3 How to sell your coins on Koinex?
- 4 Withdrawals: How to withdraw your money to your bank account?
- 5 Koinex FAQs
- 6 Koinex Fee/Charges
- 7 Koinex Review: What I think of Koinex?
Koinex Registration: How to register on Koinex?
You cannot trade on Koinex without registration or KYC verification. You will need to create a Koinex account and complete KYC verification. You will need to submit Aadhaar Card (both front and back scans), PAN Card (scan), bank details (the account which will link your Koinex account and other personal information.
How to buy your First Coin on Koinex?
How to sell your coins on Koinex?
Now that you've earned some profit and you want to sell a part or all the coins you own, click on the 'Bitcoin' drop-down and enter the number of coins you want to sell. If all, then 0.0322119 in the 'BTC Volume' box and add the rate in the 'Price Per BTC' box. Once a buy order from another user has met with yours, the amount will reflect in your account.
Withdrawals: How to withdraw your money to your bank account?
By clicking on the 'Balance' tab at the top of your page, you can withdraw your funds with ease. Click on the 'New INR Withdrawal Request' link to enter the amount you want to withdraw. The amount will reflect to the bank account you linked with Koinex.
It just takes less than 1 minute for your amount to get deposited to your bank.
Which are the coins that Koinex supports?
Koinex has listed 8 coins. They are BTC, LTC, OMG, ETH, MIOTA, XRP, BCH and GNT. But all these coins are not trading at the moment. MIOTA, OMG, GNT are not tradable.
Is Koinex trustable?
Yes, Koinex is a trusted exchange. I personally have an account with Koinex and I trade on their site.
How to sign up with Koinex?
To get started, sign up for Koinex now- Click here
When you sign up with the above URL, you get 100 INR free.
I am not able to add Koinex as a beneficiary: Any help?
Generally, Citibank users have been facing this issue. Try adding them as a beneficiary from a different bank account.
I am not getting OTP on my mobile What should I do?
If you are not getting the OTP, switch off and switch on your phone. It should work.
How much time does it take for Koinex to deposit the amount in your bank account?
Few seconds. If it is not reflecting, you need to connect with koinex team. Sometimes it takes 2-3 hours too.
Koinex charges (buying)
Rs.0 to Rs.25,00,000 - 0.25 percent
Rs.25,00,001 to Rs. 1,00,00,000 - 0.20 percent
Rs.1,00,00,001 and above - 0.15 percent
Koinex charges (selling)
Till 31st December, selling is free.
Koinex Review: What I think of Koinex?
Well, I have been using Koinex for a very long time. They have an awesome support. Feel free to join their official Telegram channel. The site is easy to use. Currently, they do not have any app and they should think to make one.
I would recommend using Koinex, if you are just getting started. Since you can directly buy altcoins in INR, it makes life easier.
Looking at how quickly they are growing, they might have to upgrade their site and add new features.
Currently, there is hardly any Indian crypto exchange that can compete with Koinex. So, sign up now and get started.
If you have any doubts, feel free to drop a comment and I will be happy to help.