Published 16:42 IST, May 21st 2021
Binance vs CoinDCX; Which is the crypto exchange for cryptocurrency investors?
The cryptocurrency industry has blown in India in the past year. In this article, we will compare two crypto exchanges, Binance vs CoinDCX. Read on to know more
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In past few months, cryptocurrencies have become a mainstream investment and tring option, me possible due to easy access people have to buy cryptocurrencies, thanks to crypto exchanges such as Binance, WazirX, CoinDCX and many more. Many newcomers into crypto space are often confused as to which crypto exchange y should be using. In this article, we will be comparing two crypto exchanges, Binance vs CoinDCX and help potential investors decide which exchange is better suited for ir needs. Re on for more details on Binance vs CoinDCX.
Binance vs CoinDCX
Binance vs CoinDCX Binance is an internationally acclaimed crypto exchange that provides cryptocurrency exchange services to more than 180 countries around world. CoinDCX is a crypto exchange that was formed in 2018 in Mumbai, but it has a lot of features that Indian investors might find attractive. Moreover, Binance is aimed more towards crypto experts who know what y are doing, so Binance has a lot of vanced features that are useful to pros, but make it simply harder to use for newcomers. In comparison, CoinDCX is fairly easier to use and navigate
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Binance Fees vs CoinDCX Fees
Binance Fees is fixed at 0.1 per cent, which is one of lowest fees in industry. As for withdrawals, Binance charges a minimum of $10 fees, with 3.5 per cent ditional withdrawal fees. Binance also has its own coin crypto called Binance Coin, which is one of most valuable crypto coins in world. However, withdrawal fees that Binance charges may be a t expensive for Indian consumers.
In this aspect, CoinDCX offers almost same fees. CoinDCX charges a 0.1 per cent takers fee and 0.1 per cent makers fee. withdrawal fees are much lower, about 0.2 per cent of total withdrawal of Rs 10 flat fee, whichever is higher. Moreover, CoinDCX app provides many or features such as DCXmargin, DCXfutures and DCXstake which are not available in most Indian apps. main selling point for CoinDCX is fact that it has more than 200 cryptos listed on exchange, as y proclaim on ir app.
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Binance Review vs CoinDCX Review
reviews for CoinDCX have been fairly positive on PlayStore, but many people have complained about ir funds not being transferred or problems in tring during peak tring times. Binance also has fairly positive reviews but some people have complained about ir slow customer service. It should be noted that Indian crypto exchanges have been facing problems with Indian banks as many banks are refusing services to exchanges
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DISCLAIMER: information provided on this website is for educational and entertainment purposes. information provided on this websites does not constitute investment vice, financial vice or tring vice. Republic World does not recommend purchasing any cryptocurrency. Crypto markets are highly volatile and crypto investments are risky. Reers should do ir own research on cryptocurrencies and consult ir financial viser before making any crypto investments.
IMAGE: COINDCX AND BINANCE TWITTER
16:42 IST, May 21st 2021