CoinDCX review
CoinDCX is the default Indian exchange and the one with the most instructive recent history. It is registered with the Financial Intelligence Unit India as a reporting entity, which is the registration that decides who can legally serve Indian buyers.
Trading costs 0.2 percent, and UPI deposits are free, which matters because UPI is how India pays for everything. On top of that sits the 1 percent tax deducted at source that applies to nearly every Indian crypto trade regardless of platform, so budget for 1.2 percent all-in before you have gained anything.
In July 2025 an attacker compromised an internal account used for liquidity operations and took 44 million dollars. Customer assets in cold storage were untouched, and CoinDCX absorbed the entire loss from its own treasury rather than socialising it, roughly three to four months of company revenue. Investigators later traced the entry point to malware on a staff laptop delivered through a fake freelance job offer.
How you read that is a judgement call. A platform that loses 44 million dollars had a real security failure; a platform that covers it in full from its own balance sheet behaved the way a custodian should when it does. Withdrawals to your own wallet are supported once you clear enhanced due diligence.
- Founded
- 2018
- Headquarters
- Mumbai, India
- Fees
- 0.2 percent per trade with free UPI deposits, on top of the 1 percent tax deducted at source that applies to nearly every Indian crypto trade.
- KYC
- Required
- Payment methods
- IMPS, NEFT, UPI
- Status
- Operating
How you can pay on CoinDCX
Every deposit rail CoinDCX supports in at least one market.
As published by CoinDCX: UPI, IMPS, NEFT.
Pros and cons
What works
- Registered with the Financial Intelligence Unit India, the registration that governs who may lawfully serve Indian buyers
- Free UPI deposits, the rail practically every Indian payment already uses
- Absorbed the full 44 million dollar loss from its 2025 breach out of company treasury rather than customer balances
- India's largest exchange by volume, so local order books are the deepest available
What to watch
- Suffered a 44 million dollar breach in July 2025 through a compromised internal liquidity account
- The 0.2 percent trading fee is above what the cheapest Indian platforms charge on their pro tiers
- Crypto withdrawal requires enhanced due diligence on top of standard KYC, which adds a step before self-custody
Fees in detail
- maker
- 0.2 percent
- taker
- 0.2 percent
- spread note
- The 1 percent TDS is deducted separately under Indian tax law and is not a platform fee, but it is part of what a trade actually costs you.
- deposit note
- UPI deposits are free, as are IMPS and NEFT bank transfers.
- withdrawal note
- Crypto withdrawals to an external wallet are supported once you have completed KYC and enhanced due diligence.
Where we recommend CoinDCX
Countries where CoinDCX ranks in our local guide. Availability beyond these is possible but unverified by us.
IndiaFrequently asked questions
Was CoinDCX hacked, and did customers lose money?
It was, in July 2025, for 44 million dollars, through an internal account used for liquidity operations. Customer assets held in cold storage were not affected, and CoinDCX covered the entire loss from its own treasury rather than passing it on.
What does it actually cost to buy bitcoin on CoinDCX?
0.2 percent to the platform, plus the 1 percent tax deducted at source that Indian law applies to nearly every crypto trade. UPI deposits are free, so budget roughly 1.2 percent all-in.
Can I withdraw bitcoin to my own wallet?
Yes, once you have completed KYC and enhanced due diligence. Note that the separate CoinDCX Web3 product does not support withdrawals to external wallets, so use the main platform if self-custody matters to you.
Is CoinDCX registered in India?
Yes. It is registered with the Financial Intelligence Unit India as a reporting entity under the Prevention of Money Laundering Act, which is the compliance perimeter Indian platforms operate inside.