Trading Bitcoin made easy with Koinex

Koinex is one platform which let you buy cryptocurrencies other than Bitcoin against INR. This is the platform, I like the most. It shows you the market depth i.e. Seller’s ask prices and Buyer’s bid prices. Its one platform in India which has so many active users.

What is Koinex?

Koinex is an Indian cryptocurrency exchange. It is a peer-to-peer Koinex platform which let you trade using INR. Like many share market exchanges, It shows market depth and is very interactive.

Why to Use Koinex?

Since there are various cryptocurrency exchange in India, either Indian or Foreign exchanges, question arises that why should you use Koinex?

As mentioned earlier, it only Indian platform which is peer-to-peer. Price of currency here solely depends on buyer and seller. You can directly buy Bitcoin using INR on koinex.

One service of Koinex which makes it necessary to use is that it let user trade other cryptocurrencies like Ethereum, Ripple, Litecoin and Bitcoin Cash using INR. This is a peculiar service in India and in the world which let user trade altcoins using Fiats.

Benefits of Using Koinex?

Now that you have read till here, you already know one benefit of using koinex that it is providing service for cryptocurrencies other than Bitcoin. Lets talk about other benefits of koinex.

• KYC takes few hours
• Option for other cryptocurrencies
• Trade using INR
• Lowest trade fee of 0.25% in buy order and no trade fee in sell orders.
• INR deposit and withdrawal takes very less time.

How to get started?

• Go on koinex
• Fill all the required details as shown
  • First Name
  • Last Name
  • Email id
  • Desired Password
  • Contact number
  • Hit Enter
  • As soon as you hit enter, you will receive an OTP, fill that as well in the corresponding column.
  • Hit Submit

• You will see the following page

• Verify your email through the link sent to your registered email id
• Set a recovery password for future reference
• Go to Profile, you will see page shown below
• Upload your valid PAN card, Adhaar Card and a Photograph
• Scroll down and you will see page shown below
• Fill the details and save
• Hit Proceed, which is on top corner of the page
• It will take few hours to verify your KYC

As soon as Your KYC is done. You can transfer money in your Koinex INR wallet. Also you can use Koinex as your supported cryptocurrency wallet to hold Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash.

Step by step guide, how to buy BTC and other cryptocurrencies using Koinex?

Now that you are done with initial yet necessary process to buy Bitcoin and other cryptocurrencies. let us understand, How to Buy/Sell using INR on Koinex?

As soon as you are logged into your Koinex account, you will see following window

Now you need to add money in you INR wallet on Koinex. Click on Balances as shown, you will see window as shown

1. Transfer desired INR amount into Koinex account mention.
2. Transferred amount will be reflected in your Koinex INR wallet in few hours (In case of IMPS, within 30 minutes)
3. As soon as your INR deposit is processed and reflected in you INR wallet, you can place order to buy/sell cryptocurrencies.

Note : Minimum of INR 2000 must be deposited otherwise Koinex will reject that deposit request

Steps to buy Ethereum are explained here, These are the common steps to be followed to buy other cryptocurrencies as well. You can select desired cryptocurrency from the drop down as shown

1. Fill in the volume you want buy
2. Fill the price at which you want to buy. You can bid for any price but if you want to buy instantly, bid for lowest Ask price)
3. Hit Buy
4. As soon as you press Buy button, you will see window as shown
5. Press Confirm and your order will be placed
6. You can see your open order as shown
7. As soon as some seller will ask for the price you entered (e.g. 20000), your order will execute.
8. Same way, you can sell Bitcoin and other cryptocurrencies on Koinex.