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Home CryptoCurrencies

Colodax.com Cryptocurrency Exchange Review : India’s Most Innovative Cryptocurrency Exchange

Verna by Verna
September 13, 2019
in CryptoCurrencies
Reading Time: 6 mins read
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colodax.com
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About Colodax.com 

Colodax.com founded in 2017 by the team of CrypDates, Colodax is the premier INDIA – based blockchain platform, providing lightning-fast trade execution, dependable digital wallets and industry-leading security practices. The mission is to help advance the blockchain industry by fostering innovation, incubating new and emerging technology, and driving transformative change.

Operating company

Exchange name Colodax.com
Support 24/7
Withdraw Fee 0.0005 BTC
Futures trading Present
Trading fee  0.15%
Deposit  Free
Official site https://colodax.com/#/

How To  Start With Colodax.com

To start trading with Colodax.com Indian residents first have to sign up for an account by following the steps below.

Step 1. Click on the “Login/Signup” link on the top right hand corner of the Colodax.com  website.

Step 2. In the form, fill in your first name, last name, mobile number, email ID and password.

Step 3. If you have a referral code, enter the code while creating your account.

Step 4. Submit the form and wait for an activation email to be sent to you.

Step 5. Click on the “confirm email” link in the activation email.

Step 6. After your account is activated, you’ll be sent a 6 digit one time password (OTP), which you have to enter after logging into your Colodax.com account.

How to get Started

Create an account

To create account,Just sign up with your email address & complete KYC.

Deposit Assets

Colodax.com Deposit INR using Broker to Trader(B2T) or transfer cryptocurrency from external wallet/exchange.

Start Buying & Selling

Start Buying,Selling crypto assets on exchange at price suitable for you.

Fees

Trades 

All trades are charged 0.15%. This is calculated by taking the (amount * purchase price * .0015). Any portion of an order that has not execute, will be refunded fully upon the cancellation of the order.

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Deposits 

Colodax.com There are no fees for deposits. Please be aware that some coins require to move your funds to another address before we credit them. This means the coins network will charge you the normal transaction fee for this send. This is not something they can avoid.

Minimum Deposit

Name Symbol Minimum Deposit
Bitcoin BTC 0.001
Ethereum ETH 0.005
Ripple XRP 0.15
Stellar XLM 0.15
Litecoin LTC 0.011
Bitcoin Cash BCHABC 0.002
Bitcoin Cash SV BCHSV 0.002
0x Protocol ZRX 10
Pundi X NPXS 600
OmiseGo OMG 0.4
TRON TRX 6
Rupee INR 1000

Withdraws 

Colodax.com intention is to not make any profits on withdraws. However, each coin has a network transfer fee that is built into the coin.  This means that we must charge a small amount to cover this fee. Please refer below table for withdrawal fee :

Currency Fees
 Bitcoin  0.0005 BTC
 Ethereum  0.003 ETH
 Ripple  0.1 XRP
 Stellar  0.1 XLM
 Litecoin  0.01 LTC
 Bitcoin Cash  0.001 BCHABC
 TRON  5 TRX
 0x Protocol  3 ZRX
 OmiseGo  0.4 OMG
 Pundi X  600 NPXS
Indian Rupee  0 INR

Fiat Deposit and Withdrawals– Colodax does not charge fees for INR deposits and withdrawals. You will want to check with your bank as they may charge a fee to send IMPS/UPI.

What Makes Colodax Different

Secure Platform

Colodax employs the most reliable, effective security technologies available. They  leverage an elastic, multi-stage wallet strategy to ensure that the majority of funds are kept in cold storage for additional safety. Also, Colodax enables two-factor authentication for all users and provides a host of additional security features to provide multiple layers of protection. At Colodax, security will always be a top priority in every decision they make.

Custom-built trading engine 

Colodax.com custom trading engine was designed to be scalable and to ensure that orders are executed in real-time.

Fast deposits and withdrawals 

Colodax highly efficient and automated monitoring platform allows us to provide users the fastest transactions available today. This includes updates on balance, trade, and wallet information.

Driving Innovation 

To help drive innovation in the blockchain industry, Colodax is committed to supporting both new and established blockchains. Colodax seeks to provide its users with an ever-growing selection of blockchain technologies and digital tokens, and all new digital tokens listed on the trading platform must complete a rigorous review process.

Commitment to compliance 

Colodax.com is committed to complying with all current INDIA regulations that help prevent, detect and remediate unlawful behavior by customers and virtual currency developers when using the Colodax trading platform or any of the company’s other services.

Why COLODAX

Broker To Trade Cryptocurrency

Colodax unique broker-to-trader exchange empowers you to deposit/withdraw INR quickly, once a matching broker is found for your request.

Cold Storage

Colodax.com Cold storage (aka cold wallets) means generating and storing the crypto coin’s private keys in an offline environment, away from the internet.

World Class Support

24/7 live customer support.Over 95% of requests are processed within 24 hours.Fast KYC processing.

24/7 Montoring

Colodax.com systems are constantly monitored through production-grade monitoring technologies for ensuring that everything works smoothly.

Refeund Policy

Once a user has deposited his money into his Colodax account, he/she always has the option to withdraw this money in full or in part. However, once a user has placed a buy order, which has been fully or partially completed, the amount in INR is immediately transferred to the sellers’ account and such transactions cannot be reversed. Colodax, under no circumstance, entertains the refund or cancellation of a successfully fulfilled order. Once the transfer request of cryptocurrency has been initiated, it cannot be cancelled and will be transferred to wallet specified.

Article Disclaimer

The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .

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Verna

Verna

One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.

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