Home CryptoCurrencies Cryptocurrency Exchange Review : India's Most Advanced Digital Assets Exchange Cryptocurrency Exchange Review : India’s Most Advanced Digital Assets Exchange



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About is India’s most advanced digital assets exchange. It’s the first complete exchange supporting multiple cryptocurrencies/ tokens on a single platform. Built entirely from scratch, Koinex is aimed at bringing the magic of blockchain technology to India.
Bitcoin – the world’s first cryptocurrency – was introduced in 2009 and since then over 1000 tradable tokens have come into existence. However, for a long time India missed out on the tremendous opportunity that the rest of the world had been enjoying. And Koinex has been built to bridge that gap. has been built over cutting edge technology. Proprietary trading engine, wallet and platform architectures, grade A security, user-centric UI/UX, and tons of user-demanded features are some of the things which define Koinex. It’s being carved to perfection, one day at a time, all with your constant love and support.

Operating company

Exchange nameKoinex
Operating companyKoinex. 
Number of currencies handledOver 38 types
Futures tradingPresent
Transaction fee0.15%
Social Media
Official site

How To  Start With

To start trading with, 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 CoinDCX 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 Koinex account

Registration or KYC Verification

No, you cannot trade on Koinex without registration or KYC verification. You will need to create a Koinex account and complete KYC verification by providing all relevant information to begin trading. Please go through the tutorial on setting up your Koinex account

How to buy/sell cryptocurrencies on Koinex

1. Select the particular cryptocurrency you wish to Buy/Sell

2. Click on the Buy/Sell option.

3. Enter the Quantity you wish to Buy/Sell and the price per unit you are willing to Buy/Sell it at.

4. Now click the Buy/Sell option to enter your order in the open order book.

Benefits at Koinex

Flexible work hours

No one ever asks you to work overtime or checks if you show up late in the morning. They just do whatever is needed to get the work done.

Regular team outings

We believe in the mantra “recharge, relax, reflect”. After a fruitful toil, we travel in bands all around India and abroad.

Regular business engagement

The team actively attends major developer and business conferences around the country to get first-hand industry updates.

Koinex Kitchen

Every month, your Koinex Kitchen wallet is credited with 500 credits, which you can use to order from our pantry.

Why Koinex

Koiners Community

They are a community of 60 engineers, designers, and entrepreneurs from top Engineering colleges from across the country.

Exponential Growth

In one year, our exchange crossed $7 billion trade volume with peak trade volumes reaching $260 million per day.

Biggest Exchange in India

As of December 2017, we had 95% market share in India. They are the first exchange to introduce open order book trading platform with multiple coins.

Cutting edge technology

MongoDB and Cloudflare each conducted a case study on how gnused their respective technologies to reduce the latency, maintain uptime and improve upon our development time.

Trading Rule Of

Koinex operates an open order book trading platform which settles trades in a variety of Digital Assets and INR currency trading pairs. Each user has access to all the trading pairs available on the platform.

Limit Orders

  • A Limit Order is an Order to buy or sell a specified quantity of an Asset at a specified price.
  • A Limit Order will only ever Fill at the specified price or a better price.
  • A Limit Order will be immediately posted to the Order Book and can result in a Maker Order or a Taker Order, or an Order that is partially a Maker Order and partially a Taker Order.


  • A Trader can place an order in the order book with certain prerequisites. They must have an Available Balance of the relevant Asset in their Account which is sufficient to cover the total value of the Order plus any applicable fees.
  • After placing an order, it is considered an open order and the amount of the relevant digital asset becomes subject to a hold. This amount cannot be accessed for withdrawal unless the order is cancelled.
  • A Trader may cancel an open order at any time before it is fully filled. No fees are charged for cancelled Orders.
  • A Trader can Buy or Sell a specified quantity of an Asset at the best available price of existing orders on the order book.
  • There is no guarantee that an Order will fill fully or partially at the price specified. A Market Order may fill fully or partially, based on the quantity of the Order and the quantities of the existing Orders on the Order Book at the time.
  • A valid order will be immediately posted to the order book.
  • A trader can have at the most 8 open orders simultaneously in each market. E.g. 8 open orders each in Bitcoin, Ethereum, Ripple and Litecoin markets. So in total 32 open orders.
  • In a particular market, a trader cannot place a buy order and a sell order at the same price per asset. E.g If a trader places a buy order for 1 Bitcoin at Rs.200,000. They cannot place a sell order of any number of Bitcoins at Rs. 200,000.

Posting of Orders on the Order Book

Sell Order
If an order is placed to the order book to sell Bitcoins, Ethereum, Ripple, Litecoin or Bitcoin Cash for INR, it is a Sell order. Sell orders bring liquidity to the market.
Buy Order
If an order is placed to the order book to buy Bitcoins, Ethereum, Ripple, Litecoin or Bitcoin Cash with INR, it is a buy order. buy orders take liquidity away from the market.

Trading Fees

Koinex charges a fee for each Sell or Buy Orders posted to the open order book. The fee is shown before order confirmation and is calculated as a percentage of the order quantity.
The fee is charged by debiting the amount of INR on top of the asset value for Buy orders. The fee is debited from the INR value that a trader will get by placing a Sell order.
The current fee structure can be found at All traders pay the same trading fees. Associate Partners have zero seller Fees subject to conditions in the contract.


MarketSeller FeesBuyer Fees

Market Integrity

All Trades are Final. All Filled orders are final and will not be reversed unless:
  • a. Koinex is compelled to do so by any applicable law or regulation; or
  • b. Due to a serious technical error, Orders or Fills do not occur as specified in these Rules – in which case Koinex will make all reasonable efforts to restore all Traders to the position they would have been in had the error not occurred.

World-class features Koinex The Best Place to trade Digital Assets

Multi-Crypto Exchange

The flexibility to trade in INR and TUSD markets. With support for 32 types of digital assets, offering 40+ trading pairs.

Seamless Trading

The transparency of open-order book and stability via stop-limit orders during fluctuating markets.

Fiat Corridors

The mechanisms for P2P INR deposits and withdrawals combined with the ease of Loop – a platform for P2P INR trades.

The Most Secure Digital Asset Platform

Secure Storage

Storage of majority of the digital assets in an offline safe vault.

Third-party Audits

Regular audits by reputed firms to assure transparency and compliance.


Layers of protection such as 2-FA, email confirmations and automated alerts.

Koinex Referral

Program Details:
1. Share your unique referral link with your friends via email, direct message, social media, blog, Youtube etc.
2. Once they sign up, verify their account and perform the first trade on Koinex, you get INR 100 cash reward * into your wallet.
3. Your friends also get INR 50 cash reward *
* Rewards will be credited within a period of 24 Hrs after first successful trade.



How does it secure my Koinex account

2-factor authentication (2FA) is an additional step to add more security to your Koinex account. Using an OTP, you will be able to ensure that all important account activity is always authorised.

Poweful Koinex Team

The team behind Koinex are people just like you. They are a bunch of technologists and product designers who share the same love and passion for blockchain technology and cryptocurrencies as you. They have been traders ourselves, and we are working to solve the pain known to all of us, one step at a time.

It is vision to make India a hotbed of blockchain technology development and adoption. They assure you that the coming future is going to be delightful and full of surprises, as they strive to improve Koinex, build more trading tools, develop more blockchain products, and create a holistic cryptocurrency trading ecosystem.

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#NameVolume (24H)CoinsTrading PairsAlexa RankBitcoin PriceOfficial Website
One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 4100+ 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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