About Indacoin
Indacoin is a UK-based cryptocurrency exchange with a fiat on-ramp solution that lets you purchase over 100 different coins with Visa and Mastercard. The platform is regulated in the United Kingdom by the Financial Conduct Authority (FCA) and has been operating since 2014, making them a veteran trading platform in Trading Browser terms.
The operating company of Indacoin is called Indacoin LTD and has the main office registered at Suite 4B, 43 Berkley Square Mayfair, London, W1J 5FJ, Great Britain. Indacoin is a very user-friendly crypto exchange where no account registration is needed to purchase cryptocurrencies with a bank card. However, get ready to verify your identity through their KYC process when buying coins with fiat.
Why use Indacoin
The Indacoin exchange is best suited for investors who are looking to purchase coins with a bank card or exchange from crypto-to-crypto with ease. The platform is aimed at beginners due to the user-friendly interface but seasoned crypto investors will find it very useful thanks to the great reputation and the selection of altcoins.
On Indacoin you can buy coins with full transparency. Yes, there are fees but they are always displayed before you complete the transaction. This gives you full control over how much you are spending when investing in cryptocurrencies. Indacoin also has a mobile app where you can buy crypto just as seamlessly as on the desktop web version. Indacoin suits both small and large investors thanks to very generous limits.
Trading on Indacoin
When trading on Indacoin you are able to swap between coins, crypto-to-crypto. You cannot send coins to the platform directly but when you purchase any digital asset it is immediately tradable with any other coin on the platform. This comes in very handy for investors who want to handle all their transactions on one trusted platform. Buy BTC for example and trade it for several other altcoins with a bigger upside growth potential.
Indacoin does not offer a trading interface for day traders and there we consider this exchange to be best used by medium to longer-term investors who are interested in picking the right coin after analyzing the team, white paper, and technicals. Indacoin also has a very fast transaction processing time which makes it great for eager traders that just found a new cheap cryptocurrency on the market and can’t wait to buy it.
If you don’t have a crypto wallet address, Indacoin will help you out by providing a brand new address.
Payment methods and limits
Today, Indacoin offers fiat payments through VISA and Mastercard. The minimum deposit is $10, there is no minimum withdrawal, and the maximum withdrawal limit is very high and depends on the coin you would like to withdraw.
Indacoin does not offer fiat withdrawals as of yet.
Indacoin category rating
Things we don’t like
I would like to see a fiat account and also the option to exchange crypto for fiat with a fiat withdrawal system. This combined with the FCA regulation would be a great hub for many traders to funnel fiat in and out of the blockchain system.
Set aside this minor pitfall we consider Indacoin to be an excellent place to invest in cryptocurrency projects and we highly recommend all our investors and traders to give it a try!
