ETHEXIndia
- Overview
- Security
- User Experience
Volume 24H: ETH 446/24h
ETHEXIndia allows trading between INR (Indian Rupee) and Ethereum tokens, and users are encouraged to join in order to 'be part of Web 3.0' and avoid downtimes, censorship, fraud, or third party interference. The service seems professional, but it is still in beta and there have been complaints of slow user verifications. Sign-ups are temporarily suspended due to a sudden surge in registrations.
ETHEXIndia should be quite easy to use for users of all levels, including beginners. The website design is professional but it is still in beta, so changes may occur in the future. It would be a good choice for users who want to make some quick transactions, but their reputation is not solid enough to be used for long-term savings, which should be moved to a more secure wallet.
Crypto Currencies Support
- ETH
Traditional Currency Support
Language Support
- English
Country Support
- India
Platforms Systems
- — Web Interface
Stock Market Options
ETHEXIndia claims to have 'bulletproof security' and to store the Ether tokens offline. There have not been any major security breaches in the past, but users need to keep in mind that the website is still in beta mode. However, the company claims that any issues with the front-end will not affect the system behind it as they are kept separate.
Summary:
| 2 Factor Authentication | No |
| Funds Insured | Funds Are Not Insured |
| Private Keys Stored On | Exchange Platform |
| Storage Type | They Claim To Hold User Funds In Cold Storage But Are Not Specific About It |
The company behind ETHEXIndia is S Capital Solutions, which was incorporated in 2013 in India and is also behind BTCXIndia, India's first crypto exchange. The company claims to be passionate about the security, transparency and independence of cryptocurrency. They also offer consulting and other services related to Blockchain technology.
Summary:
ETHEXIndia is a relatively new exchange platform that still has some issues, such as very slow processing of customer verification that can take months. Ethereum trading volumes are low in India, so customers might have more success with an international exchange. For now the platform can't keep up with demand so they have stopped new registrations, but the service might improve in the future.
| Ease of use | Intuitive |
| Transaction Fees | 0.8% + |
| Deposit/Withdrawal Fee | It's Free (fees May Be Hidden) |
| Deposit/Withdrawal Fee For Bank Transfer | It's Free (fees May Be Hidden) |
| Deposit/Withdrawal Fee For Credit Card | N/A |
| Deposit/Withdrawal Fee Charged For 3rd party Payments | It's Free (fees May Be Hidden) |
| Anonymous Trading | No |
Deposit/Withdrawal Options:
Deposit from bank account, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds through a third party
Functionality:
ETHEXIndia offers the basic functions of a cryptocurrency trading platform, and the only trading pair is INR-ETH. They have temporarily suspended sign-ups due to a significant surge in registrations, therefore new users will have to wait before using the platform. Due to relatively low trade volumes in India, transactions may be slow.
Most common customer complaint:
— Slow service on user verification (KYC protocols), high prices