Indacoin
- Overview
- Security
- User Experience
Volume 24H: USD 7,455,060,000.00/24h
Indacoin is a London-based digital asset exchange platform that offers support for instant debit/credit card payments for Bitcoin or Ethereum acquisition and other 200 cryptocurrencies. The company states that their service is available internationally, with the exception of United States. Users need to be verified through video recording in order to confirm their credit card ownership.
The platform went through a redesign in 2017, having a sleek UX and an easy to use navigation menu. The buying/selling flow is simple and functional. Indacoin's users can buy/sell cryptocurrency fast with this exchange since it is so easy and intuitive to use.
Crypto Currencies Support
- BCH
- BTC
- DASH
- DOGE
- ETC
- ETH
- GNO
- ICN
- KMD
- LSK
- LTC
- STRAT
- XMR
- ZEC
Traditional Currency Support
- EUR
- RUB
- USD
Language Support
- Arabic
- English
- French
- German
- Italian
- Russian
- Spanish
- Turkish
Country Support
- Australia
- Canada
- China
- European Union
- Hong Kong
- Japan
- Most Africa
- Most of Asia
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Norway
- Russian Federation
- Singapore
- Switzerland
- Turkey
- United Kingdom of Great Britain and Northern Ireland
Platforms Systems
- — Api
- — Mobile App
- — Web Interface
Stock Market Options
This platform is scarce in information regarding its security, offering little to no details about their storage methods and security policy. Although they provide users with 2FA and the ability to define a withdrawal white list, Indacoin is in total control of the private keys and doesn't offer any deposit guarantee with a bank for the fiat currency deposits.
Summary:
| 2 Factor Authentication | Yes |
| Funds Insured | Funds Are Not Insured |
| Private Keys Stored On | Exchange Platform |
| Storage Type | Hot |
There is very little information about this company's location and the key persons behind it. The company is registered with the UK Gov Companies House website as INDACOIN LIMITED and run by Volkova Elena Yuryevna as its board director.
Summary:
Although its exchange has gained a lot of traction lately thanks to its fast and efficient trading, Indacoin provides very little information about its storage methods and security policy. Also, this exchange doesn't offer sufficient information about the company behind the platform. Some investors may interpret this as a sign of higher risk.
| Ease of use | Intuitive |
| Transaction Fees | 0.1-0.29% |
| Deposit/Withdrawal Fee | It's Free (fees May Be Hidden) |
| Deposit/Withdrawal Fee For Bank Transfer | N/A |
| Deposit/Withdrawal Fee For Credit Card | 1.1+ |
| Deposit/Withdrawal Fee Charged For 3rd party Payments | It's Free (fees May Be Hidden) |
| Anonymous Trading | No |
Deposit/Withdrawal Options:
Deposit using credit card, Deposit using 3rd party, Withdrawal funds to credit card, Send/Receive Crypto
Functionality:
Indacoin supports Visa and Master Card debit or credit cards for cryptocurrency or token acquisition, providing wallet support for numerous assets in order for users to create a diversified investment portfolio. The staff from Indacoin states that occasionally they offer discounts for users.
Most common customer complaint:
— Slow customer service, high fees