A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of ethexIndia consists of four parts: general information, fees, deposit methods and security.
PLEASE NOTE THAT NEW REGISTRATIONS ARE CURRENTLY SUSPENDED AT THIS EXCHANGE.
ethexIndia is an Indian cryptocurrency exchange. It is India’s first market place for ETH tokens. They offer an ETH/INR order book, allowing you to purchase and sell ETH (the token of the Ethereum-blockchain). Ether allows you to, among other things, pay Gas (which is the fuel for computing power on the Ethereum-network). If you would prefer a coin exchange with a more extensive selection of trading pairs, we recommend you to check out Changelly or KuCoin. US-investors can’t trade here. So if you are a US-investor and want to trade at ethexIndia, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges. Don’t be too sad though, there are many US-venues offering ETH-trading… Use our Exchange Finder here to find out which alternatives you have.
ethexIndia Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. We have not been able to access ethexIndia’s website lately. Consequently, we have not been able to obtain a view of their trading interface either. We apologize for any inconvenience this may cause.
ethexIndia Trading fees
The most important lesson to learn when it comes to picking the best cryptocurrency exchange site is that you must always check the fees. ethexIndia doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. They charge a flat fee of 1.00%. This fee is much above the industry average. The industry average is arguably around 0.25%. One should consider whether ethexIndia has a strong offering to investors in other respects that outweighs the disadvantage of this much higher trading fee.
ethexIndia Withdrawal fees
In contrast to their high trading fees, ethexIndia does not charge a withdrawal fee at all. This is a strong competitive edge in the market and distinguishes ethexIndia from most other top crypto exchanges. The question you must ask yourself however is whether this outweighs or evens out the disadvantage of the higher trading fees.
This decentralized cryptocurrency exchange offers wire transfer as a deposit method, but you can’t deposit via credit card.
This trading platform’s security score is C-, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is in line with industry average when it comes to top crypto exchanges.
Finally, the exchange reviewed above is what we call an “entry-level exchange”. This means that this exchange also makes it possible for someone to enter the cryptocurrency market with fiat currency. There are numerous entry-level exchanges out there, including (but not limited to):