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Indacoin

2.8 from 6 votes
United Kingdom
Supported coins

Fees

Taker fee

0.15%

Maker fee

0%

Withdrawal fee

0.0001

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


Indacoin Review

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 Indacoin consists of four parts: general information, fees, deposit methods and security.

General Information

Indacoin is a British cryptocurrency exchange. United Kingdom is the country which without a doubt has the most cryptocurrency exchanges in the world. At least that we know of. A non-exhaustive list of exchanges from the UK (in addition to this one) includes Exmo, CEX.io, CoinEgg, Livecoin, DSX, LocalTrade, Bittylicious (funny name by the way), CoinMate, MixCoins, Paybis, Vaultoro, Instant Bitex and eToro.

US-investors may not trade on this exchange. So if you are a US-investor and want to trade at Indacoin, 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 other venues that offer the type of trading this exchange does. Use our Exchange Finder here to find out which alternatives you have.

This exchange provides an smooth way to buy BTC and 200 other cryptocurrencies with Mastercard or Visa.

Indacoin Fees

Indacoin Trading fees

This trading platform is different from most top crypto exchanges in the way that it does not offer trading between cryptocurrencies. The only service offered is buying cryptocurrencies from Indacoin. When buying cryptocurrencies, the price offered by the exchange is higher than the market price (but also include any transaction fees). The mark-up is not specified anywhere. The exchange arrives at the offered price through “a calculator”. The reasoning behind this is that the exchange’s fee varies from purchase to purchase as it is based on numerous factors.

The above is potentially also a risk for you as an investor. Accordingly, we strongly urge you to make you own analysis of the fees and price differences at this exchange before executing any transactions there and before concluding that it is the best cryptocurrency exchange site for you.

Indacoin Withdrawal fees

Considering how this exchange operates, withdrawal fees are irrelevant (they are included in the transaction fees).

Deposit Methods

You can only purchase cryptocurrencies via credit cards at this exchange.

Indacoin Security

Indacoin’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below the industry average when it comes to top crypto exchanges.

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Finally, the exchange reviewed above has a large number of supported cryptocurrencies. If a large number of supported cryptocurrencies is an important factor for you in your choice of cryptocurrency exchange, you could also check out the following exchanges:

  1. Cryptopia
  2. Bleutrade
  3. YoBit
  4. Gate.io
  5. KuCoin
  6. BTC-Alpha
  7. Trade Satoshi
  8. Nova Exchange
  9. OKEX
  10. Exrates
Indacoin compared with other cryptocurrency exchanges