Best ways to use coinDX for buy and sell crypto currency will be described in this post. It is a future digital money that is unregulated by any nation, volatile, and decentralised (at least for now).
There are several cryptocurrencies that you may buy, hold, and sell to generate money, but if you make a mistake, you run the danger of losing everything.
These days, cryptocurrency is popular due to its frequent highs and lows, pumps and dumps.
How do you buy and sell cryptocurrencies in India, is the query.
CoinDCX, then, is the solution.
One of the most well-known cryptocurrency exchanges in India, it allows you to buy, sell, hold, and trade a variety of cryptocurrencies, including Bitcoin, BTT, Ethereum, and Hedera Hashgraph, to mention a few.
Here are instructions on how to buy, sell, and trade cryptocurrencies in India using the app on your phone.
The CoinDCX UI (formerly CoinDCX Go) is a condensed version of CoinDCX Pro and provides a simple user interface for people who want to buy, hold, and sell cryptocurrencies.
Orders, Prices, and Home
Home: It displays a couple of code fields, a coin (shortcut) tab with the current price, and a Help Center button.
Prices are tracked in this section for all cryptocurrencies and tokens on CoinDCX.
It displays the current price, a 24-hour price movement graph, the opportunity to buy and sell cryptocurrencies, and a fund-addition option.
Orders: This page lists all of your buy and sell orders along with the quantity, price, and total. Also check Defi crypto project
My Investments: You may view all of your recent and ongoing transactions, their valuations, and the overall value of your portfolio.
My Portfolio and Account
Account: This has all of your account settings as well as a support section, wallet, and a logout button.
Using CoinDCX for Cryptocurrency: How Do I?
Here is a Simple Guide to Using the CoinDCX App for Android and iOS to Buy, Sell, and Use Cryptocurrency.
Part 1: Create an account & KYC
Install the app, then create an account using your login information.
With a limit of Rs 10,000 for deposits and withdrawals, you can use CoinDCX without completing KYC.
Trading is made possible by completing a KYC.
By going to Account >> Account Settings >> Complete Your KYC, you can finish the KYC process.
Take a selfie, upload images of your passport, Aadhaar card, and pan card, and after the verification process is complete, you will have access to infinite trading. This is another way to use coindcx buy and sell cryptocurrency.
Part 2: How To Buy Cryptocurrency on CoinDCX?
These detailed instructions will show you how to buy cryptocurrency on CoinDCX.
Launch the CoinDCX app first.
The “Prices” tab is located at the bottom of the screen.
Go to “All Coins” and click.
If you choose to buy BitTorrent (BTT), tap on it to bring up a little window.
Select “Buy” by tapping the green button.
Enter the amount of BTT you want to buy in Indian rupees, such as 1,000 (INR), or the number of BTT coins, such as 5 BTT coins. Also check Crypto wallets
The current price will be auto-populated by the system.
Click “Add Funds.”
You’ll see the question “How much do you wish to add?” on the next screen.
Any amount between INR 100 and INR 50,00,000 may be entered.
After you have added the money, click “Continue.”
Choose the payment method, such as Bank Transfer, Mobikwik, UPI, or another, and enter the required amount. This is another way to use coindcx buy and sell cryptocurrency.
Once the transaction has been completed, return to the home screen and select “Orders” to view the most recent purchase and its current price.
Part 3: How To Sell Cryptocurrency on CoinDCX?
You wish to sell the coins you bought on CoinDCX. This is the procedure to take.
BTT for sale on CoinDCX
Navigate to “All Coins” under the “Prices” tab at the bottom of the screen.
Tap the coin that you had previously invested in, in this instance BTT. This is another way to use coindcx buy and sell cryptocurrency.
Select the “Sell” button on the small pop-up window that appears on the screen with the choice to either “Buy” or “Sell” the coins.
You can enter the amount in INR or the number of BTT coins under “How much do you wish to sell?” or you can choose “Balance” to choose every coin that is offered.
To complete, move the “Swipe to Sell” swipe from left to right.
Your app wallet will be credited with the quantity of BTTs you purchased or the proceeds from your sale.
Finally, open your wallet, click “Withdraw Funds,” enter the desired withdrawal amount, and then press “Verify.”
The aforementioned bank account listed on CoinDCX will automatically receive the aforementioned sum as credit.
CoinDCX makes dealing with cryptocurrencies simple, however there is a risk aspect involved, thus user prudence is advised.
Should I Use CoinDCX for Cryptocurrency? What are your thoughts?
If you want to buy or sell cryptocurrency, please use the comment section below.
Additionally, for video instructions, kindly subscribe to our DigitBin YouTube channel.