Indacoin is a cryptocurrency exchange based in the UK, and was founded in 2013. The platform offers an easy way to purchase cryptocurrencies with their cards. However, one unique aspect is that Indacoin only facilitates the purchase of cryptocurrencies and not the sale of them.
Indacoin also has another unusual aspect, and that is the platforms strict buying limits on newcomers. For the initial transaction, the purchase amount is limited to $200. For the second and third transaction, the limits are $200 and $500 respectively. As for the third transaction, it can only be done after 8 days after the first transaction. Finally, the total limit for the first month is limited to $5000. Subsequent transactions will no longer be subjected to these limits.
Having been operational for nearly decade Indacoin has become extremely popular due to its wide range of cryptocurrencies available. In addition, with zero fees on limit orders, purchasing cryptocurrencies at Indacoin has become even cheaper.
Indacoins main client is web-based and provides a simple interface. It doesn’t contain any price charts of analytical tools.
There are also Android and iOS versions of the platform.
For deposits, Indacoin supports credit cards, debit cards, Payza online payment platform and BTC-ecode.
Transaction fees do change depending on the transactions, and users are advised to check these fees when completing any purchase.
Indacoin take security seriously. No information is sotred on Indacoins side. Another layer of protection provided by Indacoin is the verification of the purchases through a verification code sent by SMS to the customer’s phone. Finally, all transactions on Indacoin’s website are secured by HTTPS (Hypertext Transfer Protocol).
Indacoin has better customer support than most exchanges. The support avenues include live chat, email, and telephone.
Though Indacoin may not allow users to sell cryptocurrency, it has become hugely popular for buyers, especially those looking to pickup more obscure altoins.
Protecting Your Cryptocurrency And Staying Safe on Indacoin
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