Koinbazar crypto exchange was founded in 2020 as an exchange to bring more people in India into the cryptocurrency and blockchain space. The platform aims to provide quality services to all its users with a simple and intuitive user interface.
There are no limitations or restrictions to users from other countries, however, they must be willing to trade with the Indian Rupee which is the predominant fiat currency on the platform. In terms of KYC registration, the Koinbazar cryptocurrency exchange employs strict verification procedures to ensure that its users are verified, and do not engage in activities like money laundering, fraud, or financing of illegitimate activities. To pass this verification process, you must submit your government-issued identification document. Furthermore, the exchange monitors the activities of all its users and may remove and ban any user suspected of illegal activity.
The main markets on the exchange include BTC, ETH, USDT, TRX, and INR. The platform is a crypto-to-crypto and crypto-to-fiat exchange. It supports over 70 Koinbazar trading pairs, with major cryptocurrencies. Koinbazar spot trading option is available to traders who wish to perform trading activities. However, the platform does not support margin, derivatives, leverage, or futures trading options. Furthermore, the trading interface is designed in a simplistic manner that will appeal to both new and experienced traders and investors.
When it comes to Koinbazar exchange fees for trading, the platform uses a flat-fee system where makers and takers pay 0.25% for all trades. For deposits, they could be done through fiat wire transfers or crypto deposits. Bank charges may be incurred by the user when making wire transfers, however, all crypto deposits are free.
The Koinbazar crypto price for crypto withdrawals varies from coin to coin. For instance, users who wish to withdraw BTC will pay 0.0006 BTC for any transaction. Furthermore, each cryptocurrency has its minimum and maximum withdrawal limits. Some of these limits are tied to your verification level on the platform.
From time to time, the Koinbazar cryptocurrency exchange organizes crypto trading contests for its users. At the end of these contests, users on the leaderboards get their rewards credited to their wallets. Additionally, users are rewarded for referrals with crypto rewards, rebates, and trading discounts.
About the Company
Koinbazar was founded by Saravanan Pandian. Saravanan is experienced in cryptocurrency trading, finance markets, Management Information systems, and economics. He holds a master's degree in Business Administration from Madurai Kamaraj University. The core team is made up of experienced minds in the crypto space, with over 10 years of experience each.
The average Koinbazar trade volume in February 2023 was around $26 million. However, to see the current Koinbazar volume, take a look above.