What do we know about indacoin? According to the data we possess, it appears to be a quite reputable, well established, promising exchange service. It's a trading platform successfully operating for about 12 years and 11 months. indacoin supports some of the popular crypto. indacoin operator is just an ordinary limited company without any licenses, etc., whereas it appears to be a legitimate business model in their jurisdiction. Besides, it offers the clients a cashback bonus!
Clients from
254
countries & territories
are welcome here,
regrettably, registrations from United States
where you are located are currently not allowed,
but there are good alternatives!
Due to regulatory restrictions, US citizens and residents are not served by the exchange.
Unfortunately we couldn't yet collect enough data about the order processing speed from the actual customers,
although according to the information from the exchange itself, order processing is automated and should be instant.
Specific types of orders may require identity verification
So, what's our opinion so far? Based on the information we currently hold, indacoin should be a pretty safe site to swap Bitcoins; a satisfying exchange, particularly popular among the clients! Let's appraise everything in details...
By reason of we can't (yet?) endorse the indacoin.com, you may feel safer choosing the website we've already appraised and checked in full. Therefore we took the liberty to research the market and suggest a viable, well-known, 100% trusted alternative exchange platform. How we did it? Let's explain! Makes sense to start from figuring out what exactly we are looking for:
A glance at the service specifics confirms that indacoin employs the business model of a Trading Platform; exchange started the business May 2013 and up-to-date operates for 12 years and 11 months. It received some reviews and seems to be known on the local market. There is no information available about the company doing business as indacoin, etc. Please note that it's just a super-small snapshot of what we've discovered, details about the business model are available in the "what we already know about indacoin" section. Considering all the abovementioned, we were looking for another trading platform allowing registrations from United States with a flawless reputation and the best rating and found a perfect match: CEX! Let's figure out what makes it the safest choice:
CEX is also a Trading Platform; CEX.IO LTD (dba CEX) had started doing the business in July 2014. The legal entity is established in the United Kingdom and the principal office is located in the London. Registration address of CEX is 24th Floor One Canada Square, Canary Wharf London E14 5AB. The firm is a licensed Money Service Business, regulated by the FinCEN; operating under the Money Transmission license. FINCEN registration number 31000176194955. It is a really trusted, surely a respectable, well established, interesting exchange platform (trading platform) that supports 1 cryptocurrency: you can buy and sell crypto using 4 national currencies (9 payment systems and banks are supported). Besides the crypto-exchange, cex.io also provides other crypto-related services, for example, Lending, Margin Trading, Faucets (small amounts of cryptos for free), Staking, MasterNodes, etc. (passive income opportunity). This is what we value the most about this great exchange service:
According to our research and the community vote, CEX is the best Trading Platform worldwide. That's a really outstanding result, considering that we compare 333 exchange platforms! Long story short, this means that cex.io truly stands out in terms of reliability, reputation, etc. - you name it... We are sure, you won't regret your choice!
Even though we still consider if we should add INDACOIN to the list of approved exchange platforms and are in process of gathering and evaluating the information, we've already collected some data worth sharing. The business appears like a reputable trading platform running without serious issues from May 2013. Despite the fact that the indacoin operational entity holds no licenses, etc, it looks like a legitimate business model, compliant with their home country laws and regulation.
indacoin.com is a trading platform, the core function of such a service is to provide the users with access to certain exchange markets rather one just "quick buy/sell" type operations. There are both pros and cons of choosing a "pro trading" platform or app over just an instant exchange service. In most cases, such marketplaces are serious and reliable businesses, just keep in mind please that storing the crypto/fiat online at exchange's wallets has some risks involved.
We normally analyze the fees and limits even for the exchanges that are not yet listed but are in the "watch list", while we are considering if we should add these sites or not. Unfortunately, due to some technical issues the integration with indacoin is not yet set, and therefore we can't state anything about the fees and purchase limits at this trading platform. Please accept our apologies!
The trading platform may ask the customers to complete the user identification process (account verification) when certain conditions are met. Notwithstanding the fact that the Company is not currently regulated in the home jurisdiction, it has some obligations to the enforcements, etc. It's not possible to run an exchange paying no attention to the anti-money laundering legislation, etc. The legal part of indacoin.com business model is pretty unclear, consequently, there's not much we know about the account verification at the website, etc. You'll get acquainted with the details during an order submission.
As for the estimation how long does it takes to verify an account at indacoin on average: we must apologize, our platform still haven't collected enough feedback from the real users of a trading platform. By any chance, if you know how fast indacoin.com is with an account verification, kindly let us know too. We really appreciate your commitment!
The website allows the user registrations from 254 countries. The following countries and territories are in the supported list:
It's a shame, but indacoin still can't carry on any operations with the citizens or residents of the United States. The reasons behind are the complications with obtaining the required permissions and licenses and/or the complexity of the regulation, etc. Even so, please don't get stressed out, we could encounter several sites worth checking, including the services of Trading Platform type particularly. All of those welcome the American people! Some examples:
We still hadn't received any reviews of indacoin.com we could verify. We'd love to know what our valued visitors think of this website; based on that we'll decide should we approve the Trading Platform or not. If you've already tried this service or know someone who did we are counting on you! What do you think about this exchange? Please share your experience, your thoughts... even just a few words testimonial is a great help!
Yes, it does. Although you can always withdraw the funds to your e-currency wallet "by default" indacoin holds your balance at it's own hot storage wallet. This is the standard practice for all the trading platforms, although we recommend to keep only the funds you need for the trading at the exchange.
We believe it is! We can say so based on the score the exchange got at our platform. The details are explained in this review and we break down a score in the overview section.
It is not, although seems that such business model complies with the regulation in indacoin home country.
indacoin is certainly not a rip-off; our analysis confirms that it's rather a trustworthy exchange. Read more in our conclusion: is indacoin a legit exchange or scam
Our research confirms that indacoin is a legitimate exchange; we consider listing the trading platform among the recommended exchanges. Our proposed rating score is 72 | 100, feel free to read more about what does it means and how the scoring is calculated.
It appears that the crypto-users trust indacoin for a number of reasons, read why we preliminary assess the 72/100 result for the exchange. As far as we know, the community trusts trading platform so you likely won't regret believing them. And remember, whatever service you use, it never hurts to test it with a smaller amount first!
It is! Operations of buying and selling cryptos are normally realized at indacoin automatically, without any delays.
In case you prefer to deal with a trading platform that was already fully checked and rated by our reviewers, algorithms, and the actual clientele, we took the liberty to compile a list of alternative sites you may use instead of indacoin. There are similar exchanges providing more or less the same services; let's see what else is available right away and compare it to the reviewed business! Besides, we found platforms having similar rating that are popular in United States particularly and North America in general. And by the way, if you are eager to pick an exchange basing on a rate and fees mostly, our price comparison platform always finds the most reasonable exchange rates in United States!
A comparison of the key features and the principal facts about COINBASE versus indacoin; just take a glance to decide if Coinbase will be the optimal choice for you or at least if it's worth checking our full study:
So, is Coinbase a better alternative to indacoin? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score indacoin achieved: 72 vs Coinbase rated 100, we honestly believe that COINBASE should do the job better than the reviewed trading platform; certainly worth testing!
Like reading? In fact, there are more exchanges worth comparing to indacoin, such as:
A comparison of the key features and the principal facts about KRAKEN versus indacoin; just take a glance to decide if Kraken will be the optimal choice for you or at least if it's worth checking our full study:
So, is Kraken a better alternative to indacoin? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score indacoin achieved: 72 vs Kraken rated 100, we honestly believe that KRAKEN should do the job better than the reviewed trading platform; certainly worth testing!
Like reading? In fact, there are more exchanges worth comparing to indacoin, such as:
A comparison of the key features and the principal facts about EXMO versus indacoin; just take a glance to decide if EXMO will be the optimal choice for you or at least if it's worth checking our full study:
So, is EXMO a better alternative to indacoin? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score indacoin achieved: 72 vs EXMO rated 100, we honestly believe that EXMO should do the job better than the reviewed trading platform; certainly worth testing!
Like reading? In fact, there are more exchanges worth comparing to indacoin, such as:
A comparison of the key features and the principal facts about TRANSCOIN versus indacoin; just take a glance to decide if TransCoin will be the optimal choice for you or at least if it's worth checking our full study:
So, is TransCoin a better alternative to indacoin? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score indacoin achieved: 72 vs TransCoin rated 100, we honestly believe that TRANSCOIN should do the job better than the reviewed trading platform; certainly worth testing!
Like reading? In fact, there are more exchanges worth comparing to indacoin, such as:
A comparison of the key features and the principal facts about WMEXPRESS versus indacoin; just take a glance to decide if WMexpress will be the optimal choice for you or at least if it's worth checking our full study:
So, is WMexpress a better alternative to indacoin? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Since the WMEXPRESS exchange service got a lower rating at our platform: 71 versus 72 that indacoin accomplished, our advice is either to go for indacoin, or, even better to look into few others first; particularly the ranked "best-of-the-best" CEX!
Like reading? In fact, there are more exchanges worth comparing to indacoin, such as:
Seems it's time to finalize the report, to make a judgment call. Is indacoin a scam or is it a legitimate exchange? How secure the indacoin.com website is? Can you trust indacoin with your money? And (in our case) the most frequently asked question: Why the trading platform is not yet ranked at ExchangeRates.Pro? Let's start by answering the last question and, you'll see, the replies to the rest will follow. Can't wait? Help yourself jumping to the final verdict!
The routine for adding a new exchange to ExchangeRates.Pro listing is rather a long process and it depends on few factors we don't control directly. Our approach to the process is «better be safe than sorry»; we already have 37 well-tested platforms providing similar to indacoin functionality. 22 different exchange websites of trading platform type are among those and additionally, there are 4 peer-to-peer marketplaces. 6,694 exchange offers are available right away; these cover almost all the payment systems and local banks available in United States and North America for buying and selling BTC, cryptos, and tokens with , US Dollars, EURos, whatever. Hence, we never hurry to add more websites until we are 100% sure we did everything we could to verify the data and test every service well ourselves. It takes time. Moreover, there are two circumstances that are out of our direct control:
Exceptions from these two rules may happen only in very rare extraordinary cases. As you can see, we move forward with listing new exchanges slowly, but as a consequence, only the best trading platforms are getting approved. Although we can't endorse indacoin and hadn't rated it (in full) yet, we believe that it should get approval if we won't receive any complaints.
Looking at the data we possess, it's clear that indacoin is not a scam, not a fraudulent website, etc., you name it. Even though we are not endorsing this trading platform, it appears to be trustworthy and worth trying. Furthermore, it could become a nice addition to our listing, considering there won't be any complaints or accusations from the users. Try exchanging at indacoin yourself and don't forget to share your experience!
There is another way of finding the most worthy alternative to indacoin that will work best for you. What if instead of opposing the features of various exchanges we'll compare the terms of the specific offerings that all the marketplaces, brokers, dealers, and even individual exchangers provide? That's exactly what our platform does! We assist you in choosing the most appropriate deal considering:
Our platform could find 38 offers to buy, sell, exchange BTC available to users from United States, and 35 of these are for the US Dollar currency. There are totally 27 exchange services supporting US. Some of those are providing the access to USD|BTC market, including such types as P2P Marketplace, Trading Platform, etc. 3 exchanges has active offers for these currencies right now; you can buy/sell using 22 local and international payment systems & banks! The local dealers and exchanges are mentioning the support of 21 local banking institutions and the payment systems. According to the latest data we have, the lowest fee to purchase BTC with USD locally is available for Etana, that's a local payment system. The most popular domestic options for purchasing BTC @ US:
Our software couldn't get an access to the data what's available at indacoin.com for the clients from United States, however we are sure that you'll find a worthy alternative on one of 36 exchange websites we compare the rates at! Check out what the local dealers and platforms are offering: currently there are 21 domestic banks supported. Besides, you may find something interesting browsing 6,694 offers available with 22 ways to pay internationally, either to neighboring countries in North America or to any other part of the world.