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indacoin review: is a safe exchange or scam? (09.2021)

indacoin user interface: the home page in English

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 8 years and 3 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 to exchange crypto on this trading platform.

Starting from 2013, indacoin.com is trying its best to earn the trust from the community. Despite that, our users hasn't yet rated or reviewed trading platform. Have you ever used the indacoin? If you did, please spend a minute to leave your valuable feedback, we really appreciate it and put our trust on you. Thanks! Despite the fact hadn't yet collected enough data to list these guys among the rest of the approved exchange services (more information below) and therefore can't yet assign the rating to this trading platform, we can propose a preliminary evaluation: 84/100. Looks good!

So, what's our opinion so far? Based on the information we currently hold, indacoin should be a pretty safe site to swap Bitcoins; an adequate service treated well by the community! Let's appraise everything in details...

Overview: is indacoin safe?

indacoin operates as the Trading Platform. A project had started up in May 2013.

So what we'll decide, how safe is indacoin?

indacoin wasn't rated yet. What does it mean, is it secure to use this trading platform? Despite indacoin isn't yet fully listed and has no rating @ ExchangeRates.Pro, it doesn't mean it's a scam website , is a bad trading platform, whatever. We are very careful with new additions to our listing and (among all other procedures) postpone the decision until we receive at least a few reports from real users that we can verify.

This make take rather a long time; we already have 40 well-examined websites in our listing, nevertheless, we never rush to add more. With 21,987 ways to buy and sell BTC worldwide, including 2,224 local ones for United States, why urge? For now, we can already state that although it's a bit early to make conclusions, indacoin most likely will be included in our approved services list (if we don't receive any negative reviews of course). Let's keep an eye on it! 84/100, the proposed rating for the indacoin.com so far says that it should be safe enough to do business here as we trust. Now let's break down our assumed rating for INDACOIN, how it was calculated:

Time in the business: 8 years 3 months
Feedback count: 0
Business model: no special licenses, etc.

Altogether, the preliminary rating for indacoin is 84 / 100

Research: best alternative to indacoin

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 8 years and 3 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 user interface: the home page in English

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 30 cryptocurrencies and tokens: you can buy and sell crypto using 4 national currencies (9 payment systems and banks are supported) or exchange one digital currency into another here. 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:

  • It is a respectable financial company; the firm holds required license(s) and is fully compliant with the regulation
  • The exchange runs the business for a long time; project was started 7 years and 2 months ago
  • The platform supports 30 cryptocurrencies and 4 fiat ones (totally 9 payment systems / banks are available). Apart from buying, selling and exchanging cryptocurrencies, there are other services available: Lending, Margin Trading, Faucets (small amounts of cryptos for free) and Staking, MasterNodes, etc. (passive income opportunity)
  • The service charges low fees: from 0.3% to 3.99% depending on the way of payment; the fees for exchanging the smaller amounts are rather affordable as well
  • The limits for purchases and withdrawals are among the highest on the market: from $20.00 to $10,000 USD, the exact limit depends on what payment system you choose to pay or get paid to
  • Customers' testimonials are top notch, 100% (27 out of 27) wrote about the positive experience doing business with CEX. According to the feedback we got from the actual users:
    • Customers support is very good
    • The speed of deposits and withdrawals processing is very fast
    • Verification goes really fast

So, let's conclude: the best alternative to indacoin is

CEX, a perfectly safe and trusted trading platform, rated 100/100. Such score is really, really hard to get, only very exchange services managed to get such a high rating! Let's break down how the cex.io exchange could get such a scoring.
Time in the business: 7 years 2 months
Feedback count: 27
Reviews: 27 positive, 0 negative, 0 neutral
Business model: licensed, fully compliant
Order Speed: fast (less than 5 mins)
Support Quality: great
Verification Speed: medium (up to an hour)
UI Usability: good

Overall scoring for CEX: 100 / 100

indacoin fees, limits, verification, etc.

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 pretty stable and reliable trading platform running almost flawlessly 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 and indacoin definitely looks like one of those, just keep in mind please that storing the crypto/fiat online at exchange's wallets has some risks involved.

Fees & Limits at indacoin

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!

Cashback available!

indacoin account verification

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!

Supported countries

The website allows the user registrations from 254 countries. The following countries and territories are in the supported list:

  • Afghanistan (AF)
  • Aland Islands (AX)
  • Albania (AL)
  • Algeria (DZ)
  • American Samoa (AS)
  • Andorra (AD)
  • Angola (AO)
  • Anguilla (AI)
  • Antarctica (AQ)
  • Antigua & Barbuda (AG)
  • Argentina (AR)
  • Armenia (AM)
  • Aruba (AW)
  • Ascension Island (AC)
  • Australia (AU)
  • Austria (AT)
  • Azerbaijan (AZ)
  • Bahamas (BS)
  • Bahrain (BH)
  • Bangladesh (BD)
  • Barbados (BB)
  • Belarus (BY)
  • Belgium (BE)
  • Belize (BZ)
  • Benin (BJ)
  • Bermuda (BM)
  • Bhutan (BT)
  • Bolivia (BO)
  • Bosnia & Herzegovina (BA)
  • Botswana (BW)
  • Bouvet Island (BV)
  • Brazil (BR)
  • British Indian Ocean Territory (IO)
  • British Virgin Islands (VG)
  • Brunei (BN)
  • Bulgaria (BG)
  • Burkina Faso (BF)
  • Burundi (BI)
  • Cambodia (KH)
  • Cameroon (CM)
  • Canada (CA)
  • Canary Islands (IC)
  • Cape Verde (CV)
  • Caribbean Netherlands (BQ)
  • Cayman Islands (KY)
  • Central African Republic (CF)
  • Ceuta & Melilla (EA)
  • Chad (TD)
  • Chile (CL)
  • China (CN)
  • Christmas Island (CX)
  • Cocos (Keeling) Islands (CC)
  • Colombia (CO)
  • Comoros (KM)
  • Congo - Brazzaville (CG)
  • Congo - Kinshasa (CD)
  • Cook Islands (CK)
  • Costa Rica (CR)
  • Côte d’Ivoire (CI)
  • Croatia (HR)
  • Cuba (CU)
  • Curaçao (CW)
  • Cyprus (CY)
  • Czech Republic (CZ)
  • Denmark (DK)
  • Diego Garcia (DG)
  • Djibouti (DJ)
  • Dominica (DM)
  • Dominican Republic (DO)
  • Ecuador (EC)
  • Egypt (EG)
  • El Salvador (SV)
  • Equatorial Guinea (GQ)
  • Eritrea (ER)
  • Estonia (EE)
  • Ethiopia (ET)
  • Falkland Islands (FK)
  • Faroe Islands (FO)
  • Fiji (FJ)
  • Finland (FI)
  • France (FR)
  • French Guiana (GF)
  • French Polynesia (PF)
  • French Southern Territories (TF)
  • Gabon (GA)
  • Gambia (GM)
  • Georgia (GE)
  • Germany (DE)
  • Ghana (GH)
  • Gibraltar (GI)
  • Greece (GR)
  • Greenland (GL)
  • Grenada (GD)
  • Guadeloupe (GP)
  • Guam (GU)
  • Guatemala (GT)
  • Guernsey (GG)
  • Guinea (GN)
  • Guinea-Bissau (GW)
  • Guyana (GY)
  • Haiti (HT)
  • Heard Island and McDonald Islands (HM)
  • Honduras (HN)
  • Hong Kong SAR China (HK)
  • Hungary (HU)
  • Iceland (IS)
  • India (IN)
  • Indonesia (ID)
  • Iran (IR)
  • Iraq (IQ)
  • Ireland (IE)
  • Isle of Man (IM)
  • Israel (IL)
  • Italy (IT)
  • Jamaica (JM)
  • Japan (JP)
  • Jersey (JE)
  • Jordan (JO)
  • Kazakhstan (KZ)
  • Kenya (KE)
  • Kiribati (KI)
  • Kosovo (XK)
  • Kuwait (KW)
  • Kyrgyzstan (KG)
  • Laos (LA)
  • Latvia (LV)
  • Lebanon (LB)
  • Lesotho (LS)
  • Liberia (LR)
  • Libya (LY)
  • Liechtenstein (LI)
  • Lithuania (LT)
  • Luxembourg (LU)
  • Macau SAR China (MO)
  • Macedonia (MK)
  • Madagascar (MG)
  • Malawi (MW)
  • Malaysia (MY)
  • Maldives (MV)
  • Mali (ML)
  • Malta (MT)
  • Marshall Islands (MH)
  • Martinique (MQ)
  • Mauritania (MR)
  • Mauritius (MU)
  • Mayotte (YT)
  • Mexico (MX)
  • Micronesia (FM)
  • Moldova (MD)
  • Monaco (MC)
  • Mongolia (MN)
  • Montenegro (ME)
  • Montserrat (MS)
  • Morocco (MA)
  • Mozambique (MZ)
  • Myanmar (Burma) (MM)
  • Namibia (NA)
  • Nauru (NR)
  • Nepal (NP)
  • Netherlands (NL)
  • New Caledonia (NC)
  • New Zealand (NZ)
  • Nicaragua (NI)
  • Niger (NE)
  • Nigeria (NG)
  • Niue (NU)
  • Norfolk Island (NF)
  • Northern Mariana Islands (MP)
  • North Korea (KP)
  • Norway (NO)
  • Oman (OM)
  • Pakistan (PK)
  • Palau (PW)
  • Palestinian Territories (PS)
  • Panama (PA)
  • Papua New Guinea (PG)
  • Paraguay (PY)
  • Peru (PE)
  • Philippines (PH)
  • Pitcairn Islands (PN)
  • Poland (PL)
  • Portugal (PT)
  • Puerto Rico (PR)
  • Qatar (QA)
  • Réunion (RE)
  • Romania (RO)
  • Russia (RU)
  • Rwanda (RW)
  • Samoa (WS)
  • San Marino (SM)
  • São Tomé & Príncipe (ST)
  • Saudi Arabia (SA)
  • Senegal (SN)
  • Serbia (RS)
  • Seychelles (SC)
  • Sierra Leone (SL)
  • Singapore (SG)
  • Sint Maarten (SX)
  • Slovakia (SK)
  • Slovenia (SI)
  • Solomon Islands (SB)
  • Somalia (SO)
  • South Africa (ZA)
  • South Georgia & South Sandwich Islands (GS)
  • South Korea (KR)
  • South Sudan (SS)
  • Spain (ES)
  • Sri Lanka (LK)
  • St. Barthélemy (BL)
  • St. Helena (SH)
  • St. Kitts & Nevis (KN)
  • St. Lucia (LC)
  • St. Martin (MF)
  • St. Pierre & Miquelon (PM)
  • St. Vincent & Grenadines (VC)
  • Sudan (SD)
  • Suriname (SR)
  • Svalbard & Jan Mayen (SJ)
  • Swaziland (SZ)
  • Sweden (SE)
  • Switzerland (CH)
  • Syria (SY)
  • Taiwan (TW)
  • Tajikistan (TJ)
  • Tanzania (TZ)
  • Thailand (TH)
  • Timor-Leste (TL)
  • Togo (TG)
  • Tokelau (TK)
  • Tonga (TO)
  • Trinidad & Tobago (TT)
  • Tristan da Cunha (TA)
  • Tunisia (TN)
  • Turkey (TR)
  • Turkmenistan (TM)
  • Turks & Caicos Islands (TC)
  • Tuvalu (TV)
  • Uganda (UG)
  • Ukraine (UA)
  • United Arab Emirates (AE)
  • United Kingdom (GB)
  • Uruguay (UY)
  • U.S. Outlying Islands (UM)
  • U.S. Virgin Islands (VI)
  • Uzbekistan (UZ)
  • Vanuatu (VU)
  • Vatican City (VA)
  • Venezuela (VE)
  • Vietnam (VN)
  • Wallis & Futuna (WF)
  • Western Sahara (EH)
  • Yemen (YE)
  • Zambia (ZM)
  • Zimbabwe (ZW)

Does indacoin allow the users from United States (US)?

USA flag

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:

Customers' testimonials

please let us know how do you like indacoin?

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!

FAQ about indacoin

Does indacoin holds my funds?

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.

Is indacoin a good trading platform?

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.

Is indacoin licensed? Does it hold e-money license?

It is not, although seems that such business model complies with the regulation in indacoin home country.

Is indacoin a ripoff?

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

is indacoin a legit exchange?

Our research confirms that indacoin is a legitimate exchange; we consider listing the trading platform among the recommended exchanges. Our proposed rating score is 84 | 100, feel free to read more about what does it means and how the scoring is calculated.

Can I trust indacoin with my money?

It appears that the crypto-users trust indacoin for a number of reasons, read why we preliminary assess the 84/100 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!

Is indacoin instant?

It is! Operations of buying and selling cryptos are normally realized at indacoin automatically, without any delays.

indacoin vs other exchanges

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!

indacoin vs Coinbase

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:

  • Coinbase is a e-wallet The way indacoin.com website functions fits the trading platform format, it's also an exchange, but has slightly different business model (feel free to read details about the difference between e-wallet and trading platform)
  • Coinbase had launched the service June 2012 indacoin started the project May 2013 (Coinbase is operating for 11 months longer).
  • Coinbase has all the business licenses and permissions, required by law indacoin is registered as a standard limited liability company without any special licenses, whatever (Coinbase's business model makes it a better, safer choice for the customers).
  • Besides cryptocurrencies buying|selling, Coinbase provides some other exchange-related / financial services: ATM Cards, Merchant Services and the Staking, MasterNodes, etc. (passive income opportunity) indacoin arranges less services associated with the crypto exchange operations: it only swaps cryptocurrency, one to another.
  • Coinbase's customers are rewarded with the gifts indacoin arranges the cashback (indacoin & Coinbase the two of them approach the users with nearly the same (nice!) offerings).
  • Coinbase allows users' registrations from 39 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the indacoin being a resident of any of 254 countries; but users from United States are not allowed, sorry (indacoin admits more countries and territories).
  • When the client needs to pass through the KYC process at Coinbase, they usually ask to provide 2 documents and / or specific procedures: ID or Passport Verification, Phone Number Confirmation (SMS or a call). In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at indacoin typically involves a few (varies case-by-case) individual procedures. (indacoin policies are generally less strict, so the clients supposedly spend reduced time and share fewer information while verifying themselves).

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: 84 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:

indacoin vs Kraken

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:

  • Kraken is a trading platform The way indacoin.com website functions fits the trading platform format, both following the same approach to the business.
  • Kraken had launched the service July 2011 indacoin started the project May 2013 (Kraken is operating for 1 years and 9 months longer).
  • Kraken has all the business licenses and permissions, required by law indacoin is registered as a standard limited liability company without any special licenses, whatever (Kraken's business model makes it a better, safer choice for the customers).
  • Other than providing the services of buying, selling and exchanging cryptocurrency, Kraken provides some other exchange-related / financial services: Mobile wallet, OTC trading, Margin Trading, Futures Trading and the Staking, MasterNodes, etc. (passive income opportunity) indacoin arranges less services associated with the crypto exchange operations: it only swaps cryptocurrency, one to another.
  • Kraken not offers any gifts nor a cashback to the clientele indacoin arranges the cashback (indacoin gives away more bonuses).
  • Kraken allows users' registrations from 234 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the indacoin being a resident of any of 254 countries; but users from United States are not allowed, sorry (indacoin admits more countries and territories).
  • When the client needs to pass through the KYC process at Kraken, they usually ask to provide 2 documents and / or specific procedures: ID or Passport Verification, current Address Confirmation (utility bill, bank or credit card statement, etc.). In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at indacoin typically involves a few (varies case-by-case) individual procedures. (indacoin policies are generally less strict, so the clients supposedly spend reduced time and share fewer information while verifying themselves).

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: 84 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:

indacoin vs TransCoin

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:

  • TransCoin is a broker The way indacoin.com website functions fits the trading platform format, it's also an exchange, but has slightly different business model (feel free to read details about the difference between broker and trading platform)
  • TransCoin had launched the service May 2018 indacoin started the project May 2013 (indacoin operated 4 years and 11 months longer).
  • TransCoin has all the business licenses and permissions, required by law indacoin is registered as a standard limited liability company without any special licenses, whatever (TransCoin's business model makes it a better, safer choice for the customers).
  • TransCoin not offers any gifts nor a cashback to the clientele indacoin arranges the cashback (indacoin gives away more bonuses).
  • TransCoin allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the indacoin being a resident of any of 254 countries; but users from United States are not allowed, sorry (indacoin green-lights some less countries).
  • When the client needs to pass through the KYC process at TransCoin, they usually ask to provide some (it depends on various factors) documents and / or specific procedures The process of Customer Identification at indacoin typically involves a few (varies case-by-case) individual procedures. (indacoin & TransCoin alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).

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: 84 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:

indacoin vs BitQuick

A comparison of the key features and the principal facts about BITQUICK versus indacoin; just take a glance to decide if BitQuick will be the optimal choice for you or at least if it's worth checking our full study:

  • BitQuick is a p2p marketplace The way indacoin.com website functions fits the trading platform format, it's also an exchange, but has slightly different business model (feel free to read details about the difference between p2p marketplace and trading platform)
  • BitQuick had launched the service October 2013 indacoin started the project May 2013 (indacoin operated 4 months longer).
  • BitQuick has all the business licenses and permissions, required by law indacoin is registered as a standard limited liability company without any special licenses, whatever (BitQuick's business model makes it a better, safer choice for the customers).
  • BitQuick not offers any gifts nor a cashback to the clientele indacoin arranges the cashback (indacoin gives away more bonuses).
  • BitQuick allows users' registrations from 1 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the indacoin being a resident of any of 254 countries; but users from United States are not allowed, sorry (indacoin admits more countries and territories).
  • When the client needs to pass through the KYC process at BitQuick, they usually ask to provide 1 document or procedure: Phone Number Confirmation (SMS or a call). The process of Customer Identification at indacoin typically involves a few (varies case-by-case) individual procedures. (indacoin policies are generally less strict, so the clients supposedly spend reduced time and share fewer information while verifying themselves).

So, is BitQuick 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: 84 vs BitQuick rated 100, we honestly believe that BITQUICK 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:

indacoin vs EXMO

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:

  • EXMO is a trading platform The way indacoin.com website functions fits the trading platform format, both following the same approach to the business.
  • EXMO had launched the service May 2013 indacoin started the project May 2013.
  • EXMO has all the business licenses and permissions, required by law indacoin is registered as a standard limited liability company without any special licenses, whatever (EXMO's business model makes it a better, safer choice for the customers).
  • Other than providing the services of buying, selling and exchanging cryptocurrency, EXMO provides some other exchange-related / financial services: Cash codes, OTC trading and the Margin Trading indacoin arranges less services associated with the crypto exchange operations: it only swaps cryptocurrency, one to another.
  • EXMO not offers any gifts nor a cashback to the clientele indacoin arranges the cashback (indacoin gives away more bonuses).
  • EXMO allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the indacoin being a resident of any of 254 countries; but users from United States are not allowed, sorry (indacoin green-lights some less countries).
  • When the client needs to pass through the KYC process at EXMO, they usually ask to provide 3 documents and / or specific procedures: ID or Passport Verification, current Address Confirmation (utility bill, bank or credit card statement, etc.), Selfie with ID in hands. In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at indacoin typically involves a few (varies case-by-case) individual procedures. (indacoin policies are generally less strict, so the clients supposedly spend reduced time and share fewer information while verifying themselves).

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: 84 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:

Conclusion: is indacoin legit or scam?

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!

Why we hadn't yet ranked and fully listed INDACOIN and what does it mean?

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 40 well-tested platforms providing similar to indacoin functionality. 22 different exchange websites of trading platform type are among those and additionally, there are 5 peer-to-peer marketplaces. 21,986 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:

  1. All the exchange services, particularly the trading platform type ones are staying in the "pending approval" state until we collect at least a few reviews from the genuine customers, the ones we can actually verify. In addition, we monitor the clients' testimonials at the trusted review platforms, social networks, etc., and postpone the approval until we find enough evidence that the trading platform has no unresolved complaints and there are enough convincing users recommendations.
  2. We receive the new applications daily. It consumes a lot of time to check each and every one; there's a large queue and we have to be selective when choosing which applications to process first.

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.

So is indacoin a legit exchange or a fraud?

indacoin's profile really impresses! The scores look just like the ones for proven industry leaders, we are fascinated! Should we add that it's definitely not a scam? We consider this trading platform to be listed among approved websites soon and can recommend you try it yourself; you shouldn't be disappointed! And please, don't forget to post a testimonial after your exchange will be completed.

Suggested rating for indacoin: 84 / 100

Alternative solution: how to find the best rate to exchange BTC & crypto in United States and North America

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:

  • The fees and rates provided at the moment by 9 exchange websites of a "Trading Platform" type and 21,986 other offers.
  • BTC/ exchange rate at those or BTC/USD, etc; the availability of service for the residents of United States (and the support).
  • Which local banks & payment systems out of 153 serving US are the fastest, most convenient and cost-efficient personally for you.
  • Amount you need to swap: say, the conditions for exchanging 1.01 will be significantly different from the terms of $47,653.0 conversion.
  • And of course, you see the rating, users reviews (up-to-date 475 real clients testimonials), etc. for all the offers available!
Buying and Selling BTC in United States

Our platform could find 2,224 offers to buy, sell, exchange BTC available to users from United States, and 1,931 of these are for the US Dollar currency. There are totally 28 exchange services supporting US. Some of those are providing the access to USD|BTC market, including such types as Broker, e-wallet, P2P Marketplace, Trading Platform, etc. 7 exchanges has active offers for these currencies right now; you can buy/sell using 95 local and international payment systems & banks! The local dealers and exchanges are mentioning the support of 74 local banking institutions and the payment systems. Besides, there are ways to buy and sell BTC paying with the cash! 2 dealers are providing this service. According to the latest data we have, the lowest fee to purchase BTC with USD locally is available for Western Union, payment system of the Money Orders type. 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 39 exchange websites we compare the rates at! Check out what the local dealers and platforms are offering: currently there are 74 domestic banks supported. Besides, you may find something interesting browsing 21,982 offers available with 95 ways to pay internationally, either to neighboring countries in North America or to any other part of the world. Cash exchange (i.e. the meeting with a dealer) in various areas of United States is possible as well, if you are interested.