|Number of assetsavailable
|FAQ, Mail, Live Chat, & Telegram Chat
|English, Spanish, French, German, Italian, Portuguese, Russian, Romanian, Czech
|Accepted payment methods
|methods VISA, MasterCard, only with 3D secure
|Accepted withdrawal methods
|Supported Fiat Currencies
|GBP, EUR, USD, RUB, CAD, AUD, SEK, CHF, DKK, PLN, CZK, NOK, NZD
|Included in the purchase amount
What is Indacoin?
Indacoin is a UK-based cryptocurrency exchange operating since 2014. They’re dedicated to providing the main cryptocurrencies to their users in over 170 countries in the most secure way possible using their debit or credit card.
Currently, people are seeking to buy crypto without a complicated verification process. Indacoin is trying to respond to that need. The company has built a solid user base with 600,000+ verified customers buying different cryptocurrencies.
How easy to use is Indacoin’s platform?
The user experience on Indacoin is usually satisfying. The website is very responsive and always up to date with the latest integrations communicated by Indacoin across its channels. For investment questions, the platform does not act as a financial counselor but provides analytical charts where a crypto prices list can be consulted in order to make the best choices. Personal account is entirely optional, as Indacoin allows the purchase of cryptocurrencies without registration.
However, the personal account allows to buy crypto with less fees, and earn cashback on every purchase. Registration requires an email address and a password, later on you can also set 2FA as an additional security layer.
How is the purchase process?
For a successful purchase you’ll need:
❖ Mastercard or Visa card
❖ Crypto wallet or Indacoin account
❖ Mobile device with camera for phone number and selfie verification
❖ Identity document for KYC (only for first-time buyers)
Once the items are in hand, users should follow these steps below:
➔Visit Indacoin website: Link here
➔Fill in the purchase form: First, go to Indacoin’s homepage and specify the amount and currency you want to buy your token with. Then, enter your email address, your crypto-wallet, and click “Continue” to proceed with your purchase
➔ Residential information: Type in your residential address and your ZIP code and click “Continue”.
➔Phone and KYC verification: Enter your full name, date of birth, and phone number. Then click on “Request a verification code” to receive a code on your phone, paste it, and be validated.
First-time buyers need to go through a unique identity verification process that only takes 15 minutes. A passport, driver’s license or ID card can be used and a selfie can be taken with the camera of your device.
➔Confirm your payment details: Once you have completed your payment details, click “Continue” to be redirected to a confirmation page.\
Available assets at Indacoin
Users will be able to exchange the following government currencies:
GBP, EUR, USD, RUB, CAD, AUD, SEK, CHF, DKK, PLN, CZK, NOK, NZD against the main following cryptocurrencies:
BTC – ETH – XRP – USDT – BCH – LTC – EOS – BNB – LINK – XLM – ADA – TRX – ETC – NEO – IOTA – WAVES – VET – XEM – OMG – ART – ONT – PPC – TELOS – SNB MOVE – BSV – NEXO – BAT – BTCV – CUDOS – CRDT – DNT – DCN – UNI – MAID LGCY – LEXI – KCAL – CVT – NANO – SNC – XDC – SOUL – BCNA – ULTGG – VAIYO CNS – CKB – INDA (Indacoin’s native token) – EGLD – HEX – SGO – BITCI – 2CRZ LBY – PSQ – AION – FREE – STEEM – BCN – TON – KMD – BCD – SHI
Is it safe to purchase on Indacoin?
First, Indacoin has been on the market for 7+ years and built a net of 100+ partners. The HTTPS protocol provides a sufficient level of security as the information is encrypted and it is no longer possible for a hacker to collect users data. Plus, all transactions are forwarded to the VISA or MasterCard payment gateway so Indacoin does not retain sensitive information such as CVV. Personal data is stored in accordance with GDPR and DPA standards, while the consent for data processing and storage can be withdrawn anytime. The exchange provides an additional level of protection by sending a verification code via SMS to the cell phone of its users before the purchase.
Indacoin does not have a set fee schedule as a variety of factors determine the fees. Basically, they’ve included all the fees in the amount of crypto you see in the calculator before making a purchase. It includes bank fees, payment gateway fees, around 1% for legal & maintenance, plus, if you’re buying without registration, it’ll also include blockchain network fees. Overall, fees are considered high but you won’t pay anything extra – just the amount you agreed before making a payment.
Comparatively, the customer support service provided by Indacoin is better than most cryptocurrency exchanges out there. The company has provided different options to get an answer to almost any question 24/7 with a standard response time in chat of about 3 minutes. Support is available via email, live Chat, Telegram Chat or find quick answers in the updated FAQS covering frequently asked questions.
Pros and cons of Indacoin
|Fees not detailed
|Option to buy without registration
|$3K limit for the first purchase
|Buy crypto using a credit/debit card
|Multilingual pages need to be improved
|Customisable affiliate program
|Good customer support
Overall, Indacoin has several strengths, including high security and support. For someone who wants to easily buy crypto with a card and get live support, Indacoin might be the right solution. If there is one complaint, perhaps they should do more work on their multilingual website and review their fee’s structure.
In addition, if you’re interested in buying such coins as NEXO, HEX, EGLD or some of the promising altcoins directly with a card, and get them in about half an hour. In short, you may give Indacoin a try.