First impressions of Colodax exchange

[libert19]

Ok, so I just tried colodax exchange, and here are my first impressions.

Since they have android app, I installed it.

You need to sign up with email and password first and then need to complete kyc and bank verification before you can trade.

Pan card front, aadhar card front and back photos are required.

For bank verification — account number, ifsc code and account statement are required.

Kyc was verified instaneously.

I deposited some ether, it was successfully deposited in a minute or two.

I sold the deposited ether and withdrew the rupee, received the amount in my bank account within 5 minutes.

The experience has been top notch so far!

[kabit9]

Ok, so I just tried colodax exchange, and here are my first impressions.

Since they have android app, I installed it.

You need to sign up with email and password first and then need to complete kyc and bank verification before you can trade.

Pan card front, aadhar card front and back photos are required.

For bank verification — account number, ifsc code and account statement are required.

Kyc was verified instaneously.

I deposited some ether, it was successfully deposited in a minute or two.

I sold the deposited ether and withdrew the rupee, received the amount in my bank account within 5 minutes.

The experience has been top notch so far!

Wow, thats very fast, both for KYC and for your bank withdrawal.

[allahabadi]

U can also tell us abt the UI and all

Maybe put a few snaps and how they feel

[webtricks]

Thanks for your review.
I remember using this site back in 2018 I guess, before RBI ban. I visited the site once again, although I haven't tried it yet but the volume looks decent for earners (one-time trader or investors). Maybe a little less from traders point-of-view. Also it allows direct INR to Crypto P2P channel which make it easier to use as compared to WazirX and other USDT based P2Ps. It is good to see that new players are popping into Indian crypto market.

[kabit9]

On first glance, prices also look alot closer to reality than Unocoin, etc.

[libert19]

On first glance, prices also look alot closer to reality than Unocoin, etc.

What do you mean by 'reality', less premium?

[kabit9]

On first glance, prices also look alot closer to reality than Unocoin, etc.

What do you mean by 'reality', less premium?

'reality' means international Bitcoin prices (preev.com is a good reference).

'premium' refers to the typical 3-20% premium that Bitcoin prices have enjoyed in the Indian market over the past years and continue to enjoy.