ethx.in review | New Cryptocurrency exchange in India | Worth or Not?
ethx.in — Buy and Sell Ether in India is an Indian exchange which offers you to buy Ethereum using INR. On Ethx, you can instantly buy or sell Ethereum. Unlike on any other platform, where a seller is needed if you want to buy or a buyer is needed if you want to sell, on Ethx you don’t have to worry about that. You can buy or sell Ethereum without any wait.
The co-founder and COO of the company Soul Machine Innovations Pvt Ltd whose product is ethx.in — Buy and Sell Ether in India — Tarusha Mittal
It has faster KYC verification within few hours. The famous ones are overloaded with traffic and they are taking a lot of time in KYC verification. I tried Koinex and even after 2 weeks KYC is still pending. So its better to look for alternatives.
Pros :
- Instant Bank Transfer
- Using a wallet like Paytm
- Traditional bank transfer like IMPS/NEFT/RTGS
It is new in the market so currently its INVITE only.
Invite your friends and family to ethx.
They Get ₹ 200 + ₹ 500* worth of free ether.
You Get ₹ 500* worth of free ether.
Here is the invite link for sign up — ethx.in — Buy and Sell Ether in India
The UI is quite simple and easy to use. Here’s is a screenshot of the UI.
EDIT/UPDATE :
These are the observation what I saw on ethx.in
- Price is always high as compared to Koinex (5–7 k more).
- The difference between selling price and buying price is huge.
- The price does not keeps in sync with the market fluctuations as compared to Coinmarketcap.
- They have increased the transaction fees which is more than Koinex now.
So what I would suggest is to get someone who you know has an active Koinex account and trade using that.
Apply for Koinex and wait for its KYC process to complete.
