CoinDCX Review
3.2/5 · Crypto exchange
CoinDCX review: an FIU-registered Indian exchange with INR deposits and published proof of reserves — but security incidents in 2025 and 2026, the latter still disputed.
Availability in our markets
- Philippines
- Not offered
- India
- Available
- Canada
- Not offered
An India-focused exchange registered with FIU-IND since 2023. Not offered in the Philippines or Canada.
Rating breakdown
- Security & regulation (30%)
- 2.5/5
- Fees (25%)
- 3/5
- Coin selection (15%)
- 4/5
- Fiat access & payments (15%)
- 4/5
- Usability & support (15%)
- 3.5/5
Weighted per our exchange rubric.
Pros
- Registered with India's FIU since 2023
- INR deposits and withdrawals
- Publishes proof of reserves and liabilities
Cons
- ~$44M taken from an internal account in July 2025 (CoinDCX says no user funds affected)
- ~$16M lost from retired deposit wallets in Oct 2026; whether user deposits were affected is disputed
- Fee schedule couldn't be independently confirmed
Key facts
- Spot fees (maker / taker)
- Not confirmed — see fee page
- Coins supported
- Not confirmed
- Fiat methods
- INR
- Regulation
- India FIU-IND (2023)
- Proof of reserves
- Published
- Founded
- 2018
- Operator
- Neblio Technologies Pvt Ltd
We couldn't confirm CoinDCX's current fee schedule (its fee page sits behind a bot check). All Indian exchanges are subject to India's 30% tax on crypto gains and 1% TDS on transfers.
Verdict
CoinDCX is one of the established, FIU-registered ways to buy crypto with rupees, and it publishes proof of reserves. Two security incidents in under 18 months — the second still disputed — are a real concern, so we score its security conservatively until that's resolved.
Who it's for
Indian users who want a locally registered exchange with INR rails. Keep only what you're actively trading on the platform.
Safety, regulation & track record
In July 2025 about $44M was stolen from an internal operational account; CoinDCX said no user funds were affected and absorbed the loss. In October 2026 it confirmed losing about 15.99M USDT from retired deposit wallets after its CEO had initially called breach reports a false alarm. On-chain investigator ZachXBT alleges user deposits were involved, which CoinDCX disputes; as of this review the matter is unresolved. CoinDCX publishes proof of reserves and liabilities.
How we researched this
Desk research on 2026-11-03 against the exchange's own fee and policy pages, regulator notices, and news reporting (listed under Sources). We did not deposit funds. Facts we couldn't confirm from a primary source are marked as such rather than guessed. Availability and fees change often — check the exchange and your local regulator before signing up.