To read our latest announcement on Crypto transfers, please Click Here.
Due to enhanced requirements for providing seamless INR deposits & withdrawals, CoinDCX has been strengthening its compliance and risk framework.
This was done in a series of steps, including improving KYC coverage, enhancing the risk framework for crypto deposit & withdrawal, and integrating with compliance and monitoring tools like Coinfirm, Solidus Labs, Signzy, Digilocker, etc., over the last six months. Over the past month, we have been gradually restricting crypto deposits & withdrawals for multiple users.
How does it impact you?
- Every user needs to complete their KYC on the CoinDCX platform.
- Crypto deposits & withdrawals remain disabled for everyone by default. One must follow an enhanced due diligence process to enable crypto deposit/withdrawal.
- For crypto deposits, all old addresses across wallets are still active and continue to receive funds. We are in the process of disabling the same.
- INR deposits & withdrawals continue to function as normal. Users can deposit or withdraw funds through the INR route as usual.
We have always been committed to providing a simple, seamless, and compliant experience for investing in crypto assets. These steps will strengthen our resolve to build a compliant brand in India.
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