Category: Others

Join our Community

       

Dear Community,

We at CoinDCX, as a 100% compliant exchange, regularly update our policies to make sure your funds stay protected always.

We would like to let you know that as per a recent update by the Ministry of Finance, under the Prevention of Money Laundering Act, for any amount of crypto transaction [in USDT] will henceforth require the submission of beneficiary and remitter details. 

You will be able to add the beneficiary and remitter details via the CoinDCX app and web as and when carrying out the transaction. Details regarding the documents required will be shared on app/web in real time. 

We are taking this step to ensure that you are provided with enhanced security against any potential financial disruptions and continue to have seamless access to our services. 

In case of any further queries, please reach out to us at Support here. We would be happy to help you.

Regards,

Team CoinDCX

Join our Community

        

Dear Community,

We would like to inform you that CoinDCX will support the upcoming Shanghai Upgrade, a significant update to the global ERC-20 network, which is scheduled to take place at 03:57 AM (IST) on 13th April 2023, at epoch 194048.

The upgrade will not impact any trading activity on the platform. You will be able to trade as usual on all tokens including ERC-20 tokens. Rest assured, your funds and token balances are safe on the platform.

The Shanghai Upgrade brings important updates to the ERC-20 network, including but not limited to:

1. 1. Enhanced Security Measures: The upgrade includes improved security protocols to further safeguard your funds and protect your account information.
   2. Performance Enhancements: The upgrade aims to optimize the performance of the ERC-20 network, providing you with faster and more reliable transactions.
   3. Bug Fixes: The upgrade addresses known bugs and vulnerabilities to improve the overall stability and functionality of the ERC-20 network.

As with any major upgrade, there may be some temporary volatility in the market, and prices of ERC-20 tokens may experience fluctuations. We advise all users to exercise caution and be prepared for potential price swings during this upgrade period. It is important to conduct your own research and make informed trading decisions.

We expect the upgrade process to be completed within a reasonable timeframe, and we will keep you updated through our official channels, including our website, social media, and email notifications.

We appreciate your continued support, and CoinDCX remains committed to providing you with a secure and reliable trading experience. If you have any questions or concerns, please contact our customer support team, and we will be happy to assist you.

Regards, 

Team CoinDCX

Join our Community

        

Dear Community,

We would like to inform you that with respect to the upcoming Ethereum (ETH) Network Shanghai Merge, we will be discontinuing Liqueth (LQTH), an ETH-backed token for the ETH-2.0 stakers on CoinDCX Pro. For users who currently hold LQTH, we will make LQTH redeemable with ETH at a ratio of 1:1. Please keep reading for more details.

The timeline for redemption will be towards the end of April 2023 (tentative), further details for which will be shared with you in a separate announcement post the Shanghai upgrade. 

What is Liqueth (LQTH)?

Liqueth (LQTH) is a bond-backed token based on proof-of-staking (PoS) reserve protocol, that is generated in a 1:1 ratio for every ETH staked through CoinDCX Pro. 

The token was meant to provide an opportunity to users to get returns on ETH staking and at the same time make the staked ETH liquid in the form of LQTH. 

What is the Shanghai Merge?

The ETH Shanghai Merge is a planned hard fork of the ETH protocol. Along with reduced gas fees and updates to smart contract facilities, this upgrade will also allow ETH stakers to remove their staked funds as validators.

How will this impact you?

Now that ETH foundation has announced the timelines for the Shanghai Merge, staked ETH can be withdrawn either partially (rewards only) or completely (rewards + staked quantity) as per the guidelines issued by ETH Foundation. 

Consequently, we will be unstaking the staked ETH, on behalf of the users, and then withdraw the LQTH token from circulation. For users who currently hold LQTH, we will make LQTH redeemable with ETH at a ratio of 1:1. 

What to do next?

Users can still earn passive income on ETH by putting their tokens on Earn, which allows investors to add passive earnings in addition to benefiting from market movements in the long term. 

To know more about Earn, read our blog here.

In case of any further doubts, please contact our Support team.

Regards, 

Team CoinDCX

Join our Community

        

Referral Program Terms 

1. These terms and conditions shall govern any referral done by you as a User of CoinDCX Platform (“Platforms”) (called “Introducer” for this program)  under the referral program for futures trading (to be referred as “Referral Program”) by (“Referred User”) who enrol on Platforms ONLY via referral link provided by the Introducer. 
2. Both the Introducer and/or each Referred User(s) by him/her are required to  comply with the Terms of Use, the Risk Disclosure and the Privacy Policy governing  use of Platforms, including terms in relation to futures products as available on ____________, at all times. 
3. Capitalized terms not defined herein shall have the same meaning as assigned therein.
4. The Introducer shall be eligible to a referral commission of no more than 20% (twenty) percent of the fee each Referred User paid and received by CoinDCX for each concluded transaction in futures (“Referral Commission”), subject to terms herein.
5. While the above term is applicable to all Introducers and Referred User(s) by such Introducer, only for  iOS Device Referred User:

Referral Commission will be paid out in the form of points, i.e. 20% (twenty) percent of the fee each Referred User paid and received by CoinDCX for each concluded transaction in futures (“Referral Commission”), subject to terms herein.

6. The above-mentioned Referral Commission is payable end of each day, to the Fiat Wallet of the Introducer, subject to any technical issue or any other unforeseen circumstances. 

7. Any attempt to fraud, collude or mislead at any step will result in  disqualification of Introducer and referred Users from the Referral Program and CoinDCX reserves the right to forfeit all Referral Commissions/Bonus and proceed against all parties involved as it deems fit. 

8. Only when a  Referred User(s) does not complete his/her KYC successfully, CoinDCX reserves the right to discontinue, suspend, modify, or cancel the Referral Program or any terms contained herein at any time.

9. The Introducer and referred User(s), by participating in this Referral Program, hereby agree and grant their consent to CoinDCX for sharing their in-app activity with each other including any survey, statistics etc.

10. The Referred User and/or the Introducer shall indemnify and keep CoinDCX indemnified at all times for and against any loss, costs, damages, expenses, liabilities, or claims arising out of any breach by the Introducer or the Referred User of the terms contained herein or of any applicable laws. 

11. CoinDCX may use any third-party evaluation tool or platform to assess the quality of the referred Users being referred under this Referral Program and CoinDCX shall have sole discretion in deciding the eligibility of any referred User, amount/ quantity of Referral Commission and the distribution of the Referral Commission under this Referral Program. CoinDCX shall not entertain any claims in this regard. 

12. Family referral of any degree to Introducer is  not valid or eligible.  

13. The Referral Commission is subject to applicable tax deductions including but not limited to Tax Deducted at Source (TDS) as per the applicable law. 

Join our Community