IndaCoin Review

(Last Updated On: April 27, 2019)

Many of the newcomers or even experienced traders need to google the easiest way of buying bitcoin or other using direct credit cards without waiting for any identification process or signup with all information Indacoin might be the best options for you.

Indacoin is a UK based online exchange founded in 2014 and is functional till now, originally only Bitcoin was available on Indacoin but as of now, more than 200 alternative coins can be bought on Indacoin.

Indacoin also provides anonymity when using a prepaid card a skype number can also be used for verifications and once verified there are no future limitations on Indacoin.

The website is 3d secure and now has somewhat a little bit confirmation required when filling out the payment form and entering your credit card information you will receive a phone call with a 4 digit call to complete your purchase and your coins will be in your wallet.

According to Indacoin purchasing, cryptocurrencies can take up to 15 minutes but according to some reviews found online users have waited up to 8 hours also.

Disadvantages of Indacoin

The website may look like a gold option to you but there are many disadvantages to suffer including really really high fees at the time of surfing through this platform I tested a $100 transaction which according to Indacoin was 0.010812 BTC which is equal to $80.50, so there is almost 20% fee which is not really nice and extremely high and even on buying Bitcoins worth $1000 you would only be able to get almost $812 in Bitcoin, this price may be good for Indacoin but it is actually not even compared to regulated exchanges or platforms such as Coinbase or Coinmama.

Another Drawback is that there is a limit of buying coins which is maximum of $1000 and is considered really low for full-time traders.

Conclusion

No doubt Indacoin is a legitimate platform but due to its fees, a fact always arouses that it is not worth buying cryptocurrencies using direct credit cards and is better to use long and hefty signup and verification processes to at least save fees the moto of cryptocurrencies is to safe long processes and fees which are related in today’s banking sectors.

Indacoin might only be an option to buy cryptocurrency when a user does not have any other options available.

 


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