Indacoin Wallet Review for Dummies and Pros

Indacoin is a multiple-coin crypto wallet to be used on mobile devices. The owner is Indacoin Limited from the United Kingdom. Most often, users of Indacoin Cryptocurrency Exchange register this wallet. It has been available since 2013. The main feature is buying/selling popular tokens with the help of credit and debit cards. 

The website interface is very convenient and translated into 9 languages, including English, Spanish, Russian, Turkish, Arabic, and others. The platform operates in more than 100 countries around the world, including the Latin and Central American market. The exceptions are the United States and China. 

Website Assessment and Supported Crypto

The interface is pleasing to the eye and the information is conveniently located. It is easy to find the necessary info or features. Indacoin is not a standard exchange, so it will not be seen in the usual ratings of crypto exchanges. It is rather associated with the wallet. You can trade here. The site has been translated into 9 languages, which makes it user-friendly.

Up-to-date, Indacoin wallet is doing pretty well when it comes to the range of supported currencies. More than one hundred altcoins are accessible, and here are just some of them:

- Bitcoin (BTC)

- Ethereum (ETH)

- Ripple (XRP)

- EOS (EOS)

- Litecoin (LTC)

- Bitcoin Cash (BCH)

- Tether (USDT)

- TRON (TRX)

- Stellar (XLM)

- Binance Coin (BNB)

- Cardano (ADA)

- Monero (XMR)

- IOTA (IOTA)

- DASH (DASH)

- NEO (NEO)

- Ethereum Classic (ETC)

- NEM (XEM)

- Zcash (ZEC)

- WAVES (WAVES)

Sign-Up Process

Indacoin crypto wallet is compatible with all iOS and Android gadgets. In the first case, your OS should be no less than 9.0, while in the second, make sure it is at least Android 4.1.

Registration is optional if the user is going to use instant purchase of cryptocurrency for fiat money. Only if the trader is going to trade on Indacoin, then he or she needs to sign up. To do this, it’s necessary to enter email, confirm it through the link sent, and come up with a unique nickname and password.

Trading Interface

The trading interface looks intuitive: an exchange window, where you need to specify payment information (exchange amounts), your mail, and the address of the crypto-wallet. With the help of a payment card, 5 fiat currencies can be used: USD, EUR, RUB, AUD, and GBP. You will not see the order book here, as well as the trading chart of the selected digital currency. This platform is popular mainly due to the fact that you can exchange fiat currencies for digital and vice versa using payment cards.

It is impossible to say exactly what commission is charged by the site, since it depends on various factors. To calculate the final amount, it is recommended to use the calculator located on the site, which will display the final amount of the cryptocurrency, taking into account the fee.

The site has a function of sending cryptocurrency to other users - it is enough to specify the recipient's phone number. In addition, Indacoin wallet offers a very convenient mobile application through which you can also perform most of the operations:

- Verify transaction 

- Send cryptocurrency to another user

- Make an exchange

- Choose and view prices of various coins

Safety & Security

Verification at Indacoin is optional and simple via a mobile phone. If the client has monthly I/O operations in the amount of more than 10,000 euros, the company may ask the user to provide some additional information. Indacoin strictly complies with the EU data protection regulations, in particular the General Data Protection Regulation (GDPR). In your personal account, you can pick two-factor authentication and set up withdrawals. Indacoin Limited is registered in the UK with the company number 08924450.

Deposit and Withdrawal of Funds

The limit for the first purchase is set at 500 euros, and the next transaction can be carried out within 2 working days with a limit of 3000 euros. There is no commission for depositing and withdrawing funds as the company earns on the difference in rates.

Support

You can contact the wallet’s support service via online chat or email indicated on the Indacoin official website. Having addressed the question by email, we received an answer in 2 hours. 

Verdict 

Indacoin can be called an advanced platform for buying cryptocurrency and storing your coins. Its main advantages are instant exchange at a convenient rate, the ability to use bank cards, and an intuitive interface. At the moment, the withdrawal of fiat money is not possible, which makes the platform less attractive compared to crypto services that work with fiat.