KoinBX

KoinBX is a centralized Indian cryptocurrency exchange founded in 2018 and headquartered in India, offering spot trading between major cryptocurrencies and the Indian rupee (INR) alongside crypto-to-crypto pairs. The platform is registered with FIU-IND (Financial Intelligence Unit – India) as a virtual digital asset service provider, the regulatory regime that applies to crypto exchanges operating in India under the Prevention of Money Laundering Act framework. KoinBX requires KYC verification for all trading accounts and supports a minimum investment threshold as low as ₹100 to make spot trading accessible to first-time Indian crypto users.

The exchange runs both a web platform and dedicated mobile apps, with order types and charting tooling oriented toward retail traders rather than professional market makers. Beyond plain spot trading, KoinBX operates a staking and yield product called KoinBX Earn that lets users generate income on idle holdings, and lists a mix of large-cap assets like Bitcoin, Ethereum and USDT alongside a long tail of smaller altcoin pairs. A public REST and WebSocket API is available at koinbx.com/api for users who want to automate strategies or pull market data, and a published fee schedule is hosted at koinbx.com/fees.

Asset security on KoinBX is built around two-factor authentication, end-to-end encryption, and a custody arrangement that mixes hot wallets for daily withdrawals with cold storage for the bulk of customer balances, with regular system audits described in its public documentation. Because KoinBX is regulated as a virtual digital asset provider in India, gains realised through the exchange are subject to the 30% Indian crypto tax and the 1% TDS that applies to virtual digital asset transfers; users should expect KYC, INR deposit/withdrawal flows and tax reporting to follow Indian compliance norms rather than international retail-exchange conventions.