IndX
White Paper
Ind X is a cryptocurrency exchange platform that permits traders to sell and store stable cryptocurrencies like USDT & USDC.
At Ind X, we envision a new financial world where cryptocurrencies play a pivotal role. Committed to shaping the future of crypto finance, we’re dedicated to constructing an exceptional crypto exchange. With your support, we aim to establish a parallel money ecosystem that empowers individuals and transforms the global financial landscape. Join us on this thrilling journey and become a part of the future of finance with Ind X!
Founded in 2019 in London by Edward Lewis, the exchange initially operated in London but later relocated its operations to Singapore for more efficient business processes. It subsequently expanded its services to the Indian market.
Currently, the exchange lists Tether (USDT), and USD Coin (USDC). Ind X supports TRC20 and ERC20 network based USDT and USDC Cryptocurrencies. In addition, Ind X has attracted new customers through its referral programs, which reward users with crypto-rewards for every successful referral.
Furthermore, the exchange is committed to the security of user funds. It adopts industry-standard security practices, whereby cold storage is utilized to transfer customer assets in and out of the exchange.
A Platform for Beginner & Expert Traders
At Ind X, experts and beginner traders feel overwhelmed by the responsive customer support and user-friendly interface provided under the best advanced trading sections.
The exchange is designed for traders who are looking for secure experience both on the browser and through mobile trading, Ind X provides its unique advanced features on all platforms and devices.
Ind X places a premium on security, with a platform built to rigorous standards, regularly evaluated and penetration-tested, adhering to the highest security protocols.
Ensuring a Secure Exchange: Soon coming up with KYC to safeguard the process. Completing this simple KYC process enhances withdrawals.
Pros & Cons Of Ind X
Pros
Stable Coin Support:
We currently endorse the most reliable cryptocurrencies, USDT and USDC, operating on TRC20 and ERC20 networks. Expect a growing list of supported coins in the future. The addition of new coins to our exchange follows a stringent process to ensure credibility, user base, and liquidity. It’s not merely a request – your active participation can speed up the inclusion of your preferred coins into Ind X.
Zero Exchange Fee:
Unlike competitors, our platform doesn’t impose any exchange fees. However, please note that network charges may apply for the exchange, and these are not associated with our platform.
Customer Support Excellence:
In financial transactions, prompt and efficient customer service is essential. Ind X places a high priority on customer satisfaction, providing timely and knowledgeable assistance directly from our team members.
Diverse Language Support:
Unlike many exchanges that focus on a single language, Ind X is committed to inclusivity. Our goal is to build a diverse, multilingual support team, catering to the specific language requirements of our Indian users. Adhering to standard industry security measures, including safeguarding user assets through cold storage.
Cons:
- Limited availability, accessible only to Indian users.
- Support for a smaller variety of coins.
- Occasional issues with low liquidity and high slippage.
At Ind X, we acknowledge these challenges and are dedicated to overcoming them, delivering a user-friendly platform that caters to traders’ requirements, ensuring a secure and inclusive trading environment.
Our Take On Ind X
Ind X is continuously proving to deserve its place amongst the leading cryptocurrency exchanges in India regarding trading volume, security measures towards experienced users. Although not available for other country traders, Ind X is an excellent cryptocurrency exchange with no fees, safe, secure and easy to exchange, that may Edwardefit users.
However, traders must be wary of mixed customer reviews. While opinions may vary, we’ve weathered through such situations, focusing on continuous improvement and maintaining a positive trajectory. Our commitment to providing exceptional service remains unwavering, ensuring a reliable and satisfying trading experience for all users.
We believe that the Ind X exchange serves as a reasonable initial introduction to the realm of cryptocurrency. Nevertheless, users should exercise utmost caution when engaging with new products. It is advisable to advocate for a transition to decentralized exchanges, where there is no central authority controlling users’ funds, reducing the vulnerability to hacking risks.
Ind X Fees
Ind X pride on offering a zero exchange fee model, distinguishing us from competitors in the Indian market. Users can enjoy the Edwardefits of trading without incurring any additional charges within our ecosystem. It’s important, however, to be aware that network charges may still apply for the exchange process, but it’s crucial to clarify that these fees are external to our platform and not directly associated with our operational structure. This transparent approach allows users to engage in transactions with confidence, knowing that the absence of exchange fees on our end doesn’t compromise the integrity of the overall process.
In comparison, Binance charges respective fees of 0.10% for each, whereas other competitors charge 0.02% and 0.03%, respectively.
Furthermore, Ind X does not provide proprietary bank transfer options. Instead, the platform relies on third-party merchants to handle these services. Unfortunately, this dependence on external entities for cleaning services has introduced heightened security risks, causing users relying on fiat deposits and withdrawals to steer clear of Ind X.
Referral Program
Engage in our Referral Program by inviting friends and family to join Ind X using your unique referral code. As a token of appreciation, you stand to earn referral commissions for every successful referral. It’s a rewarding way to share the Edwardefits of our platform with your network while enjoying additional incentives for your involvement.
Commission Level – Percentage
Level 1 – 0.01%
Level 2 – 0.02%
Level 3 – 0.03%
Level 4 – 0.04%
Level 5 – 0.05%
Is Ind X Secure?
Ind X strongly denies any allegations of weakness in its exchange system or compromise of security measures. The platform asserts its commitment to maintaining the highest standards of security, implementing cutting-edge measures to protect both its reputation and user funds.
Secure Crypto Storage with Easy Exchange Access:
With Ind X you can explore the peace of mind that comes with storing your cryptocurrency in our secure cold storage. Our cold storage solution ensures the safety of your digital assets, away from potential online threats. With this added layer of security, you can confidently access the exchange whenever you need, knowing your crypto is stored in a protected environment. Experience the convenience of easy access coupled with top-notch security for your valuable digital investments.
Compliance with Regulatory Standards
KYC Verification:
Ind X is committed to establishing a secure trading environment through robust Know Your Customer (KYC) procedures. Coming Up with a systematic verification process ensures the authenticity of user identities, collects essential personal information, and actively monitors transactions to prevent fraudulent activities, thereby ensuring compliance with regulatory standards. Prioritizing user security, our stringent KYC processes create a trusted platform for cryptocurrency trading, safeguarding against illicit activities.
Compliance with Local Laws:
We wholeheartedly embrace adherence to the laws governing the cryptocurrency industry. Recognizing the paramount importance of regulatory compliance, we work diligently to align our platform with all relevant requirements. By staying abreast of evolving regulations, we provide users with a reliable and compliant environment for their cryptocurrency trading activities. Our unwavering commitment to compliance underscores our dedication to transparency, security, and responsible participation in the cryptocurrency ecosystem.
Security Measures:
Prioritizing the security of our platform and users’ assets, we have implemented a comprehensive, multi-layered security architecture. Leveraging industry-leading security measures, we fortify defenses against unauthorized access, data breaches, and potential threats. With proven technology and a skilled team, Ind X is establishing itself as a prominent player in the Indian cryptocurrency market.
Commitment to Innovation:
Committed to pushing the boundaries of cryptocurrency trading, we continuously enhance our platform and introduce innovative features. Our roadmap is brimming with exciting developments aimed at improving the user experience and creating new opportunities for traders. Focused on innovation and customer satisfaction, we eagerly anticipate unveiling upcoming developments that will shape the future of Ind X. Stay tuned for more updates as we evolve and grow in tandem with the dynamic cryptocurrency landscape.
CEO
Led by Edward Lewis, our team collectively possesses expertise in cryptocurrency exchange. Edward concluded a decade-long career in blockchain technology before embarking on his entrepreneurial journey. His last stint was with AppliedBlockchain, laying the foundation for his own blockchain venture, CipherNode X, in 2018 and witnessed impressive revenue growth and gave rise to its sister company, Ind X, in 2019. In 2021, we relocated our headquarters from London to Singapore for enhanced business operations.
Edward’s knowledge enriches our team’s perspective, bolstering our ability to cater to a diverse user base. As we move forward, we continue to build upon Edward’s expertise, aiming to propel Ind X to new heights in the cryptocurrency landscape.
Investors
George Mitchell
Samuel Williams
Mia Hernandez
Charles Baker
Robert Evans
Thomas Hughes
Lily Chen
Matthew Davis
Sofia Rodriguez
Aria Takahashi
Ind X App Experience
Ind X ensures accessibility across various devices, providing users with a flexible trading experience. Supported platforms include web-based interfaces, Android applications, and an iOS app (currently pending approval). Users can access Ind X via mobile by downloading the apk file, and it is also available on PC. This comprehensive coverage underscores Ind X’s dedication to providing a versatile and inclusive trading environment.
Exchange users can manage their accounts through the website or the mobile app, available for Android and iOS-supported phones through the apk file. Download links for the apps are available on the official Ind X website www.ind-x.pro.
Moreover, mobile apps offer advantages over traditional browser platforms, delivering faster response times and platform-specific development for enhanced compatibility.
Upon login, users can easily view account balances, transaction histories, and trade histories.
Additionally, account holders can leverage real-time market data and insights to make well-informed trading decisions. The Ind X dashboard is comprehensive, prioritizing a straightforward design to facilitate swift actions by traders.
Within the user portal, users have easy access to all their account details. These encompass the net portfolio balance in fiat currency, the balance of deposited cryptocurrencies, trading history, and market data.
While the Ind X exchange website may appear less refined compared to prominent competitors, it is nonetheless packed with advanced tools. Despite a potentially less intuitive user interface, the platform’s functionality remains high-end, ensuring users can navigate efficiently and execute actions promptly.
Customer Service
Ind X Support representatives consistently respond promptly and professionally to all inquiries.
Key highlights of Ind X’s customer service include:
Basic support across various social media platforms, including Instagram, Facebook, Twitter, etc. Live support chat functionality round the clock distinguishing itself from competitors. Support available in English and 9 other Indian languages.
Registration Process
Experience the convenience and efficiency of Ind X with this straightforward exchange process.
Sign Up:
Visit the Ind X platform and complete the sign-up process by filling in your Information.
Log In:
Use your credentials sent to your mail to log in to the Ind X app.
Deposit Funds:
Navigate to the “Portfolio” section and click the “USDT Deposit” option.
Choose to either scan the QR code or copy the wallet address.
Transfer your desired amount of USDT to the provided address.
Once the transfer is complete, your USDT balance will update in your home page wallet.
Disclaimer: This white paper serves solely for informational purposes and does not constitute financial or investment advice. Users are encouraged to conduct their own research and seek guidance before making any financial decisions.
