Monday, May 20, 2024

CoinDCX Go app makes it simple to invest in crypto

People from Rajasthan are one of the biggest investors in Crypto assets in India as per India’s largest exchange in regards to liquidity, volume, and safety. As per Sumit Gupta, CEO CoinDCX, Jaipur, Ahmedabad, Hyderabad are some of the cities which are witnessing a rise in investment into crypto assets. Women from these cities are also increasingly investing in crypto assets from these cities, almost contributing to around 20% of the pie chart.

CoinDCX via its recently launched app CoinDCX Go is trying to bridge the gap between those challenged by knowledge on Crypto and those who are concerned about the safety and security of their investments. 

CoinDCX Go app available both for Android and IoS devices and having been downloaded more than 150000 times since its launch is meant for new users to come on board the crypto space.

On the app, a user can buy or sell Crypto while easily navigating through its secured backdrop and finish his business on the platform as he finishes his coffee or tea. The app only features the very best of 14 out of some 4000+ Crypto assets that exist in the market today. 

The CoinDCX Go App incorporates a 7M framework- a stringent path to list selected Crypto assets – while taking into account the Indian government’s concern to safeguard investors. 

7M framework consists of Model, Mechanics, Management, Market, Motivation, Momentum, and Money. The philosophy of this framework is to ensure that new Crypto investors only invest in the safest and the best crypto assets. 

Emphasizing aspects of frauds that affected the Rajasthan market recently, Neeraj Khandelwal, Co-Founder, CoinDCX said, ‘ensuring safety and security is our topmost priority. CoinDCX has partnered with Bitgo, the most trusted Crypto custodian in the world, to ensure users’ Crypto funds are completely safe and insured on the Go app. In addition, CoinDCX also partnered with Onfido to protect users against user identification fraud, last year. Interestingly both Sumit and I forged OUR friendship and partnership from days we were preparing for IIT in Kota. We would love to engage with people here and help them come #TryCrypto in a safe and secure way.’

The Crypto industry has seen a significant jump in business since the pandemic started. 

In the last few months, more and more global investment firms and investors are starting to invest in Crypto assets. In all of this Bitcoin is leading the race. Today it has a market valuation of over USD 1.3 trillion. Globally many economists and investors view Bitcoin as digital gold. 

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