Indacoin - Review
Established in 2014 and located in the UK, Indacoin is a great platform that enables users with its modern website to buy Bitcoins or Ethereum using a credit/debit card.
The reason that Indacoin became more and more popular is that opposed to other bitcoin exchanges/brokers, users are not required to go through a verification process in order to buy Bitcoin or Ethereum.
The buying process is pretty straight forward, all it requires is to provide your phone number and type in the code you receive in a SMS message for coinfirmation.
There is however a slight downside to this process. Indacoin first limits the amount that you can by:
The first transaction is limited to 50$, the second transaction (possible only after 4 days) is limited to 100$, third transaction (possible after 7 days) is limited to 500$ and for the total first month there is a limit for 5000$ and afterwards you can buy without any limit.
- Modern desktop/mobile site with great user interface.
- Simple buy process.
- Available for over 200 countries.
Sign Up Process
No sign up process Yay!!
As for fees, Indacoin do not charge deposit/withdrawal fees but the Bitcoin price will be higher from the average exchange depends on the amount you buy.
Pros and Cons
- No sign up process.
- Great user interface.
- Fast delivery of Bitcoins.
- Credit/Debit card only.
- No other cryptocurrencies
Great place to start, especially if you're a first timer.