While blockchain technology provides cryptocurrencies with a sense of transparency and safety, the crypto space is not devoid of thefts, scams, and other risks of losses. Despite the growing popularity of cryptocurrencies in India, not all investors are still convinced of the safety of the crypto market. CoinDhan, an emerging crypto exchange promises complete security from all kinds of fraudulent transactions and wallet thefts to the institutional traders, coming out as a credible choice.
CoinDhan is the brainchild of its CEO Sagar Goyal and CTO Rohit Jindal who hold their degrees in B.Tech from NIT Jaipur and IIT Hyderabad respectively. With a work experience of 7 years as a software engineer in Amazon, USA, Sagar was soon driven to the crypto space due to its potential for exceptional growth. Since 2016, he has been involved in crypto during which he noticed the lack of reliable crypto exchanges focusing on industrial needs in a country like India. This led Sagar to join hands with Rohit and build CoinDhan. The duo together bootstrapped coindhan.com to bring innovation to the Indian crypto market.
Sagar and Rohit have been working tirelessly to make CoinDhan a reality. Based out of Gurgaon, the firm levies strict KYC requirements to make their exchange platform fraud-proof. Their world-class blockchain surveillance system is dedicated to preventing money laundering threats and detecting suspicious transactions. They are putting extensive efforts to establish a one-stop solution for institutional traders. The platform offers instant INR withdrawals which are advantageous for institutional investors. At the same time, they have dedicated relationship managers to make the crypto investing experience more appealing to investors and traders. Additionally, the high liquidity rate of their platform provides investors with a sense of stability in the market.
Making crypto trading more accessible
CoinDhan is dedicatedly working towards making the crypto world a safer space for retail and institutional traders. One of the major attractions of cryptocurrencies is that their protocol is built on a decentralized technology like blockchain. Therefore, the crypto market is free from any kind of institutional manipulation like change in the interest rate or market policies. However, this decentralized or distributed nature also comes with disadvantages such as the absence of any regulatory authority and consumer protection. Potential thefts and scams are a prevailing concern in the crypto market. Without any legal backing, it becomes the responsibility of the traders to safeguard their cryptocurrencies. Scams like doubling scams, phishing scams, imposter & giveaway scams, investment scams and fake ICO scams have become rampant in the crypto market. Considering the threats, CoinDhan has devised methods to have a safe trading environment that mitigates the risks.
In the latest Budget, the government has not only introduced a new crypto taxation regime but also hinted at the introduction of the country’s own digital rupee. Budget 2022 has been a milestone for the Indian crypto market as it has brought cryptocurrencies closer to getting legal status in the country. Moreover, the new digital money will open possibilities before the Indian crypto space and push the Indian economy towards further digitisation. Given this development, Coindhan will be a close alliance to the government’s vision for a safer crypto space.
As India plans to bring cryptocurrencies under the umbrella of Goods and Services Tax (GST), CoinDhan’s exchange platform is designed to be 100% GST compliant so that traders don’t face any taxation issues. In addition, to ease the process, the firm is also providing personalised tax assistance to traders for free.
The Indian government is seeking to regulate the Indian crypto market in the near future. In view of that, CoinDhan is ready to provide more opportunities to institutional traders. Within less than a year since its inception, the exchange platform has already built a strong team of 15 and is looking forward to rapidly growing in the coming years riding on their secured crypto trading services.
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