Koinex is an Indian multi-coin cryptocurrency exchange that helps individuals to buy and sell bitcoin, ethereum, ripple, bitcoin cash, and litecoin. A few trades happen on this exchange as compared to other Indian cryptocurrency exchanges. However, its website’s interface is very user-friendly and anyone with basic computer knowledge can use this website. Unlike other cryptocurrency exchanges like Zebpay, Unocoin, LocalBitcoins.com etc; in which you’ve to transfer funds to their bank accounts, this exchange used to give a personal unique bank account number to its account holders to deposit and withdraw money. But few months back, the exchange had faced a huge setback due to some problems with its payment partners. And now it has changed its deposit methods. In this tutorial, I’ll be showing you how to deposit money in Koinex wallet. To add money to Koinex wallet, all you need to do is just transfer money to Koinex bank account and money will be added to your Koinex wallet within 1 to 5 days.
Note: Koinex is changing its payment methods very frequently therefore I’m going to show you how to deposit money in Koinex wallet using current payment method.
In this tutorial I’m going to show you how to add money to Koinex wallet through NEFT/IMPS/RTGS. You can transfer money to Koinex wallet through internet banking. If you’re not registered on Koinex then use this link to register on Koinex and get Rs. 50 on sign up.
How to Add Money to Koinex Wallet
Login to your Koinex wallet account and then from the navigation menu, click on Balances.
Now select INR Wallet.
Under INR WALLET section, you can see available deposit methods. As of now, only one payment method, Normal Transfer, is available. And for your information you will have to bear a flat 2 percent charges for deposit which means you will have to pay Rs. 200 fee for deposit of Rs. 10,000.
To add money, simply enter amount in given box say Rs. 5000 or Rs. 100,000 or your desired amount and click on Pay button.
On the next page, click on drop down arrow and select your bank from the list. Subsequently, click on Pay Now.
Next, you’ll be redirected to your bank’s internet banking website. Just login to your internet banking account and authorize transfer request.
Next you will receive an OTP on your registered mobile number that you will need to enter in the given field to confirm your payment. Simply enter the OTP and hit Submit button.
That’s it. You’ve successfully transferred funds to Koinex account. Now after 3-4 hours (sometimes may take 24 hours) amount will be credited to your Koinex wallet then you can buy any listed cryptocurrency from Koinex exchange.
Suggestion: As I mentioned above, Koinex is changing its INR deposit methods very frequently, therefore if you find UPI transfer option there then prefer that method. Otherwise, use another exchange like Zebpay to buy a cryptocurrency because current INR deposit method fee is flat 2 percent which is very high. However, choice is yours.
Disclaimer: This post is only for information purpose. We’re not associate of this exchange and we don’t endorse it too.