While CoinDCX is a prominent cryptocurrency exchange in India, its primary focus on the Indian Rupee and some user-reported issues with fees and support may lead you to seek other options. This article will explain what CoinDCX is, detail the reasons you might consider an alternative, and present other platforms that could be better suited for your specific needs, especially for global payments.
What is CoinDCX?
Established in 2018, CoinDCX is a leading Indian cryptocurrency exchange offering a user-friendly platform for trading a wide range of digital assets. The company provides a comprehensive product suite with tools for beginners and advanced traders, alongside free educational courses to promote informed decisions.
The platform is known for its competitive trading fees and robust security protocols, which are often praised by its users. However, its primary support for the Indian Rupee can be a drawback for international users seeking to trade in other fiat currencies.
What to Consider When Selecting a CoinDCX Alternative?
When searching for a platform to replace CoinDCX, especially for business or global payment needs, several key factors come into play:
- Global Fiat Currency Support: Look for platforms that handle major currencies like USD and EUR, not just the Indian Rupee, to facilitate international transactions.
- Integrated Business Tools: Consider services that offer features beyond simple trading, such as payroll processing, expense management, and corporate cards.
- Fiat-to-Crypto Conversion: Prioritize platforms that provide straightforward conversion between traditional fiat currencies and stablecoins like USDC for operational ease.
- Responsive Customer Support: Ensure the provider has a reputation for reliable and accessible customer service, which is vital for resolving business-critical issues quickly.
- Transparent Fee Structure: Evaluate the platform’s fees for all transaction types, including international wires, currency exchange, and crypto conversions, to avoid hidden costs.
If these considerations align with your needs, the following section details several alternatives that might be a better fit for your operations.
10 Best Alternatives to CoinDCX
1. OneSafe
OneSafe is a finance platform built to streamline banking for businesses, particularly those operating in the Web3 and crypto industries. We offer the tools for straightforward fund management, fast payments, and access to both traditional and digital assets.
Our platform enables a direct 1:1 conversion from USD to USDC on Polygon, simplifying payroll and expense management for global teams. Businesses benefit from our streamlined onboarding, rapid account setup, and responsive customer support tailored for the digital asset space.
Pricing
Here's a glance at our straightforward pricing:
- Free General Services: Enjoy free account opening and maintenance, no monthly subscriptions, and complimentary virtual and physical card issuance.
- Low-Cost Domestic & European Transfers: US domestic ACH and wires are just 0.1% per transaction, while SEPA payments in EUR are 0.2%.
- Transparent International Wires: We charge 0.2% plus a $50 SWIFT fee for international wires, ensuring clarity on global payments.
- Competitive Crypto Fees: USDT transactions have a simple 0.1% fee, and fiat-to-crypto conversions are included at market rates with no hidden charges.
- 3% Corporate Card FX: A standard 3% fee is applied to any spending on your corporate card in a currency other than USD.
Reviews
Clients consistently praise our platform for its exceptional customer support and ability to solve complex banking challenges for modern businesses, especially those in Web3.
- “OneSafe has the best customer support I've ever experienced from a bank.” - Amit Chu, Investments @ Celo Foundation
- “OneSafe is a game-changer. They solve so many headaches for our company. Finally a banking solution that gets it.” - Marco, CEO of Ensuro
Want to learn more? Check us out here.
2. Kontist
Kontist is a German financial service provider that delivers business banking solutions specifically for freelancers and the self-employed. It aims to simplify financial administration for independent professionals operating in Germany.
The service incorporates automatic tax estimation and calculates tax liabilities in real-time. It also allows users to allocate and reserve funds for upcoming tax payments.
Pricing
Here's a glance at their pricing:
- Free Business Account: Includes a German IBAN, a physical Visa debit card, and real-time tax estimation.
- €11/month + VAT Start Plan: Adds subaccounts and 30 SEPA transfers.
- €25/month + VAT Plus Plan: Includes VAT return and business evaluation.
Reviews
User feedback indicates some concerns regarding high fees, limited free transactions, and the responsiveness of customer service. Check out more Kontist reviews here.
3. Moss
Moss is a technology-enabled platform for expense and financial management designed to help companies organize their spending. It provides a centralized system for businesses to oversee their financial workflows.
The service includes corporate credit cards with adjustable limits, digital invoice processing, and automated accounting integrations. Additionally, it facilitates employee expense claims and offers controls for purchase orders and budget monitoring.
Pricing
Moss offers a modular pricing structure with a base package and optional add-ons for additional features. Specific pricing details are not publicly available; interested businesses must contact Moss directly for a personalized quote.
Reviews
User feedback points to a need for more flexibility in features like approval workflows and reporting, with some customers also noting that support response times can be slow. Check out more Moss reviews here.
4. Hype
Hype is an Italian fintech company established in 2015, offering digital banking services for individuals and businesses. The company provides tools designed to simplify financial management.
Its services are delivered through a mobile app that provides real-time notifications, budgeting tools, savings goals, and instant payments. Hype also offers HYPE Business, a service tailored for professionals and small enterprises.
Pricing
Here's a glance at their pricing:
- €2.90/month HYPE Business: Includes a World Elite Mastercard, free SEPA transfers, free F24 payments, and access to features for tax and expense monitoring. The service also provides free cash withdrawals in euros from any ATM.
Reviews
User feedback indicates some concerns regarding customer support responsiveness, the presence of ads within the app, and account processing delays. Check out more Hype reviews here.
5. Bunq
Bunq is a Dutch fintech company founded in 2012, offering mobile banking services for personal and business use across 30 European countries. The platform provides accounts with features such as multiple International Bank Account Numbers (IBANs) and multi-currency support.
It also includes a public API for developers and incorporates a sustainability element by planting trees based on the user's subscription plan. Customers are also given the option to invest their funds in environmental projects.
Pricing
Here's a glance at their pricing:
- Free bunq Free: Free for sole proprietors, includes 3 bank accounts with IBANs.
- €7.99/month bunq Core: Includes 3 bank accounts with IBANs.
- €13.99/month bunq Pro: Includes 5 bank accounts with IBANs.
- €23.99/month bunq Elite: Includes 25 bank accounts with IBANs.
Reviews
User feedback indicates some customers have experienced challenges with the service, citing issues with customer support, slow response times, and difficulties resolving account-related problems. Check out more Bunq reviews here.
6. Countingup
Countingup is a UK-based company founded in 2017 that offers a business current account with integrated accounting software. This combination allows small businesses to manage their finances within a single application.
The platform provides instant invoicing, automatic expense categorization, receipt capture, and real-time tax estimates. It is designed to automate financial administration, enabling business owners to focus on their core operations.
Pricing
Here's a glance at their pricing:
- £3 per month: For accounts with total monthly deposits up to £750.
- £9 per month: For accounts with total monthly deposits between £750 and £7,500.
- £18 per month: For accounts with total monthly deposits exceeding £7,500.
- Transaction Fees: Additional charges apply from the outset, including 30p for transfers, £1 for ATM withdrawals, and 3% for foreign transactions.
- Three-Month Free Trial: A free trial is available, allowing users to test the service before committing to a subscription.
Reviews
User feedback indicates some customers have experienced issues with account suspensions and delays in fund transfers. Other reviews mention limited customer support, noting the absence of phone assistance and slow response times. Check out more Countingup reviews here.
7. Airwallex
Airwallex is a financial technology company founded in 2015 that provides a suite of services including cross-border payments, multi-currency business accounts, and expense management. The platform offers corporate cards and other financial tools designed for businesses operating internationally.
The service allows businesses to hold funds in over 20 currencies and make local transfers to more than 120 countries, with foreign exchange rates marked up from interbank rates. It also offers integration capabilities with accounting software like Xero, QuickBooks, and NetSuite.
Pricing
Here's a glance at their pricing:
- Free Explore Plan: Available for users who deposit at least $5,000 per month or maintain a minimum balance of $10,000. It includes multiple business accounts and free transfers to over 120 countries.
- $99/month Grow Plan: Includes all features of the Explore Plan, adding international batch transfers, expense management, and bill pay services.
- $499/month Accelerate Plan: Includes all features of the Grow Plan, plus centralized management of finances across global entities and single sign-on capabilities.
- Custom Plan: Pricing is tailored for high-volume businesses or those requiring custom API implementations, with details available upon request.
Reviews
Some users report issues with customer service, citing delayed responses and limited support options. Other feedback points to challenges with account suspensions and the Know Your Customer (KYC) process. Check out more Airwallex reviews here.
8. Revolut
Revolut is a British financial technology company established in 2015 that provides a range of banking services. It offers current accounts, debit and credit cards, stock and cryptocurrency trading, and peer-to-peer payments.
The platform allows users to manage and exchange over 25 currencies and supports both local and international money transfers. It also provides team management tools, such as issuing cards with spending controls, and connects with accounting and HR software.
Pricing
Here's a glance at their pricing:
- From £10/month Basic Plan: Provides essential features for running a business.
- From £30/month Grow Plan: Offers additional tools to manage spending and operations.
- From £90/month Scale Plan: Designed for businesses with higher transaction volumes and advanced needs.
- Custom Enterprise Plan: Pricing is tailored to specific business requirements.
Reviews
User feedback indicates some customers experience challenges with support and note the absence of certain traditional banking features. A few users also report difficulties with account verification. Check out more Revolut reviews here.
9. Propulse by CA
Propulse by CA is an online banking and management platform developed for entrepreneurs, freelancers, and small businesses. It provides a collection of features intended to help users manage their financial and administrative duties.
The service furnishes users with an online business account that includes a French IBAN and a Visa Business card. Additionally, the platform facilitates automated invoicing, expense management, and allows for URSSAF declarations to be filed through its application.
Pricing
Here's a glance at their pricing:
- Starter Plan: €8 per month.
- Start+ Plan: €17 per month.
Reviews
Some users report difficulties contacting the company for support, leading to delays in account creation and issue resolution. Check out more Propulse by CA reviews here.
10. Everestcard
Everestcard is a neobank that offers financial management solutions for businesses. The service provides instant issuance of both virtual and physical Mastercard credit cards, giving teams immediate access to funds.
The platform features 100% online management, allowing for real-time control over cards and expenses via a dashboard and web application. It also includes expense management tools such as automated reports, digital receipt scanning, and transaction history tracking.
Pricing
Here's a glance at their pricing:
- €20 Monthly Fee: Includes up to three Mastercard credit cards, both virtual and physical, and access to expense management tools.
- €5 Per Additional Card: Each card beyond the initial three costs an additional €5 per month.
- 90-Day Free Trial: The platform provides a 90-day free trial, allowing businesses to explore its features before committing to a subscription.
Reviews
User feedback indicates concerns regarding the company's reliability and responsiveness. Reviewers have reported issues with slow customer support and problems accessing their accounts. Check out more Everestcard reviews here.
Which One Should You Go With?
Choosing the right financial platform depends entirely on your business's unique demands, and any of the options above could be a great fit. However, if you're looking for a robust solution tailored for global payments and digital asset management, we believe OneSafe stands out as the ideal alternative. Ready to simplify your business banking? Sign up for OneSafe today.
