Crypto exchange CoinSwitch has introduced Web3 Coins, a feature enabling Indian users to access a broader range of crypto tokens via rupee transactions. This initiative simplifies entry into decentralized tokens, traditionally limited to complex platforms.
Key Features of Web3 Coins
- Rupee-Based Access: Directly purchase tokens using INR, eliminating the need for Stablecoin conversions.
- User-Friendly Design: Removes technical hurdles like private wallet creation or seed phrase management.
- Regulatory Compliance: Includes built-in AML checks, TDS reporting, and user verification.
👉 Explore seamless crypto trading
Market Context
Decentralized exchanges (DEXs) globally handle $2.4 trillion in trading volume with 200 million users annually. Despite this traction, 34% of CoinSwitch’s active users traded new tokens recently, signaling demand for early-stage crypto assets.
How It Works
- Backend Automation: CoinSwitch manages Stablecoin conversions and transactions.
- TRACE Framework: Evaluates tokens for security, liquidity, and community activity before listing.
- Centralized Custody: Ensures compliance with Indian regulations.
Benefits for Users
- Simplified Process: No technical expertise required.
- Early Token Access: Invest in emerging projects effortlessly.
- Regulatory Safety: Built-in compliance measures.
FAQs
Q: Is Web3 Coins available to beginners?
A: Yes! The platform is designed for both new and experienced users.
Q: How does CoinSwitch ensure token safety?
A: The TRACE framework audits tokens across five risk parameters before listing.
Q: Can I use INR for all transactions?
A: Absolutely—rupee payments are fully supported.
👉 Start trading Web3 tokens today
Future Outlook
CoinSwitch aims to bridge the gap between traditional finance and Web3, prioritizing accessibility and regulatory adherence. This launch aligns with India’s growing crypto adoption, offering a secure gateway to decentralized markets.
### SEO Keywords
1. CoinSwitch
2. Web3 Coins
3. Crypto Tokens
4. Rupee Access
5. Decentralized Tokens
6. TRACE Framework
7. Indian Crypto Market
8. Regulatory Compliance