In this article, I will present the Flitpay review, paying special attention to some of its characteristics, safety measures, as well as user experience.
Flitpay has a reputation for being a cryptocurrency exchange with the widest possible variety of cryptos available for trade and an easy-to-use trading interface.
I will find out what sets it apart from the other exchanges and if it caters to novice and expert traders in crypto.
Introduction
Formed in 2017, Flitpay was set up as a result of a collaboration between a team of engineers and developers with crypto-currency-focused interests who wish to provide quick crypto service to the Indian audience.
It is also registered with the Financial Intelligence Unit and is competent to the current PMLA laws.
Beginning with modest numbers, Flitpay has expanded its user community over the years and now caters to both novice and professional traders because of its simple utilization.
Flitpay plans to introduce more than 350 coins to the Indian market, with a special focus on offering a safe and clean platform to retail clients.
The Company intends to be a safe and self-regulatory financial exchange by strictly sticking to security and compliance parameters.
Flitpay Exchange Profile
| Company Name | Flitpay |
| Categories | Cryptocurrency Exchanges |
| Website | https://www.flitpay.com |
| Year Founded | 2017 |
| Headquarters | Jaipur, Rajasthan, India |
| Deposit Fee | Free |
| Minimum Order Amount | 5 USDT |
| Mobile Support | Yes |
| Withdraw Fee | 0 1000SATS |
How to Sign Up on Flitpay Exchange?
To spark registration on Flitpay Exchange, one must complete the following:
Download the App or Visit the Website: Download the Flitpay app from the Google Play Store or Apple App Store or go to the Flitpay website.
Register Your Account: Click the button that says ‘Sign Up.’ Provide your active email address and active mobile phone, and create a strong password. Accept the terms and conditions and press on ‘Register.’
Verify Your Identity: You will also be required to complete KYC verification, which involves providing some identification documents, including a government ID and a photo of yourself.
Secure Your Account: You will use two-factor authentication (2FA) to protect your account further.
Start Trading: When you are verified, you have to fund your account, and then you will be able to trade cryptocurrency on Flitpay.
Flitpay Exchange Fees
Market Fees
Market fees are convenience fees for limited orders. It is inclusive of all organizational taxes. However, it does not constitute users’ taxes. Here is the list of the fees charged on buying/selling a particular cryptocurrency.
| Market | Minimum Order Amount | Buy Fee | Sell Fee | Status |
|---|---|---|---|---|
| BTC/USDT | 5 USDT | 0.20 % | 0.20 % | Active |
| BTC/INR | 100 INR | 0.20 % | 0.20 % | Active |
| ETH/USDT | 5 USDT | 0.20 % | 0.20 % | Active |
| USDT/INR | 100 INR | 0.20 % | 0.20 % | Active |
| XRP/USDT | 5 USDT | 0.20 % | 0.20 % | Active |
| ETH/INR | 100 INR | 0.20 % | 0.20 % | Active |
| XRP/INR | 100 INR | 0.20 % | 0.20 % | Active |
Crypto Deposit & Withdrawal Fees
Crypto fees are transaction fees charged by a blockchain network only when you transfer your crypto funds from one platform to another.
Flitpay charges no fees on crypto deposits and withdrawals. Here is the list of network fees for the deposit and withdrawal of cryptocurrencies.
| Coin/Token | Deposit Fee | Withdrawal Fee | Deposit | Withdrawal |
|---|---|---|---|---|
| 1000SATSSATS | Free | 0 1000SATS | Instant Listing | |
| AAVEAave | Free | 0 AAVE | Instant Listing | |
| ACAAcala Token | Free | 0 ACA | Instant Listing | |
| ADACardano | Free | 0 ADA | Instant Listing | |
| AEVOAEVO | Free | 0 AEVO | Instant Listing | |
| AISLEEPLESS AI | Free | 0 AI | Instant Listing | |
How Many Types of Trading Options Available
Flitpay has different trading features for its users.
Spot Trading
This is the most common form of trade where you buy & sell cryptocurrencies at the real-time existing market prices
OTC Trading
In such type of trading, buyers and sellers make large trades directly without going through a broker1.
Practice Trading Account
This feature enables users to engage in trading without spending actual money, and it is excellent, especially for newbies1.
Crypto Earn
You are able to place your cryptocurrencies in order to earn interest over time.
Crypto Gift cards
These enable you to transfer cryptocurrency to other persons in the form of a gift.
Is Flitpay Safe?
Flitpay is equipped with various user protection systems to avoid any user risks.
The platform is reported to be registered with FIU and embraces PMLA Act regulations, which shows the degree of compliance with legal standards.
Flitpay, however, has advanced strategies such as the provision of two-factor authentication (2FA) and encrypted codes to control access to the system and the funds.
Flitpay intends to create a safe and reliable environment dedicated to cryptocurrency operations in spite of busy security and compliance demands.
Flitpay Exchange Features
The sweep of activity in one currency pairs
The option to buy any of over 350 digital currency systems, such that the user can trade in many different currencies.
An intelligent trading platform
The easier navigation for placing trades and executing them makes trading easier for novices and even veterans.
Anti-money Laundering Policy
Recent PMLA guidelines have been fulfilled, and FIU registration has been done, providing security measures in the marketplace.
Fast deposits & withdrawals
Processing of deposits and withdrawals is done efficiently, increasing transaction speed.
Flitpay Exchange Android & IOS Mobile App
The Flitpay mobile app, available for both Android and iOS platforms, is focused on providing a safe and smooth trading experience.
It has an intuitive and easy-to-use interface that is good for both novice and professional traders.
It features in-depth access to more than 350 currencies, performs excellent real-time transactions with any amount up to two-factor authentication, and executes transactions very fast.
With such a basic and effective app, perfect and safe trading through Flitpay’s app is possible anywhere and at any time.
Flitpay Restricted Countries
| Region | Restricted Countries |
|---|---|
| North America | United States |
| Asia | China, North Korea |
| Middle East | Iran, Iraq |
| Africa | Sudan, South Sudan |
| Europe | Belarus, Crimea region of Ukraine |
Flitpay Referral Program
Traders. Also, Flitpay pays off some commission to its users for referring prospective users to the platform.
When you sign up on Flitpay, you instantly obtain a scratch card on which you can win 250FLT-500FLT.
Many people can earn a scratch card worth 50 FLT-100 FLT by using a Flitpay Referral code, which you can send out to friends and family members.
For instance, some of the benefits you will enjoy after participating in the Flitpay Referral Program are the earning of 50% trader commissions on the trading fees of any referral’s trades, monthly earnings, and the absence of an effortless earning cap. So, sign up for Flitpay and start your lifetime commission!
Flitpay Customer Support
With around 0.5 million global investors entrusting Flitpay services, Flitpay’s reach extends to over 133 countries.
Thus, being able to answer the problems and questions of these many users, Flitpay has prepared a separate webpage to address the concerns.
Apart from that, some other articles and posts deal with general issues faced by Flitpay investors. Even so, you are free to Submit a Request by writing a small note describing your problem and attaching files if need be.
Additional information raised when you might need personal assistance via chat help from WhatsApp and Telegram or email: support@flitpay.com.
Flitpay Alternative Exchanges
CoinDCX
It has advanced and secure features for trading many cryptocurrencies.
WazirX
Offers a multitude of crypto-currencies and staking features along with the application’s traditional layout.
ZebPay
Efficient transaction platform with an important feature of regulatory compliance and access to almost every crypto asset.
Unocoin
It focuses on Bitcoin, allowing users to buy, sell, or store it with a clean interface.
Conclusion
To sum up, Flitpay is a safe and trustworthy venue for performing exchanges of cryptocurrencies in India.
With an intuitive design, a wide assortment of more than 350 cryptocurrencies, and high levels of security, it is suitable for both beginner and expert traders.
It is also trustworthy due to compliance with legislation. Trading through the mobile application or on the website is equally easy, making Flitpay a strong contender for the market and allowing users to indulge in cryptos.
