According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Fixed trading commissions, no commissions for depositing and withdrawing funds, the referral program gives three types of bonuses
Our Evaluation of Flitpay
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Flitpay is a high-risk cryptocurrency exchange with the TU Overall Score of 2.94 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Flitpay clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
The Flitpay exchange offers generally favorable terms of cooperation. It is simple and easy to learn, as it uses a web terminal based on TradingView and an adaptive mobile application for iOS and Android. The key advantages of the crypto exchange are the variety of trading instruments, the availability of a demo account, the high speed of execution, and the security of traders’ funds.
Brief Look at Flitpay
The Flitpay Indian exchange was launched in 2017. On the platform, you can trade Bitcoin (₿) and the most popular altcoins, including Ethereum (Ξ), Litecoin (Ł), DOGE (Ð), USDT (₮), and XRP. Fiats are represented only by the Indian rupee. The deposit and withdrawal of funds are possible through many channels, including bank transfers, cards, and electronic wallets. There are no commissions for these operations. Trading commissions are fixed at 0.2% on other transactions. In addition to trading, the platform provides an integrated service for exchanging cryptocurrencies among themselves and cryptocurrencies with the Indian rupee. The exchange has its own FLT token. Trading is possible both in the browser and in the mobile application. All transactions are carried out almost instantly. Flitpay offers standard and demo accounts.
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- in pairs of crypto-crypto and crypto-fiat, several dozens of the most popular cryptocurrencies are available;
- the platform does not charge commission fees for depositing or withdrawing funds and transfers between traders;
- most deposit and withdrawal options are available, including bank cards and electronic wallets;
- the platform works stably in 24/7 mode with high-speed executions;
- a modern KYC-standard system for protecting user funds and data;
- the exchange offers a demo account to familiarize beginners with the principles of crypto trading.
- there are crypto-fiat pairs, however, fiat funds are represented on the platform only by the Indian rupee;
- although the commission is 0.2%, which is average for the market, there are quite a few crypto exchanges that have lower trading fees;
- you can contact technical support only through tickets on the platform and by email;
- there is no call center.
TU Expert Advice
Financial expert and analyst at Traders Union
Flitpay, like most Indian cryptocurrency exchanges, works only with rupees as the fiat currency. However, at the request of traders, the platform introduced Tether, which is backed by the US dollar. It also allows you to withdraw funds to e-wallets and exchangers without commission, which simplifies the conversion process. There is also a converter on the exchange itself but without European or other fiats.
In terms of functionality, the platform is standard, as it is represented by a typical TradingView web terminal, which is recognized by experts as the simplest and most versatile. The functionality they offer is not enough for high-level professionals who will require additional tools, but for beginners and traders with average experience, this platform is sufficient.
Another advantage for beginners is the presence of a demo account and the absence of an initial deposit. There are no restrictions on depositing and withdrawing funds, and you can use cards and accounts of most banks. The exchange offers its proprietary KYC-protected multi-currency e-wallet. Otherwise, the conditions are standard. Flitpay has an average commission, and communication with technical support is done by mail. Reductions in trading commissions due to the bonuses from the Traders Union are another advantage of the platform.
Flitpay Summary
| 💻 Trading platform: | Proprietary platform based on TradingView |
|---|---|
| 📊 Accounts: | Demo, standard |
| 💰 Account currency: | INR, also BTC, ETH, USDT, DOGE, and other altcoins |
| 💵 Deposit / Withdrawal: | Bank transfers and cards, e-wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Commission: | Spot: 0,2%-0,2% |
| 🔧 Instruments: | 25 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | N/A |
| ⭐ Trading features: | Fixed trading commissions, no commissions for depositing and withdrawing funds, the referral program gives three types of bonuses |
| 🎁 Contests and bonuses: | Yes |
Flitpay has average trading fees and no deposit/withdrawal fees. However, the amount of fees is not the only indicator that must be considered when choosing a platform for active trading. What matters is the account’s currency, the presence or absence of a demo mode, mobile trading, the number of trading instruments, and investment decisions. The table below shows the basic data for Flitpay.
Flitpay Key Parameters Evaluation
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Regulation and safety
With a 6.75/10 score, Flitpay demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- No successful hacks history
- Cold wallet storage
- Government-regulated
- 2FA
- No investor protection fund
- No facial recognition
- Not tier-1 regulated
- Not U.S regulated
Flitpay Security Factors
We also compared Flitpay against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Flitpay | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is Flitpay a regulated crypto exchange?
Flitpay is regulated by a government authority, ensuring compliance with national and international standards. However, it does not hold Tier-1 regulation (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or other jurisdictions with strict financial oversight). While this regulation provides an added layer of security and legitimacy, it may not offer the highest level of investor protection found in top-tier regulatory environments.
Flitpay is authorized or licensed in accordance with local regulations in the following regions: India.
Is verification (KYC) mandatory at Flitpay?
Yes, KYC verification is mandatory at Flitpay. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Flitpay available?
Flitpay complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, Spain, United Kingdom, Nigeria, Malaysia, South Africa, Australia, Canada, Pakistan, Philippines, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, Indonesia, Kenya, UAE, Iran, Islamic republic, Turkey, France, Bangladesh, Thailand, Italy, Egypt, Poland, Sri Lanka, Belgium, Norway, Saudi Arabia, Brazil, Vietnam, Czech Republic, Greece, Japan, Uganda, Ghana, Morocco, Finland, Bulgaria, Korea, Algeria, Azerbaijan, Estonia, Argentina, Peru, Austria, Chile, China, Mexico, Denmark, Germany, Kazakhstan, Uzbekistan, Colombia, Moldova, Kyrgyzstan, Venezuela, Lithuania, Ireland, Slovakia, Georgia, Tajikistan, Armenia, Hungary, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Flitpay support.
Is Flitpay available in the USA?
Yes, Flitpay is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Flitpay commissions and fees
Flitpay received a 5.75/10 score for its trading fees. While Flitpay is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- No deposit fee
- Spot fee above industry average
- Withdrawal fee may be applied
- P2P fee applied
What are Flitpay trading fees?
We analyzed Flitpay’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Flitpay trading fees vs competitors
| Flitpay | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,2 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,2 | 0,22 | 0 | 0.194 |
What are Flitpay deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0009 BTC 0,01 ETH |
Does Flitpay offer P2P trading?
No, Flitpay does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
Flitpay received a 5/10 rating for its deposit and withdrawal services. While Flitpay covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- PayPal payments
- Bank transfers for deposits and withdrawals
- Withdrawal fee applies
- No P2P transfer option
- No support for bank card payments
Deposit and withdrawal options
Flitpay supports the following deposit and withdrawal options: Bank transfers, Crypto, PayPal.
Flitpay Deposit and withdrawal options vs competitors
| Flitpay | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | Yes | No | Yes |
What is Flitpay minimum deposit?
The minimum deposit at Flitpay is 10 USD/USDT or 0,0003 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Flitpay minimum deposit vs competitors
| Flitpay | OKX | Kraken | |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| Minimum deposit, BTC | 0,0003 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 10 | 0,00001 | 1 |
Does Flitpay support fiat money?
Flitpay does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
Flitpay received a score of 2/10 in this category, indicating a modest offering of assets and markets. While Flitpay covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Other supported products
- Staking not available
- Only 25 supported coins
Flitpay supported coins and markets vs competitors
We compared Flitpay with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Flitpay | OKX | Kraken | |
| Supported coins | 25 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Flitpay passive income options vs competitors
We also compared Flitpay with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
Flitpay received a score of 6/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Positive user feedback on the iOS app
- App data protection with 2FA
- Android app score 4,8
- Advanced tools and automation with API
- No access to Copy Trading
- No standalone desktop access
- No access to TradingView features
Trading apps
Flitpay provides web and mobile apps for both Android and iOS users, with an average rating of 4 on the App Store and 4,8 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Flitpay platform is for mobile use.
| Flitpay | Bybit | |
| 2FA | Yes | Yes |
| Face ID | No | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | No | Yes |
| Advanced Orders | No | Yes |
| Trading with bots | No | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does Flitpay offer a desktop app?
No, Flitpay does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Flitpay offer advanced charting with TradingView integration?
No, Flitpay does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Foundation date | 2018 |
|---|---|
| Registration address | 70/75 patel marg, Madhyam Marg, Mansarovar, Jaipur, Rajasthan 302020, India |
| Official site | https://www.flitpay.com/ |
| Contacts |
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