Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Pros & Cons
- 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.
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.
TU Expert Verdict
Flitpay demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Crypto Exchanges Traders Prefer
Flitpay User Reviews
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Flitpay Commissions and Fees
Score:This category evaluates trading costs and the transparency of deposit and withdrawal charges according to the Methodology. It covers spot and futures trading fees, P2P exchange costs, deposit/withdrawal fees, and tiered fee structures. The assessment ensures that fees are competitive and clearly disclosed, avoiding hidden or excessive costs. Each factor is scored based on defined criteria, contributing to the overall rating.5.8 /10Flitpay received a 5.8/10 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
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 CoinMetro Industry average Based on the evaluation of over 100 leading crypto exchanges Spot, maker fee (%) Maker fees are charged when liquidity is added to the order book. This occurs by placing a limit order below the current market price for buy orders, or above the market price for sell orders. 0.2 0.22 0.1 0.15 Spot, taker fee (%) Taker fees are charged when liquidity is removed from the order book. This typically happens when a trade is executed at the market price. 0.2 0.22 0.2 0.194 What are Flitpay deposit and withdrawal fees?
Deposit fee, % Important! Even if an exchange does not charge fees for deposits and withdrawals, there can also be fees from the payment system or cryptocurrency network used by the user. For example, the network fee for USDT TRC20 is typically around $1. 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.
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Regulation and Safety
Score:Our evaluation encompasses several key factors, including government regulation, two-factor authentication (2FA), cold wallet storage of client assets, investor protection funds, KYC protocol adherence, year of foundation, and history of security breaches. Read more in our Methodology6.8 /10With a 6.8/10 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
- 2FA
- Government-regulated
- Cold wallet storage
- No investor protection fund
- No facial recognition
- Not U.S regulated
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 Security Factors Flitpay Coinbase Kraken Tier-1 regulation NoYesYesGovernment-regulated YesYesYesInvestor protection fund Provides compensation to users in case of financial loss due to unforeseen circumstances on the platform. NoYesNo2FA YesYesYesFacial recognition NoNoNoCold wallet storage The majority of user funds are held offline, reducing vulnerability to online attacks. YesYesYesSuccessful hacker attacks We review publicly available information on past security breaches to assess the exchange's security track record. NoYesNoIs Flitpay a regulated crypto exchange? Regulation is crucial for the security and legitimacy of a cryptocurrency exchange. We assess the exchange’s regulatory status and its impact on platform reliability.
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.
Is Flitpay available in the USA?
Flitpay is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Coinbase, Kraken, OKX .
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Deposit and Withdrawal
Score:We evaluated the deposit and withdrawal experience, considering several key factors such as the range of available methods, transaction processing speed, minimum deposit requirements, and associated fees. Read more in our Methodology.5 /10Flitpay 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.
- No deposit fees
- Bank transfers for deposits and withdrawals
- Many cryptocurrencies for deposits and withdrawals
- PayPal payments
- Withdrawal fee applies
- No Google Pay 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 Coinbase Kraken Bank transfers YesYesYesBank card NoYesYesCrypto YesYesYesPayPal YesYesYesWhat is Flitpay minimum deposit?
The minimum deposit at Flitpay is 10 USD/USDT or 3 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 Coinbase Kraken Minimum deposit, USD or USDT 10 10 10 Minimum deposit, BTC 3 1 1 Minimum trade amount, USD/USDT 10 2 1 Does Flitpay support fiat money?
Flitpay does not support fiat currencies; only cryptocurrencies are accepted.
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Supported Coins & Markets
Score:Evaluates the range of available cryptocurrencies, fiat currencies, and markets, as well as investment tools like staking, farming, and other yield options. Read more in the Methodology section.1.5 /10Flitpay received a score of 1.5/10 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
- Copy trading not available
- Staking not available
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 Coinbase Kraken Supported coins 25 400+ 400+ Futures/Perpetual contracts NoYesYesOptions NoNoNoNFTs NoYesYesTokenized Assets Digital tokens representing real-world assets, such as stocks, bonds, commodities, or real estate. NoYesYesTradFi Perps Perpetual futures contracts linked to traditional financial assets, such as stocks, indices, or commodities. NoYesYesPrediction Markets Markets where users trade contracts based on the outcomes of future events. NoNoNoOther Assets NoPre-IPO Forex, IPO 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.
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Trading Apps & Tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn more in our Methodology.6 /10Flitpay 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.
- App data protection with 2FA
- Positive user feedback on the iOS app
- Advanced tools and automation with API
- Android app score 4.8
- No access to TradingView features
- No access to Copy Trading
- No standalone desktop access
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 Coinbase Kraken 2FA YesYesYesFace ID NoNoNoMob Indicators YesYesYesAlerts NoYesYesAdvanced Orders These are specialized trading features that give users more precise control over how trades are executed. Examples include Stop-Limit, Trailing Stop, and OCO (One Cancels the Other). These tools may only be available on the web version of the platform. NoYesYesTrading with bots NoNoNoAPI YesYesYesExtra trading platforms These refer to third-party platforms supported by the crypto exchange in addition to its own proprietary system. NoNoNoDoes 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.
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Customer Support
Score:We evaluated Customer Support at Flitpay based on the availability of live chat, email, phone support, ticket systems, help center resources, 24/7 assistance, multilingual support, and response time. Our assessment focuses on support accessibility and responsiveness. Learn the assessment criteria5.7 /10Flitpay offers a moderate level of customer support, covering basic communication channels and assistance options.
In TU testing, the exchange showed mixed results in support accessibility and responsiveness. Certain limitations in contact options, availability, or support resources may make it less convenient for users requiring immediate assistance.
- 24/7 customer support available
- Multilingual customer support
- Comprehensive help center available
- Live chat support unavailable
- Email support unavailable
Flitpay Support Channels vs Competitors
Flitpay Coinbase Kraken Live Chat NoYesYesEmail Support YesNoNoPhone Support NoNoNoTicket System YesYesYes24/7 Support YesYesYesHelp Center / FAQ YesYesYesMultilingual Support YesYesYesContacts Foundation date 2018 Registration address 70/75 patel marg, Madhyam Marg, Mansarovar, Jaipur, Rajasthan 302020, India Official site https://www.flitpay.com/ Contacts support@flitpay.com
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FAQs
Is Flitpay a safe and regulated cryptocurrency exchange?
Flitpay has a safety score of 6.8/10 and is regulated by a government authority in India, indicating a moderate level of security and regulatory oversight. The exchange uses cold wallet storage and 2FA and has no history of successful hacker attacks, but it is not Tier-1 regulated, does not operate under U.S. regulation, and does not offer an investor protection fund.
How do deposits and withdrawals work at Flitpay?
Flitpay has a deposit and withdrawal score of 5/10 and supports bank transfers, cryptocurrencies, and PayPal for funding and withdrawals. Deposits are free of charge, but a withdrawal fee applies, and some popular methods such as Google Pay and P2P transfers are not available.
What do user reviews say about Flitpay?
Flitpay has a user satisfaction score of 6/10 based on 4 reviews, all of which are rated 3 stars. According to user reviews, overall impressions are mixed, with neither highly positive nor strongly negative ratings dominating.
What coins and markets are available on Flitpay?
Flitpay has a markets and tradable assets score of 1.5/10 and supports 25 cryptocurrencies along with fiat currencies. The exchange does not offer derivatives such as futures, perpetual contracts, or options, and it does not provide NFTs, tokenized assets, traditional finance perpetuals, prediction markets, or passive income tools like staking, yield farming, or copy trading.
What customer support options does Flitpay provide?
Flitpay has a customer support score of 5.7/10 and offers 24/7 assistance through a ticket system, email support, and a help center/FAQ. The exchange does not provide live chat or phone support, but multilingual support is available.
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