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Is Flitpay a Good Crypto Exchange for Beginners?

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Is Flitpay a Good Crypto Exchange for Beginners?

Updated: February 06, 2025

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Official Flitpay
website Full Flitpay
overview

Your capital is at risk.

Flitpay's Top Features for Beginners

Flitpay’s beginner-friendly features, such as a demo account, low minimum deposit, educational materials, copy trading, staking, a user-friendly mobile app, customer support, fiat deposit and withdrawal options, and low fees, were compared against the top two competitors to ensure a comprehensive evaluation.

	Flitpay	OKX	Kraken
Demo account
Minimum deposit, USD or USDT	10	10	10
P2P exchange
Spot maker fee	0,2	0,08	0,25
Fiat transactions
Bank cards
Commissions and fees	5.75	9.25	6.2
Educational tools
Crypto bonuses
Staking
Copy trading
	Open an account Your capital is at risk.	Open an account Your capital is at risk.	Open an account Your capital is at risk.

Why We Focused on Comparing These Beginner-Friendly Features:

Demo account – Allows beginners to practice trading without risking real funds, helping them gain confidence and understand the platform.

Minimum deposit, USD or USDT – Ensures low entry barriers, making it affordable for newcomers to start trading with a small initial investment.

P2P exchange – Enables direct cryptocurrency trading between users, often with no intermediaries, providing a straightforward and accessible way to trade.

Spot maker fee – Highlights competitive trading fees for placing limit orders, which is cost-effective for those starting with spot trading.

Fiat transactions – Simplifies the process of depositing and withdrawing funds using local currencies, making it convenient for first-time users.

Bank cards – Provides an easy and familiar way for beginners to fund their accounts quickly using Visa or Mastercard.

Commissions and fees – Transparent and competitive fee structures help beginners calculate costs and avoid unexpected charges.

Educational tools – Tutorials, webinars, and guides equip beginners with the knowledge needed to trade confidently and effectively.

Crypto bonuses – Offers incentives like signup rewards or deposit bonuses, encouraging newcomers to explore trading.

Staking – Allows beginners to earn passive income on their holdings, introducing them to advanced cryptocurrency features with minimal effort.

Copy trading – Lets new traders learn by replicating the strategies of experienced traders, reducing the learning curve.

Short summary about the broker 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.

💰 Account currency:	INR, also BTC, ETH, USDT, DOGE, and other altcoins
🚀 Minimum deposit:	$1
⚖️ Leverage:	1:1
💱 Spread:	Market
🔧 Instruments:	Cryptocurrencies and INR fiat
💹 Margin Call / Stop Out:	No

Flitpay Pros and Cons

👍 Advantages of trading with Flitpay:

•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.

👎 Disadvantages of Flitpay:

•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.

Trading Conditions for Flitpay Users

Before you start working with an exchange, it is important that you evaluate its trading conditions. Flitpay offers traders the following conditions.

Minimum deposit, USD or USDT	10
Futures leverage	Not allowed
Spot leverage
Coins Supported	25
Affiliate program
Replenishment / Withdrawal	Bank transfers and cards, e-wallets
Trading features	Fixed trading commissions, no commissions for depositing and withdrawing funds, the referral program gives three types of bonuses
	Open an account Your capital is at risk.

Investment programs of Flitpay

It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. Flitpay offers the following passive income options.

The Flitpay crypto exchange does not offer investment solutions focused on earnings in the future. The platform aims to develop active trading only. As an option for passive income, you can consider its referral program, which will be discussed below. Many traders consider crypto trading as an investment method. Flitpay has a secure multi-currency e-wallet where the user can store funds in all available cryptocurrencies and in any amount, as well as freely convert them among themselves.

The maker/taker mechanism is the key to investments

Traders are divided into two types — makers and takers. Makers add liquidity, and their orders are not executed instantly, but they are quickly added to the order book. Takers take liquidity, and their orders are executed super-fast by bypassing the order book. Many crypto exchanges distinguish between maker and taker fees, making them more profitable for those who provide liquidity. However, trading fees on Flitpay are the same for all traders, they are 0.2% regardless of the order type, trading volume, and other factors. Here it is important to note the conceptual advantage of the platform. It does not have commissions for deposits, withdrawals, or transfers within the exchange.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.

Flitpay’s affiliate program:

The program provides three types of bonuses. The first bonus is one-time, issued upon registration in the program (250-500 FLT). The second bonus is provided when a new trader is invited (50-100 FLT). The third bonus is available permanently — whenever the referral makes a transaction.

The third bonus is 50% of the commission charged by the platform from the referral for each trade. This 50% is transferred within 24 hours to the account of the inviting user (that is, the user whose personal link the referral followed). Bonuses are transferred to FLT, they can be traded or converted into any other cryptocurrency.

Conclusion. Is Flitpay good for beginners?

The Flitpay cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, Flitpay could be considered as a good cryptocurrency exchange for a start.

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FAQ

What do I need to know about the fees charged by cryptocurrency exchanges?

The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.

How do I choose a reliable cryptocurrency exchange?

Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.

How many cryptocurrencies could a crypto exchange offer?

The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.

What are the risks of investing in cryptocurrencies?

Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.