FUEL

What is FUEL?
Fuel is the latest feature on Koinex that allows traders to speed up their INR deposit/withdrawal transactions by assigning a certain percentage of the tra...
Tue, 6 Nov, 2018 at 11:12 AM
How does fuel work?
             You can check the working by watching our video.
Tue, 6 Nov, 2018 at 11:13 AM
How much can I add as fuel?
You can add up to 5% of the request amount as fuel.
Tue, 6 Nov, 2018 at 11:14 AM
Is adding fuel necessary?
Adding fuel to deposit or withdrawal requests is not necessary.
Tue, 6 Nov, 2018 at 11:14 AM
Will I be unable to get a match if I don't add fuel?
Adding fuel works as an advantage over other non-fueled requests, however, that does not mean that a non-fueled request will not match. Requests matching d...
Tue, 6 Nov, 2018 at 11:14 AM
I did not receive the fuel amount in my bank account?
Please note that the fuel amount will be credited to your Koinex INR wallet only.
Tue, 6 Nov, 2018 at 11:15 AM
What is Market Depth?
Market depth is the difference in the number of pending deposit and withdrawal requests.
Tue, 6 Nov, 2018 at 11:15 AM
How to read the Depth Chart?
The depth gives you information on the number of requests alongside the amount of fuel added on these requests. Any request with no fuel added will show un...
Tue, 6 Nov, 2018 at 11:15 AM
Is a UPI ID necessary for creating a deposit/withdrawal request?
Yes, UPI ID is necessary for creating a deposit/withdrawal request.
Tue, 6 Nov, 2018 at 11:16 AM
How long will it take for my fueled request to be matched?
Once you submit a request, it is added to an INR transaction pool and will be matched with withdrawer(s) as soon as possible (optimised algorithm for the m...
Tue, 6 Nov, 2018 at 11:16 AM