Bitcoiva: licences, security, fees and reviews
Centralized exchange
In short
- Legal entity
- HYPERUX TECHNOLOGIES PRIVATE LIMITED (India), doing business as Bitcoiva Exchange
- Fees
- Spot maker: 0.50% on BTC/INR, 0.20% on BTC/USDT (buy and sell, as of 31 October 2026)
- Risks and caveats
- No licence or registration number is published on bitcoiva.com.
- Checked
- 31 October 2026
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Key facts
- Type
- Centralized exchange
- Exchange launched
- 2020
- Country of registration
- India
- Operator
- HYPERUX TECHNOLOGIES PRIVATE LIMITED
- Official site
- bitcoiva.com
Key facts checked on 31 October 2026 against official sources and regulator registers.
What is Bitcoiva
Bitcoiva is an Indian centralised crypto exchange operated by HYPERUX TECHNOLOGIES PRIVATE LIMITED. It offers spot trading in INR and USDT markets, instant swap, P2P, OTC, earn products and futures. The site has been online since 2020.
Good to know
- The homepage warns that the bank account for INR deposits changed after banking issues; deposits sent to the old account may not be credited. ↗
- The terms mention licences and registrations 'or lack thereof' but do not list any licence or registration number. ↗
- Fees differ by market: INR pairs such as BTC/INR are charged 0.50% per side, while the homepage advertises fees from 0.20%. ↗
- The AML policy cites the EU 4th AML Directive and an 'India Bank Secrecy Act' rather than India's own AML law. ↗
- Bitcoiva may suspend access or block actions, including closing open positions, during market disruption. ↗
- Coins are delisted periodically; the October 2026 notice ended trading for five tokens on 26 October 2026. ↗
Services
| Parameter | Details |
|---|---|
| Spot trading | Crypto-to-crypto and fiat (INR) to crypto trading. |
| Derivatives | Futures, with copy trading and algo trading sections. |
| OTC | OTC desk and P2P trading. |
| Custody / wallet | Custodial accounts; users keep title to deposited assets and bear the risk of loss. |
Security and audits
- Bitcoiva says 98% of crypto is kept in cold wallets signed with HSMs on air-gapped machines.
- It states that its platform is tested by internal and external security experts and that it runs a bug bounty programme.
Security incidents
No security incident is recorded in the sources checked on 31 October 2026 (the company’s own channels and incident databases): blog.bitcoiva.com/post-sitemap.xml, bitcoiva.com, hacked.slowmist.io, api.llama.fi/hacks, rekt.news/leaderboard
Fees
| Parameter | Details |
|---|---|
| Spot maker | 0.50% on BTC/INR, 0.20% on BTC/USDT (buy and sell, as of 31 October 2026) |
| Spot taker | 0.50% on BTC/INR, 0.20% on BTC/USDT (buy and sell, as of 31 October 2026) |
| Deposits | 10 INR per deposit (as of 31 October 2026) |
| Withdrawals | Fixed per coin, e.g. 0.00028 LTC (as of 31 October 2026) |
Who can use it
- Verification: KYC with a valid PAN is required; invalid PAN leads to 20% TDS on trades. Users must be at least 18.
- Users must not be in 'Restricted Locations' or countries under Indian embargo; the terms do not list the locations.
History
| Date | Event |
|---|---|
| October 2020 | The bitcoiva.com site was online as a crypto-trading platform, with its mobile app announced as coming soon. |
| 2020 | The 2020 site footer gave the copyright year 2020. |
| 26 October 2026 | Five tokens (BB, APE, SPELL, 1000SATS, NEO) were delisted. |
Risks and caveats
- No licence or registration number is published on bitcoiva.com.
- Assets are held in custody by Bitcoiva and users bear the risk of loss.
- Disputes go to confidential arbitration in India under Indian law.
- The site itself warns that crypto assets are unregulated and risky.
About the company
- Legal entity
- HYPERUX TECHNOLOGIES PRIVATE LIMITED (India), doing business as Bitcoiva Exchange
- Headquarters
- Anna Nagar East, Chennai, India
- Founded
- 2020 (copyright year)
Official links
- Website: bitcoiva.com
- Terms of use: bitcoiva.com/termscondition
- Fees: bitcoiva.com/fee
- Security: bitcoiva.com/securitys
- Blog: blog.bitcoiva.com
Questions and answers
Who owns Bitcoiva?
Bitcoiva is operated by HYPERUX TECHNOLOGIES PRIVATE LIMITED, an Indian company based in Chennai.
Is Bitcoiva regulated?
Bitcoiva does not publish a licence or registration number; its terms refer to licences and registrations 'or lack thereof' without listing them.
What are Bitcoiva's fees?
Trading fees are 0.50% per side on BTC/INR and 0.20% on BTC/USDT, and INR deposits cost 10 INR each (as of 31 October 2026).
Does Bitcoiva publish proof of reserves?
No proof of reserves is published; Bitcoiva says 98% of crypto is held in cold wallets.
Sources
- Bitcoiva — homepage
- Bitcoiva — Terms and Conditions
- Bitcoiva — About us
- Bitcoiva — Fees
- Bitcoiva — AML & KYC Policy
- Bitcoiva — Security
- Bitcoiva — Contact us
- Bitcoiva — homepage, Wayback 2 October 2020
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