CoinDCX, a cryptocurrency exchange platform offering over 200 listed coins with up to 5x leverage, recently introduced a sub-accounts feature, one of the most requested account tools from users.
Every KYC verified account is treated as a master account holder on CoinDCX. Master accounts have the option of setting up sub-accounts where they can invite other users to join their network.
As the authority, the master account has sole control over trading, movement of assets and all deposits/withdrawals from the sub-accounts. Both types of accounts can place orders, but sub-accounts will be allowed to cancel only their own orders.
Sub-account highlights include:
- Each master account is allowed to create up to 20 sub-accounts.
- A master account is assigned the full management permissions over sub-account freezing/unfreezing, asset transfer and API management. Full control of sub-accounts also includes resetting 2FA, removal of API keys, orders, and passwords, as well as the ability to freeze specific sub-accounts.
- No fee charges for asset transfers between master account and sub-account. Sub-accounts also enjoy the same fee level as their master account.
- Deposit, withdrawal, and API order limits are the same for the master account and all sub-accounts.
