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Traders should read this tradingcritique.com review about CoinSwitch before utilizing the exchange, even though it offers various benefits. Before trading on CoinSwitch, every user should be aware of the following facts.
The Coinswitch exchange is remarkable as it allows users to convert Bitcoin and other cryptocurrencies. Coinswitch provides an easy-to-use mobile platform for both beginners and experienced traders. It offers a great portfolio and access to major coins such as Bitcoin via the Coinswitch Kuber app. It provides Indian traders with limitless transaction limits and quick execution rates.
CoinSwitch is a digital cryptocurrency exchange aggregation platform (crypto to crypto) for virtual currencies, tokens, digital tokens, and cryptographic currency.It is a safe, user-friendly crypto trading website for Indian customers, where they can quickly acquire 80+ cryptocurrencies including Bitcoin, Ethereum, Ripple, and others at the best rates, using a range of payment methods.
Image 1: Home page of CoinSwitch website
Image Copyrights reserved to CoinSwitch website
CoinSwitch was launched in 2017 by Ashish Singhal, Vimal Sagar Tiwari, & Govind Soni.Before starting the exchange, the trio had been together for 13 years. The headquarter is situated in Bangalore, India, and serves predominantly Asian customers. It doesn’t have a top-tier license from a regulatory body. It has a good track record, and it has not experienced any major hacks.
CoinSwitch is a Bangalore-based startup that acts as a centralized marketplace for a variety of cryptocurrencies. Sequoia Capital, an American venture capital company, announced in early 2018 that it has finalized a $1.5 million investment in CoinSwitch. At this point, the Reserve Bank of India told all Indian banks to stop lending to cryptocurrency exchanges and trading in cryptocurrencies. Because it permitted exchange between multiple cryptocurrencies rather than fiat currency, CoinSwitch was largely unaffected by the verdict. It was claimed in May 2018 that daily trading volumes on the platform were in the millions of dollars.
Guarda, a cryptocurrency wallet, introduced CoinSwitch as a new exchange partner in July 2018. CoinSwitch announced the release of its Custom Instant Exchange in August 2018, a platform that allows website owners to incorporate a customizable cryptocurrency exchange on existing pages. Tron founder Justin Sun stated on Twitter on August 22, 2018, that the TRX cryptocurrency was now supported on CoinSwitch.
Ashish is the co-founder and CEO of CoinSwitch, as well as a former employee of CRUXPay, Reap Benefit, Urban Tailor, Amazon, Microsoft, and others.He graduated from Netaji Subhas Institute of Technology with a bachelor’s degree. CoinSwitch was founded as a consequence of his goal to create a sophisticated and user-friendly cryptocurrency exchange trading platform.
Image 2: Team of CoinSwitch website
Image Copyrights reserved to CoinSwitch website
Binance, Changelly, Huobi, HitBTC, Kucoin, IDEX, Ethfinex, and many more top exchanges have collaborated with CoinSwitch.CoinSwitch’s exchange service is incorporated with several popular cryptocurrency wallets, including Exodus, Trezor, Guarda, MetaMask, and others. Stake.com, OneHash, Trust Dice, and other gambling platforms have all merged with CoinSwitch. Finally, CoinSwitch has partnered with several currencies or tokens to create a bespoke exchange on their website, including Komodo, Sky coin, Reddcoin, Dadi, and many others.
Image 3: Partners of CoinSwitch website
Image Copyrights reserved to CoinSwitch website
Except for Cuba, Iran, North Korea, Crimea, Sudan, Syria, Afghanistan, Pakistan, and the United States, all countries are available on CoinSwitch.
CoinSwitch provides a particular range of goods aimed at two types of customers:
The CoinSwitch REST APIs allow you to trade among 300+ currencies and 45000+ supported pairings programmatically. The APIs are designed to get you up and running with CoinSwitch in about 5 minutes. Wallets, gaming, and e-commerce are all possible applications. In less than 2 minutes, you can create your personalized crypto exchange. Any coin of your choice will be used to settle the wager.
You may trade with over 300 cryptocurrencies and compare and pick the best rate without having to register with any exchange.
CoinSwitch permits the platform to focus on a certain region, even though it is solely available in India. Further more, it supports over 100 cryptocurrencies, including both well-known and new coins. The following have been some of the currencies that are available on the exchange:
Table 1: Supported Coins of CoinSwitch
 |
|
|---|---|
|
Bitcoin Ripple EOS Ethereum Litecoin Bitcoin Ethereum Dash |
Dogecoin Komodo Melon Tether Stellar Lumens Verge VeChain Decentraland |
Table 2: Popular Crypto Conversions of CoinSwitch
| ETH to BTC |
| BTC to ETH |
| LTC to BTC |
| DOGE to BTC |
| ETH to ADA |
| NEO to GAS |
| BTC to LTC |
| DASH to BTC |
| ETH to BTC |
| BTC to ETH |
| LTC to BTC |
| DOGE to BTC |
| ETH to ADA |
| NEO to GAS |
| BTC to LTC |
| DASH to BTC |
Beginners and professional traders a like will appreciate CoinSwitch’s user-friendly mobile platform. It has a strong portfolio, with prominent currencies like Bitcoin available through the CoinSwitch Kuber app.
The CoinSwitch Kuber is the mobile app that is the finest cryptocurrency exchange for Indians since it offers a simple user interface and a smooth user experience. CoinSwitch Kuber is one of the few firms that have a premium on mobile app trading. Users may trade their favorite cryptos using the platform’s Android and iOS applications. Customers must first download the app and set up an account before they can begin.
Image 4: CoinSwitch Kuber App of CoinSwitc website
Image Copyrights reserved to CoinSwitch website
Table 3: CoinSwitch Kuber App Account Opening Process
Follow the below steps to open a CoinSwitch account  |
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|---|---|
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Go to the official CoinSwitch Kuber website or open the Google Play Store.
Download the app and install it.
Enter your phone number & a 4-digit PIN.
The procedure has been completed, and an account has been created.
Open the app and go to the settings tab.
Select User Verification from the drop-down menu.
Name, date of birth, and email address are all required fields.
Enter the OTP that was sent to you through email.
Allow the app to access the device camera on the PAN verification screen.
Select a photo and press the submit button.
Please wait once the photo has been confirmed.
To go on to the next level, choose the document.
Select the image and add it to the page.
Wait until the image has been confirmed.
Start trading Bitcoin or even other digital assets after funding your account.
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Image 5: CoinSwitch Kuber App Account Opening Process
Image Copyrights reserved to CoinSwitch website
CoinSwitch fee structure is complicated. Traders should carefully examine the charge policy because there are some hidden costs. Depending on the exchange you use for your transaction, it charges a fee ranging from 0 to 0.49 percent. Transactions on CoinSwitch 15-30 minutes to complete. It may take longer if your transaction is substantial (about 1 BTC), based on the scale of your transactions and blockchain capacity. The zero-brokerage policy is followed by CoinSwitch which enables clients to purchase and sell their preferred cryptocurrency without incurring any additional fees.
No deposit or withdrawal fees utterly defy the mainstream. CoinSwitch makes it simple to buy cryptocurrency using a credit card.It is not compatible with UPI payments.For bank transfers to CoinSwitch, you will not be able to use UPI transfers through Google Pay, PhonePe, Bhim, or other similar services. However, there is a technique to allow RTGS, NEFT, or IMPS payment transfers. It lets customers deposit in INR (Indian fiat currency) with a minimum deposit of Rs. 100. This cryptocurrency exchange only accepts a few payment options. The CoinSwitch exchange does not allow PayPal or bank transfers for fiat currencies.
After successfully introducing a new customer, users may earn 50 Rupees in Bitcoin. Customers can complete the KYC verification to participate in the referral program. After reaching certain milestones, a coupon-based incentive system becomes available. For example, there is a reward voucher available for confirming the account.
Image 6: Offers of CoinSwitch website
Image Copyrights reserved to CoinSwitch website
CoinSwitch offers a Blog that contains Crypto news about cryptocurrency, crypto investing, coin spotlight, and insight CoinSwitch. To trade intelligently and learn about crypto, subscribe to CoinSwitch Kuber’s YouTube channel to keep up with the newest trends and advancements in the crypto market.
Image 7: Education and research section of CoinSwitch website
Image Copyrights reserved to CoinSwitch website
Customers may use the CoinSwitch Kuber website’s live chat feature to get immediate answers to their questions. Further more, its user-friendly support ticket system quickly answers consumer issues. It does an excellent job at it by providing a dedicated FAQ area to assist users. Customers may also use the site to create tickets for any difficulties they may have. A live chat option is available between the hours of 7 a.m. – 10 p.m.
Image 8: FAQ Section of CoinSwitch website
Image Copyrights reserved to CoinSwitch website
Table 4 :Customer support of CoinSwitch
 Customer Support |
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|---|---|
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https://www.instagram.com/coinswitch_co/ |
 Linked in |
https://www.linkedin.com/company/coinswitch |
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https://twitter.com/CoinswitchKuber |
 Telegram |
https://t.me/coinswitch_kuberh |
 Facebook |
https://www.facebook.com/coinswitch
|
 Email |
support@coinswitch.co |
 YouTube |
https://www.youtube.com/c/coinswitchkuber |
|
|
Bitcipher Labs LLP 512/10, 91 Springboard Business Hub Private Limited, Service Lane, Outer Ring Road Mahadevapura, Bengaluru. Karnataka 560048 |
Image 9: Customer support of the CoinSwitch website
Image Copyrights reserved to CoinSwitch website
CoinSwitch has both the advantages and disadvantages which are listed in Table 5.
Table 5 : Rewards and Risk of the CoinSwitch
 Pros |
 Cons |
|---|---|
|
Its user-friendly UI is ideal for newbies.
The Instant INR deposits and withdrawals are supported.
Bank deposits through IMPS, NEFT,and UPI are all accepted.
Its mobile app has a 3.5-star rating on Google Play.
By suggesting a new customer, users may earn 50 Rupees in Bitcoin.
Trading costs are low, ranging from 0 to 0.5 percent. |
To get started, you must first complete the KYC process. Fiat currency is restricted to INR exclusively. Only Indian citizens are permitted to use it. Does not have the necessary tools to provide high-quality day trading. There is a minor difference between the selling price and the real pricing. The use of credit and debit cards is not permitted. |
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