I Want to talk about the cryptocurrency exchange CoinSwitch, which is regarded as one of the most convenient thanks to its simple interface and clear fees.
It has multiple trading facilities and incorporates fees into the conversion rate, thus providing a simple trading process.
Trading on CoinSwitch is easy and fast, whether you are just entering the blockchain space or an active trader.
What is Coinswitch?
Coinswitch was founded in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari. It functions as an aggregator for cryptocurrency exchanges globally and currently offers a variety of digital assets for trading.
What is meant here is the function that enables the use of data gathered from many instrument exchanges to enhance the chances of getting a suitable trade for the user’s assets.
So, let’s say that CoinSwitch started in 2017. Since then, the company has been going through all the ups and downs in the space of digital finance without having issues with changes in market conditions or regulatory requirements.
During this period, the company increasingly sharpened its focus on the emerging trends of new technologies, such as the growth of the popularity of altcoins and blockchain.
Ashish Singhal and his fellow co-founders considered going beyond launching an ordinary cryptocurrency exchange and building a mobile application that was responsive and welcoming for users, incorporating feedback.
As the cryptocurrency market expanded, so did Coin Switch’s growth, along with the growing interest of audiences worldwide in trading in digital assets.
Coinswitch Profile
| Company Name | Coinswitch Exchange |
| Categories | Cryptocurrency Exchanges |
| Website | https://coinswitch.co |
| Year Founded | 2017 |
| Headquarters | Bengaluru, India |
| Fiat Currencies Supported | INR |
| Total Supported Cryptocurrencies | 169+ |
| Mobile Support | Yes |
| Deposit method | Bank Transfer, Cryptocurrency |
| Support | Facebook, Twitter, Instagram, Help Center Articles, Support Ticket |
How to Sign Up on Coinswitch Exchange?
When using the CoinSwitch platform, the following information must be adhered to before signing up:
Step 1: Go to the CoinSwitch Website
Go to the domain and go to the app pages, or download the CoinSwitch app from the mobile apps store.
Step 2: Click on Sign Up
Scan the site’s homepage and click “Sign Up.”
Step 3: Enter Your Details
Share your email and mobile number and create a strong password. For verification purposes, it will send you an OTP to your mobile number.
Step 4: Complete KYC Verification
Provide some documents like a passport or an Aadhaar card for KYC purposes.
Step 5: Start Making Trades
After your account verification is complete, you can deposit money into your CoinSwitch account and start buying and selling cryptos.
CoinSwitch Exchange Fees
CoinSwitch’s goal is to offer its users a simple, competitive fee system.
All costs are exposure among the users, encompassed in the conversion rate at the time of making the trade;; hence no additional fees.
Cryptocurrency exchanges charge a fee, which CoinSwitch makes easy by incorporating the fee into the conversion, further reducing predictability.
This, in turn, allows users not to incur surprise costs after carrying out the trades.
The pricing policy leaves no room for ambiguity regarding consumers’ needs, which helps to advocate for the use of cryptocurrency to facilitate transactions in the economy without difficulties.
| Type | Fee |
|---|---|
| Deposit Fee (Bank Transfer) | 0% (for deposits 100 INR to 50,000 INR) |
| Trading Fee | 0% – 0.49% |
| Withdrawal Fee (Bank Transfer) | 0% |
How Many Types of Trading Options Available
CoinSwitch provides its clients with several types of trading services to meet various user needs:
Instant Trading
It helps users who do not understand complex trading interfaces simply buy or sell a virtual currency instantly at the exchange rate.
Limit Orders
It allows users to buy and sell virtual currencies at set prices, allowing users to devise their own trading tactics.
Recurring Buy
Users have the option of scheduling the purchase of the desired cryptocurrency for fixed intervals, which encourages orderly investments and possibly reduces the effects of price fluctuations.
Is CoinSwitch Secure?
CoinSwitch makes every possible effort to protect users and complies with the legal requirements.
There are no non-custodial services for the exchange, which means all the crypto-active holdings never leave the owners’ wallets until there is a need to exchange them.
In this manner, an extra layer of security is usually lacking in centralized exchanges.
This represents the principle that users are safeguarded and in control of their monetary assets.
As a non-custodial exchange platform, the transactions are done directly between user wallets and the exchange so that users do not lose control over their digital assets.
CoinSwitch uses such an approach to reduce the risks faced in other structural approaches, where the fund resources are the target of attacks.
Additionally, CoinSwitch has a comprehensive strategic measure that compels high network fees to promote super-fast transaction processing within the blockchain. Therefore, no trade would be at risk of security and transactional integrity.
CoinSwitch Exchange Features
Crypto Trading
In simple language, this is a service where any trader and investor can buy, sell, and exchange different kinds of crypto.
Exchange Aggregator
We can find all the exchanges online and incorporate their prices and liquidity into a trading platform with comparative rates for our users.
Wide Range of Supported Cryptos
We provide a large number of cryptos, including the most loved ones: Bitcoin, Ethereum, Ripple, Litecoin, and other altcoins.
Secure Transactions
Security is a top goal. Coinswitch assures users of fund safety and encryption measures for transactions and personal information.
Ease of Use
For the similarity that the development team believes in, this saying has benefited the application in Virginia CoinSwitch, making finding the best trading applications as simple as possible.
The CoinSwitch Referral Program
A unique element in in CoinSwitch’s marketing strategy, unlike any other cryptocurrency exchange, is that they incorporate referral programs into the users’ experience.
The program pays out coins, making’ experience makes it easy for people to join it.
First, a trader must enter their Bitcoin cash address, and only then will CoinSwitch issue them a referral link.
For every individual who clicks the link, when the other party spends at least $100, the referrer will be rewarded $5. Additionally, the friend will also receive $5, which makes it a win-win situation for everyone.
Moreover, beyond the initial $5 payout, the advisory side will also be entitled to a 25% share from the coin switch once the other user continues on the same platform.
One caveat is that the minimum payout for the referral program is 0.005 BTC, which amounts to around $40 as of this publication.
In fact, if you have signed up with us at CoinSwitch through this link, then don’t you want to earn $5 free just for trading $100? You are benefiting from our referring bonus.
CoinSwitch – Crypto App on Android & iOS
Download the Android app from the Google Play Store or the Apple App Store to enjoy various benefits.
CoinSwitch is one of the best crypto exchanges in India and a popular crypto exchange aggregator platform.
It allows users to compare and trade cryptos across various exchanges in a single place, making finding the best rates for your desired cryptos easier.
You can find cryptos among Bitcoin, Ethereum, Ripple, Litecoin, etc.
Country Restrictions
As is the case with nearly all other exchanges, CoinSwitch has guidelines as to who can use its services. Quite a number of these institutions exclude certain countries, including America.
For instance, Somalia, Cuba, and North Korea cannot use CoinSwitch.
Moreover, countries under trade sanctions also face challenges when using cryptocurrencies.
Several American citizens trading cryptocurrencies, particularly those based in restricted regions such as the USA, employ a VPN to access exchanges such as CoinSwitch.
This, however, is quite dangerous. This might work, but it is not without danger.
For instance, an exchange has the right to block access to a trader’s funds if they discover that the trader is logging in from a region where cryptocurrency is not allowed by the exchange through a VPN.
CoinSwitch Customer Support
Getting help from CoinSwitch is not complicated; users can receive help via chat and call support.
The company’s employees are equipped to quickly offer solutions to address concerns and enhance the trading experience.
With CoinSwitch, the above ideal is also evident with the concern of customer support:
Their platform enables every user to contact any staff member and have their queries answered within reasonable time frames for all kinds of questions and concerns.
Such commitment requires focusing on understanding the wider organization’s culture, how it cares for users, and how it seeks to earn users’ confidence.
Such a climate creates trustful and user-friendly platforms where help is offered when needed.
CoinSwitch Support Channels
CoinSwitch Alternative Exchanges
WazirX
An Indian-based crypto trading platform that offers a variety of cryptocurrencies, advanced trading options, and easy navigation. It even allows the option of staking and combines with the Binance system.
CoinDCX
CoinDCX is widely recognized for its large number of offered cryptocurrencies and low fees. The platform is liquid and secure and provides spot, margin, and futures trading.
ZebPay
ZebPay is one of the oldest crypto trading platforms in India. It allows users to trade major cryptocurrencies through a hassle-free and secure interface. In addition, it supports features like recurring buys and earns interest on crypto assets.
Conclusion
Concluding, CoinSwitch is positioned as a simple platform where trading in cryptocurrency is made easier due to its precise costs and multiple types of trading.
Because of the way fees are incorporated into the conversion, there are no hidden charges, which increases transaction consistency.
CoinSwitch appeals to beginners and dosed traders due to assurances of a hassle-free interface and multiple trading functionalities, thus supporting the common notion of the popularization of digital money.
