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CoinSwitch Review

Last Updated on July 9, 2024

James Headshot
Written by
Adam Headshot
Edited by
CoinSwitch logo
2.95
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit CoinSwitch

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

CoinSwitch stands out as a crypto exchange aggregator, providing traders with an efficient means of accessing current rates across multiple exchange platforms without creating accounts on each. While CoinSwitch may not offer advanced trading capabilities like dedicated platforms do, it still serves as an invaluable gateway for both newcomers and experienced crypto enthusiasts.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Supports a variety of cryptocurrencies
  • User-friendly interface
  • Quick and easy KYC process
  • Offers mobile app for convenient trading on-the-go
  • Provides competitive exchange rates

Cons

  • Higher fees compared to some other exchanges
  • Limited advanced trading features
  • Customer support can be slow to respond
  • No support for fiat currency deposits in some regions
  • Lack of transparency regarding security measures

Quick Summary

Headquarters Location Bengaluru, India
Fiat Currencies Supported INR
Total Supported Cryptocurrencies 169+
Trading Fees 0% - 0.49%
Deposit Methods Bank Transfer, Cryptocurrency
Support Facebook, Twitter, Instagram, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

CoinSwitch has quickly established itself as an invaluable asset in the cryptocurrency exchange landscape. Serving as an aggregated crypto exchange, CoinSwitch allows users to compare prices across exchanges in order to find the optimal rates for their trades.

CoinSwitch homepage

CoinSwitch has quickly made itself an indispensable player in the volatile cryptocurrency exchange landscape by streamlining the process of comparing and trading across various platforms. Their aggregator model gives users access to a comprehensive market view, making decision-making simpler for investors seeking to take advantage of market fluctuations.

CoinSwitch serves as a gateway between various exchanges, providing traders with convenience and choice while meeting their evolving needs.

About CoinSwitch

CoinSwitch was established by Ashish Singhal, Govind Soni and Vimal Sagar Tiwari in 2017 as an aggregater for cryptocurrency exchanges around the world. Today it offers a diverse selection of digital assets for trading.

Unique to this platform is its ability to aggregate data from several major exchanges to help users access optimal pricing for their trading pairs.

CoinSwitch features

As its debut in 2017, CoinSwitch has navigated its way through the increasingly complex terrain of digital finance, responding to changes in market dynamics and regulatory environments with ease. Along this path it has used emerging technological trends such as blockchain advancements and altcoin popularity to broaden its offerings and grow.

Ashish Singhal and his co-founders had a vision to create not just another cryptocurrency exchange but rather to craft a platform which reflected adaptability and inclusivity; reflecting the pulse of community engagement. CoinSwitch has seen exponential growth alongside cryptocurrency market expansion; reflecting increased participation by global audiences interested in digital asset trading.

CoinSwitch has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Telegram and YouTube.

CoinSwitch has a mobile app on both the Apple App Store and Google Play.

CoinSwitch Supported Cryptocurrencies

CoinSwitch supports trading on over 169 cryptocurrencies on their platform. This exchange currently supports 27 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • USDC (USDC)
  • XRP (XRP)
  • Toncoin (TON)
  • Dogecoin (DOGE)
  • Cardano (ADA)
  • TRON (TRX)
  • Shiba Inu (SHIB)
  • Avalanche (AVAX)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Bitcoin Cash (BCH)
  • NEAR Protocol (NEAR)
  • UNUS SED LEO (LEO)
  • Dai (DAI)
  • Polygon (MATIC)
  • Litecoin (LTC)
  • Uniswap (UNI)
  • Kaspa (KAS)
  • Internet Computer (ICP)
  • Pepe (PEPE)
  • Ethereum Classic (ETC)
  • Artificial Superintelligence Alliance (FET)
  • Aptos (APT)
  • Stellar (XLM)
  • Monero (XMR)

Download full list of cryptocurrencies CoinSwitch supports

Trading Experience

CoinSwitch offers an intuitive trading experience designed for ease of use. Newcomers to cryptocurrency trading will appreciate its intuitive interface while advanced traders will appreciate access to an abundance of crypto trading platforms and detailed listings.

Focus is also placed on providing a seamless trading experience without the need for complex account setup.

CoinSwitch offers an engaging trading experience designed to meet the needs of its diverse user community, from newcomers entering crypto to experienced traders who seek depth and variety in their strategies. What sets CoinSwitch apart from other platforms is its wide array of trading pairs from numerous exchanges that allows traders to customize their strategies according to market conditions.

Together with an efficient trading process, this fosters an environment in which strategic decision-making becomes the priority, enabling traders to react swiftly when faced with the ever-shifting crypto market.

CoinSwitch exchange marketing

CoinSwitch Fees

CoinSwitch strives to offer competitive and transparent fees. While specific details cannot be discussed here, fees are integrated into the conversion rate you receive when executing trades.

Therefore, you can expect no extra charges beyond what was quoted.

Navigating the cryptocurrency exchange space often involves an intricate understanding of fee structures, which can be daunting for some. CoinSwitch helps facilitate more transparent transaction environments by embedding fees directly within conversion rates to avoid unexpected additional costs post-trade and create more predictable trading processes.

CoinSwitch adheres to a user-centric philosophy in which transparent pricing is key for service delivery. By following this strategy, it aligns its operations with cryptocurrency’s mission – making financial transactions simpler and accessible to more people.

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%

Security - Is CoinSwitch Safe?

CoinSwitch prioritises user security and operates within regulatory guidelines. As a non-custodial exchange, CoinSwitch does not store any crypto custody services – meaning your coins stay safely within your wallet until a transaction occurs.

These techniques provide an additional level of protection compared to centralized exchanges.

CoinSwitch’s security measures embody the belief that users should retain control of their funds. By operating as a non-custodial exchange platform, CoinSwitch ensures users retain full ownership over their digital assets by conducting transactions between user wallets and the exchange directly.

CoinSwitch’s decentralised approach helps mitigate risks associated with centralised platforms, where funds may be vulnerable to breaches. Furthermore, CoinSwitch has implemented a strong network fee structure designed to incentivize rapid processing transactions within blockchain framework and thus maintain integrity and security of each trade.

CoinSwitch Customer Support

CoinSwitch customer support is easily accessible, offering users assistance via chat as well as phone. Users can expect prompt solutions from staff dedicated to quickly resolving their issues for a positive trading experience.

CoinSwitch’s customer support exemplifies this ideal: its platform ensures users can easily connect with staff who provide timely responses for all types of inquiries.

This commitment to service demonstrates a broader culture within the company that emphasizes user satisfaction and strives to build trust within its community. Such an environment ensures reliable user-friendly platforms where assistance is readily available when needed.

CoinSwitch support

CoinSwitch Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on CoinSwitch

  1. Create Account - Visit the CoinSwitch website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay

CoinSwitch Alternatives

Binance logo

Binance

3.23
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
392+

Trading Fees
0.10%

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others

Visit Binance
Kraken logo

Kraken

3.44
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
263+

Trading Fees
0.08% - 0.40%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

Visit Kraken
OKX logo

OKX

3.57
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
356+

Trading Fees
0.08% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

Visit OKX

Final Thoughts

CoinSwitch stands out from traditional exchanges by acting as an exchange aggregator. Offering wide market access and convenient trading capabilities, CoinSwitch makes for an appealing option when seeking to trade various digital assets.

As digital finance continues its rapid development, cryptocurrency exchanges play an increasingly critical role. They serve as the lifeblood of the crypto market by facilitating digital asset trading and shaping decentralized finance’s future.

At CoinSwitch, our aim is to be at the forefront of innovation by providing cutting-edge services and products for users at every level of expertise, including exchanges. As industry progresses, platforms such as CoinSwitch can play an integral part in connecting traditional finance with digital finance through solutions tailored specifically to user needs.

CoinSwitch FAQs

CoinSwitch, like any cryptocurrency exchange, implements security measures to protect its users’ assets and data. However, it’s important for users to also take personal security measures, such as using strong passwords and enabling two-factor authentication.

As of my last update, CoinSwitch was not banned in India. However, the regulatory environment for cryptocurrencies in India is subject to change, so users should stay informed about the latest news and regulations.

CoinSwitch and Binance are different platforms with their unique features. Binance is known for its extensive range of cryptocurrencies and advanced trading options.

CoinSwitch, on the other hand, is designed for simplicity and ease of use. Users should choose based on their specific needs and preferences.

Investing in cryptocurrencies through any platform, including CoinSwitch, involves risk. It’s important to conduct thorough research and consider your own financial situation and investment goals before making any investment decisions.

Ashish Singhal is the CEO of CoinSwitch.

CoinSwitch is primarily known for being a cryptocurrency aggregator, providing users with the ability to compare and convert cryptocurrencies across exchanges. Coinbase, alternatively, is a stand-alone exchange that also offers a user-friendly platform with a variety of additional services.

The profitability of using any cryptocurrency exchange, such as CoinSwitch, can vary based on market conditions, transaction fees, and individual trading decisions. It’s crucial to understand all associated costs and potential risks.

Both WazirX and CoinSwitch cater to the Indian market and offer different experiences. WazirX has a range of features for both beginners and advanced traders, while CoinSwitch is known for its user-friendly interface.

The “better” platform would depend on the user’s specific requirements and preferences.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: