Cryptocurrency Exchange Coinswitch Review

With the expansion of the entire crypto market, investors from all over the world are now trying to get access to virtual currencies. Coinswitch is one of the platforms that is onboarding new users on a daily basis. This cryptocurrency exchange was able to attract more than 10 million users in India and it is expected to continue expanding in the country. 

If you do not know what Coinswitch is, how it works and whether you can sign up to it, we will tell you all the details in this Coinswitch review. At the same time, we will go through all the main characteristics of this platform and how it could help you purchase virtual currencies in just minutes. 

Table of Contents

What is a Cryptocurrency Exchange?

Cryptocurrency exchanges are platforms that let you buy and sell virtual currencies. If you want to buy Bitcoin (BTC), you simply open an account at an exchange, you deposit funds, and you purchase the virtual currencies you want. This is how easy a cryptocurrency exchange works. 

However, over the last few years, the services offered by crypto exchanges have been expanding. Thus, you would not only be able to buy and sell cryptocurrencies, but you would also be able to store funds, trade, use leverage, stake your coins and even borrow and lend digital assets. 

This is why virtual currency exchanges are now one of the fundamental pillars of the crypto economy. They let users engage in different trading activities and have close contact with the cryptocurrency market. 

Users all over the world are now trying to get access to virtual currency. This is a fact in Europe, the Americas and also Asia, including India. Each region tends to have different platforms that comply with local regulations and that also support local currencies. There are also some international platforms that can onboard international clients and that also offer support to different fiat currencies. 

Through a cryptocurrency exchange, users are also able to store their coins and create a diversified portfolio. Some platforms are more advanced than others and some of them might even have better services than others. However, these are very useful to let users engage in different activities in the crypto market. 

Finally, some of these platforms are fully regulated in some jurisdictions, making it possible for users to get access to legal protection. Despite that, regulations remain very different across jurisdictions and platforms. In this case, we are talking about an exchange that was able to deal with the regulatory environment without major issues. 

What is Coinswitch?

Coinswitch is one of the largest cryptocurrency exchanges in the world. With a focus on the Indian market, this exchange believes that crypto investing should be as easy as ordering food online. This is why they are offering a user-friendly interface for people to purchase virtual currencies. 

As they explain on their official site, they have centred their vision around creating an investment ecosystem that simplifies investment. By combining transparent pricing with an extensive knowledge hub, users can make informed decisions and thrive in a dynamic digital investment world. 

COinswitch Kuber

Coinswitch Kuber is now offering a wide range of crypto assets for users to buy and sell Bitcoin instantly at as low as Rs. 100. This is why this became a very popular platform for users to engage in different trading activities and get unique access to virtual currencies. 

Let’s not forget that the Indian market has been affected by FUD and regulatory uncertainty. That’s why it is worth noting that this exchange made a big effort to become a fully operative crypto platform in the Indian market. In the past, a large number of exchanges have been forced to shut down and many others have been denied banking services.

Coinswitch Kuber is now among the best exchanges in the market in terms of services offered to the Indian market. They offer the best possible prices in virtual currencies, they have zero brokerage fees, no lock-in period and also instant trading on more than 100 cryptocurrencies in just a single click. 

Furthermore, investors can start with as low as Rs. 100 and trade with more than Rs. 1,000,000 without encountering issues. In the next sections, we will share some of the main characteristics of this exchange and how these features became very important to users. 

Coinswitch is considered to be a non-custodial exchange, which means that they would never hold your virtual currencies on your behalf. You will always be in control of your coins, which is definitely important in terms of privacy and safety. This is in line with the goal of making the whole trading experience more user-friendly and reducing the friction between the fiat economy and the crypto industry. 

Coinswitch Kuber Main Features

Coinswitch Kuber has many different features that are worth analysing. One of the things we need to pay attention to when using an exchange is the features they offer to users. Let’s now see which are these services offered by Coinswitch and how it became one of the most popular crypto exchanges to buy and sell digital assets in India. 

Coins Supported

Let’s start with the coins supported. When we select a cryptocurrency exchange to trade in the market, we need to always have a look at the coins they are offering. We want to make sure they support several digital assets, as this would let us build a cryptocurrency portfolio that is diversified and balanced. 

At the same time, we also would understand whether this platform has been working in order to make as many cryptos available to users as possible. In this case, Coinswitch is definitely a platform that you can rely on in terms of virtual currencies. 

Coinswitch Kuber

You would not only be able to buy Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) – some of the most popular virtual currencies – but you would also have access to smaller cap cryptocurrencies. Rather than relying on the largest digital assets, Coinswitch lets you have real access to the virtual currency market (which is continuously growing). 

Furthermore, there are different trading pairs. According to their FAQ section, they have more than 45,000 crypto exchange pairs that users can trade. That’s not an exaggeration, they literally wrote:

“Coinswitch makes investing in cryptocurrency very simple. We have over 45,000+ cryptocoin exchange pairs available which you can trade with anonymously. Coinswitch is the one-stop destination to trade or purchase any cryptocurrency with credit cards.”

Few cryptocurrency exchanges in the world are able to say that they offer more than 1,000 trading pairs. This is why Coinswitch has done a very good job with these digital currencies and trading pairs. Despite that, it is worth taking into consideration that some of these trading pairs could have low liquidity, meaning that they might not be as efficient to trade as large caps. 

Deposit Methods

Having several deposit methods is also a very positive thing. We want to make sure that we get access to virtual currencies using a wide range of payment methods. Some exchanges were only accepting cryptocurrencies in the past. This was one of the main issues that didn’t let adoption grow. 

However, most crypto exchanges nowadays have at least one currency payment gateway. It could work through a bank transfer or by using other payment methods such as PayPal, Skrill, Neteller or credit and debit cards. 

Coinswitch has made a great effort in order to offer users INR deposits with both IMPS and UPI. The co-founder and CEO of the platform, Ashish Singhal, explained that they want to make the whole experience as easy as ordering food online (as already mentioned before). This is why it became very important for users to have several deposit methods, including fiat currencies. 

Nowadays, users can deposit funds on the platform, as mentioned above, using IMPS and UPI, but also through credit and debit cards. In this way, investors are able to get access to different virtual currencies in just a few taps (or clicks). 

Another positive thing about Coinswitch deposit methods is that there are no deposit fees, meaning that you would receive the full amount you deposited. Additionally, there is no lock-in period when you deposit your funds. You can withdraw them at any time if you decide to do so. Thanks to this approach to deposits, Coinswitch was able to become one of the largest platforms to trade digital currencies in the Indian market. Additionally, it is a clear example of how to deal with difficult regulations and find a way to offer the services that clients need. 

Is Coinswitch Safe?

Now, one of the main questions that we need to answer is whether Coinswitch Kuber is a secure platform. This is a very important question as we would be handling money on an online platform. 

Let’s also not forget that Coinswitch is a non-custodial cryptocurrency exchange. This is different compared to other exchanges such as Binance or Coinbase, as the platform would not be in control of your coins. You would be in charge of your funds at all times. 

Over the last years, we have heard how different cryptocurrency exchanges have lost millions of dollars worth of virtual currencies due to hacks. If that happens, users usually lose their funds and they might never recover them. This is why it is important to analyse the security of the platforms we use. 

Instead, with Coinswitch Kuber, things are different. The platform would never be in control of your funds. They would only let you purchase the digital assets you want in just a few simple steps and with different payment methods. 

The exchange is then safe and legit as it became a recognized crypto trading platform in the market. Despite not being in control of your funds, you still get access to all the benefits that a centralized exchange could offer. That means that your funds would be converted into other digital currencies without them using your funds or keeping them for long periods. 

Basically, as they do not have a wallet address, hackers cannot steal funds from it, as it happens with other exchanges. This is a very positive thing as you would control your funds at all times. 

Coinswitch Kuber Team

Coinswitch Kuber is a legit and recognized exchange that has been operating for several years now. Having an experienced and recognized team is one of the most important things of any crypto and non-crypto project. 

The founder and CEO of the platform Ashish Singhal, has been one of the main figures pushing the exchange forward. 

Before Coinswitch Kuber, Ashish Singhal worked as the founder and CEO of CRUXPay, an open protocol that simplifies the way people use crypto. Users were able to create a readable CRUX ID that could then be used to send and receive payments. 

The co-founder and CTO of the platform is Govind Soni, who co-founded CRUXPay in the past and worked side by side with Ashish Singhal. Later, he moved forward co-funding Coinswitch Kuber.

Other team members include Vimal Sagar Tiwari (Co-Founder and COO), Sharan Nair (Chief Business Officer) and many others. The team is also trying to expand and bring new talents into the company, showing the need they have to continue offering new and reliable services to clients in different countries. 

You can follow them on social media to understand what they normally do and how they are working in order to offer even better services to investors.  

Who is Backing Coinswitch Kuber?

Coinswitch Kuber has been backed by different recognized venture companies in the world. These companies include Sequoia Capital, Ribbit Capital, Tiger Global and Paradigm, among others. This shows that there are several large companies in the crypto market that are backing the development and expansion of Coinswitch Kuber. 

At the same time, Coinswitch Kuber has been featured in several news sites from all over the world, including Forbes, YourStory, The Economic Times, Live Mint, Cnbc NDTV and Tech Circle, among others. 

Final Words on CoinSwitch Kuber Review

Companies like Coinswitch have been shaping the cryptocurrency world for years. This exchange is making it possible for users to get access to virtual currencies without having to be worried about losing their funds or creating an account at a crypto exchange. 

The whole experience is very simple and easy, meaning that the process is very user-friendly. Thanks to capital injected by some of the most recognized companies in the crypto market, CoinSwitch Kuber is now one of the largest and most recognized exchanges in the crypto industry. 

If you want to buy and sell virtual currencies, then CoinSwitch became one of the best platforms to do so in the industry.

Via: 2Usethebitcoin.com

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