CoinSwitch is a cryptocurrency trade aggregator which was established in 2017 in India. The platform enables users to have access to over 300 cryptocurrencies and trade with 45,000 foreign money pairs. By integrating a number of world-leading exchanges the platform allows for fast trades with no limits.
CoinSwitch helps a wide list of cryptos which contains of over 300 tokens and cash, together with the following: Bitcoin (BTC), Bitcoin Cash (BCH), Cardano (ADA), Dash (DASH), Ethereum (ETH), Ethereum Basic (ETC), Litecoin (LTC), Monero (XMR), NEO (NEO), Ripple (XRP), VeChain (VET), Verge (XVG).
Supported international locations
CoinSwitch presents its providers on a worldwide stage, meaning that a lot of the world’s users can use the platform. Contact CoinSwitch support directly so as to find out precisely in case your country of residence can access the exchange.
You can make deposits and withdrawals on CoinSwitch only by using the supported cryptocurrencies as fiat deposits should not available.
This also means that you can’t make a deposit by utilizing a credit card or bank switch, which can be very inconvenient for first-time users. But, as the trade lacks fiat currency assist, it complies with fewer regulations depending on the country you live in.
No minimum or maximum limits are applied to transactions by CoinSwitch. But, if your exchanged quantity is lower than the network fee of your coin’s blockchain, the transaction won’t be accepted and you’ll need to adjust the amount to reach that minimal fee.
It needs to be noted that depending on the exchange you select to trade on, you might have a most restrict on transaction quantities imposed by the platform.
The fees charged by CoinSwitch range relying on the change that you select on your trading operation. This price is added to the fees charged by the exchange you select to your trade.
In case you decide to trade on Changelly, Changer, Blocktrades, EverCoin, or ShapeShift, CoinSwitch is not going to apply any charges on its part. Under is a list of exchanges and the fees charged by CoinSwitch:
Changelly: 0% price
Shapeshift: zero% charge
Changer: zero% price
EverCoin: zero% fee
KuCoin: 0.25%-0.59% fee
Bittrex: 0.25%-0.98% price
Cryptopia: 0.25%-0.98% payment
Others: 0.25%-0.ninety eight% payment
By being able to pick the alternate that offers essentially the most advantageous rates, users can be able to save cash and time by having the platform collect and examine the data for them.
Is CoinSwitch safe to use?
As a way to open an account and start trading on CoinSwitch, you’ll be required to supply the next information: a valid e-mail address, your name, date of start, your country of residence, and your phone number.
Your e mail address and phone number should undergo a verification process before the account might be activated.
The safety measures applied by CoinSwitch for customer funds and knowledge usually are not specified on its website or other outlets, so there isn’t a method of evaluating if the platform is safe to use.
To start out the registration process for a CoinSwitch account, you’ll have to enter its official website, click on on the Account tab, after which click on register. Fill in the fields with your e mail address and select a strong password. After you’ve gotten agreed on the terms, enter your name, date of beginning, country of residence, and your phone number. Wait in your e mail address and phone number to be verified.
Clients can contact the CoinSwitch assist staff by sending an email to the next address: firstname.lastname@example.org. Its customer help has been rated positively on account of its quick response times. An e mail response is normally given within 12 hours.
For additional queries and clarifications, users can access a list of frequently asked questions and an internet alternate tutorial. A live chat function can be available for direct contact with a support staff member.
CoinSwitch is a cryptocurrency change aggregator which gathers and automatically compares crypto trading pairs from the preferred exchanges. The ignorance relating to the platform’s security features or development workforce might be of concern for individuals who are looking for a more transparent service.
However, the CoinSwitch platform still stays a viable option for traders searching for the perfect cryptocurrency exchange rates.