In this Coinswitch Kuber exchange review 2022, we will be going through all the steps involved while trading digital assets. Moreover, we will also glance at the platform’s fees, security, and most important pros and cons. The platform is stable and keeps your money safe. However, it is always advised to go through the platform’s work and attain knowledge before investing your hard-earned money.
Coinswitch Kuber Review: Impact on Indian Cryptomarket
The platform successfully brings and offers a simple and easy experience to its Indian users of the crypto market. We know the importance of a user-friendly platform, and Coinswitch Kuber is standing still to offer you the same. All the complexities are eliminated under the Coinswitch.
All it renders is a user-friendly experience for beginners in cryptomarket. With the emergence of crypto in India, this app-based platform is the most efficient and accessible.
CoinSwitch Kuber Review: Pros and Cons
No CoinSwitch review is complete without listing its pros and cons. However, the trading platform packs numerous benefits, making it a popular choice among newbies and experienced traders. Here is a brief overview of its benefits and drawbacks:
|Its user-friendly interface is ideal for beginners.||KYC is mandatory to get started.|
|Supports instant INR deposits and withdrawals.||It only supports one fiat currency, INR.|
|A short KYC completion process.||It’s limited to Indian residents.|
|Do not impose any transaction limit unless there are specific requirements.||Credit and debit cards are not supported.|
|IMPS bank deposits, NEFT and UPI are supported.||Do not pack the tools to offer quality day trading.|
|Customer service is impeccable.||A slight delay between the actual price and the selling price.|
|Its mobile app is rated 3.5 out of 5 on PlayStore.|
|Users can earn 50 Rupees worth of Bitcoin by referring a new customer.|
|Low trading fees at 0 to 0.5%.|
|Equips numerous security standards.|
What is CoinSwitch?
CoinSwitch is a cryptocurrency exchange that permits users to convert one coin into another according to the market rates. It gives traders the authority to choose exchange rates from several prominent exchanges. The traders are allowed to anonymously trade more than 350 crypto coins on this platform.
How Does CoinSwitch Work?
The majority of crypto exchanges only let users buy or sell coins. But, they don’t let you replace one coin for another. For instance, if you’ve BTC in any of your Bitcoin wallets but you desire to trade it for ETH. The majority of platforms do not allow you to trade in this way. CoinSwitch, however, supports more than 300 coins that traders can trade for other crypto coins – without the involvement of cash.
This procedure saves a lot of time and money for traders who want to convert one coin to another. Let’s say you want to convert BTC to XRP. You’ll pay a hefty fee when you sell BTC, (in addition to capital gains tax), and when you buy Bitcoin with PayPal, you should also have to pay a fee for that too. Fortunately, CoinSwitch lets you directly trade one coin for others with possible best rates.
Depositing Money on CoinSwitch Kuber
- Launch the mobile app.
- Browse the Deposit INR option and tap on it.
- Now, enter the desired amount. The minimum deposit limit is 100 Rs.
- Tap on the Deposit option.
- Choose a payment method option between UPI or a direct bank transfer via RTGS, NEFT, or IMPS.
- Select the preferred UPI app and complete the transaction process.
- In case of a direct bank deposit, fund the account before completing the transaction.
Once the deposits are made, users can start buying cryptocurrencies. Unlike deposit and withdrawal, there is an option to place limit orders. To place the order, traders must fill in the quantity and price to buy or sell the cryptocurrency. Once the crypto reaches the price, the exchange will conclude the trade.
Which cryptocurrencies can I buy/sell?
CoinSwitch allows you to buy and sell more than 500 cryptocurrencies, including the following:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Cardano (ADA)
- Dash (DASH)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Litecoin (LTC)
- Monero (XMR)
- NEO (NEO)
- Ripple (XRP)
- VeChain (VET)
- Verge (XVG)
To see the list of 500+ cryptocurrencies listed on CoinSwitch, check out our FAQ section.
Which Countries Does CoinSwitch Support?
CoinSwitch permits customers across the globe to trade on their platform. Established and based in India, the management offers its services to clients all around the world. This is not a regulated platform, which allows the management to accept clients from all over the world. In order to find out your eligibility criteria to use the platform, you can directly contact the CoinSwitch support team.
Below is the list of countries that are accepted on CoinSwitch:
- Czech Republic
- San Marino
- United Kingdom
- United States
Coinswitch Kuber Review: Security
Coinswitch Kuber is one of the most stable and reputed crypto exchanges, which is well-funded to keep the users’ assets secure. They make users complete their KYC to maintain transparency. Moreover, Coinswitch services are ISO 27001 compliant and SOC2 Type II certified. Also, they claim that they take the security of users very seriously and thus maintain the app accordingly.
CoinSwitch Kuber Customer Support
Every modern crypto exchange must boast responsive customer support to survive the competition. CoinSwitch Kuber does it impeccably by offering a dedicated FAQs section to help users.
Additionally, the platform allows customers to generate tickets for any issues. The customer service team tries to resolve the issues while keeping the user notified quickly. There is also a live chat option available between 7 am and 10 pm.
If needed, users can even contact the team through email at firstname.lastname@example.org. The usual response time for email is 12 hours.
Coinswitch Kuber Review: Conclusion
Coinswitch Kuber is an emerging name among the Indian people. It is a secured platform and is the best crypto app in India. It offers more than 100+ cryptocurrencies. At the same time, users can start trading with only INR 100. The way it keeps adding new cryptocurrencies to its list and enhancing its security will continue to become one of the most reliable platforms.
The platform also comes with a few setbacks like it is not operational without KYC. Furthermore, you can’t manage transfers between cryptos. The platform does not even charge a single penny from its users as trading fees. My only suggestion to you is to utilize a hardware wallet to store your large amount of crypto assets.
Frequently Asked Questions (FAQs)
How to buy bitcoins on Coinswitch?
Firstly, you need to visit the official Coinswitch Kuber website. Then select “INR” and” BTC” from the dropdowns. You can view all the offers from the “View all offers” section. Second, select the desired option. Third, fill in the BTC wallet details. Lastly, make the payment in INR.
Is Coinswitch safe?
Yes, Coinswitch Kuber is both legit and safe. Till now, it has never been hacked. Moreover, it is a non-custodial exchange, and therefore does not custody user funds. The platform takes users’ data and assets seriously and thus always tries to adopt the latest security practices.
How reliable is Coinswitch?
After looking at all the features which users can implement without any hectic processes, we can conclude that it is genuinely well grounded. Also, more than 50 lakhs people use this application, which shows their trust in Coinswitch Kuber.
What is the Coinswitch Kuber customer care number?
According to Coinswitch, they do not offer any customer care number. The only way for users to contact them is through tickets and live chat.
Where is CoinSwitch located?
The company was founded in 2017 and is located in Bangalore, Karnataka. Coinswitch Kuber is one of the best apps to buy bitcoin in India.