The webs most detailed Coinswitch review: Exchange and trade more than 400 altcoins or create your own cryptocurrency exchange in a matter of hours through Coinswitch. Learn why this cryptocurrency aggregator has managed to attract investors from all over the globe. We sent one of our experts to dive deep and look at the details that make this exchange special.
In this section of our Coinswitch review we highlight 6 special features that deserves extra attention.
CoinSwitch is a cryptocurrency exchange aggregator, or in English, a place to trade a lot of altcoins. The man behind this project is an Indian man named Ashish Singhal and he helped to launch the site back in 2017, just before the last bitcoin boom. In Tradingbrowser terms, this is a new trading platform and so far it’s been proven trustworthy.
The location of the headquarter is 91 Springboard Outer Ring Road, Mahadevapura, Next to More Megastore, Bangalore, karnataka 560048, India. Currently they offer the service is severa different languages and a massive amount of fiat currencies are available to buy crypto with.
Why use CoinSwitch
CoinSwitch is a site for you who is looking to exchange your bitcoin to altcoins or from altcoin to another altcoin. This is a great platform for swapping between coins when a new opportunity arises. If you find a new project there is a high probability that the token is offered at this exchange and you can trade it without even signing up.
If you are looking for a very easy-to-use platform for cryptocurrency exchanging you have landed on the right spot. The interface is very easy to understand, and I would recommend it for all newcomers to the crypto scene. However, I have to say that you need some experience at least to understand how the wallet system works.
Trading on CoinSwitch
Since this exchange is built only for exchange purposes, there is no charting package or interface for active trading. It’s a very simple site that offers one way trades.
Payment methods and limits
Payment methods are limited to VISA, Mastercard, and of course cryptocurrencies. Since this is a blockchain-driven platform, the withdrawal limits are sky high and there should not be an upper limit as long as there is liquidity for it. The minimum deposit on CoinSwitch is $50.
Things we don’t like
The CoinSwitch platform is very complete as it is, the only thing pitfall here is that the support is underdeveloped. It looks like there is a live chat but so far I have not been able to reach anyone from the support team. They say it’s best to send an email and get answers there. I think it’s very important for a new player to focus on the customer support part to really stick out among all potential customers.
I don’t have much more to point out on the negative side except that the payment providers for fiat payment is very limited and there is no support for bank transfers.
About the special features on CoinSwitch
CoinSwitch is a cryptocurrency aggregator that is connected to many of the major cryptocurrency exchanges such as Houbi, KuCoin, Binance, HitBTC, and more. There are not many extra features to choose from and in this case, I think it’s a good thing for CoinSwitch. It’s a very simple instant crypto exchange where you can swap between coins and get decent rates all the time. It’s super easy to use which means pretty much nothing can go wrong here.
You have the option to connect the CoinSwitch API to your website or online store to accept payments in cryptocurrencies or to create your own exchange. Other than this, what you see is what you get, a great way to instantly exchange cryptocurrencies.
CoinSwitch offers trading in over 400 altcoins, including bitcoin. You can buy some of the cryptocurrencies with a credit card or debit card, the rest is up for swapping. The list of coins keeps growing on CoinSwitch which means that new coins and projects are released all the time. What makes this a great platform to use is that you can exchange coins without even signing up, and you have access to the order books of some of the biggest platforms on the market.
You can trade cryptocurrencies on CoinSwitch without filing your KYC documents. However, if you decide to use your VISA or Mastercard to buy coins on the platform then you need to send in your KYC documents. This is pretty much the same rule as anywhere else. The reason you can do this is due to the fact that the blockchain is not regulated by any government. So, a simple transaction from crypto to crypto does not require KYC documentation.
CoinSwitch doesn’t really have any limits for how much you can trade from crypto to crypto, as long as there is liquidity to back up your order you are free to go all-in if you like. When it comes to buying crypto with fiat money there is a limit from $50-$50.000 monthly. The same goes for withdrawal, since you can only withdraw crypto, the withdrawal limit is almost unlimited.
Trade Crypto Without an Account
Yes, it’s true. On CoinSwitch you don’t need to create accounts on several platforms to get access to them. Since this cryptocurrency exchange is an exchange aggregator, it automatically takes orders from other exchanges such as Huobi, KuCoin, Binance, HitBTC, IDEX, and ETHFINEX. All of these are household names in the crypto space and it’s a great way for investors to get access to all these altcoins from one single platform. If you are looking for the best variety of cryptocurrencies without any hassle, you should definitely visit the CoinSwitch exchange and start investing.
If your game is to join Airdrops and reap the benefits of this awesome cryptocurrency feature, then you will be glad to hear that CoinSwitch is a medium of all upcoming Airdrops. Here it’s possible to track and join all the latest Airdrops and the list of projects is almost endless. You can also add your email to get notified when new listings become available.
Is CoinSwitch safe to use?
The blockchain is inherently safe to use by nature, but CoinSwitch doesn’t have any extra security features to protect its users and there are not wallets on the exchange. All the security is passed on to the user since you are in control of all your cryptocurrency wallets. If you are a blockchain nerd it means that this exchange is very safe to operate on. However, if you don’t have much experience with cryptocurrency wallets you might find it a little bit scary to control.
Is CoinSwitch regulated?
No CoinSwitch is not a regulated crypto exchange.
Frequently asked questions
Read the most frequently asked questions about CoinSwitch. Find answers without searching the web.
The current owner and CEO is Ashish Singhal.
This definitely a legal and trusted exchange to use. It's rather new and we don't have that much information from its users but it's definitely legal to use.
This crypto exchange is developed by former Amazon and Microsoft employees which gives it credibility. We don't have any records of any funds being lost from this platform. So far we think it's a trustworthy site.
It is an instant cryptocurrency exchange with over 400 altcoins available for swapping with a trading algorithm that is connected to some of the biggest exchanges on the market. The exchange lets you swap from crypto to crypto without signing up and without KYC documents.
Citizens of The United States are prohibited from using this website and all its services.