Switchere Review 2022: Security, Fees & Special Features

Senior Editor
Publish date: Jul 08, 2021
Last updated: Apr 27, 2022

The web’s most detailed Switchere review: Regulated in Estonia as a virtual currency service provider, Switchere is a newcomer on the cryptocurrency exchange scene and we decided to take a closer look at why this platform has gotten such a good reputation. Some of the stronger selling points of this platform are the easy crypto swaps, fiat on-ramps, a very user-friendly interface, and the option to buy crypto without filing your KYC documents. For a better picture of what Switchere offers, read our full review.

Our rating:
4.12/5
Excellent
Regulated by
MEAC
Estonia flag
Switchere
Founded October 2019
Owner FITEUM OÜ
Type Cryptocurrency Exchange
Fees 3.60%
account minimum 10$
Best for Investors

Pros

• Excellent customer support
• Many fiat payment options
• Discount program for active traders

Cons

• No advanced trading interface
• No mobile app
• Restricted in the US

Why Switchere

In this section of our Switchere review we highlight 6 special features that deserves extra attention.

Easiest and fastest way to buy cryptocurrency with fiat through card payments, bank transfers, or e-wallets.
Buy Cryptocurrency
Easiest and fastest way to buy cryptocurrency with fiat through card payments, bank transfers, or e-wallets.
Deposit money instantly and access the markets within seconds. No delays, no mess, only trading.
Instant Deposits
Deposit money instantly and access the markets within seconds. No delays, no mess, only trading.
Trade or invest on the go with your smartphone. Keep track of your portfolio where ever you are.
Trading App
Trade or invest on the go with your smartphone. Keep track of your portfolio where ever you are.
This platform is perfect for beginners with limited trading or investing experience online.
Beginner Friendly
This platform is perfect for beginners with limited trading or investing experience online.
Enjoy instant live chat answers and accurate explanations from a dedicated support agent who is on point!
Professional Support
Enjoy instant live chat answers and accurate explanations from a dedicated support agent who is on point!
Register your account with lightning speed and start trading within minutes. Never miss a trade setup.
Quick Registration
Register your account with lightning speed and start trading within minutes. Never miss a trade setup.

About Switchere

Switchere is a cryptocurrency exchange licensed and regulated in Estonia where you can buy bitcoin and other cryptocurrencies very seamlessly with a fiat onramp for several different currencies. The company behind this new operation is called FITEUM OÜ and the main office is located at J. Vilmsi tn 47, Kesklinna district, Tallinn, Harju county, 10115.

Switchere was launched back in 2019 and is considered a new crypto trading platform. The advantage this cryptocurrency exchange offers is fast, simple, and safe investments in bitcoin and other major cryptocurrencies through several popular payment methods and fiat currencies along with some more exotic currencies such as IDR, KES, MYR, THB, and VND.

Why use Switchere

Crypto traders who are looking for easy and fast access to buy bitcoin cryptocurrencies without KYC, ID, or verification. You can buy coins instantly up to €150 without KYC, ID, or verification. After this limit has been met you are required to send in documents to increase your limit. The Switchere KYC process is very streamlined and will not take long to complete.

Except for a very intuitive platform where you can invest in cryptocurrencies, Switchere also offers a great education section, trading tips, and price predictions on their blog page. Visit the blog to read up on cryptocurrency topics such as smart contracts, NFT’s, trading bots, mining, and crypto-wallets. I highly recommend that you check out the news feed on their blog page since it’s packed with interesting reads I know crypto traders will enjoy.

Trading on Switchere

Switchere offers an instant exchange tool where you can swap between cryptocurrencies in an instant. I really like the design of the interface and it’s incredibly beginner-friendly. Choose which coin you have, what coin you want to receive, and then add your wallet address, that’s it. Then click the exchange button and fill in the details and make the trade.

It’s very convenient for both beginner and more experienced crypto traders thanks to the high exchange limits offered by Switchere. On this exchange you don’t need to hold back whenever you find a new crypto gem, you can stock up as much as you want of your favorite coins.

Switchere offers charts for all their coins where you can see the current price development with up to a year’s history.

Payment methods and limits

Switchere offers traders and investors to buy cryptocurrencies instantly with Credit cards, SEPA bank transfers, Neteller, Klarna, Sofort, and Klarna. The minimum deposit limit is $10, there is no minimum withdrawal limit, and there is also no maximum withdrawal limit.

Switchere category rating

Costs:2.0/5
Security:4.0/5
Investment Features:4.0/5
User-friendliness:4.2/5
Educational Resources:4.0/5
Mobile-Friendly:4.5/5
Funding:4.5/5
Customer Support:4.5/5

Things we don’t like

I don’t think there is much to complain about on Switchere except that there are no cryptocurrency wallets on the exchange. This is something that new traders might not be used to since they have to control their own wallets and all their digital assets.

We recommend all our traders and investors who want to buy bitcoin and cryptocurrencies without KYC, ID, or verification.

Switchere Trading Fees

Products
Maker fee
Taker fee
Cryptocurrency
3.60 %
3.60 %

Products

Cryptocurrency
Cryptocurrency

Trading Platforms

Webtrader
Webtrader
Mobile App Android + Mac
Mobile App Android + Mac

Order Types

N/A

Supported Devices

Desktop
Desktop
Smartphone
Smartphone
Web
Web
Tablet
Tablet

Special Features

Fast Withdrawals
Market News
High Limits
Altcoins
2FA Verification
Education
New Trading Platform
Fast Account Verification
Security Of Funds
Fiat Account
Price Prediction
Instant Coin Exchange
High Security
Trading Tips

About the special features on Switchere

This crypto platform is a great hub for buying and selling major digital assets such as Bitcoin, Ethereum, Ripple, Link, and Tron. One of the most impressive features of this exchange is that you can buy coins with credit cards up to €150 per without sending in KYC documents. This combined with many popular payment methods makes Switchere a great exchange to use.

The Switchere blog is full of educational content which we always like to see. Browse through news stories, cryptocurrency guides, trading tips, and other tutorials and learn new things about this interesting world of digital assets. I highly recommend that you spend some time in the price precision section of the Switchere blog to learn what the professionals have to say about the future of cryptocurrency prices.

Buy Bitcoin and Cryptocurrencies Instantly Without KYC, ID, or Verification

On Switchere it’s possible to buy bitcoin and cryptocurrency instantly without KYC, ID, or verification up to €150. After you reach this threshold it’s obligatory to file KYC documents but until that level is reached you are free to purchase bitcoin and cryptocurrency instantly and anonymously without KYC, ID, or verification.

Cash Out Cryptocurrency to Neteller, SEPA, or Credit Card

If you are looking for a cryptocurrency exchange to convert cryptocurrency or bitcoin to USD, EUR, IDR, KES, MYR, TBH, or VND, you have landed on the right page. Switchere lets you withdraw cryptocurrency to cash with Neteller, SEPA transfers, or Credit cards at a very low rate.

Buy Cryptocurrency with IDR, KES, MYR, THB, and VND

Witchere offers great solutions for crypto traders coming from Indonesia, Kenya, Malaysia, Thailand, and Vietnam to buy bitcoin and cryptocurrency with IDR (Indonesian Rupiah), KES (Kenyan Shilling), MYR (Malaysian Ringgit), THB (Thai Baht), and VND (Vietnamese Dong).

Switchere Discount Program

It is very beneficial to buy and invest in cryptocurrencies on Switchere thanks to their generous rewards program. The more cryptocurrency you purchase, the cheaper it gets. If you are a large cryptocurrency trader who wants to buy large amounts of crypto cheap, then Switchere is a very good option for you! You can get up to a 45% discount on the service fee.

Our own experience with Switchere

Switchere home page
Switchere home page
Switchere dashboard
Switchere dashboard
Switchere buy crypto
Switchere buy crypto
Switchere KYC & limits
Switchere KYC & limits
Switchere convert
Switchere convert

Switchere Funding Methods

Visa
Visa
Mastercard
Mastercard
Bank transfer
Bank transfer
Neteller
Neteller
Sofort
Sofort
SEPA
SEPA
Klarna
Klarna
Cryptocurrency
Cryptocurrency

Accepted Currencies

USD ($)
EUR (€)
IDR (Rp)
KES (Ksh)
MYR (RM)
THB (THB)
VND (₫)

Limits

Max Withdrawal Limits
No limit
Min Withdrawal Limits
No limit
Min Deposit Limits
$10

Switchere Withdrawal Fee

Method
Fee
N/A
N/A

Languages

United Kingdom
English
Spain
Spanish
Germany
German
Korea, Republic of
Korean

Restricted Countries

Afghanistan
American Samoa
Bahamas
Bosnia and Herzegovina
Botswana
Ethiopia
Ghana
Guam
Guyana
Iran, Islamic Republic of
Iraq
Lao People"s Democratic Republic
Libya
Netherlands
Niger
Korea, Democratic People"s Republic of
Pakistan
Panama
Puerto Rico
Samoa
Saudi Arabia
Sri Lanka
Syrian Arab Republic
Trinidad and Tobago
Tunisia
Uganda
United States
United States Minor Outlying Islands
Vanuatu
Yemen

Security

Is Switchere legitimate?

Switchere is considered a safe cryptocurrency exchange and due to the Estonian license and regulation, the trustworthiness of the platform is increased. Standard 2fa verification to protect your account from outside threats is of course an option.

Is Switchere a regulated platform?

Yes, it is. Switchere is regulated by the Estonian government through The Ministry of Economic Affairs and Communications (MEAC).

Support

Live Chat
Live Chat
Phone Number
Phone Number
+3726104250
Contact Form
Contact Form

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Frequently asked questions

Read the most frequently asked questions about Switchere. Find answers without searching the web.

Yes, the platform offers you the possibility to buy cryptocurrencies without verifying your account up to €150 monthly. In order to increase the limits, you need to verify your identity, address, and proof of income.

The headquarter address is located at J. Vilmsi tn 47, Kesklinna district, Tallinn, Harju county, 10115.

No, you can purchase crypto up to €150 without credit card verification.

The standard time for Switchere to verify your documents is up to 1 business day.

Yes, the minimum deposit limit for the exchange is $10.

No, it is not possible to use the platform from the United States.

If any issues with transactions arise, please contact customer support at customercare@switchere.com.

Review Sources

The editorial team of Trading Browser is required to use first-hand sources to collect and share information regarding the businesses we promote. Among these sources, you will find LinkedIn profiles, Trustpilot reviews, Sitejabber ratings, whitepapers, government reports, and other reputable sources. Below is a shared list of the article sources used for this review.

  1. LinkedIn – “Switchere Company
  2. Trustpilot – “Switchere.com