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CoinSwitch Review: Pros, Cons, Fees, Features, and Safety

Coinswitch not only allows its users to trade over 300 cryptocurrencies but also give them access to over 45,000 cryptocurrency pairs. Its users can also anonymously convert their crypto coins across several exchanges to get the best rates.
Rating 3/5
We do not recommend this exchange. Read on to find out why we think there are better alternatives out there.

CoinSwitch is one of the most unique exchanges in the cryptocurrency space as it permits users to convert bitcoin as well as and hundreds of altcoins. It has integrated several prominent exchanges from across the globe such as HUOBI, Binance, KuCoin, Cryptopia, HitBTC, IDEX to offer best exchange rates to clients.

This crypto exchange covers more than 300 cryptocurrencies along with over 45000 pairs to exchange.

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68% of retail investor accounts lose money when trading CFDs with this provider.

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    This platform permits users to anonymously convert their crypto coins across several exchanges with the best possible rates.  Its interface is user-friendly and intuitive – with a wide number of the offering of crypto pairs.

    With the increasing volume of cryptocurrency trading, the numbers of digital asset exchanges have also been increasing at a tremendous rate. These exchanges offer innovative functions, lower fees, and niches to give them a competitive edge over others. With so many available choices around the web, it’s hard for both new and advanced investors to decide where they’ll move. In this guide, we presented all the features and functions of CoinSwitch.co along with its regulatory compliance and fee structure.

    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 an 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 of 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 to directly trade one coin for others with possible best rates.

    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 CoinSwitch support team. Below is the list of countries that are accepted on CoinSwitch:

    • Australia
    • Austria
    • Belgium
    • Bulgaria
    • Croatia
    • Cyprus
    • Czech Republic
    • Denmark
    • Finland
    • Greece
    • Hungary
    • Ireland
    • Italy
    • Latvia
    • Liechtenstein
    • Malta
    • Monaco
    • Netherlands
    • Norway
    • Poland
    • Portugal
    • San Marino
    • Singapore
    • Slovakia
    • Slovenia
    • Spain
    • Sweden
    • Switzerland
    • United Kingdom
    • United States

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    for $1000 you get0.0334 BTC
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    68% of retail CFD accounts lose money.
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    CoinSwitch Alternatives

    68% of retail CFD accounts lose money.
    As prices of digital assets are highly volatile, users could lose all or a substantial portion of the value of any digital asset they purchase.
    74% of retail investor accounts lose money when trading CFDs with this provider.
    The price and value of any investment in digital asset products can fluctuate.
    The traded price of digital tokens can fluctuate greatly within a short period of time.
    Market prices for digital tokens can be volatile and highly unpredictable.
    As with any asset, the values of digital currencies may fluctuate significantly.
    The value of digital currencies can go up or down frequently.
    71% of retail CFD accounts lose money.
    Rating
    5.0
    4.9
    4.7
    4.7
    4.6
    4.5
    4.4
    4.3
    4.1
    Mobile App Rating
    10/10
    10/10
    9/10
    9/10
    8/10
    8/10
    9/10
    9/10
    9/10
    Mobile App
    Wallet
    Number of Coins
    13410859223412465215
    Trading Fees
    Spreads0.2%Spreads0.1%0.1%0.1%0.1%0.50%Spreads
    Deposit Fees
    N/AN/AN/AN/AN/AN/AN/AN/AN/A
    Withdrawal Fees
    $5N/AN/A0.0005 BTCN/AN/AN/AN/AN/A
    Regulated
    ASIC, CySEC, FCAN/ACySECN/AN/AN/AFCAFCACBI, MiFID
    Min. Deposit
    $50N/A100 EURN/AN/A$10$10$2$100
    Leveraged Trading
    N/A1-200xN/A1 - 100x1 - 100x1 - 10x1 - 100xN/A1 - 30x
    Bitcoin
    $29923.56$40377.55$30040.25$29943.01$40391.88$40393.04$40404.41$40416.27$30025.29
    Ethereum
    $2067.89$2795.54$2043.54$2030.85$2796.11$2795.55$2797.45$2796.59$2036.43
    XRP
    $0.43$0.78$0.42N/A$0.23N/A$0.78$0.30$0.42
    Tether
    $1.00N/AN/A$1.00$1.00N/AN/A$1.00N/A
    Litecoin
    $68.29$108.99$67.36N/A$109.04N/A$109.10$109.04$67.42
    Bitcoin Cash
    $204.25$294.96$203.05N/A$506.41N/A$295.12$295.07$202.95
    Chainlink
    $7.35$14.68$7.37N/A$14.26N/A$14.68$14.67$7.46
    Cardano
    $0.58$0.83$0.57N/A$0.83N/A$0.83$0.83N/A
    IOTA
    $0.36$0.70$0.35$0.35N/A$0.70$1.91$1.91$0.35