CoinSwitch Kuber is a prominent cryptocurrency exchange based in Bangalore, with more than 7.5 million users.
The platform collaborates with global exchanges such as Coinbase, Tiger Global, and Ribbit Capital, offering competitive prices on over 100 cryptocurrencies. The accessibility of numerous cryptocurrencies encourages diverse trading experiences for its users.
Traders Union published a CoinSwitch review in 2023 which confirmed the platform’s value and potential. Following its successful Series B funding of $25 million in 2021, CoinSwitch Kuber’s future growth seems promising. This funding symbolizes the market’s confidence in its future expansion.
CoinSwitch: pros and cons
Traders Union, in its 2023 review, delineated several key advantages and disadvantages of using CoinSwitch Kuber for cryptocurrency trading.
Pros:
- Minimum deposit of about $2 is affordable for any trader.
- Access to the liquidity of the world’s major exchanges through a convenient mobile application.
- Wide range of trading instruments.
- Opportunity to sell and buy cryptocurrencies without paying transaction fees to exchange (for a limited period).
- No deposit and withdrawal fees for both fiat and cryptocurrencies.
- Simple conditions for receiving referral fees.
- An informative blog on the website featuring various cryptocurrency reviews and financial markets news.
Cons:
- Absence of leverage trading options.
- Lack of offered investment solutions, necessitating trading with personal capital.
- Only Indian Rupee (INR) is accepted as fiat currency.
- Card-based deposits and withdrawals are not supported.
Expert review of CoinSwitch Kuber
Traders Union experts examined CoinSwitch Kuber, a unique cryptocurrency exchange established in 2017. It functions as a mediator, not a liquidity provider, connecting traders with major exchanges like Coinbase, Tiger Global, and Ribbit Capital for optimal trades.
Key takeaways from the review:
- CoinSwitch Kuber enables users to work with the market, instant, 24-hour, 7-day, or 90-day limited orders.
- Trading is solely conducted via mobile applications as there’s no web platform.
- Designed for all levels of trading experience, even catering to beginners.
- User login security is ensured by a four-digit PIN code.
- The company maintains an active presence on multiple social media platforms and has a profile on Bloomberg.
- It does not currently support card deposits or deposits of DOGE, ZIL, THETA, or NEO.
- The platform occasionally disables cryptocurrency withdrawals and fiat deposits, as per site announcements.
Analysis of the main features of this crypto exchange
According to the Traders Union analysts, the assessment of CoinSwitch was carried out based on the following criteria:
- Overall score: 3.44
- Execution of orders: 3.23 out of 10
- Investment instruments: 3.65 out of 10
- Withdrawal speed: 3.29 out of 10
- Customer support work: 3.59 out of 10
- Variety of instruments: 3.07 out of 10
- Trading platform: 3.81 out of 10
Key features and trading conditions
Traders Union presents a comprehensive review of CoinSwitch Kuber, detailing its services and trading conditions.
- Primary focus: Cryptocurrency exchange and active trading.
- Investment solutions: Does not offer staking or interest for asset storage in CoinSwitch wallet.
- Passive income: Available through referral fees for onboarding new traders.
- Large investor contact: For investments over $10,000, assistance is available via email or website feedback form.
Affiliate Program
CoinSwitch Kuber offers an enticing affiliate program, where both the client and the referral receive an equivalent of 50 INR in BTC upon successful KYC verification of the new user. The trading conditions are quite straightforward with a minimum deposit of ₹100 and 1:1 leverage.
The platform operates 24/7, supporting trading through mobile applications available for both Android and iOS. Accounts can be funded in INR or cryptocurrencies via various methods including UPI, IMPS, NEFT, RTGS, and bank transfers.
Comparison of CoinSwitch with other brokers
Traders Union provides a comparative analysis of CoinSwitch Kuber with other brokers in the cryptocurrency trading market.
- Bybit: Unlike Bybit which focuses on derivative trading, CoinSwitch Kuber provides direct cryptocurrency trading with multiple global exchanges.
- OKEx: CoinSwitch Kuber, unlike OKEx, does not offer futures trading, but provides a simpler interface and access to many exchanges.
- Binance: While Binance is a standalone exchange with its own liquidity, CoinSwitch Kuber operates as an aggregator of multiple global exchanges.
- Huobi Global: In contrast to Huobi Global’s wide array of offerings, CoinSwitch Kuber simplifies the trading process by primarily focusing on cryptocurrency exchanges.
- KuCoin: Unlike KuCoin, which offers lending and staking services, CoinSwitch Kuber is more focused on providing competitive prices for direct cryptocurrency trading.
In the world of cryptocurrency trading, it’s also worth noting Bittrex Pro. This platform, like CoinSwitch Kuber, offers a vast selection of cryptocurrencies but also includes advanced charting and trading features. Yet, CoinSwitch Kuber’s unique position as an aggregator of various global exchanges, including Bittrex Pro, simplifies trading and could offer a more advantageous trading environment for those looking for simplicity and broad market access.
Conclusion
CoinSwitch Kuber is a unique cryptocurrency trading platform that provides broad market access by aggregating various global exchanges. Despite some limitations, it maintains a promising position in the crypto world due to its user-friendly features and competitive prices. For a deeper understanding and more extensive reviews of various trading platforms, visit the Traders Union website.