CoinSwitch Review: Is It Safe? Fees, App & Ranking

CoinSwitch

3.79

5-10 years

Not Regulated

Exchange

Questionable Regulatory License

No Regulatory License

Be aware of the risks!

Basic Information

Country/Region

India

Exchange AbbreviationCoinSwitch

Company NameBitkuber Investments Private Limited

Operating Period5-10 years

Websitehttps://coinswitch.co/

Trade TypeSpot Trade

0.00/10

Score

Regulation

Risk Control

Business

Reputation

Tech

RiskNotice

2 risk alerts

High Risk 1

Medium Risk 1

User Feedback

FX1140398987

2024-01-21

Since I started trading with COINSWITCH, I have found that the liquidity of this platform is quite good. On the other hand, I have noticed that the trading fees are relatively high. Overall, you get what you pay for.

Heroic lim

2023-12-26

COINSWITCH is highly secure and offers a wide variety of cryptocurrencies. However, there are some shortcomings in transaction fees, and we look forward to improvements!

Exchange Overview

CoinSwitch is a cryptocurrency exchange aggregator platform built to help users trade cryptocurrencies with ease and at the best rates. Our user interface simplifies the cryptocurrency trading and allows users to trade over 400+ cryptocurrencies, along with an ability to buy cryptocurrency with a credit card at the best price.

Business Region

InfluenceA

News

CoinSwitch takes legal action against WazirX

CoinSwitch sues WazirX over $9.7M in stuck assets after a $230M cyberattack.WazirX seeks a 30-day moratorium to restructure and address frozen withdrawals.WazirX has allowed partial INR withdrawals, but crypto withdrawals remain paused.　　CoinSwitch, a leading cryptocurrency exchange in India, has initiated legal proceedings against its competitor, WazirX, following a cyberattack in July that resulted in the theft of approximately $230 million worth of assets.　　The legal action comes as WazirX seeks a 30-day moratorium from Singapores High Court to restructure its operations and address user withdrawals, which remain largely frozen.　　CoinSwitch fitting for $9.7M stuck in WazirXs platform　　The cyberattack on WazirX, which took place on July 14, has sent shockwaves through the cryptocurrency community, particularly in India. The attack led to the theft of $230 million worth of cryptocurrency assets, primarily Ethereum-based ERC-20 tokens stored in WazirXs hot wallets.　　In the immediate aftermath, WazirX suspended all withdrawals, leaving users unable to access their funds and sparking widespread concern and frustration.　　WazirX, which claims to be Indias largest cryptocurrency exchange, has since allowed partial INR withdrawals, but crypto withdrawals remain paused indefinitely.　　CoinSwitch has stepped in to retrieve its assets, worth approximately $9.7 million, that are stuck on the WazirX platform. The funds include Rs 12.4 crore

2024-08-29Token

CoinSwitch Becomes First Indian Crypto Exchange to Surpasses 20 Million Registered Users

CoinSwitch has become the first Indian crypto exchange to surpass 20 million registered users.　　The accomplishment comes amidst a notable resurgence in user activity in India, which can be attributed to several factors.　　The approval of Bitcoin (BTC) exchange-traded funds (ETFs) in the United States, the potential approval of Ethereum ETFs, and the upcoming Bitcoin Halving event have all contributed to the bullish sentiment in the market.　　CoinSwitch Sees 5x Growth in User Registration　　CoinSwitch has witnessed a remarkable growth in user registrations, with numbers increasing fivefold since the beginning of 2024, surpassing the daily average user growth recorded in 2023, according to a report from Businessline.　　Over the past two weeks, trading volumes on CoinSwitchs platforms have skyrocketed, increasing sevenfold.　　Furthermore, the number of users in profit has seen a remarkable surge of over 80 percent.　　“Bull markets are a magnet for new users, and crypto is now on a bullish path,” Ashish Singhal, co-founder of CoinSwitch, told the outlet.　　“To be the most beginner-friendly crypto trading app has been the priority at CoinSwitch since day one. The 2-crore milestone — a majority of whom are first-time crypto investors — is a validation of these efforts, as well as a reminder to keep building and iterating for

2024-03-06Exchange

Blockchain startups grow as global VC funding generated $25.2B in 2021

Rachel Wolfson Feb 04, 2022 Blockchain startups grow as global VC funding generated $25.2B in 2021　　A 713% increase in venture capital funding went to global blockchain startups last year, but will this trend continue？　　2498 Total views 25 Total shares Listen to article 0:00　　Analysis　　Last year was impressive for blockchain startups, as research from CB Insights found that venture capital funding reached new heights during every quarter of 2021. According to CB Insights “State Of Blockchain 2021” report, $25.2 billion worth of venture capital funding went to global blockchain startups last year, demonstrating a 713% increase from $3.1 billion in 2020.　　The report also found that the United States led the greatest amount of funding deals in Q4 of last year, generating $6.26 billion for 157 deals. The document notes that global growth was driven by increasing consumer and institutional demand for crypto-related products and services.　　VC funding focused on crypto adoption　　Chris Bendtsen, a senior analyst at CB Insights, told Cointelegraph that CB Insights report contains data aggregated from private marketing funding from over 3,000 blockchain and crypto companies that the firm regularly tracks. Bendtsen further explained that while the title of the report references blockchain, this serves as an overarching category that includes

2022-02-04Defi

User Feedback 2

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FX1140398987

2024-01-21Others

Heroic lim

2023-12-26Others

COINSWITCH is highly secure and offers a wide variety of cryptocurrencies. However, there are some shortcomings in transaction fees, and we look forward to improvements!