All you need to know about cryptocurrency exchange platform CoinSwitch Kuber
CoinSwitch Kuber is a safe, user-friendly website for Indian customers. They can quickly purchase more than 100 cryptocurrencies like Bitcoin, Ethereum, Ripple, etc., at the best rate with a range of payment methods. Users may use the pooled liquidity of India's top exchanges immediately after completing the KYC/AML processes to receive the best price and trade. CoinSwitch Kuber application is the most advanced cryptocurrency trading platform, with a simple user interface that provides you with a smooth user experience.
CoinSwitch Kuber has announced on 22 April that it has secured 25 million dollars from the Tiger Global Management Series B investment round, valuing the firm at approx. Five hundred million dollars, which is used to help individual investors investing in cryptocurrencies. Among the other investors are Sequoia India and Ribbit Capital.
Coinswitch Kuber Cryptocurrency in India
Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari founded CoinSwitch, a global aggregator of cryptocurrency exchanges, in 2017. In June 2020, it introduced Kuber, an Indian-focused investing crypto platform with 4.5 million members. According to CEO Singhal, the yearly turnover of the firm is around $50 million.
While Bitcoin is the most recognized cryptocurrencyand the Bitcoin price most followed, CoinSwitch permits users to invest in hundreds of different currencies and has compared it to Indian rupees, allowing investors to deposit Rs 100 into the growing but potentially hazardous asset class. WazirX, Binance, Cryptopia, KuCoin, HitBTC, HUOBI, and DEX exchanges enable customers to pick cryptocurrencies at their favorites. The functionality of CoinSwitch is similar to that of Changelly and Shapeshift. It offers an easy-to-use user interface and several crypto-monetary pairings.
It's relatively safe because, with CoinSwitch, you don't save your money. You may only purchase and convert coins on the website in real-time. It doesn't hold your money for trade and minimizes the danger of fraud because your cash isn't kept. Since the exchange is non-regulated, however, it is not entirely safe for investors.
Coinswitch Kuber Reviews
CoinSwitch seems to offer several attractive characteristics. It provides its customers with pricing information from approximately nine crypto-monetary exchanges as a crypto-monetary aggregator. Coins are converted and transferred straight to the wallets of users. Its anonymity makes it an attractive alternative for anonymous investors.
The bitcoin exchange aggregator is based in Bangalore, India, and most supplies Asian customers.
There are fewer cryptocurrencies in Asia, making them a healthy market environment than certain western countries like the United Kingdom and the USA, which are tighter for crypto-trading.
Advantages
- CoinSwitch provides a fantastic amount of trading pairings on its website, with over 400 currencies on the market.
- No registration implies that fast trading is easy—no need to register or through a KYC checking process.
- A straightforward structure makes it easy to use CoinSwitch, even for inexperienced traders of bitcoin.
- CoinSwitch enables purchases of credit cards.
- There is a potentially profitable referral scheme that makes it easy to earn a Bitcoin bonus.
Disadvantages
- In certain places,CoinSwitch is not available, especially in the United States.
- CoinSwitch is essentially an exchange between cryptographs, and money cannot be deposited by bank transfer or wire transfer.
- Sometimes costs may be higher than initially mentioned since CoinSwitch demands traders pay the exchange and network charge for each transaction. This concept is distinct from a Changelly exchange where all the costs are already included in the transaction trading charge quota.
- If CoinSwitch appears to match you well, CoinFi readers will receive a $5 Bonus in Bitcoin if they exchange their first $100 in cryptography.
How CoinSwitch Works
One trader first goes to CoinSwitch and notifies the platform of the deal he wants to do, such as Bitcoin for Ethereum, and then tells CoinSwitch how much he would like to trade, e.g., Bitcoin 0.25.
After the trader supplies this information, CoinSwitch will offer a list of exchanges to complete the deal.
Notice how different this concept is from other sites such as Changelly. If a trader utilizes Changelly, the platform picks the exchange at the best price and conducts the deal there automatically.
CoinSwitch displays exchange rates for users from all exchanges and allows them to pick the business they wish to use.
Once a trader chooses to use the exchange, CoinSwitch will offer a deposit address. The merchant must transfer its coins to that address. You must also specify another address to which you wish the swapped coins to be shared.
As stated above, the trader does not have to open an account or carry out a KYC check.
CoinSwitch Kuber, NDTV Content Across Platforms to Launch Crypto Content
NDTV collaborated with CoinSwitch Kuber to latest in Crypto-Money space comprehensive and top quality coverage. A brand new show on NDTV 24X7 and NDTV India will be a crucial component of this cross-platform expansion every alternative weekend.
The cooperation aims to enhance the credibility and confidence of NDTV paired with the subject expertise and robust trade platform of CoinSwitch Kuber. All NDTV platforms, including their vast social media communities, will have the material available.
Ashish Singhal, Co-Founder & Chief Executive Officer, CoinSwitch Kuber, spoke on the partnership, "Over the previous decade, Crypto has experienced exponential growth, and the feeling only becomes stronger. Everyday users are becoming first-time investors in cryptography, both in the metro and the furthest reaches of the nation. We must offer consumers access to information on this asset class as India's top cryptoinvestment platform. As one of India's premier media firms, NDTV will help us communicate our message to everybody – from novices to experienced investors."
NDTV Convergence, head Suparna Singh, stated, "We all look forward to this fantastic new cooperation with Coinswitch Kuber at NDTV. Cryptocurrency is a large and complicated sector to investigate, and we will report with the rigor and integrity known to NDTV. Our digital and on-air teams will work together to provide an Indian audience with the latest cryptocurrency news and trends.
Final Thoughts
CoinSwitch Kuber is a safe, user-friendly website for Indian customers. They can purchase more than 100 cryptocurrencies like Bitcoin, Ripple, etc., at the best rate. Users may use pooled liquidity of India's top exchanges immediately after completing the KYC/AML processes. CoinSwitch is essentially an exchange between cryptographs, and money cannot be deposited by bank transfer or wire transfer. Users do not have to open an account or carry out a KYC check before using CoinSwitch.
NDTV has partnered with CoinSwitch Kuber, India's top crypto investment platform. Digital and on-air teams will provide an Indian audience with the latest cryptocurrency news and trends. The platform also allows users to choose which exchanges they wish to use. "Young Indians are so invested - and we are looking forward to giving them all the information they need."
