Can we trust CoinSwitch?
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Can we trust CoinSwitch?
Yes, CoinSwitch is completely legal in India and so is cryptocurrency. There is no such law in India that makes buying, selling, or trading in cryptocurrencies illegal. This means that you can start investing in crypto without having to worry about its legal stance and hold on to it as an asset class.
Can CoinSwitch Kuber be trusted?
Is Coinswitch kuber safe for investors? It is reasonably safe because you do not store your funds on CoinSwitch.
Is there hidden charges in CoinSwitch?
CoinSwitch Kuber charges nothing for depositing and withdrawing money to their application, however, they do have hidden charges. Whenever you purchase a cryptocurrency on CoinSwitch, the company deducts 1-2 per cent from the cost of the purchase.
How can I withdraw money from CoinSwitch?
To curb this issue, CoinSwitch Kuber doesn’t let its users withdraw or move their funds in cryptocurrency. To withdraw their money, they have to first sell the crypto asset on the exchange and get their money deposited directly into their bank accounts in INR.
How is CoinSwitch app Quora?
Yes, Coinswitch is a very safe crypto exchange. I have been using their app for crypto investing for last six months and I have not experienced any issues. I also use WazirX, but Coinswitch has a better user onboarding process and takes less than 5 minutes. In Wazirx, the kyc verification took around 3 days.
What are the charges in CoinSwitch app?
CoinSwitch charges a fee of 0\% to 0.49\% depending on the exchange you select for your transaction. The conversion rate you see is inclusive of the fees.
How much can I withdraw from CoinSwitch?
Withdrawal limits of popular crypto exchanges in India
| Exchange | KYC Unverified Account | KYC Verified Account |
|---|---|---|
| CoinDCX | ₹10,000 | Crypto currency worth ₹500,000 |
| CoinSwitch Kuber | https://coinswitch.co/kuberverse/crypto-withdrawal-temporarily-disabled/ | ₹100-₹ 50,000 |
| ZebPay | 0.19 Bitcoin for Unwhitelisted L1 | 4.71 Bitcoin for Whitelisted L1 |
Does CoinSwitch refund money?
CoinSwitch will refund the funds to the same address from which it was received. However, if a user requests to refund the funds to another address, then he/she will have to provide their KYC details. Additionally, if the funds are stopped with known reasons, then it won’t be refunded directly to the user.
How do I use CoinSwitch?
Direct Cryptocurrency Deposits
- Visit the detailed page on CoinSwitch for the coin you want to deposit.
- Tap on the QR code icon on the top right.
- Tap your coin address for deposits to copy the code.
- Go to the Crypto wallet that you want to transfer from.
- Click on Withdraw/Transfer.
Is coinswitch a good cryptocurrency exchange?
Being an aggregator exchange, CoinSwitch provides a convenient service for its clients and claims to offer the best prices. It is indeed much easier to have all leading exchanges in one place, rather than visiting all the sites and looking for the best rates. – Good Speed.
How does coinswitch work with changelly?
When a trader uses Changelly, the platform automatically selects the exchange with the best rate and executes the trade there. CoinSwitch shows users the exchange rates from all exchanges and lets the user choose which exchange they want to use. Once a trader selects the exchange they want to use, CoinSwitch will provide a deposit address.
Does coinswitch have a wallet address?
As opposed to other centralized exchanges like Binance or Coinbase Pro, CoinSwitch does not custody user funds. They do not have a wallet address and they do not store crypto on their platform.
Why should I not use coinswitch Kuber?
Use any other exchange but not Coinswitch. Why you should not use CoinSwitch Kuber… 1. Their prices are high 2. Their withdrawal prices are high 3. Their App is glitchy 4. You cannot withdraw your crypto. THEY ARE A SCAM COMPANY. They will let you use every single feature on their app except withdrawal.