CoinSwitch Kuber app is one of the successful apps which offers a simple and easy experience to its Indian users of the Crypto market. It is a user-friendly platform that gives an incredible experience for beginners in the Crypto market. This platform is most efficient and easily accessible for Crypto trading. In this article, we will guide you about CoinSwitch Kuber App so that you can invest in cryptocurrency and understand crypto trading in India. So read the full article to get a detailed review of the CoinSwitch Kuber app.
About CoinSwitch Kuber
CoinSwitchKuber is an Indian cryptocurrency exchange platform that was founded by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari in 2017. It launched its Indian-specific version which is now known as CoinSwitchKuber in 2020 and as of June 2021, it has more than 5 million users. It is one of the most secure and user-friendly platforms which offers more than a hundred plus cryptocurrencies that are available for its users. Unlike other traditional exchanges, it does not generate its liquidity but this platform connects to multiple exchanges to know the best exchange rate for users. It has also announced its medium blog to launch CoinSwitch Pro but it doesn’t seem to be available now. The trading exchange of this app completely focuses on mobile users and its purpose is to make trading a remote process. The platform only offers the CoinSwitchkuber app to its traders and there is no desktop version of this platform.
Features of CoinSwitch Kuber
CoinSwitchkuber offers so many features to its users. The following are some of the features which are worth mentioning here:
- Instant cryptocurrency trading
This app enables customers to instantly buy, sell, and trade in more than 100 cryptocurrencies.
- Minimal Initial deposit
The initial deposit amount on the platform is just Rs 100 so that beginners can understand the cryptocurrency market without taking risk of funds.
- No brokerage
This app offers zero brokerage policy and thus it helps users to buy and sell their desired crypto without hidden charges.
- Best rates
It ensures that every customer gets the best rates and it connects them to multiple platforms.
- No lock-in restrictions
Unlike other Crypto exchanges, it allows traders to withdraw their earnings instantly and it has no lock-in period feature which makes the exchange a popular choice among Indian traders.
- Multi Payment compatibility
This app is designed for a specific region and it supports multiple payment methods so that users can choose from options like UPI, IMPS, bank transfer, and NEFT to invest funds.
- Quality customer service
It provides a live chat option to solve customers’ queries instantly and its simplistic support ticket system will resolve customer concerns in no time.
- Simple KYC and AML
Its KYC and AML verification are simple and quick and thus it helps customers experience premium trading features in no time and this verification process also exchanges secure.
Related: The Best Apps To Buy Bitcoin
How to use: Way to use CoinSwitch kuber app
To start trading on this app you have to first register yourself and complete your KYC then deposit either money or cryptocurrency to the app and then you can proceed towards trading. So here we have mentioned the detailed steps of this process:
- Register at CoinSwitchkuber
The app is available for both Android and iOS users so you have to first register yourself by downloading the CoinSwitch application. Additionally, it only asks for your phone number to register on their application. After entering your phone number, you will get an OTP to verify it and then you have to set a pin for your application.
- Complete your KYC
After registration, to deposit any amount or to buy or sell Crypto assets, you have to complete their KYC process. Additionally, this KYC process is relatively straightforward so you just have to put in the correct documents as it only takes 10 to 15 minutes for completion and verification. For this process, you will need documents like PAN Card, Aadhar Card, Voter ID. This process is divided into primary verification, then PAN card verification, and then identity card verification. To do the verification process, firstly open the app and go to settings then click on user verification and select the basic verification.
The following are the Steps for the KYC process:
- Basic Verification
For basic verification, you have to fill in the basic details about yourself like your name, date of birth, and your email id and then you will receive an OTP on your email id. Copy and paste that OTP and this is done.
- Pan Card Verification
After that click on PAN card verification. To start your next level, allow the app to access your camera so that it can click the photo of your pan card then click on submit after four to five minutes you will get it verified.
- Identity Card Verification
To complete identity card verification, you have to submit either your aadhar card or passport image, or voter ID card. The following are the steps to do so:
- First, select the card for which you have documents
- Click the image of that document and submit it
- Then wait for a few minutes and it will get verified.
How to deposit money on the CoinSwitch kuber app?
The following are the steps mentioned below to deposit money on the CoinSwitchKuber app:
- Firstly install the mobile app
- Then browse the deposit INR option and click on it
- Enter the desired amount but remember that the minimum deposit limit is hundred rupees
- Click on the deposit option
- Then choose a payment method as it gives you various options between UPI, direct bank transfer via RTGS, NEFT, or IMPS.
- Choose the preferred UPI app and complete your transaction process
- In case you want to direct a Bank deposit, fund the account before completing the transaction.
- After depositing, you can start buying cryptocurrencies.
How to buy cryptocurrencies on CoinSwitch kuber?
The following are the steps to buy cryptos on the CoinSwitchKuber app:
- Open your mobile app and go to the bottom menu
- Click on the Market option
- Check the list of cryptos and choose the desired one
- Click on the buy option on the left side
- You have to fill in the amount to buy the Cryptos
- Then click on preview buy
- Verify your transaction details and click on the buy
- When the transaction is done, it will transfer the digital assets to your portfolio.
Pros and Cons of CoinSwitch kuber
The following are some of the cons or advantages of the CoinSwitch app which makes it a great app:
- It has a user-friendly interface which is ideal for beginners.
- It supports instant INR deposit and withdrawal.
- It has a short KYC completion process.
- It does not impose any transaction limit and there are particular requirements.
- It supports IMPS, Bank deposits, and UPI.
- Its customer service is errorless.
- The mobile app of CoinSwitch is rated 3.5 out of 5 on the Play Store.
- With the help of this app, users can earn 50 rupees worth of Bitcoin by suggesting this to a new customer.
- It has a low trading fee of 0 to 0.5%.
- It holds several security standards.
The following are some of the Kaunsa disadvantages of the app which you should know:
- KYC is mandatory in this app to get started.
- This app only supports one Fiat currency that is INR.
- It is only limited to Indian residents.
- This app does not support credit and debit cards.
- This app does not pack the tools to provide quality day trading.
FAQs
1. Is CoinSwitchKuber trustworthy?
Ans. Yes, it is a trustworthy cryptocurrency exchange that has been present since 2017 for Indian traders. It has a mandatory ‘know your customer’ verification to ensure your optimum security.
2. Who owns CoinSwitchkuber?
Ans. This Crypto exchange platform was developed and operated by the CoinSwitch team and its Parent company started in 2017 while its Indian exclusive app was introduced in June 2020.
3. Is CoinSwitch safe in India or not?
Ans. Yes, this exchange platform complies with the ISO 27001 requirements and also possesses the SOC2 Type II certification and besides its nonregulatory nature, it has not faced any major security breach.
Conclusion
CoinSwitchKuber is an Indian-based Crypto exchange app that offers hundred plus cryptocurrencies and possesses 4 years of market experience. It is considered the most popular Indian Exchange and excels on the fees front as it does not charge you any deposit or withdrawal fee. Moreover, there are also no charges for buying or selling cryptocurrencies and this app has trading functionality that connects multiple exchanges so that you can find the best trade rate for you. In this app, the KYC verification is very quick and it supports multiple payment methods, and offers you earning opportunities with its rewards and referral system. So we hope that CoinSwitch Kuber App Review will help you to decide whether the CoinSwitchKuber app is a worthy exchange platform or not.
