CoinSwitch Kuber Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- ₹100
- Mobile application
- CoinSwitch Kuber is an aggregator of cryptocurrency exchanges
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- ₹100
- Mobile application
- CoinSwitch Kuber is an aggregator of cryptocurrency exchanges
Our Evaluation of CoinSwitch Kuber
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
CoinSwitch Kuber is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.09 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by CoinSwitch Kuber clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
CoinSwitch Kuber is an intermediary that allows you to trade on the liquidity of other international exchanges, but only with your funds. The only way to earn here is to trade cryptocurrencies on your own in a mobile app.
Brief Look at CoinSwitch Kuber
CoinSwitch Kuber is a cryptocurrency exchange based in Bangalore, India. It was founded in 2017 and now has over 7.5 million users. CoinSwitch Kuber acts as an intermediary between traders and international exchanges such as Coinbase, Tiger Global, Ribbit Capital, etc. Thanks to this cooperation scheme its clients can trade over 100 cryptocurrencies at the best prices (BTC, LTC, ETH, XRP, EOS and others), including placing orders with instant execution. In April 2021, the company raised $25 million in Series B funding, and this is a sign of the product's future growth and development.
- 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;
- informative blog on the website featuring various cryptocurrency reviews and financial markets news.
- leverage is not available;
- the exchange doesn’t offer investment solutions, which means you will have to trade using your own capital;
- only INR is available as a fiat;
- Card deposits/withdrawals are not available.
TU Expert Advice
Financial expert and analyst at Traders Union
The CoinSwitch Kuber cryptocurrency exchange has been operating since 2017. It differs from its competitors by its unique approach: the platform doesn’t generate its liquidity. It acts as an intermediary and connects traders to different exchanges so that they can trade at the best exchange rates and place orders with instant execution. CoinSwitch Kuber’s partners include Coinbase, Tiger Global, Ribbit Capital, and other exchanges.
In addition to market and instant orders, CoinSwitch users can work with limited orders with terms of 24 hours, 7, or 90 days. The exchange doesn’t have a web platform, trading is performed exclusively through mobile applications. The exchange is designed for traders with any trading experience, even novice traders. Login security is provided by a four-digit PIN code. CoinSwitch Kuber has Telegram, Facebook, Twitter, Instagram, and LinkedIn accounts. The company's profile is featured on Bloomberg.
At the time of this review, the exchange was not accepting card deposits and was not allowing DOGE (Ð), ZIL, THETA, or NEO deposits. We analyzed announcements on the site and noted that periodically CoinSwitch Kuber disables cryptocurrency withdrawals and fiat deposits. But at the same time, new instruments are being added. For example, Shiba Inu (SHIB) tokens became available on the exchange at the end of 2021.
CoinSwitch Kuber Summary
| 💻 Trading platform: | Mobile applications (Android, iOS) |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | INR and cryptocurrencies |
| 💵 Replenishment / Withdrawal: | UPI, IMPS, NEFT, RTGS, bank transfers |
| 🚀 Minimum deposit: | INR 100 |
| ⚖️ Leverage: | Not available |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | 0-0.49% |
| 🔧 Instruments: | over 80 cryptocurrencies and INR |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | Coinbase, Tiger Global, Ribbit Capital, etc. |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market Sell, Instant Buy, Instant Sell, Limit Buy, Limit Sell orders |
| ⭐ Trading features: | CoinSwitch Kuber is an aggregator of cryptocurrency exchanges |
| 🎁 Contests and bonuses: | Gift cards, bonus coupons, rebates from the Traders Union |
The CoinSwitch Kuber app gives traders access to the liquidity of international exchange partners. Over 80 cryptocurrencies are available for trading, but the only fiat is the Indian rupee.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 0.25% | No |
CoinSwitch Kuber's analysis of commissions would be incomplete without comparing them to the fees of other popular cryptocurrency exchanges like Bitfinex and Bybit.
| Broker | Average commission | Level |
|---|---|---|
|
$0.25 | |
|
$20 | |
|
$0.1 |
Investment Options
CoinSwitch Kuber is for exchanging and active trading of cryptocurrencies. It doesn’t offer investment solutions, such as staking or charging interest for storing assets on an internal CoinSwitch wallet. Exchange clients can get passive income only in the form of referral fees for referring other traders.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
CoinSwitch Kuber’s affiliate program:
A client gets the equivalent of 50 INR in BTC for each new user who has downloaded an application using a referral link and passed the KYC verification procedure.
The referral gets the same reward.
User Satisfaction