CoinSwitch Kuber Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of CoinSwitch Kuber trading signals. You will learn what kinds of trading signals CoinSwitch Kuber offers and what the conditions for using them are.
Short introduction of 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.
| 💰 Account currency: | INR and cryptocurrencies |
| 🚀 Minimum deposit: | INR 100 |
| ⚖️ Leverage: | Not available |
| 💱 Spread: | 0-0.49% |
| 🔧 Instruments: | over 80 cryptocurrencies and INR |
| 💹 Margin Call / Stop Out: | No |
CoinSwitch Kuber Pros and Cons
👍 Advantages of trading with CoinSwitch Kuber:
•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.
👎 Disadvantages of CoinSwitch Kuber:
•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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
CoinSwitch Kuber Trading Signals
CoinSwitch Kuber doesn’t charge for deposits and withdrawals, either in INR or in cryptocurrency. However, there is a network fee when withdrawing digital coins, and their amount is displayed in the app. During the first 100 days after registration on CoinSwitch, the trader doesn’t pay any trading fees. However, after this period, the exchange starts to withhold a commission from 0% to 0.49% for selling and buying cryptocurrencies. The exact amount depends on the exchange selected for the transaction and the asset being traded.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.25% | No |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that CoinSwitch Kuber does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Can I test signals on a demo account?
If you mean copy trading, it depends on the broker. If the signals are provided as a newsletter or notification, you can decide where and how to test them yourself.
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
Do I need to test trading signals before subscribing to them?
Most definitely yes. Make sure that the signals do work and are effective.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.