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Fiat currencies

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Cryptocurrencies

Details

Product Name CoinSwitch Cryptocurrency Exchange
Fiat Currencies USD, JPY, RUB, EUR
Cryptocurrencies BTC, BCH, MIOTA, XVG, NEO, ADA, XRP, TRX, ONT, ZIL & 365+ more
Deposit Methods Bank transfer (ACH)
Trading Fee 0 - 0.5%
Deposit Fees None
Withdrawal Fees None
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

What is CoinSwitch?

CoinSwitch is an all-in-one platform where you can trade cryptocurrencies across a wide range of exchanges. With access to more than 300 cryptocurrencies, here’s what you need to do to place a trade:

  1. Use CoinSwitch to compare exchange rates across cryptocurrency exchanges and find the best rate.
  2. Choose your desired currency pair and enter the amount you want to exchange.
  3. Track your order using your CoinSwitch Order ID.

Which cryptocurrencies can I buy/sell?

CoinSwitch allows you to buy and sell more than 300 cryptocurrencies, including the following:

To see the list of 300+ cryptocurrencies listed on CoinSwitch, check out our FAQ section.

Available countries

CoinSwitch is a global cryptocurrency exchange platform that offers its services to users around the world. To find out whether you’re eligible to access the platform from your country of residence, contact CoinSwitch support directly.

Which payment methods are accepted?

You can exchange funds on CoinSwitch using any cryptocurrency coin or token supported by the platform. However, deposits of fiat currency are not accepted.

How much will it cost me to use CoinSwitch?

The fees charged on CoinSwitch vary depending on the exchange you use to place your transaction. These charges are outlined in the table below, but please keep in mind that they don’t include any additional amount charged by the exchange itself.

ExchangeFee
Changelly0%
ShapeShift0%
Changer0%
Evercoin0%
BlockTrades0%
Bittrex0.49% – 0.98%
Others0.49% – 0.98%

How fast will my funds be available?

CoinSwitch transactions take between 15 and 30 minutes to be processed. Large transactions of around 1 BTC worth or more may take longer depending on the size of your transaction and the capacity of the blockchain.

Are there any transfer limits?

CoinSwitch doesn’t impose any minimum or maximum transaction limits. However, if the amount you wish to exchange is too low and isn’t accepted, you’ll need to adjust the amount to make sure it will cover all the network fees a blockchain takes.

It’s also worth pointing out that the exchange you use to place your trade may impose a maximum limit on transaction amounts.

Is it safe to use CoinSwitch?

Before you can place a trade with CoinSwitch, you’ll need to provide the following:

  • Your email address
  • Your name
  • Your date of birth
  • Your country of residence
  • Your phone number

You’ll also need to verify your email address and phone number.

However, there’s limited information available on the CoinSwitch website about the security features it offers to customers, so do your own research before deciding whether the platform is safe to use.

Customer support

If you have a problem with your account or a question about CoinSwitch, you can get in touch with the support team by emailing support@coinswitch.co. Email requests typically receive a response within 12 hours.

You can also access a list of frequently asked questions and an online exchange tutorial, or you can seek further assistance through the live chat feature.

Pros and cons

Pros

  • Intuitive interface makes the platform easy to use
  • Access more than 300 cryptocurrencies across over 45,000 currency pairs
  • No transaction limits (except those imposed by individual exchanges)
  • Ability to compare and find the best exchange rate
  • Quick and convenient to use

Cons

  • Trading fees vary between exchanges, so make sure you check the fee that applies to your transaction
  • Fiat deposits not accepted

Next steps

If you’d like to register for an account with CoinSwitch, click on the “Go to site” link on this page. You’ll be securely redirected to the CoinSwitch website where you can register for an account by entering your email address and creating a password. You’ll then need to enter your name, date of birth and country of residence as well as verify your phone number before you can start trading.

FAQs

At the time of writing, the author holds IOTA and XLM.

Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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