CoinDCX Vs Coinswitch Kuber are both India-based programs that aim to provide a secure crypto exchange interface in the nation. While CoinSwitch Kuber features a simple UI ideal for beginners, CoinDCX delivers one of the greatest experiences for experienced investors. In this article CoinDCX Vs Coinswitch, we are going to break down their differences and help you make your choice. Let us get started!
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CoinDCX Vs CoinSwitch Kuber
CoinDCX: India’s First Crypto Unicorn
CoinDCX, which was founded in 2018, is one of India’s most successful cryptocurrency companies. More than 3.5 million people have signed up for it. CoinDCX plans to launch its CoinDCX Prime project, its latest product in the HNI and corporate arena, in the coming months.
CoinDCX, the first Indian cryptocurrency exchange to attain unicorn status, secured $90 million in a Series C fundraising round at a value of $1.1 billion, becoming the first Indian cryptocurrency exchange to achieve unicorn status despite regulatory uncertainties surrounding crypto assets.
The investment was managed by B Capital Group, created by Eduardo Saverin, a co-founder of Facebook. CoinDCX CEO Sumit Gupta stated that the exchange intends to engage with fintech businesses to broaden the crypto investor base and establish a research center for development. It also intends to create CoinDCX’s worldwide trading platform, Cosmex.
CoinDCX offers a very fast and simple approach to crypto in India. It adds convenience and promotes investments in under 10 minutes. Moreover, it captures the Indian audience with safe and secure encryption, offering world-class security features for safe deposit credentials, personal data, and investments.
The platform also promotes easy deposits and facilitates a number of platforms, including online net banking. Withdrawal is a breeze as well since it’s quick and easy to have your earnings deposited to your bank account directly. It is a well-trusted platform since all investments are returned well, and the customer service ensures no issues in the process.
Get Cashback using CoinDCX Referral Code.
Headquartered in India, CoinSwitch supports Indian Fiat currencies. Founded in 2017, the minimum deposit for this platform is 100 INR. There are no deposit fees, and it only charges 0% to 0.5% transaction charge. There’s no withdrawal fee either, and the application is also a neat and well-monitored platform.
The customer service in Coinswitch is a highlight since you can access their support via mail, FAQs, or submitting a form report.
Each and every fund deposited in cryptocurrencies via the CoinDCX platform is secure. CoinSwitch Kuber, for example, stands out amid the crowd. The Indian crypto exchange has expanded to over 7.5 million members since its establishment in 2017. CoinSwitch allows users to access over 100 cryptos in a secure and user-friendly manner. Although India has yet to see a crypto-boom, it does have a substantial crypto-consumer base.
One of the objectives of the platform’s launch is to increase bitcoin awareness among the general public. The exchange’s straightforward registration procedure and support for payment methods such as UPI and fiat money compatibility are two major factors.
Furthermore, the software takes a novel approach to assist users in locating the finest trading chances. CoinSwitch Kuber, unlike other platforms, links customers to numerous exchanges in order to deliver the best deal.
The site supports over 100 cryptocurrencies, including Bitcoin, Matic, Ethereum, Dogecoin, and others. Different crypto exchanges and wallet services are linked to the exchange.
Get Cashback using CoinSwitch Referral Code.
Both applications provide a number of features that Indian investors may find appealing. CoinSwitch Kuber, on the other hand, is considered to be easier to use and navigate.
CoinDCX charges a 0.1 percent takers fee and 0.1 percent makers fee. The withdrawal costs are substantially lower, at 0.2% of the entire withdrawal or a fixed fee of Rs 10, whichever is larger. Furthermore, the CoinDCX app has several features not seen in most Indian applications, like DCXmargin, DCXfutures, and DCXstake. CoinDCX’s key selling point is that, according to their app, they have more than 200 cryptos listed on the exchange.
CoinSwitch Kuber does not charge any fees for transferring money from their app; however, they impose hidden fees. When you buy a cryptocurrency, the firm deducts 1-2 percent off the total cost of the transaction. Furthermore, CoinSwitch’s cryptocurrencies have various purchasing and selling prices, which is an unusual approach.
Design And Interface
It’s worth noting that CoinSwitch has a very clean UI and UX, although CoinDCX has a somewhat superior one. CoinSwitch is a good choice for beginners who aren’t familiar with cryptocurrency. The program is simple to use. Writing this post, CoinSwitch Kuber and CoinDCX have 3.0 and 4.2-star ratings on Google Play Store, respectively. CoinDCX customers, on the other hand, have already been complaining about their cash not being deposited or trading issues during high trading hours.
There are many aspects to consider while picking between the two crypto pioneers in India. CoinDCX has hit the best charts and has achieved unicorn status, while CoinSwitch Kuber has established itself as a trusted brand among many Indian cryptocurrency enthusiasts.
In India, Bitcoin has gained more popularity over ethereum, and trading platforms are quite in demand. Blockchain currencies are becoming lucrative business models and investments for several people, be they amateurs or professionals.
Frequently Asked Questions
How Safe Is CoinDCX?
CoinDCX is one of the safest and most trusted cryptocurrency exchanges and trading platforms in India. They prioritize the safety and Security of crypto wallets and make sure that no security breaches occur or no information is stolen.
How Much Does CoinDCX Charge For Transactions?
CoinDCX charges a minimal fee of 0.1% per transaction and a withdrawal fee of 0.2%, which is added to a flat 10 INR for every transaction.
Can I Withdraw Money From Coinswitch Kuber?
Yes, all profits from your crypto exchange and trading can easily be transacted and deposited into your bank account. The Coinswitch platform directly converts your profits to INR and sends them directly to your bank account.