CoinSwitch Kuber, a Bangalore-based cryptocurrency exchange, boasts over 7.5 million users since its 2017 launch. Acting as a bridge between traders and international exchanges like Coinbase and Tiger Global, it offers competitive rates on over 100 cryptocurrencies.
Traders Union’s full-on 2023 CoinSwitch Kuber review suggests that instant order execution is a standout feature. After raising $25 million in Series B funding in April 2021, the company shows promising future growth and development.
CoinSwitch Kuber: Pros and cons
Traders Union offers an unbiased examination of CoinSwitch Kuber, exploring both its strengths and potential areas for improvement.
Pros:
- Low minimum deposit of around $2, making it accessible to all traders.
- Handy mobile application that connects to the liquidity of major global exchanges.
- A broad selection of trading instruments.
- Limited-time offer to trade cryptocurrencies without exchange transaction fees.
- No deposit and withdrawal fees for both fiat money and cryptocurrencies.
- Straightforward process for earning referral fees.
- Resourceful blogs that provide cryptocurrency reviews and updates on financial markets.
Cons:
- Lack of leverage trading option.
- No investment solutions are offered, and trading is solely dependent on personal capital.
- Limited to INR for fiat currency transactions.
- Absence of card-based deposit or withdrawal mechanisms.
Expert review of CoinSwitch Kuber
TU experts have carefully reviewed the CoinSwitch Kuber cryptocurrency exchange, which has been in operation since 2017. Here are the key insights:
- The exchange stands out by acting as an intermediary, connecting traders to multiple exchanges, including partners such as Coinbase and Tiger Global, to ensure the best exchange rates and instant order execution.
- Users can place market, instant, and limited orders with durations of 24 hours, 7 days, or 90 days.
- Trading is exclusively facilitated via mobile applications as there is no web platform.
- It caters to all levels of trading expertise, from beginners to seasoned traders.
- Security is maintained through a four-digit login PIN.
- The company has a strong online presence across multiple platforms including Telegram, Facebook, Twitter, Instagram, and LinkedIn, and is profiled on Bloomberg.
- As of the time of review, it does not accept card deposits or deposits of DOGE, ZIL, THETA, and NEO.
- Temporary suspensions of cryptocurrency withdrawals and fiat deposits have been noted, although new trading instruments, like Shiba Inu tokens, are being added regularly.
CoinSwitch Kuber’s affiliate program
TU analysts have examined the CoinSwitch Kuber’s affiliate program and present the following highlights:
- The program allows users to earn referral rewards by inviting friends to trade on the platform.
- Affiliates earn a percentage of the trading fees generated by the referred users.
- Payouts are typically made in Bitcoin and can be withdrawn at any time.
- There’s no limit to the number of referrals an affiliate can have, allowing for potentially unlimited earnings.
CoinSwitch Kuber compared with other companies
Traders Union presents a comparison of CoinSwitch Kuber with other platforms, highlighting its unique attributes and offerings.
- Bybit: Known for derivatives trading, Bybit offers leverage, unlike CoinSwitch Kuber which excels in direct exchange transactions.
- OKEx: OKEx provides a wider range of services, including futures and spot trading, whereas CoinSwitch Kuber focuses on a cryptocurrency exchange.
- Binance: As a global leader, Binance offers a more extensive coin selection and features like staking, compared to CoinSwitch Kuber’s simplified approach.
- Huobi Global: Huobi boasts a comprehensive suite of trading tools and more global accessibility, while CoinSwitch Kuber caters to a primarily Indian market.
- KuCoin: KuCoin, with its own native token and lending services, contrasts CoinSwitch Kuber’s model which operates as an intermediary between exchanges.
Comparatively, the cex.io broker offers a different set of features that set it apart from CoinSwitch Kuber. As a long-standing platform, CEX.IO offers a comprehensive mix of services, including margin trading and staking, serving a global clientele with robust security protocols and a wider array of supported cryptocurrencies.
Conclusion
In conclusion, CoinSwitch Kuber presents a unique proposition in the cryptocurrency exchange space with its intermediary model and focus on simplicity. It caters well to its target market with competitive offerings. For further insights and detailed broker comparisons, please visit the Traders Union website for your trading needs and queries.
Adedapo Adesanya 
Modupe Gbadeyanka