CoinSwitch has emerged as a leading cryptocurrency exchange in India, offering access to 250+ digital assets and robust trading features tailored for both beginners and experienced traders. With a minimum trade size of just ₹100, the platform ensures inclusivity while supporting Spot and Futures trading, including leveraged contracts up to 1:25. Fees are volume-based, ranging from 0.04% to 0.40% for Spot trades, making it competitive for high-volume users.
The exchange supports INR deposits and withdrawals via partnerships with MobiKwik and IDBI Bank, enhancing local accessibility. Backed by global investors like a16z, Tiger Global, and Sequoia Capital India, CoinSwitch has grown to serve over 20 million users—earning its title as India’s largest crypto app.
About CoinSwitch: A Brief Overview
Founded in 2017 in Bangalore, Karnataka, CoinSwitch was built on the vision of democratizing financial access through cryptocurrency. The company, co-founded by Ashish Singhal, Vimal Sagar Tiwari, and Govind Soni, started as a simple price comparison tool before evolving into a full-fledged trading platform under the name CoinSwitch Kuber.
Today, it operates as a product of PeepalCo, with more than 500 employees and a valuation of $1.9 billion (as of October 2021). It holds key credentials such as registration with India’s Financial Intelligence Unit (FIU) and ISO/IEC 27001:2022 certification, reinforcing its commitment to security and regulatory compliance.
👉 Discover how top crypto platforms ensure secure trading environments in 2025.
Key Features and Trading Specifications
CoinSwitch offers a comprehensive suite of services designed for Indian investors:
- Spot Trading: Trade 250+ cryptocurrencies with INR pairs.
- Futures Trading: Access 430+ leveraged contracts with up to 1:25 leverage.
Trading Fees:
- Spot: 0.40% (Maker/Taker) default
- Futures: 0.02% (Maker), 0.05% (Taker)
- Minimum Deposit: ₹100
- Supported Deposit Methods: INR via MobiKwik/IDBI Bank; over 100 cryptos
- Withdrawal Options: INR withdrawals supported; crypto withdrawals currently unavailable
- Security Measures: FIU-registered, ISO-certified, SOC 2 Type II custody, cold storage, and two-factor authentication (2FA)
- Native Token: None
- Customer Support: Email, ticketing system, and Help Center (no live chat or phone support)
User Levels and Fee Discounts
To reward active traders, CoinSwitch implements a 9-tier user level system based on 30-day trading volume. Higher volumes unlock lower fees:
| 30D Trading Volume (INR) | Maker Fee | Taker Fee |
|---|---|---|
| 0 – 500K | 0.40% | 0.40% |
| 500K – 2M | 0.26% | 0.26% |
| 2M – 5M | 0.24% | 0.24% |
| 5M – 50M | 0.20% | 0.20% |
| 50M – 200M | 0.14% | 0.14% |
| 200M – 500M | 0.12% | 0.12% |
| 500M – 1B | 0.08% | 0.08% |
| 1B – 3B | 0.06% | 0.06% |
| 3B – 50B | 0.04% | 0.04% |
Fees are refreshed daily, encouraging consistent trading activity.
Available Cryptocurrencies and Trading Pairs
CoinSwitch supports over 250 cryptocurrencies, focusing on assets popular among Indian investors:
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Ripple (XRP)
- Litecoin (LTC)
- Dogecoin (DOGE)
- Shiba Inu (SHIB)
While the selection is solid, it remains smaller than global exchanges like Binance or Bitget. All Spot trades use INR pairs, while Futures are available in USDT pairs, allowing exposure to stablecoin-denominated markets.
Futures Trading on CoinSwitch Pro
For advanced traders, CoinSwitch Pro delivers enhanced tools and deeper market access:
- Up to 1:25 leverage
- Support for Market, Limit, and Stop-Limit orders
- Real-time data from top Indian exchanges
- Integration with TradingView charts
- Arbitrage opportunities across exchanges
With over 430 leveraged contracts, the platform enables strategic positioning in volatile markets—ideal for traders seeking amplified returns.
👉 Explore how leveraged trading can boost your investment strategy in 2025.
Account Registration and KYC Process
Opening an account is straightforward but restricted to Indian residents:
- Visit the official website and click “Login/Sign Up”
- Enter an Indian mobile number and verify via SMS OTP
Complete KYC by uploading:
- PAN Card (identity proof)
- Aadhaar Card, Voter ID, or Passport (address proof)
Only after verification can users deposit funds and begin trading.
Mobile App Experience
CoinSwitch offers dedicated apps for both platforms:
The mobile interface is intuitive, supporting quick buys, portfolio tracking, and SIP investments. Desktop users can access CoinSwitch Pro for advanced charting and order execution.
Security and Fund Protection
Security is a top priority at CoinSwitch:
- Registered with India’s Financial Intelligence Unit (FIU)
- Complies with ISO/IEC 27001:2022 standards
- Uses SOC 2 Type II certified custodians
- Stores the majority of user funds in cold wallets
- Implements two-factor authentication (2FA)
Additionally, the platform maintains 100% Proof of Reserves, ensuring transparency in fund backing.
Customer Support and User Feedback
Despite its scale, CoinSwitch faces criticism for limited support options:
- No live chat or phone support
Assistance available via:
- Email: [email protected]
- Ticketing system
- Help Center (FAQs)
User reviews reflect mixed sentiment—while Trustpilot shows a low average rating (1.5 stars), over 71% of recent reviews are positive (4–5 stars). Common complaints include withdrawal delays and slow response times.
Unique Offerings: SIPs and Growth Plans
CoinSwitch differentiates itself with investor-friendly tools:
Systematic Investment Plan (SIP)
Users can automate monthly crypto purchases to average costs over time—ideal for long-term holders.
SmartInvest Growth Plans
Though not traditional staking or yield farming, these plans offer:
- Minimum investment: ₹5,000
- Potential returns up to 80%
- Profit-sharing model (15–22%)
Note: The platform does not offer staking, liquidity pools, or copy trading.
Geographic Availability
While not officially listed, CoinSwitch primarily serves Indian users due to:
- Requirement of an Indian phone number
- INR-only fiat gateway
- Likely restrictions on countries like Iran, North Korea, and Yemen
International expansion remains limited as of mid-2025.
How CoinSwitch Compares to Global Exchanges
| Feature | CoinSwitch | Binance | HTX | Bitget |
|---|---|---|---|---|
| Assets Available | 250+ | 400+ | 700+ | 10,000+ |
| Max Leverage | 1:25 | 1:125 | 1:200 | 1:125 |
| Spot Trading Fees | 0.04%–0.4% | 0.02%–0.1% | From 0.02% | 0.10% |
| Fiat Support | Yes (INR) | Yes | No | Yes |
| Staking Available | No | Yes | Yes | Yes |
| Copy Trading | No | Yes | Yes | Yes |
| Native Token | None | BNB | HT | BIG token |
While CoinSwitch lags behind in asset variety and advanced DeFi features, it excels in local integration and regulatory alignment within India.
👉 Compare global crypto exchanges and find the best fit for your strategy today.
Frequently Asked Questions (FAQs)
What is the minimum amount required to buy crypto on CoinSwitch?
You can start investing with as little as ₹100, making it accessible even for small-scale investors.
Can I withdraw cryptocurrencies from CoinSwitch?
No, crypto withdrawals are not currently supported. You can deposit over 100 cryptocurrencies but must convert them to INR for withdrawal.
Does CoinSwitch offer futures trading? What leverage is available?
Yes, CoinSwitch supports Futures trading with up to 1:25 leverage and over 430 leveraged contracts, primarily in USDT pairs.
How are trading fees calculated?
Spot fees follow a tiered model based on monthly volume (0.04%–0.4%). Futures fees are fixed: 0.02% (Maker) and 0.05% (Taker).
What documents are needed for KYC verification?
Indian users must submit a PAN card for identity and one of the following for address proof: Aadhaar card, Voter ID, or Passport.
Is there a native token on CoinSwitch?
No, CoinSwitch does not have a proprietary token. Unlike Binance (BNB) or Bitget (BIG), it operates without a native utility coin.
How many user levels are there for fee discounts?
There are 9 user tiers based on 30-day trading volume, with the highest tier offering fees as low as 0.04%.
Is CoinSwitch available outside India?
CoinSwitch is designed for Indian users and requires an Indian phone number. It is likely restricted in sanctioned regions such as Iran, North Korea, and Yemen.
What security certifications does CoinSwitch hold?
The platform is registered with India’s FIU, holds ISO/IEC 27001:2022 certification, uses SOC 2 Type II custody, and stores funds in cold wallets.
Does CoinSwitch offer staking or yield farming?
No, the platform does not support staking, yield farming, or liquidity pools. Its focus remains on Spot and Futures trading.
Can I use CoinSwitch Pro on desktop?
Yes, CoinSwitch Pro is accessible via web browsers and offers advanced tools like TradingView integration, real-time pricing, and arbitrage monitoring.
Does CoinSwitch have an affiliate program?
Yes, users can join the referral program to earn rewards by inviting others, though specific commission details are not publicly disclosed.
Final Thoughts
CoinSwitch stands out as a major player in India’s growing crypto ecosystem. With over 2 crore users, regulatory compliance, and strong institutional backing, it offers a reliable gateway into digital asset trading. However, limitations such as no crypto withdrawals, lack of staking features, and minimal customer support channels may deter some users.
For Indian investors prioritizing ease of use, INR integration, and leveraged trading options, CoinSwitch remains a compelling choice—especially for those leveraging volume-based fee discounts.
As the market evolves in 2025, continued improvements in user experience and service breadth could solidify its position beyond domestic borders.
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