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How to make money from cryptocurrency with CoinSwitch

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CoinSwitch is an Indian-based crypto-currency aggregator, created in 2017. It lets its users make money by trading with over 500 cryptocurrencies across more than 45,000 currency pairs.

CoinSwitch also incorporates a range of the world’s leading exchange platforms into its network to deliver no trading limits and fast execution on some of today’s most common tokens and coins.

CoinSwitch : A brief summary

CoinSwitch is a top-rated exchange of cryptocurrencies, which is essentially an all-in-one platform where people can trade cryptocurrencies through exchanges.

It does provide access to more than 500 cryptocurrencies.

When you want to trade with CoinSwitch and make money, a rundown of the items you can do is here.

Using CoinSwitch’s website to compare the exchange rates offered by different cryptocurrency exchanges to find the best deal for you.

Select the currency pair you want, after finding the best rate, and enter your desired exchange number.

Track your order using the order ID issued by CoinSwitch
CoinSwitch’s platform enables its users to to make money by allowing them buy and sell over 500 cryptocurrencies including:

  • Verge
  • VeChain
  • Ripple
  • NEO
  • Monero
  • Litecoin
  • Ethereum Classic
  • Ethereum
  • Dash
  • Cardano
  • Bitcoin Cash
  • Bitcoin

You can check out CoinSwitch’s FAQ section to see the complete list of the cryptocurrencies you may exchange on the platform.

Accessible Countries where CoinSwitch is available

The positive thing about CoinSwitch is it’s a global cryptocurrency trading site. It provides services to consumers from all parts of the world. Like almost every other trade, however, it imposes limitations on people from other nations.

The following countries can not control CoinSwitch, according to this analysis by CoinSwitch: the US, and all its territories, Pakistan, Afghanistan, Syria, Sudan, North Korea, Iran, and Cuba.

Cryptocurrency traders from such locations often use a VPN or a virtual private network to access the trading platform for CoinSwitch.

What form of payment does CoinSwitch accept?

Although exchanging funds on CoinSwitch’s platform can be done using any cryptocurrency token or coin it supports, it does not allow fiat currency deposits.

How does CoinSwitch make money?

The majority of cryptocurrencies trading platforms only let their users buy or sell coins. They do not allow users to substitute one particular coin with another though.

For instance, if you have Bitcoin in your wallet and you want to exchange it with Ethereum, they don’t allow you to exchange in the way they do.

However, with CoinSwitch, you can exchange for other coins as it supports more than 500 cryptocurrencies, but without cash involved.

Of course this procedure saves you a lot of time and money, particularly if you really want to convert one crypto coin into another. Say you want to convert Bitcoin to Ripple for example.

When you sell Bitcoin you will pay a large sum for the sale and when you buy Ripple you will still have to pay a high price for that.

Again, today’s traders are lucky because of exchanges, such as CoinSwitch, that allow them to directly trade one particular coin for others at the best possible rates.

One nice thing about CoinSwitch is that in order to make money from it,  you don’t need to build an account before you swap your coin. What this means is the platform gives users complete anonymity.

Transaction Fees CoinSwitch can charge a fee of 0 per cent to 0.49 per cent depending on the exchange platform you choose for your transaction.

The cost of conversion you will see is already included with the payments.

Please notice, however, that such fees will not include any amount that will be paid by the exchange platform itself and the network fee.

What is CoinSwitch’s Maximum and Minimum Deposit?

Unlike other exchange sites that actually set caps on maximum and minimum amounts. CoinSwitch doesn’t limit the amount you can deposit.

As long as the sum you can deposit meets the network costs, you can then exchange using this website.

This explicitly shows that whatever amount you send and receive will cover network fees.

What happens if the funds can’t provide fees or are not enough is that the transaction would fail.

Users can see a message saying that when funds are inadequate the transaction failed.

Customer Support

You can always reach out to them by emailing their support team if you experience issues with your account or have a question about the application of CoinSwitch.

The email requests would usually receive a response within twelve hours, according to CoinSwitch.

CoinSwitch also has a extensive list of FAQs or questions commonly asked that users can use.

It also provides users with an online exchange guide, thus providing them the opportunity to seek more support through the live chat feature of the platform.

 

Conclusion

CoinSwitch is a cryptocurrency converter that allows users to convert more than 500 coins from cryptocurrency into another thereby causing them to make money.

It also offers users the best deals from major exchanges possible.

It is one of the biggest available today’s cryptocurrency trading platforms.

The user-friendly interface and anonymity features of CoinSwitch are what make it one of the best, if not the best, place for investors in cryptocurrency to transact.

Komolafe Timileyin is a passionate entrepreneur that loves to solve entrepreneurial issues. He is also a blogger and an upcoming Engineer.

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