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Setting up your Australian Cypto

account is easier than you think   –


Plus Crypto and Coinswitch how to 
 (2020-2021)

Instructional information only Ebook Author : Phippy Hippy


Swyftx Review: IMPORTANT – Read Before Using (2021)

The future of digital currencies is bright and should be on every Australians radar as a means to build wealth for generations to come. It is
equally important to nd a safe and secure exchange to buy Bitcoin in Australia. 

One of the most popular and trusted crypto exchanges in Australia is Swyftx.

While I aim to provide you with the most accurate information in this Swyftx review, we suggest that you visit their website to keep updated
with any changes that may occur afterward. 

Key  Features:
  eginner-friendly and rapid registration
B
 Supports 170+ assets to buy, trade and sell
 Low trading fees
 High liquidity order-book with low spreads
 5 Star rating based on 625 reviews
 Over 30,000+ Australian users
 30% a liate program

Swyftx Review: IMPORTANT – Read Before Using (2021)


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Swyftx Review: IMPORTANT – Read Before Using (2021)

We also recommend using a Bitcoin hardware wallet such as the Ledger Nano X when buying and selling cryptocurrency. If you don't have a
wallet, read our guide on the best hardware wallets to store cryptocurrency.

What Is Swyftx?
Swyftx is an  AUSTRAC registered cryptocurrency exchange and trading platform   that o ers a simple and transparent way for individuals
to invest in cryptocurrencies in Australia.  The platform has been built to eliminate frustrations on other well-established Australian crypto
exchanges such as deception, manipulation, hyper in ation and high spreads by greedy companies.

After seeing a massive surge in growth during the last 18 months, Swyftx has  over 30,000 registered users  in a short period of time. The
team's vision is to bring together multiple exchanges, charts, portfolio monitoring, leverage, funding, at and risk management into a simple
end-to-end solution. 

Swyftx Features
Swyftx includes innovative and leading edge features in addition to its low trading fees, deep liquidity and a modern web-based user interface
such as: 

  ver 100 assets to trade with high liquidity


O
 Instant veri cation (less than 2 minutes)  without having to upload documentation or take
sel es
 Advanced charting system powered by  TradingView  to give greater control on your
investment, exposure and risk 
 Full demo mode to practice trading crypto and test the platform without having to deposit
 Dollar cost averaging tools to automatically build your crypto investment over time
 2-Factor Authentication to protect account for hackers and theft
 Generate reports to assist with preparing your Australian crypto tax
 A liate program that rewards 30% of commissions for referred users

Swyftx Compared
It has been a frustration for years in Australia with the larger exchanges having a monopoly on the market and charging excessive fees. Did also
you know, crypto exchanges can charge hidden fees in the spread? 

Swyftx Review: IMPORTANT – Read Before Using (2021)


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Swyftx Review: IMPORTANT – Read Before Using (2021)

Using an exchange with lower fees does not always mean you have found the cheapest way to buy Bitcoin. The total fees including spreads can
reach up to 4% each time you buy, trade and sell crypto. This is a big reason why thousands of Australians have decided to create an account
with Swyftx in order to pay less spread charges.

Is Swyftx Safe?
Swyftx includes multiple security layers to ensure the safety of client funds. The platform has partnered with Auth0 which specializes in cloud
platform security to maintain the highest level of password and account safety. 

Accounts are kept safe using Two Factor Authentication (2FA) which means you need something you know (password) and something you have
(2FA device) to successfully log in. 2FA is required to con rm withdrawals, account detail changes and certain high volume trades.  

Swyftx Review: IMPORTANT – Read Before Using (2021)


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Swyftx Review: IMPORTANT – Read Before Using (2021)

How Does Swyftx Work?


Swyftx works like a broker to nd the best crypto prices in AUD and USD by searching the top cryptocurrency exchanges in the world. When an
order is placed using Swyftx, the platform searches for an exchange that provides the most liquidity for that asset.

As a result of Swyftx's global liquidity providers such as  Binance, the trading platform is able to obtain the  best market rates and lowest
spreads for all Australian crypto traders and investors. 

Swyftx Liquidity
Swyftx uses automatically  optimizes your crypto orders across multiple exchanges order books to deliver the best prices and liquidity using a
single platform. This means the liquidity on Swyftx is signi cantly higher compared to other crypto exchanges in Australia.

These are traditional exchanges that use their order books for each trading pair. This results in reduced liquidity on the exchange as it is spread
across each asset creating thinner volume for each asset and larger spreads (hidden fees) to buy and sell crypto in Australia.  

Swyftx Review: IMPORTANT – Read Before Using (2021)


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Swyftx Review: IMPORTANT – Read Before Using (2021)

Swyftx Review: IMPORTANT – Read Before Using (2021)


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Swyftx Review: IMPORTANT – Read Before Using (2021)

Creating An Account With Swyftx 


To create an account with Swyftx, click the "Sign Up" button below. This will take you directly to the Swyftx registration page where you will be
required to ll in your email, set a password, enter your name and phone number.

Swyftx Review: IMPORTANT – Read Before Using (2021)


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Swyftx Review: IMPORTANT – Read Before Using (2021)

Click "agree" to the terms and conditions and hit "Create My Account".( By using my re eral code , I get a small commission from swyftx 
spread cost pro ts . There are no added costs to you . It go's towards my time and energy of producing stu that helps others. )

Swyftx Veri cation

Swyftx Review: IMPORTANT – Read Before Using (2021)


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Swyftx Review: IMPORTANT – Read Before Using (2021)

Due to local regulations, new users that create an account with Swyftx are required to verify their identity. The veri cation process for Swyftx
is incredibly simple and can be completed in 2 minutes.  

To start the veri cation process, navigate to the side bar on the left and click "Pro le" then under your name go to "Veri cation".  This will
bring up an online form where you will only be required to provide:

E  mail address
 Mobile phone number
 ID document number

User Interface
Swyftx user-interface is simple, clean and easy to navigate. Along the top bar the Bitcoin live price in AUD and other cryptocurrency assets are
displayed. The bar on the left allows users to bring up the trade window, change pro le details and quick navigation to Swyftx deposit and
withdraw functions. 

Swyftx Review: IMPORTANT – Read Before Using (2021)


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Swyftx Review: IMPORTANT – Read Before Using (2021)

To buy cryptocurrency such as Bitcoin, there is a simple order-entry form which gives an estimate of the 1 BTC to AUD price and the amount to
pay for in exchange. A great feature is the di erent types of orders that are available:

  arket order
M
 Limit order
 Stop order
The advanced order execution types are perfect for traders looking for an exchange and trading interface into the one platform to allow easier
risk management faster order execution.

The team at Swytfx are currently working to bring additional order types like 'One Cancel the Other' (OCO) combined with position
management. This would be a great feature to bring the platform inline with popular cryptocurrency trading exchanges.

Swyftx Charting & Tools


Swyftx charting interface is  smooth, intuitive and clean. Active traders will be able to use advanced trading and charting tools provided by
the TradingView charts to maximize pro ts and minimize risk.

Swyftx Review: IMPORTANT – Read Before Using (2021)


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Swyftx Review: IMPORTANT – Read Before Using (2021)

TradingView charts o er a wide range of time frames and are available against at pairs AUD, USD and BTC pairs. The crypto price chart is
more than adequate to draw trend lines, add indicators and draw chart patterns to perfectly time a BTC buy or sell entry using a market, limit
or stop order.

Available Cryptocurrencies
Swyftx o ers 100+ assets against base pairs AUD, USD or BTC that include:

Swyftx Review: IMPORTANT – Read Before Using (2021)


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Swyftx Review: IMPORTANT – Read Before Using (2021)

  itcoin (BTC)
B
 Ethereum (ETH)
 Ripple (XRP)
 Litecoin (LTC)
 Bitcoin Cash (BCH)
 Cardano (ADA) 
 EOS (EOS)
 Stellar Lumens (XLM)
 Tezos (XTZ)
 Algorand (ALGO)
 NEO
 Theta (THETA)
 Basic Attention Token (BAT)

Deposit Methods 
Swyftx o ers the following payment methods to deposit Australian Dollars:

P  ayID (instant deposit method)


 POLi (instant deposit method)
 OSKO (deposit within same business day).

Swyftx does not provide the option to purchase crypto using a cash deposit, credit card or PayPal which usually attracts a surcharge in addition
to the trading fee.

Swyftx Review: IMPORTANT – Read Before Using (2021)


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Swyftx Review: IMPORTANT – Read Before Using (2021)

Swyftx Fees & Limits


Swyftx fee structure consists of a  at trading fee of 0.6%.  The deep liquidity on the platform provides users with spreads as low as
0.2% between the buyers & sellers and reduced slippage. 

There is a minimum deposit amount of $30 and deposits under $200 will attract a fee of $2. 

Deposit & Withdrawal Limits


Swyftx allows its users to deposit funds with Australian Dollars (AUD).  The maximum deposit and withdrawal amount is AUD  $20,000 per
day and can be increased to AUD $100,000 with enhanced veri cation.

All deposits are automatically converted into USD by the platform based on the conversion rate for the day. This allows Swyftx to search for
deeper liquidity partners using the USD pairs to o er reduced spreads and ultimately cheaper crypto prices in AUD.   

Swyftx Review: IMPORTANT – Read Before Using (2021)


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Swyftx Review: IMPORTANT – Read Before Using (2021)

Customer Support & Reviews


Swyftx uses Intercom to help people quickly and personally with live chat which is great for beginners using the exchange for the rst time. The
chat bot provides useful links from Help Center for commonly asked questions.

We tried out to live chat and received a reply in about  2 minutes from one of the co-founders. After business hours the response time was
delayed but still received a response within 40 minutes.

Swyftx Review: IMPORTANT – Read Before Using (2021)


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Swyftx Review: IMPORTANT – Read Before Using (2021)

Feedback in local cryptocurrency Facebook groups is very positive. There are some queries from Facebook users however nothing of concern.
We did note that the co-founders of Swyftx are within the group answering user queries. Overall the team at Swyftx was incredibly helpful.
Being Australian based, they are available when you need them.

Frequently Asked Questions


Is Swyftx Regulated?
Swyftx is a  registered reporting exchange with  AUSTRAC that enforce nancial laws to minimize the risk of criminals using cryptocurrency
exchanges for money laundering, terrorism nancing and cyber crimes. The Anti-Money Laundering and Counter-Terrorism Financing Act
2006 requires regulated entities to collect information to establish a customer’s identity, monitor transaction activity and report to AUSTRAC
transactions or activity that is suspicious or involves large amounts of cash over $10,000.

Does Swyftx Have A Mobile App?

Swyftx Review: IMPORTANT – Read Before Using (2021)


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Swyftx Review: IMPORTANT – Read Before Using (2021)

Swyftx trading app allows users to buy, trade and sell cryptocurrencies on mobile devices such as Android or iOS smartphones. The Swyftx app
includes all of the features on the desktop web-based version.

What Countries Does Swyftx Support?


Swyftx trading platform is only available for users in Australia to buy, trade and sell cryptocurrencies.

Is There An Af liate Program?


Swyftx features an a liate program that rewards new users that sign up using a referral code. Swyftx pay out  30% of fees collected on all
trades made for the lifetime of the accounts you’ve referred. The unique referral code can be shared with family or friends to earn extra
passive income.

Conclusion
To conclude our  Swyftx review, we can con dently say that the exchange is a reputable and feature-rich crypto service in Australia that will
suit beginner and experienced investors. It is (in our opinion), the best cryptocurrency exchange in Australia by far. 

Exchange fees are a very important consideration for any prospective cryptocurrency investor. The following exchanges - in addition to the
above exchange - provide very competitive trading, deposit and withdrawal fees (with no hidden charges) with a wide variety of deposit
methods that will suit all types of investors in Australia. 

1. Cointree
2. Zebpay
3. Coinspot
4. BTC Markets
5. Digital Surge
6. ZipMEX
7. Bitcoin Australia
8. Mine Digital
9. Easy Crypto
10. Binance Lite 

Swyftx Review: IMPORTANT – Read Before Using (2021)


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Intelligent Cryptocurrency

LIFETIME ACCESS NO RENEWALS....YOURS NOW

how a 5% net worth bet on Select cryptocurrencies could quadruple your net worth in the next 12 months

Joining The Intelligent Cryptocurrency community is by private invite only. 

If This Page Is Online Right Now, Then A Few Spots Have Opened Up...

Where else do you get a chance to potentially make 10x, 50x or even as much as 277x returns in less than a year?

I believe we're on the cusp of the biggest cryptocurrency bull market we've ever seen. Bitcoin has already traded over $28,000 and I believe it's
just the beginning of a run to multi-six gures per BTC and a cryptocurrency market cap in the TRILLIONS!

But forget about Bitcoin... the time to buy that was months ago when it was still trading under $10,000. Sure, it may still go up to $100,000 or
more in future, but that's "only" a 5x and it would take ENORMOUS capital to get it to that level.

In the cryptocurrency world, making a 5x sometimes happens in a week!

There's thousands of cryptocurrencies (known as altcoins) and many of these have the potential to massively outperform Bitcoin because they
have much smaller market caps.

We saw this happen in the 2017 bull market... and I believe it's about to repeat again in the next 12 months (2021).

Intelligent Cryptocurrency
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Intelligent Cryptocurrency

Cryptocurrencies give the average person a shot at making life-changing returns without needing large capital to invest or having to be an
accredited investor.

We're talking about the potential to turn $1000 into as much as $10,000, $50,000 or even as much as $277,000. This doesn't happen every
day, but it does happen... 

Could A small 5% net worth bet quadruple your net worth?

Smart investors know that when it comes to investments or life in general, nothing is guaranteed. In fact, anyone who guarantees returns of
any kind with 100% certainty is a giant red ag.

Smart investors look for asymmetric bets. This means they look for opportunities that have a downside of what's invested but an upside that is
10x-100x or more.

Why?

Simple. Investing is a numbers game. Most investors have losing investments on a regular basis. You can't win them all. But... if for every losing
investment you make up for at least 10x on the upside with your winners, you'll end up very very wealthy.

Cryptocurrencies are an asymmetric bet.

On the downside they could go to zero and you can lose what you put in.

On the upside, they could return 10x, 30x, 50x, 100x or even more.

Intelligent Cryptocurrency
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Intelligent Cryptocurrency

We saw this in 2020 with a cryptocurrency called LEND that rose in value by more than 27,144% in a period of just over 365 days. Had you bet
$1000 on this cryptocurrency back in September 2019, you could have pro ted as much as $271,000 by August 2020.

Experts expect cryptocurrency cycles to repeat as they have over the past 4 years. If this will happen, then there will be many cryptocurrencies
that will provide enormous returns.

All you need to do is be early and make a few small bets on a few high-potential cryptocurrencies and wait for the cycles to play out. That's it. 

You have to be early to be able to realize these returns.

If you wait until everyone starts talking about it, it'll be too late and you'll be reading the stories about teenage crypto millionaires on the news.

If you'd like to get involved with cryptocurrencies but you don't know where to start or you don't have the time to gure out how it works and
which coins to buy on your own, then you need to join Intelligent Cryptocurrency right now.

We'll teach you step-by-step how cryptocurrencies work, where to buy them, where to store them, how to trade them and what to look for to
have the best chance of high returns.

Intelligent Cryptocurrency
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Intelligent Cryptocurrency

We also have a private members-only chat group to provide you with real time support as well as daily market updates.

And... you'll get access to our premium monthly newsletter which contains research on hand-selected projects with high potential and where to
buy these coins.

All the details of what's in our program to help you succeed are outlined below:

    Here's What You Get When You Join:

A Monthly Crypto Newsletter

Every month you'll receive a 20+ page digital newsletter containing insights into the cryptocurrency industry and the latest developments.

Each newsletter also contains research on at least 1 cryptocurrency project that we personally believe has high potential for future success.

As an IC member you'll also have instant access to all previously published newsletters.

Intelligent Cryptocurrency
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Intelligent Cryptocurrency

Every month there will be a video update added to the members area which goes over the latest news stories and developments in the
cryptocurrency industry, making it easy for you to stay up to date without having to spend hours every day following the news.

As an IC member you'll also have instant access to all previously published video updates.

Intelligent Cryptocurrency
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Intelligent Cryptocurrency

Cryptocurrency Beginners Course

New to Cryptocurrency? We got you covered.

In the members area is a very detailed 18-lesson cryptocurrency for beginners course to help you get up to speed on Bitcoin and
cryptocurrencies.

Each lesson is in video and text format and created for complete beginners with little-no tech knowledge to make cryptocurrencies easy &
simple.

After completing this course you'll have a solid understanding of cryptocurrencies, how they work, how to buy and sell them and how to
securely store them once you own them.

Technical Analysis & Trading Course

Interested in learning how to reach charts and how to trade cryptocurrencies pro tably? We got you covered!

In the members area, you'll have access to a very detailed and comprehensive course (20+ HD video lessons) about money management,
technical analysis and trading.

Dirk has over a decade of experience trading forex, stocks and cryptocurrencies and he shares his insights and best strategies on these topics
in a way that's easy to digest and simple to understand.

Intelligent Cryptocurrency
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Intelligent Cryptocurrency

Intelligent Cryptocurrency
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Intelligent Cryptocurrency

In the members area you'll also have access to additional special reports on speci c topics such as:

"Privacy & Security", "Building A Cryptocurrency Portfolio", "Creating An Exit Strategy" and more.

These special reports go into a lot of detail about their topic and make it really easy to access and learn about speci c information.

Private Discord Chat Groups

Intelligent Cryptocurrency
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As an IC member you'll have access to the private Discord chat groups (accessible from your phone, mobile or tablet) with a dozen di erent
channels around di erent topics such as project updates, technical analysis, market discussions and more.

You'll get instant access to a diverse community of individuals around the world all interested in cryptocurrencies but also stocks, real estate
and other investments.

Intelligent Cryptocurrency
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Intelligent Cryptocurrency

See above Dirk's personal buys and sells which was THETA and TFUEL on Dec 7th 2020 and has now already more than doubled in less than 30
days.

This trade alone could have paid for the entire membership!

PLUS DIRK'S PERSONAL BUY AND SELL MOVEMENTS IN REAL TIME

Besides direct access to the founder of IC (Dirk de Bruin) and having the chance to get your questions answered in real time....

The Discord chat groups are also where Dirk shares his personal buy and sell movements for you to learn from and see which coins Dirk is
personally buying or selling with his own money in REAL TIME.

This is a MAJOR bene t to get insights into the trades of someone experienced with crypto trading and trading in general.

60-Day money back guarantee

Intelligent Cryptocurrency
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Intelligent Cryptocurrency

Your purchase is risk-free for the rst 60 days. If for whatever reason you're not completely satis ed with your membership at Intelligent
Cryptocurrency, simply contact our support desk and we'll refund your membership fee back in full, no questions asked.

LOCK IN YOUR LIFETIME ACCESS TO INTELLIGENT CRYPTOCURRENCY  NOW

2 Installments Billed 30 Days Apart, No Renewal Fees, Ever!

Intelligent Cryptocurrency
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Intelligent Cryptocurrency

2-Pay plan

*  *Instant Access To Members Area


 Cryptocurrency For Beginners Course
 Technical Analysis, Trading & Money Management Course
 Special IC Reports
 **Access Past & Future Intelligent Cryptocurrency Newsletter
 **Access To Monthly Cryptocurrency Market Video Updates
 **Access to Private Members-Only Chat Groups
 60 DAY 100% MONEY-BACK GUARANTEE

One-Time Payment, No Renewal Fees, Ever!.  Join Now

*  *Instant Access To Members Area


 Cryptocurrency For Beginners Course
 Technical Analysis, Trading & Money Management Course
 Special IC Reports
 **Access Past & Future Intelligent Cryptocurrency Newsletter
 **Access To Monthly Cryptocurrency Market Video Updates
 **Access to Private Members-Only Chat Groups
 60 DAY 100% MONEY-BACK GUARANTEE
 HUGE SAVING FOR LONG-TERM SUBSCRIBERS

Swyftx Review: IMPORTANT – Read Before Using (2021)


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Intelligent Cryptocurrency

PLEASE NOTE: On 1 January 2021 the special o er you see above to join for a one-time fee without any future renewals ever disappears
forever. You will still be able to join in future but the membership will be an annual fee of $997 per year. Take advantage of this special o er
now to get access to all future newsletters, updates and additions to Intelligent Cryptocurrency without ever having to pay another renewal fee
again.

Your purchase is fully covered by a 60-day 100% money back guarantee. If for any reason you're not completely satis ed with your purchase,
please contact [email protected] within 60 days of purchase to request your refund.

FREQUENTLY ASKED QUESTIONS

I'm a complete beginner and not good with computers, can you help me?

Yes! As a member of Intelligent Cryptocurrency you receive full access to a complete beginners training course, as well as access to a
members only chat group where you can ask questions in real-time. This makes it perfect for complete beginners to get up to speed and learn
about cryptocurrencies.

I'm already fairly up to speed with cryptocurrencies, will I bene t by joining?

Yes! As a member of Intelligent Cryptocurrency the biggest bene t is the private chat groups. You'll have direct access to Dirk and his personal
buy/sell movements, as well as access to a diverse community of cryptocurrency lovers from all around the world... AND you may also still
learn from the vast amount of training and content available in the members area.

Do you guarantee results or ROI?


There is no guarantee of results of any sort. Intelligent Cryptocurrency is an education business and nothing we provide is to be considered
nancial advice, tax advice or legal advice in any way shape or form . It is your responsibility to do your own research and consult a licensed
nancial planner (which we are not). Any investments you make are 100% at your own risk. Never risk more than you can a ord to lose.  By
signing up to our service you are con rming that you have read, understood and agree to our full disclaimer, terms & conditions as linked to in
the footer of our website.

Do you o er trading signals?

There are no trading signals provided. Intelligent Cryptocurrency is an education business, and while Dirk may from time to time share his
personal trade movements, these are for educational purposes only and must not be considered a "trading signal" or nancial advice of any
sort.

Can you manage/trade my funds for me?

Swyftx Review: IMPORTANT – Read Before Using (2021)


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Intelligent Cryptocurrency

No, Intelligent Cryptocurrency is an education business and not in the business of managing or trading funds on behalf of others.

What kind of support do you o er?

Besides regular help-desk support via email, members also have access to the private chat groups where they can ask questions and get
support in real-time.

Intelligent Cryptocurrency Copyright 2020

IMPORTANT DISCLAIMER: All content and information provided here in and on our website, hyperlinked sites, associated applications, forums,
blogs, social media accounts and other platforms (“Site”) is for general information and educational purposes only. We make no warranties of
any kind in relation to our content and services, including but not limited to accuracy, security and updates. No part of the content and services
that we provide constitutes nancial advice, legal advice or any other form of advice meant for your speci c reliance for any purpose, nor any
dealing in (or promotion of) securities for which a licence is required. Any use or reliance on our content and services is solely at your own risk
and discretion. You should conduct your own research, review, analyse and verify our content and services before relying on or using them and
consult a licensed nancial planner. Trading and investing in cryptocurrencies is a highly risky activity that can lead to major losses, please
therefore consult your nancial advisor before making any decision. No content on our Site is meant to be a solicitation or o er to invest or
participate in any cryptocurrency tokens or fund raises of any sort.

* The annual subscription option gives you full access to Intelligent Cryptocurrency for 12 months from date of purchase. You will be
automatically rebilled unless you cancel your subscription before the renewal date.

** The VIP access option means you will never have future payments or renewals for access to IC.

Swyftx Review: IMPORTANT – Read Before Using (2021)


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CoinSwitch Review: Is CoinSwitch Safe & Legit in 2021

                COINSWITCH 
CoinSwitch is a cryptocurrency exchange aggregator, unlike traditional exchanges that generate their own liquidity, CoinSwitch actually does
not run their own exchange.

Instead, the creators of CoinSwitch noticed that traders need an easy way to nd the best price across multiple exchanges.

CoinSwitch Review: Is CoinSwitch Safe & Legit in 2021


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CoinSwitch Review: Is CoinSwitch Safe & Legit in 2021

Their platform connects to multiple cryptocurrency exchanges in order to nd the best exchange rate for their clients and make it super easy
to convert any token. Click here to see the rates available on CoinSwitch for over 300+ coins.

CoinFi readers get a free $5 USD worth of Bitcoin when they trade their rst $100 worth of crypto through CoinSwitch. Click here to take
advantage of this o er.

There are several advantages to this type of platform, which this CoinSwitch review will cover in-depth:

Get The Best Exchange Rate On CoinSwitch


First, since CoinSwitch automatically compares prices across multiple exchanges, they can get the very best exchange rate.

A 1 or 2% di erence in price might not matter much when you're only trading $50 worth of crypto. However, the more you trade the more
important it is to get a good rate.

Instead of going to one exchange and getting whatever price they quote, CoinSwitch will route your order to the exchange with the best price.
You can check current prices on CoinSwitch here.

No Registration Required
Second, CoinSwitch does not require users to register before they use their service, though registering an account will get you access to a
wider range of exchanges and a better price.

CoinSwitch Review: Is CoinSwitch Safe & Legit in 2021


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CoinSwitch Review: Is CoinSwitch Safe & Legit in 2021

This makes CoinSwitch one of the fastest ways to trade crypto. That's especially true since some of the larger exchanges require KYC and
sometimes completing that veri cation can take several days.

Visit here to trade crypto without any KYC.

A Brief History
CoinSwitch was founded in 2017 and according to CrunchBase they have between 10 and 50 employees.

The cryptocurrency exchange aggregator is headquartered in Bangalore, India and it primarily caters to an Asian clientele.

There are fewer cryptocurrencies regulations in Asia, making it a good market environment as opposed to some western countries like the UK
and USA which are more strict on trading crypto.

Pros

  oinSwitch o ers a staggering number of trading pairs on their platform, they have more
C
than 400 coins available to trade.
  registration means it's easy to execute a quick trade. No need to sign up or go through
No
any KYC veri cation process.
 An intuitive layout makes CoinSwitch very easy to use, even for new cryptocurrency traders.
 CoinSwitch supports credit card purchases.
 There is a potentially lucrative referral program which makes it easy to earn a bonus paid
out in Bitcoin.
Cons

CoinSwitch Review: Is CoinSwitch Safe & Legit in 2021


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CoinSwitch Review: Is CoinSwitch Safe & Legit in 2021

  oinSwitch is unavailable in certain countries, most notably the United States.


C
 CoinSwitch is primarily a crypto-to-crypto exchange and it's not possible to deposit at via
a bank transfer or wire transfer.
 Sometimes fees can be higher than rst quoted as CoinSwitch requires traders to pay the
exchange and network fee for each transaction. That's a di erent model than an exchange
like Changelly where all of the costs are already included in the trading fee quote for a
transaction.
If CoinSwitch seems like a good t for you, if you visit through this link, CoinFi readers will get a bonus $5 in Bitcoin when they trade their rst
US$100 worth of crypto.

How CoinSwitch Works


First a trader goes to CoinSwitch and tells the platform what trade they want to execute, e.g. trade Bitcoin for Ethereum, and then they tell
CoinSwitch how much they want to trade, e.g. 0.25 Bitcoin.

After the trader has entered this information, CoinSwitch will provide the trader with a list of exchanges to execute the trade on.

Notice how this model is di erent than other platforms like Changelly. When a trader uses Changelly, the platform automatically selects the
exchange with the best rate and executes the trade there.

CoinSwitch shows users the exchange rates from all exchanges and lets the user choose which exchange they want to use.

Once a trader selects the exchange they want to use, CoinSwitch will provide a deposit address. The trader should send their coins to that
address. They'll also need to provide another address where they want the exchanged coins to be sent to.

As already mentioned, executing a trade does not require the trader to create an account or to go through a KYC veri cation.

Trade through CoinSwitch here to get $5 worth of free BTC.

Payment Platform
One feature of CoinSwitch that's very unique and sets them apart from other crypto exchanges is that they enable individuals or businesses to
accept cryptocurrency and then get paid in any other crypto.

CoinSwitch Review: Is CoinSwitch Safe & Legit in 2021


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CoinSwitch Review: Is CoinSwitch Safe & Legit in 2021

For instance, because CoinSwitch accepts more than 400 currencies they make it possible for someone to pay an invoice in any one of those
currencies.

Once the invoice is paid and CoinSwitch receives the coin they will exchange it into any other crypto and then send it directly to the business or
person being paid.

This is an especially good feature for someone who is willing to accept crypto as payment but only a certain currency, say Bitcoin. This way
CoinSwitch does all the work of exchanging the coins making the process of accepting crypto easy. Hopefully more exchanges take note and
begin o ering a transaction service like this one.

CoinSwitch has also created a calculator which lets people see how much they can save by accepting crypto versus more traditional payment
methods.

Trade through CoinSwitch here to get $5 worth of free BTC.

Country Restrictions
Like almost every other exchange CoinSwitch places restrictions on who can use their platform. Citizens from the following countries cannot
use CoinSwitch.

Cuba, Iran, North Korea, Crimea, Sudan, Syria, Afghanistan, Pakistan and the United States of America (including all USA territories like
Puerto Rico, American Samoa, Guam, Northern Mariana Island, and the US Virgin Islands St. Croix, St. John and St. Thomas).

Sometimes cryptocurrencies traders from restricted countries use a VPN to access an exchange like CoinSwitch. This can work, however, it's
also risky. If the exchange gures out that a trader is accessing the platform from a blocked country using a VPN they may freeze all of their
funds and the trader may not be able to recover their crypto.

Buying Crypto with a Credit Card


CoinSwitch makes it easy to buy crypto with a debit or credit card.

In fact, unlike some other exchanges which only allow traders to buy Ethereum or Bitcoin with a credit card, CoinSwitch is a platform which
allows their users to buy more than 100 di erent cryptocurrencies with a card. They support purchases denominated in USD, JPY, RUB and
EUR.

A lot of people are asking how to buy on CoinSwitch and we'll go over that now. It's worth noting that the minimum transaction amount is $50
and the maximum amount is $10,000. There is also a $50,000 monthly limit.

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CoinSwitch Review: Is CoinSwitch Safe & Legit in 2021

The purchase itself is not cleared by CoinSwitch. Instead it's handled by Simplex, a European payments company. This is a fairly common setup
and many other exchanges which let their users buy crypto with a credit card also use Simplex.

After selecting which cryptocurrency they'd like to buy and how much they want to purchase, a trader will need to go through a KYC procedure.

This is done to ensure that someone is not trying to buy crypto with a stolen credit card. Unlike KYC on a traditional platform, however,
CoinSwitch claims that the veri cation process only takes a couple of minutes. Once a user's ID is veri ed their credit card will be charged and
then the coins will be sent to the trader's wallet address.

Depending on which crypto a trader buys (XRP is fast, Bitcoin is slow), CoinSwitch claims that the purchase process can take anywhere
between ten and thirty minutes.

The CoinSwitch Exchange Rate


The exchange rates on CoinSwitch can change depending on where the trader decides to exchange coins. CoinSwitch fees can be anywhere
between 0% and 0.49% of the total trade value.

That rate doesn't tell the full story though. On top of the CoinSwitch network fees there may also be a fee charged by the exchange itself and as
well as a network (miner) fee.

Because of this CoinSwitch has a more opaque pricing scheme than other cryptocurrency trade platforms like Changelly. On Changelly the fee
is more clearly explained and known upfront.

Visit CoinSwitch here to nd out the current rate on the coin you want to trade.

Maximum Trade Size


Besides asking for a review about the best rates and network fees, some traders want to know if there is a maximum trade size on CoinSwitch?

The answer is that there is no limit for crypto trades. Users can trade as much as they want to, so long as there is enough liquidity on the
exchange. CoinSwitch does warn about small trades though. They advise traders to make sure that the trade size will be enough to cover all
blockchain fees.

Normally this is not a problem, however, sometimes block fees can be high.

For instance, during the 2017 bull run Bitcoin block fees exceeded $50. Thus when trading cryptocurrencies the trader should always consider
the block fees before creating a transaction.

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CoinSwitch Review: Is CoinSwitch Safe & Legit in 2021

Is CoinSwitch Legit?
Since it's a relatively new exchange many people want to know: is CoinSwitch safe?

The answer is a resounding yes. CoinSwitch is both safe and legit and it's one of the leading exchanges in the cryptocurrency ecosystem.

What makes CoinSwitch so safe is that they're a non-custodial exchange. As opposed to other centralized exchanges like Binance or Coinbase
Pro, CoinSwitch does not custody user funds. They do not have a wallet address and they do not store crypto on their platform.

Because of that there is nothing for a hacker to steal. A platform like Coinbase has billions of dollars' worth of crypto and that's a real target
whereas there's no strong incentive to go after an exchange like CoinSwitch.

The company also takes safety seriously and they go out of there way to adopt the latest security practices. That being said, there is something
that traders need to worry about more than a hack.

Incorrect Trades and Customer Support


CoinSwitch clearly warns that in a transaction where a user sends funds to a wrong address they cannot ever be recovered.

For instance, if a trader accidentally sends Bitcoin to a Bitcoin Cash address, the funds are lost forever. That's as opposed to other exchanges
which can sometimes recover funds.

That's why CoinSwitch advises its users to be very careful about where they send their funds when they're doing their trading.

For all other problems CoinSwitch does have excellent customer support. They post their email address - support@coinswitch.co - right on
their website and they encourage users to contact them. CoinSwitch claims to respond to most emails within 15 minutes.

Trading on CoinSwitch
In this review of CoinSwitch we've covered all of the basics of trading cryptocurrencies on CoinSwitch. That includes how CoinSwitch works and
what makes them di erent than other cryptocurrency exchanges.

Most importantly, CoinSwitch does not require users to create an account to use their service. This makes them a great choice for instant
trading as creating a new account can be time consuming.

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CoinSwitch Review: Is CoinSwitch Safe & Legit in 2021

It's important to remember that no single exchange for cryptocurrencies is going to have the best rate 100% of the time.

That's why it's important shop around. Changelly and ShapeShift o ers a similar service to CoinSwitch and traders may want to check all three
to make sure they're receiving the best quote.

Remember, trading cryptocurrencies is always risky as the technology is new and so much can go wrong. CoinSwitch, however, is a secure way
to trade and they have an excellent track record of customer service. This de nitely makes them a good exchange to work with as it appears
that they take every transaction seriously and value their clients.

Don't forget, if you make your rst trade on CoinSwitch through this link, you'll earn a $5 bonus after you trade $100 worth of crypto.

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