Day by day, it is becoming increasingly difficult to ignore the growing rise of Bitcoin and other cryptocurrencies around the world. Investing in cryptocurrencies is one of the newest ways to grow your wealth. But how do you handle it? How do you choose a cryptocurrency exchange you can trust?
What is a cryptocurrency exchange?
If you want to buy or sell cryptocurrencies, you need to use a cryptocurrency exchange. Such exchanges work like traditional exchange platforms, but instead let you buy and sell digital tokens, known as cryptocurrencies. An ideal cryptocurrency trading platform offers an easy-to-use interface and a secure overall platform. CoinSwitch is one such platform that makes it extremely easy to buy or sell Bitcoin or other popular cryptocurrencies from the comfort of your home.
How CoinSwitch started in 2017?
In 2017, longtime friends Ashish Singhal, Govind Soni and Vimal Sagar started CoinSwitch with a vision to make cryptocurrency trading as easy as ordering food online. When it started, CoinSwitch offered over 300 digital tokens and 45,000 currency pairs. CoinSwitch was born to make sure India doesn’t miss out on the ongoing cryptocurrency revolution.
Ashish is currently the co-founder and CEO of CoinSwitch and has previously worked at companies such as CRUXPay, Reap Benefit, Urban Tailor, Amazon, Microsoft and others. He has a degree from Netaji Subhas Institute of Technology. His vision to open a powerful yet easy-to-use cryptocurrency exchange trading platform resulted in the launch of CoinSwitch.
In the early days, CoinSwitch provided 75 digital tokens and a great user interface to make cryptocurrency trading easier and faster. CoinSwitch continues to provide a highly immersive and easily accessible user interface to lakhs of its currently active users. CoinSwitch also offered its users instant withdrawals, making it easier for them to cash out their winnings.
CoinSwitch Launches Cryptocurrency Trading Platform in India
In June 2020, CoinSwitch launched its Indian cryptocurrency trading platform, with 100,000 user signups during the pre-launch period and investments worth over Rs. 2,000 crores. CoinSwitch now has over 10 million registered users on its platform with a daily trading volume of over $5 billion. That is an impressive count and shows how many people trust the cryptocurrency trading platform.
In another first, CoinSwitch was the first cryptocurrency platform to debut an ad campaign on national television. The campaign helped spread the word, making cryptocurrencies a household name. This sparked curiosity and led to more people getting on board with the platform, allowing them to be a part of the global cryptocurrency revolution.
CoinSwitch Raises Funding From Global Investment Companies
Earlier this year, CoinSwitch raised $15 million in series A funding from Ribbit Capital, Sequoia Capital and Paradigm. The company raised another $25 million from Tiger Global Management in April this year, marking the investment company’s first investment in an Indian cryptocurrency startup.
What makes CoinSwitch a great platform for traders, investors
What sets CoinSwitch apart from its competitors is the simplicity of the platform. When it comes to cryptocurrency trading, more people are likely to sign up and invest in cryptocurrencies if the platform is user-friendly. CoinSwitch makes things easier, faster and more secure so that almost anyone can start trading cryptocurrencies without even any prior trading knowledge. It’s like ordering a taxi through a mobile app or just ordering food online.
CoinSwitch offers a simple user interface that makes it easy for anyone to start investing in cryptocurrencies with just a few clicks. From signing up for a new account to choosing and trading cryptocurrencies, everything is fast, easy and secure. The platform does not charge users any fees, making trading even more lucrative for users. CoinSwitch promises the best cryptocurrency rates on all digital tokens it currently offers. There are plenty of rewards available to traders who use the platform.
Another useful feature that CoinSwitch offers is the ability to quickly and securely withdraw your earnings. When trading cryptocurrencies, it is essential to be able to park your earnings directly into your account sooner rather than later. CoinSwitch not only makes it easy, but also very safe and faster to withdraw your money into your account.
CoinSwitch works consistently to improve the user experience and promises to provide the best experience before and after the purchase. The platform offers a range of innovative features and plans to introduce more powerful new features for cryptocurrency traders in India in the coming months. CoinSwitch is undoubtedly a true one-stop investment solution for Indians looking to invest in cryptocurrencies. The platform also wants to expand to other investment instruments.
CoinSwitch Brings Cryptocurrency Trading to Mobile Devices
Since India is a mobile-first market, CoinSwitch introduced its trading platform to mobile devices as well. There was a growing demand among traders to access a cryptocurrency trading platform on their mobile devices, and CoinSwitch not only provided an ideal solution but also set a benchmark for one of the most useful cryptocurrency trading mobile apps ever. The app is currently open to users in India and offers users the same desktop-class cryptocurrency trading experience on mobile devices.
Thanks to its innovative offering, CoinSwitch has more than 90 lakh users in India and a market share of around 60 percent. Many of the company’s users are young and come from tier III and tier II cities, most of which are first-time cryptocurrency investors. CoinSwitch has several additional innovative products in the pipeline that will be released in the coming months.
Don’t wait, sign up for an account today
There is no doubt that CoinSwitch is and will remain India’s leading cryptocurrency exchange platform. The company promises to innovate in the emerging asset class while employing a large number of eager Indians. It’s an exciting time to be in the cryptocurrency market, and if you’re still missing out, sign up for an account on CoinSwitch and get started right away!
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