Coinswitchkuber vs Wazirx: Which is Better Crypto Exchange?

Although in the recent past, these digital currencies have delivered unbelievable ROI, it is still an uphill task to select the best crypto exchange so that you are equipped with all the essential features to invest and earn money. There are many crypto exchanges in India like WazirX, Coinsbit, Coinbns, CoinSwitch Kuber, and Zebpay.

Let's take a look at the CoinSwitchkuber vs WazirX comparison and know which one is better for you.

CoinSwitch Kuber

Ashish Singhal, Vimal Sagar Tiwari, and Govind Soni started CoinSwitch Kuber’s parent company Bitcipher Labs in 2017, which began operations as a crypto platform in June 2020. With more than 7.5 million active users, the Indian cryptocurrency exchange supports trading in more than 100 crypto coins like Bitcoin, Ether, Binance coin, Dogecoin etc.

With its secure and user-friendly platform, it is exclusively designed for Indian users. It has a trading volume of over 300 million dollars per month. It allows investment with a minimum deposit of INR 100. It is known for its lowest deposit, withdrawal, and transaction fee. It gives a reward of INR 50  worth of Bitcoin on referring to a new customer. With 6.1 million downloads, CoinSwitch was the top crypto downloaded app in June 2021.

WazirX

Co-founded in 2018 by Nischal Shetty, Sameer Mhatre, and Siddharth Menon, it is a popular crypto trading exchange in India. It is owned by Zanmai Labs Private Limited. Being the world’s first auto-matching P2P engine it has simplified the fiat to crypto conversion. WRX coin is its native cryptocurrency used for buying and selling crypto assets.

In November 2019, WazirX was acquired by the Binance crypto exchange opening its door for crypto traders. With 3.2 million pageviews WazirX is the second most visited platform after CoinSwitch.

With its variety of features and user-friendly interface, it has unlocked crypto investment for Indian investors. WazirX has listed over 120 cryptocurrencies. WazirX has emerged as one of the leading trading crypto exchanges by integrating with the international crypto exchange Binance.

WazirX’s trading platform supports UPI, IMPS, NEFT, and RTGS deposits, making it stand out among its competitors. However, it does not support credit card deposits. Having registered a growth of 50% per month, WazirX is among the top-rated exchanges in India.

Pros and Cons: Coinswitchkuber Vs WazirX

Consider the following Pros and Cons of CoinSwitch Kuber as you opt it for investment exchange:

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Following are the Pros and Cons of WazirX:

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Trading Features: Coinswitchkuber vs Wazirx

Both CoinSwitch Kuber and WazirX allow their users to start investing with an amount of as little as INR 100. With CoinSwitch Kuber you can buy, sell and trade cryptocurrencies using INR, and can deposit INR in the wallet via debit/credit cards, UPI, IMPS bank transfer, and NEFT.

It has processed over $5 billion through INR trading. With its unique feature of “Limit Order”, the users are equipped with an option to set a specific buy and sell price so that they do not need to monitor the price every now and then. Setting a Limit Order helps you increase your ROI. The Limit Order feature is not available with WazirX, which is seen as its con.

With features like Smart Token Fund (SFT) and Auto-Matching P2P Engine, WazirX has an edge over trading features. SFT helps new investors to build their strong portfolios with the help of professional traders, which is not applicable in CoinSwitch. WazirX supports more than 100 cryptocurrency trading pairs and it has eight currencies paired with USD Tether (USDT) on the P2P market.

Charges: CoinSwitchkuber vs WazirX

Fees and charges determine how much an investor earns from their investment. Investors choose a crypto exchange based on its transaction, deposits, and withdrawal charges.

CoinSwitch Kuber is known for charging nothing for deposits and withdrawals. It does not charge any fee for the first 100 days. Thereafter it charges a fee of 0% to 0.5% per transaction depending on the amount of the transaction.

For bank deposits, WazirX charges INR 6.7, and for NEFT, RTGS, & IMPS transfers it charges a fee of INR 5.9. For withdrawal, its fee is Rs.5-10 based on the amount of the transaction. For bitcoin withdrawal, it charges 0.0006 BTC. It takes a trading and transaction fee of  0.2 percent. Investors who use WRX, the native crypto token of WazirX, for making payments, are given a 50% trading fee waiver.

Final Verdict

When it comes to charges CoinSwitch Kuber is definitely the best choice for investors due to its no deposit and withdrawal policy and low transaction charges. CoinSwitch has a clear and user-friendly UI and UX, while WazirX’s app is quite complicated for beginners. While you are well-versed to select the best crypto exchange from Coinswitchkuber vs WazirX, you may be interested in learning how to trade on WazirX and how to trade on CoinSwitchkuber.